-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 U1l3f+9/1+zcFSLgUmGwisFhCVyvbpfk7ZJnxMdty1ONwoU8/U1+V4MJRm8o5gw4
 5j29mZvl1dPiSROKGskBDA==

<SEC-DOCUMENT>0000919574-07-005749.txt : 20071207
<SEC-HEADER>0000919574-07-005749.hdr.sgml : 20071207
<ACCEPTANCE-DATETIME>20071207125022
ACCESSION NUMBER:		0000919574-07-005749
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071231
FILED AS OF DATE:		20071207
DATE AS OF CHANGE:		20071207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORDIC AMERICAN TANKER SHIPPING LTD
		CENTRAL INDEX KEY:			0001000177
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13944
		FILM NUMBER:		071291784

	BUSINESS ADDRESS:	
		STREET 1:		LOM BUILDING
		STREET 2:		27 REID STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		(441) 292-7202

	MAIL ADDRESS:	
		STREET 1:		LOM BUILDING
		STREET 2:		27 REID STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d836675_6-k.htm
<TEXT>
<html>

  <head>
    <title>d836675_6-k.htm</title>
<!-- Licensed to: Seward & Kissel LLP-->
<!-- Document Created using EDGARizer 4.0.1.0 -->
<!-- Copyright 2007 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff" style="MARGIN: 10%; TEXT-INDENT: 0pt"><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>Washington,
      D.C.&#160;&#160;20549</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>FORM
      6-K</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>REPORT
      OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES
      EXCHANGE ACT OF 1934</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">For
      the month of December 2007</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Commission
      File Number:&#160;&#160;001-13944</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif;"><strong>NORDIC
                AMERICAN TANKER SHIPPING LIMITED</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif;">(Translation
                of registrant&#8217;s name into English)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="77%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif;">LOM
                Building, 27 Reid Street, Hamilton, HM 11, Bermuda</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="77%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif;">(Address
                of principal executive office)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Indicate
      by check mark whether the registrant files or will file annual reports under
      cover of Form 20-F or Form 40-F.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Form
      20-F [X]&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40-F
      [&#160;&#160;]</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Indicate
      by check mark if the registrant is submitting the Form 6-K in paper as permitted
      by Regulation S-T Rule 101(b)(1): ___</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>Note:</strong>
      Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form
      6-K
      if submitted solely to provide an attached annual report to security
      holders.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Indicate
      by check mark if the registrant is submitting the Form 6-K in paper as permitted
      by Regulation S-T Rule 101(b)7: ___</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>Note:</strong>
      Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form
      6-K
      if submitted to furnish a report or other document that the registrant foreign
      private issuer must furnish and make public under the laws of the jurisdiction
      in which the registrant is incorporated, domiciled or legally organized (the
      registrant's "home country"), or under the rules of the home country exchange
      on
      which the registrant's securities are traded, as long as the report or other
      document is not a press release, is not required to be and has not been
      distributed to the registrant's security holders, and, if discussing a material
      event, has already been the subject of a Form 6-K submission or other Commission
      filing on EDGAR.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Indicate
      by check mark whether the registrant by furnishing the information contained
      in
      this Form is also thereby furnishing the information to the Commission pursuant
      to Rule 12g3-2(b) under the Securities Exchange Act of 1934.&#160;&#160;Yes
      [_]&#160;&#160;&#160;No [X]</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">If
      &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in
      connection with Rule 12g3-2(b):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">82-______________.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>INFORMATION
      CONTAINED IN THIS FORM 6-K REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Attached
      as Exhibit 1 is a copy of a letter to shareholders from Herbjorn Hansson,
      Chairman and CEO of Nordic American Tanker Shipping Limited, issued on December
      7, 2007.</font></div>
    <div><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif;">Exhibit
      1</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="nordic_logo.jpg" alt="logo"></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>Nordic
      American Tanker Shipping Ltd. (NAT)-(NYSE:NAT</strong>) <strong>Letter to
      Shareholders from the Chairman &amp; CEO</strong><strong>.</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Hamilton,
      Bermuda, December 7, 2007</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Letter
      to Shareholders from the Chairman &amp; CEO</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>TECHNICAL
      AND COMMERCIAL OPERATIONS CONSOLIDATED &#8211; STRATEGIC CONSIDERATIONS AND
      COMPETITIVE STRENGTHS AT THE END OF 2007</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Dear
      Shareholder,</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">When
      the year is drawing to a close, it is right for me to send you a letter wishing
      you all the best for the Holiday Season and commenting upon some pertinent
      aspects of our current business. NAT now has 14 double hull environmentally
      friendly suezmax tankers including two newbuildings to be delivered in 4Q09
      and
      1Q10.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>The
      market</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">We
      had a weak third quarter whilst there were signs that a rebound in spot tanker
      rates could be expected during the fourth quarter. It was no surprise to us
      that
      we have seen a strong increase in freight rates recently. The volatile spot
      tanker market is notoriously difficult to predict. The development is
      illustrated by the IMAREX index for suezmax tankers which was $17,160 per day
      in
      October, $29,921 per day in November and $68,013 per day up to and including
      December 6. To some extent this index is an indication&#160;of the level&#160;of
      the suezmax spot tanker market.&#160;&#160;In an improving market, it will take
      a certain time before NAT is getting the full effect from this rate increase
      as
      the vessels typically have contracts for a short period forward, i.e. only
      a few
      weeks.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Consolidation
      of technical operations</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">As
      advised shareholders, the announced consolidation of our technical functions
      has
      been completed. The reputable V.Ships Norway AS is now technically managing
      all
      the Company&#8217;s vessels, except one which is on long term bareboat
      charter.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Consolidation
      of commercial operations</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">In
      previous reports, we have laid out a plan for consolidation of our commercial
      operations. Earlier our commercial functions were outsourced to pools operated
      by four different companies. The last step in this plan has now been decided
&#8211;
and going forward the number of partners will be two. We shall continue
      cooperating on the commercial side with Frontline Ltd (NYSE:FRO) and the private
      Swedish group Stena Bulk. We have known these companies very well for years.
