ODIN Norge B

Fund facts Historical Return % (EUR)* Portfolio Manager Vigdis Almestad Portfolio 0,05 23,06 48,19 8,80 12,46 6,85 14,51 Benchmark -0,93 16,99 42,96 6,73 11,17 7,69 10,20 Benchmark (Index) Børs Fondindeks Base Currency NOK Expense Ratio 1,00 % * Returns for periods exceeding 12 months are annualized. Returns prior to the share class inception date are based on calculations from the fund's oldest share class, taking into account the management fee in each share Sub/redemption fee 0 % Fund inception date 27.11.2015 Portfolio Return Last 5 Years % (EUR) Bloomberg Code ODNORGB NO ISIN Code NO0010748205 Fund Size 971,0 mill EUR ODIN Norge is an equity fund that invests in Norwegian companies that can be world-leaders in such sectors as energy, shipping, fishing and other commodity-based activities. It also invests in companies in finance, technology and traditional industry. ODIN's experience and analyses give a focused portfolio with considerable potential.

Sector Allocation 30.07.2021

Financials 19,14 % 18,33 % Consumer staples18,72 % 17,45 % ODIN Norge B Index Industrials 17,97 % 11,62 % Materials 14,05 % 11,14 % Calender Year Returns % (EUR) Energy 10,55 % 13,65 % Telecommunication services9,22 % 15,50 % Information technology4,49 % 6,14 % Consumer discretionary1,47 % 1,38 % 104.6% Real estate 1,47 % 1,83 % Utilities 0,62 % 2,01 % 79.7%

Geographic Allocation 30.07.2021

32.9% 96,41 % 96,96 % 28.9% 29.1% 23.2% 27.3% 23.1% 21.2%18.1% 17.8%20.8% Denmark 1,29 % 2,70 % 13.8% 16.2% 17.0% 8.1% 9.1% 5.6% 9.1%8.3% 1.6% 2.9%0.2% 0.9%0.6% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 -1.8% -4.8%-3.7% -18.3% -28.1%

-60.0% -65.9%

ODIN Norge B Benchmark

Top 10 holdings 30.07.2021 Top 10 Contributors last month Bottom 10 Contributors last month Borregaard 8,14 % Borregaard 1,30 % Orkla A -0,56 % Kongsberg Gruppen 6,00 % Kongsberg Gruppen 0,61 % -0,49 % 5,91 % Schibsted 0,27 % Aker BP -0,45 % Systems 4,82 % Tomra Systems 0,22 % DNB -0,36 % Orkla A 4,64 % Schibsted B 0,20 % -0,32 % 4,26 % Lerøy Seafood Group 0,13 % Måsøval -0,19 % DNB 4,04 % Telenor 0,13 % Veidekke -0,12 % Sparebank 1 SMN, Egenkapitalbevis 4,03 % Forsikring 0,10 % Multiconsult -0,10 % Multiconsult 4,03 % Olav Thon Eiendomsselskap 0,07 % TGS Nopec Geophysical -0,10 % Sparebank 1 SR-Bank 3,90 % Aker A 0,07 % Akastor -0,08 %

Please note that the historical return is not a guarantee of future returns. The future return will among other things depend on market developments, the manager’s skills, the fund’s risk level and the costs of buying units and managing the fund. The return may be negative as a result of share losses.