Norwegian Property, through NPRO Holding AS and together with Fredensborg AS and
Union Real Estate Fond III Holding AS (collectively the "Investor Group"), owns
the residential developer Nordr AS which operates in Norway and Sweden.

Nordr AS has agreed to sell its Swedish division, Nordr Sverige AB, to
management and controlled affiliates of Starwood Capital Group, a leading global
private investment firm. The transaction includes all Swedish operations and
projects, including Folkhem.

Nordr AS will continue to own and operate its Norwegian residential development
business.

The transaction will be completed during Q1 2026, subject to approval from the
Inspectorate of Strategic Products.

Acting CEO Haavard Rønning comments: "The divestment of Nordr Sverige AB does
not alter Nordr's overarching strategy of developing and building residential
housing. The transaction represents solely a realignment of the geographical
focus."

For further information, please contact:
Haavard Rønning, Acting CEO and CFO, mob. +47 400 200 19, e-mail: [email protected]

This information is subject of the disclosure requirements according to §5-12 of
the Norwegian Securities Trading Act ('Verdipapirhandelloven').

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