Entra

Major Shareholding Notification • Nov 26, 2020

SHAREHOLDER DISCLOSURE IN ENTRA ASA

SHAREHOLDER DISCLOSURE IN ENTRA ASA

The Norwegian State, represented by the Ministry of Trade, Industry and Fisheries ("NMTIF") has entered into an agreement on 26 November 2020 to sell 15,000,000 shares in Entra ASA (the "Company" or "Entra", OSE-ticker "ENTRA"), representing 8.24 % of the outstanding share capital and voting rights in the Company, to Castellum AB.

The shares are sold at a price of NOK 169 per share (the “Purchase Price”). NMTIF shall receive an additional compensation if Castellum AB completes a voluntary offer for all the outstanding shares in the Company, and the offer price in a subsequent mandatory offer or a squeeze-out initiated upon completion of the voluntary offer is higher than the Purchase Price. In such case, Castellum AB shall compensate NMTIF with an amount per sold share equal to the difference between such higher price and the Purchase Price.

The trade date for the sale will be 26 November 2020, with settlement expected to occur on 3 December 2020.

Following completion of the transaction, NMTIF will not own any shares in the Company. NMTIF holds no additional rights to shares or votes of Entra.