Stock Exchange Announcements

On 3 November 2023, the following primary insider purchased shares in Elmera Group ASA: Anne Marit Steen (Board Member) has purchased 5,000 shares in Elmera Group ASA at an average price of NOK 23.6598, through the closely associated company Sivilingeniør Helge Hopen AS. After this transaction, Anne Marit Steen holds a total of 6 681 shares.

Exercise of employee share options in Elmera Group ASA ("the Company"). Employees in the Company have on 2 November 2023 exercised 13 332 options. The options had an average strike price of NOK 19.30. Each share option corresponds to one share. The company's liability with respect to the scheme will be met through existing holdings of treasury shares. As of 2 November 2023, Elmera Group ASA holds 5 690 927 treasury shares. The payment has been determined based on a selling price of NOK 22.7307. No options have been exercised by primary insiders. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

Strategic highlights: o Volume growth YoY in both the Consumer and Business segment. o Price increase in the Consumer segment during the quarter, with effects into Q4. o Improved brand reputation and increased rating on smart phone application. o De-risk of the Nordic segment progressing as planned. Financial highlights: o Net revenue adj. NOK 350m (NOK 424m) and EBIT adj. NOK 53m (NOK 121m), driven by product mix changes in the Consumer segment. o Strong revenue growth in New Growth Initiatives, partly driven by migration specific revenue in the Mobile business. o Opex adj. NOK 297m in Q3 (NOK 303m). Cost efficiency process continues. o Strong FCF in the quarter and reduced financing costs from Q2. o QoQ reduction in NWC and NIBD due to seasonally lower volumes and reduced elspot prices. Volume growth YoY and strong contribution from the New Growth Initiatives In the third quarter of 2023, net revenue adjusted was NOK 350m and EBIT adj. was NOK 53m. Volume sold developed positively, with growth in both the Consumer and Business segment YoY as well as over the last twelve months. The elspot price was record high in Q3 2022 following the energy crisis and geopolitical situation in Europe, whereas the elspot price has been at a relatively low level through this quarter. Consumer behaviour and consumption are affected by the low price level, as can be seen from the 9% YoY increased average consumption per delivery in the Consumer segment. The market churn trend continued, with churn lower than the three previous years, likely also affected by the elspot price level. According to Kantar's latest report, the Fjordkraft brand position has strengthened and stands out as the most attractive alternative for customers considering a new supplier. The brand is also number one on both top of mind and brand awareness, by a solid margin. The revenue growth in New Growth Initiatives had a significantly positive impact on the group's results this quarter, mainly driven by positive effects related to the network migration from Telenor to Telia's network. After the migration, the group expects an annual improvement in EBIT adj. from the Mobile business of around NOK 30m compared to before the network migration. Net working capital decreased by NOK 432m in the quarter and net interest-bearing debt decreased by NOK 471m in the quarter, driven by low elspot prices as well as seasonally lower volumes. Please find attached the quarterly report and quarterly presentation. Results Presentation: Time: 1 November 2023 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20231101_9/ For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

We hereby invite you to participate at the presentation of Elmera Group ASA's Q3 2023 results on 1 November 2023. Release: Time: 1 November 2023 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.elmeragroup.no Results Presentation: Time: 1 November 2023 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20231101_9/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Henning Nordgulen. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Financial calendar for Elmera Group ASA FINANCIAL YEAR 2023 22.03.2024 - Annual Report 01.11.2023 - Quarterly Report - Q3 15.02.2024 - Quarterly Report - Q4 FINANCIAL YEAR 2024 15.08.2024 - Half-yearly Report 24.04.2024 - Annual General Meeting 08.05.2024 - Quarterly Report - Q1 07.11.2024 - Quarterly Report - Q3 This information is published pursuant to the requirements set out in the Continuing obligations.

The following primary insiders have decided to purchase shares in Elmera Group ASA ("the Company") from the Company: Steinar Sønsteby (Chair of the Board of Directors): 2 539 shares, holding a total of 18 668 shares in the Company after the transaction Live Haukvik (Board Member): 1 870 shares, holding a total of 6 870 shares in the Company after the transaction Anne Marit Steen (Board Member): 1 681 shares, holding a total of 1 681 shares in the Company after the transaction Per Oluf Solbraa (Board Member): 1 454 shares, holding a total of 4 254 shares in the Company after the transaction Heidi Ose (Board Member): 1 681 shares, holding a total of 3 181 shares in the Company after the transaction Frank Økland (Board Member): 504 shares, holding a total of 1 149 shares in the Company after the transaction Stian Madsen (Board Member): 504 shares, holding a total of 2 009 shares in the Company after the transaction Magnhild Uglem (Board Member): 504 shares, holding a total of 1 079 shares in the Company after the transaction In total, 10 737 shares will be transferred from the Company's holding of treasury shares to the Board Members. The purchase price is NOK 21.6663 per share, which is the volume weighted average price from 17 August and 18 August. After this transaction, the Group holds 5 693 522 treasury shares. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

Exercise of employee share options in Elmera Group ASA ("the Company"). Employees in the Company have on 18 August 2023 exercised 13 332 options. The options had an average strike price of NOK 19.30. Each share option corresponds to one share. The company's liability with respect to the scheme will be met through existing holdings of treasury shares. As of 18 August 2023, Elmera Group ASA holds 5 704 259 treasury shares. The payment has been determined based on a selling price of NOK 20.4617 No options have been exercised by primary insiders. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

Q2 2023 Highlights: -Net revenue adj. NOK 376m (-10% YoY) and EBIT adj. NOK 106m (-24% YoY). -2% volume growth YoY in Norway driven by growth in number of deliveries. 26% volume decrease in the Nordic segment due to fixed price exposure phase-out. -EBIT adj. improvement of NOK 25m YoY in the Nordic segment following the phase-out of legacy fixed price contracts. -Successful migration of mobile customer portfolio to Telia's network. Migration related churn of 15 thousand subscriptions - in line with expectations. -Cost efficiency programme on track. -Proceeds from Telia transaction (NOK 115m) received and dividend of 1.5 per share (NOK 163m) distributed. -QoQ reduction in NWC and NIBD by NOK 350m and NOK 355m respectively. Significant YoY improvement in the Nordic segment and strong cash flow In the second quarter of 2023, net revenue adjusted was NOK 376m and EBIT adj. was NOK 106m. The decrease from second quarter 2022 was primarily driven by product mix changes in the Consumer segment, as the market is converging towards spot-based products. Over the last twelve months the percentage of variable contracts in the consumer segment has been reduced from 27% to 7%. The Nordic segment improved significantly compared to second quarter last year - in fact, the EBIT adj. of NOK 18m is the second-best quarterly result since the acquisition of Switch Nordic Green in 2020. The majority of legacy fixed price contracts with price and volume risk have now been phased out, and the focus going forward is to improve profitability and growth in the segment. The Telia transaction was completed in April, and the proceeds from the transaction of NOK 115m were received. The migration of the customer base to Telia's network is the largest of its kind in Norwegian telecom history and was successfully completed in the quarter. The migration related churn has been in line with expectations. Through improved terms from Telia, the mobile business will positively impact the profits in the New Growth Initiatives segment from Q3 2023. The cost efficiency program is progressing as planned and is one of the Group's main priorities in 2023. Due to the reduction in net working capital and the results generated in the period, net cash from operating activities was NOK 417m and net interest-bearing debt decreased by NOK 355m. Please find attached the quarterly report and quarterly presentation. Results Presentation: Time: 17 August 2023 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20230817_10/ For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

We hereby invite you to participate at the presentation of Elmera Group ASA's Q2 2023 results on 17 August 2023. Release: Time: 17 August 2023 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.elmeragroup.no Results Presentation: Time: 17 August 2023 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20230817_10/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Henning Nordgulen. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

On 11 May 2023, the following primary insider purchased shares in Elmera Group ASA: Per Oluf Solbraa (Board Member) has purchased 2,800 shares in Elmera Group ASA at an average price of NOK 20.52. After this transaction, Per Oluf Solbraa holds a total of 2,800 shares in Elmera Group.

Q1 2023 Highlights -Net revenue adj. NOK 534m (+8% YoY), EBIT adj. NOK 198m (+15% YoY) and volume sold 5.8 TWh (flat YoY) -The phase-out strategy for the variable product portfolio has had a significant positive impact on the Consumer segment in the quarter, balancing the losses from Q4 '22 -The Business segment continues the strong and consistent financial performance. Organic customer growth of 8 thousand deliveries (+7%) in the quarter, the highest since Q2 '18 -Positive trend in the Nordic segment. The majority of the fixed price contracts with profile risk has been phased out per quarter-end Q1 '23 -Cost efficiency programme progressing according to plan -The transaction with Telia was completed on 21 April 2023. The guaranteed consideration for 90% of the customer portfolio (NOK 115m) has been received -Dividend of NOK 1.5 per share was distributed on 5 May 2023 Growth in net revenue and EBIT and positive development in several business areas After two quarters with extraordinary elspot price volatility and customer mobility, the first quarter of 2023 has been more in line with the historical normal, even though elspot prices have remained relatively high through the quarter. Normalised markets have contributed to reduced risk in the variable contract portfolio and in the residual fixed price portfolio in the Nordic segment, both important contributing factors to the 7% YoY growth in net revenue adj. and 15% YoY growth in EBIT adj. The phase-out strategy for the variable products in the Consumer segment has been well executed in the quarter, and the risk margin covered the realised risk in the quarter and also contributed to balance some of the losses from Q4 '22. The portfolio constitutes 8% of the Consumer segment's deliveries at quarter-end and had a significant positive impact on the segment's quarterly results. The Business segment is performing well, and the Nordic segment is on a positive trend as the legacy fixed price contract portfolio with profile risk is being phased out. In the Group's New Growth Initiatives there are several positive developments, particularly the cooperation with Telia which progresses according to plan. The Group's cost efficiency program is also on track and is one of the Group's main priorities in the coming quarters. Please find attached the quarterly report and quarterly presentation. Results Presentation: Time: 10 May 2023 at 08.00 CET The presentation will be webcasted live at: https://teams.microsoft.com/l/meetup-join/19%3ameeting_NTFjYmUwNjMtODA4Ny00NTJhL WIxOGEtNjJiMjI3Y2U5YjEw%40thread.v2/0?context=%7B%22Tid%22%3A%22853e8b83-4054-4e b9-8b26-ec6513dd213d%22%2C%22Oid%22%3A%2266be86c3-29ed-4ffd-97a2-f638b5525146%22 %2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

We hereby invite you to participate at the presentation of Elmera Group ASA's Q1 2023 results on 10 May 2023. Release: Time: 10 May 2023 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.elmeragroup.no Results Presentation: Time: 10 May 2023 at 08.00 CET The presentation will be webcasted live at: https://teams.microsoft.com/l/meetup-join/19%3ameeting_NTFjYmUwNjMtODA4Ny00NTJhL WIxOGEtNjJiMjI3Y2U5YjEw%40thread.v2/0?context=%7B%22Tid%22%3A%22853e8b83-4054-4e b9-8b26-ec6513dd213d%22%2C%22Oid%22%3A%2266be86c3-29ed-4ffd-97a2-f638b5525146%22 %2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Henning Nordgulen. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The shares in Elmera Group ASA will be traded ex dividend of NOK 1.50 as from today, 27 April 2023. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For queries, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and Investor Relations, +47 970 62 526

The annual general meeting (AGM) of Elmera Group ASA was held on 26 April 2023. The general meeting adopted the resolutions proposed by the board and as set forth in the notice. Minutes are attached. For queries, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and Investor Relations, +47 970 62 526

Dividend amount: 1.5 per share Declared currency: NOK Last day including right: 26.04.2023 Ex-date: 27.04.2023 Record date: 28.04.2023 Payment date 05.05.2023 Date of approval: 26.04.2023 For queries, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Notice is hereby served that the annual general meeting of Elmera Group ASA will be held on 26 April 2023 at 08:30 hours. The General Meeting will be held as a digital meeting only, with no physical attendance for shareholders. Attached is the notice of the meeting in English and Norwegian. The appendices to the notice are available at investor.elmeragroup.no For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and Investor Relations, +47 970 62 526

On 9 March 2023, the following primary insider purchased shares in Elmera Group ASA: Arnstein Flaskerud (EVP Strategy & M&A) has purchased 10,000 shares in Elmera Group ASA at an average price of NOK 14.32. After this transaction, Arnstein Flaskerud holds a total of 50,760 shares in Elmera Group.

On 9 March 2023, the following primary insider purchased shares in Elmera Group ASA: Rolf Barmen (CEO) has purchased 10,000 shares in Elmera Group ASA at an average price of NOK 14.35. After this transaction, Rolf Barmen holds a total of 69,052 shares in Elmera Group.

The following primary insider purchased shares in Elmera Group ASA: Magnar Øyhovden (CEO Fjordkraft AS) has purchased 10,000 shares in Elmera Group ASA at an average price of NOK 14.42. After this transaction, Magnar Øyhovden holds a total of 54,600 shares in Elmera Group.

Q4 Highlights: -Group net revenue of 372 NOKm and EBIT adj. of 28 NOKm. Volatile elspot prices and customer migration led to losses on variable contracts in the Consumer segment in the quarter -Solid customer growth in the quarter with more than 20,000 new deliveries in the Consumer segment -Continued strong performance in the Business segment, with all time high pipeline into 2023 -Loss in the Nordic segment due to residual profile costs - significant YoY improvement and in line with guidance from Q3 -Strategic cooperation with Telia on mobile customers - positively affecting profitability -Proposed dividend: NOK 1.50 per share Losses due to volatile elspot prices and customer migration Elspot prices have been highly volatile in Norway in the quarter. This has been especially notable in Central and Northern Norway, where supply conditions in Sweden have led to an unprecedented price increase in December. Pursuant to a regulatory change from 1 November, variable contracts have a mandatory 30-day notification period for price increases. However, as customers have no corresponding binding period, future delivery volumes have become less predictable in phases with high price volatility and shifts in consumer preferences. Elmera Group has assisted customers in migrating from variable to spot contracts and has experienced a significant shift toward spot contracts in Q4. At year-end, variable contract customers represent 11% of the Consumer segment, down from approximately 27% at the beginning of Q4. In order to manage price risk in the variable contract portfolio, the Group enters into forward contracts on parts of the estimated delivery volume. With decreasing elspot prices through October and November, the value of the forward contracts for the variable products these months was negative. Due to significant product migration, the remaining variable contract volume was not sufficient to absorb the negative impact from hedges. In addition, the rapidly increasing prices in December has had a negative margin impact on the remaining unhedged volumes on variable contracts. The Group has stopped sale of variable contracts and have initiated a soft phase-out strategy for the product. The reduction in the variable contract portfolio through Q4 reduces the margin risk associated with the product category going forward. Please find attached the quarterly report and quarterly presentation. Results Presentation: Time: 16 February 2023 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20230216_4/ For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

We hereby invite you to participate at the presentation of Elmera Group ASA's Q4 2022 results on 16 February 2023. Release: Time: 16 February 2023 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.elmeragroup.no Results Presentation: Time: 16 February 2023 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20230216_4/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Henning Nordgulen. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Financial calendar for Elmera Group ASA FINANCIAL YEAR 2022 29.03.2023 - Annual Report 16.02.2023 - Quarterly Report - Q4 FINANCIAL YEAR 2023 17.08.2023 - Half-yearly Report 26.04.2023 - Annual General Meeting 10.05.2023 - Quarterly Report - Q1 02.11.2023 - Quarterly Report - Q3 This information is published pursuant to the requirements set out in the Continuing obligations.

Consumer segment Elspot prices have been highly volatile in Norway in the quarter. This has been especially notable in Central and Northern Norway, where supply conditions in Sweden have led to an unprecedented price increase in December. Pursuant to a regulatory change from 1 November, variable contracts have a mandatory 30-day notification period for price increases. However, as customers have no corresponding binding period, future delivery volumes have become less predictable in phases with high price volatility and shifts in consumer preferences. Elmera Group has assisted customers in migrating from variable to spot contracts and has experienced a significant shift toward spot contracts in Q4. At year-end, variable contract customers are expected to represent less than 15% of the Consumer segment, down from approximately 27% at the beginning of Q4. This significantly reduces the margin risk associated with the product category going forward. In order to manage price risk in the variable contract portfolio, the Group enters into forward contracts on parts of the estimated delivery volume. With decreasing elspot prices through October and November, the value of the forward contracts for the variable products these months was negative. Due to significant product migration, the remaining variable contract volume was not sufficient to absorb the negative impact from hedges. In addition, the rapidly increasing prices in December has had a negative margin impact on the remaining unhedged volumes on variable contracts. The trend of lower energy consumption levels per delivery compared to periods with lower electricity prices has also continued in the quarter. Despite the challenging market conditions, the Group has achieved a customer growth of approximately 20,000 in the Consumer segment so far in Q4. Outlook As a result of the stated developments, the Consumer segment is expected to deliver negative EBIT adjusted in Q4 2022. Performance in the other segments is expected in line with previous communication. Consequently, Elmera Group does not expect to meet the EBIT adjusted outlook for 2022. For 2023, the Group expects EBIT adjusted in the area of NOK 500 million. Due to increasing interest rates and continued high forward electricity price levels, interest expense associated with electricity purchase is expected to significantly increase in 2023 compared to 2022. Further details will be provided in the Q4 earnings release 16 February 2023. Reference is made to stock exchange notice of even date concerning Elmera Group ASA entering into cooperation with Telia Company AB on mobile customers. For further information, please contact: Henning Nordgulen, Group CFO, +47 952 65 990, henning.nordgulen@elmeragroup.no Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526, morten.opdal@elmeragroup.no

Please see attachemet on www.newsweb.no

Please see attachment on www.newsweb

Q3 Highlights: -Strong financial results across all reporting segments. Group net revenue of 424 NOKm (+15% YoY) and EBIT adj. of 121 NOKm (+33% YoY). -Customer growth of 3.5k deliveries in the Consumer segment in the quarter. The trend was positive trough the quarter - and has accelerated so far in Q4. -Positive volume effect from fixed price contracts in the Nordic segment has offset negative effects from profile costs in the quarter. -Business matrix organisation fully implemented. High activity across brands and borders and all-time high pipeline Q422 and Q123. -More than 400.000 customers and alliance partners' customers now use the group's mobile apps. Strong quarter in a challenging market The third quarter of 2022 was a strong quarter for Elmera Group. The Group's net revenue adj. was 424 NOKm, a growth of 15% YoY, while EBIT adj. was 121 NOKm in the quarter, an increase of 33% YoY. Electricity prices have been high, but also very volatile, driven by the geopolitical situation in combination with reduced nuclear power generation and weak hydrology. The peak/off-peak price differences and area price differences are still significant and continue to impact profile costs in the Nordic segment, but positive volume effects offset the negative impact from profile costs in the segment this quarter. In the Consumer segment, the positive trend in customer development continues from the last quarters, and in Q3 the growth was 3 500 deliveries. The sales activity was also high across the brands in the Business segment, and the pipeline for the next quarters is at an all-time high level. Solar panel solutions continue to be in high demand, and the sales capacity has been increased to meet the increased demand. The interest expense for credit related to electricity purchase from Statkraft Energi AS, the Group's main supplier of electrical power, has in previous reporting been recorded in Direct cost of sales. From this quarterly report and going forward the interest compensation will be reported in Interest expense. Comparable figures have been adjusted accordingly. Further details can be found in the appendix to the quarterly presentation. Please find attached the quarterly report and quarterly presentation. Results Presentation: Time: 3 November 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20221103_1/ For queries, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526

We hereby invite you to participate at the presentation of Elmera Group ASA's Q3 2022 results on 3 November 2022. Release: Time: 3 November 2022 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.elmeragroup.no Results Presentation: Time: 3 November 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20221103_1/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Henning Nordgulen. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The following primary insider purchased shares in Elmera Group ASA: Magnar Øyhovden (CEO Fjordkraft AS) has purchased 20,000 shares in Elmera Group ASA at an average price of NOK 22.50. After this transaction, Magnar Øyhovden holds a total of 44,600 shares in Elmera Group.

