Partial repayment of seller's credit

28 Nov 2023 15:03 CET

Oslo, 28th November 2023. 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.

Today, the company has repaid mEUR 2.37 of the principal amount and mEUR 0.23 of
accumulated interest (in total, mEUR 2.6). New outstanding seller's credit is
mEUR 0.83. (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.)

In conjunction with the partial repayment of the seller’s credit, Baltic Sea
Properties has increased the mezzanine loan from Ambolt Mezzanine Sub-fund by a
corresponding amount.

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 is an open-ended and fully integrated real estate
investment company. The company is among the Baltics’ leading real estate
investors and developers – owning a diversified cash flow generating portfolio
of modern real estate in the logistics, industrial and commercial segments.

Company website: balticsea.no

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