Entra ASA : Terminates interest rate swaps with a notional amount of NOK 2 billion

Oslo, 1 July 2015: To reduce average interest rate and improve forthcoming cash
flow Entra has terminated old and expensive interest rate swaps with a notional
amount of NOK 2 billion. The transaction will furthermore contribute to adapt
the interest rate hedge portfolio to the lower debt level resulting from
divestments of non-core assets in Q4 2014 and Q1 2015.

The termination fee is approximately NOK 115 million, which will increase
realised financial costs in the quarter and reduce actual cash earnings in
2015.  The termination fee will however be defined as a one-off item and will
thus not reduce cash earnings as a basis for dividend for 2015.

As a result, Entra's average interest rate has decreased to 3.96 % as of
30.06.15. At the end of the first quarter 2015 the average interest rate was
4.66 %.

During the first half of 2015, Entra has entered into new 10 year interest rate
swaps with a notional amount of NOK 700 million. These swaps have a forward
start period of approximately 3 years and an average interest rate of 2.32 %.
Entra intends to expand the forward start swap portfolio further going forward
in order to secure current interest rate levels when existing swaps mature.

Enclosed is a detailed table, as published in the quarterly report, showing the
maturity profile and contribution from floating-to-fixed interest rate swaps
used for hedging purposes as well as maturity profile for credit margins on debt
as of 30.06.15 (post abovementioned transactions).

Oslo, 1 July 2015

Entra ASA
Corporate Communication

For further queries please contact: Arve Regland, CEO Entra ASA, tel:
+47 479 07700, email: ar@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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