HNA/HNB - Sale and lease-back of offices

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Hafslund ASA has sold its office at Lørenveien 68 in Oslo for NOK 177 million to a syndicate led by Norden Prosjekt. Hafslund will lease the property back for a period of 15 years. The sale will give an accounting profit before tax of apprx. NOK  40 million. The transaction is a natural step in the on-going work in Hafslund to de-invest non-core assets.
 
DTZ Realkapital Eiendomsmegling AS has advised Hafslund on the transaction.
 
Hafslund ASA
 
Oslo, 28 January 2004
 
For further information please contact
 
CFO Christian Berg
christian.berg@hafslund.no
+ 47 917 46 910