PRIVATE HOLDINGS

Christen Sveaas owns Kistefos AS through his holding companies Kistefos Holding AS, AS Holding and Portfolio Management AS.

In addition, the private investment activities of Mr. Sveaas include interests in real estate and investments in a broad range of listed/unlisted stocks and funds.

Christen Sveaas also has major interests in forest land through the company A/S Kistefos Træsliberi, where he has an 89% ownership interest through the company Kistefos Skog AS.

The private investments are managed by Hege Galtung.