Arctic Securities was ranked No. 1 among the 81 largest corporate finance clients (Tier 1) in Norway in Prosperaís client survey for 2011, which was published in November 2011 (www.prospera.se). Among smaller corporate finance clients (Tier 2), Arctic Securities was ranked No. 4, which gave an overall No.2 ranking. This positive feedback from the Norwegian market is very encouraging for Arctic Securities, and inspires us in our efforts to give our clients superior service and the best possible advice, thus building long term relationships and creating values for our clients.