On 2 August 2021, Castellum announced a recommended public offer to the shareholders of Kungsleden Aktiebolag ("Kungsleden") to acquire all shares in Kungsleden. An offer document was made public on 29 September and supplements to the offer document were made public on 7 October and 19 October, respectively.

The acceptance period for the Offer ended on 29 October 2021. Today, Castellum announces that:

The offer has, after the acceptance period that ended on 29 October 2021, been accepted by shareholders representing approximately 78.8 percent of the outstanding share capital and voting rights in Kungsleden.

The shares in Kungsleden tendered in the Offer at the end of the acceptance period, together with the shares in Kungsleden acquired by Castellum on the market, corresponds to approximately 88.7 per cent of the outstanding share capital and voting rights in Kungsleden.

Castellum has decided to extend the acceptance period for the Offer up to and including 9 November 2021 to allow remaining shareholders to accept the Offer.

The shares tendered in the Offer at the end of the acceptance period on 29 October 2021 amount to in aggregate 169,523,591 shares in Kungsleden, corresponding to approximately 78.8 percent of the outstanding share capital and voting rights in Kungsleden.

In addition, Castellum has acquired 21,300,000 shares in the market (at prices not exceeding the Offer price), corresponding to approximately 9.9 percent of the outstanding share capital and voting rights in Kungsleden. The shares in Kungsleden tendered in the Offer at the end of the acceptance period on 29 October 2021, together with the shares in Kungsleden acquired by Castellum on the market, amount to in aggregate 190,823,591 shares in Kungsleden corresponding to approximately 88.7 per cent of the outstanding share capital and voting rights in Kungsleden. Castellum does not hold any other financial instruments which give Castellum financial exposure equivalent to a shareholding in Kungsleden. Castellum may acquire shares in Kungsleden in the market during the extended acceptance period.

The mix & match facility offered by Castellum to the shareholders of Kungsleden in the Offer, whereby each of the Kungsleden shareholders, subject to certain restrictions, could elect to receive as much share consideration or as much cash consideration as possible for tendered Kungsleden shares, have been exercised by shareholders representing 85,795,745 shares in Kungsleden, corresponding to approximately 39.9 percent of the outstanding shares in Kungsleden. Shareholders of Kungsleden representing in total 66,549,726 shares have chosen to receive as much share consideration as possible and shareholders representing in total 19,246,019 shares have chosen to receive as much cash consideration as possible.

To provide the remaining shareholders of Kungsleden who have not tendered their shares time to accept the Offer, the acceptance period will be extended until 9 November 2021 at 15.00 (CET). For those shareholders in Kungsleden who accepted the Offer during the initial acceptance period, as well as those shareholders who accept the Offer during the extended acceptance period, settlement will be initiated as soon as Castellum has announced that the conditions for the Offer have been satisfied or Castellum otherwise decides to complete the Offer. Subject to such announcement being made no later than on or around 10 November 2021, settlement is expected to commence on or around 15 November 2021. Castellum reserves the right to further extend the acceptance period for the Offer and to postpone the settlement date.