Black Sea Property AS

AGM Information • Apr 30, 2021

BLACK SEA PROPERTY AS – COMPLETED EXTRAORDINARY GENERAL MEETING

BLACK SEA PROPERTY AS – COMPLETED EXTRAORDINARY GENERAL MEETING

Black Sea Property AS has today completed an extraordinary general meeting.

All resolutions were passed in accordance with the proposals set out in the notice for the extraordinary general meeting. 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 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.