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Entra ASA : Profit after tax of NOK 2.7 bn in 2015 (+ 265% on 2014), proposing dividend of NOK 3 per share (+ 20% on 2014)

Oslo, 16 February 2016 -
Entra ASA recorded rental income of NOK 437 million in Q4 2015 (NOK 449
million) and NOK
1,760 million (NOK 1,772 million) in 2015
. Net income from property management was NOK 331 million (NOK 328 million) in
the quarter and NOK 1,421 million (NOK 1,399 million) in 2015. Profit after
tax was NOK 774 million (NOK 326 million) in the quarter and NOK 2,721
million (NOK 1,026 million) in 2015.

"I am very satisfied with our financial and operational results. During 2015
we have signed lease contracts representing NOK 300 million in annual rent,
finalised several profitable development projects and rotated our portfolio
to further strengthen our strategic focus on central properties in Norway's
largest cities", says Entra's Chief Executive Arve Regland. "As a result of
solid project developments, positive letting activities and yield reduction
in our core markets Entra's property values have increased with NOK 403
million in the fourth quarter and NOK 1,818 million in 2015", he continues.

Adjusted for sales of non-core assets, rental income grew by 6 % year-on-year.
The EBIT margin was improved from 79 % to 81 % resulting primarily from
administrative cost efficiencies and the average interest rate was reduced by
76 basis points year-on-year. The board propose to distribute a dividend of
NOK 3 per share, up from NOK 2.5 per share in 2014.

Entra continued its high letting activity and signed new and renegotiated
leases with an annual rent totalling NOK 104 million in the quarter and NOK
300 million in 2015. The portfolio occupancy rate increased from 94.6 % to
95.0 % during 2015. At year-end the management portfolio WAULT was 7.6 years
and public sector tenants represented 74 % of the customer portfolio.

| Q4-15 Q4-14 2015 2014 |
| Rental income (NOKm) 437 449 1,760 1,772 |
| Net income from property management (NOKm) 331 328 1,421 1 399 |
| Profit for the period (NOKm) 774 326 2,721 1,026 |
| Earnings per share (NOK)* 4.2 1.8 14.4 5.6 |
| Cash earnings per share (NOK)*/** 1.2 0.9 5.0 4.1 |
| Net asset value - EPRA NAV per share (NOK)* 88.9 76.4 88.9 76.4 |
* 183.7 million shares ** Cash earnings in 2015 has been adjusted by NOK 115
million due to termination of swap contracts in Q2-2015. The termination fee
is defined as a one-off item and will thus not reduce cash earnings as a
basis for dividend for 2015

Entra ASA will present its financial and operating results today at 08:30 CET
in Biskop Gunnerus' gate 14 in Oslo. A live webcast of the presentation as
well as the full quarterly report is available on the company

Oslo, 16 February 2015
Entra ASA

For further queries please contact: Arve Regland, CEO, tel: +47 479 07700,
email: or Anders Olstad, CFO, tel + 47 900 22559,

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

--- Entra is a leading owner, manager and developer of office properties in
Norway. Entra owns and manages 96 buildings totalling approximately 1.2
million square meters, primarily located in Oslo and the surrounding region,
Bergen, Stavanger and Trondheim. The market value of the property portfolio
is approximately NOK 30 billion.---

Q4 15 - FY 2015


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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