Storebrand Eiendomsfond AS (the Fund) is a closed ended real estate fund that invests in a diversified range of commercial real estate in Norway. The fund primarily invests in core properties with attractive locations and solid tenants. Additionally, a number of the properties have interesting potential for further development.

The Fund has raised approximately NOK 2 300 million in equity through ten quarterly fund raisings from more than 4 800 private and institutional investors.

The Fund's portfolio consist of 65 properties with a lettable space of ca. 491 000 sqm geographically spread from Tromsø in the North of Norway to Kristiansand in the South. The majority of the portfolio is located in and around the greater Oslo area. The market value of the portfolio is NOK 7 020 millions with a gross rental income of apx. NOK 520 millions.

The funds long term target rate of equity return is 8-12 % p.a., including an annual dividend of 5-7 %. Since inception in Q4 2005 the Fund has achieved a total equity return of -16 %. The dividend for the financial year 2006 was 8 %, and 6 % for 2007.

Storebrand Eiendomsfond AS is structured and managed by UNION Eiendomskapital AS. Please contact UNION Eiendomskapital AS for more information about the fund.