Statkraft ASPO Box 200, LilleakerNO-0216 OsloStreet address: Lilleakerveien 6

Telephone: +47 24 06 70 00Fax: +47 24 06 70 01info@statkraft.no

www.statkraft.com

AU

GU

ST 2

01

4 D

ESIG

N: A

RTB

OX P

RIN

T: RK

GR

AFIS

K

A LEADER IN INTERNATIONAL HYDROPOWERBased on a 100 years of hydropower experience, Statkraft develops renewable energy from hydro, wind and biomass. The Blåsjø reservoir represents the power and flexibility of modern hydropower.

Providing pure energyIn a world facing major climate challenges, Statkraft’s core product is more in demand and valuable than ever before. Statkraft’s ambition is to strengthen its position as a leading international provider of pure energy.

Statkraft will follow two main paths:

Participate in Europe’s transition to cleaner power production

Build new, clean electricity generation in emerging markets1 2

➔ Competent Using knowledge and experience to achieve ambitious goals and be recognised as a leading player.

➔ ResponsibleCreating value, while showing concern for employees, customers, the environment and society in general.

➔ InnovativeThinking creatively, identifying opportunities and developing effective solutions.

Statkraft’s strategy is based on five focus areas:

➔ European flexible generationConsists of hydropower in the Nordics, on the Continent and the UK, as well as gasfired power plants.

➔ Trading & Origination (T&O)Statkraft’s T&O activities have demonstrated strong value creation in the European market. Going forward, Statkraft intends to

develop T&O activities in selected emerging markets where Statkraft has assets and exploit new business opportunities in a transforming European energy market.

➔ Hydropower in emerging marketsStatkraft aims at building operations in South-East Europe, South America and South Asia, and develop a diversified portfolio of profitable hydropower assets in lower-income countries with high growth potential.

➔ Wind power in Norway, Sweden and the UK

Main focus for onshore wind power in the Nordics will be on ongoing projects. Statkraft’s ambition in offshore wind power is to establish the role as a lead operator in Northern Europe.

➔ District heating in Norway and SwedenFocus is to further develop profitability and portfolio optimisation.

Five strategic areas

Our values

Statkraft in numbers

HYDROPOWERThe majority of the Statkraft Group’s energy production is generated through hydropower. Production takes place in more than 370 hydropower plants in Europe, South America, Africa and Asia. The Statkraft Group is also constructing new hydropower plants in Norway, Albania, Turkey, Panama and Peru.

DISTRICT HEATINGStatkraft is focusing on district heating, based on environment-friendly energy sources. In Norway, the Statkraft Group operates district heating plants in 12 different locations. The company also operates four district heating plants in Sweden.

BIOMASS POWERStatkraft is the owner of two biomass power plants in Germany. The biomass power plants are exclusively fuelled by shredded scrap wood. The utilisation of wood as fuel is CO2-neutral.

WIND POWERWind power is one of the most environment-friendly forms of energy available for use in large-scale energy production. Statkraft operates onshore wind farms in Norway, Sweden and the UK and has a range of projects under development and construction. In the UK, Statkraft is also involved in the development, construction and operation of large offshore wind farms.

GAS POWERStatkraft owns three modern gas-fired power plants in Germany and has shareholdings in two other gas-fired plants, one in Germany and one in Norway. We believe our gas-fired power plants will play an important role in balancing the still growing renewable power generated from wind and sun.

UNITED KINGDOM

Hydropower operation. Development, construc-tion and operation of on- and offshore wind power together with partners. Trading activities.

THE NETHERLANDS

Trading activities

NORWAY

Development, construction and operation of hydropower, wind power and district heating. Operation of gas power through Naturkraft AS. Trading activities.

SWEDEN

Operation of hydropower and district heating, in addition to wind power development, construction and operation. Trading activities.

PERU

Hydropower construction and operation

CHILE

Hydropower operation through JV

BELGIUM

Treasury Centre

Hydropower construction and operation. Trading activities.

