Adherence of the Government Pension Fund Global (GPFG) to the Santiago principles

Executive Board and as listed in Appendix 2. Changes to the list of approved issuers is subject to approval by the Executive Board according to the Executive Board’s framework for

Norwegian Ministry of Finance Asset Management Department P.O.Box 8008 Dep. NO-0030

(2) The Bank shall on a regular basis, and at least every third year, report on its choice of investment strategies, as adopted by the Executive Board, for the management of

Fund Act ‰ Performance reports and strategic changes reported in National Budgets and National

The management of the fixed income investments of the Government Pension Fund Global (GPFG) has been based on a strategic benchmark contain-.. ing around

For the twelve months to 31 December 2010, the Total Fund return for the Norwegian Government Pension Fund - Global was 9.62% in currency basket terms as calculated by BNY MAS,

Norges Bank manages the GPFG with the objective of achieving the highest possible return over time within the limits of the investment mandate defined by the Ministry of Finance..

Hearing before the Standing Committee on Finance and Economic Affairs of the Storting 17 April 2012 Chief Executive Officer, Yngve Slyngstad... Inflows into