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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 685.75 m 276.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 685.75 m 404.5 685.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 690.42 Td (Yes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 690.42 Td (No) Tj ET Q /GS0 gs q 10.70 0 0 11.71 381.15 688.29 cm /I5 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 662.25 Td (If ) Tj ET Q q 0 0 0 rg BT 45.34 662.25 Td (this ) Tj ET Q q 0 0 0 rg BT 62.47 662.25 Td (report ) Tj ET Q q 0 0 0 rg BT 89.03 662.25 Td (is ) Tj ET Q q 0 0 0 rg BT 98.38 662.25 Td (an ) Tj ET Q q 0 0 0 rg BT 110.50 662.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 139.83 662.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.84 662.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 191.30 662.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 220.36 662.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 254.69 662.25 Td (by ) Tj ET Q q 0 0 0 rg BT 267.37 662.25 Td (check ) Tj ET Q q 0 0 0 rg BT 293.36 662.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 316.59 662.25 Td (if ) Tj ET Q q 0 0 0 rg BT 325.38 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.28 662.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 380.72 662.25 Td (is ) Tj ET Q q 0 0 0 rg BT 390.07 662.25 Td (not ) Tj ET Q q 0 0 0 rg BT 405.53 662.25 Td (required ) Tj ET Q q 0 0 0 rg BT 441.53 662.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.99 662.25 Td (file ) Tj ET Q q 0 0 0 rg BT 467.99 662.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 498.44 662.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 535.56 662.25 Td (to ) Tj ET Q q 0 0 0 rg BT 546.02 662.25 Td (Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 650.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 48.50 650.25 Td (or ) Tj ET Q q 0 0 0 rg BT 59.33 650.25 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 83.49 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.32 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.04 650.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 150.97 650.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 192.34 650.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 209.28 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.11 650.25 Td (1934.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 610.75 m 276.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 610.75 m 404.5 610.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 615.42 Td (Yes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 615.42 Td (No) Tj ET Q /GS0 gs q 10.70 0 0 11.71 381.15 613.29 cm /I6 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 587.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 58.29 587.25 Td (- ) Tj ET Q q 0 0 0 rg BT 64.48 587.25 Td (Checking ) Tj ET Q q 0 0 0 rg BT 105.66 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.74 587.25 Td (box ) Tj ET Q q 0 0 0 rg BT 138.59 587.25 Td (above ) Tj ET Q q 0 0 0 rg BT 165.33 587.25 Td (will ) Tj ET Q q 0 0 0 rg BT 183.74 587.25 Td (not ) Tj ET Q q 0 0 0 rg BT 199.37 587.25 Td (relieve ) Tj ET Q q 0 0 0 rg BT 229.43 587.25 Td (any ) Tj ET Q q 0 0 0 rg BT 246.73 587.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 287.35 587.25 Td (required ) Tj ET Q q 0 0 0 rg BT 323.52 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.15 587.25 Td (file ) Tj ET Q q 0 0 0 rg BT 350.34 587.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 380.96 587.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 418.26 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.89 587.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 461.74 587.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 474.60 587.25 Td (or ) Tj ET Q q 0 0 0 rg BT 485.79 587.25 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 510.30 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.49 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.56 587.25 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 575.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 77.37 575.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 94.31 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.14 575.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 127.64 575.25 Td (from ) Tj ET Q q 0 0 0 rg BT 149.58 575.25 Td (their ) Tj ET Q q 0 0 0 rg BT 170.40 575.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 217.35 575.25 Td (under ) Tj ET Q q 0 0 0 rg BT 242.62 575.25 Td (those ) Tj ET Q q 0 0 0 rg BT 266.22 575.25 Td (Sections.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 551.25 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 69.97 551.25 Td (by ) Tj ET Q q 0 0 0 rg BT 81.74 551.25 Td (check ) Tj ET Q q 0 0 0 rg BT 106.82 551.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 129.13 551.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 163.11 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.09 551.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 216.63 551.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 230.05 551.25 Td (has ) Tj ET Q q 0 0 0 rg BT 245.15 551.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 265.24 551.25 Td (all ) Tj ET Q q 0 0 0 rg BT 277.01 551.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 306.54 551.25 Td (required ) Tj ET Q q 0 0 0 rg BT 341.63 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.17 551.25 Td (be ) Tj ET Q q 0 0 0 rg BT 362.38 551.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 382.47 551.25 Td (by ) Tj ET Q q 0 0 0 rg BT 394.24 551.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 426.00 551.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 437.77 551.25 Td (or ) Tj ET Q q 0 0 0 rg BT 447.87 551.25 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 471.29 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.39 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.38 551.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 536.58 551.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 539.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 52.89 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 63.67 539.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 86.11 539.25 Td (during ) Tj ET Q q 0 0 0 rg BT 114.67 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.34 539.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 171.21 539.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 183.66 539.25 Td (months ) Tj ET Q q 0 0 0 rg BT 215.56 539.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 229.66 539.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.77 539.25 Td (such ) Tj ET Q q 0 0 0 rg BT 264.55 539.25 Td (shorter ) Tj ET Q q 0 0 0 rg BT 294.77 539.25 Td (period ) Tj ET Q q 0 0 0 rg BT 322.77 539.25 Td (that ) Tj ET Q q 0 0 0 rg BT 340.21 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.87 539.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 395.09 539.25 Td (was ) Tj ET Q q 0 0 0 rg BT 413.09 539.25 Td (required ) Tj ET Q q 0 0 0 rg BT 448.85 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.08 539.25 Td (file ) Tj ET Q q 0 0 0 rg BT 474.85 539.25 Td (such ) Tj ET Q q 0 0 0 rg BT 495.63 539.25 Td (reports\), ) Tj ET Q q 0 0 0 rg BT 531.68 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.57 539.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 562.67 539.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 527.25 Td (been ) Tj ET Q q 0 0 0 rg BT 57.38 527.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 88.20 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.48 527.25 Td (such ) Tj ET Q q 0 0 0 rg BT 119.31 527.25 Td (filing ) Tj ET Q q 0 0 0 rg BT 143.48 527.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 198.18 527.25 Td (for ) Tj ET Q q 0 0 0 rg BT 212.34 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.05 527.25 Td (past ) Tj ET Q q 0 0 0 rg BT 245.66 527.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 258.16 527.25 Td (days.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 487.75 m 276.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 487.75 m 404.5 487.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 492.42 Td (Yes) Tj ET Q /GS0 gs q 10.70 0 0 11.71 253.15 490.29 cm /I7 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 492.42 Td (No) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 464.25 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 70.46 464.25 Td (by ) Tj ET Q q 0 0 0 rg BT 82.72 464.25 Td (check ) Tj ET Q q 0 0 0 rg BT 108.29 464.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 131.10 464.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 165.56 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.04 464.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 220.06 464.25 Td (has ) Tj ET Q q 0 0 0 rg BT 235.65 464.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 277.35 464.25 Td (electronically ) Tj ET Q q 0 0 0 rg BT 334.02 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.72 464.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 379.09 464.25 Td (on ) Tj ET Q q 0 0 0 rg BT 391.34 464.25 Td (its ) Tj ET Q q 0 0 0 rg BT 403.05 464.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 442.90 464.25 Td (W) Tj ET Q q 0 0 0 rg BT 451.54 464.25 Td (eb ) Tj ET Q q 0 0 0 rg BT 463.23 464.25 Td (site, ) Tj ET Q q 0 0 0 rg BT 481.88 464.25 Td (if ) Tj ET Q q 0 0 0 rg BT 490.25 464.25 Td (any) Tj ET Q q 0 0 0 rg BT 504.04 464.25 Td (, ) Tj ET Q q 0 0 0 rg BT 508.79 464.25 Td (every ) Tj ET Q q 0 0 0 rg BT 533.26 464.25 Td (Interactive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 452.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 57.63 452.25 Td (File ) Tj ET Q q 0 0 0 rg BT 75.94 452.25 Td (required ) Tj ET Q q 0 0 0 rg BT 112.01 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.54 452.25 Td (be ) Tj ET Q q 0 0 0 rg BT 134.73 452.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 176.93 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.12 452.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 222.98 452.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 260.17 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.70 452.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 292.34 452.25 Td (405 ) Tj ET Q q 0 0 0 rg BT 310.09 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.18 452.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 367.81 452.25 Td (S-T) Tj ET Q q 0 0 0 rg BT 382.63 452.25 Td ( ) Tj ET Q q 0 0 0 rg BT 385.38 452.25 Td (\(232.405 ) Tj ET Q q 0 0 0 rg BT 428.97 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.05 452.25 Td (this ) Tj ET Q q 0 0 0 rg BT 457.25 452.25 Td (chapter\) ) Tj ET Q q 0 0 0 rg BT 492.76 452.25 Td (during ) Tj ET Q q 0 0 0 rg BT 521.62 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.59 452.25 Td (preceding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 440.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 48.50 440.25 Td (months ) Tj ET Q q 0 0 0 rg BT 80.45 440.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 94.61 440.25 Td (for ) Tj ET Q q 0 0 0 rg BT 108.77 440.25 Td (such ) Tj ET Q q 0 0 0 rg BT 129.60 440.25 Td (shorter ) Tj ET Q q 0 0 0 rg BT 159.87 440.25 Td (period ) Tj ET Q q 0 0 0 rg BT 187.91 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 205.41 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.13 440.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 260.39 440.25 Td (was ) Tj ET Q q 0 0 0 rg BT 278.44 440.25 Td (required ) Tj ET Q q 0 0 0 rg BT 314.26 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.54 440.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 354.26 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.20 440.25 Td (post ) Tj ET Q q 0 0 0 rg BT 390.37 440.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.20 440.25 Td (files\).) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 402.75 m 276.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 402.75 m 404.5 402.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 407.42 Td (Yes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 407.42 Td (No) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 379.25 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 70.11 379.25 Td (by ) Tj ET Q q 0 0 0 rg BT 82.02 379.25 Td (check ) Tj ET Q q 0 0 0 rg BT 107.25 379.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 129.70 379.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 163.82 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.94 379.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 217.62 379.25 Td (is ) Tj ET Q q 0 0 0 rg BT 226.20 379.25 Td (a ) Tj ET Q q 0 0 0 rg BT 232.54 379.25 Td (lar) Tj ET Q q 0 0 0 rg BT 242.91 379.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 254.26 379.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 301.12 379.25 Td (filer) Tj ET Q q 0 0 0 rg BT 317.38 379.25 Td (, ) Tj ET Q q 0 0 0 rg BT 321.79 379.25 Td (an ) Tj ET Q q 0 0 0 rg BT 333.13 379.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 380.00 379.25 Td (filer ) Tj ET Q q 0 0 0 rg BT 398.56 379.25 Td (or ) Tj ET Q q 0 0 0 rg BT 408.80 379.25 Td (a ) Tj ET Q q 0 0 0 rg BT 415.15 379.25 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 480.35 379.25 Td (filer) Tj ET Q q 0 0 0 rg BT 496.45 379.25 Td (. ) Tj ET Q q 0 0 0 rg BT 500.86 379.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.77 379.25 Td (See ) Tj ET Q q 0 0 0 rg BT 519.12 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.24 379.25 Td (definitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 367.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 367.25 Td (lar) Tj ET Q q 0 0 0 rg BT 61.63 367.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 73.57 367.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 121.03 367.25 Td (filer ) Tj ET Q q 0 0 0 rg BT 144.62 367.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.56 367.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 213.46 367.25 Td (filer ) Tj ET Q q 0 0 0 rg BT 237.05 367.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.33 367.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 268.71 367.25 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 294.54 367.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.38 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.09 367.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 361.46 367.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 380.90 367.25 Td (\(Check ) Tj ET Q q 0 0 0 rg BT 412.28 367.25 Td (one\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.15 335.32 Td (Lar) Tj ET Q q 0 0 0 rg BT 118.85 335.32 Td (ge accelerated filer ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 199.90 333.16 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.55 335.32 Td (Accelerated filer ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 336.44 333.16 cm /I9 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.70 335.32 Td (Non-accelerated filer ) Tj ET Q /GS0 gs q 8.92 0 0 10.09 493.36 333.16 cm /I10 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 307.25 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 70.70 307.25 Td (by ) Tj ET Q q 0 0 0 rg BT 83.20 307.25 Td (check ) Tj ET Q q 0 0 0 rg BT 109.02 307.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 132.06 307.25 Td (which ) Tj ET Q q 0 0 0 rg BT 159.00 307.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 181.50 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.33 307.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 238.71 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.42 307.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 293.69 307.25 Td (has ) Tj ET Q q 0 0 0 rg BT 309.52 307.25 Td (used ) Tj ET Q q 0 0 0 rg BT 330.35 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 340.62 307.25 Td (prepare ) Tj ET Q q 0 0 0 rg BT 373.10 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.82 307.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.30 307.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 470.01 307.25 Td (included ) Tj ET Q q 0 0 0 rg BT 506.94 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.22 307.25 Td (this ) Tj ET Q q 0 0 0 rg BT 534.17 307.25 Td (filing:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 270.75 m 61.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 255.75 m 61.5 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 241.75 m 61.5 241.75 l s /GS0 gs q 10.70 0 0 11.71 42.65 270.59 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 275.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 275.32 Td (U.S. GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 260.42 Td (International Financial Reporting Standards as issued by the international Accounting Standards Board) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 246.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 218.25 Td (If ) Tj ET Q q 0 0 0 rg BT 45.27 218.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 79.52 218.25 Td (has ) Tj ET Q q 0 0 0 rg BT 95.46 218.25 Td (been ) Tj ET Q q 0 0 0 rg BT 116.94 218.25 Td (checked ) Tj ET Q q 0 0 0 rg BT 152.30 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.69 218.25 Td (response ) Tj ET Q q 0 0 0 rg BT 200.29 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.67 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.50 218.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 262.54 218.25 Td (question, ) Tj ET Q q 0 0 0 rg BT 301.54 218.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 335.79 218.25 Td (by ) Tj ET Q q 0 0 0 rg BT 348.40 218.25 Td (check ) Tj ET Q q 0 0 0 rg BT 374.33 218.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 397.48 218.25 Td (which ) Tj ET Q q 0 0 0 rg BT 424.53 218.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.11 218.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 503.04 218.25 Td (item ) Tj ET Q q 0 0 0 rg BT 523.42 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.25 218.25 Td (registrant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 206.25 Td (has ) Tj ET Q q 0 0 0 rg BT 51.83 206.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 82.64 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.92 206.25 Td (follow:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 168.75 m 239.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 168.75 m 369.5 168.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 173.42 Td (Item 17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 173.42 Td (Item 18) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 145.25 Td (If ) Tj ET Q q 0 0 0 rg BT 45.32 145.25 Td (this ) Tj ET Q q 0 0 0 rg BT 62.43 145.25 Td (is ) Tj ET Q q 0 0 0 rg BT 71.75 145.25 Td (an ) Tj ET Q q 0 0 0 rg BT 83.85 145.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 113.17 145.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 142.20 145.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 176.51 145.25 Td (by ) Tj ET Q q 0 0 0 rg BT 189.17 145.25 Td (check ) Tj ET Q q 0 0 0 rg BT 215.14 145.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 238.35 145.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 273.21 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.09 145.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 328.51 145.25 Td (is ) Tj ET Q q 0 0 0 rg BT 337.84 145.25 Td (a ) Tj ET Q q 0 0 0 rg BT 344.94 145.25 Td (shell ) Tj ET Q q 0 0 0 rg BT 366.48 145.25 Td (company ) Tj ET Q q 0 0 0 rg BT 405.80 145.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 420.12 145.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 452.76 145.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.20 145.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 484.74 145.25 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 510.73 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.72 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.60 145.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 133.25 Td (Act\).) 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749.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 337.03 749.25 Td (A) Tj ET Q q 0 0 0 rg BT 343.51 749.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 142.82 725.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 188.09 725.25 Td (include ) Tj ET Q q 0 0 0 rg BT 220.58 725.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 265.84 725.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 313.32 725.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 339.98 725.25 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 386.08 725.25 Td (goals, ) Tj ET Q q 0 0 0 rg BT 412.74 725.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 456.06 725.25 Td (future ) Tj ET Q q 0 0 0 rg BT 482.99 725.25 Td (events ) Tj ET Q q 0 0 0 rg BT 511.59 725.25 Td (or ) Tj ET Q q 0 0 0 rg BT 522.98 725.25 Td (performance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 713.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 98.76 713.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 150.71 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.65 713.25 Td (other ) Tj ET Q q 0 0 0 rg BT 190.70 713.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 237.91 713.25 Td (which ) Tj ET Q q 0 0 0 rg BT 264.85 713.25 Td (are ) Tj ET Q q 0 0 0 rg BT 279.55 713.25 Td (other ) Tj ET Q q 0 0 0 rg BT 302.60 713.25 Td (than ) Tj ET Q q 0 0 0 rg BT 322.32 713.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 367.03 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.86 713.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 417.57 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 428.40 713.25 Td (present ) Tj ET Q q 0 0 0 rg BT 459.78 713.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 481.16 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 491.99 713.25 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.25 Td (This ) Tj ET Q q 0 0 0 rg BT 91.12 689.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 122.29 689.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 151.23 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.40 689.25 Td (any ) Tj ET Q q 0 0 0 rg BT 183.56 689.25 Td (other ) Tj ET Q q 0 0 0 rg BT 205.83 689.25 Td (written ) Tj ET Q q 0 0 0 rg BT 235.88 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 245.94 689.25 Td (oral ) Tj ET Q q 0 0 0 rg BT 263.21 689.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 307.15 689.25 Td (made ) Tj ET Q q 0 0 0 rg BT 330.53 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 342.26 689.25 Td (us ) Tj ET Q q 0 0 0 rg BT 352.88 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.93 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 374.66 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.71 689.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 416.43 689.25 Td (may ) Tj ET Q q 0 0 0 rg BT 435.37 689.25 Td (include ) Tj ET Q q 0 0 0 rg BT 466.53 689.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 533.79 689.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (which ) Tj ET Q q 0 0 0 rg BT 63.54 677.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 92.17 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 108.60 677.25 Td (current ) Tj ET Q q 0 0 0 rg BT 140.01 677.25 Td (views ) Tj ET Q q 0 0 0 rg BT 166.44 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 187.32 677.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 218.74 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.62 677.25 Td (future ) Tj ET Q q 0 0 0 rg BT 256.59 677.25 Td (events ) Tj ET Q q 0 0 0 rg BT 285.24 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.78 677.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.86 677.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 396.75 677.25 Td (The ) Tj ET Q q 0 0 0 rg BT 415.40 677.25 Td (words ) Tj ET Q q 0 0 0 rg BT 442.94 677.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 486.29 677.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 539.64 677.25 Td (intend, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 85.01 665.25 Td (forecast, ) Tj ET Q q 0 0 0 rg BT 132.34 665.25 Td (project, ) Tj ET Q q 0 0 0 rg BT 175.79 665.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 208.69 665.25 Td (potential, ) Tj ET Q q 0 0 0 rg BT 259.36 665.25 Td (may) Tj ET Q q 0 0 0 rg BT 280.37 665.25 Td (, ) Tj ET Q q 0 0 0 rg BT 291.62 665.25 Td (should, ) Tj ET Q q 0 0 0 rg BT 333.97 665.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 373.25 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.00 665.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 424.08 665.25 Td (expressions ) Tj ET Q q 0 0 0 rg BT 475.05 665.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 510.46 665.25 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.98 629.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 157.96 629.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 202.60 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.82 629.25 Td (this ) Tj ET Q q 0 0 0 rg BT 229.70 629.25 Td (document ) Tj ET Q q 0 0 0 rg BT 271.57 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 286.21 629.25 Td (based ) Tj ET Q q 0 0 0 rg BT 311.42 629.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 333.85 629.25 Td (various ) Tj ET Q q 0 0 0 rg BT 365.73 629.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 420.11 629.25 Td (many ) Tj ET Q q 0 0 0 rg BT 444.76 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.53 629.25 Td (which ) Tj ET Q q 0 0 0 rg BT 482.40 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 497.04 629.25 Td (based, ) Tj ET Q q 0 0 0 rg BT 524.75 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.96 629.25 Td (turn, ) Tj ET Q q 0 0 0 rg BT 556.01 629.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (further ) Tj ET Q q 0 0 0 rg BT 65.12 617.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 118.97 617.25 Td (including ) Tj ET Q q 0 0 0 rg BT 158.65 617.25 Td (without ) Tj ET Q q 0 0 0 rg BT 191.12 617.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 234.41 617.25 Td (management's ) Tj ET Q q 0 0 0 rg BT 293.10 617.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 344.44 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.68 617.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 393.80 617.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 433.47 617.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 462.32 617.25 Td (data ) Tj ET Q q 0 0 0 rg BT 480.88 617.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 521.66 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.35 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 546.59 617.25 Td (records ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.89 605.25 Td (other ) Tj ET Q q 0 0 0 rg BT 77.88 605.25 Td (data ) Tj ET Q q 0 0 0 rg BT 97.99 605.25 Td (available ) Tj ET Q q 0 0 0 rg BT 137.52 605.25 Td (from ) Tj ET Q q 0 0 0 rg BT 160.41 605.25 Td (third ) Tj ET Q q 0 0 0 rg BT 182.75 605.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 214.59 605.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 255.82 605.25 Td (we ) Tj ET Q q 0 0 0 rg BT 270.93 605.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 303.25 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 321.69 605.25 Td (these ) Tj ET Q q 0 0 0 rg BT 345.69 605.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 398.58 605.25 Td (were ) Tj ET Q q 0 0 0 rg BT 421.46 605.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 467.66 605.25 Td (when ) Tj ET Q q 0 0 0 rg BT 492.77 605.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 520.38 605.25 Td (because ) Tj ET Q q 0 0 0 rg BT 555.47 605.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 88.77 593.25 Td (are ) Tj ET Q q 0 0 0 rg BT 104.30 593.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 148.16 593.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.80 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.90 593.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 236.43 593.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 290.84 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.60 593.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 366.90 593.25 Td (which ) Tj ET Q q 0 0 0 rg BT 394.66 593.25 Td (are ) Tj ET Q q 0 0 0 rg BT 410.19 593.25 Td (dif) Tj ET Q q 0 0 0 rg BT 421.12 593.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 445.54 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 457.19 593.25 Td (impossible ) Tj ET Q q 0 0 0 rg BT 503.85 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.95 593.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 546.03 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 563.79 593.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 67.94 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 83.77 581.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 117.09 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 131.25 581.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 160.41 581.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 187.90 581.25 Td (you ) Tj ET Q q 0 0 0 rg BT 205.40 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 222.89 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 237.05 581.25 Td (will ) Tj ET Q q 0 0 0 rg BT 255.11 581.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 288.14 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 298.97 581.25 Td (accomplish ) Tj ET Q q 0 0 0 rg BT 347.02 581.25 Td (these ) Tj ET Q q 0 0 0 rg BT 370.06 581.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 425.04 581.25 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 454.20 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 465.03 581.25 Td (projections.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.39 557.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.22 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.06 557.25 Td (these ) Tj ET Q q 0 0 0 rg BT 149.67 557.25 Td (important ) Tj ET Q q 0 0 0 rg BT 190.61 557.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 219.88 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.38 557.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 267.87 557.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 308.26 557.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 350.30 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.14 557.25 Td (this ) Tj ET Q q 0 0 0 rg BT 376.19 557.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 407.69 557.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 439.47 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.97 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.81 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.09 557.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 525.47 557.25 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (by ) Tj ET Q q 0 0 0 rg BT 48.01 545.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 87.21 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.00 545.25 Td (this ) Tj ET Q q 0 0 0 rg BT 113.02 545.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 144.47 545.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 176.20 545.25 Td (important ) Tj ET Q q 0 0 0 rg BT 217.09 545.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 246.31 545.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 265.82 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.61 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 290.96 545.25 Td (view) Tj ET Q q 0 0 0 rg BT 309.75 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 314.26 545.25 Td (could ) Tj ET Q q 0 0 0 rg BT 338.49 545.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 362.71 545.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 388.60 545.25 Td (results ) Tj ET Q q 0 0 0 rg BT 416.72 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.51 545.25 Td (dif) Tj ET Q q 0 0 0 rg BT 437.44 545.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 450.55 545.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 493.10 545.25 Td (from ) Tj ET Q q 0 0 0 rg BT 514.55 545.25 Td (those ) Tj ET Q q 0 0 0 rg BT 537.67 545.25 Td (discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.17 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 60.77 533.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 128.70 533.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 173.30 533.25 Td (include ) Tj ET Q q 0 0 0 rg BT 205.12 533.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 234.72 533.25 Td (related ) Tj ET Q q 0 0 0 rg BT 264.31 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.48 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.08 533.25 Td (of) Tj ET Q q 0 0 0 rg BT 297.23 533.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 324.61 533.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 356.45 533.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 389.10 533.25 Td (including ) Tj ET Q q 0 0 0 rg BT 429.26 533.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 458.32 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.15 533.25 Td (demand, ) Tj ET Q q 0 0 0 rg BT 511.69 533.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 554.63 533.25 Td (rates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (day ) Tj ET Q q 0 0 0 rg BT 53.08 521.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 77.09 521.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 116.39 521.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 148.47 521.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 191.37 521.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 239.56 521.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 268.58 521.25 Td (ef) Tj ET Q q 0 0 0 rg BT 276.17 521.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 297.68 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.65 521.25 Td (new ) Tj ET Q q 0 0 0 rg BT 327.95 521.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 345.59 521.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.22 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.08 521.25 Td (market ) Tj ET Q q 0 0 0 rg BT 403.48 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.56 521.25 Td (ef) Tj ET Q q 0 0 0 rg BT 428.15 521.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 449.66 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.63 521.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 495.47 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 505.89 521.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.09 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 536.16 521.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 552.13 521.25 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.42 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 66.62 509.25 Td (state ) Tj ET Q q 0 0 0 rg BT 86.92 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.23 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.43 509.25 Td (global ) Tj ET Q q 0 0 0 rg BT 138.40 509.25 Td (economy ) Tj ET Q q 0 0 0 rg BT 177.04 509.25 Td (on ) Tj ET Q q 0 0 0 rg BT 189.02 509.25 Td (market ) Tj ET Q q 0 0 0 rg BT 218.76 509.25 Td (outlook ) Tj ET Q q 0 0 0 rg BT 251.30 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.94 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 280.25 509.25 Td (various ) Tj ET Q q 0 0 0 rg BT 311.67 509.25 Td (geographical ) Tj ET Q q 0 0 0 rg BT 365.29 509.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 405.03 509.25 Td (sectors ) Tj ET Q q 0 0 0 rg BT 434.78 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.20 509.25 Td (classes ) Tj ET Q q 0 0 0 rg BT 480.95 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.26 509.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 510.74 509.25 Td (hazards ) Tj ET Q q 0 0 0 rg BT 543.25 509.25 Td (inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.81 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 62.07 497.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 94.55 497.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 130.36 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.84 497.25 Td (marine ) Tj ET Q q 0 0 0 rg BT 178.64 497.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 223.33 497.25 Td (causing ) Tj ET Q q 0 0 0 rg BT 256.91 497.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 293.82 497.25 Td (injury ) Tj ET Q q 0 0 0 rg BT 320.75 497.25 Td (or ) Tj ET Q q 0 0 0 rg BT 332.11 497.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 350.71 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.08 497.25 Td (life, ) Tj ET Q q 0 0 0 rg BT 380.94 497.25 Td (severe ) Tj ET Q q 0 0 0 rg BT 409.51 497.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 443.64 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.46 497.25 Td (or ) Tj ET Q q 0 0 0 rg BT 465.82 497.25 Td (destruction ) Tj ET Q q 0 0 0 rg BT 513.29 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.66 497.25 Td (property ) Tj ET Q q 0 0 0 rg BT 561.57 497.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 83.10 485.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 121.59 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.31 485.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 192.45 485.25 Td (damage, ) Tj ET Q q 0 0 0 rg BT 228.43 485.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 256.92 485.25 Td (by ) Tj ET Q q 0 0 0 rg BT 269.30 485.25 Td (third ) Tj ET Q q 0 0 0 rg BT 290.57 485.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 319.61 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.33 485.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 373.26 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.08 485.25 Td (suspension ) Tj ET Q q 0 0 0 rg BT 436.36 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.07 485.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 493.61 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.99 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.38 485.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 537.42 485.25 Td (contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (including ) Tj ET Q q 0 0 0 rg BT 75.44 473.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 109.30 473.25 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 145.12 473.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 178.98 473.25 Td (commencements, ) Tj ET Q q 0 0 0 rg BT 250.34 473.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 284.21 473.25 Td (terminations, ) Tj ET Q q 0 0 0 rg BT 338.36 473.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 372.23 473.25 Td (option ) Tj ET Q q 0 0 0 rg BT 399.44 473.25 Td (exercises, ) Tj ET Q q 0 0 0 rg BT 440.25 473.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 474.12 473.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 513.82 473.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 547.68 473.25 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.05 461.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 66.77 461.25 Td (mobilizations, ) Tj ET Q q 0 0 0 rg BT 126.31 461.25 Td (newbuildings, ) Tj ET Q q 0 0 0 rg BT 185.31 461.25 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 226.52 461.25 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 263.57 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.62 461.25 Td (other ) Tj ET Q q 0 0 0 rg BT 303.77 461.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 333.03 461.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 369.80 461.25 Td (including ) Tj ET Q q 0 0 0 rg BT 410.18 461.25 Td (completion, ) Tj ET Q q 0 0 0 rg BT 460.28 461.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 495.66 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.70 461.25 Td (commencement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 47.31 449.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 91.95 449.25 Td (dates, ) Tj ET Q q 0 0 0 rg BT 117.98 449.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 156.50 449.25 Td (downtime ) Tj ET Q q 0 0 0 rg BT 199.48 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.90 449.25 Td (lost ) Tj ET Q q 0 0 0 rg BT 234.33 449.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 271.46 449.25 Td (political ) Tj ET Q q 0 0 0 rg BT 307.21 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.63 449.25 Td (other ) Tj ET Q q 0 0 0 rg BT 348.16 449.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 404.74 449.25 Td (including ) Tj ET Q q 0 0 0 rg BT 445.49 449.25 Td (political ) Tj ET Q q 0 0 0 rg BT 481.24 449.25 Td (unrest, ) Tj ET Q q 0 0 0 rg BT 511.17 449.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 533.04 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.35 449.25 Td (terrorist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (acts, ) Tj ET Q q 0 0 0 rg BT 55.85 437.25 Td (war ) Tj ET Q q 0 0 0 rg BT 72.65 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.90 437.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 108.48 437.25 Td (disturbances, ) Tj ET Q q 0 0 0 rg BT 162.77 437.25 Td (piracy) Tj ET Q q 0 0 0 rg BT 187.10 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 191.41 437.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 235.43 437.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 292.22 437.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 331.22 437.25 Td (over ) Tj ET Q q 0 0 0 rg BT 350.80 437.25 Td (many ) Tj ET Q q 0 0 0 rg BT 374.82 437.