Updated GIPS report with disclosure on leverage and derivatives

NBIM has updated the GIPS report released in March 2010 with a missing disclosure. The missing disclosure relates to the presence, use, and extent of leverage and derivatives, including a sufficient description of the use, frequency, and characteristics of the instruments to identify risks.

31 May 2010

The disclosure is required under the application of the Global Investment Performance Standards (GIPS®). The missing disclosure has been treated in accordance with NBIM’s error correction guidelines and procedures. The missing disclosure was categorised as material and it was decided that NBIM should correct the presentation with additional information.

GIPS Report

GIPS Manual

Ernst &Young Error Correction Statement