Baltic Sea Properties

Capital/Financing Update • Dec 30, 2022

Partial repayment of seller's credit

Partial repayment of seller's credit

Oslo, 30th December 2022. Baltic Sea Properties AS ("BALT" or "the Company", and together with the Company's subsidiaries, "BSP") refers to the stock exchange announcement on 23rd of May 2022 concerning the acquisition of Grandus Shopping center in Klaipeda, Lithuania from Baltic Equity Group etc. As part of the transaction, the sellers granted a seller’s credit of mEUR 4.0. Today the company has repaid mEUR 0.8 of the principal amount and mEUR 0.2 of accumulated interest. New outstanding seller's credit is mEUR 3.2.

The main shareholder in Baltic Equity Group UAB is the current chairman of the board and primary insider in Baltic Sea Properties, James Andrew Clarke.

For more information, please contact:

Lars Christian Berger

CEO

phone: +47 930 94 319

Lcb@balticsea.no

The information in this announcement is subject to disclosure requirements under the EU Market Abuse Regulation and Euronext Growth listing rules.

Baltic Sea Properties AS is a Norwegian real estate company focusing on development and property management in the Baltics. The company is among the Baltics’ leading real estate investors and developers – owning a portfolio of logistics, industrial and retail assets.

Company website: balticsea.no