NPRO: Allocations to primary insiders in the offer to repurchase own shares

Reference is made to the stock exchange notice from Norwegian Property ASA (the “Company”) on 4 June 2019 regarding the final results after allocation in the offer to repurchase own shares (the “Offer”).

The following primary insiders or related parties of such have sold shares in the Offer:

Carcuel Holding AS ("Carucel"), a company controlled by Carl Erik Krefting who is a board member of Norwegian Property ASA ("NPRO"), has sold 781 958 shares in the Offer at a price of NOK 11.75 per share. Following the transaction, Carucel holds 44 884 NPRO shares directly and holds through financial instruments rights to an additional 3 500 000 NPRO shares.

For more information, please contact:
Haavard Rønning, CFO Tel.: +47 400 20 019.

The information is subject to the disclosure requirements pursuant to section 5-12 and 4-2 of the Norwegian Securities Trading Act.

Norwegian Property is a focused and fully integrated office property company with properties located in the Oslo area and Stavanger 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.