Pioneer Property Group ASA

Major Shareholding Notification • Sep 30, 2016

Shareholder Disclosure / notification of trade in Pioneer Property Group ASA

Shareholder Disclosure / notification of trade in Pioneer Property Group ASA

Date: 30 September 2016

Hospitality Invest AS has on 30 September 2016

purchased 110,000 preference shares in Pioneer

Property Group ASA (PPG PREF) at a price of NOK 97.00

per share. The purchase was completed in a private

transaction with the seller being Norlandia Care Group

AS, a company controlled by Hospitality Invest AS.

Roger Adolfsen is a major shareholder in Hospitality

Invest AS, holds the position as Chairman of the Board

of Pioneer Property Group ASA and is defined as

primary insider subject to disclosure duties under the

Norwegian Securities Trading Act Section 4-2.

Following the transaction, Hospitality Invest AS will

own 110.000 preference shares (1.69%), whereas

Norlandia Care Group AS will own 499,369 preference

shares (7.68%).

Hospitality Invest AS' consolidated ownership in

Pioneer Property Group ASA remains unchanged.

For additional information, contact:

Kristoffer Lorck

CFO, Hospitality Invest AS

+47 93 02 88 18

Olav Braaten

CFO, Norlandia Care Group AS

+47 41 31 90 31

Martin Hoff

CFO, Pioneer Property Group ASA

+47 47 21 47 21