Thon Gruppen extends offer, secures over 90% Olav Thon shares

Thon Gruppen AS has extended the acceptance period for its voluntary cash tender offer to acquire all outstanding shares of Olav Thon Eiendomsselskap ASA, priced at NOK 335 per share. The new deadline is January 5, 2026, at 16:30 CET, with potential for further extensions up to February 12, 2026. This extension, approved by the Norwegian Financial Supervisory Authority, aims to verify received acceptances and provide additional opportunity for shareholders to participate.

As of December 18, 2025, Thon Gruppen has received acceptances for over 90% of Olav Thon Eiendomsselskap ASA's shares on a non-diluted basis, subject to verification. A further update on acceptance status is anticipated by 09:00 CET on December 19, 2025.

The closing condition related to Regulatory Approvals has been met. Consequently, settlement of the offer is scheduled to occur no later than January 21, 2026, provided that the remaining closing conditions outlined in the offer document continue to be satisfied or are waived by the Offeror. All other terms and conditions of the offer remain unchanged.