Hafslund

Hafslund (OSL:HNA) Reference is made to the press release 6th August 2008 regarding the sale of the residential alarm business. Hafslund has, in connection with a repayment process in Securitas Direct AB, chosen to sell the shares that were received as settlement in the sale of Hafslund Security. Joint settlement amounts to approx. SEK 170 million, with entitlement to an additional settlement should the repayment process give a higher gratuity.

Hafslund (OSL:HNA) Hafslund ASA has issued a new bond with a term from 12 November 2008 to 12 November 2019, coupon 6.25 %. The first tranche of the issue amounts to NOK 400 million. Of this amount NOK 200 million is sold to investors and the remaining NOK 200 million is kept within the treasury of Hafslund ASA.

Hafslund (OSL:HNA) Hafslund ASA has 5 November 2008 increased a commercial paper with maturity 20 August 2009 with NOK 50 million. After this transaction, outstanding amount in this commercial paper is NOK 450 million.

Hafslund (OSL:HNA) Hafslund has, as mentioned in the Annual Reports from 2006 and 2007, assumed that profit made in 2006 on the stock option element in convertible bonds in Renewable Energy Corporation ASA (REC) was tax-free in accordance with the exemption model. As it appears in note 25 of the Hafslund Annual Report from 2007, the Central Tax Office for Large Companies (Sentralskattekontoret for storbedrifter) (SfS) has given notice that the office is considering changing the tax charged for 2006 so that the entire profit is taxed at 28%. Hafslund has received a drafted office resolution where SfS, as signalled earlier, upholds full taxation. In the drafted office resolution SfS values each REC-share per the conversion time at the beginning of March 2006 at 81,50 NOK. This represents an increase from the notice given earlier at 65,00 NOK per share.

Hafslund (OSL:HNA) Hafslund ASA has the 30 October 2008 increased the bond issue 6 % Hafslund ASA 2007/2017 - ISIN NO 001 037319.4 by NOK 100 million. After this transaction, the outstanding amount in this bond issue is NOK 700 million.

Hafslund (OSL:HNA) Hafslund ASA has 29 October 2008 increased a commercial paper with maturity 23 April 2009 with NOK 100 million, coupon 6.90 %. After this transaction, outstanding amount in this commercial paper is NOK 300 million.

Hafslund (OSL:HNA) The presentation of the 3rd quarter 2008 accounts will be held on Tuesday 28th October at 09:00 am. The 3rd quarter results 2008 will be made public on Tuesday 28th October, at approx. 08.00 am. A short presentation of Fesil Holding AS will be held at the end of the presentation.

Hafslund (OSL:HNA) Hafslund ASA has 16 October 2008 issued a NOK 200 million commercial paper with maturity 23 April 2009, coupon 6.90 %.

Hafslund (OSL:HNA) Reference is made to notice given 12 June 2008.

Hafslund (OSL:HNA) Hafslund ASA has 9 October 2008 issued a NOK 300 million commercial paper with maturity 13 October 2009, coupon 8.16 %.