<SEC-DOCUMENT>0000950157-25-000103.txt : 20250206
<SEC-HEADER>0000950157-25-000103.hdr.sgml : 20250206
<ACCEPTANCE-DATETIME>20250205213519
ACCESSION NUMBER:		0000950157-25-000103
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250205
FILED AS OF DATE:		20250206
DATE AS OF CHANGE:		20250205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DHT Holdings, Inc.
		CENTRAL INDEX KEY:			0001331284
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32640
		FILM NUMBER:		25595181

	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>
<html>
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  <div style="text-align: center; color: #000000; font-weight: bold;">&#160;<br>
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  <div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 11pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div>&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 144px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">Form 6-K</div>
    <div>&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 144px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-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 February 2025</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Commission File Number 001-32640</div>
    <div>&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 144px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-size: 24pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
    <div style="text-align: center;">(Exact name of Registrant as specified in its charter)</div>
    <div>&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 144px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="text-align: center;">Clarendon House</div>
    <div style="text-align: center;">2 Church Street, Hamilton HM 11</div>
    <div style="text-align: center;">Bermuda</div>
    <div style="text-align: center;">(Address of principal executive offices)</div>
    <div>&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 144px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div>&#160;</div>
    <div style="text-align: center;">Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9745;</font> Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
    <div style="text-align: center; color: #000000;">&#160;</div>
    <div style="text-align: center; color: #000000;">
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;"> </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <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>&#160;</div>
    <div style="color: #000000;"><u>Press Releases</u></div>
    <div>&#160;</div>
    <div>The press release issued by DHT Holdings, Inc. (the <font style="color: #000000;">&#8220;</font>Company<font style="color: #000000;">&#8221;</font>) on February 5, 2025 related to its results for the fourth quarter of 2024 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</div>
    <div>&#160;</div>
    <div style="color: #000000;"><u>Incorporation by Reference</u></div>
    <div>&#160;</div>
    <div>Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into the Company&#8217;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>
    <div>&#160;</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div>&#160; <br>
    </div>
    <div style="color: #000000; font-weight: bold;">EXHIBIT LIST</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 10.05%; vertical-align: bottom; background-color: #FEFEFE; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-weight: bold;">Exhibit</div>
          </td>
          <td style="width: 2.01%; vertical-align: bottom; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 87.94%; vertical-align: bottom; background-color: #FEFEFE; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-weight: bold;">Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10.05%; vertical-align: top; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 2.01%; vertical-align: bottom; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 87.94%; vertical-align: top; background-color: #FEFEFE;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10.05%; vertical-align: top; background-color: #FEFEFE;">
            <div><a href="ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 2.01%; vertical-align: bottom; background-color: #FEFEFE;">&#160;</td>
          <td style="width: 87.94%; vertical-align: top; background-color: #FEFEFE;">
            <div><a href="ex99-1.htm">Press Release dated February 5, 2025</a></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <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>&#160;</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
    <div>&#160;</div>
    <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
      duly authorized.</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z479106d0db4e456cb14f18bf9b2f3957" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div>DHT Holdings, Inc.</div>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="2">
            <div>(Registrant)</div>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Date: February 5, 2025</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div>/s/ Laila C. Halvorsen</div>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 4%; vertical-align: bottom;">
            <div>Name:</div>
          </td>
          <td style="width: 31%; vertical-align: bottom;">
            <div>Laila C. Halvorsen</div>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 31%; vertical-align: top;">
            <div>Chief Financial Officer</div>
          </td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>&#160;</div>
    <div><br>
      <br>
      <br>
      <br>
      &#160;</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE DATED FEBRUARY 5, 2025
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold; font-family: 'Times New Roman';">Exhibit 99.1</font><br>
  </div>
  <div> <br>
  </div>
  <div><img src="dht_logo.jpg"> </div>
  <div> <br>
  </div>
  <div>
    <div style="text-align: center; text-indent: 8.5pt; margin-left: 8.5pt; font-weight: bold;">DHT Holdings, Inc. Fourth Quarter 2024 Results</div>
    <div><br>
    </div>
    <div style="margin-right: 24.6pt; color: rgb(0, 0, 0);">HAMILTON, BERMUDA, February 5, 2025 &#8211; DHT Holdings, Inc. (NYSE: DHT) (&#8220;DHT&#8221; or the &#8220;Company&#8221;) today announced:</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">FINANCIAL HIGHLIGHTS:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="za9c4afffed494888ba04826906f0c145">

        <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);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">USD mill. (except per share)</div>
          </td>
          <td style="width: 10.27%; 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: rgb(0, 0, 0); font-weight: bold;">Q4 2024</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; background-color: #D9D9D9; border-left: #359B8A 2px solid; border-right: #000000 2px solid; border-top: #808080 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q3 2024</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q2 2024</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 2px solid; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q1 2024</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 2px solid; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q4 2023</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2024</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #7F7F7F 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2023</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138); border-top: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Shipping revenues</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">130.8</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">141.1</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">150.1</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">145.9</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">142.3</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">567.8</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">556.1</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: rgb(0, 0, 0);">Adjusted net revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">85.5</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">92.6</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">103.7</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">106.3</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">94.5</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">388.2</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">390.4</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Adjusted EBITDA<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">60.6</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">70.4</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">80.0</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">83.7</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">72.9</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">294.6</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">302.0</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Profit/(loss) after tax</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">54.7</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">35.2</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">44.5</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">47.1</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">35.3</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">181.5</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">161.4</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">EPS &#8211; basic</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">0.34</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.22</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.27</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.29</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.22</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1.12</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.99</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">EPS &#8211; diluted<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">0.34</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.22</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.27</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.29</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.22</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1.12</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.99</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Dividend<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">0.17</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.22</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.27</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.29</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">0.22</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.95</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.99</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Interest bearing debt</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">409.4</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">407.6</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">414.6</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">397.8</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">428.7</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">409.4</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">428.7</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Cash and cash equivalents</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">78.1</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">73.8</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">72.6</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">73.1</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid;">
            <div style="text-align: right;">74.7</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">78.1</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">74.7</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138); border-bottom: 2px solid rgb(127, 127, 127);">
            <div style="color: rgb(0, 0, 0);">Net debt</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-right: #359B8A 2px solid; border-bottom: #359B8A 2px solid;">
            <div style="text-align: right; font-weight: bold;">331.3</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #359B8A 2px solid; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">333.8</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">342.0</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">324.7</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #808080 2px solid; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">354.0</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">331.3</div>
          </td>
          <td style="width: 10.27%; vertical-align: middle; border-left: #7F7F7F 2px solid; border-right: #7F7F7F 2px solid; border-bottom: #7F7F7F 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">354.0</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">QUARTERLY HIGHLIGHTS:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z4dd184b60aca4f7483eb317b4ca13f2b">

        <tr>
          <td style="width: 18pt; vertical-align: top;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: rgb(0, 0, 0);">In the fourth quarter of 2024, the Company achieved average combined time charter equivalent earnings of $38,800 per day, comprised of $38,200 per day for the Company&#8217;s VLCCs operating in the spot market and
              $40,500 per day for the Company&#8217;s VLCCs on time charter. Average spot rate for the quarter for vessels below 15-years of age was $40,500 per day.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z4a2292ede3a6489b9fbe5530c39b5484">

        <tr>
          <td style="width: 18pt; vertical-align: top;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Adjusted EBITDA for the <font style="color: rgb(0, 0, 0);">fourth quarter of 2024</font> was $60.6 million. Net profit for the quarter was $54.7 million, which equates to $0.34 per basic share. After adjusting for a non-cash reversal of
              previous impairment charges of $27.9 million, the Company had a net profit for the quarter of $26.8 million or $0.17 per basic share.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z78573f24975a4b5ab6ae753ff23cf57c">

        <tr>
          <td style="width: 18pt; vertical-align: top;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>In December 2024, the Company entered into an agreement to sell DHT Scandinavia, a 2006 built VLCC, for $43.4 million. The vessel was delivered to its new owner in January 2025. The vessel had no outstanding debt and the Company expects to
              book a gain of about $19.8 million in the first quarter of 2025 related to the sale.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zc7d41b3b75c446038a41b042f0134c48">

        <tr>
          <td style="width: 18pt; vertical-align: top;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>In the fourth quarter of 2024, the Company purchased 1,481,383 of its own shares in the open market, equivalent to 0.9% of its outstanding shares, at an average price of $8.89. All shares were retired upon receipt.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z99409d294e954509bcfb1c14fe4dfec7">

        <tr>
          <td style="width: 18pt; vertical-align: top;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>In the fourth quarter of 2024, the Company paid $12.8 million as second installment for one of the vessels under the newbuilding program.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z1c4c74dccc8444a7a7ba2585deb39017">

        <tr>
          <td style="width: 18pt; vertical-align: top;">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>For the fourth quarter of 2024, the Company declared a cash dividend of $0.17 per share of outstanding common stock, payable on February 25, 2025, to shareholders of record as of February 18, 2025. This marks the 60<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>
              consecutive quarterly cash dividend and is in line with the Company&#8217;s capital allocation policy to pay out 100% of ordinary net income. The shares will trade ex-dividend from February 18, 2025.</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">1</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">OPERATIONAL HIGHLIGHTS:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z6375222e241445c9a22816c95d11047c">