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 405.51 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.64 437.25 Td (local ) Tj ET Q q 0 0 0 rg BT 436.88 437.25 Td (economies, ) Tj ET Q q 0 0 0 rg BT 483.95 437.25 Td (seizure, ) Tj ET Q q 0 0 0 rg BT 516.58 437.25 Td (nationalization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 46.52 425.25 Td (expropriation ) Tj ET Q q 0 0 0 rg BT 102.59 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.12 425.25 Td (property ) Tj ET Q q 0 0 0 rg BT 149.19 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.71 425.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 206.62 425.25 Td (repudiation, ) Tj ET Q q 0 0 0 rg BT 256.86 425.25 Td (nullification, ) Tj ET Q q 0 0 0 rg BT 310.43 425.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 363.72 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 374.25 425.25 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 429.20 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.73 425.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 480.51 425.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 525.49 425.25 Td (on ) Tj ET Q q 0 0 0 rg BT 537.68 425.25 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 76.23 413.25 Td (such ) Tj ET Q q 0 0 0 rg BT 96.21 413.25 Td (as ) Tj ET Q q 0 0 0 rg BT 106.19 413.25 Td (war ) Tj ET Q q 0 0 0 rg BT 122.83 413.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 139.48 413.25 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 179.71 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.14 413.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 217.99 413.25 Td (areas, ) Tj ET Q q 0 0 0 rg BT 242.68 413.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 273.21 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.29 413.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 308.73 413.25 Td (monetary ) Tj ET Q q 0 0 0 rg BT 348.14 413.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 374.79 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.87 413.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 421.40 413.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 458.02 413.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 506.89 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.97 413.25 Td (devaluations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 50.16 401.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 85.42 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.14 401.25 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 134.83 401.25 Td (income ) Tj ET Q q 0 0 0 rg BT 166.20 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 176.47 401.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 207.56 401.25 Td (complications ) Tj ET Q q 0 0 0 rg BT 265.59 401.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 308.63 401.25 Td (with ) Tj ET Q q 0 0 0 rg BT 328.34 401.25 Td (repairing ) Tj ET Q q 0 0 0 rg BT 366.38 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.75 401.25 Td (replacing ) Tj ET Q q 0 0 0 rg BT 421.89 401.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 466.04 401.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.76 401.25 Td (remote ) Tj ET Q q 0 0 0 rg BT 505.46 401.25 Td (locations, ) Tj ET Q q 0 0 0 rg BT 546.00 401.25 Td (import-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (export ) Tj ET Q q 0 0 0 rg BT 64.80 389.25 Td (quotas, ) Tj ET Q q 0 0 0 rg BT 96.65 389.25 Td (wage ) Tj ET Q q 0 0 0 rg BT 121.00 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.69 389.25 Td (price ) Tj ET Q q 0 0 0 rg BT 161.93 389.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 197.39 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.08 389.25 Td (imposition ) Tj ET Q q 0 0 0 rg BT 261.11 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.69 389.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 295.93 389.25 Td (barriers, ) Tj ET Q q 0 0 0 rg BT 332.21 389.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 376.56 389.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.14 389.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.37 389.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 481.82 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.85 389.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 526.09 389.25 Td (with ) Tj ET Q q 0 0 0 rg BT 547.12 389.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (bureaucratic ) Tj ET Q q 0 0 0 rg BT 89.31 377.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 124.04 377.25 Td (including ) Tj ET Q q 0 0 0 rg BT 165.72 377.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 204.61 377.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 251.30 377.25 Td (on ) Tj ET Q q 0 0 0 rg BT 265.20 377.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 298.55 377.25 Td (activity) Tj ET Q q 0 0 0 rg BT 327.89 377.25 Td (, ) Tj ET Q q 0 0 0 rg BT 334.29 377.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 374.85 377.25 Td (taxation ) Tj ET Q q 0 0 0 rg BT 410.97 377.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 445.97 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.32 377.25 Td (other ) Tj ET Q q 0 0 0 rg BT 488.77 377.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 516.00 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.23 377.25 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 78.47 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.83 365.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 135.63 365.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 179.22 365.25 Td (that ) Tj ET Q q 0 0 0 rg BT 196.14 365.25 Td (are ) Tj ET Q q 0 0 0 rg BT 210.27 365.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 241.64 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 256.89 365.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 289.64 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.78 365.25 Td (level ) Tj ET Q q 0 0 0 rg BT 325.14 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.40 365.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.85 365.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 401.43 365.25 Td (expenditures,our ) Tj ET Q q 0 0 0 rg BT 470.28 365.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 507.74 365.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 547.43 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 557.68 365.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 64.44 353.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 117.31 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.54 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.54 353.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 175.44 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.66 353.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 209.55 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.67 353.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 266.44 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.56 353.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 304.99 353.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 340.93 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 356.05 353.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 383.38 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.95 353.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 443.61 353.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 475.39 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 490.50 353.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 521.73 353.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 545.46 353.25 Td (procure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (or ) Tj ET Q q 0 0 0 rg BT 47.60 341.25 Td (have ) Tj ET Q q 0 0 0 rg BT 69.75 341.25 Td (access ) Tj ET Q q 0 0 0 rg BT 98.57 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.62 341.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 153.16 341.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 181.98 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.03 341.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 226.30 341.25 Td (with ) Tj ET Q q 0 0 0 rg BT 247.35 341.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 267.85 341.25 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 313.60 341.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 350.77 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.48 341.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 409.51 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.11 341.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 442.16 341.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 463.76 341.25 Td (for ) Tj ET Q q 0 0 0 rg BT 478.70 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.30 341.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 545.52 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.79 341.25 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 329.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 73.87 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 89.72 329.25 Td (results ) Tj ET Q q 0 0 0 rg BT 118.35 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.19 329.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 173.37 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.33 329.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 210.61 329.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 231.46 329.25 Td (from ) Tj ET Q q 0 0 0 rg BT 253.42 329.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 300.09 329.25 Td (including ) Tj ET Q q 0 0 0 rg BT 340.38 329.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 378.44 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.40 329.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 436.51 329.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 456.25 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.10 329.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 495.72 329.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 518.51 329.25 Td (including ) Tj ET Q q 0 0 0 rg BT 558.80 329.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 79.52 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 84.45 317.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 112.99 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.85 317.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 167.82 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.58 317.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 200.44 317.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 224.81 317.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 239.46 317.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 273.82 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.25 317.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 310.88 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.09 317.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 335.73 317.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 358.99 317.25 Td (treaties ) Tj ET Q q 0 0 0 rg BT 390.29 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.16 317.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 456.52 317.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 471.16 317.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 521.92 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.79 317.25 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (for ) Tj ET Q q 0 0 0 rg BT 50.05 305.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.65 305.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 93.42 305.25 Td (including ) Tj ET Q q 0 0 0 rg BT 133.58 305.25 Td (those ) Tj ET Q q 0 0 0 rg BT 157.08 305.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 200.56 305.25 Td (with ) Tj ET Q q 0 0 0 rg BT 220.72 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 236.43 305.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 274.92 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.08 305.25 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 326.62 305.25 Td (Norway) Tj ET Q q 0 0 0 rg BT 358.19 305.25 Td (, ) Tj ET Q q 0 0 0 rg BT 363.07 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.67 305.25 Td (United ) Tj ET Q q 0 0 0 rg BT 407.27 305.25 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 449.94 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.76 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.36 305.25 Td (United ) Tj ET Q q 0 0 0 rg BT 510.97 305.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 539.74 305.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 561.56 305.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 79.71 293.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 114.27 293.25 Td (including ) Tj ET Q q 0 0 0 rg BT 154.66 293.25 Td (results ) Tj ET Q q 0 0 0 rg BT 183.39 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.45 293.25 Td (ef) Tj ET Q q 0 0 0 rg BT 208.04 293.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 229.54 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.49 293.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 262.54 293.25 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 315.98 293.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 353.04 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.10 293.25 Td (ef) Tj ET Q q 0 0 0 rg BT 377.68 293.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 399.18 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.13 293.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 443.30 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.36 293.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 517.96 293.25 Td (investigations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (customs ) Tj ET Q q 0 0 0 rg BT 71.51 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.68 281.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 149.17 281.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 183.83 281.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 224.88 281.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 259.54 281.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 279.49 281.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 308.05 281.25 Td (ef) Tj ET Q q 0 0 0 rg BT 315.64 281.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 337.24 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.30 281.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 394.91 281.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 429.85 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.02 281.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 484.74 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.80 281.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 542.41 281.25 Td (policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (recruitment ) Tj ET Q q 0 0 0 rg BT 83.59 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.53 269.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 136.57 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.40 269.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 186.78 269.25 Td (, ) Tj ET Q q 0 0 0 rg BT 190.78 269.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 223.39 269.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 242.11 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.04 269.25 Td (other ) Tj ET Q q 0 0 0 rg BT 280.09 269.25 Td (post ) Tj ET Q q 0 0 0 rg BT 298.26 269.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 340.85 269.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 370.12 269.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 388.83 269.25 Td (contributions, ) Tj ET Q q 0 0 0 rg BT 445.61 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.32 269.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 486.94 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.77 269.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 537.68 269.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.95 257.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 85.22 257.25 Td (payments, ) Tj ET Q q 0 0 0 rg BT 129.56 257.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 180.84 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.79 257.25 Td (divestitures ) Tj ET Q q 0 0 0 rg BT 248.41 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.25 257.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 305.98 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.93 257.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 350.77 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.72 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.45 257.25 Td (execution ) Tj ET Q q 0 0 0 rg BT 426.83 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.67 257.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 489.95 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.23 257.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 534.17 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.12 257.25 Td (divest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 80.36 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.94 245.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 124.91 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.49 245.25 Td (other ) Tj ET Q q 0 0 0 rg BT 164.18 245.25 Td (important ) Tj ET Q q 0 0 0 rg BT 205.20 245.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 234.55 245.25 Td (described ) Tj ET Q q 0 0 0 rg BT 275.01 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 296.59 245.25 Td (time ) Tj ET Q q 0 0 0 rg BT 316.50 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.42 245.25 Td (time ) Tj ET Q q 0 0 0 rg BT 346.34 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.26 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.61 245.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 400.52 245.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 420.99 245.25 Td (by ) Tj ET Q q 0 0 0 rg BT 433.13 245.25 Td (us ) Tj ET Q q 0 0 0 rg BT 444.16 245.25 Td (with ) Tj ET Q q 0 0 0 rg BT 464.08 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.44 245.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 520.02 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 536.60 245.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 91.70 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 102.66 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.51 233.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 173.21 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.28 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.13 233.25 Td (New ) Tj ET Q q 0 0 0 rg BT 226.26 233.25 Td (Y) Tj ET Q q 0 0 0 rg BT 232.48 233.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 248.44 233.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 273.85 233.25 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 318.41 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 329.38 233.25 Td (NYSE. ) Tj ET Q q 0 0 0 rg BT 360.43 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 369.07 233.25 Td (e ) Tj ET Q q 0 0 0 rg BT 376.14 233.25 Td (caution ) Tj ET Q q 0 0 0 rg BT 408.21 233.25 Td (readers ) Tj ET Q q 0 0 0 rg BT 439.71 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.67 233.25 Td (this ) Tj ET Q q 0 0 0 rg BT 467.17 233.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 499.24 233.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 529.09 233.25 Td (not ) Tj ET Q q 0 0 0 rg BT 544.50 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 554.92 233.25 Td (place ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (undue ) Tj ET Q q 0 0 0 rg BT 61.93 221.25 Td (reliance ) Tj ET Q q 0 0 0 rg BT 95.07 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.56 221.25 Td (these ) Tj ET Q q 0 0 0 rg BT 128.60 221.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 195.63 221.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 241.84 221.25 Td (which ) Tj ET Q q 0 0 0 rg BT 267.77 221.25 Td (speak ) Tj ET Q q 0 0 0 rg BT 292.04 221.25 Td (only ) Tj ET Q q 0 0 0 rg BT 311.31 221.25 Td (as ) Tj ET Q q 0 0 0 rg BT 321.13 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.96 221.25 Td (their ) Tj ET Q q 0 0 0 rg BT 350.78 221.25 Td (dates.) Tj ET Q q 0 0 0 rg BT 378.64 221.25 Td (W) Tj ET Q q 0 0 0 rg BT 387.28 221.25 Td (e ) Tj ET Q q 0 0 0 rg BT 393.21 221.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 434.13 221.25 Td (no ) Tj ET Q q 0 0 0 rg BT 445.62 221.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 487.67 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.94 221.25 Td (update ) Tj ET Q q 0 0 0 rg BT 525.09 221.25 Td (any ) Tj ET Q q 0 0 0 rg BT 541.02 221.25 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 68.03 209.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 107.83 209.25 Td (or ) Tj ET Q q 0 0 0 rg BT 117.63 209.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 161.32 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 170.57 209.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 197.58 209.25 Td (events ) Tj ET Q q 0 0 0 rg BT 224.60 209.25 Td (or ) Tj ET Q q 0 0 0 rg BT 234.40 209.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 292.52 209.25 Td (after ) Tj ET Q q 0 0 0 rg BT 312.31 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.00 209.25 Td (date ) Tj ET Q q 0 0 0 rg BT 344.13 209.25 Td (on ) Tj ET Q q 0 0 0 rg BT 355.60 209.25 Td (which ) Tj ET Q q 0 0 0 rg BT 381.52 209.25 Td (such ) Tj ET Q q 0 0 0 rg BT 401.32 209.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 441.12 209.25 Td (is ) Tj ET Q q 0 0 0 rg BT 449.26 209.25 Td (made ) Tj ET Q q 0 0 0 rg BT 472.39 209.25 Td (or ) Tj ET Q q 0 0 0 rg BT 482.20 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.45 209.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 518.46 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.15 209.25 Td (occurrence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 47.21 197.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 103.95 197.25 Td (events. ) Tj ET Q q 0 0 0 rg BT 134.88 197.25 Td (New ) Tj ET Q q 0 0 0 rg BT 156.64 197.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 186.73 197.25 Td (emer) Tj ET Q q 0 0 0 rg BT 206.53 197.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 218.85 197.25 Td (from ) Tj ET Q q 0 0 0 rg BT 241.16 197.25 Td (time ) Tj ET Q q 0 0 0 rg BT 261.82 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.47 197.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 295.62 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.94 197.25 Td (it ) Tj ET Q q 0 0 0 rg BT 321.38 197.25 Td (is ) Tj ET Q q 0 0 0 rg BT 330.92 197.25 Td (not ) Tj ET Q q 0 0 0 rg BT 346.58 197.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 382.24 197.25 Td (for ) Tj ET Q q 0 0 0 rg BT 396.78 197.25 Td (us ) Tj ET Q q 0 0 0 rg BT 408.55 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.20 197.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 449.85 197.25 Td (all ) Tj ET Q q 0 0 0 rg BT 462.72 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.93 197.25 Td (these ) Tj ET Q q 0 0 0 rg BT 497.35 197.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 529.94 197.25 Td (Further) Tj ET Q q 0 0 0 rg BT 558.98 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 564.35 197.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 64.62 185.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 91.04 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.22 185.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 134.40 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.70 185.25 Td (each ) Tj ET Q q 0 0 0 rg BT 164.99 185.25 Td (such ) Tj ET Q q 0 0 0 rg BT 185.29 185.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 210.57 185.25 Td (on ) Tj ET Q q 0 0 0 rg BT 222.54 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 237.84 185.25 Td (business ) Tj ET Q q 0 0 0 rg BT 273.70 185.25 Td (or ) Tj ET Q q 0 0 0 rg BT 284.00 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.19 185.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 324.59 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.34 185.25 Td (which ) Tj ET Q q 0 0 0 rg BT 360.75 185.25 Td (any ) Tj ET Q q 0 0 0 rg BT 377.15 185.25 Td (factor) Tj ET Q q 0 0 0 rg BT 400.07 185.25 Td (, ) Tj ET Q q 0 0 0 rg BT 404.54 185.25 Td (or ) Tj ET Q q 0 0 0 rg BT 414.84 185.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 466.80 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.10 185.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 508.77 185.25 Td (may ) Tj ET Q q 0 0 0 rg BT 527.96 185.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 552.13 185.25 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (results ) Tj ET Q q 0 0 0 rg BT 64.61 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 74.89 173.25 Td (be ) Tj ET Q q 0 0 0 rg BT 86.83 173.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 129.86 173.25 Td (dif) Tj ET Q q 0 0 0 rg BT 140.79 173.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 166.61 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 188.54 173.25 Td (those ) Tj ET Q q 0 0 0 rg BT 212.15 173.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 253.52 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.80 173.25 Td (any ) Tj ET Q q 0 0 0 rg BT 280.74 173.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 314.89 173.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 347.95 173.25 Td (statement.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 749.25 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 749.25 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 749.25 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 726.25 Td (ITEM 1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 726.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 726.25 Td (IDENTITY) Tj ET Q q 0 0 0 rg BT 139.09 726.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 155.10 726.25 Td ( DIRECT) Tj ET Q q 0 0 0 rg BT 196.32 726.25 Td (ORS, SENIOR MANAGEMENT) Tj ET Q q 0 0 0 rg BT 338.10 726.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.04 726.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 363.66 726.25 Td (ADVISERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 702.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 702.25 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 679.25 Td (ITEM 2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 679.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 679.25 Td (OFFER ST) Tj ET Q q 0 0 0 rg BT 137.88 679.25 Td (A) Tj ET Q q 0 0 0 rg BT 144.36 679.25 Td (TISTICS ) Tj ET Q q 0 0 0 rg BT 185.77 679.25 Td (AND EXPECTED ) Tj ET Q q 0 0 0 rg BT 266.71 679.25 Td (TIMET) Tj ET Q q 0 0 0 rg BT 299.31 679.25 Td (ABLE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 655.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 655.25 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 632.25 Td (ITEM 3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 632.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 632.25 Td (KEY) Tj ET Q q 0 0 0 rg BT 111.30 632.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 161.94 632.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 608.25 Td (Throughout ) Tj ET Q q 0 0 0 rg BT 122.60 608.25 Td (this ) Tj ET Q q 0 0 0 rg BT 140.42 608.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 170.18 608.25 Td (all ) Tj ET Q q 0 0 0 rg BT 183.55 608.25 Td (references ) Tj ET Q q 0 0 0 rg BT 228.01 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.16 608.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 265.58 608.25 Td (our) Tj ET Q q 0 0 0 rg BT 282.95 608.25 Td (, ) Tj ET Q q 0 0 0 rg BT 293.26 608.25 Td (us ) Tj ET Q q 0 0 0 rg BT 314.41 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.23 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.83 608.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.97 608.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 421.21 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.37 608.25 Td (North ) Tj ET Q q 0 0 0 rg BT 458.33 608.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 493.93 608.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 528.97 608.25 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 548.73 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 566.55 608.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 596.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 88.46 596.25 Td (Unless ) Tj ET Q q 0 0 0 rg BT 118.42 596.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 160.04 596.25 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 201.94 596.25 Td (all ) Tj ET Q q 0 0 0 rg BT 214.68 596.25 Td (references ) Tj ET Q q 0 0 0 rg BT 258.49 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.02 596.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 293.98 596.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 330.88 596.25 Td (USD, ) Tj ET Q q 0 0 0 rg BT 365.00 596.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 406.34 596.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 435.74 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.93 596.25 Td ($ ) Tj ET Q q 0 0 0 rg BT 469.55 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 480.07 596.25 Td (this ) Tj ET Q q 0 0 0 rg BT 497.26 596.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 526.66 596.25 Td (report ) Tj ET Q q 0 0 0 rg BT 553.28 596.25 Td (are ) Tj ET Q q 0 0 0 rg BT 568.23 596.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 51.20 584.25 Td (lawful ) Tj ET Q q 0 0 0 rg BT 79.72 584.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 117.68 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.99 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.19 584.25 Td (United ) Tj ET Q q 0 0 0 rg BT 174.38 584.25 Td (States ) Tj ET Q q 0 0 0 rg BT 201.25 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.90 584.25 Td (America ) Tj ET Q q 0 0 0 rg BT 249.31 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.72 584.25 Td (references ) Tj ET Q q 0 0 0 rg BT 310.78 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.54 584.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 373.38 584.25 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 409.12 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.54 584.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 460.06 584.25 Td (are ) Tj ET Q q 0 0 0 rg BT 475.25 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.01 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.21 584.25 Td (lawful ) Tj ET Q q 0 0 0 rg BT 529.73 584.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 567.69 584.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 572.25 Td (Norway) Tj ET Q q 0 0 0 rg BT 67.56 572.25 Td (. ) Tj ET Q q 0 0 0 rg BT 72.56 572.25 Td (References ) Tj ET Q q 0 0 0 rg BT 119.47 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.75 572.25 Td (this ) Tj ET Q q 0 0 0 rg BT 146.70 572.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 175.85 572.25 Td (report ) Tj ET Q q 0 0 0 rg BT 202.23 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.51 572.25 Td (our ) Tj ET Q q 0 0 0 rg BT 228.34 572.25 Td (common ) Tj ET Q q 0 0 0 rg BT 265.83 572.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 293.32 572.25 Td (are ) Tj ET Q q 0 0 0 rg BT 308.03 572.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 343.85 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.13 572.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.16 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.87 572.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 453.25 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.08 572.25 Td (our ) Tj ET Q q 0 0 0 rg BT 479.91 572.25 Td (common ) Tj ET Q q 0 0 0 rg BT 517.41 572.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 544.90 572.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 560.25 Td (a ) Tj ET Q q 0 0 0 rg BT 42.94 560.25 Td (one-for) Tj ET Q q 0 0 0 rg BT 72.17 560.25 Td (-five ) Tj ET Q q 0 0 0 rg BT 93.54 560.25 Td (reverse ) Tj ET Q q 0 0 0 rg BT 124.91 560.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 148.52 560.25 Td (split, ) Tj ET Q q 0 0 0 rg BT 170.75 560.25 Td (which ) Tj ET Q q 0 0 0 rg BT 197.68 560.25 Td (our ) Tj ET Q q 0 0 0 rg BT 213.51 560.25 Td (board ) Tj ET Q q 0 0 0 rg BT 238.78 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.61 560.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 287.10 560.25 Td (made ) Tj ET Q q 0 0 0 rg BT 311.25 560.25 Td (ef) Tj ET 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0.9333333333333333 1 rg /GS0 gs 378.50 620.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 620.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 620.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 582.50 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 582.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 582.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 582.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 582.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 548.50 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 548.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 548.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 548.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 548.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 520.50 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 520.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 520.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 520.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 520.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 492.50 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 492.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 492.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 492.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 492.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 464.50 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 464.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 464.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 464.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 464.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 436.50 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 436.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 436.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 436.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 436.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 416.50 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 416.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 416.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 416.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 416.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 388.50 273.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 388.50 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 388.50 63.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 388.50 66.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 388.50 63.00 -24.00 re f /GS0 gs BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.00 718.95 Td (\(in millions of U.S. dollars except) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.00 709.95 Td (common shar) Tj ET Q q 0 0 0 rg BT 95.08 709.95 Td (e and per) Tj ET Q q 0 0 0 rg BT 130.92 709.95 Td ( shar) Tj ET Q q 0 0 0 rg BT 150.01 709.95 Td (e data\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.26 709.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.65 735.95 Td (Year ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.50 709.95 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.50 709.95 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.20 709.95 Td (2011) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.50 709.95 Td (2010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 43.00 666.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.20 666.95 Td (Consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.20 666.95 Td (Consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.95 684.95 Td (Combined) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.70 675.95 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.70 666.95 Td (Consolidated ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.45 684.95 Td (Combined) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.20 675.95 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.20 666.95 Td (Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 653.18 Td (Statement of Operations Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 653.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 653.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 639.07 Td (Total operating revenues from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 639.07 Td (1,324.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 639.07 Td (1,044.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 639.07 Td (938.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 639.07 Td (874.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 625.07 Td (Net operating income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 625.07 Td (360.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 625.07 Td (404.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 625.07 Td (402.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 625.07 Td (391.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 611.07 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 611.07 Td (235.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 611.07 Td (181.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 611.07 Td (246.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 611.07 Td (290.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 597.07 Td (Earnings per share, basic and diluted-continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 587.07 Td (operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 84.66 591.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 587.17 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 587.17 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 587.17 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 587.17 Td (1.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 573.07 Td (Dividends declared per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 573.07 Td (0.905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 573.07 Td (0.900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 573.07 Td (0.375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 573.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 559.07 Td (Weighted average common shares outstanding, in millions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 559.07 Td (227.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 559.07 Td (220.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 559.07 Td (192.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 559.07 Td (150.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 539.18 Td (Balance Sheet Data \(at end of period\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 539.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 539.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 525.07 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 148.25 529.60 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 525.07 Td (84.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 525.07 Td (98.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 525.07 Td (147.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 525.07 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 511.07 Td (Drilling rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 511.07 Td (2,377.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 511.07 Td (2,416.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 511.07 Td (2,006.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 511.07 Td (2,072.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 497.07 Td (Newbuildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 497.07 Td (312.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 497.07 Td (248.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 497.07 Td (572.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 497.07 Td (119.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 483.07 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 483.07 Td (480.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 483.07 Td (480.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 483.07 Td (480.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 483.07 Td (480.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 469.07 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 469.07 Td (3,699.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 469.07 Td (3,938.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 469.07 Td (3,607.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 469.07 Td (4,320.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 455.07 Td (Interest bearing debt \(including current portion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 455.07 Td (2,447.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 455.07 Td (2,452.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 455.07 Td (2,626.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 455.07 Td (1,480.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 441.07 Td (Common share capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 441.07 Td (1,138.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 441.07 Td (1,138.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 441.07 Td (988.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 441.