Hafslund in brief

Rune Bjerke (b. 1960)

President and CEO

Mr. Bjerke became President and CEO of Hafslund ASA in August 2000. Before joining the company, he served as President and CEO of Scancem International, where he previously headed the international cement company’s Asia trading activities and was the company’s CFO. Rune Bjerke has also served as finance commissioner of the City of Oslo and advisor to Norway’s Ministry of Petroleum and Energy. Mr. Bjerke is a board member of Tomra Systems ASA and Renewable Energy Corporation (REC), and a past board member of several companies, including Storebrand ASA and Statoil ASA (deputy board chairman), and Energibedriftenes landsforening (EBL). He has a degree in economics from the University of Oslo, and holds a masters degree in Public Administration (MPA) from Harvard University. Mr. Bjerke and parties closely related to him own 2,973 Class B Hafslund shares.

Christian Berg (b. 1969)

Deputy CEO, CFO, and Group Senior Vice President, Treasury

Mr. Berg was appointed Deputy CEO on 1 September 2005. He has been with Hafslund since 1998. Berg became Hafslund ’s CFO in 2001; previously he served as manager of the Group’s Financial Investments business. Mr. Berg has worked for Price Waterhouse, where he was a corporate finance advisor. He has also served as general manager of the investment company Brothers AS. Mr. Berg is a board member of Brothers AS, Støa AS, Danske Capital Norge AS, EAS, Einar Film og Fortellinger AS, and Oslo Pensjonsforsikring. Christian Berg holds an MBA degree from the Norwegian School of Economics and Business Administration. Berg and parties closely related to him own 12,973 Class B Hafslund shares.

Per Kristian Olsen
(b. 1950)

Group Senior Vice President, Heat and Infrastructure

Since September 2005, Mr. Olsen has served as Group Senior Vice President, Heat and Infrastructure. He joined Hafslund in March 2002 as Group Senior Vice President in charge of the Network business area. Mr. Olsen serves on the industrial policy committee of Energi bedriftenes landsforening (EBL). Educated as an engineer at Østfold College of Engineering, Per Kristian Olsen received both his degree in business administration and his Masters in Management from the Norwegian School of Management. Mr. Olsen and parties closely related to him own 15,173 Class B Hafslund shares.

Bjørn Frogner (b. 1962)

Group Senior Vice President, Technical Services

Mr. Frogner has served as Group SVP, Technical Services since September 2005. Until that point he was Group Senior Vice President, Business Development; prior to that Frogner was Group Senior Vice President in charge of Hafslund’s Contracting and Security business area, a position he held until November 2003. Bjørn Frogner began working for Hafslund as Group staff manager in 2001. Before joining Hafslund, he served as administration and finance manager of the printing firm Schibsted Trykk. Previous experience includes serving as finance manager with Veidekke (construction), and with KPMG. He received his business administration degree from the Oslo School of Management. Mr. Frogner and parties closely related to him hold 6,773 Class B Hafslund shares.

Cato Haugen (b. 1970)

Group Senior Vice President, Private

Mr. Haugen was appointed Group Senior Vice President, Private in September 2005. Since September 2004, Cato Haugen was in charge of Hafslund’s retail-market sales of electric power and security products and services. Haugen joined Hafslund in 2001 as Managing Director of Hafslund Sikkerhet Private AS; he had been a founder of one of the security companies that was a core component of Hafslund Sikkerhet. Cato Haugen holds a degree in business administration from the Norwegian School of Management. Mr. Haugen and parties closely related to him own 15,000 Class A Hafslund shares and 86,773 Class B Hafslund shares.

Tove Pettersen (b. 1970)

Group Senior Vice President, Corporate

Ms. Pettersen was appointed Group Senior Vice President, Corporate in September 2005. Previously, she was Group Senior Vice President, Markets, a position she took over in the autumn of 2003 after having served as Group Vice President, Power Sales. Tove Pettersen joined Hafslund in 1997 from Hedmark Energi. Until 2003, Tove Pettersen played a key role in Hafslund’s industrial investments and power trading activities. Tove Pettersen is a board member of Energibedriftenes landsforening (EBL) and Eidsiva Vekst AS. She holds an MBA from the Norwegian School of Economics and Business Administration. Tove Pettersen and parties closely related to her own 6,346 Class B Hafslund shares.

Ingeborg Aass Holten
(b. 1961)

Group Senior Vice President, Organizational Development

Ingeborg Aass Holten joined Hafslund as Group Senior Vice President, Organizational Development in May 2004. She joined Hafslund from Accenture, where she had been an Associate Partner from August 1997. Her previous work experience includes heading Volvo Personbiler Norge AS’s training and HR activities, serving as head of Securitas AS’s training department, and working as a training consultant at UNISYS. Ms. Holten is a board member of Delphi Consulting, HR-Norge, and Ungt Entreprenørskap. Ingeborg Aass Holten holds a degree in pedagogics from the University of Oslo. Ms. Holten and parties closely related to her own 614 Class B Hafslund shares.