Povl Asserhøj President, Gastra A/S

GTE 2nd Annual Conference23 and 24 September 2004Copenhagen

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Gastra – A New Independent Company

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Gastra – a New Independent Company

New Identity

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Established 1 January 2004 Owned by the Danish State

Gastra A/SBregnerødvej 133 D3460 Birkerød

Gastra – a New Independent Company

Limited company Independent Supervisory Board

Management

Grid AdministrationMarked

QA

CommunicationSecretariat

HR

It

Technical secr.

Operations

Dispatching

Technology

Customers

Metering

Prices & regulation

Finance & law

Accounting

Internal Service

Gastra Activities

Transmission Network

Transmission network 860 km transmission pipeline 40 M/R stations Annual gas transports 7-8 BCM

Company Core business:

transmission, security of supply, market facilitator

110 employees

Economy Equity 150 mill. Euro Total assets 670 mill. Euro Revenue 120 mill. Euro

M/R stationsOffices

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Gastra's mission & vision

Mis

sion

To create an efficient and competitive natural gas market in Denmark on a satisfactory basis

with respect to both economics and security of supply

Visi

on

To be one of the best and most customer oriented gas transmission

companies in Europe

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GTE – Forum for Cooperation

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GTE – Forum for Cooperation