<SEC-DOCUMENT>0000950157-23-000086.txt : 20230209
<SEC-HEADER>0000950157-23-000086.hdr.sgml : 20230209
<ACCEPTANCE-DATETIME>20230209060133
ACCESSION NUMBER:		0000950157-23-000086
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230208
FILED AS OF DATE:		20230209
DATE AS OF CHANGE:		20230209

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:		23600941

	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
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    <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 18pt; font-weight: bold;">Form 6-K</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">Report of Foreign Private Issuer</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 under</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">the Securities Exchange Act of 1934</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">For the month of February 2023</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 24pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman';">(Exact name of Registrant as specified in its charter)</div>
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    <div style="font-family: 'Times New Roman';">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
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    <div style="text-align: center; font-family: 'Times New Roman';">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 style="font-family: 'Times New Roman';">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>
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    <div style="font-family: 'Times New Roman';">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>
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    <div style="color: #000000; font-family: 'Times New Roman';"><u>Press Releases</u></div>
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    <div style="font-family: 'Times New Roman';">The press release issued by DHT Holdings, Inc. (the <font style="color: #000000;">&#8220;</font>Company<font style="color: #000000;">&#8221;</font>) on February 8, 2023 related to its results for the fourth quarter of 2022 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</div>
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    <div style="color: #000000; font-family: 'Times New Roman';"><u>Incorporation by Reference</u></div>
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    <div style="font-family: 'Times New Roman';">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
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            <div style="font-family: 'Times New Roman';">99.1</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES</div>
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    <div style="font-family: 'Times New Roman';">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
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            <div style="font-family: 'Times New Roman';">DHT Holdings, Inc.</div>
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            <div style="font-family: 'Times New Roman';">(Registrant)</div>
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            <div style="font-family: 'Times New Roman';">Date: February 8, 2023</div>
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            <div style="font-family: 'Times New Roman';">By:</div>
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          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">/s/ Laila C. Halvorsen</td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
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    <!-- Licensed to: Cravath, Swaine & Moore LLP
         Document created using EDGARfilings PROfile 8.4.0.0
         Copyright 1995 - 2023 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: Arial; font-size: 10pt; text-align: left; color: rgb(0, 0, 0);">
  <div style="text-align: right;"><font style="font-weight: bold; font-family: 'Times New Roman';">Exhibit 99.1</font><br>
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  <div> <br>
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  <div><img src="image00001.jpg">
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      <div style="text-align: center; text-indent: 8.5pt; margin-left: 8.5pt; font-size: 14pt; font-weight: bold;">DHT Holdings, Inc. Fourth Quarter 2022 Results</div>
      <div><br>
      </div>
      <div style="margin-right: 24.6pt;">HAMILTON, BERMUDA, February 8, 2023 &#8211; DHT Holdings, Inc. (NYSE: DHT) (&#8220;DHT&#8221; or the &#8220;Company&#8221;) today announced:</div>
      <div style="margin-right: 24.6pt;"> <br>
      </div>
      <div style="font-weight: bold;">FINANCIAL HIGHLIGHTS:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z51d7a0a81ab44569ac413395baf1673e">

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              <div style="color: rgb(0, 0, 0); font-weight: bold;">USD mill. (except per share)</div>
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              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q4 2022</div>
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              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q3 2022</div>
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            <td style="width: 10.06%; 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;">Q2 2022</div>
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            <td style="width: 10%; vertical-align: top; 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;">Q1 2022</div>
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            <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;">Q4 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;">2022</div>
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              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2021</div>
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              <div style="color: rgb(0, 0, 0);">Shipping revenues</div>
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              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">166.5</div>
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            <td style="width: 10.04%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid; border-top: #000000 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">108.2</div>
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              <div style="text-align: right; color: rgb(0, 0, 0);">99.2</div>
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            <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);">76.4</div>
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            <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);">83.8</div>
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            <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);">450.4</div>
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              <div style="text-align: right; color: rgb(0, 0, 0);">295.9</div>
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              <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>
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              <div style="text-align: right; font-weight: bold;">116.7</div>
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              <div style="text-align: right;">55.3</div>
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              <div style="text-align: right;">54.1</div>
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              <div style="text-align: right;">38.7</div>
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              <div style="text-align: right;">49.3</div>
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            <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; color: rgb(0, 0, 0);">264.9</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">203.4</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
              <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-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">95.4</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right;">35.6</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid;">
              <div style="text-align: right;">32.5</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;">14.4</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;">32.0</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; color: rgb(0, 0, 0);">177.9</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">113.7</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
              <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; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">61.8</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right;">7.5</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid;">
              <div style="text-align: right;">10.0</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;">(17.3)</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);">
              <div style="text-align: right;">(2.9)</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; color: rgb(0, 0, 0);">62.0</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">(11.5)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
              <div style="color: rgb(0, 0, 0);">EPS &#8211; basic</div>
            </td>
            <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">0.38</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right;">0.04</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid;">
              <div style="text-align: right;">0.06</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;">(0.10)</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: 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; color: rgb(0, 0, 0);">0.37</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">(0.07)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
              <div style="color: rgb(0, 0, 0);">EPS &#8211; diluted<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
            </td>
            <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">0.38</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right;">0.04</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid;">
              <div style="text-align: right;">0.06</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;">(0.10)</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: 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; color: rgb(0, 0, 0);">0.37</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">(0.07)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
              <div style="color: rgb(0, 0, 0);">Dividend<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>
            </td>
            <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">0.38</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right;">0.04</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid;">
              <div style="text-align: right;">0.04</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: 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: 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; color: rgb(0, 0, 0);">0.48</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">0.10</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
              <div style="color: rgb(0, 0, 0);">Interest bearing debt</div>
            </td>
            <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">396.7</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right;">418.9</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid;">
              <div style="text-align: right;">482.2</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;">521.0</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;">522.3</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);">
              <div style="text-align: right; color: rgb(0, 0, 0);">396.7</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">522.3</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
              <div style="color: rgb(0, 0, 0);">Cash and cash equivalents</div>
            </td>
            <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">125.9</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right;">65.7</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid;">
              <div style="text-align: right;">105.8</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;">58.6</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;">60.7</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; color: rgb(0, 0, 0);">125.9</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">60.7</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138); border-bottom: 2px solid rgb(127, 127, 127);">
              <div style="color: rgb(0, 0, 0);">Net debt</div>
            </td>
            <td style="border-bottom: 3px solid #359B8A; border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; width: 10.05%;">
              <div style="text-align: right; font-weight: bold;">270.7</div>
            </td>
            <td style="width: 10.04%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right;">353.2</div>
            </td>
            <td style="width: 10.06%; vertical-align: bottom; border-left: #808080 2px solid; border-bottom: #7F7F7F 2px solid;">
              <div style="text-align: right;">376.4</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;">462.4</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;">461.6</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; color: rgb(0, 0, 0);">270.7</div>
            </td>
            <td nowrap="nowrap" 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; color: rgb(0, 0, 0);">461.6</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0); font-weight: bold;">QUARTERLY HIGHLIGHTS:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="za418e12497b74427b3d3319216458f13">

          <tr>
            <td style="width: 0.3pt;"><br>
            </td>
            <td style="width: 17.7pt; vertical-align: top;">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">In the fourth quarter of 2022, the Company achieved average combined time charter equivalent earnings of $56,900 per day, comprised of $36,100 per day for the Company&#8217;s VLCCs on time-charter and $63,800 per
                day for the Company&#8217;s VLCCs operating in the spot market. The result for the Company&#8217;s VLCCs operating in the spot market, measured on a discharge-to-discharge basis, was $63,900 per day for the fourth quarter of 2022.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zc9d76c0a5dec465395cf5a82d0283ab6">

          <tr>
            <td style="width: 17.85pt; vertical-align: top;">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Adjusted EBITDA for the fourth quarter of 2022 was $95.4 million. Net profit for the quarter was $61.8 million which equates to $0.38 per basic share.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zaa2db6974863449e996b28fbfe14248c">

          <tr>
            <td style="width: 18pt; vertical-align: top;">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In December 2022, the Company prepaid $23.7 million under the Nordea Credit Facility. The voluntary prepayment was made for all regular installments for 2023.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z82ae2d5915b44f5692dd8c475f9993c9">

          <tr>
            <td style="width: 18pt; vertical-align: top;">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In November 2022, the Company entered into agreement for a $37.5 million refinancing with Credit Agricole. The new loan will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) + 2.05%, including the historical
                Credit Adjustment Spread (CAS) of 26 basis points. The cost of the facility compares to a LIBOR equivalent margin of 179 basis points and the facility is repayable in quarterly installments of $0.6 million with final maturity in December
                2028.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zc6ea9044630c487995a05b2f8dab5b0b">

          <tr>
            <td style="width: 0.15pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>For the fourth quarter of 2022, the Company declared a cash dividend of $0.38 per share of outstanding common stock, payable on February 24, 2023, to shareholders of record as of February 17, 2023. This marks the 52<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup>
                consecutive quarterly cash dividend. The shares will trade ex-dividend from February 16, 2023.</div>
            </td>
          </tr>

