<SEC-DOCUMENT>0000950157-23-000438.txt : 20230504
<SEC-HEADER>0000950157-23-000438.hdr.sgml : 20230504
<ACCEPTANCE-DATETIME>20230504170814
ACCESSION NUMBER:		0000950157-23-000438
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230504
FILED AS OF DATE:		20230504
DATE AS OF CHANGE:		20230504

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:		23889896

	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 PRIVATE ISSUER
<TEXT>
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    <div style="text-align: center; color: #000000; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">Form 6-K</div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">Report of Foreign Private Issuer</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 under</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">the Securities Exchange Act of 1934</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">For the month of May 2023</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Commission File Number 001-32640</div>
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    <div style="text-align: center; color: #000000; font-size: 24pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
    <div style="text-align: center;">(Exact name of Registrant as specified in its charter)</div>
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    <div style="text-align: center;">Clarendon House</div>
    <div style="text-align: center;">2 Church Street, Hamilton HM 11</div>
    <div style="text-align: center;">Bermuda</div>
    <div style="text-align: center;">(Address of principal executive offices)</div>
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    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
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    <div style="text-align: center;">Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9745;</font> Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
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    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____</div>
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    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____</div>
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    <div style="color: #000000;"><u>Press Releases</u></div>
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    <div>The press release issued by DHT Holdings, Inc. (the <font style="color: #000000;">&#8220;</font>Company<font style="color: #000000;">&#8221;</font>) on May 3, 2023 related to its results for the first quarter of 2023 is attached hereto as Exhibit 99.1 and is
      incorporated herein by reference.</div>
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    <div style="color: #000000;"><u>Incorporation by Reference</u></div>
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    <div>Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into the Company<font style="color: #000000;">&#8217;</font>s registration statements on Form F-3 (file Nos. 333-239430 and 333-270800), initially filed with the Securities and
      Exchange Commission on June 25, 2020, and March 23, 2023, respectively, as amended, to the extent not superseded by information subsequently filed or furnished (to the extent the Company expressly states that it incorporates such furnished
      information by reference) by the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.</div>
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    <div style="color: #000000; font-weight: bold;">EXHIBIT LIST</div>
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            <div style="color: #000000; font-weight: bold;">Exhibit</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 88%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-weight: bold;">Description</div>
          </td>
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          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 88%; vertical-align: top;">&#160;</td>
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          <td style="width: 10%; vertical-align: top;">
            <div><a href="ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 88%; vertical-align: top;">
            <div><a href="ex99-1.htm">Press Release dated May 3, 2023</a></div>
          </td>
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    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
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    <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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            <td valign="top" rowspan="1" style="width: 3%; padding-bottom: 2px;">&#160;</td>
            <td valign="top" colspan="2" rowspan="1" style="border-bottom: 2px solid rgb(0, 0, 0);">DHT Holdings, Inc.</td>
            <td valign="top" rowspan="1" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" rowspan="1" style="width: 50%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2" rowspan="1">
              <div style="text-align: left;">(Registrant)</div>
            </td>
            <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">Date: May 4, 2023</div>
            </td>
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              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td valign="top" nowrap="nowrap" align="left" colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0);">/s/ Laila C. Halvorsen </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
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            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 4%;">Name:</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 31%;">Laila C. Halvorsen</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 4%;">Title:</td>
            <td valign="top" style="width: 31%;">Chief Financial Officer</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
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  <div> <img src="dht_logo.jpg"> </div>
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    <div style="text-align: center; text-indent: 8.5pt; margin-left: 8.5pt; font-family: Arial; font-size: 14pt; font-weight: bold;">DHT Holdings, Inc. First Quarter 2023 Results</div>
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    <div style="margin-right: 24.6pt; font-family: Arial;">HAMILTON, BERMUDA, May 3, 2023 &#8211; DHT Holdings, Inc. (NYSE: DHT) (&#8220;DHT&#8221; or the &#8220;Company&#8221;) today announced:</div>
    <div><br>
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    <div style="font-family: Arial; font-weight: bold;">FINANCIAL HIGHLIGHTS:</div>
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    <table cellspacing="0" cellpadding="1" border="0" id="z1ab143cd3bfc418b9ee1eca2ad077058" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="color: #000000; font-family: Arial; font-weight: bold;">USD mill. (except per share)</div>
          </td>
          <td style="width: 10.37%; vertical-align: middle; background-color: #D9D9D9; border-right: #359B8A 2px solid; border-top: #359B8A 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q1 2023</div>
          </td>
          <td style="width: 10.37%; vertical-align: middle; background-color: #D9D9D9; border-left: #359B8A 2px solid; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q4 2022</div>
          </td>
          <td style="width: 10.25%; 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: #000000; font-family: Arial; font-weight: bold;">Q3 2022</div>
          </td>
          <td style="width: 10.25%; 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: #000000; font-family: Arial; font-weight: bold;">Q2 2022</div>
          </td>
          <td style="width: 10.25%; 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: #000000; font-family: Arial; font-weight: bold;">Q1 2022</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial; font-weight: bold;">2022</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; 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: #000000; font-family: Arial; font-weight: bold;">2021</div>
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            <div style="color: #000000; font-family: Arial;">Shipping revenues</div>
          </td>
          <td style="width: 10.37%; vertical-align: middle; border-right: #359B8A 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">131.5</div>
          </td>
          <td style="width: 10.37%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">166.5</div>
          </td>
          <td style="width: 10.25%; vertical-align: middle; border-left: #808080 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">&#160;108.2</div>
          </td>
          <td style="width: 10.25%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">99.2</div>
          </td>
          <td style="width: 10.25%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">76.4</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">450.4</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">295.9</div>
          </td>
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            <div style="color: #000000; font-family: Arial;">Adjusted net revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">93.9</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">116.7</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;55.3</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">54.1</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">38.7</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">264.9</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">203.4</div>
          </td>
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            <div style="color: #000000; font-family: Arial;">Adjusted EBITDA<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">71.9</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">95.4</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;35.6</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">32.5</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">14.4</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">177.9</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">113.7</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 31%; 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: #000000; font-family: Arial;">Profit/(loss) after tax</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">38.0</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">61.8</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;7.5</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">10.0</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">(17.3)</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">62.0</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">(11.5)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 31%; 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: #000000; font-family: Arial;">EPS &#8211; basic</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">0.23</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">0.38</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;0.04</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">0.06</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">(0.10)</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">0.37</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">(0.07)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 31%; 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: #000000; font-family: Arial;">EPS &#8211; diluted<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">0.23</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">0.38</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;0.04</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">0.06</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">(0.10)</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">0.37</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">(0.07)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 31%; 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: #000000; font-family: Arial;">Dividend<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">0.23</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">0.38</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;0.04</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">0.04</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">0.02</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">0.48</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">0.10</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 31%; 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: #000000; font-family: Arial;">Interest bearing debt</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">395.7</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">396.7</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">418.9</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">482.2</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">521.0</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">396.7</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">522.3</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 31%; 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: #000000; font-family: Arial;">Cash and cash equivalents</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">117.5</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">125.9</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;65.7</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">105.8</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">58.6</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">125.9</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">60.7</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 31%; 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: #000000; font-family: Arial;">Net debt</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-right: #359B8A 2px solid; border-bottom: #359B8A 2px solid;">
            <div style="text-align: right; font-family: Arial; font-weight: bold;">278.2</div>
          </td>
          <td style="width: 10.37%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-family: Arial;">270.7</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #808080 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">&#160;353.2</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">376.4</div>
          </td>
          <td style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right; font-family: Arial;">462.4</div>
          </td>
          <td style="width: 9%; 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: #000000; font-family: Arial;">270.7</div>
          </td>
          <td nowrap="nowrap" style="width: 10.25%; vertical-align: bottom; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">461.6</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="color: #000000; font-family: Arial; font-weight: bold;">QUARTERLY HIGHLIGHTS:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z784cd838bfc24df3b5eec9ef08074fcf" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 0.3pt;"><br>
          </td>
          <td style="width: 17.7pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000; font-family: Arial;">In the first quarter of 2023, the Company achieved average combined time charter equivalent earnings of $49,100 per day, comprised of $35,000 per day for the Company&#8217;s VLCCs on time-charter and
              $54,600 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 $58,500 per day for the first quarter of 2023.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z82d5505964c04be3a557857db427ea25" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 17.85pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: Arial;">Adjusted EBITDA for the <font style="color: #000000;">first quarter of 2023</font> was $71.9 million. Net profit for the quarter was $38.0 million which equates to $0.23 per basic share.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zf4d4d5cd162d497ca3ecb26a6c4f1615" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 0.3pt;"><br>
          </td>
          <td style="width: 17.7pt; vertical-align: top; color: #000000; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000; font-family: Arial;">In January 2023, the Company entered into a $405 million secured credit facility, including a $100 million uncommitted incremental facility, with ING and Nordea acting as joint coordinators and
              bookrunners with ING, Nordea, ABN Amro, Credit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. The new facility bears 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 refinanced the
              outstanding amount on the old ABN Amro credit facility and is 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" id="z22361789df6a4d69ab9b10825ecf114f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 0.3pt;"><br>
          </td>
          <td style="width: 17.7pt; vertical-align: top; color: #000000; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000; font-family: Arial;">In January 2023, the Company terminated seven interest rate swaps that would have matured in the second and third quarter of 2023. The Company received $3.3 million in connection with the
              terminations, which had no P&amp;L effect for the quarter.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zb9106c0e73aa4af08071d42b1bb0a33d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 0.3pt;"><br>
          </td>
          <td style="width: 17.7pt; vertical-align: top; color: #000000; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000; font-family: Arial;">In February 2023, the Company entered into a three-year time charter contract, including profit sharing, for DHT Puma. The fixed time charter period has a base rate of $33,500 per day. The
              profit-sharing structure is calculated based on indexes. All earnings up to $40,000 will go to DHT, with earnings in excess to be shared equally between the customer and DHT. The customer has the option to extend for one year with an increase
              in hire.</div>
          </td>
        </tr>

