Pioneer Property Group ASA

Mandatory notification of trade / shareholder disclosure

The Board of Pioneer Capital Partners AS has today decided to

distribute its ownership of 185,333 preference shares in Pioneer

Property Group ASA ("PPG") to its respective shareholders at a value

of NOK 99 per share in line with recent trading. As a result,

certain primary insiders have increased their ownership in PPG and

two shareholders have also crossed the 5% ownership in the PPG

preference share - as detailed below.

Mecca Invest AS, an investment company controlled by primary insider

Roger Adolfsen, will increase its holding of preference shares from

285,232 to 340,832, including existing ownership of 1,417,852

ordinary shares. After the transaction, Mecca Invest AS will own

10.8% of the total shares in PPG (ordinary and preference shares

combined), 5.2% of the preference shares, and 13.9% of the total

voting capital (accounting for the 1/10th voting right of the

preference shares).

Klevenstern AS, an investment company controlled by Kristian

Adolfsen, will increase its holding of preference shares from

285,232 to 340,832, including existing ownership of 1,417,852

ordinary shares. After the transaction, Klevenstern AS will own

10.8% of the total shares in PPG (ordinary and preference shares

combined), 5.2% of the preference shares, and 13.9% of the total

voting capital (accounting for the 1/10th voting right of the

preference shares).

Sarepta Holding AS, an investment company controlled by primary

insider Runar Rønningen, will increase its holding of preference

shares from 0 to 55,600 shares. MPH Invest AS, controlled by primary

insider Martin P. Hoff, will increase its holding of preference

shares from 0 to 18,533 shares.

Inquiries:

Martin P. Hoff

CFO

+47 47214721

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