      </table>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z987e8a188db24c26809199ebb2491d31">

          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #000000; border-left: 2px solid #7F7F7F; border-top: 2px solid #7F7F7F; vertical-align: middle; white-space: nowrap; width: 30%;">&#160;</td>
            <td style="background-color: rgb(217, 217, 217); border-width: 3px 3px 2px; border-style: solid; border-color: rgb(53, 155, 138) rgb(53, 155, 138) rgb(0, 0, 0); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q4 2022</div>
            </td>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #000000; 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;">Q3 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;">Q2 2022</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;">Q1 2022</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;">Q4 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;">2022</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>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138); border-top: 2px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0);">Operating days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></div>
            </td>
            <td style="border-left: 3px solid rgb(53, 155, 138); border-right: 3px solid rgb(53, 155, 138); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2,116.0</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);">2,184.3</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);">2,288.8</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; color: rgb(0, 0, 0);">2,340.0</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; color: rgb(0, 0, 0);">2,392.0</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);">8,929.0</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>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; vertical-align: middle; white-space: nowrap; width: 30%;">
              <div style="color: rgb(0, 0, 0);">Scheduled off hire days</div>
            </td>
            <td style="border-left: 3px solid rgb(53, 155, 138); border-right: 3px solid rgb(53, 155, 138); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">63.5</div>
            </td>
            <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0);"><font style="font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>-</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);">22.5</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; color: rgb(0, 0, 0);">64.3</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; color: rgb(0, 0, 0);">98.3</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);">150.3</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);">514.7</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; 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;">7</sup></div>
            </td>
            <td style="border-left: 3px solid rgb(53, 155, 138); border-right: 3px solid rgb(53, 155, 138); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">0.1%</div>
            </td>
            <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0);">0.0%</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);">0.0%</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; color: rgb(0, 0, 0);">0.6%</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; color: rgb(0, 0, 0);">0.3%</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);">0.2%</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>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; 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;">6</sup></div>
            </td>
            <td style="border-left: 3px solid rgb(53, 155, 138); border-right: 3px solid rgb(53, 155, 138); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2,051.5</div>
            </td>
            <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,181.5</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);">2,227.2</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; color: rgb(0, 0, 0);">2,261.5</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; color: rgb(0, 0, 0);">2,287.5</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);">8,721,7</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);">9,157.3</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; 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;">7</sup></div>
            </td>
            <td style="border-left: 3px solid rgb(53, 155, 138); border-right: 3px solid rgb(53, 155, 138); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">74.7%</div>
            </td>
            <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0);">74.5%</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);">76.1%</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; color: rgb(0, 0, 0);">76.3%</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; color: rgb(0, 0, 0);">73.9%</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);">75.4 %</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);">
              <div style="text-align: right; color: rgb(0, 0, 0);">54.7 %</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-left: 2px solid #7F7F7F; 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-left: 3px solid rgb(53, 155, 138); border-right: 3px solid rgb(53, 155, 138); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$36,100</div>
            </td>
            <td style="border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$35,300</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);">$33,800</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;">$33,200</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;">$33,900</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;">$34,600</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;">$32,600</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #D9D9D9; border-bottom: 2px solid #7F7F7F; border-left: 2px solid #7F7F7F; 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 rgb(53, 155, 138); border-left: 3px solid rgb(53, 155, 138); border-right: 3px solid rgb(53, 155, 138); vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$63,800</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-right: 2px solid #808080; vertical-align: middle; width: 10%;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$22,000</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; color: rgb(0, 0, 0);">$21,200</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;">$11,900</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;">$16,900</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;">$29,000</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;">$13,200</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify;"><br>
      </div>
      <div><br>
      </div>
      <div>Covid-19 restrictions related to our seafarers and the ability to change crews are now substantially behind us. 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 market recovery is continuing, albeit, with a recent dip in freight rates. The market has however demonstrated resistance levels and stayed profitable for the Company. Leading agencies have lifted global oil demand forecasts and revised
        non-OPEC supply upwards, both supportive of the freight market in which we operate. The revised demand forecasts are in particular related to China and the opening up of its society, expected to drive increased refinery runs and consumption of oil.
        This is underscored by recent announcements of China&#8217;s increased import quotas for crude oil. </div>
      <div><br>
      </div>
      <div>The VLCC orderbook and the number of remaining deliveries of new ships is being reduced quickly, with only 2.4% of total fleet yet to be delivered. This stands in stark contrast to 30.2% and 14.1% of the fleet now being older that 15- and 20-
        years, respectively. Most ships older than 20 years are engaged in trades either partly or fully sanctioned. Although these ships serve a purpose in the greater market, we find it hard to believe these ships will stay in business over time, or ever
        return to the compliant market, hence this phenomenon could be viewed as the &#8220;new scrapping&#8221; in due course. We maintain our expectation of the fleet to start shrinking over the next couple of years.</div>
      <div> <br>
      </div>
      <div>There are still macro-economic challenges on the horizon, but recent data and reports increasingly suggest that a constructive market view can be applied going forward.</div>
      <div><br>
      </div>
      <div>We are convinced of the merits of our strategy and continue to focus on running our business as efficiently as we can with strong revenue generation for our assets, a competitive cost base and low financial leverage. With this backdrop, we
        believe our policy of returning 100% of net income as quarterly cash dividends will reward our shareholders.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">As of December 31, 2022, DHT had a fleet of 23 VLCCs, with a total dwt of 7,152,498. For more details on the fleet, please refer to the web site: <font style="color: rgb(0, 0, 255);"><u>https://www.dhtankers.com/fleetlist/</u></font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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); font-weight: bold;">SUBSEQUENT EVENT HIGHLIGHTS:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="ze6a3d53899cb4b5ab34c8cafd1caaa73">

          <tr>
            <td style="width: 0.3pt;"><br>
            </td>
            <td style="width: 17.7pt; vertical-align: top; color: rgb(0, 0, 0);">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">In January 2023, the Company agreed to a $405 million secured credit facility, including a $100 million uncommitted incremental facility. ING and Nordea will act as joint coordinators and bookrunners with
                ING, Nordea, ABN Amro, Credit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. The new facility will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus a margin of 1.90%, including the historical
                Credit Adjustment Spread (CAS) of 26 basis points. The cost of the facility compares to a LIBOR equivalent margin of 164 basis points, representing a reduction in the Company&#8217;s borrowing cost. The new facility will refinance the outstanding
                amount on the current ABN Amro credit facility and be secured by 10 of the Company&#8217;s VLCCs. The new facility is in line with the &#8220;DHT-style financing&#8221; including a six-year tenor and a 20-year repayment profile.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zd36ad3acdb344395ad64b84bef4e6ee1">

          <tr>
            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">In January 2023, the Company terminated 7 interest rate swaps with maturity in the second and third quarter of 2023. The Company received $3.3 million in connection with the terminations.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z407611c938be4d76be755096d6f66d06">

          <tr>
            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="color: rgb(0, 0, 0);">So far in the first quarter of 2023, the Company has completed the installation of </font>exhaust gas cleaning systems<font style="color: rgb(0, 0, 0);"> for two vessels</font>. There are currently two
                additional vessels in the shipyard, with four remaining vessels planned to enter the shipyard in the first or second quarter of 2023.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">OUTLOOK:</div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;"> <br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="za3d0fcab18a24985888201f6fdc4d97a">

          <tr>
            <td nowrap="nowrap" style="width: 76.79%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #000000 2px solid;">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td style="width: 23.21%; vertical-align: bottom; background-color: #D9D9D9; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-weight: bold;">Estimated</div>
              <div style="text-align: right; font-weight: bold;">Q1 2023</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 76.79%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
              <div style="color: rgb(0, 0, 0);">Total fixed time charter days</div>
            </td>
            <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">510</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 76.79%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
              <div style="color: rgb(0, 0, 0);">Average fixed time charter rate ($/day)</div>
            </td>
            <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$ 33,900</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 76.79%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
              <div style="color: rgb(0, 0, 0);">Total spot days for the quarter</div>
            </td>
            <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,390</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 76.79%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
              <div style="color: rgb(0, 0, 0);">Spot days booked to date</div>
            </td>
            <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">920</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 76.79%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
              <div style="color: rgb(0, 0, 0);">Average spot rate booked to date ($/day)</div>
            </td>
            <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$ 56,400</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 76.79%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: rgb(0, 0, 0);">Spot P&amp;L break-even for the quarter</div>
            </td>
            <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">$ 26,200</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z1c0a8e19d47b4c89a2c0222be760196b">

          <tr>
            <td style="width: -0.3pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top; color: rgb(0, 0, 0);">&#9679;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Thus far in the first quarter of 2023, 66% of the available VLCC spot days have been booked at an average rate of $56,400 per day on a discharge-to-discharge basis. 75% of the available VLCC days, combined spot and time-charter days,
                have been booked at an average rate of $48,400 per day.</div>
            </td>
          </tr>

