Europris — M&A Activity 2024

Mar 21, 2024

Europris acquires the remaining 80 per cent of Runsvengruppen/ÖoB

Europris acquires the remaining 80 per cent of Runsvengruppen/ÖoB

Fredrikstad, 21 March 2024: Reference is made to Europris ASA's stock exchange

notice of 31 January 2024, notifying about Europris ASA's exercise of the option

to buy the remaining 80 per cent of Runsvengruppen AB.

The share purchase agreement to acquire the remaining shares in Runsvengruppen

AB was entered into today. The final purchase price is NOK 200.5 million of

which NOK 13 million will be paid in cash and NOK 187.5 million will be paid

with Europris treasury shares (2,579,678 shares at an implied value of NOK 72.70

per share, reflecting the proposed dividend of NOK 3.25 per Europris share). The

Europris consideration shares will be subject to a customary 12-month lock-up.

The lock-up for the initial consideration shares delivered in 2019 is no longer

in force (the remaining balance of the initial consideration shares is 1,449,898

shares).

Closing and settlement is subject to Foreign Direct Investment (FDI) approval

from Swedish authorities. Anticipated closing of the transaction is in May 2024.

The group will provide the market with more information about operational plans

for ÖoB at a later stage.

For further inquiries, please contact:

CEO Espen Eldal, Europris, espen.eldal@europris.no, +47 48 29 24 24

CFO Stina Charlene Byre, Europris, stina.byre@europris.no, +47 41 10 58 08