Norwegian Property ASA has today held its annual general meeting. All matters
were resolved as proposed in the notice.

The board of directors' proposal to the annual accounts and the annual report
for Norwegian Property ASA for the financial year 2020 was approved by the
general meeting.

The annual general meeting re-elected Merete Haugli as Chair, Bjørn Henningsen
as Deputy Chair, Kathrine Astrup Fredriksen, Cecilie Astrup Fredriksen, Lars
Erich Nilsen, Carl Erik Krefting and Anders Buchardt as ordinary board members
for a period until the annual general meeting in 2022.

The members of the nomination committee were not up for election.

The General Meeting approved the new guidelines for remuneration of senior
executives.

The board of directors was granted a power of attorney to increase the share
capital by up to NOK 32,490,000 by subscription of new shares, equivalent to
just below 10 per cent of the current share capital. In addition, the board of
directors was granted a power of attorney to raise a convertible loan of NOK
840,000,000 in total. If the power of attorney is used, the company's share
capital may be increased by up to NOK 32,490,000. The board of directors' use of
powers of attorney granted by the annual general meeting to issue new shares
shall in total not exceed 10 per cent of the share capital.

In addition, the board of directors was granted a power of attorney to purchase
own shares with a total nominal value of up to NOK 32,490,000, which is
equivalent to just below 10 per cent of the current share capital. The board was
also granted a power of attorney to resolve to distribute dividend on the basis
on the company's annual accounts for 2020.

Attached is an unofficial office translation of the minutes of the annual
general meeting.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For additional information, please contact:
Bent Oustad, CEO,
tel. +47 480 16 082
Email: bo@npro.no

Norwegian Property is a focused and fully integrated office property company
with properties located mainly in the Oslo area in Norway. The portfolio is
characterized by central location and attractive premises with high quality
tenants. The group's properties consist largely of office premises, associated
warehousing and car parking, as well as retail and catering space. The company
has identified four value drivers for long-term value creation; Marketing &
letting, Property management, Property development and Transactions & finance.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.
www.npro.no

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© Oslo Bors ASA, source Oslo Stock Exchange