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Regulatory press release

Black Sea Property AS: Mandatory Notification of Trade

Black Sea Property
Reference is made to the stock exchange notice by Black Sea Property AS ("BSP"
or the "Company") on 4 October 2024, regarding the final result of the rights
issue of between 107,382,966 to 150,000,000 new shares in the Company, at a
subscription price of NOK 0.12 per share (the "Offer Shares") to raise gross
proceeds of up to approximately NOK 18,000,000 (the "Rights Issue").

The following close associates to primary insiders have been allocated Offer
Shares in the Rights Issue:

- MTB Invest AS, a close associate of Egil Melkevik, the chairman of the board
of the Company, has been allocated 2,792,974 Offer Shares in the Rights Issue:
- North Bridge Management AS, a close associate of Dag Espen Arnesen, a board
member in the Company, has been allocated 18,353,831 Offer Shares in the Rights
Issue
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