      They are quality companies and prominent world names in the shipping industry.
      We have two vessels which soon will leave the Gemini pool of OMI to join our
      cooperation with Frontline Ltd and Stena Bulk in their respective pool
      arrangements. Thereafter, the announced consolidation of our commercial
      operations will be completed.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Strategy,
      full dividend payout and predictability</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">The
      Company has a clear and predictable strategic platform in which <u>a full
      dividend payout model</u> is a mainstay. As a policy, we pay out all the cash
      generated from operations. For 10 consecutive years the Company&#8217;s dividend yield
      has been above 10%.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Low
      debt</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">NAT
      has low debt per dollar of asset value compared with many other companies.
      This
      will enable the Company to take aggressive expansionary steps in good markets
      and also expand if the spot market and ship values should be lower.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Low
      overhead expenses &#8211; an important competitive strength</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Another
      competitive strength of the Company is our very low overhead expenses compared
      with other companies &#8211; among the lowest in the industry. It is our objective to
      keep overhead expenses low &#8211; an important competitive strength in itself. Our
      analyses indicate that NAT&#8217;s overhead expenses are about 50%, or in some cases
      even one third of the level of other shipping companies on Wall Street; i.e.
      we
      have significantly lower overhead per dollar of revenue. We reckon that cash
      overhead expenses should be in the region of $1,000/$1,500 per day per ship.
      The
      low cost base does not in any way impact negatively the top quality approach
      the
      Company has in all functions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Aligned
      interests &#8211; shareholders in focus &#8211; one share one vote</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">It
      should be noted that an important objective for NAT is that the interests of
      management of NAT must be aligned with the interests of shareholders in order
      that NAT management has no more or less incentive to take business risks than
      shareholders would wish. This clear profile gives you assurance of the security
      in which you are investing. The alignment of interests will continue to guide
      management to make prudent decisions on behalf of the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Interests
      of shareholders are in focus - all shares have the same voting rights &#8211; one
      share one vote.&#160;&#160;There are no voting privileges for the Manager of NAT
      or for others.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Growth</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">We
      have come a long way since we had three ships in the autumn of 2004 &#8211; having
      increased the fleet to 14 vessels now.&#160;&#160;Further accretive growth can
      be expected. This means that we are working to ensure that earnings and dividend
      per share after an acquisition are higher than the earnings and dividend per
      share before an acquisition in the same prevailing spot market. Without
      exception we will keep shareholders&#8217; interest in focus going
      forward.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong><u>Summary</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">I
      would encourage investors to look to NAT if you wish to invest in the tanker
      sector. We wish that NAT shall be priority number one for the investor in the
      tanker sector. In particular, our objective is also that NAT shall be the most
      attractive dividend paying security. Many shareholders contact us expressing
      views and recommendations. We encourage such active involvement from our
      shareholders.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">For
      further details on our company, please see <u>www.nat.bm</u>.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">From
      all of your friends in NAT I take this opportunity to wish each of you all
      the
      best for the New Year!</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Sincerely,</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Herbj&#248;rn
      Hansson</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Chairman
      &amp; Chief Executive Officer</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>CAUTIONARY
      STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Matters
      discussed in this press release may constitute forward-looking
      statements.&#160;&#160;The Private Securities Litigation Reform Act of 1995
      provides safe harbor protections for forward-looking statements in order to
      encourage companies to provide prospective information about their
      business.&#160;&#160;Forward-looking statements include statements concerning
      plans, objectives, goals, strategies, future events or performance, and
      underlying assumptions and other statements, which are other than statements
      of
      historical facts.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">The
      Company desires to take advantage of the safe harbor provisions of the Private
      Securities Litigation Reform Act of 1995 and is including this cautionary
      statement in connection with this safe harbor legislation. The words &#8220;believe,&#8221;
&#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221;
&#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify
      forward-looking statements.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">The
      forward-looking statements in this press release are based upon various
      assumptions, many of which are based, in turn, upon further assumptions,
      including without limitation, our management&#8217;s examination of historical
      operating trends, data contained in our records and other data available from
      third parties.&#160;&#160;Although we believe that these assumptions were
      reasonable when made, because these assumptions are inherently subject to
      significant uncertainties and contingencies which are difficult or impossible
      to
      predict and are beyond our control, we cannot assure you that we will achieve
      or
      accomplish these expectations, beliefs or projections.&#160;&#160;We undertake
      no obligation to update any forward-looking statement, whether as a result
      of
      new information, future events or otherwise.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Important
      factors that, in our view, could cause actual results to differ materially
      from
      those discussed in the forward-looking statements include the strength of world
      economies and currencies, general market conditions, including fluctuations
      in
      charter rates and vessel values, changes in demand in the tanker market, as
      a
      result of changes in OPEC&#8217;s petroleum production levels and world wide oil
      consumption and storage, changes in our operating expenses, including bunker
      prices, drydocking and insurance costs, the market for our vessels, availability
      of financing and refinancing, changes in governmental rules and regulations
      or
      actions taken by regulatory authorities, potential liability from pending or
      future litigation, general domestic and international political conditions,
      potential disruption of shipping routes due to accidents or political events,
      vessels breakdowns and instances of off-hire, failure on the part of a seller
      to
      complete a sale to us and other important factors described from time to time
      in
      the reports filed by the Company with the Securities and Exchange Commission,
      including the prospectus and related prospectus supplement, our Annual Report
      on
      Form 20-F, and our Reports on Form 6-K.</font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>Contacts:</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Scandic
      American Shipping Ltd</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Manager
      for:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Nordic
      American Tanker Shipping Limited</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">P.O
      Box 56, 3201 Sandefjord, Norway</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Tel:
      + 47 33 42 73 00 E-mail:&#160;&#160;<u>nat@scandicamerican.com</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Rolf
      Amundsen, Investor Relations</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Nordic
      American Tanker Shipping Limited</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Tel:
      +1 800 601 9079 or + 47 908 26 906</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Gary
      J. Wolfe</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Seward
      &amp; Kissel LLP, New York, USA</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Tel:
      +1 212 574 1223</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Turid
        M. S&#248;rensen, CFO</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Nordic
        American Tanker Shipping Limited</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Tel:&#160;&#160;+
      47 33 42 73 00 or + 47&#160;905&#160;72 927</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Herbj&#248;rn
      Hansson, Chairman and Chief Executive Officer</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Nordic
      American Tanker Shipping Limited</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Tel:&#160;
      +1 866 805 9504 or + 47 901 46&#160;291</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>SIGNATURES</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">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.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><strong>NORDIC
      AMERICAN TANKER SHIPPING LIMITED</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">(registrant)</font></div>
    <div><br></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;">Dated:&#160;&#160;December
      7,
      2007&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;By:&#160;&#160;&#160;<u>/s/&#160;&#160;
      &#160;Herbj&#248;rn Hansson</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;
</font></font>Herbj&#248;rn
      Hansson</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 270pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif;"><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;
      </font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chairman, Chief Executive
      Officer and President</font></div>
    <div><br></div>
    <div><br></div>
    <div><br></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif;">SK
      01318 0002 836675</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br></body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>nordic_logo.jpg
<TEXT>
begin 644 nordic_logo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!P17AI9@``24DJ``@````$`!H!!0`!
