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Elmera Group ASA

Major Shareholding Notification • Sep 23, 2020

3591_mrq_2020-09-23_02e75f8d-6625-4119-b14d-35f5fab1a53f.html

Major Shareholding Notification

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Fjordkraft Holding ASA – Disclosure of large shareholding

Reference is made to the stock exchange notice from Fjordkraft Holding ASA ("Fjordkraft") on 22 September 2020 regarding the acquisition of 100% of the shares in Innlandskraft AS ("Innlandskraft") from Gudbrandsdal Energi Holding AS ("GEH") and Eidsiva Energi AS.

In connection with the settlement of 50% of the purchase price of Innlandskraft, Fjordkraft will issue 9,695,584 shares in Fjordkraft to GEH. Following receipt of the new shares, GEH will own a total of 9,695,584 shares in the Company, equal to 8.48 % of the outstanding shares and voting rights in Fjordkraft.

This information is subject to the disclosure requirements pursuant to Section 4-3 the Norwegian Securities Trading Act