      </table>
      <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;"><u>Footnotes:</u></div>
      <div style="color: rgb(0, 0, 0); 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-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-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</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-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>Per common share.</div>
      <div style="color: rgb(0, 0, 0); font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</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-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</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
        or repositioning days in connection with sale.</div>
      <div style="color: rgb(0, 0, 0); font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup>As % of total operating days in period.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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>FOURTH 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 fourth quarter of 2022 of $166.5 million compared to shipping revenues of $83.8 million in the fourth quarter of 2021.</font>&#160;<font style="color: rgb(0, 0, 0);">The increase from the 2021 period to the 2022 period includes $91.3 million attributable to higher tanker rates partially offset by $8.6 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 fourth quarter of 2022 were $1.4 million and mainly relate to technical management services provided.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">There was no other income for the fourth quarter of 2022, whereas other income for the fourth quarter of 2021 was $4.6 million which related to the distribution of equity received from The
        Norwegian Shipowner&#8217;s Mutual War Risk Insurance Association.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Voyage expenses for the fourth quarter of 2022 were $49.8 million, compared to voyage expenses of $34.6 million in the fourth quarter of 2021.&#160;The increase was mainly due to more vessels in the
        spot market and higher bunker prices, resulting in a $10.3 million increase in bunker expenses and a $2.5 million increase in port cost.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Vessel operating expenses for the fourth quarter of 2022 were $19.9 million compared to $19.9 million in the fourth quarter 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 $27.7 million for the fourth quarter of 2022, compared to $32.8 million in the fourth quarter of 2021.
        The change was mainly due to decreased depreciation of vessels and docking of $2.5 million and decreased depreciation related to scrubbers of $2.8 million.</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0);">General and administrative (&#8220;G&amp;A&#8221;) expense for the fourth quarter of 2022 was $2.8 million, consisting of $2.1 million cash and $0.7 million non-cash charge, compared to $1.9 million in the fourth quarter of
        2021, consisting of $1.1 million cash and $0.8 million non-cash charge. Non-cash G&amp;A includes accrual for social security tax.</div>
      <div><br>
      </div>
      <div><font style="color: rgb(0, 0, 0);">Net financial expenses for the fourth quarter of 2022 were $5.8 million compared to $2.0 million in the fourth quarter of 2021. The increase was mainly due to</font>&#160;<font style="color: rgb(0, 0, 0);">non-cash
          gain of </font>$4.5 million&#160;related to interest rate derivatives in the fourth quarter of 2021, partially offset by interest income of $0.9 million in the fourth quarter of 2022.</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 fourth quarter of 2022 of $61.8 million, or income of $0.38 per basic share and $0.38 per diluted share, compared to a net loss
        in the fourth quarter of 2021 of $2.9 million, or a loss of $0.02 per basic share and $0.02 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 fourth quarter of 2022 was $90.3 million compared to $18.9 million for the fourth </font>quarter of 2021<font style="color: rgb(0, 0, 0);">. The increase was due to a profit of $61.8 million in the fourth quarter of 2022 compared to a loss of $2.9 million in the fourth quarter of 2021, a $7.9 million change in operating assets and liabilities, partially offset by a $1.3
          million decrease in non-cash items included in net income.</font></div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0);">Net cash used in investing activities was $1.6 million in the fourth quarter of 2022 comprised of $0.8 million related to the sale of DHT Edelweiss and $0.8 million related to investment in vessels. Net cash used by
        investing activities was $13.1 million in the fourth quarter of 2021 comprised of $14.2 million related to investment in vessels, partially offset by $1.0 million related to dividend received from associated company.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash used in financing activities for the fourth quarter of 2022 was $29.0 million comprised of $23.7 million related to prepayment of long-term debt, $6.5 million related to cash dividend
        paid, and $2.5 million related to scheduled repayment of long-term debt, partially offset by $4.0 million related to issuance of long-term debt. Net cash used in financing activities for the fourth quarter of 2021 was $9.6 million comprised of $3.0
        million related to purchase of treasury shares, $3.3 million related to cash dividend paid, and $3.1 million related to scheduled repayment of long-term debt.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">As of December 31, 2022, the cash balance </font>was $125.9 million, compared to <font style="color: rgb(0, 0, 0);">$60.7 million as of December 31, 2021.</font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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);">The Company monitors its covenant compliance on an ongoing basis. As of December 31, 2022, the Company was in compliance with its financial covenants.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">As of December 31<font style="color: rgb(0, 0, 0);">, 2022</font>, the Company had 162,653,339 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 $0.38 per common share for the fourth quarter of 2022 </font>payable on February 24, 2023, for shareholders of record as of February 17,
        2023.</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-right: 4.25pt; font-weight: bold;"><u>FULL YEAR 2022 FINANCIALS</u></div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The Company reported shipping revenues for 2022 of $450.4 million compared to $295.9 million in 2021.&#160;The increase from the 2021 period to the 2022 period includes $168.6 million attributable to
        higher tanker rates partially offset by $14.1 million attributable to decreased total revenue days.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Other revenues for 2022 were $3.8 million and mainly relate to technical management services provided.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">There was no other income for 2022, whereas other income for 2021 was $4.6 million which related to the distribution of equity received from The Norwegian Shipowner&#8217;s Mutual War Risk Insurance
        Association.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Voyage expenses for 2022 were $185.5 million compared to voyage expenses of $92.4 million in 2021.&#160;The increase was mainly due to more vessels in the spot market and higher bunker prices,
        resulting in an $81.3 million increase in bunker expenses and a $12.7 million increase in port expenses.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Vessel operating expenses for 2022 were $73.8 million, compared to $77.8 million in 2021. The decrease was mainly due to fewer operating days in 2022, equal to 8,929 operating days, compared to
        9,777 operating days in 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 $123.3 million for 2022, compared to $128.6 million in 2021. The decrease was mainly due to a decrease in
        depreciation related to vessels and docking of $6.9 million, partially offset by increased depreciation related to scrubbers of $1.4 million.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The Company recorded a gain of $19.5 million for 2022 related to sale of vessels compared to a gain of $15.2 million for 2021 related to the same.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">G&amp;A expense for 2022 was $16.9 million, consisting of $12.7 million cash and $4.2 million non-cash charge, compared to $16.6 million, consisting of $12.2 million cash and $4.4 million
        non-cash charge for 2021.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">Net financial expenses for 2022 were $11.6 million, compared to $11.3 million in 2021. The increase was due to a $3.0 million gain related to debt modification in 2021, partially
          offset by</font>&#160;<font style="color: rgb(0, 0, 0);">a non-cash gain of $15.0 million </font>related to interest rate derivatives in 2022 compared to a non-cash gain of $12.5 million in 2021.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">The Company had net income for 2022 of $62.0 million, or income of $0.37 per basic share and $0.37 per diluted share compared to net loss of $11.5 million, or a loss of $0.07 per
          basic share and $0.07 per diluted share in 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 2022 was $127.9 million compared to</font> $<font style="color: rgb(0, 0, 0);">60.6 </font>million for 2021<font style="color: rgb(0, 0, 0);">. The increase was due to a profit of $62.0 million in 2022 compared to a loss of $11.5 million in 2021, a $3.1 million change in operating assets and liabilities, partially offset by a $9.2 million decrease 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 for 2022 was $110.5 million comprised of $112.4 million related to sale of vessels and $8.3 million related to acquisition of subsidiary, net of cash
        paid, partially offset by $9.9 million related to investment in vessels. Net cash used in investing activities for 2021 was $86.5 million comprised of $174.6 million related to investment in vessels, partially offset by $87.1 million related to
        sale of vessels.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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 used in financing activities for 2022 was $173.3 million comprised of $96.8 million related to prepayment of long-term debt, $25.5 million related to repayment of long-term debt in
        connection with sale of vessels, $24.8 million related to purchase of treasury shares, $19.7 million related to cash dividends paid and $9.5 million related to scheduled repayment of long-term debt, partially offset by $4.0 million related to
        issuance of long-term debt. Net cash provided by financing activities for 2021 was $18.0 million comprised of $355.8 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, $32.2 million related to purchase of treasury shares, $22.1 million related to cash dividends paid, $7.6 million related to scheduled repayment of long-term debt
        and $6.1 million related to repayment of long-term debt in connection with sale of vessel.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">As of December 31, 2022, our cash balance was $125.9 million, compared to $60.7 million as of December 31, 2021.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">As of <font style="color: rgb(0, 0, 0);">December 31, 2022</font>, the Company had 162,653,339 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 style="color: rgb(0, 0, 0); font-weight: bold;"><u>RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</u></div>
      <div><br>
      </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><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;" id="z413742c48bb74fb19455600ba7654a2a">

