Nyfosa AB: Nyfosa explores the conditions for carrying out a directed share issue

Nyfosa AB ("Nyfosa" or the "Company") has appointed Nordea Bank Abp, filial i Sverige ("Nordea") and Swedbank AB (publ) ("Swedbank") as Joint Global Coordinators and Joint Bookrunners (together, the "Managers") to explore the conditions for carrying out a directed share issue to Swedish and international institutional investors of approximately SEK 750 million (the "Directed Issue") through an accelerated book building procedure.

The book building procedure will start immediately following this announcement. The Directed Issue is, among other things, subject to resolution by the Board of Directors, based on the authorisation granted by the Annual General Meeting on April 21, 2021. The timing for closing of the book building, alongside pricing and allocation of the new shares, is at the discretion of the Board of Directors and is expected to take place before the beginning of trading on Nasdaq Stockholm at 09.00 CEST on June 10, 2021. The Board of Directors can at any moment decide to terminate the book building and refrain from conducting the Directed Issue. The Company will announce the outcome of the Directed Issue in a press release following the closing of the book building.

Nyfosa is actively participating on the Swedish and Finnish property transaction market and expects further business opportunities ahead. Nyfosa intends to use the proceeds from the Directed Issue to maintain the Company's stable capital structure and create financial readiness for new business opportunities. The reason for deviating from the pre-emptive rights of existing shareholders is to complete an equity raise in a time and cost efficient manner, thereby enabling the Company to continue acting swiftly on new business opportunities according to its strategy as a growth oriented, transaction-based and opportunistic property company. Additionally, the Directed Issue is an opportunity to further diversify the Company's shareholder base with Swedish and international institutional investors.

In connection with the Directed Issue, the Company has undertaken to the Managers not to issue any shares or other share related securities during a lock-up period of 75 days. The lock-up is subject to certain exceptions, including the right for the Company to issue shares in connection with corporate acquisitions.