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2014-05-09

Entra Eiendom: Agreement reached on leases to establish MediaCity Bergen

TV 2, NRK, Bergens Tidende, Bergensavisen, the media faculty of Bergen
University and the graphics company Vizrt have reached agreement to move
their operations in Bergen to Lars Hilles Gate 30. The property is owned by
Entra OPF, which is itself owned by Entra and Oslo Pensjonsforsikring with 50
per cent each.

At the beginning of 2013 Entra OPF won the competition to house an
internationally leading environment for innovation and know-how development
for 1,200 media employees and students. Since the beginning of 2013 Entra has
worked closely with the media enterprises to arrive at the best solutions for
establishing MediaCity Bergen.

"We are proud that the leading media companies and education and research
establishments have chosen our solution for grouping in a common environment.
MediaCity Bergen will be the most advanced location for undertaking media
production. MediaCity Bergen is a unique cooperative project which many
participants have worked together for a long time to make possible," says
Klaus-Anders Nysteen, CEO of Entra

The property Lars Hilles Gate 30 consists today of approximately 35,000 m² and
it is planned to expand this by around 10,000 m² to a total of 45,000 m². The
property will be a landmark building and will be an important part of the
development of the area around Nygårdstangen in Bergen. The project has a
total investment budget of approximately NOK 1.5 billion, including the
building's opening value. The percentage of the project currently let is
around 67%.

A reservation has been made with regard to planning consent and board approval
in respectively Entra and Oslo Pensjonsforsikring.
This information is subject of 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 Eiendom via Globenewswire

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