Black Sea Property AS: Mandatory notification of trade

Rødningen Invest AS, 100% owned by boardmember Kåre
Rødningen, a primary insider in Black Sea Property AS, has
on the, 13. January 2016 sold 700 shares in the company at a
price of NOK 3 per share.

Following the transaction, Rødningen Invest AS holds 71 800
shares in the company, corresponding to 0,26% of the total
shares outstanding.

This information is subject of the disclosure requirements
pursuant to the Continuing Obligations for companies
admitted to trading at Merkur Market.