<SEC-DOCUMENT>0000950157-22-000922.txt : 20220810
<SEC-HEADER>0000950157-22-000922.hdr.sgml : 20220810
<ACCEPTANCE-DATETIME>20220810163332
ACCESSION NUMBER:		0000950157-22-000922
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220810
FILED AS OF DATE:		20220810
DATE AS OF CHANGE:		20220810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DHT Holdings, Inc.
		CENTRAL INDEX KEY:			0001331284
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32640
		FILM NUMBER:		221152303

	BUSINESS ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11
		BUSINESS PHONE:		1 441 299-4912

	MAIL ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DHT Maritime, Inc.
		DATE OF NAME CHANGE:	20080627

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Double Hull Tankers, Inc.
		DATE OF NAME CHANGE:	20050624
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6-k.htm
<DESCRIPTION>REPORT OF FOREIGN ISSUER
<TEXT>
<html>
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  <div style="text-align: center; color: #000000; font-weight: bold;">&#160;<br>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C. 20549</div>
    <div>&#160;</div>
    <div>
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    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">Form 6-K</div>
    <div>&#160;</div>
    <div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">Report of Foreign Private Issuer</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 under</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">the Securities Exchange Act of 1934</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">For the month of August 2022</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Commission File Number 001-32640</div>
    <div>&#160;</div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-size: 24pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
    <div style="text-align: center;">(Exact name of Registrant as specified in its charter)</div>
    <div>&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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    <div style="text-align: center;">Clarendon House</div>
    <div style="text-align: center;">2 Church Street, Hamilton HM 11</div>
    <div style="text-align: center;">Bermuda</div>
    <div style="text-align: center;">(Address of principal executive offices)</div>
    <div>&#160;</div>
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    <div>&#160;</div>
    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div>&#160;</div>
    <div style="text-align: center;">Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9745;</font> Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
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    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____</div>
    <div>&#160;</div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____</div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>&#160;
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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    <div style="color: #000000;"><u>Press Releases</u></div>
    <div>&#160;</div>
    <div>The press release issued by DHT Holdings, Inc. (the <font style="color: #000000;">&#8220;</font>Company<font style="color: #000000;">&#8221;</font>) on August 10, 2022 related to its results for the second quarter of 2022 is attached hereto as Exhibit 99.1
      and is incorporated herein by reference.</div>
    <div>&#160;</div>
    <div style="color: #000000;"><u>Incorporation by Reference</u></div>
    <div>&#160;</div>
    <div>Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into the Company<font style="color: #000000;">&#8217;</font>s registration statement on Form F-3 (file No. 333-239430), initially filed with the Securities and Exchange
      Commission on June 25, 2020, as amended, to the extent not superseded by information subsequently filed or furnished (to the extent the Company expressly states that it incorporates such furnished information by reference) by the Company under the
      Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.</div>
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    <div style="color: #000000; font-weight: bold;">EXHIBIT LIST</div>
    <div>&#160;</div>
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            <div style="color: #000000; font-weight: bold;">Exhibit</div>
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          <td style="width: 2%; vertical-align: bottom; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 88%; vertical-align: bottom; background-color: #FEFEFE; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-weight: bold;">Description</div>
          </td>
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          <td style="width: 10%; vertical-align: top; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: #FEFEFE;">&#160;</td>
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          <td style="width: 10%; vertical-align: top; background-color: #FEFEFE;">
            <div>99.1</div>
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          <td style="width: 2%; vertical-align: bottom; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: #FEFEFE;">
            <div>Press Release dated August 10, 2022</div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
    <div>&#160;</div>
    <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
    <div>&#160;</div>
    <div>&#160;</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>DHT Holdings, Inc.</div>
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          <td style="width: 12%; vertical-align: top;">&#160;</td>
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            <div>(Registrant)</div>
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          <td style="width: 12%; vertical-align: top;">&#160;</td>
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          <td style="width: 3%; vertical-align: top;">&#160;</td>
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          <td style="width: 12%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">
            <div>Date: August 10, 2022</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Laila C. Halvorsen&#160; <br>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 4%; vertical-align: bottom;">
            <div>Name:</div>
          </td>
          <td style="width: 31%; vertical-align: bottom;">
            <div>Laila C. Halvorsen</div>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 31%; vertical-align: top;">
            <div>Chief Financial Officer</div>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>

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    <div>&#160;</div>
  </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
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  <div style="font-weight: bold; text-align: right;"><font style="font-family: 'Times New Roman';">Exhibit 99.1</font><br>
  </div>
  <div> <br>
  </div>
  <div>
    <div><img width="118" height="131" src="image0.jpg"></div>
    <div><br>
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    <div><br>
    </div>
    <div style="text-align: center; text-indent: 8.5pt; margin-left: 8.5pt; font-size: 14pt; font-weight: bold;">DHT Holdings, Inc. Second Quarter 2022 Results</div>
    <div><br>
    </div>
    <div style="margin-right: 24.6pt;">HAMILTON, BERMUDA, August 10, 2022 &#8211; DHT Holdings, Inc. (NYSE: DHT) (&#8220;DHT&#8221; or the &#8220;Company&#8221;) today announced:</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">FINANCIAL HIGHLIGHTS:</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" id="zb8a01d8a3ddf4ed8addf8296ce96c982" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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            <td style="background-color: #D9D9D9; border-bottom: 2px solid #000000; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; border-top: 2px solid #7F7F7F; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">USD mill. (except per share)</div>
            </td>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #000000; border-right: 3px solid #359B8A; border-top: 3px solid #359B8A; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q2 2022</div>
            </td>
            <td style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(128, 128, 128) rgb(128, 128, 128) rgb(0, 0, 0) rgb(53, 155, 138);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q1 2022</div>
            </td>
            <td style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(127, 127, 127) rgb(0, 0, 0) rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q4 2021</div>
            </td>
            <td style="width: 10.02%; vertical-align: top; background-color: #D9D9D9; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q3 2021</div>
            </td>
            <td style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(127, 127, 127) rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q2 2021</div>
            </td>
            <td style="width: 9.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2021</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2020</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; border-top: 2px solid #000000; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Shipping revenues</div>
            </td>
            <td style="border-right: 3px solid #359B8A; border-top: 2px solid #000000; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">99.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0);">76.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0);">83.8</div>
            </td>
            <td style="width: 10.02%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">59.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0);">65.9</div>
            </td>
            <td style="width: 9.7%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">295.9</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">691.0</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Adjusted net revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">54.1</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">38.7</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">49.3</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">37.7</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">45.3</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">203.4</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">550.5</div>
            </td>
          </tr>
          <tr>
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              <div style="color: rgb(0, 0, 0);">Adjusted EBITDA<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">32.5</div>
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            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">14.4</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">32.0</div>
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            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">14.0</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">21.0</div>
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            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">113.7</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">450.4</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Profit/(loss) after tax</div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">10.0</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">(17.3)</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">(2.9)</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">(21.0)</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">0.8</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(11.5)</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">266.3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">EPS &#8211; basic</div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">0.06</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">(0.10)</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">(0.02)</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">(0.13)</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">0.00</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(0.07)</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1.71</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">EPS &#8211; diluted<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">0.06</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">(0.10)</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">(0.02)</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">(0.13)</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">0.00</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(0.07)</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1.61</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Dividend<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">0.04</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">0.02</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">0.02</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">0.02</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">0.02</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">0.10</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1.08</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Interest bearing debt</div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">482.2</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">521.0</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">522.3</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">524.8</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">526.2</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">522.3</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">450.0</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Cash and cash equivalents</div>
            </td>
            <td style="border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">105.8</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">58.6</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">60.7</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right;">64.5</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">52.2</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">60.7</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">68.6</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #7F7F7F; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Net debt</div>
            </td>
            <td style="border-bottom: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10%;">
              <div style="text-align: right; font-weight: bold;">376.4</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">462.4</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">461.6</div>
            </td>
            <td style="width: 10.02%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
              <div style="text-align: right;">460.3</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127); border-bottom: 2px solid rgb(127, 127, 127);">
              <div style="text-align: right;">473.9</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">461.6</div>
            </td>
            <td nowrap="nowrap" style="width: 10.33%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">381.3</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">QUARTERLY HIGHLIGHTS:</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zd3f625820f544aab8313454171eec941" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 18.15pt; vertical-align: top; align: right;">
              <div style="margin-left: 0.3pt;"><font style="font-family: Times New Roman">&#9679;</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);">In the second quarter of 2022, the Company&#8217;s VLCCs achieved an average rate of $24,300 per day.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z8602e49a5d1c4670b6525ade7c9df454" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 17.85pt; vertical-align: top; align: right;">
              <div>&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0.15pt;">Adjusted EBITDA for the second quarter of 2022 was $32.5 million. Net profit for the quarter was $10.0 million which equates to $0.06 per basic share.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zc8213dc401694cc6b98250fd21e09247" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 17.85pt; vertical-align: top; align: right;">
              <div style="color: rgb(0, 0, 0);">&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0.15pt; color: rgb(0, 0, 0);">In May 2022, the Company entered into agreements to sell DHT Hawk, built 2007, and DHT Falcon, built 2006, for $40 million and $38 million, respectively. The vessels
                were both delivered during the second quarter of 2022 and the sales generated a combined gain of $12.7 million. The Company repaid the outstanding debt of $13.3 million combined on the two vessels.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z073c040b82234a8db20abdc9adee23a6" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">In June 2022, the Company prepaid $23.1 million under the Nordea Credit Facility. The voluntary prepayment was made under the revolving credit facility tranche and may be re-borrowed.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z5eb5688cf9c043e4ad9896e48b1b5e71" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">In the second quarter of 2022, the Company purchased 2,826,771 of its own shares in the open market for an aggregate consideration of $15.9 million, at an average price of $5.6256. All shares were retired
                upon receipt.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z6f88035fa2ea4d46963f822a6c7bc2cc" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div style="margin-left: 0.15pt; font-weight: bold;">&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">For the second quarter of 2022, the Company declared a cash dividend of $0.04 per share of outstanding common stock, payable on August 30, 2022, to shareholders of record as of August 23, 2022. This marks the
                50<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> consecutive quarterly cash dividend. The shares will trade ex-dividend from August 22, 2022.</div>
            </td>
          </tr>

      </table>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">OPERATIONAL HIGHLIGHTS:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" id="z20e7fa9557e949bfab28bd42eb059358" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(53, 155, 138) rgb(0, 0, 0) rgb(127, 127, 127);">&#160;</td>
          <td style="background-color: #D9D9D9; border-bottom: 2px solid #000000; border-right: 3px solid #359B8A; border-top: 3px solid #359B8A; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q2 2022</div>
          </td>
          <td style="background-color: #D9D9D9; border-bottom: 2px solid #000000; border-left: 3px solid; border-right: 2px solid #808080; border-top: 2px solid #808080; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q1 2022</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q4 2021</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q3 2021</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q2 2021</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(127, 127, 127) rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2021</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(127, 127, 127) rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2020</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; border-top: 2px solid #000000; vertical-align: middle; white-space: nowrap; width: 30%;">
            <div style="color: rgb(0, 0, 0);">Operating days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup></div>
          </td>
          <td style="border-right: 3px solid #359B8A; border-top: 2px solid #000000; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2,288.8</div>
          </td>
          <td style="border-right: 2px solid #808080; border-top: 2px solid #000000; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,340.0</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,392.0</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right;">2,399.5</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right;">2,513.4</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0);">9,776.5</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0);">9,882.0</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
            <div style="color: rgb(0, 0, 0);">Scheduled off hire days</div>
          </td>
          <td style="border-right: 3px solid #359B8A; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">22.5</div>
          </td>
          <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0);">64.3</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">98.3</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">84.8</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">99.8</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">514.7</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">255.5</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
            <div style="color: rgb(0, 0, 0);">Unscheduled off hire<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup></div>
          </td>
          <td style="border-right: 3px solid #359B8A; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">0.0%</div>
          </td>
          <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.6%</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.3%</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">0.0%</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">0.1%</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.1%</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.8%</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
