Public Property Invest - M&A Activity 2026

PPI Public Property Invest AB Cross-border merger completed

15 May 2026 -- Reference is made to the stock exchange announcement published

by Public Property Invest ASA ("PPI ASA") on 30 April 2026, informing that

both Nasdaq Stockholm and Euronext Oslo Børs had, subject to fulfillment of

customary conditions, approved PPI Public Property Invest AB's ("PPI AB")

applications for admission to trading, and that the cross-border merger

between PPI ASA and PPI AB (the "Merger") would be completed on or about 15

May 2026.

PPI is pleased to inform that the Merger has been completed. As a result of

the completion of the Merger, PPI AB has been transferred all of PPI ASA's

assets, rights and liabilities, and PPI AB is the new parent company for the

PPI group.

The shareholders of PPI ASA as of the completion of the Merger, i.e. today 15

May 2026 (as recorded in PPI ASA's shareholder register in Euronext Securities

Oslo on 19 May 2026), will have their shares, regardless of whether they hold

ordinary shares (A shares) or non-voting shares (B shares), exchanged for

shares in PPI AB at a ratio of 1:1.

Subject to the fulfilment of the customary conditions, the first day of

trading in PPI AB's shares on Nasdaq Stockholm will be 20 May 2026, and the

first day of trading in PPI AB's shares on Euronext Oslo Børs (secondary

listing) will be 21 May 2026.

With effect from today, 15 May 2026, PPI AB will assume the debtor position

under the bonds issued by PPI ASA, including the two bonds listed on Euronext

Oslo Børs with ISIN NO0013471730 and ISIN NO0013646927.

This information is subject to the disclosure requirements of Section 5-12 of

the Norwegian Securities Trading Act.

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