Entra

Share Issue/Capital Change • Oct 17, 2014

ENTRA - BOOKBUILDING SUCCESSFULLY COMPLETED - OFFER SHARES PRICED AT NOK 65 PER SHARE

ENTRA - BOOKBUILDING SUCCESSFULLY COMPLETED - OFFER SHARES PRICED AT NOK 65 PER SHARE

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE

PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN

WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE

APPLICABLE. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT.

Oslo, 17 October 2014. Entra ASA ("Entra", the "Company", OSE ticker code:

"ENTRA") announces the successful completion of the bookbuilding period for its

initial public offering (the "Offering").

In summary:

* Entra will issue 41,538,461 new shares in connection with the Offering,

raising gross proceeds of NOK 2,699,999,965. There will in total be

183,732,461 shares in issue following the issuance of the new shares.

* The Norwegian Government, represented by the Ministry of Trade, Industry and

Fisheries (the "Selling Shareholder"), will sell 38,929,766 shares in the

Offering, representing approximately 21.2% of the shares of Entra following

the issuance of the new shares sold in the Offering. The Selling Shareholder

will retain an ownership of approximately 56.2% in the Company following the

Offering, prior to the exercise of the over-allotment option granted by the

Selling Shareholder as further described below.

*  The Managers have over-allotted 12,070,234 shares, representing

approximately 15% of the number of shares sold in the Offering before over-

allotment, and exercised their option to borrow an equal number of shares

from the Selling Shareholder for the purpose of covering the over-

allotments. In case of full exercise of the over-allotment option (as

described below) by the Managers, the Selling Shareholder's shareholding in

the Company will be reduced to approximately 49.6%.

* The shares are priced at NOK 65 per share. The price implies a market

capitalisation of Entra of approximately NOK 11.9 billion.

* Trading of the shares in Entra on Oslo Børs will commence on 17 October

2014 on an "if sold/if issued" basis (conditional trading), as further

described in the separate stock exchange notice regarding conditional

trading published today.

Approximately 90% of the shares in the Offering were allotted to investors in

the institutional offering, approximately 9.8% of the shares were allotted to

investors in the retail offering and approximately 0.2% of the shares were

allotted to investors in the employee offering. Following the Offering, Entra is

expected to have approximately 6,000 shareholders.

Notifications of allotted shares and the corresponding amount to be paid by

investors are expected to be communicated to investors on 17 October 2014.

Investors having access to investor services through their VPS account manager

will be able to check the number of shares allocated to them from approximately

08:00 hours (CET) on 17 October 2014. The Managers may also be contacted for

information regarding allocation.

The Selling Shareholder has granted the Managers an over-allotment option,

exercisable by Goldman Sachs International as stabilisation manager within 30

days from the date hereof to cover over-allotments or other short positions in

connection with the Offering. A separate disclosure will be issued by the

stabilisation manager regarding the over-allotment and stabilisation activities.

ABG Sundal Collier Norge ASA, Goldman Sachs International and Swedbank are

acting as Joint Global Coordinators and Joint Bookrunners for the Offering.

Danske Bank, Handelsbanken Capital Markets and Kempen & Co are acting as Co-Lead

Managers for the Offering. The Joint Global Coordinators and Joint Bookrunners

and the Co-Lead Managers are herein referred to as the "Managers". DNB Markets

is acting as financial advisor to the Selling Shareholder.

For further queries, please contact:

Arve Regland, CFO

Entra ASA

Tel: +47 479 07 700

Email: arve.regland@entra.no

About Entra

Entra is a leading owner, manager and developer of office properties in Norway.

Entra owns and manages approximately 1.3 million square meters, divided among

107 buildings, primarily located in Oslo and the surrounding region, Bergen,

Stavanger and Trondheim. As of 30 June 2014, the market value of the property

portfolio was approximately NOK 27 billion.

IMPORTANT INFORMATION

United States

These materials may not be published, distributed or transmitted in the United

States, Canada, Australia, the Hong Kong Special Administrative Region of the

People's Republic of China, South Africa or Japan. These materials do not

constitute an offer of securities for sale or a solicitation of an offer to

purchase securities (the "Shares") of Entra ASA (the "Company") in the United

States, Norway or any other jurisdiction. The Shares of the Company may not be

offered or sold in the United States absent registration or an exemption from

registration under the U.S. Securities Act of 1933, as amended (the "Securities

Act"). The Shares of the Company have not been, and will not be, registered

under the Securities Act. Any sale in the United States of the securities

mentioned in this communication will be made solely to "qualified institutional

buyers" as defined in Rule 144A under the Securities Act.

European Economic Area

Any offering of securities will be made by means of a prospectus to be published

that may be obtained from the issuer or selling security holder, once published,

and that will contain detailed information about the Company and its management,

as well as financial statements.

These materials are an advertisement and not a prospectus for the purposes of

Directive 2003/71/EC, as amended (together with any applicable implementing

measures in any Member State, the "Prospectus Directive"). Investors should not

subscribe for any securities referred to in these materials except on the basis

of information contained in the prospectus.

In any EEA Member State other than Norway (from the time the prospectus has been

approved by the Financial Supervisory Authority of Norway, in its capacity as

the competent authority in Norway, and published in accordance with the

Prospectus Directive as implemented in Norway) that has implemented the

Prospectus Directive, this communication is only addressed to and is only

directed at "qualified investors" in that Member State within the meaning of

Article 2(1)(e) of the Prospectus Directive ("Qualified Investors"), i.e., only

to investors to whom an offer of securities may be made without the requirement

for the Company to publish a prospectus pursuant to Article 3 of the Prospectus

Directive in such EEA Member State.

United Kingdom

In the United Kingdom, these materials are only being distributed to and are

only directed at Qualified Investors who (i) are investment professionals

falling within Article 19(5) of the Financial Services and Markets Act 2000

(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons

falling within Article 49(2)(a) to (d) of the Order (high net worth companies,

unincorporated associations, etc.) (all such persons together being referred to

as "Relevant Persons"). These materials are directed only at Relevant Persons

and must not be acted on or relied on by persons who are not Relevant Persons.

Any investment or investment activity to which this document relates is

available only to Relevant Persons and will be engaged in only with Relevant

Persons.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1863758]