Market announcement

Hepsor AS

LEI code

254900NNCQC3L9WR9P45

Size of the entity

Medium group

Economic activities

Professional, Scientific and Technical Activities

Industry sector(s)

Alternative Investment Fund Manager

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

9225

Submission date and time

15.12.2021 17:44:42

Content of announcement in Estonian

Title

Hepsor ASi tütarettevõte ostis Lätis kinnisvaraarendusprojekti

Message

Hepsor ASi tütarettevõte Hepsor Latvia OÜ allkirjastas 15. detsembril 2021 ostu-
müügilepingu,  millega omandas  100%-lise osaluse  Läti ettevõttes  Brofits SIA.
Tehingu  hinda osapooled  ei avalikusta.  Omandatud ettevõttele  kuulub kinnistu
suurusega  14 861 m(2) aadressil Braila 23, Riia linnas. Vastavalt planeeringule
võib  kinnistule rajada ligikaudu 100 korterit  ning projekt valmib eeldatavasti
2024. aastal.

Lisainfo:

Hepsoril  on Lätis  ehituses kolm  arendusprojekti. 2022. aasta  esimeses pooles
valmib  Riias Balozu 9 elukondlik arendusprojekt, mille kõik 18 korterit on juba
müüdud.   2021. aasta   kolmandas  kvartalis  alustati  Riias  Kuldigas  45 kahe
kortermaja ehitust, milles on kokku 116 korterit. Riias Ulbrokas 30 asuva stock-
office  ehitus algas 2021. aasta teises pooles ja eeldatav valmimisaeg on 2022.
aasta  neljandas  kvartalis.  Rendilepingutega  on kaetud 72% renditavast 3 645
ruutmeetrist.

Anneli Simm
Investorsuhete juht
Telefon: +372 5615 7170
e-post: [email protected] (mailto:[email protected])

Hepsor AS (www.hepsor.ee (http://www.hepsor.ee)) on üks kiiremini kasvavaid elu-
ja  ärikondliku  kinnisvara  arendajaid  Eestis  ja Lätis. Kümne tegutsemisaasta
jooksul  oleme loonud  üle 1300 kodu  ja 15 000 m2  äripinna. Hepsor  on esimese
arendajana  Balti  riikides  rakendanud  mitmeid  uuenduslikke insener-tehnilisi
lahendusi,  mis  muudavad  ettevõtte  rajatavad  hooned  energiasäästlikumaks ja
seeläbi keskkonnasõbralikumaks. Ettevõtte portfellis on kokku 23 arendusprojekti
kogupindalaga 146 000 m(2).

Content of announcement in English

Title

Subsidiary of Hepsor AS to acquire a property development project in Latvia

Message

Hepsor  Latvia OÜ, as subsidiary of Hepsor AS, signed a sales-purchase agreement
on  15 December 2021 to acquire 100% shares of  Latvian company Brofits SIA. The
parties  have  decided  not  to  disclose  the  transaction price.  The acquired
company owns a real estate of 14,861 m(2) at Braila 23, City of Riga. The zoning
allows  construction of  up to  100 apartments. The  expected completion  of the
project is in 2024.

Additional information:

Hepsor  has currently three  development projects under  construction in Latvia.
The  completion of Balozu  9 residential development project  is expected in the
first  half  of  2022. All  18 apartment  have  already  been sold. In the third
quarter of 2021 the construction of two residential buildings for 116 apartments
started  at Kuldigas 45, Riga. In addition,  the construction of stock-office at
Ulbrokas 30, Riga started in the second half of 2021 with expected completion in
the  fourth quarter 2022. Out of 3,645 sqm  72% of leasable area is covered with
lease agreements.

Anneli Simm
Head of Investor Relations
Phone: +372 5615 7170
e-mail: [email protected]

Hepsor AS (www.hepsor.ee) is one of the fastest growing residential and
commercial real estate developers in Estonia and Latvia. Over the last ten years
Hepsor has developed more than 1,300 homes and 15,000 m2 of commercial space.
Hepsor has been the first real estate developer in the Baltic States to
implement a number of innovative engineering solutions that make the buildings
we construct more energy-efficient and thus more environmentally friendly. The
company's portfolio is comprised of 23 development projects with a total
sellable space of 146,000 m(2).