Mandatory offer from Geveran Trading Co Ltd

The board of Norwegian Property ASA refers to separate stock exchange notice from Geveran Trading Co Ltd (Geveran) announcing that Geveran makes a mandatory offer for all remaining shares in Norwegian Property ASA at a price of NOK 10.00 per share. The offer period runs from and including 18 December 2014 to 16:30 hours (CET) on 15 January 2015.

In accordance with applicable securities laws, the board of Norwegian Property will make a public statement related to the mandatory offer from Geveran. Such statement will be provided in due course and at the latest one week prior to expiry of the offer period.

The board of Norwegian Property will consider the situation on an ongoing basis and the company will inform the market and its shareholders if and when required.

Norwegian Property ASA has retained Advokatfirmaet Thommessen AS as its legal advisor and Skandinaviska Enskilda Banken (SEB) as financial advisor in this process.

Chairman of board Henrik Christensen, tel: 90 96 76 83

CEO Olav Line, tel: 48 25 41 49