M````/@```!L!!0`!````1@```"@!`P`!`````@#`P#$!`@`9````3@``````
M``!@`````0```&`````!````141'05)I>F5R(%-O9G1W87)E(%-U:71E``#_
MVP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_VP!#`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0'_P``1"`!*`)0#`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"
M`P0%!@<("0H+_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A
M!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%
M1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9
MFJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?H
MZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+
M_\0`M1$``@$"!`0#!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1
MH;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U15
M5E=865IC9&5F9VAI:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G
MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W
M^/GZ_]H`#`,!``(1`Q$`/P"7]B[X+^*[+X:^(_B]\4OV$X?VCO@EHNM>&XY]
M3MXO&OA[XDW%AXF.JH^I>!M3T;5(]#\1Z#H;:89M9CO]%NY;-[ZW5M8L;=7"
M?N#^RM\%/^"'/[7D<&F?#7P#X?TOQ_L3^TOAAXUU_P`8>&/&UA>'Y)K.ULK_
M`%M;/Q"L,JM&;OPQ?:Q:LQ0/)%-(8E_`SX*?M5_M9?#W]CCXF?!WX?>!H;[]
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M_1O>F?\`A2>+._`_YCG<_P#U\5^)G["/_!23]N;P3X&\+7>L>`_BE^TU\);F
M?6;73-1\3:1XDUOQ8VE:?XAU/3T6T^)%EH]^FK7NF"U:QF75$U&(3VSV`EM!
M"C6W]*W[/7[4_@[]H336;3O"WQ!\`^);6W6XU'PE\1O!VM^%M2@7""5[*[O[
M1-+UB&)VVR/IM[/+'C=/!"K(6_GB?'>:+.\WR%<0YTL=E&98S+ZRJXG'T(XB
MI@L1/#5*^&G4J.G5HSE2YX<L_:*#C[2$6U;^T<X^CY4R3@SA+CVOPGPGC>&N
M+>',EXAP6.RB>39E++\/G.!PV.HX'-\)A_\`;,MQN&CB8T:\<1A:=&5:,XTJ
MU1)\ORY_PYN_X)U_]&]Z9_X4GBWMU_YCG;_]6:/^'-W_``3K_P"C>],]/^1D
M\6=>N/\`D.>G/I^/%?IZCAL]`>>C`CKQR/4>F13MW3&#GKSWQTS_`/6KO_UG
MXBT?]NYOT5_[1Q/]V^OM/)W[M-;L_.O]3^%/^B<R/O\`\B[":[?].=?UT74_
M,#_AS=_P3K_Z-[TS_P`*3Q;WZ?\`,<[_`/Z\4?\`#F[_`()U_P#1O>F?^%)X
MM[=?^8YV_P#U9K]0:*:XFXC_`.AYF_3_`)F.)_N_]//)_CW#_4[A3_HF\CZ?
