NPRO - New CEO in Norwegian Property ASA

On the 1. of January 2018 Bent Oustad will begin as new CEO in NPRO.

The board is very happy to have on board Bent Oustad as new leader of the company. We have found a very good candidate to create new growth and to improve and develop further all the properties in NPRO, says Chair of the Board Martin Mæland.

Bent Oustad holds a Master in Business Administration (siv . øk.) from NHH – Norwegian School of Economics.

Oustad has for the last 15 years worked at ABG Sundal Collier in different positions.

Before that he worked five years for Arthur Andersen.

Previously, Oustad was a partner at ABGSC. He has worked in different positions within finance, corporate finance and asset management. He has extensive experience in buying, selling and management of properties.

From 2003 he was responsible for establishing the asset management-function of real estate funds in ABGSC and had at the end the responsibility of real estate worth approx. NOK 45 billions. Since 2010, Oustad has been appointed head of real estate in ABGSC, and been responsible for both funds and listed real estate within the group.

- Norwegian Property is an exciting company, owning good properties with further potential. I am looking forward to get to know the company's competent employees and their work throughout the value chain. I look forward to joining Norwegian Property in January, and help to further develop the company for the benefit of tenants, shareholders and employees of the company, says Oustad.

For further information contact:

Chair of the Board Martin Mæland, mobile 90 79 10 79

Bent Oustad, mobile 48 01 60 82