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 427.07 Td (Total shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 427.07 Td (857.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 427.07 Td (838.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 427.07 Td (525.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 427.07 Td (1,667.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 407.18 Td (Other Financial Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 407.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 407.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 393.07 Td (Net cash provided by continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 393.07 Td (425.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 393.07 Td (254.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 393.07 Td (334.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 393.07 Td (252.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 379.07 Td (Net cash used in investing activities from continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 369.07 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 369.17 Td (\(103.9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 369.17 Td (\(238.8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 369.17 Td (\(390.4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 369.17 Td (\(104.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 369.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 355.07 Td (Net cash \(used in\)/provided by financing activities from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 345.07 Td (continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 345.17 Td (\(334.0\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.80 345.17 Td (\(64.6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 345.17 Td (199.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 345.17 Td (\(240.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 345.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 329.00 Td (____________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 305.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 66.00 305.00 Td (Basic and diluted earnings per share has been computed assuming the shares issued to Seadrill Limited \(Seadrill\) upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 293.00 Td (formation of the Company and as part of consideration for the North ) Tj ET Q q 0 0 0 rg BT 342.04 293.00 Td (Atlantic Restructuring, amounting to 150,003,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 281.00 Td (common shares, were outstanding for all periods presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 269.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 66.00 269.00 Td (Excludes restricted cash.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 245.00 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 245.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 245.00 Td (Capitalization and Indebtedness) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 221.00 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 197.00 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 197.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 197.00 Td (Reasons for) Tj ET Q q 0 0 0 rg BT 122.09 197.00 Td ( the Offer) Tj ET Q q 0 0 0 rg BT 163.56 197.00 Td ( and Use of Pr) Tj ET Q q 0 0 0 rg BT 223.93 197.00 Td (oceeds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 173.00 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 149.00 Td (D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 149.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 149.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 93.95 149.00 Td (Factors) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 125.00 Td (The ) Tj ET Q q 0 0 0 rg BT 88.73 125.00 Td (following ) Tj ET Q q 0 0 0 rg BT 128.25 125.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 148.88 125.00 Td (r) Tj ET Q q 0 0 0 rg BT 152.40 125.00 Td (elate ) Tj ET Q q 0 0 0 rg BT 173.57 125.00 Td (principally ) Tj ET Q q 0 0 0 rg BT 219.19 125.00 Td (to ) Tj ET Q q 0 0 0 rg BT 228.70 125.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.65 125.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 277.16 125.00 Td (in ) Tj ET Q q 0 0 0 rg BT 286.68 125.00 Td (which ) Tj ET Q q 0 0 0 rg BT 312.30 125.00 Td (we ) Tj ET Q q 0 0 0 rg BT 325.14 125.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 357.42 125.00 Td (and ) Tj ET Q q 0 0 0 rg BT 374.16 125.00 Td (our ) Tj ET Q q 0 0 0 rg BT 389.78 125.00 Td (business ) Tj ET Q q 0 0 0 rg BT 425.41 125.00 Td (in ) Tj ET Q q 0 0 0 rg BT 434.92 125.00 Td (general. ) Tj ET Q q 0 0 0 rg BT 469.71 125.00 Td (The ) Tj ET Q q 0 0 0 rg BT 486.44 125.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 507.07 125.00 Td (and ) Tj ET Q q 0 0 0 rg BT 523.80 125.00 Td (uncertainties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 113.00 Td (described ) Tj ET Q q 0 0 0 rg BT 77.51 113.00 Td (below ) Tj ET Q q 0 0 0 rg BT 104.03 113.00 Td (ar) Tj ET Q q 0 0 0 rg BT 112.55 113.00 Td (e ) Tj ET Q q 0 0 0 rg BT 119.62 113.00 Td (not ) Tj ET Q q 0 0 0 rg BT 135.03 113.00 Td (the ) Tj ET Q q 0 0 0 rg BT 149.88 113.00 Td (only ) Tj ET Q q 0 0 0 rg BT 169.73 113.00 Td (ones ) Tj ET Q q 0 0 0 rg BT 190.70 113.00 Td (we ) Tj ET Q q 0 0 0 rg BT 204.44 113.00 Td (face. ) Tj ET Q q 0 0 0 rg BT 226.23 113.00 Td ( ) Tj ET Q q 0 0 0 rg BT 228.67 113.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 273.53 113.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 295.05 113.00 Td (and ) Tj ET Q q 0 0 0 rg BT 312.68 113.00 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 367.53 113.00 Td (not ) Tj ET Q q 0 0 0 rg BT 382.94 113.00 Td (pr) Tj ET Q q 0 0 0 rg BT 391.46 113.00 Td (esently ) Tj ET Q q 0 0 0 rg BT 421.86 113.00 Td (known ) Tj ET Q q 0 0 0 rg BT 450.60 113.00 Td (to ) Tj ET Q q 0 0 0 rg BT 461.01 113.00 Td (us ) Tj ET Q q 0 0 0 rg BT 472.54 113.00 Td (or ) Tj ET Q q 0 0 0 rg BT 484.06 113.00 Td (that ) Tj ET Q q 0 0 0 rg BT 502.25 113.00 Td (we ) Tj ET Q q 0 0 0 rg BT 515.99 113.00 Td (curr) Tj ET Q q 0 0 0 rg BT 532.84 113.00 Td (ently ) Tj ET Q q 0 0 0 rg BT 554.91 113.00 Td (deem ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 101.00 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 82.87 101.00 Td (also ) Tj ET Q q 0 0 0 rg BT 102.52 101.00 Td (may ) Tj ET Q q 0 0 0 rg BT 122.17 101.00 Td (impair ) Tj ET Q q 0 0 0 rg BT 151.82 101.00 Td (our ) Tj ET Q q 0 0 0 rg BT 168.70 101.00 Td (business ) Tj ET Q q 0 0 0 rg BT 205.57 101.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 253.83 101.00 Td ( ) Tj ET Q q 0 0 0 rg BT 256.82 101.00 Td (If ) Tj ET Q q 0 0 0 rg BT 265.91 101.00 Td (any ) Tj ET Q q 0 0 0 rg BT 283.33 101.00 Td (of ) Tj ET Q q 0 0 0 rg BT 294.09 101.00 Td (the ) Tj ET Q q 0 0 0 rg BT 309.29 101.00 Td (following ) Tj ET Q q 0 0 0 rg BT 350.06 101.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 371.93 101.00 Td (occur) Tj ET Q q 0 0 0 rg BT 393.59 101.00 Td (, ) Tj ET Q q 0 0 0 rg BT 399.08 101.00 Td (our ) Tj ET Q q 0 0 0 rg BT 415.95 101.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 455.33 101.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.86 101.00 Td (condition, ) Tj ET Q q 0 0 0 rg BT 537.12 101.00 Td (operating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 89.00 Td (r) Tj ET Q q 0 0 0 rg BT 39.52 89.00 Td (esults ) Tj ET Q q 0 0 0 rg BT 64.80 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 82.30 89.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.13 89.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 126.75 89.00 Td (could ) Tj ET Q q 0 0 0 rg BT 151.46 89.00 Td (be ) Tj ET Q q 0 0 0 rg BT 163.40 89.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 207.01 89.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 247.82 89.00 Td (affected ) Tj ET Q q 0 0 0 rg BT 281.97 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 299.47 89.00 Td (the ) Tj ET Q q 0 0 0 rg BT 314.19 89.00 Td (trading ) Tj ET Q q 0 0 0 rg BT 346.14 89.00 Td (price ) Tj ET Q q 0 0 0 rg BT 369.18 89.00 Td (of ) Tj ET Q q 0 0 0 rg BT 379.46 89.00 Td (our ) Tj ET Q q 0 0 0 rg BT 395.85 89.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 436.68 89.00 Td (could ) Tj ET Q q 0 0 0 rg BT 461.40 89.00 Td (decline.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 93.95 749.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 128.66 749.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 167.27 749.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.10 749.25 Td (Our) Tj ET Q q 0 0 0 rg BT 195.70 749.25 Td ( ) Tj ET Q q 0 0 0 rg BT 198.20 749.25 Td (Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 725.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.60 725.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 123.42 725.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 159.67 725.25 Td (on ) Tj ET Q q 0 0 0 rg BT 173.15 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.85 725.25 Td (level ) Tj ET Q q 0 0 0 rg BT 210.65 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.90 725.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 254.25 725.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.51 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.21 725.25 Td (of) Tj ET Q q 0 0 0 rg BT 289.36 725.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 318.39 725.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 331.87 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.35 725.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 367.17 725.25 Td (industry) Tj ET Q q 0 0 0 rg BT 400.70 725.25 Td (, ) Tj ET Q q 0 0 0 rg BT 406.12 725.25 Td (which ) Tj ET Q q 0 0 0 rg BT 434.05 725.25 Td (is ) Tj ET Q q 0 0 0 rg BT 443.64 725.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 497.68 725.25 Td (af) Tj ET Q q 0 0 0 rg BT 505.83 725.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 533.17 725.25 Td (by) Tj ET Q q 0 0 0 rg BT 542.24 725.25 Td (, ) Tj ET Q q 0 0 0 rg BT 547.66 725.25 Td (among ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (other ) Tj ET Q q 0 0 0 rg BT 59.74 713.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 89.89 713.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 121.95 713.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 134.58 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.22 713.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 168.19 713.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 197.20 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.83 713.25 Td (may ) Tj ET Q q 0 0 0 rg BT 234.13 713.25 Td (be ) Tj ET Q q 0 0 0 rg BT 245.64 713.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 289.37 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.01 713.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 347.40 713.25 Td (af) Tj ET Q q 0 0 0 rg BT 355.55 713.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 382.05 713.25 Td (by ) Tj ET Q q 0 0 0 rg BT 393.56 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 400.63 713.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 432.14 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.55 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.41 713.25 Td (of) Tj ET Q q 0 0 0 rg BT 465.56 713.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 493.74 713.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 506.38 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.01 713.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 539.98 713.25 Td (industry) Tj ET Q q 0 0 0 rg BT 573.51 713.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.98 689.25 Td (of) Tj ET Q q 0 0 0 rg BT 98.13 689.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 125.55 689.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 157.43 689.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 192.64 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 201.74 689.25 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 235.27 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.14 689.25 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 287.06 689.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 305.05 689.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 335.81 689.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 369.90 689.25 Td (focuses ) Tj ET Q q 0 0 0 rg BT 402.32 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 414.75 689.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 457.73 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.94 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.59 689.25 Td (of) Tj ET Q q 0 0 0 rg BT 490.74 689.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 518.17 689.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 550.04 689.25 Td (sector) Tj ET Q q 0 0 0 rg BT 573.52 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (which ) Tj ET Q q 0 0 0 rg BT 62.04 677.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 96.42 677.25 Td (on ) Tj ET Q q 0 0 0 rg BT 108.03 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.85 677.25 Td (level ) Tj ET Q q 0 0 0 rg BT 142.89 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.83 677.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 184.42 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.81 677.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 205.97 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.02 677.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 236.95 677.25 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 286.60 677.25 Td (development ) Tj ET Q q 0 0 0 rg BT 339.86 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.90 677.25 Td (production ) Tj ET Q q 0 0 0 rg BT 400.83 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.22 677.25 Td (of) Tj ET Q q 0 0 0 rg BT 418.37 677.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 444.96 677.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 467.11 677.25 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 513.87 677.25 Td (The ) Tj ET Q q 0 0 0 rg BT 531.02 677.25 Td (availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.06 665.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 75.55 665.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 106.72 665.25 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 148.72 665.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 195.98 665.25 Td (success, ) Tj ET Q q 0 0 0 rg BT 230.20 665.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 261.90 665.25 Td (production ) Tj ET Q q 0 0 0 rg BT 306.95 665.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 331.18 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.12 665.25 Td (stage ) Tj ET Q q 0 0 0 rg BT 367.39 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.45 665.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 414.71 665.25 Td (development ) Tj ET Q q 0 0 0 rg BT 468.09 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.25 665.25 Td (political ) Tj ET Q q 0 0 0 rg BT 518.74 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.91 665.25 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (environments ) Tj ET Q q 0 0 0 rg BT 93.19 653.25 Td (af) Tj ET Q q 0 0 0 rg BT 100.78 653.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 118.53 653.25 Td (customers) Tj ET Q q 0 0 0 rg BT 161.66 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.43 653.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 196.63 653.25 Td (programs. ) Tj ET Q q 0 0 0 rg BT 239.66 653.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 255.20 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.40 653.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 288.49 653.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 315.13 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.33 653.25 Td (market ) Tj ET Q q 0 0 0 rg BT 362.85 653.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 415.59 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.69 653.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 464.44 653.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 499.41 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.95 653.25 Td (these ) Tj ET Q q 0 0 0 rg BT 533.25 653.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 559.89 653.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 88.49 641.25 Td (af) Tj ET Q q 0 0 0 rg BT 96.08 641.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 113.56 641.25 Td (this ) Tj ET Q q 0 0 0 rg BT 130.51 641.25 Td (level ) Tj ET Q q 0 0 0 rg BT 152.45 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.28 641.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 195.77 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.70 641.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 246.86 641.25 Td (for ) Tj ET Q q 0 0 0 rg BT 261.02 641.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 292.96 641.25 Td (rigs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 87.28 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.22 617.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 120.05 617.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 146.42 617.25 Td (are ) Tj ET Q q 0 0 0 rg BT 161.13 617.25 Td (extremely ) Tj ET Q q 0 0 0 rg BT 203.61 617.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 236.10 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.04 617.25 Td (are ) Tj ET Q q 0 0 0 rg BT 267.75 617.25 Td (af) Tj ET Q q 0 0 0 rg BT 275.33 617.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 302.26 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 314.76 617.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 356.70 617.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 386.40 617.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 418.34 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 434.17 617.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 467.50 617.25 Td (including ) Tj ET Q q 0 0 0 rg BT 507.77 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.49 617.25 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 593.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 593.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 153.27 593.25 Td (production ) Tj ET Q q 0 0 0 rg BT 199.09 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.03 593.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 250.19 593.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.35 593.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 277.40 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.34 593.25 Td (gas;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 578.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 578.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 141.33 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 578.25 Td (exploring ) Tj ET Q q 0 0 0 rg BT 192.98 578.25 Td (for) Tj ET Q q 0 0 0 rg BT 204.24 578.25 Td (, ) Tj ET Q q 0 0 0 rg BT 209.24 578.25 Td (developing, ) Tj ET Q q 0 0 0 rg BT 258.67 578.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 301.72 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.66 578.25 Td (delivering ) Tj ET Q q 0 0 0 rg BT 361.70 578.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 374.76 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.70 578.25 Td (gas;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 563.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 563.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 160.48 563.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 201.30 563.25 Td (future ) Tj ET Q q 0 0 0 rg BT 227.67 563.25 Td (ener) Tj ET Q q 0 0 0 rg BT 244.70 563.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 257.20 563.25 Td (prices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 548.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 548.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 147.15 548.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.42 548.25 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 207.97 548.25 Td (development ) Tj ET Q q 0 0 0 rg BT 262.12 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.05 548.25 Td (production ) Tj ET Q q 0 0 0 rg BT 324.88 548.25 Td (technology;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 533.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 533.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 150.77 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.60 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.32 533.25 Td (Or) Tj ET Q q 0 0 0 rg BT 186.69 533.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 230.84 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.67 533.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 285.27 533.25 Td (Exporting ) Tj ET Q q 0 0 0 rg BT 327.77 533.25 Td (Countries, ) Tj ET Q q 0 0 0 rg BT 371.65 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 382.48 533.25 Td (OPEC, ) Tj ET Q q 0 0 0 rg BT 413.04 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.32 533.25 Td (set ) Tj ET Q q 0 0 0 rg BT 436.93 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.87 533.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 491.36 533.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 517.18 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.12 533.25 Td (pricing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 518.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 518.25 Td (level ) Tj ET Q q 0 0 0 rg BT 144.65 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.48 518.25 Td (production ) Tj ET Q q 0 0 0 rg BT 201.31 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.58 518.25 Td (non-OPEC ) Tj ET Q q 0 0 0 rg BT 257.98 518.25 Td (countries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 503.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 503.25 Td (government ) Tj ET Q q 0 0 0 rg BT 158.26 503.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 207.70 503.25 Td (including ) Tj ET Q q 0 0 0 rg BT 247.97 503.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 294.90 503.25 Td (on ) Tj ET Q q 0 0 0 rg BT 307.40 503.25 Td (of) Tj ET Q q 0 0 0 rg BT 315.55 503.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 343.04 503.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 401.09 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.92 503.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 424.97 503.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.91 503.25 Td (gas;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 488.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 488.25 Td (local ) Tj ET Q q 0 0 0 rg BT 129.93 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.87 488.25 Td (international ) Tj ET Q q 0 0 0 rg BT 199.91 488.25 Td (political, ) Tj ET Q q 0 0 0 rg BT 237.68 488.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 279.05 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.99 488.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 330.13 488.25 Td (conditions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 473.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 473.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 146.60 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.54 473.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 194.92 473.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.64 473.25 Td (policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 458.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 458.25 Td (development ) Tj ET Q q 0 0 0 rg BT 162.15 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.09 458.25 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 229.36 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.19 458.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 284.88 458.25 Td (fuels ) Tj ET Q q 0 0 0 rg BT 306.82 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.76 458.25 Td (non-conventional ) Tj ET Q q 0 0 0 rg BT 396.24 458.25 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 449.28 458.25 Td (production;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 443.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 443.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 156.32 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.15 443.25 Td (various ) Tj ET Q q 0 0 0 rg BT 199.09 443.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 253.24 443.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 294.06 443.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 342.10 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.04 443.25 Td (development ) Tj ET Q q 0 0 0 rg BT 413.19 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.02 443.25 Td (their ) Tj ET Q q 0 0 0 rg BT 444.85 443.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 457.90 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.84 443.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 490.67 443.25 Td (reserves;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 428.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 428.25 Td (accidents, ) Tj ET Q q 0 0 0 rg BT 150.20 428.25 Td (severe ) Tj ET Q q 0 0 0 rg BT 178.24 428.25 Td (weather) Tj ET Q q 0 0 0 rg BT 209.48 428.25 Td (, ) Tj ET Q q 0 0 0 rg BT 214.48 428.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 244.75 428.25 Td (disasters ) Tj ET Q q 0 0 0 rg BT 281.69 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.63 428.25 Td (other ) Tj ET Q q 0 0 0 rg BT 321.67 428.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 351.95 428.25 Td (incidents ) Tj ET Q q 0 0 0 rg BT 390.55 428.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 423.59 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.87 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.59 428.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 461.64 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.58 428.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 494.41 428.25 Td (industry; ) Tj ET Q q 0 0 0 rg BT 532.47 428.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 413.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.92 413.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 168.39 413.25 Td (political ) Tj ET Q q 0 0 0 rg BT 203.86 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.00 413.25 Td (military ) Tj ET Q q 0 0 0 rg BT 255.37 413.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 311.11 413.25 Td (including ) Tj ET Q q 0 0 0 rg BT 351.59 413.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 399.27 413.25 Td (or ) Tj ET Q q 0 0 0 rg BT 410.30 413.25 Td (instability ) Tj ET Q q 0 0 0 rg BT 453.00 413.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 490.70 413.25 Td (from ) Tj ET Q q 0 0 0 rg BT 512.84 413.25 Td (an ) Tj ET Q q 0 0 0 rg BT 524.98 413.25 Td (escalation ) Tj ET Q q 0 0 0 rg BT 567.67 413.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 401.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 150.61 401.25 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 188.22 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.17 401.25 Td (armed ) Tj ET Q q 0 0 0 rg BT 226.78 401.25 Td (hostilities ) Tj ET Q q 0 0 0 rg BT 268.29 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.25 401.25 Td (other ) Tj ET Q q 0 0 0 rg BT 302.41 401.25 Td (crises ) Tj ET Q q 0 0 0 rg BT 327.80 401.25 Td (in ) Tj ET Q q 0 0 0 rg BT 338.21 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.04 401.25 Td (Middle ) Tj ET Q q 0 0 0 rg BT 384.55 401.25 Td (East ) Tj ET Q q 0 0 0 rg BT 404.39 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.34 401.25 Td (other ) Tj ET Q q 0 0 0 rg BT 438.51 401.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 485.56 401.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 508.72 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.67 401.25 Td (further ) Tj ET Q q 0 0 0 rg BT 549.50 401.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 567.67 401.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 389.25 Td (terrorism ) Tj ET Q q 0 0 0 rg BT 147.16 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.43 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.15 389.25 Td (United ) Tj ET Q q 0 0 0 rg BT 201.87 389.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 230.75 389.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.58 389.25 Td (elsewhere.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 362.25 Td (Declines ) Tj ET Q q 0 0 0 rg BT 109.04 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.87 362.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.47 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.96 362.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 163.34 362.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 189.27 362.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.98 362.25 Td (an ) Tj ET Q q 0 0 0 rg BT 214.47 362.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 252.62 362.25 Td (period ) Tj ET Q q 0 0 0 rg BT 280.21 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.59 362.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 312.92 362.25 Td (or ) Tj ET Q q 0 0 0 rg BT 323.30 362.25 Td (market ) Tj ET Q q 0 0 0 rg BT 353.11 362.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 405.14 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.53 362.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 452.57 362.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 492.92 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.75 362.25 Td (these ) Tj ET Q q 0 0 0 rg BT 525.35 362.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 553.78 362.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 350.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 79.46 350.25 Td (af) Tj ET Q q 0 0 0 rg BT 87.05 350.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 103.84 350.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.98 350.25 Td (future ) Tj ET Q q 0 0 0 rg BT 144.67 350.25 Td (growth. ) Tj ET Q q 0 0 0 rg BT 177.31 350.25 Td (Sustained ) Tj ET Q q 0 0 0 rg BT 218.00 350.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 249.25 350.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.39 350.25 Td (low ) Tj ET Q q 0 0 0 rg BT 276.20 350.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 288.56 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.81 350.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.95 350.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 345.64 350.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 382.44 350.25 Td (result ) Tj ET Q q 0 0 0 rg BT 406.46 350.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.05 350.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 449.50 350.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 496.85 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.10 350.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 544.35 350.25 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 338.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 48.82 338.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.53 338.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 81.13 338.25 Td (companies) Tj ET Q q 0 0 0 rg BT 126.48 338.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.75 338.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 157.66 338.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 207.13 338.25 Td (budgets ) Tj ET Q q 0 0 0 rg BT 240.51 338.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.98 338.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 285.57 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.62 338.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 315.65 338.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 336.25 338.25 Td (from ) Tj ET Q q 0 0 0 rg BT 357.96 338.25 Td (such ) Tj ET Q q 0 0 0 rg BT 378.55 338.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 416.92 338.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.63 338.25 Td (are ) Tj ET Q q 0 0 0 rg BT 448.10 338.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 486.45 338.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 523.71 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.76 338.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 568.23 338.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 326.25 Td (ener) Tj ET Q q 0 0 0 rg BT 53.03 326.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 64.95 326.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 93.12 326.25 Td (These ) Tj ET Q q 0 0 0 rg BT 118.92 326.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 153.06 326.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.76 326.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 210.24 326.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 236.05 326.25 Td (can ) Tj ET Q q 0 0 0 rg BT 251.85 326.25 Td (have ) Tj ET Q q 0 0 0 rg BT 272.66 326.25 Td (a ) Tj ET Q q 0 0 0 rg BT 279.02 326.25 Td (dramatic ) Tj ET Q q 0 0 0 rg BT 315.93 326.25 Td (ef) Tj ET Q q 0 0 0 rg BT 323.52 326.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 340.43 326.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.36 326.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 365.40 326.25 Td (demand, ) Tj ET Q q 0 0 0 rg BT 401.48 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.85 326.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 449.21 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.47 326.25 Td (low ) Tj ET Q q 0 0 0 rg BT 476.40 326.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 509.98 326.25 Td (can ) Tj ET Q q 0 0 0 rg BT 525.79 326.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 549.92 326.25 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 314.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 49.81 314.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 79.18 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.32 314.25 Td (intensify ) Tj ET Q q 0 0 0 rg BT 134.02 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.94 314.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 199.41 314.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.89 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.81 314.25 Td (industry) Tj ET Q q 0 0 0 rg BT 256.93 314.25 Td (, ) Tj ET Q q 0 0 0 rg BT 262.14 314.25 Td (which ) Tj ET Q q 0 0 0 rg BT 289.28 314.25 Td (often ) Tj ET Q q 0 0 0 rg BT 312.52 314.25 Td (results ) Tj ET Q q 0 0 0 rg BT 341.33 314.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.81 314.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 383.96 314.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 404.16 314.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 452.95 314.25 Td (older ) Tj ET Q q 0 0 0 rg BT 476.20 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.34 314.25 Td (less ) Tj ET Q q 0 0 0 rg BT 511.04 314.25 Td (technologically-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.25 Td (advanced ) Tj ET Q q 0 0 0 rg BT 75.40 302.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 106.48 302.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 125.62 302.25 Td (being ) Tj ET Q q 0 0 0 rg BT 149.48 302.25 Td (idle ) Tj ET Q q 0 0 0 rg BT 166.12 302.25 Td (for ) Tj ET Q q 0 0 0 rg BT 179.42 302.25 Td (long ) Tj ET Q q 0 0 0 rg BT 198.84 302.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 229.92 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.90 302.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 261.69 302.25 Td (W) Tj ET Q q 0 0 0 rg BT 270.33 302.25 Td (e ) Tj ET Q q 0 0 0 rg BT 276.41 302.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 304.71 302.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 334.11 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.97 302.25 Td (future ) Tj ET Q q 0 0 0 rg BT 373.49 302.25 Td (level ) Tj ET Q q 0 0 0 rg BT 394.57 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.54 302.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 437.84 302.25 Td (for ) Tj ET Q q 0 0 0 rg BT 451.14 302.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 482.22 302.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 498.87 302.25 Td (or ) Tj ET Q q 0 0 0 rg BT 508.84 302.25 Td (future ) Tj ET Q q 0 0 0 rg BT 534.36 302.25 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.59 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.07 290.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.88 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.58 290.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 106.17 290.25 Td (industry) Tj ET Q q 0 0 0 rg BT 138.30 290.25 Td (. ) Tj ET Q q 0 0 0 rg BT 142.56 290.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 162.04 290.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 198.72 290.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.75 290.25 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 259.06 290.25 Td (development ) Tj ET Q q 0 0 0 rg BT 312.97 290.25 Td (or ) Tj ET Q q 0 0 0 rg BT 323.56 290.25 Td (production ) Tj ET Q q 0 0 0 rg BT 369.14 290.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 422.49 290.25 Td (by ) Tj ET Q q 0 0 0 rg BT 434.75 290.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 447.57 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.27 290.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 479.86 290.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 524.88 290.25 Td (could ) Tj ET Q q 0 0 0 rg BT 549.36 290.25 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 278.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 278.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 89.87 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.81 278.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 149.84 278.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 172.89 278.25 Td (our ) Tj ET Q q 0 0 0 rg BT 188.72 278.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 227.61 278.25 Td (results ) Tj ET Q q 0 0 0 rg BT 256.22 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.05 278.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 311.21 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.14 278.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.41 278.25 Td (available ) Tj ET Q q 0 0 0 rg BT 387.00 278.25 Td (for ) Tj ET Q q 0 0 0 rg BT 401.16 278.25 Td (distribution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 254.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.83 254.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 118.10 254.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.38 254.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 141.44 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.38 254.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 174.21 254.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 203.08 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.80 254.25 Td (of) Tj ET Q q 0 0 0 rg BT 225.95 254.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 253.44 254.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 285.38 254.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 320.66 254.25 Td (is ) Tj ET Q q 0 0 0 rg BT 329.83 254.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 374.53 254.25 Td (by ) Tj ET Q q 0 0 0 rg BT 387.03 254.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 429.52 254.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 461.73 254.25 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 230.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 230.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 170.20 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.03 230.25 Td (competing ) Tj ET Q q 0 0 0 rg BT 225.74 230.25 Td (of) Tj ET Q q 0 0 0 rg BT 233.89 230.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 261.38 230.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 293.33 230.25 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 215.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 215.25 Td (level ) Tj ET Q q 0 0 0 rg BT 144.65 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.48 215.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 177.98 215.25 Td (for ) Tj ET Q q 0 0 0 rg BT 192.14 215.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 235.73 215.25 Td (of) Tj ET Q q 0 0 0 rg BT 243.88 215.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 271.37 215.25 Td (oilfield ) Tj ET Q q 0 0 0 rg BT 302.76 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.69 215.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 371.63 215.25 Td (services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 200.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 200.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.06 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.00 200.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 153.83 200.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 211.87 200.25 Td (costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 185.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 185.25 Td (level ) Tj ET Q q 0 0 0 rg BT 144.65 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.48 185.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 169.09 185.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 209.35 185.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 234.35 185.25 Td (including ) Tj ET Q q 0 0 0 rg BT 274.63 185.25 Td (crew ) Tj ET Q q 0 0 0 rg BT 296.55 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.49 185.25 Td (maintenance;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 170.