Norwegian Property ASA (rated BBB- by Scope Ratings) has today issued NOK 1,300
million in new senior secured bonds. The transaction was split into three
tranches:

  · A NOK 500 million, 3-year senior secured bond issue with a floating rate
coupon of 3 months Nibor + 0.85% p.a. (ISIN NO0013751610).

  · A NOK 300 million, 5-year senior secured bond issue with a floating rate
coupon of 3 months Nibor + 1.15% p.a. (ISIN NO0013751594).

  · A NOK 500 million, 5-year senior secured bond issue with a fixed coupon of
5.716% p.a. (ISIN NO0013751628).

The net proceeds from the bond issue will be used to refinance existing debt and
for general corporate purposes. Settlement is expected to take place on 28 May
2026. An application will be made for the Bonds to be listed on Oslo Børs.

DNB Carnegie and SEB acted as Joint Lead Managers in the transaction.

For further information, please contact:

Haavard Rønning, Acting CEO and CFO, Mobile +47 400 20 019

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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