Interim Report for the period 1 January – 30 June 2012

Second quarter (1 April – 30 June 2012) · Net sales for the quarter amounted to MSEK 46 (40). · Operating profit before depreciation (EBITDA) was MSEK 35 (25). · Operating profit (EBIT) amounted to MSEK 12 (9). · Profit before tax amounted to MSEK -8 (2). · Net profit amounted to MSEK -6 (1), which corresponds to SEK -0.18 (0.04) per share. · Average income per MWh was SEK 648 (823), of which SEK 363 (498) per MWh refers to electricity and SEK 285 (325) per MWh refers to electricity certificates. First half year (1 January – 30 June 2012) · Net sales for the two