HNA/HNB – Refinancing

Hafslund has signed an agreement with a syndicate of six Nordic banks on a credit facility of NOK 3,600 million as refinancing of the Groups EUR 400 million facility which comes due in 2012. The revolving credit facility has a tenor of five years with possible extension (5+1+1). Hafslund has achieved favourable terms and conditions. There are no financial covenants in the loan agreement. The credit facility shall be used for general corporate purposes.

Hafslund ASA

Oslo, 20. June 2011

For further information, please contact:

Group Treasurer Ketil Wang, tel + 47 975 13 135