Entra

Entra ASA : Construction contract for Media City Bergen

Entra OPF Utvikling AS ("Entra OPF") and HENT AS has entered into a fixed-cost

contract for a total renovation and extension of Lars Hilles Gate 30 in Bergen.

Entra OPF is owned by Entra and Oslo Pensjonsforsikring with 50 per cent each.

Through this innovative project, Entra OPF will create the largest media cluster

in the Nordics, co-locating the important operators in the media industry in

Bergen in one office building; "Media City Bergen". The contract value is

approximately NOK 1 bn. The property consists of approximately 35,000 m² and it

is planned to extend this by around 10,000 m² to a total of 45,000 m².

Construction will begin in Q4 2014.

At the end of 2012, Entra OPF won the competition to house an innovative and

leading media centre for around 1,200 media employees and students. Since the

beginning of 2013 Entra has worked closely with the media companies to arrive at

the best solutions for establishing Media City Bergen.

TV 2, NRK, Bergens Tidende, Bergensavisen, the media faculty of Bergen

University and the graphics company Vizrt have all decided to move their

operations in Bergen to Lars Hilles Gate 30 and have entered into lease

contracts with Entra OPF. The project is currently let around 67 %.

The property will be a landmark building and will be an important part of the

development of the area around Nygårdstangen in Bergen. The project has a total

investment budget of approximately NOK 1.5 billion, including the building's

current value.

For further queries, please contact:

Ina Helen Østby, Communications Advisor Entra ASA

Tel: + 47 481 54 148

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1869765]

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