HNA/HNB - Sale of shareholding in Cogen AS

Wed, Aug 31, 2011 08:41 CET

Hafslund has today agreed to sell its shareholding in Cogen AS (45 %) to Arendals Fossekompani ASA. Total capital release for Hafslund is NOK 94.3 million, including loan and interest of NOK 27.8 million. Hafslund has booked the investment at market value in its accounts and the sale will give a profit of NOK 3.4 million compared to market value at the end of 2nd quarter 2011.

Hafslund ASA

Oslo, 31 August 2011

For further information, please contact:

Finn Bjørn Ruyter, CFO:

Mobile: +47 911 38 199

Email: finn.bjorn.ruyter@hafslund.no