02.05.2013

To our stakeholders:

I am pleased to confirm that Amesto reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

Sincerely yours,

Arild Spandow
CEO

Amesto will show respect for all individuals. We will work actively to ensure a good working environment characterized by equality and diversity. Discrimination includes all injustice, exclusion or preference based on race, sex, age, handicap, sexual orientation, religion, political stance, national or ethnic origin, or similar conditions that lead to the setting aside or compromise the principle of equality .

Amesto does not accept any form of discrimination against its employees or others involved in Amesto activities.
The employee must, however, regardless of race, gender, age, religion, etc., comply in accordance with the general guidelines that apply to all employees in Amesto

Amesto considers health and safety as key conditions in the Group's business operations. The Group aims to conduct its operations without harm to people or the environment, and without loss of material assets. Reduction of pollution and the protection of the internal and external environment must be in line with society's demands and requirements.
Amesto will be characterized by continuous efforts to improve health and safety.

On the basis of our focus on health and safty there will be prepared new, specific safety and quality systems and procedures for each of the business areas before the end of June. These address the specific needs and risks relating to the different businesses. Employees have a responsibility to familiarize themselves with and work in accordance with the applicable quality systems and procedures for their business.

As we are currently working with new health and safty regulations, there has not been any measurments of outcome yet. We did however, in october, 2012, conduct an emplyee survey, and experienced great results.

Amesto has not been good at focusing on the Environment in the past. We are however now taking action and getting the Norwegian equivilant of the EU Ecolable. We are starting this process in Norway in 2013, and will aim to get Ecolables in Sweden and Denmark in 2014/2015.

We will focus on less use of paper, less travelling and therefor less pollution, through the implementation of Video Confrencing and more energy efficient ways of working. We will also be focusing on employees transportation methods to work and will try to promote the benefits of public transport and walking/cykling to work.
We will also focus on our purchasing procedures and our suppliers, and will send out letters recommending to join the Global Compact

Employees may receive hospitality in the form of social gatherings, meals or entertainment if there is clear business. The cost of such hospitality must be kept within reasonable limits. Travel, accommodation and other expenses for employees in connection with this kind of hospitality, are normally paid by Amesto.
When it comes to supply and acceptance of gifts, hospitality and similar benefits, attendance at local sporting events or social gatherings, the manager should be informed to ensure transparency about this.
As a rule, the same limit (500 NOK / 80 USD) applies if Amesto is giving gifts / benefits to others. Exceptions to this are gifts in connection with corporate anniversary or other major events.
As a general rule, employees do not receive discounts on personal purchases of goods or services by the Group's relations. This paragraph does not apply to general discounts that are offered through Amesto to all employees.
Employees or related parties may not accept loans from any of its compounds. Excluded are loans on normal commercial terms of connection with loans as a regular part of his business as such.

Employees must not, directly or indirectly, accept gifts. With the exception of promotional items of insignificant value (usually a company logo), or other items of lesser value, for example. flowers, a few bottles of wine or chocolates.
In general, individual gifts / benefits up to USD 500 NOK/80 accepted, but each case will be considered, and if in doubt, talk to the manager.
One can receive other gifts in situations where it would clearly offensive to refuse, for example. the representation and traveling abroad. In such cases, the manager immediately informed, and gift handed to Amesto and it will be assessed whether the gift should be retained by the employee or entrusted to the company.

We are being externally audited by KPMG every year, and just ended our audit for 2012 in March.