Fredrikstad, 31 January 2024: Europris owns 20 per cent of Runsvengruppen AB. As
communicated in the notice from the company published 18 December 2023, the
tribunal ruled that Europris' option to acquire RuNor's shareholding in
Runsvengruppen had not expired. Europris has decided to exercise its option to
acquire ÖoB and the process to finalise the acquisition will now be initiated.

The preliminary option strike price of approximately NOK 211 million for the
remaining 80 per cent of the shares in Runsvengruppen will be settled with
treasury shares. The final purchase price will be based on an average of
Runsvengruppen's EBITDA for 2019 and 2020. The EBITDA for 2020 is not yet agreed
between the parties. Once EBITDA for 2020 is agreed or otherwise determined the
final purchase price will be settled.

ÖoB is one of the leading discount variety retailers in Sweden. The chain has
around 90 stores and an annual turnover of about SEK 4 billion. The ÖoB concept
is similar to that used by Europris, with a large product overlap - particularly
for non-food items. However, Europris' assessment is that ÖoB needs a turnaround
after several years of limited sales growth and weak profitability.

The group will provide the market with information on closing and when the final
purchase price has been settled. More information about operational plans for
ÖoB will be shared at a later stage.

For further inquiries, please contact:

CEO Espen Eldal, Europris, espen.eldal@europris.no, +47 48 29 24 24
CFO Stina Charlene Byre, Europris, stina.byre@europris.no, +47 41 10 58 08

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 17 and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock
exchange release was published by Trine Engløkken, Head of investor relations in
Europris ASA on the time and date set out in the notification.