NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, EITHER DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, THE UNITED KINGDOM, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION REQUIRES ADDITIONAL PROSPECTUSES, REGISTRATION OR OTHER ACTIONS, WOULD BE ILLEGAL OR REQUIRE REGISTRATION OR OTHER ACTIONS ACCORDING TO APPLICABLE LAW. SEE ALSO SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE.

The final outcome of the directed share issue of ordinary shares to the general public in Genova Property Group AB (publ) ("Genova" or the "Company"), announced on 26 May 2025 (the "Offering"), shows that the Offering was heavily oversubscribed. As a result of the directed share issue to the general public, Genova receives more than 2,300 new shareholders, to be compared to the 1,700 shareholders of the Company as of 31 March 2025. The subscription price has been set at SEK 43.29 per ordinary share, and the number of newly issued ordinary shares in the Offering amount to 600,000. Genova's Board of Directors has today resolved on allocation in accordance with the allocation principles set out in the exemption document published on 26 May 2025.

The Offering in brief
The Offering comprised a maximum of 600,000 newly issued ordinary shares and was directed to the general public in Sweden. The subscription price of SEK 43.29 per ordinary share has been determined based on the volume-weighted average price of the Company's ordinary share on Nasdaq Stockholm during the subscription period, which took place between 27 May and 4 June 2025, with a discount of five (5) percent. By broadening the shareholder base to include more investors from the general public, Genova is strengthening the conditions for increased liquidity in the trading of its shares, creates a more diversified ownership structure, and a broader, long-term interest in the company's development.

The outcome
There has been a strong interest from the general public and the Offering was heavily oversubscribed. The number of shares in the Offering amount to 600,000 ordinary shares, and at a subscription price of SEK 43.29 per ordinary share, Genova will receive proceeds of approximately SEK 26 million before transaction costs. At the same time, Genova adds more than 2,300 new shareholders compared to the 1,700 shareholders of the Company as per 31 March 2025.

Through the Offering, the number of ordinary shares in Genova will increase by 600,000 - from 45,013,329 to 45,613,329 ordinary shares, corresponding to a dilution effect of approximately 1,3 percent. Since the Annual General Meeting on 5 May 2025 resolved to reduce the share capital and cancel 600,000 ordinary shares - corresponding to the number of shares now being issued - the Offering will not result in any net dilution for existing shareholders. The total number of outstanding ordinary shares remain unchanged compared to before the cancellation.

Comment from CEO Michael Moschewitz
"We are pleased with the strong interest in subscribing for shares in Genova and proud to welcome 2,300 new shareholders to the company. By adding more retail investors alongside our larger long-term shareholders, we are laying the foundation for improved liquidity in the trading of our share. At the same time, more investors will have the opportunity to take part in Genova's strong position and development that lies ahead. We are grateful for the trust placed in us!"

Advisors
Avanza Bank AB (publ) is acting as financial advisor and Gernandt & Danielsson Advokatbyrå is

acting as legal advisor to Genova in connection with the Offering.

For further information, please contact:
CEO, Michael Moschewitz, phone +46 70-713 69 39, michael.moschewitz@genova.se

About Genova
Genova Property Group AB (publ) is a dynamic property company with extensive expertise in various segments of the property market. The company aims to drive sustainable value growth through active property management, urban development, project development and property transactions in Sweden. As of 31 March 2025, Genova owned properties valued at approximately SEK 9.5 billion and the company held a substantial building rights portfolio. Genova's ordinary shares are listed on Nasdaq Stockholm since 2020.

This information is such information that Genova Property Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted through the agency of the above contact person, for publication on 5 June 2025 at 08:30 CEST.

Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in the Company. This press release is not a prospectus for the purposes of the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Offering. The Company has prepared and published an exemption document in the form prescribed by Regulation (EU) 2024/2809 ("Listing Act") Annex IX. No action has been taken, or will be taken, by the Company to allow an offer to the public in jurisdictions other than Sweden. This press release and the exemption document may not be released, published or distributed, directly or indirectly, in or into the United States, the United Kingdom, Australia, Hong Kong, Japan, Canada, Switzerland, Singapore, South Africa or New Zealand, or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such actions would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded or reproduced in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws. The Offering is not aimed for individuals with residence in the United States, the United Kingdom, Australia, Hong Kong, Japan, Canada, Switzerland, Singapore, South Africa, or New Zealand nor in any other jurisdiction where participation would require additional prospectus, registration or other arrangements aside from what is required under Swedish law. No new ordinary shares have or will be registered under the United States Securities Act of 1933, as amended from time to time, or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, into or within the United States.

Forward-looking statements
This press release contains certain forward-looking statements that reflect the Company's current views and expectations of future events, as well as financial and operational development, including statements regarding the Offering and statements regarding guidance, planning, outlook and strategies. Words such as "intended", "assessed", "expected", "planned", "estimated", "can", and other terms that imply indications or predictions regarding future developments or trends and which are not based on historical facts, are forward-looking information. Although the Company believes that these statements are based on reasonable assumptions and expectations, the Company cannot guarantee that such forward-looking statements will be realized. Since these

forward-looking statements include both known and unknown risks and uncertainties, actual outcomes may differ materially from what is stated in forward-looking information. Forward-looking statements in the press release are valid only at the time of the press release and are subject to change without notice. The Company makes no commitment to publish updates or revisions to forward-looking statements as a result of new information, future events or the like in addition to what is required by applicable laws or stock market regulations.