Elmera Group ASA

Major Shareholding Notification • Mar 25, 2020

Major Shareholding Disclosure

Major Shareholding Disclosure

JPMorgan Asset Management Holdings Inc. ("JPMAMHI") has a notifiable interest in the share capital of Fjordkraft Holding ASA as a result of trades by its subsidiary JPMorgan Asset Management (UK) Limited. The total number of shares held by JPMAMHI on 24 March 2020 was 5,591,830 being 5.347% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed notification threshold of 5% on 24 March 2020.

Breakdown by number of shares held:

JPMorgan Asset Management (UK) Limited 5,103,524 (4.880%)

J.P. Morgan Investment Management Inc. 226,905 (0.217%)

JPMorgan Chase Bank, National Association 261,401 (0.250%)

Trades by JPMorgan Asset Management (UK) Limited

Bought shares: 496,009