NPRO: Contemplating sale of own bonds

Norwegian Property ASA has mandated Nordea and SEB to investigate the opportunity of selling some or all of its existing holdings in the bonds with ISIN NO0010695034 (NPRO02) and NO0010720600 (NPRO05). The company currently owns NOK 126 million in NPRO02 and NOK 291 million in NPRO05, and any potential sale will be subject to market conditions.

For further information, please contact:

Norwegian Property ASA
Svein Hov Skjelle, CEO
Phone: +47 930 55 566

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 14.0 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.