            <div style="color: rgb(0, 0, 0);">Revenue days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup></div>
          </td>
          <td style="border-right: 3px solid #359B8A; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2,227.2</div>
          </td>
          <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,261.5</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,287.5</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">2,306.2</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">2,325.3</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">9,157.3</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">9,548.8</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
            <div style="color: rgb(0, 0, 0);">Spot exposure<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup></div>
          </td>
          <td style="border-right: 3px solid #359B8A; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">76.1%</div>
          </td>
          <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0);">76.3%</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">73.9%</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">57.2%</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">48.5%</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">54.7%</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">63.5%</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
            <div style="color: rgb(0, 0, 0);">VLCC time charter rate per day</div>
          </td>
          <td style="border-right: 3px solid #359B8A; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$33,800</div>
          </td>
          <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
            <div style="text-align: right;">$33,200</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;">$33,900</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">$27,600</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">$28,200</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right;">$32,600</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right;">$50,400</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #D9D9D9; border-bottom: 2px solid #7F7F7F; border-left: 2px solid #7F7F7F; border-right: 3px solid #359B8A; vertical-align: middle; white-space: nowrap; width: 30%;">
            <div style="color: rgb(0, 0, 0);">VLCC spot rate per day</div>
          </td>
          <td style="border-bottom: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: middle; width: 10%;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$21,200</div>
          </td>
          <td style="border-bottom: 2px solid #808080; border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
            <div style="text-align: right;">$11,900</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right;">$16,900</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #808080 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right;">$7,400</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right;">$10,200</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right;">$13,200</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(127, 127, 127); border-bottom: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right;">$62,000</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify;"><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">Covid-19 is still causing operational challenges related to our seafarers and the ability to change crews at regular intervals and at convenient locations. The situation has improved but in addition to certain
      countries having restrictions affecting crew changes with transit and quarantine procedures, some customers have implemented their own restrictions adding complexities to the situation, hence we are still experiencing limits with respect to the
      number of geographical options to execute crew changes. We continue to do everything reasonably possible to facilitate safe and regular crew changes.&#160;As of the date of this report, all our seafarers are fully vaccinated at the time of joining a
      vessel, as is the majority of our onboard sailing crew.</div>
    <div><br>
    </div>
    <div>The near-term market outlook is showing signs of improvement although still impacted by geopolitical events. The Covid-19 situation in China and its lockdowns is slowing down the demand recovery. The geopolitical events challenging the energy
      security situation are impacting the price and availability of oil; with the oil price curve in backwardation. Near term, this stimulates consumption of inventories as opposed to building inventories. OPEC is forecasting a meaningful increase in
      global oil demand next year and states it needs to deliver a significant production increase to meet such forecasted demand. We would expect such a scenario to be positive for demand for oil transportation.</div>
    <div><br>
    </div>
    <div>The trade disruptions resulting from the current geopolitical conflicts have increased transportation distances and, given various physical restrictions for larger sized vessels, have primarily been supportive of freight routes for smaller sized
      vessels. These trade disruptions have also changed the sourcing of refined oil products, supporting freight rates for product tankers. As we find it hard to assume a dislocation between clean and dirty tankers can persist for a prolonged period of
      time, we think it is reasonable to expect a market adjustment to occur.&#160;As this happens at a time of low inventories of crude oil, barring macroeconomic setbacks, we think it is logical to expect demand for feedstock and thus crude oil transportation
      to improve as a result of the current situation.</div>
    <div><br>
    </div>
    <div>The dynamics of the oil market could set crude oil transportation up for a rewarding period of strengthening freight rates. The world fleet is rapidly aging at a time when ordering of new ships is very limited. It is not unthinkable for the fleet
      to shrink at a time when demand for transportation is expected to recover, likely creating a rewarding environment for large tankers. All things considered, we are convinced of the merits of our strategy with reduced financial leverage and low cash
      break-even levels to protect the downside without giving away the upside. We believe our company is well structured for cyclical markets and that our strategy will reward our shareholders. </div>
    <div><br>
    </div>
    <div style="text-align: justify;">As of June 30, 2022, DHT had a fleet of 24 VLCCs, with a total dwt of 7,453,519. For more details on the fleet, please refer to the web site: <font style="color: rgb(0, 0, 238);"><u>https://www.dhtankers.com/fleetlist/</u></font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">SUBSEQUENT EVENT HIGHLIGHTS:</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z40110cf2b30c4297b0859976e2600d42" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 17.85pt; vertical-align: top; align: right;">
              <div>&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0.15pt;"><font style="color: rgb(0, 0, 0);">In July</font> 2022<font style="color: rgb(0, 0, 0);">, the Company entered into a five-year time-charter </font>for DHT Osprey <font style="color: rgb(0, 0, 0);">at $37,000 per day, with </font>charterer&#8217;s<font style="color: rgb(0, 0, 0);"> option to extend two additional years, at $40,000 per day and $45,000 per day, respectively. </font>The vessel is expected to<font style="color: rgb(0, 0, 0);"> deliver</font> int<font style="color: rgb(0, 0, 0);">o the </font>contract<font style="color: rgb(0, 0, 0);">&#160;</font>in<font style="color: rgb(0, 0, 0);"> August.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zab2af5732a194a1286f970fa1ec0aa7a" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right;">
              <div>&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">In July 2022, the Company agreed to a $37.5 million refinancing of the DHT Tiger with Credit Agricole. The new facility has a tenor of 6 years and an amortization profile of 20 years.&#160;It will bear an interest
                rate of Secured Overnight Financing Rate (SOFR) plus a margin of 2.05%, which includes the historical Credit Adjustment Spread (CAS) of 26 basis points.&#160;As such, the cost of the facility would compare to a Libor equivalent margin of 179
                basis points, representing a reduction in the Company&#8217;s borrowing cost<font style="color: rgb(0, 0, 0);">.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z7278373f5d67456b9ba11e5c078524ef" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 17.85pt; vertical-align: top; align: right;">
              <div>&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0.15pt;">The Company has committed $25 million to retrofit an additional 8 vessels with scrubbers. The vessels are DHT Colt, DHT Jaguar, DHT Leopard, DHT Lion, DHT Panther, DHT Puma, DHT Stallion
                and DHT Tiger. All the vessels are of Eco-design and built between 2015 and 2018. The Company expects to commence the retrofit program in Q4 2022 and complete during Q1 2023. The combination of lower cost and the current higher fuel spreads
                makes this a compelling investment. The investment will be funded with liquidity at hand hence no new debt will be issued. Following the completion of this project, the Company will have 23 vessels fitted with scrubbers.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="ze3062f85f9074cbd944af9c80df782e1" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 17.85pt; vertical-align: top; align: right;">
              <div>&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0.15pt; color: rgb(0, 0, 0);">So far in the third quarter of 2022, the Company has purchased 1,499,608 of its own shares in the open market for an aggregate consideration of $8.8 million, at an
                average price of $5.8721. All shares have been retired upon receipt. As of the date of this report, the Company has 162,653,339 shares outstanding.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">OUTLOOK:</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z5a7031a8f76449c49b7549383975f818" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 17.55pt; vertical-align: top; align: right;">
              <div style="color: rgb(0, 0, 0);">&#9679;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0.45pt;">Thus far in the third quarter of 2022, 68% of the available VLCC days have been booked at an average rate of $23,600 per day on a discharge-to-discharge basis (not including any potential
                profit splits on time charters).</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 4.25pt; font-size: 8pt;"><u>Footnotes:</u></div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Shipping revenues net of voyage expenses.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Shipping revenues net of voyage expenses, other revenues, vessel operating expenses and general and administrative expenses.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>2020 includes impairment charge of $12.6 million.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>Diluted shares include the dilutive effect of the convertible senior notes and restricted shares granted to management and members of the board of directors.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup>Per common share.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup>Operating days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup>Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company less days on which a vessel
      is off hire.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8 </sup>As % of total operating days in period.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;"><u>SECOND QUARTER 2022 FINANCIALS</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">The Company reported shipping revenues for the second quarter of 2022 of $99.2 million compared to shipping revenues of $65.9 million in the second quarter of 2021.</font>&#160;<font style="color: rgb(0, 0, 0);">The increase from the 2021 period to the 2022 period includes $36.1 million attributable to higher tanker rates partially offset by $2.8 million attributable to a decrease in total revenue days.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Other revenues for the second quarter of 2022 were $0.7 million and mainly relates to technical management services provided.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Voyage expenses for the second quarter of 2022 were $45.2 million, compared to voyage expenses of $20.7 million in the second quarter of 2021.&#160;The increase was due to more vessels in the spot
      market and higher bunker prices, resulting in a $22.0 million increase in bunker expenses and a $2.4 million increase in port cost.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Vessel operating expenses for the second quarter of 2022 were $18.0 million compared to $19.6 million in the second quarter of 2021. The decrease was mainly due to fewer operating days in Q2 2022
      compared to Q2 2021 with 2,289 operating days in Q2 2022 compared to 2,513 operating days in Q2 2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Depreciation and amortization, including depreciation of capitalized survey expenses, was $32.3 million for the second quarter of 2022, compared to $32.2 million in the second quarter of 2021. The
      change was due to increased depreciation related to scrubbers of $1.4 million, partially offset by a decrease in depreciation related to vessels and docking of $1.2 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company recorded a gain of $12.7 million for the second quarter of 2022 related to the sale of DHT Hawk and DHT Falcon compared to a gain of $13.6 million for the second quarter of 2021 related
      to the sale of DHT Raven and DHT Lake.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">General and administrative expense (&#8220;G&amp;A&#8221;) for the second quarter of 2022 was $4.2 million, consisting of $3.3 million cash and $0.9 million non-cash charge, compared to $4.7 million in the
      second quarter of 2021, consisting of $3.8 million cash and $0.9 million non-cash charge. Non-cash G&amp;A includes accrual for social security tax.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">Net financial expenses for the second quarter of 2022 were $2.8 million compared to $1.7 million in the second quarter of 2021. The increase was mainly due to</font> a $3 million gain
      related to debt modification in the second quarter of 2021, partially offset by <font style="color: rgb(0, 0, 0);">a non-cash gain of $4.3 million </font>related to interest rate derivatives in the second quarter of 2022 compared to a non-cash gain
      of $2.2 million in the second quarter of 2021.</div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">As a result of the foregoing, the Company had a net profit in the second quarter of 2022 of $10.0 million, or income of $0.06 per basic share and $0.06 per diluted share, compared to a net profit
      in the second quarter of 2021 of $0.8 million, or income of $0.00 per basic share and $0.00 per diluted share. The increase from the 2021 period to the 2022 period was mainly due to higher tanker rates.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">Net cash provided by operating activities for the second quarter of 2022 was $26.3 million compared to $33.9 million for the second </font>quarter of 2021<font style="color: rgb(0, 0, 0);">. The decrease was due to a $18.6 million change in operating assets and liabilities, partially offset by a profit of $10.0 million in the second quarter of 2022 compared to profit of $0.8 million in the second quarter of 2021 and a $1.8
        million increase in non-cash items included in net income.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash provided by investing activities was $79.9 million in the second quarter of 2022 and comprised $76.2 million related to sale of vessels and $8.3 million related to acquisition of
      subsidiary, net of cash paid, partially offset by $4.5 million related to investment in vessels. Net cash provided by investing activities was $40.1 million in the second quarter of 2021 comprising $57.5 million related to sale of vessels, partially
      offset by $17.3 million related to investment in vessels.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash used in financing activities for the second quarter of 2022 was $59.1 million comprised of $23.1 million related to prepayment of long-term debt, $15.9 million related to purchase of
      treasury shares, $13.3 million related to repayment of long-term debt in connection with sale of vessels, $3.3 million related to cash dividend paid and $3.1 million related to scheduled repayment of long-term debt. Net cash used in financing
      activities for the second quarter of 2021 was $75.8 million comprised of $175.9 million related to repayment of long-term debt in connection with refinancing, $93.4 million related to prepayment of long-term debt, $22.5 million related to purchase of
      treasury shares, $6.8 million related to cash dividend paid, $6.1 million related to repayment of long-term debt in connection with sale of vessel and $1.9 million related to scheduled repayment of long-term debt, partially offset by $230.9 million
      related to issuance of long-term debt.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">As of June 30, 2022, the cash balance </font>was $105.8 million, compared to <font style="color: rgb(0, 0, 0);">$60.7 million as of December 31, 2021.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company monitors its covenant compliance on an ongoing basis. As of June 30, 2022, the Company was in compliance with its financial covenants.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">As of June 30<font style="color: rgb(0, 0, 0);">, 2022</font>, the Company had 164,152,947 shares of common stock outstanding compared to 166,126,770 shares as of December 31<font style="color: rgb(0, 0, 0);">, 2021.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">The Company declared a cash dividend of $0.04 per common share for the second quarter of 2022 </font>payable on August 30, 2022, for shareholders of record as of August 23, 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 4.25pt; font-weight: bold;"><u>FIRST HALF 2022 FINANCIALS</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company reported shipping revenues for the first half of 2022 of $175.6 million compared to $152.9 million in the first half of 2021.&#160;The increase from the 2021 period to the 2022 period
      includes $25.2 million attributable to higher tanker rates partially offset by $2.5 million attributable to decreased total revenue days.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Other revenues for the first half of 2022 were $0.7 million and mainly relates to technical management services provided.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Voyage expenses for the first half of 2022 were $82.8 million compared to voyage expenses of $36.4 million in the first half of 2021.&#160;The increase was due to more vessels in the spot market and
      higher bunker prices, resulting in a $43.5 million increase in bunker expenses and a $4.9 million increase in port expenses.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Vessel operating expenses for the first half of 2022 were $36.3 million, compared to $38.6 million in the first half of 2021. The decrease was mainly due to fewer operating days in the first half
      of 2022 compared to the first half of 2021 with 4,629 operating days in the first half of 2022 compared to 4,985 operating days in the first half of 2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Depreciation and amortization, including depreciation of capitalized survey expenses, was $65.4 million for the first half of 2022, compared to $64.2 million in the first half of 2021. The increase
      was mainly due to increased depreciation related to scrubbers of $3.9 million, partially offset by a decrease in depreciation related to vessels and docking of $2.3 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company recorded a gain of $12.7 million for the first half of 2022 related to the sale of DHT Hawk and DHT Falcon compared to a gain of $13.6 million for the first half of 2021 related to the
      sale of DHT Raven and DHT Lake.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">G&amp;A for the first half of 2022 was $10.3 million, consisting of $7.3 million cash and $2.9 million non-cash charge, compared to $10.2 million, consisting of $7.4 million cash and $2.8 million
      non-cash charge for the first half of 2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">Net financial expenses for the first half of 2022 were $1.3 million, compared to $4.6 million in the first half of 2021. The decrease was due to</font>&#160;<font style="color: rgb(0, 0, 0);">a non-cash gain of $12.1 million </font>related to interest rate derivatives in the first half of 2022 compared to a non-cash gain of $5.7 million in the first half of 2021, partially offset by<font style="color: rgb(0, 0, 0);">&#160;</font>a $3.0
      million gain related to the debt modification recorded in the second quarter of 2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">The Company had net loss for the first half of 2022 of $7.3 million, or loss of $0.05 per basic share and $0.05 per diluted share compared to net profit of $12.4 million, or income of
