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2015-12-16

Statkraft AS: Statkraft AS - Reduced investment plan

(Oslo, 16 December 2015)Statkraft AS has adjusted its investment plan to the
new financial terms. The
most material change is that Statkraft no longer will invest in new offshore
wind projects. Some international hydropower projects may also be postponed.

"Offshore wind power is capital intensive. The reduced financial terms from
the owner entail that it is not possible for Statkraft to invest in new
offshore wind projects", says CEO Christian Rynning-Tønnesen.

The investment plan is adjusted in order to balance the goal of profitable
growth within renewable energy with Statkraft's financial solidity.

For additional information:
SVP Investor Relations Thomas Geiran, tel.: +47 905 79 979,
e-mail:thomas.geiran@statkraft.com

Press spokesperson Knut Fjerdingstad, tel.: +47 901 86 310,
e-mail:knut.fjerdingstad@statkraft.com

SVP Corporate Communication Bente E. Engesland, tel.: +47 911 59 952,
e-mail:bente.engesland@statkraft.com

Statkraft is a leading company in hydropower internationally and Europe's
largest generator of renewable energy. The Group produces hydropower, wind
power, gas-fired power and district heating and is a global player in energy
market operations. Statkraft has 4200 employees in more than 20 countries.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Statkraft AS via Globenewswire

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