Market announcement

Title

Liven AS – Acquisition of a new development property in Berlin, Germany

Message

Liven AS group's (Liven) wholly owned subsidiary Liven P19 GmbH has entered into
a notarised agreement to acquire a property in Germany, in the Steglitz district
of Berlin, at Plantagenstraße 19.

The monetary value of the transaction is EUR 1.7 million, while the estimated
total investment volume of the project exceeds EUR 11 million. Although
completion of the property acquisition is subject to the fulfilment of
contractual preconditions by the seller and is expected to take place during the
current year, Liven will immediately obtain the rights to begin planning and
preparing the development of the building.

The current vacant building is planned to be replaced by a five-storey
residential building facing the street and a three-storey courtyard building. In
total, more than 20 new homes are planned, with a planned sellable area
exceeding 1,600 m². Demolition of the existing building and the start of
construction works for the new buildings are planned for 2027, with completion
of the buildings expected by the end of 2028.

The planned functional, energy-efficient homes located in a quiet area, with a
secure inner courtyard and compliant with the KfW40 standard and Liven's green
financing terms, are primarily aimed at local families with children and
homebuyers moving from larger private houses to more convenient apartments.

"The acquisition of the Plantagenstraße 19 property is Liven's first step
following the recently completed share issue and Liven's second step in the
Berlin market. Carrying out a new development of a similar scale to our first
pilot project, the Wohngarten development to be completed in 2027, enables us to
apply what we have learned so far, execute the project in line with Liven's
usual profitability target, and support the achievement of Liven's target of
return on equity exceeding 20%," commented Andero Laur, Chairman of the
Management Board of Liven. "Following the investment, the Berlin market will
still account for only a marginal share of Liven's development portfolio, and
the project will not have a significant impact on the group's financial results
for 2026 and 2027. At the same time, the project will support Liven's results in
2028 and 2029, help increase the share of foreign markets, and enable the
recently raised capital to be put to efficient use."


Joonas Joost
CFO, Liven AS
E-mail: [email protected]