Mandatory notification of trade in Norwegian Property ASA

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Tamelin Invest AS, a company fully owned by Petter Jansen, CEO and primary insider of Norwegian Property ASA, has today 16 May 2007 at 12:20 bought 35 000 shares in Norwegian Property ASA put on a forward contract at NOK 84,3379 with expiry date 16 November 2007. After this transaction Petter Jansen and related parties hold 75 000 shares on forward contract in Norwegian Property ASA.

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