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<br /> IFU PROJECT PORTFOLIO 2014<br /> 2 | IFU PROJECT PORTFOLIO 2014<br /> Statement by the management on the<br /> IFU Project Portfolio 2014<br /> The executive board has today considered and approved the IFU<br /> Project Portfolio 2014.<br /> The IFU Project Portfolio 2014 has been listed and presented in<br /> accordance with the methodology and definitions described on<br /> page 42.<br /> We consider the methodology and definitions used appropriate and<br /> the estimates made reasonable. To the best of our belief, the IFU<br /> Project Portfolio 2014 includes the information which is relevant for<br /> an assessment of the Fund's engagement in active and terminated<br /> projects. Accordingly, it is our opinion that the IFU Project Portfolio<br /> 2014 has been listed and presented in accordance with the described<br /> methodology and definitions.<br /> Copenhagen, 26 March 2015<br /> Executive board:<br /> Tommy Thomsen, CEO<br /> Torben Huss, Executive<a title="IFU Project Portfolio 2014 page 1" href="http://viewer.zmags.com/publication/4d5e40a2?page=1"> IFU PROJECT PORTFOLIO 2014</a> <a title="IFU Project Portfolio 2014 page 2" href="http://viewer.zmags.com/publication/4d5e40a2?page=2"> 2 | IFU PROJECT PORTFOLIO 2014 Statement by</a> <a title="IFU Project Portfolio 2014 page 3" href="http://viewer.zmags.com/publication/4d5e40a2?page=3"> 3 | IFU PROJECT PORTFOLIO 2014 - AFRICA IFU </a> <a title="IFU Project Portfolio 2014 page 4" href="http://viewer.zmags.com/publication/4d5e40a2?page=4"> 4 | IFU PROJECT PORTFOLIO 2014 - AFRICA PR</a> <a title="IFU Project Portfolio 2014 page 5" href="http://viewer.zmags.com/publication/4d5e40a2?page=5"> 5 | IFU PROJECT PORTFOLIO 2014 - AFRICA PR</a> <a title="IFU Project Portfolio 2014 page 6" href="http://viewer.zmags.com/publication/4d5e40a2?page=6"> 6 | IFU PROJECT PORTFOLIO 2014 - AFRICA PR</a> <a title="IFU Project Portfolio 2014 page 7" href="http://viewer.zmags.com/publication/4d5e40a2?page=7"> 7 | IFU PROJECT PORTFOLIO 2014 - AFRICA PR</a> <a title="IFU Project Portfolio 2014 page 8" href="http://viewer.zmags.com/publication/4d5e40a2?page=8"> 8 | IFU PROJECT PORTFOLIO 2014 - AFRICA PR</a> <a title="IFU Project Portfolio 2014 page 9" href="http://viewer.zmags.com/publication/4d5e40a2?page=9"> 9 | IFU PROJECT PORTFOLIO 2014 - AFRICA PR</a> <a title="IFU Project Portfolio 2014 page 10" href="http://viewer.zmags.com/publication/4d5e40a2?page=10"> 10 | IFU PROJECT PORTFOLIO 2014 - AFRICA P</a> <a title="IFU Project Portfolio 2014 page 11" href="http://viewer.zmags.com/publication/4d5e40a2?page=11"> 11 | IFU PROJECT PORTFOLIO 2014 - AFRICA P</a> <a title="IFU Project Portfolio 2014 page 12" href="http://viewer.zmags.com/publication/4d5e40a2?page=12"> 12 | IFU PROJECT PORTFOLIO 2014 - AFRICA P</a> <a title="IFU Project Portfolio 2014 page 13" href="http://viewer.zmags.com/publication/4d5e40a2?page=13"> 13 | IFU PROJECT PORTFOLIO 2014 - AFRICA P</a> <a title="IFU Project Portfolio 2014 page 14" href="http://viewer.zmags.com/publication/4d5e40a2?page=14"> 14 | IFU PROJECT PORTFOLIO 2014 - AFRICA P</a> <a title="IFU Project Portfolio 2014 page 15" href="http://viewer.zmags.com/publication/4d5e40a2?page=15"> 15 | IFU PROJECT PORTFOLIO 2014 - AFRICA P</a> <a title="IFU Project Portfolio 2014 page 16" href="http://viewer.zmags.com/publication/4d5e40a2?page=16"> 16 | IFU PROJECT PORTFOLIO 2014 - ASIA IFU I</a> <a title="IFU Project Portfolio 2014 page 17" href="http://viewer.zmags.com/publication/4d5e40a2?page=17"> 17 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 18" href="http://viewer.zmags.com/publication/4d5e40a2?page=18"> 