Energi Danmark Securities

Jan Rigtrup Jan Rigtrup Director, Energi Danmark Securities +45 3544 0409

Education:

Economist - HD U (international trade) from the Copenhagen Business School and also a commercial education in marketing business.

Background/Experience:

Originally, Jan started as trainee in DONG Energy in 1996 with focus areas such as sales, financial trading, production, analysis and risk management. From 2000, he was employed as Market Analyst at Elektra Energihandel (today: Energi Danmark Securities). In 2005, he was promoted to Portfolio Manager with focus on the most important portfolio customers in regime of Elektra. Today he has built up more than 20 years of experience in the energy sector.

Responsibilities:

Develops and optimises hedging portfolios, risk management strategies and is on a daily basis working out various analyses, which are used in the whole group of Energi Danmark as well as own customers around Scandinavia. These analyses are also used externally in connection with the “One Stop Shop” concept.

Julie Jochimsen Kurzweg Julie Jochimsen Kurzweg Portfolio Manager - Currently on leave +45 3544 0407

Education:

Graduated from Copenhagen Business School in 2012 with a Masters Degree in Finance and Accounting.

Background/Experience:

Julie has a theoretical financial background, and previously worked as Assistant Sales Manager at Nordea Markets while finishing her studies. Her primary responsibilities included risk reporting and presentation material for client meetings. In 2012 she was employed at Energi Danmark Securities as Business Controller and worked with optimisation, risk reporting internally and externally and development of the portfolio management concept at Energi Danmark Securities. In 2015 Julie was employed as Portfolio Manager.

Responsibilities:

As Portfolio Manager at Energi Danmark Securities, Julie makes market- and risk analysis and manages client portfolios on a daily basis - including consulting, trading, reporting, and risk management.

Kresten Therkildsen Kresten Therkildsen Senior Portfolio Manager +45 3544 0406

Education:

Investment Manager in Sydbank 1990 – 2001.

Background/Experience:

Kresten is educated in the banking system with almost 20 years of experience within financial areas as Stock trading, Bond trading, Currency trading, Portfolio Management and Risk Management. Subsequently Kresten was employed in 2001 at Elektra Energihandel as Portfolio Manager with the responsibility to the company’s most important customers, among these the owners of Elektra Energihandel. At the merger in 2005 with Energi Danmark, he was employed as Managing Director and Head of Portfolio management to make sure that this area of competence was proceeded into the new merged company.

Responsibilities:

Kresten has the overall responsibility for the whole group in connection to Portfolio Management of power and related products. He has built up a great experience regarding the Nordic power trading market, including Portfolio Management and Risk Management.

Malene Poulsen Malene Poulsen Portfolio Manager +45 3544 0411

Education:

Graduated from Copenhagen Business School in 2005 with a Master Degree in Economics and Marketing.

Background/Experience:

Malene has several years' experience within the energy sector. Before she started at Elektra in 2008 (now Energi Danmark Securities), she worked as Key Account Manager at Hovedstads Regionens Naturgas, where she was responsible for the most important costumers. Malene was involved with the development of the product portfolio as well as the daily nomination of the gas consumption.

Responsibilities:

As Portfolio Manager at Energi Danmark Securities, Malene is making market analysis, Risk Management as well as portfolio optimisation.

Mattias Hellberg Mattias Hellberg Head of Portfolio Management +46 704 40 60 02

Education

M.Sc in economics (Finance) at the University of Lund.

Background/Experience:

Mattias started as a Junior Trader at Stockholm Energy 1998 with special focus on options. From 1999-2002 he worked as Trader and Portfolio Manager at Alfakraft. Mattias is co-founder of the company Shepherd Energy AB - a company under the Swedish Financial Supervisory Authority. Here he worked as Analyst and responsible Fund Manager for Shepherd Energy Fund/Portfolio. The analysis service is today one of the leading services in the Nordic power market. Since December 2016 Mattias has been working as Portfolio Manager at Energi Sverige with focus on the Swedish clients.

Responsibilities:

As Head of Portfolio Management at EDS, Mattias is organizing the daily work at the desk and make sure that all the necessary routines are in place. Part of the work is also to continuously develop the portfolio management services and to communicate that both internally and externally. Customer-wise most focus is on the active customers in mostly the Swedish market.