            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #244062; border-left: #808080 2px solid; border-top: #808080 2px solid;">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q3 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q1 2022</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 2021</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; background-color: #244062; border-left: #808080 2px solid; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2022</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; background-color: #244062; border-right: #808080 2px solid; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2021</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #FFFFFF 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Shipping revenues</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">166,522</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">108,227</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;99,233</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;76,400</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;83,835</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">450,381</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">295,853</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Voyage expenses</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(49,781)</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(52,882)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(45,180)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(37,659)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(34,567)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(185,502)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(92,405)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">116,741</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">55,345</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;54,053</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;38,741</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;49,268</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">264,880</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">203,448</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">61,819</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">7,457</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;9,956</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(17,252)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,895)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">61,979</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(11,507)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Income tax expense</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;111</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">246</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">141</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">90</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">129</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">587</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">360</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;272</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">469</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;1,529</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #FFFFFF 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">556</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">502</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,826</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(645)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(56)</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(2,788)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(4,284)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #FFFFFF 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(7,855)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(4,456)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(14,983)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(12,450)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest expense</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">6,462</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">6,938</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;6,633</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #FFFFFF 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;6,164</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;6,297</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">26,197</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">25,727</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest income</div>
              </td>
              <td style="border-left: 3px solid #359B8A; border-right: 3px solid #359B8A; vertical-align: bottom; white-space: nowrap; width: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(886)</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(80)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(110)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #FFFFFF 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(1)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(1)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(1,076)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(6)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;-</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(978)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #FFFFFF 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(349)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(295)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(1,327)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(1,278)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">(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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;-</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(6,829)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(12,683)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #FFFFFF 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(19,513)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(15,153)</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">27,692</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">30,198</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;32,318</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;33,047</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;32,750</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">123,255</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">128,639</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">95,414</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">35,610</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;32,522</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;14,400</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;32,032</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">177,946</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">113,688</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 43.85%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">63,800</div>
              </td>
              <td nowrap="nowrap" style="width: 7.89%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">22,000</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;21,200</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;11,900</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;16,900</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">29,000</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">13,200</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;100</div>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.89%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">5,100</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(3,200)</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;2,800</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">400</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,200</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">500</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 43.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; 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: 7.69%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">63,900</div>
              </td>
              <td style="border-bottom: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.89%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">27,100</div>
              </td>
              <td nowrap="nowrap" style="width: 8.07%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;18,000</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;14,700</div>
              </td>
              <td nowrap="nowrap" style="width: 8.16%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;17,300</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">30,200</div>
              </td>
              <td nowrap="nowrap" style="width: 8.11%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">13,700</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: center;"><br>
      </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>
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      <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 Tuesday, February 9, 2023,</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 using this link:</div>
      <div style="color: rgb(0, 0, 255);"><u>https://register.vevent.com/register/BI099b1de003da42008bd044a5b23c9fe9</u></div>
      <div><br>
      </div>
      <div>Upon registering, each participant will be provided with participant dial-in numbers, and a unique personal PIN. 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, 255);"><u>https://edge.media-server.com/mmc/p/k22dpngo</u></font>&#160;and can also be accessed in the Investor Relations section of DHT's website <font style="color: rgb(0, 0, 255);"><u>at 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 February 16, 2023, at 19:00 CET. The recording can be accessed through the following link:</font>&#160;<font style="color: rgb(0, 0, 255);"><u>https://edge.media-server.com/mmc/p/k22dpngo</u></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, 255);"><u>http://www.dhtankers.com</u></font><font style="color: rgb(0, 0, 0);">.</font></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>E-mail: <font style="color: rgb(0, 0, 255);"><u>lch@dhtankers.com</u></font></div>
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      <div style="text-align: center; font-size: 18pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
      <div><br>
      </div>
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      </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 DECEMBER 31, 2022</div>
      <div><br>
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      <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</u></div>
      <div style="text-align: center;">($ in thousands)</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z4d06cefe50394657b423a622f8624241">

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                <div style="color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Note</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 4.28%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; width: 22%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">December 31, 2022 (Unaudited)</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 4.28%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-right: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; width: 22%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; 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%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">ASSETS</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#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);">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">&#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%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Current assets</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Cash and cash equivalents</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">125,948</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">60,658</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Accounts receivable and accrued revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">8</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;59,465</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">30,361</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Capitalized voyage expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,799</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,395</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Prepaid expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;10,550</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">6,162</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Derivative financial assets</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">3,759</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;-</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Bunker inventory</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;33,069</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total current assets</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">235,589</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</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: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="font-family: Arial; font-style: italic; font-weight: bold;">Non-current assets</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Vessels</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">6</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,261,998</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Advances for vessel upgrades</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">6</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">4,583</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;372</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Other property, plant and equipment</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">4,949</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">3,766</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Goodwill</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">4</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,356</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;-</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Investment in associate company</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">5,406</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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total non-current assets</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">1,272,885</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</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: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">TOTAL ASSETS</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">1,508,474</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</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: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</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%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">LIABILITIES AND EQUITY</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#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);">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial;">&#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%;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 42%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Accounts payable and accrued expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;29,398</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">19,662</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Derivative financial liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">7,002</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Current portion long-term debt</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;29,626</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">9,792</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Other current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,178</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;624</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Deferred shipping revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">9</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">4,172</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;64,374</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</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: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Non-current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Long-term debt</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">367,069</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">512,507</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Derivative financial liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">4,222</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Other non-current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">3,545</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total non-current liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">370,614</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</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: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">TOTAL LIABILITIES</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">434,988</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</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: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Equity</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Common stock at par value</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">7</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,627</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,661</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Additional paid-in capital</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,243,754</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Accumulated deficit</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(180,664)</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;(222,405)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Translation differences</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;138</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;101</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Other reserves</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">3,623</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Total equity attributable to the Company</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,068,478</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Non-controlling interest</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">5,008</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total equity</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">1,073,486</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</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: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 4.28%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 22%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">TOTAL LIABILITIES AND EQUITY</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 4.28%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">1,508,474</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 4.28%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </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: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">1,609,362</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z70f41577feae49c284f3575d62473f60">

            <tr>
              <td style="background-color: #244062; border-left: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.42%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 2022</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 2021</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">12 months 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%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">12 months 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: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Note</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Oct. 1 - Dec. 31, 2022</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Oct. 1 - Dec. 31, 2021</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Jan. 1 - Dec. 31, 2022</div>
              </td>
              <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Jan. 1 - Dec. 31, 2021</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Shipping revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">166,522</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">83,835</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">450,381</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">295,853</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Other revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,373</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">3,764</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">-</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">3</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">$</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">167,894</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">83,835</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">454,146</div>
              </td>
              <td style="border-bottom: 2px solid #000000; border-right: 3px solid #808080; border-top: 2px solid #000000; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">295,853</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Other income</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;4,612</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">4,612</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Operating expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Voyage expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(49,781)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(34,567)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(185,502)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(92,405)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Vessel operating expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(19,936)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(19,927)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(73,809)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(77,807)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Depreciation and amortization</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">6</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(27,692)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(32,750)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(123,255)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(128,639)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Gain /( loss), sale of vessels</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;19,513</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;15,153</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">General and administrative expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(2,764)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(1,920)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(16,889)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(16,565)</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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total operating expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(100,173)</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);">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(89,165)</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;(379,942)</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%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;(300,264)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Operating (loss)/ income</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">67,721</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(718)</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;&#160;74,204</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%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">202</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Share of profit from associated companies</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;295</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,327</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,278</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest income</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">886</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,076</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">6</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest expense</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(6,462)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(6,297)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(26,197)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(25,727)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Fair value gain/(loss) on derivative financial liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;56</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;4,456</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;14,983</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;12,450</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Other financial (expense)/income</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(272)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(502)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,826)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">645</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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Profit/(loss) before tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">61,929</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(2,765)</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;&#160;62,567</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%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(11,147)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Income tax expense</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(111)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(129)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(587)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(360)</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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Profit/(loss) after tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">61,819</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);">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(2,895)</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);">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">&#160;&#160;61,979</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%;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(11,507)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Attributable to owners of non-controlling interest</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(206)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">459</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">14</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Attributable to the owners of parent</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">62,025</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,900)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;61,520</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(11,521)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Attributable to the owners of parent</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Basic earnings/(loss) per share</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">0.38</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(0.02)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;0.37</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(0.07)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Diluted earnings/(loss) per share</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">0.38</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(0.02)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;0.37</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(0.07)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Weighted average number of shares (basic)</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.42%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">162,653,339</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">166,596,396</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">&#160;164,692,954</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">&#160;169,089,325</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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Weighted average number of shares (diluted)</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.42%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">162,940,784</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">166,596,396</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">&#160;164,850,091</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">&#160;169,089,325</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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 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="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za2faf710cef1488899538e19be738207">

