Financial and operating highlights (4Q 2023 in brackets):

	Operating revenues were NOK 3 133 million (NOK 3 531 million)
	EBITDA was NOK 774 million (NOK 1 104 million)
	EBIT was NOK 467 million (NOK 802 million)
	Net result after tax was NOK 299 million (NOK 287 million)
	Dividend proposal of NOK 6.75 per share and NOK 287 million in total dividend
	Equity in parent company post proposed dividend NOK 8 109 million (NOK 8 565
million)

Segment highlights 4Q 2024 (4Q 2023 in brackets):

Renewable Energy
o	EBITDA NOK 587 mill. (NOK 638 mill.)
o	28% lower power prices mainly in Scandinavia 
o	Generation 23% lower than P50 estimate despite good wind quarter
o	No operation on Mid Hill wind park due to an external transformer failure
outside our control (Scottish and Southern Energy), curtailments, and downtime
at Crystal Rig 1 wind farm all impacting generation negatively.
o	Final Investment Decision (FID) for the Windy Standard III, an 88 MW wind park
o	Submitted the consent application for the Muir Mhor floating offshore Wind
Park project
o	Discontinuation of Utsira Nord floating offshore wind project

Wind Service
o	EBITDA NOK 180 mill. (NOK 402 mill.)
o	Backlog of EUR 448 mill. (EUR 288 Mill.) for the Tern vessels due to a new
significant contract 
o	Brave Tern crane upgrade and conversion completed and vessel back in operation
o	Both GWS and UWL had improved performance
o	The Tern vessels had 33% (92%) utilization due to yard stay for Brave Tern and
Bold Tern being in transit back to yard stay in Europe from Taiwan

Cruise
o	EBITDA NOK 33 mill. (NOK 133 mill.)
o	Occupancy of 65% (71%) of full capacity mainly due to that the number of
cruise days were down by 7% due to dry docking of Balmoral in the quarter
o	Net ticket income per passenger day of GBP 172 (GBP 161)
o	Booking numbers up 16% compared to last year
o	Bunker hedged for 30% of estimated consumption in 2025
 
Other Investments
o	EBITDA NOK -26 mill. (NOK -68 mill.)
o	Included in the above, the EBITDA for NHST was NOK 35 mill. (NOK 16 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 4Q 2024 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 3 133
million (NOK 3 531 million). Renewable Energy had operating revenues of NOK 905
million (NOK 870 million), Wind Service NOK 1 098 million (NOK 1 514 million),
Cruise NOK 802 million (NOK 856 million). Other investments had operating
revenues of NOK 329 million (NOK 290 million).

EBITDA in the quarter was NOK 774 million (NOK 1 104 million). Renewable Energy
achieved EBITDA of NOK 587 million (NOK 638 million), Wind Service NOK 180
million (NOK 402 million), Cruise NOK 33 million (NOK 133 million). Within Other
investments EBITDA was NOK -26 million (NOK -68 million). 

Depreciation in the quarter was NOK -281,2 million (NOK -297,4 million).
Impairment of NOK 26 million was booked in the quarter related to impairment of
development projects in Renewable Energy segment compared to NOK 5 million
previous year.

EBIT in the quarter was NOK 467 million (NOK 802 million).

Net financial items in the quarter were negative with NOK -34 million (NOK -362
million). Net interest expenses were NOK -63 million (NOK -71 million). In
addition, there were net unrealized financial gain of NOK 46 million (a loss of
NOK -275 million), mainly related to positive exchange rate differences of NOK
51 million (negative of NOK -27 million), unrealized gain on financial
instruments of the interest swap agreements in Renewable Energy of NOK 10
million (loss of NOK -218 million) and an impairment of other investments of NOK
-15 million (NOK -31 million). Other financial items amounted to NOK -17 million
(NOK -15 million).

Net Result in the quarter was NOK 299 million (NOK 287 million) of which NOK 102
million (NOK 130 million) is attributable to the shareholders of the parent
company. The non-controlling interests' share of the net result was NOK 198
million (NOK 157 million).