Baltic Sea Properties

Quarterly Report • May 20, 2022

About us

The company is among the Baltics' leading real estate investors and developers – owning a portfolio of logistics, industrial and retail assets. In the first quarter of 2022 the portfolio generated a total rent income of apx. MEUR 1.59.

In addition to refining the current portfolio Baltic Sea Properties has ambitions to strenghten the portfolio with new cash flow and development projects which will increase shareholder values and the company's dividend capacity.

The property management is conducted through fully-owned subsidiaries by a professional management team with deep knowledge of the Baltic real estate market.

Contents

About us	2
Highlights	6
Key figures	8
Financials Profit & loss statement Balance sheet Financing Earnings & Net Asset Value	14 15 16 17 18
Property portfolio Tenant mix Presentation of our properties Land bank	20 21 22 30
Contact Our team	32 33
Euronext Growth Oslo	35

Disclaimer:

This report has been prepared by Baltic Sea Properties AS in good faith and to our best ability with the purpose to give the company's shareholders updated information about the company's operations and status. This document must not be understood as an offer or encouragement to invest in the company. The financial figures presented are unadited and may thus include discrepancies. Baltic Sea Properties AS further makes reservations that errors may have occurred in its calculations of key figures or in the development of the report which may contribute to an inaccurate impression of the company's status and/or operations. The report also includes descriptions and comments which are based on subjective assumptions and considerations, and thus must not be understood as a guarantee of future events or future profits.

Key characteristics

Our development approach

5

Highlights

Q1 report 2022

Still on track

We have continued the work to increase our project pipeline and remain positive to the unrealised potential in increasing the scale of our operations going forward. All in all, our Q1 financial results are strong. Quarteron-quarter, our income from property management in Q1 2022 increased to a level of MEUR 0.88 (MEUR 0.47) while our NAV strengthened by 2.65 % since 31.12.2021.

We have a clear strategy for sustainable growth, ambitions to achieve economy of scale and believe the attractive yield spread to the Nordics will still enable both high cash yield return and value growth potential.

Q1 key event summary

• The expansion project for one of our key clients, Delamode, is going according to plan. The expansion of apx. 4,800 m2 will give our client increased capacity to further grow its business. In addition to the expansion, we have also increased our development land surrounding the terminal, ensuring further expansion opportunities for Delamode. Expected handover is during Q3 and upon completion the total size of the terminal will be apx. 13,200 m2 . Delamode has agreed to renew the lease agreement with a new 12.5-year lease term.
• The development projects for DPD are also well on their way and going according to plan. We are expecting handover during Q3 2022 and the total size of these terminals in two regional cities in Lithuania will be apx. 4.000 m2 . The lease length is 15 years for both terminals.
• Our client Oribalt requested an expansion of their existing Vilnius terminal during first quarter. We

Expansion project | Visualisation of Oribalt terminal after expansion

have already started working with full speed and is currently in designing stage of the apx. 2.800 m2 expansion project. Expected handover is during Q3 2023. Upon completion, the total size of the terminal will be apx. 9.600 m2 .

• In March, we announced that we had entered a LOI to acquire the neighbourhood shopping center Grandus (apx. 11,400 m2 ) in Klaipėda and we are currently looking to close the transaction within a short time. The transaction will increase our scale and its relative high transaction yield encompasses a good and stable cash flow.
• The war in Ukraine has created uncertainty on timing of certain project developments. We have however limited indirect exposure for our income, although there is downside risk for one client. During first quarter, we have been focused on maintaining close contact with our clients to identify future challenges at an early stage. Furthermore, we have a superb team, a strong development and investment pipeline with quality projects, supporting risk diversification and our continued growth ambitions.

