Statkraft AS - Adjusted dividend distribution for 2009

In connection with the Revised National Budget for 2010, released by the Norwegian Government today, Statkraft is informed that the dividend from Statkraft to the Norwegian state has been set at NOK 4189 million, an increase by NOK 449 million from the previously reported NOK 3740 million. 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, where necessary adjustments to the accounts will be made.

Contacts:

Stein Dale, CFO, tel.: +47 24 06 72 11 / +47 450 02 111

Yngve Frøshaug, VP Investor Relations, tel.: +47 24 06 78 76 / +47 900 23 021

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)