RESULTS OF BONDHOLDERS' MEETING

The bondholders' meeting held today on 28 May 2015 voted in favor of the company's proposal for an early redemption of the bond issue with ISIN NO 001 0709371. The NOK 350 million bond issue will be repaid at 102.00% of par value plus accrued interest on 5 June 2015.

See attached notice from Nordic Trustee.

For more information, please contact:

Svein Hov Skjelle
EVP&CFO
Tel: 47 930 55 566
Email: shs@npro.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