Pioneer Property Group ASA

Share Issue/Capital Change • Jan 22, 2025

Pioneer Property Group ASA: Completed share capital reductions through redemption of ordinary shares and preference shares

Pioneer Property Group ASA: Completed share capital reductions through redemption of ordinary shares and preference shares

On 3 December 2024, the extraordinary general meeting of Pioneer Property Group ASA (the "Company") passed a resolution to reduce the Company's share capital by NOK 3,284,048, through the redemption of a total of 3,284,048 ordinary shares. Furthermore, the extraordinary general meeting passed a resolution to reduce the Company's share capital by NOK 500,000, through the redemption of a total of 500,000 preference shares held in treasury by the Company.

The six-week creditor notification period for the share capital reductions expired on 16 January 2025. The share capital reductions were registered with the Norwegian Register of Business Enterprises today, 22 January 2025, and have thereby been completed.

Following completion of the share capital reductions, the share capital of the Company is NOK 10,898,975 divided into 6,530,422 ordinary shares and 4,368,553 preference shares, each with a nominal value of NOK 1.

This announcement is subject to disclosure under the Norwegian Securities Act Section 5-12 and the requirements of Oslo Børs' Continuing Obligations.

Contact details for further information:

Øystein Grini, CFO

Telephone: +47 46 29 67 19

E-mail: IR@pioneerproperty.no