        <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: rgb(0, 0, 0); font-weight: bold;">Q4 2024</div>
          </td>
          <td style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(128, 128, 128) rgb(128, 128, 128) rgb(0, 0, 0) rgb(53, 155, 138);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q3 2024</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);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q2 2024</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);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q1 2024</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);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Q4 2023</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(127, 127, 127) rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2024</div>
          </td>
          <td style="width: 10%; vertical-align: middle; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(127, 127, 127) rgb(127, 127, 127) rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2023</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138); border-top: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Operating days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">2,208.0</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: rgb(0, 0, 0);">2,208.0</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,184.0</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,184.0</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,208.0</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0);">8,784.0</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: rgb(0, 0, 0);">8,548.7</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Scheduled off hire days</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1.0</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);">
            <div style="text-align: right; color: rgb(0, 0, 0);">23.9</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">8.1</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">60.2</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">&#160;&#160;&#160;&#160; - &#160;&#160; &#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">93.1</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">251.8</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Unscheduled off hire<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: rgb(0, 0, 0); font-weight: bold;">0.1%</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: rgb(0, 0, 0);">0.0%</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">2.8%*</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">1.5%*</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">0.1%</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1.1%</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.9%</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Revenue days<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: rgb(0, 0, 0); font-weight: bold;">2,205.8</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: rgb(0, 0, 0);">2,184.4</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">2,114.0</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">2,090.8</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">2,206.7</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">8,594.9</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">8,221.0</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">Spot exposure<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: rgb(0, 0, 0); font-weight: bold;">73.4%</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: rgb(0, 0, 0);">74.5%</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">78.5%</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">79.2%</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">81.2%</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">76.4 %</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right; color: rgb(0, 0, 0);">75.6 %</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138);">
            <div style="color: rgb(0, 0, 0);">VLCC time charter rate per day</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$40,500</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: rgb(0, 0, 0);">$38,800</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">$36,400</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">$39,500</div>
          </td>
          <td 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; color: rgb(0, 0, 0);">$39,600</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right;">$38,900</div>
          </td>
          <td 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;">$36,400</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 30%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(127, 127, 127); border-right: 2px solid rgb(53, 155, 138); border-bottom: 2px solid rgb(127, 127, 127);">
            <div style="color: rgb(0, 0, 0);">VLCC spot rate per day</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(53, 155, 138);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$38,200</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: rgb(0, 0, 0);">$43,700</div>
          </td>
          <td 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(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">$52,700</div>
          </td>
          <td 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(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">$54,000</div>
          </td>
          <td 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(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">$43,600</div>
          </td>
          <td nowrap="nowrap" style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(127, 127, 127);">
            <div style="text-align: right;">$47,200</div>
          </td>
          <td 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;">$51,200</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup><font style="font-size: 8pt;">In Q2 2024 one vessel underwent unscheduled repairs, accounting for the predominant part of the unscheduled off hire for the quarter.
        In Q1 2024 two vessels underwent unscheduled repairs, accounting for the unscheduled off hire for the quarter.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">The start of the year suggests the coming year to be filled with geopolitical volatility, including announcements of tariffs that could disrupt trade and result in inflation. We however expect changes in trade flows to
      be constructive with the VLCC sector looking to be an asset class in high demand. This development comes at a time when the dynamics of our market increasingly are becoming a robust supply story, with a benign orderbook of new ships, a rapidly aging
      fleet and a string of sanctions making it increasingly challenging to trade ships in the &#8220;shadow fleet&#8221;.&#160;The freight volatility so far this year demonstrates how the market balance is shifting in the favour of the ship owning community. These
      dynamics are increasingly being recognized by our customers evidenced by strong demand for our quality fleet and services.&#160;&#160;</div>
    <div style="color: rgb(0, 0, 0);">&#160;</div>
    <div style="color: rgb(0, 0, 0);">China has stated its fiscal policy to be &#8220;moderately loose&#8221;, a status we understand to not having been applied since the 2008 &#8211; 2010 period in response to the then financial crises. This should hence be viewed as a
      significant policy stance to induce much needed economic activity, likely resulting in increased oil consumption.&#160;Further, we are registering both economic sanctions and fiscal issues impacting operations of &#8220;tea pot&#8221; refineries, likely gradually
      shifting refinery runs to state owned refineries thus changing imports to non-sanctioned crude oil with the use of compliant ships from companies such as DHT. Refinery margins in Asia are strengthening including indications of increased demand for
      diesel which suggest improved economic activity.&#160;</div>
    <div style="color: rgb(0, 0, 0);">&#160;</div>
    <div style="color: rgb(0, 0, 0);">We are well positioned with what we believe is an appropriate strategy with focus on solid customer relations offering safe and reliable services, maintaining a competitive cost structure with robust break-even levels,
      a solid balance sheet, and a clear capital allocation policy. The whole DHT team continues to work hard and operate with leading governance standards and a high level of integrity.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">As of December 31, 2024, DHT had a fleet of 24 VLCCs, with a total dwt of 7,479,177. 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: rgb(0, 0, 0); font-weight: bold;">SUBSEQUENT EVENT HIGHLIGHT:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z23b083e3085448e0a71b7b3e3bf71a35">

        <tr>
          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: rgb(0, 0, 0);">In January 2025, the Company entered into a one-year time charter contract for DHT China, built 2007. The time charter contract has a rate of $40,000 per day. The vessel was delivered into the time charter
              contract in January.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">OUTLOOK:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zf7733271fc114550a547c8fba11c7b59">

        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td style="width: 25%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-width: 2px; border-style: solid; border-color: rgb(128, 128, 128) rgb(128, 128, 128) rgb(128, 128, 128) rgb(166, 166, 166);">
            <div style="text-align: right; font-weight: bold;">Estimated</div>
            <div style="text-align: right; font-weight: bold;">Q1 2025</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Total term time charter days</div>
          </td>
          <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">604</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Average term time charter rate ($/day)</div>
          </td>
          <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">$ 41,700</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Total spot days for the quarter</div>
          </td>
          <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,475</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Spot days booked to date</div>
          </td>
          <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,085</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Average spot rate booked to date ($/day)</div>
          </td>
          <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">$ 36,400</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Average spot rate for vessels below 15-years ($/day)</div>
          </td>
          <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">$ 37,100</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 75%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Spot P&amp;L break-even for the quarter</div>
          </td>
          <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-left: 2px solid rgb(166, 166, 166); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">$ 21,700</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 8pt;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup> The month of January includes profit-sharing. The months of February and March assumes only the base rate.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zc6d567bf09a24c1c9d406cf9f1242677">