Q2 2022 Highlights: o Solid financial results despite low consumption volumes in the quarter o Group net revenue of 403 NOKm (+4% YoY) and EBIT adj. of 123 NOKm (-13% YoY) in the quarter o Significant positive shift in trend in the customer development in the Consumer segment, with a stable customer development in the quarter o Continued growth in the Business segment, both in profitability and deliveries o Stable development in the strategic customer base in the Nordic segment. Revenues negatively affected by peak/off-peak prices o New organisational model implemented Solid financial results despite low consumption volumes The second quarter of 2022 has been yet another quarter with high electricity prices. The geopolitical situation in combination with weak hydrology are resulting in an extraordinary price level while limited transmission capacity is causing huge area price differences. Simultaneously, peak/off-peak price differences have been significant in Sweden and Finland, and particularly in June, affecting profits negatively. The Group's net revenue adj. was 403 NOKm and EBIT adj. was 123 NOKm in the quarter - a solid result, despite low consumption volumes following the high elspot price level and a mild June. The organic customer development in the Consumer segment has made a significant positive shift in trend, and the Business segment continues its growth. The Nordic segment's strategic customer portfolio is stable, while low revenue tender customers represent the change from last quarter. The Group implemented a new organisation model in the quarter, where replicating the success from Fjordkraft's Business segment into the Gudbrandsdal Energi and Nordic Green Energy brands, as well as support the realisation of cost efficiency and synergies are important focus areas. Please find attached the quarterly report and quarterly presentation. Results Presentation: Time: 18 August 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220818_2/ For further information, please contact: Morten A. W. Opdal, Acting CFO, +47 970 62 526

We hereby invite you to participate at the presentation of Elmera Group ASA's Q2 2022 results on 18 August 2022. Release: Time: 18 August 2022 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https:// https://investor.elmeragroup.no Results Presentation: Time: 18 August 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220818_2/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and Acting CFO Morten Opdal. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Acting CFO, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Bergen, 8 June 2022 - Please see below information about transactions made under the buy-back program for Elmera Group ASA. Date on which the buyback program was announced: 5 May 2022 Size of the buyback program: up to 5 717 590 shares From 3 June 2022 until 8 June 2022 Elmera Group ASA has purchased a total of 727 363 own shares at the Oslo Stock Exchange at an average price of NOK 22.90 per share. In total, Elmera Group ASA has purchased 5 717 590 shares and has now completed the buy-back program. The issuer's holding of own shares: Following the completion of the above transactions, Elmera Group ASA owns a total of 5 717 590 own shares, corresponding to 5.00% of Elmera Group ASA's share capital. Aggregated overview of transactions per day: Date Aggregated volume (number of shares) Weighted average share price (NOK) 03.06.2022 264 000 23.7827 07.06.2022 263 380 22.7229 08.06.2022 199 983 21.9861 Appendix: An overview of all transactions made under the buy-back programme that have been carried out is attached to this report and available at www.newsweb.no. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Bergen, 3 June 2022: Birte Strander has decided to step down from the Group CFO position and continue her career as CFO in Fjordkraft AS, a subsidiary of Elmera Group ASA. Henning Nordgulen, the current CFO of Sbanken ASA, will replace her and will start in his new position during October 2022. Mr. Nordgulen holds a Bachelor's degree from BI Norwegian Business School and additional education from IMF Lausanne and has been CFO of Sbanken since 2015. Previously he was the CFO of Bergen Group ASA and Corporate Market Director at Sparebanken Vest. "I would like to thank Birte for her excellent contribution as Group CFO over many years, and I am happy that her competence and experience will remain in the Group as she now embarks on her new position as CFO in Fjordkraft AS. I would also like to welcome Henning to the Group, and I am confident that his long experience will be valuable going forward", says CEO Rolf Barmen. As from today, Morten A. W. Opdal is appointed acting Chief Financial Officer and will function until Mr. Nordgulen commences during October 2022. Morten A. W. Opdal has been with the Group since August 2014 and has held the position as Head of Controlling and Investor Relations since May 2018. He holds a master's degree in economics and business administration from Norwegian School of Economics (NHH). For further information, please contact: Rolf Barmen, CEO, +47 900 80 950

Bergen, 2 June 2022 - Please see below information about transactions made under the buy-back program for Elmera Group ASA. Date on which the buyback program was announced: 5 May 2022 Size of the buyback program: up to 5,717,590 shares From 24 May 2022 until 2 June 2022 Elmera Group ASA has purchased a total of 1 848 000 own shares at the Oslo Stock Exchange at an average price of NOK 23.71 per share. The issuer's holding of own shares: Following the completion of the above transactions, Elmera Group ASA owns a total of 4 990 227 own shares, corresponding to 4.36% of Elmera Group ASA's share capital. Aggregated overview of transactions per day: Date Aggregated volume (number of shares) Weighted average share price (NOK) 24.05.2022 264 000 22.7068 25.05.2022 264 000 23.5322 27.05.2022 264 000 24.1298 30.05.2022 264 000 24.1449 31.05.2022 264 000 24.2468 01.06.2022 264 000 23.7355 02.06.2022 264 000 23.4873 Appendix: An overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Bergen, 23 May 2022 - Please see below information about transactions made under the buy-back program for Elmera Group ASA. Date on which the buyback program was announced: 5 May 2022 Size of the buyback program: up to 5,717,590 shares From 13 May 2022 until 23 May 2022 Elmera Group ASA has purchased a total of 1 583 974 own shares at the Oslo Stock Exchange at an average price of NOK 22.69 per share. The issuer's holding of own shares: Following the completion of the above transactions, Elmera Group ASA owns a total of 3 142 227 own shares, corresponding to 2.75% of Elmera Group ASA's share capital. Aggregated overview of transactions per day: Date Aggregated volume (number of shares) Weighted average share price (NOK) Total transaction value (NOK) 13.05.2022 264 000 21.8097 5 757 760.80 16.05.2022 264 000 22.1310 5 842 584.00 18.05.2022 264 000 22.5925 5 964 420.00 19.05.2022 264 000 23.0978 6 097 819.20 20.05.2022 264 000 23.5130 6 207 432.00 23.05.2022 263 974 22.9716 6 063 905.14 Appendix: An overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

With reference to the stock exchange notice from 30 March 2022 regarding the Annual Report for 2021. In the Annual Report for 2021, published 30 March 2022, the numbers in the "current liabilities" table in the Statement of financial position of the parent company Fjordkraft Holding ASA were offset by one row. Attached is an updated version of the Annual Report for 2021. The financial statements of the Group are unaffected by the correction - this only relates to the parent company's financial statements. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Fond forvaltet av DNB Asset Management AS kjøpte 13.05.2022, 374.997 aksjer i Elmera Group ASA (ELMRA NO). Fond forvaltet av DNB Asset Management AS eier etter dette 5.974.341 aksjer i Elmera Group ASA, som utgjør en eierandel på 5,22% av totalt utstedte aksjer i selskapet.

Bergen, 12 May 2022 - Please see below information about transactions made under the buy-back program for Elmera Group ASA. Date on which the buyback program was announced: 5 May 2022 Size of the buyback program: up to 5,717,590 shares From 5 May 2022 until 12 May 2022 Elmera Group ASA has purchased a total of 1 558 253 own shares at the Oslo Stock Exchange at an average price of NOK 23.20 per share. The issuer's holding of own shares: Following the completion of the above transactions, Elmera Group ASA owns a total of 1 558 253 own shares, corresponding to 1.36% of Elmera Group ASA's share capital. Aggregated overview of transactions per day: Date Aggregated volume (number of shares) Weighted average share price (NOK) Total transaction value (NOK) 05.05.2022 252 859 22.8533 5 778 662.58 06.05.2022 264 000 23.2928 6 149 299.20 09.05.2022 264 000 23.6446 6 242 174.40 10.05.2022 264 000 22.8327 6 027 832.80 11.05.2022 262 612 23.3036 6 119 805.00 12.05.2022 250 782 23.2480 5 830 179.94 Appendix: An overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

The following primary insider purchased shares in Elmera Group ASA: Magnar Øyhovden (CEO Fjordkraft AS) has purchased 20,000 shares in Elmera Group ASA at an average price of NOK 22.78. After this transaction, Magnar Øyhovden holds a total of 20,000 shares in Elmera Group.

On 5 May 2022, the following primary insider purchased shares in Elmera Group ASA: Arnstein Flaskerud (EVP Strategy & M&A) has purchased 7,000 shares in Elmera Group ASA at an average price of NOK 22.00. After this transaction, Arnstein Flaskerud holds a total of 40,760 shares in Elmera Group.

On 5 May 2022, the following primary insiders purchased shares in Elmera Group ASA: Rolf Barmen (CEO) has purchased 10,000 shares in Elmera Group ASA at an average price of NOK 22.50. After this transaction, Rolf Barmen holds a total of 59,052 shares in Elmera Group. Birte Strander (CFO) has purchased 4,650 shares in Elmera Group ASA at an average price of NOK 22.18. After this transaction, Birte Strander holds a total of 35,894 shares in Elmera Group.

Q1 2022 Highlights: -Group net revenue of 484 NOKm and EBIT adj. of 160 NOKm in the quarter - in line with trading update -Loss of 20k electricity deliveries in the quarter - however, the trend at the end of the quarter was fairly stable -All time high financial performance in the Business segment this quarter -Warm weather - volume sold decrease 20% YoY, negatively affecting the Consumer segment and Alliance in particular -Share buyback program initiated, starting from 5 May 2022 -Dividend of NOK 3.5 per share for 2021 to be distributed to eligible shareholders today, 5 May 2022 Mild weather and low consumption volumes The first quarter of 2022 has been a quarter with mild weather across the Nordics. This results in lower consumption volumes and has affected both the Consumer and NGI segments negatively this quarter. The Business segment, however, is delivering its best financial performance of all time, with an EBIT adj. of 100 NOKm. The Group's net revenue adj. was 484 NOKm and EBIT adj. was 160 NOKm in Q1 2022. Elspot prices remain at a very high level, driven by the weather situation and the oil & gas price level, which again is affected by the ongoing war in Ukraine. The peak/off-peak differences continue to affect the Nordic segment negatively, however, there were no losses from under-hedging of the fixed price contracts in the quarter. On the annual general meeting on 26 April, the company name was changed to Elmera Group ASA. This was done to reflect that The Group constitutes a diversified business consisting of significantly more than the electricity supplier Fjordkraft AS and the development of the business and the company portfolio is expected to continue under the Group's new name going forward. Please find attached the quarterly report and quarterly presentation. The presentation will be webcasted live, 5 May 2022 at 08.00 CET: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220505_1 For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the presentation of Elmera Group ASA's Q1 2022 results on 5 May 2022. Release: Time: 5 May 2022 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.elmeragroup.no Results Presentation: Time: 5 May 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220505_1 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

On behalf of Mondrian Investment Partners Limited ("Mondrian"), Mondrian hereby notifies you that on behalf of its discretionary investment clients, it has fallen below the threshold of having a notifiable interest in Fjordkraft Holding ASA ("the company"). The total number of voting shares held by Mondrian on behalf of its discretionary investment clients on 28 April 2022 was 5,709,853 which represents 4.99% of the issued share capital and voting rights of the company. Mondrian fell below the notification threshold of 5% following trades executed via market trades on the 28 April 2022. Any interest held by Mondrian in Fjordkraft Holding ASA shares is derived solely through its role as a non-custodial discretionary investment manager.

Reference is made to the announcement on 26 April 2022 relating to the decisions of the annual general meeting, including change of company name. The Company's change of name to Elmera Group ASA has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The Company's new ticker will be "ELMRA".

The shares in Fjordkraft Holding ASA will be traded ex dividend of NOK 3.50 as from today, 27 April 2022. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

The annual general meeting (AGM) of Fjordkraft Holding ASA was held on Tuesday 26 April 2022. The general meeting adopted the resolutions proposed by the board and as set forth in the notice. Minutes are attached. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Please see attachment at www.newsweb.no

In the name and on behalf of FMR LLC, 245 Summer Street, Boston, Massachusetts 02210, United States (the "Investment Manager"), we hereby notify you pursuant to STA Chapter 4, Section 4-1 the following: On 07 April 2022 the shares and rights to shares in Fjordkraft Holding ASA (the "Company") attributable to the Investment Manager crossed below the threshold of 5%. The threshold was crossed due to the sale of shares. Therefore, the total voting rights deemed to be held is 5,401,488, which represent 4.72% of the voting rights of the Company. The shares and rights to shares are owned by the funds listed on Schedule A and are managed by the designated management companies which are undertakings controlled by the Investment Manager. Please see attachment at www.newsweb.no

Please find attached the CMD 2022 presentation material and Q1 2022 trading update. The Capital Markets Day of Fjordkraft Holding ASA will be held on 6 April 2022 from 09:00-11:00 CEST. The presentation will be held at Felix Konferansesenter, Bryggetorget 3, Oslo and will also be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220406_2/ For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Notice is hereby served that the annual general meeting of Fjordkraft Holding ASA will be held on Tuesday 26 April 2022 at 08:30 hours. The General Meeting will be held as a digital meeting only, with no physical attendance for shareholders. Attached is the notice of the meeting in English and Norwegian. The appendices to the notice are available at investor.fjordkraft.no For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Please find enclosed the 2021 Annual Report and the report in European Single Electronic Format (ESEF). The Annual Report is also available from investor.fjordkraft.no For changes in comparable figures and reclassifications, please see Note 1 - Accounting policies. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Dividend amount: 3.5 per share Declared currency: NOK Last day including right: 26.04.2022 Ex-date: 27.04.2022 Record date: 28.04.2022 Payment date 05.05.2022 Date of approval: 26.04.2022 For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

We hereby invite you to participate on the Capital Markets Day ("CMD") of Fjordkraft Holding ASA on 6 April 2022 from 09:00-11:00 CEST. The presentation will be held at Felix Konferansesenter, Bryggetorget 3, Oslo and will also be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220406_2/ For physical participation, please register at investor@fjordkraft.no In connection with the CMD, a trading update on Q1 2022 will be presented, along with a strategic update, a revised financial outlook and commercial updates from the segments. Release: Time: 6 April 2022 at 07.00 CEST The presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no The presentation will be held in English. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

On 25 February 2022, Per Heiberg-Andersen (EVP Nordic) has purchased 2,000 shares in Fjordkraft Holding ASA at an average price of NOK 37.04. After this transaction, Per Heiberg-Andersen holds a total of 5,000 shares in Fjordkraft.

Reference is made to the announcement made by Fjordkraft Holding ASA (the "Company" or "Fjordkraft") on 17 February 2022 regarding the exercise of employee share options. The share capital increase related to the issuance of shares has been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 34 305 540 divided into 114 351 800 shares, each with a nominal value of NOK 0.30. This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 21 February 2022, Jeanne Tjomsland (EVP Head of Communications & HR) has purchased 2,600 shares in Fjordkraft Holding ASA at an average price of NOK 35.50. After this transaction, Jeanne Tjomsland holds a total of 26,028 shares in Fjordkraft.

On 17 February 2022, Arnstein Flaskerud (EVP Head of Strategy and M&A) has purchased 3,000 shares in Fjordkraft Holding ASA at an average price of NOK 35.98. After this transaction, Arnstein Flaskerud holds a total of 33,760 shares in Fjordkraft.

Exercise of employee share options in Fjordkraft Holding ASA ("the Company"). Employees in the Company have on 16 February exercised 50 000 options. The options had an average strike price of NOK 24.30. Each share option corresponds to one share. Pursuant to authorization granted by the Company's Annual General Meeting the Company's share capital will be increased by NOK 15 000 by issuing 50 000 new shares, of par value NOK 0.30. Following the increase, the Company's share capital is NOK 34 305 540 divided into 114 351 800 shares. 2. Options exercised by primary insiders 16 February 2022: Jeanne Tjomsland has exercised 40 000 options in the Company, corresponding to 40 000 shares at the strike price of NOK 24.30. 3. Transfer of rights On 16 February 2022, the primary insider mentioned above transferred the rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. The payment has been determined based on a selling price of NOK 36.8525 4. New holding After exercising options, Jeanne Tjomsland holds 80 000 unexercised options in the Company, corresponding to 80 000 shares. 20 000 options have a strike price of NOK 24.30, 20 000 options have a strike price of NOK 61.50, 20 000 options have a strike price of NOK 74.50 and 20 000 options have a strike price of 37.00. After completion of the abovementioned transactions, the primary insider holds 23 428 shares in the Company. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

With reference to the stock exchange notice from 13 January 2022, where The Group provided an update on Q4 2021 results and customer development. Please find further details below. Q4 Highlights: oStrong financial performance in the Norwegian operations in a challenging market environment -Consumer EBIT adj. (+24% YoY) -Business EBIT adj. (+22% YoY) -First quarter with profitability in the New Growth initiatives segment o The Nordic segment has been significantly affected by the extraordinary situation in the Nordic power market in Q4 - loss of 71 NOKm in the quarter from hedging inefficiencies o Loss of 34' customers in the Consumer segment in Q4 due to intense competition and termination of "price match" service o Proposed dividend of 3.5 NOK per share for 2021 Strong financial performance in the Norwegian operations. Nordic segment affected by extremities In the fourth quarter of 2021 we experienced market extremities without historical comparison. Elspot prices were record high, driven by geopolitical tension, high gas prices and a weak hydrological situation. During December, the daily elspot price in Finland and Southern Sweden passed 4 NOK/kWh on several occasions, and on average the price level and peak/off-peak price differences were around four times the normal level. The fixed price contracts in the Nordic segment are hedged according to our best estimated volume and the associated profile and volume risks are covered in the markup when these contracts are initiated. However, the market extremities that occurred in Q4, in combination with very cold weather in Sweden and Finland, especially in December, led to losses from hedging inefficiencies in the Nordic segment. The Group has initiated a process of aligning the business customers' contract structure and product portfolio with the Norwegian model in order to reduce the associated volume risk on the fixed price contracts going forward. Thus far, the consumption volumes in Sweden and Finland in Q1 have been in line with expectations and we have no indication of under-hedging in January. However, the increased peak/off-peak difference is likely to continue throughout Q1, which will negatively affect the segment's profitability in the quarter. In Norway, the market situation has also been extraordinary, albeit not as extreme as in Sweden and Finland. The financial performance in the Norwegian segments is strong, with tailwind from good hedges. All segments show significant YoY growth and New Growth Initiatives is reaching its first quarter with profitability since the launch of Mobile in 2017. However, the Group's net revenue adj. decrease 6% YoY and EBIT adj. decrease 16% YoY due to the losses in the Nordic segment. Please find attached the quarterly report and quarterly presentation. The presentation will be webcasted live on 10 February 2022 at 08.00 CET: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220210_20 For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 9 February 2022, the Board of Directors approved the grant of 370,000 options in connection with the Group's long-term incentive program. The program is subject to approval at the Annual General Meeting. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees. The following primary insiders have been granted options: Rolf Barmen: 40,000 options, now holding a total of 49,052 shares and 240,000 options Birte Strander: 20,000 options, now holding a total of 31,244 shares and 120,000 options Arnstein Flaskerud: 20,000 options, now holding a total of 30,760 shares and 120,000 options Jeanne Tjomsland: 20,000 options, now holding a total of 23,428 shares and 120,000 options Alf Kåre Hjartnes: 20,000 options, now holding a total of 8,833 shares and 110,000 options Roger Finnanger: 20,000 options, now holding a total of 3,378 shares and 120,000 options Solfrid Aase: 20,000 options, now holding a total of 10,206 shares and 120,000 options Christian Kalvenes: 20,000 options, now holding a total of 931 shares and 120,000 options Solfrid Fluge Andersen: 20,000 options, now holding a total of 4,100 shares and 120,000 options Per Heiberg-Andersen: 20,000 options, now holding a total of 3,000 shares and 80,000 options The options granted vest on 15 February 2025. The options have a strike price of NOK 37 and expire on 14 February 2029 The total number of options outstanding is now 1,870,000. For queries, please contact: Rolf Barmen, CEO, +47 900 80 950

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q4 2021 results on 10 February 2022. Release: Time: 10 February 2022 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no Results Presentation: Time: 10 February 2022 at 08.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220210_20 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Financial calendar for Fjordkraft Holding ASA FINANCIAL YEAR 2021 30.03.2022 - Annual Report 10.02.2022 - Quarterly Report - Q4 FINANCIAL YEAR 2022 18.08.2022 - Half-yearly Report 26.04.2022 - Annual General Meeting 05.05.2022 - Quarterly Report - Q1 03.11.2022 - Quarterly Report - Q3 06.04.2022 - Capital Markets Day Due to Covid-19 instances on key personnel, Fjordkraft Holding ASA has decided to postpone the Capital Markets Day to 6 April 2022 at 09:00 CET. The event will include presentations from the CEO, CFO, EVP Consumer, EVP Business, EVP Nordic and EVP Operations and Power Trading. The Q4 2021 webcast will be held on 10 February 2022 as scheduled. For queries, please contact: Morten A. W. Opdal, Head of Controlling and IR, +47 970 62 526 This information is published pursuant to the requirements set out in the Continuing obligations.

