Norwegian Property ASA, rated BBB- (Negative outlook) by Scope, has mandated SpareBank 1 Markets for the potential issuance of a NOK denominated senior secured bond with floating or fixed rate coupon, subject to market conditions. Targeted tenor between 3 and 5 years. Swedbank, which is one of NPRO's relationship banks, is acting as advisor in the transaction.

The contemplated bond issue will be secured with a first priority pledge in Drammensveien 60, at Skillebekk in Oslo.

For further information, please contact:

Haavard Rønning, CFO, Mobile +47 400 20 019