Entra ASA : INCREASE IN SHARE CAPITAL

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT.

Oslo, 20 October 2014. Reference is made to the stock exchange announcement
dated 17 October 2014 regarding the successful completion of the bookbuilding
for the initial public offering of the shares (the "Offering") of Entra ASA
("Entra", the "Company", OSE ticker code: "ENTRA").

Entra has today issued 41,538,461 new shares, each with a par value of NOK
1.00, at an offer price of NOK 65 in connection with the Offering. The new
shares have been legally and validly issued and have been registered in the
Norwegian Register of Business Enterprises. Following the issuance of the new
shares, the share capital of Entra is NOK 183,732,461 consisting of 183,732,461
shares with a par value of NOK 1.00 each.

ABG Sundal Collier Norge ASA, Goldman Sachs International and Swedbank are
acting as Joint Global Coordinators and Joint Bookrunners for the Offering.
Danske Bank, Handelsbanken Capital Markets and Kempen & Co are acting as Co-Lead
Managers for the Offering. The Joint Global Coordinators and Joint Bookrunners
and the Co-Lead Managers are herein referred to as the "Managers". DNB Markets
is acting as financial advisor to the selling shareholder.

For further queries, please contact:

Arve Regland, CFO
Entra ASA
Tel: +47 479 07 700
Email: arve.regland@entra.no

About Entra

Entra is a leading owner, manager and developer of office properties in Norway.
Entra owns and manages approximately 1.3 million square meters, divided among
107 buildings, primarily located in Oslo and the surrounding region, Bergen,
Stavanger and Trondheim. As of 30 June 2014, the market value of the property
portfolio was approximately NOK 27 billion.

IMPORTANT INFORMATION

United States

These materials may not be published, distributed or transmitted in the United
States, Canada, Australia, the Hong Kong Special Administrative Region of the
People's Republic of China, South Africa or Japan. These materials do not
constitute an offer of securities for sale or a solicitation of an offer to
purchase securities (the "Shares") of Entra ASA (the "Company") in the United
States, Norway or any other jurisdiction. The Shares of the Company may not be
offered or sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the "Securities
Act"). The Shares of the Company have not been, and will not be, registered
under the Securities Act. Any sale in the United States of the securities
mentioned in this communication will be made solely to "qualified institutional
buyers" as defined in Rule 144A under the Securities Act.

European Economic Area

Any offering of securities will be made by means of a prospectus to be published
that may be obtained from the issuer or selling security holder, once published,
and that will contain detailed information about the Company and its management,
as well as financial statements.

These materials are an advertisement and not a prospectus for the purposes of
Directive 2003/71/EC, as amended (together with any applicable implementing
measures in any Member State, the "Prospectus Directive"). Investors should not
subscribe for any securities referred to in these materials except on the basis
of information contained in the prospectus.

In any EEA Member State other than Norway (from the time the prospectus has been
approved by the Financial Supervisory Authority of Norway, in its capacity as
the competent authority in Norway, and published in accordance with the
Prospectus Directive as implemented in Norway) that has implemented the
Prospectus Directive, this communication is only addressed to and is only
directed at "qualified investors" in that Member State within the meaning of
Article 2(1)(e) of the Prospectus Directive ("Qualified Investors"), i.e., only
to investors to whom an offer of securities may be made without the requirement
for the Company to publish a prospectus pursuant to Article 3 of the Prospectus
Directive in such EEA Member State.

United Kingdom

In the United Kingdom, these materials are only being distributed to and are
only directed at Qualified Investors who (i) are investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons
falling within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons"). These materials are directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant Persons.
Any investment or investment activity to which this document relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons.

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


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