Statkraft AS: Publication of Supplement to the Off

The following supplement dated 3 March 2017 (the Supplement ) to the Offering Circular dated 15 June 2016 has been approved by the UK Listing Authority and is available for viewing:

Supplement dated 3 March 2017 to the Offering Circular dated 15 June 2016 for the €6,000,000,000 Euro Medium Term Note Programme of Statkraft AS

To view the full document, please paste the following URL into the address bar of your browser.

Supplement dated 3 March 2017

http://statkraft.com/globalassets/1-statkraft...t-emtn.pdf

A copy of the Supplement has been submitted to the National Storage Mechanism and is available for inspection at: www.Hemscott.com/nsm.do .

For further information, please contact:

Statkraft AS Lilleakerveien 6 0283 Oslo Norway

Telephone:    +47 24 06 70 00

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Offering Circular as supplemented may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular as supplemented) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Circular as supplemented is not addressed. Prior to relying on the information contained in the Offering Circular as supplemented, you must ascertain from the Offering Circular as supplemented whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

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