KLP

KLP - Kommunal Landspensjonskasse - is one of Norway's largest life insurance companies with total assets of NOK 194.5 billion. The company provides pension, financing and insurance services to the local government sector and the state health enterprises as well as to businesses both in the public and the private sectors.

KLP is a responsible investor and owner which takes environmental and social issues seriously. Not only do we include environmental and social criteria in our investment strategy, but we also regularly monitor the companies in which we invest to ensure that our ethical standards continue to be met. In addition, we use our influence on the companies in which we invest to further promote sustainable development. We disclose information in a transparent manner and encourage our stakeholders to adopt and advance sustainable practices. We engage in these activities because we believe that they generate long-term value.

KLP Kapitalforvaltning ASA manages fixed income and equity portfolios and mutual funds for KLP as well as other clients. These clients are mostly in the public sector. The company also extends loans to the public sector and individuals. KLP Kapitalforvaltning ASA employs approximately 80 people with wide experience in the areas of portfolio management and financial analysis.

KLP Kapitalforvaltning ASA is one of Noway's largest asset management companies. As of December 31, 2007, KLP Kapitalforvaltning ASA managed in excess of NOK 162 billion for the parent company and external customers.

KLP Fondsforvaltning, KLP Kapitalforvaltning's sister company, is Norway's leading index fund provider. KLP Fondsforvaltning offer global index funds, as well as funds for the following regions: Norway, Europe, U.S. and Asia/Pacific.