Northern Logistic Property ASA ("NLP" or the "Company") is pleased to announce the successful completion of a private placement of 3 500 000 new shares directed towards nordic and international institutional and professional investors after the close of the Oslo Stock Exchange on 22 October 2012. The placement was made at a price of NOK 26.00 per share set through a book building exercise. Gross proceeds from the private placement amount to NOK 91 million.


The objective of the private placement is to fund future growth, increase the financial flexibility, and strengthen the balance sheet of the Company. The net proceed is intended to finance future value accretive development projects, similar to the ones the Company has completed in Västerås and is about to complete in Helsingborg, or selectively pursue attractive acquisitions opportunities available in the market.


CEO Peter Strand comments:

"As we are about to successfully complete our second major development project, and we see the value creation achieved in these projects, we are convinced that this is an attractive way to grow our business and create shareholder value. At the same time we see a number of attractive acquisition opportunities in the market.  By raising this new equity, the Company will have the financial flexibility to pursue such opportunities. The strengthening of our balance sheet is an added benefit.

We also see this added flexibility as an important step to unlock shareholder value and believe this will strengthen our position prior to a potential listing on the OMX Stock Exchange in Stockholm. In this respect we are pleased to have attracted significant interest from  new Finnish, Norwegian and Swedish investors."


The private placement was resolved by the Board of Directors within the authorised share capital of the Company. The share capital is increased by NOK 3 500 000 by the issue of 3 500 000 new shares (representing approximately 10% of the outstanding share capital). Following the completion of the private placement NLP's share capital is NOK 38 925 641, divided into 38 925 641 shares with a nominal value of NOK 1.0 per share.


The new shares to be issued in the Private Placement will not be tradable until the share capital increase has been registered and the new shares have been delivered against payment to the applicants' VPS-accounts, expected to take place on or about 24 October 2012.


The issue was managed by ABG Sundal Collier Norge ASA as lead manager and sole bookrunner.Pangea Property Partners AS was joint lead manager and financial advisor, and Advokatfimaet Schjødt AS acted as legal counsel to the Company.


For further information, please contact:

Northern Logistic Property ASA

Peter Strand

CEO

Tel: +46 70 588 16 61

Email: peter.strand@nlpfastigheter.se

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