        <tr>
          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">&#9679;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Thus far in the first quarter of 2025, 74% of the available VLCC spot days have been booked at an average rate of $36,400 per day on a discharge-to-discharge basis. 81% of the available VLCC days, combined spot and time charter days, have
              been booked at an average rate of $38,300 per day.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
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    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 4.25pt; font-size: 8pt;"><u>Footnotes:</u></div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Shipping revenues net of voyage expenses.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Shipping revenues net of voyage expenses, other revenues, vessel operating expenses and general and administrative expenses.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>Diluted shares include the dilutive effect of the restricted shares granted to management and members of the board of directors.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>Per common share.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">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-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup>As % of total operating days in period.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup>Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company less days on which a vessel
      is off hire or repositioning days in connection with sale.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;"><u>FOURTH QUARTER 2024 FINANCIALS</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">The Company reported shipping revenues for the fourth quarter of 2024 of $130.8 million compared to shipping revenues of $142.3 million in the fourth quarter of 2023.</font>&#160;<font style="color: rgb(0, 0, 0);">The decrease from the 2023 period to the 2024 period is attributable to lower time charter rates.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Other revenues for the fourth quarter of 2024 were $0.6 million compared to $1.1 million in the fourth quarter of 2023 and relate to technical management services provided.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Voyage expenses for the fourth quarter of 2024 were $45.2 million, compared to voyage expenses of $47.8 million in the fourth quarter of 2023. The change was related to a decrease in port expenses
      of $1.7 million and a decrease in bunker expenses of $1.2 million, partially offset by an increase in other voyage-related costs of $0.7 million. Voyage expenses will generally vary depending on the actual trading patterns during a quarter.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Vessel operating expenses for the fourth quarter of 2024 were $20.0 million compared to $18.7 million in the fourth quarter of 2023. The increase was mainly due to increased crewing expenses of
      $0.7 million, increased off hire bunkers expense of $0.4 million and increased insurance expense of $0.1 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Depreciation and amortization, including depreciation of capitalized survey expenses, was $27.6 million for the fourth quarter of 2024, compared to $28.5 million in the fourth quarter of 2023. The
      decrease was mainly due to decreased depreciation of drydocking and exhaust gas cleaning systems of $0.6 million, and decreased depreciation of vessels of $0.3 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Reversal of previous impairment charges for the fourth quarter of 2024 was $27.9 million. There was no reversal of previous impairment charges in the fourth quarter of 2023.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">General and administrative (&#8220;G&amp;A&#8221;) expense for the fourth quarter of 2024 was $5.6 million, consisting of $4.2 million cash and $1.4 million non-cash charges, compared to $4.0 million in the fourth quarter of 2023,
      consisting of $3.3 million cash and $0.7 million non-cash charges. Non-cash G&amp;A includes accrual for social security tax.</div>
    <div><br>
    </div>
    <div><font style="color: rgb(0, 0, 0);">Net financial expenses for the fourth quarter of 2024 were $6.0 million compared to $8.9 million in the fourth quarter of 2023. The decrease was mainly due to</font> decreased interest expenses of $2.8 million,
      due to a decline in interest rates, and a $0.2 million decrease in other financial expenses.</div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">As a result of the foregoing, the Company had a net profit in the fourth quarter of 2024 of $54.7 million, or earnings of $0.34 per basic share and $0.34 per diluted share, compared to a net profit
      in the fourth quarter of 2023 of $35.3 million, or earnings of $0.22 per basic share and $0.22 per diluted share. The increase from the fourth quarter of 2023 to the fourth quarter of 2024 was mainly due to a $16.5 million increase in operating
      income, and a $2.9 million decrease in net financial expenses.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash provided by operating activities for the fourth quarter of 2024 was $65.8 million compared to $42.3 million for the fourth quarter of 2023. The increase was due to a $32.2 million change
      in operating assets and liabilities, a net profit of $54.7 million in the fourth quarter of 2024 compared to a net profit of $35.3 million in the fourth quarter of 2023, partially offset by a decrease in non-cash items included in net profit of $28.1
      million.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">Net cash used in investing activities was $13.0 million in the fourth quarter of 2024 and was mainly related to investment in vessels under construction. Net cash used in investing activities was $2.2 million in the
      fourth quarter of 2023 and was mainly related to investment in vessels.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash used in financing activities for the fourth quarter of 2024 was $47.9 million, comprised of $35.5 million related to cash dividend paid, $13.2 million related to purchase of treasury
      shares and $8.8 million related to scheduled repayment of long-term debt, partially offset by $10 million related to issuance of long-term debt. Net cash used in financing activities for the fourth quarter of 2023 was $39.5 million comprised of $30.6
      million related to cash dividend paid, $23.7 million related to prepayment of long-term debt, and $8.8 million related to scheduled repayment of long-term debt, partially offset by $24.0 million related to issuance of long-term debt.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">As of December 31, 2024, the cash balance </font>was $78.1 million, compared to <font style="color: rgb(0, 0, 0);">$74.7 million as of December 31, 2023.</font></div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);"> <br>
      </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company monitors its covenant compliance on an ongoing basis. As of December 31, 2024, the Company was in compliance with its financial covenants.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">As of December 31, 2024, the Company had 159,983,104 shares of common stock outstanding compared to 160,999,542 shares as of December 31, 2023<font style="color: rgb(0, 0, 0);">.</font></div>
    <div><br>
    </div>
    <div><font style="color: rgb(0, 0, 0);">The Company declared a cash dividend of $0.17 per common share for the fourth quarter of 2024 </font>payable on February 25, 2025, for shareholders of record as of February 18, 2025.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 4.25pt; font-weight: bold;"><u>FULL YEAR 2024 FINANCIALS</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The Company reported shipping revenues for 2024 of $567.8 million compared to $556.1 million in 2023.&#160;The increase from the 2023 period to the 2024 period includes $25.3 million attributable to
      increased total revenue days, partially offset by $13.5 million attributable to lower tanker rates.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Other revenues for 2024 were $3.9 million compared to $4.5 million in 2023 and relate to technical management services provided.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Voyage expenses for 2024 were $179.6 million compared to voyage expenses of $165.7 million in 2023.&#160;The change was mainly related to an increase in bunker expenses of $17.3 million, partially
      offset by a decrease in port expenses of $4.4 million. The increased bunker expense in 2024 is mainly due to one additional vessel in the fleet, more vessels in the spot market and fewer off hire days. Voyage expenses will in general vary depending
      on the actual trading patterns during the period.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Vessel operating expenses for 2024 were $78.6 million compared to $75.4 million in 2023. The increase was mainly related to an additional vessel in the fleet and insurance deductibles.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Depreciation and amortization, including depreciation of capitalized survey expenses, was $111.9 million for 2024, compared to $108.9 million in 2023. The increase was mainly due to increased
      depreciation of vessels and exhaust gas cleaning systems of $3.2 million due to an additional vessel in the fleet, partially offset by a decrease in depreciation of drydocking of $0.1 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Reversal of previous impairment charges for 2024 was $27.9 million. There was no reversal of previous impairment charges in 2023.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);">G&amp;A for 2024 was $18.9 million, consisting of $14.7 million cash and $4.2 million non-cash charges, compared to $17.4 million, consisting of $14.1 million cash and $3.3 million non-cash charges for 2023. Non-cash
      G&amp;A includes accrual for social security tax.</div>
    <div><br>
    </div>
    <div><font style="color: rgb(0, 0, 0);">Net financial expenses for 2024 were $28.6 million, compared to $31.1 million in 2023. The decrease was mainly due to</font> decreased interest expenses of $2.7 million, due to a decline in interest rates, and a
      non-cash loss of $0.5 million related to interest rate derivatives in 2023, partially offset by reduced interest income of $0.6 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">The Company had a net profit for 2024 of $181.5 million, or earnings of $1.12 per basic share and $1.12 per diluted share compared to a net profit of $161.4 million, or earnings of
        $0.99 per basic share and $0.99 per diluted share in 2023. </font>The difference between the two periods was mainly <font style="color: rgb(0, 0, 0);">due to a $17.5 million increase in operating income, and a $2.5 million decrease in net
        financial expenses.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">Net cash provided by operating activities for 2024 was $298.7 million compared to</font> $251<font style="color: rgb(0, 0, 0);">.4 </font>million for 2023<font style="color: rgb(0, 0, 0);">. The increase was mainly due to a $51.2 million change in operating assets and liabilities, and net profit of $181.5 million in 2024 compared to a net profit of $161.4 million in 2023, partially offset by a $24.0 million decrease in
        non-cash items included in net profit.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash used in investing activities for 2024 was $97.0 million comprised of $90.2 million related to investment in vessels under construction and $6.7 million related to investment in vessels.
      Net cash used in investing activities for 2023 was $125.0 million comprised of $128.1 million related to investment in vessels, partially offset by $3.3 million related to proceeds from sale of derivatives.</div>
    <div style="text-align: justify; color: rgb(0, 0, 0);"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Net cash used in financing activities for 2024 was $197.9 million comprised of $161.4 million related to cash dividends paid, $74.0 million related to prepayment of long-term debt, $32.9 million
      related to scheduled repayment of long-term debt, and $13.2 million related to purchase of treasury shares, partially offset by $85.0 million related to issuance of long-term debt. Net cash used in financing activities for 2023 was $177.8 million,
      comprised of $216.8 million related to repayment of long-term debt in connection with refinancing, $186.7 million related to cash dividends paid, $68.7 million related to prepayment of long-term debt, $24.4 million related to scheduled repayment of
      long-term debt, and $18.8 million related to purchase of treasury shares, partially offset by $339.6 million related to issuance of long-term debt.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;"><u>RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</u></div>
    <div style="text-align: justify;">The Company assesses the financial performance of its business using a variety of measures. Certain of these measures are termed &#8220;non-GAAP measures&#8221; because they exclude amounts that are included in, or include amounts
      that are excluded from, the most directly comparable measure calculated and presented in accordance with IFRS, or are calculated using financial measures that are not calculated in accordance with IFRS. These non-GAAP measures include &#8220;Adjusted Net
      Revenue&#8221;, &#8220;Adjusted EBITDA&#8221; and &#8220;Adjusted spot time charter equivalent per day&#8221;. The Company believes that these non-GAAP measures provide useful supplemental information for its investors and, when considered together with the Company&#8217;s IFRS
      financial measures and the reconciliation to the most directly comparable IFRS financial measure, provide a more complete understanding of the factors and trends affecting the Company&#8217;s operations. In addition, DHT&#8217;s management measures the financial
      performance of the Company, in part, by using these non-GAAP measures, along with other performance metrics. The Company does not regard these non-GAAP measures as a substitute for, or as superior to, the equivalent measures calculated and presented
      in accordance with IFRS. Additionally, these non-GAAP measures may not be comparable to other similarly titled measures used by other companies and should not be considered in isolation or as a substitute for analysis of the Company&#8217;s operating
      results as reported under IFRS.</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z21759e5600224016ba536525290856c3">

