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, 4 December 2025
Reference is made to the stock exchange announcement made on 12 November 2025 by
Thon Gruppen AS (the "Offeror") for the Offeror to, subject to certain
conditions, launch a voluntary cash tender offer (the "Offer") for all issued
and outstanding shares (the "Shares") in Olav Thon Eiendomsselskap ASA (the
"Company"