Please find attached the half-yearly financial report for 2022 for Pioneer
Property Group ASA (PPG PREF). 

Highlights for Pioneer Property Group ASA: 

- Total revenue from continued operations for the first half of 2022 was MNOK
38.7 compared to MNOK 12.2 for the first half of 2021

- Operating profit (EBIT) for the first half of 2022 was MNOK 68.6 compared to
MNOK 131.4 for the first half of 2021

- PPG acquired one office property and two development properties over the
period. Further one development property was acquired subsequent to the balance
sheet date.

- Pioneer Property Group ASA has sold all of the shares in Odin Bidco AS to
existing shareholders in Odin Bidco AS for a consideration of NOK 372,069,070.
The transaction was closed in June 2022.

- PPG paid two quarterly dividends to the holders of preference shares in total
NOK 4.75 per preference share and a dividend to the holders of the ordinary
shares in total of NOK 2.854 per ordinary share.

For further information, please contact: 
Øystein Grini, CFO 
Telephone: +47 46 29 67 19
E-mail: IR@pioneerproperty.no