Share capital and dividend

Statkraft AS has a share capital of NOK 20 billion, divided among 200 000 000 shares, each with a face value of NOK 100.

In its Ownership Report (Report no. 13 to the Storting (2006-2007)), the Norwegian government states that the dividend from Statkraft will normally lie in the upper quartile.  The government further states that it does not believe it necessary to introduce the Norwegian Companies’ Act’s normal regulations for determination of dividend from state-owned companies, i.e. the provision that company dividends should be kept within the limits recommended by such companies’ boards does not apply. Statkraft will pursue a dividend policy that balances the payout ratio to its owner with the company’s need for a dividend level that enables it to retain a reasonable share of the value created for further development of the company.

See note 35 to the Group's financial statements for more information about the management of the capital structure and note 42 for shares and shareholder information.