        $0.07 per basic share and $0.07 per diluted share in the first half of 2021. </font>The difference between the two periods mainly reflects higher tanker rates.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">Net cash provided by operating activities for the first half of 2022 was $32.0 million compared to</font> $<font style="color: rgb(0, 0, 0);">44.8 </font>million for the first half
      of 2021<font style="color: rgb(0, 0, 0);">. The decrease was mainly due to net loss of $7.3 million in the first half of 2022 compared to net gain of $12.4 million in the first half of 2021, $1.2 million decrease in non-cash items included in net
        income, partially offset by $8.1 million related to changes in operating assets and liabilities.</font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash provided by investing activities for the first half of 2022 was $77.6 million comprising $76.2 million related to sale of vessels and $8.3 million related to acquisition of subsidiary, net
      of cash paid, partially offset by $6.9 million related to investment in vessels. Net cash used in investing activities for the first half of 2021 was $101.0 million comprising $158.5 million related to investment in vessels, partially offset by $57.5
      million related to sale of vessels.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash used in financing activities for the first half of 2022 was $64.5 million comprising $23.1 million related to prepayment of long-term debt, $15.9 million related to purchase of treasury
      shares, $13.3 million related to repayment of long-term debt in connection with sale of vessels, $6.7 million related to cash dividends paid and $5.1 million related to scheduled repayment of long-term debt. Net cash provided by financing activities
      for the first half of 2021 was $39.8 million comprising $355.9 million related to issuance of long-term debt, partially offset by $175.9 million related to repayment of long-term debt in connection with refinancing, $93.4 million related to
      prepayment of long-term debt, $22.5 million related to purchase of treasury shares, $15.4 million related to cash dividends paid, $6.1 million related to repayment of long-term debt in connection with sale of vessel and $2.6 million related to
      scheduled repayment of long-term debt.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">As of June 30, 2022, our cash balance was $105.8 million, compared to $60.7 million as of December 31, 2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">As of June 30<font style="color: rgb(0, 0, 0);">, 2022</font>, the Company had 164,152,947 shares of our common stock outstanding compared to 166,126,770 as of December 31<font style="color: rgb(0, 0, 0);">, 2021.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;"><u>RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</u></div>
    <div style="text-align: justify;">The Company assesses the financial performance of its business using a variety of measures. Certain of these measures are termed &#8220;non-GAAP measures&#8221; because they exclude amounts that are included in, or include amounts
      that are excluded from, the most directly comparable measure calculated and presented in accordance with IFRS, or are calculated using financial measures that are not calculated in accordance with IFRS. These non-GAAP measures include &#8220;Adjusted Net
      Revenue&#8221;, &#8220;Adjusted EBITDA&#8221; and &#8220;Adjusted spot time charter equivalent per day&#8221;. The Company believes that these non-GAAP measures provide useful supplemental information for its investors and, when considered together with the Company&#8217;s IFRS
      financial measures and the reconciliation to the most directly comparable IFRS financial measure, provide a more complete understanding of the factors and trends affecting the Company&#8217;s operations. In addition, DHT&#8217;s management measures the financial
      performance of the Company, in part, by using these non-GAAP measures, along with other performance metrics. The Company does not regard these non-GAAP measures as a substitute for, or as superior to, the equivalent measures calculated and presented
      in accordance with IFRS. Additionally, these non-GAAP measures may not be comparable to other similarly titled measures used by other companies and should not be considered in isolation or as a substitute for analysis of the Company&#8217;s operating
      results as reported under IFRS.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div style="text-align: justify;"><br>
      <div>
        <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze8acaf2dda0440a78231053bf08d55e0">

            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(255, 255, 255);">USD in thousands except time charter equivalent per day</div>
              </td>
              <td style="background-color: #244062; border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; border-top: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q1 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4 2021</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q3 2021</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2021</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2021</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2020</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Reconciliation of adjusted net revenue</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(255, 255, 255); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Shipping revenues</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">99,233</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">76,400</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">83,835</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">59,095</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">65,940</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">295,853</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">691,039</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Voyage expenses</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(45,180)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(37,659)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(34,567)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(21,443)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(20,689)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(92,405)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(140,564)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Adjusted net revenues</div>
              </td>
              <td style="border-bottom: 2px solid #808080; border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">54,053</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">38,741</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">49,268</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">37,652</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">45,251</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">203,448</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">550,475</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Reconciliation of adjusted EBITDA</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Profit/(loss) after tax</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">9,956</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(17,252)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(2,895)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(21,032)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">808</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(11,507)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">266,281</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Income tax expense</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">141</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">90</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">129</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">97</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(26)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">360</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">900</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Other financial (income)/expenses</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">1,529</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">556</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(255, 255, 255); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">502</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">1,015</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(2,805)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(645)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">1,334</div>
              </td>
            </tr>
            <tr>
              <td style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Fair value (gain)/loss on derivative financial liabilities</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(4,284)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(7,855)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(255, 255, 255); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(4,456)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(2,316)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(2,247)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(12,450)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">8,074</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Interest expense</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">6,633</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">6,164</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(255, 255, 255); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">6,297</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">6,348</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">7,049</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">25,727</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">38,408</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Interest income</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(110)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(1)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(255, 255, 255); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(1)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(4)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(0)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(6)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(212)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Share of profit from associated companies</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(978)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(349)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(255, 255, 255); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(295)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(293)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(346)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(1,278)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(1,193)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">(Gain)/loss, sale of vessel</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(12,683)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(255, 255, 255); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(1,556)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(13,597)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(15,153)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Impairment charges</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">12,560</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Depreciation and amortization</div>
              </td>
              <td style="border-bottom: 2px solid #808080; border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">32,318</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">33,047</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">32,750</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">31,734</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">32,160</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">128,639</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">124,245</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Adjusted EBITDA</div>
              </td>
              <td style="border-bottom: 2px solid #808080; border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">32,522</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">14,400</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">32,032</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">13,993</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">20,995</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">113,688</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">450,397</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(255, 255, 255); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-bottom: 2px solid rgb(255, 255, 255); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Reconciliation of adjusted spot time charter equivalent per day*</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43.93%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Spot time charter equivalent per day</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">21,200</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">11,900</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">16,900</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">7,400</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">10,200</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">13,200</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">62,000</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">IFRS 15 impact on spot time charter equivalent per day**</div>
              </td>
              <td style="border-bottom: 2px solid #808080; border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(3,200)</div>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 8.18%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">2,800</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">400</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">3,000</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(600)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">500</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(2,600)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.93%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Adjusted spot time charter equivalent per day</div>
              </td>
              <td style="border-bottom: 3px solid #359B8A; border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 8%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">17,900</div>
              </td>
              <td nowrap="nowrap" style="width: 8.18%; vertical-align: bottom; border-left: 2px solid rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">14,700</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">17,300</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">10,300</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">9,600</div>
              </td>
              <td nowrap="nowrap" style="width: 8.08%; vertical-align: bottom; border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">13,700</div>
              </td>
              <td nowrap="nowrap" style="width: 8.13%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">59,400</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;">*<font style="font-size: 10pt;">&#160;</font>Per revenue days. Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or
      chartered by the Company less days on which a vessel is off hire.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;">** For vessels operating on spot charters, voyage revenues are calculated on a discharge-to-discharge basis. Under IFRS 15, spot charter voyage revenues are calculated on a
      load-to-discharge basis. IFRS 15 impact refers to the timing difference between discharge-to-discharge and load-to-discharge basis.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">EARNINGS CONFERENCE CALL AND WEBCAST INFORMATION</div>
    <div><font style="color: rgb(0, 0, 0);">The Company will host a conference call </font>and webcast, which will include a slide presentation,<font style="color: rgb(0, 0, 0);"> at 8:00 a.m. EST/14:00 CET on Thursday, August 11, 2022,</font><font style="font-weight: bold; color: rgb(0, 0, 0);">&#160;</font><font style="color: rgb(0, 0, 0);">to discuss the results for the quarter.</font></div>
    <div><br>
    </div>
    <div>To access the conference call the participants are required to register in advance of the conference using this link:<br>
    </div>
    <div style="color: rgb(0, 0, 238);"><u>https://register.vevent.com/register/<font style="color: rgb(0, 0, 238);">BIe132fc9a954645c7bf6ab7b0f14d743c</font></u></div>
    <div><br>
    </div>
    <div>Upon registering, each participant will be provided with participant dial-in numbers, and a unique personal PIN. In the 10 minutes prior to call start time, participants will need to use the conference access information provided in the e-mail
      received at the point of registering. Participants may also use the Call Me feature instead of dialing the nearest dial-in number.</div>
    <div><br>
    </div>
    <div>The webcast, which will include a slide presentation, will be available on the following link:</div>
    <div><font style="color: rgb(0, 0, 238);"><u>https://edge.media-server.com/mmc/p/cxd7udsx</u></font>&#160;and can also be accessed in the Investor Relations section on DHT's website at <font style="color: rgb(0, 0, 238);"><u>http://www.dhtankers.com</u></font><font style="color: rgb(0, 0, 0);">.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">A recording of the audio and slides presented will be available until August 18, 2022 at 19:00 CET. The recording can be accessed through the following link: </font><font style="color: rgb(0, 0, 238);"><u>https://edge.media-server.com/mmc/p/cxd7udsx</u></font><font style="color: rgb(0, 0, 0);">.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">ABOUT DHT HOLDINGS, INC.</div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">DHT is an independent crude oil tanker company. Our fleet trades </font>internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated
      management companies in Monaco, Norway, and Singapore.&#160;You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure
      that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital allocation; and
      our transparent corporate structure maintaining a high level of integrity and good governance. <font style="color: rgb(0, 0, 0);">For further information please visit </font><font style="color: rgb(0, 0, 238);"><u>http://www.dhtankers.com</u></font><font style="color: rgb(0, 0, 0);">.</font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">FORWARD LOOKING STATEMENTS</div>
    <div style="text-align: justify;">This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions
      and beliefs about future events, in particular regarding dividends (including our dividend plans, timing and the amount and growth of any dividends), daily charter rates, vessel utilization, the future number of newbuilding deliveries, oil prices and
      seasonal fluctuations in vessel supply and demand. When used in this document, words such as "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "will," "may," "should" and "expect" and similar expressions are
      intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company's current views with respect to future events and are based on assumptions and subject to risks and
      uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company's estimates and assumptions only as of the date of this press release and are
      not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company's Annual Report on Form 20-F, filed with the Securities and Exchange
      Commission on March 25, 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required
      by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company's actual results could differ materially from those anticipated in these forward-looking
      statements.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);"><font style="font-weight: bold;">CONTACT</font>:</div>
    <div style="color: rgb(0, 0, 0);">Laila C. Halvorsen, CFO</div>
    <div style="color: rgb(0, 0, 0);">Phone: +1 441 295 1422 and +47 984 39 935</div>
    <div><font style="color: rgb(0, 0, 0);">E-mail:</font><font style="color: rgb(0, 0, 255);">&#160;</font><font style="color: rgb(0, 0, 238);"><u>lch@dhtankers.com</u></font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">AS OF JUNE 30, 2022</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</u></div>
    <div style="text-align: center;">($ in thousands)<br>
      <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zee02518a384b4ab48baba2909a02917e">

          <tr>
