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.