Entra

Share Issue/Capital Change • Sep 14, 2016

Potential secondary placement of shares in Entra ASA

Potential secondary placement of shares in Entra ASA

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR

INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES, CANADA OR JAPAN,

OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR

RELEASE WOULD BE UNLAWFUL

Potential secondary placement of shares in Entra ASA

The Norwegian State, represented by the Ministry of

Trade, Industry and Fisheries ("NMTIF") has retained

ABG Sundal Collier and DNB Markets to explore the

opportunity to sell up to 30 million shares in Entra

ASA (the "Company" or "Entra", OSE-ticker "ENTRA"),

representing 16.33% of share capital and voting rights

of Entra.

The final placement size and price per share will be

determined through an accelerated bookbuilding process

to Norwegian and international investors. The minimum

order and allocation has been set to the number of

shares that equals an aggregate purchase price of the

NOK equivalent of EUR 100,000. The NMTIF reserves the

right, at its own discretion, to increase or reduce

the number of offer shares or to sell no shares at

all, depending on the price and the demand for shares

in the bookbuilding. The bookbuilding period commences

today, 14 September 2016, at 16.30 CET and may close

at any time.

The Norwegian State, represented by the Ministry of

Trade, Industry and Fisheries currently holds

91,368,893 shares, corresponding to 49.73% of the

total number of shares and votes, in Entra.

Subject to completion of the placement and certain

customary exemptions, NMTIF will undertake not to

dispose of any additional shares in the Company within

90 days following the placement without the prior

written consent of the Joint Bookrunners. ABG Sundal

Collier and DNB Markets are acting as Joint

Bookrunners in connection with the placement.

IMPORTANT NOTICE

This document and the information contained herein is

not for release, publication or distribution in whole

or in part in or into the United States. These

materials do not contain or constitute an offer for

sale or the solicitation of an offer to purchase

securities in the United States. The securities

referred to herein have not been and will not be

registered under the U.S. Securities Act of 1933, as

amended, (the "Securities Act") and may not be offered

or sold in the United States absent registration under

the Securities Act or pursuant to an available

exemption from, or a transaction not subject to, the

registration requirements of the Securities Act.

This document is only addressed to and directed at

persons in member states of the European Economic Area

who are qualified investors within the meaning of

Article 2(1)(e) of the Prospectus Directive (Directive

2003/71/EC) ("Qualified Investors") or to and at other

persons to whom the offering can otherwise be made

pursuant to available exemptions under the Prospectus

Directive. In addition, in the United Kingdom, this

document is being distributed only to, and is directed

only at, Qualified Investors who are persons who have

professional experience in matters relating to

investments falling within Article 19(5) of the

Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or who

are high net worth entities falling within Article 49

(2)(a) to (d) of the Order, and other persons to whom

it may otherwise lawfully be communicated (all such

persons together being referred to as "relevant

persons"). Any investment activity to which this

document relates is available only to relevant persons

in the United Kingdom, and will only be engaged with

such persons. In any member state of the European

Economic Area other than the United Kingdom, the

offering will be made pursuant to available exemptions

under the Prospectus Directive. The offering is

subject to a lower limit per order of EUR 100,000.

Each of the Joint Bookrunners is acting for the

Norwegian State, represented by the Ministry of Trade,

Industry and Fisheries (the "NMTIF") in connection

with the offering and no one else, and will not be

responsible to anyone other than the NMTIF for

providing the protections offered to clients of the

Joint Bookrunners nor for providing advice in relation

to the offering.