M\RW">7_3GR_#S9^7W_#F[_@G7_T;WIGI_P`C)XLZ]<?\ASTY]/QXH_X<W?\`
M!.O_`*-[TS_PI/%O?I_S'.__`.O%?J#11_K+Q'I_PN9OT_YF.)Z<O_3SR?X]
MP_U.X4_Z)O(^G_,MPGE_TY\OP\V?E]_PYN_X)U_]&]Z9_P"%)XM[=?\`F.=O
M_P!6:/\`AS=_P3K_`.C>],]/^1D\6=>N/^0YZ<^GX\5^H-%'^LW$>G_"YF_3
M_F8XG^[?_EYY._>S[A_J=PI_T3>1]/\`F6X3R_Z<^7X>;/R^_P"'-W_!.O\`
MZ-[TS_PI/%O?I_S'._\`^O%'_#F[_@G7_P!&]Z9_X4GBWMU_YCG;_P#5FOT_
MW=,CMGCGOC_//M06P`<=?7C^?7/_`-;K0N)N(]/^%W-E>V^8XE:^[_T]\GZV
M?=!_JAPIO_JWDGK_`&;A7V?_`#YVTWVTUW9^8'_#F[_@G7_T;WIGI_R,GBSK
MU_Z#GIS_`/7XII_X(Y?\$Z\''[/6DC'?_A)/%IX[==;Z]\GKBOT9\6>-_"7@
M31+WQ+XU\2:'X4\/Z=$TU]K/B#5;+2=-M8U!)::\OIH8$R!P&<$\``DXK\5/
MVGO^"UOPO\#B_P##?[.V@_\`"T_$BBXME\8:L;K2?`VFW*@JMS;0-"FK>)%5
MR'CB@.EVDZ+YD>I-&4\[Q\V\1,9D5+VN:<59AA;1O&E/,\4\14^'^%0A5=2H
MFU;2#C?5R2/TCP[^CGG7BKF,<MX%\-,-G4_:1A7QU+*,'A\KP2?*G+&YMB:-
M/!81)--J==59Q:4*<Y2C%^\:_P#\$E?^"9?A32;S7?$WP5\+Z!HUA"9[S5=8
M\8^)-/L+:)1DO-=7.OQ0(#@8W,-Q.`,GG\;_`-IS4_\`@D'\,Q?^'/@+^S5I
M'QE\70AH?[?E\2^.=,^'^GW(8HP:_.LVVH^(!$%WD:.D>GS!E6'5\M*8OA3X
M^_M:?'S]I?5GU'XK_$'6=8T]9VN+#PI9W$NF>#]*<@H&L/#MHZ6`F$;.AO+E
M+F^=796N2F$'S?\`7D^OK[G)))/<DDD\GFOQ?/\`Z0/%N(Y\/D&:9KA*>L?K
MV*QN(GB&NDJ-%5ITZ5][U/:M=$F?Z>>#O[+WPTRB6$SCQ?PV4<0XV#C4EPMD
M>!HX3)*<E:4:>.S%T:>.S+E?NR6&C@*;U3E6@VCYF^+4VGW/C[7;K2-`T7PI
MI]U-'<6OA[PY%?0:+I4<L2,MIIZ:A?ZCJ!@B&%22^U"]NY``\]S+(6:BJ?Q)
M_P"1NU'_`'+;_P!$)17^B/`&8YCCN!^$<;B\16Q.*Q7#N3XC$8BMB:LZM>M5
MP-"I4JU)<BYIU)MRD^KD^Y_@YX^<.</Y!XW>+61Y+E."RW*,G\1>+LMRS+\)
MAX4L-@L#@L]Q>'PN%P]--J%&A1I0ITXWTBEV/T;^!'_!37XE_!O]C?QI^S/I
M?@[7_$.@:W#XML]7^++:U)%XA^'-]XLL(['X?Z5X-G73;FTTW2-%N=$OM6:S
MU6=K[4+K5=>MM&N='2*UNEZ+]F+_`()Q^"?C]^QI\9_VH;_]H+3]"U#P':?V
MC'#?^%O%S77@F7P=!>>*_BA%?65G([>+)+CP]+ILNC7_`(=-U;J\U[<:@+"X
M!2#0_9Y_;8_9.\`?L/\`C_X#?$7X,?#W7?C?XUC\0:CI'C!_A/'J7@^RU#P?
M9(?A2/BC`NI6U[XH\2/JL_B(0ZWH-C-8:79:IH3ZY'J=PNM)'Y!\"/V%?VL_
MC1^SA\0/VAO`/B"RT[P?\/(6N?"6E6'Q.\&Z+HL]GXNDU&+XKQW,7_"4V>G^
M!X=&\/VEK+XFTGQ'%HLFKZ??V%F(+JTA>W3'$*.%>:U*3_U3G6SW#.688B5.
MM3S=RG&//3C4NZ,L1-<DK14:=%RG*-G+F_/\-SXN&4TJS_UPA2X>Q,89;A?:
MT:F3*%.4N2K4IZU?JU.]6#E.;J5E&$:BM"W1?L[_`+1/[5_P^^$'A;P?\(_B
M?\6=-^'>BW'B=/#-IX?AU.STE8+OQ=KVH7MQ:VD$%Y%;->ZI>7U[=6RW4_E7
MMS<H\C2;S7MJ_M>_M[Q\I\8/CHA.`2DFLAB1V!%@#DXQRV,Y)[FO(/V;OVLO
MVMOA+\&O"7P\^&_Q0\8:#X,\-7'BF#2-*\/QV.HZ-:R7OC#7]4U5K"^AL;R"
MZBN=8OM0NS/!=3PR27#M%(8RM>Y?\-\_MX?]%H^)/_@OMO\`Y45_F_XBXZ$>
M/N-8_P!O<64K<4Y]'DPF&BZ$+9GB(\M%K,Z5Z*4?W3]E3C*+345=I?\`31]'
MGA2MBO`?P;Q'_$*OH]Y@J_ACP/56/SS.%1S?&*?#N6S6(S2E_J'CK8ZK_$QD
M)8W%<M:4XNO4UG+Z'_9Z_P""H'[;'P>U98_'5IXF^-GA"XG26^T?QGHNH)K5