            <tr>
              <td style="background-color: #244062; border-left: 3px solid #808080; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.34%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 2022</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 2021</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">12 months 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: 13.38%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">12 months 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: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Note</div>
              </td>
              <td style="width: 3.34%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Oct. 1 - Dec. 31, 2022</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Oct. 1 - Dec. 31, 2021</div>
              </td>
              <td style="width: 13.38%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Jan. 1 - Dec. 31, 2022</div>
              </td>
              <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; width: 13.38%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Jan. 1 - Dec. 31, 2021</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Profit/(loss) after tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">61,819</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,895)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">61,979</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(11,507)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Other comprehensive income/(loss):</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; 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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">Items that will not be reclassified subsequently to income statement:</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Remeasurement of defined benefit obligation (loss)</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(101)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(92)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(101)</div>
              </td>
              <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(92)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Total</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(101)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(92)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(101)</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(92)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">Items that may be reclassified subsequently to income statement:</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Exchange gain/(loss) on translation of foreign currency</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">denominated associate and subsidiary</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;637</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">28</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">101</div>
              </td>
              <td style="border-bottom: 2px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(68)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Total</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;637</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">28</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">101</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;(68)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Other comprehensive income/(loss)</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;&#160;535</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;(64)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(1)</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: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(160)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total comprehensive income/(loss) for the period</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">62,354</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(2,959)</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">61,979</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: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(11,667)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: #D9D9D9; border-left: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Attributable to owners of non-controlling interest</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.34%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;80</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;&#160;5</div>
              </td>
              <td nowrap="nowrap" style="width: 13.38%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">523</div>
              </td>
              <td style="border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">14</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%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Attributable to the owners of parent</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.34%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">$</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">62,274</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,964)</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">61,456</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-right: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 13.38%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(11,681)</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" id="z9c5a397852a34245ab82e6f869b17ad3" 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-left: 3px solid rgb(128, 128, 128); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">&#160;</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: 3%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.43%;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</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%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 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%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 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: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">12 months 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: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">12 months 2021</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(36, 64, 98); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Note</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Oct. 1 - Dec. 31, 2022</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Oct. 1 - Dec. 31, 2021</div>
              </td>
              <td style="width: 13%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Jan. 1 - Dec. 31, 2022</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Jan. 1 - Dec. 31, 2021</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td style="background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Profit/(loss) after tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">61,819</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(2,895)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">61,979</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(11,507)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </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 rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Items included in net income not affecting cash flows</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">28,158</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">29,422</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">94,363</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">103,607</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Depreciation and amortization</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">27,692</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">32,750</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">123,255</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">128,639</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Amortization of upfront fees</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">624</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">640</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">2,902</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">2,550</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; (Gain) / loss, sale of vessels</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(19,513)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(15,153)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Fair value (gain)/loss on derivative financial instruments</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(56)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(4,456)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(14,983)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(12,450)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Impairment of equity accounted investment</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">4</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">637</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Compensation related to options and restricted stock</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">608</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">783</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">4,133</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">4,347</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Net foreign exchange differences</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(41)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(73)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; (Gain) / loss modification of debt</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(669)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(669)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(3,049)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Share of profit in associated companies</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(295)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(1,327)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(1,278)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Income adjusted for non-cash items</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">89,977</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">26,528</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">156,342</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: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">92,100</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </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 rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Changes in operating assets and liabilities</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">282</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(7,627)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(28,437)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">(31,537)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Accounts receivable and accrued revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(9,028)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(13,012)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(28,703)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(301)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Capitalized voyage expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">924</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(484)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(1,403)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Prepaid expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(44)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">275</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(3,537)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">523</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Accounts payable and accrued expenses</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">4,135</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">8,755</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">5,641</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">1,551</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Deferred shipping revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">1,116</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">819</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(693)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(11,372)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Bunker inventory</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(255, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">3,282</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(3,974)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">327</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(21,542)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic;">&#160;&#160; Pension liability</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(255, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial; font-style: italic;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(104)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(5)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(68)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial; font-style: italic;">(41)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Net cash provided by operating activities</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">90,259</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">18,901</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">127,906</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: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">60,562</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </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 rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
            </tr>
            <tr>
              <td style="background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </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: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Investment in vessels</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(725)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(14,157)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(9,902)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(174,558)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Proceeds from sale of vessels</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(767)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">112,399</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">87,063</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Investment in subsidiaries</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(2)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">-</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Acquisition of subsidiary, net of cash paid</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">4</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">8,267</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">-</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Dividend received from associated company</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">1,031</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">1,031</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Investment in other property, plant and equipment</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(146)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(243)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(48)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Net cash (used in)/provided by investing activities</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(1,638)</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(13,125)</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">110,518</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: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(86,512)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </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 rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</td>
            </tr>
            <tr>
              <td style="background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 42%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
              </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: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Cash dividends paid</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">7</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(6,506)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(3,334)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(19,679)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(22,083)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Repayment principal element of lease liability</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(359)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(154)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(1,090)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(611)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Issuance of long-term debt</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">4,008</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(1)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">4,008</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">355,840</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Purchase of treasury shares</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">7</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(2,971)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(24,758)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(32,178)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Scheduled repayment of long-term debt</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(2,463)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(3,139)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(9,454)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(7,629)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Prepayment of long-term debt</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(23,715)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(96,840)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(93,378)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Repayment of long-term debt refinancing</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(175,933)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Repayment of long-term debt, sale of vessels</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">5</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">(25,531)</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(6,061)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Net cash (used in)/provided by financing activities</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(29,035)</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(9,599)</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">(173,343)</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: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">17,967</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </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 rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Net (decrease)/increase in cash and cash equivalents</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">59,586</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(3,823)</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">65,081</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">(7,983)</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Net foreign exchange difference</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">654</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">209</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">-</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Cash and cash equivalents at beginning of period</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">65,708</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">64,481</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">60,658</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">68,641</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Cash and cash equivalents at end of period</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">125,948</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">60,658</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">125,948</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: 13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">60,658</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </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 rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Specification of items included in operating activities:</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </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 rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%; font-family: Arial;">&#160;</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest paid</div>
              </td>
              <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.43%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">7,026</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">5,732</div>
              </td>
              <td nowrap="nowrap" style="width: 13%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial;">23,450</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">23,196</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: 42%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest received</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 3%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.43%;">
                <div style="text-align: right; font-family: Arial;">&#160;</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">1,290</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">1</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 13%;">
                <div style="text-align: right; font-family: Arial;">1,481</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: 13%;">
                <div style="text-align: right; font-family: Arial;">6</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: center;"><br>
      </div>
      <div style="text-align: center; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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 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><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" id="z2d253216e31746988506e2793c8689be" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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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: 24%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.24%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.19%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</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: 7%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</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: 7%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Paid-in</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</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: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</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: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.27%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</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: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Non-</div>
              </td>
              <td style="background-color: #244062; border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</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: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(36, 64, 98); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 24%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; background-color: #244062;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Additional</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Treasury</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Accumulated</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Translation</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Other</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Controlling</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; background-color: #244062;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Total</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(36, 64, 98); border-bottom: 3px solid rgb(128, 128, 128); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 24%;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.24%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Note</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.19%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Shares</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Amount</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Capital</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Shares</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Deficit</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.27%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Differences</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-bottom: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Reserves</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.13%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Interest</div>
              </td>
              <td style="background-color: #244062; border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td style="background-color: rgb(36, 64, 98); border-bottom: 3px solid rgb(128, 128, 128); border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Equity</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at January 1, 2021</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">170,798,328</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">1,708</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">1,291,505</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(188,709)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">169</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4,248</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">19</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">1,108,940</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Net income/(loss) after tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(11,521)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">14</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(11,507)</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Other comprehensive income/(loss)</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(92)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;(68)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Total comprehensive income/(loss)</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">(11,613)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;(68)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">14</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 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);">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">(11,667)</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Cash dividends declared and paid</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(22,083)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(22,083)</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Purchase of treasury shares</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">7</div>
              </td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(32,178)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(32,178)</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Retirement of treasury shares</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">7</div>
              </td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(5,513,254)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(55)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(32,123)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">32,178</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; width: 24%;">
                <div style="font-family: Arial; font-size: 8pt;">Compensation related to options and restricted stock</div>
              </td>
              <td style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td style="width: 7.19%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">841,696</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">8</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4,619</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(280)</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4,347</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); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at December 31, 2021</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.24%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">7</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.19%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">166,126,770</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">1,661</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">1,264,000</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">-</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">(222,405)</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.27%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">101</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">3,968</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">34</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">1,047,359</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 24%; vertical-align: bottom;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: bottom; white-space: nowrap; width: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 3.24%; font-family: Arial; text-align: center;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 7.19%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 7%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 7%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 6%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 6%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 6.27%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 6.13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at January 1, 2022</div>
              </td>
              <td style="border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 3.24%; font-family: Arial; text-align: center;">&#160;</td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.19%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">166,126,770</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">1,661</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">1,264,000</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(222,405)</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.27%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">101</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td style="border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">3,968</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">34</div>
              </td>
              <td style="border-top: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;$</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); border-top: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">1,047,359</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Profit/(loss) after tax</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">61,520</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">459</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">61,979</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Other comprehensive income/(loss)</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(101)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">37</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">64</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(1)</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Total comprehensive income/(loss)</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">61,419</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">37</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">523</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</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: 6%;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">61,979</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Cash dividends declared and paid</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(19,679)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(19,679)</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Purchase of treasury shares</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">7</div>
              </td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(24,758)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(24,758)</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Adjustment related to non-controlling interest</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4</div>
              </td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4,452</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4,452</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: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">Retirement of treasury shares</div>
              </td>
              <td nowrap="nowrap" style="width: 3.24%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">7</div>
              </td>
              <td nowrap="nowrap" style="width: 7.19%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(4,326,379)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(43)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(24,715)</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">24,758</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-left: 3px solid rgb(128, 128, 128); vertical-align: bottom; width: 24%;">
                <div style="font-family: Arial; font-size: 8pt;">Compensation related to options and restricted stock</div>
              </td>
              <td style="width: 3.24%; vertical-align: bottom; font-family: Arial; text-align: center;">&#160;</td>
              <td style="width: 7.19%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">852,948</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">9</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 7%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4,469</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 1.92%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; font-family: Arial; text-align: right;">&#160;</td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 6.27%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">(345)</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 6.13%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="width: 1.92%; vertical-align: bottom;">
                <div style="text-align: right; font-family: Arial; font-size: 8pt;">&#160;</div>
              </td>
              <td style="border-right: 3px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">4,133</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); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 24%;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at December 31, 2022</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 3.24%;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">7</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 7.19%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">162,653,339</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">1,627</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 7%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">1,243,754</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">-</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">(180,664)</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.27%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">138</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">3,623</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 6.13%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">5,008</div>
              </td>
              <td style="border-bottom: 3px solid #808080; vertical-align: bottom; white-space: nowrap; width: 1.92%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
              </td>
              <td style="border-bottom: 3px 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: 6%;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">1,073,486</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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 DECEMBER 31, 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 February 7, 2023, and authorized for issue on February 8,
        2023.</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 interim condensed consolidated 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 interim condensed consolidated 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 interim condensed consolidated 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 interim condensed consolidated 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 style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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); font-style: italic;"><u>Vessels</u></div>
      <div style="text-align: justify;">Capitalized exhaust gas cleaning systems costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life. The exhaust gas cleaning systems are
        estimated to have a life of three years.</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>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z61f02580244c45ad9518a5d1b56b7062">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">o</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>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z704057a393ca4770a45611337859f990">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">o</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><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);"> <br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">
        <table cellspacing="0" cellpadding="2" border="0" id="z13ce7916439645a5860f88b450b88118" 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);">
                <div style="color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.46%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; 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);">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.1%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2022</div>
              </td>
              <td style="background-color: #244062; border-right: 2px solid #808080; border-top: 2px solid #808080; vertical-align: bottom; white-space: nowrap; width: 14%;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">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);">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">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;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.46%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">18,582</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">21,309</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.1%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">75,790</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">140,730</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);">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Voyage charter revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.46%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">147,940</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">62,525</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.1%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">374,592</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">155,124</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); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Shipping revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.46%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">166,522</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">83,835</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.1%; vertical-align: bottom; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">450,381</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">295,853</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);">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Other revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.46%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,373</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.1%; vertical-align: bottom;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">3,764</div>
              </td>
              <td nowrap="nowrap" style="width: 14%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</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); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total revenues</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.46%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">167,894</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">83,835</div>
              </td>
              <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 14.1%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">454,146</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);">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">295,853</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic;"><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 $4.9 million in the fourth quarter of 2022, $5.6 million in the fourth quarter of 2021, $19.1 million in 2022 and $36.4 million in 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-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 December 31, 2022, the Company had 23 vessels in operation; 5 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 October 1, 2022, to December 31, 2022, five customers represented $37.8 million, $29.9 million, $18.6 million, $10.4 million, and $6.6 million, respectively, of the
          Company&#8217;s shipping revenues. The five customers in aggregate represented $103.2 million, equal to 62 percent of the shipping revenues of $166.5 million for the period from October 1, 2022, to December 31, 2022.</div>
        <div><br>
        </div>
        <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from January 1, 2022, to December 31, 2022, five customers represented $80.2 million, $68.8 million, $27.4 million, $26.9 million, and $19.8 million, respectively, of the
          Company&#8217;s shipping revenues. The five customers in aggregate represented $223.1 million, equal to 50 percent of the shipping revenues of $450.4 million for the period from January 1, 2022, to December 31, 2022.</div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from October 1, 2021, to December 31, 2021, five customers represented $17.2 million, $11.7 million, $10.7 million, $9.8 million, and $9.8 million, respectively, of the Company&#8217;s
        total revenues. The five customers in aggregate represented $59.1 million, equal to 70 percent of the total revenue of $83.8 million for the period from October 1, 2021, to December 31, 2021. </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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);">For the period from January 1, 2021, to December 31, 2021, five customers represented $41.4 million, $35.2 million, $28.3 million, $26.4 million and $26.3 million, respectively, of the Company&#8217;s
        revenues. The five customers in aggregate represented $157.6 million, equal to 53 percent of the total revenue of $295.9 million for the period from January 1, 2021, to December 31, 2021. </div>
      <div>
        <div><br>
        </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 22 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 was recognized under other financial (expense)/income in the consolidated income statement in the second quarter of 2022.</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><br>
      </div>
      <div>
        <div>
          <div>
            <div>
              <div>
                <div>
                  <table cellspacing="0" cellpadding="2" border="0" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse">

                      <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: 70%;">
                          <div style="font-weight: bold; color: #ffffff; text-align: left;">$ in thousands<br>
                          </div>
                        </td>
                        <td colspan="2" 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: bottom;">
                          <div style="font-weight: bold; color: rgb(255, 255, 255); text-align: right;">FV recognized on acquisition<br>
                          </div>
                        </td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1"><font style="font-weight: bold;">ASSETS</font><br>
                        </td>
                        <td style="width: 5%; vertical-align: bottom;" rowspan="1">&#160;</td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: center;" rowspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;">Current assets<br>
                        </td>
                        <td style="width: 5%; vertical-align: bottom;">
                          <div style="color: rgb(0, 0, 0); text-align: right;">$</div>
                        </td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right;">9,912</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">Non-current assets<br>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%; text-align: right;" rowspan="1">&#160;</td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right;" rowspan="1">&#160;2,522</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;">
                          <div style="text-align: left; color: rgb(0, 0, 0); font-weight: bold;">TOTAL ASSETS<br>
                          </div>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%;">
                          <div style="color: rgb(0, 0, 0); text-align: right; font-weight: bold;">$</div>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; font-weight: bold; text-align: right;">12,433</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">
                          <div style="text-align: left; color: rgb(0, 0, 0); font-weight: bold;">LIABILITIES</div>
                        </td>
                        <td style="width: 5%; vertical-align: bottom; font-weight: normal; text-align: right;" rowspan="1">&#160;<br>
                        </td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; font-weight: normal; text-align: right;" rowspan="1"><br>
                        </td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">Current liabilities<br>
                        </td>
                        <td style="width: 5%; vertical-align: bottom; text-align: right;" rowspan="1">&#160;$</td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right;" rowspan="1"><font style="font-weight: bold;">(570)</font><br>
                        </td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">Non-current liabilities<br>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%; text-align: right;" rowspan="1">&#160;</td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right; font-weight: normal;" rowspan="1">&#160;(2,342)</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%; font-weight: bold;" rowspan="1">TOTAL LIABILITIES</td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%; text-align: right; font-weight: bold;" rowspan="1">&#160;$</td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right; font-weight: normal;" rowspan="1"><font style="font-weight: bold;">(2,912)</font><br>
                        </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: bottom; width: 70%; font-weight: bold;" rowspan="1">TOTAL IDENTIFIABLE NET
                          ASSETS AT FAIR VALUE<br>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%; text-align: right; font-weight: bold;" rowspan="1">&#160;$</td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right;" rowspan="1"><font style="font-weight: bold;">&#160;9,521 </font><br>
                        </td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">&#160;</td>
                        <td style="width: 5%; vertical-align: bottom; text-align: right;" rowspan="1">&#160;</td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right;" rowspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">Previously held equity interest measured at fair value<br>
                        </td>
                        <td style="width: 5%; vertical-align: bottom; text-align: right;" rowspan="1">$<br>
                        </td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right; font-weight: bold;" rowspan="1">&#160;(6,030)</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">Non-controlling interest measured at the proportionate share of identifiable net assets<br>
                        </td>
                        <td style="width: 5%; vertical-align: bottom; text-align: right;" rowspan="1">&#160;</td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right; font-weight: bold;" rowspan="1">(4,453)<br>
                        </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: bottom; width: 70%;" rowspan="1">Goodwill arising on acquisition<br>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%; text-align: right;" rowspan="1">&#160;</td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right; font-weight: bold;" rowspan="1">1,356<br>
                        </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: bottom; width: 70%;" rowspan="1"><font style="font-weight: bold;">PURCHASE
                            CONSIDERATION TRANSFERRED</font></td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%; text-align: right;" rowspan="1"><font style="font-weight: bold;">$</font> <br>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right; font-weight: bold;" rowspan="1">394<br>
                        </td>
                      </tr>
                      <tr>
                        <td style="vertical-align: bottom; width: 70%;" rowspan="1">&#160;</td>
                        <td style="width: 5%; vertical-align: bottom; text-align: right;" rowspan="1">&#160;</td>
                        <td style="vertical-align: bottom; width: 25%; text-align: right; color: rgb(0, 0, 0);" rowspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%; color: rgb(255, 255, 255); font-weight: bold;" rowspan="1">&#160;$ in thousands</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: 5%; text-align: right;" rowspan="1"><br>
                        </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: bottom; width: 25%; text-align: right; color: rgb(255, 255, 255);" rowspan="1"><font style="font-weight: bold;">Cash flow on acquistion</font> <br>
                        </td>
                      </tr>
                      <tr>
                        <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 70%;" rowspan="1">Net cash acquired with the subsidiary<br>
                        </td>
                        <td style="width: 5%; vertical-align: bottom; text-align: right;" rowspan="1">&#160;$</td>
                        <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right;" rowspan="1">&#160;8,660</td>
                      </tr>
                      <tr>
                        <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 2px solid #808080; vertical-align: bottom; width: 70%;" rowspan="1">Cash paid<br>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 5%; text-align: right;" rowspan="1">&#160;</td>
                        <td style="border-bottom: 2px solid #808080; border-right: 2px solid #808080; vertical-align: bottom; width: 25%; text-align: right;" rowspan="1">(394) <br>
                        </td>
                      </tr>
                      <tr>
                        <td style="background-color: #D9D9D9; border-bottom: 2px solid #808080; border-left: 2px solid #808080; vertical-align: bottom; width: 70%;">
                          <div style="text-align: left; color: rgb(0, 0, 0);"><font style="font-weight: bold;">NET CASH FLOW ACQUISITION</font><br>
                          </div>
                        </td>
                        <td style="border-bottom: 2px solid #808080; vertical-align: bottom; width: 5%;">
                          <div style="color: rgb(0, 0, 0); text-align: right; font-weight: bold;">$</div>
                        </td>
                        <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: bottom; width: 25%; text-align: right; font-weight: bold;">8,267</td>
                      </tr>

