Entra

Share Issue/Capital Change • Oct 30, 2014

Entra Eiendom : Share capital increase and internal restructuring

Entra Eiendom : Share capital increase and internal restructuring

Oslo, 30 October 2014 - Entra Eiendom AS ("Entra Eiendom" or the "Company", Oslo

Børs ticker   symbol: "ENEID") announces share capital increase and internal

restructuring.

The board of directors of Entra Eiendom has resolved a share capital increase in

Entra Eiendom to strengthen the Company's equity. The share capital increase is

proposed carried out by setting off debt under an intra-group facility of Entra

ASA, which will provide the Company with a total of NOK 1.95 billion, divided on

NOK 1 000 in share capital and NOK 1 949 999 000 in share premium. After

completion of such share capital increase, the share capital of the Company will

be NOK 142 195 000, divided on one share having a par value of NOK 142 195 000.

In addition, the board of directors has resolved a demerger, expected to be

completed during January 2015. In the de-merger, 15 newly established companies

will be assigned ownership to 45 real estate properties currently held by Entra

Eiendom directly. The de-merger is an internal restructuring carried out to

obtain a more appropriate corporate structure. The de-merger is not expected to

have any material practical significance for employees, the Entra ASA group or

its creditors.

The newly established companies will at incorporation be held by Entra Eiendom's

parent company, Entra ASA, but will, immediately after the demerger comes into

effect, be transferred to become wholly owned subsidiaries of Entra Eiendom. The

transfer is contemplated to be carried out through a share capital increase in

Entra Eiendom directed towards Entra ASA, against Entra Eiendom receiving all

shares in the newly established companies as contribution in kind.

The share capital of Entra Eiendom will by completing the de-merger be reduced

from NOK 142 195 000 with NOK 27 403 425 to NOK 114 791 575 divided on one share

having a par value of NOK 114 791 575.

Subject to completing the de-merger and the transfer of the shares in the newly

established companies from Entra ASA to Entra Eiendom mentioned above, the share

capital of Entra Eiendom will be increased with NOK 27 403 425 to NOK

142 195 000 divided on one share having a par value of NOK 142 195 000.

In addition, and subsequent to the de-merger, the Company has resolved to carry

out a merger of its subsidiaries holding real estate properties that are part of

Tullinkvartalet in Oslo.

For further information, please contact:

Arve Regland, CFO. Mobile: +47 479 07 700. E-mail: ar@entra.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1867151]