          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(255, 255, 255);">USD in thousands except time charter equivalent per day</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; background-color: #244062; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid; border-top: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q3 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q1 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2024</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; background-color: #244062; border-right: #808080 2px solid; border-top: #808080 2px solid;">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2023</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Reconciliation of adjusted net revenue</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Shipping revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">130,768</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">141,125</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">150,066</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">145,876</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">142,292</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">567,835</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">556,075</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Voyage expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(45,233)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(48,484)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(46,370)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(39,537)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(47,771)</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(179,623)</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(165,667)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Adjusted net revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">85,535</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">92,641</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">103,696</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">106,339</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">94,521</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">388,212</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">390,408</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Reconciliation of adjusted EBITDA</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Profit/(loss) after tax</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">54,711</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">35,189</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">44,489</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">47,072</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">35,308</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">181,460</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">161,397</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Income tax expense</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">194</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">79</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">129</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">206</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">226</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">608</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">649</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Other financial (income)/expenses</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">445</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">719</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">470</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">454</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">599</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,088</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">1,984</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Fair value (gain)/loss on derivative financial liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">504</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Interest expense</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">6,384</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">7,318</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">7,921</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">8,775</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">9,194</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">30,399</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">33,061</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Interest income</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(857)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(1,035)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(935)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(1,091)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(908)</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(3,918)</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(4,485)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Reversal of previous impairment charges</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(27,909)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(27,909)</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160;&#160; <br>
              </div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Depreciation and amortization</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">27,621</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">28,135</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">27,878</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">28,250</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">28,475</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">111,884</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">108,902</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Adjusted EBITDA</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">60,588</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">70,406</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">79,953</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">83,666</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">72,894</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">294,612</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">302,012</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Reconciliation of adjusted spot time charter equivalent per day*</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-right: 2px solid rgb(53, 155, 138);">
              <div style="color: rgb(0, 0, 0);">Spot time charter equivalent per day</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-right: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">38,200</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">43,700</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">52,700</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">54,000</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">43,600</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">47,200</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">51,200</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">IFRS 15 impact on spot time charter equivalent per day**</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">200</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom; border-left: #359B8A 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(2,800)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(1,500)</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">400</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">2,700</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">(900)</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0);">300</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 44%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Adjusted spot time charter equivalent per day</div>
            </td>
            <td nowrap="nowrap" style="width: 8.28%; vertical-align: bottom; border-left: #359B8A 2px solid; border-right: #359B8A 2px solid; border-bottom: #359B8A 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">38,400</div>
            </td>
            <td nowrap="nowrap" style="width: 8.19%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">40,900</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">51,200</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">54,400</div>
            </td>
            <td nowrap="nowrap" style="width: 8.27%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">46,300</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">46,300</div>
            </td>
            <td nowrap="nowrap" style="width: 7.93%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">51,500</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;">*<font style="font-size: 10pt;">&#160;</font>Per revenue days. Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or
      chartered by the Company less days on which a vessel is off hire.</div>
    <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;">** For vessels operating on spot charters, voyage revenues are calculated on a discharge-to-discharge basis. Under IFRS 15, spot charter voyage revenues are calculated on a
      load-to-discharge basis. IFRS 15 impact refers to the timing difference between discharge-to-discharge and load-to-discharge basis.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">EARNINGS CONFERENCE CALL AND WEBCAST INFORMATION</div>
    <div><font style="color: rgb(0, 0, 0);">The Company will host a conference call </font>and webcast, which will include a slide presentation,<font style="color: rgb(0, 0, 0);"> at 8:00 a.m. ET/14:00 CET on Thursday, February 6, 2025,</font><font style="font-weight: bold; color: rgb(0, 0, 0);">&#160;</font><font style="color: rgb(0, 0, 0);">to discuss the results for the quarter.</font></div>
    <div><br>
    </div>
    <div>To access the conference call the participants are required to register using this link:</div>
    <div style="color: rgb(0, 0, 255);"><u>https://register.vevent.com/register/BI13832ee3e7a4453cbf78db11ac46aaf1</u></div>
    <div><br>
    </div>
    <div>Upon registering, each participant will be provided with participant dial-in numbers, and a unique personal PIN. Participants will need to use the conference access information provided in the e-mail received at the point of registering.
      Participants may also use the Call Me feature instead of dialing the nearest dial-in number.</div>
    <div><br>
    </div>
    <div>The webcast, which will include a slide presentation, will be available on the following link:</div>
    <div><font style="color: rgb(0, 0, 255);"><u>https://edge.media-server.com/mmc/p/z39za5n6</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>.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">A recording of the audio and slides presented will be available until February 13, 2025, at 14:00 CET. The recording can be accessed through the following link: </font><font style="color: rgb(0, 0, 255);"><u>https://edge.media-server.com/mmc/p/z39za5n6</u></font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">ABOUT DHT HOLDINGS, INC.</div>
    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">DHT is an independent crude oil tanker company. Our fleet trades </font>internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated
      management companies in Monaco, Norway, Singapore, and India.&#160;You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital
      structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital
      allocation; and our transparent corporate structure maintaining a high level of integrity and good governance. <font style="color: rgb(0, 0, 0);">For further information please visit </font><font style="color: rgb(0, 0, 255);"><u>http://www.dhtankers.com</u></font><font style="color: rgb(0, 0, 0);">.</font></div>
    <div><br>
    </div>
    <div style="font-weight: bold;">FORWARD LOOKING STATEMENTS</div>
    <div style="text-align: justify;">This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions
      and beliefs about future events. 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 20, 2024.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required
      by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company's actual results could differ materially from those anticipated in these forward-looking
      statements.</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);"><font style="font-weight: bold;">CONTACT</font>:</div>
    <div style="color: rgb(0, 0, 0);">Laila C. Halvorsen, CFO</div>
    <div style="color: rgb(0, 0, 0);">Phone: +1 441 295 1422 and +47 984 39 935</div>
    <div><font style="color: rgb(0, 0, 0);">E-mail:</font><font style="color: rgb(0, 0, 255);">&#160;<u>lch@dhtankers.com</u></font></div>
    <div><font style="color: rgb(0, 0, 255);"><u> <br>
        </u></font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <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 style="text-align: center; font-size: 18pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">AS OF DECEMBER 31, 2024</div>
  </div>
  <div> <br>
  </div>
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  </div>
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  </div>
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  </div>
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  </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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
    <div class="BRPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
  </div>
  <div>
    <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</u></div>
    <div style="text-align: center;">($ in thousands)</div>
  </div>
  <div> <br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zc05b873af8954f0b8faa8aec866c606f">

        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">December 31, 2024 </div>
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">(Unaudited)</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">December 31, 2023</div>
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">(Audited)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-weight: bold;">ASSETS</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
            <div style="color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
            <div style="color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Current assets</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Cash and cash equivalents</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">78,143</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">74,738</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Accounts receivable and accrued revenues</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">7</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">53,715</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">75,848</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Capitalized voyage expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,450</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">2,549</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Prepaid expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">7,200</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">13,557</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Inventories</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">37,688</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">33,806</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Asset held for sale</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">22,693</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total current assets</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">201,889</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">200,498</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="font-style: italic; font-weight: bold;">Non-current assets</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Vessels</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,185,576</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,283,710</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Advances for vessels under construction</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">93,178</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Advances for vessel upgrades</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">10</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Other property, plant and equipment</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">4,589</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">6,649</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Goodwill</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,356</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,356</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total non-current assets</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,284,698</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,291,725</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL ASSETS</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,486,587</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,492,223</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-weight: bold;">LIABILITIES AND EQUITY</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Current liabilities</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Accounts payable and accrued expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">23,436</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">20,493</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Current portion long-term debt</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">4</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">78,649</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">30,300</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Other current liabilities</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,389</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,418</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Deferred shipping revenues</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">8</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">6,139</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">4,394</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total current liabilities</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">109,613</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">56,605</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Non-current liabilities</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Long-term debt</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">4</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">330,775</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">398,425</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Other non-current liabilities</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">3,497</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">5,527</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total non-current liabilities</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">334,273</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">403,952</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL LIABILITIES</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">443,886</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">460,557</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Equity</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Common stock at par value</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">6</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,600</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,610</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Additional paid-in capital</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,217,651</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,228,254</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Accumulated deficit</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(186,321)</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">(206,477)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Translation differences</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">39</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">201</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Other reserves</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">5,273</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">3,566</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Total equity attributable to the Company</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,038,242</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,027,153</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Non-controlling interest</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">4,459</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">4,513</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total equity</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,042,701</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,031,667</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 43%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">TOTAL LIABILITIES AND EQUITY</div>
          </td>
          <td nowrap="nowrap" style="width: 6.9%; vertical-align: bottom; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,486,587</div>
          </td>
          <td nowrap="nowrap" style="width: 4.81%; vertical-align: bottom; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">1,492,223</div>
          </td>
        </tr>

    </table>
  </div>
  <div> <br>
  </div>
  <div>
    <div style="text-align: center; font-style: italic;">The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements</div>
  </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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
    <div class="BRPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
  </div>
  <div>
    <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)</u></div>
    <div style="text-align: center;">($ in thousands, except shares and per share amounts)</div>
  </div>
  <div> <br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z37ce3fc022124bfc91409de7994f17fd">

        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q4 2024</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q4 2023</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">12 months 2024</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; background-color: #244062; border-right: #808080 2px solid; border-top: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">12 months 2023</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 11.85%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Oct. 1 - Dec. 31, 2024</div>
          </td>
          <td style="width: 12.44%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Oct. 1 - Dec. 31, 2023</div>
          </td>
          <td style="width: 12.21%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Dec. 31, 2024</div>
          </td>
          <td style="width: 11.97%; vertical-align: bottom; background-color: #244062; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Dec. 31, 2023</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Shipping revenues</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">130,768</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;142,292</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;567,835</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">556,075</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Other revenues</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">623</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1,084</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">3,938</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;4,481</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total revenues</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">3</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">131,391</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">&#160;143,376</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">&#160;571,773</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">560,556</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Operating expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Voyage expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(45,233)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(47,771)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(179,623)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(165,667)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Vessel operating expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(19,980)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(18,718)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(78,594)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(75,429)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Depreciation and amortization</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(27,621)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(28,475)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(111,884)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(108,902)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Reversal of previous impairment charges</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">27,909</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;27,909</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;-&#160;&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">General and administrative expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(5,589)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(3,993)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(18,944)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(17,448)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total operating expenses</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">&#160;(70,515)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">(98,957)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">&#160;(361,136)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(367,447)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Operating (loss)/ income</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">60,876</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;44,419</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;210,637</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">193,110</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Interest income</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">857</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;908</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">3,918</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;4,485</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Interest expense</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(6,384)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(9,194)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(30,399)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(33,061)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Fair value gain/(loss) on derivative financial liabilities</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;- &#160; &#160;&#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160; &#160;&#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">-&#160; &#160; &#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(504)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Other financial (expense)/income</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(445)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(599)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(2,088)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(1,984)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Profit/(loss) before tax</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">54,905</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;35,534</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;182,069</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">162,046</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Income tax expense</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(194)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(226)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(608)</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(649)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Profit/(loss) after tax</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">54,711</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">&#160;35,308</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">&#160;181,460</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-weight: bold;">161,397</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Attributable to owners of non-controlling interest</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(224)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(53)</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;84</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right;">43</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Attributable to the owners of parent</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">54,935</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;35,361</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;181,377</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">161,353</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Attributable to the owners of parent</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Basic earnings/(loss) per share</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.34</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.22</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1.12</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.99</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Diluted earnings/(loss) per share</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.34</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.22</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">1.12</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">0.99</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Weighted average number of shares (basic)</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom;">
            <div style="text-align: right;">161,272,556</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom;">
            <div style="text-align: right;">160,999,542</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom;">
            <div style="text-align: right;">161,354,507</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid;">
            <div style="text-align: right;">162,178,499</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Weighted average number of shares (diluted)</div>
          </td>
          <td nowrap="nowrap" style="width: 5.03%; vertical-align: bottom; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 11.85%; vertical-align: bottom; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">161,347,445</div>
          </td>
          <td nowrap="nowrap" style="width: 12.44%; vertical-align: bottom; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">161,206,487</div>
          </td>
          <td nowrap="nowrap" style="width: 12.21%; vertical-align: bottom; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">161,441,782</div>
          </td>
          <td nowrap="nowrap" style="width: 11.97%; vertical-align: bottom; border-right: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right;">162,356,735</div>
          </td>
        </tr>