                  </table>
                </div>
              </div>
            </div>
          </div>
        </div>
      </div>
      <br>
      <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 results of the Company</u></div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from May 31 to December 31, 2022, Goodwood has contributed $3.8 million to total revenues and a profit of $1.1 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 $457.4 million on a proforma basis and the combined result before tax would have
        improved by $0.6 million to $63.2 million on a proforma basis.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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-weight: bold;">Note 5 &#8211; Interest bearing debt</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0);">As of December 31, 2022, DHT had interest bearing debt totaling $396.7 million.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Scheduled debt repayments (USD thousands) and margin above LIBOR</div>
      <div style="text-align: justify; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; font-weight: bold;">
        <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 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: 29%; font-family: Arial;">
                <div style="color: rgb(255, 255, 255); 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: middle; width: 11%;">
                <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Interest rate</div>
              </td>
              <td style="background-color: #244062; border-bottom: 2px solid #808080; border-top: 2px solid #808080; vertical-align: top; width: 10.06%;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q1 </div>
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2023</div>
              </td>
              <td style="background-color: #244062; border-bottom: 2px solid #808080; border-top: 2px solid #808080; vertical-align: top; width: 9.03%;">
                <div style="text-align: right; margin-left: 16.25pt; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2-Q4</div>
                <div style="text-align: right; margin-left: 16.25pt; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2023</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: 11%; font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2024</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: 10%; font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2025</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: 9%; font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Thereafter</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: bottom; width: 11%; font-family: Arial;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Total</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 29%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">ABN Amro Credit Facility *</div>
              </td>
              <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: center;">LIBOR + 2.40 %</div>
              </td>
              <td style="width: 10.06%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">6,419</div>
              </td>
              <td style="width: 9.03%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">19,257</div>
              </td>
              <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">191,084</div>
              </td>
              <td style="width: 10%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="width: 9%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial; text-align: right;">216,761</td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 29%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Credit Agricole Credit Facility</div>
              </td>
              <td style="width: 11%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: center;">SOFR + 2.05 %</div>
              </td>
              <td style="width: 10.06%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">625</div>
              </td>
              <td style="width: 9.03%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">1,875</div>
              </td>
              <td style="width: 11%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">2,500</div>
              </td>
              <td style="width: 10%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">2,500</div>
              </td>
              <td style="width: 9%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">30,000</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right;">37,500</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 29%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Danish Ship Finance Credit Facility</div>
              </td>
              <td style="width: 11%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: center;">LIBOR + 2.00 %</div>
              </td>
              <td style="width: 10.06%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="width: 9.03%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">2,427</div>
              </td>
              <td style="width: 11%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right;">2,427</div>
              </td>
              <td style="width: 10%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">26,693</div>
              </td>
              <td style="width: 9%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right;">31,547</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: 29%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Nordea Credit Facility **</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: center;">LIBOR + 1.90 %</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 10.06%; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 9.03%; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right;">23,715</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 10%; font-family: Arial;">
                <div style="text-align: right;">23,715</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 9%; font-family: Arial;">
                <div style="text-align: right;">69,806</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right;">117,235</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: 29%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Total</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 11%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 10.06%; font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">7,044</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 9.03%; font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">23,559</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">219,726</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 10%; font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">52,908</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 9%; font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">99,806</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">403,043</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: 29%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Unamortized upfront fees bank loans</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 11%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 10.06%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 9.03%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 11%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 10%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 9%; font-family: Arial; text-align: right;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right;">(6,347)</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: 29%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Total interest bearing debt</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: top; width: 11%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: top; width: 10.06%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: top; width: 9.03%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: top; width: 11%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: top; width: 10%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: top; width: 9%; font-family: Arial;">&#160;</td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-top: medium none rgb(0, 0, 0); vertical-align: middle; width: 11%; font-family: Arial;">
                <div style="text-align: right; font-weight: bold;">396,696</div>
              </td>
            </tr>

        </table>
        <div style="font-weight: normal;">
          <div style="text-align: left;">* $90.1 mill. undrawn as of December 31, 2022. </div>
        </div>
      </div>
      <div>** $144.4 mill. undrawn as of December 31, 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>The outstanding amount is repayable in quarterly installments of $6.4 million through Q2 2024 with a final payment of $178.2 million in addition to the last installment. The credit facility was refinanced in January 2023, please see Note 11,
        Subsequent events.</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>In November 2022,&#160;the Company entered into agreement for a $37.5 million refinancing with Credit Agricole. The new loan will bear interest at a rate equal to SOFR + 2.05%. The facility is repayable in quarterly installments of $0.6 million with
        final payment of $22.5 million in addition to the last installment in December 2028.</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;">In August 2022, the Company entered into an agreement to sell DHT Edelweiss, a 2008 built VLCC, for $37.0 million. The vessel was not fitted with an Exhaust Gas Cleaning System and was due for its 3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup>
        Special Survey and installation of a Ballast Water Treatment System in the first quarter of 2023. The vessel was delivered to its new owner during the third quarter of 2022 and the sale generated a gain of $6.8 million. The Company repaid the
        outstanding debt of $12.2 million in connection with the sale and cancelled the RCF tranche of $2.4 million.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">In June 2022 and September 2022, the Company prepaid $23.1 million and $50 million, respectively, under the Nordea Credit Facility. The voluntary prepayments were made under the revolving credit facility tranches and
        may be re-borrowed.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">In December 2022, the Company prepaid $23.7 million under the Nordea Credit Facility. The voluntary prepayment was made for all regular installments for 2023.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The outstanding amount is repayable in quarterly installments of $5.9 million from the first quarter of 2024, with the final payment of $40.9 million in addition to the last installment of $5.2 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; 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 style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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 December 31, 2022, the Company had nine amortizing interest rate swaps with notional amount totaling $311.6 million with maturity ranging from the second quarter 2023 to the third quarter 2023. The average
        fixed interest rate is 2.95%. As of December 31, 2022, the fair value of the derivative financial assets related to the swaps amounted to $3.8 million.</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: 30%;">
                <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: 14%; 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;">Q4 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: 14%;">
                <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;">Q4 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: 14%;">
                <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;">Q4 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: 14%; 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;">Q4 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: 30%; 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: 14%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">37,200</div>
              </td>
              <td style="width: 14%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">202</div>
              </td>
              <td style="width: 14%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">202<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: 30%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Swap pays 3.012%, 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);">Apr. 20, 2023</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">37,200</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">200<br>
                </div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">200<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: 30%; 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: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">25,609</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">365<br>
                </div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">365<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: 30%; 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: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">24,695</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">351<br>
                </div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">351<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: 30%; 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: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">41,120</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">629<br>
                </div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">629<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: 30%; 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: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">35,539</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">357</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">357<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: 30%; 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: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">40,478</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">623</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">623<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: 30%; 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: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">35,717</div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">544<br>
                </div>
              </td>
              <td style="width: 14%; vertical-align: middle; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">544<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: 30%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">Swap pays 3.020%, receive floating</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);">Sep. 29, 2023</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">34,033</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">488<br>
                </div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">-</div>
              </td>
              <td style="border-bottom: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); vertical-align: middle; width: 14%; font-family: Arial;">
                <div style="text-align: right;">488<br>
                </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: 30%; 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;">311,590</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: 14%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">3,759</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: 14%; 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: 14%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">3,759</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify;"><br>
      </div>
      <div><br>
      </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 December 31, 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);">11 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);">$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);">$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 $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 $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" rowspan="1" style="width: 20%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
              <td rowspan="1" style="width: 20%; vertical-align: middle; font-family: Arial;">&#160;</td>
              <td rowspan="1" style="width: 20%; vertical-align: middle; font-family: Arial;">&#160;</td>
              <td rowspan="1" style="width: 20%; vertical-align: middle; font-family: Arial;">&#160;</td>
              <td rowspan="1" style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(166, 166, 166); font-family: Arial;">&#160;</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 style="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) </font></div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">As of December 31, 2022, the Company was in compliance with its financial covenants.</div>
      <br>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div>
        <div style="text-align: justify; font-weight: bold;"><br>
          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>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Vessels</u></div>
      <div><br>
      </div>
      <div>
        <div><br>
        </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: 75%; 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: 25%; 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: 75%; 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: 25%; 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: 75%; 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: 25%; 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: 75%; 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: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">86</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 75%; 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: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">8,690</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 75%; 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: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(168,435)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 75%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">At December 31, 2022</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 25%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,997,196</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(36, 64, 98); font-family: Arial;">
                <div style="color: rgb(255, 255, 255); font-weight: bold;">Depreciation and amortization</div>
              </td>
              <td nowrap="nowrap" style="width: 25%; 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: 75%; 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: 25%; 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: 75%; 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: 25%; 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: 75%; 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: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">121,738</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 75%; 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: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">(75,549)</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 75%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">At December 31, 2022</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 25%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">735,198</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="color: rgb(0, 0, 0);">&#160;</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 75%; 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: 25%; 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: 75%; 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: 25%; 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: 75%; 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: 25%; vertical-align: bottom; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0);">1,467,846</div>
              </td>
            </tr>
            <tr>
              <td style="background-color: rgb(217, 217, 217); border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 75%; font-family: Arial;">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">At December 31, 2022</div>
              </td>
              <td style="border-bottom: 3px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); vertical-align: bottom; white-space: nowrap; width: 25%; font-family: Arial;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,261,998</div>
              </td>
            </tr>

