<SEC-DOCUMENT>0001144204-19-030565.txt : 20190611
<SEC-HEADER>0001144204-19-030565.hdr.sgml : 20190611
<ACCEPTANCE-DATETIME>20190611161052
ACCESSION NUMBER:		0001144204-19-030565
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190611
FILED AS OF DATE:		20190611
DATE AS OF CHANGE:		20190611

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBUS MARITIME LTD
		CENTRAL INDEX KEY:			0001499780
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34985
		FILM NUMBER:		19891115

	BUSINESS ADDRESS:	
		STREET 1:		128 VOULIAGMENIS AVENUE 3RD FL
		STREET 2:		166 74 GLYFADA
		CITY:			ATHENS GREECE
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30 210 960 8300

	MAIL ADDRESS:	
		STREET 1:		128 VOULIAGMENIS AVENUE 3RD FL
		STREET 2:		166 74 GLYFADA
		CITY:			ATHENS GREECE
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tv523418_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR</B><BR>
<B>15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of June 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-34985</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>Globus
Maritime Limited</B></FONT><B> </B><BR>
(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>128 Vouliagmenis Avenue, 3rd Floor, Glyfada,
Attica, Greece, 166 74</B><BR>
(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Form 20-F &nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant by furnishing
the information contained in the Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Yes <FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp; <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If &ldquo;Yes&rdquo; is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 12pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; font-size: 10pt; width: 8%; text-indent: 0">99.1</TD>
    <TD STYLE="padding: 0; font-size: 10pt; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; width: 90%; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Globus Maritime Limited Reports
Financial Results for the Quarter Ended March 31, 2019</B>&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&ldquo;THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY
REFERENCE INTO THE COMPANY&rsquo;S REGISTRATION STATEMENTS: (A) &nbsp;ON FORM F-3 (</B><A HREF="http://www.sec.gov/Archives/edgar/data/1499780/000114420418002435/tv481878_f3.htm"><B>FILE
NO. 333-222580</B></A><B>) FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 17, 2018 AND DECLARED EFFECTIVE FEBRUARY
8, 2018; AND (B) ON FORM F-3 (<A HREF="http://www.sec.gov/Archives/edgar/data/1499780/000114420419019503/tv518734_f3.htm">FILE NO. 333-230841</A>) FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 12, 2019 AND DECLARED
EFFECTIVE APRIL 19, 2019.&rdquo;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Date: June 11, 2019</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>GLOBUS MARITIME LIMITED</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid">/s/ Athanasios Feidakis</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD COLSPAN="2">Athanasios Feidakis</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD COLSPAN="2">President, CEO &amp; CFO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tv523418_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><B>&nbsp;Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 40.5pt; width: 194.25pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>GLOBUS MARITIME LIMITED</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Globus Maritime Limited
Reports Financial Results for the Quarter </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Ended March 31, 2019</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Glyfada , Greece, June 11, 2019,</B>
Globus Maritime Limited (&quot;Globus,&quot; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; or &ldquo;our&rdquo;) (NASDAQ: GLBS),
a dry bulk shipping company, today reported its unaudited consolidated operating and financial results for the quarter ended March
31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>In Q1 2019, Average operating expenses
per vessel per day decreased by about 19% compared to Q1 2018 </B></FONT></TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Financial Highlights</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 95%; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0"><P STYLE="margin-top: 0; margin-bottom: 0">Three months ended</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">March 31,</P></TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">(Expressed in thousands of U.S dollars except for daily rates and per share data)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Total revenues</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,543</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,938</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Adjusted (LBITDA)/EBITDA (1)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">374</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">387</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Total comprehensive loss</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(472</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,535</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Basic loss per share (2)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(0.15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(0.48</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Daily Time charter equivalent rate (&ldquo;TCE&rdquo;) (3)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">6,736</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8,039</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Average operating expenses per vessel per day</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">4,634</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5,745</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Average number of vessels</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5.0</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FDFDFD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Adjusted EBITDA is a measure not in accordance with generally accepted accounting principles (&ldquo;GAAP&rdquo;).
See a later section of this press release for a reconciliation of EBITDA to total comprehensive (loss) and net cash (used in)/
generated from operating activities, which are the most directly comparable financial measures calculated and presented in accordance
with the GAAP measures.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FDFDFD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">The weighted average number of shares for the three month period ended March 31, 2019 was 3,209,604
compared to 3,189,678 shares for the three month period ended March 31, 2018.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: #FDFDFD"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Daily Time charter equivalent rate (&ldquo;TCE&rdquo;) is a measure not in accordance with generally
accepted accounting principles (&ldquo;GAAP&rdquo;). See a later section of this press release for a reconciliation of Daily TCE
to Voyage revenues.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Current Fleet Profile</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the date of this press release, Globus&rsquo;
subsidiaries own and operate five dry bulk carriers, consisting of four Supramax and one Panamax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 31%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Vessel</U></B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Year Built</U></B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Yard</U></B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Type</U></B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Month/Year Delivered</U></B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>DWT</U></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Flag</U></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moon Globe</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2005</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hudong-Zhonghua</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Panamax</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June 2011</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">74,432</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marshall Is.</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sun Globe</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tsuneishi Cebu</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sept 2011</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,790</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Malta</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">River Globe</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yangzhou Dayang</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dec 2007</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">53,627</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marshall Is.</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sky Globe</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2009</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taizhou Kouan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">May 2010</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56,855</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marshall Is.</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Star Globe</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2010</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taizhou Kouan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supramax</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">May 2010</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: -0.3pt; padding-bottom: 3pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56,867</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marshall Is.</FONT></TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weighted&nbsp;&nbsp;Average Age: 11.1 Years as of March 31, 2019</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,571</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Current Fleet Deployment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All of our vessels are currently operating
on short term time charters (&ldquo;on spot&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 82%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Registered
    office: Trust Company Complex, Ajeltake Road, Ajeltake Island,</FONT></TD>
    <TD ROWSPAN="6" STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 37.5pt; width: 48.75pt"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">P.O.