TURKEY

ALBANIA

Hydropower construction

INDIA

Hydropower development and operation through JV. Trading activities.

NEPAL

Hydropower operation through JV

LAOS

Hydropower operation

THAILAND

Office

SRI LANKA

Hydropower operation through JV

SINGAPORE

SN Power office

THE PHILIPPINES

Hydropower through SN Power

VIETNAM

SN Power office

ZAMBIA

Hydropower through SN Power

BRAZIL

Hydropower, wind power and biomass development and operation through JV. Trading activities.

FRANCE

Hydropower development

PANAMA

Hydropower through SN Power

Trading activities. Offices in Bulgaria, Romania and Serbia.

SOUTHEAST EUROPE

GERMANY

Operation of hydropower, gas power and biomass power. Trading activities.

➔ Statkraft can trace its history back to 1895, when the Norwegian state acquired its first waterfall for the purpose of hydropower production. Later, after the turn of the century, expansion of power-intensive industry was the driving force behind the construction of several hydropower plants in Norway.

➔ After the Second World War the authorities in Norway wanted to realise the enormous potential offered by unutilised hydropower resources, and this second major period of expansion lasted until the mid 1980s.

➔ In 1991, the Norwegian power market was the first power market in the world to be deregulated. Statkraft was established in 1992 to take charge of the Norwegian state’s power production and sales. A national power exchange was also established.

➔ The company has been growing for more than 20 years. Statkraft has invested in several regional power companies in Norway.

➔ Statkraft has had a presence in Sweden since 1996, and has had its own power generation facilities since 2005. In 1998 the company expanded its trading activities to cover the European continent through the establishment of trading offices in the Netherlands and Germany.

➔ Statkraft opened its first wind power facility in Smøla, Norway in 2002.

➔ District heating in Statkraft started with the acquisition of Trondheim Energiverk in 2002, currently expanded to cover nearly 20 locations in Norway and Sweden.

➔ Statkraft and Norfund established SN Power in 2002, to develop hydropower in emerging markets.

➔ The opening of gas-fired plants in Germany in 2007 marked an important milestone. It gave Statkraft its first own production capacity on the European continent, reinforcing the power trading activities.

➔ In 2008 Statkraft added 53 hydropower plants to its power plant portfolio, and became the largest renewable energy generator in Europe.

➔ Statkraft entered the Turkish electricity market in 2009 and is now operating one and constructing two hydropower plants in Turkey.

➔ In 2012 Sheringham Shoal Offshore Wind Farm, of which Statkraft owns 50 per cent, opened. This is Statkraft’s first offshore wind power facility.

➔ In 2014, the South-American and South-Asian activities of SN Power was operationally integrated into Statkraft.

More than 100 years of renewable energy

➔ European market leader in renewable energy

➔ Ownership in almost 400 power plants with a total capacity of 17 600 MW.

➔ The hydropower plants have a total annual generation capacity just above 50 TWh.

➔ Develops and generates hydropower, wind power, gas power, biomass power and district heating.

➔ A leader in onshore wind power in Norway and Sweden, and a significant player in the development of offshore wind farms in the UK.

➔ Investing in innovation and new energy solutions.

➔ A significant player at the European energy exchanges with cutting-edge expertise in physical and financial energy trading.

➔ Develops hydropower in emerging markets outside Europe directly and through SN Power.

➔ 3 600 employees and active in more than 20 countries.

➔ More than 100 years of experience as a generator of pure energy.

➔ Wholly owned by the Norwegian state. ➔ Gross operating revenues of NOK 47.5 billion in 2013.

Facts and figures per July 2014. Please visit www.statkraft.com for updates.

Statkraft at a glancePure energy from numerous sources

400 20 500 000 power plants around the world

Almost More than

countries

Present in more than

energy related contracts traded per yearStatkraft

SN Power/Agua Imara