STATEMENT FROM THE BOARD OF DIRECTORS OF NORWEGIAN PROPERTY ASA REGARDING THE MANDATORY OFFER FROM GEVERAN TRADING CO LTD

The statement from the Board in accordance with section 6-16 of the Norwegian Securities Trading Act in connection with the mandatory offer from Geveran Trading Co Ltd is enclosed.

A fairness opinion dated 4 October 2016, submitted by Swedbank Corporate Finance, is also enclosed.

For further information:

Chairman of board, Martin Mæland, tel: +47 907 91 079