Welcome! Fetsund, Monday 18 April 2016

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DigiPlex Fet AS (DFAS)Senior Secured Bond Issue 2014 / 2019

ISIN NO0010712870

DigiPlex Norway AS (DNAS)Senior Secured Bond Issue 2015 / 2019

ISIN NO0010741747

Bondholder Update

18 April, 2016 Name of presenter

Disclaimer

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• This presentation (the “Presentation”) has been produced by DigiPlex Fet AS (“DigiPlex Fet” or “DFAS” ) and DigiPlex Norway AS (“DigiPlex Norway” or “DNAS”) (DFAS and DNAS collectively the “Companies”) exclusively for information purposes for investors in the Companies' respective bond issues “FRN DigipPex Fet AS Senior Secured Bond Issue 2014/2019“ with ISIN NO 0010712870 and ”FRN DigiPlex Norway AS Senior Secured Bond Issue 2015/2019” with ISIN NO 0010741747 (the “Bond Issues”).

• The information contained in this Presentation has not been independently verified. No representation or warranty (express or implied) is made as to the accuracy or completeness of any information contained herein, and it should not be relied upon as such. The Companies do not intend, and do not assume any obligation to update the Presentation. None of the Companies or any of their respective parent or subsidiary undertakings or affiliates or any such person’s directors, officers, employees, advisors or representatives shall have any liability whatsoever arising directly or indirectly from the use of this Presentation. By attending a meeting where this Presentation is made, or by reading the Presentation slides, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Companies and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Companies, their business and their shares and other securities.

• The contents of the Presentation are not to be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.

• AN INVESTMENT IN THE COMPANIES' BONDS INVOLVES RISK, AND SEVERAL FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANIES TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS PRESENTATION, INCLUDING BUT NOT LIMITED TO RISKS OR UNCERTAINTIES ASSOCIATED WITH THE COMPANIES’ BUSINESS, ASSETS, CONTRACT COVERAGE, DEVELOPMENT, FINANCING AND RELATIONS WITH CUSTOMERS. THESE AND OTHER UNCERTAINTIES ARE CLOSELY RELATED TO THE ASSUMPTIONS USED IN THIS PRESENTATION. SHOULD SUCH UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THIS

PRESENTATION.

Disclaimer

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• This Presentation contains certain forward-looking statements relating to the business, financial performance and results of the Companies and/or the industry in which they operate. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes”, “expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets” and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Companies or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. Neither the Companies nor any of their parent or subsidiary undertakings or any such person’s officers or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted developments.

• This Presentation is not for distribution in the United Kingdom, the United States, Canada, Japan, Hong Kong or Australia or any other jurisdiction where the distribution of this Presentation could involve a breach of laws or regulations or involve any registration requirement or any requirement for the publication of a prospectus, registration document or similar.

• This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities (including the bonds in the Bond Issues) in any jurisdiction.

• This Presentation speaks as of the date set out on its front page. Neither the delivery of this Presentation nor any further discussions between any of the Companies, any advisors of the Companies and the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Companies since such date. Neither of the Companies intend to assume or assume any obligation to update the Presentation or any of the information included herein.

• This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of Norwegian courts.

Agenda

• DigiPlex Update

• Our Data Centres

• IBM/Softlayer at DFAS

• Financial Update

• Summary

• Q&A

• Lunch

• Tour on location

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Ready for tomorrow

DigiPlex Update

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Long term partner

DigiPlex

One of the leading data centre builders and operators in Europe with offices in Norway, Sweden and the UK

DigiPlex’s data centres provide energy efficient & highly secure housing for mission critical systems for all types of occupiers: systems integrators, corporations and government agencies

Privately owned since its inception

Operating in the Nordic region since 2001

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DigiPlex in the Nordic region

Largest data centre operator in Norway

with 3 data centres in operation

1 operating data centre at Ulven, Oslo

with ~4,500 m2 “white space”

1 operating data centre at Rosenholm

Oslo with ~1,500 m2 “white space”

New data centre in Fet municipality with

4,200 m2 “white space” and 20 year term

agreement with EVRY AS, guaranteed by

EVRY ASA

Building the largest commercial datacentre

in Sweden. 6,000 m2 “white space”, part of

future DC campus with 20,000 m2

available land to host wholesale customers

NASDAQ = First customer in the

datacentre from January 2016

Actively egaged in identifying sites in

Finland and Denmark

Background

Why DigiPlex loves the Nordics- the data centre perspective

• Lower cost of power

• Plentiful supply of renewable energy

• Cool climate reduces operating costs evenfurther

• Extremely reliable power grid

• Ample connectivity

• Stable political climates

• Strong economies

• Low geographical risk region

DigiPlex: Recognised Leader for InnovationMost Recent Awards for Innovation

INNOVATIONS IN FINANCE

• Oslo Bond Issuance #1 2014 (DFAS) – Europe’s first ever data centre bond in Europe; World’s first ever data centre bond financing construction

• Oslo Bond Issuance #2 2015 (DNAS) – Europe’s second ever data centre bond issuance

INNOVATIONS IN DESIGN & ENGINEERING

• DCD 2012 EMEA Award for ‘Future Thinking & Design Concept’

• DCD 2015 EMEA Award for ‘Enterprise Data Centre’