            <td style="background-color: #244062; border-left: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.79%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; width: 22%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">June 30, 2022 (Unaudited)</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 4.28%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td style="background-color: #244062; border-right: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; width: 22%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">December 31, 2021 (Audited)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">ASSETS</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Current assets</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Cash and cash equivalents</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">105,778</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">60,658</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Accounts receivable and accrued revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">8</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">25,234</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">30,361</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Capitalized voyage expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,485</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,395</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Prepaid expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12,091</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">6,162</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Derivative financial assets</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">773</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Bunker inventory</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">42,266</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">33,396</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total current assets</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">188,627</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">131,972</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="font-style: italic; font-weight: bold;">Non-current assets</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">6</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,346,446</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,467,846</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Advances for vessel upgrades</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">6</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">168</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">372</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Other property, plant and equipment</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">5,508</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">3,766</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Goodwill</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">4</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,356</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Investment in associate company</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">5,406</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Derivative financial assets</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">161</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total non-current assets</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,353,639</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,477,391</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL ASSETS</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,542,266</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,609,362</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">LIABILITIES AND EQUITY</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Current liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Accounts payable and accrued expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">26,883</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">19,662</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Derivative financial liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">19</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">7,002</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Current portion long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">31,398</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">9,792</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Other current liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,390</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">624</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Deferred shipping revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">9</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">3,300</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4,865</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total current liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">62,991</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">41,944</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Non-current liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">450,752</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">512,507</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Derivative financial liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4,222</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Other non-current liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">3,870</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">3,330</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total non-current liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">454,622</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">520,059</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL LIABILITIES</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">517,613</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">562,003</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Equity</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Common stock at par value</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">7</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,642</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,661</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Additional paid-in capital</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,252,456</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,264,000</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Accumulated deficit</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(236,607)</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(222,405)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Translation differences</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(111)</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">101</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Other reserves</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,548</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">3,968</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Total equity attributable to the Company</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,019,927</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,047,326</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Non-controlling interest</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4,726</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">34</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total equity</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,024,653</div>
            </td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,047,359</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.79%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL LIABILITIES AND EQUITY</div>
            </td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.79%; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,542,266</div>
            </td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 4.28%; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 3px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
              <div style="text-align: right; color: #000000; font-size: 8pt; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial;">1,609,362</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)</u></div>
    <div style="text-align: center;">($ in thousands except per share amounts)</div>
    <div style="text-align: center;"> <br>
    </div>
    <div></div>
    <div style="text-align: center;">
      <div style="text-align: left;">
        <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z5af77dce60ef4c6abc888a31f78acc9d">

            <tr>
              <td style="background-color: #244062; border-left: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%; font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 2.25%; font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 12.97%; font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q2 2021</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">1H 2022</div>
              </td>
              <td style="background-color: #244062; border-right: 3px solid #000000; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.2%; font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">1H 2021</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #244062; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td style="width: 12.97%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Apr. 1 - Jun. 30, 2022</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Apr. 1 - Jun. 30, 2021</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Jun. 30, 2022</div>
              </td>
              <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 3px solid #000000; vertical-align: bottom; width: 13.2%; font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Jun. 30, 2021</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Shipping revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">99,233</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">65,940</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">175,633</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">152,923</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Other revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">681</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">681</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;-</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #000000; border-left: 3px solid #808080; border-top: 2px solid #000000; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Total revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">3</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">99,913</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">65,940</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">176,313</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">152,923</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Operating expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Voyage expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(45,180)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(20,689)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(82,839)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(36,395)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Vessel operating expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(18,031)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(19,585)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(36,294)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(38,640)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Depreciation and amortization</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">6</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(32,318)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(32,160)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(65,365)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(64,155)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Gain /( loss), sale of vessels</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">12,683</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">13,597</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">12,683</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;13,597</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">General and administrative expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(4,181)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(4,671)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(10,258)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(10,226)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Total operating expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">(87,026)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">(63,508)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(182,073)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(135,818)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Operating (loss)/ income</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">12,887</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2,432</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(5,760)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;17,105</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Share of profit from associated companies</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">978</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">346</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">1,327</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">690</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Interest income</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">110</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">0</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">111</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;1</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Interest expense</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(6,633)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(7,049)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(12,797)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(13,082)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Fair value gain/(loss) on derivative financial liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">4,284</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">2,247</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">12,139</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;5,677</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Other financial (expense)/income</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(1,529)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">2,805</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(2,085)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;2,161</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Profit/(loss) before tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">10,098</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">781</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(7,065)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;12,553</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Income tax expense</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(141)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">26</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(231)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(133)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Profit/(loss) after tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">9,956</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">808</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">(7,296)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;12,419</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Attributable to owners of non-controlling interest</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">236</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">240</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;6</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Attributable to the owners of parent</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">9,720</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">803</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(7,536)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;12,413</div>
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            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Basic earnings/(loss) per share</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">0.06</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">0.00</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(0.05)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;0.07</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Diluted earnings/(loss) per share</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">0.06</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">0.00</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(0.05)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;0.07</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Weighted average number of shares (basic)</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">166,767,540</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">170,930,454</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">166,657,389</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">171,108,064</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Weighted average number of shares (diluted)</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">166,824,023</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">171,031,128</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">166,657,389</div>
              </td>
              <td nowrap="nowrap" style="width: 13.2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">171,191,021</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
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    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)</u></div>
    <div style="text-align: center;">($ in thousands except per share amounts)</div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center;">
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zfb9ec6fd26e54761bb434afd480dd3cd">

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            <td style="background-color: rgb(36, 64, 98); border-left: 3px solid rgb(128, 128, 128); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
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            <td style="background-color: rgb(36, 64, 98); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 2%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 2.25%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 12.97%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q2 2021</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">1H 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-right: 3px solid rgb(128, 128, 128); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">1H 2021</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
            </td>
            <td style="width: 2.25%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 12.97%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Apr. 1 - Jun. 30, 2022</div>
            </td>
            <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Apr. 1 - Jun. 30, 2021</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Jun. 30, 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; width: 12%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Jun. 30, 2021</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Profit/(loss) after tax</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">9,956</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">808</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(7,296)</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;12,419</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Other comprehensive income/(loss):</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Items that may be reclassified subsequently to income statement:</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Exchange gain/(loss) on translation of foreign currency</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">denominated associate and subsidiary</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(196)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(5)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(212)</div>
            </td>
            <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(63)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Total</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(196)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(5)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(212)</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(63)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Other comprehensive income/(loss)</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(196)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(5)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(212)</div>
            </td>
            <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(63)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total comprehensive income/(loss) for the period</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">9,760</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">803</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(7,508)</div>
            </td>
            <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;12,356</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Attributable to owners of non-controlling interest</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 2.25%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 12.97%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">236</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">240</div>
            </td>
            <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">6</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 3px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 46%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Attributable to the owners of parent</div>
            </td>
            <td style="border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 2%; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 2.25%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 12.97%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">9,524</div>
