Black Sea Property AS

Director's Dealing • Sep 28, 2016

Black Sea Property AS: Mandatory notification of trades

Black Sea Property AS: Mandatory notification of trades

MTB Invest AS, a shareholder in Black Sea Property AS

("Company"), have on the 27th September 2016

respectively sold 198,330 shares in the Company to

Egil Melkevik, board member and 162,270 shares to

Johannes Melkevik, a close related party to Egil

Melkevik, to a price of NOK 3 per share. MTB Invest AS

is 55% owned by board member Egil Melkevik and 45%

owned by Johannes Melkevik and the shares transferred

according to the ownership distribution in MTB Invest

AS.

MTB Invest AS and Egil Melkevik himself is regarded as

primary insiders in the Company, the trade is, thus,

notifiable under the Norwegian Securities Trading Act

section 4-2.

After this, MTB Invest AS will own no shares in the

Company, while Egil Melkevik personally will own

198,330 shares in the Company, corresponding to

approximately 0.66% of the Company.

This information is subject of the disclosure

requirements pursuant to the Continuing Obligations

for companies admitted to trading at Merkur Market.