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Black Sea Property AS

Report Publication Announcement Sep 28, 2018

3559_rns_2018-09-28_52fe29a1-c036-4e8e-80cb-aa2e3b811eda.html

Report Publication Announcement

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BLACK SEA PROPERTY AS: HALF YEAR REPORT 2018

BLACK SEA PROPERTY AS: HALF YEAR REPORT 2018

Please find enclosed half year report 2018 for Black Sea Property A/S. For further information please contact:

Egil Melkevik, Chairman

Tel: +47 90 77 09 76

E-mail: [email protected]

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 Aheloy Beach Resort. Aheloy Beach Resort is a partially-completed project and will upon completion comprise over 1,000 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 Aheloy Beach Resort, to realize the project's added value through the sale of residential units and hotel operations.

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