Entra

Earnings Release • Apr 27, 2017

Entra ASA : Q1-17: Strong income and value development

Entra ASA : Q1-17: Strong income and value development

Oslo, 27 April 2017 - Rental income was up by 16 per cent from 454 million in Q1

2016 to 525 million in Q1 2017. Net income from property management was 311

million (278 million) in the quarter, representing a year-on-year increase of

12 per cent.  Net value changes came in at 870 million (20 million) in the

quarter and profit before tax was 1,302 million (284 million).

Entra has signed new and renegotiated leases with annual rent totalling 145

million (60,000 sqm) during Q1 2017. As of 31.03.17 the management portfolio

occupancy was 97.5 per cent (94.7 per cent) and the average unexpired lease term

of contracts was 6.8 (7.5) years.

During the quarter Entra started up a new 3,200 sqm renovation project at Kjørbo

in Sandvika, which is 100 per cent pre-let to Norconsult.

Given a positive vote in the AGM today the Entra share will be trading ex the

right to a semi-annual dividend of NOK 1.75 per share from tomorrow 28 April

Q1-17 Q1-16 2016

Rental income     525 454 1 899

Net operating income     489 429 1 740

Net income from property management   311 278 1 070

Profit before tax     1 302 284 3 306

Cash Earnings per share     1.69 1.52 5.80

EPRA NAV per share     110 90 101

EPRA NNNAV per share     101 82 93

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, 27 April 2017

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 93 buildings totalling approximately 1.3 million

square meters, primarily 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 40 billion.---