        </table>
        <div style="color: rgb(0, 0, 0); font-style: italic;">*Relates to sale of DHT Falcon, DHT Hawk and DHT Edelweiss and completed depreciation of drydocking for DHT Hawk, DHT Sundarbans and DHT Taiga. </div>
      </div>
      <div><br>
      </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>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z392234e5684f47a2a4b548c7c67feb0c">

          <tr>
            <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <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: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">At January 1, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">372</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">Additions</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12,900</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">Transferred to vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(8,690)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">At December 31, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4,583</div>
            </td>
          </tr>

      </table>
      <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="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z57e89b9c7b454f2086d46264ddc0bae3">

          <tr>
            <td nowrap="nowrap" style="width: 56%; 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%; 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: 5%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td nowrap="nowrap" style="width: 20%; 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%; vertical-align: bottom;">
              <div>Issued at December 31, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 19%; vertical-align: middle;">
              <div style="text-align: right;">162,653,339</div>
            </td>
            <td nowrap="nowrap" style="width: 5%; vertical-align: middle;">&#160;</td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle;">
              <div style="text-align: right;">-</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 56%; vertical-align: bottom;">
              <div>Numbers of shares authorized for issue</div>
            </td>
            <td nowrap="nowrap" style="width: 19%; vertical-align: middle;">&#160;</td>
            <td nowrap="nowrap" style="width: 5%; vertical-align: middle;">&#160;</td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 56%; vertical-align: bottom;">
              <div>&#160;&#160;at December 31, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 19%; vertical-align: middle;">
              <div style="text-align: right;">250,000,000</div>
            </td>
            <td nowrap="nowrap" style="width: 5%; vertical-align: middle;">&#160;</td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle;">
              <div style="text-align: right;">1,000,000</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Par value</div>
            </td>
            <td nowrap="nowrap" style="width: 19%; 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: 5%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; 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-size: 8pt; 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>No stock repurchases were made in the fourth quarter of 2022. In the third quarter of 2022, the Company 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 $5.87 per
        share. 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 $5.63 per share. All shares were retired upon receipt. No stock
        repurchases were made in the first quarter of 2022.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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>In the fourth quarter of 2021, the Company purchased 561,111 of its own shares in the open market for an aggregate consideration of $3.0 million, at an average price of $5.28. In the third quarter of 2021, the Company purchased 1,230,302 of its
        own shares in the open market for an aggregate consideration of $6.7 million, at an average price of $5.47 per share. 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 $6.02 per share. All shares were retired upon receipt. No stock repurchases were made in the first quarter of 2021. </div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Dividend payment</u></div>
      <div>Dividend payments as of December 31, 2022:</div>
      <div><br>
      </div>
      <div>
        <div>
          <div>
            <div>
              <div>
                <div>
                  <table cellspacing="0" cellpadding="2" 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: rgb(255, 255, 255); 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);">
                            <div style="color: rgb(0, 0, 0);">November 29, 2022</div>
                          </div>
                        </td>
                        <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                          <div style="color: #000000; text-align: left;">$</div>
                        </td>
                        <td style="width: 26%; vertical-align: bottom; text-align: center;">6.5 million</td>
                        <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                          <div style="color: #000000; text-align: left;">$</div>
                        </td>
                        <td style="width: 23.5%; vertical-align: bottom; text-align: center;">0.04</td>
                      </tr>
                      <tr>
                        <td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
                          <div style="text-align: left; color: rgb(0, 0, 0);">
                            <div style="color: rgb(0, 0, 0);">August 30, 2022</div>
                          </div>
                        </td>
                        <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                          <div style="color: #000000; text-align: left;">$</div>
                        </td>
                        <td style="width: 26%; vertical-align: bottom; text-align: center;">6.5 million</td>
                        <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                          <div style="color: #000000; text-align: left;">$</div>
                        </td>
                        <td style="width: 23.5%; vertical-align: bottom; text-align: center;">0.04</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);">
                            <div style="color: rgb(0, 0, 0);">May 26, 2022</div>
                          </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: #d9d9d9">
                          <div style="text-align: left; color: rgb(0, 0, 0);">
                            <div style="color: rgb(0, 0, 0);">February 24, 2022</div>
                          </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="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, 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;">$</div>
                        </td>
                        <td style="border-top: 2px solid rgb(128, 128, 128); width: 26%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); text-align: center; font-weight: bold;">19.7 million</td>
                        <td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
                          <div style="font-weight: bold; color: #000000; text-align: left;">$</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;">0.12</td>
                      </tr>

                  </table>
                </div>
              </div>
            </div>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div>Dividend payments as of December 31, 2021:</div>
      <div>
        <div><br>
        </div>
        <div>
          <div>
            <div>
              <div>
                <div>
                  <table cellspacing="0" cellpadding="2" 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: #d9d9d9">
                          <div style="text-align: left; color: rgb(0, 0, 0);">February 25, 2021</div>
                        </td>
                        <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                          <div style="color: #000000; text-align: left;">$</div>
                        </td>
                        <td style="width: 26%; vertical-align: bottom; text-align: center;">8.6 million</td>
                        <td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
                          <div style="color: #000000; text-align: left;">$</div>
                        </td>
                        <td style="width: 23.5%; vertical-align: bottom; text-align: center;">0.05</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>
      <div><br>
      </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);">As of December 31, 2022, $59.5 million, consisting mainly of accounts receivable with no material amounts overdue, was recognized as accounts receivable and accrued revenues in the interim
        condensed consolidated statement of financial position, compared to $30.4 million as of December 31, 2021.</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 December 31, 2022, $4.2 million was recognized as deferred shipping revenues in the interim condensed consolidated statement of
        financial position, compared to $4.9 million as of December 31, 2021.</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 style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <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; color: rgb(0, 0, 0);">On February 7, 2023 the Board approved a dividend of $0.38 per common share related to the fourth quarter of 2022 to be paid on February 24, 2023, for shareholders of record as of February 17,
        2023.</div>
      <div><br>
      </div>
      <div><font style="color: rgb(0, 0, 0);">In January 2023, the Company agreed to a $405 million secured credit facility, </font>including a $100 million uncommitted incremental facility. <font style="color: rgb(0, 0, 0);">ING and Nordea will act as
          joint coordinators and bookrunners with ING, Nordea, ABN Amro, Credit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. The new facility will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus a margin
          of 1.90%, including the historical Credit Adjustment Spread (CAS) of 26 basis points. The cost of the facility compares to a LIBOR equivalent margin of 164 basis points, representing a reduction in the Company&#8217;s borrowing cost. The new facility
          will refinance the outstanding amount on the current ABN Amro credit facility and be secured by 10 of the Company&#8217;s VLCCs. The new facility is in line with the &#8220;DHT-style financing&#8221; including a six-year tenor and a 20-year repayment profile.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">In January 2023, the Company terminated 7 interest rate swaps with maturity in the second and third quarter of 2023. The Company received $3.3 million in connection with the terminations.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">So far in the first quarter of 2023, the Company has completed the installation of exhaust gas cleaning systems for two vessels. There are currently two additional vessels in the shipyard, with
        four remaining vessels planned to enter the shipyard in the first or second quarter of 2023.</div>
      <div><br>
      </div>
    </div>
  </div>
  <div> <br>
  </div>
  <div><br>
  </div>
  <div><br>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