MNF5$S:/XGMM+6^MW=<E(-1BU.TC95,<,0,GF?T)_LT?MZ_!?]I6.RTS2E\1^
M`O'-RBQR>!O'VDSZ-JDERJ[Y8=)U`HVDZTG#&+[%>&Z>,`R6<+[D3^67_AOG
M]O#_`*+1\2?_``7VW_RHIR_M]_MY(<K\:OB6I]5L+8'\QI`KGR+CJ>3.,*^/
MXAS;#)ZTL?E=&=5=7R8G^TW533;LJGM8):<FB/#\6?HHX7Q,C4QN6\*^#W`'
M$$E=9GPOQ]FM'`UII)1>-R%<#T<OK):<T\+]1Q,[>_B'[Q_;V.@_S_*BOX\O
M@I_P57_;3^%^O"[\77UY\7_#ES.C:EH7C31IEO%A50KMHNMZ7:VESIUPRYVB
MXAO[$D$O9"0^</W^_9A_X*1_`+]HL6.C376J?#+XA70@A?P=XWLI=/2ZNY<*
ML>A:_P"6ND:NC2L4AB$UKJ)!7S-/C#*S_J.1<<Y'GLO94Y8C`XO987,*7L)3
M?:E43E2J7Z*,^??W+:G\"^*WT6_%#PGI2S#'X?*^)LBA",ZN><)XY9IAL,I1
M3?UW".%',L'&-]:];!K#*\4ZRE)1/T/HJ+*CJ<^YR,!LCT(/3C^F*1G4X.[`
MR,YZC=T&,].`?UYYK[&ZTU2VOY-[:;_@GY'\X7?;2Z2?35+_`(+TOHKDU%>=
M?$;XI_#SX2>'+KQ9\2?&&A>#?#]HKF;4=>U""QA9D0R&*V61A+=W#(I*6UM%
M-.^,+&W%?A;^T[_P6\T#3%O_``W^R]X7_P"$CO@)+=?B'XUL;JQT2-F^5KC1
M_#1DM-3U`*,-#+JLFF1F1=S64\(42^%G'$N3Y#2=7,\;2HRLW"@GSXFJU;W8
M4%^\=V])M1IKK-'ZKX:>"OB7XMYA#`\#\+X_,Z/M(T\1F]2G+"Y'@N:5I2Q6
M:UHQPL90C>;H4IU<3.*?LZ,WH?N]XY^(/@OX:>'[_P`4^/O%.A^$?#VG1F:]
MU?7=1M-.LX5"DJOFW,L8DED;"0V\6^::5ECC1V95/XA_M/?\%N/`OAD7_A?]
MFSPU)XZUI!+`WCSQ/#-IOA"SDV%5ETG2U:/6-;>-CN+7(TJU4)F%KV-V,?\`
M/A\9/V@OC'^T!KQ\1?%WQ]KOC*^1Y&M(+^Y\K2M-$C%FCTO1K18-+TY/F90M
MI:Q?)A68@*!XW7XIG_BSF.+<\-D6'_L_#W</K5>"K8V<;?%"/O4,/UM\<_[R
MT1_J%X/?L\^#>'5A,W\5\W_UPS:/)5EP_EWUC`\.4*L9)^QQ6(M2S'-''O?`
M4)QYE*A5@U-^]?'#]ISXY_M&:R^L_%[XA:WXH(D+V>C-*FG^'-+4']W'IGA_
M3UM]+M=@P//%N]U*<O-<S.S2-X+_`/6_3.,^N,GKW)-%%?E&)Q6*QM5U\97Q
M&)KSDI3K5INK5D]'\=1SDM]$G9))):H_T*R+(<AX8RW#9/P[E66Y)E6$A[/#
MY=EF$HX+!4H.R?)AZ%.%-2L]9<K<I)RE=H****Y_.S^=O+=W\_ZNCUTXI:27
ME>]^GDN_DM'V/EKXD_\`(W:C_N6W_HA**7XD$?\`"6ZAE<Y2U(Y(X,"8HK_8
M?PUD_P#B'O!-HMK_`%6R.S35FO[.PVJNUW_K6W_&W])245](3QM7-'_DZ7'"
M?O1W_P!8L??[71O\&?JC^SKX)_X)X:K^P=\2KSXMZA>:1^TKXEEUG7?!?@4?
M$G0K'7?%:_"&QGN[&;PQJUSX.N[/P!I_CB^UC6-(;P[XEEOM3\17?ALKX=GN
M9?LZ1^`_`O4?V\K/]FSXGV'P8T#QC:?L[V-G>Q^-_"MGX.N;_3/B)8?&J.[\
M'-)<[=(:Y\8&QTG3)A::I;3;_#,=E!>VCVERT+M[=^SW_P`$\?@=\7OV$?BY
M^TWK'QYOM`\1>&KR6[M],F^'%U/K>A6WP[L%U3XC:=HWAZ#QI#)X_LKVP\1:
M`T'B33Y+&RT@VEPNHQ64D>H6]OYK^SU_P4+^/OP/_98^)_P#^'OAS4=?^$E[
M!XOL?'OC:YUOQ)9:_P"%HOB=II\*>#I/"M[9:E)9?#TZ;>6<FHVNFV7]HVVN
M:J]^+TO`TV[>I*5>><1RV3SFO#/L/#%87/7*&$P,THJ<,`ZLDIRA&U*ERJ3E
M-W@[*-OR6FHX>GD<\SA_8N'J</8B6%Q60J$\7CXM/V;S#V$)2@YR?M*RFE"-
M.+<HMN1TG[-?[7G[4OP?^#'A'X<^!O&6J>'O#'AB;Q1!I^B_\(OH]TUA-?\`
MC#7]6U6%YK_1[B\:1M8O[^65)IF:*61HE"(BHONG_#P;]M/_`**9JO\`X2'A
MO_Y0UX_^R_\`MX?M"_"#X&^"OAYX-U3P8OAS0)?%,NG_`-M>`O#&OZH7UOQC
MX@\07[W>KZG83W]X\FI:I=R(;F:1H8G2WC/DQ(![]_P\\_:M_P"@O\.O_#5>
