Bonheur ASA — M&A Activity 2015

Jun 19, 2015

Fred. Olsen Renewables - UK wind farm portfolio

Fred. Olsen Renewables - UK wind farm portfolio

Reference is made to the notice to Oslo Stock Exchange as of 8 January 2015,

whereby it was announced that Fred. Olsen Renewables AS, owned 50/50 by Bonheur

ASA and Ganger Rolf ASA, was considering the possibility of bringing in partners

into its operational UK onshore wind farm portfolio of approximately 433 MW

installed capacity, to in part enhance further growth.

Fred. Olsen Renewables Limited, a 100% subsidiary of Fred. Olsen Renewables AS,

and the UK based infrastructure fund The Renewables Infrastructure Group Limited

("TRIG") are in final stage of negotiations for TRIG to acquire a significant

minority interest in the above UK onshore wind farm portfolio. Further

announcement as to a potential completion of the transaction will be made in due

course.