• DCD 2015 EMEA Finalist for ‘Service Provider’ and ‘Data Centre Impact’

• MIPIM 2015 Finalist for EMEA ‘Best Innovative Green Building’

• International Security Awards 2014 Finalist ‘Enterprise Risk Management Project of the Year’

• Uptime Institute 2015 Finalist for ‘Best Security Award’

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DigiPlex market share in Norway 2016

Company

Occupied

space, m2 Share

DigiPlex 10,200 55%

Basefarm 2,000 11%

Green Mountain 1,600 9%

TDC 1,250 7%

Availo 1,200 6%

Verizon 830 4%

Broadnet 800 4%

Webhuset 420 2%

Kvantel 300 2%

Sum 18,600 100%

55%

11%

9%

7%

6%

4%4%

2%2%

Estimated market shares (occupied space in m2)

DigiPlex

Basefarm

Green Mountain

TDC

Availo

Verizon

Broadnet

Webhuset

Kvantel

DFAS

DFAS’s sole customer, EVRY AS, is classified as an Integrator.

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Contracted revenue – sector breakdown

DNAS and DigiPlex Rosenholm AS (”DRAS”)

39% of contracted revenue is with government affiliated entities, underlining the credit quality of DigiPlex’s customers.

Our Data Centres

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100% up time

Our Nordic sites

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Further Nordic expansion is planned

Ulven, Oslo Rosenholm, OsloFetsund, OsloUpplands Väsby, Stockholm

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DigiPlex Stockholm 1 AB (DS1)Upplands Väsby, Stockholm

• NASDAQ accepted its Data Halls in January 2016

• > 20 MW power

• Air-to-Air evaporative cooling system operating at a PUE of 1.1

• Carrier neutral

• 24/7 onsite security with state-of-the-art systems

• Electromagnetic pulse (EMP) protection

• Plans for further expansion – 20 000 m²

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DigiPlex Norway AS (DNAS) Ulven, Oslo

• Concrete frame over 4 levels

• Renewal rate 98+%

• 95+% occupied

• 7.6 MVA provision increasable to 12 MVA

• Free air cooled chilled water system

• High grade fire suppression system

• Carrier neutral

• 24/7 onsite security with state-of-the-art systems

• Electromagnetic pulse (EMP) protection

• Plans for further expansion

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DigiPlex Rosenholm AS (DRAS)Rosenholm, near Oslo

• Reinforced concrete bunkers

• 95+% occupied

• High grade fire suppression system

• Carrier neutral

• 24/7 onsite security with state-of-the-art systems

• Card access systems throughout

• Electromagnetic pulse (EMP) protection

• Further expansion initiated

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DigiPlex Fet AS (DFAS)Fetsund, near Oslo

• Phase 1 opened in January 2015 (6 phases - all delivered on time)

• 10 MW power

• IT density 2 kW/m2

• Air-to-Air evaporative system operating at a PUE of 1.1

• Tailored for EVRY, one of the largest IT companies in the Nordics

• Fetsund data centre will enable the accelerated transformation of EVRY’s improvement program

• IBM Softlayer will be installed in the data centre in 2016 as a part of EVRY’s and IBM’s cloud proposition

• Plans for further expansion

IBM/Softlayer at DFAS

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Tailored Solutions

EVRY – The Softlayer deal

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• On 1 October 2015 EVRY signed a USD 1 billion, 10 year partnership deal with IBM.

• As a result, Softlayer will become EVRY’s main provider of cloud infrastructure services.

• EVRY and IBM/Softlayer will provide these services from our Data Centre at Fetsund.

• This is just another way that DigiPlex is enabling the cloud!

Financial update

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Sustainable business

Historical Earnings – DNAS, DRAS and DFAS

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The Ulven data centre (DNAS) opened in 2002, Rosenholm (DRAS) in 2010 and Fetsund (DFAS) in 2015.

DFAS revenue and EBITDA ramped up during 2015.

Source: Pre 2015 are from audited accounts. 2015 are from Q4 2015 report (un-audited).

• Each phase was delivered on time.

• As you can see, financial performance increased as the additional phase was handed over.

• Financial source: Q4 2015 report (un-audited).

DFAS - 2015 Financial performance

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(each 700m2) Delivery date

Phase 1 19-Jan-15

Phase 2 13-Mar-15

Phase 3 1-Jun-15

Phase 4 1-Sep-15

Phase 5 1-Jan-16

Phase 6 3-Mar-16

Free cash flow – DNAS and DRAS

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The negative free cash flow for DRAS in 2013 and 2014 is due to CapEx required to achieve full build-out.

Source: Pre 2015 are from audited accounts. 2015 are from Q4 2015 report (un-audited).

Free cash flow – DFAS

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Source: Pre 2015 are from audited accounts. 2015 are from Q4 2015 report (un-audited).

Summary & Closing

• Construction risk is over at DFAS; all 6 phases completed and handed over on time; with final acceptance by EVRY taking place one month ahead of schedule on 3rd March 2016

• EVRY’s occupancy has been greatly enhanced by the IBM Softlayer deal

• Bondholders position is similarly enhanced

• DNAS & DRAS continue to benefit from almost full occupancy and high renewal rates

• Observed market trends continue to be favourable

Questions & Answers

Thank you

Lunch

Tour on location