Extreme market conditions with both positive and negative consequences For Fjordkraft Holding ASA. Financial performance: The Nordic segment underperforms, Consumer and Business segments overperform. Nordic segment - Q4 2021: The financial results in Nordic Green Energy ("NGE", registered as Switch Nordic Green AB, a subsidiary in the Fjordkraft Group constituting the "Nordic" reporting segment) in Q4 2021, and the last part of December in particular, have been significantly affected by the extraordinary situation in the Nordic power market. The Nordic segment's EBIT adj. is expected around 75 NOKm negative in Q4 2021 and is related to losses on fixed price contracts due to the inability to fully hedge these efficiently in the current market situation. The fixed price customers' consumption was significantly higher than normal due to a cold December, which has resulted in an under-hedged situation in NGE. Normally, these situations would have a limited financial impact, but due to the current extraordinarily high price level and spread between market price and contract fixed price, this under-hedging had a significantly negative financial effect in December. In addition to this, an extraordinary peak/off-peak intraday and intramonth price volatility throughout Q4, resulted in a much higher-than-normal profile cost, also negatively affecting margins on the fixed price portfolio. -The situation in the power market has been extraordinary, and NGE was negatively impacted by this particularly in December, where both the price level and peak/off-peak differences were around four times higher than usual. The fixed price contracts related to the business segments in Sweden and Finland have a different set-up compared to the fixed price contracts in Norway, where fixed prices typically are offered on a set volume. We are in the process of aligning the contract structure across the countries in order to reduce the associated volume risk, says CEO Rolf Barmen. -Despite this quarter's results, we are still satisfied with the acquisition of NGE. In our view, the acquisition was done at attractive terms, and we firmly believe that NGE will continue to serve as a platform for further growth in the Nordics, says Barmen. -We have a great team in place both in Vasa and Stockholm, the market conditions are equally challenging for all the players in our market areas, but with the implementation of the nuclear power plant Olkiluoto 3 (1,600 MW), which is expected to be fully operative in June 2022, the base load in the area will be more stable and the market is expecting a more normalised price level from then, which will reduce the risk in NGE, says Barmen. Consumer segment - Q4 2021: EBIT adj. margin in Q4 2021 is expected to be in the area of 38% (Q4 2020: 32%), giving a full year EBIT adj. margin of 32%, higher than the targeted 30%. Net revenue is expected up around 3% from Q4 2020 and full year growth around -1%, in line with guidance for 2021. Good hedges, good product management and good cost control under extreme market conditions are the main drivers for the good results. Business segment - Q4 2021: EBIT adj margin in Q4 2021 is expected to be in the area of 64% (Q4 2020: 59%), and full year EBIT margin around 60%, in line with the full year guidance ("higher than the long-term target of 52-54%"). Net revenue growth is expected up around 14% from Q4 2020 and around 23% growth on full year figures (full year guidance: 'above double digit'). Good hedges, good product management and good cost control are the main drivers for the results. Financial performance in summary: All segments apart from the Nordic segment are developing strongly in Q4 2021 and the Group expects to report an EBIT adj. in the area of 130 -140 NOKm in the quarter (Q4 2020: 168 NOKm). All financial figures are subject to changes as the Group is currently preparing its consolidated accounts. Customer development Q4 2021: In total, the customer base of the Group increased by 5k customers. The growth has the following distribution: In the Consumer segment the number of electricity deliveries decreased by 34k in Q4 2021. All brands are proportionally quite equally affected. -In addition to an intense competitive situation, we decided to discontinue our "price matching" service this quarter, and this has naturally resulted in a decline in number of customers. This was a commercial decision for us, as we have experienced that an increasing number of customers on this product were frequently swapping between contracts with negative margins. We believe in offering products with sustainable margins and will continue to develop our product portfolio going forward. We target an organic stabilisation in number of customers from the current level during the year, says Barmen. In the Business segment the number of deliveries was flat, Alliance growth was 5k, Nordic growth was 5k and Mobile increased by 29k subscribers due to the acquisition of Skymobil. The Q4 2021 results will be presented on 10 February and in connection with the presentation there will be a Capital Markets Update where both details on the results and updated targets for the next years will be presented. For queries, please contact: Rolf Barmen, CEO, + 47 900 80 950 Morten Opdal, Head of Investor Relations, + 47 970 62 52

Financial calendar for Fjordkraft Holding ASA FINANCIAL YEAR 2021 30.03.2022 - Annual Report 10.02.2022 - Quarterly Report - Q4 FINANCIAL YEAR 2022 18.08.2022 - Half-yearly Report 26.04.2022 - Annual General Meeting 05.05.2022 - Quarterly Report - Q1 03.11.2022 - Quarterly Report - Q3 10.02.2022 - Capital Markets Day Please find the details regarding Fjordkraft Holding ASA's financial calendar above. As from Q4 2021, the quarterly customer development will be reported in connection with the quarterly presentations and not through separate press releases. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is published pursuant to the requirements set out in the Continuing obligations.

Reference is made to the announcement made by Fjordkraft Holding ASA (the "Company" or "Fjordkraft") on 15 November 2021 regarding the exercise of employee share options. The share capital increase related to the issuance of shares has today been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 34 290 540 divided into 114 301 800 shares, each with a nominal value of NOK 0.30. This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

In the name and on behalf of FMR LLC, 245 Summer Street, Boston, Massachusetts 02210, United States (the "Investment Manager"), we hereby notify you pursuant to STA Chapter 4, Section 4-1 the following: On 18 November 2021 the shares and rights to shares in Fjordkraft Holding ASA (the "Company") attributable to the Investment Manager crossed above the threshold of 5%. The threshold was crossed due to the purchase of shares. Therefore, the total voting rights deemed to be held is 5,964,806, which represent 5.22% of the voting rights of the Company. The shares and rights to shares are owned by the funds listed on Schedule A and are managed by the designated management companies which are undertakings controlled by the Investment Manager. Please see attachment at www.newsweb.no

Employees in the Company have on 12 November 2021 exercised 4 000 options. The options had an average strike price of NOK 24.30. Each share option corresponds to one share. Pursuant to authorization granted by the Company's Annual General Meeting the Company's share capital will be increased by NOK 1200 by issuing 4 000 new shares, of par value NOK 0.30. Following the increase, the Company's share capital is NOK 34 290 540 divided into 114 301 800 shares. The payment has been determined based on a selling price of NOK 48.7074. No options have been exercised by primary insiders. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Q3 Highlights: -29% YoY increase in net revenue and 13% YoY increase in EBIT adj. -The organic growth in the Norwegian market is positive again (+1,753), after a couple of challenging quarters -Skymobil customer portfolio migrated to Fjordkraft from Q4 (01.10.2021) -Purchase price of 1,025 NOK per subscriber, conditional of payment of first invoice -# of subscribers and final purchase price to be settled early December 2021 A good quarter in an extraordinary market Elspot prices have been increasing throughout the third quarter, from a level of around 0.5 NOK/kWh in the southern part of Norway at the beginning of the quarter and reaching a high of more than 1.2 NOK/kWh in September 2021. For reference, the Norwegian area prices at the end of September 2020 were at an all-time low, around 0.02 NOK/kWh. The increasing elspot prices represent a more challenging market sentiment for Fjordkraft. Despite this challenging market, Fjordkraft has been able to grow net revenue, i.a. through the hedging strategy on variable contracts and simultaneously offer the customers a strong value proposition with prices lower than the market price. Net revenue increase 29% YoY and EBIT adj. increase 13% YoY, and after a couple of challenging quarters, the organic growth in the Norwegian market is positive again. Please find attached the quarterly report and quarterly presentation. The presentation will be presented 11 November 2021 at 08.00 CET at Felix Konferansesenter (Oslo) and webcasted at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20211111_2 For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q3 2021 results on 11 November 2021. Release: Time: 11 November 2021 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no Results Presentation: Time: 11 November 2021 at 08.00 CET Venue: Felix Konferansesenter, Bryggetorget 3, 0250 Oslo The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20211111_2/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

I Q3 vokste Fjordkraft-konsernet med 1.753 strømleveranser i den norske delen av virksomheten. Privatsegmentet vokste med 727 strømleveranser, Bedriftssegmentet vokste med 659 strømleveranser og Utvidet Allianse vokste med 367 strømleveranser. Nordic-segmentet falt med 1.584 strømleveranser i kvartalet. Kundeutviklingen i de strategisk viktige segmentene er positiv, og nedgangen i kvartalet skyldes fall i anbudskunder med lav inntjening. -Vi er meget godt fornøyde med kundeutviklingen dette kvartalet. Særlig gledelig er utviklingen i Consumer-segmentet, hvor vi fortsetter den positive trenden fra slutten av Q2 og etter lengre tids Covid-restriksjoner har fått opp aktivitetsnivået i våre fysiske salgskanaler igjen. I Business-segmentet leverer vi organisk vekst for åttende kvartal på rad og den underliggende kundeveksten i Nordic-segmentet er også positiv, sier konsernsjef Rolf Barmen. Antall mobilabonnenter falt med 3.495 i kvartalet. -Vårt NGI-segment utvikler seg også bra. Utvidet Allianse går som planlagt, og vi ser frem til overgangen til MVNO-plattformen i mobilmarkedet, som både vil gi oss spennende kommersielle muligheter og bidra til forbedret lønnsomhet i New Growth Initiatives-segmentet vårt, sier Barmen. Kundebasen i Fjordkraft Holding ASA ved utgangen av Q3: Consumer: 726.241 (+727) Business: 111.629 (+659) Nordic: 165.830 (-1.584) Extended Alliance: 81.385 (+367) Mobile: 130.654 (-3.495) Ved spørsmål, vennligst kontakt: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 27 August 2021, Birte Strander (CFO) has purchased 2,536 shares in Fjordkraft Holding ASA at an average price of NOK 53.3. On 26 May 2021, Birte Strander purchased 192 shares in Fjordkraft Holding ASA at an average price of NOK 56,3. After these transactions, Birte Strander holds a total of 31,244 shares in Fjordkraft.

Q2 Highlights: o 24% YoY increase in net revenue and 14% YoY increase in EBIT adj. o # of deliveries in the Consumer, Business and Nordic segments decreased by 1,959 in the quarter o This is an improvement of 15,292 vs. the development in Q1 2021 o In Q3 2021: Acquisition of SkyMobil's customer portfolio of ~38k subscribers Growth in net revenue and EBIT adj. In the second quarter of 2021, the average daily system price was 647% higher than in the second quarter of 2020. While 2020 as a whole, including the second quarter, was a year with exceptionally low electricity prices due to the hydrologic balance, Q2 2021 has been affected by an increase in the price of CO2 quotas, coal and gas, in addition to low amounts of generation from wind power. Thus, Q2 2020 represented a very favourable market situation, while the market dynamics in Q2 2021 have been more neutral. Net revenue increase 24% YoY and EBIT adj. increase 14% YoY, mainly driven by M&A. The number of electricity deliveries decreased by 1,959 in the quarter, which is a significant improvement from last quarter's development. On 25th of August, Fjordkraft announced the acquisition of SkyMobil's customer portfolio of about 38 thousand subscribers. In addition to the announced platform change within Mobile, this acquisition will contribute positively to the New Growth Initiatives segment. Please find attached the quarterly report and quarterly presentation. The presentation will be webcasted live on 26 August 2021 at 08.00 CEST at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210826_1 For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Fjordkraft acquires Skymobil's mobile customer portfolio Fjordkraft has signed an agreement with Skymobil AS regarding the acquisition of their portfolio of mobile customers. -Fjordkraft has been a challenger in the Norwegian telecom duopoly since entering the market four years ago, and this was an opportunity we could not pass on, says Christian Kalvenes, EVP Consumer in Fjordkraft. M&A more relevant with increased profitability Skymobil AS was established in 2020 as a mobile service provider. Later in 2020, Skymobil acquired the customer portfolio of Hudya. Skymobil has been a price fighter, and the company has won several price comparisons in 2020 and 2021. Skymobil has just below 38,000 mobile subscribers in the Consumer market, distributed across all of Norway. -We are entering into an MVNO platform, which will improve the profitability of our mobile business. This makes acquisitions more relevant, and scale is key in this business, says Arnstein Flaskerud, EVP Strategy and M&A in Fjordkraft. Fjordkraft Mobil had close to 135,000 mobile subscribers at the end of Q2 2021 and is the largest mobile service provider without network operations. No need for change of SIM Skymobil has excelled in price comparisons for small data packages. For the customers, the transition from Skymobil to Fjordkraft will be a seamless experience. -Almost all of the customers will get terms as good or better than what they currently have, and the customers will not need to change their SIM cards due to the transaction, says Kalvenes. The customers will also get access to an attractive loyalty program, a new and improved smart phone application and Fjordkraft's award winning customer service. The customers will continue to be serviced through Telenor's network. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the webcast presentation of Fjordkraft Holding ASA's Q2 2021 results on 26 August 2021. Release: Time: 26 August 2021 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no Results Presentation: Time: 26 August 2021 at 08.00 CEST Due to the current corona situation, the presentation will be webcasted only. The presentation will be webcasted live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210826_1 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Fjordkraft Holding ASA's customer base increased by more than 20,000 electricity deliveries in Q2. The primary driver for the increase was Extended Alliance (+22,099), but the Nordic segment (+6,587) and the Business segment (+2,094) did also contribute positively to the Group's customer growth in the quarter. The Consumer segment (-10,640) shows a positive trend throughout the quarter. The shut down of physical sales channels affected the growth in April, May and first part of June, but after the reopening of physical sales channels in the first part of June there was a significant change in trend, resulting in positive growth figures in the last part of June. "The customer growth in the Consumer segment improved significantly in June, which we are very pleased about. Given the government's plan for reopening after Covid 19, we expect our sales activities to further increase going forward. For the seventh consecutive quarter, the Business segment delivers positive organic growth, and both Sweden and Finland are developing as planned" says Rolf Barmen, CEO of Fjordkraft. Extended Alliance grew by 22,099 deliveries in the quarter, following the start up of two new Alliance partners, while number of mobile subscribers decreased by 526 in the quarter. "The demand for our Extended Alliance offering is strong, and in combination with the transition to the MVNO platform in the Mobile segment, this will contribute to improved profitability in the New Growth Initiatives segment" says Barmen. The customer base of Fjordkraft Holding ASA at the end of Q2: Consumer: 725,514 (-10,640) Business: 110,970 (+2,094) Nordic: 167,414 (+6,587) Extended Alliance: 81,017 (+22,099) Mobile: 134,149 (-526) For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Reference is made to the announcement made by Fjordkraft Holding ASA (the "Company" or "Fjordkraft") on 18 May 2021 regarding the exercise of employee share options. The share capital increase related to the issuance of shares has today been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 34 289 340 divided into 114 297 800 shares, each with a nominal value of NOK 0.30. This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 19 May 2021, the following primary insiders have purchased shares: Per Heiberg-Andersen (EVP Head of Nordic) has purchased 3,000 shares in Fjordkraft Holding ASA at an average price of NOK 55.8. After this transaction, Per Heiberg-Andersen holds a total of 3,000 shares in Fjordkraft. Jeanne Tjomsland (EVP Head of Communications, HR and Sustainability) has purchased 1,900 shares in Fjordkraft Holding ASA at an average price of NOK 55.4. After this transaction, Jeanne Tjomsland holds a total of 23,428 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 18 May 2021, the following primary insider has purchased shares: Solfrid Aase(EVP Head of Service Companies) has purchased 1,500 shares in Fjordkraft Holding ASA at an average price of NOK 55.29. On 12 May 2021, Aase purchased 850 shares in Fjordkraft Holding ASA at an average price of NOK 58,00. After these transactions, Solfrid Aase holds a total of 10,206 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Exercise of employee share options in Fjordkraft ASA ("the Company"). Employees in the Company have on 14 May 2021 exercised 16 000 options. The options had an average strike price of NOK 24.30. Each share option corresponds to one share. Pursuant to authorization granted by the Company's Annual General Meeting the Company's share capital will be increased by NOK 4 800 by issuing 16 000 new shares, of par value NOK 0.30. Following the increase, the Company's share capital is NOK 34 289 340 divided into 114 297 800 shares. The payment has been determined based on a selling price of NOK 52.7015. No options have been exercised by primary insiders. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 14 May 2021, the following primary insider has purchased shares: Solfrid Fluge Andersen (EVP Head of Operations) has purchased 4,100 shares in Fjordkraft Holding ASA at an average price of NOK 52.80. After this transaction, Solfrid Fluge Andersen holds a total of 4,100 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 12 May 2021, the following primary insider has purchased shares: Roger Finnanger (EVP Head of Business) has purchased 2,494 shares in Fjordkraft Holding ASA at an average price of NOK 56.25. After this transaction, Roger Finnanger holds a total of 3,378 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 12 May 2021, the following primary insiders have purchased shares: Rolf Barmen (CEO) has purchased 5,000 shares in Fjordkraft Holding ASA at an average price of NOK 58.00. After this transaction, Rolf Barmen holds a total of 49,052 shares in Fjordkraft. Arnstein Flaskerud (EVP Head of Strategy and M&A) has purchased 4,000 shares in Fjordkraft Holding ASA at an average price of NOK 57.50. After this transaction, Arnstein Flaskerud holds a total of 30,760 shares in Fjordkraft. Jeanne Tjomsland (EVP Head of Communications, HR and Sustainability) has purchased 2,450 shares in Fjordkraft Holding ASA at an average price of NOK 57.75. After this transaction, Jeanne Tjomsland holds a total of 21,528 shares in Fjordkraft. Morten A. W. Opdal (Head of Controlling and Investor Relations) has purchased 1,605 shares in Fjordkraft Holding ASA at an average price of NOK 55.68. After this transaction, Morten A. W. Opdal holds a total of 5,086 shares in Fjordkraft. Heidi Ose (Board Member) has purchased 1,500 shares in Fjordkraft Holding ASA at an average price of NOK 56.00. After this transaction, Heidi Ose holds a total of 1,500 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Q1 Highlights: -6% YoY increase in net revenue and 9% YoY decrease in EBIT adj. versus a historically strong Q1 in 2020 -Unfavourable market dynamics with significant and rapid increase in elspot prices, particularly in January -Number of deliveries in the Consumer and Business segments decreased by 17,251 in the quarter -Negative one-off effect of about 10,900 deliveries from the Innlandskraft transaction, primarily due to stop of sales activities and the termination of the Eidsiva brand -Extended Alliance grew by 2,908 deliveries in the quarter, number of mobile subscribers grew by 2,280, while number of deliveries in the Nordic segment decreased by 3,466 due to phaseout of tender customers with low profitability Unfavourable market dynamics affecting the quarter The first quarter of 2021 has been a quarter with great volatility in the electricity market. At the start of the quarter, the Norwegian area prices varied between 24 and 27 NOK øre per kWh. On 8 January, four out of five area prices in Norway were priced at 80 NOK øre per kWh, a rapid and significant increase driven by cold and dry weather. The volatility continued into February, with prices even passing 1 NOK per kWh in certain areas. When prices increase with such magnitude over a short period of time, this puts pressure on the Group's margins, which is the main driver for the 9% YoY decrease in EBIT adjusted. Net revenue adjusted increased by 6% YoY and was driven by M&A growth. The number of deliveries in the Consumer and Business segments decreased by 17,251 in the quarter. In Q1, the Group experienced a negative one-off effect of about 10,900 deliveries from the Innlandskraft transaction, primarily due to stop of sales activities and the termination of the Eidsiva brand. The one-off effect from the termination was expected, however, the effect was larger than anticipated. Apart from the negative one-off effect from the termination of the Eidsiva brand, the shutdown of physical distribution channels following Covid-19 has had a negative impact on the Group's growth figures. Negative media attention following the Consumer Authority dialogue has also had an impact - all these matters are now settled. The certification "Trygg Strømhandel" is progressing as scheduled, and the first electricity retailers are expected to be certified in Q3 2021. Extended Alliance grew by 2,908 deliveries in the quarter, number of mobile subscribers grew by 2,280, while number of deliveries in the Nordic segment decreased by 3,466 - the latter is related to the phaseout of tender customers with low profitability. The presentation will be webcasted live at 12 May 2021 at 08.00 CEST: https://channel.royalcast.com/landingpage/hegnarmedia/20210512_5/ For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the webcast presentation of Fjordkraft Holding ASA's Q1 2021 results on 12 May 2021. Release: Time: 12 May 2021 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no Results Presentation: Time: 12 May 2021 at 08.00 CEST Due to the current corona situation, the presentation will be webcasted only. The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20210512_5/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and Acting CFO Ole Johan Langenes. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The shares in Fjordkraft Holding ASA will be traded ex dividend NOK 3.50 as from today, 22 April 2021. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

The Annual General Meeting of Fjordkraft Holding ASA was held at 08.30 CEST today, 21 April 2021. Please see attached a copy of the Minutes from the Annual General Meeting. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject of the disclosure requirements according to §5-12 vphl (Norwegian Securities Trading Act).

