NPRO – New EVP of Development

Bjørn Holm (52) has been appointed Executive Vice President of Development of Norwegian Property ASA.

Bjørn Holm has a long and extensive industry experience, both from the construction and the real estate businesses, including positions in NCC Norge AS and Hæhre Bygg AS. Most recently he held the position as Executive Vice President Projects and Development in Entra Eiendom AS, where he has been employed since 2004. Holm will assume the position 1 October.

“Norwegian Property has several ongoing redevelopment projects with a high degree of preletting. With Bjørn Holm on our team we will strengthen the focus on profitable project development and project execution. He has a long and extensive background from project development, management of project organisations and project execution. I am very pleased to welcome Bjørn to Norwegian Property and to the continued positive development of Norwegian Property,” says CEO Olav Line.

Bjørn Holm takes over the position from Fredrik Bauman who will leave the company.

For further information, please contact:

Olav Line, CEO phone +47 48 25 41 49

Norwegian Property is a focused and fully integrated office property company with 42 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 14.5 billion, is characterized by central location and attractive premises with low vacancy and high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.

Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.

www.npro.no

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