Black Sea Property AS

Share Issue/Capital Change • May 30, 2021

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

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

Reference is made to the announcement by Black Sea Property AS on 30 May 2021 concerning a private placement with total gross proceeds of NOK 13 million and a contemplated subsequent repair offering (the "Repair Offering").

Date on which the terms of the Subsequent Offering was announced: 28 May 2021

Last day including right: 28 May 2021

First day excluding right: 31 May 2021

Record date: 1 June 2021

General meeting resolution date: On or about 25 June 2021

Maximum number of new shares: 1 666 667

Subscription price: NOK 3.00

Shall the rights be listed: No

Launch of the Repair Offering will be conditional upon approval of the Repair Offering by the general meeting of Black Sea Property AS

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