Ístak hfA brief introduction

to operations in Greenland

Ístak‘s annual turnover from 2003 – 2015 (in million ISK)

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Es-timate

2015 Es-timate

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

22,000 Abroad - estimatedIceland - estimated#REF!JV IcelandIceland

All contracts 2006 – 2013 divided between countries

Iceland Norway Greenland Faroe Islands Jamaica0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

80,000,000

90,000,000

100,000,000

Renovation

Roads, tunnels and airstrips

Power plants and industry

Harbour projects

Buildings

All numbers are in thousand ISK

15%

Client: NUKISSIORFIITContractor: ÍSTAK for 3½ of the 5Construction time: see below

Hydro Projects:

Nuuk / Buksefjord 30 MW, started 1993

Tasiilaq 1,2 MW, 2002 - 2004

Qorlortorsuaq 7,5 MW, 2004 - 2007

Sisimiut 2x7,5 MW, 2007 - 2010

Ilulissat 3x7,5 MW, 2010 – 2013

The last three were turn-key projects

Greenland hydropower projects

2012

Ilulissat - hydropower• Scope:

Construction of powerhouse cavern, headrace-, tailrace tunnels, turbine installation and high voltage transmission line.

• Contract: Turn key.

• Time schedule:May 10 – Dec 13

• Contract sum: 107 M USD

6

7

5419 – Ilulissat

5419 – Ilulissat

10

Tucon SlovakiaKössler AustriaEtra SloveniaLDW GermanyABB DenmarkMetalvar Slovenia/SerbiaDalekovod Croatia

Subcontractors

Su

pp

liers

fro

m

Gre

en

lan

d

Su

pp

liers

fro

m

Gre

en

lan

d

Total Contract 600 M DKK

Suppliers and subcontr.in Greenland 120 M

DKK

Salariesin Greenland 150 M

DKK(thereof taxes paid 60 M

DKK)

Other projects in Greenland

• Client: Municipalities in Nuuk, Ummannaq

• Contractor: ÍSTAK • Construction time: Mars 2009–Sept

2011

Construction Projects:

Nuuk Elementary school – finished 2011

Nuuk Playschool and kindergarten – f. 2011

Ummannaq High school dorm renovation - 2013

Various tunnel projects

Sisimiut 2006 – 2010

Hammerfest 2010 - 2012

Quassimiut 2004 - 2008

Suðuroy 2005 – 2007

Bergen 2009 – 2011

Ilulissat 2010 – 2013

Fáskrúðs-fjarðargöng 2004 - 2006

Alta 2011 - 2013

Hraunaveitur 2007 – 2008

Målvikhammar 2011 - 2013

Búðarháls 2010 – 2013 Lovraeidet

2012 – 2014

Talvik 2011 - 2013

Narvik 2013 – 2015