The general meeting of Norwegian Property ASA (NPRO) has today resolved a share
capital increase with a total contribution of NOK 253.5 million, through the
issuance of 497,064,476 new shares with a nominal value of NOK 0.51 at a price
of NOK 12.57 per share. The capital increase is carried out as a contribution in
kind, where the company's sole owner, Realty Holdings (NOR) Limited, transfers
its 71,973,181 shares in Fabege AB to NPRO in exchange for 497,064,476 shares in
NPRO. As a result of the capital increase, the share capital in NPRO will be
increased by NOK 253,502,882.76 to NOK 597,377,280. The number of shares after
the capital increase will be 1,171,328,000. The company's articles of
association will be amended to reflect the new share capital.

The share issue provides a significant strengthening of NPRO's balance sheet.

Minutes from the extraordinary general meeting and updated articles of
association are attached.

For further information, please contact:
Haavard Rønning, Interim CEO/CFO, phone: +47 400 200 19, e-mail: hr@npro.no

This information is subject to disclosure requirements under Euronext Oslo Rule
Book II, section 6.2.2

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