Opera

RISK

The Norwegian tax code requires shareholders that are taxed in Norway to adjust the historical cost of the shares for the annual "RISK" amounts when calculating gain from the sale of shares.

The "RISK" amount is equal to the result after tax and dividend. As a result, double taxation will be avoided for the part of the gain which is related to previously taxed profit. These rules do not apply to shareholders which are not taxable in Norway.

The "RISK" amount in 2001, 2002 and 2003 was zero.