Entra

Entra: Signed new lease contracts with The Directorate of Norwegian Customs. The rehabilitation project in Strømsveien 96 is now 100 % let

The Directorate of Norwegian Customs ("Norwegian Customs") has signed 15-year

lease contracts for a total of 17,500 sqm in the properties Strømsveien 96 and

Tollbugata 1 in Oslo.

Norwegian Customs is currently letting 100 % of Entra's properties in

Schweigaardsgate 15 and Tollbugata 1, totalling approximately 31,500 sqm. The

current lease contracts expires 31 December 2020.

Entra has had a long dialogue with Norwegian Customs to find an optimal

solution, and the parties have now agreed on the following:

1. Customs Region Oslo and Akershus, currently occupying 7,500 sqm in

Schweigaardsgate 15 and all of Tollbugata 1, will let the remaining 8,500

sqm in the project at Strømsveien 96 at Helsfyr and will move in by

September 2017. The newly renovated property in Strømsveien 96 will then be

100 % let.

2. Tollbugata 1, consisting of two buildings of 9,000 sqm adjacent to Oslo

Central station, will undergo a comprehensive renovation expected to be

completed in 2019. The Directorate of Norwegian Customs will then move from

Schweigaardsgate 15 to Tollbugata 1, which will be 100 % let.

Following the Directorate of Norwegian Customs moving into Tollbugata 1,

Schweigaardsgate 15 will be vacated in 2019, two years prior to current contract

expiration. Schweigaardsgate 15 has a prime location close to the Oslo Central

Station. The property is in need of renovation, and Entra aims to upgrade the

property into a modern and efficient office building completed in 2020/2021.

"We are very pleased with the continued long term relationship with Norwegian

Customs as one of Entra's core tenants. Our properties in Strømsveien 96 and

Tollbugata 1 will be fully let on long leases, and we look forward to offer a

high quality office building in Schweigaardsgate 15 to the market" says CEO Arve

Regland in a comment.

For further queries please contact: Arve Regland, CEO, tel: +47 479 07 700,

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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