Successfully completed bond issue

With reference to the stock exchange notice on 7 June 2016,
Pioneer Public Properties AS, a wholly owned subsidiary of
Pioneer Property Group ASA, has successfully completed a NOK
1,000 million senior unsecured bond issue with maturity in
May 2021. The bond issue was oversubscribed. Settlement date
is expected to be 1 July 2016. The proceeds will be used to
partly refinance existing financial indebtedness included
two bonds of the subsidiaries Pioneer Public Properties II
AS and Pioneer Public Properties III AS as further described
in the stock exchange notice on 7 June 2016, and the
remainder to be used for general corporate purposes.

An application will be made for listing of the bonds on Oslo
Stock Exchange.

Pareto Securities acted as manager for the bond issue.

For further information, please contact:

Pioneer Property Group ASA
Runar Rønningen, CEO
+47 90690038
runar@pioneerproperty.no

Martin P. Hoff, CFO
+47 47214721
martin@pioneerproperty.no