Fjordkraft Holding ASA will host a 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 Please find the presentation attached. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

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.