· Rental income of NOK 346 million (NOK 360 million in Q1 2025), the decrease
reflects ongoing redevelopment activities at Aker Brygge and Fornebu
  · Annual rental income (run rate) was stable at NOK 1,459 million, but with a
contracted future increase of NOK 77 million from ongoing projects and step-up
rents
  · Positive net lease of NOK 5 million
  · Positive fair-value adjustment for investment properties of NOK 71 million
  · Market value of the property portfolio of NOK 29.1 billion, an increase from
NOK 28.9 billion last quarter
  · Profit for the period of NOK 88 million (NOK 186 million same quarter last
year), with earnings per share (EPS) of NOK 0.08 (NOK 0.28 last year)
  · Scope Ratings assigned Norwegian Property a BBB- credit rating with a Stable
Outlook, and the company's bank loan agreements were amended to allow
SEK-denominated loans as well as NOK

Haavard Rønning, Acting CEO, says about the quarter:

"We are pleased to have delivered positive net lease in the quarter, which
confirms our impression that demand for our premises has been strong. We are
also seeing further increases in activity and interest in our core areas, and
therefore have good reason to believe that several of the leasing processes we
are working on will contribute to higher future rental income.

Progress on our ongoing projects is proceeding according to plan, and we are
optimistic about the increased rent and the long-term value creation they will
contribute to.

The company's financial flexibility has improved through the amendment of the
loan agreements into multi-currency facilities. This gives us an opportunity to
hedge the SEK currency exposure in the long-term asset in Fabege shares. In
addition, Scope has upgraded our BBB- credit rating to a Stable Outlook."

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 of 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