Fastighets AB Balder (publ) (OM:BALD B) intends to make an offer to acquire remaining 66.33% stake in Entra ASA (OB:ENTRA) from a group of shareholders for NOK 24.5 billion on October 12, 2021. Under the Offer, Fastighets AB Balder will acquire remaining 120,811,936 shares of Entra at a price of NOK 202.5 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. The consideration will be settled in cash within two weeks after the expiry of the offer period. Fastighets AB Balder prefer Entra to continue to be listed on the Oslo Stock Exchange. Shareholders are advised to refrain from taking any action in respect of their shares in Entra ASA which may be prejudicial to their interests, and to exercise caution when dealing in the shares of Entra ASA. The Board will in accordance with statutory law in due time, at the latest one week before expiry of the offer period, provide a recommendation to Entra ASA's shareholders on whether they should or should not accept the mandatory offer. As of November 8, 2021, the Oslo Stock Exchange in its capacity as take-over supervisory authority has approved the offer. The offer period will end on December 7, 2021. Skandinaviska Enskilda Banken AB acted as the receiving agentNordea Bank abp, filial i Norge and Skandinaviska Enskilda Banken AB (publ), Oslofilialen are acting as financial advisors and Advokatfirmaet Haavind AS acted as legal advisor to Balder.

Fastighets AB Balder (publ) (OM:BALD B) intends to make an offer to acquire remaining 66.33% stake in Entra ASA (OB:ENTRA) from a group of shareholders for approximately NOK 870 million on December 7, 2021. Post completion, Fastighets AB Balder (publ) get additional 4,310,662 shares, corresponding to approximately 2.37 % of the
registered share capital. settlement of the Mandatory Offer will be made as soon as reasonably possible and no later than 14 calendar days after expiry of the offer period. The latest date on which settlement of the Mandatory Offer will be made December 21, 2021.