With reference to stock exchange announcement published 7 November 2011 regarding the provisional agreement to sell Middelthuns gate 17 in Oslo, it is hereby confirmed that all conditions have been lifted and a binding agreement has been signed by the parties.

The property is valued at NOK 700 million. The buyer is a company owned 50/50 by Veidekke Eiendom and OBOS.

Transfer of the property will take place medio March 2012. Rental income from the property falls to the buyer as from ultimo January 2012.

This information is subject of the disclosure requirements acc. to § 5-12.

For additional information, please contact:

Svein Hov Skjelle, EVP & CFO, tel +47 930 55 566, shs@npro.no

Elise Heidenreich-Andersen, SVP IR, tel. +47 951 41 147, eha@npro.no