Mandatory notification of trade

Oslo, 7 June 2024. Reference is made to the stock exchange announcement published by Baltic Sea Properties AS ("BALT" or the "Company", and together with the Company's subsidiaries, "BSP") on 31 May 2024 regarding the successful private placement and conditional allocation of up to 1,781,395 new shares (the "Offer Shares") in the Company at a subscription price of NOK 49.00 per Offer Share (the Subscription Price) (the "Private Placement"). Following the approval of the Private Placement by the Company's Annual General Meeting the following primary insiders have subscribed for, and been allocated, Offer Shares in the Private Placement at the Subscription Price as follows: - UAB Baltic Equity, a company controlled by James Andrew Clarke (Chairman of the Board) was allocated and subscribed for 1,448,979 Offer Shares (approximately NOK 70,999,971). - Arthen Invest AS, a company controlled by Lars Christian Berger (CEO), was allocated and subscribed for 11,836 Offer Shares (NOK 579,964). Primary insider notifications pursuant to the EU Market Abuse Regulation Article 19 are attached. For further information, please contact: Lars Christian Berger CEO Phone: +47 930 94 319 Email: Lcb@balticsea.no This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act, EU Market Abuse Regulation Article 19 and Euronext Growth Oslo Rule Book II.