Black Sea Property AS

Director's Dealing • Feb 1, 2021

BLACK SEA PROPERTY AS: PRIMARY INSIDER DISCLOSURE

BLACK SEA PROPERTY AS: PRIMARY INSIDER DISCLOSURE

Egil Melkevik, chairman and primary insider of Black Sea Property AS (the "Company") has on 01. Februar 2021 completed a transfer of shares in the Company to his children and sold shares to his brother.

The transfer takes place by MTB Invest AS transferring all of its shares in the Company to the company MOTEBE Holding AS, which is wholly owned by Melkevik's children, through a gift transaction. MTB Invest AS has previously been owned by Egil Melkevik (holding approximately 54.6% of the shares) and by Melkevik's brother (holding approximately 45.4 % of the shares). Egil Melkevik will still control the management of MTB Invest AS' ownership in the Company.

In addition, Egil Melkevik has sold 49,073 shares in the Company, which were previously held privately, to his brother at a price per share of NOK 3.50.

Following the abovementioned transactions, Egil Melkevik and closely related parties hold 300,311 shares in the Company.

This information is published in accordance with the obligations set out in Euronext Growth Oslo Rule Book II article 3.14.2.