Agasti Holding ASA – Transaction with Blackstone is completed

• Blackstone's acquisition of 34% of Agasti's operational activites is completed

• Obligo BX Holding established

• Extraordinary dividend of approximately 73 øre per share contemplated

As previously announced, an affiliate of Blackstone (Blackstone) has entered into an agreement to acquire 34 percent of Agasti’s operational activities. The transaction is carried out by Agasti Holding ASA (Agasti) transferring all the companies that make up the operational activities to the recently established subsidiary Obligo BX Holding AS (Obligo BX), of which Blackstone will acquire 34 percent. Agasti will own the remaining 66 percent in Obligo BX. The transaction was finally closed on 20 October 2015. Obligo BX’s ambition is to build a leading position in the Nordic real estate market.

The Board of Directors in Agasti Holding ASA will later this fall summon an extraordinary general meeting and propose that the purchase price after deducting expenses associated with the wind-down of Agasti’s remaining activities, is paid to Agasti’s shareholders as dividend. The dividend is expected to be approximately NOK 0.73 per share. Payment is expected to take place before 31.12. 2015.

Contact details:
CEO, Jørgen Pleym Ulvness, phone (+47) 906 67 877
CFO, Christian Dovland, phone (+47) 908 84 730
CCO, Tor Arne Olsen, phone (+47) 900 90 470

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.