LETTERE I OLJE, NORSK LEDIGHET, US BNP SDRL, SKAB & KVAER

ANALYSE Aksjemarkedet i dag LETTERE I OLJE, NORSK LEDIGHET, US BNP SDRL, SKAB & KVAER Etter at representanter for sentralbanken benyttet taletid til å holde spekulasjonene rundt tidspunktet for en første renteøkning i live, og markedet samtidig ser risiko knyttet til dagens nøkkeltall, trakk det amerikanske aksjemarkedet ned igjen i går etter onsdagens løft. Dow og Nasdaq stengte ned 0.2%, mens S&P500 var ned 0.1%. Volumet på de tre hovedindeksene lå på 94-96% av snittet for de siste tre måneder. I Asia bidrar en fortsatt svekket Yen-kurs og samtidig noe mer støtte fra oljeprisen til å løfte det japanske markedet i morgentimene i dag. Nikkei stenger opp 0.3%. Etter gårsdagens fall på nyheter knyttet til finanssektoren ser også markedene i Kina ut til å ha roet seg noe igjen og kan vise til en dempet oppgang. Mens vi Europa fortsatt kan følge med på forhandlingene knyttet til den greske gjeldssituasjonen vil interessen i USA i første rekke rette seg mot oppdateringen av BNP-tallene for Q1, samt innkjøpssjefsindeksen og nye målinger av forbrukertilliten for mai. I Norge får vi i tillegg oppdaterte ledighetstall for mai i løpet av formiddagen. I oljemarkedet steg WTI-prisen i går med USD 0.19 pr fat til USD 57.80 pr fat. I morgentimene i dag ligger prisen på USD 58.22 pr fat. Brent åpner i dag på USD 62.99 pr fat, opp USD 1.23 pr fat i forhold til nivået ved stengetid i det norske markedet i går. Gårsdagens løft kom etter at trekket på de amerikanske råoljebeholdningene forrige uke var høyere enn ventet. Også trekket på drivstofflagrene lå over forventningene. Seadrill rapporterte i går en EBITDA på USD 711 mill, hvilket var 5% over vårt estimat og 12% over konsensus. Kommentarene rundt utsiktene var imidlertid dempede, med forventninger om et fortsatt svakt marked inn i 2016, og aksjen reagerte ned. Ved stengetid var kursen ned 6.5% til NOK 95.15 pr aksje. For vår del venter vi at det svekkede markedet vil kunne vedvare inn i 2017 og videre, samt at dette vil kunne bekreftes i form av at aktørene allerede gjennom de neste månedene melder om forlengede avtaleperioder på bekostning av reduserte rater. Vi opprettholder en salgsanbefaling på Seadrill med et kursmål på NOK 50 pr aksje. I entreprenørbransjen gir enkeltkontrakter ofte begrensede utslag i kursen, men vi kan få et unntak i det svenske markedet i dag etter at Skanska skal være innstilt som leverandør for et betydelig prosjekt på La Guardia flyplassen i New York. Kontrakten er estimert til i overkant av SEK 30 mrd, og Skanska har en andel i anbudet på rundt 70%. Vi har en kjøpsanbefaling på Skanska med et kursmål på SEK 220 pr aksje, og aksjen stengte i går på SEK 177.30 pr aksje. Det ser ut til å gå mot spennende dager i Kværner etter signaler om at det kan nærme