Capital Increase

23 Mar 2023 21:21 CET

On 15 March the Board in Småkraft decided on and approved a private placement
that will increase the share capital with NOK 5,709,000 from NOK 245,513,250 to
NOK 251,222,250. The total capital increase amounts NOK 248,396,102. An
extraordinary general meeting on 21 March approved the capital increase. The
capital increase is a debt conversion of a subordinated shareholder loan in EUR,
whereas the share capital contribution shall be settled by way of set off
against receivables. The capital increase finances small scale
hydro power plants that Småkraft has acquired.

Contact: Erik Røysem Sterud, Chief Financial Officer, +47 911 63907

About Småkraft:

• Småkraft owns and operates more than 200 power plants in Norway and Sweden and
is currently the largest small-scale power plant operator in Europe.
• Småkraft collaborates with over 850 landowners throughout Norway and produces
more than 2000 GWh of renewable energy each year, enough to cover the annual
electricity consumption of more than 100,000 households.
• Småkraft has 31 employees at offices in Bergen, Sandnes, Lillestrøm, Harstad,
Flatanger, Verdal, Oslo and Uppsala (Sweden)

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