Entra

Entra ASA : Board proposing semi-annual dividend payments, authorisation to purchase own shares and new board members for the AGM

Reference is made to the Notice of Annual General Meeting in Entra ASA

distributed to shareholders today.

Entra has a very stable cash flow with a high degree of predictability. The

Board of Directors therefore proposes that the AGM authorises the Board of

Directors to pay dividends on a semi-annual basis.

For dividends payable based on the 2015 financial accounts, this implies that

the proposed NOK 3 per share dividend will be paid out on 10 May 2016 as

communicated. In addition, a dividend calculated as 60 % of the Cash Earnings

for the first half year of 2016 will be paid out in the autumn of 2016, thus

representing a higher dividend pay-out ratio for the transition year. For FY

2016 the plan would be to pay out 60 % of Cash Earnings for the second half of

2016 in the spring 2017 and to pay out 60 % of Cash Earnings for the first half

of 2017 in the autumn of 2017.

The Board of Directors furthermore proposes that the AGM gives the Board of

Directors an authorisation to acquire shares in Entra ASA in the market for

subsequent cancellation. The Board of Directors requests the general meeting to

authorise repurchase of the company's shares with a combined nominal value of up

to NOK 3,674,649, corresponding to 2% of the outstanding shares, up to a maximum

purchase total price of NOK 300 million.

The current shareholder-elected Board members are up for election and the

nomination committee propose election of the following Board members to the AGM:

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|Katarina Staaf (1967) |Board member |New |2018 |

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|Widar Salbuvik (1958) |Board member |New |2018 |

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For further information see the Nomination Committee's recommendation to the AGM

on www.entra.no

For further queries please contact: Anders Olstad, CFO, tel: +47 900 22 559,

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2000928]

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