Aker subsidiary becomes major shareholder in Public Property Invest

APG Invest AS, a wholly-owned subsidiary of Aker ASA, has completed a significant transaction in Public Property Invest ASA (PPI), coinciding with PPI's acquisition of a social infrastructure portfolio from Sämhallbyggnadsbolaget i Norden AB (SBB). This acquisition triples PPI's property portfolio to approximately NOK 53 billion, establishing it as Europe's largest listed social infrastructure real estate company.

The transaction involves APG Invest subscribing for class A shares in a private placement, acquiring non-voting class B shares from SBB, and exchanging class A for class B shares with SBB. Following these anticipated settlements on or about December 17, 2025, APG Invest will hold 137,487,381 ordinary class A-shares and 182,353,200 non-voting class B shares in PPI.

This stake represents an economic interest of approximately 33.32% and voting rights of approximately 23.28% in PPI. This calculation assumes the full subscription of PPI's subsequent offering of up to 15,217,391 new class A shares.