Jan Pihl Grimnes, Chairman of the Board

Mr Grimnes, born in 1961, has served as board member since September 2006 and as Chairman of the Board since May 2007. He holds a MSc in Petroleum Technology from the Norwegian University of Science and Technology (NTNU) and an MBA in Business Economics from the Norwegian School of Economics and Business Administration (NHH). Mr Grimnes has over 20 years experience from the petroleum and IT industries. He has previously worked with Norsk Hydro ASA and Saga Petroleum ASA. He also worked as Managing Director of Geomatic AS and was the founder and Chairman & CEO of Technoguide AS which was acquired by Schlumberger. Currently he is Chairman of FARA ASA, and board member of Q-Free ASA and several non-listed companies. Mr Grimnes is a Norwegian national with residence in Oslo, Norway.