M"/\`Y4U_G!XBYK&GQ]QG3_UIXBPSAQ3GL'0PV%E+#T>7,ZZ]C1;S6ES4Z;;C
M"3IQ<J:C=*Y_TQ?1ZX"K8SP'\&\5#P#\%\YCB/#+@>LLWSCBFC1S7,_:<.Y=
M+Z_CZ/\`J+C'2Q6+5J^(IO%8CDJSE'V]6SF8/_#P;]M/_HIFJ_\`A(>&O_E#
M1_P\&_;3_P"BF:K_`.$AX:_^4-;W_#SS]JW_`*"_PZ_\-5X(_P#E31_P\\_:
MM_Z"_P`.O_#5>"/_`)4U\9_;$/\`HL.*?_".3_EZ?VSYZ_/>[/V'_B'.(T_X
MYS\!=O\`HK:/3E_ZMYY+KZ>6!_P\%_;2!!'Q*U0$=/\`BD/#>.3Z?V$`>/T]
M3BG+_P`%!_VU$973XF:JKHP=77PCX;#*P.596&@@JRD`A@<@\C'&/8/AI^W+
M^WM\8?$=KX3^&'A[PUXUU^[<(++0?@SX0O1`I(!N-0NH]'-IIEF@9?,O;Z>W
MMHRV&DW84_NU^S)^S]^U]=G2_%/[3WQ#^&^GP,(;IOAKX*^%W@>6\(&':VU[
MQ3-I!MX6896:TT>UF*<%-5+$QK]!DF7YMG]1++N(^*948N_UBK@7AL+!V3;G
M5J9M&E[7O"FYSUV[_C_BCQAX<^$.$=7C/P2\`J&.G3YZ&18#BF.9YUC$K<CI
M9;AO#IU84JFJC7Q,\-A6]9U59GXG_L\?\%%?^"BNK?$?2].\,QZW\=KF[*03
M^!-0\(K/;7ELSKOD.HZ-::?/HAC4,_\`:<MTEM;!#)=)-`&C;]1OVZOVP/\`
M@HO\(/@[H?B/X/\`['UO;7NK>')+_P`=^,[;Q%;_`!5G^&M[M<2VT/A#P]#8
M7ETUJA6Y.OWL5_HUKM:*[LF!$X_8W3/#7A[1W>72=!T;2I9E"/)INFV5B\BJ
M20LC6L$;.%_VF(!/'-;!16!4H&&TJRM@J5.<IMYRIZ$<]<=SG]RX(R[$\*XF
M-?-LPQ'%=*,E)X+-.=8:]U=P<:D\1=+I.O4HK[5*6MO\P_I"^)'"_C#3PU+@
MGPVR#P>G0H>QGF?#$W/-,5HVXUX0HX+*E35Y*$J>61QRVCC(Q7*_\YOXF?MQ
M_M=_%[5X]5^*GBA_&^IV2-:VS>*/`'AO4AI\0<L]M9VM[X?:.Q0/G='%#&6(
MS+OD!8>:?\-"?&;C_B5^%>G_`$2?P5S[X'AD#MVXZXP.!_>C^TG^P;\)/V@[
M2:]MKG7OA9XU,3"V\6_#V^FT9YY5CV1#6]#@DBT;5XU(7?-+:Q:B8U6-+]$5
M4'\\7[3/_!/[]M_]GA;_`%O3?$'BKXN>!+3S)O\`A)?`E_KESJ=E9J[8EUGP
ML)I]4M&CC7=<M8MJ=C"&:1K_`,M&9/T/B+Q4X;RJ53%5?!7+<XH1A:>+PL\N
MJS222M4I5<M]NK)6<HJK322O+HOC_!7P`XGX^P^$X?P?TUL\\-\VO&GAN',Z
MH<19;@*LY6BHY9F&&XEI995J5G:,857AL5.7,E0<FN;\2_\`AH3XS?\`0+\*
M_P#AI_!7_P`S7^?RH_X:$^,W_0+\*_\`AI_!7_S-5]%R?$OXE0R/%+XU\6Q2
MQL4DCDUK4DD1U.&5T:<,K*>"K`$'@BF?\+/^(W_0\^*O_!YJ/_R17Y__`,3)
M>&J=I>"^5*2T?-/*^;1*][Y6G=;._9]+G]B0_9A?27G",Z?TU.(Y0DE*,H+B
MQPDG:SBX\4<K36B:W5EMH_G?_AH3XS?]`OPK_P"&G\%?_,U1_P`-"?&;_H%^
M%?\`PT_@K_YFJ^B/^%G_`!&_Z'GQ5_X/-1_^2*/^%G_$;_H>?%7_`(/-1_\`
MDBDOI)^&FG_&F,IZ?;RO^[_U*_)?=ZE_\4P?I-_])I\3?^`\6^7_`%5'K^M^
MOSO_`,-"?&;_`*!?A7_PT_@K_P"9JC_AH3XS?]`OPK_X:?P5_P#,U7T1_P`+
M/^(W_0\^*O\`P>:C_P#)%'_"S_B-_P!#SXJ_\'FH_P#R11_Q,EX:?]&7RG_P
M/*_[MO\`F5^2^[U#_BF#])O_`*33XF_\!XM\O^JH]?ZO?X*\8>(]9\5Z]=ZW
MXDCL;?5KI85N(K/1[#0K<+#$L4933=-M;.TA+*N7:.!/,?<[%B=Q*Z;XMZIJ
MFM^.M5U'5[^\U.^FCLUEO+ZXENKB01VT:(KS3,[L$0!5!;``P**_M[A7/<!F
MO#609GA,ICE^%S#*,OQN'P--T7#"4<3AJ%:GAH<E",.6E"2A'E2C:UDD['^'
MWBGX=Y[PEXE<>\+9QQ7B^(,UX=XOX@R7,<\JPQ7M<WQN6YI7PF)S&I[?$5:_
M/BZM*=>7M:E2I>;YY2DVY?<'P6_X)Z?M`_%C]DSQ[^U'X3\:>&+/P]\.9[>P
M\,V[?%OP?IFG6OA_45U&;XI6^LW<WB&&#P5>Z59:CHUU?>'M>ET>\URTUJ1H
