Reference is made to the stock exchange announcement on 15 July 2021 where it was announced that Geveran Trading Co. Limited ("Geveran") had acquired shares equalling more than 90% of the shares and votes in Norwegian Property ASA (the "Company"). The board of directors of Geveran intends to resolve a compulsory acquisition of all the remaining shares in the Company not already owned by Geveran (the "Minority Shares") effective from end of trading on the Oslo Stock Exchange on 16 August 2021. The offered redemption price for each Minority Share will be NOK 18.25, which is the same price at which Geveran has purchased shares in the acquisition announced on 15 July 2021 and in transactions in the market thereafter. The full redemption amount will be placed on a separate bank account in accordance with Section 4-25 of the Norwegian Public Limited Liability Companies Act.

Following the resolution on the compulsory acquisition after the end of trading on the Oslo Stock Exchange on 16 August 2021, the rights and ownership of the Minority Shares will automatically be transferred to Geveran. Accordingly, Geveran will thereafter be the beneficial owner of 100% of the shares in the Company (other than treasury shares held by the Company itself).

After the compulsory acquisition is resolved by the board of directors of Geveran, a letter regarding the compulsory acquisition will be sent to all former shareholders of the Company with known address and whose shares have been acquired by way of the compulsory acquisition. In addition, the compulsory acquisition will be announced in the Brønnøysund Register Center's electronic publication. Any objections to, or rejection of, the offered redemption price must be made no later than two months after such announcement.

As announced in the announcement of 15 July 2021, Geveran may purchase further shares in the market until 1630 CEST tomorrow, 13 August 2021 at NOK 18.25 per share. Any shareholder wishing to sell its shares to Geveran on this basis can do so through ABG Sundal Collier (phone: +47 22 01 60 00 / mail: reception.oslo@abgsc.no) or DNB Markets, a part of DNB Bank ASA (phone: +47 24 16 90 20 / mail: gunnar.laksesvela@dnb.no). Geveran reserves the right to accept or reject any shares offered to it at its sole discretion. Settlement will be on ordinary market terms, i.e. against delivery of the shares 2 days after conclusion of the agreement. Following the compulsory acquisition, Geveran will pursue a de-listing of the shares in the Company from the Oslo Stock Exchange. A separate stock exchange announcement will be published regarding such delisting.