The number of electricity deliveries in the Consumer and Business segments decreased by 17,251 in first quarter 2021. The Consumer segment decreased by 19,150 deliveries, while the Business segment grew by 1,899 deliveries. In Q1, the Group experienced a negative one-off effect of about 10,900 deliveries from the Innlandskraft transaction, primarily due to stop of sales activities and the termination of the Eidsiva brand. The one-off effect from the termination was expected, however, the effect was larger than anticipated. In Q1, the Fjordkraft brand and the TrøndelagKraft brand decreased by about 6,400 deliveries. Extended Alliance grew by 2,908 deliveries in the quarter, and number of mobile subscribers grew by 2,280, while number of deliveries in the Nordic segment decreased by 3,466. -It has been a tough first quarter due to the market dynamics, Covid-19 and negative media attention. In a high elspot price sentiment, the customer churn increases, and normally we are able to win new customers through our physical distribution. However, the majority of our physical distribution has been shut down due to Covid 19 this quarter. That said, the development in sales figures in the Business segment, Mobile and Extended Alliance are uplifting, and we expect a positive growth in the Consumer segment once the Covid restrictions are lifted, says CEO Rolf Barmen. -The Nordic segment is developing as planned. The decrease in number of deliveries in the quarter is related to the phaseout of tender customers with low profitability. We experience a growth in sales figures in the strategic customer segments in both Sweden and Finland, says Barmen. The Group expects to report an EBIT adjusted of about 210 MNOK in Q1 2021 (Q1 2020: 238 MNOK), and an EBIT adjusted margin of about 41% (Q1 2020: 49%). -As mentioned, this has been a tough first quarter. The elspot price development last year was highly favourable, giving us a historically strong start to the year, while the elspot price development this year has been a lot more challenging. This has a negative impact, mainly on the Consumer segment, while the other segments are showing a positive development, says Barmen. The number of deliveries at the end of Q1 2021 for all brands in the Group are presented below: Consumer: 736,154 Business: 108,876 Nordic: 160,827 Extended Alliance: 58,918 Mobile: 134,675 Queries: Rolf Barmen, CEO, + 47 900 80 950 Morten Opdal, Head of Investor Relations, + 47 970 62 526

Notice is hereby served that the annual general meeting of Fjordkraft Holding ASA will be held on 21 April 2021 at 08:30 hours in Auditoriet in the Company's offices in Folke Bernadottes Vei 38, 5147 Fyllingsdalen, Bergen. Please find the notice attached. All relevant documents are available on investor.fjordkraft.no In light of the Norwegian authorities' measures to stop the spreading of Covid-19, Fjordkraft Holding ASA seeks to limit physical participation at the Annual General Meeting. Shareholders are therefore strongly requested to vote in advance or to appoint the Chairman of the board as proxy with or without voting instructions. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Reference is made to the stock exchange announcement made on 26 March 2021 regarding details on the upcoming dividend, where the record date was incorrect. The correct information is as follows: Dividend amount: 3.5 per share Declared currency: NOK Last day including right: 21.04.2021 Ex-date: 22.04.2021 Record date: 23.04.2021 Payment date 04.05.2021 Date of approval: 21.04.2021 For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Dividend amount: 3.5 per share Declared currency: NOK Last day including right: 21.04.2021 Ex-date: 22.04.2021 Record date: 14.04.2021 Payment date 04.05.2021 Date of approval: 21.04.2021 For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Fjordkraft Holding ASA's annual report is published. The report is attached to this stock exchange notice and published on investor.fjordkraft.no For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Q4 Highlights: o 25% YoY increase in net revenue and 14% YoY growth in EBIT adj. driven by M&A growth o # of deliveries passing the 1m milestone with the inclusion of Nordic Green Energy's deliveries o The transaction was completed on 10 November 2020 and figures and financials are included as from then o Gross revenue decrease by 20% YoY, driven by a mild quarter with volatile and relatively low elspot prices o Reached the targeted 125k mobile subscribers milestone in the Fjordkraft brand by year-end 2020 Growth through M&A The fourth quarter has been another eventful quarter for Fjordkraft. The Switch Nordic Green acquisition was completed on 10 November and took the Group past the 1m electricity deliveries milestone. Another milestone was reached when Fjordkraft Mobile passed the targeted 125k mobile subscribers at year-end. Adding the ~7k subscribers in Gudbrandsdal Energi, the Group has a total of 132k subscribers and is the largest mobile service provider in the Norwegian market. Net revenue adj. increased by 25% YoY while EBIT adj. increased by 14% YoY, with M&A as the driver for the growth. In a market where competition is intense and margins are constantly under pressure, acquisitions are important to keep the business growing. Nordic Green Energy's financials are included as from 10 November and will be reported as a separate segment, while Innlandskraft's figures are included in the Consumer and Business segments. All three months in the quarter were warmer than both last year and the normal, especially November and December, which both were 4.6 degrees Celsius warmer than normal. Elspot prices have been volatile in Q4, with a price decrease in the first half, followed by a price increase through the second half of the quarter. Please find attached the quarterly report and quarterly presentation, as well as the Capital Markets Day presentation. The Q4 presentation will be webcasted live Friday 19 February 2021 at 08.00 CET at: https://channel.royalcast.com/landingpage/hegnarmedia/20210219_6/ The Capital Markets Day will be webcasted live Friday 19 February 2021 at 09.00 CET at: https://channel.royalcast.com/landingpage/hegnarmedia/20210219_7/ For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the webcast presentation of Fjordkraft Holding ASA's Q4 2020 results and Capital Markets day on Friday 19 February 2021. Release: Time: Friday 19 February 2021 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Friday 19 February 2021 at 08.00 CET Capital Markets Day: Time: Friday 19 February 2021 at 09.00 CET Due to the current corona situation, the presentation will be webcasted only. The Q4 presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20210219_6/ The Capital Markets Day will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20210219_7/ The presentations will be held in English. A recording of the presentations will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Reference is made to the long-term incentive program for key employees that was established by the Board of Directors on 10 December 2018. In connection with the appointment of Per Heiberg-Andersen as EVP Nordic, the Board of Directors approved the grant of 40,000 additional options on 9 November 2020. The program is subject to approval at the Annual General Meeting. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees. The following primary insider has been granted options: Per Heiberg-Andersen: 40,000 options, now holding a total of 40,000 options Half of the options granted vest on 15 February 2022. The options have a strike price of NOK 79.7 and expire on 14 February 2023 The other half of the options vest on 15 February 2023. The options have a strike price of NOK 79.7 and expire on 14 February 2027. The total number of options outstanding is now 1,190,000. The following primary insiders are now holding options: Rolf Barmen: holding a total of 44,052 shares and 160,000 options Birte Strander: holding a total of 28,516 shares and 80,000 options Arnstein Flaskerud: holding a total of 26,760 shares and 80,000 options Jeanne Tjomsland: holding a total of 19,078 shares and 80,000 options Alf Kåre Hjartnes: holding a total of 8,833 shares and 70,000 options Roger Finnanger: holding a total of 884 shares and 80,000 options Solfrid Aase: holding a total of 7,856 shares and 80,000 options Christian Kalvenes: holding a total of 931 shares and 80,000 options Solfrid Fluge Andersen: holding a total of 80,000 options Per Heiberg-Andersen: holding a total of 40,000 options Ole Johan Langenes: holding a total of 7,000 shares and 40,000 options Morten A. W. Opdal: holding a total of 3,481 shares and 40,000 options For queries, please contact: Rolf Barmen, CEO, +47 900 80 950

Bergen 21 January 2021. BKK AS ("BKK") has today sold 7,933,066 shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 6.94 per cent of the share capital in the Company, at a price of NOK 78.00 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA. After the transaction, BKK holds no shares in the Company. Birthe Iren Grotle, an employee of BKK, is a member of the board of directors in Fjordkraft. Contact: BKK AS Anne Marit Steen, CFO +47 90 91 95 79 anne.marit.steen@bkk.no

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL ABG Sundal Collier ASA (the "Manager") has been retained by BKK AS ("BKK") to explore the sale of up to 7,933,066 existing shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 6.94% of the share capital in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process. The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Manager. A further announcement will be made following pricing of the shares in the Placing. BKK reserves the right, at its own discretion, to sell fewer shares or no shares at all. BKK currently holds 7,933,066 shares in the Company, representing 6.94% of the share capital in the Company, and assuming all shares offered in the Placing are sold, BKK will no longer hold any shares in Fjordkraft. Birthe Iren Grotle, an employee of BKK, is a member of the board of directors in Fjordkraft. For further information, please contact: ABG Sundal Collier: +47 22 01 60 11

The number of electricity deliveries decreased by 3,264 in the Consumer segment and Business segment combined in the fourth quarter. Historically, the Consumer segment has comprised the brands Fjordkraft and TrøndelagKraft. As from Q4, the segment also includes the Gudbrandsdal Energi and Eidsiva Marked brands. In total, the number of deliveries in the segment decreased by 5,982 in the quarter. The Business segment also comprises the above-mentioned brands as from Q4, and the number of deliveries increased by 2,718 in the quarter. Extended Alliance grew with 9,892 deliveries in the quarter. Combined growth for all the electricity retail segments in Norway was 6,628 deliveries in the quarter. At quarter end, the Consumer segment comprised 755,304 electricity deliveries, the Business segment comprised 106,977 electricity deliveries and Extended Alliance comprised 56,010 deliveries. Switch Nordic Green comprised 164,293 deliveries at quarter-end. In total, the Group had 1,082,584 electricity deliveries at the end of the fourth quarter 2020. This is an increase of 428,396 electricity deliveries compared to the end of the fourth quarter 2019. The number of mobile subscriptions in the Fjordkraft brand grew by 2,780 in the fourth quarter of 2020, reaching a total of 125,194 subscriptions at the end of the period. Including the 7,201 mobile subscriptions in Gudbrandsdal Energi, this gives a total number of mobile subscribers of 132,395 for the Group. "The development in the Business segment is strong, while we see a negative impact from Covid-19 in the Consumer segment, due to close down and significantly lower activity from some of our most important distribution channels. The growth within Alliance continues, and we are also satisfied with reaching the targeted 125 thousand mobile subscribers in the Fjordkraft brand," says Rolf Barmen, CEO of Fjordkraft. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Financial calendar for Fjordkraft Holding ASA FINANCIAL YEAR 2020 26.03.2021 - Annual Report 19.02.2021 - Quarterly Report - Q4 FINANCIAL YEAR 2021 26.08.2021 - Half-yearly Report 21.04.2021 - Annual General Meeting 12.05.2021 - Quarterly Report - Q1 11.11.2021 - Quarterly Report - Q3 19.02.2021 - Capital Markets Day This information is published pursuant to the requirements set out in the Continuing obligations.

Reference is made to the stock exchange announcement made by Fjordkraft Holding ASA on 27 October 2020, regarding the Norwegian Consumer Council's allegations about purchase price contracts. Fjordkraft was one of 29 electricity retailers included in the Consumer Council's letter of complaint to the Consumer Authority, proposing that purchase price contracts are illegal. In their response to Fjordkraft, the Consumer Authority clarify how the regulations on disclosure of certain price elements included in the purchase price contracts should be interpreted. For Fjordkraft, making the necessary adjustments in order to comply with the Consumer Authority's response is a simple task. This will be done within 6 January 2021, which is the deadline set by the Consumer Authority. -We are happy about the Consumer Authority's clarification. With slight adjustments we may continue to offer our customers this popular kind of contract, which is great news for our customers, says CEO Rolf Barmen. The Consumer Authority's decision has no impact on the Group's profitability and further growth. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Rolf Barmen, CEO, +47 900 80 950

On 13 November, Roger Finnanger (EVP Head of Business) has purchased 401 shares in Fjordkraft Holding ASA at an average price of NOK 85.00. After this transaction, Roger Finnanger holds a total of 884 shares in Fjordkraft. The shares were purchased in connection with Fjordkraft's bonus programme. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On 12 November, the following primary insiders purchased shares in Fjordkraft Holding ASA: Arnstein Flaskerud (EVP Head of Strategy and M&A) has purchased 3000 shares in Fjordkraft Holding ASA at an average price of NOK 77.60. After this transaction, Arnstein Flaskerud holds a total of 25,260 shares in Fjordkraft. Christian Kalvenes (EVP Head of Consumer) has purchased 448 shares in Fjordkraft Holding ASA at an average price of NOK 77.80. After this transaction, Christian Kalvenes holds a total of 931 shares in Fjordkraft. Therese Sandnes (Acting Chief Accountant Officer) has purchased 379 shares in Fjordkraft Holding ASA at an average price of NOK 78.50. After this transaction, Therese Sandnes holds a total of 733 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Q3 Highlights: -Strong financial performance with a 10% YoY increase in net revenue and 25% YoY growth in EBIT adj. -Solid growth, both organically and from M&A, as the deliveries from the Innlandskraft acquisition are included as of 30 September -Kantar's Q3 survey shows that Norwegian consumers are satisfied with their electricity retailer. Fjordkraft is no.1 in Top of Mind and Brand Awareness -Fjordkraft is in line with the industry average on customer satisfaction, well above peers like Fortum, NorgesEnergi and Hafslund -Fjordkraft acquired SNG, a Nordic retailer, in October. The transaction was completed 10 November 2020 Strong growth - both financially and in number of customers Growth in number of customers has been a key pillar in Fjordkraft's strategy. In a fragmented industry with a high level of competition, the organic growth is a good metric for the retailer's attractivity in the market. It is therefore pleasing to announce that Fjordkraft had an organic growth in Q3 of almost six thousand electricity deliveries in the Consumer and Business segments combined, and through the inclusion of the deliveries from the Innlandskraft acquisition, the total growth in the quarter was more than 240 thousand deliveries. In addition to this, Fjordkraft acquired Switch Nordic Green, a Nordic retailer with operations in both Sweden and Finland, in October. This positions Fjordkraft for further growth in the Nordics, as the markets become more and more similar, and competition becomes increasingly pan-Nordic. The third quarter has also been a strong one financially. Net revenue increased 10% YoY and EBIT adjusted increased 25% YoY. Volume sold increased 4% YoY and was driven by growth in number of deliveries as well as increased average consumption per delivery in the Consumer segment. Elspot prices have been volatile in the quarter. In July, prices continued at a historically low level, but then increased through August and reached a spike in early September, before they fell again. The temperature was colder than last year in two out of three months in the quarter. Please find attached the quarterly report and quarterly presentation. The results will be audiocasted on 12 Nov 2020 at 08:00 on the following link: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20201112_10 For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Reference is made to the announcement made by Fjordkraft Holding ASA on 29 October 2020, regarding the acquisition of 100% of the shares in Switch Nordic Green AB. Fjordkraft has completed the acquisition today. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Advokatfirmaet Schjødt AS has acted as Fjordkraft's legal advisor in Norway and Sweden and PwC has acted as financial advisor in Norway and Sweden in the transaction. This information is subject of the disclosure requirements pursuant to sections 5-12 and 4-3 of the Norwegian Securities Trading Act.

We hereby invite you to participate at the webcast presentation of Fjordkraft Holding ASA's Q3 2020 results on Thursday 12 November 2020. Release: Time: Thursday 12 November 2020 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Thursday 12 November 2020 at 08.00 CEST Due to the current corona situation, the presentation will be webcasted only. The presentation will be webcasted live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20201112_10 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and Acting CFO Ole Johan Langenes. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Fjordkraft acquires Switch Nordic Green and becomes a Nordic electricity retailer 29 October 2020 Fjordkraft Holding ASA (the "Company" "Fjordkraft")) has entered into an agreement for the acquisition of 100% of the shares in Troms Kraft Strøm AS ("Target") and its subsidiary Switch Nordic Green AB ("SNG") (the "Transaction"), from the current owner Troms Kraft AS. Key information about SNG: oSNG is a Nordic electricity retailer with operations in both Sweden and Finland, around 60 employees and their headquarter is located in Stockholm, Sweden. oSNG had a total number of electricity deliveries of 167 thousand as per 31 August 2020, of which 100 thousand in Finland and 67 thousand in Sweden. 27 thousand of the consumer deliveries in Sweden are through a 3rd party agent. oThe deliveries are split 78/22 between the Consumer and Business segment. oSNG has an estimated market share of 2.8% in Finland and 1.2% in Sweden. o2019 EBIT for SNG was SEK 52m, and underlying EBIT (ex. Covid-19 effects) is estimated to SEK ~50m. Strategic rationale oThe acquisition positions Fjordkraft for further growth in the Nordics, as the markets become more similar and competition becomes increasingly pan-Nordic. The presence of our tech spin off Metzum AS, through its subsidiary Metzum AB, also supports further Nordic expansion. oIncreased attractivity in the pan-Nordic business segment and potential for increased sale of value added services. oSwitch Nordic Green, with its brand Nordic Green Energy, is perceived as a green and renewable focused supplier - a good basis for further growth and a strong match with Fjordkraft's brand position. oProfessional and experienced management with detailed knowledge of the Swedish and Finnish market. The key terms of the Transaction are as follows: oThe Transaction will be structured as an acquisition of all shares in the Target by the Company, from Troms Kraft AS (the "Seller"). Other non-SNG related assets will be taken over by Seller in advance of closing, so that Target's only material asset at the time of closing is the shares in SNG. oThe purchase price is based on an enterprise value of the Target of NOK 375 million on a cash and debt free basis and assuming an agreed normalised level of working capital. In addition to the enterprise value of NOK 375 million, there are tax losses carried forward in the Target and its subsidiary. The value of the tax losses carried forward and the final purchase price will be decided through SNG's tax assessment for 2020. The purchase price payable for the shares will follow a typical ´locked box´ mechanism, and will be finally calculated based on a set of audited accounts for the Target to be established as per 31 August 2020. An interest will accrue on the purchase price payable in cash from 31 August 2020 until closing of the Transaction. oThe purchase price shall be paid in cash by the Company to Troms Kraft AS. The acquisition is expected to be financed by long-term debt through Fjordkraft's existing available facilities and available cash. The completion of the Transaction is not subject to financing. oThe Seller bear all risk and cost associated with any ongoing conflict or dispute. oCompletion is subject to certain customary closing conditions for transactions of this type, including completion of the pre-closing reorganisation of Target by transfer of assets. oClosing of the Transaction is expected to take place in November 2020, subject to satisfaction of the closing conditions. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Important information This stock exchange release contains certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty, as they reflect current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of factors could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. This stock exchange release is not for distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. This stock exchange release does not constitute an offer for sale of securities in any jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "U.S. Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act. There will be no public offer of securities in the United States. This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.

