BLACK SEA PROPERTY AS: EXTRAORDINARY GENERAL MEETING COMPLETED

16 Sep 2024 15:15 CEST

Reference is made to the stock exchange notice on 2 September 2024 regarding the
notice for a general meeting in Black Sea Property AS (the "Company") to discuss
a proposal for a contemplated partly underwritten rights issue in the Company
(the "Rights Issue"). Further information about the Rights Issue is available in
the notice for the general meeting and in the stock exchange notices from the
Company dated 2 September 2024 and 3 September 2024.

The Company has today completed the extraordinary general meeting. All
resolutions were passed in accordance with the proposals from the Board. Please
find attached the signed minutes of the extraordinary general meeting.

For further information, please contact:

Egil Melkevik, Chairman
Tel: +47 90 77 09 76
E-mail: em@ms-solutions.no

About Black Sea Property AS:

Black Sea Property AS is a real estate company with holdings in a real estate
project on the Black Sea coast called Sunrise River Beach Resort. Sunrise River
Beach Resort is a partially completed project and will upon completion comprise
approximately 950 apartments as well as significant commercial space. Black Sea
Property AS has indirect ownership to the project and will work to finalize
Sunrise River Beach Resort, to realize the project's added value through the
sale of residential units and hotel operations.

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627904_Black Sea Property AS - Protokoll fra EGF 16092024.pdf