Reference is made to the announcement by Black Sea Property AS on 2 October 2023
concerning a private placement with total gross proceeds of NOK 5,822,837 and a
contemplated subsequent offering (the "Subsequent Offering").

Date on which the terms of the Subsequent Offering was announced: 2 October 2023
Last day including right: 2 October 2023
First day excluding right: 3 October 2023
Record date: 4 October 2023
General meeting resolution date: On or about 17 October 2023
Maximum number of new shares: 9,000,000
Subscription price: NOK 0.25
Shall the rights be listed: No

Launch of the Subsequent Offering will be conditional upon approval of the
Subsequent Offering by the general meeting of Black Sea Property AS.

Further information about the Subsequent Offering will be given in due course.

This information is published in accordance with the requirements of the
Continuing Obligations.

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