Reference is made to the stock exchange announcement made by Public Property
Invest ASA ("PPI" or the "Company") on 11 November 2025, where the Company
announced the allocation of 153,646,693 new ordinary (class A) shares in the
Company (the "Offer Shares") raising gross proceeds of NOK 3,534 million (the
"Private Placement"), and a potential subsequent repair offering of up to
15,217,391 new shares raising gross proceeds of up to NOK 350 million at the
same subscription price as in the Private Placement (the "Subsequent
Offering").
The Subsequent Offering will, subject to applicable securities law, be
directed towards existing shareholders in the Company as of 11 November 2025,
as registered in the Company's register of shareholders with Euronext
Securities Oslo on 13 November 2025, who (i) were not included in the
pre-sounding phase of the Private Placement, (ii) were not allocated Offer
Shares in the Private Placement, and (iii) are not resident in a jurisdiction
where such offering would be unlawful or, would (in jurisdictions other than
Norway) require any prospectus, filing, registration or similar action.
The following key information is provided with respect to the Subsequent
Offering:
Date on which the terms and conditions of the Subsequent Offering were
announced: 11 November 2025
Last day including right: 11 November 2025
Ex-date: 12 November 2025
Record date: 13 November 2025
Date of approval: Expected in December 2025 (date of extraordinary general
meeting)
Maximum number of new shares: 15,217,391
Subscription price: NOK 23.00 per share
Shall the rights be listed: No
Other information: The Subsequent Offering is subject to, inter alia,
completion of the Private Placement, the completion of the Company's
acquisition of the portfolio of social infrastructure properties from SBB (the
transaction is further described in the above mentioned announcement),
approvals by the board of directors and an extraordinary general meeting of
the Company, and the publication of a prospectus to be approved by the
Financial Supervisory Authority of Norway. The Company reserves the right in
its sole discretion to not conduct or to cancel the Subsequent Offering.
This information is published in accordance with the requirements of the
Continuing Obligations for Euronext Oslo Børs.