NPRO: Increase of share capital

29 Nov 2024 14:55 CET

The general meeting of Norwegian Property ASA (NPRO) has resolved to increase
the equity in NPRO through a share capital increase with a total contribution of
NOK 500 million. All new shares have been subscribed for by Geveran Trading Co.
Limited.

As previously communicated, we work continuously to optimize our capital
structure, and the issue is a confirmation of this. The issue is related to the
takeover of Martin Linges vei 33.

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

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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633558_NPRO_EGM_Minutes_Capital_increase_issuance_of_new_shares.pdf
633558_NPRO_Vedtekter.pdf