            </td>
            <td style="border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">798</div>
            </td>
            <td style="border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(7,748)</div>
            </td>
            <td style="border-bottom: 3px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 12%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;12,350</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED</u>)</div>
    <div style="text-align: center;">($ in thousands)</div>
    <div style="text-align: center;"> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="1" border="0" id="zb53a4354be104131a7cb03f92bceb16c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="background-color: #244062; border-left: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%; font-family: Arial;">&#160;</td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 2.57%; font-family: Arial;">&#160;</td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q2 2021</div>
            </td>
            <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">1H 2022</div>
            </td>
            <td style="background-color: #244062; border-right: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">1H 2021</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #244062; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">&#160;</td>
            <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Apr. 1 - Jun. 30, 2022</div>
            </td>
            <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Apr. 1 - Jun. 30, 2021</div>
            </td>
            <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Jun. 30, 2022</div>
            </td>
            <td style="background-color: #244062; border-right: 3px solid #808080; vertical-align: bottom; width: 13%; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Jun. 30, 2021</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">CASH FLOW FROM OPERATING ACTIVITIES</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Profit/(loss) after tax</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">9,956</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">808</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">(7,296)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">12,419</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Items included in net income not affecting cash flows</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">16,481</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">14,641</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">43,999</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">45,185</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Depreciation and amortization</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">32,318</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">32,160</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">65,365</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">64,155</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Amortization of upfront fees</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">727</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">827</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">1,348</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">1,262</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">(Gain) / loss, sale of vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(12,683)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(13,597)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(12,683)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(13,597)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Fair value (gain)/loss on derivative financial liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(4,284)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(2,247)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(12,139)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(5,677)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Impairment of equity accounted investment</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">4</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">637</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">-</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">637</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">-</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Compensation related to options and restricted stock</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">896</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">892</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">2,950</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">2,781</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Net foreign exchange differences</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(152)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">-</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(152)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">-</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Share of profit in associated companies</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(978)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(346)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(1,327)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(690)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Income adjusted for non-cash items</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">26,437</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">15,449</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">36,703</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">57,605</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Changes in operating assets and liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">(120)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">18,477</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">(4,667)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-weight: bold;">(12,809)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Accounts receivable and accrued revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(1,453)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">12,756</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">5,528</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">13,028</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Capitalized voyage expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(721)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">129</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(1,090)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">609</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Prepaid expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(616)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">289</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(5,078)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(90)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Accounts payable and accrued expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">12,050</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">4,810</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">6,385</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(5,866)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Deferred shipping revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(2,840)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">1,777</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(1,565)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(11,762)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Bunker inventory</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(6,507)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(1,305)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(8,871)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(8,723)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="text-indent: -4.5pt; margin-left: 11.9pt; color: rgb(0, 0, 0); font-style: italic;">Pension liability</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(32)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">22</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">23</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; font-style: italic;">(5)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Net cash provided by operating activities</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">26,318</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">33,926</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">32,036</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">44,795</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">CASH FLOW FROM INVESTING ACTIVITIES</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Investment in vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(4,543)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(17,328)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(6,884)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(158,461)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Proceeds from sale of vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">76,179</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">57,476</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">76,179</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">57,476</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Investment in subsidiaries</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(2)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(2)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Acquisition of subsidiary, net of cash paid</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">4</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">8,267</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">8,267</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Investment in other property, plant and equipment</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(3)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(38)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(5)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(47)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Net cash provided by/(used in) investing activities</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">79,898</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">40,110</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">77,554</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(101,032)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">CASH FLOW FROM FINANCING ACTIVITIES</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
            <td style="background-color: #359B8A; border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Cash dividends paid</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">7</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(3,336)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(6,837)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(6,666)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(15,400)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Repayment principal element of lease liability</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(221)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(153)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(374)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(305)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Issuance of long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">230,946</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">355,946</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Purchase of treasury shares</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">7</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(15,934)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(22,469)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(15,934)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(22,469)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Scheduled repayment of long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(3,139)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(1,889)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(5,065)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(2,565)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Prepayment of long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(23,125)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(93,378)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(23,125)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(93,378)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Repayment of long-term debt refinancing</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(175,933)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">-</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(175,933)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Repayment of long-term debt, sale of vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(13,306)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(6,061)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">(13,306)</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(6,061)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Net cash (used in)/provided by financing activities</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(59,062)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(75,773)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(64,471)</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">39,837</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Net (decrease)/increase in cash and cash equivalents</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">47,154</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(1,737)</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">45,120</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">(16,400)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Cash and cash equivalents at beginning of period</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">58,624</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">53,978</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">60,658</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">68,641</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Cash and cash equivalents at end of period</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">105,778</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">52,241</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">105,778</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">52,241</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Specification of items included in operating activities:</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Interest paid</div>
            </td>
            <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; font-family: Arial;">&#160;</td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">6,003</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">6,768</div>
            </td>
            <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right;">11,275</div>
            </td>
            <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">12,056</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Interest received</div>
            </td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 2.57%; font-family: Arial;">&#160;</td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">110</div>
            </td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">0</div>
            </td>
            <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">111</div>
            </td>
            <td style="border-bottom: 3px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">
              <div style="text-align: right;">1</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: center;"><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>SUMMARY CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)</u></div>
    <div style="text-align: center;">($ in thousands except shares)</div>
    <div style="text-align: center;"> <font style="font-size: 8pt;"><br>
      </font></div>
    <div>
      <table cellspacing="0" cellpadding="1" border="0" id="zabab3ee5d1434668bb10682253d729bd" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="background-color: #244062; border-left: 2px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 25.44%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #FFFFFF; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 25.31%; font-family: Arial; font-size: 8pt;" colspan="6">
              <div style="text-align: center; color: rgb(255, 255, 255);">Common Stock</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 5.14%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.23%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.3%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 5.23%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.16%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">&#160;</td>
            <td style="background-color: #244062; border-right: 2px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.6%; font-family: Arial; font-size: 8pt;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(255, 255, 255); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(255, 255, 255); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(255, 255, 255); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(255, 255, 255); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(255, 255, 255); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(255, 255, 255); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Paid-in</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Non-</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Additional</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Treasury</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Accumulated</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Translation</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Other</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Controlling</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Total</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Note</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Shares</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Amount</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Capital</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Shares</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Deficit</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Differences</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Reserves</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Interest</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Equity</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance at January 1, 2021</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">170,798,328</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,708</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,291,505</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;-</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(188,709)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;169</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;4,248</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;19</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,108,940</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Net income/(loss) after tax</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12,413</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;6</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12,419</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Other comprehensive income/(loss)</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;&#160;(63)</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(15,400)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(15,400)</div>
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          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Purchase of treasury shares</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;&#160;(22,469)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(22,469)</div>
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          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Adjustment related to non-controlling interest</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
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          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Retirement of treasury shares</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(37)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;22,469</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
            </td>
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          <tr>
            <td style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;8</div>
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            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4,619</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;&#160;(1,846)</div>
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            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,781</div>
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          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance at June 30, 2021</div>
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">167,918,183</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
