Public Property Invest

Board/Management Information • May 23, 2024

Public Property Invest ASA - New EVP IR and Corporate Finance

Public Property Invest ASA - New EVP IR and Corporate Finance

Oslo, 23 May 2024: Tone Omsted has been appointed new EVP IR and Corporate

Finance in Public Property Invest ASA (PPI). She will take up the position on

1 September 2024.

"I am pleased to announce the recruitment of Tone Omsted, and hence to

continue building the already strong and professional team in PPI. PPI was

recently listed on Oslo Børs and has an ambition to become a leading

consolidator in the Nordic real estate market. We look forward to Tone joining

us to establish an open and proactive IR function and to contribute to deliver

on our ambition," says interim CEO Ilija Batljan.

Tone Omsted has more than 25 years' experience from capital markets, corporate

finance, and the property sector. She has served as Head of Investor Relations

in Entra ASA since the IPO in 2014 and she has 15 years' experience as an

Investment Banking professional in SEB/SEB Enskilda.

"PPI is a solid, well capitalized property company with an ambitious growth

strategy. I look very much forward to joining the great team in PPI and to

contribute to develop the company for the exciting journey ahead," says Tone

Omsted.

For further queries, please contact:

Ilija Batljan, interim CEO, ilija@publicproperty.no

Ylva Göransson, CFO, ylva@publicproperty.no

About PPI

Public Property Invest was established in 2021 by SBB and Arctic Securities

with a long-term strategy of owning, operating, and developing socially

beneficial property in Norway. Sustainable property management is an integral

part of Public Property Invest's business.

Its portfolio of properties is characterized by strong tenants within the

public sector, such as the police, judiciary functions and public health

organizations, on long lease contracts and a high occupancy rate.

Public Property Invest's portfolio consists of more than 368,000 sqm across 61

properties which had an aggregate estimated value of around NOK 9,976 million

as of 31 December 2023. It has more than 125 public tenants in 26 cities.

Hundreds of subcontractors ensure that its tenants can fulfil their important

societal missions every day.

In the medium to long term, Public Property Invest is expected to generate NOK

690 million in normalised run-rate rental income, of which public tenants

constitute approximately 92 per cent. The company intends to be an active

consolidator in the market. With a strong balance sheet, it pursues an

opportunistic growth strategy.