Hafslund Reference is made to notice given 28 May 2008.

All employees in the Hafslund Group who are included in the framework agreement for the wage settlement in the spring of 2007 are free of charge offered up to 102 B-shares in Hafslund ASA dependent upon period of employment and whether the position is full or part time. Further employees are offered to buy up to 100 B-shares in Hafslund ASA at a 20 percent discount to market price. The offer is part of Hafslund's moderate wage settlement and obtained annual result for 2007.

A total of 161,934 B-shares will on 12 June be transferred to employees in Hafslund, of which 1,632 B-shares have been allocated to primary insiders. The shares, exclusive of any discount, are transferred to NOK 103.00 per share. Following this transaction, Hafslund's balance of own shares is 295,794 of class B-shares. The company does not hold any Hafslund A-shares.

Hafslund ASA Oslo, 12 June 2008

For further information, please contact: Investor Relations, Lars Ove Johansen, +47 99 29 14 60

Hafslund

http://www.hafslund.no

ISIN: NO0004306408

Stock Identifier: XOSL.HNA

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