NPRO - AGREEMENT TO SELL STRANDSVINGEN 10,STAVANGER

Norwegian Property ASA has entered into an agreement to sell Strandsvingen 10 in Stavanger to Sakon AS. Agreed property value in the transaction is NOK 30,9 million, which is marginally above current valuation. The transaction will be completed in the beginning of March 2016 in the form of sale of the property owning company with market adjustment for form of ownership.

Strandsvingen 10 is a relatively small property located at Gausel outside of Forus, and adapted and leased to NOKAS. The sale is in line with Norwegian Property’s strategy of active portfolio development.

For additional information, please contact:

Svein Hov Skjelle, CEO, Norwegian Property, phone +47 930 55 566

www.norwegianproperty.no (http://www.norwegianproperty.no/)

Norwegian Property is a focused and fully integrated office property company with 38 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 16.3 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