Elmera Group ASA

Major Shareholding Notification • Mar 29, 2019

FKRAFT - Disclosure of shareholding and mandatory notification of trade

FKRAFT - Disclosure of shareholding and mandatory notification of trade

Skagerak Energi AS has sold 15,528,228 shares in Fjordkraft Holding ASA (the “Company” or "Fjordkraft"), representing 14.86 per cent of the share capital in the Company, at a price of NOK 35.70 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA.

After the transaction, Skagerak Energi AS owns 15,528,228 shares, representing 14.86 per cent of the share capital in the Company. Skagerak Energi AS is represented on the Board of Directors in Fjordkraft. Skagerak Energi has entered into a customary 90 days lock-up for its remaining shares in the Company.

Contact:

Skagerak Energi AS

Øystein Disch Olsrød, CFO

+47 91 60 22 26

Oystein.Olsrod@skagerakenergi.no