    </table>
  </div>
  <div> <br>
  </div>
  <div>
    <div style="text-align: center; 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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)</u></div>
      <div style="text-align: center;">($ in thousands)</div>
    </div>
  </div>
  <div><br>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zba73a446c8cb4bcf864353a6c8c7dc4d">

        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q4 2024</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q4 2023</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">12 months 2024</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">12 months 2023</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Oct. 1 - Dec. 31, 2024</div>
          </td>
          <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Oct. 1 - Dec. 31, 2023</div>
          </td>
          <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Dec. 31, 2024</div>
          </td>
          <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Dec. 31, 2023</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Profit/(loss) after tax</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">54,711</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;35,308</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">181,460</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">161,397</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Other comprehensive income/(loss):</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic;">Items that will not be reclassified subsequently to income statement:</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Remeasurement of defined benefit obligation (loss)</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">176</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(494)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">176</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">(494)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Total</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">176</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(494)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">176</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">(494)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-style: italic;">Items that may be reclassified subsequently to income statement:</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Exchange gain/(loss) on translation of foreign currency</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">denominated associate and subsidiary</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">(544)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">277</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(300)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">115</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Total</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(544)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">277</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(300)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">115</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Other comprehensive income/(loss)</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(368)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(217)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(124)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">(380)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total comprehensive income/(loss) for the period</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">54,343</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;35,090</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">181,336</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">161,017</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Attributable to owners of non-controlling interest</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(478)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;92</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0);">(54)</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">95</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0);">Attributable to the owners of parent</div>
          </td>
          <td nowrap="nowrap" style="width: 5%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0);">$</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">54,820</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">&#160;34,999</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">181,390</div>
          </td>
          <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0);">160,922</div>
          </td>
        </tr>

    </table>
    <div>
      <div style="text-align: center; font-style: italic;"> <br>
      </div>
      <div style="text-align: center; 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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div>
        <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED</u>)</div>
        <div style="text-align: center;">($ in thousands)</div>
        <div style="text-align: center;"> <br>
        </div>
      </div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z8b23e84905dd4f2e9f73416d8a4cf4df">

          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom; background-color: #244062; border-top: #808080 2px solid;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q4 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Q4 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">12 months 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">12 months 2023</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom; background-color: #244062;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Note</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Oct. 1 - Dec. 31, 2024</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Oct. 1 - Dec. 31, 2023</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Dec. 31, 2024</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Jan. 1 - Dec. 31, 2023</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">54,711</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">35,308</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">181,460</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">161,397</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Items included in net income not affecting cash flows</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">1,760</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">29,853</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">90,903</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">114,903</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Depreciation and amortization</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">27,621</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">28,475</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">111,884</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">108,902</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Reversal of previous impairment charges</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">5</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(27,909)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(27,909)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Amortization of deferred debt issuance cost</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">633</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">749</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">2,628</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">2,972</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">(Gain) / loss, disposal of property, plant and equipment</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">18</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Fair value (gain)/loss on derivative financial instruments</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; text-align: right;"> -&#160;&#160;&#160; </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; </div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; </div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">504</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Compensation related to options and restricted stock</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">1,392</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">650</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">4,290</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">3,233</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Net foreign exchange differences</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">23</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;(21)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">10</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;(32)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="text-indent: 8pt; color: rgb(0, 0, 0); font-style: italic;">(Gain) / loss modification of debt</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(693)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Income adjusted for non-cash items</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">56,472</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">65,161</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">272,364</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">276,300</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Changes in operating assets and liabilities</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">9,314</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;(22,894)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">26,290</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-weight: bold;">&#160;(24,889)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Accounts receivable and accrued revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">4,838</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(20,164)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">22,133</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(16,383)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">398</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">268</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">99</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">250</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">5,800</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(4,535)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">6,358</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(3,007)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(645)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(2,298)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">32</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(4,937)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Deferred shipping revenues</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">3,427</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">1,745</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">222</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="color: rgb(255, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(4,389)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">3,977</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(3,882)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(738)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-style: italic;">Pension liability</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="color: rgb(255, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(114)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(143)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(195)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic;">(295)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Net cash provided by operating activities</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">65,786</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">42,267</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">298,654</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">251,411</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">CASH FLOW FROM INVESTING ACTIVITIES</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Investment in vessels</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">(54)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(2,185)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(6,687)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(128,081)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Investment in vessels under construction</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(12,858)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160; -&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(90,196)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;-&#160;&#160;&#160; <br>
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            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Proceeds from sale of derivatives</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">-&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">3,256</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Investment in other property, plant and equipment</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">(80)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">(17)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(149)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(152)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Net cash used in investing activities</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(12,992)</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(2,202)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(97,032)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(124,977)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
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            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom; background-color: #359B8A; border-bottom: #808080 2px solid;">
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            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; background-color: rgb(53, 155, 138); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(255, 255, 255);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">6</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(35,522)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(30,590)</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(161,396)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(186,672)</div>
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          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
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            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">-&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">-&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;-&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(590)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Repayment principal element of lease liability</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(357)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(342)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(1,390)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(1,424)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Issuance of long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">4</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">10,000</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">23,950</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">85,000</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">339,633</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Purchase of treasury shares</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">6</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(13,196)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">-&#160;&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(13,196)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(18,808)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Scheduled repayment of long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(8,838)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(8,838)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(32,927)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(24,427)</div>
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          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Prepayment of long-term debt</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">4</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(23,715)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(74,000)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(68,715)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Repayment of long-term debt refinancing</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;-&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;-&#160;&#160;&#160; <br>
              </div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;-&#160;&#160;&#160; <br>
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            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(216,761)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Net cash used in financing activities</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
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            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
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            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(47,913)</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(39,535)</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(197,908)</div>
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            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;(177,763)</div>
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          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Net (decrease)/increase in cash and cash equivalents</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4,880</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;529</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">3,713</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;(51,329)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Net foreign exchange difference</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(566)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;289</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;(308)</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;119</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Cash and cash equivalents at beginning of period</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">73,829</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">73,920</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">74,738</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">125,948</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Cash and cash equivalents at end of period</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">78,143</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">74,738</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">78,143</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">74,738</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Specification of items included in operating activities:</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right; color: rgb(0, 0, 0);">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Interest paid</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">7,872</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">8,919</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">31,257</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom;">
              <div style="text-align: right;">29,480</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 45%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0);">Interest received</div>
            </td>
            <td nowrap="nowrap" style="width: 4.97%; vertical-align: bottom; border-bottom: #808080 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">1,561</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">1,855</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">3,842</div>
            </td>
            <td nowrap="nowrap" style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: right;">5,076</div>
            </td>
          </tr>

      </table>
    </div>
    <br>
  </div>
  <div>
    <div style="text-align: center; font-style: italic;">The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements</div>
  </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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
    <div class="BRPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
  </div>
  <div>
    <div style="text-align: center; font-weight: bold;"><u>SUMMARY CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)</u></div>
    <div style="text-align: center;">($ in thousands, except shares)</div>
  </div>
  <div> <br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z8934a46b9ccd4ab4a5e109db9b82b80c">

        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Paid-in</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; background-color: #244062;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; background-color: #244062;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Non-</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Additional</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Treasury</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Accumulated</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; background-color: #244062;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Translation</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Other</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; background-color: #244062;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Controlling</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Total</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Note</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Shares</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Amount</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Capital</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Shares</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Deficit</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Differences</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Reserves</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Interest</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">Equity</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">Balance at January 1, 2023</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">162,653,339</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">1,627</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">1,243,754</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">-&#160;&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(180,664)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; border-top: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">138</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">3,623</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; border-top: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">5,008</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">1,073,486</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Profit/(loss) after tax</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">161,353</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">43</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;161,397</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Other comprehensive income/(loss)</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(494)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">63</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">52</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(380)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Total comprehensive income/(loss)</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">160,859</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-size: 8pt;">63</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-size: 8pt;">95</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;161,017</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Cash dividends declared and paid</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(186,672)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;(590)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(187,262)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Purchase of treasury shares</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">6</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(18,808)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(18,808)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Retirement of treasury shares</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">6</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(2,209,927)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(22)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(18,786)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;18,808</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="font-size: 8pt;">Compensation related to options and restricted stock</div>
          </td>
          <td style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">556,130</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">6</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">3,285</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;(57)</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">3,233</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">Balance at December 31, 2023</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">160,999,542</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">1,610</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">1,228,254</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">-&#160;&#160;&#160;&#160;&#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">(206,477)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">201</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">3,566</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">4,513</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">1,031,667</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">Balance at January 1, 2024</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">160,999,542</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">1,610</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">1,228,254</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">-&#160;&#160;&#160;&#160;&#160; </div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(206,477)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; border-top: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">201</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">3,566</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; border-top: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">4,513</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">1,031,667</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Profit/(loss) after tax</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">181,377</div>
          </td>
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            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">84</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;181,460</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Other comprehensive income/(loss)</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">176</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(162)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;(138)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(124)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Total comprehensive income/(loss)</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
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          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
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          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">181,552</div>
          </td>
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            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-size: 8pt;">(162)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; font-size: 8pt;">&#160;(54)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; font-size: 8pt;">&#160;181,336</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Cash dividends declared and paid</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(161,396)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(161,396)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Purchase of treasury shares</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">6</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(13,196)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
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          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(13,196)</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt;">Retirement of treasury shares</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;">6</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(1,481,383)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(15)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">(13,181)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">&#160;13,196</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
            <div style="font-size: 8pt;">Compensation related to options and restricted stock</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">464,945</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">5</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">2,578</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">1,707</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt;">4,290</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">Balance at December 31, 2024</div>
          </td>
          <td nowrap="nowrap" style="width: 4%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">6</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">159,983,104</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">1,600</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">1,217,651</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">-&#160; &#160;&#160; <br>
            </div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">(186,321)</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.15%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">39</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">5,273</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6.01%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">4,459</div>
          </td>
          <td nowrap="nowrap" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">&#160;$</div>
          </td>
          <td nowrap="nowrap" style="width: 6%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
            <div style="text-align: right; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">1,042,701</div>
          </td>
        </tr>

