Entra

Earnings Release • Oct 19, 2017

Entra ASA : Q3-17- Continued value growth

Entra ASA : Q3-17- Continued value growth

Oslo, 19 October 2017 - Rental income was up by 6 per cent to 507 (477) million

in Q3 2017 and net income from property management was up by 18 per cent to 307

million (260 million. Net value changes came in at 700 million (442 million) and

profit before tax was 1,031 million (757 million).

Entra has signed new and renegotiated leases with annual rent totalling 27

million (11,000 sqm) during Q3 2017, while net letting in the quarter came in at

20 million. As of 30.09.17 the management portfolio occupancy was 97.2 per cent

and the weighted average unexpired lease term of contracts was 6.6 years (7.5

years including the project portfolio).

During the quarter, Entra finalised Media City Bergen according to plan. The

project has involved total renovation of approximately 35,000 square meters and

an extension of approximately 10,000 square meters in Lars Hilles gate 30 in

Bergen. The vision of Media City Bergen is to create an environment for

innovation and knowledge development within the media industry, through

establishing a cluster of media, technology, education and research companies.

The property is now 85 per cent let and tenants include TV2, NRK, Bergensavisen,

Bergens Tidende, the Media Faculty of Bergen University, Vizrt, Regus, Deloitte

and IBM. The property is 50 per cent owned by Entra through Entra OPF.

In July 2017 Entra announced the acquisition of Skanska's 50 per cent share of

Sundtkvartalet based on a property valuation of NOK 1,590 million. The

transaction closed on 2 October 2017.

Q3-17 Q3-16 YTD-17 YTD-16 2016

Rental income     507 477 1 549 1 393 1 899

Net operating income     468 435 1 433  1 285 1 740

Net income from property   307 260 945 797 1 070

management

Profit before tax     1031 757 3 779 1 831 3 306

Cash Earnings per share     1.66 1.42 5.11 4.34 5.80

EPRA NAV per share     121 93 121 93 101

EPRA NNNAV per share     111 85 111 85 93

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, 19 October 2017

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 84 buildings totalling approximately 1.2 million

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

Trondheim. The market value of the portfolio (incl.ownership in associates and

JVs) is approximately NOK 42.5 billion.---