NPRO: Preliminary results from the offer to repurchase own shares

Reference is made to the stock exchange notice from Norwegian Property ASA (the “Company”) on 9 May 2019 regarding the announcement of repurchase of shares (the “Offer”). The Company hereby announces that preliminary numbers shows that the Company has received acceptances for approximately 60 million shares at a price of NOK 11.75 per share. The Company has thus received acceptances for more shares than the size of the Offer.

Allocation will take place before 4 June 2019 at 18:00 CEST. The trade date will be 4 June 2019 with settlement date on or about 7 June 2019.

Following allocation the Company will own 54 821 236 own shares.

DNB Markets is acting as financial advisor and receiving agent for the repurchase of 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 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.

www.npro.no