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, 18 December 2025
Reference is made to the offer document dated 3 December 2025 (the "Offer
Document") for the voluntary cash tender offer (the "Offer") by Thon Gruppen AS
(the "Offeror") for all issued and outstanding shares (the "Shares") in Olav
Thon Eiendomsselskap ASA (the "Company"