Dovre Group Oyj

Earnings Release • Mar 4, 2015

The financial information of Norwegian Petroleum Consultants Group AS (NPC) contained herein has not been independently verified by Dovre Group Plc in connection with the negotiated transaction, but Dovre Group has relied on the information provided by the sellers. Final 2014 financials will be available after the audit for 2014 has been completed.

NPC Group P&L

NOKm	2013	2014
Sales income	573,3	556,4
Other revenue	14,5	19,8
Total revenues	587,7	576,2
EBITDA excluding non-recurring items	16,0	18,1
% as of sales	2,8 %	3,3 %

NPC Group Balance sheet

NOKm	2014
Assets
Intangible fixed assets	19,2
Buildings/Residential properties/land	-
Tangible fixed assets	0,7
Financial fixed assets	0,2
Receivables	99,2
Prepayments/Accruals	0,4
Investments	-
Cash and cash equivalents	18,3
Assets total	138,1
Equity and liabilities
Equity	30,5
Deferred tax	4,9
Long term debt	0,0
Accounts payable	13,6
Tax payable	0,4
Tax witholdings and deductions	11,0
Public debt and duties	18,8
Dividends payable	(0,0)
Other short term debt	59,0
Equity and liabilities total	138,1

* 2013 Pro Forma

* 2014 Management information