    </table>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">1</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc2c384c288f74e678cc90d3dfff56b28" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 0.15pt;"><br>
          </td>
          <td style="width: 17.85pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: Arial;">For the first quarter of 2023, the Company declared a cash dividend of $0.23 per share of outstanding common stock, payable on May 25, 2023, to shareholders of record as of May 18, 2023. This marks the 53<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup>
              consecutive quarterly cash dividend. The shares will trade ex-dividend from May 17, 2023.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;">OPERATIONAL HIGHLIGHTS:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="1" border="0" id="zef2d154827954427a0341dc93bb58bcf" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(53, 155, 138) rgb(0, 0, 0) rgb(127, 127, 127);">&#160;</td>
          <td style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(53, 155, 138); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q1 2023</div>
          </td>
          <td style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(128, 128, 128) rgb(128, 128, 128) rgb(0, 0, 0) rgb(53, 155, 138);">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q4 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: #000000; font-family: Arial; font-weight: bold;">Q3 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: #000000; font-family: Arial; font-weight: bold;">Q2 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: #000000; font-family: Arial; font-weight: bold;">Q1 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: #000000; font-family: Arial; 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: #000000; font-family: Arial; 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: #000000; font-family: Arial;">Operating days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">2,070.0</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-family: Arial;">2,116.0</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">2,184.3</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: #000000; font-family: Arial;">2,288.8</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: #000000; font-family: Arial;">2,340.0</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">9,776.5</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: #000000; font-family: Arial;">Scheduled off hire days</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">111.8</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: #000000; font-family: Arial;">63.5</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: #000000; font-family: Arial;">-</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: #000000; font-family: Arial;">22.5</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: #000000; font-family: Arial;">64.3</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">514.7</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: #000000; font-family: Arial;">Unscheduled off hire<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup></div>
          </td>
          <td style="width: 10%; vertical-align: middle;">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">2.2%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: #000000; font-family: Arial;">0.1%</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">0.0%</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">0.6%</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">0.1%</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: #000000; font-family: Arial;">Revenue days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup></div>
          </td>
          <td style="width: 10%; vertical-align: middle;">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,912.8</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: #000000; font-family: Arial;">2,051.5</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: #000000; font-family: Arial;">2,181.5</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: #000000; font-family: Arial;">2,227.2</div>
          </td>
          <td nowrap="nowrap" style="width: 10.24%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">2,261.5</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">9,157.3</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: #000000; font-family: Arial;">Spot exposure<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup></div>
          </td>
          <td style="width: 10%; vertical-align: middle;">
            <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">72.9%</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: #000000; font-family: Arial;">74.7%</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: #000000; font-family: Arial;">74.5%</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: #000000; font-family: Arial;">76.1%</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: #000000; font-family: Arial;">76.3%</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">54.7 %</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: #000000; font-family: Arial;">VLCC time charter rate per day</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; text-align: right;">
            <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 35,000</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: #000000; font-family: Arial;">$36,100</div>
          </td>
          <td style="width: 10.23%; vertical-align: middle; border-left: #808080 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right;"><font style="font-family: Arial; color: #000000;">$</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial; color: #000000;">35,300</font></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; color: #000000; font-family: Arial;">$33,800</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; font-family: Arial;">$33,200</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-family: Arial;">$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; font-family: Arial;">$32,600</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138); border-bottom: 2px solid rgb(127, 127, 127);">
            <div style="color: #000000; font-family: Arial;">VLCC spot rate per day</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(53, 155, 138); text-align: right;">
            <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 54,600</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: #000000; font-family: Arial;">$63,800</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: #000000; font-family: Arial;">$22,000</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; color: #000000; font-family: Arial;">$21,200</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; font-family: Arial;">$11,900</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; font-family: Arial;">$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; font-family: Arial;">$13,200</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-size: 8pt;"><sup style="font-style: italic; vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup><font style="font-size: 10pt; font-style: italic;">&#160;</font><font style="font-style: italic;">One vessel encountered bad
        weather damage, accounting for the predominant part of the unscheduled off hire.</font></div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;">During the first quarter the market was healthy, demonstrated by the swift but steady recovery after the fall in freight rates early in the quarter. China has increased imports
      of crude oil in response to increasing refinery runs to support rising economic activity due to the opening up of its society with increased mobility. Into the second quarter, Asian refining margins have come off but are still profitable. The
      macro-economic challenges have not abated with a recession in some shape or form being a possibility. The leading agencies forecast growing oil demand, in particular from the second half of the year. OPEC+, however, surprised the market with
      announced production cuts from May. How the cuts will be implemented and how it will impact trade flows is yet to be seen in detail, but it could be a temporary dent in an otherwise constructive market for our business.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;">The VLCC orderbook is close to non-existent with only 11 ships left to deliver within this year. With no new ordering of VLCCs taking place, this bodes well for a positive
      supply/demand dynamic as VLCCs are the true workhorse of the crude oil trade, transporting close to 50% of seaborne crude oil. Reflecting on the fleet growth over the recent years, adjusted for the expected overall fleet productivity loss resulting
      from hard and soft sanctions in the oil trade, expanded transportation distances and upcoming regulations for ships to curb emissions, one could argue that the fleet is of a size to profitably service the industry in the foreseeable future.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;">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; font-family: Arial;">As of March 31, 2023, 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><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-weight: bold;">SUBSEQUENT EVENT HIGHLIGHTS:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z3433ffec2ef94f798aa433f53f1a16c1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; color: #000000; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: Arial;"><font style="color: rgb(0, 0, 0);">So far in the second quarter of 2023, the Company has completed the installation of an </font>exhaust gas cleaning system <font style="color: rgb(0, 0, 0);">for one vessel</font>. The last two vessels of the retrofit project are expected to be completed during the remainder of 2023. Following this, the Company will have all of its vessels fitted with exhaust gas cleaning systems.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-weight: bold;">OUTLOOK:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="1" border="0" id="zbde83d57605e443bb29655f1bddaa86d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <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;">&#160;</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-family: Arial; font-weight: bold;">Estimated<br>
              Q2 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: #000000; font-family: Arial;">Total term 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: #000000; font-family: Arial;">&#160;620</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: #000000; font-family: Arial;">Average term time charter rate ($/day)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
          </td>
          <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">$ 34,800</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">Average spot rate booked to date ($/day)</div>
          </td>
          <td nowrap="nowrap" style="width: 23.21%; vertical-align: bottom; border-left: #A6A6A6 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right; color: #000000; font-family: Arial;">&#160;$ 70,300</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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">$ 24,900</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-size: 8pt;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup> The month of April includes a profit-sharing. The months of May and June assumes only the base rate.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zdb2e6ede8af04190ad7b2bdc6dcff647" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: -0.3pt;"><br>
          </td>
          <td style="width: 17.85pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: Arial;">Thus far in the second quarter of 2023, 65% of the available VLCC spot days have been booked at an average rate of $70,300 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 $55,800 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><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 4.25pt; font-family: Arial; font-size: 8pt;"><u>Footnotes:</u></div>
    <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Shipping revenues net of voyage expenses.</div>
    <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Shipping revenues net of voyage expenses, other revenues, vessel operating expenses and general and administrative expenses.</div>
    <div style="color: #000000; font-family: Arial; font-size: 8pt; 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: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>Per common share.</div>
    <div style="color: #000000; font-family: Arial; font-size: 8pt; 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-family: Arial; font-size: 8pt; font-style: italic; text-align: justify;"><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: #000000; font-family: Arial; font-size: 8pt; 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 class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: Arial; font-weight: bold;"><u>FIRST QUARTER 2023 FINANCIALS</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial;"><font style="color: rgb(0, 0, 0);">The Company reported shipping revenues for the first quarter of 2023 of $131.5 million compared to shipping revenues of $76.4 million in the first quarter of 2022.</font>&#160;<font style="color: rgb(0, 0, 0);">The increase from the 2022 period to the 2023 period includes $66.9 million attributable to higher tanker rates partially offset by $11.8 million attributable to a decrease in total revenue days.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">Other revenues for the first quarter of 2023 were $1.1 million and mainly relate to technical management services provided.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">Voyage expenses for the first quarter of 2023 were $37.6 million, compared to voyage expenses of $37.7 million in the first quarter of 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">Vessel operating expenses for the first quarter of 2023 were $18.4 million compared to $18.3 million in the first quarter of 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">Depreciation and amortization, including depreciation of capitalized survey expenses, was $25.7 million for the first quarter of 2023, compared to $33.0 million in the first quarter
      of 2022. The change was mainly due to decreased depreciation of exhaust gas cleaning systems of $4.9 million and decreased depreciation of $2.8 million related to drydockings and fewer vessels.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;">General and administrative (&#8220;G&amp;A&#8221;) expense for the first quarter of 2023 was $4.6 million, consisting of $3.7 million cash and $0.9 million non-cash charge, compared to $6.1
      million in the first quarter of 2022, consisting of $4.1 million cash and $2.0 million non-cash charge. Non-cash G&amp;A includes accrual for social security tax.</div>
    <div><br>
    </div>
    <div style="font-family: Arial; text-align: justify;"><font style="color: rgb(0, 0, 0);">Net financial expenses for the first quarter of 2023 were $8.0 million compared to net financial income of $1.5 million in the first quarter of 2022. The increase
        was mainly due to</font> a <font style="color: rgb(0, 0, 0);">non-cash gain of </font>$7.9 million&#160;related to interest rate derivatives in the first quarter of 2022 compared to a non-cash loss of $0.4 million in the first quarter of 2023 and
      increased interest expense of $1.4 million due to increased interest rates.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">As a result of the foregoing, the Company had a net profit in the first quarter of 2023 of $38.0 million, or income of $0.23 per basic share and $0.23 per diluted share, compared to
      a net loss in the first quarter of 2022 of $17.3 million, or a loss of $0.10 per basic share and $0.10 per diluted share. The increase from the 2022 period to the 2023 period was mainly due to higher tanker rates.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">Net cash provided by operating activities for the first quarter of 2023 was $66.5 million compared to $5.7 million for the first quarter of 2022. The increase was due to a profit of
      $38.0 million in the first quarter of 2023 compared to a loss of $17.3 million in the first quarter of 2022, and a $5.8 million change in operating assets and liabilities, partially offset by a $0.3 million decrease in non-cash items included in net
      income.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;">Net cash used in investing activities was $14.9 million in the first quarter of 2023 and was related to investment in vessels. Net cash used in investing activities was $2.3
      million in the first quarter of 2022 and was related to investment in vessels.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">Net cash used in financing activities for the first quarter of 2023 was $60.1 million comprised of $216.8 million related to repayment of long-term debt in connection with
      refinancing, $61.9 million related to cash dividend paid and $0.6 million related to scheduled repayment of long-term debt, partially offset by $216.4 million related to issuance of long-term debt and $3.3 million related to proceeds from sale of
      derivatives. Net cash used in financing activities for the first quarter of 2022 was $5.4 million comprised of $3.3 million related to cash dividend paid, and $1.9 million related to scheduled repayment of long-term debt.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial;"><font style="color: rgb(0, 0, 0);">As of March 31, 2023, the cash balance </font>was $117.5 million, compared to <font style="color: rgb(0, 0, 0);">$125.9 million as of December 31, 2022.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">The Company monitors its covenant compliance on an ongoing basis. As of March 31, 2023, the Company was in compliance with its financial covenants.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial;">As of March 31, 2023, the Company had 162,986,561 shares of common stock outstanding compared to 162,653,339 shares as of December 31, 2022<font style="color: rgb(0, 0, 0);">.</font></div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial;"><font style="color: rgb(0, 0, 0);">The Company declared a cash dividend of $0.23 per common share for the first quarter of 2023 </font>payable on May 25, 2023, for shareholders of record as of May
      18, 2023.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: Arial; font-weight: bold;"><u>RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</u></div>
    <div style="text-align: justify; font-family: Arial;">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 style="text-align: justify;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z172d6e0b99274c95939a0e47cab32863">

