Reference is made to the announcement published on 12 August 2021 regarding a
contemplated compulsory acquisition of shares in Norwegian Property ASA (the
"Company") by Geveran Trading Co Ltd ("Geveran"). Geveran currently owns
636,347,425 shares in the Company, representing approximately 98.88% of the
share capital and voting rights in the Company (excluding treasury shares held
by the Company itself). 
Geveran has after market close today, 16 August 2021, resolved a compulsory
acquisition of all remaining shares in the Company not already owned by it (the
"Minority Shares") with immediate effect. 
The offered redemption price for each Minority Share will be NOK 18.25, which is
the same price at which Geveran has purchased shares in the acquisition
announced on 15 July 2021 and in transactions in the market thereafter. The full
redemption amount has been placed on a separate bank account in accordance with
Section 4-25 of the Norwegian Public Limited Liability Companies Act.
The rights and ownership of the Minority Shares will automatically be
transferred to Geveran. Accordingly, Geveran will from today be the beneficial
owner of 100% of the shares in the Company (other than treasury shares held by
the Company itself).  
Any objections to, or rejection of, the offered redemption price must be made no
later than on 22 October 2021. Former shareholders of the Company who do not
object to, or reject, the offered redemption price within this deadline, will be
deemed to have accepted the offered price. A letter regarding the compulsory
acquisition will be sent to all former shareholders of the Company with known
address and whose shares have been acquired by way of the compulsory
acquisition. In addition, the compulsory acquisition will be announced in the
Brønnøysund Register Center's electronic publication. 
Settlement of the offer price to the minority shareholders will take place on or
about Monday 23 August 2021. 
As a result of the compulsory acquisition, Geveran will pursue a de-listing of
the shares in the Company from the Oslo Stock Exchange. A separate stock
exchange announcement will be published regarding such delisting.

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