Norgani acquires Rica Hotel Bodø Oslo ( 30 May 2007 ): Norgani Hotels ASA has today entered into a final agreement with Wiland Eiendom to acquire the property Rica Hotel Bodø, in Norway for NOK 87 million. The property consists of 113 room, conference and restaurant facilities. This is Norganis second hotel in Bodø. Bodø is northern Norway's second largest city. The hotel is operated by Rica Hotel. Price per Room is 790 000 including stamp duty. The acquisition of Rica Bodø will be concluded by 30 June 2007. For further information: CEO Eva Eriksson, mobile phone + 46 706443497 Or: Asset Manager Ronny Wilhelmsen +47 92696080 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