HNA/HNB - Issue of commercial paper

Hafslund ASA has issued a commercial paper of EUR 10 million with maturity 2 September 2011. The loan is issued under Hafslund's Belgian commercial paper program.

Hafslund ASA

Oslo, 2 March 2011

For further information, please contact:

Group Treasurer Ketil Wang, tel + 47 975 13 135