Norwegian Property ASA held on 4 May its Annual General Meeting. All resolutions were passed in line with the proposals and recommendations of the Board of Directors and the Nomination Committee , including two powers of attorney to the Board of Directors, each to increase the share capital by NOK 24.8 million,or approximately 10% of the existing share capital, for a duration up to June 30, 2011.

In line with the proposals from the Nomination Committee Arvid Grundekjøn was elected new chair of the Board. Jon Erik Brøndmo was elected as new member of the Board of Directors. Nils K. Selte, Synne Syrrist and Gry Mølleskog were reelected to the Board of Directors.

Tom Furulund was reelected as the Chair of the Nomination Committee. Pål Hvammen was elected as new member of the Nomination Committee.

This information is subject of the disclosure requirements acc. to §

5-12 vphl (Norwegian Securities Trading Act)