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In view of media enquiries in connection with a complaint against POSCO (South Korea), pension fund ABP/APG (Netherlands) and Norges Bank (Norway) filed by Lok Shakti Abhiyan, the South Korean Trans National Corporations Watch, the Fair Green and Global Alliance and the Forum for Environment and Development, the following information is provided as clarification:

Norges Bank Governor Øystein Olsen and NBIM CEO Yngve Slyngstad today spoke at a parliamentary hearing in Oslo on the management of the Government Pension Fund Global.

The Government Pension Fund Global posted a 5.45 percent return on its equity holdings, or the equivalent of NOK 219 billion, in the first quarter.

The return on the Government Pension Fund Global in 2012 was 13.4 percent, the fund’s second best performance ever.

The Norwegian Government Pension Fund Global bought 49.9 percent of five office properties in the US, its first investment in the world’s largest real estate market, through a joint venture with TIAA-CREF.