Northern Log.Prop : Northern Logistic Property ASA : Contemplates private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

Northern Logistic Property ASA ("NLP" or the "Company") contemplates a private placement of up to approximately 10 percent of the Company's share capital. The objective of the private placement is to fund future growth, increase the financial flexibility, and strengthen the balance sheet of the Company. The net proceed is intended to finance future value accretive development projects, similar to the ones the Company has completed in Västerås and is about to complete in Helsingborg, or selectively pursue attractive acquisitions opportunities available in the market.

The private placement of new shares, which will be directed towards Norwegian and international institutional and professional investors (in such jurisdictions as permitted or catered for by exemption rules under applicable securities laws), will take place after close of trading on the Oslo Stock Exchange today. The private placement will be carried out through an undocumented accelerated book-building process.

In connection with the private placement ABG Sundal Collier Norge ASA is retained by the Company as Lead Manager and Sole Bookrunner, Pangea Property Partners AS is retained by the Company as Joint Lead Manager and Financial Advisor, and Advokatfirmaet Schjødt is the Company's legal advisor.

The contemplated private placement will comprise up to approximately 3 500 000 new shares, equal to up to approximately 10 percent of the current number of outstanding shares of NLP on a fully diluted basis.

The private placement is subject to the approval by the board of directors of NLP, an authorization granted at the ordinary general meeting held on 10 May 2012.

The subscription price will be determined through an accelerated book-building process. The book-building period will commence today (22 October 2012) at 16:30 (CET) and close on 23 October 2012 at 08:30 hours (CET). The Company and the manager may at their discretion resolve to extend or close the book-building at any time, however not earlier than at 19:00 (CET).

The minimum order and allocation in the private placement has been set to the number of shares that equals an aggregate subscription price of at least the NOK equivalent of EUR 100 000.

Subject to completion, payment for allocated shares is expected to be on or about 26 October 2012. The new shares will be tradable as soon as the share issue has been registered in the Norwegian Register of Business Enterprises, which is expected to take place on or about 24 October 2012.

For further information, please contact:

Northern Logistic Property ASA

Peter Strand

CEO

Tel: [phone]

Email: [e-mail]

***

IMPORTANT INFORMATION

This press release is for information purposes only and shall not constitute or be construed as an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Copies of this announcement are not being made and may not be distributed or sent into the Australia, Canada, Japan or the United States.

The shares referred to herein have not been and will not be registered under the U.S. Securities Act of  1933, as amended (the `U.S. Securities Act`), or any state securities laws, and will be sold within the United States only to qualified institutional buyers (`QIB`), as defined in Rule 144A under the U.S. Securities Act (`Rule 144A`), through affiliates of the manager, in reliance upon the exemption from the registration requirements provided by section 4(2) of the U.S. Securities Act Rule 144A, and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the U.S.  Securities Act. The shares to be offered will be subject to certain restrictions on transfer. 

Certain statements contained herein that are not statements of historical fact, may constitute forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results or events concerning the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. None of the Company, the manager or any of their  affiliates  or  advisors provide  any  assurance that the assumptions underlying such forward-looking statements are free from errors nor do any of them accept any  responsibility for the future accuracy of  the opinions  expressed  in this  press release or  the actual occurrence of the forecasted developments. Except as may be required by applicable law or stock exchange regulation, neither the Company nor the manager, or any of their affiliates or advisors, assume any obligation to update any forward-looking statements or to confirm these forward-looking statements to actual results.

This information is subject of the disclosure requirements set out in Section 5-12 of the Norwegian Securities Trading Act.