NPRO 1Q 2017: PROFIT AFTER TAX OF NOK 212.1 MILLION, DIVIDEND NOK 0.07 PER SHARE

Profit after income tax for first quarter 2017 came to NOK 212.1 million (compared to NOK 99.8 million in the same quarter 2016). Ordinary earnings per share (EPS) was NOK 0.39 for the first quarter 2017. Carried equity per share came to NOK 12.10 at 31 March 2017, up from NOK 10.72 at 31 March 2016 (Epra NAV: NOK 13.19 and Epra NNNAV: NOK 12.87 at 31 March 2017).

The board of directors has approved a dividend of NOK 0.07 per share to be distributed to the registered shareholders as of 5 May 2017 (ex. Date is 8 May 2017).

Webcast link:

http://webtv.hegnar.no/presentation.php?webcastId=51532729

For further information, please contact:

Svein Hov Skjelle, CEO

Telephone: +47 930 55 566 

Email:  shs@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 14.3 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