Norwegian Property ASA has today held its annual general meeting.

All matters were resolved as proposed in the notice, except item 12 which was withdrawn by the Board prior to the general meeting's consideration thereof. 

The general meeting resolved to grant the board two powers of attorneys to increase the share capital, each by up to NOK 24 900 000 by subscription of new shares equivalent  to just below 10 per cent of the current share capital. In addition, the board was granted a power of attorney to purchase own shares with a total nominal value of up to NOK 24 900 000, which is equivalent to just below 10 per cent of the current share capital.

Dividend for the financial year 2010 of NOK 0.10 per share was approved, totaling NOK 49 859 683.20. Dividend will be distributed to the company's shareholders as of the date of the annual general meeting. The share will be traded ex-dividend as from Friday 6 May 2011. Dividend is expected to be disbursed on or about 25 May 2011.
 

For further information, please contact:

Svein Hov Skjelle, CFO
Telephone: +47 930 55 566 
Email:  shs@npro.no
 

Elise Heidenreich-Andersen, IR director
Telephone: +47 951 41 147 
Email: eha@npro.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.