Completion of acquisition of social infrastructure portfolio from SBB and settlement of the related private placement

About this update from Samhallsbyggnadsbolaget I Norden Ab Class B

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.Oslo, 16 December 2025: Public Property Invest ASA ("PPI" or the "Company") today announces that it has completed the acquisition of the NOK 37bn social infrastructure real estate portfolio from Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB"), announced on 11 November 2025 (the "Transaction").By completing the Transaction, PPI triples its portfolio size to NOK 53bn across 841 properties, creating the largest listed social infrastructure real estate company in Europe.The consideration to SBB in the Transaction consisted partly of cash and partly of 446,858,803 new shares in the Company (the "Consideration Shares"), comprising of 77,541,478 ordinary shares (A shares) and 369,317,325 non-voting and non-listed shares (B shares).The private placement of 153,646,693 new ordinary shares (A-shares) in the Company (the "Offer Shares") carried out in connection with the Transaction (the "Private Placement") is expected to be completed on or about 17 December 2025 when full payment for the allocated Offer Shares has been received, and registration with the Norwegian Register of Business Enterprises (the “NRBE”) of the share capital increase pertaining to the Offer Shares has occurred. Settlement instructions are expected to be distributed by the Managers (as defined below) on or about 16 December 2025.DVP settlement of the Private Placement is expected to occur on or about 18 December 2025, and will be facilitated through the delivery of 68,836,563 Offer Shares, equal to the number of new shares that may be listed on Euronext Oslo Børs without a listing prospectus, resolved issued by an extraordinary general meeting of the Company on 9 December 2025 and prefunded by the Managers pursuant to a pre-funding agreement entered into between the Managers and the Company, and the remaining 27,991,501 Offer Shares (excluding the shares allocated to APG Invest AS in the Private Placement) will be settled with existing and unencumbered shares in the Company that are already listed on Euronext Oslo Børs, pursuant to a share lending agreement entered into between APG Invest AS, SBB i Norden AB, the Managers and the Company (the "Share Lendin...

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