M[;46NK>.7TW]F?\`X*$_"WX(_L??$G]G3Q3\*M,\7^/_`!O9>+;6T^),7@#X
M?:KI7@VXT72[N/X02:[;7ME<?\+)@TOQ?>ZA?S7^M@R:#I^I,NFC6WCCLSX]
M\(O!7_!0Z7]F#Q?=_"K2OB=!^S]I@N=+U?P3H_AV_DT'XBV7Q@@U'3]?UR?1
MDT][?QFEK9:+965[KEPMY<>'K6/1EMIK)(`\?T#^RKXZ_P""=VA?L7?&+P3\
M>/`OAN']I#QEI^NIH&CW'B_XD6]IXNU/X2:?=:_X''BC6[:6XMOA5>^*_%-]
M>:+]BTC5-/L/$9T^QDOO['LS:3+X&9RE7AF$,RA'/:%//,(\-A<A_=XS+M*<
MH_VA*-9-*BKUY62C*LY1DXQ3<=LI4:$\MGEK>15ZO#^*6+Q7$#=3#8^;2A)8
M&,L//E]N_P#9XOWG"G%2@Y2Y5+'_`&</V[OB9\-?@OX)\%:7\-OV?=?L=&AU
MKR=7\7_"/1]>\1WS:CXEUC6)Y-4U5[J!KMTN;^:&W_=1B"SCM[95"0KGV[_A
MY3\6B<_\*>_98R.F/@7HG'`.1C4.F!WX_2JW[!OQ=^/WC;X;^"/A+\$/V-OV
M<_BH=#768SK_`(G^"T/B._M+?4?$VKZH6\4>//$&NPP"WTX:C]ALKC6-0^U#
M3K:QM3+=W&QI?Z4/V>?V3+W^R3J?[2WP:_9`?6+J,"V\*_#+X$>'[:TTIB$8
MO?>(M8DU`ZA*K;T$%II=I$C?O3=3Y")_`G$F4\0YYQKQ:LNXCS##T8<29Y%N
MIE-6."PZAF5?]S'$3KQIUO91:@G2C):7Y8JR?^]O"WB)X.>%W@MX35.-?!;@
MW-\WQ?AQP7B5'"<>X/$<0YQ[?(,OG_:6)R;#9;7Q&7_7%>O.&/E04/:.#G)Z
MR_`KX4?M>_M7_'+Q)#X5^%7[,W[.WC369'A6:/2OV?M'>TT]+ERD5QJVI2:A
M'I^EVI9&S/?W$,>U)&5CL<']X/V;OV7_`(L2P6^O?M/>$_V7!)/`7_X07X<?
M!C08Y+.1QF-=2\57QGCFDAX\^WTW33%YH*Q:C-&!))]Z^#_A_P"!O`&GMI/@
M+P=X6\%:2\KSR:;X4T#2O#U@]Q)_K)FL])MK2W,LF%+R^678CYF/;L!&HQZ#
M/'KDY_,>O\J^AR'A7$9<E6S3.<;F^)NFHS<:.$C;M2BE.>FOOU'&^GLVDF_Y
MJ\6/'_*>-/:9?P#X9\,^'.2S5GB,+[7,>(ZR7*TGF=1PH8./,FVL#A:=9N[>
M):?(N/\`"O@/P3X)CFM_!WA'PUX4@NW66ZB\/:)INCQW$RKM$DZ:?;6RS2!?
ME620,X4X!`XKL%ZD8Z<'I^`Z`D8]<TX*!V'7(X_S_A[4``=!7V$81@E&$5&*
MO:,?=4;^2T?7?1=-=3^;ZU:MB*DJV)JU,16DDI5JTY5*LK)+WIS;D]NK?^2T
M4459F%(RJP(8!@>H(R#^%+10&VQ\`_M+_P#!.']FC]I>*\U'6_",?@SQU.D[
MP>//!(BT75FO)29!-K%G'&=,UZ-I3NE34;26Y(:0VUW:ROYP_GC_`&FO^"2?
M[27P'%_KWA"QA^,O@&W::1-4\(6\W_"46-HI,@;5_"C!KMBJ9#3Z-+JD#>6S
MRK:;HXF_L8V\\GH<C@?7T]3]/;T0IN&&.1SU'7(([_7!]1Q[U\7GW`?#^?J=
M2MA5A,;*]L;A%&E5;Z>UC9PK+2S<H\[5TIQ1_2WA%]+'Q@\(98?!9;GD^(N&
MJ+C&?#'$LZN88"-%-<T,OQ$IK&Y:TK\BPU:.'4G>>&J+W3_.>E@FM9I;>XAF
MMYX)'AF@GC:&:&9&*2PRQ.%>.2-_D>-U5U/RLH;(J/\`S]<=<>N.^.G>O[C/
MVE?^"??[-G[4%K<W'C3P=%H/C"6)D@\>^#DM=$\41R881R7DZ6LUGK"QAMHC
MUBTO1Y8"(4"KM_G@_:;_`."0'[0WP574/$7PS5?C9X'M?.GDDT"W6T\9Z=:Q
M9;S;WPN\\TNH!(MS2OH4U_,,%C9+&"Z_A^?^&F?9-SUL)3_M7!03?M<+!^WA
M%6UJX9RE4LD[MTG."M)NVI_JCX/_`$X?"7Q*^J97GN)_XA_Q-6<*3P&?UX_V
M3BJS226`SVU/"-2E[M.CCH8&LVXPIPJOWC\DJ*M7]A?Z5>7.G:I97>G:A9RO
M!=V-];S6EY;31D!H;BVGCCEAD!X*2*I!*@9W"JO^?\_AZ9'O7YY*,HR<91E&
M4=))IIQ:=K2NO=?D[/R/[-I5:5>G"K0J4ZU*K&,Z52E.-2%2$[.,Z<X-QG%I
MIJ4&TTT[V:/EKXD_\C=J/^Y;?^B$HI?B1C_A+M1R#]RV[X_Y8)[&BO\`87PV
MJ0CX?<%1;U7"^1IZ-K3+L/U_K;TO_P`</TDXR_XF#\;--_%+CA].O$68'Z:?
