(Oslo, 4 October 2006) Hege Bømark and Karen Helene Ulltveit-Moe were elected to the board of Norwegian Property ASA during the company's extraordinary general meeting today.
 
Hege Bømark has a degree from the School of Economics and Business Administration (NHH), Bergen. She has a background as financial analyst at Orkla Finans and Fearnley Finans, with real estate as one of her specialities. She has also been involved in numerous start-ups, IPO's and restructurings of real estate companies. Bømark has been project manager for AS Eiendomsutvikling, and was involved in syndication of real estate projects and the stock market. She has board positions in Block Watne Gruppen, Block Watne AS and Norgani Hotels.
 
Karen Helene Ulltveit-Moe is a Professor of International Economics, Department of Economics at the Oslo University. She has a degree from the University of Mannheim in Germany and Dr.oecon from the Norwegian School of Economics and Business Administration. She has also studied at London School of Economics. Ulltveit-Moe holds board positions in REC, IM Skaugen and Kverneland.
Norwegian Property has recently filed its listing application at Oslo Børs. The new board members will be in place from the date of listing. The board also consists of Knut Brundtland (chairman) Torstein Tvenge, Egil K. Sundbye and Jostein Devold.
 
 
 
Norwegian Property ASA in brief:
Norwegian Property ASA will offer investors a liquid investment option exposed to commercial property in Norway. It invests in large, centrally-located commercial properties in the main Norwegian towns. The long-term aim is to become the biggest and most liquid investment option in Norway's commercial property market. The company is listed on Norway's over-the-counter market (NOTC) with the ticker code NPRO, and has recently filed its listing application at Oslo Børs.
 
Further information from
Knut Brundtland, chairman, Norwegian Property ASA,tel: +47 40 06 20 20
Petter Jansen,  president and CEO, tel: +47 90 09 87 28