Public Property Invest

Transaction with Aker Property Group Resolution to increase the share capital in relation to the tranche 1 consideration shares

Reference is made to the stock exchange announcement made by Public Property

Invest ASA ("PPI") on 13 May 2025, where PPI announced the transaction to

acquire a portfolio of eight mission critical industrial infrastructure assets

from TRG Real Estate AS ("TRG") in exchange for 124,398,074 new ordinary

shares in PPI (the "Consideration Shares"). The Consideration Shares will be

issued in three tranches.

To approve the issuance of the 30,524,657 Consideration Shares under tranche 1

(the "Tranche 1 Shares"), which will be issued subject to closing of the

transaction, PPI's board of directors has today resolved to increase PPI's

share capital with a total of NOK 1,526,232.85 pursuant to authorisations to

increase PPI's share capital granted by PPI's general meeting on 12 April

Closing of the transaction is expected on or about 20 May 2025 and the Tranche

1 Shares will be issued shortly thereafter.

Of the 30,524,657 Tranche 1 Shares, 16,314,850 Tranche 1 Shares will upon

issuance be delivered to SBB I Norden AB pursuant to the agreement between SBB

I Norden AB, Samhällsbyggnadsbolaget i Norden AB and TRG referred to in the

abovementioned stock exchange announcement.

This information is subject to disclosure under the Norwegian Securities

Trading Act, §5-12.

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