Elmera Group ASA

Major Shareholding Notification • Jul 1, 2020

FKRAFT - Disclosure of shareholding and mandatory notification of trade

FKRAFT - Disclosure of shareholding and mandatory notification of trade

BKK AS (“BKK”) has today sold 8,000,000 shares in Fjordkraft Holding ASA (the “Company” or "Fjordkraft"), representing 7.65 per cent of the share capital in the Company, at a price of NOK 74.50 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA.

After the transaction, BKK owns 7,933,066 shares, representing 7.59 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 lock-up agreement valid for 60 days for its remaining shares in the Company.

Contact:

BKK AS

Anne Marit Steen, CFO

+47 90 91 95 79

anne.marit.steen@bkk.no