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2016-04-06

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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| Name (born): Board position: New/re-elected: Functioning to: |
| Siri Hatlen (1957) Chair Re-elected 2018 |
| Kjell Bjordal (1953) Board member Re-elected 2018 |
| Arthur Sletteberg (1960) Board member Re-elected 2018 |
| Katarina Staaf (1967) Board member New 2018 |
| 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,
email: ao@entra.no

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Entra ASA via Globenewswire

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