HNA/HNB – Sale of shareholding in Network Norway AS

Hafslund has today completed the sale of shares in Network Norway AS (27.59%) to Tele2 Sverige AB. Total capital release for Hafslund is NOK 439.4 million, including loan and interest of NOK 119.5 million. Hafslund has booked the investment at market value in its accounts and the sale gave a profit of NOK 28.5 million compared to market value at the end of 2nd quarter 2011.

In recent years Hafslund ASA has adopted a clearer focus on renewable energy within hydropower, bioenergy and district heating, and the company is working to further develop infrastructure for energy and to promote growth within Nordic power sales. The sale of shares in Network Norway is part of refining this strategy

Hafslund ASA

Oslo 4. October 2011

For further information, please contact:

SVP Venture, Tore Schiøtz

Mobile: + 47 915 21 719

Email: Tore.Schiotz@hafslund.no