In light of the last days' media coverage and speculations regarding the Norwegian Consumer Council's (Forbrukerrådet) criticism towards the electricity retail industry, and as the facts of the matter have become clearer, Fjordkraft has decided to release the following statement to clarify the matter to shareholders, the financial markets and to the media. Firstly, Fjordkraft disagrees with the statements from the Norwegian Consumer Council in this matter. The Norwegian Consumer Council's criticism can be split into two key issues: i) That short-term special offers where the duration of the special price is not explicitly stated are noncompliant with marketing law or the standard contract for delivery of electricity established by Energy Norway (Energi Norge) ii) That price plans based on the NordPool spot price with an unspecified addition of purchasing costs are noncompliant with the standard contract for delivery of electricity established by Energy Norway Fjordkraft is mentioned by the Norwegian Consumer Council as one of the retailers where, according to their view on the matter, issue ii) is relevant. Fjordkraft offers this kind of contract to its customers (the majority of Fjordkraft's spot products include purchasing costs, covering balancing costs, trading fees and credit cost). The customer is informed about this through the terms and conditions in accordance with Fjordkraft's interpretation of the current rules and regulation. The financial effect of the addition of this purchasing costs is minimal. Fjordkraft's total revenue from the addition of purchasing costs to certain contracts amounts to less than 2% of total revenue in the Consumer segment and about 3% of net revenue in the Consumer segment. Fjordkraft takes the allegations from the Norwegian Consumer Council very seriously and strive to comply with the current rules and regulations in the market. To Fjordkraft's best knowledge, Fjordkraft's terms and conditions are in line with rules and regulations as well as established market practice. Because Fjordkraft takes these allegations very seriously, Fjordkraft has initiated a legal review and evaluation of their terms and conditions from the law firm Schjødt. Fjordkraft has also been working with Energy Norway to establish industry standards for sale and marketing of electricity for a long period of time and welcomes increased transparency and uniformity in the market. -To our best knowledge, we operate well within the current rules and regulations in the market. However, increased transparency and a level playing field is something we applaud and have been working on for a long time, says CEO Rolf Barmen. -We maintain our financial outlook. The allegations from the Norwegian Consumer Council and possible actions from the Consumer Authority (Forbrukertilsynet) will have a minimal impact on the Group's profitability and further growth, says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Rolf Barmen, CEO, +47 900 80 950

Strong growth both organically and through M&A The number of electricity deliveries increased by 240,635 in the Consumer segment and Business segment combined. The growth is split between an organic growth of 5,225 electricity deliveries in the Consumer segment, 634 electricity deliveries in the Business segment, and the inclusion of Innlandskraft's deliveries as of quarter-end. The Consumer segment comprised 761,286 electricity deliveries at quarter-end and the Business segment comprised 104,259 electricity deliveries at quarter-end, a total of 865,545 deliveries. At the end of the third quarter 2020, Extended Alliance comprised 46,118 electricity deliveries, which is at the same level as in Q2. In total, the Group had 911,663 electricity deliveries at the end of the third quarter 2020. This is an increase of 260,175 electricity deliveries compared to the end of the third quarter 2019. The number of mobile subscriptions grew by 4,691 in the third quarter of 2020, reaching a total of 122,414 subscriptions at the end of the period. "It has been another good quarter, with strong growth both organically and through the recent acquisition, and we are very pleased with the development," says Rolf Barmen, CEO of Fjordkraft. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Oslo, 24 September 2020. Reference is made to the stock exchange notice dated 23 September 2020 where Gudbrandsdal Energi Holding AS ("GEH") announced its contemplated sale of existing shares in Fjordkraft Holding ASA ("Fjordkraft"). GEH has today sold 2,013,423 shares in Fjordkraft at a price of NOK 89 per share. The shares were sold through an accelerated bookbuilding process managed by DNB Markets, a part of DNB Bank ASA. Following this transaction, GEH owns 7,682,161 shares in Fjordkraft, representing 6.7% of the issued share capital in Fjordkraft. GEH has entered into a customary 180 days lock-up for its remaining shares in Fjordkraft. Important Notice The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Manager nor any of its affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

Oslo, 23 September 2020. DNB Markets, a part of DNB Bank ASA ("DNB Markets" or the "Manager") have been engaged by Gudbrandsdal Energi Holding AS ("GEH" or the "Seller") for a contemplated sale of up to 2,013,423 existing shares in Fjordkraft Holding ASA ("Fjordkraft" or the "Company"), representing around 1.8 percent of the issued share capital and voting rights in Fjordkraft (the "Transaction"). The Transaction will be structured as an accelerated book-building process. The book-building process will commence following the publication of this announcement and may be closed at short notice at the sole discretion of the Manager. Further announcements will be made following completion of the book-building. The minimum order and allocation have been set to a NOK equivalent of EUR 100,000. The Seller may, however, allocate amounts below EUR 100,000 to the extent exemptions from the prospectus requirement in accordance with applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available. The Seller reserves the right, at its sole discretion, to increase or reduce the number of offer shares or to sell no shares at all, depending on the price and the demand for shares. GEH currently holds 9,695,584 shares in the Company, representing 8.48% of the share capital in the Company. GEH will enter into a customary 180 days lock-up for its remaining shares in the Company not sold in the Transaction. Important Notice The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Manager nor any of its affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

FJORDKRAFT HOLDING ASA - NEW SHARE CAPITAL REGISTERED Reference is made to the announcement made by Fjordkraft Holding ASA (the "Company" or "Fjordkraft") on 22 September 2020, regarding the Company`s completion of the acquisition of 100% of the shares in Innlandskraft AS, and the issuance of 9,695,584 new shares in the Company as consideration to Gudbrandsdal Energi Holding AS ("GEH") for 50% of the purchase price for Innlandskraft. The share capital increase related to the issuance of shares to GEH has today been registered with the Norwegian Register of Business Enterprises. The Company`s new share capital is NOK 34,284,540 divided into 114,281,800 shares, each with a nominal value of NOK 0.30. This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Reference is made to the stock exchange notice from Fjordkraft Holding ASA ("Fjordkraft") on 22 September 2020 regarding the acquisition of 100% of the shares in Innlandskraft AS ("Innlandskraft") from Gudbrandsdal Energi Holding AS ("GEH") and Eidsiva Energi AS. In connection with the settlement of 50% of the purchase price of Innlandskraft, Fjordkraft will issue 9,695,584 shares in Fjordkraft to GEH. Following receipt of the new shares, GEH will own a total of 9,695,584 shares in the Company, equal to 8.48 % of the outstanding shares and voting rights in Fjordkraft. This information is subject to the disclosure requirements pursuant to Section 4-3 the Norwegian Securities Trading Act

FJORDKRAFT HOLDING ASA HAS COMPLETED THE ACQUISITION OF INNLANDSKRAFT AS Reference is made to the announcement made by Fjordkraft Holding ASA (the "Company" or "Fjordkraft") on 17 July 2020, regarding the Company's entry into an agreement for the acquisition of 100% of the shares in Innlandskraft AS ("Innlandskraft"), with Gudbrandsdal Energi Holding AS ("GEH") and Eidsiva Energi AS ("EE") as the sellers. Fjordkraft has completed the acquisition of Innlandskraft today. The Company`s board of directors has resolved to issue 9,695,584 new shares in the Company at a price of NOK 74.50 per share, pursuant to an authorization granted by the extraordinary general meeting of the Company held on 22 April 2020. The shares are issued to GEH as consideration for 50% of the purchase price of Innlandskraft. The remaining 50% of the purchase for Innlandskraft has been settled to EE by way of cash settlement. Fjordkraft's new share capital, following registration of the share capital increase with the Norwegian Register of Business Enterprises, will be NOK 34,284,540 divided into 114,281,800 shares, each with a nominal value of NOK 0.30. Following receipt of the new shares, GEH will own a total of 9,695,584 shares in the Company, equal to 8.48 % of the shares in the Company. This information is subject of the disclosure requirements pursuant to sections 5-12 and 4-3 of the Norwegian Securities Trading Act. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Q2 Highlights: o Strong financial performance with a 15% YoY increase in net revenue and 26% YoY growth in EBIT adj. o Tailwind from favourable price development throughout Q1 and historically low prices in Q2 o Solid organic growth across all segments o Successful acquisition of Innlandskraft, Norway's 3rd largest retailer, in July - closing expected in September Another strong quarter One thing is certain - the electricity market is never boring. After a first quarter where elspot prices fell to a historically low level, the second quarter has been just as eventful. With continued all time low elspot prices throughout the quarter, and even negative prices at certain hours, it has truly been an unusual quarter. For Fjordkraft, this has been another strong quarter with a 15% YoY increase in adjusted net revenue and a 26% YoY growth in adjusted EBIT. The organic growth has been solid, and all business areas show a positive development. Volume sold is increasing 4% YoY due to organic growth and because two out of three months in the quarter were colder than last year. M&A has been a key element in Fjordkraft's strategy. It was therefore very pleasing to announce the acquisition of Innlandskraft in July 2020. Innlandskraft is Norway's 3rd largest retailer and the acquisition will strengthen Fjordkraft's position as the leading electricity supplier in Norway. Closing of the transaction is expected to take place in September 2020. Please find attached the quarterly report and quarterly presentation. The results will be audiocasted on 20 Aug 2020 at 08:00 on the following link: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200820_2 For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q2 2020 results on Thursday 20 August 2020. Release: Time: Thursday 20 August 2020 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Thursday 20 August 2020 at 08.00 CEST Due to the current corona situation, the presentation will be an audiocast only. The presentation will be audiocasted live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200820_2 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and Acting CFO Ole Johan Langenes. A recording of the presentation will be available on our web site shortly after the live audiocast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Reference is made to the announcement on 17 July. The Transaction has today been approved by the Norwegian Competition Authority, and subject to the fulfilment of certain other closing conditions, the Transaction is expected to close during September. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Fjordkraft acquires Innlandskraft and strengthens its position as the leading electricity supplier in Norway 17 July 2020 Fjordkraft Holding ASA (the "Company" "Fjordkraft") has entered into an agreement for the acquisition of 100% of the shares in Innlandskraft AS (the "Transaction"). The key terms of the Transaction are as follows: o The Transaction will be structured as an acquisition of all shares in the Target by the Company, from Gudbrandsdal Energi Holding AS and Eidsiva Energi AS (the "Sellers"). o The purchase price is based on an enterprise value of the Target of NOK 1,410 million on a cash and debt free basis and assuming an agreed normalised level of working capital. The purchase price payable for the shares will follow a typical ´locked box´ mechanism, and will be finally calculated based on a set of audited accounts for the Target to be established as per 30 June 2020. An interest will accrue on the purchase price payable in cash from 30 June 2020 until closing of the Transaction. o 50% of the purchase price shall be paid in cash by the Company to Eidsiva Energi AS while the remaining 50% of the purchase price shall be paid in the form of consideration shares in Fjordkraft to Gudbrandsdal Energi Holding AS at an agreed price per consideration share of NOK 74.50. The share price represents the volume-weighted average price of the Company's share on Oslo Børs the last fifteen trading days prior to signing. The cash portion of the purchase price is expected to be financed by long-term debt and available cash. The completion of the Transaction is not subject to financing. o Completion of the Transaction is conditional upon approval by the Norwegian Competition Authority (Konkurransetilsynet), as well as certain other customary closing conditions. o Closing of the Transaction is expected to take place during September 2020, subject to satisfaction of the closing conditions. Strategic rationale o Further strengthening Fjordkraft's position as the leading electricity retailer in Norway, with an estimated market share of 27% after the Transaction. o Increases Fjordkraft's presence in the Eastern part of Norway, with offices in Hamar, Vinstra and Kongsvinger o Innlandskraft has a customer base with strong loyalty and customer satisfaction as well as highly skilled employees, making the acquisition a good strategic fit for Fjordkraft. o The acquisition of Gudbrandsdal Energi, with its high customer satisfaction and organic growth potential, will play an important role in Fjordkraft's brand architecture going forward. o Significant potential for both cost synergies and increased sale of value-added services and cross sales, as well as financial synergies related to net working capital and purchase of electricity. Key financial figures o Innlandskraft comprises two brands, Gudbrandsdal Energi and Eidsiva Marked, with a total number of electricity deliveries of 239 thousand as per 30 June 2020, split ~92/8 between Consumer and Business deliveries. Innlandskraft is the third largest electricity retailer in Norway. o The underlying EBIT estimate for 2020 (ex. COVID-19 effects) for Innlandskraft is NOK 105m. Estimated net revenue for 2020 is NOK 290m. o Expected synergies: o Net working capital is estimated to be reduced by NOK ~100m from the agreed normalised level o Cost synergies are estimated to a minimum of NOK 30m with full effect from Q3 2021 o In addition, Fjordkraft expects a positive effect on the Group's total cost of goods sold of minimum NOK 10m Advisers Pareto Securities acts as financial advisor, Advokatfirmaet Schjødt AS acts as exclusive legal adviser and PwC acts as audit and financial DD adviser to the Company in connection with the Transaction. DnB Markets acts as financial adviser to the Sellers in connection with the Transaction, and Advokafirmaet Thommessen and Advokatfirmaet BAHR acts as legal advisors to Eidsiva Energi AS and Gudbrandsdal Energi Holding AS respectively. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Important information This stock exchange release contains certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty, as they reflect current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of factors could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. This stock exchange release is not for distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. This stock exchange release does not constitute an offer for sale of securities in any jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "U.S. Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act. There will be no public offer of securities in the United States. This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.

Solid growth across all segments The number of electricity deliveries increased by 3,562 in the Consumer segment and Business segment combined, whereof 2,060 electricity deliveries in the Consumer segment and 1,502 electricity deliveries in the Business segment. The number of electricity deliveries in the Consumer and Business segments at the end of Q2 2020 was 624,910. At the end of the second quarter 2020, Extended Alliance comprised 46,115 electricity deliveries, an increase of 9,288 electricity deliveries from Q1 2020. In total, the Group had 671,025 electricity deliveries at the end of the second quarter 2020. This is an increase of 29,071 electricity deliveries compared to the end of the second quarter 2019. The number of mobile subscriptions grew by 7,671 in the second quarter of 2020, reaching a total of 117,723 subscriptions at the end of the period. "We have seen a solid growth across all segments in the second quarter, which we of course are very satisfied with," says Rolf Barmen, CEO of Fjordkraft. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On behalf of Mondrian Investment Partners Limited ("Mondrian"), Mondrian hereby notifies you that on behalf of its discretionary investment clients, it has a notifiable interest in Fjordkraft Holding ASA ("the company"). The total number of voting shares held by Mondrian on behalf of its discretionary investment clients on 01 July 2020 was 6,020,588 which represents 5.76% of the issued share capital and voting rights of the company. Mondrian crossed the notification threshold of 5% following trades executed via an accelerated book build on 01 July 2020. Any interest held by Mondrian in Fjordkraft Holding ASA shares is derived solely through its role as a non-custodial discretionary investment manager.

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

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL ABG Sundal Collier ASA (the "Manager") has been retained by BKK AS ("BKK") to explore the sale of approximately 8 million existing shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 7.6% of the share capital in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process. The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Manager. A further announcement will be made following pricing of the shares in the Placing. BKK reserves the right, at its own discretion, to sell fewer shares or no shares at all. BKK currently holds 15,933,066 shares in the Company, representing 15.2% of the share capital in the Company. BKK is represented on the Board of Directors in Fjordkraft. BKK will enter into a customary lock-up agreement valid for 60 days for its remaining shares in the Company not sold in the Placing. For further information, please contact: ABG Sundal Collier: +47 22 01 60 13

Reference is made to the stock exchange announcement by Fjordkraft Holding ASA published 20 May 2020 regarding a share capital increase following the exercise of employee share options. The issuance of 14,000 new shares has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of Fjordkraft Holding ASA is NOK 31,375,864.80 divided on 104,586,216 shares, each with a par value of NOK 0.30. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

JPMorgan Asset Management Holdings Inc. ("JPMAMHI") no longer has a notifiable interest in the share capital of Fjordkraft Holding ASA as a result of trades by its subsidiaries. The total number of shares held by JPMAMHI on 19 May 2020 was 5,061,142 being 4.840% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed the notification threshold of 5% on 19 May 2020. Breakdown by number of shares held: JPMorgan Asset Management (UK) Limited 4,759,139 (4.551%) J.P. Morgan Investment Management Inc. 149,210 (0.143%) JPMorgan Chase Bank, National Association 152,793 (0.146%) Sold shares: JPMorgan Asset Management (UK) Limited 283,057 J.P. Morgan Investment Management Inc. 48,728 JPMorgan Chase Bank, National Association 73,347 CHAIN OF CONTROLLED UNDERTAKINGS Relationship of JPMorgan Asset Management Holdings Inc. to subsidiaries involved in the disclosure 1. The following hierarchy shows the relationship between JPMorgan Asset Management Holdings Inc. and its subsidiary JPMorgan Asset Management (UK) Limited JPMorgan Asset Management Holdings Inc. JPMorgan Asset Management International Limited (100%) JPMorgan Asset Management Holdings (UK) Limited (100%) JPMorgan Asset Management (UK) Limited (100%) 2. The following hierarchy shows the relationship between JPMorgan Asset Management Holdings Inc. and its subsidiary J.P. Morgan Investment Management Inc. JPMorgan Asset Management Holdings Inc. J.P. Morgan Investment Management Inc. (100%) 3. The following hierarchy shows the place of JPMorgan Chase Bank, National Association within the JPMorgan group. JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%)

Exercise of employee share options in Fjordkraft ASA ("the Company"). Employees in the Company have on 19 May 2020 exercised 14 000 options. The options had an average strike price of NOK 27.80. Each share option corresponds to one share. Pursuant to authorization granted by the Company's Annual General Meeting the Company's share capital will be increased by NOK 4 200 by issuing 14 000 new shares, of par value NOK 0.30. Following the increase, the Company's share capital is NOK 31 375 864.80 divided into 104 586 216 shares. On 19 May 2020, the employees referred to above transferred the rights to receive shares resulting from the exercise of options to a third party The payment has been determined based on a selling price of NOK 77.5024 No options have been exercised by primary insiders. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

