Baltic Sea Properties

Related Party Transaction • Jul 23, 2021

Baltic Sea Properties signs expansion agreement

Baltic Sea Properties signs expansion agreement

Oslo, 23rd of July 2021 – Baltic Sea Properties AS ("BALT" or "the Company", and

together with the Company's subsidiaries, "BSP") refers to Oslo Stock Exchange release and information on the 28th of May 2021, regarding the MOU to expand the partnership with Delamode Baltics, concerning an expansion of the cross-docking facility on the outskirts of Vilnius, Lithuania.

The Company has signed an agreement to expand the facility with approx. 4,780 m2. Handover of the expanded area is expected during the summer of 2022. Upon completion, the total leasable area of the terminal will be approx. 13,200 m2. Delamode Baltics has further agreed on a new 12.5-year lease term, starting from completion of the expansion.

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 102,000 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.