Pioneer Property Group ASA

Interim / Quarterly Report • Aug 26, 2022

PPG Half-Yearly Financial Report 2022

PPG Half-Yearly Financial Report 2022

Please find attached the half-yearly financial report for 2022 for Pioneer Property Group ASA (PPG PREF).

Highlights for Pioneer Property Group ASA:

- Total revenue from continued operations for the first half of 2022 was MNOK 38.7 compared to MNOK 12.2 for the first half of 2021

- Operating profit (EBIT) for the first half of 2022 was MNOK 68.6 compared to MNOK 131.4 for the first half of 2021

- PPG acquired one office property and two development properties over the period. Further one development property was acquired subsequent to the balance sheet date.

- Pioneer Property Group ASA has sold all of the shares in Odin Bidco AS to existing shareholders in Odin Bidco AS for a consideration of NOK 372,069,070. The transaction was closed in June 2022.

- PPG paid two quarterly dividends to the holders of preference shares in total NOK 4.75 per preference share and a dividend to the holders of the ordinary shares in total of NOK 2.854 per ordinary share.

For further information, please contact:

Øystein Grini, CFO

Telephone: +47 46 29 67 19

E-mail: IR@pioneerproperty.no