Company	2022 Jan - Mar	2021 Jan - Mar
Rental income (mEUR)	1.59	1.41
Income From Property Management (IFPM) (mEUR)	0.88	0.47
Return on Equity inc. dividend (NAV)*	2.65%	0.50%
Investment properties value incl. booked cost on development projects (EUR)	76.42	63.79
Loan to Value investment portfolio (LTV)	52.5 %	66.2 %

* There are no updated valuations of development projects or investment assets in our NAV calculation per 31.03.2022 as valuators confirmed that the war in Ukraine does not affect their current estimates.

Delamode terminal | Highway A1, near Vilnius

Key figures Q1 2022

• Key figures properties
• Key figures group
• Net Asset Value

Please note:

• The figures in this report are unaudited.

Properties

Rent roll

Contracted rent roll 2022
Company	Segment	Tenant	Budget rent (EUR)	Property NOI*	% income	GLA (m2 )	% GLA	Maturity
BSP LP	Logistics	Girteka	981 242	962 940	16.49%	17 149	16.90%	2026
BSP LP II	Logistics	Vinge	1 100 785	1 027 187	18.50%	21 929	21.60%	2038
BSP LP IV	Logistics	Rhenus	1 084 157	1 027 234	18.22%	18 226	18.00%	2035
BSP LP V	Logistics	Delamode	551 766	488 967	9,27%	8 329	8.20%	2035
BSP LP VI	Logistics	Oribalt	441 965	403 362	7.43%	6 807	6.70%	2035
KVP	Industrial	Multiple	1 440 157	1 284 442	24.21%	24 500	24.20%	2022-2027
BSP RP I	Retail	Multiple	77 477	58 557	1.30%	1 337	1.30%	2022
BSP RP V	Retail	Maxima	271 859	243 581	4.57%	3 021	3.00%	2034
Total **			5 949 407	5 496 270	100%	101 298	100%

* Property NOI also includes internal management expenses in addition to other direct property cost.

** CPI-adjusted.

** Including expansion of Delamode and handover of the two DPD terminals in Q3, budgeted rent for 2022 is total mEUR 6.1

Terms/abbreviations used in the table above:

• Property NOI: Net rent income after direct ownership expenses incl. management.

• GLA: Leasable area.

Projects under development
Company	Segment	Tenant	Contracted rent annualised (EUR)	Budgeted rent in 2022	GLA (m2 )	Handover (est.)
BSP LP V	Logistics	Delamode	316 550	105 985	4 780	Q3 2022
BSP LP VII	Logistics	DPD - Telsiai	113 724	28 412	1 458	Q3 2022
BSP LP VIII	Logistics	DPD - Siauliai	180 180	45 026	2 310	Q3 2022
Total			610 454		8 548

ANNUALISED CONTRACTED RENT 6 559 861

rental income

High-profile tenants Portfolio based on

Portfolio based on

Retail Logi stics Industrial

Key figures group

1st quarter report 2022 (unaudited)

Per share (NOK)	31/03/2022	31/03/2021	Balance sheet* (MNOK)	31/03/2022
Net Asset Value (NAV)	53.99	46.12	Investment Properties	742
NAV in EUR	5.56	4.61	Other assets	52
Accumulated pay-outs	23.50	22.00	- of which cash	46
Last transaction price per date	48.60	51.50	Total assets	794
Number of shares issued	6 688 232	6 688 232	Debt	412

Deferred tax liability	22	21
Net Asset Value (Equity)	361	361

Property portfolio (MNOK)	31/03/2022	31/03/2021	Profit & loss (MNOK)	31/03/2022
Market value portfolio	742.1	637.6	Operating income	16.4
Value of equity based on NAV	360.5	307.6	Operating expenses excl. depreciations and impairments	4.8
Gross rent income per date	15.8	14.5	EBITDA (Operating profit/loss excl. depreciations and impairments)	11.6
NOI yield (investment projects)	7.6 %	8.14%	Income From Property Management (IFPM)	8.7
IFPM yield (annualised)	9.5 %	10.20 %	EBIT	6.0
Shortest contract length (years)	2 yrs	0 yrs	Profit/Loss before tax	5.6
Longest contract length (years)	16 yrs	17 yrs
			* Balance sheet adjusted to fair value.
WAULT (years)	9.6 yrs	11.8 yrs
IBD (incl. mezzanine loan)	390	422
LTV (incl. mezzanine loan)	52.5 %	66.2 %

depreciations and impairments	4.8	3.8
depreciations and impairments)	11.6	12.0
(IFPM)	8.7	7.7

