NPRO: 1Q 2018 - EARNINGS PER SHARE NOK 0.17, DIVIDEND NOK 0.07 PER SHARE

Pre-tax profit came to NOK 141.7 million (NOK 287.2 million). After NOK 49.4 million in estimated tax expense, net profit for the period came to NOK 92.3 million. That yielded ordinary earnings per share (EPS) of NOK 0.17 for the first quarter. Carried equity per share came to NOK 14.06 at 31 March 2018, up from NOK 13.96 at 31 December 2017 (Epra NAV: NOK 15.47 and Epra NNNAV: NOK 14.65 at 31 March 2018).

Link to webcast in Norwegian: http://webtv.hegnar.no/presentation.php?webcastId=83479980 

The board of directors has approved a dividend of NOK 0.07 per share to be distributed to the registered shareholders as of 23 May 2018 (ex. Date is 7 May 2018).

For further information, please contact:

Bent Oustad, CEO
Telephone: +47 48 01 60 82
Email: bo@npro.no

This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act (’Verdipapirhandelloven’).

Norwegian Property is a focused and fully integrated office property company with 32 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 15.4 billion, is characterized by central location and attractive premises 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