          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(0, 0, 128); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt;">USD in thousands except time charter equivalent per day</div>
            </td>
            <td style="background-color: #000080; border-left: 2px solid #339966; border-right: 2px solid #339966; border-top: 2px solid #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="width: 8%; vertical-align: top; background-color: rgb(0, 0, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q4 2022</div>
            </td>
            <td style="width: 8%; vertical-align: top; background-color: rgb(0, 0, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q3 2022</div>
            </td>
            <td style="width: 8%; vertical-align: top; background-color: rgb(0, 0, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q2 2022</div>
            </td>
            <td style="width: 8%; vertical-align: top; background-color: rgb(0, 0, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2022</div>
            </td>
            <td style="width: 8%; vertical-align: top; background-color: rgb(0, 0, 128); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">2022</div>
            </td>
            <td style="width: 8%; vertical-align: top; background-color: rgb(0, 0, 128); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">2021</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Reconciliation of adjusted net revenue</div>
            </td>
            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">&#160;</td>
            <td style="border-left: 2px solid #339966; vertical-align: top; width: 8%;">&#160;</td>
            <td style="width: 8%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Shipping revenues</div>
            </td>
            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;131,468</div>
            </td>
            <td style="border-left: 2px solid #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;166,522</div>
            </td>
            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;108,227</div>
            </td>
            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;99,233</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;76,400</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;450,381</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;295,853</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #C0C0C0; border-left: 2px solid #808080; border-right: 2px #339966; vertical-align: top; width: 44%;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Voyage expenses</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-right: 2px #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;(37,569)</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;(49,781)</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;(52,882)</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;(45,180)</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;(37,659)</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;(185,502)</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;(92,405)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Adjusted net revenues</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-right: 4px; border-top: 2px solid #808080; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;93,899</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-top: 2px solid #808080; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;116,741</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;55,345</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;54,053</div>
            </td>
            <td style="width: 8%; vertical-align: top; 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;38,741</div>
            </td>
            <td style="width: 8%; vertical-align: top; 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="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;264,880</div>
            </td>
            <td style="width: 8%; vertical-align: top; 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;203,448</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">&#160;</td>
            <td style="border-left: 2px solid #339966; border-top: 2px solid; vertical-align: top; width: 8%;">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
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            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;246</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;141</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;90</div>
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            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;366</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;556</div>
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              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Fair value (gain)/loss on derivative financial liabilities</div>
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            <td style="width: 8%; vertical-align: top;">
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            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;(14,983)</div>
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            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
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              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest expense</div>
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            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,586</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,462</div>
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            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,938</div>
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            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,633</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;25,727</div>
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            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest income</div>
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            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">
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            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(110)</div>
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              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Share of profit from associated companies</div>
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            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
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            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
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            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
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          <tr>
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              <div style="color: #000000; font-family: Arial; font-size: 8pt;">(Gain)/loss, sale of vessel</div>
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            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
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            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(6,829)</div>
            </td>
            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;(12,683)</div>
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            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
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            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;(19,513)</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;(15,153)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Depreciation and amortization</div>
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            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;25,726</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;27,692</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;30,198</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;32,318</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;33,047</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;123,255</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;128,639</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Adjusted EBITDA</div>
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            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-right: 4px; border-top: 2px solid #808080; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;71,946</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-top: 2px solid #808080; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;95,414</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;35,610</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;32,522</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;14,400</div>
            </td>
            <td style="width: 8%; vertical-align: top; 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="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;177,946</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;113,688</div>
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            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="border-left: 2px solid #339966; border-right: 4px; border-top: 2px solid #808080; vertical-align: top; width: 8%;">&#160;</td>
            <td style="border-left: 2px solid #339966; border-top: 2px solid #808080; vertical-align: top; width: 8%;">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">&#160;</td>
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          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Reconciliation of adjusted spot time charter equivalent per day*</div>
            </td>
            <td style="border-left: 2px solid #339966; vertical-align: top; width: 8%;">&#160;</td>
            <td style="border-left: 2px solid #339966; vertical-align: top; width: 8%;">&#160;</td>
            <td style="width: 8%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #C0C0C0; border-left: 2px solid #808080; border-right: 2px #339966; vertical-align: top; width: 44%;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Spot time charter equivalent per day</div>
            </td>
            <td style="border-left: 2px solid #339966; border-right: 4px; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;54,600</div>
            </td>
            <td style="border-left: 2px solid #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;63,800</div>
            </td>
            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;22,000</div>
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            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;21,200</div>
            </td>
            <td style="width: 8%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;11,900</div>
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            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;29,000</div>
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            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;13,200</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">IFRS 15 impact on spot time charter equivalent per day**</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,900</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;100</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5,100</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(3,200)</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,800</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,200</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;500</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top; background-color: rgb(192, 192, 192); 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Adjusted spot time charter equivalent per day</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-top: 2px solid #808080; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;58,500</div>
            </td>
            <td style="border-bottom: 2px solid #808080; border-left: 2px solid #339966; border-top: 2px solid #808080; vertical-align: top; width: 8%;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;63,900</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;27,100</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;18,000</div>
            </td>
            <td style="width: 8%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;14,700</div>
            </td>
            <td style="width: 8%; vertical-align: top; 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="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;30,200</div>
            </td>
            <td style="width: 8%; vertical-align: top; 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;13,700</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-style: italic; text-align: justify;">*<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-family: Arial; font-size: 8pt; font-style: italic; text-align: justify;">** For vessels operating on spot charters, voyage revenues are calculated on a discharge-to-discharge basis. Under IFRS 15, spot charter
      voyage revenues are calculated on a load-to-discharge basis. IFRS 15 impact refers to the timing difference between discharge-to-discharge and load-to-discharge basis.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: Arial; font-weight: bold;">EARNINGS CONFERENCE CALL AND WEBCAST INFORMATION</div>
    <div style="font-family: Arial; text-align: justify;"><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. ET/14:00 CET
        on Thursday, May 4, 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 style="font-family: Arial; text-align: justify;">To access the conference call the participants are required to register using this link:</div>
    <div style="color: #0000FF; font-family: Arial;"><u>https://register.vevent.com/register/BIada2f20d401c4<font style="color: rgb(0, 0, 255);">ee09aae399</font>08c1826fc</u></div>
    <div><br>
    </div>
    <div style="font-family: Arial; text-align: justify;">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 style="font-family: Arial; text-align: justify;">The webcast, which will include a slide presentation, will be available on the following link:</div>
    <div><font style="font-family: Arial;"><font style="color: rgb(0, 0, 255);"><u>https://edge.media-server.com/mmc/p/ecyhid7v</u></font>&#160;and can also be accessed in the Investor Relations section of DHT's website at <font style="color: rgb(0, 0, 255);"><u>http://www.dhtankers.com</u></font><font style="color: #000000;">.</font><br>
      </font><br>
    </div>
    <div style="text-align: justify; font-family: Arial;"><font style="color: rgb(0, 0, 0);">A recording of the audio and slides presented will be available until May 11, 2023, at 19:00 CET. The recording can be accessed through the following link: </font>https://edge.media-server.com/mmc/p/ecyhid7v</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-weight: bold;">ABOUT DHT HOLDINGS, INC.</div>
    <div style="text-align: justify; font-family: Arial;"><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>http://www.dhtankers.com<font style="color: rgb(0, 0, 0);">.</font></div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;">FORWARD LOOKING STATEMENTS</div>
    <div style="text-align: justify; font-family: Arial;">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 23, 2023.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial;">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: #000000; font-family: Arial;"><font style="font-weight: bold;">CONTACT</font>:</div>
    <div style="color: #000000; font-family: Arial;">Laila C. Halvorsen, CFO</div>
    <div style="color: #000000; font-family: Arial;">Phone: +1 441 295 1422 and +47 984 39 935</div>
    <div style="font-family: Arial;"><font style="color: #000000;">E-mail: </font><u><font style="color: #0000FF;"></font><font style="color: rgb(0, 0, 255);">lch@dhtankers.com</font></u></div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
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    </div>
    <div><br>
    </div>
    <div style="font-size: 18pt; font-weight: bold; text-align: center; font-family: Arial;">DHT HOLDINGS, INC.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;">UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;">AS OF MARCH 31, 2023</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
      <div><br>
      </div>
      <br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</u></div>
    <div style="text-align: center; font-family: Arial;">($ in thousands)</div>
    <div><br>
    </div>
    <div style="text-align: center;">
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za65e3e7e73fa4f0d82cad1713c54bea8">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 42.73%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 6.82%;">
              <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: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 4.31%; color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="2" style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 24.06%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">March 31, 2023 (Unaudited)</div>
            </td>
            <td style="background-color: #244062; border-right: 2px; border-top: 2px solid #808080; vertical-align: top; width: 22.08%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">December 31, 2022 (Audited)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: rgb(51, 153, 102); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); color: rgb(255, 255, 255);">
              <div style="font-family: Arial; font-size: 8pt; font-weight: bold;">ASSETS</div>
            </td>
            <td style="width: 6.82%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; background-color: #339966; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Current assets</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash and cash equivalents</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;117,549</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;125,948</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            <td style="width: 6.82%; vertical-align: top;">
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            <td style="width: 19.75%; vertical-align: top;">
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
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          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;3,487</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;9,440</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;10,550</div>
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          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            </td>
            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
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            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;27,658</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;33,069</div>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
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            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;213,214</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;235,589</div>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Non-current assets</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            </td>
            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,254,056</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,261,998</div>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Advances for vessel upgrades</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;4,594</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;4,317</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;4,949</div>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Goodwill</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,356</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,356</div>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total non-current assets</div>
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            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
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            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,264,322</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;1,272,885</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">TOTAL ASSETS</div>
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            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,477,536</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;1,508,474</div>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #339966; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">LIABILITIES AND EQUITY</div>
            </td>
            <td style="width: 6.82%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top; background-color: #339966; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; background-color: #339966; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Current liabilities</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Accounts payable and accrued expenses</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;22,020</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;29,398</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Current portion long-term debt</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;33,109</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;29,626</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other current liabilities</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,022</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,178</div>
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          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">8</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;5,092</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;4,172</div>
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          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total current liabilities</div>
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            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;61,243</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;64,374</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Non-current liabilities</div>
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            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Long-term debt</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;362,616</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;367,069</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other non-current liabilities</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;3,124</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;3,545</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total non-current liabilities</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;365,740</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;370,614</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">TOTAL LIABILITIES</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;426,982</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;434,988</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Equity</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Common stock at par value</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,630</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,627</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Additional paid-in capital</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,245,698</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,243,754</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Accumulated deficit</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(204,422)</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(180,664)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Translation differences</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;173</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;138</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other reserves</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;2,567</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;3,623</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Total equity attributable to the Company</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,045,647</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,068,478</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Non-controlling interest</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;4,907</div>
            </td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;5,008</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total equity</div>
            </td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,050,554</div>
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            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;1,073,486</div>
            </td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 19.75%; vertical-align: top;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 42.73%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">TOTAL LIABILITIES AND EQUITY</div>
            </td>
            <td style="width: 6.82%; vertical-align: top; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 4.31%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
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            <td style="width: 19.75%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,477,536</div>
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            <td style="width: 4.31%; vertical-align: top; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 22.08%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,508,474</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;"><u>CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)</u></div>
    <div style="text-align: center; font-family: Arial;">($ in thousands, except shares and per share amounts)</div>
    <div><br>
    </div>
    <div style="text-align: center;">
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze763dd2c974e456eb241ece4b1235500">