    Box 1405, Majuro, Marshall Islands MH 96960</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Comminucations
    Address: c/o Globus Shipmanagement Corp.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">128
    Vouliagmenis Avenue, 3<SUP>rd</SUP> Floor, 166 74 Glyfada, Greece</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Tel:
    +30 210 9608300, Fax: +30 210 9608359, e-mail: <U>info@globusmaritime.gr</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><U>www.globusmaritime.gr</U></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Management Commentary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Athanasios Feidakis, President, Chief Executive
Officer and Chief Financial Officer of Globus Maritime Limited, stated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We are pleased with our performance
during the first quarter of 2019 despite the difficulties in the market this period we have managed to reduce our operating expenses
while taking steps to strengthen our balance sheet. This has been a very precarious first quarter where rates in the dry bulk sector
have taken an unexpected dive. We do see several factors that might have contributed to that, such as lower seasonal demand, weather
disruptions in Australia and the Vale dam failure. Undoubtedly, weak rates have had a negative impact on the hiring of our vessels
that were operating on the spot market during the quarter. However, the market is now at much better levels than what it was in
the first two months of the year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;Whilst we remain cautious, we are
at the same time more optimistic about the latter part of the year where we expect rates to improve mainly due to continuous demand
from China for dry bulk goods and the IMO 2020 regulations which we believe will have a positive impact on spot charter rates as
the effective capacity of the fleet will be reduced since their owners in their efforts to comply with said regulations will try
to burn more expensive compliant fuels more efficiently.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;At this time we are pleased to report
our recent developments as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">On March 13, 2019, the Company signed a securities purchase agreement with a private investor and
on March 13, 2019 issued, for gross proceeds of $5 million, a senior convertible note may be converted into shares of the Company&rsquo;s
common stock, par value $0.004 per share. If not converted or redeemed beforehand pursuant to the terms of the Convertible Note,
the Convertible Note matures upon the anniversary of its issue.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">In May and June we have executed term sheets leading
to the refinance of the entire fleet later in the month.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;We will continue to strive to keep
our operational costs down and maximize shareholder value, we feel fortunate that at these difficult times we have the full support
of our investors and financial institutions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Management Discussion and Analysis of the
Results of Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>First Quarter of the Year 2019 compared
to the First Quarter of the Year 2018</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Total comprehensive loss for the first
quarter of the year 2019 amounted to $0.5 million or $0.15 basic loss per share based on 3,209,604 weighted average number of shares,
compared to total comprehensive loss of $1.5 million for the same period last year or $0.48 basic loss per share based on 3,189,678
weighted average number of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">The following
table corresponds to the breakdown of the factors that led to the decrease in total comprehensive loss during the first quarter
of 2019 compared to the first quarter of 2018 (expressed in $000&rsquo;s):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD"><B>1<SUP>st</SUP>
Quarter of 2019 vs 1<SUP>st</SUP> quarter of 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: #FDFDFD">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; width: 83%; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net loss for the 1<SUP>st</SUP> Quarter of 2018</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 17%; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(1,535)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decrease in voyage revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(395)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Voyage expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(93)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decrease in Vessels operating expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">500</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Depreciation</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Depreciation of dry docking costs</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(241)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Total administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(58)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Other income, net</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">34</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Interest expense and finance costs</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(221)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Gain on derivative financial instruments</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,424</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase in Foreign exchange gains</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">118</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net loss for the 1<SUP>st</SUP> Quarter of 2019</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(472)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Voyage
revenues</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">During the three-month
period ended March 31, 2019 and 2018, our Voyage revenues reached $3.5 million and $3.9 million respectively. The 10% decrease
in Voyage revenues was mainly attributed to the decrease in the average time charter rates achieved by our vessels during the first
quarter of 2019 compared to the same period in 2018. Daily Time Charter Equivalent rate (&ldquo;TCE&rdquo;) for the first quarter
of 2019 was $6,736 per vessel per day versus $8,039 per vessel per day during the same period in 2018 corresponding to a decrease
of 16%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>


<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Voyage expenses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Voyage expenses reached $0.5 million during
the first quarter of 2019 compared to $0.4 million during the same period last year. Voyage expenses include commissions on revenues,
port and other voyage expenses and bunker expenses. Bunker expenses mainly refer to the cost of bunkers consumed during periods
that our vessels are travelling seeking employment. Voyage expenses for the first quarter of 2019 and 2018 are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">In $000&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Commissions</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">46</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">59</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Bunkers expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">412</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">277</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Other voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">54</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">83</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">512</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">419</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>Vessel
operating expenses</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Vessel operating expenses, which include
crew costs, provisions, deck and engine stores, lubricating oils, insurance, maintenance and repairs, decreased by $0.5 million
or 19% to $2.1 million during the three month period ended March 31, 2019 compared to $2.6 million during the same period in 2018.
The breakdown of our operating expenses for the three month period ended March 31, 2019 and 2018 is as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Crew expenses</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">55</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">47</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Repairs and spares</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">18</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">25</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Insurance</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">6</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Stores</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">9</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Lubricants</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">6</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Other</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">4</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">2</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">Average daily
operating expenses during the three month period ended March 31, 2019 and 2018 were $4,634 per vessel per day and $5,745 per vessel
per day respectively, corresponding to a decrease of 19%. This is attributed to the efforts of the Company to keep the costs down
while maintaining high utilization performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: #FDFDFD">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Depreciation of dry docking costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depreciation charge of dry docking costs
during the first quarter of 2019 reached $0.5 million compared to $0.2 million during the same period in 2018. This is due to the
increased cost of dry dockings that 3 of our vessels underwent during 2018 and subsequently resulted to a higher depreciation charge
in the first quarter of 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Interest expense and finance costs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest expense and finance costs for
the first quarter of 2019 reached $0.7 million compared to $0.5 million for the same quarter of 2018 and are analyzed as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">In $000&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Interest payable on long-term borrowings</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">621</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">463</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Bank charges</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Amortization of debt discount</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">29</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">19</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Other finance expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">54</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">1</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">712</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">491</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Gain on derivative financial instruments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The gain on the derivative financial instruments
is mainly attributed to the valuation of the &ldquo;New Convertible Note&rdquo; as of March 31, 2019, which is discussed further
in a following section of this Press Release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Liquidity and capital resources</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of March 31, 2019 and 2018 our cash
and cash equivalents were $3.0 million and $2.1 million respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash used in operating activities
</B>for the three-month period ended March 31, 2019 was $1.1 million compared to Net cash generated from operating activities of
$0.1 million during the respective period in 2018. The decrease in our cash from operations was mainly attributed to the increase
in prepayments and other assets from $0.8 million during the first quarter of 2018 to $1.8 million during the three-month period
under consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash used in financing activities</B>
during the three-month period ended March 31, 2019 and 2018 were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Three months ended</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">March 31,</P></TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">In $000&rsquo;s</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Repayment of long term debt</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,136</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(694</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Proceeds from issuance of Convertible Note</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Net proceeds from shareholders loan (Firment Shipping)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">900</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Proceeds from issuance of share capital</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">600</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Restricted cash</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(150</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(140</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Interest paid</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(580</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(528</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Net cash generated from / (used in) financing activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">4,034</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(762</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of March 31, 2019, we and our vessel-owning
subsidiaries had outstanding borrowings under our loan agreements of an aggregate of $42.6 million compared to $41 million as of
March 31, 2018, gross of unamortized debt discount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>New Convertible Note</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 13, 2019, the Company signed a
securities purchase agreement with a private investor and on March 13, 2019 issued, for gross proceeds of $5 million, a senior
convertible note (the &ldquo;Convertible Note&rdquo;) that is convertible into shares of the Company&rsquo;s common stock, par
value $0.004 per share. If not converted or redeemed beforehand pursuant to the terms of the Convertible Note, the Convertible
Note matures upon the anniversary of its issue. We will use part of the proceeds from the Convertible Note for general corporate
purposes and working capital including repayment of debt. The Convertible Note was issued in a transaction exempt from registration
under the Securities Act. As of the date hereof, no conversion of the Convertible Note has occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Convertible Note provides for
interest to accrue at 10% annually, which interest shall be paid on the first anniversary of the Convertible Note&rsquo;s
issuance unless the Convertible Note is converted or redeemed pursuant to its terms beforehand. The interest may be paid in
common shares of the Company, if certain conditions described within the Convertible Note are met. As per the conversion
clause included in this agreement, the Company has recognized it as a hybrid agreement which includes an embedded derivative.
