As announced on November 11, 2025, APG Invest AS (“APG Invest”), a wholly owned subsidiary of Aker ASA, agreed to subscribe and be allocated class A shares in a private placement in PPI, to acquire a certain number of non-voting class B shares in PPI from SBB, and to exchange a certain number of class A shares for class B shares with SBB in connection with the Transaction.

Closing of the Transaction was completed today, December 16, 2025. Reference is made to the stock exchange announcement made by PPI on December 16, 2025, for further details on completion of the Transaction.

Settlement of the private placement in PPI and APG Invest’s acquisition of the non-voting class B shares from SBB is expected to be completed on or about 17 December 2025, subject to registration of the share capital increases pertaining to the Transaction in the Norwegian Register of Business Enterprise. Following completion of these transactions APG Invest will hold 137,487,381 ordinary class A-shares and 182,353,200 non-voting class B shares in PPI, corresponding to an economic interest of approximately 33.32% and voting rights of approximately 23.28% in PPI (calculated based on the assumption that the subsequent offering of up to 15,217,391 new class A shares announced by PPI is carried out and fully subscribed).

-ENDS-