Public Property Invest

Public Property Invest ASA Extraordinary general meeting held, all agenda items approved

An extraordinary general meeting of Public Property Invest ASA ("PPI" or the

"Company") was held today, 9 December 2025, at 16:30 hours (CET). The

extraordinary general meeting was held in connection with the acquisition of a

social infrastructure portfolio from Samhällsbyggnadsbolaget i Norden AB

(publ) ("SBB"), announced on 11 November 2025 (the "Transaction"), and the

private placement of 153,646,693 new ordinary shares in the Company (the

"Offer Shares") carried out in connection with the Transaction (the "Private

Placement").

All the matters on the agenda were approved in accordance with the proposals

from the board of directors, i.e. the approval of the Transaction, the

implementation of the new class of non-voting and non-listed shares (B

shares), the issuance of 446,858,803 new shares in the Company, comprising of

77,541,478 ordinary shares (A shares) and 369,317,325 non-voting and

non-listed shares (B shares), as partial consideration to SBB in the

Transaction (the "Consideration Shares"), the issuance of the Offer Shares and

the board authorization to increase the Company's share capital for the

subsequent offering to be carried out following, and subject to, completion of

the Transaction and the Private Placement.

The minutes from the extraordinary general meeting will be published in a

separate notice shortly, and will be made available under the "Investor"

section on the Company's website https://publicproperty.no.

All necessary regulatory approvals for completing the Transaction have been

obtained. The completion of the Transaction remains subject to necessary

resolutions by SBB's general meeting, and SBB will hold an extraordinary

meeting on 11 December 2025 to pass the necessary resolutions. The Transaction

is expected to be completed later this month.

The Offer Shares and the Consideration Shares will be issued shortly after

completion of the Transaction. Listing of the Consideration Shares, excluding

the non-voting B shares which will not be listed, and the Offer Shares issued

to APG Invest AS in the Private Placement is conditional on the preparation of

a prospectus to be approved by the Financial Supervisory Authority of Norway.

These shares will be admitted to trading on Euronext Oslo Børs only after the

prospectus has been approved and published. In the meantime, they will be

issued under a separate ISIN.

Contact

André Gaden

CEO

+47 93037322

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