ANNOUNCEMENTS

Fossum suggested as new board member of Norwegian Property ASA

(Oslo, May 4. 2007) Anne Birgitte Fossum, 47, has been suggested as a new board member in Norwegian Property. She has broad experience from being on the board of several companies over the last 13 years.
 
Fossum holds a MBA degree from St. Gallen in Switzerland and has international work experience with finance, export and consumer brands. Since 1994, she has held several board positions in the Foinco group. She has broad experience with business property through board positions in Heidenreich Eiendom AS and Heidenreich Holding AS, which she has held since 1999. In 2000, she became chairperson of the board in the private equity company Foinco AS, which is an investment company in the SMB-industry. Fossum also holds board positions in companies in the investment, commodity production and technology industries.
 
Fossum is replacing Karen Helene Ulltveit-Moe, who has chosen to leave the board.