Black Sea Property AS

Pre-Annual General Meeting Information • Sep 9, 2025

Black Sea Property AS: Notice of Extraordinary General Meeting

Black Sea Property AS: Notice of Extraordinary General Meeting

Reference is made to the stock exchange notice by Black Sea Property AS (the "Company") on 20 August 2025 regarding, inter alia, the contemplated rights issue of shares up to NOK 10 million directed towards all shareholders (the "Rights Issue").

In order to formally approve the Rights Issue, the Company's Board of Directors (the "Board") hereby calls for an extraordinary general meeting to be held at the offices of Advokatfirmaet CLP DA, Sommerrogata 13-15, 0255 Oslo, Norway, on 25 September 2025 at 12.00. The Board has also proposed a board authorization to increase the share capital by conversion of a shareholder loan with a principal amount of approximately NOK 5.34 million.

The notice with the full agenda is attached hereto in both Norwegian and English.

For further information, please contact:

Egil Melkevik

Chairman

Tel: +47 90 77 09 76

E-mail: em@ms-solutions.no

About Black Sea Property AS:

Black Sea Property AS is a real estate company with holdings in a real estate project on the Black Sea coast called Sunrise River Beach Resort. Sunrise River Beach Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space. Black Sea Property AS has indirect ownership to the project and will work to finalize Sunrise River Beach Resort, to realize the project's added value through the sale of residential units and hotel operations.