Terms/abbreviations used in this report:

• NOI = Net Operating Income
• NOI yield = Annualised budget net operating income from property portfolio (incl. all salary expenses) / Market value of the portfolio. Yield is adjusted for land bank value.
• IFPM (Income From Property Management) = Profit/loss before tax excluding depreciations, profit/loss/value movements on properties, realised investments, currency and other financial instruments.
• IFPM yield = Income From Property Management / Net Asset Value (NAV)
• PFPM (Profit From Property Management) = Profit/loss after tax excluding depreciations, profit/loss/value movements on properties, realised investments, currency and other financial instruments
• PFPM yield = Profit from Property Management/ Net Asset Value (NAV)
• IBD = Interest-Bearing Debt all outstanding debt to credit institutions and/or other credit facilities
• LTV = Loan to Value ratio
• EBITDA = Earnings before interest, tax, depreciation and amortisation
• Surplus ratio = Net Operating Income related to rental income
• WAULT = Weighted contract length (income/year)
• BREEAM = BRE Environmental Assessment Method) is an environmental assessment standard developed by the Building Research Establishment (BRE) for rating the sustainability of buildings.
• EECP = Emerging Europe Commercial Properties AS (Norwegian investment company owning a grocery retail portfolio in Lithuania).

Net Asset Value (NAV)

Net Asset Value (NAV) is a measure of the fair value of the company's net assets on an on-going long-term basis, calculated as the total value of the company's assets minus the total value of its liabilities, with certain adjustments.

Public and private real estate companies and real estate funds use slightly different adjustment principles when calculating their NAV. Below is therefore an explanation of how NAV is calculated in Baltic Sea Properties.

Assets valuation and adjustments for NAV:	•	Investment (income generating) property and development land is valued and included using the most recent market value based on independent valuations (using discounted cash flow method.)
	•	External financial investments are valued and included at their most recently published/ recorded NAV (alternatively most recent transaction price if NAV is not available.)
	•	Development property, unfinished construction and other assets are valued and included at book value (cost price less depreciation)

Liabilities adjustments for NAV:

• Financial liabilities are valued and included at book value.
• Deferred tax liabilities are valued and included at 50 % of the deferred profit tax calculated on the difference between the current property market value and tax book value. (This adjustment principle is based on market practice and a deemed fair value basis)
• Interest rate swaps are valued and included at book value.
• Other liabilities are valued and included at book value.

Please note:

Since the 3rd quarter of 2020, the company has used a new principle for estimating latent tax liabilities in its NAV calculations. The change increases the group's latent tax with apx. MNOK 4.0 relative to the booked net deferred tax liability per 31.03.2022.

Our Vision

Our vision is to be the preferred real estate partner and leading investment company in the region.

We will achieve this by staying true to our mission and values.

Our Mission

Our mission is to foster a great team, to provide high quality and sustainable solutions for our partners, thus creating superior long-term value and returns for our shareholders.

Our Values

• • Commitment to our people and their professional development.
• Focusing on innovation and value creation.
• • Respect for our social and physical environment.
• • Accountability and fairness with our stakeholders.
• • Reliability and integrity in all we do

Q1 2022 Financials

• P&L
• Balance sheet
• Financing

Please note:

• The figures in this report are unaudited.

Profit & loss

1st quarter report 2022 (unaudited)

(Figures in parentheses are comparable figures for the previous year)

Total operating income per 31st of March 2022 was MNOK 16.4 (MNOK 15.8). Of this MNOK 15.8 was rental income from the investment portfolio (MNOK 14.5). Measured in EUR, the rental income in Q1 2022 increased by EUR 180 109 compared to the previous year, due to new revenue streams from the properties acquired in Q2 2021 and income from finalised development projects.