    </table>
  </div>
  <div> <br>
  </div>
  <div>
    <div style="text-align: center; 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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;"><u>NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</u></div>
      <div style="text-align: center; font-weight: bold;"><u>FOR THE PERIOD ENDED DECEMBER 31, 2024</u></div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Note 1 &#8211; General information</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">DHT Holdings, Inc. (&#8220;DHT&#8221; or the &#8220;Company&#8221;) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company&#8217;s principal
        executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company is engaged in the ownership and operation of a fleet of crude oil carriers.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The unaudited interim condensed consolidated financial statements were approved by the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) on February 4, 2025, and authorized for issue on February 5,
        2025.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Note 2 &#8211; General accounting principles</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The interim condensed consolidated financial statements do not include all information and disclosures required in the annual financial statements and should be read in conjunction with DHT&#8217;s
        audited consolidated financial statements included in its Annual Report on Form 20-F for 2023. The interim results are not necessarily indicative of the results for the entire year or for any future periods.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The interim condensed consolidated financial statements have been prepared in accordance with IAS 34 &#8220;Interim Financial Reporting&#8221; as issued by the International Accounting Standards Board
        (&#8220;IASB&#8221;).</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The interim condensed consolidated financial statements have been prepared on a historical cost basis. The accounting policies applied in these condensed consolidated interim financial statements
        are consistent with those presented in the 2023 audited consolidated financial statements.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">These interim condensed consolidated financial statements have been prepared on a going concern basis.</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0); font-style: italic;"><u>Vessels under construction - pre-delivery installments</u></div>
      <div style="color: rgb(0, 0, 0);">The initial pre-delivery installments made for vessels are recorded in the statement of financial position as &#8220;Advances for vessels under construction&#8221; under Non-current assets. Vessels under construction are
        presented at cost less identified impairment charges, if any. Costs relating to vessels under construction include pre-delivery installments to the shipyard and other vessel costs incurred during the construction period that are directly
        attributable to construction of the vessels, including borrowing costs, if any, incurred during the construction</div>
      <div style="color: rgb(0, 0, 0);">period.</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0); font-style: italic;"><u>Vessels held for sale</u></div>
      <div style="color: rgb(0, 0, 0);">Vessels are classified separately as held for sale as part of current assets in the statement of financial position when their carrying amount will be recovered through a sale of transaction rather than continuing
        use. For this to be the case, the asset must be available for immediate sale in its present condition and its sale must be highly probable. For the sale to be highly probable, the appropriate level of management must be committed to a plan to sell
        the asset, and an active program to locate a buyer and complete the plan must have been initiated. Further, the asset must be actively marketed for sale at a price that is reasonable in relation to its current fair value. In addition, the sale
        should be expected to qualify for recognition as a completed sale within one year from the date of classification. Vessels classified as held for sale are measured at the lower of their carrying amount and fair value less cost to sell. Vessels
        classified as held for sale are not depreciated or amortized once classified as held for sale.</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0); font-style: italic;"><u>Application of new and revised International Financial Reporting Standards (&#8220;IFRSs&#8221;)</u></div>
      <div style="text-align: justify;">New and amended standards and interpretations that are issued are disclosed <font style="color: rgb(0, 0, 0);">below.</font></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="zacdf18c444ca481481060a8b6470515c">

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

        </table>
      </div>
      <div style="margin-left: 17pt; color: rgb(0, 0, 0);">The amendments affect only the presentation of liabilities as current or non-current in the statement of financial position and not the amount or timing of recognition of any asset, liability,
        income or expense, or the information disclosed about those items. The amendments are effective for annual periods beginning on or after January 1, 2024. The Company has adopted the amendments to IAS 1 and these amendments have no impact on the
        presentation of the Company&#8217;s 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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Note 3 &#8211; Segment reporting</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">DHT&#8217;s primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. The Company is organized and managed as one segment based
        on the nature and financial effects of the business activities in which it engages and the economic environment in which it operates. The consolidated operating results are regularly reviewed by the Company&#8217;s chief operating decision maker, the
        President &amp; Chief Executive Officer, and the Company does not monitor performance by geographical areas.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The below table details the Company&#8217;s total revenues:</div>
      <div style="text-align: justify; color: rgb(0, 0, 0);"> <br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">
        <div>
          <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="background-color: #254061; border-left: 2px solid; border-top: 2px solid #000000; vertical-align: top; width: 50.42%;">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">$ in thousands</div>
                </td>
                <td style="background-color: #254061; border-top: 2px solid #000000; vertical-align: top; width: 1.73%;">&#160;</td>
                <td style="background-color: #254061; border-top: 2px solid #000000; vertical-align: top; width: 11.96%;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4 2024</div>
                </td>
                <td style="background-color: #254061; border-top: 2px solid #000000; vertical-align: top; width: 11.96%;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q4 2023</div>
                </td>
                <td style="background-color: #254061; border-top: 2px solid #000000; vertical-align: top; width: 11.96%;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2024</div>
                </td>
                <td style="background-color: #254061; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: top; width: 11.96%;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2023</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50.42%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0);">Time charter revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
                </td>
                <td style="width: 1.73%; vertical-align: top;">&#160;</td>
                <td style="width: 11.96%; vertical-align: top; text-align: right;">
                  <div style="color: rgb(0, 0, 0);">24,067</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; text-align: right;">
                  <div style="color: rgb(0, 0, 0);">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 16,650</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; text-align: right;">
                  <div style="color: rgb(0, 0, 0);">82,640</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">&#160;&#160;&#160; 74,989</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50.42%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0);">Voyage charter revenues</div>
                </td>
                <td style="width: 1.73%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 11.96%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">106,701</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;125,643</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 485,195</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">481,087</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50.42%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">Shipping revenues</div>
                </td>
                <td style="width: 1.73%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 11.96%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">130,768</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;142,292</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">567,835</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">556,075</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50.42%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0);">Other revenues<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td style="width: 1.73%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 11.96%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">623<br>
                  </div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,084</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; text-align: right;">
                  <div style="color: rgb(0, 0, 0);">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,938</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0);">&#160;&#160;&#160;&#160;&#160;&#160; 4,481</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50.42%; vertical-align: top; background-color: rgb(192, 192, 192); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">Total revenues</div>
                </td>
                <td style="width: 1.73%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 11.96%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">131,391</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;143,376</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 571,773</div>
                </td>
                <td style="width: 11.96%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); text-align: right;">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 560,556</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Time charter revenues is presented in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management
        services, equaling $5.3 million in the fourth quarter of 2024, $3.9 million in the fourth quarter of 2023, $18.4 million in 2024 and $19.0 million in 2023, is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.</div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>Other revenues mainly relate to technical management services provided.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">As of December 31, 2024, the Company had 24 vessels in operation; seven vessels were on time charters and 17 vessels operating in the spot market.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic;"><u>Information about major customers:</u></div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from October 1, 2024, to December 31, 2024, five customers represented $33.6 million, $28.2 million, $10.2 million, $7.1 million, and $5.1 million, respectively, of the Company&#8217;s
        shipping revenues. The five customers in aggregate represented $84.2 million, equal to 64 percent of the shipping revenues of $130.8 million for the period from October 1, 2024, to December 31, 2024.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from January 1, 2024, to December 31, 2024, five customers represented $113.1 million, $98.6 million, $72.5 million, $40.4 million, and $24.2 million, respectively, of the
        Company&#8217;s total revenues. The five customers in aggregate represented $348.8 million, equal to 61 percent of the shipping revenues of $567.8 million for the period from January 1, 2024, to December 31, 2024.</div>
      <div><br>
      </div>
      <div>
        <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from October 1, 2023, to December 31, 2023, five customers represented $26.6 million, $24.6 million, $19.4 million, $10.2 million, and $8.4 million, respectively, of the
          Company&#8217;s shipping revenues. The five customers in aggregate represented $89.2 million, equal to 63 percent of the shipping revenues of $142.3 million for the period from October 1, 2023, to December 31, 2023.</div>
        <div><br>
        </div>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">For the period from January 1, 2023, to December 31, 2023, five customers represented $87.4 million, $84.5 million, $71.3 million, $57.6 million, and $39.7 million, respectively, of the Company&#8217;s
        total revenues. The five customers in aggregate represented $340.5 million, equal to 61 percent of the shipping revenues of $556.1 million for the period from January 1, 2023, to December 31, 2023.</div>
      <div style="text-align: justify; color: rgb(0, 0, 0);"> <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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; font-weight: bold;">Note 4 &#8211; Interest bearing debt</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0);">As of December 31, 2024, DHT had interest bearing debt totaling $409.4 million.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Scheduled debt repayments</div>
      <div style="text-align: justify;">
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z27ad1c4f439248feaaf572b388a7ef45">

