Black Sea Property AS

Share Issue/Capital Change • Mar 14, 2023

Black Sea Property AS: Key information relating to the Subsequent Offering

Black Sea Property AS: Key information relating to the Subsequent Offering

Reference is made to the announcement by Black Sea Property AS on 14 March 2023 concerning a private placement with total gross proceeds of NOK 8,168,000 and a contemplated subsequent offering (the "Subsequent Offering").

Date on which the terms of the Subsequent Offering was announced: 14 March 2023

Last day including right: 14 March 2023

First day excluding right: 15 March 2023

Record date: 16 March 2023

General meeting resolution date: On or about 27 March 2023

Maximum number of new shares: 17,080,000

Subscription price: NOK 0.40

Shall the rights be listed: No

Launch of the Subsequent Offering will be conditional upon approval of the Subsequent Offering by the general meeting of Black Sea Property AS and registration and publication of a national prospectus prior to the start of the subscription period in the Subsequent Offering.

Further information about the Subsequent Offering will be given in due course.

This information is published in accordance with the requirements of the Continuing Obligations.