This embedded derivative was separated to the derivative component and the non-derivative host. The derivative component is
shown separately from the non-derivative host at fair value. The changes in the fair value of the derivative financial
instrument are recognized in the consolidated statement of comprehensive loss. For the period ended March 31, 2019, the
Company recognized a gain on this derivative financial instrument amounting to $1.4 million, which was classified under
 &ldquo;Gain on derivative financial instruments&rdquo; in the consolidated statement of comprehensive loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Subsequent Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Conversion of Debt and Issuance of Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 2, 2019, Globus announced that,
in accordance with the terms and provisions of the revolving credit facility, dated November 21, 2018, between the Company and
Firment Shipping Inc., an entity deemed as an affiliated party through common control, the Company has elected to convert the aggregate
outstanding principal balance and accrued interest of $3,170,136 into 1,132,191 shares of common stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Amended agreement with the bank</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In May 2019 the Company agreed under a
supplemental agreement with Hamburg Commercial Bank AG (formerly known as HSH Nordbank AG) on waivers and relaxations of its loan
covenants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Loan Refinancing</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In May and June, the Company signed term
sheets for the refinance of the entire fleet. The new loan provides 75% financing on the assets at a rate of LIBOR +8.5%. The term
of the new loan is 3 years. There is no fixed loan amortization for the first 18 months, but rather a cash sweep that takes effect
after all costs are paid plus $1,000 per day. We expect to close the loan within the month of June.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>Selected Consolidated
Financial &amp; Operating Data</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding: 0; font-size: 10pt; text-indent: 0; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">March 31,</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">(in thousands of U.S. dollars, except per share data)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: center; text-indent: 0">(unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Consolidated statement of comprehensive loss data:</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Voyage revenues</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,543</TD><TD STYLE="width: 1%; padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,938</TD><TD STYLE="width: 1%; padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Total Revenues</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,543</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,938</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(512</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(419</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Vessel operating expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(2,085</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(2,585</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Depreciation</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,139</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,134</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Depreciation of dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(454</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(213</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Administrative expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(463</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(397</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Administrative expenses payable to related parties</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(128</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(136</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Share-based payments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Other (expenses)/income, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">30</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(4</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Operating (loss)/profit before financing activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,218</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(960</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Interest expense and finance costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(712</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(491</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Gain on derivative financial instruments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">1,424</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Foreign exchange (losses)/gains, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">34</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(84</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Total comprehensive loss for the period</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(472</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,535</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Basic &amp; diluted loss per share for the period(1)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(0.15</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(0.48</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Adjusted EBITDA (2)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">374</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">387</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: justify">The weighted average number of shares for the three month
period ended March 31, 2019 was 3,209,604, compared to 3,189,678 shares for the three month period ended March 31, 2018.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">Adjusted EBITDA represents net earnings before interest
and finance costs net, gains or losses from the change in fair value of derivative financial instruments, foreign exchange gains
or losses, income taxes, depreciation, depreciation of dry-docking costs, amortization of fair value of time charter acquired,
impairment and gains or losses on sale of vessels. Adjusted EBITDA does not represent and should not be considered as an alternative
to total comprehensive income/(loss) or cash generated from operations, as determined by IFRS, and our calculation of Adjusted
EBITDA may not be comparable to that reported by other companies. Adjusted EBITDA is not a recognized measurement under IFRS.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Adjusted EBITDA is included herein because
it is a basis upon which we assess our financial performance and because we believe that it presents useful information to investors
regarding a company&rsquo;s ability to service and/or incur indebtedness and it is frequently used by securities analysts, investors
and other interested parties in the evaluation of companies in our industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Adjusted EBITDA has limitations as an analytical
tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under IFRS. Some
of these limitations are:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjusted EBITDA does not reflect our cash
expenditures or future requirements for capital expenditures or contractual commitments;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjusted EBITDA does not reflect the interest
expense or the cash requirements necessary to service interest or principal payments on our debt;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjusted EBITDA does not reflect changes
in or cash requirements for our working capital needs; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other companies in our industry may calculate
Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because of these limitations, Adjusted
EBITDA should not be considered a measure of discretionary cash available to us to invest in the growth of our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table sets forth a reconciliation
of Adjusted EBITDA to total comprehensive loss and net cash (used in)/ generated from operating activities for the periods presented<B>:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">March 31,</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left; text-indent: 0">(Expressed in thousands of U.S. dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Total comprehensive loss for the period</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(472</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,535</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Interest and finance costs, net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">712</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">491</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Foreign exchange losses/(gains) net,</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(35</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">84</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Depreciation</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">1,139</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">1,134</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Depreciation of dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">454</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">213</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Gain on derivative financial instruments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,424</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Adjusted EBITDA</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">374</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">387</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Share-based payments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">10</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">20</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Payment of deferred dry docking costs</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(353</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(120</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Net (increase)/decrease in operating assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,135</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(819</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Net (decrease)/increase in operating liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(19</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">651</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Provision for staff retirement indemnities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Foreign exchange gains/(losses) net, not attributed to cash and cash equivalents</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(20</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Net cash generated from/(used in) operating activities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(1,123</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">100</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right">Three months ended</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">March 31,</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">(Expressed in thousands of U.S. dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: right; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Statement of cash flow data:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; text-align: left">Net cash (used in)/generated from operating activities</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,123</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right">100</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Net cash (used in)/generated from investing activities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(26</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Net cash (used in)/generated from financing activities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">4,034</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">(762</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0"><P STYLE="margin-top: 0; margin-bottom: 0">As of March</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">31,</P></TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0"><P STYLE="margin-top: 0; margin-bottom: 0">As of December</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">31,</P></TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">(Expressed in thousands of U.S. Dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: center; text-indent: 0">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Consolidated condensed statement of financial position:</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Vessels, net</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">82,176</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">83,750</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Other non-current assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">654</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">130</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Total