Investor Presentaiton

2022 guidance Power Production¹ Production - GWh EBITDA - NOK million • • Q1'22 Q2'22 FY2022 868 860-960 3,850 - 4,150 2,300 - 2,600 EBITDA guidance down NOK 400 million to reflect Ukraine - write down of receivables in Q1 and zero underlying EBITDA in 2022 In the Philippines production in Q2 2022 is forecasted about 20% higher than 5-year average Services & Corporate Services 2022 EBITDA is expected slightly above 2021. Corporate 2022 EBITDA is expected slightly below 2021 25 (1) Proportionate production volume based on production from plants in operations at the end of Q1'22. EBITDA based on currency rates as per year end of Q1'22.

View entire presentation