ANNOUNCEMENTS

Norwegian Property - new appointment

Norwegian Property ASA (OSE:NPRO, NPRO.OL) has appointed Truls Birkeland in the position as Director of Investor Relations. Birkeland will be responsible for the further development of the Company's IR-strategy and its positioning in the Norwegian and international capital markets. Birkeland has extensive experience from different sides of the capital market; from Investor Relations and funding activities as well as from transaction- and exchange-related advisory services. Birkeland holds a BA (Hons.) in Business Management from the University of Newcastle upon Tyne, UK, and has held positions such as: Investor Relations Officer with Kenor ASA; Finance Manager and IRO og Crew Development Corp.; Senior Advisor with Oslo Børs (Listing and Compliance); and worked as a Director with the Corporate Finance unit of various investment banks.
 
"I look forward to taking on new challenges at Norwegian Property ASA. I see great upside in the company, which in light of its size and leading position in the Norwegian real estate market should present an attractive investment opportunity to any portfolio where commercial real estate is or should be included as an important asset class", Birkeland comments.
 
"We are very pleased to welcome Birkeland as part of our management team. His experience from both the Oslo Børs and from listed companies represents a valuable addition in our efforts to further develop this company", says CEO Petter Jansen.