Entra

Regulatory Filings • Nov 16, 2015

Entra ASA : In exclusive negotiations to buy the office part of Oslo City

Entra ASA : In exclusive negotiations to buy the office part of Oslo City

Entra has together with a partner entered into exclusive negotiations with DnB

Livsforsikring regarding the acquisition of 100 % of the shares of Oslo City

Kjøpesenter AS.  Oslo City Kjøpesenter AS owns the property Oslo City, a

combined shopping center and office property located next to the Oslo central

station. The property consists of a 33,800 sqm shopping center, 33,700 sqm

offices and around 13,100 sqm parking basement.  If the transaction is completed

the property will be sectioned and Entra will own the office part and 50 % of

the parking basement, while the rest will be owned by the partner. The offices

are fully let, of which 96 % to public tenants. Total transaction price is

estimated to around NOK 5 bn, while Entra's part of the transaction is estimated

to around NOK 1.7 bn.

The transaction is subject to satisfactory due diligence, board approval and

approval from the Norwegian Competition Authority. The parties expect to enter

into a share purchase agreement and to complete the transaction within year-

end.

Oslo, 16 November 2015

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.

[HUG#1966913]