non-current assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">82,830</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">83,880</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Cash and cash equivalents</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">2,957</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">46</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Other current assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">4,145</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">2,748</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Total current assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">7,102</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">2,794</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Total assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">89,932</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">86,674</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Total equity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">40,588</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">41,050</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Total debt net of unamortized debt discount</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">41,068</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">36,868</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Other liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8,276</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8,756</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Total liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">49,344</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">45,624</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Total equity and liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">89,932</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">86,674</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Consolidated statement of changes in
equity:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">(Expressed in thousands of U.S. Dollars)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0; border-top: Black 1pt solid">Issued share</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0; border-top: Black 1pt solid">Share</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0; border-top: Black 1pt solid">(Accumulated</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0; border-top: Black 1pt solid">Total</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">Capital</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">Premium</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">Deficit)</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">Equity</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">As at December 31, 2018</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">13</TD><TD STYLE="width: 1%; padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">140,334</TD><TD STYLE="width: 1%; padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(99,297</TD><TD STYLE="width: 1%; padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD><TD STYLE="width: 1%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">41,050</TD><TD STYLE="width: 1%; padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Loss for the period</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(472</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(472</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Share-based payments</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">10</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">10</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">As at March 31, 2019</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">13</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">140,344</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">(99,769</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">)</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">40,588</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0"><P STYLE="margin-top: 0; margin-bottom: 0">Three months ended</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">March 31,</P></TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Ownership days (1)</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">450</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">450</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Available days (2)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">450</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">438</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Operating days (3)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">448</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">429</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Fleet utilization (4)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">99.6</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">98.1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Average number of vessels (5)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Daily time charter equivalent (&ldquo;TCE&rdquo;) rate (6)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">6,736</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8,039</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: justify; text-indent: 0">Daily operating expenses (7)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">4,634</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">5,745</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Ownership days are the aggregate number of days in a period during which each vessel in our fleet
has been owned by us.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Available days are the number of ownership days less the aggregate number of days that our vessels
are off-hire due to scheduled repairs or repairs under guarantee, vessel upgrades or special surveys.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Operating days are the number of available days less the aggregate number of days that the vessels
are off-hire due to any reason, including unforeseen circumstances but excluding days during which vessels are seeking employment.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">We calculate fleet utilization by dividing the number of operating days during a period by the
number of available days during the period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Average number of vessels is measured by the sum of the number of days each vessel was part of
our fleet during a relevant period divided by the number of calendar days in such period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify">TCE rates are our voyage revenues less net revenues from our bareboat charters less voyage expenses
during a period divided by the number of our available days during the period excluding bareboat charter days, which is consistent
with industry standards. TCE is a measure not in accordance with GAAP.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD STYLE="text-align: justify">We calculate daily vessel operating expenses by dividing vessel operating expenses by ownership
days for the relevant time period&nbsp;excluding bareboat charter days.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Voyage Revenues to Daily Time Charter
Equivalent (&ldquo;TCE&rdquo;) Reconciliation</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0"><P STYLE="margin-top: 0; margin-bottom: 0">Three months</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">ended March 31,</P></TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2019</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid; text-indent: 0">2018</TD><TD STYLE="padding: 0; font: bold 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: center; text-indent: 0">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Voyage revenues</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,543</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,938</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Less: Voyage expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">512</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">419</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Net revenues excluding bareboat charter revenues</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,031</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">3,519</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Available days net of bareboat charter days</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">450</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">438</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">Daily TCE rate*</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">6,736</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; text-indent: 0">8,039</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">*Subject</TD><TD STYLE="text-align: justify">to rounding.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Globus Maritime Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Globus is an integrated dry bulk
shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of
five dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes
internationally. Globus&rsquo; subsidiaries own and operate five vessels with a total carrying capacity of 300,571 Dwt and a
weighted average age of 11.1 years as of March 31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Safe Harbor Statement</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This communication contains &ldquo;forward-looking
statements&rdquo; as defined under U.S. federal securities laws. Forward-looking statements provide the Company&rsquo;s current
expectations or forecasts of future events. Forward-looking statements include statements about the Company&rsquo;s expectations,
beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present
facts or conditions. Words or phrases such as &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;continue,&rdquo; &ldquo;estimate,&rdquo;
 &ldquo;expect,&rdquo; &ldquo;intend,&rdquo; &ldquo;may,&rdquo; &ldquo;ongoing,&rdquo; &ldquo;plan,&rdquo; &ldquo;potential,&rdquo;
 &ldquo;predict,&rdquo; &ldquo;project,&rdquo; &ldquo;will&rdquo; or similar words or phrases, or the negatives of those words or
phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is
not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking
statements. The Company&rsquo;s actual results could differ materially from those anticipated in forward-looking statements for
many reasons specifically as described in the Company&rsquo;s filings with the Securities and Exchange Commission. Accordingly,
you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Globus undertakes
no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication
or to reflect the occurrence of unanticipated events. You should, however, review the factors and risks Globus describes in the
reports it will file from time to time with the Securities and Exchange Commission after the date of this communication.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>For further information please contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Globus Maritime Limited</FONT></TD>
    <TD STYLE="width: 65%; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+30 210 960 8300</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Athanasios Feidakis, CEO</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&nbsp;a.g.feidakis@globusmaritime.gr</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital Link &ndash; New York</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1 212 661 7566</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nicolas Bornozis</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>globus@capitallink.com</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" "1 D@# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M]D_[\/\ X4?\+.\+_P#/[)_WX?\ PH]A5_E8>VI]SL**X_\ X6=X7_Y_9/\
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MH]>E>S0QL)1]]V9Y5;"RC+W=4<317:?\*M\3?\\K;_O\*/\ A5OB;_GE;?\
M?X5O]9H_S&7L*G8XNBNT_P"%6^)O^>5M_P!_A1_PJWQ-_P \K;_O\*/K-'^8
M/85.QQ=%=I_PJWQ-_P \K;_O\*/^%6^)O^>5M_W^%'UFC_,'L*G8XNBNT_X5
M;XF_YY6W_?X4?\*M\3?\\K;_ +_"CZS1_F#V%3L<717:?\*M\3?\\K;_ +_"
MC_A5OB;_ )Y6W_?X4?6:/\P>PJ=CBZ*[3_A5OB;_ )Y6W_?X4?\ "K?$W_/*
MV_[_  H^LT?Y@]A4['%T5VG_  JWQ-_SRMO^_P */^%6^)O^>5M_W^%'UFC_
M #!["IV.+HKM/^%6^)O^>5M_W^%'_"K?$W_/*V_[_"CZS1_F#V%3L<717:?\
M*M\3?\\K;_O\*/\ A5OB;_GE;?\ ?X4?6:/\P>PJ=CBZ*[3_ (5;XF_YY6W_
M '^%'_"K?$W_ #RMO^_PH^LT?Y@]A4['%T5VG_"K?$W_ #RMO^_PH_X5;XF_
MYY6W_?X4?6:/\P>PJ=CBZ*[3_A5OB;_GE;?]_A1_PJWQ-_SRMO\ O\*/K5'^
M8/85.QS6C:1=:YJL&GVBYEE/4]%'=C["OH;0-"M/#VE16-HORJ,NY'S2-W8U
M@> /!S^&K*:>]5#J$YPQ4Y"(.@!]^I_#TK3\7^)8O#.BO=':UR_R01G^)O4^
MPZG_ .O7F8FLZ\^2&QWT*2I0YY;F=XU\<V_AJ+[+;!)]2<95">(QV9O\.]>-
MJNK^*M9./.O;V8\GT'\E _ "G6%CJ7BO7O)1FFN[AB\DKGA1W8^@'^ KWCPU
MX9L?#.G+;6JAI6P9IR/FD;^@]!VK9N&$C9:R9DE/$RN](G)>'OA196R)-K<G
MVJ;KY,;%8Q]3U/Z5WUGIUEIT(BL[6&WC'\,2!1^E62P4%F( '4FN/UGXE:#I
M+M%%*][.O!6WP5!]V/'Y9KB<JM=]SJ4:5)=CL*6O))_C'<E_W&D1*O\ MS%B
M?R I8/C'<!O](T>-A_TSG*_S!J_J=:U[$_6J7<]*U+0]+UB,QW]C#.,8!=?F
M'T/4?A7G'B3X3E$>YT&4MCG[+*>?^ M_0_G74Z#\1=$URXBM5,UM=2':D4J?
