Norwegian Property makes offering for Norgani

14th Aug 2007

Norwegian Properties intends to present a voluntary offer to purchase all of the issued share capital in Norgani ASA. The offer is said to be made when the prospect is approved by Oslo Stock Exchange and the offer price will be NOK 82,50 per share.

The Board of Directors of Norgani will examine the offer in conjunction with its advisers and revert to the shareholders with an assessment and its advice in due course.

Norgani advances the publishing of the second quarter interim report to the 17th of August.

With a portfolio of more than 70 hotels in the Nordic region, Norgani is Europe’s fifth largest hotel property investor. Through size and specialization Norgani has knowledge of and insight in the hotel industry, creating a unique platform for development of hotel properties and business in cooperation with operators and brands. The share is listed on the Oslo Stock Exchange.



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