18 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 19" href="http://viewer.zmags.com/publication/4d5e40a2?page=19"> 19 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 20" href="http://viewer.zmags.com/publication/4d5e40a2?page=20"> 20 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 21" href="http://viewer.zmags.com/publication/4d5e40a2?page=21"> 21 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 22" href="http://viewer.zmags.com/publication/4d5e40a2?page=22"> 22 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 23" href="http://viewer.zmags.com/publication/4d5e40a2?page=23"> 23 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 24" href="http://viewer.zmags.com/publication/4d5e40a2?page=24"> 24 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 25" href="http://viewer.zmags.com/publication/4d5e40a2?page=25"> 25 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 26" href="http://viewer.zmags.com/publication/4d5e40a2?page=26"> 26 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 27" href="http://viewer.zmags.com/publication/4d5e40a2?page=27"> 27 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 28" href="http://viewer.zmags.com/publication/4d5e40a2?page=28"> 28 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 29" href="http://viewer.zmags.com/publication/4d5e40a2?page=29"> 29 | IFU PROJECT PORTFOLIO 2014 - ASIA PRO</a> <a title="IFU Project Portfolio 2014 page 30" href="http://viewer.zmags.com/publication/4d5e40a2?page=30"> 30 | IFU PROJECT PORTFOLIO 2014 - EUROPE IFU</a> <a title="IFU Project Portfolio 2014 page 31" href="http://viewer.zmags.com/publication/4d5e40a2?page=31"> 31 | IFU PROJECT PORTFOLIO 2014 - EUROPE P</a> <a title="IFU Project Portfolio 2014 page 32" href="http://viewer.zmags.com/publication/4d5e40a2?page=32"> 32 | IFU PROJECT PORTFOLIO 2014 - EUROPE P</a> <a title="IFU Project Portfolio 2014 page 33" href="http://viewer.zmags.com/publication/4d5e40a2?page=33"> 33 | IFU PROJECT PORTFOLIO 2014 - GLOBAL IFU</a> <a title="IFU Project Portfolio 2014 page 34" href="http://viewer.zmags.com/publication/4d5e40a2?page=34"> 34 | IFU PROJECT PORTFOLIO 2014 - GLOBAL P</a> <a title="IFU Project Portfolio 2014 page 35" href="http://viewer.zmags.com/publication/4d5e40a2?page=35"> 35 | IFU PROJECT PORTFOLIO 2014 - LATIN AMERI</a> <a title="IFU Project Portfolio 2014 page 36" href="http://viewer.zmags.com/publication/4d5e40a2?page=36"> 36 | IFU PROJECT PORTFOLIO 2014 - LATIN AME</a> <a title="IFU Project Portfolio 2014 page 37" href="http://viewer.zmags.com/publication/4d5e40a2?page=37"> 37 | IFU PROJECT PORTFOLIO 2014 - LATIN AME</a> <a title="IFU Project Portfolio 2014 page 38" href="http://viewer.zmags.com/publication/4d5e40a2?page=38"> 38 | IFU PROJECT PORTFOLIO 2014 - LATIN AME</a> <a title="IFU Project Portfolio 2014 page 39" href="http://viewer.zmags.com/publication/4d5e40a2?page=39"> 39 | IFU PROJECT PORTFOLIO 2014 - LATIN AME</a> <a title="IFU Project Portfolio 2014 page 40" href="http://viewer.zmags.com/publication/4d5e40a2?page=40"> 40 | IFU PROJECT PORTFOLIO 2014 - LATIN AME</a> <a title="IFU Project Portfolio 2014 page 41" href="http://viewer.zmags.com/publication/4d5e40a2?page=41"> 41 | IFU PROJECT PORTFOLIO 2014 - LATIN AME</a> <a title="IFU Project Portfolio 2014 page 42" href="http://viewer.zmags.com/publication/4d5e40a2?page=42"> 42 | IFU PROJECT PORTFOLIO 2014 Note to 2014</a> <a title="IFU Project Portfolio 2014 page 43" href="http://viewer.zmags.com/publication/4d5e40a2?page=43"> </a> <a title="IFU Project Portfolio 2014 page 44" href="http://viewer.zmags.com/publication/4d5e40a2?page=44"> IC ECOL D A R B O E N L BUCHS.DK IN</a>