NPRO 3Q 2016: PRELIMINARY RESULTS

Geveran Trading Co Ltd ("Geveran") has made a mandatory offer («Offer») to acquire all issued and outstanding shares in Norwegian Property ASA. The acceptance period for the Offer is to and including 20 October 2016 at 16:30 hours (CET).

Norwegian Property has its ordinary presentation of the Q3 results on 21 October 2016, following the end of the acceptance period for the mandatory offer. In order to secure that all relevant information is available, the Board is issuing this stock exchange release with some of the key figures for the third quarter 2016 based on the preliminary accounts. The data has not been audited.

Key P&L-numbers for the third quarter 2016:

-          Profit before tax was NOK 260.7 million in the third quarter 2016 (improvement from NOK 76.5 million in the same quarter in 2015).

-          Profit for the period (after tax) was NOK 195.7 million (NOK 71.2 millioner).

The ordinary presentation of the results with detailed information will be carried out as originally planned on 21 October 2016. Before this date dialogue on financial information will be limited to the content in this stock exchange release.

This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act ('Verdipapirhandelloven').

For further information, contact:

Svein Hov Skjelle, CEO

Phone: +47 930 55 566

Email: shs@npro.no