Baltic Sea Properties AS – Initiation of Share Buyback Programme

27 Feb 2026 08:00 CET

Oslo, 27 February 2026

Reference is made to the Annual General Meeting of Baltic Sea Properties AS (the
“Company”) held on 15 May 2025, where the Board of Directors was authorised to
acquire the Company’s own shares pursuant to item 12 of the resolutions adopted
by the General Meeting.
On this basis, the Board of Directors has resolved to initiate a share buyback
programme for the repurchase of the Company’s own shares (the “Programme”).

Key terms of the Programme:
- Maximum aggregate consideration: Up to NOK 5,000,000
- Maximum number of shares: Up to the number of shares that may be acquired
within the authorised limit granted by the AGM (869,608 shares) and within the
maximum aggregate consideration, depending on the purchase price
- Price range: Between NOK 45 and NOK 75 per share
- Programme period: From 27 February 2026 until 30 May 2026, and in any event no
later than 30 June 2026
- Trading venue: Euronext Growth Oslo
- Execution: The Programme will be executed by Norne Securities AS, acting as an
independent manager. Norne Securities AS will make its trading decisions
independently of, and without influence from, the Company.

The purpose of the Programme is to optimise the Company’s capital structure by
reducing the number of outstanding shares and increasing net asset value per
share.

The Programme will be carried out in accordance with Article 5 of Regulation
(EU) No 596/2014 on market abuse (“MAR”) and Commission Delegated Regulation
(EU) 2016/1052 (the “Safe Harbour Regulation”).

Shares acquired under the Programme may be cancelled through a reduction of the
Company's share capital or used in connection with employee incentive
programmes, in each case in accordance with the authorisation granted by the
Annual General Meeting.

The Company will publish information regarding transactions carried out under
the Programme in accordance with applicable regulatory requirements.

For further information, 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 the EU
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act
and the continuing obligations of companies admitted to trading on Euronext
Growth Oslo.

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.

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