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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 15 October 2025, regarding the final result of the rights
issue of up to 200,000,000 new shares in the Company, at a subscription price of
NOK 0.05 per share (the "Offer Shares") to raise gross proceeds of up to
approximately NOK 10,000,000 (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 3,000,000 Offer Shares in the Rights Issue:
- DEA Holding AS, a close associate of Dag Espen Arnesen, a board member in the
Company, has been allocated 3,000,000 Offer Shares in the Rights Issue
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