NEW EVP COMMERCIAL

Tore Heldrup Rasmussen (53) has been appointed to a new position as Executive Vice President Commercial of Norwegian Property ASA.

Tore Heldrup Rasmussen has a long and extensive experience from business development, marketing and sales in Procter & Gamble, Orkla, and during the last 12 years as partner in MarkUp/Implement Consulting Group. He also has experience from several board positions, including 10 years as member of the board of directors of NSB (Norwegian State Railways). Rasmussen will assume the position in August.

With Rasmussen’s experience from business development, marketing and sales combined with Norwegian Property’s broad experience from the real estate sector, we have strengthened our position for further development of the company. We see a major potential for value creation in our existing portfolio as well as in acquisition opportunities. I am very pleased to welcome Tore Heldrup Rasmussen to our management and the future growth of Norwegian Property,” says CEO Olav Line.

For additional information, please contact:

Olav Line, CEO Norwegian Property, phone +47 482 54 149

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 41 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 15 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