Nordic Panorama PLC
13 April 2007


                                                                 13 April 2007

                              Nordic Panorama plc

                                (the 'Company')

                    Notice of Extraordinary General Meeting

Nordic Panorama plc, the Norwegian ski resort and related property developer,
today announced that it has convened an EGM to be held on 8 May 2007 at 5
Chancery Lane, Clifford's Inn, London EC4A 1BL at 11:00am to seek shareholder
approval to increase its authorised share capital, to grant the Directors
authority to allot securities and to disapply the statutory pre-emption rights
under the Act in order to give the Board maximum flexibility to raise additional
equity finance in the future.

Resolutions

The Directors are seeking approval to increase the Company's authorised ordinary
share capital and to grant the Directors the power to allot new ordinary shares
for cash on a non-pre-emptive basis.

Resolutions to the following effect will be proposed at the EGM as Ordinary
Resolutions:

(a)    to increase the authorised share capital to £19,000,000 by the creation
of an additional 750,000,000 new ordinary shares of 1 pence;

(b)   to authorise the Directors to allot relevant securities up to an aggregate
nominal amount of £10,778,374.25;

and a resolution to the following effect will be proposed at the EGM as a
Special Resolution:

(c)    to authorise the Directors to allot relevant securities up to an
aggregate nominal amount of £10,778,374.25 for cash as if Section 89(1) of the
Companies Act 1985 did not apply.

Current trading

Sales over the winter season have been slower than expected as a result of the
'green winter' experienced throughout Europe. Vradal and other Norwegian resorts
proved to be no exception to this. The snow finally arrived in late January
which has affected both the number of tourists visiting the ski resort and the
sales of log cabins and plots. However the 'green' winter has provided very good
conditions for the building and construction of log cabins. Consequently the
Company is well ahead in its construction programme and this has enabled it to
implement its strategy of 'building before selling'. The Directors believe that
this policy will help to provide a platform to take advantage of accelerating
sales at increased prices.


Notice of this EGM has been sent to shareholders by post. Copies of the notice
of the EGM will be available for public viewing at the registered office of the
Company, 7 Cork Street, Mayfair, London W1S 3LJ.


For further information please contact:

Nordic Panorama Plc
Mumtaz Khan, Non-Executive Chairman                               020 7936 9605
Tore Svendsen, CEO

HB Corporate                                                      020 7510 8600
Imran Ahmad
Luke Cairns
Cecil Jordaan

Threadneedle Communications                                       020 7936 9605
Graham Herring
Josh Royston


Notes to Editors

Nordic Panorama consists of the businesses of Vradal Panorama Eiendom AS and
Vradal Panorama Skisenter AS, Norwegian based businesses involved in the
operation of a ski resort and the sale and rental of chalets and log cabins in
the resort area of Vradal.




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