Sale of Sarpsfoss Limited completed

11 Apr 2025 11:30 CEST

Orkla announced on 24 January 2025 that it had entered into agreements to sell
its entire hydro power portfolio in two separate transactions. Hafslund AS
(90%) and Svartisen Holding AS (10%) have now acquired Sarpsfoss Limited.

The transaction was completed today, following approval by the relevant
competition authorities and the Norwegian Ministry of Energy. The underlying
assets consist of run-of-the-river hydro power production in Sarpefossen and
Mossefossen, with a combined average annual production of 536 GWh.

The release, dated 24 January 2025 is available here:
https://newsweb.oslobors.no/message/637067

The transaction will have accounting effect from 1 April 2025.

As regards the transaction involving Å Energi's acquisition of Orkla Energi AS
and Trælandsfos Holding AS, the required regulatory approvals have now been
obtained. Completion of this transaction will be announced to the market once
it is concluded.

About Orkla ASA
Orkla ASA is a leading industrial investment company within brands and
consumer-oriented businesses. At present, Orkla has 10 portfolio companies.
The company takes a long-term and strategic approach to its investments,
creating value by combining brand expertise with an investment company
mindset. Orkla is listed on the Oslo Stock Exchange and is headquartered in
Oslo, Norway. The Group had a turnover of NOK 70.7 billion in 2024 and has
approximately 19,000 employees.

About Hafslund AS
Hafslund is an energy and infrastructure group consisting of three business
areas, all working towards a world in balance with renewable energy. Hafslund
owns and operates 81 hydro power plants, amounting to 21 TWh, from four power
production areas: Aurland, Hallingdal and Valdres, Innlandet and Glomma.
Hafslund AS is 100% owned by the Oslo municipality.

About Svartisen Holding AS
Svartisen Holding is a Norwegian entity owned by three Finnish utilities; i)
Vantaan Energia Oy, ii) Oy Turku Energia - Åbo Energi Ab and iii)
Keskusosuuskunta Oulun Seudun Sähkö. Svartisen Holding AS owns 55 year
off-take rights related to the Svartisen hydro power plant in Meløy and 10% of
Hafslund Produksjon Holding AS.

Orkla ASA
Oslo, 11 April 2025

Ref.:
SVP Investor Relations & Communication
Annie Bersagel
Mobile: +47 986 03 664
Email: annie.bersagel@orkla.no

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-04-11 11:30 CEST.

More information:
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