Entra

Earnings Release • Apr 26, 2019

Entra ASA : Q1-19 Continued value and earnings growth

Entra ASA : Q1-19 Continued value and earnings growth

Oslo, 26 April 2019 - Rental income was up by seven per cent from 545 million in

Q1 2018 to 585 million in Q1 2019. Net income from property management was up by

seven per cent to 375 million (349 million).  Net value changes came in at 462

million (492 million) in the quarter and profit before tax was 857 million (856

million) in the quarter.

Entra has signed new and renegotiated leases with annual rent totalling 30

million (14,000 sqm) in the quarter. As of 31.03.19 the portfolio occupancy was

96.3 per cent (96.3 per cent) and the average unexpired lease term of contracts

was 7.2 (7.4) years.

During the quarter, Entra finalised Powerhouse Brattørkaia in Trondheim, an

environment friendly and energy positive office building aiming for BREEAM-NOR

Outstanding. The property is 18,200 sqm and is 91 % let.

Q1-19 Q1-18

Rental income     585 545

Net operating income     542 501

Net income from property management   375 349

Profit before tax     857 856

Cash Earnings per share     2.03 1.88

EPRA NAV per share     146 133

EPRA NNNAV per share     135 124

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

Biskop Gunnerus' gate 14A 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, 26 April 2019

Entra ASA

For further queries please contact: Arve Regland, CEO, tel: +47 479 07 700,

email: ar@entra.no or Anders Olstad, CFO, tel + 47 900 22 559, 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 91 properties totalling approximately 1.3 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 48.5 billion.---