Please find attached the half-yearly financial report for 2023 for Pioneer
Property Group ASA (PPG PREF). 

Highlights for Pioneer Property Group ASA: 

o Contractual rental income from continued operations for the first half of 2023
was MNOK 49.8 compared to MNOK 38.7 for the first half of 2022.

o Operating profit (EBIT) for the first half of 2023 was MNOK 61.6 compared to
MNOK 68.6 for the first half of 2022.

o PPG added one office property (combined office and warehouse) in Mo i Rana
over the period due to the acquisition of additional shares in BM3 Eiendom which
is now regarded as a subsidiary.

o PPG paid two quarterly dividends to the holders of preference shares in total
NOK 5.00 per preference share and a dividend to the holders of the ordinary
shares in total of NOK 3.05 per ordinary share.

o An acquisition of 50% of the shares in a Joint Venture company owning three
hotels with a total real estate value of MNOK 270.0 in Sweden was acquired
subsequent to the balance sheet date.

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