NORWEA – DRIFTSRISIKO INNEN VINDKRAFT Lilleaker – Eivind Torblaa, Head of Asset Management, Wind

3300 EMPLOYEES... 89% 283 POWER AND DISTRICT HEATING PLANTS 33% OF NORWAY’S POWER GENERATION RENEWABLE ENERGY...IN MORE THAN 20 COUNTRIES WITHIN RENEWABLES IN EUROPE No. 1

Small-scale hydropower DELIVER GROWTH IN PURE ENERGY Flexible European generation and market operations Wind power International hydropower District heating 3

STATKRAFT’S WIND POWER STRATEGY Continue onshore development and expand into offshore wind power Geographic focus on the North Sea Area Full value chain participation, with main focus on securing sites and projects in early stage developments 4

5 Statkraft presentation GROWTH IN ONSHORE WIND POWER NORWAY In operation : 245 MW Under development: ~2500 MW (SAE Vind) SWEDEN In operation: 10 MW Under construction: 145 MW Under development : ~1800 MW (Industrial partnerships) UK In operation: 23 MW Under construction: 52.5 MW Under development: ~200 MW

Hitra 24 wind turbines á 2,3 MW Installed capacity 55 MW Annual output: 138 GWh In operation since 2004 Smøla 68 wind turbines á 2 og 2,3 MW Installed capacity 150 MW Annual output: 356 GWh In operation since 2002 and 2005 Kjøllefjord 17 wind turbines á 2,3 MW Installed capacity 40 MW Annual output: 119 GWh In operation since 2006 IN OPERATION, NORWAY

Totoral, Chile (SNPower) Alltwalis, UK Em, Sweden 10 wind turbines á 2,3 MW Installed capacity 23 MW Annual output: 64 GWh In operation since wind turbines á 2,0 MW Installed capacity 46 MW Annual output: 106 GWh In operation since wind turbines á 2,3 MW Installed capacity 6,3 MW Annual output: 23 GWh In operations since 2011 IN OPERATION, ABROAD

SCIRA - FIRST OFFSHORE POWER sid e 8 August 2, 2011

OFF-SHORE SUB-STATIONS sid e 9 Two sub-stations Transforms 33 kV to 132 kV Weight: 900 tons

sid e 10 SHERINGHAM SHOAL VINDPARK Nøkkeldata: 88 vindturbiner – Siemens 3,6 MW To offshore substasjoner (koblingsstasjoner) Substasjon i Salle 317 MW installert kapasitet 1,1 TWh estimert årsproduksjon Tidsplan: Legging av landkabel i 2009 Installasjon av fundamenter og sjøkabler i 2010 Installasjon av turbiner i 2011 Prognose for ferdigstillelse Q Prosjektledelse under bygging: Statoil Driftsansvarlig: Scira Offshore Energy Ltd. Døgnkontinuerlig overvåking og avmelding: Statkraft

BAILLIE WIND FARM, SCOTLAND Installed capacity 52.5 MW Wind turbines21 turbines Annual generation170 GWh Statkraft’s ownership :80 % Partner (20 %): Local partners

MÖRTTJÄRNBERGET, SWEDEN Installed capacity 85 MW Wind turbines37 turbines Annual generation280 GWh Statkraft’s ownership :60 % Partner (40 %): SCA

STAMÅSEN 1, SWEDEN Installed capacity 60 MW Wind turbines26 turbines Annual generation200 GWh Statkraft’s ownership :60 % Partner (40 %): SCA

STATKRAFT’S WIND POWER ACTIVITES Norway In operation: 245 MW Under development: ~2500 MW Sweden In operation: 9 MW Under development: ~1800 MW UK - onshore In operation: 23 MW Under development: ~200 MW UK - offshore Under construction: ~157 MW Under development: ~2300 MW 14

TSA BOP Capex O&M Main components Insurance Tax Land rent Imbalance cost Grid costs Opex Project characteristics Wind, topography, grid, roads, conflict level etc Turbine category, size, height Frame work conditions LCOE CAPITAL INTENSIVE WITH LOW MARGINS 15

OPERATIONS EXPERIENCE Lower yearly production than expected More repair work of main components than expected High availability achieved Positive experience with internalizing the O&M work Synergies between hydro and wind Introduction of WMS Plan to introduce the Day 1 concept over the next few years Grid tariffs extremely high in certain regions Eg) Kjøllefjord in Finnmark 16

CURRENT MAIN O&M FOCUS - RDS-PP AND RCM  Taken important decision to implement RDS-PP to all wind power plants in Norway in  Summer 2010 starting to convert old EBL code to RDS- PP.( tag)  Post converting to RDS-PP, RCM methodology introduced. 17

St atk raf t pr es ent asj on 18 Zonal Breakdown of F1 Digits A transformation of wind energy to electrical power through mechanical energy.

WORKING GROUP MEMBERS DONG Energy E.ON Statkraft Statoil Centrica Siemens Wind Power Potensial New Group Members. Vestas. Nordex. Vattenfall. RWE. 19

RCM RCM analysis creates basis for the preventive maintenance plan Performed RCM analysis on three wind farms in Kjøllefjord, Hitra and Smøla carried out with good result 20

PA’S ANNUAL BENCHMARKING SURVEY 21

side 22STATKRAFT 2008 Thank you THANK YOU FOR YOUR ATTENTION!

Doggerbank Water depth metres Agreed 9GW target installed capacity Zone has potential for 13GW, or c.10% of UK electricity needs Zone located km off Yorkshire coast Extends over nearly 9,000 km² Equivalent in size to North Yorkshire June 2011