A number of premises were completed and occupied by new tenants during the third quarter of 2014, and overall rental income rose from NOK 172 million in the same period of last year to NOK 187 million. Rental income rose by 11.5 per cent when the sale of Finnestadveien 44 and Maridalsveien 323 is taken into account. Operating profit before fair-value adjustments came to NOK 139.5 million. Profit before tax and fair-value adjustments was NOK 40.3 million.

Positive fair-value adjustments for investment properties totalled NOK 89.8 million, while negative fair-value adjustments for financial derivatives came to NOK 24.1 million. After NOK 101.6 million in negative tax expense, net profit for the period came to NOK 207.6 million. This yielded ordinary earnings per share (EPS) of NOK 0.38 for the third quarter. Carried equity per share came to NOK 9.62 at 30 September, up from NOK 9.25 at 30 June (Epra NAV: NOK 10.70 and Epra NNNAV: 10.05 at 30 September 2014).

Webcast link: http://webtv.hegnar.no/presentation.php?webcastId=19429182  

This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act (’Verdipapirhandelloven’).

For further information, please contact:

Olav Line, CEO

Telephone: +47 482 54 149

Email: ol@npro.no

Svein Hov Skjelle, CFO

Telephone: +47 930 55 566

Email: shs@npro.no