Arendals Fossekompani

Capital/Financing Update • Mar 1, 2021

Arendals Fossekompani: Successful issuance of NOK 500 million unsecured green bonds

Arendals Fossekompani: Successful issuance of NOK 500 million unsecured green bonds

Arendals Fossekompani: Successful issuance

of NOK 500 million unsecured green bonds

(Arendal, March 1, 2021) Arendals Fossekompani ASA (AFK) has successfully issued NOK 500 million in unsecured green bonds. The bonds have a 7-year tenor and was priced at a fixed coupon of 2.615%. AFK will use the net proceeds to finance green projects as defined in the AFK green bond framework.

“We are pleased to have successfully issued green bonds at favorable terms, primarily due to a strong financial position and a portfolio dominated by green technology companies,” says Lars Peder Fensli, CFO of Arendals Fossekompani.

In connection with the bond issue, AFK has established a green bond framework, which has received the best possible rating, Dark Green, by Cicero Shades of Green. The AFK green bond framework and the second opinion by Cicero can be found as attachments and is also published here: arendalsfossekompani.no/en/esg.

“A dark green assessment is not easily achieved. We are pleased to see that Arendals Fossekompani’s green bond framework is aligned with a pathway to a more sustainable future,” says Ingunn Ettestøl, Director of Sustainability at Arendals Fossekompani.

Pareto Securities acted as Sole Manager and Green Bond Advisor.

For additional comments, please contact:

Lars Peder Fensli, CFO at Arendals Fossekompani: +47 953 63 670

Ingunn Ettestøl, Director of Sustainability at Arendals Fossekompani: +47 924 47 306

Arendals Fossekompani | www.arendalsfossekompani.no

Arendals Fossekompani (AFK) is a green-tech investment company that owns energy- and technology-related companies which enable the transition to a green economy. AFK operates globally in several future-oriented industries, including 3D printing, algo trading, satellite services, battery- and solar technology, software and digitization. Established in 1896, AFK has been a proud producer of renewable hydro power for more than 100 years. The company is headquartered in Arendal, Norway and listed at the Oslo Stock Exchange.