              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" colspan="2" rowspan="1" style="vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Interest</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-top: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q1</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2-Q4</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                  <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                  <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                  <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="color: rgb(255, 255, 255);">$ in thousands</div>
                </td>
                <td nowrap="nowrap" colspan="2" rowspan="1" style="vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; rate</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Maturity</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2025</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2025</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2026</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">2027</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Thereafter</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-right: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Total</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                  <div>Credit Agricole Credit Facility</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">SOFR +</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                  <div style="text-align: right;">2.05%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">2028</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom;">
                  <div style="text-align: right;">625</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom;">
                  <div style="text-align: right;">1,875</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">2,500</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">2,500</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">25,000</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right;">&#160;32,500</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                  <div>Danish Ship Finance Credit Facility <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">SOFR +</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                  <div style="text-align: right;">2.00%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">2025</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom; text-align: right;"> -&#160;&#160;&#160; <br>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom;">
                  <div style="text-align: right;">26,693</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">-&#160;&#160;&#160; </div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">- &#160;&#160; <br>
                  </div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">-&#160; &#160; <br>
                  </div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right;">&#160;26,693</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                  <div>ING Credit Facility <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">SOFR +</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                  <div style="text-align: right;">1.90%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">2029</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom;">
                  <div style="text-align: right;">6,250</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom;">
                  <div style="text-align: right;">18,750</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">25,000</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">25,000</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">146,150</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right;">&#160;221,150</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                  <div>ING Credit Facility</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">SOFR +</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                  <div style="text-align: right;">1.80%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">2029</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom;">
                  <div style="text-align: right;">750</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom;">
                  <div style="text-align: right;">2,250</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">3,000</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">3,000</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">32,250</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right;">&#160;41,250</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                  <div>Nordea Credit Facility <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">SOFR + CAS<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> +</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                  <div style="text-align: right;">1.90%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">2027</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom;">
                  <div style="text-align: right;">5,929</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom;">
                  <div style="text-align: right;">17,786</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">23,715</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">46,091</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">-&#160; &#160; <br>
                  </div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right;">&#160;93,521</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="font-weight: bold;">Total</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">13,554</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">67,354</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">54,215</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">76,591</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">203,400</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; font-weight: bold;">&#160;415,114</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                  <div>Unamortized upfront fees bank loans</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div>&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom;">
                  <div>&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom;">
                  <div style="text-align: right;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom;">
                  <div style="text-align: right;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom;">
                  <div style="text-align: right;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom;">
                  <div style="text-align: right;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right;">&#160;&#160;(5,690)</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="font-weight: bold;">Total interest bearing debt</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 3%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.3%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.29%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8.5%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                  <div style="text-align: right; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: bottom; border-right: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                  <div style="text-align: right; font-weight: bold;">&#160;409,424</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Semiannual installment</div>
      <div style="font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> $40.1 mill. undrawn as of December 31, 2024</div>
      <div style="font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> $139.4 mill. undrawn as of December 31, 2024</div>
      <div style="font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> 3 months Credit Adjustment Spread (CAS) of 0.26%</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>ING Credit Facility</u></div>
      <div>In January 2023, the Company entered into a new $405&#160;million secured credit facility, including a $100&#160;million uncommitted incremental facility, with ING, Nordea, ABN AMRO, Credit Agricole, Danish Ship Finance and SEB, as lenders,&#160;ten&#160;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&#160;1.90% and is repayable in&#160;quarterly&#160;installments of $6.3&#160;million with maturity in
        January 2029.</div>
      <div><br>
      </div>
      <div>In the third quarter of 2023, the Company drew down $55 million under the revolving credit facility, which was applied towards the delivery of DHT Appaloosa and general corporate purposes. In the fourth quarter of 2023, the Company drew down $24
        million under the revolving credit facility which was subsequently repaid in January 2024. In the first quarter of 2024, the Company drew down $50 million under the revolving credit facility which was subsequently repaid in the same quarter. In the
        second quarter of 2024 and the fourth quarter of 2024, the Company drew down $25 million and $10 million, respectively, under the revolving credit facility which was used for installments under the newbuilding contracts.</div>
      <div><br>
      </div>
      <div>In September 2023, the Company entered into a $45 million senior secured credit facility under the incremental facility, with ING, Nordea, ABN AMRO, Danish Ship Finance and SEB, as lenders, one wholly owned special-purpose vessel-owning
        subsidiary as borrower, and DHT Holdings, Inc., as guarantor. Borrowings bear interest at a rate equal to SOFR plus a margin of 1.80% and is repayable in quarterly installments of $0.75 million with maturity in January 2029. The draw down of the
        $45 million senior secured credit facility was applied to repay the revolving credit facility.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;"><u>Credit Agricole Credit Facility</u></div>
      <div>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><br>
      </div>
      <div style="font-weight: bold;"><u>Danish Ship Finance Credit Facility</u></div>
      <div style="text-align: justify;">The credit facility is repayable in semiannual installments of $1.2 million and a final payment of $24.3 million in addition to the last installment in November 2025. In October 2023, we entered into an amended and
        restatement agreement in relation to the LIBOR cessation. The credit facility bears an interest rate equal to SOFR plus a margin of 2.00%.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Nordea Credit Facility</u></div>
      <div style="text-align: justify;">The credit facility is repayable in quarterly installments of $5.9 million from the first quarter of 2025, 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. In June 2023, we entered into an amended and restatement agreement in relation to the LIBOR cessation. The credit facility bears an interest rate equal
        to SOFR plus CAS plus a margin of 1.90%. In the fourth quarter of 2023, the Company prepaid $23.7 million under the Nordea Credit Facility. The voluntary prepayment was made for all regular installments for 2024.</div>
      <div style="text-align: justify;"> <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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; font-weight: bold;"><u>Covenant compliance</u></div>
      <div style="text-align: justify;">The Company's financial covenants as of December 31, 2024, are summarized as follows:</div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z517a1225d79744dd8bcdb12c8b68eefa">

            <tr>
              <td nowrap="nowrap" style="width: 24%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-left: 2px solid rgb(128, 128, 128); border-top: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(255, 255, 255);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">ING</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Agricole</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Danish Ship Finance</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-right: #A6A6A6 2px solid; border-top: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Nordea</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 24%; vertical-align: bottom; background-color: rgb(37, 64, 97); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(255, 255, 255);">&#160;</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: bottom; background-color: #254061; border-right: #A6A6A6 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Credit Facility</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0);">Security</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">11 VLCCs</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">1 VLCC</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">1 VLCC</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: middle; border-right: #A6A6A6 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0);">11 VLCCs</div>
              </td>
            </tr>
            <tr>
              <td style="width: 24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0);">Charter free market value of vessels that secure facility must be no less than</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle; border-right: #A6A6A6 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0);">135% of borrowings</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0);">Value adjusted* tangible net worth</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">$300 million and 25% of value adjusted total assets</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">$300 million and 25% of value adjusted total assets</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">$300 million and 25% of value adjusted total assets</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle; border-right: #A6A6A6 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0);">$300 million and 25% of value adjusted total assets</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0);">Unencumbered cash of at least</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $30 million or 6% of gross interest bearing debt</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $30 million or 6% of gross interest bearing debt</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $30 million or 6% of gross interest bearing debt</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle; border-right: #A6A6A6 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Higher of $30 million or 6% of gross interest bearing debt</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 24%; vertical-align: middle; background-color: rgb(217, 217, 217); border-left: 2px solid rgb(128, 128, 128); border-bottom: 2px solid rgb(128, 128, 128);">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Guarantor</div>
              </td>
              <td style="width: 18.66%; vertical-align: middle; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: middle; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: middle; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
              </td>
              <td nowrap="nowrap" style="width: 18.66%; vertical-align: middle; border-right: #A6A6A6 2px solid; border-bottom: #808080 2px solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">DHT Holdings, Inc.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; font-size: 8pt; font-style: italic;">*Value adjusted is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company's vessels (as determined quarterly by a
        broker approved by the financial institution)</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">As of December 31, 2024, the Company was in compliance with its financial covenants.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Note 5 &#8211; Vessels</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0);">The carrying values of the vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with changes in charter rates and the cost of
        constructing new vessels. Historically, both charter rates and vessel values have been cyclical. The carrying amounts of vessels held and used by us are reviewed for potential impairment or reversal of prior impairment charges whenever events or
        changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Vessels</u></div>
      <div style="font-weight: bold;">
        <div style="color: #000000; font-size: 8pt; font-style: italic;"><br>
        </div>
        <div style="color: #000000; font-size: 8pt; font-style: italic;">
          <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 80%;">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">Cost of Vessels</div>
                </td>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 20%;">
                  <div style="color: rgb(255, 255, 255);">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 80%;">
                  <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
                </td>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 20%;">
                  <div style="color: rgb(255, 255, 255);">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>At January 1, 2024</div>
                </td>
                <td style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">2,052,878</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>Transferred from vessels upgrades</div>
                </td>
                <td style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">6,624</div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192); font-weight: normal;">
                  <div>Transferred to asset held for sale</div>
                </td>
                <td rowspan="1" style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">(68,421)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>Retirement <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
                </td>
                <td style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">(8,339)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="font-weight: bold;">At December 31, 2024</div>
                </td>
                <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; font-weight: bold;">1,982,742</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top;">
                  <div>&#160;</div>
                </td>
                <td style="width: 20%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 80%;">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">Depreciation and amortization</div>
                </td>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 20%;">&#160;</td>
              </tr>
              <tr>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 80%;">
                  <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
                </td>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 20%;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>At January 1, 2024</div>
                </td>
                <td style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">769,168</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>Depreciation and amortization <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">109,974</div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>Transferred to asset held for sale</div>
                </td>
                <td rowspan="1" style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">(45,728)</div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">Reversal of previous impairment<br>
                </td>
                <td rowspan="1" style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">(27,909)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>Retirement <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
                </td>
                <td style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">(8,339)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="font-weight: bold;">At December 31, 2024</div>
                </td>
                <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; font-weight: bold;">797,166</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top;">
                  <div>&#160;</div>
                </td>
                <td style="width: 20%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 80%;">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">Carrying Amount</div>
                </td>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 20%;">&#160;</td>
              </tr>
              <tr>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 80%;">
                  <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
                </td>
                <td style="background-color: rgb(37, 64, 98); vertical-align: top; width: 20%;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192);">
                  <div>At January 1, 2024</div>
                </td>
                <td style="width: 20%; vertical-align: top;">
                  <div style="text-align: right;">1,283,710</div>
                </td>
              </tr>
              <tr>
                <td style="width: 80%; vertical-align: top; background-color: rgb(192, 192, 192); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="font-weight: bold;">
                    <div style="font-weight: bold;">At December 31, 2024</div>
                  </div>
                </td>
                <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; font-weight: bold;">1,185,576</div>
                </td>
              </tr>

