Partial repayment of seller's credit

30 Dec 2022 12:15 CET

Oslo, 30th December 2022. Baltic Sea Properties AS ("BALT" or "the Company", and
together with the Company's subsidiaries, "BSP") refers to the stock exchange
announcement on 23rd of May 2022 concerning the acquisition of Grandus Shopping
center in Klaipeda, Lithuania from Baltic Equity Group etc. As part of the
transaction, the sellers granted a seller’s credit of mEUR 4.0. Today the
company has repaid mEUR 0.8 of the principal amount and mEUR 0.2 of accumulated
interest. New outstanding seller's credit is mEUR 3.2.

The main shareholder in Baltic Equity Group UAB is the current chairman of the
board and primary insider in Baltic Sea Properties, James Andrew Clarke.

For more information, please contact:

Lars Christian Berger
CEO
phone: +47 930 94 319
Lcb@balticsea.no

The information in this announcement is subject to disclosure requirements under
the EU Market Abuse Regulation and Euronext Growth listing rules.

Baltic Sea Properties AS is a Norwegian real estate company focusing on
development and property management in the Baltics. The company is among the
Baltics’ leading real estate investors and developers – owning a portfolio of
logistics, industrial and retail assets.

Company website: balticsea.no

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