Nordika III Fastigheter AB (“Nordika”) invests SEK 175 million through a directed new share issue in listed residential company Amasten Fastighets AB (“Amasten”) or (“the Company”). The subscription price was set to SEK 4.20 which corresponds to a discount to 31% of NAV

The new equity strengthens the Company’s financial position and creates a foundation to capitalise on growth opportunities ahead. Amasten’s new management has launched an ambitious growth plan which will be fully supported by Nordika’s investment.

We have been following the transformation under the CEO, Jan-Erik Höjvall. Nordika recognises that the repositioning to a more residential focused company, with the aim to re-listing to Nasdaq Stockholm Mid Cap. It is a highly driven organisation and we have a strong belief that the company will succeed with its repositioning and growth plan“, says Jonas Grandér, CEO Nordika.

We welcome Nordika as a new investor in Amasten. It is good to expand the ownership base with an institutional and well-known investor such as Nordika. Nordika recognizes that the work we have initiated is the right way forward. With the additional capital, we will have a strong platform for further growth”, says Jan-Erik Höjvall, CEO Amasten.

Based on the closing share price as per the date of this press release, the discount amounts to approximately 17.0%. Through the directed new share issue, Nordika will become the largest owner in the company. Nordika intends to support and work together with the senior management on its growth journey as well as the repositioning of the Company.

Glimstedt has been an advisor to Amasten. Roschier, Nordanö and PWC acted as advisors to Nordika.

For additional information, please contact:

Jonas Grandér, CEO Nordika, Tel: +46 (0) 70-750 94 94, jg@nordika.se

Jan-Erik Höjvall, CEO Amasten, Tel: +46 (0) 70-553 80 04, janerik.hojvall@amasten.se