Hafslund sells 36.6% in Actinor Shipping ASA

Hafslund ASA has entered into an agreement with Paal Wilson & Co AS to sell their holding of 1,482,889 shares to a price of NOK 238 per share totaling NOK 353 million. The investment has in the period 1996-2000 given a yearly return of approximately 17% on the invested amount. Mainly because of reclassified deferred tax positions to equity in 1998-99 and the equity accounting, the sale will result in an accounting loss of NOK 21 mill. for the year 2000. Hafslund has no further shares I Actinor Shipping. CFO Knut Øversjøen and SVP Business Development Arne Erik Kristiansen are members of the board of directors in Actinor Shipping ASA. The cash settlement will take place within 9. February 2001.