On December 1st, Haavard Rønning will assume the role of interim CEO at
Norwegian Property ASA, succeeding Bent Oustad, who is moving on to become CEO
at Fabege.

"The Board is very pleased that Haavard Rønning has agreed to lead the company,"
says Chair of the Board Bjørn Henningsen.

Haavard Rønning has worked as CFO at Norwegian Property since March 2018. He
came from the position of CFO at Møller Eiendom. He has previously also been CFO
at Selvaag Bolig ASA.

"Norwegian Property has grown significantly and is a completely different
company today than when I started in 2018. I have had the opportunity to help
shape NPRO through a strengthened focus on leasing, opportunistic acquisitions
and takeovers, as well as cost-effective operations. I look forward to further
developing the company together with all our competent employees, the board, and
the owner to contribute to long-term value creation," says Rønning.

For further information, contact:
Chair of the Board Bjørn Henningsen, mobile 90 82 27 97
Haavard Rønning, mobile 40 02 00 19

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