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FINANCIAL RESULTS Q1 2011 - Statkraft

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NEW REPORTING STRUCTURE<br />

<strong>Statkraft</strong> Group<br />

Nordic<br />

Hydropower<br />

Continental<br />

Energy<br />

and Trading<br />

International<br />

Hydropower<br />

Wind Power<br />

District<br />

Heating<br />

Industrial<br />

Ownership<br />

Other<br />

activities<br />

Change in reporting of underlying profit:<br />

• Unrealised changes in value on energy contracts under Trading and origination are<br />

included into underlying revenues<br />

• Financial items and tax not included into underlying profits - presented as in financial<br />

statement<br />

• Underlying profit - adjusted for unrealised changes in value of energy contracts and<br />

material non-recurring items<br />

Page 3

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