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            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,679</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,273,691</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;-</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(191,695)</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;106</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;2,403</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;25</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,086,209</div>
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          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 25.44%; font-family: Arial; font-size: 8pt;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.26%; font-family: Arial; font-size: 8pt;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.23%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 4.9%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.06%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 5.14%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.23%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.3%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 5.23%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.16%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.93%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.6%; font-family: Arial; font-size: 8pt;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance at January 1, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">166,126,770</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,661</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,264,000</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;-</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(222,405)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;101</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;3,968</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;34</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,047,359</div>
            </td>
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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              <div style="text-align: right; color: rgb(0, 0, 0);">(7,536)</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;240</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(7,296)</div>
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          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(212)</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(212)</div>
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          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">(7,536)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">(212)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;240</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;(7,508)</div>
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              <div style="color: rgb(0, 0, 0);">Cash dividends declared and paid</div>
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(6,666)</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(6,666)</div>
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            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Purchase of treasury shares</div>
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">7</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(15,934)</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Adjustment related to non-controlling interest</div>
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4,452</div>
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              <div style="text-align: right; color: rgb(0, 0, 0);">4,452</div>
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            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;&#160;(15,906)</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-</div>
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          </tr>
          <tr>
            <td style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
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            <td style="width: 3.26%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            <td style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
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            </td>
            <td style="width: 4.9%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;9</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 6.06%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4,362</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 5.14%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 7.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 6.3%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 5.23%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;&#160;(1,420)</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 6.16%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 1.93%; vertical-align: bottom; font-size: 8pt; font-family: Arial;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,950</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 25.44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance at June 30, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 3.26%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">7</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">164,152,947</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 4.9%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,642</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.06%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,252,456</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 5.14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;-</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 7.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(236,607)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(111)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 5.23%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;2,548</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">4,726</div>
            </td>
            <td nowrap="nowrap" style="width: 1.93%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;$</div>
            </td>
            <td nowrap="nowrap" style="width: 7.6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-size: 8pt; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,024,653</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: center;"><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</u></div>
    <div style="text-align: center; font-weight: bold;"><u>FOR THE PERIOD ENDED JUNE 30, 2022</u></div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 1 &#8211; General information</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">DHT Holdings, Inc. (&#8220;DHT&#8221; or the &#8220;Company&#8221;) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company&#8217;s principal
      executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company is engaged in the ownership and operation of a fleet of crude oil carriers.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The unaudited interim condensed consolidated financial statements were approved by the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) on August 9, 2022, and authorized for issue on August 10, 2022.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 2 &#8211; General accounting principles</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The condensed consolidated interim financial statements do not include all information and disclosures required in the annual financial statements and should be read in conjunction with DHT&#8217;s
      audited consolidated financial statements included in its Annual Report on Form 20-F for 2021. The interim results are not necessarily indicative of the results for the entire year or for any future periods.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The condensed consolidated interim financial statements have been prepared in accordance with IAS 34 &#8220;Interim Financial Reporting&#8221; as issued by the International Accounting Standards Board
      (&#8220;IASB&#8221;).</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The condensed consolidated interim financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. The
      accounting policies applied in these condensed consolidated interim financial statements are consistent with those presented in the 2021 audited consolidated financial statements.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">These condensed consolidated interim financial statements have been prepared on a going concern basis.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic;"><u>Business combinations</u></div>
    <div style="text-align: justify;">Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair
      values of the assets transferred by the Company, liabilities incurred by the Company to the former owners of the acquiree and the equity interests issued by the Company in exchange for control of the acquiree. Acquisition-related costs are recognized
      in the consolidated income statement as incurred.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">For business combinations achieved in stages, otherwise known as step acquisitions, previously held equity interests in the acquiree are remeasured to fair value. The resulting gain or loss are recognized in the
      consolidated income statement.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">At the acquisition date, the identifiable assets, liabilities, and contingent liabilities that meet the conditions for recognition are recognized at their fair value, except for non-current assets that are classified
      as held for sale and are recognized at the lower of carrying amount and fair value less cost to sell, and deferred tax assets and liabilities which are recognized at nominal value.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Goodwill arising on acquisition is recognized as an asset measured at the excess of the sum of the consideration transferred, the fair value of any previously held equity interest and the amount of any non-controlling
      interests in the acquiree over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Company&#8217;s interest in the net fair value of the acquiree&#8217;s identifiable assets, liabilities and contingent
      liabilities exceed the total consideration of the business combination, the excess is recognized in the income statement immediately.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is
      incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts or circumstances that existed at the acquisition date that, if
      known, would have affected the amounts recognized at that date.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">15</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-style: italic;"><u>Application of new and revised International Financial Reporting Standards (&#8220;IFRSs&#8221;)</u></div>
    <div style="text-align: justify;">New and amended standards and interpretations that are issued, but not yet effective, are disclosed <font style="color: rgb(0, 0, 0);">below. The below list includes the new standards and amendments that we believe
        are most relevant for the Company:</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z0c6ec938177a44eea991383736000ff4" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: rgb(0, 0, 0);">o</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Amendments to IAS 1 Classification of Liabilities as Current or Non-current</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z8696acdd06b34c3a8dc2b76be43a7917" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: rgb(0, 0, 0);">o</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Disclosure of Accounting Policies &#8211; Amendments to IAS 1 and IFRS Practice Statement 2</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">The Company is currently assessing the amendments to determine the impact they will have on the Company&#8217;s accounting policy disclosures.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 3 &#8211; Segment reporting</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">DHT&#8217;s primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. Management organizes and manages the entity as one segment
      based upon the magnitude of services provided. The Company&#8217;s Chief Operating Decision Maker (&#8220;CODM&#8221;), being the President &amp; Chief Executive Officer, reviews the Company&#8217;s operating results on a consolidated basis as one operating segment as
      defined in IFRS 8, Operating Segments.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The below table details the Company&#8217;s total revenues:</div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;">
      <div style="color: rgb(0, 0, 0);">
        <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td nowrap="nowrap" style="width: 40%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">$ in thousands</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.35%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4 2021</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">1H 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">1H 2021</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 40%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Time charter revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.35%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160; 18,686</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">34,032</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">37,324</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;90,844</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 40%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Voyage charter revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14.35%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">80,547</div>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;&#160;&#160; 31,908</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">138,309</div>
              </td>
              <td style="border-bottom: 2px solid #808080; border-right: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">62,079</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 40%; font-family: Arial;" rowspan="1">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Shipping revenues</div>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 2%; font-family: Arial;" rowspan="1">&#160;</td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14.35%; font-family: Arial; font-weight: bold; text-align: right;" rowspan="1">99,233<br>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14%; font-family: Arial; font-weight: bold; text-align: right;" rowspan="1">65,940 <br>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 2%; font-family: Arial; font-weight: bold;" rowspan="1"><br>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14%; font-family: Arial; font-weight: bold; text-align: right;" rowspan="1">175,633<br>
              </td>
              <td style="border-bottom: 2px solid #808080; border-right: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14%; font-family: Arial; font-weight: bold; text-align: right;" rowspan="1">152,923<br>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 40%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;" rowspan="1">Other revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup><br>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;" rowspan="1">&#160;</td>
              <td nowrap="nowrap" style="width: 14.35%; vertical-align: bottom; font-family: Arial; text-align: right;" rowspan="1">&#160;681</td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; font-family: Arial; text-align: right;" rowspan="1">&#160;-</td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; font-family: Arial;" rowspan="1"><br>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; font-family: Arial; text-align: right;" rowspan="1">&#160;681</td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;" rowspan="1">&#160;-</td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 40%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Total revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.35%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160; 99,913</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;&#160;&#160; 65,940</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;176,313</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;152,923</div>
              </td>
            </tr>

        </table>
      </div>
      <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Time charter revenues are presented in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management services, equaling $4.7 million in the second quarter of 2022, $10.0 million in the second
      quarter of 2021, $9.7 million in the first half of 2022 and $22.0 million in the first half of 2021 is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.</div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>Other revenues mainly relates to technical management services provided.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">As of June 30, 2022, the Company had 24 vessels in operation; 6 vessels were on time charters and 18 vessels operating in the spot market.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic;"><u>Information about major customers:</u></div>
    <div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from April 1, 2022, to June 30, 2022, five customers represented $19.9 million, $9.3 million, $7.5 million, $7.2 million, and $7.1 million, respectively, of the Company&#8217;s shipping
        revenues. The five customers in aggregate represented $51.1 million, equal to 51 percent of the shipping revenues of $99.2 million for the period from April 1, 2022, to June 30, 2022.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from January 1, 2022, to June 30, 2022 five customers represented $29.0 million, $26.2 million, $18.2 million, $10.5 million and $10.2 million, respectively, of the Company&#8217;s
        shipping revenues. The five customers in aggregate represented $94.0 million, equal to 54 percent of the shipping revenues of $175.6 million for the period from January 1, 2022, to June 30, 2022.</div>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from April 1, 2021, to June 30, 2021 five customers represented $9.8 million, $8.4 million, $6.4 million, $5.8 million, and $5.7 million, respectively, of the Company&#8217;s shipping
        revenues. The five customers in aggregate represented $36.1 million, equal to 55 percent of the shipping revenues of $65.9 million for the period from April 1, 2021, to June 30, 2021.</div>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from January 1, 2021, to June 30, 2021 five customers represented $19.2 million, $16.8 million, $16.7 million, $14.7 million and $13.0 million, respectively, of the Company&#8217;s
        shipping revenues. The five customers in aggregate represented $80.4 million, equal to 53 percent of the shipping revenues of $152.9 million for the period from January 1, 2021, to June 30, 2021.</div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">16</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold;">Note 4 &#8211; Business combination</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">In May 2022, DHT Holdings, Inc., acquired an additional 3.2% ownership of Goodwood Ship Management Pte. Ltd. (&#8220;Goodwood&#8221;) a privately owned ship management company incorporated under the laws of
      the Republic of Singapore for a purchase price of $0.4 million in cash. A change in Goodwood&#8217;s partnership structure allowed the Company to increase its shareholding under the existing partnership agreement. Goodwood currently manages 23 of DHT&#8217;s
      vessels.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Following the acquisition, the Company&#8217;s ownership percentage increased to 53.2%, with the Company obtaining control over Goodwood in what is known as a step acquisition. Previously held equity
      interests in Goodwood were remeasured to a fair value of $6.0 million, resulting in a loss of $0.6 million, which is recognized under other financial (expense)/income in the consolidated income statement.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company has elected to measure the non-controlling interests in Goodwood at the proportionate share of identifiable net assets.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;"><u>Assets acquired and liabilities assumed</u></div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The preliminary fair values of the identifiable assets and liabilities of Goodwood as at the date of the acquisition were:</div>
    <div style="text-align: justify;"><br>
      <div>
        <table cellspacing="0" cellpadding="1" border="0" id="z5f76448919424248bcbc77977fa9f27d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 57.23%; vertical-align: bottom; background-color: rgb(32, 55, 100); border-left: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">$ in thousands</div>
              </td>
