| NOTE 7 | SHARES AND STAKES IN OTHER COMPANIES WITH OWNERSHIPS IN EXCESS OF 10% | |||
| Business office | Stake | Measurement method | ||
| Subsidiaries | ||||
| Elopak AS with subsidiaries | Røyken | 100.0% | Consolidated | |
| FC Well Invest AS with subsidiaries (Interwell) | Bærum | 100.0% | Consolidated | |
| FC-Invest AS with subsidiaries | Bærum | 100.0% | Consolidated | |
| Ferd Aibel Holding AS | Bærum | 100.0% | Consolidated | |
| 1912 Top Holding AS with subsidiaries (Servi Gruppen) | Bærum | 100.0% | Consolidated | |
| Ferd Eiendom AS with subsidiaries | Bærum | 100.0% | Consolidated | |
| Ferd Malta Holdings Ltd | Malta | 100.0% | Consolidated | |
| Ferd MG Holding AS with subsidiaries (Mestergruppen) | Bærum | 100.0% | Consolidated | |
| Ferd Sosiale Entrepenører AS | Bærum | 100.0% | Consolidated | |
| Norse Crown Company Ltd. AS | Bærum | 100.0% | Consolidated | |
| Swix Sport AS with subsidiaries | Oslo | 100.0% | Consolidated | |
| Joint ventures | ||||
| Aibel Holding I AS with subsidiaries (Aibel) | Stavanger | 50.0% | Fair value | |
| Frogn Næringspark AS | Trondheim | 50.0% | Equity method | |
| Sanderveien 18 AS | Ski | 50.0% | Equity method | |
| Impresora del Yaque | Santiago De Los Caballeros, Dominikanske Rep. | 51.0% | Equity method | |
| Associated companies | ||||
| Al-Obeikan Elopak factory for Packaging Co | Riyadh, Saudi-Arabia | 49.0% | Equity method | |
| Lala Elopak S.A. de C.V. | Gómez Palacio, Mexico | 49.0% | Equity method | |
| Tiedemannsbyen DA | Oslo | 50.0% | Equity method | |
| Lofoten Tomteselskap AS | Bodø | 35.0% | Equity method | |
| Hafrsby AS | Stavanger | 14.5% | Equity method | |
| Hunstad Sør Tomteselskap AS | Bodø | 31.6% | Equity method | |
| Tastarustå Byutvikling AS | Stavanger | 33.3% | Equity method | |
| Madla Byutvikling AS | Stavanger | 33.3% | Equity method | |
| Boreal GmbH | Tyskland | 20.0% | Equity method | |
| Siriskjær AS | Stavanger | 50.0% | Equity method | |
| Solheim Byutviklingselskap AS | Stavanger | 33.3% | Equity method | |
| Sporafjell Utviklingsselskap AS | Stavanger | 50.0% | Equity method | |
| Kråkeland Hytteservice AS | Sirdal | 33.5% | Equity method | |
| Non-current shares with ownership >10% | ||||
| Herkules Capital I AS | 40.0% | Fair value | ||
| Current shares with ownership >10% | ||||
| BC SPV I AS | 75.8% | Fair value | ||
| Broodstock Capital Partners AS | 40.% | Fair value | ||
| Credo Invest nr 9 AS | 50.3% | Fair value | ||
| Credo Invest nr 10 AS | 91.3% | Fair value | ||
| Ellertsdal Bostäder Holding AB | 61.8% | Fair value | ||
| Energy Ventures II AS | 26.0% | Fair value | ||
| Energy Ventures II KS | 22.1% | Fair value | ||
| Energy Ventures III AS | 25.0% | Fair value | ||
| Energy Ventures III GP LP | 25.0% | Fair value | ||
| Energy Ventures III LP | 18.7% | Fair value | ||
| Fjord Line AS | 44.6% | Fair value | ||
| Harbert European Real Estate Fund II | 25.9% | Fair value | ||
| Harbert European Real Estate Fund III | 9.8% | Fair value | ||
| Herkules Private Equity Fund II (GP-I) Ltd | 40.0% | Fair value | ||
| Herkules Private Equity Fund II (GP-II) Ltd | 40.0% | Fair value | ||
| Herkules Private Equity Fund II (LP-I) Limited | 74.5% | Fair value | ||
| Herkules Private Equity Fund III (LP-I) Limited | 25.1% | Fair value | ||
| Intera Fund I | 12.0% | Fair value | ||
| Nordic Microfinance Initiative AS | 14.2% | Fair value | ||
| Norwegian Microfinance Initiative AS | 12.5% | Fair value | ||
| NMI Frontier | 12.5% | Fair value | ||
| NMI Fund III | 21.6% | Fair value | ||
| NMI Global | 12.5% | Fair value | ||
| Petroleum Geo-Services ASA | 10.6% | Fair value | ||
| Scatec Solar ASA | 12.5% | Fair value | ||
| SPG Bostad Sverige AB | 58.5% | Fair value | ||
| SPG Bostad Örebro AB | 17.2% | Fair value | ||
| SPG Bostad Kronetorp AB | 37.7% | Fair value | ||
| SPV Herkules II LP | 81.5% | Fair value | ||
| SPV Verdane Winds | 43.6% | Fair value | ||
| The Future Group AS | 14.5% | Fair value | ||