Black Sea Property AS: Notice of Extraordinary General Meeting

09 Sep 2025 13:16 CEST

Reference is made to the stock exchange notice by Black Sea Property AS (the
"Company") on 20 August 2025 regarding, inter alia, the contemplated rights
issue of shares up to NOK 10 million directed towards all shareholders (the
"Rights Issue").

In order to formally approve the Rights Issue, the Company's Board of Directors
(the "Board") hereby calls for an extraordinary general meeting to be held at
the offices of Advokatfirmaet CLP DA, Sommerrogata 13-15, 0255 Oslo, Norway, on
25 September 2025 at 12.00. The Board has also proposed a board authorization to
increase the share capital by conversion of a shareholder loan with a principal
amount of approximately NOK 5.34 million.

The notice with the full agenda is attached hereto in both Norwegian and
English.

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.

More information:
Access the news on Oslo Bors NewsWeb site

654964_Black Sea Property - Notice of EGM 25 September 2025.pdf