Í SLANDSSTOFA Promote Iceland May 15, 2013

1. STATE OF ALASKA Susan Bell, Commissioner, Department of Commerce, Community, and Economic Development ÍSLANDSSTOFA Promote Iceland May 15, 2013

2. Alaska’s Strengths • Worldwide recognition that Alaska is unique, scenic, and large • Abundance of natural resources • Fiscally sound –AAA bond rating and budget discipline • Strategic Arctic location • Economic development across all sectors—particularly mining, energy, tourism and transportation • Opportunities for investment and trade Page 2 Prepared by the Alaska Department of Commerce, Community, and Economic Development

3. Alaska Tourism • Governor Parnell supporting growth through: • Reasonable taxes and fees • Robust marketing efforts • Regulatory and permitting reform Page 3 Prepared by the Alaska Department of Commerce, Community, and Economic Development

4. Alaska Fisheries and Seafood • Alaska and Iceland are partners in the FAO-based sustainable seafood management programs • Partners at the Boston Seafood Show and Brussels Seafood Exposition • Taxes and fees used to fund marketing • Alaska Seafood Marketing Institute • Small business loans for commercial fishing and mariculture • Incentives for value-added processing • Funding for regional aquaculture associations Page 4 Prepared by the Alaska Department of Commerce, Community, and Economic Development

5. Alaska Fisheries and Seafood Exports Page 5 Prepared by the Alaska Department of Commerce, Community, and Economic Development

6. Alaska Fisheries and Seafood Statistics • Alaska’s largest employer • Over 5.6 billion pounds of seafood harvested in Alaska in 2011 • Ex-vessel value of $2.3 billion in 2011 • Alaska has 10,686 km of coastline (Iceland has 4,970 km) Page 6 Prepared by the Alaska Department of Commerce, Community, and Economic Development

7. Alaska Energy Resources • Restructuring taxes to increase TAPS throughput • Gasline development • Exploration and development incentives • Goal: 50% of electrical generation from renewables by 2025 • Renewable energy grants • Rare earth element development • Training • Financing for infrastructure development and transmission • Permitting teams to expedite permits • Port development • Resource mapping and research • Energy efficiency programs Page 7 Prepared by the Alaska Department of Commerce, Community, and Economic Development

8. Arctic Opportunities • Undertaking an Economic Development Initiative to determine future growth and new partnerships with our Arctic neighbors • Arctic Port study • Newly formed Arctic Policy Commission • Oil and gas exploration • Energy exploration • Minerals extraction Page 8 Prepared by the Alaska Department of Commerce, Community, and Economic Development

9. Business Opportunities Abound • Alaska offers an attractive business climate with great opportunities for business development, partnership, and investment opportunities • Tourism • Fisheries and Seafood • Energy • Arctic www.commerce.gov Page 9 Prepared by the Alaska Department of Commerce, Community, and Economic Development