M>/H",C\\5UU3&I5H2ML4Z=*LKGS=I6L:MX5U5GMV>"9&VS02 @-CLR_Y->Z>
M%_%%EXGTT7%N=DZ8$T!/S1G^H]#5#QGX*M?$MHTT2K%J4:_NYL??_P!EO;W[
M?I7C.EZCJ/A37A,BM%<V[E)87XW#/*G_ #[UV-0Q<+QTDCE3GAY6>L3VSQGX
M3@\3Z60H5+Z$$P2^_P#=/L?TZUX!<02VMQ)!/&T<L;%71NH(ZBOI?2-4MM:T
MN"_M6S%,N<=U/<'W!XKAO'O@&YUO4H]1TE8A,XVW"NVW=CHWUQQ^ K/!XCV4
MN2>Q>)H\ZYX'CM%=I_PJWQ-_SRMO^_PH_P"%6^)O^>5M_P!_A7H_6:/\QQ>P
MJ=CBZ*[3_A5OB;_GE;?]_A1_PJWQ-_SRMO\ O\*/K-'^8/85.QQ=%=I_PJWQ
M-_SRMO\ O\*/^%6^)O\ GE;?]_A1]9H_S!["IV.+HKM/^%6^)O\ GE;?]_A1
M_P *M\3?\\K;_O\ "CZS1_F#V%3L<717:?\ "K?$W_/*V_[_  H_X5;XF_YY
M6W_?X4?6:/\ ,'L*G8XNBNT_X5;XF_YY6W_?X4?\*M\3?\\K;_O\*/K-'^8/
M85.QQ=%=I_PJWQ-_SRMO^_PH_P"%6^)O^>5M_P!_A1]9H_S!["IV.+HKM/\
MA5OB;_GE;?\ ?X4?\*M\3?\ /*V_[_"CZS1_F#V%3L<717:?\*M\3?\ /*V_
M[_"C_A5OB;_GE;?]_A1]9H_S!["IV.+HKM/^%6^)O^>5M_W^%'_"K?$W_/*V
M_P"_PH^LT?Y@]A4['%T5VG_"K?$W_/*V_P"_PH_X5;XF_P">5M_W^%'UFC_,
M'L*G8XNBNT_X5;XF_P">5M_W^%'_  JWQ-_SRMO^_P */K5'^8/85.QQ==%X
M2\)7?BF_V)NBLXR/.GQT_P!D>K?RK;L/A3K<M]$E\T$%L3^\=)-S >P]:]@T
MS3+32+"*RLH5B@C& H[^Y]3[US8G&QC&U-W9O0PLI.\]A=,TRTTBPBLK*%8H
M(Q@ =_<^I]ZMT45Y#;;NSTTDE9!1112&%%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %> ?$'7C
MKGB>94;-K:$P1<\'!^9OQ/Z 5[3XGU(Z3X9U"]5MKQPML/HYX7]2*\(\(:4-
M:\56-I(NZ(R>9*#T*KR0?KC'XUWX**2E5?0XL7)MJFNIZW\._#*Z'H274R8O
M;Q1)(2.47^%?ZGW/M7675U!8VLMS<R+'#$I9W;H *E P,5Y/\6?$+M<1:% ^
M(U EN,'J?X5/TZ_B/2L(1EB*NO4VDU0IZ'/^,/'E[XBF>VMF>VTT' C!P9?=
M_P##I]:X^G1QO-(D4:,\CD*JJ,DD] !7MG@SX?6NC01WNI1I/J+ ,%896'V'
M8GW_ "]_5G4IX6%DCSH0GB)79Y98^$/$&HPB:VTJX:,C(9@$!^F[&:KZCX=U
MC2E+7VFW,*#@NR$K_P!]#BOI7%(RJZE64,I&"#T-<:S&=]CJ^HQMN>2_"?P[
MYUS+KLZ_)%F*W!'5B/F;\ <?B?2O7*BM[6"SA$-M#'#$"2$C4*!DY/ ]S4M<
M=:JZLW)G32IJG'E"O,/BMX962W77K:,"2/"7( ^\O16_#I]"/2O3ZKW]G%J%
MA<6DZ[HIHVC8>Q&**-1TYJ2"K34X-'DOPGU\VVI3:+,_[JY!DAR>C@<C\0/_
M !VO8J^9X9)_#_B)7/\ K[&Y^8#N4;D?CBOI6*19HDD0Y5U# CN#71CH)34U
MU,,)-N+B^@^BBBN([ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M_P#X3?Q+_P!!BY_,?X4?\)OXE_Z#%S^8_P *P**/8T^R#VD^YO\ _";^)?\
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M  B_A_\ Z >F_P#@*G^%:U%'/+N')'L9/_"+^'_^@'IO_@*G^%'_  B_A_\
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MNO%J*[_[/H^9R?7*I[3_ ,+?T'_GSU+_ +]Q_P#Q='_"W]!_Y\]2_P"_<?\
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MU8>=6IK+8O4445Q'8%%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 5A>*/"]GXGTTV]P-DZ9,,X'S1G^H]16[151DXNZ)E%25
MF>-?\*@UC_H(67_C_P#A1_PJ#6/^@A9?^/\ ^%>RT5T_7JW<Y_JE+L>-?\*@
MUC_H(67_ (__ (4?\*@UC_H(67_C_P#A7LM%'UZMW#ZI2['C7_"H-8_Z"%E_
MX_\ X4?\*@UC_H(67_C_ /A7LM%'UZMW#ZI2['C7_"H-8_Z"%E_X_P#X4?\
M"H-8_P"@A9?^/_X5[+11]>K=P^J4NQXU_P *@UC_ *"%E_X__A1_PJ#6/^@A
M9?\ C_\ A7LM%'UZMW#ZI2['C7_"H-8_Z"%E_P"/_P"%'_"H-8_Z"%E_X_\
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
8 !1110 4444 %%%% !1110 4444 ?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_002.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    9   _^X #D%D
M;V)E &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$"
M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,#_\  $0@!9 'T P$1  (1 0,1 ?_$ )<  0 # 0$! 0$! 0
M       )"@L(!P8%! ," 0$                     $   !00!  <#!@@)
M" D#!0 " P0%!@ !!P@)$1(36)@*&A36.2$5=[?7>"*U%A>7N!E9,2.V-Q@X
MB*C803(STR0EU79"E-15)C96Z&EA-)51@5-4)Q$!