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 170.25 Td (discovery ) Tj ET Q q 0 0 0 rg BT 164.09 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.92 170.25 Td (new ) Tj ET Q q 0 0 0 rg BT 194.08 170.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.14 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.08 170.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 239.91 170.25 Td (reserves;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 155.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 155.25 Td (political ) Tj ET Q q 0 0 0 rg BT 157.99 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.92 155.25 Td (military ) Tj ET Q q 0 0 0 rg BT 209.08 155.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 262.13 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.96 155.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 286.01 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.95 155.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 318.78 155.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 350.15 155.25 Td (jurisdictions; ) Tj ET Q q 0 0 0 rg BT 404.87 155.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 140.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 140.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 151.59 140.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 198.53 140.25 Td (on ) Tj ET Q q 0 0 0 rg BT 211.03 140.25 Td (of) Tj ET Q q 0 0 0 rg BT 219.18 140.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 246.67 140.25 Td (drilling.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 91.72 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.55 113.25 Td (these ) Tj ET Q q 0 0 0 rg BT 125.60 113.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 155.31 113.25 Td (could ) Tj ET Q q 0 0 0 rg BT 180.02 113.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 209.17 113.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 243.32 113.25 Td (for ) Tj ET Q q 0 0 0 rg BT 257.48 113.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 289.43 113.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 306.93 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.87 113.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 364.68 113.25 Td (af) Tj ET Q q 0 0 0 rg BT 372.27 113.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 389.75 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 405.58 113.25 Td (business ) Tj ET Q q 0 0 0 rg BT 441.98 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.91 113.25 Td (results ) Tj ET Q q 0 0 0 rg BT 487.52 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.35 113.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 89.25 Td (An ) Tj ET Q q 0 0 0 rg BT 87.05 89.25 Td (over-supply ) Tj ET Q q 0 0 0 rg BT 137.63 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.77 89.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 182.15 89.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 200.53 89.25 Td (may ) Tj ET Q q 0 0 0 rg BT 220.56 89.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 240.59 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.18 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 259.00 89.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 301.26 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.41 89.25 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 349.66 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.04 89.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 408.62 89.25 Td (may ) Tj ET Q q 0 0 0 rg BT 428.65 89.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 473.13 89.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 503.71 89.25 Td (our ) Tj ET Q q 0 0 0 rg BT 520.98 89.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 560.46 89.25 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 83.96 77.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 53.25 Td (During ) Tj ET Q q 0 0 0 rg BT 103.17 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 53.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 145.49 53.25 Td (period ) Tj ET Q q 0 0 0 rg BT 173.87 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.04 53.25 Td (high ) Tj ET Q q 0 0 0 rg BT 205.66 53.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 249.04 53.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.32 53.25 Td (high ) Tj ET Q q 0 0 0 rg BT 286.94 53.25 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 325.59 53.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 361.21 53.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 410.69 53.25 Td (have ) Tj ET Q q 0 0 0 rg BT 432.41 53.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 473.00 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.06 53.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 517.57 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.73 53.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 561.02 53.25 Td (rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (by ) Tj ET Q q 0 0 0 rg BT 48.67 41.25 Td (ordering ) Tj ET Q q 0 0 0 rg BT 85.23 41.25 Td (new ) Tj ET Q q 0 0 0 rg BT 104.56 41.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 136.68 41.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 156.85 41.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 205.62 41.25 Td (within ) Tj ET Q q 0 0 0 rg BT 233.85 41.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.74 41.25 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 314.16 41.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 350.16 41.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.16 41.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.05 41.25 Td (industry) Tj ET Q q 0 0 0 rg BT 408.18 41.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.36 41.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 459.92 41.25 Td (, ) Tj ET Q q 0 0 0 rg BT 465.09 41.25 Td (this ) Tj ET Q q 0 0 0 rg BT 482.22 41.25 Td (has ) Tj ET Q q 0 0 0 rg BT 498.22 41.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 532.55 41.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.00 41.25 Td (an ) Tj ET Q q 0 0 0 rg BT 555.12 41.25 Td (over) Tj ET Q q 0 0 0 rg BT 572.69 41.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 65.65 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.97 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 109.39 749.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 127.38 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.80 749.10 Td (has ) Tj ET Q q 0 0 0 rg BT 161.11 749.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 191.30 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.72 749.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 246.15 749.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 278.00 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.76 749.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 332.29 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.72 749.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 386.01 749.10 Td (when ) Tj ET Q q 0 0 0 rg BT 410.66 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.86 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 458.29 749.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 476.27 749.10 Td (have ) Tj ET Q q 0 0 0 rg BT 498.13 749.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 530.54 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.74 749.10 Td (market, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 80.63 737.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.14 737.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 132.09 737.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 163.38 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.57 737.10 Td (time ) Tj ET Q q 0 0 0 rg BT 193.20 737.10 Td (until ) Tj ET Q q 0 0 0 rg BT 213.39 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.46 737.10 Td (new ) Tj ET Q q 0 0 0 rg BT 245.97 737.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 262.83 737.10 Td (have ) Tj ET Q q 0 0 0 rg BT 283.56 737.10 Td (been ) Tj ET Q q 0 0 0 rg BT 304.29 737.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 342.24 737.10 Td (into ) Tj ET Q q 0 0 0 rg BT 359.65 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.72 737.10 Td (active ) Tj ET Q q 0 0 0 rg BT 399.45 737.10 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 421.44 737.10 Td (The ) Tj ET Q q 0 0 0 rg BT 438.84 737.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 483.46 737.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 503.08 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.26 737.10 Td (ultra-deepwater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.26 725.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 86.07 725.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 126.10 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.25 725.10 Td (139 ) Tj ET Q q 0 0 0 rg BT 155.06 725.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 172.88 725.10 Td (\(60 ) Tj ET Q q 0 0 0 rg BT 189.02 725.10 Td (semi-submersibles ) Tj ET Q q 0 0 0 rg BT 266.27 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.53 725.10 Td (79 ) Tj ET Q q 0 0 0 rg BT 296.34 725.10 Td (drillships\) ) Tj ET Q q 0 0 0 rg BT 339.71 725.10 Td (as ) Tj ET Q q 0 0 0 rg BT 350.86 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.00 725.10 Td (March ) Tj ET Q q 0 0 0 rg BT 390.92 725.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 406.23 725.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 430.93 725.10 Td (An ) Tj ET Q q 0 0 0 rg BT 445.96 725.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 488.77 725.10 Td (27 ) Tj ET Q q 0 0 0 rg BT 501.58 725.10 Td (semi-submersibles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 713.10 Td (73 ) Tj ET Q q 0 0 0 rg BT 65.44 713.10 Td (drillships ) Tj ET Q q 0 0 0 rg BT 105.17 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 119.87 713.10 Td (under ) Tj ET Q q 0 0 0 rg BT 145.14 713.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 197.07 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.90 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.40 713.10 Td (order) Tj ET Q q 0 0 0 rg BT 241.10 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 246.10 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 273.04 713.10 Td (would ) Tj ET Q q 0 0 0 rg BT 300.54 713.10 Td (bring ) Tj ET Q q 0 0 0 rg BT 324.15 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.87 713.10 Td (total ) Tj ET Q q 0 0 0 rg BT 359.14 713.10 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 424.38 713.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 444.64 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.92 713.10 Td (239 ) Tj ET Q q 0 0 0 rg BT 472.42 713.10 Td (rigs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (Rigs ) Tj ET Q q 0 0 0 rg BT 91.86 689.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 131.15 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.45 689.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 163.63 689.10 Td (environments, ) Tj ET Q q 0 0 0 rg BT 222.09 689.10 Td (such ) Tj ET Q q 0 0 0 rg BT 241.94 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.79 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.53 689.10 Td (North ) Tj ET Q q 0 0 0 rg BT 290.38 689.10 Td (Sea, ) Tj ET Q q 0 0 0 rg BT 308.85 689.10 Td (Barents ) Tj ET Q q 0 0 0 rg BT 340.92 689.10 Td (Sea, ) Tj ET Q q 0 0 0 rg BT 359.27 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 367.90 689.10 Td (est ) Tj ET Q q 0 0 0 rg BT 380.53 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.39 689.10 Td (Shetland, ) Tj ET Q q 0 0 0 rg BT 429.40 689.10 Td (Greenland ) Tj ET Q q 0 0 0 rg BT 472.57 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.53 689.10 Td (other ) Tj ET Q q 0 0 0 rg BT 510.60 689.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 539.90 689.10 Td (locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (require ) Tj ET Q q 0 0 0 rg BT 67.15 677.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 114.40 677.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 162.77 677.10 Td (related ) Tj ET Q q 0 0 0 rg BT 192.81 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.42 677.10 Td (motion, ) Tj ET Q q 0 0 0 rg BT 237.09 677.10 Td (wind ) Tj ET Q q 0 0 0 rg BT 259.93 677.10 Td (resistance, ) Tj ET Q q 0 0 0 rg BT 304.69 677.10 Td (insulation ) Tj ET Q q 0 0 0 rg BT 346.96 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.24 677.10 Td (heat ) Tj ET Q q 0 0 0 rg BT 383.73 677.10 Td (tracing. ) Tj ET Q q 0 0 0 rg BT 416.20 677.10 Td (As ) Tj ET Q q 0 0 0 rg BT 430.15 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.31 677.10 Td (March ) Tj ET Q q 0 0 0 rg BT 470.25 677.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 485.58 677.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 510.91 677.10 Td (35 ) Tj ET Q q 0 0 0 rg BT 523.75 677.10 Td (floaters ) Tj ET Q q 0 0 0 rg BT 556.57 677.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 69.03 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.86 665.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 124.02 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.30 665.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 158.46 665.10 Td (environments ) Tj ET Q q 0 0 0 rg BT 215.39 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 235.67 665.10 Td (an ) Tj ET Q q 0 0 0 rg BT 247.61 665.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 290.10 665.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 302.60 665.10 Td (such ) Tj ET Q q 0 0 0 rg BT 323.43 665.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 347.59 665.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 400.63 665.10 Td (floaters ) Tj ET Q q 0 0 0 rg BT 433.11 665.10 Td (under ) Tj ET Q q 0 0 0 rg BT 458.38 665.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 510.32 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 521.15 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 533.65 665.10 Td (order) Tj ET Q q 0 0 0 rg BT 554.19 665.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.15 641.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 121.38 641.10 Td (lar) Tj ET Q q 0 0 0 rg BT 131.75 641.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 143.66 641.10 Td (number ) Tj ET Q q 0 0 0 rg BT 176.69 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.50 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.19 641.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 234.11 641.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 251.59 641.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.16 641.10 Td (under ) Tj ET Q q 0 0 0 rg BT 315.40 641.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 369.81 641.10 Td (including ) Tj ET Q q 0 0 0 rg BT 410.06 641.10 Td (five ) Tj ET Q q 0 0 0 rg BT 428.09 641.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 452.23 641.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 505.24 641.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 537.17 641.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 557.14 641.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 51.53 629.10 Td (been ) Tj ET Q q 0 0 0 rg BT 73.17 629.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 117.56 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 131.98 629.10 Td (future ) Tj ET Q q 0 0 0 rg BT 158.61 629.10 Td (work. ) Tj ET Q q 0 0 0 rg BT 184.22 629.10 Td (This ) Tj ET Q q 0 0 0 rg BT 204.76 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 224.73 629.10 Td (intensify ) Tj ET Q q 0 0 0 rg BT 262.48 629.10 Td (price ) Tj ET Q q 0 0 0 rg BT 285.22 629.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 335.75 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.84 629.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 389.58 629.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 425.10 629.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 448.40 629.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 473.36 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.56 629.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 509.97 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.51 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.70 629.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 568.22 629.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 71.35 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.71 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.96 617.10 Td (active ) Tj ET Q q 0 0 0 rg BT 121.87 617.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 141.66 617.10 Td (grows. ) Tj ET Q q 0 0 0 rg BT 170.64 617.10 Td (Lower ) Tj ET Q q 0 0 0 rg BT 198.77 617.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 241.35 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.82 617.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 293.17 617.10 Td (could ) Tj ET Q q 0 0 0 rg BT 317.42 617.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 357.77 617.10 Td (af) Tj ET Q q 0 0 0 rg BT 365.35 617.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 382.37 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.73 617.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 435.30 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.78 617.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 498.89 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.43 617.10 Td (Prolonged ) Tj ET Q q 0 0 0 rg BT 546.57 617.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.33 605.10 Td (low ) Tj ET Q q 0 0 0 rg BT 63.32 605.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 105.87 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.30 605.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 157.62 605.10 Td (could ) Tj ET Q q 0 0 0 rg BT 181.83 605.10 Td (also ) Tj ET Q q 0 0 0 rg BT 199.94 605.10 Td (result ) Tj ET Q q 0 0 0 rg BT 224.15 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.92 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.14 605.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 295.68 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.00 605.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 354.10 605.10 Td (char) Tj ET Q q 0 0 0 rg BT 371.13 605.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 386.45 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.45 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.78 605.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 445.22 605.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 462.22 605.10 Td (if ) Tj ET Q q 0 0 0 rg BT 470.32 605.10 Td (future ) Tj ET Q q 0 0 0 rg BT 496.20 605.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 515.96 605.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 536.29 605.10 Td (estimates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (based ) Tj ET Q q 0 0 0 rg BT 61.13 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 73.50 593.10 Td (information ) Tj ET Q q 0 0 0 rg BT 123.07 593.10 Td (available ) Tj ET Q q 0 0 0 rg BT 161.53 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.67 593.10 Td (management ) Tj ET Q q 0 0 0 rg BT 225.13 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 234.71 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.29 593.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 271.93 593.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 305.94 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 323.30 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.88 593.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 373.56 593.10 Td (value ) Tj ET Q q 0 0 0 rg BT 397.58 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.28 593.10 Td (these ) Tj ET Q q 0 0 0 rg BT 431.19 593.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 463.00 593.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 480.36 593.10 Td (may ) Tj ET Q q 0 0 0 rg BT 499.94 593.10 Td (not ) Tj ET Q q 0 0 0 rg BT 515.09 593.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.89 593.10 Td (recoverable.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (An ) Tj ET Q q 0 0 0 rg BT 86.73 569.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 128.67 569.10 Td (downturn ) Tj ET Q q 0 0 0 rg BT 171.19 569.10 Td (could ) Tj ET Q q 0 0 0 rg BT 196.47 569.10 Td (have ) Tj ET Q q 0 0 0 rg BT 218.41 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.91 569.10 Td (material ) Tj ET Q q 0 0 0 rg BT 262.85 569.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 296.45 569.10 Td (ef) Tj ET Q q 0 0 0 rg BT 304.04 569.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 321.52 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 334.58 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.54 569.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 389.30 569.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 440.13 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.20 569.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 497.92 569.10 Td (position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.04 545.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 117.89 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 129.86 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.15 545.10 Td (customers) Tj ET Q q 0 0 0 rg BT 188.29 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.26 545.10 Td (willingness ) Tj ET Q q 0 0 0 rg BT 237.78 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.19 545.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 281.71 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.45 545.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 311.75 545.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 351.48 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.89 545.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 396.51 545.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 449.57 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.31 545.10 Td (explore, ) Tj ET Q q 0 0 0 rg BT 493.77 545.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 527.39 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.80 545.10 Td (produce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 49.54 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.96 533.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 85.77 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.19 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.95 533.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 152.46 533.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 184.89 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.31 533.10 Td (related ) Tj ET Q q 0 0 0 rg BT 232.49 533.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 279.97 533.10 Td (There ) Tj ET Q q 0 0 0 rg BT 306.27 533.10 Td (has ) Tj ET Q q 0 0 0 rg BT 322.58 533.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 370.55 533.10 Td (been ) Tj ET Q q 0 0 0 rg BT 392.41 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.83 533.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 427.81 533.10 Td (link ) Tj ET Q q 0 0 0 rg BT 446.34 533.10 Td (between ) Tj ET Q q 0 0 0 rg BT 482.64 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.84 533.10 Td (development ) Tj ET Q q 0 0 0 rg BT 552.47 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.78 533.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (world ) Tj ET Q q 0 0 0 rg BT 61.63 521.10 Td (economy ) Tj ET Q q 0 0 0 rg BT 100.58 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.31 521.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 151.26 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.21 521.10 Td (ener) Tj ET Q q 0 0 0 rg BT 182.24 521.10 Td (gy) Tj ET Q q 0 0 0 rg BT 191.59 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.39 521.10 Td (including ) Tj ET Q q 0 0 0 rg BT 236.45 521.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 249.31 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.04 521.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 284.00 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.84 521.10 Td (world ) Tj ET Q q 0 0 0 rg BT 327.46 521.10 Td (economy ) Tj ET Q q 0 0 0 rg BT 366.42 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 375.38 521.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 413.77 521.10 Td (facing ) Tj ET Q q 0 0 0 rg BT 441.05 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 447.78 521.10 Td (number ) Tj ET Q q 0 0 0 rg BT 480.62 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.25 521.10 Td (challenges. ) Tj ET Q q 0 0 0 rg BT 538.25 521.10 Td (Concerns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (persist ) Tj ET Q q 0 0 0 rg BT 63.73 509.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 103.66 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.50 509.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 136.34 509.10 Td (burden ) Tj ET Q q 0 0 0 rg BT 165.73 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.68 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 204.50 509.10 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 244.43 509.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 282.71 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.77 509.10 Td (their ) Tj ET Q q 0 0 0 rg BT 318.71 509.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 345.89 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.28 509.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 376.34 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 401.83 509.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.44 509.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 484.50 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.56 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.39 509.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 543.78 509.10 Td (stability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.74 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.37 497.10 Td (euro. ) Tj ET Q q 0 0 0 rg BT 84.05 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.46 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.34 497.10 Td (An ) Tj ET Q q 0 0 0 rg BT 102.97 497.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 141.48 497.10 Td (period ) Tj ET Q q 0 0 0 rg BT 169.43 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.18 497.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 213.12 497.10 Td (development ) Tj ET Q q 0 0 0 rg BT 267.19 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.38 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.00 497.10 Td (outlook ) Tj ET Q q 0 0 0 rg BT 324.97 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.04 497.10 Td (European ) Tj ET Q q 0 0 0 rg BT 379.77 497.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 418.83 497.10 Td (could ) Tj ET Q q 0 0 0 rg BT 443.46 497.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 472.52 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.15 497.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 517.32 497.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 551.39 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 565.46 497.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 53.56 485.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 84.45 485.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 100.91 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.47 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.26 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.71 485.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 187.32 485.10 Td (These ) Tj ET Q q 0 0 0 rg BT 214.32 485.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 252.43 485.10 Td (developments, ) Tj ET Q q 0 0 0 rg BT 313.60 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.06 485.10 Td (market ) Tj ET Q q 0 0 0 rg BT 355.95 485.10 Td (perceptions ) Tj ET Q q 0 0 0 rg BT 405.16 485.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 452.71 485.10 Td (these ) Tj ET Q q 0 0 0 rg BT 476.38 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.95 485.10 Td (related ) Tj ET Q q 0 0 0 rg BT 524.28 485.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 553.79 485.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 473.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 61.11 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.98 473.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 114.50 473.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 151.76 473.10 Td (results ) Tj ET Q q 0 0 0 rg BT 180.41 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.28 473.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 235.47 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.45 473.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 299.57 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.60 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.58 473.10 Td (may ) Tj ET Q q 0 0 0 rg BT 341.34 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 362.75 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.73 473.10 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 437.81 473.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 467.56 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.10 473.10 Td (us ) Tj ET Q q 0 0 0 rg BT 491.53 473.10 Td (because ) Tj ET Q q 0 0 0 rg BT 525.71 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 539.91 473.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 68.25 461.10 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 116.62 461.10 Td (of) Tj ET Q q 0 0 0 rg BT 124.77 461.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 152.58 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.19 461.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 198.23 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.49 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.53 461.10 Td (United ) Tj ET Q q 0 0 0 rg BT 260.58 461.10 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 303.48 461.10 Td (This ) Tj ET Q q 0 0 0 rg BT 324.08 461.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 360.23 461.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 408.04 461.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 459.20 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.24 461.10 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 515.94 461.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 535.98 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 553.25 461.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (crises ) Tj ET Q q 0 0 0 rg BT 61.82 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 72.66 449.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 102.92 449.10 Td (European ) Tj ET Q q 0 0 0 rg BT 144.29 449.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 184.00 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.49 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.76 449.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 259.25 449.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 301.18 449.10 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 345.35 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.18 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.78 449.10 Td (Asia ) Tj ET Q q 0 0 0 rg BT 392.17 449.10 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 422.99 449.10 Td (region, ) Tj ET Q q 0 0 0 rg BT 454.09 449.10 Td (including ) Tj ET Q q 0 0 0 rg BT 494.92 449.10 Td (Japan ) Tj ET Q q 0 0 0 rg BT 520.74 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.24 449.10 Td (China. ) Tj ET Q q 0 0 0 rg BT 567.68 449.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 73.65 437.10 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 105.46 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.27 437.10 Td (hostilities ) Tj ET Q q 0 0 0 rg BT 163.54 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.69 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.27 437.10 Td (Middle ) Tj ET Q q 0 0 0 rg BT 219.53 437.10 Td (East, ) Tj ET Q q 0 0 0 rg BT 241.62 437.10 Td (North ) Tj ET Q q 0 0 0 rg BT 266.80 437.10 Td (Africa ) Tj ET Q q 0 0 0 rg BT 294.71 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.52 437.10 Td (other ) Tj ET Q q 0 0 0 rg BT 334.44 437.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 381.23 437.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 404.14 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.95 437.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 459.98 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 474.56 437.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 504.15 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.30 437.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 544.44 437.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 563.78 437.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 74.68 425.10 Td (period ) Tj ET Q q 0 0 0 rg BT 102.81 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.72 425.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 146.85 425.10 Td (development ) Tj ET Q q 0 0 0 rg BT 201.08 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.44 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.24 425.10 Td (outlook ) Tj ET Q q 0 0 0 rg BT 259.39 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.63 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.43 425.10 Td (world ) Tj ET Q q 0 0 0 rg BT 314.35 425.10 Td (economy ) Tj ET Q q 0 0 0 rg BT 353.59 425.10 Td (could ) Tj ET Q q 0 0 0 rg BT 378.39 425.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 407.62 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.42 425.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 452.77 425.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 487.01 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.25 425.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 514.39 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.42 425.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 547.33 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 564.35 425.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 53.00 413.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 91.38 413.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 115.05 413.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.93 413.10 Td (could ) Tj ET Q q 0 0 0 rg BT 176.82 413.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 218.81 413.10 Td (af) Tj ET Q q 0 0 0 rg BT 226.40 413.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 245.05 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.05 413.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.71 413.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 344.65 413.10 Td (results ) Tj ET Q q 0 0 0 rg BT 374.43 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.43 413.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 431.76 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.87 413.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 479.10 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.55 413.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 508.66 413.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 551.21 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 562.67 413.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.99 377.10 Td (current ) Tj ET Q q 0 0 0 rg BT 124.43 377.10 Td (state ) Tj ET Q q 0 0 0 rg BT 146.20 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.42 377.10 Td (global ) Tj ET Q q 0 0 0 rg BT 185.85 377.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.96 377.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 261.62 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.07 377.10 Td (current ) Tj ET Q q 0 0 0 rg BT 313.51 377.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 355.83 377.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 401.50 377.10 Td (may ) Tj ET Q q 0 0 0 rg BT 421.60 377.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 462.80 377.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 493.45 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.79 377.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 539.22 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.88 377.10 Td (obtain ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 79.94 365.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 122.22 365.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.05 365.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 180.63 365.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 208.17 365.10 Td (which ) Tj ET Q q 0 0 0 rg BT 235.45 365.10 Td (may ) Tj ET Q q 0 0 0 rg BT 254.93 365.10 Td (hinder ) Tj ET Q q 0 0 0 rg BT 284.43 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.59 365.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 328.40 365.10 Td (us ) Tj ET Q q 0 0 0 rg BT 340.12 365.10 Td (from ) Tj ET Q q 0 0 0 rg BT 362.39 365.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 408.00 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.72 365.10 Td (business ) Tj ET Q q 0 0 0 rg BT 462.00 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.16 365.10 Td (may ) Tj ET Q q 0 0 0 rg BT 492.64 365.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 534.36 365.10 Td (negatively ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 66.27 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.23 353.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 101.64 329.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.03 329.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 173.11 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.96 329.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 231.26 329.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 275.34 329.10 Td (have ) Tj ET Q q 0 0 0 rg BT 296.63 329.10 Td (been, ) Tj ET Q q 0 0 0 rg BT 320.43 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.29 329.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 374.14 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.34 329.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 398.69 329.10 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 433.43 329.10 Td (The ) Tj ET Q q 0 0 0 rg BT 451.39 329.10 Td (current ) Tj ET Q q 0 0 0 rg BT 482.13 329.10 Td (state ) Tj ET Q q 0 0 0 rg BT 502.87 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.62 329.10 Td (global ) Tj ET Q q 0 0 0 rg BT 541.03 329.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 69.69 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.16 317.10 Td (current ) Tj ET Q q 0 0 0 rg BT 116.51 317.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 157.42 317.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 201.12 317.10 Td (might ) Tj ET Q q 0 0 0 rg BT 226.49 317.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 266.84 317.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 296.09 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 311.46 317.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 339.04 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.86 317.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 370.89 317.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 412.92 317.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 439.95 317.10 Td (at ) Tj ET Q q 0 0 0 rg BT 449.20 317.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 475.11 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.58 317.10 Td (will ) Tj ET Q q 0 0 0 rg BT 519.18 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 533.99 317.10 Td (be ) Tj ET Q q 0 0 0 rg BT 545.46 317.10 Td (dilutive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.46 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 62.47 305.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 96.82 305.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 150.04 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.06 305.10 Td (preclude ) Tj ET Q q 0 0 0 rg BT 198.16 305.10 Td (us ) Tj ET Q q 0 0 0 rg BT 209.74 305.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.86 305.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 262.88 305.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 290.56 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 300.46 305.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 315.64 305.10 Td (In ) Tj ET Q q 0 0 0 rg BT 326.65 305.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 364.61 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.73 305.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 408.29 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.31 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.32 305.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 475.77 305.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 512.88 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.77 305.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 566.00 305.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (European ) Tj ET Q q 0 0 0 rg BT 76.82 293.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 111.55 293.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 161.01 293.10 Td (If ) Tj ET Q q 0 0 0 rg BT 170.17 293.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 211.55 293.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 255.73 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.01 293.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 297.40 293.10 Td (preclude ) Tj ET Q q 0 0 0 rg BT 334.33 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.17 293.