Kirkenes Harbor Kirkenes harbor has gained

importance after the opening of the Northern Sea Route and exploration for oil and gas resources in the North was opened.

Kirkenes has built up experience over the last 25 years to cooperate with Russia

Strategic cooperation betweenHenriksen Shipping and Kirkenes Base Kirkenes Base AS.

Base company with locations at Industrial Area in Kirkenes.Owned by CCB, Bergen Group Kimek and Barlidhaug Property AS

Henriksen Shipping AS.Shipping Agent.Own jetty and storage facilities in KirkenesRepresentative of Gac

Project Pulkneset. Project owner are:

GTI Eiendom AS . (Local real estate company)

SVI AS (local development company) CCB (Norway’s biggest offshore base

owner) Barlindhaug Eiendom AS (Real estate

developer)

The pilot project started in summer 2011 with clarification regarding prehistoric sites.

Mapping is finsh, and the Sami Parliament has freed area for further planning.

General permission from the military is obtained for further planning.

Letter of Intent to acquire property from FeFo, if the plan is approved.

Start planning. Summer 2012. SWECO engaged as a consultant.

Plan to start physical work in mid-2015.

Location compared to Kirkenes

FlyplassGSV

Kirkenes

Located in area with good marine conditions andclose to existinginfrastructure.A full development will provide up to 800 Da. Commercial area.

The development of the maritimeindustries in and around Kirkeneswill require significant areas andexcellent and spacious harbor conditions.

These areas will have to beso that the noise, dust andexpansion opportunities willbe obstructed by other facilities

Pulkneset

Norterminal

The Norwegian oil & gas industry moving into the eastern Barents Sea

Norterminal

Pulkneset

The development plan The area is close to other

infrastructure such as E6 and airport.

Great harbor conditions without ice and nearby civil homes.

Planned developed in 3 phases. 1 Phase 250 Da.New road with budget of 65 million NOK to be built.

Phase I. Approximately 250 Da. Construction start 2015. Planned completion in

2017-18. Base facilities to

accommodate up to 2 drilling operations simultaneously.

Kirkenes Base AS will be the operator of the base. (CCB's main shareholder)

Utilization of the whole area

Visual impression if the entire area is being developed. Approximately 800 Da.

Can serve as base functions for Oil & Gas, hosting services and other cargo handling.