Direct ownership costs in Q1 2022 were MNOK 3.0 (MNOK 2.1), increased from same period last year due to increased portfolio and organisation size.

Net rental income in Q1 2022 was MNOK 12.8 (MNOK 12.4).

Other operating income was MNOK 0.5 (MNOK 1.3). The reduction is explained by last year's figure being boosted by an asset sale above book value.

Other operating expenses per 31st of March 2022 were MNOK 1.8 (MNOK 1.7).

The profit from operations before financial items, depreciations, and impairments (EBITDA) in Q1 2022 was MNOK 11.6 (MNOK 12.0).

Booked depreciations were MNOK -5.5 (MNOK -5.1). No significant impairments or reversal of previous impairments were recorded as no new valuations have been conducted since the valuations used per 31.12.2021.

Net financial items MNOK -0.4 (MNOK -4.7). The Group's interest expenses were significantly reduced from the same period last year following refinancing at better terms. Other finance benefitted greatly during Q1, mainly from value increase in interest rate hedging agreements.

Profit before tax per 31st of March 2022 was MNOK 5.6 (MNOK 2.1).

P&L Group (NOK)	31/03/2022	31/03/2021
NOK (YTD)
Rental income	15 838 139	14 517 823
Real estate tax, land tax, etc.	-473 174	-222 075
Maintenance and fit-out	-83 475	-7 623
Other direct ownership costs	-2 475 047	-1 911 677
Sum direct ownership costs	-3 031 697	-2 141 374
Net rental income	12 806 442	12 376 449
Other operating income	519 029	1 266 258
Other operating expenses	-1 764 283	-1 676 811
EBITDA	11 561 188	11 965 896
Depreciations	-5 524 864	-5 107 996
Impairments (-)/ Reversal of	-6 587	0
previous impairments (+)
EBIT	6 029 736	6 857 901
Net interest	-2 837 412	-4 065 479
Other finance	2 417 354	-669 281
Profit/loss before tax	5 609 679	2 123 140
YTD average EURNOK rate	9.9327	10.2640

Balance sheet

1st quarter report 2022 (unaudited)

Valuation of properties

Valuations of the properties have been conducted by two independent valuators, based on discounted cash flow (DCF) analyses, which is standard method and our normal practice. The portfolio was valued at a total of MEUR 76.4 in the NAV calculation per 31st of March 2022, based on valuations from Newsec and Oberhaus per 31st of December 2021 and adjusted for additional investments not included in the valuations.

Balance sheet

Per the 31st of March 2022 the Group had a total cash balance of MNOK 46 (31.12.2021: MNOK 53).

The book value of equity per the 31st of March 2022 was MNOK 214 (31.12.2021: MNOK 216), while the Net Asset Value (NAV) was MNOK 361 (31.12.2021: MNOK 361). Measured in EUR, the NAV increased by 2.66 % during Q1 2021.

Total amount of shares issued per 31.12.2021 was 6 688 232, of which the company itself held 10 445.

Net Asset Value (NAV) per share	31/03/2022	31/03/2021
NOK	53.99	46.12
EUR	5.56	4.61
Applied EURNOK conversion rate	9.7110	9.9955

Value movements (MEUR)	31/03/2022
Investment property valuation year start	75.44
Acquistions & developments	0.98
Divestments	-
Unrealised value movements	-
Investment property valuation year end	76.42

Property portfolio (MNOK)	31/03/2022	31/03/2021
Market value portfolio	742.1	637.6
Value of equity based on NAV	360.5	307.6
Gross rent income per date	15.8	14.5
NOI yield (investment projects)	7.6 %	8.14 %
IFPM yield (annualised)	9.5 %	10.2 %
Shortest contract length (years)	2 yrs	0 yrs
Longest contract length (years)	16 yrs	17 yrs
WAULT (years)	9.66 yrs	11.8 yrs
IBD (incl. mezzanine loan)	390	422
LTV (incl. mezzanine loan)	52.5 %	66.2 %
IBD (excl. mezzanine loan)	375	370
LTV (excl. mezzanine loan)	50.5 %	58.0 %

Balance sheet* (MNOK)	31/03/2022	31/12/2021
Fixed assets	593	605
Current assets	51	57
- of which is cash	46	53
Assets	644	662
Equity	214	216
Debt	429	446

* Book value.