seg en beslutning vedrørende kontrakten for dekket til boligenheten på Johan Sverdrup-feltet. En eventuell positiv bekreftelse fra Kværner vil i tilfelle kunne bli en kortsiktig trigger for aksjen, men i våre estimater ligger vi på den annen side allerede inne med et bidrag fra dette oppdraget. Kursen sluttet i går på NOK 5.58 pr aksje og vi har en salgsanbefaling med et kursmål på NOK 5.10 pr aksje. Det kan imidlertid bli volatilt i dagene fremover. Selskap Tidspunkt Konsensus Genesco - 0.71 Våre anbefalte aksjer: - TIL - OCY - LSG - NAS - NHY - HLNG - SNI - WWASA YTD DNB: +19% YTD OSE: +13% Internasjonale børser Siste Endr. % Dow Jones 18,126-37 -0.20 S&P 500 2,121-3 -0.13 NASDAQ 5,098-9 -0.17 Nikkei 225 20,581 30 0.14 Euro 500 275-1 -0.42 Danmark-KFX 994-7 -0.69 Finland-HEX 8,723-54 -0.62 Norge-OSEBX 645-1 -0.16 Sverige-SAX 546 0 0.09 Valuta/råvarer Siste I går Endr. % EUR/USD 1.095 1.095 0.00 USD/JPY 123.8 124.0 0.12 USD/NOK 7.801 7.806 0.00 EUR/NOK 8.547 8.545-0.02 Siste Endr. Endr. % CRB indeks 221-0.81-0.37 Brent sp. ($/bbl) 61.6 0.46 0.75 Brent 1m ($/bbl) 63.0 0.96 1.55 Alum. 3m ($/ton) 1,776.5 24.50 1.40 US Nat.gass 2.8-0.05-1.76 Renter Siste I går Endr. USA 10år 2.128 2.129 0.00 Tyskl. 10år 0.530 0.547-0.02 Norge 10år 1.568 1.602-0.03 USA 3m 0.284 0.285 0.00 Euro 3m -0.013-0.013 0.00 Norge 3m 1.440 1.490-0.05 Land Nøkkeltall Danmark Ledighet 09.00 - Sverige BNP Q1 09.30 0.7% Norge Detaljhandel 10.00 0.3% Norge Ledighet 10.00 2.9% Italia BNP Q1 10.00 - USA BNP Q1 14.30-0.9% USA Innkjøpssjefsindeks 15.45 53 DNB Markets følger markedet konstant og nå kan du følge oss på Twitter. Slik gjør vi det enda lettere for deg å forstå hva som skjer. Sjekk oss ut på twitter.com/dnbmarkets ANALYSTS Ole-Andreas Krohn Ole-Andreas.krohn@dnb.no TLF: 08940 Please see the last page for important information

DNB Markets Sentrale US-INDekser SENTRALE US-INDEKSER Endring Endring Endring Endring Gj.snittlig Siste i poeng 1 dag (%) 1 mnd.(%) hittil i år(%) est. P/E Dow Jones Industrial 18,126-36.87-0.20 0.50 1.70 15.65 S&P 500 2,121-2.69-0.13 0.66 3.01 18.73 Nasdaq Composite 5,098-8.62-0.17 1.48 7.64 30.44 Russel 2000 1,253-1.26-0.10 0.49 4.02 44.11 Amex naturgass-indeks (XNG) 738-10.19-1.36-6.46 1.43 30.18 Amex Oil Service Indeks 212-1.30-0.61-3.31 0.38 15.02 Philadelphia-børsens oljeproduksjon-indeks (XOI) 1,343-1.52-0.11-6.70-0.38 18.61 Amex farmasi-indeks (DRG) 595 2.59 0.44 2.19 11.60 22.99 Nasdaq biotech-indeks 3,822-17.60-0.46 5.91 20.28 87.51 Philadelphia-børsens halvleder-indeks (SOX) 743 0.92 0.12 7.38 8.21 22.12 S&P 500 Paper & Forest Index ( PAFO) 227-0.86-0.38-0.68-1.62 0.00 NORDISKE AKSJER I USA Sluttkurs USA Endr.1 dag Volum USA Sluttkurs USA, Sluttkurs Forskjell sluttkurs (USD) (USD) hjemlig valuta hjemme USA/hjemlig Norge Frontline 3.06 0.21 4,765,021 23.87 23.50 0.37 Royal