Aibel Trainee program

1. Aibel Trainee program Name: Erik Myrind Date: 25.06.2007

2. Objective & definitions • Develop next generation of managers/project managers with a broad and deep knowledge of Aibel’s business • A trainee is: • A Masters graduate in technology or other relevant degree • Has less than one year’s work experience • Depending on our needs, students or young professionals with a Masters’ degree in economics might be considered as trainees

3. Structure and Duration Trainee program examples Months 0 8 16 24 • Trainees complete a 24 month program divided into 3 periods of 8 months each • Trainees are assigned to different Aibel units for each trainee period • Either the second or third period should take place outside Norway • The trainees will complete Project Management Training and other relevant courses P&F Billingstad Australia MME Stavanger

4. Benefits for the trainees in Aibel • Broad and deep knowledge about Aibel’s business • Professional and personal development in an international environment • Varified and interdisciplinary work experience • Build a broad personal network of relations across the Aibel organization • Unique starting point for future careers

5. Overview of program 1 2 3 Trainees from Norway First trainee period at location in Norway Second trainee period at an international Aibel location Third trainee period at Location in Norway • Introduction • E-learning: Project Man. training • Visits to other locations • Work at an international location • E-learning: Project Man. training • Training: Cross cultural project work & Leadership and Communication • Visits to other locations 1 2 3 International trainees First trainee period in home country (Aibel location) Second trainee period at location in Norway Third trainee period in home country or another Aibel location • Introduction • E-learning: Project Management Training • Training: Cross cultural project work & Leadership and Communication • Visits to other locations • E-learning: Project Man.training • Work at international or home location September – April May – December January – August

6. Professional and social development • An introduction to Aibel at the start of the program: • Meet with representatives from top management and key Aibel personnell • Give the trainees a general view of Aibel values, objectives, structure and organisation • Each trainee will be assigned a buddy who will follow the trainee through the whole program • During the trainee period in Norway • Visits to the different locations in Norway • Thematic days/lectures to give trainees an introduction into Aibels business. • Follow up meetings with the trainee coordinator and other trainees in the same country, at least once per trainee period • One joint meeting with all the trainees in each trainee period • Take part in management meetings? • During the period abroad: • Eight months at on of our international locations • Meet key personell • Knonwledge of Aibel’s international business

7. Training for trainees • Purpose • Give each trainee the skills to master the necessary tools and methods • Enhance further development for the trainees during the program, and provide the best possible foundation for a future career in Aibel • Relevant courses and programs • E-learning: Aibel project management training: Essential Project Management • E-learning: Applied project planning and control • E-learning: Project risk management • E-learning: HSE in Projects • E-learning: Provision? • E-learning: ProArc? • During the final trainee period in Norway • Classroom session: Cross Cultural project work • Classroom session: Leadership and communication