Norwegian Property ASA

Norwegian Property ASA Widar Salbuvik, Chair of the Board of directors of Norwegian Property ASA, has been appointed to act as unconditional proxy for a total of 5,530,200 shares, or 5.24 % of the share capital, at the company`s Extraordinary General Meeting on 16 July 2008. Widar Salbuvik and related parties also hold 50,000 shares, bringing the total number of controlling voting rights for Mr. Salbuvik at the Extraordinary General Meeting to 5,580,200 shares, or 5.29 % of the share capital of the company.

Norwegian Property ASA Notice of extraordinary general meeting in Norwegian Property is enclosed. The extraordinary general meeting will be held at Scandic KNA Hotel, Parkveien 68, Oslo, Wednesday 16 July at 10.30 a.m.

Norwegian Property ASA Notice of extraordinary general meeting in Norwegian Property is enclosed. The extraordinary general meeting will be held at Scandic KNA Hotel, Parkveien 68, Oslo, Wednesday 16 July at 10.30 a.m.

Norwegian Property ASA Norwegian Property's board of directors has from shareholders representing 19.2% of the issued share capital, received demand for an extraordinary general meeting in order to address election of board of directors and election of nomination committee.

Norwegian Property ASA Reference is made to the notice of an Extraordinary General Meeting in Norwegian Property ASA ("NPRO" or "The Company") dated 3 June 2008. The Extraordinary General Meeting resolved in a meeting held on 17 June 2008 to carry out the share capital increase proposed by the Board, raising gross proceeds of approximately NOK 2.5 bn. The share capital will be increased by the issuance of 96,153,846 new shares, each with a nominal value of NOK 25. The equity issue will be carried out in the form of a rights issue with pre-emptive rights for existing shareholders at a subscription price of NOK 26 per share (the "Rights Offering"). The Rights Offering has been fully underwritten by a consortium established by Pareto Securities AS and SEB Enskilda AS. The purpose of the Rights Offering is to finance the remaining settlement of the acquisition of Norgani Hotels ASA and to strengthen the Company's balance sheet. NPRO's shareholders as of 18 June 2008 will be given pre-empti ...

Norwegian Property ASA Reference is made to the notice of an Extraordinary General Meeting in Norwegian Property ASA ("NPRO" or "The Company") dated 3 June 2008. The Extraordinary General Meeting resolved in a meeting held on 17 June 2008 to carry out the share capital increase proposed by the Board, raising gross proceeds of approximately NOK 2.5 bn. The share capital will be increased by the issuance of 96,153,846 new shares, each with a nominal value of NOK 25. The equity issue will be carried out in the form of a rights issue with pre-emptive rights for existing shareholders at a subscription price of NOK 26 per share (the "Rights Offering"). The Rights Offering has been fully underwritten by a consortium established by Pareto Securities AS and SEB Enskilda AS. The purpose of the Rights Offering is to finance the remaining settlement of the acquisition of Norgani Hotels ASA and to strengthen the Company's balance sheet.

Norwegian Property ASA Norwegian Property has entered into an agreement for the sale of Elvegaten 25 in Sandnes. The property value is NOK 58,9 million. The buyer is HNW Eiendom AS (under foundation), a company owned by Rafoss Gruppen AS, Velde AS og Wiggo Erichsen Holding AS. The sale is in line with Norwegian Property's strategy to actively develop the portfolio and dispose non-core properties. The property value is approximately NOK 6 million above current valuation.

Norwegian Property ASA The enclosed presentation is prepared in connection with the proposed equity issue in Norwegian Property ASA. The presentation is based on the 1st quarter presentation, but also contains some updated information related to the hotel market and information on the proposed equity issue.

Norwegian Property ASA Notice of extraordinary general meeting in Norwegian Property is enclosed. The extraordinary general meeting will be held at Felix konferansesenter, Bryggetorget 3, Oslo, Tuesday 17 June 2008 at 4.30 p.m.

Norwegian Property ASA Reference is made to the stock exchange notice dated 30 April 2008 regarding the letter of intent entered into with a group of buyers to sell Norgani Hotels AS ("Norgani") and the update stock exchange notice dated 21 May 2008. The Board of directors of Norwegian Property ASA ("NPRO" or the "Company") has resolved to seize the current negotiations with the potential buyers. NPRO plans to maintain ownership of Norgani but the company has been contacted by several attractive potential partners and/or buyers of Norgani and will continue to investigate these opportunities in order to create shareholder values.