Baltic Sea Properties — Capital/Financing Update 2021

May 19, 2021

Repayment of Mezzanine-loan from Ambolt Mezzanine Sub-Fund

Repayment of Mezzanine-loan from Ambolt Mezzanine Sub-Fund

Reference is made to the company’s Mezzanine financing arrangement with Ambolt Mezzanine Sub-Fund.

The company has repaid MNOK 26 (including interest accumulated during the first quarter 2021). The remaining principal loan amount after this payment is MNOK 14,2. The company has extended the maturity for the remaining loan (MNOK 14,2) for one year, with maturity on the 14th of May 2022.

The financing arrangement with Ambolt Mezzanine Sub-Fund enables the company flexible top financing for certain development projects, which is an important part of our financial toolbox to ensure continued growth in our project pipeline without raising capital from the shareholders.

For more information, please contact:

Lars Christian Berger

CEO

phone: +47 930 94 319

Lcb@balticsea.no

Baltic Sea Properties AS is a Norwegian real estate company focusing on

development and property management in the Baltics.

The company is one of the Baltics’ leading real estate investors and owns

approximately 130,000 m2 of Industrial, logistics & commercial projects in the

Baltics with a current expansion possibility for a further 100,000 m2 primarily

focused on industrial & logistics parks.

The information in this announcement is subject to disclosure requirements under

the EU Market Abuse Regulation and Euronext Growth listing rules.