Financial and operating highlights 4Q23 (4Q22 in brackets):

	Operating revenues were NOK 3 531 million (NOK 3 361 million)
	EBITDA was NOK 1 104 million (NOK 1 284 million)
	EBIT was NOK 802 million (NOK 1 009 million)
	Net result after tax was NOK 287 million (NOK 718 million)
	Dividend proposal of NOK 6.00 per share (NOK 255 million)
	Equity in parent company post proposed dividend NOK 8 565 million (NOK 8 066
million)

Segment highlights 4Q23 (4Q22 in brackets):

Renewable Energy
o	EBITDA NOK 638 mill. (NOK 1 016 mill.)
o	Declining power prices, on average 57% lower than 4Q last year
o	Fäbodliden 2 completed in 4Q
o	Consent applications for Codling wind park is scheduled for submission in Q2
2024 
o	Consent applications for Muir Mhòr wind park is scheduled by year end 2024

Wind Service
o	EBITDA NOK 402 mill. (NOK 405 mill.)
o	Backlog of EUR 535 million for the Tern vessels
o	The Tern vessels had 92% (99%) utilization
o	Financial results of GWS and UWL improved

Cruise
o	EBITDA NOK 133 mill. (NOK -95 mill.)
o	Sale of Braemar with a gain of NOK 86 mill included in EBITDA
o	Occupancy of 71% (64%) of full capacity
o	Net ticket income per passenger day of GBP 161 (GBP 172)

Other Investments
o	EBITDA NOK -68 mill. (NOK -44 mill.)
o	EBITDA for NHST NOK 16 mill. (NOK 13 mill.)
o	Fred. Olsen 1848, progressing several technologies and innovations within
floating wind and floating solar 
o	Fred. Olsen Investments, undertaken investments within renewable energy
related companies


Financial information

The unaudited Group accounts for 4Q23 comprise Bonheur ASA (the "Company") and
its subsidiaries (together the "Group of companies") and the Group of companies'
ownerships in associates. The main business segments within which the Company is
invested are categorized as follows: Renewable Energy, Wind Service, Cruise and
Other investments.

The Group of companies' operating revenues in the quarter amounted to NOK 3 531
million (NOK 3 361 million). Renewable Energy had operating revenues of NOK 870
million (NOK 1 326 million), Wind Service NOK 1 514 million (NOK 1 293 million),
Cruise NOK 856 million (NOK 472 million). Other investments had operating
revenues of NOK 290 million (NOK 271 million).

EBITDA in the quarter was NOK 1 104 million (NOK 1 284 million). Renewable
Energy achieved EBITDA of NOK 638 million (NOK 1 016 million), Wind Service NOK
402 million (NOK 405 million), Cruise NOK 133 million (NOK -95 million). Within
Other investments EBITDA was NOK -68 million (NOK -44 million). 

Depreciation in the quarter was NOK -297,4 million (NOK -260,9 million).
Impairment of NOK -5 million was booked related to impairment of development
projects in Renewable Energy compared to NOK -14 million last year.

EBIT in the quarter was NOK 802 million (NOK 1 009 million).

Net financial items in the quarter were NOK -361 million (NOK -179 million). Net
interest expenses were NOK -71 million (NOK -95 million), where the reduction is
mainly due to higher interest income. In addition, there were net unrealized
financial losses of NOK -275 million (NOK -90 million), mainly related to
unrealized losses on financial instruments of the interest swap agreements in
Renewable Energy of NOK -218 million (NOK -109 million), an unrealized loss on
other investment of NOK -31 million (NOK 22 million) and exchange rate
differences of NOK -27 million (NOK -3 million). Other financial items amounted
to NOK -15 million (NOK 6 million).

Net Result in the quarter was NOK 287 million (NOK 718 million) of which NOK 130
million (NOK 318 million) is attributable to the shareholders of the parent
company. The non-controlling interests' share of the net result was NOK 157
million (NOK 400 million).