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Distributed: Jan 23, 2009

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Norwegian Property ASA (OSL:NPRO) Norwegian Property ASA (OSE:NPRO, NPRO.OL) has appointed Mari Thjømøe to the position of CFO. Thjømøe has broad experience from accounting and finance, recently as EVP and CFO of KLP, one of Norway's largest players within life insurance and pension funds. At KLP her responsibilities also included the group's investment portfolio, including a significant portfolio of commercial property. Thjømøe has many years of experience from public companies, and has previously been director of IR at Statoil ASA, and held various management positions at Norsk Hydro ASA. Thjømøe is a non-executive director at several other companies, including Petoro AS, Oslo Børs ASA and Oslo Børs VPS Holding AS.

"I look forward to being part of the team that will advance Norwegian Property as a leading public listed property company, within an industry I consider both exiting and challenging", comments Thjømøe.

"We are pleased to welcome Mari Thjømøe as part of our management team. Her extensive and varied experience from the areas of accounting, finance, risk management and investment strategy will come to good use in the time to come, and will be a valuable contribution to our efforts to develop the company further", comments CEO Petter Jansen

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Norwegian Property ASA

http://www.norwegianproperty.no

ISIN: NO0010317811

Stock Identifier: XOSL.NPRO



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