Olav Thon Eiendomsselskap ASA — Capital/Financing Update 2021

May 19, 2021

Contemplated bond issuance

Contemplated bond issuance

Olav Thon Eiendomsselskap ASA, rated Baa2 (stable) by Moody’s, has mandated Danske Bank, Nordea and SEB as Joint Lead Managers to investigate the potential issuance of one or more NOK denominated senior unsecured bond issues with expected tenors of 3-10 years.

The potential bond issuance is expected to have minimum size of NOK 1 billion in total, and will be subject to market conditions.

Use of proceeds from the contemplated bond issues will be general corporate purposes, including refinancing of debt.

For further information, please contact:

Arne B. Sperre

E.V.P Finance

Tel: +47 926 97 622