1. 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

2. Strategic cooperation between Henriksen 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 Kirkenes Representative of Gac

3. 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.

4. Location compared to Kirkenes Flyplass GSV Kirkenes  Located in area with good marine conditions and close to existing infrastructure. A full development will provide up to 800 Da. Commercial area.  The development of the maritime industries in and around Kirkenes will require significant areas and excellent and spacious harbor conditions.  These areas will have to be so that the noise, dust and expansion opportunities will be obstructed by other facilities Pulkneset Norterminal

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

7. Norterminal

8. Pulkneset

9. 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.

10. 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)

11. 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.