HNA/HNB - Share buy back

Hafslund ASA has the 22nd of August bought 12 500 Hafslund shares of class B at a price of NOK 147.25 per share. After this transaction, Hafslund`s balance of own shares is 37,184 Hafslund class A- shares and 206,050 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.-, while the highest remuneration that can be paid is NOK 300.- per share. The shares shall primarily be used in programs directed towards employees.
 
Hafslund ASA
Oslo, 22nd of August 2007