Exercise of share options against cash settlements

(Oslo, Norway, December 17, 2021) Primary insider Kjetil Sømhovd, has today exercised all his 15,000 options, to a strike price of NOK 37,4. Following the exercise, Hagen holds none shares in the Company. The exercise of share options in return for cash settlement is made in accordance with an option agreement entered with Solon Eiendom ASA (the "Company"). The options exercised will be settled by cash payment of the value of the options. Shares in the company will therefore not be issued in connection with the current exercise of options. The amount paid per exercised option is the difference between NOK 43.80 (average closing price in the period 23 to 29 November 2021) and the agreed redemption price of NOK 37.4, multiplied by the number of share options exercised. For further information please see the attached forms or contact Finn Øistein Nordam, CFO, telephone +47 982 89 382, e-mail fon@soloneiendom.no. This information is subject to the disclosure requirements in section 5-12 of the Norwegian Securities Trading Act. About the company: Solon Eiendom ASA is a residential property developer that focuses on the Greater Oslo region, other larger cities in Norway and the Stockholm region in Sweden.