Aurora Eiendom AS ("Aurora"), as buyer, and Steen & Strøm, as seller, has
entered into a share purchase agreement in relation to the transfer of the two
shopping centers Gulskogen and Arkaden, in addition to 25 per cent of Maxi (the
"Acquisition"). The deal is valued at NOK 2.6 billion. The Acquisition is
estimated to close during July 2022. 
   
Gulskogen in Drammen comprises 80 per cent of the purchase with a gross asset
value close to NOK 2.1 billion. The center is a regional shopping champion and
complements Aurora's and Alti Forvaltning's current presence in the Drammen
area. Gulskogen has a gross lettable area of more than 40,000 sqm with a gross
turnover of NOK 1.5 billion (2021). More than 300,000 people live within a
30-minute drive from the shopping center, which is located in a well-established
retail cluster where 1,500 residential units will be developed in the coming
years.

"Gulskogen is a truly impressive shopping destination in a thriving region. The
center serves the daily needs of a large part of the Drammen area, it has a
strong offering of shopping and services, and we see an opportunity to further
grow and improve Gulskogen in the years to come", says Lars Ove Løseth, CEO of
Aurora Eiendom.

Arkaden is one of Stavanger's most central shopping destinations, located in the
heart of the city center and accessible to the entire population of the
metropolitan area. Arkaden has 14 stores and more than 8,000 sqm of retail
space. The market for quality commercial real estate properties in the city
center of Stavanger is seeing increased demand, and the shopping center benefits
from very good visibility in an area with lots of other retail and store
options. 

The purchase of 25 per cent of Maxi in Hamar gives Aurora exposure to an
attractive development project of strengthening an established shopping
destination.  The development of a residential project adjacent to the center
adds value to the Maxi purchase. The center is acquired together with
Utstillingsplassen Eiendom, Dolphin Eiendom and Rica Eiendom, and all parties
will have 25 % ownership each.

After these purchases, Aurora will fully own eight shopping centers in Norway
with a total gross asset value of more than NOK 8.8 billion. The eight centers
have a total gross lettable area close to 200,000 sqm and an annual footfall of
18.3 million (2021). The rest of the portfolio consists of Vinterbro Senter in
Ås municipality near Oslo, Amanda Storsenter in Haugesund, Nerstranda in Tromsø,
Farmandstredet in Tønsberg, Buskerud Storsenter close to Drammen and Nordbyen in
Larvik. Aurora will continue to invest in shopping centers with a number one
position in attractive locations and an exciting offering of shops and services.


Aurora also owns a 50 per cent share of a leading real estate management
company, Alti Forvaltning AS. Alti adds Gulskogen, Arkaden and Maxi to the
portfolio of centers under its management.

The purchase price in connection with the Acquisition will be financed by a mix
of debt and equity. 

Aurora has obtained commitment for debt financing from Danske Bank. Pangea
Property Partners AS acts as the buy-side advisors in the Acquisition. Ro
Sommernes advokatfirma DA acts as legal advisor and Storm Communications as
communications advisor to Aurora in connection with the Acquisition.   

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange notice
was published by Kathrine Mauset, CFO of Aurora Eiendom, on 22 June 2022 at
07:30 CEST.

For more information, please contact: 

Lars Ove Løseth, CEO +47 928 17 859, lars.ove.loeseth@alti.no 
Kathrine Mauset, CFO +47 46 44 84 11, kathrine.mauset@alti.no 

About Aurora: With shops and services easily accessible under one roof, shopping
centers improve and simplify peopleŽs lives. Shopping habits are changing, but
the need for people to meet and connect will always be there. 
ThatŽs why Aurora invests in leading shopping centers in attractive locations
with an exciting offering of shops and services. Our partly owned Alti
Forvaltning gives Aurora access to the best management team in the market.