Results for Q3 2022

Underlying EBIT - Segments Quarter MNOK 7,956 8,128 16 1,342 Q3 2021 Q3 2022 -118-170 349 -42 -38 -315 705 565 • European flexible generation - - Improved contribution from Baltic Cable Norwegian hydropower lower due to low generation and hedging losses • Market operations - Strong contribution from trading and origination -243 -553 Other activities/ - Dynamic asset management negative, but significant improvement • European wind and solar Lower power prices in NO3 and SE2 price area and hedging losses Higher business development cost in line with growth strategy 2021 included gains from divestments • Industrial ownership High power prices in the NO2 area more than offset by lower generation -3,997 European Market International flexible operations generation power European wind and solar District heating Industrial ownership group items Statkraft

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