On behalf of JPMorgan Asset Management Holdings Inc. ("JPMAMHI") and its subsidiaries, JPMAMHI hereby notifies you that it has a notifiable interest in Fjordkraft Holding ASA ("the Company"), as detailed in the attached Schedule. JPMorgan Asset Management Holdings Inc. ("JPMAMHI") has a notifiable interest in the share capital of Fjordkraft Holding ASA as a result of trades by its subsidiaries. The total number of shares held by JPMAMHI on 18 May 2020 was 5,475,963 being 5.237% of the issued share capital and voting rights of the company. The equity holding in JPMorgan Asset Management (UK) Limited crossed the notification threshold of 5% on 18 May 2020. Breakdown by number of shares held: JPMorgan Asset Management (UK) Limited 5,051,885 (4.831%) J.P. Morgan Investment Management Inc. 197,938 (0.189%) JPMorgan Chase Bank, National Association 226,140 (0.216%) Sold shares: JPMorgan Asset Management (UK) Limited 205,041 J.P. Morgan Investment Management Inc. 29,752 JPMorgan Chase Bank, National Association 44,783

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FKRAFT - Disclosure of shareholding Skagerak Energi AS ("Skagerak Energi") has today sold 15,528,228 shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 14.85 per cent of the share capital in the Company, at a price of NOK 77.00 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA and SpareBank 1 Markets AS as joint bookrunners. After settlement of the transaction, Skagerak Energi does not own any shares in the Company. Contact: Skagerak Energi AS Øystein Disch Olsrød, CFO +47 91 60 22 26 Oystein.Olsrod@skagerakenergi.no

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL FKRAFT - Contemplated secondary placing Skagerak Energi AS ("Skagerak Energi") has retained ABG Sundal Collier ASA and Sparebank 1 Markets AS (the "Joint Bookrunners") as joint bookrunners to explore the sale of up to 15,528,228 existing shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing approximately 14.85% of the share capital and voting rights in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process. The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Joint Bookrunners. A further announcement will be made following pricing of the shares in the Placing. Skagerak Energi reserves the right, at its own discretion, to sell fewer shares or no shares at all. Assuming all the shares available in the Placing are sold, Skagerak Energi will not hold any shares in Fjordkraft. For further information, please contact the Joint Bookrunners: ABG Sundal Collier: +47 22 01 60 13 Sparebank 1 Markets: +47 24 14 74 70 IMPORTANT NOTICE THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES OR INVESTMENTS FOR SALE OR A SOLICITATION OF AN OFFER TO BUY SECURITIES OR INVESTMENTS IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. NO ACTION HAS BEEN TAKEN THAT WOULD PERMIT AN OFFERING OF THE SECURITIES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION. IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ("EEA") (EACH, A "RELEVANT MEMBER STATE"), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED EXCLUSIVELY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF THE PROSPECTUS REGULATION ("QUALIFIED INVESTORS"). FOR THESE PURPOSES, THE EXPRESSION "PROSPECTUS REGULATION" MEANS REGULATION (EU) 2017/1129. IN THE UNITED KINGDOM THIS ANNOUNCEMENT IS DIRECTED EXCLUSIVELY AT QUALIFIED INVESTORS (I) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER") OR (II) WHO FALL WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER, AND (III) TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED. IN CONNECTION WITH THE PLACING, THE JOINT BOOKRUNNERS AND ANY OF THEIR AFFILIATES ACTING AS AN INVESTOR FOR THEIR OWN ACCOUNT MAY TAKE UP AS A PRINCIPAL POSITION ANY SHARES AND IN THAT CAPACITY MAY RETAIN, PURCHASE OR SELL FOR THEIR OWN ACCOUNT SUCH SHARES. IN ADDITION, THE JOINT BOOKRUNNERS OR THEIR AFFILIATES MAY ENTER INTO FINANCING ARRANGEMENTS AND SWAPS WITH INVESTORS IN CONNECTION WITH WHICH THE JOINT BOOKRUNNERS (OR THEIR AFFILIATES) MAY FROM TIME TO TIME ACQUIRE, HOLD OR DISPOSE OF SHARES. THE JOINT BOOKRUNNERS DO NOT INTEND TO DISCLOSE THE EXTENT OF ANY SUCH INVESTMENT OR TRANSACTIONS OTHERWISE THAN IN ACCORDANCE WITH ANY LEGAL OR REGULATORY OBLIGATION TO DO SO. NO GUARANTEE CAN BE MADE THAT ANY SECURITIES WILL BE SOLD PURSUANT TO THE PLACING. THE JOINT BOOKRUNNERS ARE ACTING ON BEHALF OF THE SELLER AND NO ONE ELSE IN CONNECTION WITH THE PLACING AND WILL NOT BE RESPONSIBLE TO ANY OTHER PERSON FOR PROVIDING THE PROTECTIONS AFFORDED TO CLIENTS OF THE JOINT BOOKRUNNERS OR FOR PROVIDING ADVICE IN RELATION TO THE PLACING.

Q1 Highlights: -Strong financial performance with a 27% YoY increase in net revenue and 31% YoY growth in EBIT adj. -Favourable market dynamics with historically low elspot prices and positive effects on COGS are driving the improvement -The solid growth in the Mobile segment continues, with more than 10k net adds in the quarter -Outlook slightly revised based on first quarter results Strong profitability growth in an extraordinary situation The first quarter of 2020 has been another quarter with strong financial results. Adjusted net revenue increase 27% YoY and adjusted EBIT increase 31% YoY. The price development in the quarter has been favourable, with elspot prices reaching a historically low level at the end of the quarter. There are also positive effects on COGS YoY, further driving the profitability growth. The solid growth within the Mobile segment continues, and with more than 10 thousand net adds in the quarter, the segment is well on the way towards the targeted 125 thousand subscribers at the end of 2020. Volume in the Consumer and Business segment is decreasing 6% YoY driven by mild weather, fewer tender customers and Covid-19 restrictions. All of the months in the quarter were warmer than both normal and last year, and especially so in January. The segments' outlook is revised slightly based on first quarter results, however Group outlook remains unchanged. Please find attached the quarterly report and quarterly presentation. The results will be audiocasted on 14 May 2020 at 08:00 on the following link: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200514_7 For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q1 2020 results on Thursday 14 May 2020. Release: Time: Thursday 14 May 2020 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Thursday 14 May 2020 at 08.00 CEST Due to the current corona situation, the presentation will be an audiocast only. The presentation will be audiocasted live at: https://channel.royalcast.com/webcast/hegnarmedia/20200514_7/ The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and Acting CFO Ole Johan Langenes. A recording of the presentation will be available on our web site shortly after the live audiocast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

On behalf of JPMorgan Asset Management Holdings Inc. ("JPMAMHI") and its subsidiaries, JPMAMHI hereby notifies you that it has a notifiable interest in Fjordkraft Holding ASA ("the Company"), as detailed in the attached Schedule.

The shares in Fjordkraft Holding ASA will be traded ex dividend NOK 3.0 as from today, 23 April 2020. The pay-out date will be on or about 4 May 2020. This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The Annual General Meeting of Fjordkraft Holding ASA was held at 08.30 CEST today, Wednesday 22 April 2020. Please see attached a copy of the Minutes from the Annual General Meeting. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject of the disclosure requirements according to §5-12 vphl (Norwegian Securities Trading Act).

Fjordkraft increased the total number of electricity deliveries and mobile subscriptions by more than 14,000 in the first quarter. The number of electricity deliveries decreased by 744 in the Consumer segment and Business segment combined, whereof -1,717 electricity deliveries in the Consumer segment and +973 electricity deliveries in the Business segment. The number of electricity deliveries in the Consumer and Business segments at the end of Q1 2020 was 621,348. At the end of the first quarter 2020, Extended Alliance comprised 36,827 electricity deliveries, an increase of 4,731 electricity deliveries from Q4 2019 with the implementation of one new partner. In the first quarter 2020, Fjordkraft also handled its first broadband customers on behalf of Alliance Partners. In total, the Group had 658,175 electricity deliveries at the end of the first quarter 2020. This is an increase of 17,701 electricity deliveries compared to the end of the first quarter 2019. The number of mobile subscriptions grew by 10,025 in the first quarter of 2020, reaching a total of 110,052 subscriptions at the end of the period. "The first quarter of 2020 has been a highly competitive one, and we are satisfied by the fact that we are able to grow in almost all parts of our business. We are especially pleased with the strong growth in mobile subscriptions, proving our attractiveness within the mobile services" says Rolf Barmen, CEO of Fjordkraft. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Notice is hereby served that the annual general meeting of Fjordkraft Holding ASA (the "Company") will be held on Wednesday 22 April 2020 at 08:30 hours in Auditoriet in the Company's offices in Folke Bernadottes Vei 38, 5147 Fyllingsdalen, Bergen. Please find the notice attached. All relevant documents are available on investor.fjordkraft.no In light of the Norwegian authorities' measures to stop the spreading of Covid-19, Fjordkraft Holding ASA seeks to limit physical participation at the Annual General Meeting. Shareholders are therefore strongly requested to vote in advance or to appoint the Chairman of the board as proxy with or without voting instructions. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

JPMorgan Asset Management Holdings Inc. ("JPMAMHI") has a notifiable interest in the share capital of Fjordkraft Holding ASA as a result of trades by its subsidiary JPMorgan Asset Management (UK) Limited. The total number of shares held by JPMAMHI on 24 March 2020 was 5,591,830 being 5.347% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed notification threshold of 5% on 24 March 2020. Breakdown by number of shares held: JPMorgan Asset Management (UK) Limited 5,103,524 (4.880%) J.P. Morgan Investment Management Inc. 226,905 (0.217%) JPMorgan Chase Bank, National Association 261,401 (0.250%) Trades by JPMorgan Asset Management (UK) Limited Bought shares: 496,009

Please find attached the Annual Report for 2019. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

JPMorgan Asset Management Holdings Inc. hereby notifies you that it has not crossed a notifiable interest in Fjordkraft Holding ASA as previously stated on 16 March 2020. Total number of shares held remain below the 5% threshold at this time.

On behalf of JPMorgan Asset Management Holdings Inc. ("JPMAMHI") and its subsidiaries, JPMAMHI hereby notifies you that it has a notifiable interest in Fjordkraft Holding ASA ("the Company"), as detailed in the attached Schedule. JPMorgan Asset Management Holdings Inc. ("JPMAMHI") has a notifiable interest in the share capital of Fjordkraft Holding ASA as a result of trades by its subsidiary JPMorgan Asset Management (UK) Limited. The total number of shares held by JPMAMHI on 16 March 2020 was 5,235,693 being 5.007% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed notification threshold of 5% on 16 March 2020. Breakdown by number of shares held: JPMorgan Asset Management (UK) Limited 4,842,279 (4.631%) J.P. Morgan Investment Management Inc. 212,019 (0.203%) JPMorgan Chase Bank, National Association 181,395 (0.173%) Trades by JPMorgan Asset Management (UK) Limited Bought shares: 18,607 CHAIN OF CONTROLLED UNDERTAKINGS Relationship of JPMorgan Asset Management Holdings Inc. to subsidiaries involved in the disclosure 1. The following hierarchy shows the relationship between JPMorgan Asset Management Holdings Inc. and its subsidiary JPMorgan Asset Management (UK) Limited JPMorgan Asset Management Holdings Inc. JPMorgan Asset Management International Limited (100%) JPMorgan Asset Management Holdings (UK) Limited (100%) JPMorgan Asset Management (UK) Limited (100%) 2. The following hierarchy shows the relationship between JPMorgan Asset Management Holdings Inc. and its subsidiary J.P. Morgan Investment Management Inc. JPMorgan Asset Management Holdings Inc. J.P. Morgan Investment Management Inc. (100%) 3. The following hierarchy shows the place of JPMorgan Chase Bank, National Association within the JPMorgan group. JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%)

In connection with Fjordkraft's performance-based bonus programme, the following primary insider has purchased shares: Birte Strander (CFO) has on 09.03.20 purchased 750 shares in Fjordkraft Holding ASA at an average price of NOK 69.00. After this transaction, Birte Strander holds a total of 28,516 shares in Fjordkraft and her husband André Jensvoll holds 847 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Dividend amount: 3.0 per share Declared currency: NOK Last day including right: 22.04.2020 Ex-date: 23.04.2020 Record date: 24.04.2020 Payment date: on or about 04.05.2020 Date of approval: 22.04.2020 For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 ot the Norwegian Securities Trading Act.

In connection with Fjordkraft's performance-based bonus programme, the following primary insider has purchased shares: Solfrid Aase (EVP Head of Alliance) has on 06.03.20 purchased 400 shares in Fjordkraft Holding ASA at an average price of NOK 73.46. After this transaction, Solfrid Aase holds a total of 7,856 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

In connection with Fjordkraft's performance-based bonus programme, the following primary insider has purchased shares: Jeanne Tjomsland (EVP Head of Group Marketing, Communications & HR) has on 03.03.20 purchased 400 shares in Fjordkraft Holding ASA at an average price of NOK 74.90. After this transaction, Jeanne Tjomsland holds a total of 19,078 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

In connection with Fjordkraft's performance-based bonus programme, the following primary insiders have purchased shares: Arnstein Flaskerud (EVP Head of Strategy and M&A) has on 27.02.20 purchased 1,500 shares in Fjordkraft Holding ASA at an average price of NOK 69.80. After this transaction, Arnstein Flaskerud holds a total of 23,760 shares in Fjordkraft. Morten A. W. Opdal (Head of Controlling and Investor Relations) has on 27.02.20 purchased 400 shares in Fjordkraft Holding ASA at an average price of NOK 70.70. After this transaction, Morten A. W. Opdal holds a total of 3,481 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

In connection with Fjordkraft's performance-based bonus programme, the following primary insiders have purchased shares: Ole Johan Langenes (Acting CFO) has on 20.02.20 purchased 550 shares in Fjordkraft Holding ASA at an average price of NOK 76.20. After this transaction, Ole Johan Langenes holds a total of 7,000 shares in Fjordkraft. Therese Sandnes (Acting Chief Accountant) has on 20.02.20 purchased 394 shares in Fjordkraft Holding ASA at an average price of NOK 76.00. After this transaction, Therese Sandnes holds a total of 394 shares in Fjordkraft. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Exercise of employee share options in Fjordkraft ASA. Reference is made to the statement dated 18.02.2020. The payment has been determined based on a selling price of NOK 78.1284 per share. For further information, contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Exercise of employee share options in Fjordkraft ASA ("the Company"). 1. Employees in the Company have on 17 February 2020 exercised 76 000 options. The options had an average strike price of NOK 30.80. Each share option corresponds to one share. Pursuant to authorization granted by the Company's Annual General Meeting the Company's share capital will be increased by NOKt 22.8 by issuing 76 000 new shares, of par value NOK 0.30. Following the increase, the Company's share capital is NOKt 31 372 divided into 104 572 216 shares. 2. Options exercised by primary insiders 17 February 2020: Alf Kåre Hjartnes has exercised 10 000 options in the Company, corresponding to 10 000 shares at the strike price of NOK 30.80. 3. Transfer of rights On 17 February 2020, the primary insider mentioned above transferred the rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Børs when known. 4. New holding After exercising options, Alf Kåre Hjartnes holds 70 000 unexercised options in the Company, corresponding to 70 000 shares. 50 000 options have a strike price of NOK 30.80 and 20 000 options have a strike price of NOK 68.00 After completion of the abovementioned transactions, the primary insider holds 8,833 shares in the Company.

Reference is made to the long-term incentive program for key employees that was established by the Board of Directors on 10 December 2018 and confirmed by the General Assembly on 14 May 2019. On 12 February 2020, the Board of Directors approved the grant of 310,000 additional options to key employees for 2023. The program is subject to approval at the Annual General Meeting. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees. The following primary insiders have been granted options: Rolf Barmen: 40,000 options, now holding a total of 41,052 shares and 160,000 options Birte Strander: 20,000 options, now holding a total of 27,766 shares and 80,000 options Arnstein Flaskerud: 20,000 options, now holding a total of 22,260 shares and 80,000 options Jeanne Tjomsland: 20,000 options, now holding a total of 18,678 shares and 80,000 options Alf Kåre Hjartnes: 20,000 options, now holding a total of 8,833 shares and 80,000 options Roger Finnanger: 20,000 options, now holding a total of 483 shares and 80,000 options Solfrid Aase: 20,000 options, now holding a total of 7,456 shares and 80,000 options Christian Kalvenes: 20,000 options, now holding a total of 483 shares and 80,000 options Solfrid Fluge Andersen: 20,000 options, now holding a total of 80,000 options Ole Johan Langenes: 10,000 options, now holding a total of 6,450 shares and 40,000 options Morten Opdal: 10,000 options, now holding a total of 3,081 shares and 40,000 options The options have a strike price of NOK 68, which was the share price on the grant day. The options granted vest on 15 February 2023. The total number of options outstanding after the new program is 1,240,000. For queries, please contact: Per Axel Koch, Chairman, +47 481 20 000 Rolf Barmen, CEO, +47 900 80 950

February 13, 2020 - Live Haukvik, board member of Fjordkraft Holding ASA, purchased 5,000 shares in Fjordkraft at an average price of NOK 70.54 per share. Following the transaction, Haukvik holds a total of 5,000 shares in the company. The shares were acquired on the Oslo Stock Exchange.

Fjordkraft Holding ASA will host a Q4 2019 results presentation and capital markets day, starting 13 February 2019 08:00 CET at Felix Konferansesenter, Oslo. The presentation will be held in English and will be webcasted at https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200213_5 Please find the presentations attached. Q4 Highlights: o Net revenue growth across all segments. Margin improvement is the main driver for the increase o Particularly favourable market dynamics in both the elspot market and other commodity markets positively affecting COGS o EBIT adjusted increase 38% YoY. The Consumer segment is the main driver o Organic growth in all segments. Reaching the 100k mobile subscribers milestone, further strengthening the position as the largest mobile service provider apart from the network operators o Fjordkraft Mobile awarded best call centre in the Telecom industry and Fjordkraft on top across all industries in Norway's most prestigious call centre awards o Proposed dividend of NOK 3 per share For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at Fjordkraft Holding ASA's Capital Markets Day and Q4 2019 results presentation on Thursday 13 February 2020. The program starts at 08.00 CET and ends at 11.30. Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo Please register for the event by sending an e-mail to investor@fjordkraft.no Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Release time: Thursday 13 February 2020 at 07.00 CET The presentation will be webcasted live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200213_5 For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Financial calendar for Fjordkraft Holding ASA FINANCIAL YEAR 2019 24.03.2020 - Annual Report 13.02.2020 - Quarterly Report - Q4 FINANCIAL YEAR 2020 20.08.2020 - Half-yearly Report 22.04.2020 - Annual General Meeting 14.05.2020 - Quarterly Report - Q1 12.11.2020 - Quarterly Report - Q3 13.02.2020 - Capital Markets Day This information is published pursuant to the requirements set out in the Continuing obligations.

In the fourth quarter of 2019, the number of electricity deliveries increased by 2,637 in the Consumer segment and Business segment combined, all of which organically. The growth amounted to 2,169 electricity deliveries in the Consumer segment and 468 electricity deliveries in the Business segment. The number of electricity deliveries in the Consumer and Business segments at the end of Q4 2019 was 622,092. At the end of the fourth quarter 2019, Extended Alliance comprised 32,096 electricity deliveries, an increase of 63 electricity deliveries from Q3 2019. In total, the Group had 654,188 electricity deliveries at the end of the fourth quarter 2019. This is an increase of 15,751 electricity deliveries compared to the end of the fourth quarter 2018. "We are satisfied with the continued organic growth in both the Consumer segment and the Business segment, especially in a quarter that is often characterised by increased competition" says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 7,756 in the fourth quarter of 2019, reaching a total of 100,027 subscriptions at the end of the period. "We continue the positive trend within the mobile services and passing the 100 thousand subscribers milestone is a great achievement for us. The mobile services are developing according to plan, and we continue our efforts towards the target of 125 thousand subscribers by the end of 2020" says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Financial calendar for Fjordkraft Holding ASA FINANCIAL YEAR 2019 13.02.2020 - Quarterly Report - Q4 FINANCIAL YEAR 2020 20.08.2020 - Half-yearly Report 22.04.2020 - Annual General Meeting 14.05.2020 - Quarterly Report - Q1 12.11.2020 - Quarterly Report - Q3 13.02.2020 - Capital Markets Day This information is published pursuant to the requirements set out in the Continuing obligations.

