The Offer is not being made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be accepted
from or on behalf of holders in, any jurisdiction (including without limitation
Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland)
or the United States  in which the making of the Offer, the distribution of this
press release or the acceptance of any tender of shares would contravene
applicable laws or regulations or require further offer documents, filings or
other measures in addition to those required under Norwegian law. For further
information, please see section entitled "Important notice" and "Notice for U.S.
shareholders" below.



The Board of Directors of Castellum Aktiebolag (publ) ("Castellum") today
announces its intention to launch a share exchange and cash offer to Entra's
shareholders (the "Offer") representing a premium of 30.8% to Entra's volume
weighted average share price for the 3-month period ending November 23, 2020.
The proposed combination is expected to create substantial value for all
shareholders in the combined company through the creation of the leading Nordic
commercial real estate platform, with an aim to establish the most sustainable
property company in Europe, while preserving the top-class corporate governance
structures that both Castellum and Entra enjoy today.



The total offer consideration consists of a combination of newly issued shares
in Castellum and cash for Entra shares. Castellum is offering to each eligible
Entra shareholder 13 newly issued Castellum shares for every 20 shares in Entra
and NOK 25.68 in cash per share in Entra (the "Base Case Consideration"),
valuing each Entra share at NOK 170.86 at announcement of the offer , based on
the last undisturbed trading price of the Castellum share on Nasdaq Stockholm on
November 23, 2020. In aggregate, a total of up to 108,635,836 Castellum shares
will be issued, and a total of up to NOK 4,292,721,751.45 will be paid in cash
as consideration for Entra shares.



As an alternative to the Base Case Consideration, Castellum is offering eligible
Entra shareholders a mix & match facility, through which each eligible Entra
shareholder is, subject to the restrictions set out below, given the possibility
to elect, either:



a)	to receive as much cash consideration as possible (in addition to the default
cash consideration of NOK 25.68 per share in Entra), and thus as few newly
issued Castellum shares as possible; or



b)	to receive as many newly issued Castellum shares as possible (in addition to
the default share entitlement of 13 newly issued Castellum shares for every 20
shares in Entra), and thus as little cash consideration as possible. 



The relative proportion of the consideration in terms of newly issued Castellum
shares and cash will not be varied as a result of elections made under the mix &
match facility. In order for individual shareholders in Entra to receive a
higher proportion of a certain requested consideration alternative under the mix
& match facility, other shareholders must have made the reverse elections to a
corresponding extent. If no elections are made under the mix & match facility,
the Entra shares tendered will be tendered for the Base Case Consideration. If
tenders made by Entra shareholders under the mix & match facility are not fully
matched, they will be scaled down on a pro rata basis in relation to the number
of shares tendered by the respective shareholder.



The Castellum shares to be offered as consideration in the Offer will be
ordinary shares of Castellum, to be issued as new shares in the share class of
Castellum shares already listed on Nasdaq Stockholm (to be delivered as
"depository receipts" in the VPS, as further described below). Castellum has
only one class of shares, and all shares in the company have equal rights in the
company, including economic participation and voting rights.



Castellum intends to apply for a secondary listing of its shares on Oslo Børs
(the "Oslo Stock Exchange") in connection with the Offer (the "Listing"). The
consideration shares are expected to be delivered to accepting Entra
shareholders in the form of "depository receipts" through the facilities of
Verdipapirsentralen ASA ("VPS") based on a registrar agreement with a depository
bank, as is customary for non-Norwegian companies to enable trading on the Oslo
Stock Exchange. 



Castellum has acquired 15,000,000 shares in Entra at NOK 169 per Entra share in
cash from The Norwegian State, represented by the Ministry of Trade, Industries
and Fisheries ("NMTIF"), equal to 8.24% of Entra's issued and outstanding
shares. Subject to the agreed terms and conditions, Castellum shall compensate
NMTIF for any higher amount offered by Castellum in a mandatory offer or
squeeze-out as a result of the completion of the Offer. Following such
acquisition, Castellum owns 15,000,000 shares in Entra, equalling 8.24% of the
total issued and outstanding shares in Entra.



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