Sale of a subsidiary of EfTEN Real Estate Fund AS in Latvia

Core Viewpoint - EfTEN Real Estate Fund AS is selling the DSV logistics property in Riga for EUR 500,000 above its balance sheet value, indicating a positive valuation trend for the property [1] Group 1: Transaction Details - The transaction involves a share deal for the 100% subsidiary EfTEN Krustpils SIA, which owns and manages the DSV logistics property located at Krustpils 31 in Riga [1] - The sale price of the property is set at EUR 9.0 million, while its previous balance sheet value was EUR 8.5 million, reflecting a EUR 500,000 increase [1] - The transaction is expected to be completed in the first quarter of 2026, subject to standard closing conditions [1] Group 2: Financial Implications - Following the transaction, the fund's total assets will decrease by EUR 9.0 million, and bank borrowings will reduce by EUR 3.3 million [1] - The net proceeds from the transaction are estimated to be approximately EUR 5.6 million, which will be utilized for future investments by the fund [1] Group 3: Regulatory and Governance Aspects - The transaction is not deemed significant under the NASDAQ Tallinn Stock Exchange regulations, indicating it does not require extensive disclosure [2] - There are no personal interests from the members of the fund's Management and Supervisory Board regarding this transaction [2]