Baltic Sea Properties

Major Shareholding Notification • May 4, 2021

Notification on completed transaction of shares in Baltic Sea Properties AS by UAB "Liepu Projektas"

Notification on completed transaction of shares in Baltic Sea Properties AS by UAB "Liepu Projektas"

Reference is made to Stock Exchange notice on the 22nd of March regarding UAB "LIEPU PROJEKTAS" (Buyer) - a company controlled by board member and primary insider James Andrew Clarke – entering into an agreement with BCP AS, Visgun AS, Emerging Europe Commercial Properties AS and Eruca AS (Sellers) for the Buyer's acquisition of in aggregate 1,779,721 shares in Baltic Sea Properties AS from the Sellers at a price per share of NOK 56.

The transaction has now been completed on 4th of May 2021.

After the completed transaction, UAB "LIEPU PROJEKTAS” holds 1,779,721 shares in Baltic Sea Properties AS equal to 26.61% of the outstanding shares.

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 focused on development and management of properties in the Baltics. The company is one of Baltic´s leading real estate investors and owns, developes and manages properties within the sectors of grocery retail, logistics and industrial. The company's portfolio currently consists of apx. 130,000 sq.m of commercial real estate.

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