Entra

Entra ASA: Q3-19 Continued value growth

Oslo, 17 October 2019 - Rental income was up by 1 per cent to 577 million in Q3

2019 compared to 570 million in Q3 2018. Net income from property management was

360 million (369 million) in the quarter. Net value changes came in at 471

million (204 million) and profit before tax was 900 million (660 million) in the

quarter.

Entra has signed new and renegotiated leases with annual rent totalling 43

million (19,000 sqm) in the quarter, while net letting in the quarter came in at

6 million. As of 30.09.19 the portfolio occupancy was 96.1 per cent (96.6 per

cent) and the average unexpired lease term of contracts was 6.9 (7.4) years.

During the quarter Entra started a new redevelopment and infill project in

Kristian August gate 13 in Tullinkvartalet in Oslo. The project is 4,300 sqm and

is 100 % pre-let.

Q3-19 Q3-18

Rental income 577 570

Net operating income 530 525

Net income from property management 360 369

Profit before tax 900 660

Cash Earnings per share 1.96 1.99

EPRA NAV per share 147 137

EPRA NNNAV per share 137 127

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

(http://www.entra.no)

Oslo, 17 October 2019

Entra ASA

For further queries please contact: Sonja Horn, CEO, tel: +47 90 56 84 56,

email: [email protected] or Anders Olstad, CFO, tel + 47 90 02 25 59,

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 89 buildings totalling approximately 1.3 million

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

Trondheim. The market value of the portfolio is approximately NOK 48 billion.---

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