Acceptable result in spite of lower prices

(Oslo, 18 February 2010) Lower power prices and reduced production in Norway resulted in Statkraft's underlying (1) operating profit for 2009 falling to NOK 9947 million (NOK 12 029 million) (2), and to NOK 3770 million in the fourth quarter (NOK 4072 million). The underlying profit before tax amounted to NOK 10 654 million (NOK 11 960 million), and NOK 3986 million in the fourth quarter (NOK 3541 million).