Approved Prospectus

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY,
TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO
THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL.

Pioneer Property Group ASA - Approved Prospectus

Oslo, 4 June 2015 - Reference is made to the stock
exchange notice of 20 May 2015 regarding the application
for listing of the preference shares in Pioneer Property
Group ASA ("Pioneer Property Group" or "the Company") on
Oslo Axess.

The Financial Supervisory Authority of Norway has approved
the prospectus dated 3 June 2015 that has been prepared in
connection with the public offering of existing preference
shares in the Company and the listing of the Company's
preference shares on Oslo Axess.

The prospectus will, subject to regulatory restrictions in
certain jurisdictions, be available at
www.pioneercapital.no, www.abgsc.no and www.swedbank.no
from today. Hard copies of the prospectus may also be
obtained free of charge by contacting the Company, ABG
Sundal Collier Norge ASA or Swedbank.

This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities
Trading Act.


Enquiries:

Martin P. Hoff
CFO
+47 47214721

www.pioneerproperty.no