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            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 55.95%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 2.83%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.96%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 19.71%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="background-color: #244062; border-right: 2px; border-top: 2px solid #808080; vertical-align: top; width: 19.55%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2022</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px none; vertical-align: top; width: 55.95%; color: rgb(255, 255, 255);">&#160;</td>
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              <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: 2px solid #808080; vertical-align: top; width: 19.71%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Mar. 31, 2023</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 2px; vertical-align: top; width: 19.55%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Mar. 31, 2022</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Shipping revenues</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;131,468</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;76,400</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other revenues</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,100</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #646464 2px solid; border-bottom: #646464 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total revenues</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">3</div>
            </td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-top: #646464 2px solid; border-bottom: #646464 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;132,568</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-top: #646464 2px solid; border-bottom: #646464 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;76,400</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Operating expenses</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Voyage expenses</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(37,569)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(37,659)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Vessel operating expenses</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(18,417)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(18,263)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Depreciation and amortization</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
            </td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(25,726)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(33,047)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">General and administrative expenses</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(4,637)</div>
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            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(6,078)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total operating expenses</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(86,348)</div>
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            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(95,047)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Operating (loss)/ income</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;46,220</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(18,647)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Share of profit from associated companies</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;349</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest income</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;398</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest expense</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(7,586)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(6,164)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;(433)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;7,855</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;(366)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(556)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Profit/(loss) before tax</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;38,232</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(17,163)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Income tax expense</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;(191)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;(90)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Profit/(loss) after tax</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;38,041</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(17,252)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to owners of non-controlling interest</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;(136)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to the owners of parent</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;38,177</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(17,256)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Attributable to the owners of parent</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Basic earnings/(loss) per share</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;0.23</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(0.10)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Diluted earnings/(loss) per share</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;0.23</div>
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            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(0.10)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Weighted average number of shares (basic)</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;162,967,375</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;166,546,014</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Weighted average number of shares (diluted)</div>
            </td>
            <td style="width: 2.83%; vertical-align: top; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;163,249,977</div>
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            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;166,546,014</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)</u></div>
    <div style="text-align: center; font-family: Arial;">($ in thousands)</div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center;">
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z22296b714df941c8b38d1740a6ee1202">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 55.95%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 2.83%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.96%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 19.71%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="background-color: #244062; border-right: 2px; border-top: 2px solid #808080; vertical-align: top; width: 19.55%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2022</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px none; vertical-align: top; width: 55.95%; color: rgb(255, 255, 255);">&#160;</td>
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              <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: 2px solid #808080; vertical-align: top; width: 19.71%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Mar. 31, 2023</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 2px; vertical-align: top; width: 19.55%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Mar. 31, 2022</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Profit/(loss) after tax</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;38,041</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(17,252)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Other comprehensive income/(loss):</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">Items that may be reclassified subsequently to income statement:</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Exchange gain/(loss) on translation of foreign currency</div>
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            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">denominated associate and subsidiary</div>
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            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;&#160;&#160;&#160;71</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;(15)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
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            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;&#160;&#160;&#160;71</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;&#160;(15)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Other comprehensive income/(loss)</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;&#160;&#160;&#160;&#160;&#160;&#160;71</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;&#160;&#160;&#160;(15)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total comprehensive income/(loss) for the period</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;38,112</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(17,268)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">&#160;</td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">&#160;</td>
            <td style="width: 19.71%; vertical-align: top;">&#160;</td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to owners of non-controlling interest</div>
            </td>
            <td style="width: 2.83%; vertical-align: top;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(101)</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55.95%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to the owners of parent</div>
            </td>
            <td style="width: 2.83%; vertical-align: top; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.96%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
            </td>
            <td style="width: 19.71%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;38,213</div>
            </td>
            <td style="width: 19.55%; vertical-align: top; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(17,271)</div>
            </td>
          </tr>

