OLAV THON EIENDOMSSELSKAP ASA NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.13 September 2022 Olav Thon Eiendomsselskap ASA (the "Company") has decided to initiate a share buyback program for up to 3,000,000 shares. The share buyback will be conducted as a reverse bookbuilding process in which shareholders can submit sale offers (the "Share Buyback"). The Company has engagedABG Sundal Collier ASA ("ABGSC" or the "Manager") as manager for the Share Buyback. The Share Buyback period commences Tuesday13 September 2022 at09:00 CEST and ends on Thursday15 September 2022 at16:30 CEST . The Company reserves the right to accept sale offers received after the end of the Share Buyback period, as well as to close or extend the Share Buyback period at any time and for any reason in its sole discretion without further notice. Sale offers and the respective limits are irrevocable and cannot be withdrawn or changed once received. For more information or to submit sale offers, please contactABG Sundal Collier ASA at phone: +47 22 01 60 11. In the event that the total number of received sale offers exceed 3,000,000 shares at or below the price accepted, the Company will perform a pro-rata reduction of sale offers. The Company and the Manager reserves the right to terminate the offer or make any amendments with regard to the volume or other terms of the offer. The buyback will be based on the authorisation provided by the Company's Annual General Meeting on19 May 2022 . The shares purchased through the Share Buyback may be used for prospective reductions of the share capital. . *** ForOlav Thon Eiendomsselskap ASA Arne B. Sperre E.V.P Finance Tel: + 47 926 97 622 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. *** The buyback and the distribution of this announcement and other information in connection therewith may be restricted by law in certain jurisdictions. The Company and the Manager do not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The buyback is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of,the United States of America , its territories and possessions, anyState of the United States and theDistrict of Columbia (the "United States ") or any other jurisdiction in which this would be unlawful. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or intothe United States and so doing may invalidate any purported sales offer.
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