Kalaallit nunaat – island Gylfi Sigfússon | President and CEO of Eimskip Nuuk – September 2017

Cooperation agreement signed in january 2017

Three 2,150 Teu ice class vessels beeing built in china Estimated delivery in 2019

Larger and more environmentally friendly vessels

EIMSKIP’S VESSEL FLEET ORANGE LINE EIMSKIP’S VESSEL FLEET VIDFOSS Built 1990 Reefer (bulk) GT 3,625 HOLMFOSS Built 2007 Reefer (bulk/ TEU24) GT 3,538 22 vessels in operation, 13 own and 9 chartered Own Vessel Chartered Vessel BLUE LINE GODAFOSS Built 1995 TEU 1,457 GT 14,664 DETTIFOSS Built 1995 TEU 1,457 GT 14,664 POLFOSS Built 2008 Reefer (bulk/TEU24) GT 3,538 SVARTFOSS Built 2005 Reefer (bulk/ TEU48) GT 2,990 YELLOW LINE OTHER OPERATIONS IN THE NORTH ATLANTIC LAGARFOSS Built 2014 TEU 875 GT 10,106 BAKKAFOSS Built 2010 TEU 880 GT 9,983 LANGFOSS Built 1991 Reefer (bulk) GT 3,625 STIGFOSS Built 1990 Reefer (bulk) GT 3,625 RED LINE SELFOSS Built 2008 TEU 698 GT 7,464 VEGA OMIKRON Built 2005 TEU 966 GT 11,500 NORDVÅG Built 1979 Reefer (bulk/TEU44) GT 2,854 LAXFOSS Built 1995 Bulk cargo GT 1,682 GREEN LINE SKÓGAFOSS Built 2007 TEU 698 GT 7,545 REYKJAFOSS Built 1999 TEU 712 GT 7,541 HERJÓLFUR Built 1992 Ferry GT 3,354 BALDUR Built 1979 Ferry GT 1,677 GRAY LINE BLIKUR Built 2003 TEU 505 GT 4,454 LÓMUR Built 2001 TEU 505 GT 4,454 SÆRÚN Built 1978 Ferry GT 194 AKRANES Built 2007 Ferry GT 118

EIMSKIP’S LOGISTICS NETWORK 61 offices in 20 countries

EIMSKIP’S LOGISTICS NETWORK Weekly connections to/from Greenland

EIMSKIP’S LOGISTICS NETWORK Possibility to transship in Reykjavik to the Green line serving US and Canada

EIMSKIP’S LOGISTICS NETWORK Loading and unloading containers in Aarhus – the second biggest port in Scandinavia

Greenland – iceland – faroe islands Strengthens business relations between these west Nordic neighboring countries

New terminal was delivered by contractor on 14 August 2017

New port in Torshavn is expected to be ready in 2019

Extension of port in Reykjavik has started

AARHUS Second largest port in Scandinavia – Eimskip operates a 23,000 sqm warehouse on the terminal<<

New opportunities Summary Extension of ports need to be finalized by 2019 at the same time the new vessels will be delivered The vessels are the most modern and technically advanced vessels that have been built to serve this area The vessels will alter transportation between Greenland and mainland Europe With these new connections, Greenland will increase its possibilities to sell products to new markets and retain resources in a new way Greenland will be connected to Aarhus, which is the second largest port in Scandinavia, instead of Aalborg The cooperation will promote business relations between Greenland, Faroe Islands and Iceland We are looking forward to commence this cooperation and taking part in the new opportunities ahead The cooperation agreement is being reviewed by the Icelandic Competition Authority at this moment

TAKK FYRIR / QUJANARSUAQ