Reference is made to the stock exchange notice dated 29 June 2023, where it was
announced that the general meeting of Black Sea Property AS (the "Company" or
"BSP") had approved, inter alia, an issuance of 5,250,000 warrants to the
members of the Company's Board of Directors. The warrants are granted free of
charge. Each warrant gives the holder the right to require issuance of one (1)
new share in the Company at a subscription price of NOK 0.40 per share.

The following primary insiders of the Company have been granted warrants:

o	Chairman Egil Melkevik has been granted 1,619,000 warrants;
o	Board member Hans Gulseth has been granted 1,619,000 warrants;
o	Board member Kåre Rødningen has been granted 1,369,000 warrants; and
o	Board member Dag Espen Arnesen has been granted 643,000 warrants.

Please also see the attached notification forms for further information.

For further information please contact:

Egil Melkevik, Chairman
Tel: +47 90 77 09 76
E-mail: em@ms-solutions.no

About Black Sea Property AS:

Black Sea Property AS is a real estate company with holdings in a real estate
project on the Black Sea coast called Sunrise River Beach Resort. Sunrise River
Beach Resort is a partially completed project and will upon completion comprise
approximately 950 apartments as well as significant commercial space. Black Sea
Property AS has indirect ownership to the project and will work to finalize
Sunrise River Beach Resort, to realize the project's added value through the
sale of residential units and hotel operations.

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© Oslo Bors ASA, source Oslo Stock Exchange