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    <div style="text-align: center; font-family: Arial; font-size: 8pt; font-style: italic;"> <br>
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    <div style="text-align: center; font-family: Arial; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
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    <div><br>
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    <div><br>
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    <div style="text-align: center; font-family: Arial; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED</u>)</div>
    <div style="text-align: center; font-family: Arial;">($ in thousands)</div>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: 9.95pt;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zf5eba73c20c2457f97eef1f0523f793b">

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            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 55%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 4%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 3%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 19%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-right: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 19%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2022</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; vertical-align: top; width: 55%; color: rgb(255, 255, 255);">&#160;</td>
            <td colspan="2" style="background-color: rgb(36, 64, 98); vertical-align: top;">
              <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: rgb(36, 64, 98); vertical-align: top; width: 19%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Mar. 31, 2023</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-right: 2px none; vertical-align: top; width: 19%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Mar. 31, 2022</div>
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          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(51, 153, 102); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128); color: rgb(255, 255, 255);">
              <div style="font-family: Arial; font-size: 8pt; font-weight: bold;">CASH FLOW FROM OPERATING ACTIVITIES</div>
            </td>
            <td style="width: 4%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 19%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 19%; vertical-align: top; background-color: rgb(51, 153, 102); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Profit/(loss) after tax</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
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            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;38,041</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(17,252)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Items included in net income not affecting cash flows</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;27,204</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;27,518</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Depreciation and amortization</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;25,726</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;33,047</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Amortization of deferred debt issuance cost</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;836</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;621</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;(Gain) / loss, disposal of property, plant and equipment</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;&#160;&#160;9</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Fair value (gain)/loss on derivative financial instruments</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
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            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
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          <tr>
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            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;&#160;&#160;2</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;-</div>
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          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
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            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(693)</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;-</div>
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          <tr>
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            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;&#160;-</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(349)</div>
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          <tr>
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            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
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          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Changes in operating assets and liabilities</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;1,210</div>
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              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(4,547)</div>
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          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Accounts receivable and accrued revenues</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;4,454</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;6,982</div>
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          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Capitalized voyage expenses</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(688)</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(369)</div>
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          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Prepaid expenses</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;1,109</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(4,463)</div>
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          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Accounts payable and accrued expenses</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(9,932)</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(5,664)</div>
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          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Deferred shipping revenues</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;920</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;1,276</div>
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          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Bunker inventory</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;5,411</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(2,364)</div>
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          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Pension liability</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(65)</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;55</div>
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          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Net cash provided by operating activities</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;66,455</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
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          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(51, 153, 102); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">CASH FLOW FROM INVESTING ACTIVITIES</div>
            </td>
            <td style="width: 4%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 19%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 19%; vertical-align: top; background-color: rgb(51, 153, 102); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Investment in vessels</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(14,829)</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(2,341)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(35)</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(2)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Net cash used in investing activities</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(14,864)</div>
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            <td style="width: 19%; vertical-align: top; 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: #000000; font-family: Arial; font-size: 8pt; 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;(2,344)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(51, 153, 102); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">CASH FLOW FROM FINANCING ACTIVITIES</div>
            </td>
            <td style="width: 4%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 19%; vertical-align: top; background-color: rgb(51, 153, 102); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 19%; vertical-align: top; background-color: rgb(51, 153, 102); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash dividends paid</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
            </td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(61,935)</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(3,330)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Repayment principal element of lease liability</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(386)</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(153)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Issuance of long-term debt</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;216,399</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Proceeds from sale of derivatives</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;3,256</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Scheduled repayment of long-term debt</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(625)</div>
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            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(1,926)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Repayment of long-term debt refinancing</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;(216,761)</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Net cash used in financing activities</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;(60,051)</div>
            </td>
            <td style="width: 19%; vertical-align: top; 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: #000000; font-family: Arial; font-size: 8pt; 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;(5,409)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Net (decrease)/increase in cash and cash equivalents</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(8,460)</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(2,034)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Net foreign exchange difference</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#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;61</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash and cash equivalents at beginning of period</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;125,948</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;60,658</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); 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: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Cash and cash equivalents at end of period</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;117,549</div>
            </td>
            <td style="width: 19%; vertical-align: top; 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: #000000; font-family: Arial; font-size: 8pt; 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;58,624</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Specification of items included in operating activities:</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest paid</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 19%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;5,526</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;5,272</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest received</div>
            </td>
            <td style="width: 4%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 3%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">&#160;</td>
            <td style="width: 19%; vertical-align: top; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;694</div>
            </td>
            <td style="width: 19%; vertical-align: top; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;&#160;&#160;1</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;"><u>SUMMARY CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)</u></div>
    <div style="text-align: center; font-family: Arial;">($ in thousands, except shares)</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9a5c0a9e6a104daeab21abbdff7d02c9">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; vertical-align: top; width: 30.07%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 3.35%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 8.41%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 4.72%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.61%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; vertical-align: top; width: 7.04%;">
              <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: rgb(36, 64, 98); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 8.41%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.39%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 6.24%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.73%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 5.53%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; vertical-align: top; width: 6.79%;">
              <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: rgb(36, 64, 98); vertical-align: top; width: 1.84%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-right: 2px none; vertical-align: top; width: 8.41%; color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; vertical-align: top; width: 30.07%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 3.35%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 8.41%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 4.72%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.61%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; vertical-align: top; width: 7.04%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Additional</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; vertical-align: top; width: 8.41%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Accumulated</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.39%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; vertical-align: top; width: 6.24%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Translation</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.73%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; vertical-align: top; width: 5.53%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Other</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; vertical-align: top; width: 6.79%;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Controlling</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); vertical-align: top; width: 1.84%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-right: 2px; vertical-align: top; width: 8.41%;">
              <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: 2px solid rgb(128, 128, 128); border-left: 2px none; vertical-align: top; width: 30.07%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 3.35%;">
              <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Note</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 8.41%;">
              <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: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 4.72%;">
              <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: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.61%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 7.04%;">
              <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: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 8.41%;">
              <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: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.39%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 6.24%;">
              <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: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.73%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 5.53%;">
              <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: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.49%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 6.79%;">
              <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: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 1.84%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 2px; vertical-align: top; width: 8.41%;">
              <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="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at January 1, 2022</div>
            </td>
            <td style="width: 3.35%; vertical-align: top; border-top: #808080 2px solid;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;166,126,770</div>
            </td>
            <td style="width: 1.49%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 4.72%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;1,661</div>
            </td>
            <td style="width: 1.61%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 7.04%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;1,264,000</div>
            </td>
            <td style="width: 1.49%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(222,405)</div>
            </td>
            <td style="width: 1.39%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 6.24%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;101</div>
            </td>
            <td style="width: 1.73%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 5.53%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,968</div>
            </td>
            <td style="width: 1.49%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 6.79%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;34</div>
            </td>
            <td style="width: 1.84%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,047,359</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Profit/(loss) after tax</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(17,256)</div>
            </td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4</div>
            </td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(17,252)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other comprehensive income/(loss)</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(15)</div>
            </td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">&#160;</td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;(15)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Total comprehensive income/(loss)</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(17,256)</div>
            </td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(15)</div>
            </td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4</div>
            </td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(17,268)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash dividends declared and paid</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(3,330)</div>
            </td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">&#160;</td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(3,330)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Compensation related to options and restricted stock</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;672,563</div>
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            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7</div>
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            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,398</div>
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            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;(1,351)</div>
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            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">&#160;</td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,054</div>
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          </tr>
          <tr>
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              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at March 31, 2022</div>
            </td>
            <td style="width: 3.35%; vertical-align: top; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;166,799,333</div>
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            <td style="width: 1.49%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
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            <td style="width: 4.72%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;1,668</div>
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            <td style="width: 1.61%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 7.04%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;1,267,398</div>
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              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(242,991)</div>
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            <td style="width: 1.39%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 6.24%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;86</div>
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            <td style="width: 1.73%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
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            <td style="width: 5.53%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,617</div>
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              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 6.79%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;37</div>
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            <td style="width: 1.84%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,028,815</div>
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          <tr>
            <td style="width: 30.07%; vertical-align: top;">&#160;</td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">&#160;</td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top;">&#160;</td>
            <td style="width: 3.35%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 1.39%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 1.84%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-bottom: #646464 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #969696 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at January 1, 2023</div>
            </td>
            <td style="width: 3.35%; vertical-align: top; border-top: #808080 2px solid;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;162,653,339</div>
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            <td style="width: 1.49%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 4.72%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;1,627</div>
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            <td style="width: 1.61%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 7.04%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;1,243,754</div>
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            <td style="width: 1.49%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(180,664)</div>
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            <td style="width: 1.39%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 6.24%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;138</div>
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            <td style="width: 1.73%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 5.53%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,623</div>
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              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 6.79%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5,008</div>
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            <td style="width: 1.84%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,073,486</div>
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          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Profit/(loss) after tax</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;38,177</div>
            </td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(136)</div>
            </td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;38,041</div>
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          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other comprehensive income/(loss)</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
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            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;35</div>
            </td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;35</div>
            </td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;71</div>
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          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Total comprehensive income/(loss)</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;38,177</div>
            </td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;35</div>
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            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(101)</div>
            </td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;38,112</div>
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          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash dividends declared and paid</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">&#160;</td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(61,935)</div>
            </td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">&#160;</td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">&#160;</td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(61,935)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Compensation related to options and restricted stock</div>
            </td>
            <td style="width: 3.35%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;333,222</div>
            </td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 4.72%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3</div>
            </td>
            <td style="width: 1.61%; vertical-align: top;">&#160;</td>
            <td style="width: 7.04%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,944</div>
            </td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top;">&#160;</td>
            <td style="width: 1.39%; vertical-align: top;">&#160;</td>
            <td style="width: 6.24%; vertical-align: top;">&#160;</td>
            <td style="width: 1.73%; vertical-align: top;">&#160;</td>
            <td style="width: 5.53%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;(1,056)</div>
            </td>
            <td style="width: 1.49%; vertical-align: top;">&#160;</td>
            <td style="width: 6.79%; vertical-align: top;">&#160;</td>
            <td style="width: 1.84%; vertical-align: top;">&#160;</td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;891</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.07%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at March 31, 2023</div>
            </td>
            <td style="width: 3.35%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">6</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;162,986,561</div>
            </td>
            <td style="width: 1.49%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 4.72%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;1,630</div>
            </td>
            <td style="width: 1.61%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 7.04%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;1,245,698</div>
            </td>
            <td style="width: 1.49%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(204,422)</div>
            </td>
            <td style="width: 1.39%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 6.24%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;173</div>
            </td>
            <td style="width: 1.73%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 5.53%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,567</div>
            </td>
            <td style="width: 1.49%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 6.79%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4,907</div>
            </td>
            <td style="width: 1.84%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;$</div>
            </td>
            <td style="width: 8.41%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,050,554</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;"><u>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</u></div>
    <div style="text-align: center; font-family: Arial; font-weight: bold;"><u>FOR THE PERIOD ENDED MARCH 31, 2023</u></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;">Note 1 &#8211; General information</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">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: #000000; font-family: Arial;">The unaudited interim condensed consolidated financial statements were approved by the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) on May 2, 2023, and authorized for issue on May 3,
      2023.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;">Note 2 &#8211; General accounting principles</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">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 2022. 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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">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 2022 audited consolidated financial statements.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">These interim condensed consolidated financial statements have been prepared on a going concern basis.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: Arial; font-style: italic;"><u>Application of new and revised International Financial Reporting Standards (&#8220;IFRSs&#8221;)</u></div>
    <div style="text-align: justify; font-family: Arial;">New and amended standards and interpretations that are issued, are disclosed <font style="color: #000000;">below.</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z825e44b8ca98458086cadfa88316132b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000; font-family: Arial;">o</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000; font-family: Arial;">Amendments to IAS 1 Classification of Liabilities as Current or Non-current</div>
            <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;"> These amendments are effective for annual periods beginning on or after January 1, 2024. The Company has not early adopted the amendments, however, the Company is
              currently assessing the amendments to determine the impact they will have on the presentation of the Company&#8217;s consolidated financial statements and disclosures when the amendments become effective.</div>
          </td>
        </tr>

