Pioneer Property Group ASA

Report Publication Announcement • Aug 25, 2023

PPG Half-Yearly Financial Report 2023

PPG Half-Yearly Financial Report 2023

Please find attached the half-yearly financial report for 2023 for Pioneer Property Group ASA (PPG PREF).

Highlights for Pioneer Property Group ASA:

• Contractual rental income from continued operations for the first half of 2023 was MNOK 49.8 compared to MNOK 38.7 for the first half of 2022.

• Operating profit (EBIT) for the first half of 2023 was MNOK 61.6 compared to MNOK 68.6 for the first half of 2022.

• PPG added one office property (combined office and warehouse) in Mo i Rana over the period due to the acquisition of additional shares in BM3 Eiendom which is now regarded as a subsidiary.

• PPG paid two quarterly dividends to the holders of preference shares in total NOK 5.00 per preference share and a dividend to the holders of the ordinary shares in total of NOK 3.05 per ordinary share.

• An acquisition of 50% of the shares in a Joint Venture company owning three hotels with a total real estate value of MNOK 270.0 in Sweden was acquired subsequent to the balance sheet date.

For further information, please contact:

Øystein Grini, CFO

Telephone: +47 46 29 67 19

E-mail: IR@pioneerproperty.no