NPRO: Norwegian Property ASA - Successful tap issue of NPRO23 and buy-back of NPRO20

20 May 2025 14:50 CEST

Norwegian Property ASA has today successfully issued NOK 500 million in a tap
issue of NPRO23 (ISIN: NO0011086969) at an issue spread of 3m NIBOR + 65.5 bps.
In connection with the tap issue, the company has bought back NOK 394 million of
NPRO20 (ISIN: NO0010894785).
The proceeds will be used to refinance NPRO20 and for general corporate
purposes.
The settlement date is May 26, 2025.
SpareBank 1 Markets was the manager 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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