    </table>
    <div style="margin-left: 36pt; color: rgb(0, 0, 0); font-family: Arial; text-align: justify;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z956edc4f1ac2418b97f867b942b5cb89" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000; font-family: Arial;">o</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000; font-family: Arial;">Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors</div>
            <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;"> The Company has adopted the amendments to IAS 8, effective for annual periods beginning on or after January 1, 2023. These amendments have no impact on the interim
              consolidated financial statements.</div>
          </td>
        </tr>

    </table>
    <div style="margin-left: 36pt; color: rgb(0, 0, 0); font-family: Arial; text-align: justify;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z57bfc61b0bca4f71bd72737e8020c542" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000; font-family: Arial;">o</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000; font-family: Arial;">Disclosure of Accounting Policies &#8211; Amendments to IAS 1 and IFRS Practice Statement 2</div>
            <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;"> The Company has adopted the amendments to IAS 1 and IFRS Practice Statement 2, effective for annual periods beginning on or after January 1, 2023. These amendments have
              no impact on the interim consolidated financial statements.</div>
          </td>
        </tr>

    </table>
    <div style="margin-left: 36pt; color: rgb(0, 0, 0); font-family: Arial; text-align: justify;"><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;">Note 3 &#8211; Segment reporting</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">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 class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">The below table details the Company&#8217;s total revenues:</div>
    <div style="text-align: center;">
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zf208d03dde2748f5816153f2aad5f161">

          <tr>
            <td style="background-color: #244062; border-left: 2px; border-top: 2px solid #808080; vertical-align: top; width: 56.52%;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">$ in thousands</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 2.62%;">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 20.9%;">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="background-color: #244062; border-right: 2px; border-top: 2px solid #808080; vertical-align: top; width: 19.96%;">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2022</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.52%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Time charter revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 2.62%; vertical-align: top;">&#160;</td>
            <td style="width: 20.9%; vertical-align: bottom; text-align: right;">
              <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;18,776</div>
            </td>
            <td style="width: 19.96%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;18,638</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.52%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Voyage charter revenues</div>
            </td>
            <td style="width: 2.62%; vertical-align: top;">&#160;</td>
            <td style="width: 20.9%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;112,692</div>
            </td>
            <td style="width: 19.96%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;57,762</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.52%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Shipping revenues</div>
            </td>
            <td style="width: 2.62%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 20.9%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;131,468</div>
            </td>
            <td style="width: 19.96%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;76,400</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.52%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 2.62%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 20.9%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,100</div>
            </td>
            <td style="width: 19.96%; vertical-align: top; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.52%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total revenues</div>
            </td>
            <td style="width: 2.62%; vertical-align: top; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 20.9%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128); text-align: right;">
              <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;132,568</div>
            </td>
            <td style="width: 19.96%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;76,400</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-size: 8pt; 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 $5.1 million in the first quarter of 2023 and $4.8 million in the first quarter of 2022, is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.</div>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>Other revenues mainly relate to technical management services provided.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">As of March 31, 2023, the Company had 23 vessels in operation; seven vessels were on time charters and 16 vessels operating in the spot market.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-style: italic;"><u>Information about major customers:</u></div>
    <div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">For the period from January 1, 2023, to March 31, 2023, five customers represented $20.4 million, $19.9 million, $15.9 million, $14.4 million, and $12.6 million, respectively, of
        the Company&#8217;s shipping revenues. The five customers in aggregate represented $83.2 million, equal to 63 percent of the shipping revenues of $131.5 million for the period from January 1, 2023, to March 31, 2023.</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">For the period from January 1, 2022, to March 31, 2022, five customers represented $16.8 million, $11.1 million, $9.0 million, $4.1 million, and $3.7 million, respectively, of the
      Company&#8217;s total revenues. The five customers in aggregate represented $44.8 million, equal to 59 percent of the total revenue of $76.4 million for the period from January 1, 2022, to March 31, 2022.</div>
    <div>
      <div><br>
      </div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; font-family: Arial; font-weight: bold;">Note 4 &#8211; Interest bearing debt</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: Arial;">As of March 31, 2023, DHT had interest bearing debt totaling $395.7 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial; font-weight: bold;">Scheduled debt repayments</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9442f36e78884755a3656eeca6cebf7c">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 29.9%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 6%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 6.45%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Interest</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 9.38%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q2</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 9.38%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q3-Q4</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 9.39%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 9.38%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 9.39%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-right: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 10.7%; color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-left: 2px; vertical-align: top; width: 29.9%;">
              <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">$ in thousands</div>
            </td>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); vertical-align: top; width: 6%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 6.45%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">rate</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 9.38%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">2023</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 9.38%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">2023</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 9.39%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">2024</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 9.38%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">2025</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 9.39%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Thereafter</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 2px; vertical-align: top; width: 10.7%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Total</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.9%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Credit Agricole Credit Facility</div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">SOFR +</div>
            </td>
            <td style="width: 6.45%; vertical-align: top;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">2.05%</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;625</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,250</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,500</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,500</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;30,000</div>
            </td>
            <td style="width: 10.7%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;36,875</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.9%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Danish Ship Finance Credit Facility</div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">LIBOR +</div>
            </td>
            <td style="width: 6.45%; vertical-align: top;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">2.00%</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,213</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,213</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,427</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;26,693</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
            </td>
            <td style="width: 10.7%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;31,547</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.9%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">ING Credit Facility <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">SOFR +</div>
            </td>
            <td style="width: 6.45%; vertical-align: top;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">1.90%</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,250</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;12,500</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;25,000</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;25,000</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;151,150</div>
            </td>
            <td style="width: 10.7%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;219,900</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.9%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Nordea Credit Facility <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">LIBOR +</div>
            </td>
            <td style="width: 6.45%; vertical-align: top;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">1.90%</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;23,715</div>
            </td>
            <td style="width: 9.38%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;23,715</div>
            </td>
            <td style="width: 9.39%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;69,806</div>
            </td>
            <td style="width: 10.7%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;117,235</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.9%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total</div>
            </td>
            <td style="width: 6%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 6.45%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 9.38%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;8,088</div>
            </td>
            <td style="width: 9.38%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;14,963</div>
            </td>
            <td style="width: 9.39%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;53,641</div>
            </td>
            <td style="width: 9.38%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;77,908</div>
            </td>
            <td style="width: 9.39%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;250,956</div>
            </td>
            <td style="width: 10.7%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;405,557</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.9%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Unamortized upfront fees bank loans</div>
            </td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 6.45%; vertical-align: top;">&#160;</td>
            <td style="width: 9.38%; vertical-align: top;">&#160;</td>
            <td style="width: 9.38%; vertical-align: top;">&#160;</td>
            <td style="width: 9.39%; vertical-align: top;">&#160;</td>
            <td style="width: 9.38%; vertical-align: top;">&#160;</td>
            <td style="width: 9.39%; vertical-align: top;">&#160;</td>
            <td style="width: 10.7%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(9,833)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.9%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total interest bearing debt</div>
            </td>
            <td style="width: 6%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 6.45%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 9.38%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 9.38%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 9.39%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 9.38%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 9.39%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 10.7%; vertical-align: top; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;395,724</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="font-family: Arial; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> $85.1 mill. undrawn as of March 31, 2023.</div>
    <div style="font-family: Arial; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> $143.7 mill. undrawn as of March 31, 2023.</div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;"><u>ING Credit Facility</u></div>
    <div style="font-family: Arial; text-align: justify;">In January 2023, the Company entered into a new $405.0 million secured credit facility, including a $100 million uncommitted incremental facility, with ING, Nordea, ABN AMRO, Credit Agricole, Danish
      Ship Finance and SEB, as lenders, ten wholly owned special-purpose vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc., as guarantor. Borrowings bear interest at a rate equal to SOFR plus a margin of 1.90% and is repayable in quarterly
      installments of $6.3 million with maturity in January 2029.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial; font-weight: bold;"><u>Credit Agricole Credit Facility</u></div>
    <div style="font-family: Arial; text-align: justify;">The credit 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 class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;"><u>Danish Ship Finance Credit Facility</u></div>
    <div style="text-align: justify; font-family: Arial;">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-family: Arial; font-weight: bold;"><u>Nordea Credit Facility</u></div>
    <div style="text-align: justify; font-family: Arial;">All regular installments have been prepaid through 2023. The credit facility 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-family: Arial; font-weight: bold;"><u>Derivatives - interest rate swaps</u></div>
    <div style="text-align: justify; font-family: Arial;">In the statement of financial position, only derivatives are classified and measured at fair value. 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><br>
    </div>
    <div style="text-align: justify; font-family: Arial;">As of March 31, 2023, the Company had two amortizing interest rate swaps with notional amount totaling $73.2 million with maturity in the second quarter of 2023. The average fixed interest rate is
      3.00%. As of March 31, 2023, the fair value of the derivative financial assets related to the swaps amounted to $0.1 million.</div>
    <div style="text-align: justify;"><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc63a06ca458a41f49c6ae66b0683a3b2">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 28.46%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 9.81%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Notional amount</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Current assets</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Non-current assets</div>
            </td>
            <td style="background-color: #244062; border-right: 2px; border-top: 2px solid #808080; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Fair value</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-left: 2px; vertical-align: top; width: 28.46%;">
              <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt;">$ in thousands</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 9.81%;">
              <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Expires</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 2px; vertical-align: top; width: 15.43%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Q1 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 28.46%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Swap pays 2.987%, receive floating</div>
            </td>
            <td style="width: 9.81%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Apr. 20, 2023</div>
            </td>
            <td style="width: 15.43%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;36,600</div>
            </td>
            <td style="width: 15.43%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;35</div>
            </td>
            <td style="width: 15.43%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
            <td style="width: 15.43%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;35</div>
            </td>
          </tr>
          <tr>
            <td style="width: 28.46%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Swap pays 3.012%, receive floating</div>
            </td>
            <td style="width: 9.81%; vertical-align: top; background-color: #C0C0C0;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Apr. 20, 2023</div>
            </td>
            <td style="width: 15.43%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;36,600</div>
            </td>
            <td style="width: 15.43%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;35</div>
            </td>
            <td style="width: 15.43%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;-</div>
            </td>
            <td style="width: 15.43%; vertical-align: top; border-right: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;35</div>
            </td>
          </tr>
          <tr>
            <td style="width: 28.46%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">&#160;Total carrying amount</div>
            </td>
            <td style="width: 9.81%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">&#160;</td>
            <td style="width: 15.43%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;73,200</div>
            </td>
            <td style="width: 15.43%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;70</div>
            </td>
            <td style="width: 15.43%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;-</div>
            </td>
            <td style="width: 15.43%; vertical-align: top; background-color: #C0C0C0; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;70</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial; font-weight: bold;"><u>Covenant compliance</u></div>
    <div style="text-align: justify; font-family: Arial;">The Company's financial covenants as of March 31, 2023, are summarized as follows:</div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zd78354af79184a7395dabd6331cb9e11">

