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Regulatory press release

Olav Thon 1923 - 2024

Olav Thon Eiendomsselskap
It is with great sadness that we received the news on Saturday 16 November that
Olav Thon had passed away. Olav Thon lived to be 101 years old and was the
founder of Olav Thon Eiendomsselskap ASA.

Olav Thon stepped down as the company's chairman in 2023, but was still an
active board member of the company at the time of his death. Deputy member of
the company's board Stig O. Jacobsen has, after Thon's death, taken over as an
ordinary board member until the company's ordinary general meeting in May 2025.
Olav Thon is thanked for his invaluable efforts for Olav Thon Eiendomsselskap
since 1983, and peace be upon his memory.

For Olav Thon Eiendomsselskap ASA
Arne B. Sperre



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