Pioneer Property : Mandatory notification of trade / shareholder disclosure

The Board of Pioneer Capital Partners AS has today decided to distribute its ownership of 185,333 preference shares in Pioneer Property Group ASA ("PPG") to its respective shareholders at a value of NOK 99 per share in line with recent trading. As a result, certain primary insiders have increased their ownership in PPG and two shareholders have also crossed the 5% ownership in the PPG preference share - as detailed below. Mecca Invest AS, an investment company controlled by primary insider Roger Adolfsen, will increase its holding of preference shares from 285,232 to 340,832, including existing ownership of 1,417,852 ordinary shares. After the transaction, Mecca Invest AS will own 10.8% of the total shares in PPG (ordinary and preference shares combined), 5.2% of the preference shares, and 13.9% of the total voting capital (accounting for the 1/10th voting right of the preference shares). Klevenstern AS, an investment company controlled by Kristian Adolfsen, will increase its holding of preference shares from 285,232 to 340,832, including existing ownership of 1,417,852 ordinary shares. After the transaction, Klevenstern AS will own 10.8% of the total shares in PPG (ordinary and preference shares combined), 5.2% of the preference shares, and 13.9% of the total voting capital (accounting for the 1/10th voting right of the preference shares). Sarepta Holding AS, an investment company controlled by primary insider Runar Rønningen, will increase its holding of preference shares from 0 to 55,600 shares. MPH Invest AS, controlled by primary insider Martin P. Hoff, will increase its holding of preference shares from 0 to 18,533 shares. Inquiries: Martin P. Hoff CFO +47 47214721 martin@pioneerproperty.no