Hafslund ASA has the 31st of May bought 14 700 Hafslund shares of class B at a price of NOK 100.- per share.

 

After this transaction, Hafslund's balance of own shares is 674,958 of 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 2007. 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, 1 June 2006