Arribatec Group ASA - Capital/Financing Update 2015

Agasti Holding ASA - Blackstone investment expected to close in the near future

As previously announced, affiliates of Blackstone (Blackstone) has entered into

an agreement to acquire 34 percent of Agasti's operational activities for NOK

250 million. The transaction is carried out by Agasti Holding ASA (Agasti)

transferring all the companies that make up the operational activities to the

recently established subsidiary Obligo BX Holding AS (Obligo BX), of which

Blackstone will acquire 34 percent. Agasti will own the remaining 66 percent in

Obligo BX. All of the closing conditions have now been met or waived and the

transaction is expected to be closed in the near future.

Blackstone has also entered into an agreement with ten real estate portfolios

managed by Obligo Investment Management AS (Obligo) to acquire their respective

real estate portfolios for a combined value of NOK 22 billion. The general

assemblies of these portfolios have all approved the transactions with a large

majority of the attending shareholders voting in favour. The transactions will

be completed according to plan.

- As Blackstone becomes a major shareholder in Agasti's operational business, we

will jointly pursue further real estate transactions with the ambition to build

a leading position in the Nordic real estate market. Furthermore since all of

the transactions related to the real estate portfolios have been approved, this

also marks a major strategic milestone for Agasti by establishing an

institutional investor platform, comments Jørgen Pleym Ulvness, Chief Executive

Officer of Agasti and of Obligo.

The Board of Directors in Agasti Holding ASA will later this fall summon an

extraordinary general meeting and propose that the purchase price of NOK 250

million, after deducting expenses associated with the wind-down of Agasti's

remaining activities, is paid to Agasti's shareholders as dividend. Payment is

expected to take place before 31.12. 2015.

Contact details:

CEO, Jørgen Pleym Ulvness, phone (+47) 906 67 877

CFO, Christian Dovland, phone (+47) 908 84 730

CCO, Tor Arne Olsen, phone (+47) 900 90 470

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

AI assistant