NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to the private placement in Solon Eiendom ASA (the “Company”)
of 9,114,361 new shares (the “New Shares”) in the Company (the “Private
Placement”). The Private Placement was divided into two tranches, with one
tranche consisting of 6,076,241 New Shares (“Tranche 1”) and the second tranche
of 3,038,120 New Shares (“Tranche 2”). 

The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has today
approved the prospectus of the Company (the “Prospectus”), prepared in
connection with the listing of the New Shares pertaining to Tranche 2, which
were registered on a separate ISIN pending approval of the Prospectus. The
Tranche 2 shares will as soon as practically possible become registered on the
Company’s ordinary ISIN NO0003106700 following approval of the Prospectus and
become freely tradable on the Oslo Børs under the trading symbol “SOLON” at the
same time. 

For more information, please refer to the Prospectus.The Prospectus will,
subject to regulatory restrictions in certain jurisdictions, be available at:
http://soloneiendom.no/investor-relations/. Hard copies of the Prospectus may be
obtained free of charge by contacting Arctic Securities AS (+47 21 01 30 40). 
ABG Sundal Collier ASA and Arctic Securities AS have acted as financial advisors
and Advokatfirmaet BAHR AS acts as legal advisor to the Company in connection
with the Private Placement.

For further information, please contact:
Simen Thorsen, Chairman of the Board, Solon Eiendom ASA
Tel: +47 918 86 886, email: st@soloneiendom.no

Scott Danielsen, Chief Financial Officer, Solon Eiendom ASA
Tel: +47 952 55 620, email: sd@soloneiendom.no

***
This information is subject to disclosure under the Norwegian Securities Trading
Act, Section 5-12.
This announcement is not and does not form a part of any offer for sale of any
securities, and is for release, publication or distribution, directly or
indirectly, in the United States, or any other jurisdiction in which such
distribution would be unlawful or would require registration or other measures.
Securities may not be sold in the United States absent registration with the
United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended. The Company does
not intend to register of its securities in the United States.
The distribution of this announcement into jurisdictions other than Norway may
be restricted by law. Persons into whose possession this announcement comes
should inform themselves about and observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction. This announcement has not been approved by any
regulatory authority.