WAYNE NATIONAL FOREST PENNINGTRON 91RS WOMPAJUMP JLASTRAS BIOLOGY BIG BROTHER PAAL NORDSETH Crux Kommunikasjon is a corporate communications and investor relations consulting firm SIRI B.L. About us > Crux Kommunikasjon helps companies with financial communications and investor and media relations. > Combining communication, media, financial markets and regulative knowledge, our experienced advisers solve clients’ problems and improve performance. > Founded 2005, 8 employees, based in Oslo and Stavanger, Norway. International reach through partners. SLIDE 2 Corporate presentation Crux ('kr&ks, 'kruks) 1: a puzzling or difficult problem: an unsolved question 2: an essential point requiring resolution or resolving an outcome <the crux of the matter> 3: a main or central feature (as of an argument) Crux offer clients communication and IR solutions BOARD COMPETENCE Financial communications Investor relations Media relations CRUX ADVISERS EXECUTION CAPACITY Projects Retained services Management for hire CEO SOLUTION Advice Assistance Production CFO IR COMMUNICATIONS SLIDE 3 Corporate presentation Our client service areas and solutions Retained clients Projects INVESTOR RELATIONS CORPORATE COMMUNICATIONS IPO / LISTING TRANSACTIONS > IR program Valuation modeling > Perception audit > Corporate governance audit > Analyst relations > Investor presentations > IR web development > Shareholder targeting > IR team training > Communication strategy Media relations > Messaging and presentation training > Issue management > Corporate actions > Executive management profiling > Online communication > Internal communication > Stakeholder communication and engagement > Change processes > > Communication plan Media strategy / plan > Media relations > Q&As > Presentation training > IR function establishment > First post-listing year IR plan > Issues management > > > > FINANCIAL REPORTING MEDIA RELATIONS CAPITAL MARKETS DAY CORPORATE ACTIONS > Market intelligence Perception audit > Report development > Presentation development > News release development > Q&As and training > Process/3rd party facilitation > Media strategy / plan Establish / sustain relations with business and financial journalists > Media contact > Production of press kits > Press meetings / conferences > Media surveillance and reports > Journalistic due diligence > Media training > > Market intelligence Perception audits > Scoping / structure the day > Presentation development > Q&As > Presentation training > Process /3rd party facilitation > > > > SLIDE 4 Corporate presentation Communication plan Media strategy / plan > Media relations > Investor presentation > Q&As > Presentation training > Issues management Restructuring communication Brown/greenfield investments communication > Joint-venture announcements > Project communication > Strategy update communication Our approach ADVISER WITH EXECUTION CAPACITY DISCUSSION PARTNER PROCESS CONTENT Aligning communication with value drivers PLANNER SLIDE 5 RESEARCHER/ ANALYST CONTENT DEVELOPER PROJECT MANAGER Corporate presentation QUALITY ASSURANCE TRAINING FACILITATOR Our advisers make a multi-disciplinary team Crux advisers combine communication, media, financial markets, and regulatory knowledge with functional practice and adviser experience. Our team has experience from: BUSINESS MANAGEMENT COMMUNICATION SLIDE 6 FINANCIAL ANALYSIS ASSET MANAGEMENT INVESTOR RELATIONS FINANCIAL AND BUSINESS JOURNALISM Corporate presentation Advisers CARL CHRISTIAN BACHKE (manager) carl.bachke@crux.no | +47 9098 0848 > Adviser/manager corporate communications and IR, Crux Kommunikasjon, since 2014 > Equity analyst and oil and offshore sector coordinator Nordea Markets > Adviser corporate