Entra

M&A Activity • Dec 9, 2020

Regarding announcement from SBB

Regarding announcement from SBB

9.12.2020 15:12:01 CET | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Reference is made to the announcement today from Samhällsbyggnadsbolaget i

Norden AB ("SBB"), where SBB announced the withdrawal from the offer for Entra

ASA ("Entra") launched 27 November 2020.

The Board of Entra takes notice of the announcement from SBB on the withdrawal

of its offer.

"Importantly, the Board would like to underline that SBB was given access to the

same information on Entra, through a data room, as other interested parties. SBB

was also, as other parties, offered access to Entra's Board and management,

hereunder to discuss the updated valuation. Until today's announcement,

following commencement of its review, SBB has not voiced any concerns relating

to neither the substance of information provided nor the degree of access to

information or the company," says Siri Hatlen, Chair of the Board of Entra, and

continues:

"Regarding the updated valuation, the Board's motivation has been to secure that

relevant and current information is provided to its shareholders and the market.

The updated valuation was performed by the same appraisers and based on the same

principles as earlier valuations, and the overall market perspectives

underpinning the analysis is supported also by other leading commercial real

estate market analysts. The Board stands firmly by the updated valuation as well

as its earlier recommendations and evaluations in relation to the launched and

announced offers, and will continue to focus solely on what it is in the best,

common interest of its shareholders and Entra."

For further details, please see the stock exchange notice released by Entra this

morning.

Shareholders are advised to refrain from taking any action in respect of their

shares in the company which may be prejudicial to their interests, and to

exercise caution when dealing in the shares of the company. There can be no

certainty that any offer will be made or completed.

The Board will in accordance with statutory law in due time provide a

recommendation to the company's shareholders with reference to the relevant

offer(s) for the company's shares.

For further comments, contact:

Siri Hatlen, Chair of the Board of Directors, + 47 91744863,

siri.hatlen@gmail.com

Sonja Horn, CEO, +47 90568456, sh@entra.no

Anders Olstad, CFO, +47 90022559, ao@entra.no

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

ATTACHMENTS

* Download announcement as PDF.pdf

[https://kommunikasjon.ntb.no/ir-files/16126567/207/241/Download%20announceme

nt%20as%20PDF.pdf]