Board Change Notification

30 Oct 2024 16:07 CET

Oslo, 30th October 2024 – Baltic Sea Properties AS ("BALT" or "the Company")
hereby announces that Mr. John Afseth has informed the Company of his decision
to step down from his role as a member of the Board of Directors.

The Company would like to thank Mr. Afseth for his dedication and valuable
contributions during his time on the Board.

In accordance with the Company’s Articles of Association, the Board will
continue to operate with a functional and compliant composition, and no changes
to the current Board structure are planned until the next general meeting.

For further enquiries, please contact:

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

This information is subject to the disclosure requirements pursuant to section
5-12 the Norwegian Securities Trading Act and Euronext Growth Oslo Rule Book II.

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