Financing

1st quarter report 2022 (unaudited)

	Debt maturity			Interest Swap maturity
Year	EUR	Share %	Interest including margin	EUR	Share %	Interest including margin
0-1 year	-	0.00 %	2.20 %		0.00 %	0.00 %
1-3 years	-	-	-	21 440 943	85.02 %	0.58 %
4-5 years	38 702 566	96.32 %	2.05 %*	3 777 477	14.98 %	0.72 %
Total funding real estate portfolio	38 702 566	96.32 %	2.05 %*	25 218 420	100.00 %	0.60 %
Mezzanine - maturing 14.5.2022	1 494 944	3.68 %	10.70 %
Sum loan	40 081 090	100 %	2.20 %	25 218 420	100.00 %	0.60 %

* + 3-month Euribor.

• Loan terms overview of 12-month rolling from 31.03.2022 figures

• All-in weighted interest including IRS and mezzanine financing is 2.81%

• Weighted interest margin including IRS and excluding mezzanine financing is 2.65%

Loan financing	31/03/2022	31/12/2021
Interest-bearing debt incl. mezzanine loan (MEUR)	40.1	40.7
LTV incl. mezzanine loan	52.50 %	53.90 %
Interest-bearing debt excl. mezzanine loan (MEUR)	38.6	39.2
LTV excl. mezzanine loan	50.52 %	51.92 %
Average interest rate (incl. margin and IRS*) excl. mezzanine loan	2.65 %	2.65%
Interest rate hedging ratio	63 %	62 %
Time until maturity interest-bearing debt (weighted)	3.6 yrs	3.9 yrs
Time until maturity interest hedging contracts (weighted)	1.9 yrs	2.2 yrs

*Interest Rate Swaps

Liepų Parkas (3.6 hectare) | Liepų Street, Klaipėda (Small frame: Concept visualisation, retail and business park)

Earnings & Net Asset Value

1st quarter report 2022 (unaudited)

	Jan - Mar 2022 9,7110 9,9327		Jan - Mar 2021 9,9955 10,264
EURNOK rate — Balance date EURNOK rate — YTD average
P&L	NOK	EUR	NOK	EUR
Rental income	15 838 139	1 594 545	14 517 823	1 414 441
Property expenses ex. mng.	-556 650	-56 042	-499 343	-48 650
NOI Surplus ratio	15 281 489	1 538 503 96 %	14 018 480	1 365 791 97 %
Other operating income	519 029	52 255	303 386	29 558
Administration cost	-2 475 047	-249 182	-1 642 032	-159 980
Other operating cost	-1 764 283	-177 624	-1 676 811	-163 368
Net realised interest cost & finance expenses	-2 837 412	-285 664	-6 193 984	-603 467
Income from property management (IFPM)	8 723 776	878 288	4 809 041	468 535
Tax for the period	-1 103 223	-111 070	87 665	8 541
Profit from property managemenet (PFPM)	7 620 553	767 219	4 896 706	477 076
Realised changes in value of investment properties	-	-	962 872	93 811
Unrealised changes in value of investment properties	-6 587	-663
Realised changes in value of investments (JV, equity investm., etc.)		-
Changes in values of derivatives	2 472 399	248 915	801 629	78 101
Other financial income		-
Currency	-52 385	-5 274	657 595	64 068
Other financial expenses	-2 660	-268
Depreciation	-5 524 864	-556 230	-5 107 996	-497 661
Profit before tax	5 609 679	564 769	2 123 140	206 853
Tax for the period	-1 103 223	-111 070	87 665	8 541
Profit	4 506 456	453 699	2 210 805	215 394
BALANCE	31 March 2022		31 December 2021
Assets
Investment properties (market value) Other financial assets (market value)	742 132 352 -	76 421 826 -	753 561 528 -	75 440 646 -
Other fixed assets	1 007 397	102 348	1 098 006	109 924
Total fixed assets	743 139 748	76 524 174	754 659 535	75 550 570
Current receiveable & assets Bank deposits	4 996 100 45 952 291	514 478 4 731 983	3 821 853 52 790 600	382 614 5 284 979
Total current assets	50 948 391	5 246 462	56 612 453	5 667 593
Total assets	794 074 642	81 770 636	811 271 988	81 218 163
Liabilities
Deferred tax liabilites*	21 734 879	2 238 171	21 450 911	2 147 496
Long-term liabilities	360 798 349	37 153 573	374 308 247	37 472 794
Short-term liabilities	51 005 358	5 252 328	54 489 177	5 455 027
Total liabilites	433 538 586	44 644 072	450 248 335	45 075 318
Net Asset Value (NAV)	360 549 554	37 126 563	361 023 652	36 142 845

