Public Property Invest

Share Issue/Capital Change • May 28, 2024

Public Property Invest ASA IPO End of stabilisation period

Public Property Invest ASA IPO End of stabilisation period

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES

AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF

COLUMBIA) (THE "UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL

ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER

JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE

UNLAWFUL.

Oslo, 28 May 2024: Reference is made to the stock exchange announcement made

by Public Property Invest ASA ("PPI" or the "Company", ticker code "PUBLI") on

29 April 2024, regarding the commencement of the stabilisation period

pertaining to the Company's initial public offering of shares (the

"Offering").

DNB Markets, a part of DNB Bank ASA (the "Stabilisation Manager"), acting as

stabilisation manager in connection with the Offering on behalf of the

Managers (as defined below), hereby gives notice that the stabilisation period

has ended. Stabilisation activities have been undertaken on the Oslo Stock

Exchange between 29 April 2024 and 28 May 2024, and a total of 15,750,000

shares in the Company have been purchased as part of the stabilisation

activities. The shares were purchased at an average price of NOK 14.2610 per

share and within the daily price ranges set out in the attached stabilisation

notice.

The Stabilisation Manager will redeliver the 15,750,000 shares purchased

through stabilisation transactions to SBB Samfunnsbygg AS in accordance with

the terms in the share lending agreement between the parties. The greenshoe

option granted by the Company will not be exercised.

Arctic Securities AS, DNB Markets, a part of DNB Bank ASA, Danske Bank A/S,

Norwegian branch and Nordea Bank Abp, filial I Norge (together, the

"Managers") are acting as joint global coordinators in the IPO. Advokatfirmaet

Thommessen AS is acting as legal advisor to PPI and Wikborg Rein Advokatfirma

AS is acting as legal advisor to the Managers.

This information is published in accordance with the disclosure requirements

in article 6 no. 3 and article 8 of Commission Delegated Regulation (EU)

2016/1052.

About PPI

Public Property Invest is a real estate company with the objective to own,

manage and develop public properties. The portfolio comprises socially

beneficial properties housing public tenants with strategic locations across

Norway. The company's strategy is focused on profitable growth through

sustainable and efficient operations, tenant satisfaction and ability to renew

and develop existing and new properties.

For further queries, please contact:

Ilija Batljan, interim CEO, ilija@publicproperty.no

Ylva Göransson, CFO, ylva@publicproperty.no

IMPORTANT NOTICE

These materials do not constitute or form a part of any offer of securities

for sale or a solicitation of an offer to purchase securities of the Company

in the United States or any other jurisdiction. The securities of the Company

may not be offered or sold in the United States absent registration or an

exemption from registration under the U.S. Securities Act of 1933, as amended

(the "U.S. Securities Act"). The securities of the Company have not been, and

will not be, registered under the U.S. Securities Act. Any sale in the United

States of the securities mentioned in this communication will be made solely

to "qualified institutional buyers" as defined in Rule 144A under the U.S.

Securities Act. No public offering of the securities will be made in the

United States.

Any offering of the securities referred to in this announcement will be made

by means of a prospectus. This announcement is an advertisement and is not a

prospectus for the purposes of the EU Prospectus Regulation.

Investors should not subscribe for any securities referred to in this

announcement except on the basis of information contained in the

aforementioned prospectus, if the prospectus or another prospectus is

published. Copies of any such prospectus will, following publication, be

available from the Company's registered office and, subject to certain

exceptions, on the website of the Company. The expression "EU Prospectus

Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of

the Council of 14 June 2017 (together with any applicable implementing

measures in any Member State).

In any EEA Member State, other than Norway and Sweden, this communication is

only addressed to and is only directed at qualified investors in that Member

State within the meaning of the EU Prospectus Regulation, i.e., only to

investors who can receive any offering of the securities referred to in this

communication without an approved prospectus in such EEA Member State.

In the United Kingdom, this communication is only addressed to and is only

directed at Qualified Investors who (i) are investment professionals falling

within Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling

within Article 49(2)(a) to (d) of the Order (high net worth companies,

unincorporated associations, etc.) (all such persons together being referred

to as "Relevant Persons"). These materials are directed only at Relevant

Persons and must not be acted on or relied on by persons who are not Relevant

Persons. Any investment or investment activity to which this announcement

relates is available only to Relevant Persons and will be engaged in only with

Relevant Persons. Persons distributing this communication must satisfy

themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "anticipate", "believe",

"continue", "estimate", "expect", "intends", "may", "should", "will" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believes that these assumptions were

reasonable when made, these assumptions are inherently subject to significant

known and unknown risks, uncertainties, contingencies and other important

factors which are difficult or impossible to predict and are beyond its

control. Such risks, uncertainties, contingencies and other important factors

could cause actual events to differ materially from the expectations expressed

or implied in this release by such forward-looking statements. The

information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice.

This announcement is made by, and is the responsibility of, the Company. The

Managers are acting exclusively for the Company and no one else in connection

with the Offering and will not be responsible to anyone other than the Company

for providing the protections afforded to their respective clients, or for

advice in relation to the contents of this announcement or any of the matters

referred to herein.

Neither the Managers nor any of their respective affiliates or any of their

respective directors, officers, employees, advisers, or agents accept any

responsibility or liability whatsoever for, or makes any representation or

warranty, express or implied, as to the accuracy, completeness or fairness of

the information and opinions in this announcement (or whether any information

has been omitted from this announcement) or any other information relating to

the Company or associated companies.

This announcement is for information purposes only and is not to be relied

upon in substitution for the exercise of independent judgment. It is not

intended as investment advice and under no circumstances is it to be used or

considered as an offer to sell, or a solicitation of an offer to buy any

securities or a recommendation to buy or sell any securities of the Company.

Neither the Managers nor any of their respective affiliates accepts any

liability arising from the use of this announcement.

Each of the Company, the Managers and their respective affiliates expressly

disclaims any obligation or undertaking to update, review or revise any

statement contained in this announcement whether as a result of new

information, future developments or otherwise.

The distribution of this announcement and other information may be restricted

by law in certain jurisdictions. Persons into whose possession this

announcement or such other information should come are required to inform

themselves about and to observe any such restrictions.