Geveran Trading Co. Ltd. («Geveran») increased, with effect from 07.09.2016, its ownership to more than 50% of the shares in Norwegian Property ASA, and hence triggered the put options in the company’s bond agreements.

The put period ended on 7 November, 2016.

For each of the loans the investors have exercised their put option for the following amounts:

ISIN NO 0010695034 :      126 mnok of total 250 mnok
ISIN NO 0010695026 :      0 mnok of total 205 mnok
ISIN NO 0010720600 :      291 mnok of total 350 mnok
ISIN NO 0010768195 :      97 mnok of total 1 335 mnok

Settlement date is 28 November for ISIN NO 0010695034, ISIN NO 0010695026, ISIN NO 0010720600 and 14 November for ISIN NO 0010768195.

For further information, please contact:
Norwegian Property ASA
Svein Hov Skjelle, CEO
Phone: +47 930 55 566
Email: shs@npro.no