Black Sea Property AS

Share Issue/Capital Change • Nov 5, 2025

Black Sea Property AS: Registration of share consolidation

Black Sea Property AS: Registration of share consolidation

Reference is made to the resolution by the general meeting of Black Sea Property AS (the "Company") on 25 June 2025 regarding a share consolidation (reverse share split) in the ratio 100:1, and the key information notice regarding the share consolidation announced on 3 November 2025.

The share consolidation has today been registered with the Norwegian Register of Business Enterprises. Following such registration, the share capital of the Company is NOK 23,091,880 divided into 4,618,376 shares, each with a par value of NOK 5.00.

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.