Reference is made to the voluntary offer for all outstanding shares in Norgani Hotels ASA (the "Offer") by Oslo Properties AS ("OPAS" or the "Offeror") set out in the offer document dated 17 September 2007 (the "Offer Document"). To the benefit of the shareholders in Norgani Hotels ASA, OPAS has decided to make the following amendments to the Offer:





All terms defined in the Offer Document shall have the same meaning when used herein.
 
Oslo, 21 September 2007
Contacts:
Oslo Properties AS;
Jostein Devold (Chairman of the Board) - +47 90880049
Norwegian Property ASA;
Petter Jansen (CEO) - +47 90 09 87 28
Scandic Hotels AB;
Frank Fiskers (CEO) - +46 709 73 52 03