Page 1

The Offer is not being made , and this press release may not be distributed , directly or indirectly , in or into , nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer , the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents , filings or other measures in addition to those required under Swedish law . For further information , please see the section " Important information " below . PRESS RELEASE 2021-05-12 Corem publishes offer document regarding the public offer to the shareholders in Klövern On 29 March 2021 , Corem Property Group AB ( publ ) ( " Corem " ) announced a public offer to the shareholders of Klövern AB ( publ ) ( " Klövern " ) to acquire all outstanding ordinary shares of class A , ordinary shares of class B and preference shares in Klövern in exchange for newly issued shares in Corem , which was adjusted regarding the ordinary shares of class B in Klövern by way of press release on 19 April 2021 ( the " Offer " ) . The offer document regarding the Offer has today been approved and registered by the Swedish Financial Supervisory Authority ( " SFSA " ) . The offer document and acceptance form are available on Corem's website ( www.corem.se ) and will be made available on Swedbank's website ( www.swedbank.se/prospekt ) . The offer document will also be made available on SFSA's website ( www.fi.se ) . The acceptance period for the Offer begins on 14 May 2021 and ends on 11 June 2021. The outcome of the Offer will be announced by way of press release on 14 June 2021 . Payment of the consideration is expected to begin around 17 June 2021. Payment of the consideration will begin as soon as Corem has announced that the conditions for the Offer are satisfied or otherwise have decided to complete the Offer . Corem reserves the right to extend the acceptance period , and to postpone payment of the consideration . Notice of any such extension or postponement will be published by Corem by way of press release . The Offer is conditional upon , among other things , Corem obtaining , with respect to the Offer and the acquisition of Klövern , all necessary regulatory , governmental or similar clearances , approvals and decisions , including approvals from the Swedish Competition Authority , in each case on terms which are acceptable . As previously communicated by Corem , the Swedish Competition announced its decision , on 28 April 2021 , to clear the acquisition and merger without action . Corem hereby declares that the above - mentioned condition for the completion of the Offer is fulfilled . FOR FURTHER INFORMATION , PLEASE CONTACT : Patrik Essehorn , Chairman of Corem , Telephone : +46 ( 0 ) 708 82 83 75 . Corem Property Group AB ( publ ) Address : PO Box 56085 , SE - 102 17 Stockholm , Reg.no. 556463-9440 , Telephone : +46 ( 0 ) 8-503 853 33 , e - mail : info@corem.se This information is such information that Corem Property Group AB ( publ ) is obliged to make public pursuant to the Takeover Rules . The information was submitted for publication , through the agency of the contact person set out above , at 16.45 a.m CET on 12 May 2021 . This press release is in all respects a translation of the Swedish original press release . In the event of any differences between this translation and the Swedish original , the latter shall prevail . Corem Property Group AB ( publ ) is a real estate company that owns , manages and develops logistic properties in Sweden and in Denmark . Corem's overall aim is to be the leading real estate company in its segment , in combination with providing a high and stable return on equity for its shareholders . Corem's shares are listed on Nasdaq Stockholm , Mid Cap . 1