Pioneer Property Group ASA

Major Shareholding Notification • Aug 25, 2017

Mandatory notification of trade / shareholder disclosure

Mandatory notification of trade / shareholder disclosure

Mecca Invest AS, an investment company controlled by primary insider

Roger Adolfsen, has today agreed to sell 50,000 preference shares in

Pioneer Property Group ASA to Eidissen Consult AS at a share price of

NOK 100.75 per share. As a result, Mecca Invest AS will decrease its

holding of preference shares from 240,832 to 190,832. Mecca Invest AS

also owns 1,417,852 ordinary shares. After the transaction, Mecca

Invest AS will reduce its ownership from 10.2% to 9.9% of the total

shares in PPG (ordinary and preference shares combined), and hold 2.9%

of the preference shares, and 13.7% of the total voting capital

(accounting for the 1/10th voting right of the preference shares).