Caribbean Cruises 76.32 0.50 1,811,250 595.37 599.50-4.13 Questerre (CAD) 0.29-0.01 6,460 1.79 1.83-0.04 Statoil 18.62-0.20 1,863,238 145.25 145.80-0.55 Yara 49.94-0.55 5,371 389.58 391.20-1.62 Sverige AstraZeneca 68.90 0.15 2,313,092 583.53 584.00-0.47 Finland (EUR) Nokia 7.38 0.20 9,784,582 6.74 6.76-0.01 Danmark Novo Nordisk B 57.12-0.11 1,105,660 389.11 386.50 2.61 SAMMENLIGNBARE SELSKAPER (PEERS) BEST -1d% Peer SVAKEST -1d% Peer Furniture Brands Intern #N/A N/A EKO Saipem -3.0 BWO Dell Inc #N/A N/A KOM Rowan -2.5 SDRL Overseas Shipholding G#N/A N/A FRO Stora Enso -2.3 NSG Ubs #N/A N/A DNB CVRD -2.2 NHY Exact Holding #N/A N/A Axa -1.7 STB Furniture Brands Intern #N/A N/A EKO Exmar -1.7 GOL Ericsson 3.3 ELT Technip -1.5 SUB TDC 3.3 TEL Transocean Inc -1.5 FOE Polycom 2.6 TAA Repsol -1.4 STL Daily Mail And General 1.7 SCH Diamond -1.3 SDRL RÅVARER & SHIPPING Siste I går Endr. %1D 1W 1M 3M YTD 12M 52W H 52W L CRB indeks 220.9 220.9 0.7 0.33-6 -6.4-3.2-9.0-86.4 313.3 206.8 GS råvare indeks 3,157 3,157 14.4 0.5% - 139-104 -27-76 -1,879 5,214 2,856 Oil Brent Spot 61.56 61.31 0.25 0.41-3 -2.10-0.25 5.80-49.51 Brent olje 1m 63.02 62.58 0.44 0.70-2 -2.82 0.44 5.69-46.95 115.71 45.19 Brent olje 3m 64.07 63.63 0.44 0.69-2 -3.09 0.09 4.88-44.37 114.44 47.68 WTI olje 1m 58.24 57.68 0.56 1.06-2 -0.34 8.48 4.97-45.34 107.73 42.03 Flybensin 589.25 589.25-6.50-1.09-36 -19.00-22.00 16.25-375.50 Naturgass US Henry Hub 2.77 2.77-0.05-1.94-0 0.24 0.01-0.23-1.78 Fyringsolje 188.6 187.0 1.5 0.8-10 - 6-41.3 3.9-103.3 307.1 158.9 Metals Aluminium 3m 1,777 1,777 39 2.2-7 -98-39 -76-64 2,120 1,731 Nikkel 12,810 12,810-15 - 0.1-305 -635-1,285-2,340-6,510 19,990 12,205 Kopper 6,095 6,095 15 0.2-125 -23 200-205 -849 7,212 5,340 Gull 1,189 1,188 1 0.1-17 -15-24 5-66 1,345 1,131 Shipping WS AG - Japan, 250 dwt 65 0 0 0-13 5 15 8 35 WS AG - USG, 250 dwt 40 40-3 -6-10 8 13 8 15 Containerships index 0 0 0.0 0.0% - 0 0 0 0 0 Baltic dry index 588 588 1.0 0.17-18 -7 48-194 -352 1,484 0 509 2

DNB Markets US-INTRADAG REBASERT US-INTRADAG REBASERT 104 103 102 101 100 99 98 97 96 95 OSX (Oljeservice) XOI (Oljeproduksjon) Oljepris (WTI) S&P500 Olje / Indekser Endring USA Endring Endring Endring close/close US-open/Oslo-close Oslo-close/US-close US-close/this morning WTI - -0.14% 0.19% 1.06% Oljeservice -0.61% -1.62% 0.93% Oljeproduksjon -0.11% -0.77% 0.69%. Kilde: Bloomberg/DNB Markets 3

DNB Markets S&P 500-indekser på bransjenivå S&P 500-INDEKSER PÅ BRANSJENIVÅ 1 dag 1 mnd. 3 mnd. 1 år hittil i år est. P/E Bildeler 1.2% 4.7% 6.7% 12.9% 13.1% 15.4 Farmasi 0.6% 2.7% 4.6% 19.3% 8.2% 18.6 Kjemikalier 0.4% 0.2% -1.0% 4.5% 4.6% 18.0 Drikkevarer 0.3% 1.7% -3.1% 9.8% 2.1% 21.6 Kraft 0.2% -1.4% -2.3% 4.3% -7.6% 15.9 Industrielle konglomerater 0.2% 2.6% 2.9% 7.1% 5.8% 19.8 Forsikring 0.1% 1.3% 1.7% 7.2% -0.1% 11.5 