Elmera Group ASA

Share Issue/Capital Change • Apr 20, 2018

FKRAFT - Notification of trade

FKRAFT - Notification of trade

Reference is made to notice of today regarding end of stabilisation following the initial public offering (the "IPO") and listing of shares in Fjordkraft Holding ASA ("Fjordkraft") and exercise by ABG Sundal Collier ASA (as stabilisation manager) of its option to acquire, as described in the prospectus for the IPO and the stabilization and over-allotment option notice of 21 March 2018, a total of 2,646,181 shares in Fjordkraft from BKK AS and Skagerak Energi AS at the IPO price of NOK 31.00 per share. Of these shares, BKK AS has sold 1,334,725 shares and retains 31,607,498 shares in Fjordkraft, representing 30.25% of the outstanding shares. Skagerak Energi AS has sold 1,311,456 shares and retains 31,056,456 shares in Fjordkraft, representing 29.72% of the outstanding shares.

BKK AS and Skagerak Energi AS are represented on the board of directors of Fjordkraft Holding ASA.

For further queries, please contact:

Jeanne Tjomsland, Head of Communications

+47 957 61 644

jeanne.tjomsland@fjordkraft.no