NPRO Makes Large Sale in Oslo

Norway — Norwegian Property has entered into an agreement to sell Stortingsgata 6 to Deka Immobilien. Agreed property value in the transaction is MNOK 506.5 (EUR 54.8M), compared to MNOK 489.8 (EUR 53M) in the most recent valuation as of end of second quarter 2016.

2016-09-20

The transaction will be completed mid October 2016 in the form of sale of the property owning company.

The sale is in line with Norwegian Property's strategy of active portfolio development, and the transaction underpins the values of the company's property portfolio. No employees are part of the transaction.

Key numbers for the property:

· Gross space (sqm) 6,689
· Run rate gross rents (MNOK, Q2) 21

Axel Ohlsson

[email protected]