Norwegian Property ASA

Norwegian Property ASA In order to finance the remaining settlement of the acquisition of Norgani Hotels to EQT/Scandic and other financial investors and to strengthen the Company's balance sheet to capitalize on the strong development in the underlying office markets in Norway and hotel markets in the Nordic region, the Board of directors has proposed to call for an extraordinary general meeting to be held on 17 June 2008 to resolve a share capital increase, in the form of a Rights Issue, in the amount of NOK 2,500 million.