NPRO - New Share Capital Registered

Norwegian Property ASA Reference is made to press releases 17 July 2008 and 11 July 2008 and prospectus dated 25 June 2008.

The new share capital in Norwegian Property was registered today in the Norwegian Registry of Enterprises, and the share capital has increased by nok 2,403,846,150 to nok 5,040,885,400. The total number of shares issued after the capital increase is 201,635,416.

For information, please contact: CFO Svein Hov Skjelle, mobile +47 930 55 566

Norwegian Property ASA

http://www.norwegianproperty.no

ISIN: NO0010317811

Stock Identifier: XOSL.NPRO