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,