Expansion project | Visualisation of Oribalt terminal after expansion

Property portfolio Q1 2022

• Tenant mix
• Presentation of our properties
• Land bank

Tenant mix

Distribution of budgeted rent income in 2022

Rhenus | Logistics

Company name: BSP Logistic Property 4 Tenant: Rhenus Logistics GLA: 18 226 m2 Maturity lease contract: 2035

Location: Highway A4, Vilnius, Lithuania

The property was finalised in June 2017 and further expanded in 2020. It is currently leased by UAB Rhenus Logistics, a subsidiary of the Rhenus Group.

The Rhenus Group is one of Europe's biggest transportation groups, and UAB Rhenus Logistics covers the group's operations in the Baltics and Belarus.

Vingės Terminalas | Logistics

Tenant: Vingės Terminalas GLA: 21 929 m2 Maturity lease contract: 2038

Company name: BSP Logistic Property 2 Plassering: Highway A3, Vilnius, Lithuania

The property is strategically located along the highway between Vilnius og Minsk in Belarus.

Vingės Terminalas is a local logistics company within the the Vingės Logistics Group, operating within export, transit, order processing and goods transport. The company has a wide spectre of clients in Europe and Russia.

Girteka | Logistics

Company name: BSP Logistic Property Tenant: Girteka Logistics GLA: 17 149 m2 Maturity lease contract: 2026

Location: Highway A3, Vilnius, Lithuania

The property is leased by Girteka Logistics, one of Europe's leading transportation companies, strategically located by Vilnius International Airport.

The property has a land area of 42 907 m2 with 11 458 m2 storage, 2 014 m2 frozen storage, 3 348 m2 cold storage and 1 134 m2 office.

Delamode | Logistics

Company name: BSP Logistic Property 5 Tenant: Delamode Baltics GLA: 8 329 m2 Maturity lease contract: 2033

Location: Highway A1, Vilnius, Lithuania

The property was finalized in August 2020 and is currently leased by Delamode Baltics, a dynamic supplier of freight forwarding-solutions to the global market.

In July 2021, BSP signed an agreement with Delamode to expand the facility with approximately 4 780 m2 (expected handover during the summer of 2022).

Oribalt | Logistics

Company name: BSP Logistic Property 6 Tenant: Oribalt GLA: 6 807 m2 Maturity lease contract: 2035

Location: Highway A1, Vilnius, Lithuania

The property was finalized in August 2020 and is currently leased by Oribalt.

The parties have agreed on an expansion project of approximately 2 800 m2 . Upon completion (est. Q3 2023), the terminal will be approx. 9 600 m2 .

Oribalt offers a wide spectre of logistics solutions for pharmaceutical producers , including storage, distribution, transportation and direct delivery.

