2013-03-14 08:07:51 -

(Oslo,  14 March 2013)The leased  power plants  Sauda I-IV,  Svelgen I and II as
well  as Tysso II are transferred from  Statkraft SF to Statkraft Energi AS. The
power plants have a total installed capacity of 620 MW. The transfer takes place
as  a contribution in kind and the transaction  will be carried out in the first
half of April this year.

During the reorganisation of the Statkraft Group in 2004, the power plants that
were leased to businesses in the power-intensive industry remained in Statkraft
SF. Due to statutory licence provisions, these power plants were not transferred
to Statkraft Energi AS at the time, unlike the other Norwegian hydropower
plants. In the agreements and other documentation relating to the
reorganisation, it   was assumed that these power plants would be transferred as
soon as licensing statutes permitted.

Following the amendment of the Industrial Licensing Act in 2010, there are no
longer any legal licence-related obstacles to transferring the leased power
plants to Statkraft Energi AS.

"There are major ownership-related and practical advantages in gathering all the
Norwegian power plants formerly owned by the state in Statkraft SF in Statkraft
Energi AS. With this transfer, we are completing the reorganisation of Statkraft
as originally intended," says executive vice president Asbjørn Grundt.

Under  the transfer, Statkraft Energi AS takes over all of Statkraft SF's rights
and obligations in connection with the power plants. The transfer will therefore
not  have  any  consequences  for  the  lease  agreements,  the  lessees  or the
municipalities  in which the power plants  are located. Statkraft Energi AS will
take  over the newbuilds of the lessees in the power plants at a price agreed in
advance  when the  lease period  expires in  2031. The Ministry of Petroleum and
Energy  has granted an exemption from the licence requirements and right of pre-
emption in connection with the transfer.


Statkraft  is  Europe's  leader  in  renewable  energy.  The  Group develops and
produces  hydropower, wind power, gas power and district heating, and is a major
player  on the European  energy exchanges. Statkraft  has 3500 employees in more
than 20 countries.


For additional information:
Executive vice president Asbjørn Grundt, phone: +47 24 06 73 68 / +47 918 40 664

or www.statkraft.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



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Source: Statkraft via Thomson Reuters ONE
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