Pioneer Property Group ASA

Major Shareholding Notification • Jan 30, 2017

Mandatory Notification of Trade / Shareholder Disclosure

Mandatory Notification of Trade / Shareholder Disclosure

Eidissen Consult AS, owned 100% by Eidissen Consult

Holding AS has on 25 January 2017 acquired 98,587

preference shares in Pioneer Property Group ASA (PPG)

at an average price of NOK 96.5 per share. After the

transaction, Eidissen Consult AS owns 372,571

preference shares, equivalent to 5.73% of the total

preference shares, in addition to ownership of

1,773,386 ordinary shares in PPG. After the

transaction, Eidissen Consult AS therefore owns 13.15%

of the total shares (ordinary and preference shares

combined) in the company, equivalent to 17.3% of the

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

of the preference shares). This statement corrects and

replaces statement "Flagging" of January 25 2017 with

respect to total ownership and voting rights of

Eidissen Consult AS after the aquisition.