During the past two years Hafslund ASA has experienced a considerable
growth within the areas of district heating and renewable energy. The
Group is making organisational changes to reflect this.

Hafslund's activities will be organised into the following business
areas: District Heating, Heat and Power, Network, Markets, Venture
and group function areas: Finance, Group Functions, Communications &
Corporate Social Responsibility (CSR).

The individual areas in brief:

District Heating comprises all areas connected to The Group's
district heating activities in Oslo and Akershus.

Heat and Power comprises The Group's remaining activities within
power generation, bio, and pellets production, as well as the gas
distribution company Gassnett (ownership 69,42%). The business area
also has a unit working with business development within renewable
energy. Additionally, as of 12th January, the company Cogen, making
tailor-made co-generating power plants, will become part of this
business area (ownership 44,8 %)

Network comprises The Group's grid distribution and system control
centre.

Markets comprises electricity sales to private and business
customers, the customer service centre and invoicing services.
Venture represents The Group's investment activities and implements
the development of new business opportunities connected to The
Group's core activities. Hafslund Telekom, which supplies services
within fibre-net, internet, business net and telecom services, will
also become part of the business area Venture.
Finance comprises financial control and reporting, financing, energy
trading, quality assurance of contracts, management of The Group's
pension funds as well as risk assessment. Hafslund Eiendom, which
manages and develops The Group's real estate, will also become part
of the business area Finance.

Communications and Corporate Social Responsibility (CSR) comprises
The Group's press contact, internal information, public relations,
corporate branding and environmental and social responsibility.
Investor relations and public affairs will come under the area of
Communications and Corporate Social Responsibility (CSR).

Group Functions comprises Organisational Development, Human Resources
(HR) and ICT.

Together with the CEO Christian Berg (40) the new Group Management
will now consist of:

Group Executive Vice President, Heat and Power: Per Kristian Olsen
(58). Olsen has been Group Executive Vice President of Heat and
Infrastructure since September 2005. Until 1st September 2005 he was
Group Executive Vice President of Operations and until November 2003
he was Group Executive Vice President of Network.

Group Executive Vice President, District Heating: Jan Presttun (58).
Presttun has been Managing Director of Hafslund Fjernvarme,
previously Viken Fjernvarme, since January 2007. From February 2002
until 2007 Presttun was Managing Director of Hafslund Nett.

Group Executive Vice President, Network (acting): Jan Presttun (58).
As above.

Group Executive Vice President, Markets: Hege Yli Melhus (34). Melhus
took on the position of Group Executive Vice President of Markets in
May 2006. She has worked in Hafslund since 2002 and came to her
current position from that of Product Marketing Manger, Private.
Melhus has earlier managed The Group's Board and Management
Secretariat.

Group Executive Vice President, Venture: Tore Schiøtz (52). Schiøtz
has been Group Executive Vice President of Venture since November
2006 and Managing Director of Hafslund Venture since 2001. During
this time Schiøtz has played a central part in the development of
Hafslund's ownership in Renewable Energy Corporation (REC).

Group Executive Vice President, Finance: Gunnar Gjørtz (53). Gjørtz
has, since June 2007, been Group Executive Vice President of Finance.
He came to Hafslund from the position of CFO in Løvenskiold Vækerø AS
where he was employed from 2002.

Group Executive Vice President, Communications and Corporate Social
Responsibility (CSR): Karen Onsager (32). Onsager was appointed Group
Executive Vice President of Communications and CSR in September 2008.
She has worked in Hafslund since 2005 and came from the position of
Information Director where she was responsible for The Group's
information department and market communication.

Group Executive Vice President, Group Functions: Tove Pettersen (39).
Pettersen has served as Group Executive Vice President for Group
Functions since April 2007. She came from the position of Group
Executive Vice President, Corporate. Until 1st September 2005
Pettersen was Group Executive Vice President of Markets and until
autumn 2003 she was Group Executive Vice President for Electricity
Sales. Pettersen is currently on maternity leave and during this time
Group Functions are maintained by Christian Berg (Organisational
Development and Human Resources) and Gunnar Gjørtz (ICT).


The changes are effective as of 12th January 2009.

Oslo 12th January 2009

For further information please contact:

Communications Director Karen Onsager
Mob: +47 92 08 70 07
E-mail: karen.onsager@hafslund.no

Investor Relations Officer Lars Ove Johansen
Mob: +47 99 29 14 60
E-mail: lars.ove.johansen@hafslund.no


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