Anna Nord Bjercke resigns as CFO of Statkraft

(Oslo, Norway, 12 December 2025) - CFO Anna Nord Bjercke in Statkraft AS has
decided to step down from her position to pursue a career outside the company.
EVP People, Organisation and Sustainability, Tone Aastveit Skuterud, will be
acting CFO from 1 January 2026.

Tone Aastveit Skuterud joined Statkraft's Group Management from in April 2025,
coming from Telenor where she held several senior management positions. Prior to
her tenure at Telenor, Skuterud spent 12 years at Statkraft, where her
responsibilities included serving as SVP Financial Reporting, Accounting, and
Strategic Finance, Senior Advisor Corporate Strategy, as well as SVP Corporate
Audit. Skuterud holds a Master's degree (MSc) in Business and Economics from BI
Norwegian Business School, and an Executive MBA in Strategic Management from The
Norwegian School of Economics (NHH).

Anna Nord Bjercke joined Statkraft as CFO and part of Group Management in
January 2024.

"After two inspiring and challenging years where we have sharpened the business
strategy, divested non-core activities and significantly reduced our cost base,
it is time for me to pursue opportunities outside Statkraft. It has been a
privilege working for Europe's largest renewable energy producer with so many
competent and engaged people," says Bjercke.

"I want to thank Anna for her many contributions to further strengthen
Statkraft's financial robustness and competitiveness in a period of increased
uncertainty in the energy sector. Delivering on our planned divestments is an
important milestone in delivering on our new strategy, enabling new investments
and continuing to build scale," says Birgitte Ringstad Vartdal, President and
CEO of Statkraft AS.

A recruitment process to find a new CFO will be initiated shortly.

For further information, please contact:

Debt Capital Markets:
Vice President Stephan Skaane, tel: [phone], e-mail:
[e-mail]
Senior Financial Advisor Arild Ratikainen, tel: [phone], e-mail:
[e-mail]

Media:
Corporate Media Relations Lead Lars Magnus Günther, tel: [phone], e-mail:
[e-mail]
VP External Communications Torbjørn Steen, tel: [phone], e-mail:
[e-mail]

or www.statkraft.com (https://www.statkraft.com)

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

About Statkraft
Statkraft is a leading company in hydropower internationally and Europe's
largest generator of renewable energy. The Group produces hydropower, wind
power, solar power, and gas-fired power. Statkraft is a global company in energy
market operations. Statkraft has around 7,000 employees in more than 20
countries.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange