North Bridge Management AS, a close associate of Board member Dag Espen Arnesen,
has today agreed to transfer a total of 14 159 079 shares in Black Sea Property
AS to a related party of North Bridge Management AS within the same corporate group for a price of NOK 0.12
per share.
Please refer to the attached notification form for further information.
This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19.
For further information, please contact:
Egil Melkevik, Chairman
Tel: +47 90 77 09 76
E-mail: em@ms-solutions.no
About Black Sea Property AS:
Black Sea Property AS is a real estate company with holdings in a real estate project on the Black Sea coast called Sunrise River Beach Resort. Sunrise River Beach Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space. Black Sea Property AS has indirect ownership to the project and will work to finalize Sunrise River Beach Resort, to realize the project's added value through the sale of residential units and hotel operations.