PIONEER PROPERTY GROUP ASA: PUBLICATION OF INFORMATION MEMORANDUM

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION

Reference is made to the stock exchange announcement published on 9 October 2019 by Pioneer Property Group ASA ("PPG") regarding the agreement entered into between PPG and Odin Bidco AS regarding the sale by PPG of all the shares in Pioneer Public Properties AS and Pioneer Management AS (the "Transaction"), and the stock exchange announcement published on 24 October 2019 regarding completion of the Transaction.

As required by Section 3.5 of the Oslo Stock Exchange's Continuing Obligations of Stock Exchange Listed Companies, an information memorandum related to the Transaction has been prepared by PPG. The information memorandum was approved by the Oslo Stock Exchange on 19 November 2019.

The information memorandum is enclosed hereto and is also available on PPG's webpage, www.pioneerproperty.no.
For further information, please contact:

Ole-Kristofer Bragnes, CFO
Telephone: +47 917 03 415
E-mail: IR@pioneerproperty.no

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

This announcement and the enclosed information memorandum may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. PPG does not intend to register any portion of its securities in the United States or to conduct a public offering of the securities in the United States.