Elmera Group ASA

Major Shareholding Notification • Jun 4, 2019

FKRAFT - Disclosure of shareholding and mandatory notification of trade

FKRAFT - Disclosure of shareholding and mandatory notification of trade

BKK AS (“BKK”) has today sold 15,674,432 shares in Fjordkraft Holding ASA (the “Company” or "Fjordkraft"), representing 15.00 per cent of the share capital in the Company, at a price of NOK 42.50 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA.

After the transaction, BKK owns 15,933,066 shares, representing 15.25 per cent of the share capital in the Company. BKK is represented on the Board of Directors in Fjordkraft. BKK has entered into a customary 90 days lock-up for its remaining shares in the Company.

Contact:

BKK AS

Anne Marit Steen, CFO

+47 90 91 95 79

anne.marit.steen@bkk.no