Hafslund Venture has succeeded in putting together a new ownership structure for Fesil Holding AS (Fesil). Hafslund Venture currently holds 49 % of the shares in Fesil. After the transaction Hafslund Venture will have increased its holding to 49,9 %. Gurta AG will sell their holding of 49 % of the shares, as will Den Danske Bank AS who holds 2 % of the shares in Fesil. Spencer Energy AS buys 32,82 % and Datum AS buys 14,40 % of the shares in Fesil. The remaining 2,88 % of the shares will be privately held by employees in Hafslund Venture.

 

Hafslund ASA is very pleased with the new ownership structure and looks forward to the collaboration. "We wish to take responsibility and be active in the further development of Fesil. We have faith that the new ownership structure will positively affect the future development of the company", says President and Chief Executive Officer Christian Berg.

 

The final agreement is expected to be completed by mid-June. It is expected that the transaction will be granted approval from official authorities

 

As a result of the transaction Hafslund will be able to enter a profit of 290 million NOK during the second quarter of 2008.

 

 

Hafslund ASA

Oslo, 22. April 2008

For further information please contact:

 

President and Chief Executive Officer Hafslund ASA, Christian Berg, tlf 917 46 910

Group Senior Vice President, Hafslund Venture, Tore Schiøtz, tlf 915 21 719

Group Senior Vice President, Treasury, Gunnar Gjørtz, tlf 922 17 200