Ganger Rolf ASA : Fred. Olsen Renewables – UK wind farm portfolio

06/24/2015

Reference is made to the notice to the Oslo Stock Exchange as of 19 June 2015, whereby it was announced that Fred. Olsen Renewables Limited ("FORL"), a 100% subsidiary of Fred. Olsen Renewables AS ("FORAS") which is owned 50/50 by Bonheur ASA and Ganger Rolf ASA, was in final stage of negotiations with the UK based infrastructure fund The Renewables Infrastructure Group Limited ("TRIG") to acquire a significant minority interest in FORL's 433 MW installed capacity UK onshore wind farm portfolio.

The process has since progressed and negotiations with TRIG have now concluded in a final agreement which will see TRIG acquire ownership of 49% of the abovementioned portfolio ("the Transaction"). Please see the document enclosed for further information about the Transaction.

• Ganger Rolf ASA - Fred Olsen Renewables UK wind farm portfolio