Helseartikler 0.0% 1.2% 0.5% 22.6% 5.1% 19.6 Matvarer 0.0% 2.1% 5.9% 10.7% 6.7% 20.7 Internett programvare og -tjenester 0.0% -0.3% 0.0% 8.5% 3.2% 24.3 Metall -0.1% -5.6% -4.7% -18.6% -4.8% 21.2 Datamaskiner og tilbehør -0.1% 1.8% 0.6% 32.9% 10.7% 14.0 Kommunikasjonsutstyr -0.2% 1.8% -1.1% 2.8% 0.9% 14.4 Elektrisk utstyr -0.2% 4.8% 4.1% -3.5% 3.8% 17.4 Husholdningsartikler -0.2% -0.8% -5.4% 0.3% -9.7% 20.6 Bank -0.2% 2.8% 4.5% 12.2% 1.0% 12.2 Diversifiserte telekomtjenester -0.2% -1.6% -0.6% -1.1% 3.5% 13.7 Olje og gass -0.3% -5.7% -2.2% -16.3% -3.6% 31.0 Papir- og skogprodukter -0.4% -0.7% -6.6% 14.1% -1.6% 13.5 Elektronisk utstyr og instrumenter -0.4% 1.3% -6.2% 9.1% 1.5% 17.3 Media -0.4% 1.1% 2.8% 13.7% 4.6% 18.8 Legemiddelindustri og bioteknologi -0.4% 3.2% 6.3% 31.2% 22.8% 19.6 Fritidsutstyr -0.5% -3.8% 6.2% -11.5% 1.5% 20.6 Programvare -0.5% -2.0% 5.1% 16.5% 3.5% 20.0 Energi og relatert utstyr -0.6% -4.6% 5.3% -23.5% 3.0% 22.9 Hotell og restaurant -0.6% 1.3% 2.0% 10.5% 7.7% 24.3 Luftfart -0.6% -10.1% -13.1% 12.4% -17.2% 6.9 Bygg og anlegg -0.6% -3.9% -1.1% -20.8% -2.8% 13.7 Bioteknologi -0.7% 3.7% 2.2% 36.8% 9.3% 17.6 Maskiner -0.9% 1.7% 1.9% -1.8% 0.5% 17.2 MSCI EUROPA PÅ BRANSJENIVÅ Endring Endring Endring Endring Endring Gj.snittlig 1 dag 1 mnd. 3 mnd. 1 år hittil i år est. P/E Teknologisk utstyr 1.1% 2.0% -5.1% 19.6% 9.0% 20.46 Helsevern - utstyr og tjenester 0.6% 5.1% 4.9% 36.5% 18.1% 24.47 Programvare og tjenester 0.1% 2.5% 11.4% 28.0% 22.4% 19.97 Drikkevarer, mat og tobakk 0.0% 2.9% 1.2% 23.6% 17.6% 20.85 Finansieringsselskaper -0.1% 4.2% 10.3% 23.8% 25.4% 13.94 Detaljhandel -0.2% 4.9% 3.9% 26.9% 18.8% 22.07 Forsyningsselskaper -0.2% 2.7% 2.5% 8.1% 7.8% 15.81 Mat- og apotekhandel -0.3% 1.7% 0.6% 3.5% 22.7% 18.67 Telekommunikasjon og tjenester -0.4% 1.8% 2.5% 23.6% 17.4% 21.11 Kommersielle tjenester og leveranser -0.4% 3.4% 3.8% 20.0% 21.3% 18.74 Forbruksvarer og klær -0.5% 1.7% 1.8% 16.7% 17.9% 19.90 Materialer -0.5% 1.5% 0.6% 9.3% 17.5% 18.79 Media -0.5% 4.0% 5.4% 37.0% 24.1% 20.73 Hotell-, underholdnings- og restaurantvirksomhet -0.6% 3.6% 5.2% 34.8% 19.5% 21.82 Kapitalvarer -0.7% 2.9% 3.4% 14.4% 19.6% 18.05 Husholdningsvarer og personlige produkter -0.7% 4.8% 5.3% 31.2% 25.0% 24.22 Banker -0.7% 1.9% 6.8% 10.5% 16.8% 12.53 Eiendomsselskaper -0.8% -0.5% -3.3% 25.4% 16.4% 22.74 Transport -0.9% 0.2% 1.1% 13.8% 16.4% 15.85 Energi -0.9% -2.8% 0.1% -8.7% 11.5% 17.24 Forsikring -1.3% 1.8% 0.5% 22.8% 14.4% 11.60 Biler og komponenter -1.7% 1.1% 2.5% 23.4% 28.7% 11.43 4

