Notification on completed transaction of shares in Baltic Sea Properties AS by UAB “Liepu Projektas”

Reference is made to Stock Exchange notice on the 22nd of March regarding UAB
“LIEPU PROJEKTAS” (Buyer) – a company controlled by board member and primary
insider James Andrew Clarke – entering into an agreement with BCP AS, Visgun AS,
Emerging Europe Commercial Properties AS and Eruca AS (Sellers) for the Buyer’s
acquisition of in aggregate 1,779,721 shares in Baltic Sea Properties AS from
the Sellers at a price per share of NOK 56.

The transaction has now been completed on 4th of May 2021.

After the completed transaction, UAB “LIEPU PROJEKTAS” holds 1,779,721 shares in
Baltic Sea Properties AS equal to 26.61% of the outstanding shares.

For more information, please contact:

Lars Christian Berger
CEO
phone: +47 930 94 319
Lcb@balticsea.no