Hafslund ASA held an annual meeting Wednesday 3 May 2006 at Hotel Continental, Stortingsgaten 24/26, Oslo.

 

110,846,591 A shares were represented (96%) carrying voting rights and 66,580,715 were B shares (90.88%)

 

Hafslund ASA's annual accounts were presented and unanimously approved by the general meeting. The general meeting resolved that dividend corresponding to the Boards proposal of NOK 2.25 per share would be paid for 2005.

 

Upon proposition by the board of directors, the general meeting resolved to provide the board of directors with the authority to acquire own B shares. The maximum nominal value of shares, which may be acquired in accordance with such authority, is NOK 3,904,469, corresponding to 2% of the company's share capital.

 

The general meeting re-elected Christian Brinch and Solveig Ekeberg as board members for the period until the ordinary general meeting in 2008.

 

The Boards remuneration was unanimously approved as proposed.

 

Hans Kristian Rød and Christian Lund were elected as new member of the Nomination Committee until the ordinary general meeting in 2008.

 

Oslo, 4 May 2006