Pioneer Property Group ASA

Notice of Dividend Amount • Nov 12, 2019

NOTICE OF EXTRAORDINARY GENERAL MEETING AND PROPOSAL TO DISTRIBUTE NOK 27.74 PER ORDINARY SHARE AS DIVIDEND

NOTICE OF EXTRAORDINARY GENERAL MEETING AND PROPOSAL TO DISTRIBUTE NOK 27.74 PER ORDINARY SHARE AS DIVIDEND

An extraordinary general meeting of Pioneer Property Group ASA (the "Company") will be held on 4 December 2019 at 10:00 hours (CET) at the offices of the Company in Rådhusgata 23, 0158 Oslo, Norway.

The board of directors of the Company has proposed that the general meeting resolves to (i) distribute a dividend to the holders of the Company's ordinary shares of NOK 27.74 per ordinary share, in total approx. NOK 272,253,398 and (ii) amend the Company's objective set forth in § 3 of the Company's articles of association, as further described in the notice.

The full notice of the extraordinary general meeting is attached hereto. The notice and other relevant documents are also available on the Company's website, www.pioneerproperty.no.

For further information, please contact:

Ole-Kristofer Bragnes, CFO

Telephone: +47 917 03 415

E-mail: IR@pioneerproperty.no