Norwegian Property ASA has successfully issued NOK 100 million in a tap issue of
NPRO09 with ISIN NO0010799547 (maturity 12 July 2024) at an issue price of
103.035% and implied issue spread of approximately 3m NIBOR + 62 bps. Total
outstanding amount in NPRO09 following the tap issue is NOK 400 million.
Settlement date will be 6 September 2021. In conjunction with the bond issue,
Norwegian Property ASA has bought back NOK 85 million of NPRO10 with ISIN
NO0010805104. The outstanding volume in NPRO10 following the buy-back is NOK 485
million.

DNB acted as Manager for the issuance.

For further information, please contact:
Haavard Rønning, CFO, +(47) 400 20 019

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.
www.npro.no

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© Oslo Bors ASA, source Oslo Stock Exchange