Pioneer Property Group ASA

Transaction in Own Shares • Nov 18, 2019

PIONEER PROPERTY GROUP ASA: MANDATORY NOTIFICATION OF TRADE AND DISCLOSURE OF SHAREHOLDING

PIONEER PROPERTY GROUP ASA: MANDATORY NOTIFICATION OF TRADE AND DISCLOSURE OF SHAREHOLDING

Reference is made to the stock exchange announcement published on 14 November 2019 by Pioneer Property Group ASA ("PPG") regarding the contemplated buy-back of own preference shares, and the stock exchange announcement published earlier today, 18 November 2019, regarding the status of the book building process.

PPG has today purchased 1,631,447 preference shares in PPG at a price of NOK 102.00 per preference share.

Following the transaction, PPG holds no ordinary shares and 1,631,447 preference shares in PPG (approximately 10% of the share capital), which represents 1.56% of the votes.

As a consequence of the transaction, PPG has reached the threshold of 10.00% with respect to the share capital. This information is therefore subject to the disclosure requirements according to both section 4-2 and section 4-3 of the Norwegian Securities Trading Act.

For further information, please contact:

Ole-Kristofer Bragnes, CFO

Telephone: +47 917 03 415

E-mail: IR@pioneerproperty.no