NPRO: CONSIDERING EARLY REDEMPTION OF BONDS

Norwegian Property ASA is considering to initiate a dialogue with investors in the bond issue NPRO04 (ISIN: NO0010709371), with regard to a potential early redemption of the bonds.

Nordea Markets and SEB is engaged as advisors for this process.

For more information, please contact:

Norwegian Property ASA: Svein Hov Skjelle, CFO, tel: +47 930 55 566, email: shs@npro.no

Nordea Markets:  Jan-Erik Nilsen, tel: +47 22 48 77 85, email: jan.erik.nilsen@nordea.com

SEB: Mads Aamodt, tel: +47 22  82 72 58, email: mads.aamodt@seb.no

Norwegian Property is a focused and fully integrated office property company with 39 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 16.2 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