Entra

Earnings Release • Apr 20, 2018

Entra ASA: Q1-18 - Continued value and earnings growth

Entra ASA: Q1-18 - Continued value and earnings growth

Oslo, 20 April 2018 - Rental income was up by 4 per cent from 525 million in Q1

2017 to 545 million in Q1 2018. Net income from property management was up by

12 per cent to 349 million (311 million).  Net value changes came in at 492

million (870 million) and profit before tax was 856 million (1,302 million) in

the quarter.

Entra has signed new and renegotiated leases with annual rent totalling 25

million (16,500 sqm) in the quarter. As of 31.03.18 the portfolio occupancy was

96.3 per cent (97.5 per cent) and the average unexpired lease term of contracts

was 7.4 (7.7) years.

During the quarter Entra started refurbishing Tollbugata 1 A in Oslo (9,000

sqm). The property is fully let on a long contract.

Q1-18 Q1-17

Rental income     545 525

Net operating income     501 489

Net income from property management   349 311

Profit before tax     856 1 032

Cash Earnings per share     1.88 1.69

EPRA NAV per share     133 110

EPRA NNNAV per share     124 101

Entra ASA will present its financial and operating results today at 08:30 CET in

Biskop Gunnerus' gate 14 in Oslo. A live webcast of the presentation as well as

the full quarterly report is available on the company website www.entra.no

Oslo, 20 April 2018

Entra ASA

For further queries please contact: Arve Regland, CEO, tel: +47 479 07700,

email: ar@entra.no or Anders Olstad, CFO, tel + 47 900 22559, email:ao@entra.no

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

--- Entra is a leading owner, manager and developer of office properties in

Norway. Entra owns and manages 84 buildings totalling approximately 1.3 million

square meters, located in Oslo and the surrounding region, Bergen, Stavanger and

Trondheim. The market value of the portfolio (incl.ownership in associates and

JVs) is approximately NOK 45.2 billion.---

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.