On behalf of JPMorgan Asset Management Holdings Inc. ("JPMAMHI") and its subsidiaries, JPMAMHI hereby notifies you that it no longer has a notifiable interest in Fjordkraft Holding ASA ("the Company"), as detailed in the attached Schedule. Fjordkraft Holding ASA JPMorgan Asset Management Holdings Inc. ("JPMAMHI") no longer has a notifiable interest in the share capital of Fjordkraft Holding ASA as a result of trades by its subsidiary JPMorgan Asset Management (UK) Limited. The total number of shares held by JPMAMHI on 21 November 2019 was 4,769,083 being 4.564% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed notification threshold of 5% on 21 November 2019. Breakdown of holdings by JPMorgan Asset Management (UK) Limited Number of shares held: 4,769,083 (4.564%) Trades by JPMorgan Asset Management (UK) Limited Sold shares: 602,652

Q3 2019 highlights: o Net revenue growth across all segments - driven by both margin improvements and volume growth o Strong development with an accelerating growth in number of mobile subscribers (+51% YoY). Highest quarterly growth since the launch in Q2 2017 o Fjordkraft on top in EPSI's customer satisfaction survey for mobile subscribers in the consumer market in 2019 o Also awarded for best call centre across all industries in September o Successful acquisition of Vesterålskraft Strøm AS. Transaction completed 1 July 2019 Continued growth in net revenue and EBIT The third quarter of 2019 has been another quarter with growth in both net revenue and EBIT. Adjusted net revenue is increasing 14% YoY, while adjusted EBIT is increasing 8% YoY. Both volume growth and margin improvements have a positive impact on this quarter's result. The mobile segment is showing a strong growth, with the highest quarterly growth since the launch in Q2 2017, and Fjordkraft's mobile subscribers are also on top when it comes to customer satisfaction in the consumer market. It has been a good quarter. Temperatures in the quarter have been warmer than normal in three out of three months. However, two out of three months have been colder than in Q3 2018, which is part of the reason for the volume growth YoY. The growth of ~22k deliveries YoY in the Consumer and Business segments is also contributing positively to the volume growth. Building upon the "Klimanjaro" initiative that was awarded the United Nations' Climate Action Award, Fjordkraft is now launching "Klimahub". This is a nation-wide database with information about a firm's climate actions and focus. It includes an easy-to-use solution for businesses to calculate and register their CO2 emissions and climate actions, and Fjordkraft offers counselling and CO2 quotas to help businesses become climate neutral. Companies should use their purchasing power to ensure climate neutrality, and we hope "Klimahub" can make this easier. Please find attached the quarterly report and quarterly presentation. The results will be presented at Felix Konferansesenter at 08:00 on November 14. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q3 2019 results on Thursday 14 November 2019. Release: Time: Thursday 14 November 2019 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Thursday 14 November 2019 at 08.00 CET Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: https://webtv.hegnar.no/presentation.php?webcastId=98164488 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

In the third quarter of 2019, the number of electricity deliveries increased by 11,892 in the Consumer segment and Business segment combined. The organic growth amounted to 2,274 electricity deliveries in the Consumer segment and 213 electricity deliveries in the Business segment. The additional growth is from the acquisition of Vesterålskraft Strøm. The number of electricity deliveries in the Consumer and Business segments at the end of Q3 2019 was 619,455. At the end of the third quarter 2019, Extended Alliance comprised 32,033 electricity deliveries. One new partner, Orkland Energi, is included in the Extended Alliance this quarter, while the customers of Vesterålskraft Strøm is now part of the Consumer and Business segments, following the recent acquisition. In total, the Group had 651,488 electricity deliveries at the end of the third quarter 2019. This is an increase of 21,679 electricity deliveries compared to the end of the third quarter 2018. "We are very satisfied with a growth of nearly twelve thousand electricity deliveries in the Consumer and Business segments this quarter, and the fact that we are growing both organically and through acquisitions is particularly satisfying. Through the acquisition of Vesterålskraft Strøm we get hold of the entire customer relationship, and not only the service offering we had through Extended Alliance" says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 11,177 in the third quarter of 2019, reaching a total of 92,271 subscriptions at the end of the period. "The launch of the mobile service has been a fantastic journey for us, and this is the highest quarterly growth in number of subscribers since the second quarter of 2017. This proves that we are an attractive challenger to the more established players in the industry" says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

JPMorgan Asset Management Holdings Inc. ("JPMAMHI") has a notifiable interest in the share capital of Fjordkraft Holding ASA as a result of trades by its subsidiary JPMorgan Asset Management (UK) Limited. The total number of shares held by JPMAMHI on 20 September 2019 was 5,809,380 being 5.559% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed notification threshold of 5% on 20 September 2019. JPMorgan Asset Management Holdings Inc. ("JPMAMHI") crossed the 5% threshold as a result of its subsidiary JPMorgan Asset Management (UK) Limited purchasing 794,564 shares. Breakdown of holdings by JPMorgan Asset Management (UK) Limited Number of shares held: 5,809,380 (5.559%) CHAIN OF CONTROLLED UNDERTAKINGS Relationship of JPMorgan Asset Management Holdings Inc. to subsidiaries involved in the disclosure 1. The following hierarchy shows the relationship between JPMorgan Asset Management Holdings Inc. and its subsidiary JPMorgan Asset Management (UK) Limited JPMorgan Asset Management Holdings Inc. JPMorgan Asset Management International Limited (100%) JPMorgan Asset Management Holdings (UK) Limited (100%) JPMorgan Asset Management (UK) Limited (100%)

Q2 Highlights: -Strong YoY growth in net revenue adj. and EBIT adj. driven by strong price management and favourable market dynamics -Adjusted net revenue increasing 13% YoY -Adjusted EBIT increasing 26% YoY -Strong growth in number of mobile subscribers - passing 80 thousand and further strengthening our position as the largest mobile service provider without its own mobile network -Successful acquisition of Vesterålskraft Strøm AS. Transaction completed 1 July 2019 Another solid quarter driven by strong price management and favourable market dynamics The second quarter 2019 has been another solid quarter for Fjordkraft. Adjusted net revenue is increasing 13% YoY and adjusted EBIT is increasing 26% YoY. Strong price management in combination with favourable market dynamics are the most important factors behind the strong results. Temperatures in the quarter has been warmer than normal in two out of three months, and April was especially warm with 3.3 degrees Celsius above normal. While the higher than normal temperature negatively affects average volume per delivery, the total volume sold is still stable YoY. This is due to an increase in number of deliveries and shows the importance of growth when consumption is affected by external factors. The organic growth in the quarter amounted to 911 electricity deliveries in the Consumer and Business segments. We are still seeing some negative effects from the implementation of Elhub and given this, we are happy with our growth. Number of mobile subscribers grew by 9,446 in the quarter and is the highest quarterly growth since Q1 2018. There has been one new acquisition on the quarter - Vesterålskraft Strøm with around 8.6 thousand electricity deliveries. Through the transaction we get a new regional office in the northern part of Norway, enabling us to grow our market share in an unchartered territory for Fjordkraft. The transaction was completed on 1 July 2019 and will be included in the Company's figures from Q3. For more details, please see the enclosed report and presentation. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q2 2019 results on Thursday 22 August 2019. Release: Time: Thursday 22 August 2019 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Thursday 22 August 2019 at 08.00 CET Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: https://webtv.hegnar.no/presentation.php?webcastId=98042753 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

In the second quarter of 2019, the number of electricity deliveries increased by 1,471 in the Consumer segment and decreased by 560 in the Business segment, all of which organic. The number of electricity deliveries in the Consumer and Business segments at the end of Q2 2019 was 607,563. At the end of the second quarter 2019, Extended Alliance comprised 34,391 electricity deliveries, an increase of 569 electricity deliveries from last quarter. In total, the Group had 641,954 electricity deliveries at the end of the second quarter 2019. This is an increase of 20,476 electricity deliveries compared to the end of the second quarter 2018. "We are still seeing some effects from the implementation of Elhub and given this we are happy with our growth. The Consumer segment is showing a positive trend, and fluctuations in the Business segment is normal as tender customers joins or leaves us" says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 9,446 in the second quarter of 2019, reaching a total of 81,094 subscriptions at the end of the period. "This quarter's growth has been very strong. We have grown to more than 80,000 mobile subscribers, further strengthening our position as the largest mobile supplier without its own network" says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Fjordkraft (OSE ticker "FKRAFT") has entered into a share purchase agreement with Vesterålskraft AS to purchase 100% of the shares of Vesterålskraft Strøm AS. Vesterålskraft Strøm AS has about 8,600 electricity deliveries and estimated underlying net revenue and EBIT for 2018 was 10 NOKm and 3 NOKm, respectively. The agreed purchase price is 26.5 NOKm, which represents an enterprise value of 27.3 NOKm, subject to certain price adjustment mechanisms as agreed between the parties. The transaction is expected to be completed on 1 July 2019 and supports Fjordkraft's strategy as acting as a consolidator in the electricity market. The purchase price will be allocated between the customer portfolio and the regional office and sales organisation, and will be disclosed in the second quarter 2019 presentation. The acquisition is financed through available cash. The Seller has agreed with Fjordkraft that it will use the purchase price from the transaction to purchase 621,341 shares in Fjordkraft Holding ASA. The number of shares is based on the agreed purchase price in the transaction divided by the volume-weighted average price for the shares in Fjordkraft Holding ASA during the period of 12 June 2019 until 26 June 2019, i.e. NOK 42.6092. ABG Sundal Collier will be assisting the Seller with such share purchase following completion of the transaction. - Vesterålskraft Strøm AS has been one of our Alliance partners for the last ten years, and we are very happy to benefit from our long-term relationship through this acquisition. On top of their customer portfolio, we acquire a regional office and sales organisation in the northern part of Norway, enabling us to grow our market share in an unchartered territory for us, CEO Rolf Barmen explains. - Through their industrial ownership in Fjordkraft, Vesterålskraft is able to take part in the value creation of a larger and more profitable company, while staying exposed to the retail part of the value chain, Barmen adds. PwC has acted as financial advisor and Advokatfirmaet Schjødt AS has acted as legal advisor to Fjordkraft. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

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

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FKRAFT - Contemplated sale of up to approximately 15.67 million existing shares ABG Sundal Collier ASA (the "Manager") has been retained by BKK AS ("BKK") to explore the sale of up to approximately 15.67 million existing shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 15% of the share capital in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process. The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Manager. A further announcement will be made following pricing of the shares in the Placing. BKK reserves the right, at its own discretion, to sell fewer shares or no shares at all. BKK currently holds 31,607,498 shares in the Company, representing 30.2% of the share capital in the Company. BKK is represented on the Board of Directors in Fjordkraft. BKK will enter into a customary 90 days lock-up for its remaining shares in the Company not sold in the Placing. Contact: BKK AS Anne Marit Steen, CFO +47 90 91 95 79 anne.marit.steen@bkk.no

Highlights from Q1: o Net revenue adj. and EBIT adj. performance better than expected, driven by strong price management and favourable market dynamics o Positive organic growth in all segments o Fjordkraft is now the largest mobile service provider without its own mobile network o Positive revision of targets following strong results o Adjusted net revenue increasing 20% YoY o Adjusted EBIT increasing 24% YoY Strong price management in an important quarter Every quarter is important. Still, the first quarter is perhaps the most important quarter for Fjordkraft. This is when the temperatures are at their lowest and electricity consumption is at its highest, and is usually the quarter with the greatest net revenue contribution throughout the year. Therefore, we are very satisfied with our strong performance in the first quarter of 2019. Adjusted net revenue is increasing 20% YoY, while adjusted EBIT is increasing 24% YoY. The Norwegian winter has been mild, and temperatures have been warmer than normal in three out of three months in the quarter. February was especially warm, with 3.5 degrees Celsius above normal. The warm weather negatively affects electricity consumption per delivery, but volume sold is still increasing 3% YoY due to the 14% YoY growth in number of electricity deliveries. Organic growth in the quarter amounted to 1,679 electricity deliveries and 5,667 mobile subscribers. The warm weather has also affected elspot price development throughout the quarter. We saw increasing prices throughout January, but in February and March decreasing prices combined with strong price management have had a positive impact on product margins. For more details, please see the enclosed report and presentation. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

The Annual General Meeting of Fjordkraft Holding ASA was held at 08.30 CEST today, Tuesday 14 May 2019. Please see attached a copy of the Minutes from the Annual General Meeting. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject of the disclosure requirements according to §5-12 vphl (Norwegian Securities Trading Act).

Reference is made to the Board of Directors' approval of a long-term incentive program on 10 December 2018. The following primary insider has been granted options: - Solfrid Fluge Andersen: 30,000 options, now holding a total of 60,000 options One third of the options vest on 15 February 2020, one third vest on 15 February 2021 and one third vest on 15 February 2022. The options have a strike price of NOK 37.9 and expire on 15 February 2023. The long-term incentive program is subject to approval at the Annual General Meeting on 14 May 2019. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees. Following Ingeborg Morken's resignation, her 60,000 unvested options are no longer valid. The total number of options granted is now 930,000. For queries, please contact: Per Axel Koch, Chairman, +47 481 20 000 Rolf Barmen, CEO, +47 900 80 950

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q1 2019 results on Wednesday 15 May 2019. Release: Time: Wednesday 15 May 2019 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Wednesday 15 May 2019 at 08.00 CET Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: https://webtv.hegnar.no/presentation.php?webcastId=97815829 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Notice is hereby served that the annual general meeting of Fjordkraft Holding ASA (the "Company") will be held on Tuesday 14 May 2019 at 08:30 hours in Auditoriet in the Company's offices in Folke Bernadottes Vei 38, 5147 Fyllingsdalen, Bergen. Please find the notice attached. All relevant documents are available on investor.fjordkraft.no For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

In the first quarter of 2019, the number of electricity deliveries in the Consumer and Business segments increased by 1,679, all of which organic. The number of electricity deliveries in the Consumer and Business segments at the end of Q1 2019 was 606,652. At the end of the first quarter 2019, Extended Alliance comprised 33,822 electricity deliveries, an increase of 358 electricity deliveries from last quarter. In total, the Group had 640,474 electricity deliveries at the end of the first quarter 2019. This is an increase of 86,291 electricity deliveries compared to the end of the first quarter 2018. In February 2019, Elhub was implemented. Elhub is Statnett's new IT solution for information exchange between actors in the power market. Following the implementation of Elhub, there has been some delay in processes related to start-up and termination of electricity deliveries. "We are pleased with our organic growth in a quarter where we have seen high electricity prices, and where the start-up of new customers has been delayed" says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 5,667 in the first quarter of 2019, reaching a total of 71,648 subscriptions at the end of the period. "Following Ice's acquisition of Komplett, Fjordkraft is now the largest mobile service provider without its own mobile network. The vast majority of our mobile subscribers are also electricity customers. This shows the interest for bundled services, and contributes to increased loyalty," says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Skagerak Energi AS has sold 15,528,228 shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 14.86 per cent of the share capital in the Company, at a price of NOK 35.70 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA. After the transaction, Skagerak Energi AS owns 15,528,228 shares, representing 14.86 per cent of the share capital in the Company. Skagerak Energi AS is represented on the Board of Directors in Fjordkraft. Skagerak Energi has entered into a customary 90 days lock-up for its remaining shares in the Company. Contact: Skagerak Energi AS Øystein Disch Olsrød, CFO +47 91 60 22 26 Oystein.Olsrod@skagerakenergi.no

Please find attached the Annual Report for 2018. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FKRAFT - Contemplated sale of up to approximately 15.5 million existing shares ABG Sundal Collier ASA (the "Manager") has been retained by Skagerak Energi AS ("Skagerak Energi") to explore the sale of up to approximately 15.5 million existing shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing approximately 14.9% of the share capital in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process. The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Manager. A further announcement will be made following pricing of the shares in the Placing. Skagerak Energi reserves the right, at its own discretion, to sell fewer shares or no shares at all. Skagerak Energi currently holds 31,056,456 shares in the Company, representing 29.7% of the share capital in the Company. Skagerak Energi is represented on the Board of Directors in Fjordkraft. Skagerak Energi will enter into a customary 90 days lock-up for its remaining shares in the Company not sold in the Placing. Contact: Skagerak Energi AS Øystein Disch Olsrød, CFO +47 91 60 22 26 Oystein.Olsrod@skagerakenergi.no

Robert Olsen has notified the Nomination Committee that he will resign from his position as Board member of Fjordkraft Holding ASA following the Annual General Meeting (AGM) on May 14, 2019. The Nomination Committee has now started working on identifying new candidates for the position. The Board wishes to thank Robert Olsen for his valuable contribution to Fjordkraft over several years. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

The fourth quarter results will be presented as the first part of the capital markets day, starting 14 February 2019 09:00 CET at Felix Konferansesenter, Oslo. The presentation will be held in English and will be webcasted at http://webtv.hegnar.no/presentation.php?webcastId=97603182 Q4 Highlights: • Adjusted net revenue of 305 NOKm, representing 15% YoY growth • Adjusted EBIT of 107 NOKm, up 12% YoY • 14% YoY growth in number of electricity deliveries, of which 2 % organic • Gross revenue increasing +55% YoY, reflecting volume growth and significantly higher elspot prices than last year (+56%) • The Oppdal and Etne acquisitions successfully implemented during Q4 2018 Strong performance in a competitive quarter The fourth quarter of 2018 was another quarter affected by extreme weather conditions. In October, several locations in the Western part of Norway experienced from 200-250% of normal precipitation levels. This resulted in temporary local area prices as low as 0.06 NOK/MWh in the middle of October. Throughout the rest of the quarter, electricity prices have been increasing, reaching a maximum system price of 0.64 NOK/MWh in the middle of December. The temperature has been higher than normal in three out of three months, having a slightly negative impact on volume sold in the quarter. It has also been a quarter with intense competition. A lot of electricity suppliers have been active through the holiday season, offering special deals and discounts to win customers. Organic growth in the quarter amounted to 2,108 electricity deliveries in the Consumer and Business segments. YoY growth in number of deliveries in the Consumer and Business segments amounts to 14%, of which 2% organic, and the number of mobile subscriptions grew by 4,763 QoQ. – We are very happy with reaching organic growth in a quarter as competitive as this, says CEO Rolf Barmen. Due to Statnett’s Elhub project, which aims to streamline information flow between the different players in the industry, the roll-out of the Extended Alliance concept is at a temporary halt until the 1 May 2019. This has a limited impact on the Group’s financial results. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970

Reference is made to the Board of Directors’ approval of a long-term incentive program on 10 December 2018. The following primary insiders have been granted options: - Roger Finnanger: 30,000 options, now holding a total of 483 shares and 60,000 options - Christian Kalvenes: 60,000 options, now holding a total of 483 shares and 60,000 options One third of the options each person is granted vest on 15 February 2020, one third vest on 15 February 2021 and one third vest on 15 February 2022. The options have a strike price of NOK 34 and expire on 15 February 2023. The long-term incentive program is subject to approval at the Annual General Meeting on 14 May 2019. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees. The total number of options granted is now 960,000. For queries, please contact: Per Axel Koch, Chairman, +47 481 20 000 Rolf Barmen, CEO, +47 900 80 950