          <tr>
            <td style="background-color: rgb(36, 64, 98); border-left: 2px none; border-top: 2px solid rgb(128, 128, 128); vertical-align: top; width: 25.39%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 18.65%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">ING</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 18.66%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Credit Agricole</div>
            </td>
            <td style="background-color: #244062; border-top: 2px solid #808080; vertical-align: top; width: 18.65%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Danish Ship Finance</div>
            </td>
            <td style="background-color: #244062; border-right: 2px; border-top: 2px solid #808080; vertical-align: top; width: 18.66%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Nordea</div>
            </td>
          </tr>
          <tr>
            <td style="background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128); border-left: 2px none; vertical-align: top; width: 25.39%; color: rgb(255, 255, 255);">&#160;</td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 18.65%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Credit Facility</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 18.66%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Credit Facility</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; vertical-align: top; width: 18.65%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Credit Facility</div>
            </td>
            <td style="background-color: #244062; border-bottom: 2px solid #808080; border-right: 2px; vertical-align: top; width: 18.66%;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Credit Facility</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25.39%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-top: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial;">Security</div>
            </td>
            <td style="width: 18.65%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">10 VLCCs</div>
            </td>
            <td style="width: 18.66%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1 VLCC</div>
            </td>
            <td style="width: 18.65%; vertical-align: top; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1 VLCC</div>
            </td>
            <td style="width: 18.66%; vertical-align: top; border-right: #969696 2px solid; border-top: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">11 VLCCs</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25.39%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial;">Charter free market value of vessels that secure facility must be no less than</div>
            </td>
            <td style="width: 18.65%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">135% of borrowings</div>
            </td>
            <td style="width: 18.66%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">135% of borrowings</div>
            </td>
            <td style="width: 18.65%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">135% of borrowings</div>
            </td>
            <td style="width: 18.66%; vertical-align: top; border-right: #969696 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">135% of borrowings</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25.39%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial;">Value adjusted* tangible net worth</div>
            </td>
            <td style="width: 18.65%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">$300 million and 25% of value adjusted total assets</div>
            </td>
            <td style="width: 18.66%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">$300 million and 25% of value adjusted total assets</div>
            </td>
            <td style="width: 18.65%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">$300 million and 25% of value adjusted total assets</div>
            </td>
            <td style="width: 18.66%; vertical-align: top; border-right: #969696 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">$300 million and 25% of value adjusted total assets</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25.39%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial;">Unencumbered cash of at least</div>
            </td>
            <td style="width: 18.65%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">Higher of $30 million or 6% of gross interest bearing debt</div>
            </td>
            <td style="width: 18.66%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">Higher of $30 million or 6% of gross interest bearing debt</div>
            </td>
            <td style="width: 18.65%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">Higher of $30 million or 6% of gross interest bearing debt</div>
            </td>
            <td style="width: 18.66%; vertical-align: top; border-right: #969696 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">Higher of $30 million or 6% of gross interest bearing debt</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25.39%; vertical-align: top; background-color: #C0C0C0; border-left: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-weight: bold;">Guarantor</div>
            </td>
            <td style="width: 18.65%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
            <td style="width: 18.66%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
            <td style="width: 18.65%; vertical-align: top; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
            <td style="width: 18.66%; vertical-align: top; border-right: #969696 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">DHT Holdings, Inc.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; font-family: Arial; font-size: 8pt; font-style: italic;">*Value adjusted is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company's vessels (as
      determined quarterly by a broker approved by the financial institution)</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: Arial;">As of March 31, 2023, the Company was in compliance with its financial covenants.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial; font-weight: bold;">Note 5 &#8211; Vessels</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;">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><br>
    </div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Arial; font-weight: bold;"><u>Vessels</u></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z598ca180a34f4dad922262e567d9258b">

          <tr>
            <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Cost of Vessels</div>
            </td>
            <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
          </tr>
          <tr>
            <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-style: italic;">$ in thousands</div>
            </td>
            <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">At January 1, 2023</div>
            </td>
            <td style="width: 17.9%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,997,196</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Additions</div>
            </td>
            <td style="width: 17.9%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(138)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Transferred from vessels upgrades</div>
            </td>
            <td style="width: 17.9%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">17,365</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">Retirement <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 17.9%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(1,700)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">At March 31, 2023</div>
            </td>
            <td style="width: 17.9%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;2,012,723</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div>
    <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> <br>
      </sup>
      <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><br>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z0f4059b26afd4808a8d16a0c1c81a966">

