Final result of subsequent offering and allocation of offer shares

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, 18 February 2026: Reference is made to the stock exchange announcement made by Public Property Invest ASA (the "Company") on 11 February 2026 regarding the subsequent offering of up to 15,217,391 new ordinary shares (class A shares) in the Company (the "Offer Shares") at a subscription price of NOK 23 per Offer Share (the "Subsequent Offering"), and the stock exchange announcement made earlier today, 18 February 2026, informing of the last day of the subscription period in the Subsequent Offering.

The subscription period in the Subsequent Offering expired today 18 February 2026, at 16:30 hours (CET). The final results show that the Company has received valid subscriptions for a total of 979,696 Offer Shares. Hence, 979,696 Offer Shares, will, subject to timely payment, be issued in the Subsequent Offering. The Company raised approximately NOK 22.5 million in gross proceeds through the Subsequent Offering.

Notifications of allocated Offer Shares and the corresponding amount to be paid by each subscriber will be set out in a separate allocation notice to each subscriber. The allocation notices are expected to be distributed through Euronext Securities Oslo, the central securities depositary in Norway (Nw. Verdipapirsentralen) (the VPS) today. The deadline for payment for the allocated Offer Shares is 23 February 2026, in accordance with the payment instructions set out in the Company's prospectus dated 11 February 2026 (the "Prospectus").

The Offer Shares may not be transferred or traded until they are fully paid and the share capital increase pertaining to the Subsequent Offering has been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). Subject to timely payment of the Offer Shares subscribed for and allocated in the Subsequent Offering, the delivery of the Offer Shares is expected to be completed on or about 2 March 2026, and the Offer Shares are expected to commence trading on Euronext Oslo Børs at the same date. The Managers (as defined below) may be contacted for information regarding allocation, payment and delivery of the Offer Shares. Information about the Subsequent Offering and the settlement procedures is also included in the Prospectus.

Following the issuance of the 979,696 Offer Shares, the Company's share capital will be 47,283,400.50, divided into 576,350,685 ordinary shares (class A-shares) and 369,317,325 non-voting shares (class B-shares), in total 945,668,010 shares, each with a nominal value of NOK 0.05. The class A-shares will represent NOK 28,817,534.25 and the class B-shares will represent NOK 18,465,866.25 of the total share capital.

Arctic Securities AS and DNB Carnegie, a part of DNB Bank ASA, are acting as managers in the Subsequent Offering (the "Managers"). Advokatfirmaet Thommessen AS is acting as legal advisor to the Company in relation to the Subsequent Offering.

For further information, please contact: André Gaden, CEO Email: andre@publicproperty.no Tel: +47 930 37 322

This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act. Important information

This announcement is not and does not form a part of any offer of securities for sale, or a solicitation of an offer to purchase, any securities of the Company in the United States or any other jurisdiction. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the Subsequent Offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned herein will be made solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A under the Securities Act, pursuant to an exemption from the registration requirements under the Securities Act, as well as to major U.S. institutional investors pursuant to an exemption under SEC Rule 15a-6 to the United States Exchange Act of 1934, as amended.

This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "EU Prospectus Regulation") (together with any applicable implementing measures in any Member State). The securities offered in the Subsequent Offering are offered on the basis of a Prospectus prepared by the Company and dated 11 February 2026, which is available on the website of Arctic Securities AS (www.arctic.com/offerings) and DNB Carnegie, a part of DNB Bank ASA (https://www.dnb.no/emisjoner). Investors in the Subsequent Offering should not subscribe for any securities in the Subsequent Offering except on the basis of the Prospectus.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e. only to investors who can receive the offer without an approved prospectus in such EEA Member State.

In the United Kingdom, this communication is only addressed to and is only directed at qualified investors who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) person falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements concerning future events, including possible issuance of equity securities of the Company. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this communication are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Actual events may differ significantly from any anticipated development due to a number of factors, including, but not limited to, changes in investment levels and need for the group's services, changes in the general economic, political, and market conditions in the markets in which the group operate, and changes in laws and regulations. Such risks, uncertainties, contingencies, and other important factors include the possibility that the Company will determine not to, or be unable to, issue any equity securities, and could cause actual events to differ materially from the expectations expressed or implied in this communication by such forward-looking statements. The Company does not make any guarantees that the assumptions underlying the forward-looking statements in this communication are free from errors.

The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. Each of the Company, the Managers, and their respective affiliates expressly disclaims any obligation or undertaking to update, review, or revise any statement contained in this communication whether as a result of new information, future developments or otherwise, unless required by laws or regulations.

The Managers are acting exclusively for the Company and no one else in connection with the Subsequent Offering and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein.

Neither the Managers nor any of their respective affiliates make any representation as to the accuracy or completeness of this announcement and none of them accepts any liability arising from the use of this announcement or responsibility for the contents of this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company.

Certain figures contained in this announcement have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this announcement may not conform exactly with the total figure given.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Specifically, neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Hong Kong, Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.