communications and IR, Crux Kommunikasjon, 2012-2013 > Equity analyst RS Platou Markets and Fondsfinans > Norsk Hydro ASA (1996-2006) Investor relations, Analyst Oil and Gas, Business Development and Strategy > MSc. in Economics and Business Administration from the Norwegian School of Economics and Business Administration (NHH) > Chartered Financial Analyst (AFA) from the Norwegian School of Economics and Business Administration (NHH). KETIL K. JØRGENSEN (chairman) ketil@crux.no | +47 9303 6866 > Adviser corporate communications and IR, Crux Kommunikasjon, since 2005 > Head of Corporate Communications and director Burson-Marsteller Oslo > Head of Communications Elopak > Journalist Dagens Næringsliv and Bergens Tidende > Norwegian School of Economics and Business Administration (NHH). LARS ERIK LUND lars@crux.no | +47 4133 1369 > Adviser corporate communications and IR, Crux Kommunikasjon, since 2005 > Director Burson-Marsteller Oslo > Business manager Hugin > Director of corporate communications and investor relations Kenor ASA > MSc. in Economics and Business Administration from the Norwegian School of Economics and Business Administration (NHH). JAN PETTER STIFF stiff@crux.no | +47 9951 3891 > Adviser corporate communications and IR, Crux Kommunikasjon, since 2005 > Head of corporate communications Catch Communications ASA > Financial and corporate communications adviser JKL Oslo and GCI Monsen > Financial journalist Kapital, TDN Finans and Finanskanalen > MSc. in Economics and Business Administration from the Norwegian School of Economics and Business Administration (NHH). SLIDE 7 Corporate presentation Advisers NILS OVE KJERSTAD nils.kjerstad@crux.no | +47 9135 6659 > Adviser corporate communications and IR, Crux Kommunikasjon, since 2010 > Equity analyst Danske Markets Equities, Terra Securities and DnB NOR Markets > Financial journalist and editor TDN Finans > Corporate banking, Sparebanken Møre > MSc. in Economics and Business Administration from the Norwegian School of Economics and Business Administration (NHH). OLA ØSTTVEIT AGLEDAHL ola.agledahl@crux.no | +47 4110 4119 > Adviser corporate communications and IR, Crux Kommunikasjon, since 2011 > Co-founder Høyden Eiendomsservice AS > Internship Corporate Finance, Carnegie > Internship BNP Paribas > Bachelor, dual degree in Business Administration and International Relations from BES La Salle Universitat Ramon Llull, Barcelona. FREDRIK EEG fredrik.eeg@crux.no | +47 9083 3378 > Adviser corporate communications and IR, Crux Kommunikasjon, since 2012 > Equity sales Fearnley Fonds > Equity sales Kaupthing Bank > Trainee Kaupthing Asset Management > Master in Business & Economics from The Norwegian School of Management (BI). CATHRINE BIRKENES cathrine.birkenes@crux.no | +47 9182 3484 > Adviser corporate communications and IR, Crux Kommunikasjon, since 2012 > VP Finance, Fornebu Utvikling ASA > Business Trainee, BBS > Corporate Actions, DnB NOR Markets > Analyst Corporate banking/ Corporate finance, Kaupthing Bank > MSc. in Business and Economics The Norwegian School of Management (BI). SLIDE 8 Corporate presentation Extensive experience since 2005 # OF ASSIGNMENTS SINCE INCEPTION ACCRUED QUARTERLY EARNINGS RELEASES AND PRESENTATIONS 925 805 685 IPOs/listings 45 Retained clients 70 M&As 65 Restructurings 35 555 425 295 175 85 Capital market days 20 20 2005 SLIDE 17 Corporate presentation 2006 2007 2008 2009 2010 2011 2012 2013 Selected clients and projects – current and previous Listed/public and private companies across all sectors: Energy, materials, industrials, consumer discretionary and staples, health care, financials, information technology, telecommunications services and utilities. SLIDE 18 Corporate