NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINSTRATIVE REGION OF
THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED
STATES OR INTO ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
TO BUY, SELL OR SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN.

7 February 2022: Aurora Eiendom AS (the "Company" or "AURA") refers to the
separate release in connection with the acquisition of Buskerud Storsenter in
Krokstadelva. 

The Company has engaged DNB Markets, a part of DNB Bank ASA, and SpareBank 1
Markets AS, as joint lead managers (together, the "Managers") to advise on and
effect a contemplated private placement of up to 3,960,396 new ordinary shares
in the Company (the "New Shares") to raise gross proceeds of up to approx. NOK
400 million (the "Private Placement"), to be directed towards existing
shareholders of the Company, in each case, subject to and in compliance with
applicable exemptions from relevant prospectus or registration requirements. 

The Private Placement is fully pre-committed by the existing shareholders. The
existing shareholders Eiendomsspar AS, Joh Johannson Eiendom AS, Alti Invest AS,
Strawberry Shopping AS and Varner Invest AS, have pre-committed to apply for at
least their pro rata ownership stakes in the Company, equivalent to total gross
proceeds of at least ~NOK 217 million.

The net proceeds of the Private Placement will be used to party finance the
Company's contemplated acquisition of Buskerud Storsenter, in line with the
Company's strategy for expansion, as well as for general corporate purposes. 
The subscription price per Offer Share in the Private Placement is NOK 101 (the
"Offer Price"), which is equivalent to the closing trading price of the
Company's shares on Euronext Growth Oslo as of today, 7 February 2022. 
The application period in the Private Placement will commence today, on 7
February 2022 at 16:30 CET and close on 9 February 2022 at 08:00 CET. The
Managers and the Company may, however, at any time resolve to close or extend
the application period or cancel the Private Placement on short or without
notice and consequently, the Company may refrain from completing the Private
Placement. If the application period is shortened or extended, any other dates
referred to herein may be amended accordingly. 

The minimum application and allocation amount has been set to the NOK equivalent
of EUR 100,000 per investor. The Company may, however, at its sole discretion,
allocate an amount below EUR 100,000 to the extent applicable exemptions from
the prospectus requirements pursuant to the Norwegian Securities Trading Act and
ancillary regulations are available. Further selling restrictions and
transaction terms will apply.

Allocation of Offer Shares will be determined at the end of the application
period by the Board in consultation with the Managers, at its sole discretion,
subject to approval by the Company's extraordinary general meeting scheduled to
be held on or about 18 February 2022 (the "EGM"). Applicants will be allocated
New Shares based on their existing ownership in the Company (subject to
applicable minimum allocations). If all of the New Shares are not allocated in
accordance with said principle, New Shares will be allocated to applicants based
on customary allocation principles such as (but not limited to):
pre-commitments, timeliness of the application, relative order size, sector
knowledge, investment history, perceived investor quality and investment
horizon. 

Completion of the Private Placement is subject to (i) the purchase agreement
pertaining to the acquisition of Buskerud Storsenter having been entered into
and not having been terminated or otherwise having become void, (ii) the
corporate resolutions of the Company required to implement the Private
Placement, including, but not limited to, the approval by the Board and the EGM
of the Private Placement and allocation of the New Shares