NPRO: Notice of extraordinary general meeting

Please find Notice of extraordinary general meeting in Norwegian Property ASA enclosed. The general meeting will be held on Monday 10 August 2020 at 0830 hours CET at Bryggegata 6 (5th floor) in Oslo, Norway. The notice will be sent to all shareholders and is also available at the company's website www.norwegianproperty.no.

The board has decided to call an extraordinary general meeting to request authorization to increase the share capital by up to NOK 49,985,000 by subscription of new shares, equivalent to just below 20% of the current share capital. The power of attorney will be in addition to the powers of attorney granted to the Board of Directors the Annual General Meeting on 16 April 2020. The grounds for the proposal are that the Board of Directors wishes to be able to raise capital by issuing new shares in connection with the acquisition of Veidekke Eiendom. It is also proposed that the Board of Directors may resolve to deviate from the existing shareholders' preferential right to the new shares.

Norwegian Property ASA will comply with all measures taken by the Government in connection with COVID-19. This could include limiting the number of shareholders allowed to physical attend the General Meeting.

 For additional information, please contact:
Bent Oustad
Chief Executive Officer
Phone: +47 480 16 082
Email: bo@npro.no

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

www.npro.no