Black Sea Property AS

AGM Information • Sep 16, 2024

BLACK SEA PROPERTY AS: EXTRAORDINARY GENERAL MEETING COMPLETED

BLACK SEA PROPERTY AS: EXTRAORDINARY GENERAL MEETING COMPLETED

Reference is made to the stock exchange notice on 2 September 2024 regarding the notice for a general meeting in Black Sea Property AS (the "Company") to discuss a proposal for a contemplated partly underwritten rights issue in the Company (the "Rights Issue"). Further information about the Rights Issue is available in the notice for the general meeting and in the stock exchange notices from the Company dated 2 September 2024 and 3 September 2024.

The Company has today completed the extraordinary general meeting. All resolutions were passed in accordance with the proposals from the Board. Please find attached the signed minutes of the extraordinary general meeting.

For further information, please contact:

Egil Melkevik, Chairman

Tel: +47 90 77 09 76

E-mail: em@ms-solutions.no

About Black Sea Property AS:

Black Sea Property AS is a real estate company with holdings in a real estate project on the Black Sea coast called Sunrise River Beach Resort. Sunrise River Beach Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space. Black Sea Property AS has indirect ownership to the project and will work to finalize Sunrise River Beach Resort, to realize the project's added value through the sale of residential units and hotel operations.