Black Sea Property AS

Share Issue/Capital Change • Sep 26, 2025

BLACK SEA PROPERTY AS: EX. RIGHT TO PARTICIPATE IN RIGHTS ISSUE TODAY

BLACK SEA PROPERTY AS: EX. RIGHT TO PARTICIPATE IN RIGHTS ISSUE TODAY

Reference is made to the announcement by Black Sea Property AS (the "Company") concerning, inter alia, the resolution by the general meeting to approve the share capital increase pertaining to a rights issue to raise gross proceeds of up to NOK 10 million (the "Rights Issue"). The shares of the Company are trading exclusive of the right to participate in the Rights Issue as of today.

The shareholders of the Company as of 25 September 2025 (as registered in the VPS as of the end of 29 September 20255, the "Record Date") will be granted subscription rights to participate in the Rights Issue.

Issuer: Black Sea Property AS

Ex. Date: 26 September 2025

Type of corporate event: Rights Issue

Other information: Please see above.

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 River Beach Resort. Sunrise River Beach Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space. Black Sea Property AS has indirect ownership to the project and will work to finalize Sunrise River Beach Resort, to realize the project's added value through the sale of residential units and hotel operations.