Reference is made to the notification dated 16 November 2020. Norwegian Property ASA has today issued NOK 1,250 mill in new senior secured bonds. NOK 400 mill has been issued with a tenor of 3 years and a coupon of 3 month Nibor + 1.06% while NOK 850 mill has been issued with a tenor of 5 years and a coupon of 3 month Nibor + 1.33%. The transaction was substantially oversubscribed.

DNB Markets and SEB acted as Joint Bookrunners.

For further information, please contact:

Haavard Rønning, CFO, Mobile +47 400 20 019.