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