The major development projects are nearing completion, and many tenants moved into their new premises during the first quarter of 2015. Overall rental income rose from NOK 181.1 million in the same period of last year to NOK 200 million. The rise was 20.1 per cent when the sale of Finnestadveien 44 and Maridalsveien 323 is taken into account. Operating profit before fair-value adjustments came to NOK 152.9 million. Profit before tax and fair-value adjustments was NOK 51 million.

Positive fair-value adjustments for investment properties totalled NOK 101.2 million, while positive fair-value adjustments for financial derivatives came to NOK 47.6 million. After NOK 54.7 million in tax expense, net profit for the period came to NOK 145 million. That yielded ordinary earnings per share (EPS) of NOK 0.26 for the first quarter. Carried equity per share came to NOK 9.91 at 31 March, up from NOK 9.65 at 31 December 2014 (Epra NAV: NOK 11.20 and Epra NNNAV: NOK 10.37 at 31 March 2015).

Webcast link:

http://webtv.hegnar.no/presentation.php?webcastId=20160030

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

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