Entra

Earnings Release • Oct 29, 2015

Entra ASA Q3 2015: High letting activity and significant value growth

Entra ASA Q3 2015: High letting activity and significant value growth

Oslo, 29 October 2015 - Entra ASA recorded rental income of NOK 459 million in

Q3 2015 (NOK 448 million).  Net income from property management was NOK 378

million (NOK 366) million) and profit before tax was NOK 681 million (NOK 528

million).

"I am satisfied with our financial and operational results. Entra's property

values have increased with NOK 522 million in the quarter and NOK 1,415 million

year to date as a result of solid project developments, positive letting

activities and higher valuations of our central Oslo properties", says Entra's

Chief Executive Arve Regland.

"We have signed several significant lease contracts and we are proud to have

finalised the renovation and new build project in Akersgata 34-36 in Oslo in the

quarter", Mr. Regland continues.

The rental income is positively affected by a NOK 30 million lease buy-out at

Langkaia 1 in Oslo. The underlying reduction in rental income quarter-on-quarter

results from the divestment of 10 non-core properties in Q4 2014 and Q1 2015.

The like-for-like rental growth on the lease contracts was 2.1 per cent from Q3

2014 to Q3 2015.

Entra had high letting activity and signed new and renegotiated leases with an

annual rent totalling NOK 94 million in the quarter. Net letting was NOK 19

millon, and increased rent on the renegotiated contracts was on average 7.4%.

Q3-15 Q3-14 YTD-15 YTD-14 2014

Rental income (NOKm) 459 448 1,322 1,323 1,772

Net income from property management (NOKm) 378 366 1,091 1,072 1 399

Total comprehensive income (NOKm) 495 374 1,950 689 1,000

Earnings per share (NOK) 2.5 2.7 10.2 4.8 5.6

Cash earnings per share (NOK) 1.4 1.4 3.8 4.1 4.1

Net asset value  - EPRA NAV per share (NOK) 85.0 83.3 85.0 83.3 76.4

No of shares (mill.) 183.7 142.2 183.7 142.2 183.7

Entra ASA will present its financial and operating results today at 08:30 CET in

Biskop Gunnerus' gate 14 in Oslo. A live webcast of the presentation as well as

the full quarterly report is available on the company website www.entra.no

Oslo, 29 October 2015

Entra ASA

For further queries please contact: Arve Regland, CEO, tel: +47 479 07700,

email: ar@entra.no or Anders Olstad, CFO, tel + 47 900 22559, email:ao@entra.no

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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

Norway. Entra owns and manages 97 buildings totalling approximately 1.2 million

square meters, primarily located in Oslo and the surrounding region, Bergen,

Stavanger and Trondheim. The market value of the property portfolio is

approximately NOK 29 billion.---

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