Q3 2019 highlights: o Net revenue growth across all segments - driven by both margin improvements and volume growth o Strong development with an accelerating growth in number of mobile subscribers (+51% YoY). Highest quarterly growth since the launch in Q2 2017 o Fjordkraft on top in EPSI's customer satisfaction survey for mobile subscribers in the consumer market in 2019 o Also awarded for best call centre across all industries in September o Successful acquisition of Vesterålskraft Strøm AS. Transaction completed 1 July 2019 Continued growth in net revenue and EBIT The third quarter of 2019 has been another quarter with growth in both net revenue and EBIT. Adjusted net revenue is increasing 14% YoY, while adjusted EBIT is increasing 8% YoY. Both volume growth and margin improvements have a positive impact on this quarter's result. The mobile segment is showing a strong growth, with the highest quarterly growth since the launch in Q2 2017, and Fjordkraft's mobile subscribers are also on top when it comes to customer satisfaction in the consumer market. It has been a good quarter. Temperatures in the quarter have been warmer than normal in three out of three months. However, two out of three months have been colder than in Q3 2018, which is part of the reason for the volume growth YoY. The growth of ~22k deliveries YoY in the Consumer and Business segments is also contributing positively to the volume growth. Building upon the "Klimanjaro" initiative that was awarded the United Nations' Climate Action Award, Fjordkraft is now launching "Klimahub". This is a nation-wide database with information about a firm's climate actions and focus. It includes an easy-to-use solution for businesses to calculate and register their CO2 emissions and climate actions, and Fjordkraft offers counselling and CO2 quotas to help businesses become climate neutral. Companies should use their purchasing power to ensure climate neutrality, and we hope "Klimahub" can make this easier. Please find attached the quarterly report and quarterly presentation. The results will be presented at Felix Konferansesenter at 08:00 on November 14. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q3 2019 results on Thursday 14 November 2019. Release: Time: Thursday 14 November 2019 at 07.00 CET Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/en/ Results Presentation: Time: Thursday 14 November 2019 at 08.00 CET Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: https://webtv.hegnar.no/presentation.php?webcastId=98164488 The presentation will be held in English. The presentation will be held by CEO Rolf Barmen and CFO Birte Strander. 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.

In the third quarter of 2019, the number of electricity deliveries increased by 11,892 in the Consumer segment and Business segment combined. The organic growth amounted to 2,274 electricity deliveries in the Consumer segment and 213 electricity deliveries in the Business segment. The additional growth is from the acquisition of Vesterålskraft Strøm. The number of electricity deliveries in the Consumer and Business segments at the end of Q3 2019 was 619,455. At the end of the third quarter 2019, Extended Alliance comprised 32,033 electricity deliveries. One new partner, Orkland Energi, is included in the Extended Alliance this quarter, while the customers of Vesterålskraft Strøm is now part of the Consumer and Business segments, following the recent acquisition. In total, the Group had 651,488 electricity deliveries at the end of the third quarter 2019. This is an increase of 21,679 electricity deliveries compared to the end of the third quarter 2018. "We are very satisfied with a growth of nearly twelve thousand electricity deliveries in the Consumer and Business segments this quarter, and the fact that we are growing both organically and through acquisitions is particularly satisfying. Through the acquisition of Vesterålskraft Strøm we get hold of the entire customer relationship, and not only the service offering we had through Extended Alliance" says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 11,177 in the third quarter of 2019, reaching a total of 92,271 subscriptions at the end of the period. "The launch of the mobile service has been a fantastic journey for us, and this is the highest quarterly growth in number of subscribers since the second quarter of 2017. This proves that we are an attractive challenger to the more established players in the industry" says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526