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1 Company Presentation

2 Everyone at Noratel takes pride in the company and their own achievements as transformer specialists. We have been successful in the market for many years, thanks to a dynamic and efficient workforce, good quality products, effective logistics, a market oriented product range and a loyal customers. Noratel has always remained true to its core business of transformer-related products and other wound components. We have identified Europe, North America, China and India as the most interesting markets and have achieved market access through strategic acquisitions in the respective countries. We have always kept it firmly in mind that it must be possible to serve the market properly and establish an effective network of logistics within the area concerned. Customers who get the right product in good time and at competitive prices are loyal customers. We will continue to concentrate on improvements in product quality, innovative designs, and customer relations whilst remaining a professional supplier of high quality products. Based on these core values we will continue growing towards our ambition of becoming the leading global player within the Transformer Industry. Asle Braathen Tandberg (CEO) & Thomas Larsson (Sales & Marketing Director) Asle Braathen Tandberg Thomas Larsson

3 MA JOR GLOBAL PLAYER IN TRANSFORMERS AND REACTORS More than 90 years of experience with transformers and reactors R&D and sales in Europe, Asia and USA Production in Europe, Asia and USA Turnover 100 mill. EUR ISO 9001 & ISO certified

4 Global supplier of transformers and reactors One of Europe s leading suppliers in transformers Turnover mill. Euro EBIT 10% Over 2000 employees across 13 countries ISO 9001 & ISO certified 75% Custom designed products As one of Europe s leading suppliers of transformer products and transformer know-how, Noratel continues to meet worldwide demand for high quality wound components at competitive prices

5 FOCUS ON SCANDINAVIA Established production facilities in Poland. Through acquisitions and organic growth Noratel became the largest Nordic player. BECAME A EUROPEAN PLAYER New sales offices in Germany and Poland. Rapid growth in Germany. GOING GLOBAL More production facilities in Asia in addition to several sales offices in Europe. US OPERATION Established production facility in USA in addition to sales office. Noratel has developed into a major global player offering a wide range of products. Our promise to the market is high quality products, competitive prices, and on-time deliveries.

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7 RENEWABLE AUTOMATION MEDICAL MOTOR DRIVES WHOLESALER / STANDARD SHIP & OFFSHORE MOBILITY AUDIO

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9 LONG TERM RELATIONS CROSS FUNCTIONAL R&D COMPANY STABILITY QUALITY FOCUS TOTAL SECURITY! COMPETITIVE PRICES ON-TIME DELIVERIES FLEXIBEL PRODUCTION TECHNICAL KNOWLEDGE

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12 Noratel consider quality and the environment to be of paramount importance. Our years of success are derived from the quality of products and service we offer. Our quality administration systems conform to the ISO 9001:2008 and 14001:2004 environmental standards, with all products following the RoHS directive (2002/95/EC). Additionally we have implemented ISO 13485:2010 for our medical transformer business. We are committed to maintaining and improving quality standards and ensure all environmental issues are adhered to. Through significant on-going investments in personnel, plant and factories, Noratel continue to achieve and maintain the highest standards of production output at all times. Microprocessor controlled winding machines, automated test equipment, gas annealing ovens and professionally trained personnel, ensure that the products Noratel offer, whether it be a small inductor or a complex 3-phase power transformer, is a guaranteed reliable production process.

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