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 366.56 293.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 409.06 293.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 449.33 293.10 Td (from ) Tj ET Q q 0 0 0 rg BT 471.28 293.10 Td (these ) Tj ET Q q 0 0 0 rg BT 494.33 293.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 529.06 293.10 Td (institutions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (we ) Tj ET Q q 0 0 0 rg BT 49.58 281.10 Td (may ) Tj ET Q q 0 0 0 rg BT 68.71 281.10 Td (not ) Tj ET Q q 0 0 0 rg BT 83.40 281.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.76 281.10 Td (able ) Tj ET Q q 0 0 0 rg BT 113.33 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.03 281.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 149.94 281.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 189.62 281.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.97 281.10 Td (other ) Tj ET Q q 0 0 0 rg BT 233.44 281.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 279.81 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.72 281.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 315.86 281.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 359.96 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.65 281.10 Td (us ) Tj ET Q q 0 0 0 rg BT 380.46 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.71 281.10 Td (at ) Tj ET Q q 0 0 0 rg BT 399.84 281.10 Td (all, ) Tj ET Q q 0 0 0 rg BT 414.25 281.10 Td (even ) Tj ET Q q 0 0 0 rg BT 435.05 281.10 Td (if ) Tj ET Q q 0 0 0 rg BT 443.07 281.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 486.65 281.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 517.46 281.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 548.25 281.10 Td (remain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 76.69 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 91.28 269.10 Td (lending. ) Tj ET Q q 0 0 0 rg BT 126.06 269.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 171.76 269.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 212.46 269.10 Td (may ) Tj ET Q q 0 0 0 rg BT 232.60 269.10 Td (not ) Tj ET Q q 0 0 0 rg BT 248.31 269.10 Td (be ) Tj ET Q q 0 0 0 rg BT 260.68 269.10 Td (available ) Tj ET Q q 0 0 0 rg BT 299.70 269.10 Td (if ) Tj ET Q q 0 0 0 rg BT 308.74 269.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 339.99 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.36 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.07 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.22 269.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 410.58 269.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 449.33 269.10 Td (on ) Tj ET Q q 0 0 0 rg BT 462.26 269.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 507.38 269.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 532.52 269.10 Td (or ) Tj ET Q q 0 0 0 rg BT 543.79 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 553.93 269.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 569.36 269.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 78.51 257.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 118.80 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.99 257.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.29 257.10 Td (available ) Tj ET Q q 0 0 0 rg BT 181.90 257.10 Td (when ) Tj ET Q q 0 0 0 rg BT 206.08 257.10 Td (needed, ) Tj ET Q q 0 0 0 rg BT 239.41 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.26 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 259.46 257.10 Td (available ) Tj ET Q q 0 0 0 rg BT 298.07 257.10 Td (only ) Tj ET Q q 0 0 0 rg BT 318.36 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.89 257.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 381.16 257.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 408.40 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 422.58 257.10 Td (may ) Tj ET Q q 0 0 0 rg BT 442.32 257.10 Td (be ) Tj ET Q q 0 0 0 rg BT 454.28 257.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 483.45 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.75 257.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 515.71 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 531.56 257.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 47.08 245.10 Td (they ) Tj ET Q q 0 0 0 rg BT 67.04 245.10 Td (come ) Tj ET Q q 0 0 0 rg BT 91.44 245.10 Td (due ) Tj ET Q q 0 0 0 rg BT 108.62 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.70 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 134.10 245.10 Td (may ) Tj ET Q q 0 0 0 rg BT 154.07 245.10 Td (be ) Tj ET Q q 0 0 0 rg BT 166.25 245.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 195.65 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.18 245.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 237.80 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.87 245.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 288.28 245.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 327.42 245.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 366.82 245.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 399.01 245.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 412.86 245.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 463.38 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.46 245.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 516.08 245.10 Td (take ) Tj ET Q q 0 0 0 rg BT 535.48 245.10 Td (advantage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 233.10 Td (business ) Tj ET Q q 0 0 0 rg BT 83.22 233.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 138.50 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.33 233.10 Td (they ) Tj ET Q q 0 0 0 rg BT 169.04 233.10 Td (arise.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 132.06 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.88 209.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 208.80 209.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 253.85 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.43 209.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 303.92 209.10 Td (may ) Tj ET Q q 0 0 0 rg BT 323.40 209.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 360.10 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.13 209.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 393.50 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.09 209.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 445.80 209.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 481.40 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.55 209.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 523.70 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 540.41 209.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 568.22 209.10 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 64.62 197.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 96.00 197.10 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 134.33 197.10 Td (which ) Tj ET Q q 0 0 0 rg BT 161.84 197.10 Td (may ) Tj ET Q q 0 0 0 rg BT 181.56 197.10 Td (have ) Tj ET Q q 0 0 0 rg BT 203.50 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.00 197.10 Td (material ) Tj ET Q q 0 0 0 rg BT 247.94 197.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 281.54 197.10 Td (ef) Tj ET Q q 0 0 0 rg BT 289.13 197.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 306.62 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 319.68 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 336.63 197.10 Td (results ) Tj ET Q q 0 0 0 rg BT 366.36 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.19 197.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 423.03 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.09 197.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.82 197.10 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 173.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.14 173.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 104.74 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 116.80 173.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 146.06 173.10 Td (third ) Tj ET Q q 0 0 0 rg BT 167.01 173.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 195.72 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.56 173.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 238.17 173.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 273.01 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.50 173.10 Td (services ) Tj ET Q q 0 0 0 rg BT 323.77 173.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 364.70 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.42 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.81 173.10 Td (of) Tj ET Q q 0 0 0 rg BT 401.96 173.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 429.01 173.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 460.51 173.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 506.72 173.10 Td (including ) Tj ET Q q 0 0 0 rg BT 546.56 173.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 80.90 161.10 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 122.19 161.10 Td (caterers ) Tj ET Q q 0 0 0 rg BT 155.96 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.08 161.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 217.97 161.10 Td (suppliers. ) Tj ET Q q 0 0 0 rg BT 259.07 161.10 Td (The ) Tj ET Q q 0 0 0 rg BT 277.30 161.10 Td (number ) Tj ET Q q 0 0 0 rg BT 310.53 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.54 161.10 Td (available ) Tj ET Q q 0 0 0 rg BT 360.32 161.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 399.11 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 408.46 161.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 441.98 161.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 479.66 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.12 161.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 515.57 161.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 564.34 161.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 72.25 149.10 Td (key ) Tj ET Q q 0 0 0 rg BT 88.49 149.10 Td (supplies. ) Tj ET Q q 0 0 0 rg BT 125.44 149.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.48 149.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 146.85 149.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 176.97 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.55 149.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 215.56 149.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 241.53 149.10 Td (such ) Tj ET Q q 0 0 0 rg BT 261.67 149.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.81 149.10 Td (blow-out ) Tj ET Q q 0 0 0 rg BT 309.72 149.10 Td (preventers, ) Tj ET Q q 0 0 0 rg BT 355.67 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 369.14 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 383.15 149.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 422.16 149.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 465.06 149.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 486.87 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.89 149.10 Td (original ) Tj ET Q q 0 0 0 rg BT 533.80 149.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 91.72 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.79 137.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 131.52 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.38 137.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 199.65 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.40 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.03 137.10 Td (item ) Tj ET Q q 0 0 0 rg BT 245.22 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.97 137.10 Td (its ) Tj ET Q q 0 0 0 rg BT 267.83 137.10 Td (spare ) Tj ET Q q 0 0 0 rg BT 291.35 137.10 Td (parts. ) Tj ET Q q 0 0 0 rg BT 315.70 137.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 338.12 137.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 396.91 137.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 438.76 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 458.96 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.81 137.10 Td (high ) Tj ET Q q 0 0 0 rg BT 486.01 137.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 518.42 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.16 137.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 561.02 137.10 Td (rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (under ) Tj ET Q q 0 0 0 rg BT 61.10 125.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 115.37 125.10 Td (may ) Tj ET Q q 0 0 0 rg BT 134.91 125.10 Td (result ) Tj ET Q q 0 0 0 rg BT 159.46 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.57 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.34 125.10 Td (shortage ) Tj ET Q q 0 0 0 rg BT 212.55 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.21 125.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 258.32 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 125.10 Td (services ) Tj ET Q q 0 0 0 rg BT 309.63 125.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 341.95 125.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 385.37 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.92 125.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 418.36 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.02 125.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 464.13 125.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 492.01 125.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 537.11 125.10 Td (inhibiting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.02 113.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.38 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.52 113.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 125.43 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.02 113.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 164.59 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.40 113.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 198.48 113.10 Td (For ) Tj ET Q q 0 0 0 rg BT 214.17 113.10 Td (instance, ) Tj ET Q q 0 0 0 rg BT 251.24 113.10 Td (several ) Tj ET Q q 0 0 0 rg BT 281.37 113.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 312.62 113.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 359.69 113.10 Td (including ) Tj ET Q q 0 0 0 rg BT 399.27 113.10 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 434.68 113.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 484.78 113.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.80 113.10 Td (interruption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 101.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 90.98 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.25 101.10 Td (early ) Tj ET Q q 0 0 0 rg BT 123.73 101.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 146.22 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 157.05 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.98 101.10 Td (result ) Tj ET Q q 0 0 0 rg BT 188.70 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.52 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.45 101.10 Td (defective ) Tj ET Q q 0 0 0 rg BT 245.59 101.10 Td (batch ) Tj ET Q q 0 0 0 rg BT 269.74 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.57 101.10 Td (connector ) Tj ET Q q 0 0 0 rg BT 322.48 101.10 Td (bolts ) Tj ET Q q 0 0 0 rg BT 344.43 101.10 Td (procured ) Tj ET Q q 0 0 0 rg BT 382.46 101.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.96 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.89 101.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 436.60 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.43 101.10 Td (blow-out ) Tj ET Q q 0 0 0 rg BT 486.03 101.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 531.29 101.10 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.88 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.53 89.10 Td (only ) Tj ET Q q 0 0 0 rg BT 87.75 89.10 Td (source ) Tj ET Q q 0 0 0 rg BT 116.29 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.06 89.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 166.70 89.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 218.00 89.10 Td (bolts ) Tj ET Q q 0 0 0 rg BT 239.89 89.10 Td (was ) Tj ET Q q 0 0 0 rg BT 257.88 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 275.31 89.10 Td (same ) Tj ET Q q 0 0 0 rg BT 298.30 89.10 Td (supplier) Tj ET Q q 0 0 0 rg BT 329.96 89.10 Td (. ) Tj ET Q q 0 0 0 rg BT 334.73 89.10 Td (These ) Tj ET Q q 0 0 0 rg BT 361.04 89.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 379.59 89.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 418.67 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.44 89.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 457.43 89.10 Td (could ) Tj ET Q q 0 0 0 rg BT 482.08 89.10 Td (have ) Tj ET Q q 0 0 0 rg BT 503.40 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 510.28 89.10 Td (material ) Tj ET Q q 0 0 0 rg BT 545.47 89.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 77.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 60.87 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 73.18 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.81 77.10 Td (results ) Tj ET Q q 0 0 0 rg BT 117.22 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.85 77.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.80 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.54 77.10 Td (result ) Tj ET Q q 0 0 0 rg BT 213.06 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.14 77.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 236.55 77.10 Td (downtime, ) Tj ET Q q 0 0 0 rg BT 281.35 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.09 77.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 325.94 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.02 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.53 77.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 376.15 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.89 77.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 445.72 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.35 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.98 77.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 503.73 77.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 523.53 77.10 Td (Furthermore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (many ) Tj ET Q q 0 0 0 rg BT 60.14 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 70.39 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.65 65.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 123.68 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 137.81 65.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 157.52 65.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 202.21 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 212.46 65.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 250.50 65.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 299.64 65.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 328.22 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 338.48 65.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 380.94 65.10 Td (by ) Tj ET Q q 0 0 0 rg BT 392.87 65.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 412.57 65.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 459.76 65.10 Td (which ) Tj ET Q q 0 0 0 rg BT 486.12 65.10 Td (means ) Tj ET Q q 0 0 0 rg BT 513.59 65.10 Td (that ) Tj ET Q q 0 0 0 rg BT 530.51 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.21 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 554.35 65.10 Td (event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (a ) Tj ET Q q 0 0 0 rg BT 42.93 53.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 63.21 53.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 97.92 53.10 Td (was ) Tj ET Q q 0 0 0 rg BT 115.96 53.10 Td (debarred ) Tj ET Q q 0 0 0 rg BT 153.43 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.25 53.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 205.62 53.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 245.32 53.10 Td (by ) Tj ET Q q 0 0 0 rg BT 257.81 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.52 53.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 292.79 53.10 Td (government ) Tj ET Q q 0 0 0 rg BT 343.05 53.10 Td (from ) Tj ET Q q 0 0 0 rg BT 364.98 53.10 Td (delivering ) Tj ET Q q 0 0 0 rg BT 408.02 53.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 447.45 53.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.27 53.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 491.31 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.59 53.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 530.75 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.68 53.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.63 41.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 97.59 41.10 Td (could ) Tj ET Q q 0 0 0 rg BT 123.11 41.10 Td (be ) Tj ET Q q 0 0 0 rg BT 135.85 41.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 179.69 41.10 Td (impacted. ) Tj ET Q q 0 0 0 rg BT 222.14 41.10 Td (In ) Tj ET Q q 0 0 0 rg BT 233.77 41.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 272.35 41.10 Td (through ) Tj ET Q q 0 0 0 rg BT 306.76 41.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 350.60 41.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.35 41.10 Td (permitting, ) Tj ET Q q 0 0 0 rg BT 415.81 41.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 446.31 41.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 478.49 41.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 533.45 41.10 Td (ef) Tj ET Q q 0 0 0 rg BT 541.04 41.10 Td (fectively ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 65.31 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.07 749.10 Td (number ) Tj ET Q q 0 0 0 rg BT 111.16 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.03 749.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 158.68 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.66 749.10 Td (technicians ) Tj ET Q q 0 0 0 rg BT 221.19 749.10 Td (available ) Tj ET Q q 0 0 0 rg BT 258.82 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.14 749.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 296.35 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.33 749.10 Td (service ) Tj ET Q q 0 0 0 rg BT 342.19 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 357.06 749.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 400.26 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.58 749.10 Td (those ) Tj ET Q q 0 0 0 rg BT 432.24 749.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 485.72 749.10 Td (which ) Tj ET Q q 0 0 0 rg BT 511.70 749.10 Td (could ) Tj ET Q q 0 0 0 rg BT 535.46 749.10 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 65.71 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 81.54 737.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 132.44 713.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 152.34 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.45 713.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 220.19 713.10 Td (including ) Tj ET Q q 0 0 0 rg BT 261.20 713.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 322.76 713.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 342.66 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.77 713.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 410.51 713.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.28 713.10 Td (add ) Tj ET Q q 0 0 0 rg BT 445.84 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.17 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.18 713.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 495.23 713.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 524.56 713.10 Td (us ) Tj ET Q q 0 0 0 rg BT 535.56 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.90 713.10 Td (liability ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 47.39 701.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 68.78 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.74 701.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 118.80 701.10 Td (activity) Tj ET Q q 0 0 0 rg BT 147.86 701.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 88.84 677.10 Td (business ) Tj ET Q q 0 0 0 rg BT 124.02 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.09 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.59 677.10 Td (of) Tj ET Q q 0 0 0 rg BT 154.74 677.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 181.02 677.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 211.76 677.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 245.82 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 253.78 677.10 Td (af) Tj ET Q q 0 0 0 rg BT 261.37 677.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 287.08 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 298.37 677.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 317.99 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.72 677.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 379.44 677.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 411.27 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.34 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.85 677.10 Td (ener) Tj ET Q q 0 0 0 rg BT 450.87 677.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 462.16 677.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 496.23 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.96 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.46 677.10 Td (environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.40 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.23 665.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 108.28 665.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 131.43 665.10 Td (where ) Tj ET Q q 0 0 0 rg BT 158.48 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 172.76 665.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 207.31 665.10 Td (including ) Tj ET Q q 0 0 0 rg BT 247.70 665.10 Td (international ) Tj ET Q q 0 0 0 rg BT 300.86 665.10 Td (conventions ) Tj ET Q q 0 0 0 rg BT 351.80 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.86 665.10 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 402.85 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.91 665.10 Td (regional, ) Tj ET Q q 0 0 0 rg BT 457.79 665.10 Td (national, ) Tj ET Q q 0 0 0 rg BT 495.12 665.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 518.57 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.63 665.10 Td (local ) Tj ET Q q 0 0 0 rg BT 557.68 665.10 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 53.08 653.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 100.15 653.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 143.89 653.10 Td (those ) Tj ET Q q 0 0 0 rg BT 167.63 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.60 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.45 653.10 Td (International ) Tj ET Q q 0 0 0 rg BT 247.18 653.10 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 287.03 653.10 Td (Or) Tj ET Q q 0 0 0 rg BT 297.40 653.10 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 344.18 653.10 Td (European ) Tj ET Q q 0 0 0 rg BT 385.14 653.10 Td (Union, ) Tj ET Q q 0 0 0 rg BT 415.27 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.13 653.10 Td (United ) Tj ET Q q 0 0 0 rg BT 459.98 653.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 502.89 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.97 653.10 Td (Norway\). ) Tj ET Q q 0 0 0 rg BT 560.46 653.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 641.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 71.11 641.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 102.53 641.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 137.28 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 145.92 641.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 188.98 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 200.96 641.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 234.58 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.21 641.10 Td (services ) Tj ET Q q 0 0 0 rg BT 282.39 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 303.80 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.99 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 330.52 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.93 641.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 362.23 641.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 409.75 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.16 641.10 Td (production ) Tj ET Q q 0 0 0 rg BT 471.45 641.10 Td (industry) Tj ET Q q 0 0 0 rg BT 503.58 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 508.05 641.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 526.96 641.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 573.52 641.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 51.38 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 67.30 629.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 101.56 629.10 Td (af) Tj ET Q q 0 0 0 rg BT 109.15 629.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 137.29 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.01 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.95 629.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 205.66 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.71 629.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 239.76 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.91 629.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 306.07 629.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 327.28 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.66 629.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 387.75 629.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 449.23 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.27 629.10 Td (other ) Tj ET Q q 0 0 0 rg BT 485.54 629.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 514.25 629.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 550.46 629.10 Td (curtail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 84.88 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.67 617.10 Td (development ) Tj ET Q q 0 0 0 rg BT 157.66 617.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 190.44 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.45 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 219.34 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.13 617.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 256.30 617.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 307.96 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 329.08 617.10 Td (such ) Tj ET Q q 0 0 0 rg BT 350.75 617.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 374.93 617.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 422.70 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.48 617.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 484.09 617.10 Td (where ) Tj ET Q q 0 0 0 rg BT 511.86 617.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 558.80 617.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (require ) Tj ET Q q 0 0 0 rg BT 67.00 605.10 Td (us ) Tj ET Q q 0 0 0 rg BT 78.57 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.02 605.10 Td (make ) Tj ET Q q 0 0 0 rg BT 113.36 605.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 158.25 605.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 187.58 605.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 243.85 605.10 Td (such ) Tj ET Q q 0 0 0 rg BT 264.86 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.87 605.10 Td (installation ) Tj ET Q q 0 0 0 rg BT 322.99 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.00 605.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 360.57 605.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 405.46 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.47 605.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 464.13 605.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 501.52 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.63 605.10 Td (may ) Tj ET Q q 0 0 0 rg BT 538.53 605.10 Td (af) Tj ET Q q 0 0 0 rg BT 546.12 605.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 563.78 605.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 61.45 593.10 Td (value ) Tj ET Q q 0 0 0 rg BT 85.25 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.71 593.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 122.29 593.10 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 155.53 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.99 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.46 593.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 200.94 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 209.58 593.10 Td (e ) Tj ET Q q 0 0 0 rg BT 216.16 593.10 Td (may ) Tj ET Q q 0 0 0 rg BT 235.51 593.10 Td (also ) Tj ET Q q 0 0 0 rg BT 253.76 593.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 276.44 593.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 318.57 593.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 340.71 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.63 593.10 Td (order ) Tj ET Q q 0 0 0 rg BT 373.86 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.78 593.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 415.91 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 435.83 593.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.51 593.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 492.31 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.89 593.10 Td (future ) Tj ET Q q 0 0 0 rg BT 534.90 593.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 85.39 581.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 128.10 581.10 Td (but ) Tj ET Q q 0 0 0 rg BT 143.33 581.10 Td (not ) Tj ET Q q 0 0 0 rg BT 158.55 581.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 189.32 581.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 202.04 581.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 224.49 581.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 257.47 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.70 581.10 Td (air ) Tj ET Q q 0 0 0 rg BT 280.69 581.10 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 325.08 581.10 Td (including ) Tj ET Q q 0 0 0 rg BT 365.30 581.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 413.28 581.10 Td (gases, ) Tj ET Q q 0 0 0 rg BT 439.88 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.54 581.10 Td (management ) Tj ET Q q 0 0 0 rg BT 508.08 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.85 581.10 Td (ballast ) Tj ET Q q 0 0 0 rg BT 547.40 581.10 Td (waters, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 90.38 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.68 569.10 Td (inspection, ) Tj ET Q q 0 0 0 rg BT 156.14 569.10 Td (development ) Tj ET Q q 0 0 0 rg BT 211.65 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.95 569.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 296.57 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.75 569.10 Td (emer) Tj ET Q q 0 0 0 rg BT 328.56 569.10 Td (gency ) Tj ET Q q 0 0 0 rg BT 356.29 569.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 404.02 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.31 569.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 464.49 569.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 504.43 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.62 569.10 Td (other ) Tj ET Q q 0 0 0 rg BT 541.02 569.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 77.35 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.15 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.96 557.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 131.99 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.25 557.10 Td (address ) Tj ET Q q 0 0 0 rg BT 174.72 557.10 Td (pollution ) Tj ET Q q 0 0 0 rg BT 213.31 557.10 Td (incidents. ) Tj ET Q q 0 0 0 rg BT 254.39 557.10 Td (Further) Tj ET Q q 0 0 0 rg BT 283.43 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 288.40 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.21 557.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 332.24 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.50 557.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 378.85 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.11 557.10 Td (international ) Tj ET Q q 0 0 0 rg BT 442.12 557.10 Td (of) Tj ET Q q 0 0 0 rg BT 450.27 557.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 477.74 557.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 512.42 557.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 544.34 557.10 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (may ) Tj ET Q q 0 0 0 rg BT 55.50 545.10 Td (be ) Tj ET Q q 0 0 0 rg BT 67.23 545.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 97.85 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 110.14 545.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 141.30 545.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 198.57 545.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 245.29 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 262.57 545.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.96 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.58 545.10 Td (require ) Tj ET Q q 0 0 0 rg BT 327.18 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.68 545.10 Td (awarding ) Tj ET Q q 0 0 0 rg BT 381.18 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.80 545.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 430.18 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.24 545.10 Td (local ) Tj ET Q q 0 0 0 rg BT 461.96 545.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 508.68 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.29 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 531.58 545.10 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 75.13 533.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 106.49 533.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 153.39 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.64 533.10 Td (employ ) Tj ET Q q 0 0 0 rg BT 196.11 533.10 Td (citizens ) Tj ET Q q 0 0 0 rg BT 229.13 533.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 242.44 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.25 533.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 291.26 533.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 326.52 533.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 350.93 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.85 533.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 398.64 533.10 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 449.17 533.10 Td (Governments ) Tj ET Q q 0 0 0 rg BT 505.52 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.77 533.10 Td (some ) Tj ET Q q 0 0 0 rg BT 539.36 533.10 Td (countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 50.88 521.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 102.43 521.10 Td (active ) Tj ET Q q 0 0 0 rg BT 128.98 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.43 521.10 Td (regulating ) Tj ET Q q 0 0 0 rg BT 182.65 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.76 521.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 246.32 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.21 521.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 305.54 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.55 521.10 Td (concessions, ) Tj ET Q q 0 0 0 rg BT 369.49 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.38 521.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 432.60 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 446.93 521.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.17 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.28 521.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 495.78 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.90 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 536.12 521.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 567.67 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.63 509.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 63.60 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 80.45 509.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.19 509.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 139.99 509.10 Td (Of) Tj ET Q q 0 0 0 rg BT 150.36 509.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 177.76 509.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 209.62 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.81 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 249.42 509.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 272.37 509.10 Td (has ) Tj ET Q q 0 0 0 rg BT 288.11 509.10 Td (been ) Tj ET Q q 0 0 0 rg BT 309.40 509.10 Td (curtailed ) Tj ET Q q 0 0 0 rg BT 346.80 509.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 366.15 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.34 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 405.95 509.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 431.96 509.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 475.48 509.10 Td (because ) Tj ET Q q 0 0 0 rg BT 509.54 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.28 509.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 558.23 509.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 79.44 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.68 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.80 497.