Black Sea Property AS: Extraordinary general meeting completed

17 Oct 2023 13:08 CEST

Reference is made to the stock exchange notice on 3 October 2023 regarding a
notice for a general meeting to discuss two proposals for share capital
increases. Further information about the share capital increases is available in
the notice for the general meeting and in the stock exchange notices from the
Company dated 26 September 2023 and 2 October 2023.

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.

More information:
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601518_Black Sea Property AS - Minutes of EGM 17 October 2023.pdf