On behalf of Mondrian Investment Partners Limited ("Mondrian"), Mondrian hereby notifies you that on behalf of its discretionary investment clients, it has a notifiable interest in Fjordkraft Holding ASA ("the company"). The total number of voting shares held by Mondrian on behalf of its discretionary investment clients on 01 July 2020 was 6,020,588 which represents 5.76% of the issued share capital and voting rights of the company. Mondrian crossed the notification threshold of 5% following trades executed via an accelerated book build on 01 July 2020. Any interest held by Mondrian in Fjordkraft Holding ASA shares is derived solely through its role as a non-custodial discretionary investment manager.

BKK AS ("BKK") has today sold 8,000,000 shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 7.65 per cent of the share capital in the Company, at a price of NOK 74.50 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA. After the transaction, BKK owns 7,933,066 shares, representing 7.59 per cent of the share capital in the Company. BKK is represented on the Board of Directors in Fjordkraft. BKK has entered into a customary lock-up agreement valid for 60 days for its remaining shares in the Company. Contact: BKK AS Anne Marit Steen, CFO +47 90 91 95 79 anne.marit.steen@bkk.no

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL ABG Sundal Collier ASA (the "Manager") has been retained by BKK AS ("BKK") to explore the sale of approximately 8 million existing shares in Fjordkraft Holding ASA (the "Company" or "Fjordkraft"), representing 7.6% of the share capital in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process. The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Manager. A further announcement will be made following pricing of the shares in the Placing. BKK reserves the right, at its own discretion, to sell fewer shares or no shares at all. BKK currently holds 15,933,066 shares in the Company, representing 15.2% of the share capital in the Company. BKK is represented on the Board of Directors in Fjordkraft. BKK will enter into a customary lock-up agreement valid for 60 days for its remaining shares in the Company not sold in the Placing. For further information, please contact: ABG Sundal Collier: +47 22 01 60 13