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 161.53 497.10 Td (These ) Tj ET Q q 0 0 0 rg BT 188.31 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 211.21 497.10 Td (could ) Tj ET Q q 0 0 0 rg BT 236.33 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 258.11 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.46 497.10 Td (material ) Tj ET Q q 0 0 0 rg BT 301.12 497.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 334.56 497.10 Td (ef) Tj ET Q q 0 0 0 rg BT 342.15 497.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 360.03 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 372.94 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.17 497.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 428.46 497.10 Td (results ) Tj ET Q q 0 0 0 rg BT 457.47 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.71 497.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 515.77 497.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 536.44 497.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 561.56 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 73.80 485.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 116.27 485.10 Td (A) Tj ET Q q 0 0 0 rg BT 122.94 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.76 485.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 154.68 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.28 485.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 198.10 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 218.70 485.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 262.61 485.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 283.76 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.02 485.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 348.27 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 368.31 485.10 Td (result ) Tj ET Q q 0 0 0 rg BT 393.35 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.95 485.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 463.98 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.24 485.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 501.83 485.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 542.69 485.10 Td (criminal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 75.72 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 86.55 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.26 473.10 Td (suspension ) Tj ET Q q 0 0 0 rg BT 147.66 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 158.49 473.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 207.08 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.91 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 233.74 473.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 449.10 Td (o ) Tj ET Q q 0 0 0 rg BT 84.94 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.69 449.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 126.65 449.10 Td (new ) Tj ET Q q 0 0 0 rg BT 145.84 449.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 166.70 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.44 449.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 214.51 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.37 449.10 Td (other ) Tj ET Q q 0 0 0 rg BT 248.44 449.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 305.96 449.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 336.81 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 351.55 449.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 375.73 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.26 449.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 427.46 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.32 449.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 468.61 449.10 Td (of) Tj ET Q q 0 0 0 rg BT 476.76 449.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 504.28 449.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 536.26 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 547.12 449.10 Td (impose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 79.17 437.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 140.11 437.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 183.83 437.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 239.22 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.39 437.10 Td (result ) Tj ET Q q 0 0 0 rg BT 282.79 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.75 437.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 334.69 437.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 357.87 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.83 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.23 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 397.96 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.58 437.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 432.09 437.10 Td (industry) Tj ET Q q 0 0 0 rg BT 464.22 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 469.90 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.86 437.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 515.97 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.48 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.88 437.10 Td (of) Tj ET Q q 0 0 0 rg BT 551.03 437.10 Td (fshore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.18 425.10 Td (industry) Tj ET Q q 0 0 0 rg BT 99.31 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 103.54 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.05 425.10 Td (particular) Tj ET Q q 0 0 0 rg BT 150.96 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 155.19 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.26 425.10 Td (business ) Tj ET Q q 0 0 0 rg BT 205.88 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.95 425.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 255.45 425.10 Td (could ) Tj ET Q q 0 0 0 rg BT 279.40 425.10 Td (be ) Tj ET Q q 0 0 0 rg BT 290.57 425.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 332.84 425.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 372.89 425.10 Td (af) Tj ET Q q 0 0 0 rg BT 380.48 425.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 409.13 425.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 470.30 425.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 512.57 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.64 425.10 Td (arctic ) Tj ET Q q 0 0 0 rg BT 546.57 425.10 Td (regions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 44.91 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 51.58 413.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 99.91 413.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 137.14 413.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 159.37 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.39 413.10 Td (some ) Tj ET Q q 0 0 0 rg BT 192.73 413.10 Td (countries, ) Tj ET Q q 0 0 0 rg BT 234.13 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.80 413.10 Td (may ) Tj ET Q q 0 0 0 rg BT 270.25 413.10 Td (be ) Tj ET Q q 0 0 0 rg BT 281.93 413.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 312.49 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.50 413.10 Td (special ) Tj ET Q q 0 0 0 rg BT 352.50 413.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 394.73 413.10 Td (new ) Tj ET Q q 0 0 0 rg BT 413.63 413.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 462.64 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.42 413.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 520.42 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.98 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 546.55 413.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 52.43 401.10 Td (will ) Tj ET Q q 0 0 0 rg BT 69.42 401.10 Td (require ) Tj ET Q q 0 0 0 rg BT 99.17 401.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 127.81 401.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 184.22 401.10 Td (approvals. ) Tj ET Q q 0 0 0 rg BT 227.03 401.10 Td (Depending ) Tj ET Q q 0 0 0 rg BT 272.34 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.77 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.42 401.10 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 346.91 401.10 Td (these ) Tj ET Q q 0 0 0 rg BT 368.89 401.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 425.30 401.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 465.61 401.10 Td (may ) Tj ET Q q 0 0 0 rg BT 484.26 401.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 515.69 401.10 Td (public ) Tj ET Q q 0 0 0 rg BT 542.12 401.10 Td (hearings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.78 389.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 79.00 389.10 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 133.00 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.34 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.00 389.10 Td (part. ) Tj ET Q q 0 0 0 rg BT 181.22 389.10 Td (W) Tj ET Q q 0 0 0 rg BT 189.86 389.10 Td (e ) Tj ET Q q 0 0 0 rg BT 196.64 389.10 Td (may ) Tj ET Q q 0 0 0 rg BT 216.19 389.10 Td (not ) Tj ET Q q 0 0 0 rg BT 231.31 389.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 258.64 389.10 Td (such ) Tj ET Q q 0 0 0 rg BT 279.31 389.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 320.53 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 331.20 389.10 Td (such ) Tj ET Q q 0 0 0 rg BT 351.87 389.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 393.08 389.10 Td (may ) Tj ET Q q 0 0 0 rg BT 412.64 389.10 Td (not ) Tj ET Q q 0 0 0 rg BT 427.75 389.10 Td (be ) Tj ET Q q 0 0 0 rg BT 439.53 389.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 476.30 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.42 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.20 389.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 521.09 389.10 Td (manner) Tj ET Q q 0 0 0 rg BT 550.52 389.10 Td (. ) Tj ET Q q 0 0 0 rg BT 555.36 389.10 Td (If ) Tj ET Q q 0 0 0 rg BT 564.36 389.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 51.34 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.14 377.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 88.71 377.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 116.26 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.49 377.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 171.38 377.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 212.27 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.62 377.10 Td (permits, ) Tj ET Q q 0 0 0 rg BT 257.13 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 272.47 377.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 315.04 377.10 Td (may ) Tj ET Q q 0 0 0 rg BT 334.27 377.10 Td (have ) Tj ET Q q 0 0 0 rg BT 355.17 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.40 377.10 Td (right ) Tj ET Q q 0 0 0 rg BT 390.30 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.10 377.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 439.87 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.22 377.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 470.00 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.80 377.10 Td (renegotiate ) Tj ET Q q 0 0 0 rg BT 526.23 377.10 Td (their ) Tj ET Q q 0 0 0 rg BT 546.58 377.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 74.37 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.43 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.04 365.10 Td (detriment. ) Tj ET Q q 0 0 0 rg BT 142.97 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 160.80 365.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 209.73 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.34 365.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 273.72 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.33 365.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 318.27 365.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 338.88 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.60 365.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 402.31 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.92 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.42 365.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 464.69 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.30 365.10 Td (new ) Tj ET Q q 0 0 0 rg BT 494.24 365.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 514.85 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.57 365.10 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (curtailing ) Tj ET Q q 0 0 0 rg BT 76.53 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.08 353.10 Td (further ) Tj ET Q q 0 0 0 rg BT 116.50 353.10 Td (regulating ) Tj ET Q q 0 0 0 rg BT 159.25 353.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 207.56 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.10 353.10 Td (development ) Tj ET Q q 0 0 0 rg BT 271.97 353.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 303.62 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.28 353.10 Td (production ) Tj ET Q q 0 0 0 rg BT 365.81 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.36 353.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 389.13 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.78 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 421.32 353.10 Td (could ) Tj ET Q q 0 0 0 rg BT 445.75 353.10 Td (have ) Tj ET Q q 0 0 0 rg BT 466.84 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.50 353.10 Td (material ) Tj ET Q q 0 0 0 rg BT 508.47 353.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 541.22 353.10 Td (ef) Tj ET Q q 0 0 0 rg BT 548.81 353.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 566.00 353.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.62 341.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 92.30 341.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 133.36 341.10 Td (results ) Tj ET Q q 0 0 0 rg BT 162.76 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.38 341.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 212.65 341.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 256.21 341.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 285.61 341.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 322.78 341.10 Td (may ) Tj ET Q q 0 0 0 rg BT 343.29 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.02 341.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 400.96 341.10 Td (af) Tj ET Q q 0 0 0 rg BT 408.55 341.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 436.26 341.10 Td (by ) Tj ET Q q 0 0 0 rg BT 449.55 341.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 498.93 341.10 Td (with ) Tj ET Q q 0 0 0 rg BT 520.00 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 537.73 341.10 Td (such ) Tj ET Q q 0 0 0 rg BT 559.35 341.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 80.16 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 90.99 329.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (As ) Tj ET Q q 0 0 0 rg BT 85.19 305.10 Td (an ) Tj ET Q q 0 0 0 rg BT 96.71 305.10 Td (operator ) Tj ET Q q 0 0 0 rg BT 132.10 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.50 305.10 Td (mobile ) Tj ET Q q 0 0 0 rg BT 172.35 305.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 203.87 305.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 223.45 305.10 Td (we ) Tj ET Q q 0 0 0 rg BT 237.19 305.10 Td (may ) Tj ET Q q 0 0 0 rg BT 256.48 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.00 305.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 292.28 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 306.02 305.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 343.08 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.60 305.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 381.68 305.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 417.07 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.92 305.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 472.87 305.10 Td (with ) Tj ET Q q 0 0 0 rg BT 492.73 305.10 Td (spills ) Tj ET Q q 0 0 0 rg BT 515.92 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.33 305.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 538.96 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.48 305.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 77.91 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.27 293.10 Td (substances ) Tj ET Q q 0 0 0 rg BT 138.96 293.10 Td (related ) Tj ET Q q 0 0 0 rg BT 168.09 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.79 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.05 293.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 239.13 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.49 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 269.08 293.10 Td (may ) Tj ET Q q 0 0 0 rg BT 288.22 293.10 Td (also ) Tj ET Q q 0 0 0 rg BT 306.26 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.62 293.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 347.87 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.57 293.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 401.71 293.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 423.07 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.78 293.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 478.58 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 498.28 293.10 Td (spills. ) Tj ET Q q 0 0 0 rg BT 523.82 293.10 Td (For ) Tj ET Q q 0 0 0 rg BT 539.64 293.10 Td (example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (an ) Tj ET Q q 0 0 0 rg BT 47.85 281.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 60.81 281.10 Td (spill ) Tj ET Q q 0 0 0 rg BT 80.45 281.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.08 281.10 Td (result ) Tj ET Q q 0 0 0 rg BT 129.70 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.89 281.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 184.51 281.10 Td (liability) Tj ET Q q 0 0 0 rg BT 214.97 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 219.88 281.10 Td (including ) Tj ET Q q 0 0 0 rg BT 260.06 281.10 Td (fines, ) Tj ET Q q 0 0 0 rg BT 284.41 281.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 322.36 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.21 281.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 374.94 281.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 408.46 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.31 281.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 475.48 281.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 497.89 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.96 281.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 542.13 281.10 Td (resource ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 73.62 269.10 Td (under ) Tj ET Q q 0 0 0 rg BT 99.02 269.10 Td (other ) Tj ET Q q 0 0 0 rg BT 122.20 269.10 Td (international ) Tj ET Q q 0 0 0 rg BT 175.37 269.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 198.83 269.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.80 269.10 Td (well ) Tj ET Q q 0 0 0 rg BT 229.65 269.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.61 269.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 286.01 269.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 326.13 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.54 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.39 269.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 378.46 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 396.08 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.93 269.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 457.99 269.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 523.94 269.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 568.24 269.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 50.91 257.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.94 257.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 119.62 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 133.41 257.10 Td (not ) Tj ET Q q 0 0 0 rg BT 147.77 257.10 Td (suf) Tj ET Q q 0 0 0 rg BT 159.82 257.10 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 189.44 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.36 257.10 Td (if ) Tj ET Q q 0 0 0 rg BT 207.05 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.96 257.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 249.65 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 263.44 257.10 Td (unwilling ) Tj ET Q q 0 0 0 rg BT 303.36 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.28 257.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 341.52 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.88 257.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 404.66 257.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 447.35 257.10 Td (us ) Tj ET Q q 0 0 0 rg BT 457.83 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 478.85 257.10 Td (these ) Tj ET Q q 0 0 0 rg BT 500.98 257.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 523.61 257.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 573.51 257.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 49.96 245.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.47 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 84.55 245.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.29 245.10 Td (able ) Tj ET Q q 0 0 0 rg BT 115.24 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.32 245.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 152.61 245.10 Td (such ) Tj ET Q q 0 0 0 rg BT 173.24 245.10 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 222.20 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.28 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.91 245.10 Td (future ) Tj ET Q q 0 0 0 rg BT 274.08 245.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 312.48 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.21 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.84 245.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 373.25 245.10 Td (may ) Tj ET Q q 0 0 0 rg BT 392.76 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 407.84 245.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.01 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.53 245.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.81 245.10 Td (capability ) Tj ET Q q 0 0 0 rg BT 522.54 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.61 245.10 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 557.69 245.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 82.61 233.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 129.24 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.20 233.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 152.30 233.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 175.87 233.10 Td (these ) Tj ET Q q 0 0 0 rg BT 198.61 233.10 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 247.45 233.10 Td (may ) Tj ET Q q 0 0 0 rg BT 266.86 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 278.48 233.10 Td (held ) Tj ET Q q 0 0 0 rg BT 297.89 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.85 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 319.48 233.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 378.29 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.26 233.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 417.65 233.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 471.78 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.29 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.92 233.10 Td (result ) Tj ET Q q 0 0 0 rg BT 513.32 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.84 233.10 Td (public ) Tj ET Q q 0 0 0 rg BT 551.02 233.10 Td (policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 47.39 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.12 221.10 Td (other ) Tj ET Q q 0 0 0 rg BT 85.73 221.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 121.28 221.10 Td (Laws ) Tj ET Q q 0 0 0 rg BT 146.01 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.51 221.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 211.01 221.10 Td (protecting ) Tj ET Q q 0 0 0 rg BT 254.61 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.89 221.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 323.50 221.10 Td (have ) Tj ET Q q 0 0 0 rg BT 345.44 221.10 Td (become ) Tj ET Q q 0 0 0 rg BT 379.60 221.10 Td (more ) Tj ET Q q 0 0 0 rg BT 403.21 221.10 Td (stringent ) Tj ET Q q 0 0 0 rg BT 441.27 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.11 221.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 479.60 221.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 506.26 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.76 221.10 Td (may ) Tj ET Q q 0 0 0 rg BT 544.04 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.89 221.10 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 59.00 209.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 89.80 209.10 Td (strict ) Tj ET Q q 0 0 0 rg BT 111.70 209.10 Td (liability) Tj ET Q q 0 0 0 rg BT 142.16 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.56 209.10 Td (rendering ) Tj ET Q q 0 0 0 rg BT 186.78 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.13 209.10 Td (person ) Tj ET Q q 0 0 0 rg BT 221.69 209.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 245.81 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 259.38 209.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 319.04 209.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 352.04 209.10 Td (without ) Tj ET Q q 0 0 0 rg BT 384.50 209.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 411.95 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.63 209.10 Td (negligence. ) Tj ET Q q 0 0 0 rg BT 469.21 209.10 Td (These ) Tj ET Q q 0 0 0 rg BT 494.99 209.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 515.23 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.57 209.10 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (may ) Tj ET Q q 0 0 0 rg BT 55.64 197.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 85.84 197.10 Td (us ) Tj ET Q q 0 0 0 rg BT 97.15 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.36 197.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 140.89 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.98 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.62 197.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 203.70 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.46 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.21 197.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 269.30 197.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 298.94 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 311.36 197.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 340.73 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.48 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 365.57 197.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 383.54 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 400.96 197.10 Td (were ) Tj ET Q q 0 0 0 rg BT 422.82 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.02 197.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 481.54 197.10 Td (with ) Tj ET Q q 0 0 0 rg BT 501.74 197.10 Td (all ) Tj ET Q q 0 0 0 rg BT 514.16 197.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 557.68 197.10 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (at ) Tj ET Q q 0 0 0 rg BT 46.29 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.59 185.10 Td (time ) Tj ET Q q 0 0 0 rg BT 82.44 185.10 Td (when ) Tj ET Q q 0 0 0 rg BT 107.17 185.10 Td (such ) Tj ET Q q 0 0 0 rg BT 128.58 185.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 147.20 185.10 Td (were ) Tj ET Q q 0 0 0 rg BT 169.71 185.10 Td (performed. ) Tj ET Q q 0 0 0 rg BT 216.71 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.33 185.10 Td (application ) Tj ET Q q 0 0 0 rg BT 282.83 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.24 185.10 Td (these ) Tj ET Q q 0 0 0 rg BT 317.86 185.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 373.14 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.55 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.84 185.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 437.91 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.32 185.10 Td (new ) Tj ET Q q 0 0 0 rg BT 469.05 185.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 524.33 185.10 Td (could ) Tj ET Q q 0 0 0 rg BT 549.63 185.10 Td (have ) Tj ET Q q 0 0 0 rg BT 571.58 185.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (material ) Tj ET Q q 0 0 0 rg BT 71.26 173.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 104.30 173.10 Td (ef) Tj ET Q q 0 0 0 rg BT 111.88 173.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 129.37 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 141.87 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.70 173.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.18 173.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 232.41 173.10 Td (results ) Tj ET Q q 0 0 0 rg BT 261.01 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.84 173.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 316.00 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.83 173.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.10 173.10 Td (flows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 149.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 149.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.09 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 106.80 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 118.74 149.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 150.13 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.41 149.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 200.14 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 218.76 149.10 Td (could ) Tj ET Q q 0 0 0 rg BT 244.04 149.10 Td (have ) Tj ET Q q 0 0 0 rg BT 265.97 149.10 Td (an ) Tj ET Q q 0 0 0 rg BT 279.04 149.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 312.63 149.10 Td (ef) Tj ET Q q 0 0 0 rg BT 320.22 149.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 337.71 149.10 Td (on ) Tj ET Q q 0 0 0 rg BT 350.77 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.72 149.10 Td (business ) Tj ET Q q 0 0 0 rg BT 405.24 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.30 149.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.03 149.10 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 125.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.02 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.17 125.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 142.21 125.10 Td (not ) Tj ET Q q 0 0 0 rg BT 157.94 125.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 195.88 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.60 125.10 Td (any ) Tj ET Q q 0 0 0 rg BT 223.99 125.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 263.04 125.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 295.42 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 313.36 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 328.52 125.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 366.99 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.72 125.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.54 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.92 125.10 Td (material ) Tj ET Q q 0 0 0 rg BT 442.63 125.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 476.11 125.10 Td (ef) Tj ET Q q 0 0 0 rg BT 483.70 125.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 501.63 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 514.58 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 530.85 125.10 Td (business ) Tj ET Q q 0 0 0 rg BT 567.69 125.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 74.43 113.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 118.16 113.10 Td (Nevertheless, ) Tj ET Q q 0 0 0 rg BT 175.75 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 190.86 113.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 233.18 113.10 Td (that ) Tj ET Q q 0 0 0 rg BT 251.63 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 266.74 113.10 Td (could ) Tj ET Q q 0 0 0 rg BT 292.41 113.10 Td (be ) Tj ET Q q 0 0 0 rg BT 305.30 113.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 343.74 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.97 113.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 394.53 113.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 427.42 113.10 Td (from ) Tj ET Q q 0 0 0 rg BT 450.31 113.10 Td (time ) Tj ET Q q 0 0 0 rg BT 471.53 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.76 113.10 Td (time ) Tj ET Q q 0 0 0 rg BT 503.99 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.22 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.88 113.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 560.46 113.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 76.73 101.10 Td (hazards ) Tj ET Q q 0 0 0 rg BT 110.24 101.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 145.98 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.72 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.91 101.10 Td (of) Tj ET Q q 0 0 0 rg BT 180.06 101.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 208.02 101.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 240.43 101.10 Td (business ) Tj ET Q q 0 0 0 rg BT 277.30 101.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 308.03 101.10 Td (us ) Tj ET Q q 0 0 0 rg BT 319.90 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.65 101.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 372.22 101.10 Td (including ) Tj ET Q q 0 0 0 rg BT 412.97 101.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 449.81 101.10 Td (injury ) Tj ET Q q 0 0 0 rg BT 476.67 101.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 518.25 101.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 77.25 89.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 124.30 89.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 163.05 89.10 Td (with ) Tj ET Q q 0 0 0 rg BT 183.47 89.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 214.71 89.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 261.77 89.10 Td (property ) Tj ET Q q 0 0 0 rg BT 298.29 89.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 339.53 89.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 354.39 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 365.36 89.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 405.76 89.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 447.00 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.08 89.10 Td (maritime ) Tj ET Q q 0 0 0 rg BT 502.82 89.10 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 538.23 89.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.49 77.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 85.55 77.10 Td (arrest ) Tj ET Q q 0 0 0 rg BT 110.04 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.64 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.25 77.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 167.97 77.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 187.59 77.10 Td (W) Tj ET Q q 0 0 0 rg BT 196.22 77.10 Td (e ) Tj ET Q q 0 0 0 rg BT 202.94 77.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 231.87 77.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 261.91 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.97 77.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 319.23 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.72 77.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 370.44 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 381.04 77.10 Td (ef) Tj ET Q q 0 0 0 rg BT 388.63 77.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 405.89 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.50 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 433.22 77.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 457.71 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.32 77.10 Td (other ) Tj ET Q q 0 0 0 rg BT 491.14 77.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 529.53 77.10 Td (matter) Tj ET Q q 0 0 0 rg BT 554.52 77.10 Td (. ) Tj ET Q q 0 0 0 rg BT 558.79 77.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (future ) Tj ET Q q 0 0 0 rg BT 63.02 65.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 102.27 65.10 Td (may ) Tj ET Q q 0 0 0 rg BT 122.63 65.10 Td (have ) Tj ET Q q 0 0 0 rg BT 144.64 65.10 Td (an ) Tj ET Q q 0 0 0 rg BT 157.22 65.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 190.90 65.10 Td (ef) Tj ET Q q 0 0 0 rg BT 198.49 65.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 216.62 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.76 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.23 65.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 285.76 65.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 323.88 65.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 361.75 65.10 Td (results ) Tj ET Q q 0 0 0 rg BT 391.00 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.47 65.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 447.27 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.85 65.10 Td (its ) Tj ET Q q 0 0 0 rg BT 477.44 65.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 506.13 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.05 65.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 534.63 65.10 Td (dividends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (because ) Tj ET Q q 0 0 0 rg BT 72.26 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.21 53.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 124.81 53.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 163.30 53.10 Td (outcomes, ) Tj ET Q q 0 0 0 rg BT 208.74 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.57 53.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 250.19 53.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 295.90 53.10 Td (with ) Tj ET Q q 0 0 0 rg BT 318.29 53.10 Td (prosecuting ) Tj ET Q q 0 0 0 rg BT 369.56 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.51 53.10 Td (defending ) Tj ET Q q 0 0 0 rg BT 427.11 53.10 Td (such ) Tj ET Q q 0 0 0 rg BT 450.06 53.10 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 489.95 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.01 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.84 53.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 567.67 53.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (management) Tj ET Q q 0 0 0 rg BT 89.87 41.10 Td (s ) Tj ET Q q 0 0 0 rg BT 95.42 41.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 132.07 41.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.51 41.10 Td (these ) Tj ET Q q 0 0 0 rg BT 163.71 41.10 Td (matters. ) Tj ET Q q 0 0 0 rg BT 197.31 41.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.97 41.10 Td (See ) Tj ET Q q 0 0 0 rg BT 215.07 41.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 239.49 41.10 Td (8. ) Tj ET Q q 0 0 0 rg BT 248.65 41.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 303.08 41.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 348.63 41.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.73 41.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 389.15 41.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 428.03 41.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 477.45 41.10 Td (- ) Tj ET Q q 0 0 0 rg BT 484.38 41.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 495.77 41.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 520.19 41.10 Td (Proceedings.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.17 749.25 Td (business ) Tj ET Q q 0 0 0 rg BT 128.69 749.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.75 749.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 192.59 749.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 224.52 749.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 268.71 749.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 310.66 749.25 Td (hazards, ) Tj ET Q q 0 0 0 rg BT 347.89 749.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.96 749.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.91 749.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 426.53 749.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.59 749.25 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 494.88 749.25 Td (from ) Tj ET Q q 0 0 0 rg BT 517.38 749.25 Td (our ) Tj ET Q q 0 0 0 rg BT 534.33 749.25 Td (customers ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td (may ) Tj ET Q q 0 0 0 rg BT 55.72 737.25 Td (not ) Tj ET Q q 0 0 0 rg BT 71.56 737.25 Td (be ) Tj ET Q q 0 0 0 rg BT 83.50 737.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 123.21 737.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.49 737.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 158.20 737.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 196.81 737.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 223.20 737.25 Td (from ) Tj ET Q q 0 0 0 rg BT 245.70 737.25 Td (our ) Tj ET Q q 0 0 0 rg BT 262.66 737.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.84 713.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 135.78 713.25 Td (are ) Tj ET Q q 0 0 0 rg BT 151.27 713.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 182.88 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.94 713.25 Td (hazards ) Tj ET Q q 0 0 0 rg BT 227.77 713.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 263.81 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.88 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.38 713.25 Td (of) Tj ET Q q 0 0 0 rg BT 298.53 713.