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2011

PRESS RELEASE 06 DECEMBER 2011

NBIM Seeks Proxy Access at Six US Companies

Norges Bank Investment Management (NBIM), manager of the $550 billion Norwegian Government Pension Fund Global, has filed shareholder proposals for proxy access at six US companies as part of its efforts to strengthen shareholder rights.

16 NOVEMBER 2011

Companies Should Take More Action on Water Risks

Scarce water resources may, like climate change, harm companies' operations and profitability. Yet efforts to manage water-related risks are lagging behind the steps taken to tackle climate change, according to the CDP Water Disclosure global report 2011, published today.

04 NOVEMBER 2011

NFI Starts PhD Scholarship Programme

The Norwegian Finance Initiative (NFI) today introduced a doctorate scholarship programme as part of its efforts to promote financial economic research and education in areas relevant to the long-term management of the Government Pension Fund Global.

PRESS RELEASE 28 OCTOBER 2011

Stock Slump Weighs on Third-Quarter Results

The Government Pension Fund Global returned -8.8 percent, or -284 billion kroner, in the third quarter of 2011 as global stock markets tumbled.

20 OCTOBER 2011

NBIM Signs Investor Statement on Climate Change

Norges Bank Investment Management (NBIM), manager of the Government Pension Fund Global, is one of 285 signatories of the 2011 Global Investor Statement on Climate Change.

15 SEPTEMBER 2011

NBIM Wins Gold for 2010 Annual Report

Norges Bank Investment Management (NBIM), manager of the Government Pension Fund Global, on 14 September won the Farmand prize for the best annual report by a public institution in Norway.

30 AUGUST 2011

NBIM Hosts its First Financial Research Conference

Norges Bank Investment Managment (NBIM), manager of the Norwegian Government Pension Fund Global, is today hosting its first financial research conference.

PRESS RELEASE 24 AUGUST 2011

Scarce Water Resources of Increasing Concern to NBIM

Limited access to clean water is a growing risk for an increasing number of the companies the Government Pension Fund Global invests in. The United Nations forecasts that almost half the world’s population will live in areas facing water stress or water scarcity by 2030. Global demand for water is expected to outstrip supply by 40 percent within the same time, according to McKinsey.

PRESS RELEASE 12 AUGUST 2011

Quarterly Return of 4 Billion Kroner

The Government Pension Fund Global returned 0.3 percent, or 4 billion kroner, in the second quarter of 2011 after rising bond prices outweighed a slump in large parts of the stock markets.

PRESS RELEASE 05 JULY 2011

Fund to Make First Property Investment in France

The Norwegian Government Pension Fund Global agreed today to buy 50 percent of seven properties in and around Paris from AXA Group, the fund’s first real estate investment in France.

PRESS RELEASE 10 JUNE 2011

Walt Disney, Ericsson Among Companies With Top Marks for Child Labour Risk Disclosure

Walt Disney, Ericsson and Hennes & Mauritz were among 9 out of 527 companies to get top marks for managing and reporting on the risks of child labour use and children’s rights violations in their operations and supply chains. Nearly half of the companies in the annual evaluation by NBIM, manager of the Norwegian Government Pension Fund Global, scored zero.

23 MAY 2011

Norwegian Crown Prince Visits NBIM

Norway’s Crown Prince Haakon Magnus visited NBIM’s Oslo office Monday. He was given an introduction to the investment activities and ownership work of the Government Pension Fund Global. The visit was the first to NBIM by a member of the Norwegian royal family.

20 MAY 2011

Olsen, Slyngstad Speak at Parliamentary Hearing on Fund

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. Olsen and Slyngstad each made an introductory statement at the annual hearing before the Norwegian parliament’s Standing Committee of Finance and Economic Affairs.

PRESS RELEASE 13 MAY 2011

Return of 59 Billion Kroner

The Government Pension Fund Global returned 2.1 percent, or 59 billion kroner, in the first quarter of 2011 as stock market gains in Europe and the US offset a drop in Asian share prices.

12 APRIL 2011

NBIM Publishes Three Sector Compliance Reports

01 APRIL 2011

NBIM Makes Organisational Changes

Norges Bank Investment Management (NBIM), which manages the Norwegian Pension Fund Global, has made organisational changes to strengthen its investment management.

PRESS RELEASE 18 MARCH 2011

Fifth Best Year in the Fund’s History

The Government Pension Fund Global returned 9.6 percent, or 264 billion kroner, in 2010, driven by widespread gains in global stock and bond markets.

04 MARCH 2011

Bengt Enge Steps Down as CIO

Chief Investment Officer Bengt Enge will leave Norges Bank Investment Management (NBIM) after 13 years with the organisation.

03 FEBRUARY 2011

NBIM Names Trond Grande as Deputy CEO

Norges Bank Investment Management (NBIM), which manages the Norwegian Government Pension Fund Global, has named Trond Grande as its new deputy chief executive officer after Stephen Hirsch stepped down from the position in October last year. Grande has served as NBIM’s Chief Risk Officer since October 2009. He will assume the new position today.

PRESS RELEASE 13 JANUARY 2011

Fund Signs Regent Street Agreement

Norges Bank, which manages the Norwegian Government Pension Fund Global, today signed an agreement for the fund’s first real estate investment, the purchase of a 150-year lease on a 25 percent stake in The Crown Estate’s Regent Street properties in London.

Last Updated: 31 December 2010

Norges Bank Investment Management (NBIM) | Bankplassen 2, P.O. Box 1179 Sentrum | NO-0107 Oslo, Norway | Tel +47 24 07 30 00 | E-mail contact@nbim.no | Disclaimer