PPI Public Property Invest AB has been approved for listing on Nasdaq Stockholm and Euronext Oslo Børs

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE SEE "IMPORTANT INFORMATION" AT THE END OF THE PRESS RELEASE.

Reference is made to the stock exchange announcement published by Public Property Invest ASA ("PPI ASA") on 11 March 2026, regarding the general meeting's approval of the merger plan for the cross-border merger (the "Merger") between PPI ASA and PPI Public Property Invest AB ("PPI AB"). Through the Merger, PPI will complete its redomiciliation to Sweden. PPI AB will become the new parent company of the PPI group, with a listing on Nasdaq Stockholm and a secondary listing on Euronext Oslo Børs (the "Dual Listing").

PPI is pleased to announce that both Nasdaq Stockholm and Euronext Oslo Børs today have approved PPI AB's applications for admission to trading on respectively Nasdaq Stockholm and Euronext Oslo Børs. Both approvals are made subject to customary conditions, including completion of the Merger and the approval and registration of a prospectus with the Swedish Financial Supervisory Authority. Following the approvals, all conditions for completion of the Merger have been fulfilled, and the Merger is expected to be completed on or about 15 May 2026.

The transfer of primary listing venue marks a strategic and natural milestone in PPI's development and the Board of Directors believes that the transfer will positively benefit shareholders and the future development of PPI.

The main reasons for the redomiciliation to Sweden are:

A Natural Home for a Nordic Real Estate Leader - PPI owns a NOK 54 billion portfolio of attractive social infrastructure assets located across the Nordics. With 53 percent of the portfolio located in Sweden, the re-domiciliation represents a compelling alignment between PPI's geographic presence and its capital markets platform. Stockholm is the Nordic region's leading financial hub for listed real estate companies and one of the largest and most active listed markets in Europe. A primary listing on Nasdaq Stockholm is expected to provide for access to a broader and more liquid investor base with deep expertise in Nordic commercial real estate and social infrastructure.

Sweden is a highly active private and public transaction market - Sweden is one of the most active real estate transaction markets in Europe and has a large international and institutional interest across both the private and public market. This will in turn enable PPI to access a broader set of transaction opportunities as well as both debt and equity capital markets at attractive terms to continue to fuel PPI's growth strategy.

"The approval from Nasdaq Stockholm and Oslo Børs marks a natural and important milestone for PPI. With more than half of our portfolio located in Sweden and a strategy firmly rooted in the Nordic market, Stockholm is the right home for us. Stockholm is the Nordic region's leading financial hub for listed real estate, and a primary listing on Nasdaq Stockholm will give us access to a deeper and more liquid investor base with strong expertise in our sector - a strong platform as we position PPI for further growth" said André Gaden, CEO of PPI.

The shareholders of PPI ASA as of the completion of the Merger will have their shares, regardless of whether they hold ordinary shares (A shares) or non-voting shares (B shares), exchanged for shares in PPI AB at a ratio of 1:1 (the "Consideration Shares"). PPI AB's shares are expected to trade with the ticker PUBLI on both Nasdaq Stockholm and Euronext Oslo Børs, and will have ISIN SE0028799411 on both exchanges.

PPI AB intends to enter into a market making agreement with a leading Nordic broker prior to the first day of trading on Nasdaq Stockholm, to support liquidity in the share on Nasdaq Stockholm.

INDICATIVE TIMETABLE

+-------------------------+--------------------------------------------------+ | Date | Event | +-------------------------+--------------------------------------------------+ | On or about 13 May 2026 | Last day of trading in PPI ASA on Euronext Oslo | | | Børs | +-------------------------+--------------------------------------------------+ | On or about 20 May 2026 | First day of trading in PPI AB on Nasdaq | | | Stockholm | +-------------------------+--------------------------------------------------+ | On or about 21 May 2026 | First day of trading in PPI AB on Euronext Oslo | | | Børs (secondary listing) | +-------------------------+--------------------------------------------------+

PRACTICAL INFORMATION ON HOW TO RECEIVE SHARES TRADEABLE ON NASDAQ STOCKHOLM Important information on how to receive shares tradeable on Nasdaq Stockholm is included in the attached "Important practical information to shareholders".

For shareholders not completing the necessary procedures to receive shares tradeable on Nasdaq Stockholm prior to the first day of trading as per the attached information, PPI will offer free-of-charge conversion from Euronext Securities Oslo (shares tradeable on Euronext Oslo Børs) to the Swedish central securities depository (shares tradeable on Nasdaq Stockholm) during a period of 60 days from the first day of trading on Nasdaq Stockholm.

Q&A RELATED TO THE MERGER AND THE DUAL LISTING PPI has prepared a Q&A overview related to common questions in connection with the Merger and the dual listing on Nasdaq Stockholm and Euronext Oslo Børs. The overview is available on PPI's website https://publicproperty.no/en/investor-relations.

PROSPECTUS PPI AB is preparing a prospectus in connection with the admission to trading of the PPI AB's shares on Nasdaq Stockholm and Euronext Oslo Børs. The prospectus is expected to be approved and registered by the Swedish Financial Supervisory Authority and published on Tuesday 12 May 2026. A separate stock exchange announcement will be published once the prospectus is approved, which will contain information on where the prospectus is made available.

Advisers Advokatfirmaet Thommessen AS and Advokatfirman Vinge are acting as legal advisers to PPI in connection with the Dual Listing and Merger.

Separate from the preparation and execution of the Dual Listing and Merger, DNB Carnegie, a part of DNB Bank ASA, Citigroup and SEB Corporate Finance, Skandinaviska Enskilda Banken AB are acting as ongoing capital markets advisers to PPI, a role which does not extend to the listing process or its associated documentation

IMPORTANT INFORMATION The publication, release or distribution of this press release may be restricted in certain jurisdictions. Recipients of this press release in the jurisdictions in which this press release has been published, released or distributed should inform themselves about and observe such restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in PPI in any jurisdiction. This press release does not identify or attempt to identify any risks (direct or indirect) that may be associated with an investment in securities of PPI. The information contained in this press release is published for background purposes only and does not purport to be complete. This press release does not constitute an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended. The information contained in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United States, Australia, Belarus, Canada, The Hong Kong Special Administrative Region of the People's Republic of China, Japan, New Zealand, Russia, Singapore, South Africa, South Korea, Switzerland or any other jurisdiction where such announcement, publication or distribution of this information would be contrary to applicable laws and regulations. This press release is not a prospectus as defined in Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. PPI has not authorised any offer of securities to the public in any member state of the European Economic Area. This press release contains certain forward-looking statements that reflect PPI's current views with respect to future events and financial and operational performance. Words such as "intends", "expects", "anticipates", "may", "plans", "believes", "estimates" and other expressions that are indicative or predictive of future developments or trends, and that are not based on historical facts, constitute forward-looking statements. By its nature, forward-looking information involves known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees of future performance or development and actual results may differ materially from those expressed in the forward-looking statements.

Contact Tone K. Omsted EVP IR and Corporate Finance tone.omsted@publicproperty.no +47 98228519