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2016-11-01

Entra ASA: Q316 - Continued income and value growth

Oslo, 1 November 2016 - Entra ASA recorded rental income of 477 million in the
third quarter 2016, up from 459 million in Q3 2015 (429 million when
adjusting for an extraordinary lease buy-out in Q3-15). Net operating income
was 435 million (411 million), and net income from property management was
260 million (258 million). Property values increased by 374 million (522
million)
. P
rofit before tax was 757 million (681 million) in the quarter.

"We continue to deliver on our focused strategy and are pleased with an
underlying income growth of 11 % year on year, combined with an EPRA NAV
growth of 13 % when adjusting for dividends. Net letting has been strong also
in this quarter and we are very satisfied to see our occupancy ratio above 96
%, said Arve Regland, Entra's CEO.

Entra has signed new and renegotiated leases with annual rent totalling 118
million (60,000 sqm) during Q3 2016. As of 30.09.16 the management portfolio
occupancy was 96.1 % (94.5 %) and the average unexpired lease term of
contracts was 6.8 (7.4) years. Public sector tenants represented 70 % of the
customer portfolio.

During the quarter Entra finalised the project Gullfaks at Hinna Park in
Stavanger according to plan, and the main tenant Wintershall took over the
premises. The property was forward sold to Wintershall in Q3 2015 and the
transaction closed on 31 October 2016.

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| Q316 Q315 YTD16 YTD15 2015 |
| |
| Rental income 477 459 1 393 1 322 1 760 |
| Net operating income 435 411 1 285 1 198 1 574 |
| Net income from property management 260 258 797 579 799 |
| Profit before tax 757 681 1 831 2 358 3 075 |
| |
| Cash Earnings per share* 1.4 1.4 4.3 3.8 5.0 |
| EPRA NAV per share* 93 85 93 85 89 |
| |
----------------------------------------------------------------------------
* 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
was defined as a one-off item and did 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
websitewww.entra.no

Oslo, 1 November 2016
Entra ASA

For further queries please contact: Arve Regland, CEO, tel: +47 479 07700,
email: ar@entra.no or Anders Olstad, CFO, tel + 47 900 22559,
email:ao@entra.no

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 98 buildings totalling approximately 1.3
million square meters, primarily located in Oslo and the surrounding region,
Bergen, Stavanger and Trondheim. The market value of the portfolio
(incl.ownership in associates and JVs) is approximately NOK 37.3 billion.---

Q3-16 report
http://hugin.info/164151/R/2052966/768384.pdf

---------------------------------------
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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