Small frame: Visualisation of terminal after expansion

Klaipėda Business Park (KVP) | Business park

Company name: Klaipėdos verslo parkas Tenants: Multiple (27) Location: Klaipėda, Lithuania GLA: 24 500 m2 Maturity lease contracts: 2022-2035

Klaipėda Business Park (KVP) offers its tenants industrial, commercial and office spaces within the Free Economic Zone of Klaipėda.

The property was acquired by BSP in April 2021.

RP 1/RP 5 | Retail portfolio

Location: Lithuania GLA: 4 358 m2 Maturity lease contract: 2022 - 2034

Company name: BSP Retail Properties 1 BSP Retail Properties 5

DPD | Development

Tenant: DPD GLA: Apx. 4 000 m2 Maturity lease contract: 2037 Handover: Q3 2022 Status: Under construction

Company name: BSP Logistic Property 7 BSP Logistic Property 8 Location: Šiauliai & Telšiai, Lithuania

Land bank | Development

Type: Land plots for development Locations: Vilnius and Klaipėda, Lithuania Areal: 17.9 hectare Zoning: Commercial Project: Technical project

Strategically located land plots along strategic road networks near Vilnius and Klaipėda.

Liepų Parkas (3.6 hectare) Liepų Street, Klaipėda

By Oribalt terminal (6.9 hectare) Highway A1, Vilnius

By Rhenus terminal reserved for expansion (4.1 hectare) Highway A4, Vilnius

Trakai Island Castle | Vilnius County

Contact

Lars Christian Berger

CEO

+47 930 94 319 LCB@BalticSea.no

Oslo

Apotekergata 10 0180 Oslo

Norway

James Andrew Clarke

Chairman & CIO

+370 612 37 515 JAC@BalticSea.no

Klaipėda

Pramones str. 8A LT-94102 Klaipėda

Lithuania

Sigitas Jautakis

Director, Vilnius

+370 652 47 287 SJ@BalticSea.no

Vilnius

Didzioiji str. 10A-29 LT-01128 Vilnius

Lithuania

www.balticsea.no

Our team

Rolandas Jonuška Deputy Director, Klaipėda

Regina Ignotienė Chief Accountant, Klaipėda

Espen Aas Group Controller & IR

Gediminas Klimas Technical Manager

Julija Nikitaravičienė Head of Legal

Inga Mockuvienė Chief Accountant, Vilnius

Milda Malinauskienė Project Manager

Rita Rindokienė Administration Manager

Sigita Janušonienė Commercial Manager

Matas Smilgevičius Project Manager

Pranas Pelutis Maintenance Manager

Edita Staliorevičienė Accountant

Rita Matonienė Accountant

Lina Stankuvienė Accountant

Europeean RReeal Estatee Brand AAwards 2022

Baltic Sea Properties is proud to be nominated in the category "Strongest Brand Baltics Developers logistics"

2020 : 1st place 2021 : 1st place

Euronext Growth Oslo

Baltic Sea Properties AS has since 2017 been listed for trading on Merkur Market/Euronext Growth Oslo, a MTF under Oslo Stock Exchange.

Since Euronext's acquisition of Oslo Stock Exchange in June 2019, trading at Euronext Growth Oslo has been migrated to Euronext's trading system Optiq. The trading system gives all trading on

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On Monday the 30th of November 2020 most pages on oslobors.no were moved to Euronext's website.

For more information, please refer to the following links:

English: https://www.oslobors.no/ob_eng/Oslo-Boers/ About-Oslo-Boers/Web-pages-has-been-moved-to-Euronext

Norwegian: https://www.oslobors.no/Oslo-Boers/Om-Oslo-Boers/Nettsider-flyttes-til-Euronext

Useful info:

As Baltic Sea Properties (ticker: BALT) is listed for trading on Euronext Growth Oslo, the share may be traded through different channels. You may for instance place purchase or sales orders on different online trading platforms.

Contact your custodian, stock broker or bank for more information.

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