Highlights Q2 2018 - Adjusted net revenue of 242 NOKm, representing 18% YoY growth - 15% YoY growth in number of electricity deliveries, of which 3 % organic - Adjusted EBIT of 78 NOKm, up 4% YoY - Significant drop in NWC, as volume is seasonally lower and effects from last quarter normalise - Acquisition of Oppdal Everk's customer portfolio - closing expected October 1st - The increase in net revenue is due to both improved margins and a 15% YoY growth in number of deliveries. This proves Fjordkraft's success in distribution, product management and margin improvement, and is in line with our strategy, says CEO Rolf Barmen. The warmer than normal weather affects electricity consumption, and average volume per delivery in the second quarter decreased by 5% YoY in the Consumer segment and 4% YoY in the Business segment. Still, total volume in the quarter increased by 8% YoY, as a result of the 15% YoY growth in number of electricity deliveries. -Elspot prices in the second quarter of 2018 have been higher than normal, and we can see an increase in customer enquiries because of the price level. We are very pleased with our organic growth in the current market situation, says Barmen. The results will be presented at 08:00 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, Head of Controlling and Investor Relations, +47 970 62 526 Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. Fjordkraft supplies electricity to an estimated more than 1.3 million people through ca. 600,000 delivery points in households, businesses and public entities across Norway.

We hereby invite you to participate at the presentation of Fjordkraft Holding ASA's Q2 2018 results on Thursday 30 August 2018. Release: Time: Thursday 30 August 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: Thursday 30 August 2018 at 08.00 CEST Location: Felix Konferansesenter, Bryggetorget 3, 0125 Oslo The presentation will be webcasted live at: http://webtv.hegnar.no/presentation.php?webcastId=92034157 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. Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. Fjordkraft supplies electricity to an estimated more than 1.3 million people through ca. 600,000 delivery points in households, businesses and public entities across Norway.

Fjordkraft (OSE ticker «FKRAFT») has entered into a Share Purchase Agreement with TrønderEnergi AS to purchase 100% of the shares of Oppdal Everk Kraftomsetning AS. Oppdal Everk Kraftomsetning AS will be demerged from Oppdal Everk AS and will consist of about 5,200 electricity deliveries. 2017 revenue from the electricity retail operations amounted to 32 NOKm. The transaction is expected to be completed October 1 2018, and supports Fjordkraft's strategy as acting as a consolidator in the electricity market. - This is a good follow-up on the agreement we made in March with the acquisition of TrønderEnergi Marked AS and its associated customer portfolio. We are adding these customers to our existing customer portfolio in the region, CEO Rolf Barmen explains. In April, the Norwegian Competition Authority approved Fjordkraft's acquisition of TrønderEnergi Marked AS with its associated customer portfolio of approximately 61,000 electricity deliveries. The new customer base is combined with the existing and is operated in Fjordkraft's operating environment through the subsidiary TrøndelagKraft. The group has a regional office in Trondheim. For queries, please contact: Morten A. W. Opdal, Head of Controlling and Investor Relations, +47 970 62 526 Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. Fjordkraft supplies electricity to an estimated more than 1.3 million people through ca. 600,000 delivery points in households, businesses and public entities across Norway