Entra

Share Issue/Capital Change • Oct 6, 2014

ENTRA - APPLICATIONS BY PRIMARY INSIDERS

ENTRA - APPLICATIONS BY PRIMARY INSIDERS

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE

PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN

WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE

APPLICABLE. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT.

Oslo, 6 October 2014. Reference is made to the stock exchange announcement

today, 6 October 2014, regarding the launch of the initial public offering (the

"Offering") of shares of Entra ASA ("Entra", the "Company", OSE ticker code:

"ENTRA").

On the first day of the bookbuilding period and the application period of the

Offering, the following primary insiders have applied for offer shares in the

retail offering:

* Siri Beate Hatlen (Chair of the Board of Directors) has applied for offer

shares for a total amount of NOK 150,000

* Martin Mæland (Vice Chair of the Board of Directors) has applied for offer

shares for a total amount of NOK 300,000

* Ingrid Therese Tjøsvold (member of the Board of Directors) has applied for

offer shares for a total amount of NOK 60,000

* Kjell Bjordal (member of the Board of Directors) has applied for offer

shares for a total amount of NOK 1,999,999

Further, the following primary insiders have applied for offer shares in the

employee offering:

* Klaus-Anders Nysteen (Chief Executive Officer) has applied for offer shares

for a total amount of NOK 600,000

* Arve Regland (Chief Financial Officer) has applied for offer shares for a

total amount of NOK 600,000

* Hege Njå Bjørkmann (Executive Vice President Communication) has applied for

offer shares for a total amount of NOK 150,000

* Hallgeir Østrem (Executive Vice President Legal) has applied for offer

shares for a total amount of NOK 250,000

* Sonja Horn (Executive Vice President Central Oslo) has applied for offer

shares for a total amount of NOK 250,000

* Mona Aarebrot (Executive Vice President Greater Oslo) has applied for offer

shares for a total amount of NOK 300,000

* Jorunn Nerheim (Executive Vice President South/West Norway) has applied for

offer shares for a total amount of NOK 100,000

* Karl Fredrik Torp (Executive Vice President Mid/North Norway) has applied

for offer shares for a total amount of NOK 140,000

* Anders Solaas (Executive Vice President Sales and Markets) has applied for

offer shares for a total amount of NOK 30,000

* Kristin Haug Lund (Executive Vice President Development & Technology) has

applied for offer shares for a total amount of NOK 300,000

* Tone Kristin Omsted (Investor Relation Manager) has applied for offer shares

for a total amount of NOK 150,000

* Kristian Rosander Hafsteen (Head of Group Accounting) has applied for offer

shares for a total amount of NOK 150,000

* Torstein Hellen Håland (Group Controller) has applied for offer shares for a

total amount of NOK 50,000

* Eline Gedde-Dahl (CEO Advisor) has applied for offer shares for a total

amount of NOK 150,000

* Birthe Helén Smedsrud Skeid (member of the Board of Directors) has applied

for offer shares for a total amount of NOK 150,000

* Frode Erland Halvorsen (member of the Board of Directors) has applied for

offer shares for a total amount of NOK 15,000

All applicants in the employee offering will receive full allocation for their

applications.

The applications have been made according to the terms and conditions for the

Offering described in the prospectus dated 3 October 2014 (the "Prospectus")

prepared in connection with the Offering.

The Prospectus is, subject to regulatory restrictions in certain jurisdictions,

available at www.entra.no, www.abgsc.no, www.danskebank.no,

www.handelsbanken.no/entra and www.swedbank.no. Hard copies of the Prospectus

may be obtained free of charge by contacting one of the Managers or at the

offices of Entra at Biskop Gunnerus' gate 14, 26th floor, N-0185 Oslo, Norway.

ABG Sundal Collier Norge ASA, Goldman Sachs International and Swedbank Norge are

acting as Joint Global Coordinators and Joint Bookrunners for the Offering.

Danske Bank, Handelsbanken Capital Markets and Kempen & Co are acting as Co-Lead

Managers for the Offering. The Joint Global Coordinators and Joint Bookrunners

and the Co-Lead Managers are herein referred to as the "Managers". DNB Markets

is acting as financial advisor to the selling shareholder.

For further queries, please contact:

Arve Regland, CFO

Entra ASA

Tel: +47 479 07 700

Email: arve.regland@entra.no

About Entra

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

Entra owns and manages approximately 1.3 million square meters, divided among

107 buildings, primarily located in Oslo and the surrounding region, Bergen,

Stavanger and Trondheim. As of 30 June 2014, the market value of the property

portfolio was approximately NOK 27 billion.

IMPORTANT INFORMATION

United States

These materials may not be published, distributed or transmitted in the United

States, Canada, Australia, the Hong Kong Special Administrative Region of the

People's Republic of China, South Africa or Japan. These materials do not

constitute an offer of securities for sale or a solicitation of an offer to

purchase securities (the "Shares") of Entra ASA (the "Company") in the United

States, Norway or any other jurisdiction. The Shares of the Company may not be

offered or sold in the United States absent registration or an exemption from

registration under the U.S. Securities Act of 1933, as amended (the "Securities

Act"). The Shares of the Company have not been, and will not be, registered

under the Securities Act. Any sale in the United States of the securities

mentioned in this communication will be made solely to "qualified institutional

buyers" as defined in Rule 144A under the Securities Act.

European Economic Area

Any offering of securities will be made by means of a prospectus to be published

that may be obtained from the issuer or selling security holder, once published,

and that will contain detailed information about the Company and its management,

as well as financial statements.

These materials are an advertisement and not a prospectus for the purposes of

Directive 2003/71/EC, as amended (together with any applicable implementing

measures in any Member State, the "Prospectus Directive"). Investors should not

subscribe for any securities referred to in these materials except on the basis

of information contained in the prospectus.

In any EEA Member State other than Norway (from the time the prospectus has been

approved by the Financial Supervisory Authority of Norway, in its capacity as

the competent authority in Norway, and published in accordance with the

Prospectus Directive as implemented in Norway) that has implemented the

Prospectus Directive, this communication is only addressed to and is only

directed at "qualified investors" in that Member State within the meaning of

Article 2(1)(e) of the Prospectus Directive ("Qualified Investors"), i.e., only

to investors to whom an offer of securities may be made without the requirement

for the Company to publish a prospectus pursuant to Article 3 of the Prospectus

Directive in such EEA Member State.

United Kingdom

In the United Kingdom, these materials are only being distributed to and are

only directed at Qualified Investors who (i) are investment professionals

falling within Article 19(5) of the Financial Services and Markets Act 2000

(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons

falling within Article 49(2)(a) to (d) of the Order (high net worth companies,

unincorporated associations, etc.) (all such persons together being referred to

as "Relevant Persons"). These materials are directed only at Relevant Persons

and must not be acted on or relied on by persons who are not Relevant Persons.

Any investment or investment activity to which this document relates is

available only to Relevant Persons and will be engaged in only with Relevant

Persons.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1860974]