            <tr>
              <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Depreciation and amortization</div>
              </td>
              <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
            </tr>
            <tr>
              <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-style: italic;">$ in thousands</div>
              </td>
              <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">At January 1, 2023</div>
              </td>
              <td style="width: 17.9%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">735,198</div>
              </td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Depreciation and amortization <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
              </td>
              <td style="width: 17.9%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">25,169</div>
              </td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Retirement <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
              </td>
              <td style="width: 17.9%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(1,700)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">At March 31, 2023</div>
              </td>
              <td style="width: 17.9%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;758,667</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> <br>
        </sup></div>
      <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><br>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb06cf940ba83452ea7fbb949d98bc92c">

            <tr>
              <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Carrying Amount</div>
              </td>
              <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
            </tr>
            <tr>
              <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-style: italic;">$ in thousands</div>
              </td>
              <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">At January 1, 2023</div>
              </td>
              <td style="width: 17.9%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">&#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;1,261,998</div>
              </td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">At March 31, 2023</div>
              </td>
              <td style="width: 17.9%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;1,254,056</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> <br>
        </sup></div>
      <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Relates to completed depreciation of drydocking for DHT Colt.</div>
      <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup>Relates solely to depreciation of vessels, drydocking, and EGCS. Depreciation of office leases and other property, plant, and equipment represents an
        additional $557 thousand, which combined with the depreciation of vessels, drydocking, and EGCS comprises $25,726 thousand in depreciation and amortization.</div>
      <div><br>
      </div>
      <div style="font-family: Arial; font-weight: bold;"><u>Advances for vessel upgrades</u></div>
      <div style="font-family: Arial;">Cost of advances for vessels and vessel upgrades relates to prepaid drydocking and ballast water treatment systems.</div>
      <div><font style="font-family: Arial;"> </font><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zcb4ac650b64a48479f9c454b5ac1243f">

            <tr>
              <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Cost of advances of vessels and vessel upgrades</div>
              </td>
              <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
            </tr>
            <tr>
              <td style="background-color: #244062; vertical-align: top; width: 82.1%;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-style: italic;">$ in thousands</div>
              </td>
              <td style="background-color: #244062; vertical-align: top; width: 17.9%;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">At January 1, 2023</div>
              </td>
              <td style="width: 17.9%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">4,583</div>
              </td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Additions</div>
              </td>
              <td style="width: 17.9%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">17,376</div>
              </td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Transferred to vessels</div>
              </td>
              <td style="width: 17.9%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(17,365)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 82.1%; vertical-align: top; background-color: #C0C0C0; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">At March 31, 2023</div>
              </td>
              <td style="width: 17.9%; vertical-align: top; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; 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;4,594</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial; font-weight: bold;">Note 6 &#8211; Stockholders&#8217; equity and dividend payment</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" id="zbb2418328a4b41f1aa9d9d59e127216f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td nowrap="nowrap" style="width: 72.8%; vertical-align: bottom; background-color: #244061; border-bottom: #000000 2px solid;">&#160;</td>
            <td nowrap="nowrap" style="width: 27.2%; vertical-align: bottom; background-color: #244061; border-bottom: #000000 2px solid;">
              <div style="text-align: right; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Common stock&#160; <br>
              </div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 72.8%; vertical-align: bottom;">
              <div style="font-family: Arial; font-size: 8pt;">&#160; Issued at March 31, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 27.2%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial; font-size: 8pt;">162,986,561&#160; <br>
              </div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 72.8%; vertical-align: bottom;">
              <div style="font-family: Arial; font-size: 8pt;">&#160; Numbers of shares authorized for issue</div>
            </td>
            <td nowrap="nowrap" style="width: 27.2%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 72.8%; vertical-align: bottom;">
              <div style="font-family: Arial; font-size: 8pt;">&#160;&#160;&#160; at March 31, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 27.2%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial; font-size: 8pt;">250,000,000&#160; <br>
              </div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 72.8%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="font-family: Arial; font-size: 8pt;">&#160; Par value</div>
            </td>
            <td nowrap="nowrap" style="width: 27.2%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial; font-size: 8pt;">$ 0.01&#160; <br>
              </div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial; font-weight: bold;"><u>Common stock</u></div>
      <div style="color: #000000; font-family: Arial;">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 class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial; font-weight: bold;"><u>Dividend payments</u></div>
      <div><br>
      </div>
      <div style="font-family: Arial;">Dividend payment made year-to-date as of March 31, 2023:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" id="ze5579806d75a4da6a985d02d1b45fc10" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td nowrap="nowrap" style="width: 43.88%; vertical-align: bottom; background-color: #244062;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Payment date</div>
            </td>
            <td nowrap="nowrap" style="width: 36.3%; vertical-align: bottom; background-color: #244062;">
              <div style="text-align: center; margin-left: 42.5pt; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Total Payment</div>
            </td>
            <td nowrap="nowrap" style="width: 19.82%; vertical-align: bottom; background-color: #244062;">
              <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Per common share</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.88%; vertical-align: bottom; background-color: #244062;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-style: italic;">$ in thousands, except per share amounts</div>
            </td>
            <td nowrap="nowrap" style="width: 36.3%; vertical-align: bottom; background-color: #244062;">&#160;</td>
            <td nowrap="nowrap" style="width: 19.82%; vertical-align: bottom; background-color: #244062;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.88%; vertical-align: bottom; background-color: #D9D9D9;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">February 24, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 36.3%; vertical-align: bottom;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 61,935</div>
            </td>
            <td nowrap="nowrap" style="width: 19.82%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.38</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.88%; vertical-align: bottom; background-color: #D9D9D9; border-top: #000000 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total payment made year-to-date as of March 31, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 36.3%; vertical-align: bottom; border-top: #000000 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 61,935</div>
            </td>
            <td nowrap="nowrap" style="width: 19.82%; vertical-align: bottom; border-top: #000000 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.38</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial;">Dividend payments made during 2022:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" id="z1572bc746a62493aacd5b1f01febe8ad" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td nowrap="nowrap" style="width: 43.68%; vertical-align: bottom; background-color: #244062;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Payment date</div>
            </td>
            <td nowrap="nowrap" style="width: 36.76%; vertical-align: bottom; background-color: #244062;">
              <div style="text-align: center; margin-left: 42.5pt; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Total Payment</div>
            </td>
            <td nowrap="nowrap" style="width: 19.56%; vertical-align: bottom; background-color: #244062;">
              <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Per common share</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.68%; vertical-align: bottom; background-color: #244062;">
              <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-style: italic;">$ in thousands, except per share amounts</div>
            </td>
            <td nowrap="nowrap" style="width: 36.76%; vertical-align: bottom; background-color: #244062;">&#160;</td>
            <td nowrap="nowrap" style="width: 19.56%; vertical-align: bottom; background-color: #244062;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.68%; vertical-align: bottom; background-color: #D9D9D9;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">November 29, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 36.76%; vertical-align: bottom;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 6,506</div>
            </td>
            <td nowrap="nowrap" style="width: 19.56%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.04</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.68%; vertical-align: bottom; background-color: #D9D9D9;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">August 30, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 36.76%; vertical-align: bottom;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 6,506</div>
            </td>
            <td nowrap="nowrap" style="width: 19.56%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.04</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.68%; vertical-align: bottom; background-color: #D9D9D9;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">May 26, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 36.76%; vertical-align: bottom;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 3,336</div>
            </td>
            <td nowrap="nowrap" style="width: 19.56%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.02</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.68%; vertical-align: bottom; background-color: #D9D9D9; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">February 24, 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 36.76%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 3,330</div>
            </td>
            <td nowrap="nowrap" style="width: 19.56%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.02</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 43.68%; vertical-align: bottom; background-color: #D9D9D9; border-top: #000000 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total payments made during 2022</div>
            </td>
            <td nowrap="nowrap" style="width: 36.76%; vertical-align: bottom; border-top: #000000 2px solid; border-bottom: #808080 2px solid;">
              <div style="color: #000000; font-family: Arial; font-size: 8pt;"><font style="font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; </font>&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; <font style="font-weight: bold;">19,679</font></div>
            </td>
            <td nowrap="nowrap" style="width: 19.56%; vertical-align: bottom; border-top: #000000 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.12</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial; font-weight: bold;">Note 7 &#8211; Accounts receivable and accrued revenues</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">As of March 31, 2023, $55.0 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 $59.5 million as of December 31, 2022.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial; font-weight: bold;">Note 8 &#8211; Deferred shipping revenues</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0); font-family: Arial; text-align: justify;">Deferred shipping revenues relates to charter hire payments paid in advance. As of March 31, 2023, $5.1 million was recognized as deferred shipping revenues in the interim
        condensed consolidated statement of financial position, compared to $4.2 million as of December 31, 2022.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial; font-weight: bold;">Note 9 - Financial risk management, objectives, and policies</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Note 9 in the 2022 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: #000000; font-family: Arial;">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: #000000; font-family: Arial;">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><br>
      </div>
      <div style="font-family: Arial; font-weight: bold;">Note 10 &#8211; Subsequent events</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">On May 2, 2023, the Board approved a dividend of $0.23 per common share related to the first quarter of 2023 to be paid on May 25, 2023, for shareholders of record as of May 18,
        2023.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">So far in the second quarter of 2023, the Company has completed the installation of an exhaust gas cleaning system for one vessel. The last two vessels of the retrofit project are
        expected to be completed during the remainder of 2023. Following this, the Company will have all of its vessels fitted with exhaust gas cleaning systems.</div>
      <div><br>
      </div>
    </div>
  </div>
  <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
