Entra

Share Issue/Capital Change • Sep 15, 2016

Completion statement - Entra ASA

Completion statement - Entra ASA

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR

INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES, CANADA OR JAPAN,

OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR

RELEASE WOULD BE UNLAWFUL

Entra - The Norwegian State, represented by the

Ministry of Trade, Industry and Fisheries

(the "NMTIF") completes the secondary placement of 30

million shares in Entra ASA.

Reference is made to the announcement on 14 September

2016, where the NMTIF announced a potential sale of up

to 30 million shares in Entra ASA (the "Company"

or "Entra", OSE-ticker "ENTRA"), representing 16.33%

of the share capital and voting rights in the Company.

The NMTIF has today agreed to sell 30,000,000 shares

in the company at a price of NOK 83 per share

(the "Placement").

The trade date for the Placement is 15 September 2016,

with settlement expected to occur on 19 September 2016.

Following completion of the Placement, the Norwegian

State, represented by the Ministry of Trade, Industry

and Fisheries will own 61,368,893 shares and votes in

Entra, representing 33.40% of the share capital and

voting rights in the Company.

Subject to certain customary exemptions, NMTIF has

undertaken not to dispose of any additional shares in

the Company within 90 days following completion of the

Placement without the prior written consent of the

Joint Bookrunners.

ABG Sundal Collier and DNB Markets acted as joint

bookrunners in connection with the Placement.

IMPORTANT NOTICE

This document and the information contained herein is

not for release, publication or distribution in whole

or in part in or into the United States. These

materials do not contain or constitute an offer for

sale or the solicitation of an offer to purchase

securities in the United States. The securities

referred to herein have not been and will not be

registered under the U.S. Securities Act of 1933, as

amended, (the "Securities Act") and may not be offered

or sold in the United States absent registration under

the Securities Act or pursuant to an available

exemption from, or a transaction not subject to, the

registration requirements of the Securities Act.

This document is only addressed to and directed at

persons in member states of the European Economic Area

who are qualified investors within the meaning of

Article 2(1)(e) of the Prospectus Directive (Directive

2003/71/EC) ("Qualified Investors") or to and at other

persons to whom the offering can otherwise be made

pursuant to available exemptions under the Prospectus

Directive. In addition, in the United Kingdom, this

document is being distributed only to, and is directed

only at, Qualified Investors who are persons who have

professional experience in matters relating to

investments falling within Article 19(5) of the

Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or who

are high net worth entities falling within Article 49

(2)(a) to (d) of the Order, and other persons to whom

it may otherwise lawfully be communicated (all such

persons together being referred to as "relevant

persons"). Any investment activity to which this

document relates is available only to relevant persons

in the United Kingdom, and will only be engaged with

such persons. In any member state of the European

Economic Area other than the United Kingdom, the

offering was made pursuant to available exemptions

under the Prospectus Directive. The offering was

subject to a lower limit per order of EUR 100,000.

Each of the Joint Bookrunners is acting for the

Norwegian State, represented by the Ministry of Trade,

Industry and Fisheries (the "NMTIF") in connection

with the offering and no one else, and will not be

responsible to anyone other than the MNTIF for

providing the protections offered to clients of the

Joint Bookrunners nor for providing advice in relation

to the offering.