Pioneer Property Group ASA

Launch of initial public offering of preference shares

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Pioneer Property Group ASA - Launch of initial public

offering of preference shares

Oslo, 4 June 2015 - Reference is made to the stock exchange

notice of 20 May 2015 regarding the application for listing

of the preference shares in Pioneer Property Group ASA

("Pioneer Property Group" or "the Company") on Oslo Axess

and the stock exchange notice of 4 June 2015 as to the

approval of a prospectus (the "Prospectus") in connection

with the public offering of existing preference shares in

the Company and the listing of the Company's preference

shares on Oslo Axess.

The Company will today launch an initial public offering of

its preference shares in connection with the contemplated

offering of preference shares. The initial public offering

will comprise up to 2,800,000 existing preference shares

offered by existing shareholders of the Company (the "Offer

Shares"). The Offer Shares are being offered at a price of

NOK 100 per preference share. The application period for the

initial public offering is from 09:00 a.m. (CET) on 4 June

2015 to 12.00 (CET) on 17 June (retail tranches) / 14:00

(CET)(institutional tranche).

The terms and conditions of the initial public offering are

presented in the Prospectus.

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

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