DNB Markets Indekser INDEKSER DOW 30 Kurs Endring Endring Endring siste 1 dag 1 mnd 1 år DU PONT (E.I.) DE NEMOURS 71.44 0.9% -3.7% 3.6% INTEL CORP 34.01 0.9% 3.4% 26.1% PFIZER INC 34.44 0.4% 0.4% 16.4% MERCK & CO. INC. 59.70 0.4% 0.0% 3.5% GENERAL ELECTRIC CO 27.63 0.4% 2.0% 3.3% WALT DISNEY CO/THE 110.53 0.1% 0.7% 31.5% UNITEDHEALTH GROUP INC 119.62 0.1% 5.3% 50.7% CISCO SYSTEMS INC 29.35 0.1% 1.0% 18.9% CHEVRON CORP 103.24 0.1% -7.6% -15.6% VISA INC-CLASS A SHARES 69.56 0.1% 3.3% 29.6% COCA-COLA CO/THE 41.14 0.0% 1.6% 1.2% UNITED TECHNOLOGIES CORP 117.69 0.0% 2.0% 1.2% HOME DEPOT INC 112.19 0.0% 3.2% 40.4% JOHNSON & JOHNSON 101.15 0.0% 0.8% 0.4% EXXON MOBIL CORP 85.11 0.0% -3.1% -16.0% AMERICAN EXPRESS CO 80.09 0.0% 3.8% -12.3% VERIZON COMMUNICATIONS IN 49.54-0.1% -1.8% -0.4% PROCTER & GAMBLE CO/THE 79.33-0.1% -0.7% -1.3% 3M CO 160.87-0.1% 2.5% 13.0% INTL BUSINESS MACHINES CO 171.71-0.2% -1.5% -6.6% TRAVELERS COS INC/THE 102.15-0.2% -0.7% 8.6% APPLE INC 131.78-0.2% 2.4% 45.2% GOLDMAN SACHS GROUP INC 208.48-0.3% 5.0% 29.7% MICROSOFT CORP 47.45-0.3% -3.3% 17.6% JPMORGAN CHASE & CO 66.20-0.4% 4.1% 18.8% WAL-MART STORES INC 74.84-0.5% -3.9% -1.5% BOEING CO/THE 142.33-0.5% -2.6% 5.3% NIKE INC -CL B 102.30-0.5% 2.1% 33.9% CATERPILLAR INC 86.01-2.2% -1.7% -17.0% MCDONALD'S CORP 96.48-2.2% -0.6% -4.8% S&P 500-30 fra toppen S&P 500-30 fra toppen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år WESTERN DIGITAL CORP 99.23 5.1 % 3.5 % 13.9 % GAMESTOP CORP-CLASS A 40.92 3.7 % 4.0 % 7.2 % JOHNSON CONTROLS INC 53.00 3.0 % 3.6 % 9.5 % RALPH LAUREN CORP 131.85 2.8 % -1.7 % -13.9 % CHIPOTLE MEXICAN GRILL INC 629.42 2.8 % -0.1 % 15.4 % VF CORP 71.08 2.4 % -2.9 % 13.4 % MOLSON COORS BREWING CO 74.54 2.2 % 0.6 % 14.1 % ACTAVIS PLC 313.08 2.1 % 8.6 % 46.7 % ELI LILLY & CO 76.41 2.0 % 5.7 % 28.5 % EBAY INC 60.56 2.0 % 2.9 % 20.8 % UNDER ARMOUR INC-CLASS A 78.38 1.9 % -0.7 % 54.3 % SEAGATE TECHNOLOGY 56.37 1.9 % -3.1 % 6.2 % MARATHON PETROLEUM COR 102.77 1.8 % 0.2 % 14.4 % STAPLES INC 16.49 1.7 % 3.1 % 45.0 % NEWMONT MINING CORP 27.47 1.6 % 3.7 % 20.7 % GENERAL MOTORS CO 36.39 1.6 % 2.5 % 5.6 % FOSSIL GROUP INC 71.90 1.6 % -14.6 % -30.9 % FOSSIL GROUP INC 71.90 1.6 % -14.6 % -30.9 % BOSTON SCIENTIFIC CORP 18.27 1.6 % 3.9 % 40.6 % GAP INC/THE 38.50 1.5 % -2.9 % -5.8 % AGL RESOURCES INC 50.32 1.5 % -2.2 % -4.8 % NEXTERA ENERGY INC 102.27 1.4 % -0.4 % 5.9 % GENWORTH FINANCIAL INC-CL 7.86 1.4 % -11.9 % -54.2 % NVIDIA CORP 22.14 1.4 % 0.0 % 16.8 % OCCIDENTAL PETROLEUM COR 77.73 1.2 % -3.0 % -18.9 % LEUCADIA NATIONAL CORP 24.97 1.2 % 4.9 % -2.6 % BRISTOL-MYERS SQUIBB CO 69.15 1.1 % 7.6 % 39.6 % NISOURCE INC 47.36 1.1 % 7.6 % 27.5 % AETNA INC 116.39 1.0% 7.8% 50.8% S&P 500-30 fra bunnen S&P 500-30 fra bunnen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år CHESAPEAKE ENERGY CORP 14.05-4.8 % -7.0 % -48.6 % SOUTHWESTERN ENERGY CO 25.68-3.7 % -4.3 % -43.9 % CONSOL ENERGY INC 28.50-3.5 % -7.7 % -36.2 % JOY GLOBAL INC 39.65-3.2 % -7.0 % -31.9 % RANGE RESOURCES CORP 55.48-3.1 % -10.6 % -39.6 % QEP RESOURCES INC 18.64-2.5 % -20.5 % -41.6 % CABOT OIL & GAS CORP 33.85-2.3 % 0.5 % -7.4 % EQT CORP 85.64-2.2 % -4.2 % -18.4 % CIMAREX ENERGY CO 114.36-2.2 % -9.4 % -12.7 % MCDONALD'S CORP 96.48-2.2 % -0.6 % -4.8 % CATERPILLAR INC 86.01-2.2 % -1.7 % -17.0 % TRIPADVISOR INC 76.80-2.2 % -6.0 % -21.8 % EXPEDITORS INTL WASH INC 45.98-2.1 % -0.4 % 1.1 % FRONTIER COMMUNICATIONS 5.17-2.1 % -25.2 % -11.0 % ONEOK INC 42.21-2.1 % -13.1 % -34.7 % AGILENT TECHNOLOGIES INC 41.75-2.0 % -0.5 % 2.5 % PITNEY BOWES INC 22.24-1.9 % -1.4 % -19.4 % AMGEN INC 157.35-1.9 % -2.3 % 35.6 % PIONEER NATURAL RESOURC 148.69-1.9 % -15.0 % -29.2 % ALTERA CORP 46.97-1.9 % 15.3 % 41.3 % HARLEY-DAVIDSON INC 54.02-1.7 % -5.0 % -24.2 % SALESFORCE.COM INC 72.68-1.7 % -2.6 % 33.6 % AUTODESK INC 54.55-1.7 % -8.4 % 3.5 % ALLEGHENY TECHNOLOGIES 33.02-1.6 % -3.5 % -20.1 % DEAN FOODS CO 18.20-1.6 % 9.1 % 4.6 % APACHE CORP 59.79-1.6 % -12.8 % -35.8 % INTUITIVE SURGICAL INC 485.80-1.6 % -2.7 % 29.6 % BROADCOM CORP-CL A 56.25-1.6 % 26.7 % 78.7 % NEWFIELD EXPLORATION CO 36.79-1.6 % -7.3 % 0.2 % PACCAR INC 65.17-1.6 % -1.6 % 4.3 % CA INC 30.70-1.5 % -4.6 % 6.0 % EXPEDIA INC 109.24-1.5 % 13.5 % 48.5 % Nasdaq 100-30 fra toppen Nasdaq 100-30 fra toppen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år STAPLES INC 16.49 1.7 % 3.1 % 45.0 % GARMIN LTD 46.22 1.7 % 1.5 % -21.5 % TESLA MOTORS INC 251.45 1.6% 8.2% 19.6% CHECK POINT SOFTWARE TEC 85.19 1.6 % -0.6 % 30.9 % NVIDIA CORP 22.14 1.4 % 0.0 % 16.8 % KRAFT FOODS GROUP INC 85.14 1.0 % 0.1 % 44.2 % INTEL CORP 34.01 0.9 % 3.4 % 26.1 % MYLAN NV 72.68 0.9 % -2.4 % 46.1 % BED BATH & BEYOND INC 71.76 0.9 % 1.1 % 17.7 % SANDISK CORP 69.59 0.8 % 2.6 % -28.0 % MONDELEZ INTERNATIONAL IN 40.47 0.8 % 4.6 % 8.0 % NETAPP INC 33.26 0.7 % -9.6 % -10.2 % AVAGO TECHNOLOGIES LTD 142.38 0.6 % 21.7 % 101.1 % LINEAR TECHNOLOGY CORP 48.04 0.6 % 3.9 % 4.1 % MICRON TECHNOLOGY INC 28.28 0.5 % -2.0 % -1.0 % DISH NETWORK CORP-A 70.30 0.5 % 2.6 % 18.1 % KLA-TENCOR CORP 60.27 0.5 % 1.7 % 14.2 % STARBUCKS CORP 51.81 0.4 % 2.3 % 41.7 % LIBERTY INTERACTIVE CORP-A 28.32 0.4 % -1.8 % 14.9 % ROSS STORES INC 96.94 0.4 % -2.8 % 43.1 % GILEAD SCIENCES INC 112.85 0.3 % 10.3 % 37.5 % SYMANTEC CORP 24.81 0.3 % -0.3 % 11.9 % COGNIZANT TECH SOLUTIONS 64.84 0.2 % 8.2 % 32.4 % CISCO SYSTEMS INC 29.35 0.1 % 1.0 % 18.9 % APPLIED MATERIALS INC 20.36 0.1 % 1.7 % 0.4 % NXP SEMICONDUCTORS NV 110.79 0.1 % 16.1 % 78.6 % AUTOMATIC DATA PROCESSIN 85.97 0.1 % 0.7 % 23.2 % O'REILLY AUTOMOTIVE INC 222.67 0.1 % 0.8 % 52.0 % ACTIVISION BLIZZARD INC 25.73 0.1 % 10.9 % 24.0 % DISCOVERY COMMUNICATION 31.02 0.0 % 2.8 % -18.0 % Nasdaq 100-30 fra bunnen Nasdaq 100-30 fra bunnen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år SIRIUS XM HOLDINGS INC 3.80-2.6% -4.5% 14.5% VIMPELCOM LTD-SPON ADR 6.14-2.4% 7.3% -26.6% TRIPADVISOR INC 76.80-2.2% -6.0% -21.8% EXPEDITORS INTL WASH INC 45.98-2.1% -0.4% 1.1% AMGEN INC 157.35-1.9% -2.3% 35.6% ALTERA