Oslo (Head office) Lorentzen & Stemoco AS Munkedamsveien 45, 0250 Oslo Norway Tel +47 2252 7700 Athens Lorentzen & Stemoco (Athens) Ltd Leof Karamanli 25 166 73 Voula Greece Tel +30 210 89 000 59 Singapore Lorentzen & Stemoco Singapore 8 Eu Tong Sen street, #21-98 Office 1 The Central 059818 Singapore Singapore Tel +65 6349 8400 Shanghai Lorentzen & Stemoco Shanghai Representative Office Room 2701, Shanghai Central Plaza 381 Huai Hai Zhong Road 200020 Shanghai China Tel +86 21 6391 5880 London Lorentzen & Stemoco UK Ltd 5th Floor, Dacre House 19 Dacre Street London SW1H ODJ England Tel +44 20 7799 4444 Hong Kong Lorentzen & Stemoco (Greater China) Hong Kong Ltd Flat A, 22F Sing Ho Finance Building 166-168 Gloucester Road Wan Hai Hong Kong Tel +852 2530 2164 For more information on Lorentzen & Stemoco and our global representation visit us at Lorstem.com New York City Lorentzen & Stemoco AS (USA) 8 East 41 st ST, 8th Floor New York, NY 10017 Tel +1 212 684 2503 Lorentzen & Stemoco 13 Lorentzen & Stemoco 13
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Any person receiving this presentation is deemed to have accepted this disclaimer that shall apply even if the estimates or opinions shown turn out to be to erroneous or incomplete or is based upon incorrect or incomplete facts, interpretations or assessments or assumptions by Lorentzen & Stemoco AS, and irrespective of whether Lorentzen & Stemoco AS or any person related to Lorentzen & Stemoco AS can be blamed for the incident. Lorentzen & Stemoco AS and/or its employees may have investments in companies/financial instruments featured in this presentation, and may elect to sell or buy additional financial instruments at any time. Lorentzen & Stemoco AS may also have other financial interests in transactions involving these companies/financial instruments. Lorentzen & Stemoco AS may have or has acted as advisor to, broker or manager for a number companies mentioned in this presentation. For an overview of the companies to whom Lorentzen & Stemoco AS has provided advisory, brokering, consultancy or other services to over the latest 12 months, please see contact Lorentzen & Stemoco AS and find the relevant department on www.lorstem.comwww.lorstem.com This presentation does not provide individually tailored investment advice or offer tax, regulatory, accounting or legal advice. The assets, securities, commodities or other instruments (or related derivatives) discussed in this presentation may not be suitable for all investors. This presentation has been prepared and issued for distribution to professional investors only and all recipients should seek independent investment advice prior to making any investment decision based on any information contained in this presentation. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. Distribution in the United States This presentation was prepared for information purposes only by Lorentzen & Stemoco AS, a foreign broker-dealer that is not registered in the United States. Lorentzen & Stemoco AS’ presentations are intended for distribution in the United States solely to "major U.S. institutional investors" in reliance on the exemption from broker-dealer registration provided by Rule 15a-6 of the United States Securities Exchange Act of 1934, as amended and may not be furnished to any other person in the United States. Each major U.S. institutional investor that receives a copy of a Lorentzen & Stemoco AS presentation by its acceptance thereof represents and agrees that it shall not distribute or provide copies to any other person. Any U.S. recipient of presentation that desires to effect transactions in any securities discussed within this presentation should do so through Lorentzen & Stemoco AS and shall be advised on how to proceed through a U.S. registered broker-dealer. Financial statements included in the presentation, if any, may have been prepared in accordance with non-U.S. accounting standards that may not be comparable to the financial statements of United States companies. It may be difficult to compel a non-U.S. company and its affiliates to subject themselves to U.S. laws or the jurisdiction of U.S. courts. This presentation is issued by Lorentzen & Stemoco AS. Lorentzen & Stemoco AS is a company established under the laws of Norway being licensed and supervised by Norwegian regulators, and all matters relating to this presentation shall be governed by the laws of Norway. Lorentzen & Stemoco Disclaimer 14
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