Michael Gesterling Michael Gesterling Portfolio Manager +46 70 698 37 23

Education:

MBA (Finance) from Hawaii Pacific University, MScBA (Finance) from Jönköping International Business School.

Background/Experience:

Michael has more than ten years' experience from different positions within the Nordic energy market. Additionally to portfolio management, his experience from strategic business development and market intelligence gives him wide knowledge of energy markets and risk management. Michael has been employed in Energi Danmark Securities since 2014.

Responsibilities:

As Portfolio Manager at Energi Försäljning Sverige AB (Energi Danmark Securities), Michael makes market analysis, risk analysis and gives advise to Swedish portfolio management customers. He also develops risk management and hedging strategies.

Stefan Andersson Stefan Andersson Portfolio Manager +46 761 084 570

Education:

Bachelor of Science (BSc) in Control and Maintenance.

Background/Experience:

Originally, Stefan worked for Öresundskraft as a production engineer. During 1999 and 2000, he worked as Portfolio Manager at the company ELISA A/S. From 2001 to 2007, Stefan worked as Product Manager (large customers) at E ON. Before he started at Energi Försäljning Sverige AB (Energi Danmark Securities) in May 2009 as Portfolio Manager, he worked since 2007 as Portfolio Manager at Halmstad Energi och Miljö.

Responsibilities:

As Portfolio Manager at Energi Försäljning Sverige AB (Energi Danmark Securities), Stefan makes market analysis and risk analysis and gives advice to Swedish portfolio management customers. He also optimises and trades the companies’ environmental related product portfolios, power certificates and Guarantees of origin.

Jaakko Kontio Jaakko Kontio Portfolio Manager +358 40 748 5987

Education:

Master of Science from University of Oulu, Degree program in finance. Swedish School of Economics: Certified Financial Analyst. London Business School: Carbon Finance and Analytics program.

Background/Experience:

Jaakko has several years of experience from electricity companies such as Helsingin Energia, E.ON Finland Oy and Loiste Energia Oy. He has worked with financial energy since year 2000 and has held positions like trader, portfolio manager and head of portfolio management. He has solid understanding of electricity markets and has also been active on being member of the financial regulation, wholesale and capacity market committees of Finnish Energy Industries. Jaakko also has experience from the gas market in Finland. Jaakko has been employed in Energi Danmark Securities since 2016.

Responsibilities:

As Finnish speaking Portfolio Manager at Energia Myynti Suomi (Energi Danmark Securities), Jaakko is responsible for portfolio optimisation for Finnish customers, as well as advising and helping them to develop hedging and risk management strategies.

Lena Kapanen Lena Kapanen Portfolio Manager +358 509 132 803

Education:

M.Sc in Economics at Åbo Akademi and B.Sc in Chemistry at Stockholm University.

Background/Experience:

Lena has more than ten years of experience from portfolio management in Investment service companies on the power market pursuant to Finnish Act on Investment Firms (MiFID). Additional to portfolio management and risk management she has experience from trading financial instruments both futures and options at Nasdaq, ECX and IPE. She has also been a member of the Financial regulation committee of the Finnish Energy. Lena has been employed in Energi Danmark Securities since October 2017 and before that she was portfolio manager at EM Finance Oy.

Responsibilities:

As Swedish and Finnish speaking Portfolio Manager at Energia Myynti Suomi (Energi Danmark Securities) Lena is responsible for portfolio management and reporting for Finnish PM customers, as well as advising and helping them to develop hedging and risk management strategies.

Dirk Hegermann Dirk Hegermann Portfolio Manager +45 3544 0413

Education:

Graduate in Business Administration (Diplom-Betriebswirt BA) from Wirtschaftsakademie Schleswig-Holstein.

Background/Experience:

Dirk is looking back on more than 15 years of experience in the energy sector. Following a vocational training at German regional electricity supplier WEMAG AG and parallel with the studies of Business Administration, he spent an internship at the European Energy Exchange, EEX, in Leipzig before joining Vattenfall Energy Trading as a Young Professional acting in various roles. Before joining Energi Danmark Securities in the beginning of 2016, he has been responsible for logistics and position management regarding coal and biomass and was involved in the procurement process for internal and external customers.

Responsibilities:

As a German speaking Portfolio Manager, Dirk complements the team by being responsible for portfolio management for German customers, providing market and risk analysis and helping them to develop hedging and risk management strategies.