Bergen, 10 January 2020: Fjordkraft Holding ASA today announces that Ole Johan Langenes is appointed acting Chief Financial Officer of the company during the period the current Chief Financial Officer, Birte Strander, is on maternity leave. Ole Johan Langenes has been with Fjordkraft since August 2013 and has held the position as Head of Accounting since June 2016. He holds a master's degree in economics and business administration from Norwegian School of Economics (NHH) and has previously been working as Business Controller at Fjordkraft. For further information, please contact: Rolf Barmen, CEO, +47 900 80 950

Financial calendar for Fjordkraft Holding ASA FINANCIAL YEAR 2019 13.02.2020 - Quarterly Report - Q4 FINANCIAL YEAR 2020 20.08.2020 - Half-yearly Report 22.04.2020 - Annual General Meeting 14.05.2020 - Quarterly Report - Q1 12.11.2020 - Quarterly Report - Q3 13.02.2020 - Capital Markets Day This information is published pursuant to the requirements set out in the Continuing obligations.

On behalf of JPMorgan Asset Management Holdings Inc. ("JPMAMHI") and its subsidiaries, JPMAMHI hereby notifies you that it no longer has a notifiable interest in Fjordkraft Holding ASA ("the Company"), as detailed in the attached Schedule. Fjordkraft Holding ASA JPMorgan Asset Management Holdings Inc. ("JPMAMHI") no longer 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 21 November 2019 was 4,769,083 being 4.564% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed notification threshold of 5% on 21 November 2019. Breakdown of holdings by JPMorgan Asset Management (UK) Limited Number of shares held: 4,769,083 (4.564%) Trades by JPMorgan Asset Management (UK) Limited Sold shares: 602,652