Registration of share capital

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.

Reference is made to the stock exchange release on 28 May
2015 regarding the share capital increase in Pioneer
Property Group ASA (the "Company") by issuance of 900,000
new ordinary shares each with par value NOK 1 at a
subscription price of NOK 100, raising gross proceeds for
the Company of NOK 90,000,000. The share capital increase
was registered in the Norwegian Register of Business
Enterprises on 9 June 2015. Following the share capital
increase the Company has a share capital of NOK 16,314,470
consisting of 9,814,470 ordinary shares and 6,500,000
preference shares each of par value NOK 1.

Enquiries:

Martin P. Hoff
CFO
+47 47214721

martin@pioneerproperty.no