NPRO: Norwegian Property ASA: Successful issuance of NOK bonds

29 May 2024 15:51 CEST

Reference is made to the notification dated 27 May 2024. Norwegian Property ASA
has today issued NOK 975 million in new senior secured bonds with a tenor of 5
years. The transaction was split into two tranches:

-NOK 635 million in a 5-year senior secured bond issue with a coupon of 3 months
Nibor +1.50% p.a.

-NOK 340 million in a 5-year senior secured bond issue with a coupon of 5.50%
p.a.

DNB Markets and SEB acted as Managers for the transaction.

For further information, please contact: Haavard Rønning, CFO, Mobile +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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