CORP 46.97-1.9% 15.3% 41.3% AUTODESK INC 54.55-1.7% -8.4% 3.5% LIBERTY VENTURES - SER A 40.57-1.6% -4.3% 24.2% LIBERTY GLOBAL PLC-SERIES 53.54-1.6% 6.0% 24.4% INTUITIVE SURGICAL INC 485.80-1.6% -2.7% 29.6% BROADCOM CORP-CL A 56.25-1.6% 26.7% 78.7% PACCAR INC 65.17-1.6% -1.6% 4.3% CA INC 30.70-1.5% -4.6% 6.0% VIACOM INC-CLASS B 67.34-1.5% -6.8% -21.4% C.H. ROBINSON WORLDWIDE I 62.50-1.4% -3.4% 4.3% LIBERTY GLOBAL PLC-A 57.69-1.4% 10.3% 27.4% ALEXION PHARMACEUTICALS 166.19-1.1% -4.3% -0.8% AMAZON.COM INC 426.57-1.1% -0.7% 35.9% LIBERTY MEDIA CORP - C 37.93-1.1% -2.3% #VALUE! CHARTER COMMUNICATION-A 176.36-1.1% -6.3% 23.6% MATTEL INC 25.86-1.0% -9.0% -33.4% CELGENE CORP 114.93-0.9% 1.5% 50.0% ELECTRONIC ARTS INC 63.27-0.9% 7.9% 82.0% AKAMAI TECHNOLOGIES INC 77.03-0.9% 2.5% 40.6% LIBERTY MEDIA CORP - A 38.12-0.9% -2.7% 12.7% COSTCO WHOLESALE CORP 144.26-0.8% -0.1% 30.6% TRACTOR SUPPLY COMPANY 88.37-0.7% -0.1% 38.9% BIOGEN INC 400.10-0.7% 4.3% 25.1% MONSTER BEVERAGE CORP 129.20-0.6% -7.2% 87.2% RENTER & VALUTA Renter Siste I går Endr. 1W 1M 3M YTD 12M Norge - Nibor 3m 1.440 1.440-0.050-0.09-0.06 0.10-0.04-0.41 USA - Libor 3m 0.284 #N/A N/A -0.002 0.00 0.00 0.02 0.03 0.05 Euro - Euribor 3m -0.013-0.013 0.000-0.001-0.008-0.052-0.091-0.327 Norge 10 år stat 1.568 1.568-0.033-0.10 0.11 0.15 0.03-1.11 USA 10 år stat 2.128 2.136-0.007-0.08 0.09 0.14-0.04-0.34 Euro 10 år stat 0.530 0.530-0.024-0.11 0.37 0.20-0.01-0.81 Tyskland 10 år stat 0.530 0.530-0.024-0.11 0.37 0.20-0.01-0.81 Japan 10 år stat 0.396 0.401-0.005-0.02 0.10 0.06 0.07-0.18 UK 10 år stat 1.824 1.824-0.058-0.15 0.13 0.03 0.07-0.72 Valuta Siste I går Endr. 1W 1M 3M YTD 12M 52W H 52W L EUR/USD 1.095 1.095 0.000-0.007-0.018-0.024-0.115-0.265 1.370 1.046 USD/JPY 123.8 124.0-0.150 2.3 4.8 3.7 4.1 22.0 124.5 101.1 GBP/USD 1.533 1.531 0.002-0.016-0.011-0.004-0.025-0.139 1.719 1.457 USD/NOK 7.801 7.806 0.000 0.158 0.281 0.107 0.358 1.839 8.419 5.935 EUR/NOK 8.547 8.545 0.002 0.125 0.174-0.059-0.469 0.431 9.897 8.077 GBP/NOK 11.967 11.953 0.015 0.122 0.353 0.140 0.359 1.994 12.441 9.964 5

DNB Markets ETF/ETP ETF/ETP Endring Endring Endring Endring ET F N avn Kurs 1 dg. i % 5 dg. i % 1 mnd i % 1 år i % Valuta Vo lum A ksjer / Indekser Forsyningstjenester XLU 44.57 0.2 % -0.2 % -0.4 % 5.0 % USD 9986942 TecDax TDXPEX 16.06 0.2 % -0.9 % 6.8 % 32.2 % EUR 2453 S&P Euro 350 IEV 46.73 0.1 % -1.1 % 1.1 % -6.4 % USD 186737 Russell 2000 IWM 124.64-0.1% -0.4 % 0.7 % 9.9 % USD 18631916 S&P 500 SPY 212.46-0.1% -0.2 % 0.9 % 10.4 % USD 74974560 Finansielle tjenester XLF 24.82-0.1% -0.4 % 2.1 % 11.6 % USD 17790870 DJIA DIA 181.29-0.1% -0.8 % 0.7 % 8.7 % USD 3660851 Forbruksvarer XLP 49.1-0.1% -0.5 % 1.2 % 9.9 % USD 5741289 Russell 2000 Growth IWO 153.32-0.2 % -0.1% 1.8 % 16.7 % USD 427463 S&P M idcap 400 M DY 279.62-0.2 % -0.4 % 1.2 % 11.2 % USD 