Norwegian Property ASA has entered into an agreement to sell Lysaker Torg 35 in Oslo to KLP Eiendom, the real estate company of the life insurance company KLP. Agreed property value in the transaction is NOK 601.5 million. The transaction will be completed medio August 2015 in the form of sale of the property owning company with market adjustment for form of ownership. At the end of the first quarter 2015 the valuation of the property was NOK 545.9 million.

Lysaker Torg 35 is the only property owned by Norwegian Property at Lysaker. The building was until 2013 occupied by a single tenant, and was converted to a multi tenant building when the previous tenant If insurance relocated in the second quarter of 2013. The building is currently close to fully occupied and annual rental income at the end of the second quarter 2015 was NOK 33.9 million with an average duration of 4.9 years. The building has a total space of 21,800 square meters of which 14,000 square meters are offices. The remaining space comprises storage and parking.

The sale is in line with Norwegian Property’s strategy of active portfolio development.

Akershus Eiendom has acted as advisor to the seller in the transaction.

For additional information, please contact:

Svein Hov Skjelle, acting CEO / CFO, Norwegian Property, phone +47 930 55 566

www.norwegianproperty.no (http://www.norwegianproperty.no/)