Black Sea Property AS

AGM Information • Jun 4, 2020

Notice for ordinary general meeting

Notice for ordinary general meeting

The Board of Directors of Black Sea Property AS hereby calls for an ordinary general meeting to be held on 12 June 2020 at 14.00 CEST in the offices of Advokatfirmaet CLP DA, Sommerrogata 13-15, 0255 Oslo, Norway. The notice for the ordinary general meeting is attached to this stock exchange notice.

Due to the ongoing situation with spread of coronavirus, all shareholders are encouraged to submit a voting proxy in lieu of attending the general meeting in person. The general meeting will be conducted as short and concise as possible, and no presentation will be held for the 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.