Pioneer Property Group ASA

Regulatory Filings • Dec 16, 2015

Intra-group reorganisation of Pioneer Property Group ASA

Intra-group reorganisation of Pioneer Property Group ASA

Pioneer Property Group ASA (PPG) has as of 15 December 2015

carried out an internal reorganisation of the company

structure. The shares in PPG's four wholly owned

subsidiaries, Pioneer Public Properties I AS, Pioneer Public

Properties II AS, Pioneer Public Properties III AS and

Pioneer Public Properties IV AS have all been transferred

from PPG to PPG's subsidiary Pioneer Public Properties AS,

thereby making said four companies subsidiaries of Pioneer

Public Properties AS in a sub-holding structure beneath PPG.

The transfer was made against a sellers credit from PPG to

Pioneer Public Properties AS which has been converted to

equity. The transfer was made using the same valuations as

used in connection with the reorganisations done prior to

the listing of PPG.

This information is subject to the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act.

Enquiries

Martin P. Hoff, CFO - +47 47214721

www.pioneerproperty.no