Reference is made to the stock exchange announcement by Entra ASA (the “Company”) on 12 October 2021, where it was informed that Balder had acquired 610,059 shares in Entra, resulting in an aggregate holding of 61,320,119 shares, equalling 33.67 percent of the shares and votes in the Company, thereby triggering an obligation to make a mandatory offer for the remaining shares in the Company pursuant to Chapter 6 of the Norwegian Securities Trading Act.

Balder is launching a mandatory offer to acquire all the shares in the Company that are not already owned by Balder.

Terms and conditions for the Offer:

# Offer Price: NOK 202.50 per share. The Offer Price is equivalent to NOK 205 adjusted for the dividend of NOK 2.50 per Entra share distributed to Entra shareholders in October 2021.

# Offer Period: From and including 9 November 2021 until 16:30 (Norwegian time) on 7 December 2021.

# Settlement: Cash settlement in NOK within two weeks after the expiry of the Offer Period.

# The terms and conditions of the Offer are set out in an offer document prepared by Balder dated 5 November 2021 (the “Offer Document”), which has been approved by the Oslo Stock Exchange in its capacity as take-over supervisory authority. The Offer may only be accepted on the basis of the Offer Document, which will be distributed to the Company’s shareholders as registered in VPS on 8 November 2021, except for shareholders in jurisdictions where it may not be lawfully distributed. The Offer Document may also be obtained free of charge at the offices of the receiving agent: