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 up to 7,933,066 existing shares in Fjordkraft Holding ASA
(the "Company" or "Fjordkraft"), representing 6.94% 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 7,933,066 shares in the Company, representing 6.94% of the
share capital in the Company, and assuming all shares offered in the Placing are
sold, BKK will no longer hold any shares in Fjordkraft. Birthe Iren Grotle, an
employee of BKK, is a member of the board of directors in Fjordkraft.

For further information, please contact:
ABG Sundal Collier: +47 22 01 60 11

Click here for more information

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