Hafslund ASA's Board has decided that Hafslund shall apply to be de-listed from the London Stock Exchange.

This decision is among other factors based on the low turnover in sales with the company's shares on the London Stock Exchange compared to the costs related to keeping a secondary listing in London, and is based on a joint evaluation of the company's and shareholders interests.

 

Subsequent to the delisting from the Copenhagen Stock Exchange Hafslund will continue to be listed only on the Oslo Stock Exchange. Medio August 2004 Hafslund had a total of approx. 12 580 shareholders, who owned 115 464 943 A-shares and 79 758 505 B-shares. According to the norwegian VPS register the number of british shareholders based on a place of resident criteria is registered with approx. 90 people (investors/nominees), who are estimated to own a total of approx. 34 500 A-shares and  829 000 B-shares, corresponding approx. 0,44 % of the joint share capital in Hafslund.

 

Hafslund ASA

Oslo, 24 September 2004

 

Please address potential questions to the CFO in Hafslund ASA

 

Mr. Christian Berg tlf + 47 917 46 910 or per E-mail christian.berg@hafslund.no.