Public Property Invest

Share Issue/Capital Change • Mar 11, 2025

Purchase of shares in Terningen Invest AS - Issuance of consideration shares to seller

Purchase of shares in Terningen Invest AS - Issuance of consideration shares to seller

Reference is made to the stock exchange announcement made by Public Property

Invest ASA ("PPI") on 26 February 2025, regarding the purchase of 100 shares

in Terningen Invest AS ("Terningen"), corresponding to 1 % of the outstanding

shares in Terningen for a total consideration of NOK 1.6 million. As disclosed

in the said announcement, the purchase price for the relevant shares in

Terningen will be settled by issuance of 86,299 new shares in PPI (the

"Consideration Shares"). PPI's board of directors has today resolved to issue

the Consideration Shares to the seller pursuant to the authorization to

increase PPI's share capital granted by PPI's general meeting on 12 April

Following registration of the share capital increase pertaining to the

Consideration Shares with the Norwegian Register of Business Enterprises,

PPI's share capital will be NOK 10,759,506.20 divided into 215,190,124 shares,

each with a nominal value of NOK 0.05.

This information is subject to disclosure under the Norwegian Securities

Trading Act, §5-12. The information was submitted for publication at

2025-03-11 11:09 CET.