Pioneer Property Group ASA

Notice of Dividend Amount • Feb 27, 2017

Key information relating to the Q1 PPG PREF dividend (CORRECTION)

Key information relating to the Q1 PPG PREF dividend (CORRECTION)

--- Correction of payment date to 10. April ---

Below is key information relating to the proposed dividend

to holders of preference shares in Pioneer Property Group

ASA, to be approved at the Company's Annual General Meeting

20th March 2017.

Dividend amount: 1.87500 per preference share

Declared currency: Norwegian Krone

Last day including right: 29. March

Ex-date: 30. March

Record date: 31. March

Payment date: As of 10. April

Date of approval: 20. March (AGM)

Inquiries:

Martin P. Hoff

CFO

+47 47214721