9 April 2026

Feut AS (“Feut”) has on 9 April 2026 successfully completed a sale of 500,000 shares in Cityvarasto plc (“Cityvarasto”, or the “Company”), equal to approximately 6.3% of the total shares outstanding in the Company excluding shares held by the Company (the “Placement”). The Placement was priced at EUR 16.00 per share. The Company will not receive any proceeds from the Placement.

The Placement was directed to a selected group of Finnish, Nordic and international institutional investors.

Following the Placement, Feut holds 584,403 shares in Cityvarasto, equating to 7.3% of the Company’s total shares outstanding excluding shares held by the Company.

In connection with the Placement, Feut has agreed to a 90-day lock-up period with respect to sale of the remaining shares of the Company, subject to certain customary exceptions.

Skandinaviska Enskilda Banken AB (publ), Helsinki branch, is acting as Sole Bookrunner in connection with the Placement.

Important information

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in the Company in any jurisdiction, neither from the Company nor from someone else.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein are only being offered outside the United States to non-U.S. persons as defined in and pursuant to Regulation S under the US Securities Act of 1933, as amended (the "Securities Act") and may not be sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.