Northern Logistic Property: Has finalized refinancing of all existing loans

Oslo January 22, 2013 Northern Logistic Property (NLP) announces that the company will, as of February 15 2013, amortize all outstanding loans in advance of its maturity and has at the same time agreed to build a new loan portfolio of, binding, bilateral, loans amounting to 4.087 MSEK with a maturity period of three to five years. The average maturity period for all loans in the portfolio is 3.5 years. The purpose is to bring down the financial risk in the company by extending the maturity period of the loan portfolio, compared to the current loan portfolio which mostly matures during September 2013. Lenders to the new loan agreements are Swedbank, Aareal, Helaba och Sparbanken Öresund. The new loan agreements include all of the company's 20 properties, with a market value of 6.264 MSEK (value as of Dec 31, 2012). The agreements will have an average relative debt ratio of approximately 65 percent compared to approximately 68 percent as of Dec 31, 2012. The relative difference in debt ratio will be covered by cash. The new loan agreements will increase interest cost due to an increase of the actual margin compared to the old agreements that was agreed upon when the financial climate was more advantageous. NLP has also decided to prolong interest rate hedging amounting to 384 MSEK in conjunction with the new loan agreements. The average interest cost will be 5.2 percent, based on calculation considering the new agreed margin, existing interest rate hedging and the open position of the company (value as of Dec 31, 2012). The average interest cost was 4.1 percent during the fiscal year 2012. "Our new loan agreements is an important step to NLP as it secures the future, strategic development of the company where the ambition is to create a larger, market leading company focusing on logistic properties in the Nordic region", commented MR Peter Strand, CEO, Northern Logistic Property. For further information please contact: Peter Strand CEO Northern Logistic Property ASA Tel                       +46 705 88 1661 Email                  peter.strand@nlpfastigheter.se Tommy Åstrand CFO Northern Logistic Property ASA Tel:                      +46 705 45 5997 Email                  tommy.astrand@nlpfastigheter.se About NLP Northern Logistic Property ASA (NLP) is a leading logistic property company based in the Nordic region. The portfolio consists of 20 advanced logistic properties located in strategic locations relative to major logistics flows, with a total lettable area of 734 000 square meters. It is the only listed company of its sort in the Nordic countries. Northern Logistic Property is a publicly traded company at the Oslo Stock Exchange. www.nlpfastigheter.se This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Northern Logistic Property ASA via Thomson Reuters ONE [HUG#1672034]