CORRECTION: Norwegian Property ASA - Completes NOK 557 million private placement to fund the acquisition of Snarøyveien 30 at Fornebu

Carl Erik Krefting, Board member holds 4,262,801 shares through financial instruments instead of 3,500,000.  

 * Carl Erik Krefting, Board member, was allocated 356,664 shares in the Private Placement through one or more controlled entities. Following completion of the Private Placement, Carl Erik Krefting and related parties will own 356,664 shares in the Company, and 4,262,801 shares through financial instruments, in aggregate equal to 0.71% of the share capital. In addition Krefting has options which need to be exercised within 19 October 2021 for subscription of 500,000 shares in the Company as follows: 333,333 of the options are exercisable, while the remaining 166,667 options will be exercisable from 1 January 2021;

Norwegian Property is a focused and fully integrated office property company with properties located mainly in the Oslo area in Norway. The portfolio 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