Northern Logistic Property ASA : First quarter results 2012

(Oslo, 10 May 2012)

Today Northern Logistic Property ASA presents their first quarter results for 2012.

Quarterly highlights:

• Considerably improved net operating income of SEK 111,4 million (102,2)
• Significantly improved EBVAT of SEK 56,0 million (41,1)
• Strengthened cash flow from operations of SEK 55 million (40)
• Significantly lower maintenance and other property expenses of SEK 10,7 million (13,8)
• One year extension of the rental agreement regarding approximately 47 000 sqm for the property in Denmark.

CEO Peter Strand says in a comment: "The first quarters result is very strong. It is satisfying that we have succeeded with both increasing our revenue and decreasing our maintenance and other property expenses. Our second new-building project, in Helsingborg for Green Cargo, runs according to plan and planned occupancy is 1^st of December 2012. We have succeeded to extend our rental agreement with DSV in Denmark for another year until September 2014, which feels very good. Our loan to value continues to fall through amortizations. This means that we will be in a better position in the refinancing discussions we now are having."

Material

The quarterly report and the presentation material will be available at www.nlpfastigheter.se  and www.newsweb.no  before the presentation.

Presentation

Northern Logistic Property ASA is publishing quarterly result for its first quarter 2012 today, 10 May 2012. In connection with this, the company will give a presentation at Felix Konferenscenter, Aker Brygge, Oslo 08:30 CET.

Peter Strand, CEO, and Tommy Åstrand, CFO, will represent the company.

Webcast

The presentation will also be broadcasted live on the company's investor website: www.nlpfastigheter.se. Questions to the management can be sent online from the webcast during the presentation. A recorded version of the presentation will also be available on      www.nlpfastigheter.se after the broadcast has concluded. The presentation will be held in Swedish.

For further information

Peter Strand, CEO: +46 705 88 1661, e-post: [email protected]
Tommy Åstrand, CFO: +46 705 45 5997, e-post: [email protected]

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Northern Logistic Property ASA

Northern Logistic Property ASA (NLP) is a leading pure-play 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 711 365 square meters. It is the only listed company of its sort in the Nordic countries.

NLP delivers stable and increasing revenue and cash flow from rental income, driven by an attractive lease structure with solid tenants.