NPRO: Start of acceptance period for repurchase of shares

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With reference to the notice issued on 9 May 2019, where Norwegian Property ASA (the “Company”) launched an offer to all shareholders in the Company to buy back up to 54,800,000 shares in Norwegian Property ASA, through a book building process with an offer price of NOK 11.75 per share.

The offer period will start 10 May 2019 at 08:00 CEST and will end on 29 May 2019 at 16:30 CEST.

The Company has mandated DNB Markets as financial adviser and receiving agent, and shareholders wanting to sell shares can contact DNB Markets at +47 23 26 80 20. Acceptance forms will be available at from on or about 10 May 2019.

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

Tel: +47 926 97 622

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.