Project Grid

Indicative process timeline (assuming positive feedback from soft testing)

December

January

February

March

November

October

Week

4041 424344454647484950 51 52 1 2 3 4 5 6 7 8 9 10 11 12 13

Preparation

Kick-off meeting

Collection of documents and preparation of VDR

Approval of investor long-list

Soft testing, preparation of investor short-list and approval

Preparation of sales material and approval

Marketing

Distribution and negotiation of NDAs

Distribution of sales material (subject to signing of NDA)

Investor dialogue, investor presentations and property tours

Deadline for indicative bids

Evaluation of indicative bids and selection of preferred investor

Negotiation of HoT and granting of exclusivity

Due diligence and negotiation

Due diligence

Negotiation of transaction documents

Colliers| Proposal for advisory services | 19

Signing of transaction documents

Closing (TBD)

Note:

= Process milestone

= Danish holiday period