Statkraft - Adjusted dividend distribution for 2010

In connection with the Revised National Budget for 2011, released by the Norwegian Government today, Statkraft is informed that the dividend from Statkraft to the Norwegian state has been set at NOK 7985 million, an increase of NOK 2.8 billion from the previously announced NOK 5185 million, due to improved financial results of 2010 relative to earlier estimates. The adjusted dividend equals 85 per cent of Group profit after tax and minority interests, adjusted for unrealised gains and losses.

Statkraft SF is the parent company of Statkraft AS and the proposed dividend will determine the allocation of profit made by Statkraft AS.

Contacts:
Stein Dale, CFO, tel.: +47 24 06 72 11 / +47 450 02 111
Johan Ailo Kalstad, Investor Relations, tel.: +47 24 06 84 81 / +47 952 45 568