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 326.80 713.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 359.53 713.25 Td (industry) Tj ET Q q 0 0 0 rg BT 391.66 713.25 Td (, ) Tj ET Q q 0 0 0 rg BT 397.45 713.25 Td (such ) Tj ET Q q 0 0 0 rg BT 419.06 713.25 Td (as ) Tj ET Q q 0 0 0 rg BT 430.68 713.25 Td (blowouts, ) Tj ET Q q 0 0 0 rg BT 473.13 713.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 511.96 713.25 Td (damage, ) Tj ET Q q 0 0 0 rg BT 548.83 713.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 567.68 713.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 83.96 701.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 101.65 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.11 701.25 Td (well ) Tj ET Q q 0 0 0 rg BT 131.46 701.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 164.41 701.25 Td (lost ) Tj ET Q q 0 0 0 rg BT 180.99 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 191.45 701.25 Td (stuck ) Tj ET Q q 0 0 0 rg BT 214.69 701.25 Td (drill ) Tj ET Q q 0 0 0 rg BT 233.48 701.25 Td (strings, ) Tj ET Q q 0 0 0 rg BT 264.78 701.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 309.13 701.25 Td (defects, ) Tj ET Q q 0 0 0 rg BT 342.07 701.25 Td (punch-throughs, ) Tj ET Q q 0 0 0 rg BT 409.47 701.25 Td (craterings, ) Tj ET Q q 0 0 0 rg BT 453.53 701.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 475.92 701.25 Td (explosions ) Tj ET Q q 0 0 0 rg BT 520.83 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.40 701.25 Td (pollution. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (Contract ) Tj ET Q q 0 0 0 rg BT 72.79 689.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 104.58 689.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 139.14 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.71 689.25 Td (use ) Tj ET Q q 0 0 0 rg BT 169.40 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.08 689.25 Td (heavy ) Tj ET Q q 0 0 0 rg BT 206.31 689.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 250.88 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.67 689.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 306.12 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.25 689.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 359.14 689.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 405.66 689.25 Td (which ) Tj ET Q q 0 0 0 rg BT 432.46 689.25 Td (may ) Tj ET Q q 0 0 0 rg BT 452.03 689.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 482.70 689.25 Td (us ) Tj ET Q q 0 0 0 rg BT 493.95 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.08 689.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 537.54 689.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 566.00 689.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 82.98 677.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 125.25 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.41 677.25 Td (third ) Tj ET Q q 0 0 0 rg BT 162.02 677.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 192.77 677.25 Td (These ) Tj ET Q q 0 0 0 rg BT 218.37 677.25 Td (hazards ) Tj ET Q q 0 0 0 rg BT 250.63 677.25 Td (can ) Tj ET Q q 0 0 0 rg BT 266.23 677.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 290.16 677.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 325.75 677.25 Td (injury ) Tj ET Q q 0 0 0 rg BT 351.36 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 361.41 677.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 378.70 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.75 677.25 Td (life, ) Tj ET Q q 0 0 0 rg BT 406.29 677.25 Td (severe ) Tj ET Q q 0 0 0 rg BT 433.55 677.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 466.37 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.87 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 485.92 677.25 Td (destruction ) Tj ET Q q 0 0 0 rg BT 532.07 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 542.12 677.25 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.51 665.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 99.29 665.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 137.47 665.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.88 665.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 207.70 665.25 Td (damage, ) Tj ET Q q 0 0 0 rg BT 243.37 665.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 271.54 665.25 Td (by ) Tj ET Q q 0 0 0 rg BT 283.61 665.25 Td (third ) Tj ET Q q 0 0 0 rg BT 304.57 665.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 333.29 665.25 Td (or ) Tj ET Q q 0 0 0 rg BT 343.70 665.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 386.31 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.82 665.25 Td (suspension ) Tj ET Q q 0 0 0 rg BT 448.78 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.18 665.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 505.41 665.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 523.03 665.25 Td (of) Tj ET Q q 0 0 0 rg BT 531.18 665.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 558.24 665.25 Td (fleet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 44.56 653.25 Td (also ) Tj ET Q q 0 0 0 rg BT 62.57 653.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.78 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.46 653.25 Td (hazards ) Tj ET Q q 0 0 0 rg BT 134.89 653.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 169.54 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 179.22 653.25 Td (marine ) Tj ET Q q 0 0 0 rg BT 208.87 653.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 254.92 653.25 Td (either ) Tj ET Q q 0 0 0 rg BT 279.58 653.25 Td (while ) Tj ET Q q 0 0 0 rg BT 303.69 653.25 Td (on-site ) Tj ET Q q 0 0 0 rg BT 332.80 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 343.02 653.25 Td (during ) Tj ET Q q 0 0 0 rg BT 371.03 653.25 Td (mobilization, ) Tj ET Q q 0 0 0 rg BT 425.97 653.25 Td (such ) Tj ET Q q 0 0 0 rg BT 446.19 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 456.41 653.25 Td (capsizing, ) Tj ET Q q 0 0 0 rg BT 498.57 653.25 Td (sinking, ) Tj ET Q q 0 0 0 rg BT 532.41 653.25 Td (grounding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (collision, ) Tj ET Q q 0 0 0 rg BT 76.11 641.25 Td (piracy) Tj ET Q q 0 0 0 rg BT 100.45 641.25 Td (, ) Tj ET Q q 0 0 0 rg BT 106.12 641.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 140.38 641.25 Td (from ) Tj ET Q q 0 0 0 rg BT 162.99 641.25 Td (severe ) Tj ET Q q 0 0 0 rg BT 191.70 641.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 226.52 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.13 641.25 Td (marine ) Tj ET Q q 0 0 0 rg BT 275.06 641.25 Td (life ) Tj ET Q q 0 0 0 rg BT 291.56 641.25 Td (infestations. ) Tj ET Q q 0 0 0 rg BT 343.33 641.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 390.38 641.25 Td (may ) Tj ET Q q 0 0 0 rg BT 410.76 641.25 Td (also ) Tj ET Q q 0 0 0 rg BT 430.04 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 442.65 641.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 487.48 641.25 Td (because ) Tj ET Q q 0 0 0 rg BT 522.30 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.80 641.25 Td (machinery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (breakdowns, ) Tj ET Q q 0 0 0 rg BT 89.49 629.25 Td (abnormal ) Tj ET Q q 0 0 0 rg BT 129.91 629.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 162.02 629.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 208.85 629.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 237.61 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.61 629.25 Td (subcontractors ) Tj ET Q q 0 0 0 rg BT 309.59 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.03 629.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 354.90 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 365.90 629.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 395.23 629.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 421.79 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 432.78 629.25 Td (services ) Tj ET Q q 0 0 0 rg BT 467.66 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 478.65 629.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 520.19 629.25 Td (shortages. ) Tj ET Q q 0 0 0 rg BT 562.93 629.25 Td (W) Tj ET Q q 0 0 0 rg BT 571.57 629.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (customarily ) Tj ET Q q 0 0 0 rg BT 86.38 617.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 120.08 617.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 155.45 617.25 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 199.17 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.11 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 226.60 617.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 270.31 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 285.13 617.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 314.40 617.25 Td (that ) Tj ET Q q 0 0 0 rg BT 332.56 617.25 Td (could ) Tj ET Q q 0 0 0 rg BT 357.94 617.25 Td (be ) Tj ET Q q 0 0 0 rg BT 370.54 617.25 Td (asserted ) Tj ET Q q 0 0 0 rg BT 405.91 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 419.07 617.25 Td (us ) Tj ET Q q 0 0 0 rg BT 431.13 617.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 464.83 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.77 617.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 510.03 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.97 617.25 Td (or ) Tj ET Q q 0 0 0 rg BT 532.46 617.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 551.19 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 562.68 617.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 83.21 605.25 Td (including ) Tj ET Q q 0 0 0 rg BT 123.49 605.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 143.49 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.42 605.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 189.03 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 206.52 605.25 Td (could ) Tj ET Q q 0 0 0 rg BT 231.24 605.25 Td (be ) Tj ET Q q 0 0 0 rg BT 243.18 605.25 Td (asserted ) Tj ET Q q 0 0 0 rg BT 277.88 605.25 Td (by ) Tj ET Q q 0 0 0 rg BT 290.38 605.25 Td (us ) Tj ET Q q 0 0 0 rg BT 301.78 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 312.61 605.25 Td (our ) Tj ET Q q 0 0 0 rg BT 328.44 605.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 373.70 605.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 406.74 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.02 605.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 453.40 605.25 Td (injury ) Tj ET Q q 0 0 0 rg BT 479.78 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 490.61 605.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 508.68 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.51 605.25 Td (life.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (Damage ) Tj ET Q q 0 0 0 rg BT 107.29 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.05 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.24 581.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 183.76 581.25 Td (could ) Tj ET Q q 0 0 0 rg BT 207.96 581.25 Td (also ) Tj ET Q q 0 0 0 rg BT 226.04 581.25 Td (result ) Tj ET Q q 0 0 0 rg BT 250.24 581.25 Td (from ) Tj ET Q q 0 0 0 rg BT 271.65 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 286.96 581.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 333.09 581.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 381.16 581.25 Td (through ) Tj ET Q q 0 0 0 rg BT 414.25 581.25 Td (spillage ) Tj ET Q q 0 0 0 rg BT 447.33 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.63 581.25 Td (hydrocarbons, ) Tj ET Q q 0 0 0 rg BT 516.54 581.25 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 536.57 581.25 Td (lubricants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (or ) Tj ET Q q 0 0 0 rg BT 46.23 569.25 Td (other ) Tj ET Q q 0 0 0 rg BT 68.68 569.25 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 110.57 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.91 569.25 Td (substances ) Tj ET Q q 0 0 0 rg BT 171.58 569.25 Td (used ) Tj ET Q q 0 0 0 rg BT 191.81 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.50 569.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 232.84 569.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 278.90 569.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.13 569.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 328.80 569.25 Td (uncontrolled ) Tj ET Q q 0 0 0 rg BT 381.25 569.25 Td (fires. ) Tj ET Q q 0 0 0 rg BT 403.28 569.25 Td (W) Tj ET Q q 0 0 0 rg BT 411.92 569.25 Td (e ) Tj ET Q q 0 0 0 rg BT 418.26 569.25 Td (may ) Tj ET Q q 0 0 0 rg BT 437.38 569.25 Td (also ) Tj ET Q q 0 0 0 rg BT 455.39 569.25 Td (be ) Tj ET Q q 0 0 0 rg BT 466.73 569.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 496.96 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.64 569.25 Td (property ) Tj ET Q q 0 0 0 rg BT 542.42 569.25 Td (damage, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 97.21 557.25 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 141.21 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.10 557.25 Td (other ) Tj ET Q q 0 0 0 rg BT 183.09 557.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 212.64 557.25 Td (by ) Tj ET Q q 0 0 0 rg BT 226.09 557.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 240.10 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.98 557.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 274.76 557.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 323.48 557.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 342.48 557.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 384.24 557.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 418.79 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.68 557.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 469.57 557.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 509.11 557.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 542.00 557.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 568.22 557.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 78.48 545.25 Td (that ) Tj ET Q q 0 0 0 rg BT 95.40 545.25 Td (may ) Tj ET Q q 0 0 0 rg BT 114.54 545.25 Td (not ) Tj ET Q q 0 0 0 rg BT 129.24 545.25 Td (adequately ) Tj ET Q q 0 0 0 rg BT 174.48 545.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 198.61 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 213.87 545.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 242.18 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.55 545.25 Td (we ) Tj ET Q q 0 0 0 rg BT 272.13 545.25 Td (do ) Tj ET Q q 0 0 0 rg BT 284.06 545.25 Td (not ) Tj ET Q q 0 0 0 rg BT 298.76 545.25 Td (have ) Tj ET Q q 0 0 0 rg BT 319.56 545.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 359.80 545.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 397.81 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 408.07 545.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 432.77 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.48 545.25 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 484.95 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 498.54 545.25 Td (all ) Tj ET Q q 0 0 0 rg BT 510.46 545.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 533.78 545.25 Td (Consistent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 56.08 533.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 92.26 533.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 127.34 533.25 Td (practice, ) Tj ET Q q 0 0 0 rg BT 163.79 533.25 Td (our ) Tj ET Q q 0 0 0 rg BT 179.42 533.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 207.83 533.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 247.34 533.25 Td (assume, ) Tj ET Q q 0 0 0 rg BT 281.58 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.32 533.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 341.73 533.25 Td (us ) Tj ET Q q 0 0 0 rg BT 352.92 533.25 Td (against, ) Tj ET Q q 0 0 0 rg BT 386.05 533.25 Td (well ) Tj ET Q q 0 0 0 rg BT 405.57 533.25 Td (control ) Tj ET Q q 0 0 0 rg BT 436.20 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.94 533.25 Td (subsurface ) Tj ET Q q 0 0 0 rg BT 498.01 533.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 519.20 533.25 Td (under ) Tj ET Q q 0 0 0 rg BT 544.27 533.25 Td (day ) Tj ET Q q 0 0 0 rg BT 561.02 533.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 77.53 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.26 521.25 Td (These ) Tj ET Q q 0 0 0 rg BT 107.07 521.25 Td (are ) Tj ET Q q 0 0 0 rg BT 122.22 521.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 152.36 521.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 176.69 521.25 Td (including ) Tj ET Q q 0 0 0 rg BT 217.40 521.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 239.23 521.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 283.26 521.25 Td (with ) Tj ET Q q 0 0 0 rg BT 303.98 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.14 521.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 337.64 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.90 521.25 Td (control ) Tj ET Q q 0 0 0 rg BT 380.17 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.44 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.81 521.25 Td (well ) Tj ET Q q 0 0 0 rg BT 418.97 521.25 Td (\(such ) Tj ET Q q 0 0 0 rg BT 443.57 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 454.84 521.25 Td (blowout, ) Tj ET Q q 0 0 0 rg BT 493.05 521.25 Td (cratering, ) Tj ET Q q 0 0 0 rg BT 534.02 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.18 521.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 568.23 521.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (regain ) Tj ET Q q 0 0 0 rg BT 62.99 509.25 Td (control ) Tj ET Q q 0 0 0 rg BT 93.32 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.65 509.25 Td (or ) Tj ET Q q 0 0 0 rg BT 113.99 509.25 Td (re-drill ) Tj ET Q q 0 0 0 rg BT 143.76 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.98 509.25 Td (well ) Tj ET Q q 0 0 0 rg BT 177.20 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.64 509.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 243.40 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.74 509.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 296.84 509.25 Td (pollution\), ) Tj ET Q q 0 0 0 rg BT 340.79 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.23 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.56 509.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 415.11 509.25 Td (may ) Tj ET Q q 0 0 0 rg BT 434.33 509.25 Td (be ) Tj ET Q q 0 0 0 rg BT 445.78 509.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 474.44 509.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.77 509.25 Td (unwilling ) Tj ET Q q 0 0 0 rg BT 525.11 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.89 509.25 Td (indemnify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (us ) Tj ET Q q 0 0 0 rg BT 47.72 497.25 Td (against ) Tj ET Q q 0 0 0 rg BT 78.87 497.25 Td (such ) Tj ET Q q 0 0 0 rg BT 100.02 497.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 124.24 497.25 Td (In ) Tj ET Q q 0 0 0 rg BT 135.39 497.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 173.49 497.25 Td (a ) Tj ET Q q 0 0 0 rg BT 180.75 497.25 Td (court ) Tj ET Q q 0 0 0 rg BT 204.13 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 224.17 497.25 Td (decide ) Tj ET Q q 0 0 0 rg BT 253.08 497.25 Td (that ) Tj ET Q q 0 0 0 rg BT 270.90 497.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 300.93 497.25 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 350.42 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.02 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 377.17 497.25 Td (current ) Tj ET Q q 0 0 0 rg BT 408.31 497.25 Td (or ) Tj ET Q q 0 0 0 rg BT 419.47 497.25 Td (future ) Tj ET Q q 0 0 0 rg BT 446.17 497.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 485.09 497.25 Td (are ) Tj ET Q q 0 0 0 rg BT 500.12 497.25 Td (not ) Tj ET Q q 0 0 0 rg BT 515.72 497.25 Td (enforceable. ) Tj ET Q q 0 0 0 rg BT 567.68 497.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 74.19 485.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 113.22 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.58 485.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 191.26 485.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 213.07 485.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 253.19 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.32 485.25 Td (not ) Tj ET Q q 0 0 0 rg BT 284.01 485.25 Td (totally ) Tj ET Q q 0 0 0 rg BT 312.49 485.25 Td (insurable. ) Tj ET Q q 0 0 0 rg BT 354.56 485.25 Td (See ) Tj ET Q q 0 0 0 rg BT 371.92 485.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 397.60 485.25 Td (4. ) Tj ET Q q 0 0 0 rg BT 408.02 485.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 458.70 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 471.62 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.76 485.25 Td (Company-B.Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (Overview-Risk ) Tj ET Q q 0 0 0 rg BT 99.60 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.43 473.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 131.82 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 473.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 190.13 473.25 Td (Coverage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.25 Td (If ) Tj ET Q q 0 0 0 rg BT 80.29 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 86.36 449.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.20 449.25 Td (accident ) Tj ET Q q 0 0 0 rg BT 165.14 449.25 Td (or ) Tj ET Q q 0 0 0 rg BT 175.10 449.25 Td (other ) Tj ET Q q 0 0 0 rg BT 197.28 449.25 Td (event ) Tj ET Q q 0 0 0 rg BT 220.56 449.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 248.29 449.25 Td (that ) Tj ET Q q 0 0 0 rg BT 264.92 449.25 Td (is ) Tj ET Q q 0 0 0 rg BT 273.22 449.25 Td (not ) Tj ET Q q 0 0 0 rg BT 287.62 449.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 308.14 449.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 341.42 449.25 Td (by ) Tj ET Q q 0 0 0 rg BT 353.05 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 368.01 449.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 407.95 449.25 Td (or ) Tj ET Q q 0 0 0 rg BT 417.91 449.25 Td (an ) Tj ET Q q 0 0 0 rg BT 428.98 449.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 477.24 449.25 Td (or ) Tj ET Q q 0 0 0 rg BT 487.20 449.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 535.46 449.25 Td (indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 58.29 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 65.58 437.25 Td (customer) Tj ET Q q 0 0 0 rg BT 101.83 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 107.18 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.25 437.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 168.95 437.25 Td (could ) Tj ET Q q 0 0 0 rg BT 194.01 437.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 235.18 437.25 Td (af) Tj ET Q q 0 0 0 rg BT 242.77 437.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 260.60 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.78 437.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 314.61 437.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 352.18 437.25 Td (results ) Tj ET Q q 0 0 0 rg BT 381.14 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.32 437.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 436.83 437.25 Td (or ) Tj ET Q q 0 0 0 rg BT 448.00 437.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 495.12 437.25 Td (. ) Tj ET Q q 0 0 0 rg BT 500.27 437.25 Td (The ) Tj ET Q q 0 0 0 rg BT 518.66 437.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 551.51 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 562.69 437.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 76.20 425.25 Td (may ) Tj ET Q q 0 0 0 rg BT 95.29 425.25 Td (also ) Tj ET Q q 0 0 0 rg BT 113.28 425.25 Td (be ) Tj ET Q q 0 0 0 rg BT 124.60 425.25 Td (less ) Tj ET Q q 0 0 0 rg BT 141.48 425.25 Td (than ) Tj ET Q q 0 0 0 rg BT 160.58 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.67 425.25 Td (related ) Tj ET Q q 0 0 0 rg BT 203.75 425.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 232.85 425.25 Td (on ) Tj ET Q q 0 0 0 rg BT 244.73 425.25 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 286.03 425.25 Td (value ) Tj ET Q q 0 0 0 rg BT 309.56 425.25 Td (after ) Tj ET Q q 0 0 0 rg BT 329.76 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.08 425.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 356.02 425.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 373.45 425.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 413.65 425.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 451.61 425.25 Td (will ) Tj ET Q q 0 0 0 rg BT 469.05 425.25 Td (not ) Tj ET Q q 0 0 0 rg BT 483.71 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.36 425.25 Td (all ) Tj ET Q q 0 0 0 rg BT 505.24 425.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 545.45 425.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (suf) Tj ET Q q 0 0 0 rg BT 48.04 413.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 76.36 413.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 101.37 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.93 413.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 142.47 413.25 Td (us ) Tj ET Q q 0 0 0 rg BT 154.14 413.25 Td (from ) Tj ET Q q 0 0 0 rg BT 176.36 413.25 Td (all ) Tj ET Q q 0 0 0 rg BT 189.14 413.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 229.13 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 246.91 413.25 Td (could ) Tj ET Q q 0 0 0 rg BT 271.91 413.25 Td (result ) Tj ET Q q 0 0 0 rg BT 296.91 413.25 Td (from ) Tj ET Q q 0 0 0 rg BT 319.13 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.24 413.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 367.46 413.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 414.40 413.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 432.73 413.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 471.59 413.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 507.70 413.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 537.14 413.25 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 63.05 401.25 Td (limits. ) Tj ET Q q 0 0 0 rg BT 89.94 401.25 Td (As ) Tj ET Q q 0 0 0 rg BT 103.12 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 109.61 401.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 136.39 401.25 Td (we ) Tj ET Q q 0 0 0 rg BT 150.11 401.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 174.93 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.21 401.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 206.27 401.25 Td (for ) Tj ET Q q 0 0 0 rg BT 219.99 401.25 Td (any ) Tj ET Q q 0 0 0 rg BT 236.49 401.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 262.44 401.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.28 401.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 300.43 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.82 401.25 Td (these ) Tj ET Q q 0 0 0 rg BT 333.43 401.25 Td (limits. ) Tj ET Q q 0 0 0 rg BT 360.32 401.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 379.60 401.25 Td (such ) Tj ET Q q 0 0 0 rg BT 399.99 401.25 Td (lack ) Tj ET Q q 0 0 0 rg BT 418.70 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.09 401.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 491.13 401.25 Td (may ) Tj ET Q q 0 0 0 rg BT 510.41 401.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 534.68 401.25 Td (us ) Tj ET Q q 0 0 0 rg BT 545.63 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 555.47 401.25 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 80.92 389.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 105.56 389.25 Td (In ) Tj ET Q q 0 0 0 rg BT 116.03 389.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 153.45 389.25 Td (we ) Tj ET Q q 0 0 0 rg BT 167.25 389.25 Td (could ) Tj ET Q q 0 0 0 rg BT 191.62 389.25 Td (decide ) Tj ET Q q 0 0 0 rg BT 219.85 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.77 389.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 254.68 389.25 Td (more ) Tj ET Q q 0 0 0 rg BT 277.37 389.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 294.52 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.44 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.80 389.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 347.32 389.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 384.46 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 394.38 389.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 422.07 389.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 439.21 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.69 389.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 478.22 389.25 Td (which ) Tj ET Q q 0 0 0 rg BT 504.80 389.25 Td (could ) Tj ET Q q 0 0 0 rg BT 529.16 389.25 Td (be ) Tj ET Q q 0 0 0 rg BT 540.75 389.25 Td (material, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (that ) Tj ET Q q 0 0 0 rg BT 53.93 377.25 Td (are ) Tj ET Q q 0 0 0 rg BT 69.08 377.25 Td (not ) Tj ET Q q 0 0 0 rg BT 84.80 377.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 119.38 377.25 Td (by ) Tj ET Q q 0 0 0 rg BT 132.32 377.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 178.03 377.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 219.28 377.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 260.81 377.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 299.84 377.25 Td (, ) Tj ET Q q 0 0 0 rg BT 305.28 377.25 Td (we ) Tj ET Q q 0 0 0 rg BT 319.88 377.25 Td (may ) Tj ET Q q 0 0 0 rg BT 340.04 377.25 Td (not ) Tj ET Q q 0 0 0 rg BT 355.76 377.25 Td (be ) Tj ET Q q 0 0 0 rg BT 368.13 377.25 Td (able ) Tj ET Q q 0 0 0 rg BT 387.73 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.45 377.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 436.38 377.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 474.85 377.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 516.10 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.82 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.98 377.25 Td (future ) Tj ET Q q 0 0 0 rg BT 568.79 377.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 57.38 365.25 Td (that ) Tj ET Q q 0 0 0 rg BT 74.87 365.25 Td (we ) Tj ET Q q 0 0 0 rg BT 89.03 365.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 125.41 365.25 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 173.16 365.25 Td (or ) Tj ET Q q 0 0 0 rg BT 183.99 365.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 211.49 365.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 252.30 365.25 Td (against ) Tj ET Q q 0 0 0 rg BT 283.13 365.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 312.83 365.25 Td (risks.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.09 341.25 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 137.96 341.25 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 174.84 341.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 188.39 341.25 Td (spill ) Tj ET Q q 0 0 0 rg BT 208.60 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.92 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.69 341.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 256.46 341.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 278.34 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.65 341.25 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 323.18 341.25 Td (may ) Tj ET Q q 0 0 0 rg BT 343.39 341.25 Td (result ) Tj ET Q q 0 0 0 rg BT 369.71 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.04 341.25 Td (more ) Tj ET Q q 0 0 0 rg BT 405.13 341.25 Td (stringent ) Tj ET Q q 0 0 0 rg BT 444.80 341.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 466.12 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.67 341.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 534.34 341.25 Td (governing ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 329.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 72.76 329.25 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 108.33 329.25 Td (which ) Tj ET Q q 0 0 0 rg BT 135.84 329.25 Td (could ) Tj ET Q q 0 0 0 rg BT 161.12 329.25 Td (have ) Tj ET Q q 0 0 0 rg BT 183.06 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 190.56 329.25 Td (material ) Tj ET Q q 0 0 0 rg BT 227.50 329.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 261.10 329.25 Td (ef) Tj ET Q q 0 0 0 rg BT 268.69 329.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 286.17 329.25 Td (on ) Tj ET Q q 0 0 0 rg BT 299.23 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 316.19 329.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 356.20 329.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 398.15 329.25 Td (results ) Tj ET Q q 0 0 0 rg BT 427.88 329.25 Td (or ) Tj ET Q q 0 0 0 rg BT 439.27 329.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.00 329.25 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (On ) Tj ET Q q 0 0 0 rg BT 86.35 305.25 Td (April20, ) Tj ET Q q 0 0 0 rg BT 125.19 305.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 150.42 305.25 Td (there ) Tj ET Q q 0 0 0 rg BT 173.14 305.25 Td (was ) Tj ET Q q 0 0 0 rg BT 191.42 305.25 Td (an ) Tj ET Q q 0 0 0 rg BT 203.59 305.25 Td (explosion ) Tj ET Q q 0 0 0 rg BT 245.21 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.38 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.55 305.25 Td (related ) Tj ET Q q 0 0 0 rg BT 299.49 305.25 Td (fire ) Tj ET Q q 0 0 0 rg BT 316.10 305.25 Td (on ) Tj ET Q q 0 0 0 rg BT 328.83 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.78 305.25 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 389.81 305.25 Td (Horizon, ) Tj ET Q q 0 0 0 rg BT 427.82 305.25 Td (an ) Tj ET Q q 0 0 0 rg BT 439.99 305.25 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 505.46 305.25 Td (semi-submersible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.12 293.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 81.91 293.25 Td (that ) Tj ET Q q 0 0 0 rg BT 99.59 293.25 Td (is ) Tj ET Q q 0 0 0 rg BT 108.94 293.25 Td (not ) Tj ET Q q 0 0 0 rg BT 124.39 293.25 Td (connected ) Tj ET Q q 0 0 0 rg BT 167.61 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.06 293.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 192.13 293.25 Td (while ) Tj ET Q q 0 0 0 rg BT 217.03 293.25 Td (it ) Tj ET Q q 0 0 0 rg BT 225.27 293.25 Td (was ) Tj ET Q q 0 0 0 rg BT 243.50 293.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 282.83 293.25 Td (a ) Tj ET Q q 0 0 0 rg BT 289.95 293.25 Td (well ) Tj ET Q q 0 0 0 rg BT 309.85 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.31 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.20 293.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 355.67 293.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 376.68 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.69 293.25 Td (Mexico. ) Tj ET Q q 0 0 0 rg BT 423.22 293.25 Td (This ) Tj ET Q q 0 0 0 rg BT 443.68 293.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 494.67 293.25 Td (event ) Tj ET Q q 0 0 0 rg BT 519.00 293.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 553.34 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 563.79 293.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (death ) Tj ET Q q 0 0 0 rg BT 60.69 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 72.04 281.25 Td (1) Tj ET Q q 0 0 0 rg BT 76.67 281.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 84.70 281.25 Td (workers ) Tj ET Q q 0 0 0 rg BT 119.95 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.41 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.66 281.25 Td (total ) Tj ET Q q 0 0 0 rg BT 173.46 281.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 192.05 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.41 281.25 Td (that ) Tj ET Q q 0 0 0 rg BT 221.44 281.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 253.91 281.25 Td (rig, ) Tj ET Q q 0 0 0 rg BT 270.55 281.25 Td (as ) Tj ET Q q 0 0 0 rg BT 281.91 281.25 Td (well ) Tj ET Q q 0 0 0 rg BT 302.16 281.25 Td (as ) Tj ET Q q 0 0 0 rg BT 313.52 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.76 281.25 Td (release ) Tj ET Q q 0 0 0 rg BT 359.55 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.91 281.25 Td (lar) Tj ET Q q 0 0 0 rg BT 381.27 281.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 393.74 281.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 430.66 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.02 281.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 455.60 281.25 Td (into ) Tj ET Q q 0 0 0 rg BT 474.19 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.44 281.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 510.25 281.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 531.61 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 542.97 281.25 Td (Mexico, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 78.17 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.57 269.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 145.29 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.90 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.30 269.25 Td (region) Tj ET Q q 0 0 0 rg BT 204.63 269.25 Td (s ) Tj ET Q q 0 0 0 rg BT 210.70 269.25 Td (key ) Tj ET Q q 0 0 0 rg BT 227.31 269.25 Td (industries. ) Tj ET Q q 0 0 0 rg BT 270.72 269.25 Td (This ) Tj ET Q q 0 0 0 rg BT 290.68 269.25 Td (event ) Tj ET Q q 0 0 0 rg BT 314.51 269.25 Td (was ) Tj ET Q q 0 0 0 rg BT 332.25 269.25 Td (investigated ) Tj ET Q q 0 0 0 rg BT 382.74 269.25 Td (by ) Tj ET Q q 0 0 0 rg BT 394.92 269.25 Td (several ) Tj ET Q q 0 0 0 rg BT 425.42 269.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 455.35 269.25 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 494.45 269.25 Td (including ) Tj ET Q q 0 0 0 rg BT 534.41 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.80 269.25 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (States ) Tj ET Q q 0 0 0 rg BT 62.91 257.25 Td (Department ) Tj ET Q q 0 0 0 rg BT 113.13 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.48 257.25 Td (Justice ) Tj ET Q q 0 0 0 rg BT 154.71 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.17 257.25 Td (by ) Tj ET Q q 0 0 0 rg BT 185.19 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.42 257.25 Td (United ) Tj ET Q q 0 0 0 rg BT 230.66 257.25 Td (States ) Tj ET Q q 0 0 0 rg BT 257.57 257.25 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 300.31 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.76 257.25 Td (was ) Tj ET Q q 0 0 0 rg BT 336.33 257.25 Td (also ) Tj ET Q q 0 0 0 rg BT 355.46 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.70 257.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 402.04 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.39 257.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 455.85 257.25 Td (lawsuits. ) Tj ET Q q 0 0 0 rg BT 494.15 257.25 Td (On ) Tj ET Q q 0 0 0 rg BT 509.39 257.25 Td (January3, ) Tj ET Q q 0 0 0 rg BT 553.50 257.25 Td (2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 245.25 Td (ransocean ) Tj ET Q q 0 0 0 rg BT 83.87 245.25 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 129.32 245.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 146.72 245.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 175.51 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.42 245.25 Td (plead ) Tj ET Q q 0 0 0 rg BT 209.22 245.25 Td (guilty ) Tj ET Q q 0 0 0 rg BT 234.69 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 244.61 245.25 Td (violating ) Tj ET Q q 0 0 0 rg BT 282.30 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.65 245.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 316.58 245.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 341.89 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 350.52 245.25 Td (ater ) Tj ET Q q 0 0 0 rg BT 367.17 245.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 383.75 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.33 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.25 245.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 426.82 245.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 446.46 245.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 474.71 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.63 245.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 504.54 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.12 245.25 Td (criminal ) Tj ET Q q 0 0 0 rg BT 556.58 245.25 Td (fines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.49 233.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 90.08 233.25 Td (for ) Tj ET Q q 0 0 0 rg BT 103.80 233.25 Td (its ) Tj ET Q q 0 0 0 rg BT 115.30 233.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 149.01 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.84 233.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 191.43 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.26 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.53 233.25 Td (incident. ) Tj ET Q q 0 0 0 rg BT 252.29 233.25 Td (On ) Tj ET Q q 0 0 0 rg BT 266.57 233.25 Td (May30, ) Tj ET Q q 0 0 0 rg BT 301.95 233.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 326.50 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.77 233.25 Td (United ) Tj ET Q q 0 0 0 rg BT 370.04 233.25 Td (States ) Tj ET Q q 0 0 0 rg BT 395.98 233.25 Td (Department ) Tj ET Q q 0 0 0 rg BT 445.23 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.62 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.89 233.25 Td (Interior ) Tj ET Q q 0 0 0 rg BT 501.92 233.