Acquisition of social infrastructure portfolio from SBB and private placement - Notice of extraordinary general meeting

About this update from Samhallsbyggnadsbolaget I Norden Ab Class B

Reference is made to the stock exchange announcements made by Public Property Invest ASA ("PPI" or the "Company") on 11 November 2025 regarding the acquisition of a social infrastructure portfolio from Samhällsbyggnadsbolaget i Norden AB (publ) (the "Transaction") in exchange for consideration in cash and issuance of 446,858,803 new shares in PPI (the "Consideration Shares") at a subscription price per share of NOK 23 ("Subscription Price"), and the successful placing of a private placement of 153,646,693 new ordinary shares in PPI at a price per share equal to the Subscription Price (the "Private Placement") with a potential subsequent offering of up to 15,217,391 new ordinary shares in PPI at a price per share equal to the Subscription Price (the "Subsequent Offering").77,541,478 of the Consideration Shares will be new ordinary shares of PPI (A shares), while the remaining 369,317,325 Consideration Shares will be new non-voting and non-listed shares (B shares), which on certain conditions will be exchangeable into ordinary shares.As disclosed in the above mentioned stock exchange announcements, the Transaction, the issuance of the Consideration Shares, the issuance of the new shares in the Private Placement, and the Subsequent Offering are all conditional on approval by the Company's general meeting. As 369,317,325 of the Consideration Shares will be new non-voting and non-listed shares, a prerequisite for issuance of the Consideration Shares is also that the Company's general meeting approves the implementation of the new class of B shares by amending the Company's articles of association.To adopt the necessary resolutions, the Company's board of directors hereby calls for an extraordinary general meeting to be held on Tuesday 9 December 2025 at 16:30 hours (CET) as a digital meeting (the "EGM"). The notice and agenda of the EGM is attached to this stock exchange announcement and will be sent to all shareholders with known addresses. The notice will also be made available on the Company's website: Public Property Invest | Investor relations (https://www.publicproperty.no/en/investor-relations).Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB"), trough SBB I Norden AB, and APG Invest AS have undertaken to vote in favor of the resolutions to be made at the EGM. SBB will however not vote on item 3.2 on the agenda regarding the approval of the Transaction,...

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