TREASURY SHARES

In relation with an offer regarding purchasing of
shares to the employees in the company the following
insiders have purchased shares, at NOK 118,- per
share:

Accounting Manager Jostein Fjelland 75 shares (new
number of shares: 2.125 shares)
HSEQ Director Jakob Høines 75 shares (new number of
shares: 1.000 shares)
Chartering & Operations Director Hans Knut Skår Jr 75
shares (new number of shares 1.475 shares)
Chartering Manager Trond Nilsen 75 shares (new number
of shares: 675 shares)
Charterer Ivar Storesund 75 shares (new number of
shares: 275 shares)
Insurance Manager Rita Olsen 75 shares (new number of
shares: 675 shares)
Controller Leif Henning Stave 75 shares (new number
of shares: 675 shares)
HR Director Per Stange 75 shares (new number of
shares: 425 shares)
Finance Director Eivind Kvilhaug 75 shares (new
number of shares: 575 shares)
Deputy Managing Director Sven Stakkestad 75 shares
(new number of shares: 2.900 shares)
Adm & communication coordinator Heine Birkeland 75
shares (new number of shares: 2.305 shares)
Chartering & Operations Director (SOAPAC) Kenneth
Lande 75 shares (new number of shares: 150 shares)
Business Development Director Knut Lussand 75 shares
(new number of shares: 1.850 shares)

In connection with the mentioned offer, the employees
bought a total of 12.825 shares. These will be a
reduction to the company´s stock of treasury shares.
After these transactions the company has a stock of
treasury shares of 215.727.

Skudeneshavn, 18th December 2013