Hepsor AS subsidiary sold 20 apartments and Hepsor AS acquires a 100% ownership stake in Hepsor 3Torni OÜ

Hepsor  AS subsidiary  Hepsor 3Torni OÜ  signed a  real rights contract on April
30, 2025, under  which 20 apartments  in the  Ojakalda Kodud development project
(Paldiski mnt 227C, Tallinn) were sold to the company's other shareholder, Artex
KV OÜ. The transaction amount was four million euros, excluding value-added tax.
The  transaction was carried out under  market conditions, and the average price
per  square meter of  the apartments sold  corresponded to the  pricing level of
comparable units previously sold within the same development.

Hepsor  3Torni OÜ will continue to sell the remaining 20 apartments owned by the
company in accordance with the original development project strategy.

Within  the framework of the Ojakalda Kodud development project, three apartment
buildings  with a total of 101 apartments  have been completed, of which 61 have
already been sold.

In  addition to the sale of apartments,  Hepsor AS entered into a transaction to
acquire  an  additional  49% stake  in  Hepsor  3Torni OÜ  from Artex KV OÜ. The
transaction value is 1,225 euros. As a result of the transaction, Hepsor AS will
become the sole (100%) owner of its subsidiary, Hepsor 3Torni OÜ.

Henri Laks
Member of the Management Board
Phone: +372 5693 9114
e-mail: [email protected] (mailto:[email protected])

Hepsor  AS (www.hepsor.ee (http://www.hepsor.ee)) is  a developer of residential
and  commercial real estate.  The Group operates  in Estonia, Latvia and Canada.
During  our fourteen years of operation,  we have created 2,076 homes and nearly
36,300 m(2) of commercial space. As the first developer in the Baltic countries,
Hepsor  has implemented  several innovative  engineering and technical solutions
that make the buildings built by the company more energy-efficient and thus more
environmentally  friendly.  The  company's  portfolio  includes  a  total of 25
development projects with a total area of 172,800 m(2).