The general meeting of Norwegian Property ASA (NPRO) has today resolved a share capital increase with a total contribution of NOK 253.5 million, through the issuance of 497,064,476 new shares with a nominal value of NOK 0.51 at a price of NOK 12.57 per share. The capital increase is carried out as a contribution in kind, where the company’s sole owner, Realty Holdings (NOR) Limited, transfers its 71,973,181 shares in Fabege AB to NPRO in exchange for 497,064,476 shares in NPRO. As a result of the capital increase, the share capital in NPRO will be increased by NOK 253,502,882.76 to NOK 597,377,280. The number of shares after the capital increase will be 1,171,328,000. The company’s articles of association will be amended to reflect the new share capital.

The share issue provides a significant strengthening of NPRO’s balance sheet.

Minutes from the extraordinary general meeting and updated articles of association are attached.

For further information, please contact:
Haavard Rønning, Interim CEO/CFO, phone: +47 400 200 19, e-mail: hr@npro.no

This information is subject to disclosure requirements under Euronext Oslo Rule Book II, section 6.2.2