Aurora Eiendom AS

Delisting Announcement • May 8, 2025

Aurora Eiendom AS – Clarifications related to proposed delisting

Aurora Eiendom AS – Clarifications related to proposed delisting

Aurora Eiendom AS (AURA) refers to stock exchange announcements of April 30 and the proposal for voluntary delisting, i.e., the delisting of shares from trading on Euronext Growth Oslo.

The company reiterates that it considers delisting to be in the best interests of shareholders, as the company experiences limited benefits and several disadvantages from being listed. By not being listed, the company gains increased flexibility and growth opportunities. Further, the company expects to reduce costs and time associated with listing, which can be reallocated to value-creating operations.

The company’s aim is to maintain both the frequency and quality of reporting as a non-listed company. This includes obtaining valuations of the wholly owned property portfolio at least every six months. The company is also exploring options to introduce an organized framework for buying and selling shares when no longer listed.

17 shareholders, owning a total of 88.4% of the company’s shares, have consented to the delisting, indicating broad support among shareholders. The delisting will be considered at the company’s general meeting on 15 May 2025.

The company aims for as many shareholders as possible to continue in a private structure.

In connection with the delisting, certain shareholders, controlling a total of 84.86% of the company’s shares, have made a conditional offer to purchase shares in the company. This is to provide shareholders with an exit option in connection with delisting. The shareholders have a conditional right, but no obligation, to sell their shares in connection with the offer.

Shareholders, who do not wish to continue their ownership in a private structure, have thus the opportunity to sell at the volume-weighted average price (VWAP) for the last 30 trading days (NOK 86.83 per share). None of the offerors will gain control of the company through the offer (if completed), ensuring the company maintains a diversified ownership structure even after a potential delisting.

Please note that the offer period expires at 16:30 on 14 May 2025, and that the completion of the offer is subject to (i) the company’s annual general meeting resolving to apply for the delisting, (ii) the Board of the company resolving to apply for the delisting and to complete the offer, and (iii) the approval of Euronext Growth Oslo of the delisting.

CEO Lars Ove Løseth: lars.ove.loeseth@alti.no, +47 928 17 859

Important notice:

The offer and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions. Neither the company, nor the offerors, or the receiving agent, assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This announcement is not an offer document and, as such, does not constitute an offer or the solicitation of an offer to subscribe to, acquire, or sell, shares. The offer will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any tender offer document or registration or other requirements would apply. This announcement contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the delisting, the offer, the company or the offerors, are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate, and actual results could differ materially from those anticipated in such statements.