M /_:  P# 0 "$0,1 #\ O\4"@4'^9QQ2<HT\\TL@@@L9QQQPPEE$E%AN,PTT
MP=P@+++ &]Q"O>UK6MTWH*X?(#YHWC)TA<7J!PZ8.VW^96D1J13#->5+,\0=
MC="C.H-%+\SKU@(.C$2,LTH\IDO(7!&H!V2A(5>][V"IYLMYS#DCRBI<4.NV
M-,!ZM1HXP8FM:6PK<UY+0%BOT!+62B?"2X]<NS#:W1<,.3WN+IO?IM>P;!$5
M/N?GF3R2O.<I%R$9^;E!ZH2P9<!=6'%* )H^UZ0$M6+F"'-:=+;MK]!!9(2
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M$;$LYI^6V:"4C>.1S<1'=48G--M$\[3V!!")*4 DJR8$&>(Z!&6(!=KF )L
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MM:W10?[4'A^<-9M=-F8V=$-B,%8CSA&S4YB8+1E7'L5G29* P)H>U;?RC:W
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MN.*"3CC8YL3KMDZ).;;VAMD@7Z F,N58^_B++MU1KFQMB+HB*N._4"4Z'?\
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M'H'KG/\ XN_[[/\ [1Z!ZYS_ .+O^^S_ .T>@>N<_P#B[_OL_P#M'H'KG/\
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MK_\ H]R+_KZ#Y^2>2/W12MXC(AN/J^^.G\9U4<D8LKQ5OOT$F")ZSDV1F8J
M]HHL  O]DOU "N.W6N&P!!%]LSY6_F-UL;'.0I=?F+8J,,Y)IZUYUFF[?D9S
M& N][!"V8X>$L/R^_G'VMTA+;XZJ,Z/\X(;WM:X5_)!'G^)/CM&)4QO$9DK
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MCKAU &%#&%([MA([AL(/6L'HZ;=-!N):3[6X]WBU1P3M=B]069$LUX_:)8!
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M6&,>[&8;RC@7+#(7(\:YA@<HQS-V8=P ,61R6M"IF<KHE(RS;H'1,0KN<C5
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MO'MKCMG1$EITT?BNPN5FJ,!3D$*4Z8@<8(E5H^>2C+6&]@$Q,() Q]<NP1=
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M>YAHQC$(5P],H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H%
MH% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H%
MH% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H% H%
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MX=\'>X] ]5_S:]XZ >'?!WN/0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X]
M]5_S:]XZ >'?!WN/0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ
M >'?!WN/0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?!WN/
M0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?!WN/0/5?\VO>
M.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?!WN/0/5?\VO>.@'AWP=[
MCT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?!WN/0/5?\VO>.@'AWP=[CT#U7_-K
MWCH!X=\'>X] ]5_S:]XZ >'?!WN/0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'
M>X] ]5_S:]XZ >'?!WN/0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S
M:]XZ >'?!WN/0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?
M!WN/0/5?\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?!WN/0/5?
M\VO>.@'AWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?!WN/0/5?\VO>.@'A
MWP=[CT#U7_-KWCH!X=\'>X] ]5_S:]XZ >'?!WN/0/5?\VO>.@'AWP=[CT%Y
M7RS/(1M)R3:'Y9SGMO-6>=Y'BFV\\Q.R.[+#(K!DJ:$,6',"S!M;3&F(-30V
MJ%!+].G(VZ@90CQA." 0K@+!8(6)J!00?[1^79XJMR,]Y&V7SYA&92C+N57)
MM=IJ_-N:LKQE"XKFE@:8RA,3L4?E;>SMX2V=C3%W"02 (A N*]KB%>]P\!])
M_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=R
MR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-
M_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#T
MG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W
M+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,
MW^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])
M_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=R
MR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-
M_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#T
MG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W
M+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,
MW^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])
M_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=R
MR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-
M_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W+('B(S?[[T#T
MG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,W^^] ])_PE=W
M+('B(S?[[T#TG_"5W<L@>(C-_OO0/2?\)7=RR!XB,W^^] ])_P )7=RR!XB,
MW^^] ])_PE=W+('B(S?[[T#TG_"5W<L@>(C-_OO02SZ'\>^K?&QB&1X,U(A3
MQ!,<2O)#OEA[:'N9RJ<JE,W?8Q#X>Y.1;M+W5W<DZ<YA@C:59. P) !$B&$-
MAF#N(.UZ!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!
