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Regulatory press release

OLT: INTENTION TO LAUNCH VOLUNTARY CASH OFFER OF NOK 335 PER SHARE TO THE SHAREHOLDERS OF OLAV THON EIENDOMSSELSKAP ASA

Olav Thon Eiendomsselskap
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN,
HONG KONG, SOUTH KOREA, OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

Oslo, 12 November 2025.

The board of directors of Thon Gruppen AS (the "Offeror") today announces that,
subject to certain conditions, they intend to launch a voluntary cash tender
offer (the "Offer") to acquire all issued and outstanding shares (the "Shares")
of Olav Thon Eiendomsselskap ASA ("Company"
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