AS ARIEL INVEST

Real estate activities

Name	Role	Total operating income	Total equity	Shares
A AS ARIEL INVEST	Contact Person	976,500	6,963,436	50 % indirectly
J JENSENVARME HOLDING AS	Chairman	-	30,544,650	50 % directly

Name	Share class	Total operating income	Total equity	Share
J JENSENVARME HOLDING AS	Ordinære aksjer	0	30,544,650	50 % directly
A AS ARIEL INVEST		976,500	6,963,436	50 % indirectly
V VB JENSEN VARME OG SANITÆR AS		25,254,544	6,612,897	50 % indirectly
G GRAVDALTOPPEN AS		62,510,000	3,091,947	15 % indirectly
V VIKEN PROSJEKT UTVIKLING AS		0	-239,466	15 % indirectly
W WILJE EIENDOMSUTVIKLING AS		0	1,322,106	10 % indirectly