M0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*"#_:/S$W%5IOGO(V
MM&?,W3*+Y=Q4Y-K3-6%MPKE>3(6Y<[,#3)D):=]C\4<&=P"8SOB8RXB#AA"(
M=PWO80;VL'@/JP.$KO&Y \.^;_<B@>K X2N\;D#P[YO]R*"9S3_<[6S?/";)
ML)JODYIRCC%[7.+.)S1)U[2\,,A:#  =(S+8P]I6^0Q21(@'%'72+TQ!IB50
M0I+L-.>2:8'45 H%! 3F3S-'$#@7+V5,&9,SW.&?(^&,D3C$^0&A)@C,3PE:
MIOCJ3ND/E;:F=FR'JFUT3H7YG4% 4)S#"#PAL,L0@"M>X>;^K X2N\;D#P[Y
MO]R*!ZL#A*[QN0/#OF_W(H)TM<=A,6[78.QKL7A-Z62/%.6XV3+(,^.#,ZQU
M:Y,BA0I2E*5#(^)4+LVF".2CMV9Y18[='3T=%[4'ME H%!$)O!SJ<:?'?F<G
M7[:+-[Q%<KCA[).54:C.,LB3_P":F&1J7-.R_/+E#HX\-C6Z+P-1B@*(TX*L
M*0PD\1=BCR1##CSU8'"5WC<@>'?-_N10/5@<)7>-R!X=\W^Y%![UK%YB_B:V
M]SMCO6_"NP;\XY6RL[*6""M,IQ'E&$-+T^D-2]W)9OREE$6;&%$Y.A+:,E$4
M>H+NL6#*3$]<\XHL83B4"@4"@\'V"VBUPU0AML@;+YSQ7@J'&F*$Z%]RC-X_
M#DSPM3%!/.;(^4]+DJN1O%BA6N%&@+4*A]-NJ7?IM00QR[S37"'%'0QI*VW=
MI8:0(PM4KB. ]@G)K(-+%8/9EN:W&3:B<0F6OU@FI!J"+V_Z?3\E!\KZL#A*
M[QN0/#OF_P!R*!ZL#A*[QN0/#OF_W(H'JP.$KO&Y \.^;_<B@>K X2N\;D#P
M[YO]R*!ZL#A*[QN0/#OF_P!R*!ZL#A*[QN0/#OF_W(H)G=.=QL";YX$B^R^M
M$H<ICB*8N4F:6%^=HR_Q!<J71!_7QE]+,8I,@;'A,%,\-AQ81&$A":$-A!O<
M-[7H..=\.;CCNXV,O1S!FV^6)1!,CRO&[1EAD:&3%61IRE4PA]D\PA[:Y&.T
M0CKNVIU!S]!'(JZ<9@3P!)",0; ,!<0<4>K X2N\;D#P[YO]R*!ZL#A*[QN0
M/#OF_P!R*!ZL#A*[QN0/#OF_W(H/DWCS<7#$V+1)464,V2$BQ98[.+/@.;$(
MA"':]Q$A _@8W#M"OX!7N18%_P#HBO0?E^KRX;?_ %IL!^@E\_XI0?4,GFT^
M%=U2F*%V:\L1HX"@9(4+WK]E ]4:6$LH=E98XXR/Z&R<P1EP6L,X)O6+%T@L
M'JB$'JD,\T3P?S(X"2^Y1D37&J#224LSP1L4RDF%E$%G>UC>08H61Q(G,N,0
M 6/6%&W&7>W4Z+@N()8M<=V-0MO6U0YZO[+83SL4A3E*G5#C3(L9D[^PDGV!
M<J\DC"!P,D<:,'8P/0!>E3C^6WR4'4% H% H*[>>?-'<2FO&9\GX)FV1\K.\
MSQ%-I!CV7K(3B9WD\6M*8JO.:)"B:) G7$)G8EK=TQR49Q0;E#-)%U!"!T"N
M'DOJ\N&W_P!:; ?H)?/^*4#U>7#;_P"M-@/T$OG_ !2@D#X\><7C_P"3[)<T
MP_JW.9HMR+!H7;(+C&I_!E\(6.<2*>4# Y.T?]M4J2W8MD='A"6L"&X1D^VD
MBZ+A$*X0E[H% H/RWM\98RS.LBDCPUQ^/L3>K=GM]>W!(U,S.U-Y U2]S=7-
M><G1-[>B3%",...& LLL-Q"O:UKWH(#=B/,_<-.O+JXQV^SBC.,E:C%!2QKU
MW@DGR:U"$1TV!=NR)9(RXG>RU1@1!+&A?U(/DZP[@ ((A!'E)/.L\::$791;
M77=V0C J/)-/=(7@R.(C$Y=[A*5H3"\^/JTX*B]NFP#DZ8807M<70+I#8/E?
M6T:"]U';_P#ZOAC[4:!ZVC07NH[?_P#5\,?:C0/6T:"]U';_ /ZOAC[4:#]!
MJ\['QXG+R"WO5W<]O;!=K[2L:F3![PO)Z"3!$]@W*\SL:=1VBBP BZRHKJ %
M<5NM<-@"#K/#WF[>'')ZY&AE<SSY@*ZSJ!LKS#A)R6H4QQ@P +(6*<+/>8@I
M^D0_E-O;V<%K7$,P(;=-!82P+L9@7:3'J#*^N68,=YMQRXJ#D2>88UE31+&8
MIR3 *,6,[@>TJ5 FE\0!/![0A5!)5I[CM8PL-[]%!XWOON;$]#=;)1GR11&0
M9,D 7R)8[Q+AZ(&@)F.:,TY*?D<3QEBV,'#2K[)G"42-P+L<HLG5"1H2E"D)
M!]R;$F!7(FO*5R,1&V9)EE#9+&^$GK!>9VG$.6XTQ\9.<<RZ'8'R$L+AZDC%
MV:]V&+-09M8LA-DB/EO<G;6!.F2GK;&)$1A*A/U0[X_;;RK^C]^1W]&HO]JA
M_2D_H'_T'_R\1?D__25^8_RO_.)^<7L.W_HM_FO_ /&'Y1^R]3V+_=W;]K_M
M]!GH>9"^-KOO](&/OJ0Q?00@T"@E4XEN6G8?B7V'2Y7Q0J.EF+98<V-6=\$.
