Public Property Invest ASA - Launch of the Offering, commencement of bookbuilding period and application period

Apr 17, 202406:06 UTC

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIESAND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OFCOLUMBIA) (THE "UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIALADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHERJURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BEUNLAWFUL.

Oslo, 17 April 2024: Reference is made to the stock exchange announcements on16April 2024, whereby Public Property Invest ASA ("PPI" or the "Company")announced the terms of the initial public offering of its shares (the"Offering"or the "IPO") and the approval and publication of the prospectus for the IPO(the "Prospectus"). The Prospectus was published on 16 April 2024 and is, subject to regulatoryrestrictions in certain jurisdictions, available at www.arctic.com/offerings,www.danskebank.no/PPI, www.dnb.no/emisjoner, www.nordea.com/en/issuances,www.nordnet.no and www.nordnet.se. Hard copies of the Prospectus may beobtainedfree of charge by contacting one of the Managers (as defined below).

The Offering comprises an institutional offering, a retail offering in Norwayand Sweden and an existing shareholders offering. Applications in the retailoffering and existing shareholders offering can be made through the websiteslisted above, or by using the application forms appended to the Prospectus,fromcommencement of the application period for the retail offering and theexistingshareholders offering. Subscriptions in the institutional offering can be madeby contacting one of the Managers during the bookbuilding period.

The bookbuilding period for the institutional offering and the applicationperiod for the retail offering and the existing shareholders offering willcommence today, 17 April 2024 at 09:00 hours (CEST). The bookbuilding periodforthe institutional offering will close at 14:00 hours (CEST) on 25 April 2024 .The application period for the retail offering and the existing shareholdersoffering will close at 12:00 hours (CEST) on 25 April 2024. The bookbuildingperiod and the application period may be extended at any time, but may in noevent be extended beyond 14:00 hours (CEST) on 8 May 2024. In the event of anextension of the bookbuilding period and/or the application period, theallocation date, the payment due dates and the date of the listing will bechanged accordingly. The commencement of the application period for the retailoffering in Sweden is subject to timely passporting of the Prospectus.

Advisors

Arctic Securities AS, DNB Markets, a part of DNB Bank ASA, Danske Bank A/S,Norwegian branch and Nordea Bank Abp, filial i Norge are acting as jointglobalcoordinators in the Offering (together, the "Managers").

Advokatfirmaet Thommessen AS is acting as legal advisor to PPI and WikborgReinAdvokatfirma AS is acting as legal advisor to the Managers.

For further queries, please contact:

Ilija Batljan, current board member and interim CEO from Listing,ilija@sbbnorden.se

About PPI

Public Property Invest is a real estate company with the objective to own,manage and develop public properties. The portfolio comprises sociallybeneficial properties housing public tenants with strategic locations acrossNorway. The company's strategy is focused on profitable growth throughsustainable and efficient operations, tenant satisfaction and ability to renewand develop existing and new properties.

IMPORTANT NOTICE

These materials do not constitute or form a part of any offer of securitiesforsale or a solicitation of an offer to purchase securities of the Company intheUnited States or any other jurisdiction. The securities of the Company may notbe offered or sold in the United States absent registration or an exemptionfromregistration under the U.S. Securities Act of 1933, as amended (the "U.S.Securities Act"). The securities of the Company have not been, and will notbe,registered under the U.S. Securities Act. Any sale in the United States of thesecurities mentioned in this communication will be made solely to "qualifiedinstitutional buyers" as defined in Rule 144A under the U.S. Securities Act.Nopublic offering of the securities will be made in the United States. Any offering of the securities referred to in this announcement will be madebymeans of the Prospectus. This announcement is an advertisement and is not aprospectus for the purposes of the EU Prospectus Regulation. Investors should not subscribe for any securities referred to in thisannouncement except on the basis of information contained in theaforementionedProspectus, if the Prospectus or another prospectus is published. Copies ofanysuch prospectus will, following publication, be available from the Company'sregistered office and, subject to certain exceptions, on the website of theCompany. The expression "EU Prospectus Regulation" means Regulation (EU)2017/1129 of the European Parliament and of the Council of 14 June 2017(together with any applicable implementing measures in any Member State).

In any EEA Member State, other than Norway and Sweden, this communication isonly addressed to and is only directed at qualified investors in that MemberState within the meaning of the EU Prospectus Regulation, i.e., only toinvestors who can receive any offering of the securities referred to in thiscommunication without an approved prospectus in such EEA Member State.

In the United Kingdom, this communication is only addressed to and is onlydirected at Qualified Investors who (i) are investment professionals fallingwithin Article 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (as amended) (the "Order") or (ii) are persons fallingwithin Article 49(2)(a) to (d) of the Order (high net worth companies,unincorporated associations, etc.) (all such persons together being referredtoas "Relevant Persons"). These materials are directed only at Relevant Personsand must not be acted on or relied on by persons who are not Relevant Persons.Any investment or investment activity to which this announcement relates isavailable only to Relevant Persons and will be engaged in only with RelevantPersons. Persons distributing this communication must satisfy themselves thatitis lawful to do so.Matters discussed in this announcement may constitute forward-lookingstatements. Forward-looking statements are statements that are not historicalfacts and may be identified by words such as "anticipate", "believe","continue", "estimate", "expect", "intends", "may", "should", "will" andsimilarexpressions. The forward-looking statements in this release are based uponvarious assumptions, many of which are based, in turn, upon furtherassumptions.Although the Company believes that these assumptions were reasonable whenmade,these assumptions are inherently subject to significant known and unknownrisks,uncertainties, contingencies and other important factors which are difficultorimpossible to predict and are beyond its control. Such risks, uncertainties,contingencies and other important factors could cause actual events to differmaterially from the expectations expressed or implied in this release by suchforward-looking statements. The information, opinions and forward-lookingstatements contained in this announcement speak only as at its date, and aresubject to change without notice.

The IPO may be influenced by a range of circumstances, such as marketconditions, and there is no guarantee that the IPO will proceed and that theListing will occur.

This announcement is made by, and is the responsibility of, the Company. TheManagers are acting exclusively for the Company and no one else in connectionwith the IPO and will not be responsible to anyone other than the Company forproviding the protections afforded to their respective clients, or for adviceinrelation to the contents of this announcement or any of the matters referredtoherein.

Neither the Managers nor any of their respective affiliates or any of theirrespective directors, officers, employees, advisers, or agents accept anyresponsibility or liability whatsoever for, or makes any representation orwarranty, express or implied, as to the accuracy, completeness or fairness ofthe information and opinions in this announcement (or whether any informationhas been omitted from this announcement) or any other information relating theCompany or associated companies.

This announcement is for information purposes only and is not to be relieduponin substitution for the exercise of independent judgment. It is not intendedasinvestment advice and under no circumstances is it to be used or considered asan offer to sell, or a solicitation of an offer to buy any securities or arecommendation to buy or sell any securities of the Company. Neither theManagers nor any of their respective affiliates accepts any liability arisingfrom the use of this announcement.

Each of the Company, the Managers and their respective affiliates expresslydisclaims any obligation or undertaking to update, review or revise anystatement contained in this announcement whether as a result of newinformation,future developments or otherwise.

The distribution of this announcement and other information may be restrictedbylaw in certain jurisdictions. Persons into whose possession this announcementorsuch other information should come are required to inform themselves about andto observe any such restrictions.

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