presentation Selected stock exchange listings IPOs, share offerings and listings since 2005 Magseis ASA Listing Oslo Axess Atlantic Petroleum P/F Listing Oslo Børs Odfjell Drilling Ltd. Listing Oslo Børs MultiClient Geophysical ASA Listing Oslo Axess EAM Solar ASA Listing Oslo Axess Asetek AS Listing Oslo Børs Selvaag Bolig ASA Listing Oslo Børs Sevan Drilling ASA Listing Oslo Børs Hofseth BioCare ASA Listing Oslo Axess Kværner ASA Carve-out and listing Oslo Børs Statoil Fuel & Retail ASA Carve-out and listing Oslo Børs Morpol ASA Listing Oslo Børs Sølvtrans Holding ASA IPO and listing Oslo Axess P/F Bakkafrost IPO and listing Oslo Børs Panoro Energy ASA Listing Oslo Børs Polarcus Ltd. Offering and listing Oslo Axess Bergen Group ASA Listing Oslo Børs Global IP Solutions AB Listing Oslo Boers Camposol Holding Plc. Listing Oslo Axess Lighthouse Caledonia ASA Listing Oslo Axess Eastern Echo Holding Plc. Listing Oslo Axess 1 London Mining Plc. Listing Oslo Axess 2007 and Listing AIM London 2009 Dockwise Ltd. Listing Oslo Børs Arrow Seismic ASA Listing Oslo Axess Badger Explorer ASA Listing Oslo Axess Frigstad Discoverer Invest Ltd. Listing Oslo Børs Bouvet ASA Listing Oslo Axess SalMar ASA Listing Oslo Børs EMGS ASA Listing Oslo Børs NEAS ASA Listing Oslo Børs Copeinca ASA Listing Oslo Børs Northland Resources Inc. Listing Oslo Børs Trolltech ASA Listing Oslo Børs Renewable Energy Corporation ASA - Listing Oslo Børs Odim ASA Listing Oslo Børs SLIDE 19 Corporate presentation Selected transactions M&A, divestments, financial restructurings Weifa AS Sale of company 2014 Strategic review 2011 MRC Global Inc. Acquisition 2014 EAM Solar ASA Acquisition 2013/14 Stream AS Sale of company 2013 Xellia ApS Sale of company 2013 Copeinca ASA Sale of company 2013 Atlantica Tender Drilling Ltd. (former BassDrill) Equity issue 2013 Equity issue 2012 Dockwise Ltd. Sale of company 2013 Acquisition 2012 Balance sheet restructuring 2009 Compass Group Plc. Merger 2013 Spring Energy AS Sale 2012 Agrinos AS Equity issue 2012 Equity issue 2011 Imarex ASA Sale 2012 and 2011 Acquisition 2008 Rolls Royce Group Plc. Norwegian support in connection to bid 2011 Noreco ASA Strategic review 2011 Ignis ASA Sale of company 2011 Acquisition 2010 Sale 2008 Eltek ASA Sale 2011 Restructuring and M&A 2008 M&A 2006 Aker Drilling ASA IPO and sale 2011 Stream AS and Align AS M&A 2010 Panoro Energy ASA / New Brazilian Holding ASA Merger 2010 Norse Energy ASA Demerger 2010 Global IP Solutions AB Sale of company 2010 Odim ASA Sale 2010 Acquisition 2008 SalMar ASA Acquisition 2010 BW Offshore ASA Acquisition and Sale 2010 Ferd AS Investment 2010 Acquisition 2009 Sector Asset Management AS Restructuring 2010 Morpol ASA Acquisition 2010 Cisco Systems Inc. Acquisition 2009 Bjørge ASA Demerger 2010 Sale of company 2009 Lighthouse Caledonia ASA Restructuring and sale of assets 2009 EMGS ASA Balance sheet restructuring 2009 Alpharma LLC Divestment 2009 and 2005 London Mining Plc. Acquisition of assets 2009 Sale of assets 2008 DNO ASA Spin off and merger 2008 Bouvet ASA Acquisition 2008 SLIDE 20 Corporate presentation Capital markets/investor days BW Offshore ASA Schibsted ASA Sevan Drilling ASA Selvaag Bolig ASA Kongsberg Automotive ASA EMGS ASA Eltek ASA Kværner ASA BW Offshore ASA Fornebu Utvikling ASA Polarcus Ltd. Morpol ASA Noreco ASA Aker Solutions ASA Imarex ASA Orkla ASA DNO ASA APL AS REC ASA Aktiv Kapital ASA SLIDE 21 Corporate presentation Your independent communication and investor relations consulting firm We would enjoy learning about your needs. It's easy to reach us. Visiting address: Crux Kommunikasjon AS, Drammensveien 147B, 0277 Oslo, Norway | Tel: +47 4000 2855 | post@crux.no | www.crux.no