MKF>DB65HDD/,N 01V+5%QV?1TM4<:QOA1)AR$XP91H%"%0K2* U[M(]W->.0
M?7B&;+ZT3,F60&6$W3.#>IL0DEL!EJ0A.:_8_P @,)2A49'9E'3%0+*$]QF$
MGDF%*DIJA&H3J#0ZVH%!B#<L7Q3>2S[_ /N1^L5D:@X H%!L\\ _P;>/;Z &
MC\>OU!+_ $"@\OS;F*!:]8=REG?*3O\ ,6.,.8_EN2YP[!+L><BB\*8UT@>3
M$:7KEB7. T* 8$R<%^T4'B 4#I&.UJ##^W<VNGN\6V6>MK\DFJ/RGS9D1[EH
M6P]7=<&+1JY@&V$0=$KN41<]K@L,0(&=(*X W$G1 N*W6O>]!RQ0*#[#'L^E
M^*I]!\H8^?%D8GN-YA&I]")*W""!PCTOA[TBD,:?$(QA& *QI>6XE05>]KVL
M,NW3:]!MR<;6ZD1Y"M(]>]M(F-O)/RC V\Z=Q]N,$,J&968>O'\HPSLSC!K"
MT\>G#:M)1C/L Q6W^SJK![,\%[AW)0*#DC?+;J%:&:>[ [=Y 2_.<>P?C]=)
MB&&RTMM'*I6N5HHW (62XFEG%MZB:SQ[;6DL^Y9G8F+;#Z@^CJW#%IW+W4V-
MWWSK*]A=FLB/$_G<E6*O8$ZI0>7&8/'1K#U3;"(#'^U&ABT/8PGW F2)PVZU
M^L<<(U08:<8'*E H% H% H%!K<>4^& 7"9KJ$(@BN7D+8<!E@BM>X!WS;-3+
M!':U^D(K@&$71?Y>B]K_ .6@JB>=6^*;@/[@&+/UBMJJ"H%0*!0*!0*!0?<8
MVR9D3#DYC63<3SF68VR)#71.]Q.<0=_<XQ*HZ[)1=8A>SOC.I2.*%0#Y;7N6
M9;K!O<-^D-[VN&MEY<[EO>.5'39S%F!P;U&U6M[PRP#.1Z)*A;0S=L?6]6LQ
MWF MG:TZ5M:/RZ2L[BD6ITY91 7AF6F$DD)C4Y00L'4"@BDYK.0%+QK<=>==
MBFYQ1H\J+VL&*M?TBL!9UW'-^0DC@@B*DI&>&Y#@7#&](ODRI,.X;*$#&H!:
M_2*UKABV+ERUS6K')R6*G!Q<%2A<O7KE!JM:N6JS1GJEBQ4>,P]2J4GF"&88
M,0AC&*][WO>]!_+0*#O;C%W?E?'9O)K]MA&CG QKQ[-$:7)+"W] S)AB&3?[
M@R?%?93#TZ56L<8BO4C;^WO<M.ZDI5/^>2"]@VVH1-8IDF%Q#(L#?F^4P>?1
M=@FL,D[2;<]JD<4E32D?8Z_-A]PAN<WN[0O)4$CZ+=8LRU^B@^HH%!F&^:_Y
M<LE;![8S3CSQ+-')BUEUJ<F^/Y4:X\XG)4F9L[)"4;O)/RO,2'EB=(SB5R-+
M9T32H!8DE_0+EIECQ>PB2A3YH% H% H% H)-.*'DWS9Q:;8P?.V-GYZ48Y7O
M3*R[ 8G)5FBCN6<5C7A"_-*QJ,4$M]I<RMZ@]7'G,70:VN80WO<:4U4G4!J-
M\MS!+\]Z9ZQ[;:P1IRS\'5;:;4KD;BV.8248O?L[8FQHM4/C^S0=L&:F(?)$
MMQI.%+VT)3;"-.6("?9@"762AN%=*>1_77.<!VSY!$.T$3R!A-\Y5TNS4KTE
MDV_K#B?"VWFEX,:ZZMKFW9#U]79V@D.@VRD-R%&EKNT-<\3,KTYJ8LE:G1$J
M1*&LNX>Q]AE+^F/ZD#\RD\_HI?TV_8/R'_()V_.U_05_H<?T-?Z<WY&?,GY:
M_DW\Z?\ B7V#V3YY_)7^,ZGL'\=05./,A?&UWW^D#'WU(8OH(0:!0*"53B6Y
M:=A^)?8=+E?%"HZ68MEAS8U9WP0ZN9Z2)96B20\RX!!'8M47'9]'2U1QK&^%
M$F'(3C!E&@4(5"M(H#7NTCW<UXY!]>(9LOK1,R99 983=,X-ZFQ"26P&6I"$
MYK]C_(#"4H5&1V91TQ4"RA/<9A)Y)A2I*:H1J$Z@T.MJ#$&Y8OBF\EGW_P#<
MC]8K(U!P!0*#9YX!_@V\>WT -'X]?J"7^@4%*#SE?(9?%&N.+./2 /0D\UV4
M7)LHYG"A6@ I;,'0%[Z(K'W!,68!4 G)&3F\)Y1EOP!$1542,-PGVH,V:@4"
M@4%XKR9G(B#'V9\M\<.0Y"%/&,XDK\T8"3+C+6)(R[$&,DG)44;AB,Z_M4VQ
MLRDN@"[A[('Y+'=6]C5'08&C=0*"J#YR2?.4.XD(W'4)B@"7*VX&&X"\A)-N
M66<VMT(R_E$HM6"PPV/3V>,;)!V#>PK6-" 71TAM>P98M H% H% H% H-7KR
MAOP;87]X#.WX\:Z"L%YU;XIN _N 8L_6*VJH*@5 H% H% H% H+:?DV\X+\>
M<IDNQ&8N."P;!:U9"81M5C>HE42['CQ&,CL#L85TV[94UQMD?DY7\/5+7FW_
M /K8-26@4&7SYOSD/'L?N]'-,(&^G*<4:9-IZ:8$)3;A;7W8:;HT:^7J#>RO
M8MP# (G9N92+FVN8A<ANY8.@)HNL%0V@4"@4&H;Y0GD5!LKI _:9Y D0EV7M
M,%R9!$R7%18;@^ZYR]0I4P8]*,X=CUP<=R,MP83@%A$4W-?S.7<5NV &P6ZZ
M#\>0OK;%V!\DSR=[,T1UG<WUU4=%K]@VM"(]P7'= A!#?LDJ<0OEO:WR?PT&
M#%E[)3]F;+&3\P2HTPZ496R'-<E20XX_VHTU^G4E<Y0\&FJ;E$>T&&.#H9<0
M^H#KWOT]6W3T4'GE H% H% H% H-B_RV^85N:>%C1]\=5!Q[M#(5,</++'7-
M'<A%A[)TUQU%DY9IH;6,)!"H\V7#U.D!=K]G:_2"]K!)3(](=+ICDNV:)=J'
MJ_*<Q!6?.(<L2/ .*'S)=G#KB-]NM.W.)JI399VH[B[7VKK]:][]/3>@Z@H,
M>?S-3&"/<X^]R "D2JRA^P>^7-$78JX1R?6/"DE,36#89EKA1C=KDV%T]([
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M_P#>4PV7UHA[;_Y?_P!(O?LQ8=84!?\ Y>_TBF0QY,7_ +O_  UR$'LG;D)
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M>_8$RI#LJ-$7>X-!4+0_N$.>$SPF:G)8A/$L3(UAJ:P#!E6N,(;]-OEH+>5
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M@4CSGEJ/+07)6QR6Y17@<FR+N*6]Q"1/44@*)E:W(FXA=1R1J.CHMT!L$UM
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?0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
