The Chairman of the Board of Hafslund ASA Mr. Christian Brinch, has received a letter from shareholder Trond Bjørnstad, dated 4 April 2006, regarding "a proposal to improve the company's reputation by demonstrating corporate social responsibility". This letter was unfortunately not received by the Chairman of the Board before Monday 24 April. The last date for legitimate notice for the Ordinary General Meeting 3 May was 18 April, cf. Joint Stock Public Companies Act § 5-10. In this respect, it is not possible to deal with the practical aspects of the received proposal at the Ordinary General Meeting 3 May 2006, cf. Joint Stock Public Companies Act § 5-14.
Hafslund ASA's Board of Directors considers the company's reputation and corporate social responsibility as highly important in relation to Hafslund's value creation and in relations to employees, customers, shareholders and the society in general. The Board of Directors is focusing on and will continue to focus on the company's reputation and corporate social responsibility. The Board of Directors will however address the received proposal in the Board meeting 3 May, and ask the administration to review the company's routines with regards to the issues listed in the letter by Trond Bjørnstad. Please find a copy of the letter received from shareholder Trond Bjørnstad attached (not translated to English). Initiatives will be implemented where found required by the Board of Directors.
The Board of Directors and the administration will at the Ordinary General Meeting 3 May inform about the company's work related to the issues mentioned above.
Please contact SVP Information and Public affairs Frode Geitvik for further information regarding this matter, tel. +47 958 43 933, e-mail: firstname.lastname@example.org
Hafslund ASA Oslo, 27 April 2006
The notes from the meeting (in Norwegian) can be downloaded from the following link: