Neinor Homes receives CNMV authorisation to launch the mandatory tender offer for 100% of AEDAS’s share capital at €24.00 per share

Madrid, 28 January, 2026 – Neinor Homes (“Neinor”), Spain’s leading listed residential developer, announces that the Spanish Securities Market Commission (CNMV) has authorised the launch of the mandatory tender offer (MTO) for the remaining shares of AEDAS Homes (“AEDAS”) at the previously communicated price of €24.00 per share.

This mandatory tender offer follows the successful completion of the voluntary tender offer, through which Neinor acquired a 79.20% controlling stake in AEDAS in December 2025, fulfilling the central milestone of the acquisition roadmap communicated to the market.

The €24.00 per share offer price, which has the consideration of an equitable price, represents a 12.5% premium over the €21.335 per share price paid in the voluntary offer.

The acceptance period will run from 30 January to 27 February, both dates inclusive. Settlement of the transaction is expected to take place shortly after the end of the acceptance period, subject to the terms and conditions set out in the offer documentation.

This mandatory tender offer represents the final step in the acquisition process of AEDAS, allowing the remaining minority shareholders to tender their shares and receive a price that has the consideration of an equitable price for the purposes of the applicable tender offer regulations.

Borja García-Egotxeaga, CEO of Neinor Homes, commented: “This mandatory tender offer is being launched in line with the roadmap we communicated to the market and in accordance with the terms approved by the CNMV. Following the acquisition of control, this step ensures full compliance with all applicable regulatory requirements.”

Jordi Argemí, Deputy CEO and CFO of Neinor Homes, added: “This milestone allows us to move forward on the transaction process and focus on managing Spain’s leading residential development platform, while continuing to pursue disciplined growth in line with our strategy.”