Reference is made to the stock exchange notice from Fjordkraft Holding ASA ("Fjordkraft") on 22 September 2020 regarding the acquisition of 100% of the shares in Innlandskraft AS ("Innlandskraft") from Gudbrandsdal Energi Holding AS ("GEH") and Eidsiva Energi AS.
In connection with the settlement of 50% of the purchase price of Innlandskraft, Fjordkraft will issue 9,695,584 shares in Fjordkraft to GEH. Following receipt of the new shares, GEH will own a total of 9,695,584 shares in the Company, equal to 8.48 % of the outstanding shares and voting rights in Fjordkraft.
This information is subject to the disclosure requirements pursuant to Section 4-3 the Norwegian Securities Trading Act