Hafslund Eco Hydropower Portfolio

A stabilizing contribution from 50 % stake in Eidsiva Regulated grid business > 80% of EBIT from regulated grid business, Elvia Income framework model sets regulated income Largest regional grid in Norway Diversified operations Norway's third largest heating company Well positioned for significant growth within fiber Minimum MNOK 1000 from Eidsiva, increasing with CPI Dividend policy 60-90% of underlying profit from Hafslund Eco Vannkraft Dividend from shareholder agreements. 26

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