ML2?&K]N/X@_!#Q)^Q7^S=\-?^$K^&?C,>.8?B)XBU*\UC3+32[SQOIMCIMM?
M?\+#N]1L])\!6WARUTBPO-+T'3Y-NM7HU6XN=/U3^U+JV3]8_P!D3_@@)\'/
M"*Z7XP_:W^)VG_$OQ$&M+Z3X9^#-5_L;P38R`B66QUOQ']IBU[Q,Q<K'<'3X
MO#]I$!-'&]\GEW8_E'L/$WB31X!9Z1X@US2[0R-,;73M6O[&W,TB*))3!;7$
M41D<(@=RNY@BAB=HQ;?QWXX&,>,O%8Z_\S#J_M_T^5U9WD>.K5L93RG-:>14
M\=4]MC)83+W/%8JJ[1<ZN)EC8<KM+1T:=&2LO>=D?C&0<3X"C1P-7.<EGQ!5
MR^DL/@8XS,O9X3"T82C)0I86.`J.7O13?MZU:-]HJ[O_`*9?P\\'_!_X3^&-
M,\%_#30O`/@+PII%N+73?#_A.VT30],M(@Y?$=KI_P!GC>1Y6>6>:0//<3O+
M--))*[N>\_MW01C_`(G>D87&`-2LL]@?^6X[9SSWS7^7K_PGGCC_`*'/Q7_X
M46K_`/R91_PGGCC_`*'/Q7_X46K_`/R97Y[+PHA4E*<\^G.<Y.4YSRY3E)S<
M7)N3QUW)N5W)MMVU;;/T]>-M51A!<-TE&G3ITH16:R2A3I1C&G"*67^["G&*
MC",;*$;1BDE9_P"H8NOZ$.NM:2.!UU&S`[GO-[_SQQT=_P`)!H/_`$&](_\`
M!E9?_'J_R\?^$\\<?]#GXK_\*+5__DRC_A//''_0Y^*__"BU?_Y,I+PGIZ?\
M+L^G_,N7]WOCG_-^!3\;ZR_YINGW_P"1K+KK_P!"[S?Y^O\`J'?\)!H/_0;T
MC_P967_QZC_A(-!_Z#>D?^#*R_\`CU?Y>/\`PGGCC_H<_%?_`(46K_\`R91_
MPGGCC_H<_%?_`(46K_\`R91_Q">G_P!#V?3_`)ET>O+_`-1W][\!?\1OK?\`
M1-TO_#K+_P"=_K_2U_U#O^$@T'_H-Z1_X,K+_P"/4?\`"0:#_P!!O2/_``96
M7_QZO\O'_A//''_0Y^*__"BU?_Y,H_X3SQQ_T.?BO_PHM7_^3*/^(3T_^A[/
MI_S+H]>7_J._O?@'_$;ZW_1-TO\`PZR_^=_K_2U_U#O^$@T'_H-Z1_X,K+_X
M]1_PD&@_]!O2/_!E9?\`QZO\O'_A//''_0Y^*_\`PHM7_P#DRC_A//''_0Y^
M*_\`PHM7_P#DRC_B$]/_`*'L^G_,NCUY?^H[^]^`?\1OK?\`1-TO_#K+_P"=
M_K_2U_U#O^$@T'_H-Z1_X,K+_P"/4?\`"0:#_P!!O2/_``967_QZO\O'_A//
M''_0Y^*__"BU?_Y,H_X3SQQ_T.?BO_PHM7_^3*/^(3T_^A[/I_S+H]>7_J._
MO?@'_$;ZW_1-TO\`PZR_^=_K_2U_U#O^$@T'_H-Z1_X,K+_X]4?]N>'RO_(9
MT@YX.=2M,$CIG]\.GJ1G&1WK_+U_X3SQQ_T.?BO_`,*+5_\`Y,H_X3SQQ_T.
M?BO_`,*+5_\`Y,I/PFIRM?/9VTT_LV-OL_\`4;>ZOI9KSN'_`!&^M>_^K=+3
MK_:LKIZ:I_V>[=?P[:_Z)?[1W[''[*G[3MC,/B'X<\+6WB<QE;/QUX;N=,T/
MQ?9D`A%?5;0H^HVZ,Q9;/5DOK4%B\<*2D2#^>G]IG_@D3\6_A(M[XB^#/B?2
M_CAX1A26Y_LVP:RT[X@6,*NQ:.30H[VXM]=:"(J_G:1<1W=TRR;-'@8)%+_.
M5_PGGCC_`*'/Q7_X46K_`/R92CQYXXR/^*R\5]1_S,6K^O\`U^5\CG_T<>'.
M((RGB\SE1Q36F,PN71HUT[1UDUC>6KNM*L9VMHU<_H?PC_:'>,?@[6P^'X?C
M_:?#T)Q]KPMG^;5LRR:=._O0PT:F"6)RV4DY6GE]?#I3DYRA-Z'2_%C3;_2O
M'FN:;JMG>:7J5A+%:7VG7]I/;7ME=01+'-;7=M.L,UO<0NK)+%+$CJZG<HS1
M7`WU]>ZE<O>ZC>75_>3!3-=WMQ-=7,I4;%,L\[R2R%4547<YPJA1@`"BOZ(X
M:X8I9'P_DF30Q4L1'*LKP.7QQ$J2IRK1PF'HT%5E356:@YJ/,X*<E%Z*3W/X
MP\2?%#%\>>(/&O&M;*J675N+.*<[XAJY?2Q<L33P53-\QJXZ>%AB)X:C*M"A
/*NZ<:LJ5.4U%2<(O1?_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
