Directed offering of shares of EfTEN Real Estate Fund AS

At  the EfTEN Real Estate Fund AS  Annual General Meeting held on 8 April 2025,
the  shareholders  authorised  the  Supervisory  Board,  for  one  year from the
adoption  of the resolution, to decide on increasing the fund's share capital by
carrying   out  public  and/or  private  offerings,  excluding  the  pre-emptive
subscription rights of existing shareholders.

Based on this resolution, the fund will conduct a directed share issue and raise
a  total of 1.6 million euros, mainly from Lithuania. The share price was set as
the 60-day average closing price of the fund's share on the Nasdaq Tallinn Stock
Exchange  preceding  the  resolution  of  the  Supervisory Board resolution, i.e
19,11 euros per share.

A  total of  84,506 new shares  will be  issued based  on the  resolution of the
supervisory  board, with a nominal  value of 10 euros per  share, resulting in a
new share capital of 115,248,460 euros.
The  fund plans  to use  the proceeds  from the  share issue  to finance further
investment activities based on the fund's investment strategy.

Viljar Arakas
Member of the Board
Tel. 655 9515
E-mail: [email protected] (mailto:[email protected])