NPRO: 3Q 2026 - New major lease contract in Nydalen at Gjerdrums vei 8

- Rental income of NOK 364 million increased from NOK 353 million last year
  - Annual rental income (run rate) totalled NOK 1,464 million, up from NOK
1,458 million in the previous quarter, with a contracted future increase of NOK
114 million from ongoing projects and lease incentives
  - Positive net letting of NOK 14 million, vacancy reduced to 7.4% and WAULT
extended up to 7.5 years
  - Retail and F&B turnover at Aker Brygge increased by 5 per cent compared with
the third quarter last year
  - Negative fair value adjustment for investment properties of NOK 191 million
(0.7 per cent), reflecting increased market yield levels
  - Market value of the property portfolio of NOK 28.7 billion, a reduction from
NOK 28.8 billion last quarter
  - Share of profit from associates and joint ventures was NOK 26 million (NOK 2
million last year)
  - Financing:
    - Norwegian Property received a Baa2 issuer rating with a stable outlook
from Moody's.
    - Issued NOK 1.3 billion and SEK 200 million in senior secured green bonds
with a Baa1 rating from Moody's, as well as a NOK 300 million tap issue

  - Profit/loss for the period:
    - Operating profit before value adjustment was NOK 325 million, up 9.3% from
last year.
    - Profit/loss for the period was negative at NOK 40 million (NOK 386 million
profit last year)

  - Earnings per share (EPS) were negative at NOK 0.03 (positive NOK 0.58 last
year)
  - Net LTV of 41.3 per cent, up from 40.9 per cent last quarter
  - EPRA NTA of NOK 19.38 per share, down from NOK 20.08 last quarter

Ellen Cathrine Kobro (Deputy CEO - Commercial) comments on letting this
quarter:
"The leasing market remains active, with tenants continuing to prioritise
quality, flexibility and efficient use of space. During the quarter, we secured
a long-term lease with a new tenant for approximately 4,000 square metres in
Nydalen.

We also saw a strong development in our street-level offering, with record
turnover and the opening of new concepts at Aker Brygge. This supports our
ambition to create attractive destinations with a compelling mix of workplaces,
services and experiences."

Haavard Rønning (Acting CEO and CFO) comments:
"This was an active quarter in the capital markets. We have issued our first
bond in the Swedish market of SEK 200 million alongside NOK 1.3 billion in new
NOK bonds. All the bonds received a Baa1 rating from Moody's, which is one notch
up from the issuer rating. We are pleased with the strong interest and aim to
become a frequent issuer in the Swedish market.

We have several ongoing refurbishment projects which will contribute to NPRO's
long-term value creation. In August, CORA opened, which is a new conference and
events venue at Aker Brygge with conference and meeting facilities as well as a
restaurant and golf simulators."
For further information, please contact:
Haavard Rønning, Acting CEO and CFO, mob. +47 400 200 19, e-mail: hr@npro.no

This information is subject to the disclosure requirements according to §5-12 of
the Norwegian Securities Trading Act ('Verdipapirhandelloven').

Norwegian Property is a focused and fully integrated office property company
with properties located mainly in the Oslo area in Norway. The portfolio is
characterized by central location and attractive premises with high quality
tenants. The group's properties consist largely of office premises, associated
warehousing and car parking, as well as retail and catering space. The company
has identified four value drivers for long-term value creation; Marketing &
letting, Property management, Property development and Transactions & finance.
www.npro.no
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letting\, Property management\, Property development and Transactions & finance.\
www.npro.no\