Hafslund – Mandatory notification of trade – Sale of shares in Infratek ASA

Hafslund ASA (“Hafslund”) has on 25 June 2013 entered into an agreement with funds advised by the investment firm Triton (“Triton”), to sell its entire holding of 27,652,360 shares in Infratek ASA (“Infratek” or the “Company”), corresponding to 43.3% of all the issued shares in Infratek, at a price of NOK 14 per share. The sale of Hafslund’s ownership in Infratek to Triton is in line with Hafslunds strategic focus on core activities, and a result of a competitive process. The sale is conditional on approval from the competition authorities in Norway and Sweden, expected in early August 2013. Following a successful completion of the sale, Hafslund will not hold any shares in Infratek. The transaction will give an accounting profit of approximately NOK 90 million following a completion of the sale.

The Norwegian operations of Infratek were originally a business area in Hafslund providing contracting and security services both to internal and external corporate customers. The operations were spun-off and listed as a separate and independent company on the Oslo Stock Exchange in December 2007. In line with the Company’s strategy, a Nordic platform was created following the acquisition of the infrastructure operations of Fortum in Norway, Sweden and Finland in early 2009.

I am pleased to see that Infratek since the IPO, has become a leading Nordic supplier within building, operating and securing of critical infrastructure. It is important for Hafslund to have a competitive supplier market, and Infratek has been a driving force in professionalizing the market for infrastructure services in the Nordic area. We believe Triton has the competence and experience required to further strengthen Infratek’s position, says Finn Bjørn Ruyter, CEO of Hafslund.

Hafslund is represented at the Board of Directors of Infratek ASA with Deputy CEO and Senior Vice President Kari E. Thørud.

Hafslund ASA
Oslo, 26 June 2013

For further information, please contact at Hafslund:

Johan Chr. Hovland, SVP Corporate communications and Public Affairs, tel: +47 917 63 491, e-mail: johan.hovland@hafslund.no

Morten J. Hansen, Financial Director, contact: tel: +47 908 28 577, e-mail: morten.j.hansen@hafslund.no