Fredrikstad, 18 December 2023: Europris owns 20 per cent of Runsvengruppen AB.
There has been a disagreement as to the expiry of an option to acquire the
remaining 80 per cent. An arbitration procedure to decide i) whether the option
period had expired and ii) if the accountant's decision in September 2021 on the
2019 EBITDA was correct, was completed in September. The final award was handed
down today.

The arbitral tribunal decided in favour of Europris in the dispute with RuNor -
the company which owns the remaining 80 per cent of Runsvengruppen/ÖoB. The
tribunal decided that Europris' option to acquire RuNor's shareholding in
Runsvengruppen has not expired and can therefore still be exercised. The
tribunal also decided that Runsvengruppen's EBITDA for 2019, which will form the
basis for calculating the option strike price, shall be adjusted down to SEK
64.6 million. Europris was awarded NOK 11.4 million in costs.

An EBITDA of SEK 64.6 million provides for an option strike price of
approximately NOK 211 million for the remaining 80 per cent of the shares in
Runsvengruppen, reflecting NOK/SEK FX rate, net debt and normalised working
capital. If the option is exercised the option strike price will be settled in
shares in Europris, valued based on a volume weighted average prior to final
settlement. The final purchase price for the remaining 80 per cent of the shares
in Runsvengruppen will be based on an average of Runsvengruppen's EBITDA for
2019 and 2020. EBITDA for 2020 is not agreed between the parties. Once EBITDA
for 2020 is agreed or otherwise determined the final purchase price will be
settled.

Europris has looked forward to having this issue cleared and will now begin the
work to reach a decision on a possible exercise of the option.

For further inquiries, please contact:

CEO Espen Eldal, Europris, espen.eldal@europris.no, +47 48 29 24 24
CFO Stina Charlene Byre, Europris, stina.byre@europris.no, +47 41 10 58 08

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 17 and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock
exchange release was published by Trine Engløkken, Head of investor relations in
Europris ASA on the time and date set out in the notification.

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