Entra - Regulatory Filings 2021 | FinancialReports.eu

Sale of property in Bergen

1.2.2021 11:45:58 CET | Entra ASA | Additional regulated information required to

be disclosed under the laws of a member state

Entra has sold the property Tollbodallmenningen 2A in Bergen for NOK 40 million,

representing a premium of 13 % compared to book values as of 30 September. The

transaction is structured as a sale of shares in Tollbodallmenningen 2A AS, and

the buyer is Rasmussen Eiendom.

"The property, though unique, is not considered strategic for Entra, and the

divestment will free up capacity for Entra's other projects and properties in

Bergen " said Sonja Horn, Entra's CEO.

Closing will take place today, 1 February 2021.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Anders Olstad, CFO, +47 90022559, [email protected]

ABOUT ENTRA ASA

Entra is a leading owner, manager and developer of office properties in Norway.

Entra owns and manages around 90 buildings totalling approximately 1.3 million

square meters, located in Oslo and the surrounding region, Bergen, Stavanger and

Trondheim. Entra has a solid customer portfolio with a high proportion of public

tenants. The company's strategy is focused on delivering profitable growth, high

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