Pioneer Property Group ASA

Major Shareholding Notification • Sep 26, 2017

Mandatory notification of trade / Shareholder disclosure

Mandatory notification of trade / Shareholder disclosure

Klevenstern AS, an investment company controlled by Kristian

Adolfsen, has today sold 55,017 preference shares in Pioneer

Property Group ASA in the market at a share price of NOK

100.75 per share. As a result, Klevenstern AS will decrease

its holding of preference shares from 160,832 to 105,815.

Simultaneously, Mecca Invest AS, an investment company

controlled by Roger Adolfsen, has today sold 55,017

preference shares in Pioneer Property Group ASA in the

market at a share price of NOK 100.75 per share. As a

result, Mecca Invest AS will decrease its holding of

preference shares from 170,832 to 115,815.

Simultaneously, HI Capital Invest AS, a company controlled

by Kristian and Roger Adolfsen, has today sold 101.466

preference shares in Pioneer Property Group ASA at an

average price of NOK 100.75. After the sale, HI Capital AS

owns no preference shares in Pioneer Property Group ASA.

Simultaneously, Hospitality Invest AS, a company controlled

by Roger Adolfsen, has today sold 10.000 preference shares

in Pioneer Property Group ASA at an average price of NOK

100.75. After the sale, Hospitality Invest AS owns no

preference shares in Pioneer Property Group ASA.

Roger Adolfsen, who 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.