1098872 Teknologi USA XLK 43.69-0.2 % 0.6 % 1.2 % 15.6 % USD 4664843 Nasdaq 100 QQQ 110.71-0.2 % 0.6 % 1.2 % 21.3 % USD 17302408 Japan EWJ 13.17-0.2 % -0.7 % -0.2 % 13.9 % USD 25262845 AEX-Nederland AEXT 49.39-0.2 % -2.9 % 0.2 % 22.1 % EUR 1810 Dow Jones Total market THRK 158.93-0.4 % -0.6 % 0.5 % 10.5 % USD 3097 Energi XLE 78.48-0.4 % -1.6 % -5.4 % -17.7 % USD 12164179 Industri XLI 56.37-0.5 % -0.8 % 0.4 % 4.2 % USD 5775316 Latin-America 40 ILF 30.4-0.6 % -4.7 % -6.6 % -20.5 % USD 572358 Bioteknologi IBB 364.89-0.6 % 0.4 % 5.8 % 51.4 % USD 1554108 CAC-40 CAC 52.01-0.8 % 0.0 % 3.5 % 12.9 % EUR 101584 Brasil EWZ 33.16-0.8 % -6.9 % -8.9 % -30.2 % USD 17384555 DAX DAXEX 103.25-0.8 % -1.5 % 1.2 % 16.4 % EUR 23754 Oil Service OIH 36.73-0.9 % -1.0 % -4.3 % -30.7 % USD 5469030 FTSE 100 ISF 698.9-1.2 % -1.0 % 0.5 % 2.3 % GBp 4733954 Emerging M arkets EEM 41.52-1.3 % -2.9 % -4.6 % -3.8 % USD 42689075 Pacific ex-japan EPP 45.99-1.4 % -1.1 % -4.1% -8.6 % USD 194284 Hong Kong EWH 23.89-1.8 % -0.2 % -0.1% 12.8 % USD 6429052 Olje / Energi Naturgass NGAS 0.073-3.7 % -9.9 % 3.7 % -48.4 % USD 2736143 WTI-Oil USO 19.56 0.4 % -1.4 % -2.8 % -48.4 % USD 26848081 Bensin UGAS 32.835-0.1% -3.1% -2.7 % -40.1% USD 2503 Fyringsolje HEAT 14.795-1.1 % -4.1% -4.9 % -36.1% USD 0 Brent-olje OILB 35.97-1.5 % -3.9 % -7.0 % -49.7 % USD 56689 WTI-olje OILW 28.845-1.6 % -2.7 % -4.9 % -48.0 % USD 1750 Råolje CRUD 13.688-1.7 % -2.9 % -4.6 % -48.3 % USD 411158 M etaller Sølv SLV 15.97 0.1 % -2.4 % 1.0 % -12.7 % USD 4236815 Sink ZINC 6.79125 1.4 % 1.0 % -3.6 % 4.7 % USD 0 Aluminium ALUM 3.05 0.7 % -1.5 % -7.5 % -9.6 % USD 2500 Gull BULL 14.76 0.1 % -1.8 % -1.9 % -6.8 % USD 0 Bomull COTN 2.1055-0.1% -0.8 % -5.6 % -18.1% USD 19000 Kobber COPA 28.05-0.2 % -2.3 % -1.2 % -13.0 % USD 3199 A ndre råvarer Svinekjøtt HOGS 0.785 1.4 % 2.8 % 5.3 % -32.4 % USD 400 Kveg CATL 8.1013 1.3 % 2.2 % 2.4 % 12.1 % USD 0 Hvete WEAT 0.9935 0.6 % -3.6 % 2.2 % -27.3 % USD 62553 Soyaolje SOYO 4.281 0.4 % -0.8 % 0.9 % -22.4 % USD 0 Soyabønner SOYB 20.775 0.4 % -1.2 % -5.7 % -29.3 % USD 0 Kaffe COFF 1.5095 0.4 % -8.2 % -8.9 % -38.2 % USD 64228 M ais CORN 1.159 0.3 % -1.7 % -3.6 % -32.3 % USD 255321 Sukker SUGA 9.159 0.1 % -6.2 % -8.9 % -43.9 % USD 1131 R åvarekurver Energi AIGE 5.745-1.2 % -4.6 % -2.7 % -44.9 % USD 144348 Edle metaller AIGP 16.56 3.2 % -2.2 % -1.3 % -8.5 % USD 13701 Buskap AIGL 3.6695 1.3 % 2.5 % 3.3 % -6.0 % USD 0 Korn AIGG 4.273 0.6 % -2.2 % -3.0 % -30.4 % USD 0 Industrimetaller AIGI 11.68 0.5 % -1.4 % -3.8 % -12.7 % USD 20705 Landbruk AIGA 5.425 0.5 % -2.5 % -4.0 % -30.2 % USD 1360683 Ex-Energi AIGX 9.1225 0.4 % -1.8 % -2.7 % -19.6 % USD 0 Softs (Sukker, Kakao, Bomull) AIGS 4.045 0.0 % -5.5 % -8.2 % -35.3 % USD 1874 Råvarer AIGC 10.14-0.4 % -2.9 % -2.9 % -27.1% USD 51111 6

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