Statkraft SF confirms its interest for E.ON AG's stakes in German energy companies EWE AG and Verbundnetz Gas AG (VNG)

One of Europe's largest wind farms to be established



(Oslo 7 October 2003) Smøla Wind Farm in the Norwegian county of Møre og Romsdal is to be expanded by up to 55 windmills, making it one of the largest wind farms in Europe. It will have up to 75 windmills, with a total installed capacity of around 150 MW - equal to an annual production of some 450 GWh, or the electricity requirements of approx. 20,000 households.

(Oslo 28 August 2003) The Norwegian Water Resources and Energy Administration (NVE) has today granted Statkraft a licence for Kjøllefjord wind park in Lebesby municipality in Finnmark. This is Statkraft's first licence in Finnmark, a county that is considered to be extremely favourable for windpower. Kjøllefjord wind park will make a considerable contribution to Statkraft's commitment to being a European leader in environmentally friendly energy. The wind park will be able to generate around 155 GWh each year, enough for the annual electricity consumption of around 7,500 households.

• Pre-tax income of NOK 277 million and net income of NOK 108 million for the 2nd quarter
  

• The 2nd quarter result is slightly weaker than the 2nd quarter result for 2002
  

• The average price on the power exchange fell from NOK 0.524 per kWh in January to NOK 0.202 per kWh in June
  

• The high volume of power sales during the first quarter produced an overall strong half-year result
  

• Increased financial costs as a result of last year's major investments.

Strong financial result for

Statkraft in 1st quarter

• Pre-tax income NOK 2,668 million and net income NOK 1,700 million
  

• Strong improvement in result compared to 1st quarter of 2002 due to higher prices
  

• Higher financial costs subsequent to last year's significant investments
  

• The average price fell from NOK 0.524 per kWh in January to NOK 0.31 in March
  
  
  

• Pre-tax revenue NOK 4,098 million and net income for the year NOK 2,478 million
  

• Pre-tax return on equity 13.0 per cent, after tax 7.8 per cent
  

• Total assets rose to NOK 89 billion due to acquisitions of interests in other companies

(Oslo/Stockholm, March 7th. 2003) Statkraft SF has acquired ABB Financial Energy Aktiebolag from ABB Financial Services AB. The company has been renamed Statkraft Financial Energy AB, with its office in Stockholm, Sweden.