Strategic update

Arctic Securities and Union Corporate and the lawfirm Thommessen has been mandated by the board of directors of Norwegian Property to assist in a potential sales process for some of the company’s properties. The mandate also include considering the strategic alternatives for the company going forward.

Norwegian Property’s properties on Aker Brygge in Oslo have over the last few years undergone a major transformation and upgrade. After the refurbishment the Aker Brygge area comprise some of the most attractive properties in the CBD of Oslo. Going forward these properties are consider core assets for Norwegian Property. The ambition of the company is over time to strengthen the position in this area.

Norwegian Property has received indicative bids for the company’s assets outside Aker Brygge. On this background processes are ongoing which eventually may lead to a transaction involving these assets.

The processes are expected to be concluded during the first quarter of 2016 and the board will communicate the final outcome in a  separate stock exchange release.

Contact

Chair of the Board of Directors, Henrik A. Christensen, phone +47 909 67 683

e-mail: henrik@rosom.no