Public Property Invest ASA (“PPI”) has today acquired 100 shares, corresponding to 1 % of the outstanding shares in Terningen Invest AS (“Terningen”) for a total consideration of NOK 1.6 million. Terningen owns the 20,700 sqm property Terningen Arena Elverum. Following this transaction PPI owns 1,648 shares, corresponding to 16.48 % of the outstanding shares in Terningen. The purchase of shares will be settled by issuing 86,299 new shares in PPI following a resolution by the board of directors to increase the share capital pursuant to the authorization to increase PPI's share capital granted by PPI's general meeting on 12 April 2024.

PPI also plans to put forward an offer to acquire the remaining outstanding shares in Terningen for NOK 16,000 per share with voluntary settlement in cash and/or new shares in PPI at a share price equivalent to NOK 18.54 per share. Such offer will be subject to the publication by PPI of an offering prospectus