In the second quarter of 2018, the number of electricity deliveries in the Consumer and Business segments increased by 63,432. The TrønderEnergi Marked acquisition represented a growth of 60,879 deliveries, while organic growth in the period amounted to 2,553 deliveries. The number of electricity deliveries in the Consumer and Business segments at the end of Q2 2018 was 595,627. Extended Alliance had a growth of 3,863 electricity deliveries in the second quarter of 2018, and comprised 25,851 electricity deliveries at the end of the second quarter of 2018. In total, the Group had 621,478 electricity deliveries at the end of the second quarter 2018. This is an increase of 95,056 electricity deliveries compared to the end of the second quarter 2017. "The acquisition of TrønderEnergi Marked is strengthening our position in the Trøndelag area. We are also happy with our organic growth, especially given the recent market conditions with high electricity prices," says Rolf Barmen, CEO of Fjordkraft. The number of mobile subscriptions grew by 7.567 in the second quarter of 2018, reaching a total of 56,936 subscriptions at the end of the period. "Our mobile offering is attractive, and for electricity customers in particular. Looking at our rapid growth in number of mobile subscriptions, it is clear that there was a need for increased competition in the mobile industry," says Barmen. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526

Highlights Q1 2018 - Adjusted net revenue of 314 NOKm, representing a 16% YoY growth. - 13% YoY increase in volume sold due to growth in number of deliveries and colder than normal weather. - Adjusted EBIT of 146 NOKm, up 3% YoY. - Positive organic growth in all segments. - The acquisition of TrønderEnergi Marked was completed 18th April. The results will be presented at 08:30 CEST by CEO Rolf Barmen and CFO Birte Strander. The presentation will take place at Felix Konferansesenter, Bryggetorget 3, 0125 Oslo. The presentation will be held in English and will be webcasted at investor.fjordkraft.no. For further queries, please contact: Morten A. W. Opdal, 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

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q1 2018 report on Tuesday 8 May 2018. Release: Time: Tuesday 8 May 2018 at 07.00 CEST Interim report and presentation material will be released and made available on the investor relations pages at https://investor.fjordkraft.no/ Results Presentation: Time: Tuesday 8 May 2018 at 08.30 CEST Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: http://webtv.hegnar.no/presentation.php?webcastId=82821532 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 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.