Pioneer Property Group ASA

Pre-Annual General Meeting Information • Apr 23, 2020

PIONEER PROPERTY GROUP ASA: NOTICE OF ANNUAL GENERAL MEETING AND PROPOSAL TO DISTRIBUTE NOK 20.38 PER ORDINARY SHARE AS DIVIDEND

PIONEER PROPERTY GROUP ASA: NOTICE OF ANNUAL GENERAL MEETING AND PROPOSAL TO DISTRIBUTE NOK 20.38 PER ORDINARY SHARE AS DIVIDEND

An annual general meeting of Pioneer Property Group ASA (the "Company") will be held on 19 May 2020 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 amongst other items proposed that the general meeting resolves to distribute a dividend to the holders of the Company's ordinary shares of NOK 20.38 per ordinary share, in total approx. NOK 200,018,899. 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