Entra — M&A Activity 2015

Jul 23, 2015

Entra ASA : Wintershall calls option to acquire the property Gullfaks in Stavanger

Entra ASA : Wintershall calls option to acquire the property Gullfaks in Stavanger

Oslo, 23 July 2015 - Gullfaks is a 17,900 sqm office building under construction

at Hinna Park in Stavanger. Entra and Camar Eiendom owns the property 50/50

through the joint venture Hinna Park AS.

Wintershall Norge AS is the main tenant of the building and has called their

option to acquire the property. In addition to the office building, the

transaction will also include part of an underground car park. Wintershall will

acquire the property when finalised in Q3 2016.

On expected closing in Q3 2016 the total transaction price is estimated to be

around NOK 700 million. Book value, when including remaining building cost, is

NOK 595 million as of 30.06.2015. Entra will recognise part of the gain as value

adjustment in Q3 2015 whilst the remaining will be recognised as income on

closing.

Oslo, 23 July 2015

Entra ASA

Corporate communication

For further queries please contact: Arve Regland, CEO Entra ASA, tel:

+47 479 07700, email: ar@entra.no

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act

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