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GLITNIR GEOTHERMAL ENERGY OVERVIEW Glitnir is a growing financial services group with strong foundations in its Nordic home markets, Iceland and Norway, offering universal banking and financial services. Services include retail, corporate and investment banking, stock trade/brokerage and capital management. The Bank’s drives its international expansion, based on two specialized industry sectors: Seafood and Geothermal Energy, where the bank has developed significant industry expertise built on its Icelandic and Norwegian heritage. Glitnir has served the energy industry in Iceland for decades and today works with companies in this sector all over the world. Activities in these industry sectors require strong commitment, experience, knowledge and expertise, which Glitnir has accumulated through its dedicated industry teams. Operating on a global level those industry teams have been essential in building the leading position of the bank in those industry sectors. Glitnir focuses on all applications utilizing Geothermal Energy. The Bank’s Global Geothermal Energy team is based in Reykjavik, Iceland, and works globally with the support of the Bank’s offices and subsidiaries abroad. UNIQUE BASIS FOR SUSTAINABLE ENERGY SERVICES • Home markets, Iceland & Norway with more than 99% of electricity production from renewables (~9% in the United States). • Iceland, one of the leaders of geothermal energy utilization for electricity production & direct use. • Currently installed capacity (geothermal) in Iceland 422 MWe. • Strategic partners with leading positions in the sector. GLITNIR GEOTHERMAL BUSINESS ORIGINATION • Extensive geographical and industry research. • Industry player mapping & networks. • Advisory for players in the geothermal sector, across the whole “value chain”. • Glitnir Geothermal Team members are located in: - Iceland and the U.S., but act globally HOW CAN WE AS A GLOBAL LEADER IN GEOTHERMAL ENERGY HELP YOU TO GROW? With our unique background and experience, we have a strong foundation for our activities in this industry. Our dedicated industry team, including geothermal reservoir specialists, provides us with unparalleled market knowledge in combination with strong banking skills. This enables us to fulfill the needs of companies across the value chain of the geothermal industry sectors providing opportunities for growth. Our expertise and understanding of the industry, as well as our ongoing efforts to promote geothermal energy makes us a valuable partner for our clients and companies in the industry. SELECTED CUSTOMERS/ DEALS September 2007 – Glitnir Geothermal Research 35PDF Image | GEOTHERMAL ENERGY MARKET REPORT
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