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WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Fornebu, May 13, 2025. Aker Property Group ("APG"), a wholly owned subsidiary of
Aker ASA ("Aker"), announces today that it has signed agreements to acquire a
strategic ownership interest in Public Property Invest ASA (OSE: PUBLI) ("PPI")
and Samhällsbyggnadsbolaget i Norden AB (STO: SBB) ("SBB").

The transaction includes:

  · TRG Real Estate AS ("TRG"), a company indirectly controlled by Kjell Inge
Røkke, Chair of Aker ASA, has reached an agreement to sell an industrial
property portfolio (the "Industrial Property Portfolio") to PPI at an agreed
equity value of NOK 2.325 billion, in exchange for 124,398,074 new ordinary
shares in PPI, issued at a price of NOK 18.69 per share (the "PPI Shares").

  · TRG has agreed to transfer the right to receive 39,808,989 PPI Shares to SBB
I Norden AB ("SBB I Norden"), which is an indirect wholly owned subsidiary of
SBB. In exchange, TRG will receive 164,561,931 class B-shares in SBB,
representing about 9.08 percent of SBB's share capital and 4.44 percent of the
voting rights (the "SBB Shares").

  · TRG has agreed to transfer to APG the right to receive both the SBB Shares
and the remaining 84,589,085 PPI Shares that were not transferred to SBB I
Norden at the same valuation as agreed with PPI and SBB.

Following the completion of the transaction, APG will be the second largest
shareholder in PPI with about 24.58 percent of the shares and votes.
Additionally, it will own about 9.08 percent of the share capital and 4.44
percent of the votes in SBB. SBB, through SBB I Norden, will continue as the
majority shareholder in PPI with about 33.4 percent of the shares.

PPI maintains a solid balance sheet and has a clear strategy for continued
consolidation in the Nordic Community market segment. Since its IPO in 2024, PPI
has demonstrated strong operational performance, achieved a BBB Investment Grade
rating, and initiated quarterly dividend payments.

"The transaction with PPI aligns with Aker's strategy to concentrate our
portfolio on fewer, cash-generative investments. PPI is a solid company with a
strong management team, diverse portfolio, and opportunistic growth strategy
focused on value-accretive transactions. Its low-risk profile and predictable
dividend payment strategy further underscores the strong fit with Aker's plans
to increase the real estate exposure over time," says Øyvind Eriksen, President
and CEO of Aker ASA.

PPI's real estate portfolio primarily consists of properties with public tenants
in prime locations across Norway. The company has a long-term strategy to own,
operate, and develop social infrastructure properties in the Nordics. As part of
PPI's acquisition of the Industrial Property Portfolio from TRG, the company is
establishing a new infrastructure segment to focus on high-quality
infrastructure assets that complement its existing portfolio, characterized by
solid tenants, long lease contracts, and stable cash flow.

"This represents a milestone transaction for PPI and enable us to establish a
new business segment within critical industrial infrastructure. The portfolio is
very attractive, it yields 7 percent and is fully let to solid counterparties
with a WAULT of 15 years. We are also very excited to get Aker in as a new
strategic, long-term investor with a stated ambition to support PPI's growth
journey," says André Gaden, CEO of PPI.

Aker will in connection with the transaction nominate Jens Jalland, CEO of Aker
Property Group, to enter the PPI Board of Directors.

Through the transaction, Aker also becomes a significant owner in SBB.

Øyvind Eriksen comments: "Aker fully supports SBB management's strategy to
simplify the corporate structure, deleverage the balance sheet, and grow Net
Asset Value. We are prepared to contribute additional capital and will leverage
our capital markets expertise, industrial heritage, and proven track record to
facilitate SBB's transformation and long-term value creation,"

"We welcome Aker Property Group as long-term major shareholder in SBB. We are
delighted to have the opportunity to continue developing SBB together. We
believe that today's transaction between PPI and Aker Property Group and the
directed issue from SBB to Aker Property Group will increase SBB's earnings and
reduce its debt ratio. This transaction will improve the financial situation of
SBB and all its stakeholders," says Lennart Sten, Chairman of SBB.

Transaction Details

The Industrial Property Portfolio being sold by TGR to PPI includes eight
industrial properties located in the municipalities of Lier, Egersund,
Kristiansand, Sandnessjøen, Molde, Øygarden, and Stord. The properties are
primarily leased to Aker Solutions and HMH. The portfolio will be transferred to
an equity value of NOK 2.325 billion, based on an agreed net property value of
NOK 1.525 billion and an agreed net cash level NOK 800 million for the portfolio
companies. Deviations from the agreed net cash level on closing will be settled
in cash between the parties.

The PPI Shares will be issued at a subscription price of NOK 18.69 per share.

The PPI Shares will be issued in three tranches:

  · 30,524,657 of the PPI Shares ("Tranche 1") will be issued by the board of
directors of PPI (the "PPI Board") pursuant to authorizations granted to the PPI
Board by the general meeting April 12, 2024