Arendals Fossekompani: Successful issuance 
of NOK 500 million unsecured green bonds
(Arendal, March 1, 2021) Arendals Fossekompani ASA (AFK) has successfully issued
NOK 500 million in unsecured green bonds. The bonds have a 7-year tenor and was
priced at a fixed coupon of 2.615%. AFK will use the net proceeds to finance
green projects as defined in the AFK green bond framework. 

"We are pleased to have successfully issued green bonds at favorable terms,
primarily due to a strong financial position and a portfolio dominated by green
technology companies," says Lars Peder Fensli, CFO of Arendals Fossekompani.

In connection with the bond issue, AFK has established a green bond framework,
which has received the best possible rating, Dark Green, by Cicero Shades of
Green. The AFK green bond framework and the second opinion by Cicero can be
found as attachments and is also published here: arendalsfossekompani.no/en/esg.

"A dark green assessment is not easily achieved. We are pleased to see that
Arendals Fossekompani's green bond framework is aligned with a pathway to a more
sustainable future," says Ingunn Ettestøl, Director of Sustainability at
Arendals Fossekompani.
Pareto Securities acted as Sole Manager and Green Bond Advisor. 

For additional comments, please contact: 
Lars Peder Fensli, CFO at Arendals Fossekompani: +47 953 63 670
Ingunn Ettestøl, Director of Sustainability at Arendals Fossekompani: +47 924 47
306


Arendals Fossekompani | www.arendalsfossekompani.no 
Arendals Fossekompani (AFK) is a green-tech investment company that owns energy-
and technology-related companies which enable the transition to a green economy.
AFK operates globally in several future-oriented industries, including 3D
printing, algo trading, satellite services, battery- and solar technology,
software and digitization. Established in 1896, AFK has been a proud producer of
renewable hydro power for more than 100 years. The company is headquartered in
Arendal, Norway and listed at the Oslo Stock Exchange.