              <td style="width: 4.64%; vertical-align: bottom; background-color: rgb(32, 55, 100); border-top: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td style="width: 38.13%; vertical-align: bottom; background-color: rgb(32, 55, 100); border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">FV recognized on acquisition</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(217, 217, 217); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">ASSETS</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Current assets</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">9,912</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Non-current assets</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">2,522</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL ASSETS</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-left: 2px solid rgb(217, 217, 217); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">12,433</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(217, 217, 217); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">LIABILITIES</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(570)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Non-current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(2,342)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL LIABILITIES</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-left: 2px solid rgb(217, 217, 217); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(2,912)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL IDENTIFIABLE NET ASSETS AT FAIR VALUE</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-left: 2px solid rgb(217, 217, 217); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">9,521</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-left: 2px solid rgb(217, 217, 217); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Previously held equity interest measured at fair value</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(6,030)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(217, 217, 217); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Non-controlling interest measured at fair value</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(4,453)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Goodwill arising on acquisition</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,356</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">PURCHASE CONSIDERATION TRANSFERRED</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-left: 2px solid rgb(217, 217, 217); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">394</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="1" border="0" id="z30d312b379c34f73b35129026c23bc56" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 57.23%; vertical-align: bottom; background-color: rgb(32, 55, 100); border-left: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">$ in thousands</div>
              </td>
              <td style="width: 4.64%; vertical-align: bottom; background-color: rgb(32, 55, 100); border-top: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td style="width: 38.13%; vertical-align: bottom; background-color: rgb(32, 55, 100); border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Cash flow on acquisition</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Net cash acquired with the subsidiary</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-top: 2px solid rgb(217, 217, 217); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(217, 217, 217); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">8,660</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Cash paid</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; font-family: Arial;">&#160;</td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(394)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 57.23%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">NET CASH FLOW ON ACQUISITION</div>
              </td>
              <td nowrap="nowrap" style="width: 4.64%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 38.13%; vertical-align: bottom; border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(166, 166, 166); font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">8,267</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The goodwill of $1.4 million comprises the value of the personnel technical management expertise, customer base, and market reputation, which are not separately recognized.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;"><u>Impact of acquisition on the result of the Company</u></div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from May 31 to June 30, 2022, Goodwood has contributed $0.7 million to total revenues and a profit of $0.5 million before tax to the Company.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">If the business combination had taken place at the beginning of the year, the total revenues would have been $179.6 million on a proforma basis and the combined result before tax would have
      improved by $0.7 million to a loss of $6.4 million on a proforma basis.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">17</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 5 &#8211; Interest bearing debt</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">As of June 30, 2022, DHT had interest bearing debt totaling $482.2 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Scheduled debt repayments (USD thousands) and margin above Libor</div>
    <div><br>
      <div>
        <table cellspacing="0" cellpadding="1" border="0" id="zf81e73128c8f4af59ae66d361a850de0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Margin</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q3</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="color: rgb(255, 255, 255);">$ in thousands</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">above Libor</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2022</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2022</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2023</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2024</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Thereafter</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Total</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div>ABN Amro Credit Facility *</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">2.40%</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">25,677</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;191,084</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">216,761</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div>Credit Agricole Credit Facility</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">2.19%</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">676</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">676</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">32,433</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">33,785</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div>Danish Ship Finance Credit Facility</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">2.00%</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">1,213</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">2,427</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">2,427</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">26,693</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">32,760</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div>Nordea Credit Facility **</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">1.90%</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">1,250</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">1,250</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">26,591</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">26,591</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">149,993</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">205,675</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="font-weight: bold;">Total</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">1,926</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">3,139</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">87,128</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">220,102</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">176,686</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">488,981</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div>Unamortized upfront fees bank loans</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right;">(6,830)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.55%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="font-weight: bold;">Total interest bearing debt</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 9.5%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 10%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">&#160;482,151</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="font-size: 8pt;">* $90.1 mill. undrawn as of June 30, 2022.</div>
    <div style="font-size: 8pt;">** $98.0 mill. undrawn as of June 30, 2022.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><u>ABN Amro Credit Facility</u></div>
    <div>In May 2022, the Company entered into agreements to sell DHT Hawk, built 2007, and DHT Falcon, built 2006, at $40 million and $38 million, respectively. The vessels were both delivered during the second quarter of 2022 and the sales generated a
      combined gain of $12.7 million. The Company repaid the outstanding debt on the two vessels, equal to $13.3 million in total and cancelled the RCF tranches of $9.9 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The outstanding amount is repayable in quarterly installments of $6.4 million through Q2 2024 with a final payment of $178.2 in addition to the last installment. All quarterly installments have been prepaid through
      2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;"><u>Credit Agricole Credit Facility</u></div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">The outstanding amount is </font>repayable in quarterly installments of $0.7 million with a final payment of $29.7 million in addition to the last installment in December 2023<font style="color: rgb(0, 0, 0);">.</font></div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><u>Danish Ship Finance Credit Facility</u></div>
    <div style="text-align: justify;">The credit facility is repayable in semiannual installments of $1.2 million and a final payment of $24.3 million in addition to the last installment in November 2025.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><u>Nordea Credit Facility</u></div>
    <div style="text-align: justify;">The credit facility is repayable in quarterly installments of $1.3 million through the fourth quarter of 2022. From the first quarter of 2023, the quarterly installments will be $6.6 million, with the final payment of
      $90.9 million in addition to the last installment of $5.9 million due in the first quarter of 2027. Additionally, the facility includes an uncommitted &#8220;accordion&#8221; of $250 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">In June 2022, the Company prepaid $23.1 million under the Nordea Credit Facility. The voluntary prepayment was made under the revolving credit facility tranche and may be re-borrowed.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;"><u>Derivatives - interest rate swaps</u></div>
    <div style="text-align: justify;">Only derivatives are classified and measured at fair value in the statement of financial position. Fair value measurement is based on Level 2 in the fair value hierarchy as defined in IFRS 13 <font style="font-style: italic;">Fair Value Measurement</font>. Such measurement is based on techniques for which all inputs that have a significant effect on the recorded fair value are observable. Future cash flows are estimated based on forward interest rates (from
      observable yield curves at the end of the reporting period) and contract interest rates, discounted at a rate that reflects the credit risk of various counterparties.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">18</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">As of June 30, 2022, the Company had nine amortizing interest rate swaps with notional amount totaling $323.0 million with maturity ranging from the second quarter 2023 to the third quarter 2023. The average fixed
      interest rate is 2.95%. As of June 30, 2022, the fair value of the derivative financial assets related to the swaps amounted to $934 thousand and the fair value of the derivative financial liabilities related to the swaps amounted to $19 thousand.</div>
    <div><br>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 22%;">
              <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">$ in thousands</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 14%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Expires</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Notional amount </div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Current assets</div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Non-current assets</div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Fair value </div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 3.019%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Sep. 29, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="text-align: right;">26,892</div>
            </td>
            <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="text-align: right;">60</div>
            </td>
            <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="text-align: right;">15</div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">74</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 3.019%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Sep. 29, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">25,978</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">57</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">14</div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">72</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 2.8665%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Sep. 29, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">42,405</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">167<br>
              </div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">42</div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">208<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 2.8785%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Jun. 30, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">36,822</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">127<br>
              </div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">-<br>
              </div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">127<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 2.885%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Sep. 29, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">41,763</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">154</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">38<br>
              </div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">193<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 2.897%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Sep. 30, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">37,001</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">124</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">31<br>
              </div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">156</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 3.020%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Sep. 29, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">35,316</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">84</div>
            </td>
            <td style="width: 16%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right;">21<br>
              </div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">104</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px double #808080; border-left: 2px solid #808080; border-top: 2px solid #808080; vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total carrying amount</div>
            </td>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-top: 2px solid #808080; vertical-align: middle; font-family: Arial;" colspan="2">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">246,178</div>
            </td>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-top: 2px solid #808080; vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">773</div>
            </td>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-top: 2px solid #808080; vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">161</div>
            </td>
            <td style="background-color: #D9D9D9; border-bottom: 2px double #808080; border-right: 2px double #808080; border-top: 2px solid #808080; vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">934<br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 22%;">
              <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">$ in thousands</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 14%; font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Expires</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Notional amount </div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Current liabilities</div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Non-current liabilities</div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2022</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Fair value </div>
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2022</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Swap pays 2.987%, receive floating</div>
            </td>
            <td style="width: 14%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Apr. 20, 2023</div>
            </td>
            <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="text-align: right;">38,400</div>
            </td>
            <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="text-align: right;">6</div>
            </td>
            <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
              <div style="text-align: right;">-<br>
              </div>
            </td>
            <td style="border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">6<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">
                <div style="color: rgb(0, 0, 0);">Swap pays 3.012%, receive floating</div>
              </div>
            </td>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">
                <div style="color: rgb(0, 0, 0);">Apr. 20, 2023</div>
              </div>
            </td>
            <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">38,400</div>
            </td>
            <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">13<br>
              </div>
            </td>
            <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">-<br>
              </div>
            </td>
            <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right;">13</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px double rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 22%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total carrying amount</div>
            </td>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; font-family: Arial;" colspan="2">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">76,800</div>
            </td>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">19<br>
              </div>
            </td>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">-</div>
            </td>
            <td style="background-color: rgb(217, 217, 217); border-bottom: 2px double rgb(128, 128, 128); border-right: 2px double rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 16%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">19</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; font-weight: bold;"><u> <br>
      </u></div>
    <div style="text-align: justify; font-weight: bold;"><u> <br>
      </u></div>
    <div style="text-align: justify; font-weight: bold;"><u>Covenant compliance</u></div>
    <div style="text-align: justify;">The Company's financial covenants as of June 30, 2022, are summarized as follows:</div>
    <div style="text-align: justify;">
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">ABN Amro</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Agricole</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Danish Ship Finance</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(166, 166, 166); border-top: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Nordea</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(166, 166, 166); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Security</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">10 VLCCs</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1 VLCC</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1 VLCC</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12 VLCCs</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Charter free market value of vessels that secure facility must be no less than</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Value adjusted* tangible net worth</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$300 million and 25% of value </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">adjusted total assets</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$200 million and 25% of value </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">adjusted total assets</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$300 million and 25% of value </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">adjusted total assets</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$300 million and 25% of value </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">adjusted total assets</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Unencumbered cash of at least</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $30 million or 6% of </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">gross interest bearing debt</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $20 million or 6% of </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">gross interest bearing debt</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $30 million or 6% of </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">gross interest bearing debt</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $30 million or 6% of </div>
