As a consequence of buy-backs of the own bond NO 0010564412 * NORWEGIAN PROPERTY ASA 10/12 to a total value of NOK 121 million done in 2010 and 2011, Norwegian Property ASA has redeemed the bond by a total of NOK 121 million. The remaining outstanding amount after the redemption is NOK 114 million with maturity in March 2012.

This information is subject of the disclosure requirements acc. to § 5-12.

For additional information, please contact:

Svein Hov Skjelle, CFO, tel. +47 930 555 66, shs@npro.no

Elise Heidenreich-Andersen, SVP IR, tel. +47 951 41 147, eha@npro.no