We refer to the Ministry of Finance’s letter of 18 September 2007 enclosing the final
report from Ernst & Young’s review of investment management at Norges Bank. In
the letter, the Ministry asks for the Bank’s comments on the report and also for a more
specific review of risk management in its investment management, particularly in the
light of the additional requirements for the management of market, counterparty and
operational risk which entered into force on 1 January 2006 and are to conform to
internationally recognised standards and methods.