We hereby invite you to participate at Fjordkraft Holding ASA’s Capital Markets Day and Q4 2018 results presentation on Thursday 14 February 2019. The program starts at 09.00 CET and ends at 11.30, with an optional lunch from 11.30 until 12.00. Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo Please register for the event by sending an e-mail to morten.opdal@fjordkraft.no Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Release time: Thursday 14 February 2019 at 07.00 CET The presentation will be webcasted live at: http://webtv.hegnar.no/presentation.php?webcastId=97603182 A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Reference is made to the Fjordkraft Holding ASA prospectus from the initial public offering, dated 9 March 2018, where it is stated that the Board of Directors will consider the establishment of a long-term share incentive program for its key employees following the listing. On 10 December 2018, the Board of Directors approved a long-term incentive program where a total of 870,000 options were granted to key employees. The program is subject to approval at the Annual General Meeting on 14 May 2019. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees. The following primary insiders have been granted options: Rolf Barmen: 120,000 options, now holding a total of 41,052 shares and 120,000 options Birte Strander: 60,000 options, now holding a total of 27,766 shares and 60,000 options Ingeborg Morken: 60,000 options, now holding a total of 10,197 shares and 60,000 options Arnstein Flaskerud: 60,000 options, now holding a total of 22,260 shares and 60,000 options Alf Kåre Hjartnes: 60,000 options, now holding a total of 8,833 shares and 60,000 options Jeanne Tjomsland: 60,000 options, now holding a total of 18,678 shares and 60,000 options Solfrid Aase: 60,000 options, now holding a total of 7,456 shares and 60,000 options Torkel Rolfseng: 30,000 options, now holding a total of 8,548 shares and 30,000 options Ole Johan Langenes: 30,000 options, now holding a total of 6,450 shares and 30,000 options Morten Opdal: 30,000 options, now holding a total of 3,081 shares and 30,000 options One third of the options each person is granted vest on 15 February 2020, one third vest on 15 February 2021 and one third vest on 15 February 2022. The options have a strike price of NOK 33 and expire on 15 February 2023. For queries, please contact: Per Axel Koch, Chairman, +47 481 20 000 Rolf Barmen, CEO, +47 900 80 950

In the fourth quarter of 2018, the number of electricity deliveries in the Consumer and Business segments increased by 8,687, of which 2,108 organic. The number of electricity deliveries in the Consumer and Business segments at the end of Q4 2018 was 604,973. Due to Statnett’s Elhub project, a new IT solution for information exchange between actors in the power market, new Extended Alliance partners will not be implemented until 1st May 2019. At the end of the fourth quarter 2018, Extended Alliance comprised 33,464 electricity deliveries, a decrease of 59 electricity deliveries from last quarter. In total, the Group had 638,437 electricity deliveries at the end of the fourth quarter 2018. This is an increase of 88,106 electricity deliveries compared to the end of the fourth quarter 2017. “We are pleased with our organic growth in a quarter where we have seen tough competition. Electricity prices have been high throughout 2018, making customers more conscious about their electricity subscriptions. In a market like this, a strong brand is especially important,” says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 4,763 in the fourth quarter of 2018, reaching a total of 65,981 subscriptions at the end of the period. “We are happy with our growth in number of mobile subscribers. Several of the players challenging the established duopoly are growing, proving that the customers appreciate the increased competition,” says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62

Financial calendar for Fjordkraft Holding ASA FINANCIAL YEAR 2018 29.03.2019 - Annual Report 14.05.2019 - Annual General Meeting 14.02.2019 - Quarterly Report - Q4 FINANCIAL YEAR 2019 22.08.2019 - Half-yearly Report 15.05.2019 - Quarterly Report - Q1 14.11.2019 - Quarterly Report - Q3 13.02.2020 - Quarterly Report - Q4 14.02.2019 - Capital Markets Day This information is published pursuant to the requirements set out in the Continuing obligations.

Highlights from Q3 2018: • Adjusted net revenue of 227 NOKm, representing 23% YoY growth • Adjusted EBIT of 58 NOKm, up 34% YoY • 14% YoY growth in number of electricity deliveries, of which 2 % organic • Gross revenue increasing +74% YoY, reflecting volume growth and significantly higher elspot prices than last year (+81%) • Acquisition of Etne customer portfolio – transaction completed on 30 October Another solid quarter The power market has received a lot of attention in the third quarter of 2018. The failed bet of the Norwegian power trader Einar Aas baffled an entire industry. Elspot prices have been volatile, ranging from 0.62 NOK/kWh to 0.21 NOK/kWh in different parts of Norway. From a record-breaking warm summer, the September of 2018 was among the wettest we have seen since 1900. It has been an eventful quarter. The Group’s results are solid, with a 23% YoY increase in adjusted net revenue and a 34% YoY increase in adjusted EBIT. Revenue from the variable products in the Consumer segment was positively affected by the significant drop in elspot prices in September. The last twelve months’ EBIT is all time high, at 379 NOKm. YoY growth in number of deliveries in the Consumer and Business segments amounts to 14%, of which 2% organic. The Extended Alliance concept is growing by 7,672 deliveries QoQ and number of mobile subscriptions grew by 4,282 QoQ. This quarter, the Group was announced as one of the winners of the United Nations “Momentum for Change” Climate Action Award. Fjordkraft’s efforts towards a climate neutral supply chain is named “Klimanjaro”, and annual CO2 emissions of about 56,000 tonnes are now being offset as a result of this initiative. Fjordkraft is the first Norwegian company to receive the award, and the award ceremony will take place in Katowice, Poland, 2-14 December 2018. Kantar TNS’ Q3 2018 survey shows that Fjordkraft maintains the position as the number one electricity retail brand in the consumer segment. Fjordkraft has the highest brand awareness in Norway, the highest market share ever measured by Kantar TNS and the best customer satisfaction among the five most well-known brands. On 25 October, Fjordkraft entered into an agreement with BKK AS to purchase the customer portfolio of Etne Elektrisitetslag. The customer portfolio consists of about 1,600 deliveries. Transaction details are comprised by confidentiality by seller’s request. The transaction was completed on 30 October 2018. For more details, please see the enclosed report and presentation. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations,

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA’s Q3 2018 results on Wednesday 7 November 2018. Release: Time: Wednesday 7 November 2018 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Wednesday 7 November 2018 at 08.00 CET Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: http://webtv.hegnar.no/presentation.php?webcastId=97451454 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Fjordkraft (OSE ticker «FKRAFT») has entered into an agreement with BKK AS to purchase the customer portfolio of Etne Elektrisitetslag. The customer portfolio consists of about 1,600 deliveries. The transaction is expected to be completed on 30 October 2018 and supports Fjordkraft's strategy as acting as a consolidator in the electricity market. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 52

With reference to the Q2 2018 report published on 30 August 2018, the statement according to the Securities Trading Act section 5-6 (2) was not attached. The statement is included in the attached file. The report is also available at https://investor.fjordkraft.no/en/ For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

In the third quarter of 2018, the number of electricity deliveries in the Consumer and Business segments increased by 659, all of which organic. The number of electricity deliveries in the Consumer and Business segments at the end of Q3 2018 was 596,286. Extended Alliance had a growth of 7,672 electricity deliveries in the third quarter of 2018 and comprised 33,523 electricity deliveries at the end of the third quarter of 2018. In total, the Group had 629,809 electricity deliveries at the end of the third quarter 2018. This is an increase of 85,483 electricity deliveries compared to the end of the third quarter 2017. "I am pleased with our organic growth in a year with high electricity prices," says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 4,282 in the third quarter of 2018, reaching a total of 61,218 subscriptions at the end of the period. "It has been a year and a half since we launched the mobile services, and we are very happy about passing 60,000 subscribers. The new product range has been a success, giving our customers more options to choose from in the small and medium sized data plans," says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

The United Nations Climate Change Secretariat announced today the 15 recipients of the 2018 UN "Momentum for Change" climate action award. Fjordkraft's initiative "Klimanjaro" was announced as one of the winners in the category "Climate Neutral Now" and aims towards a climate neutral supply chain. Fjordkraft is the first Norwegian company to receive this award. - This award is a great recognition for us and our climate efforts. We are not only responsible for generating profits, but also for taking care of the environment, says EVP and Head of Strategy Arnstein Flaskerud. For more information, please see the following link: https://unfccc.int/climate-action/momentum-for-change/climate-neutral-now/kliman jaro-climate-neutral-supply-chain For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. Fjordkraft supplies electricity to an estimated more than 1.3 million people through ca. 600,000 delivery points in households, businesses and public entities across Norway.

Highlights Q2 2018 - Adjusted net revenue of 242 NOKm, representing 18% YoY growth - 15% YoY growth in number of electricity deliveries, of which 3 % organic - Adjusted EBIT of 78 NOKm, up 4% YoY - Significant drop in NWC, as volume is seasonally lower and effects from last quarter normalise - Acquisition of Oppdal Everk's customer portfolio - closing expected October 1st - The increase in net revenue is due to both improved margins and a 15% YoY growth in number of deliveries. This proves Fjordkraft's success in distribution, product management and margin improvement, and is in line with our strategy, says CEO Rolf Barmen. The warmer than normal weather affects electricity consumption, and average volume per delivery in the second quarter decreased by 5% YoY in the Consumer segment and 4% YoY in the Business segment. Still, total volume in the quarter increased by 8% YoY, as a result of the 15% YoY growth in number of electricity deliveries. -Elspot prices in the second quarter of 2018 have been higher than normal, and we can see an increase in customer enquiries because of the price level. We are very pleased with our organic growth in the current market situation, says Barmen. The results will be presented at 08:00 CEST by CEO Rolf Barmen and CFO Birte Strander. The presentation will take place at Felix Konferansesenter, Bryggetorget 3, 0125 Oslo. The presentation will be held in English and will be webcasted at investor.fjordkraft.no. For further queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. Fjordkraft supplies electricity to an estimated more than 1.3 million people through ca. 600,000 delivery points in households, businesses and public entities across Norway.

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q2 2018 results on Thursday 30 August 2018. Release: Time: Thursday 30 August 2018 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/ Results Presentation: Time: Thursday 30 August 2018 at 08.00 CEST Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: http://webtv.hegnar.no/presentation.php?webcastId=92034157 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. Fjordkraft supplies electricity to an estimated more than 1.3 million people through ca. 600,000 delivery points in households, businesses and public entities across Norway.

Fjordkraft (OSE ticker «FKRAFT») has entered into a Share Purchase Agreement with TrønderEnergi AS to purchase 100% of the shares of Oppdal Everk Kraftomsetning AS. Oppdal Everk Kraftomsetning AS will be demerged from Oppdal Everk AS and will consist of about 5,200 electricity deliveries. 2017 revenue from the electricity retail operations amounted to 32 NOKm. The transaction is expected to be completed October 1 2018, and supports Fjordkraft's strategy as acting as a consolidator in the electricity market. - This is a good follow-up on the agreement we made in March with the acquisition of TrønderEnergi Marked AS and its associated customer portfolio. We are adding these customers to our existing customer portfolio in the region, CEO Rolf Barmen explains. In April, the Norwegian Competition Authority approved Fjordkraft's acquisition of TrønderEnergi Marked AS with its associated customer portfolio of approximately 61,000 electricity deliveries. The new customer base is combined with the existing and is operated in Fjordkraft's operating environment through the subsidiary TrøndelagKraft. The group has a regional office in Trondheim. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. Fjordkraft supplies electricity to an estimated more than 1.3 million people through ca. 600,000 delivery points in households, businesses and public entities across Norway

In the second quarter of 2018, the number of electricity deliveries in the Consumer and Business segments increased by 63,432. The TrønderEnergi Marked acquisition represented a growth of 60,879 deliveries, while organic growth in the period amounted to 2,553 deliveries. The number of electricity deliveries in the Consumer and Business segments at the end of Q2 2018 was 595,627. Extended Alliance had a growth of 3,863 electricity deliveries in the second quarter of 2018, and comprised 25,851 electricity deliveries at the end of the second quarter of 2018. In total, the Group had 621,478 electricity deliveries at the end of the second quarter 2018. This is an increase of 95,056 electricity deliveries compared to the end of the second quarter 2017. "The acquisition of TrønderEnergi Marked is strengthening our position in the Trøndelag area. We are also happy with our organic growth, especially given the recent market conditions with high electricity prices," says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 7.567 in the second quarter of 2018, reaching a total of 56,936 subscriptions at the end of the period. "Our mobile offering is attractive, and for electricity customers in particular. Looking at our rapid growth in number of mobile subscriptions, it is clear that there was a need for increased competition in the mobile industry," says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Highlights Q1 2018 - Adjusted net revenue of 314 NOKm, representing a 16% YoY growth. - 13% YoY increase in volume sold due to growth in number of deliveries and colder than normal weather. - Adjusted EBIT of 146 NOKm, up 3% YoY. - Positive organic growth in all segments. - The acquisition of TrønderEnergi Marked was completed 18th April. The results will be presented at 08:30 CEST by CEO Rolf Barmen and CFO Birte Strander. The presentation will take place at Felix Konferansesenter, Bryggetorget 3, 0125 Oslo. The presentation will be held in English and will be webcasted at investor.fjordkraft.no. For further queries, please contact: Morten A. W. Opdal, Investor Relations, +47 970 62 526 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q1 2018 report on Tuesday 8 May 2018. Release: Time: Tuesday 8 May 2018 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/ Results Presentation: Time: Tuesday 8 May 2018 at 08.30 CEST Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: http://webtv.hegnar.no/presentation.php?webcastId=82821532 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. A recording of the presentation will be available on our web site shortly after the live webcast has ended. For further information, please contact: Morten A. W. Opdal, Head of Investor Relations, +47 970 62 526 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Oslo, 20 April 2018: Reference is made to the stock exchange notice issued on 21 March 2018 regarding potential stabilisation activities in respect of the shares in Fjordkraft Holding ASA ("Fjordkraft" or the "Company" ; OSE ticker: FKRAFT, ISIN: NO 0010815673) in the period from 21 March 2018 to and including 19 April 2018 in connection with the Company's initial public offering on the Oslo Stock Exchange (the "Offering"). ABG Sundal Collier ASA ("ABGSC"), acting as sole global coordinator and stabilisation manager in the Offering, hereby gives notice that stabilisation was undertaken in relation to the shares in Fjordkraft with a total of 3,231,731 shares purchased as part of the stabilisation. The shares were purchased at an average price of NOK 30.9871 per share and stabilisation activities last occurred on 23 March 2018. For each of the dates during which stabilisation transactions were carried out, the price range and volume purchased were as follows: Trade date Price (low) Price (high) Price (average) Volume 21.03.2018 31.00 31.00 31.00 544,497 22.03.2018 31.00 31.00 31.00 1,990,030 23.03.2018 30.80 31.00 30.94 697,204 ABGSC will redeliver the shares purchased through stabilisation transactions to BKK AS ("BKK") and Skagerak Energi AS ("Skagerak Energi") in accordance with the terms of a placing agreement between the parties. Furthermore, ABG Sundal Collier has exercised the option to purchase a total of 2,646,181 shares in Fjordkraft from BKK and Skagerak Energi at the price in the Offering (NOK 31.00 per share) which was borrowed and over-allotted in the Offering and for which the redelivery obligation under the share lending agreement has not been satisfied by delivery of the shares purchased during the stabilisation period. Reference is made to the prospectus for the Offering for additional descriptions of these arrangements. For further information, please contact: ABG Sundal Collier ASA Magnus Kvinge Tel: +47 22 01 60 00 Important Notice: The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Neither ABGSC nor any of its affiliates, directors, officers, employees, advisors or agents accept any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, Hong Kong, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement does not contain or constitute an offer to sell or a solicitation of any offer to buy or subscribe for any securities referred to in this announcement to any person in any jurisdiction, including the United States, Australia, Canada, Japan, Hong Kong or any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any securities referred to herein in the United States or to conduct a public offering of securities in the United States. The information contained in this announcement speak only as at its date, and are subject to change without notice.

Fjordkraft Holding ASA ("Fjordkraft", OSE ticker "FKRAFT") Fjordkraft has 50,000 mobile phone customers In less than one year, electricity supplier and mobile phone operator Fjordkraft has reached 50,000 mobile phone customers. The company has thus seen rapid growth in the mobile telephony market. On 25 April it will be one year since electricity supplier Fjordkraft also became a mobile telephony provider. "We entered this market as an independent challenger to Telia and Telenor, with cheap mobile telephony and extra low prices for our electricity customers. This proves that our offer hit its mark. With two virtually omnipresent players, the mobile telephony market was ripe for competition," says CEO Rolf Barmen i Fjordkraft. Short route from electricity to mobile telephony Barmen said the following on the reasons for the rapid growth: "We're in touch with a lot of people every day, and everyone in the household who buys electricity from us can take advantage of our cheap mobile offering. Our beneficial prices for mobile telephony are accessible to more than a million people. "When we entered into the mobile market, our point of departure was what we already know. Fjordkraft is a well-known and highly visible brand and we have a large and skilled customer centre. Becoming a mobile telephony operator was thus just a short step away." "In the mobile market there are two players with huge market resources, and the rate of change is high. It's an instructive place to compete in. For the organization it has been a shot in the arm, and the employees have welcomed the mobile operations with huge commitment," Barmen says. Chess discontinued its operations in Bergen last summer, and Fjordkraft has recruited the customer service director, product manager and strategy developer from Chess, among others. With the acquisition of TrønderEnergi Marked, Fjordkraft will have close to 600,000 delivery points in the private and business market. On 28 March the company reported that the acquisition has been approved by the Norwegian Competition Authority and the Norwegian Water Resources and Energy Directorate (NVE). With this acquisition, the company covers the electricity needs of more than 1.3 million people all over the country. Market dominated by Telia and Telenor The mobile market is dominated by Telenor and Telia, which with its brands has 92.3% of market share measured in the consumer market (Report Nkom 1st half of 2017). TalkMore, MyCall, OneCall, Tele2, and Phonero (corporate market) are all Telia or Telenor companies. Telia bought Phonero in November and last week Telia chose to discontinue Chess as a brand. The Ministry of Transport and Communications has recently maintained the decision of the National Communications Authority regarding continued regulation of Telenor. In addition, NKOM advises immediately to initiate new market analysis and assess the scope for future market regulation. In March, Komplett Mobil announced that they had obtained 50,000 customers since their launch the summer of 2016. Contakt: CEO Rolf Barmen Mobil +47 900 80 950

Bergen, 28 March 2018: As described in the prospectus for its initial public offering dated 9 March 2018, Fjordkraft Holding ASA ("Fjordkraft", OSE ticker "FKRAFT") (through a subsidiary) on 23 February 2018 entered into an agreement to acquire all of the issued shares of TrønderEnergi Marked AS, a leading electricity retailer in the Trøndelag area with 61,700 electricity deliveries, (figures as at year end 2017). The transaction has now received clearance from the Norwegian Competition Authority. Approval has also been granted by the Norwegian Water Resources and Energy Directorate. Fjordkraft expects completion of the transaction to occur mid-April 2018. For further queries, please contact: Jeanne Tjomsland, head of HR, Communication and Information Security +47 957 61 644 jeanne.tjomsland@fjordkraft.no

Reference is made to Fjordkraft Holding ASA's stock exchange notice on 21 March 2018 regarding allocation of shares to certain primary insiders. The correct number of shares allocated to a related party to chief financial officer Birte Strander should be 847, such that the number of shares held by Birte Strander including shares held by a related party is 28,613. The number of shares held by Birte Stander directly is 27,766 as stated in the notice of 21 march 2018.

Ms. Birthe Iren Grotle, member of the board of directors of Fjordkraft Holding ASA ("Fjordkraft"), has today acquired 2,900 shares in the Fjordkraft at a price per share of NOK 31. Following this acquisition, Ms. Grotle holds 2,900 shares in Fjordkraft Holding ASA. This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Act.

Robert Olsen, member of the board of directors of Fjordkraft Holding ASA ("Fjordkraft"), has today acquired 16,150 shares in the Fjordkraft at a price per share of NOK 30.90. Following this acquisition, Robert Olsen holds 16,150 shares in the Fjordkraft. This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Act.