Reference is made to the announcement on 11 March 2010 regarding the completed private placement of 45,326,000 new shares in Norwegian Property ASA. The share capital increase has today been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The new share capital of Norwegian Property ASA is NOK 249,298,416, divided into 498,596,832 shares, each with nominal value NOK 0.50. 

The new shares are expected to be issued today and immediately listed on the Oslo Stock Exchange under the ticker code "NPRO". As a consequence, the new shares are expected to be tradable as from and including today.

For further information, please contact:

Norwegian Property ASA 

Svein Hov Skjelle
CFO
Tel: +47 930 555 66
Email: svein.hov.skjelle@norwegianproperty.no

Elise Heidenreich-Andersen
Director of Investor Relations
Tel: +47 95 14 11 47
Email: eha@npro.no