Interim report for the period 1 January – 30 September 2011

Third quarter (1 July – 30 September 2011) · Net sales during the quarter amounted to MSEK 40.5 (16.7). · Operating income before depreciation (EBITDA) was MSEK 39.8 (9.8). · Operating income (EBIT) amounted to MSEK 17.6 (-0.6), of which a total of MSEK 9.1 refers to development fees for Jädraås. · Earnings after tax totalled MSEK 3.8 (-5.5) which corresponds to SEK 0.12 (-0.18) per share. · Average income per MWh was SEK 682 (774), of which SEK 381 (444) per MWh refers to electricity and SEK 301 (330) per MWh refers to electricity certificates. First nine months (1