Aurora Eiendom AS announced a private placement of NOK 530 - 650 million in new 6,989,247 ordinary shares at a price of NOK 93 per share on June 22, 2022. Certain investors have pre-committed to subscribe for new Shares in the transaction in an amount exceeding NOK 530 million of which investment companies managed by company's board of Ddrectors, including Strawberry Shopping AS, Eiendomsspar AS, Joh Johannson Eiendom AS, Varner Invest AS and Alti Invest AS, represents NOK 408 million. Completion of the transaction is subject to the purchase agreement pertaining to the acquisition not having been terminated or otherwise having become void, the corporate resolutions of company required to implement the private placement, including, but not limited to, the approval by the company's board of directors and allocation of the new shares; and the share capital increase pertaining to the issuance of the allocated new shares being validly registered with the Norwegian Register of Business Enterprises and the allocated new shares being validly issued and registered in VPS.

There can be no assurance that these conditions will be satisfied. If the conditions are not satisfied, the Private Placement may be revoked or suspended without any compensation to applicants. The transaction will be directed towards selected Norwegian and international investors outside the United States in reliance on Regulation S under the U.S, Securities Act of 1933.