Hafslund ASA has 25 February 2008 bought 12,500 Hafslund shares of class B at a price of NOK 104.252 per share. After this transaction, Hafslund`s balance of own shares is zero Hafslund class A- shares and 342,676 Hafslund class B-shares.

 

The share buy back is made under the general power of attorney provided by the General Assembly to acquire Hafslund B shares equivalent to maximum 2% (3,904,469 shares) of the company's share capital. The power of attorney is effective until the ordinary General Meeting in 2008. The lowest remuneration that can be paid per B-share is NOK 10.00, while the highest remuneration that can be paid is NOK 300.00 per share. The shares shall primarily be used in programs directed towards employees.

 

Hafslund ASA

Oslo, 26 February 2008