The agreement with Securitas Direct AS concerning the sale of Hafslund's residential alarm business for NOK 525 million was reported in the press release of 6 August 2008. The agreement was conditional on approval from the Norwegian Competition Authority.

 

The Norwegian Competition Authority has raised no objections within the statutory deadline. The sale has therefore been finally approved and was concluded on Monday 15 September.

 

Hafslund's gains from the sale will be approximately NOK 170 million and will be recorded in the report for the third quarter. The agreement includes Hafslund's provision of a seller's credit of SEK 310 million. 

 

 

Hafslund ASA

Oslo, 15 September 2008

 

 

For further information:

 

Hege Yli Melhus, Group Senior Vice President Markets, tel. +47 414 42 952

 

Karen Onsager, Senior Vice President Communications, tel. +47 920 87 007