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No.98/2008 Adjustment of Elspot technical price ceiling in NOK and SEK

From 5 January 2009, the technical price ceiling will be as follows (current price ceiling in brackets):

• EUR 2,000

• DKK 16,500

• NOK 21,000 (18,000)

• SEK 24,000 (21,000)

Changes in the NOK and SEK exchange rates towards euro necessitate a new adjustment of the technical price ceiling in NOK and SEK. The latest adjustment of the technical price ceiling in NOK, SEK and DKK took place in April 2008 (exchange information no 25/08). The current exchange rates of NOK and SEK towards euro make the actual price ceiling lower than EUR 2,000.

Euro is the primary currency used for the Elspot price calculation, and therefore the euro price ceiling, currently EUR 2,000, should also be the lowest maximum price.

All bids/offers made in other currencies are converted into euro in the price calculation, and consequently only volumes that are offered below or equal to the actual maximum price limit in those currencies (EUR max*currency rate) are considered in the calculation.

Lysaker, 19 December 2008

For further information, please contact Nord Pool Spot:

Trading desk, phone +47 6752 8010 / 8016, elspot@nordpool.net