ANNOUNCEMENTS

Notification

Carucel Holding AS, which is 100% owned by Carl Erik Krefting, has on January 22, 2019 extended a TRS agreement relating to 4.326.842 shares in Norwegian Property. Carl Erik Krefting is a board member of Norwegian Property and a related party to Carucel Holding AS. The new termination date of the TRS agreement is January  24, 2020. The excercise price on the agreement is NOK 10.800 per share. Carucel Holding AS' ownership in Norwegian Property is following this transaction unchanged at 0 shares. In addition Carucel Holding AS holds a TRS Agreement with an underlying exposure to 4.326.842 shares in Norwegian Property.