Black Sea Property AS

Report Publication Announcement • Sep 28, 2022

BLACK SEA PROPERTY AS: HALF YEAR REPORT 2021

BLACK SEA PROPERTY AS: HALF YEAR REPORT 2021

Please find enclosed half year report 2022 for Black Sea Property A/S.

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 Gardens. Sunrise Gardens Resort is a partially-completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space. Black Sea Property AS owns indirectly 75% of the project. Black Sea Property AS will work to finalize Sunrise Gardens Resort, to realize the project's added value through the sale of residential units and hotel operations.