Key information relating to the preferential rights issue to be carried out by Black Sea Property AS

12 Sep 2025 15:52 CEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA,
JAPAN, AUSTRALIA, HONG KONG OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED
HEREIN

Reference is made to the stock exchange announcement published by Black Sea
Property AS (the "Company" or "Black Sea Property") on 9 September 2025
regarding a notice for an extraordinary general meeting to discuss and approve
the contemplated rights issue of new shares in the Company, to raise gross
proceeds of up to NOK 10 million (the "Rights Issue"). Key information relating
to the Rights Issue is set out below.

• Date on which the terms and conditions of the Rights Issue were announced: 12
September 2025
• Last day including right: 25 September 2025
• Ex-date: 26 September 2025
• Record Date: 29 September 2025
• Date of approval: 25 September 2025
• Maximum number of new shares: 200,000,000
• Subscription price: NOK 0.05
• Ratio preferential rights: 0.7638 subscription rights will be granted per
existing share registered as held as of the Record Date.
• Subscription ratio: Each subscription right will give the right to subscribe
for one (1) new share in the Rights Issue
• Manager: N/A
• Will the rights be listed: No
• ISIN for the preferential rights: To be announced when clarified
• Other information: N/A

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.

This information is published in accordance with the requirements of Euronext
Growth Rule Book II Oslo.

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