Please find Notice of extraordinary general meeting in Norwegian Property ASA
enclosed. The general meeting will be held on Monday 25 May 2020 at 0830 hours
CET at Bryggegata 6 (5th floor) in Oslo, Norway. The notice will be sent to all
shareholders and is also available at the company's website
www.norwegianproperty.no (http://www.norwegianproperty.no/home/).

The company will going forward consider opportunities within other segments than
the traditional commercial property segment. Several interesting long-term
development opportunities in the existing property portfolio are also being
pursued. The company wants increased flexibility to develop and invest in
segments where the company's current business clause in the Articles of
Association does not necessarily give sufficient leeway. Consequently, the Board
of Directors proposes that the company amends the section regarding the
company's business in the Articles of Association. Reference is also made to the
Company's Q1 2020 Report available on the Company's website
www.npro.no (https://www.norwegianproperty.no/presentations-reports/) .

Anne Lise E. Gryte is suggested elected as new chair of the Nomination
Committee, and Marianne E. Johnsen is suggested re-elected as a member.
Reference is made to the Nomination Committee's proposal dated 25 March 2020,
that is available on the company's website
www.npro.no (https://www.norwegianproperty.no/formal-documents/). Norwegian
Property ASA will comply with all measures taken by the Government in connection
with COVID-19. This could include limiting the number of shareholders allowed to
physical attend the General Meeting.

For additional information, please contact:
Bent Oustad
Chief Executive Officer
Phone: +47 480 16 082
Email: bo@npro.no

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 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.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.
www.npro.no