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
2024.
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.