Norwegian Property ASA has bought back NOK 60 millioner (par value) of the own bond NO 0010564412. The remaining outstanding amount after the buy-back is NOK 175 million which has a margin of 2.75 percent above NIBOR.

The buy-back is part of a balance adjustment following the sale of Norgani Hotels.

For further information, please contact:

Svein Hov Skjelle, CFO, phone +47 930 555 66