              <div style="text-align: right; color: rgb(0, 0, 0);">gross interest bearing debt</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Guarantor</div>
            </td>
            <td style="width: 20%; vertical-align: middle; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(166, 166, 166); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; font-size: 8pt; font-style: italic;">*Value adjusted is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company's vessels (as determined quarterly by a
      broker approved by the financial institution)</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">As of June 30, 2022, the Company was in compliance with its financial covenants.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Note 6 &#8211; Vessels</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">The carrying values of the vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with changes in charter rates and the cost of
      constructing new vessels. Historically, both charter rates and vessel values have been cyclical. The carrying amounts of vessels held and used by us are reviewed for potential impairment or reversal of prior impairment charges whenever events or
      changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">19</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><u>Vessels</u></div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;">
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Cost of Vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">At January 1, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,156,855</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Additions</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">103<br>
              </div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Transferred from vessels upgrades</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">6,829</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Retirement *</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(119,054)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 71%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">At June 30, 2022</div>
            </td>
            <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 29%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2,044,733</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Depreciation, impairment and amortization</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">At January 1, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">689,009</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Depreciation and amortization</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">64,837</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Retirement *</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(55,559)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 71%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">At June 30, 2022</div>
            </td>
            <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 29%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">698,287</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Carrying Amount</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">At January 1, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,476,436</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 71%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">At June 30, 2022</div>
            </td>
            <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 29%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,346,446</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;">*Relates to sale of DHT Falcon and DHT Hawk and completed depreciation of drydocking for DHT Hawk and DHT Sundarbans.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><u>Advances for vessel upgrades</u></div>
    <div>Cost of advances for vessels and vessel upgrades relates to prepaid drydocking and ballast water treatment systems.</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Cost of advances of vessels and vessel upgrades</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">At January 1, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">372</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Additions</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">6,625</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">Transferred to vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(6,829)</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 71%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">At June 30, 2022</div>
            </td>
            <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 29%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">168</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Carrying Amount</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 71%; vertical-align: bottom; background-color: rgb(217, 217, 217); font-family: Arial;">
              <div style="color: rgb(0, 0, 0);">At January 1, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 29%; vertical-align: bottom; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0);">372<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 71%; font-family: Arial;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">At June 30, 2022</div>
            </td>
            <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 29%; font-family: Arial;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">168</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 7 &#8211; Stockholders&#8217; equity and dividend payment</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="1" border="0" id="z5f134c9d59234cea86a6a127c761c951" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td nowrap="nowrap" style="width: 56.1%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 19.13%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Common stock</div>
          </td>
          <td nowrap="nowrap" style="width: 24.77%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Preferred stock</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 56.1%; vertical-align: bottom;">
            <div>Issued at June 30, 2022</div>
          </td>
          <td nowrap="nowrap" style="width: 19.13%; vertical-align: middle;">
            <div style="text-align: right;">164,152,947</div>
          </td>
          <td nowrap="nowrap" style="width: 24.77%; vertical-align: middle;">
            <div style="text-align: right;">-</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 56.1%; vertical-align: bottom;">
            <div>Numbers of shares authorized for issue</div>
          </td>
          <td nowrap="nowrap" style="width: 19.13%; vertical-align: middle;">&#160;</td>
          <td nowrap="nowrap" style="width: 24.77%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 56.1%; vertical-align: bottom;">
            <div>&#160;&#160;at June 30, 2022</div>
          </td>
          <td nowrap="nowrap" style="width: 19.13%; vertical-align: middle;">
            <div style="text-align: right;">250,000,000</div>
          </td>
          <td nowrap="nowrap" style="width: 24.77%; vertical-align: middle;">
            <div style="text-align: right;">1,000,000</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 56.1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Par value</div>
          </td>
          <td nowrap="nowrap" style="width: 19.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right;">$ 0.01</div>
          </td>
          <td nowrap="nowrap" style="width: 24.77%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right;">$ 0.01</div>
          </td>
        </tr>

    </table>
    <div><font style="font-style: italic;"> </font><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;"><u>Common stock</u></div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><u>Stock repurchases</u></div>
    <div>In the second quarter of 2022, the Company purchased 2,826,771 of its own shares in the open market for an aggregate consideration of $15.9 million, at an average price of $5.6256. All shares were retired upon receipt.</div>
    <div><br>
    </div>
    <div>In the second quarter of 2021, the Company purchased 3,721,841 of its own shares in the open market for an aggregate consideration of $22.5 million, at an average price of $6.0250. All shares were retired upon receipt.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">20</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><u>Dividend payment</u></div>
    <div>Dividend payment as of June 30, 2022:</div>
    <div><br>
      <div>
        <div>
          <div>
            <div>
              <table cellspacing="0" cellpadding="1" border="0" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse">

                  <tr>
                    <td style="background-color: #244062; border-bottom: 0px none; vertical-align: bottom; width: 46%;">
                      <div style="font-weight: bold; color: #ffffff; text-align: left;">Payment date</div>
                    </td>
                    <td colspan="2" style="background-color: #244062; border-bottom: 0px none; vertical-align: bottom;">
                      <div style="font-weight: bold; color: #ffffff; text-align: center;">Total Payment</div>
                    </td>
                    <td colspan="2" style="background-color: #244062; border-bottom: 0px none; vertical-align: bottom;">
                      <div style="font-weight: bold; color: #ffffff; text-align: center;">Per common share</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9" rowspan="1">
                      <div style="text-align: left; color: rgb(0, 0, 0);">May 26, 2022</div>
                    </td>
                    <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom" rowspan="1">$ <br>
                    </td>
                    <td style="width: 26%; vertical-align: bottom; text-align: center;" rowspan="1">3.3 million</td>
                    <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom" rowspan="1">$ <br>
                    </td>
                    <td style="width: 23.5%; vertical-align: bottom; text-align: center;" rowspan="1">0.02</td>
                  </tr>
                  <tr>
                    <td style="width: 46%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="text-align: left; color: rgb(0, 0, 0);">February 24, 2022</div>
                    </td>
                    <td style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="color: #000000; text-align: left;">$</div>
                    </td>
                    <td style="width: 26%; vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);">3.3 million</td>
                    <td style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="color: #000000; text-align: left;">$</div>
                    </td>
                    <td style="width: 23.5%; vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);">0.02</td>
                  </tr>
                  <tr>
                    <td style="border-top: 2px solid rgb(128, 128, 128); width: 46%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); background-color: rgb(217, 217, 217); font-weight: bold;">
                      <div style="text-align: left; color: rgb(0, 0, 0); font-weight: bold;">Total payment as of June 30, 2022</div>
                    </td>
                    <td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
                      <div style="font-weight: bold; color: #000000; text-align: left;">$</div>
                    </td>
                    <td style="border-top: 2px solid rgb(128, 128, 128); width: 26%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); text-align: center; font-weight: bold;">6.7 million</td>
                    <td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
                      <div style="font-weight: bold; color: #000000; text-align: left;">$</div>
                    </td>
                    <td style="border-top: 2px solid rgb(128, 128, 128); width: 23.5%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); text-align: center; font-weight: bold;">0.04</td>
                  </tr>

              </table>
            </div>
          </div>
        </div>
      </div>
      <div><br>
      </div>
    </div>
    <div><br>
    </div>
    <div>Dividend payments as of December 31, 2021:</div>
    <br>
    <div>
      <div>
        <div>
          <div>
            <div>
              <div>
                <table cellspacing="0" cellpadding="1" border="0" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse">

                    <tr>
                      <td style="background-color: #244062; border-bottom: 0px none #808080; vertical-align: bottom; width: 46%;">
                        <div style="font-weight: bold; color: #ffffff; text-align: left;">Payment date</div>
                      </td>
                      <td colspan="2" style="background-color: #244062; border-bottom: 0px none #808080; vertical-align: bottom;">
                        <div style="font-weight: bold; color: #ffffff; text-align: center;">Total Payment</div>
                      </td>
                      <td colspan="2" style="background-color: #244062; border-bottom: 0px none #808080; vertical-align: bottom;">
                        <div style="font-weight: bold; color: #ffffff; text-align: center;">Per common share</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
                        <div style="text-align: left; color: rgb(0, 0, 0);">November 23, 2021</div>
                      </td>
                      <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                        <div style="color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="width: 26%; vertical-align: bottom; text-align: center;">3.3 million</td>
                      <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                        <div style="color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="width: 23.5%; vertical-align: bottom; text-align: center;">0.02</td>
                    </tr>
                    <tr>
                      <td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
                        <div style="text-align: left; color: rgb(0, 0, 0);">August 26, 2021</div>
                      </td>
                      <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                        <div style="color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="width: 26%; vertical-align: bottom; text-align: center;">3.3 million</td>
                      <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                        <div style="color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="width: 23.5%; vertical-align: bottom; text-align: center;">0.02</td>
                    </tr>
                    <tr>
                      <td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9" rowspan="1">
                        <div style="text-align: left; color: rgb(0, 0, 0);">May 26, 2021</div>
                      </td>
                      <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom" rowspan="1">$ <br>
                      </td>
                      <td style="width: 26%; vertical-align: bottom; text-align: center;" rowspan="1">6.8 million</td>
                      <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom" rowspan="1">$ <br>
                      </td>
                      <td style="width: 23.5%; vertical-align: bottom; text-align: center;" rowspan="1">0.04</td>
                    </tr>
                    <tr>
                      <td style="width: 46%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: left; color: rgb(0, 0, 0);">February 25, 2021</div>
                      </td>
                      <td style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="width: 26%; vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);">8.6 million</td>
                      <td style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="width: 23.5%; vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);">0.05</td>
                    </tr>
                    <tr>
                      <td style="border-top: 2px solid rgb(128, 128, 128); width: 46%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); background-color: rgb(217, 217, 217); font-weight: bold;">
                        <div style="text-align: left; color: rgb(0, 0, 0); font-weight: bold;">Total payment as of December 31, 2021</div>
                      </td>
                      <td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
                        <div style="font-weight: bold; color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="border-top: 2px solid rgb(128, 128, 128); width: 26%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); text-align: center; font-weight: bold;">22.1 million</td>
                      <td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
                        <div style="font-weight: bold; color: #000000; text-align: left;">$</div>
                      </td>
                      <td style="border-top: 2px solid rgb(128, 128, 128); width: 23.5%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); text-align: center; font-weight: bold;">0.13</td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <br>
      <div>
        <div>
          <div>
            <div> </div>
          </div>
        </div>
      </div>
    </div>
    <div style="font-weight: bold;">Note 8 &#8211; Accounts receivable and accrued revenues</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Accounts receivable and accrued revenues totaling $25.2 million as of June 30, 2022, consists of mainly accounts receivable with no material amounts overdue.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 9 &#8211; Deferred shipping revenues</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">Deferred shipping revenues relates to charter hire payments paid in advance. As of June 30, 2022, $3.3 million was recognized as deferred shipping revenues in the interim condensed consolidated statement of financial
      position.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 10 - Financial risk management, objectives, and policies</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Note 9 in the 2021 annual report on Form 20-F provides for details of financial risk management objectives and policies.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company&#8217;s principal financial liability consists of long-term debt with the main purpose being to partly finance the Company&#8217;s assets and operations. The Company&#8217;s financial assets mainly
      comprise cash.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company is exposed to market risk, credit risk and liquidity risk. The Company&#8217;s senior management oversees the management of these risks.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">21</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Note 11 &#8211; Subsequent events</div>
    <div><br>
    </div>
    <div style="text-align: justify;">In July 2022, the Company entered into a five-year time-charter for DHT Osprey at $37,000 per day, with charterer&#8217;s option to extend two additional years, at $40,000 per day and $45,000 per day, respectively. The
      vessel is expected to deliver into the contract in August.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">In July 2022, the Company also agreed to a $37.5 million refinancing of the DHT Tiger with Credit Agricole. The new facility has a tenor of 6 years and an amortization profile of 20 years.&#160;It will
      bear an interest rate of Secured Overnight Financing Rate (SOFR) plus a margin of 2.05%, which includes the historical Credit Adjustment Spread (CAS) of 26 basis points.&#160;As such, the cost of the facility would compare to a Libor equivalent margin of
      179 basis points, representing a reduction in the Company&#8217;s borrowing cost.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">On August 9, 2022, the Board approved a dividend of $0.04 per common share related to the second quarter 2022 to be paid on August 30, 2022, for shareholders of record as of August 23, 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Company has committed $25 million to retrofit an additional 8 vessels with scrubbers. The vessels are DHT Colt, DHT Jaguar, DHT Leopard, DHT Lion, DHT Panther, DHT Puma, DHT Stallion and DHT Tiger. All the vessels
      are of Eco-design and built between 2015 and 2018. The Company expects to commence the retrofit program in Q4 2022 and complete during Q1 2023. The combination of lower cost and the current higher fuel spreads makes this a compelling investment. The
      investment will be funded with liquidity at hand hence no new debt will be issued. Following the completion of this project, the Company will have 23 vessels fitted with scrubbers.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">So far in the third quarter of 2022, the Company has purchased 1,499,608 of its own shares in the open market for an aggregate consideration of $8.8 million, at an average price of $5.8721. All
      shares have been retired upon receipt. As of the date of this report, the Company has 162,653,339 shares outstanding.</div>
    <div style="text-align: justify; color: rgb(0, 0, 0);"> <br>
    </div>
  </div>
  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">22</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
