Setterwalls has advised Balder in connection with the distribution of Balder’s holding in Norion Bank corresponding to approximately SEK 5 billion

As part of the work to simplify and streamline Balder’s operations, the board resolved to propose that the shareholders distribute Balder’s entire holding in Norion Bank AB to the shareholders. The distribution was resolved as a distribution in kind at Balder’s annual general meeting on 8 May 2026. As per the day of the annual general meeting, the distribution corresponded to a value of approximately SEK 5 billion. Each share in Balder entitled to 0.0769 shares in Norion Bank AB.

Fastighets AB Balder is a listed property group that owns, manages and develops properties in Sweden, Denmark, Finland, Norway, Germany and the UK. As of 31 December 2025, the property value amounted to SEK 229 billion. Balder’s class B shares are listed on Nasdaq Stockholm, Large Cap.