ANNOUNCEMENTS

NPRO: Successful placement of a new senior secured bond

Reference is made to the notification dated 23 September 2019. Norwegian Property ASA has today issued a new NOK 505m senior secured bond with a fixed interest rate of 2.666% p.a. (corresponding to 3m Nibor + 1.05%).

The proceeds will be used for refinancing of existing debt and general corporate purposes. Nordea acted as Sole Manager for the bond issuance.

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