Norwegian Property ASA has issued a new 4 year bond totalling NOK 1 335 million.

The loan is issued with an coupon of 3 month NIBOR + 1.50 % p.a. The loan is secured by pledge in the property Verkstedhallene based on an LTV of about 65 per cent.

The bond has been issued with payment 5 July 2016. The purpose of the bond is refinancing of existing bank loan and general corporate purposes.

Norwegian Property will apply for the new bond to be listing on Oslo Børs.

In connection with the issue of the new bond, Norwegian Property has bought NOK 388 million of NPRO 01. The bond is secured by pledge in the properties Verkstedveien 3 and Drammensveien 134. The repurchase is part of the preparations for the settlement of the sale of the properties to Entra Eiendom AS. A short term credit facility will be established to finance the repurchase of the bonds. Maturity of the new credit facility will be on the settlement date for the property divestment.

Danske Bank and DNB Markets are arrangers of the bond.

For further information, please contact:

Norwegian Property ASA

Svein Hov Skjelle, CEO

Telephone: +47 930 55 566