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Hitt og þetta 27. apríl 2007

Norgani Hotels ASA has completed its annual general meeting

Norgani Hotels ASA has today completed its annual general meeting, in line with the proposals set out in the notice for the meeting. The shareholders approved among other things a dividend distribution of NOK 4.00 per share and the shares of Norgani Hotels will be traded ex dividend on 30 April 2007. The dividend will be paid out 10 May 2007. Furthermore, the shareholders approved to renew the proxy to the board, to issue up to 3,934,000 new shares in the company. Following the general meeting, the board of Norgani Hotels consists of Jan Petter Storetvedt (chairman), Hege Bømark, Mats Lönnqvist, Rebekka Glasser Herlofsen and Arvid Sveen. The nomination committee will as from the general meeting consist of Martin Mæland (chairman), Tom Rathke and Ervin Auren. For further information, please contact Eva Eriksson, CEO Mob: + 46 70 644 3497 Mats Sterner, CFO Mob: +46 70 690 2009 About Norgani With a portfolio of more than 70 hotels in the Nordic region, Norgani Hotels is Europe`s fifth largest hotel property investor. Through size and specialization Norgani has a 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. www.norgani.no