          </table>
        </div>
        <u> </u></div>
      <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Relates to completed depreciation of drydocking for DHT Bauhinia, DHT Europe and DHT China.</div>
      <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup>Relates solely to depreciation of vessels, drydocking, and EGCS. Depreciation of office leases and other property, plant, and equipment represents an additional
        $1,911, which combined with the depreciation of vessels, drydocking, and EGCS comprises $111,884 thousand in depreciation and amortization.</div>
      <div style="color: rgb(0, 0, 0); font-size: 8pt; font-style: italic;"> <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-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="font-weight: bold;"><u>Reversal of previous impairment</u></div>
      <div>Based on continued strong market values and triggered by the sale of DHT Scandinavia in Q4 2024<font style="font-size: 8pt;">, </font>the Company identified indicators of reversal due to the increased estimated service potential for the vessels
        with previous impairments. According to IAS 36 <font style="font-style: italic;">Impairment of Assets</font>, the increased carrying amount of an asset attributable to a reversal of impairment loss shall not exceed the carrying amount that would
        have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. As a result, the Company reversed previous impairment charges totaling $27.9 million in Q4 2024, including $1.2 million
        related to DHT Scandinavia.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Advances for vessel upgrades</u></div>
      <div>Cost of advances for vessel upgrades relates to&#160;prepaid drydocking.</div>
      <div> <br>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">Cost of advances of vessel upgrades</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
                  <div style="color: rgb(0, 0, 0);">At January 1, 2024</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
                  <div style="text-align: right; color: rgb(0, 0, 0);">10</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
                  <div style="color: rgb(0, 0, 0);">Additions</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
                  <div style="text-align: right; color: rgb(0, 0, 0);">6,614</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
                  <div style="color: rgb(0, 0, 0);">Transferred to vessels</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
                  <div style="text-align: right; color: rgb(0, 0, 0);">(6,624)</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">
                    <div style="font-weight: bold;">
                      <div style="font-weight: bold;">At December 31, 2024</div>
                    </div>
                  </div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">-</div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
      </div>
      <div style="font-weight: bold;"><u>Advances for vessels under construction</u></div>
      <div>The Company has entered into agreements to build four large VLCCs, fitted with exhaust gas cleaning systems, expected to be delivered between February and July 2026. Two will be constructed at each Hyundai Samho Heavy Industries Co., Ltd.
        (&#8220;HHI&#8221;) and Hanwha Ocean Co., Ltd. (&#8220;Hanwha&#8221;) in South Korea. The average price for the four ships is $130 million, adjusted for change orders. As of December 31, 2024, the Company has paid $90.1 million related to the installments under its
        newbuilding program. In addition, the Company has capitalized $3.0 million as borrowing costs in connection with the financing of the vessels under construction, at an average interest rate of 7.2% p.a., and $0.1 million related to other directly
        attributable expenses.</div>
      <div><br>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">Cost of vessels under construction</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
                  <div style="color: rgb(0, 0, 0);">At January 1, 2024</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
                  <div style="text-align: right; color: rgb(0, 0, 0);">-&#160;&#160;&#160;&#160; <br>
                  </div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
                  <div style="color: rgb(0, 0, 0);">Additions</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
                  <div style="text-align: right; color: rgb(0, 0, 0);">93,178</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">
                    <div style="color: rgb(0, 0, 0); font-weight: bold;">
                      <div style="font-weight: bold;">
                        <div style="font-weight: bold;">At December 31, 2024</div>
                      </div>
                    </div>
                  </div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">93,178</div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
      </div>
      <div>The following table represents future expected payments related to the vessels under construction as of December 31, 2024:</div>
      <div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">Vessels under construction</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
                  <div style="color: rgb(0, 0, 0);">Within the next 12 months</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
                  <div style="text-align: right; color: rgb(0, 0, 0);">128,393</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
                  <div style="color: rgb(0, 0, 0);">From one year to three years</div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom;">
                  <div style="text-align: right; color: rgb(0, 0, 0);">301,312</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0); font-weight: bold;">
                    <div style="color: rgb(0, 0, 0); font-weight: bold;">
                      <div style="color: rgb(0, 0, 0); font-weight: bold;">
                        <div style="font-weight: bold;">
                          <div style="font-weight: bold;">At December 31, 2024*</div>
                        </div>
                      </div>
                    </div>
                  </div>
                </td>
                <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">429,705</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>*These are estimates only and are subject to change as construction progresses.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Asset held for sale</u></div>
      <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);">In December 2024, the Company agreed to the sale of DHT Scandinavia for a price of $43.4 million. DHT Scandinavia was delivered to its new owner on January 15, 2025. The vessel is
          presented as an asset held for sale as of December 31, 2024, and had a carrying value of $22.7 million on that date. </font>The vessel had no outstanding debt and the Company expects to book a gain of about $19.8 million in the first quarter of
        2025 related to the sale.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Note 6 &#8211; Stockholders&#8217; equity and dividend payment</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z80851d6fcbf8406bb7944373076441c5">

          <tr>
            <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: rgb(255, 255, 255);">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Common stock</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 80%; vertical-align: bottom;">
              <div>Issued at December 31, 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle;">
              <div style="text-align: right;">159,983,104</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 80%; vertical-align: bottom;">
              <div>Numbers of shares authorized for issue</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 80%; vertical-align: bottom;">
              <div>&#160;&#160;at December 31, 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle;">
              <div style="text-align: right;">250,000,000</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 80%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Par value</div>
            </td>
            <td nowrap="nowrap" style="width: 20%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">$ 0.01</div>
            </td>
          </tr>

      </table>
      <div><font style="font-size: 8pt; font-style: italic;"> </font><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">18</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;"><u>Common stock</u></div>
      <div style="color: rgb(0, 0, 0);">Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Stock repurchases</u></div>
      <div style="text-align: justify;">In the fourth quarter of 2024, the Company purchased 1,481,383 of its own shares in the open market for an aggregate consideration of $13.2 million, at an average price of $8.89. All shares were retired upon receipt.
        No stock repurchases were made in the first three quarters of 2024.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">In the third quarter of 2023, the Company purchased 1,137,583 of its own shares in the open market for an aggregate consideration of $9.9 million, at an average price of $8.72. All shares were
        retired upon receipt. In the second quarter of 2023, the Company purchased 1,072,344 of its own shares in the open market for an aggregate consideration of $8.9 million, at an average price of $8.25. All shares were retired upon receipt, of which
        251,879 shares, equivalent to $2.1 million in treasury shares, were retired in July 2023. No stock repurchases were made in the first quarter of 2023.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;"><u>Dividend payments</u></div>
      <div><br>
      </div>
      <div>Dividend payments made during 2024:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z9eafeebc478f49f297d7f9ce161a5d54">

          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Payment date</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="text-align: center; margin-left: 42.5pt; color: rgb(255, 255, 255); font-weight: bold;">Total Payment</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Per common share</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands, except per share amounts</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">&#160;</td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">November 29, 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 35,522</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.22</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">August 30, 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 43,595</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.27</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">May 31, 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; 46,786</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.29</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">February 28, 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; 35,492</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.22</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total payments made during 2024</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(128, 128, 128);">
              <div>$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; <font style="font-weight: bold;">161,</font><font style="font-weight: bold; color: rgb(0, 0, 0);">396</font></div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 1.00</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>Dividend payment made during 2023:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zaf32a2bb0b974f5296afb85c0e591562">

          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="color: rgb(255, 255, 255); font-weight: bold;">Payment date</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="text-align: center; margin-left: 42.5pt; color: rgb(255, 255, 255); font-weight: bold;">Total Payment</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="text-align: center; color: rgb(255, 255, 255); font-weight: bold;">Per common share</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(36, 64, 98);">
              <div style="color: rgb(255, 255, 255); font-style: italic;">$ in thousands, except per share amounts</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">&#160;</td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; background-color: rgb(36, 64, 98);">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">November 28, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 30,590</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.19</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">August 30, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 56,661</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.35</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">May 25, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 37,487</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.23</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217);">
              <div style="color: rgb(0, 0, 0);">February 24, 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 61,935</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0);">$&#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: 50%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total payments made during 2023</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 186,672</div>
            </td>
            <td nowrap="nowrap" style="width: 25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(128, 128, 128);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 1.15</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Note 7 &#8211; Accounts receivable and accrued revenues</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">As of December 31, 2024, $53.7 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 $75.8 million as of December 31, 2023.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Note 8 &#8211; Deferred shipping revenues</div>
      <div><br>
      </div>
      <div style="color: rgb(0, 0, 0);">Deferred shipping revenues relate to charter hire payments paid in advance. As of December 31, 2024, $6.1 million was recognized as deferred shipping revenues in the interim condensed consolidated statement of
        financial position, compared to $4.4 million as of December 31, 2023.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Note 9 - Financial risk management, objectives, and policies</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Note 9 in the 2023 annual report on Form 20-F provides details of financial risk management objectives and policies.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The Company&#8217;s principal financial liability consists of long-term debt with the main purpose being to partly finance the Company&#8217;s assets and operations. The Company&#8217;s financial assets mainly
        comprise cash.</div>
      <div style="text-align: justify; color: rgb(0, 0, 0);"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">19</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The Company 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-weight: bold;">Note 10 &#8211; Subsequent events</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">On February 4, 2025, the Board approved a dividend of $0.17 per common share related to the fourth quarter of 2024 to be paid on February 25, 2025, for shareholders of record as of February 18,
        2025.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">On January 15, 2025, DHT Scandinavia was delivered to its new owner. The vessel had no outstanding debt and the Company expects to book a gain of about $19.8 million in the first quarter of 2025
        related to the sale.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">In January 2025, the Company entered into a one-year time charter contract for DHT China, built 2007. The time charter contract has a rate of $40,000 per day. The vessel was delivered into the
        time charter contract in January.</div>
    </div>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">20</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