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 528.98 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 535.47 233.25 Td (six-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (moratorium ) Tj ET Q q 0 0 0 rg BT 84.62 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 96.03 221.25 Td (all ) Tj ET Q q 0 0 0 rg BT 107.43 221.25 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 149.93 221.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 180.78 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.96 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.59 221.25 Td (outer ) Tj ET Q q 0 0 0 rg BT 225.55 221.25 Td (continental ) Tj ET Q q 0 0 0 rg BT 271.38 221.25 Td (shelf ) Tj ET Q q 0 0 0 rg BT 292.23 221.25 Td (regions ) Tj ET Q q 0 0 0 rg BT 323.08 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.82 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.44 221.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 365.63 221.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 385.37 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.11 221.25 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 427.07 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.91 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.54 221.25 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 485.71 221.25 Td (Ocean. ) Tj ET Q q 0 0 0 rg BT 515.16 221.25 Td (On ) Tj ET Q q 0 0 0 rg BT 528.79 221.25 Td (October12, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 60.61 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.94 209.25 Td (United ) Tj ET Q q 0 0 0 rg BT 104.27 209.25 Td (States ) Tj ET Q q 0 0 0 rg BT 130.26 209.25 Td (government ) Tj ET Q q 0 0 0 rg BT 180.14 209.25 Td (lifted ) Tj ET Q q 0 0 0 rg BT 203.35 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.68 209.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 249.23 209.25 Td (moratorium, ) Tj ET Q q 0 0 0 rg BT 301.06 209.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 331.49 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.38 209.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 389.58 209.25 Td (with ) Tj ET Q q 0 0 0 rg BT 409.47 209.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 449.34 209.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 475.32 209.25 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 531.67 209.25 Td (All ) Tj ET Q q 0 0 0 rg BT 546.56 209.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 47.42 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.27 197.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 84.70 197.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 106.67 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.63 197.25 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 152.82 197.25 Td (must ) Tj ET Q q 0 0 0 rg BT 175.91 197.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 209.54 197.25 Td (with ) Tj ET Q q 0 0 0 rg BT 230.96 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.82 197.25 Td (Final ) Tj ET Q q 0 0 0 rg BT 271.01 197.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 293.54 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.51 197.25 Td (Increased ) Tj ET Q q 0 0 0 rg BT 347.45 197.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 376.64 197.25 Td (Measures ) Tj ET Q q 0 0 0 rg BT 418.60 197.25 Td (for ) Tj ET Q q 0 0 0 rg BT 433.90 197.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 452.59 197.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 466.23 197.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 523.74 197.25 Td (on ) Tj ET Q q 0 0 0 rg BT 537.38 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 553.24 197.25 Td (Outer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (Continental ) Tj ET Q q 0 0 0 rg BT 84.27 185.25 Td (Shelf ) Tj ET Q q 0 0 0 rg BT 106.99 185.25 Td (\(Drilling ) Tj ET Q q 0 0 0 rg BT 143.60 185.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 170.76 185.25 Td (Rule\), ) Tj ET Q q 0 0 0 rg BT 197.09 185.25 Td (which ) Tj ET Q q 0 0 0 rg BT 223.14 185.25 Td (took ) Tj ET Q q 0 0 0 rg BT 242.53 185.25 Td (ef) Tj ET Q q 0 0 0 rg BT 250.12 185.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 266.72 185.25 Td (October22, ) Tj ET Q q 0 0 0 rg BT 315.54 185.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 339.65 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.70 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.42 185.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.05 185.25 Td (orkplace ) Tj ET Q q 0 0 0 rg BT 414.09 185.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 441.25 185.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 461.75 185.25 Td (on ) Tj ET Q q 0 0 0 rg BT 473.36 185.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 500.52 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.57 185.25 Td (Environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 92.17 173.25 Td (Systems ) Tj ET Q q 0 0 0 rg BT 129.48 173.25 Td (\(SEMS\), ) Tj ET Q q 0 0 0 rg BT 168.73 173.25 Td (which ) Tj ET Q q 0 0 0 rg BT 197.13 173.25 Td (was ) Tj ET Q q 0 0 0 rg BT 216.65 173.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 245.62 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 259.59 173.25 Td (October15, ) Tj ET Q q 0 0 0 rg BT 310.76 173.25 Td (2010 ) Tj ET Q q 0 0 0 rg BT 334.73 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.13 173.25 Td (required ) Tj ET Q q 0 0 0 rg BT 390.42 173.25 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 420.51 173.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 462.24 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.99 173.25 Td (be ) Tj ET Q q 0 0 0 rg BT 487.39 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.14 173.25 Td (place ) Tj ET Q q 0 0 0 rg BT 524.20 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 538.17 173.25 Td (or ) Tj ET Q q 0 0 0 rg BT 550.47 173.25 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (November15, ) Tj ET Q q 0 0 0 rg BT 96.38 161.25 Td (201) Tj ET Q q 0 0 0 rg BT 111.01 161.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 121.45 161.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.17 161.25 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 169.46 161.25 Td (II ) Tj ET Q q 0 0 0 rg BT 179.29 161.25 Td (rule ) Tj ET Q q 0 0 0 rg BT 198.01 161.25 Td (enhances ) Tj ET Q q 0 0 0 rg BT 237.83 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.99 161.25 Td (W) Tj ET Q q 0 0 0 rg BT 261.63 161.25 Td (orkplace ) Tj ET Q q 0 0 0 rg BT 299.22 161.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 327.94 161.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 350.00 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.61 161.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 420.77 161.25 Td (operators) Tj ET Q q 0 0 0 rg BT 460.57 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.74 161.25 Td (SEMS ) Tj ET Q q 0 0 0 rg BT 493.03 161.25 Td (programs; ) Tj ET Q q 0 0 0 rg BT 536.75 161.25 Td (it ) Tj ET Q q 0 0 0 rg BT 545.48 161.25 Td (became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 149.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 73.29 149.25 Td (on ) Tj ET Q q 0 0 0 rg BT 85.79 149.25 Td (June14, ) Tj ET Q q 0 0 0 rg BT 121.62 149.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 144.12 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.06 149.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 195.77 149.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 244.35 149.25 Td (by ) Tj ET Q q 0 0 0 rg BT 256.85 149.25 Td (June4, ) Tj ET Q q 0 0 0 rg BT 287.68 149.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.25 Td (While ) Tj ET Q q 0 0 0 rg BT 98.12 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 111.48 125.25 Td (do ) Tj ET Q q 0 0 0 rg BT 123.17 125.25 Td (not ) Tj ET Q q 0 0 0 rg BT 137.64 125.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 175.42 125.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 206.54 125.25 Td (any ) Tj ET Q q 0 0 0 rg BT 222.66 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.69 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 247.71 125.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 278.84 125.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 295.53 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 305.00 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.91 125.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 338.38 125.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 358.40 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.42 125.25 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 403.16 125.25 Td (these ) Tj ET Q q 0 0 0 rg BT 425.40 125.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 482.63 125.25 Td (could ) Tj ET Q q 0 0 0 rg BT 506.54 125.25 Td (have ) Tj ET Q q 0 0 0 rg BT 527.11 125.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.24 125.25 Td (substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 65.80 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 78.38 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.18 113.25 Td (of) Tj ET Q q 0 0 0 rg BT 101.33 113.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 128.91 113.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 142.05 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.07 113.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 174.98 113.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 210.35 113.25 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 258.20 113.25 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 317.99 113.25 Td (investigations ) Tj ET Q q 0 0 0 rg BT 376.12 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.15 113.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 444.05 113.25 Td (may ) Tj ET Q q 0 0 0 rg BT 463.85 113.25 Td (result ) Tj ET Q q 0 0 0 rg BT 488.65 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.01 113.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 543.81 113.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (to ) Tj ET Q q 0 0 0 rg BT 45.91 101.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 79.71 101.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 100.17 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.74 101.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 163.30 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.87 101.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 232.56 101.25 Td (stricter ) Tj ET Q q 0 0 0 rg BT 262.45 101.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 319.56 101.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 362.24 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.70 101.25 Td (our ) Tj ET Q q 0 0 0 rg BT 388.16 101.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 419.73 101.25 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 439.36 101.25 Td (For ) Tj ET Q q 0 0 0 rg BT 455.39 101.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 493.89 101.25 Td (Norway) Tj ET Q q 0 0 0 rg BT 528.88 101.25 Td (s ) Tj ET Q q 0 0 0 rg BT 534.90 101.25 Td (Petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 63.55 89.25 Td (Authority ) Tj ET Q q 0 0 0 rg BT 105.01 89.25 Td (is ) Tj ET Q q 0 0 0 rg BT 114.25 89.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 154.05 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.84 89.25 Td (results ) Tj ET Q q 0 0 0 rg BT 197.52 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.42 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.21 89.25 Td (investigations ) Tj ET Q q 0 0 0 rg BT 281.33 89.25 Td (into ) Tj ET Q q 0 0 0 rg BT 299.46 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.25 89.25 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 360.13 89.25 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 395.47 89.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 408.60 89.25 Td (spill ) Tj ET Q q 0 0 0 rg BT 428.40 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.41 89.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 472.98 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 479.99 89.25 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 529.21 89.25 Td (report ) Tj ET Q q 0 0 0 rg BT 555.66 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 566.56 89.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 109.32 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.32 77.25 Td (June ) Tj ET Q q 0 0 0 rg BT 139.88 77.25 Td (201) Tj ET Q q 0 0 0 rg BT 154.51 77.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 164.24 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.90 77.25 Td (Oil& ) Tj ET Q q 0 0 0 rg BT 206.19 77.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 223.97 77.25 Td (United ) Tj ET Q q 0 0 0 rg BT 253.41 77.25 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 293.42 77.25 Td (has ) Tj ET Q q 0 0 0 rg BT 308.98 77.25 Td (established ) Tj ET Q q 0 0 0 rg BT 355.64 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.08 77.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 385.09 77.25 Td (Spill ) Tj ET Q q 0 0 0 rg BT 406.22 77.25 Td (Prevention ) Tj ET Q q 0 0 0 rg BT 451.77 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.44 77.25 Td (Response ) Tj ET Q q 0 0 0 rg BT 508.50 77.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 547.95 77.25 Td (Group, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td (which ) Tj ET Q q 0 0 0 rg BT 62.39 65.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 89.35 65.25 Td (its ) Tj ET Q q 0 0 0 rg BT 100.75 65.25 Td (final ) Tj ET Q q 0 0 0 rg BT 121.03 65.25 Td (report ) Tj ET Q q 0 0 0 rg BT 146.86 65.25 Td (on ) Tj ET Q q 0 0 0 rg BT 158.82 65.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 193.55 65.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 231.04 65.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.77 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.94 65.25 Td (United ) Tj ET Q q 0 0 0 rg BT 284.11 65.25 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 323.84 65.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.58 65.25 Td (September ) Tj ET Q q 0 0 0 rg BT 378.30 65.25 Td (201) Tj ET Q q 0 0 0 rg BT 392.92 65.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 402.38 65.25 Td (In ) Tj ET Q q 0 0 0 rg BT 412.66 65.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 449.89 65.25 Td (BP) Tj ET Q q 0 0 0 rg BT 461.75 65.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.71 65.25 Td (plc, ) Tj ET Q q 0 0 0 rg BT 480.38 65.25 Td (a ) Tj ET Q q 0 0 0 rg BT 486.77 65.25 Td (company ) Tj ET Q q 0 0 0 rg BT 525.38 65.25 Td (not ) Tj ET Q q 0 0 0 rg BT 540.11 65.25 Td (af) Tj ET Q q 0 0 0 rg BT 547.70 65.25 Td (filiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.25 Td (with ) Tj ET Q q 0 0 0 rg BT 55.85 53.25 Td (us ) Tj ET Q q 0 0 0 rg BT 66.80 53.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.31 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.59 53.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 110.77 53.25 Td (operator ) Tj ET Q q 0 0 0 rg BT 146.15 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.55 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.83 53.25 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 216.20 53.25 Td (Horizon, ) Tj ET Q q 0 0 0 rg BT 253.54 53.25 Td (has ) Tj ET Q q 0 0 0 rg BT 268.94 53.25 Td (reached ) Tj ET Q q 0 0 0 rg BT 302.09 53.25 Td (an ) Tj ET Q q 0 0 0 rg BT 313.59 53.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 357.30 53.25 Td (with ) Tj ET Q q 0 0 0 rg BT 377.15 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.43 53.25 Td (United ) Tj ET Q q 0 0 0 rg BT 420.71 53.25 Td (States ) Tj ET Q q 0 0 0 rg BT 446.67 53.25 Td (government ) Tj ET Q q 0 0 0 rg BT 496.50 53.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.34 53.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 543.40 53.25 Td (a ) Tj ET Q q 0 0 0 rg BT 549.91 53.25 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 56.33 41.25 Td (of ) Tj ET Q q 0 0 0 rg BT 66.66 41.25 Td ($20 ) Tj ET Q q 0 0 0 rg BT 83.66 41.25 Td (billion, ) Tj ET Q q 0 0 0 rg BT 114.27 41.25 Td (which ) Tj ET Q q 0 0 0 rg BT 140.70 41.25 Td (far ) Tj ET Q q 0 0 0 rg BT 153.80 41.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 187.45 41.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.66 41.25 Td ($75 ) Tj ET Q q 0 0 0 rg BT 218.66 41.25 Td (million ) Tj ET Q q 0 0 0 rg BT 249.55 41.25 Td (strict ) Tj ET Q q 0 0 0 rg BT 271.54 41.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 304.65 41.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 325.54 41.25 Td (set ) Tj ET Q q 0 0 0 rg BT 338.65 41.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 360.08 41.25 Td (under ) Tj ET Q q 0 0 0 rg BT 384.85 41.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.07 41.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 418.85 41.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 433.63 41.25 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 471.86 41.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 488.29 41.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.62 41.25 Td (1990. ) Tj ET Q q 0 0 0 rg BT 522.68 41.25 Td (Amendments ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 24.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 24.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.16 749.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 80.20 749.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 100.90 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.72 749.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 164.53 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.24 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.83 749.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 227.20 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.91 749.10 Td (new ) Tj ET Q q 0 0 0 rg BT 256.95 749.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 277.65 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.47 749.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 341.28 749.10 Td (curtailing ) Tj ET Q q 0 0 0 rg BT 381.98 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.68 749.10 Td (further ) Tj ET Q q 0 0 0 rg BT 422.27 749.10 Td (regulating ) Tj ET Q q 0 0 0 rg BT 465.19 749.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 513.66 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.37 749.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.24 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.47 737.10 Td (production ) Tj ET Q q 0 0 0 rg BT 128.59 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.71 737.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 151.07 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.30 737.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 184.92 737.10 Td (may ) Tj ET Q q 0 0 0 rg BT 203.93 737.10 Td (be ) Tj ET Q q 0 0 0 rg BT 215.17 737.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 242.52 737.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 284.29 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.53 737.10 Td (require ) Tj ET Q q 0 0 0 rg BT 330.64 737.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 356.32 737.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 404.20 737.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 443.20 737.10 Td (that ) Tj ET Q q 0 0 0 rg BT 459.99 737.10 Td (could ) Tj ET Q q 0 0 0 rg BT 484.00 737.10 Td (have ) Tj ET Q q 0 0 0 rg BT 504.67 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 510.91 737.10 Td (material ) Tj ET Q q 0 0 0 rg BT 545.46 737.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 725.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 60.85 725.10 Td (on ) Tj ET Q q 0 0 0 rg BT 73.13 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.74 725.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 127.42 725.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 167.46 725.10 Td (results ) Tj ET Q q 0 0 0 rg BT 195.85 725.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.46 725.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.72 725.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 286.27 725.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 314.66 725.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 350.82 725.10 Td (may ) Tj ET Q q 0 0 0 rg BT 370.32 725.10 Td (be ) Tj ET Q q 0 0 0 rg BT 382.04 725.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 425.97 725.10 Td (af) Tj ET Q q 0 0 0 rg BT 433.55 725.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 460.26 725.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.54 725.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 520.91 725.10 Td (with ) Tj ET Q q 0 0 0 rg BT 540.97 725.10 Td (any ) Tj ET Q q 0 0 0 rg BT 557.68 725.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 74.59 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.42 713.10 Td (new ) Tj ET Q q 0 0 0 rg BT 104.58 713.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 148.74 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.57 713.10 Td (regulations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (Climate ) Tj ET Q q 0 0 0 rg BT 106.72 689.10 Td (change ) Tj ET Q q 0 0 0 rg BT 139.22 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.28 689.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 207.57 689.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.96 689.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 272.58 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 292.29 689.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 333.11 689.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 363.38 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.33 689.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 426.17 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.24 689.10 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 89.92 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.97 665.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 131.88 665.10 Td (over ) Tj ET Q q 0 0 0 rg BT 150.91 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.39 665.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 180.65 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.25 665.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 220.94 665.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 253.02 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.72 665.10 Td (number ) Tj ET Q q 0 0 0 rg BT 290.53 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.12 665.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 338.04 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.74 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.22 665.10 Td (United ) Tj ET Q q 0 0 0 rg BT 395.71 665.10 Td (Nations) Tj ET Q q 0 0 0 rg BT 429.40 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.67 665.10 Td (International ) Tj ET Q q 0 0 0 rg BT 483.02 665.10 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 521.49 665.10 Td (Or) Tj ET Q q 0 0 0 rg BT 531.86 665.10 Td (ganization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 47.38 653.10 Td (IMO, ) Tj ET Q q 0 0 0 rg BT 72.38 653.10 Td (have ) Tj ET Q q 0 0 0 rg BT 94.31 653.10 Td (adopted, ) Tj ET Q q 0 0 0 rg BT 131.52 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 142.91 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.17 653.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 207.88 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.15 653.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 261.20 653.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 275.08 653.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 319.23 653.10 Td (frameworks ) Tj ET Q q 0 0 0 rg BT 370.04 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.88 653.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 410.58 653.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 459.17 653.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 475.55 653.10 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 520.55 653.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 558.23 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 563.78 653.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 77.73 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.34 641.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 136.16 641.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 160.11 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 181.83 641.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 204.67 641.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 241.95 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.01 641.10 Td (international ) Tj ET Q q 0 0 0 rg BT 304.83 641.10 Td (transport ) Tj ET Q q 0 0 0 rg BT 342.66 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 357.15 641.10 Td (not ) Tj ET Q q 0 0 0 rg BT 372.21 641.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 402.82 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.88 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.38 641.10 Td (Kyoto ) Tj ET Q q 0 0 0 rg BT 454.66 641.10 Td (Protocol ) Tj ET Q q 0 0 0 rg BT 490.83 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.89 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.39 641.10 Td (United ) Tj ET Q q 0 0 0 rg BT 544.89 641.10 Td (Nations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 83.73 629.10 Td (Convention ) Tj ET Q q 0 0 0 rg BT 132.03 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 143.66 629.10 Td (Climate ) Tj ET Q q 0 0 0 rg BT 176.95 629.10 Td (Change, ) Tj ET Q q 0 0 0 rg BT 211.63 629.10 Td (which ) Tj ET Q q 0 0 0 rg BT 237.69 629.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 268.75 629.10 Td (into ) Tj ET Q q 0 0 0 rg BT 285.94 629.10 Td (force ) Tj ET Q q 0 0 0 rg BT 308.10 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.51 629.10 Td (2005 ) Tj ET Q q 0 0 0 rg BT 339.14 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.21 629.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 391.28 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.69 629.10 Td (which ) Tj ET Q q 0 0 0 rg BT 426.76 629.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 463.39 629.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 501.67 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 522.18 629.10 Td (been ) Tj ET Q q 0 0 0 rg BT 542.69 629.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.91 617.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 90.82 617.10 Td (national ) Tj ET Q q 0 0 0 rg BT 125.16 617.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 165.07 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.98 617.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 203.76 617.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 251.44 617.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 266.90 617.10 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 310.51 617.10 Td (As ) Tj ET Q q 0 0 0 rg BT 323.76 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.23 617.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 377.46 617.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 402.10 617.10 Td (all ) Tj ET Q q 0 0 0 rg BT 414.23 617.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 436.92 617.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 480.16 617.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 497.30 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.87 617.10 Td (drillships\) ) Tj ET Q q 0 0 0 rg BT 556.56 617.10 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 68.67 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 89.12 605.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 134.56 605.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 189.44 605.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 223.77 605.10 Td (by ) Tj ET Q q 0 0 0 rg BT 236.44 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.33 605.10 Td (IMO) Tj ET Q q 0 0 0 rg BT 273.56 605.10 Td (s ) Tj ET Q q 0 0 0 rg BT 280.12 605.10 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 320.01 605.10 Td (Environment ) Tj ET Q q 0 0 0 rg BT 374.90 605.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 418.67 605.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 468.29 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.29 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.18 605.10 Td (MEPC, ) Tj ET Q q 0 0 0 rg BT 526.59 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.04 605.10 Td (July ) Tj ET Q q 0 0 0 rg BT 556.39 605.10 Td (201) Tj ET Q q 0 0 0 rg BT 571.02 605.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 68.80 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.83 593.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 126.63 593.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 142.21 593.10 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 186.25 593.10 Td (These ) Tj ET Q q 0 0 0 rg BT 212.38 593.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 266.84 593.10 Td (could ) Tj ET Q q 0 0 0 rg BT 291.32 593.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 315.78 593.10 Td (us ) Tj ET Q q 0 0 0 rg BT 326.93 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.96 593.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 359.76 593.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 402.01 593.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 450.35 593.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 475.11 593.10 Td (In ) Tj ET Q q 0 0 0 rg BT 485.70 593.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 523.22 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.70 593.10 Td (European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 62.81 581.10 Td (has ) Tj ET Q q 0 0 0 rg BT 77.95 581.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 116.41 581.10 Td (that ) Tj ET Q q 0 0 0 rg BT 133.22 581.10 Td (it ) Tj ET Q q 0 0 0 rg BT 140.58 581.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 171.28 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.87 581.10 Td (propose ) Tj ET Q q 0 0 0 rg BT 214.34 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 225.59 581.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 267.95 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.09 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.12 581.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 325.59 581.10 Td (European ) Tj ET Q q 0 0 0 rg BT 365.72 581.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 392.53 581.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 433.79 581.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 463.92 581.10 Td (scheme ) Tj ET Q q 0 0 0 rg BT 495.72 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.31 581.10 Td (include ) Tj ET Q q 0 0 0 rg BT 536.55 581.10 Td (emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 569.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 94.87 569.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 119.03 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 140.97 569.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 171.23 569.10 Td (vessels.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (Al) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 545.10 Td (l ) Tj ET Q q 0 0 0 rg BT 86.90 545.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 110.58 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 125.91 545.10 Td (required ) Tj ET Q q 0 0 0 rg BT 162.35 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.25 545.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 202.48 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.82 545.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 239.28 545.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 257.97 545.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 271.10 545.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 280.35 545.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 315.68 545.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 371.00 545.10 Td (Plans, ) Tj ET Q q 0 0 0 rg BT 398.29 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.74 545.10 Td (SEEMP) Tj ET Q q 0 0 0 rg BT 440.87 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.49 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.05 545.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 506.06 545.10 Td (ener) Tj ET Q q 0 0 0 rg BT 523.09 545.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 536.21 545.10 Td (ef) Tj ET Q q 0 0 0 rg BT 543.80 545.10 Td (ficiency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 62.14 533.10 Td (per ) Tj ET Q q 0 0 0 rg BT 77.72 533.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 113.85 533.10 Td (mile, ) Tj ET Q q 0 0 0 rg BT 136.94 533.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 172.53 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.12 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.15 533.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 216.85 533.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 229.66 533.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 238.92 533.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 273.94 533.10 Td (Design ) Tj ET Q q 0 0 0 rg BT 305.08 533.10 Td (Index, ) Tj ET Q q 0 0 0 rg BT 333.17 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.31 533.10 Td (EEDI, ) Tj ET Q q 0 0 0 rg BT 372.39 533.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 403.53 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.13 533.10 Td (all ) Tj ET Q q 0 0 0 rg BT 426.94 533.10 Td (new ) Tj ET Q q 0 0 0 rg BT 446.41 533.10 Td (ships. ) Tj ET Q q 0 0 0 rg BT 472.09 533.10 Td (These ) Tj ET Q q 0 0 0 rg BT 498.78 533.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 553.79 533.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 60.90 521.10 Td (us ) Tj ET Q q 0 0 0 rg BT 72.48 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.95 521.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 106.18 521.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 148.86 521.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 197.64 521.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 222.63 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 240.87 521.10 Td (IMO ) Tj ET Q q 0 0 0 rg BT 263.00 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.36 521.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 310.05 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.52 521.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 365.97 521.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 422.52 521.10 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 474.65 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.12 521.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 514.45 521.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 562.68 521.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 78.32 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 100.64 509.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 124.07 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 134.17 509.10 Td (an ) Tj ET Q q 0 0 0 rg BT 146.48 509.10 Td (upcoming ) Tj ET Q q 0 0 0 rg BT 189.35 509.10 Td (MEPC ) Tj ET Q q 0 0 0 rg BT 219.46 509.10 Td (session. ) Tj ET Q q 0 0 0 rg BT 253.72 509.10 Td (In ) Tj ET Q q 0 0 0 rg BT 264.29 509.10 Td (April ) Tj ET Q q 0 0 0 rg BT 288.28 509.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 313.65 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.74 509.10 Td (European ) Tj ET Q q 0 0 0 rg BT 369.93 509.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 397.81 509.10 Td (Parliament ) Tj ET Q q 0 0 0 rg BT 444.00 509.10 Td (rejected ) Tj ET Q q 0 0 0 rg BT 478.52 509.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 518.05 509.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 553.14 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.79 509.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (European ) Tj ET Q q 0 0 0 rg BT 75.67 497.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 102.03 497.10 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 144.50 497.10 Td (law ) Tj ET Q q 0 0 0 rg BT 160.30 497.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 199.97 497.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 228.53 497.10 Td (trading. ) Tj ET Q q 0 0 0 rg BT 260.62 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 277.52 497.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 316.08 497.10 Td (would ) Tj ET Q q 0 0 0 rg BT 342.44 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 362.67 497.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 392.36 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.93 497.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 452.27 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.96 497.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 493.31 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.66 497.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 533.24 497.10 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.59 485.10 Td (emit ) Tj ET Q q 0 0 0 rg BT 65.17 485.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 112.52 485.10 Td (gases. ) Tj ET Q q 0 0 0 rg BT 138.36 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.72 485.10 Td (European ) Tj ET Q q 0 0 0 rg BT 195.85 485.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 222.66 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.14 485.10 Td (still ) Tj ET Q q 0 0 0 rg BT 247.96 485.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 296.43 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 307.68 485.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 350.03 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.18 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.20 485.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 407.68 485.10 Td (European ) Tj ET Q q 0 0 0 rg BT 447.81 485.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 474.62 485.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 515.88 485.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 546.02 485.10 Td (scheme ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.92 473.10 Td (include ) Tj ET Q q 0 0 0 rg BT 79.49 473.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 122.07 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.54 473.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 182.21 473.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 207.01 473.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.59 473.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 260.49 473.10 Td (vessels, ) Tj ET Q q 0 0 0 rg BT 294.45 473.10 Td (including ) Tj ET Q q 0 0 0 rg BT 335.37 473.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 367.95 473.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 393.03 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.61 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.52 473.10 Td (June ) Tj ET Q q 0 0 0 rg BT 442.99 473.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 468.63 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.98 473.10 Td (European ) Tj ET Q q 0 0 0 rg BT 525.43 473.10 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 63.67 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.78 461.10 Td (memorandum ) Tj ET Q q 0 0 0 rg BT 128.99 461.10 Td (recommending ) Tj ET Q q 0 0 0 rg BT 191.64 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.75 461.10 Td (gradual ) Tj ET Q q 0 0 0 rg BT 235.85 461.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 279.60 461.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 312.27 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 332.72 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.83 461.10 Td (program ) Tj ET Q q 0 0 0 rg BT 376.38 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.83 461.10 Td (monitor) Tj ET Q q 0 0 0 rg BT 418.09 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.26 461.10 Td (report ) Tj ET Q q 0 0 0 rg BT 449.81 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.92 461.10 Td (verify ) Tj ET Q q 0 0 0 rg BT 493.47 461.10 Td (such ) Tj ET Q q 0 0 0 rg BT 514.47 461.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 562.67 461.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 77.69 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 99.38 449.10 Td (ships. ) Tj ET Q q 0 0 0 rg BT 124.68 449.10 Td (In ) Tj ET Q q 0 0 0 rg BT 135.26 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.72 449.10 Td (United ) Tj ET Q q 0 0 0 rg BT 179.18 449.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 207.81 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.28 449.10 Td (EP) Tj ET Q q 0 0 0 rg BT 233.03 449.10 Td (A) Tj ET Q q 0 0 0 rg BT 239.70 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.94 449.10 Td (has ) Tj ET Q q 0 0 0 rg BT 257.52 449.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 284.76 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.45 449.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 322.58 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 339.82 449.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 387.60 449.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 411.51 449.10 Td (endanger ) Tj ET Q q 0 0 0 rg BT 450.40 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.86 449.10 Td (public ) Tj ET Q q 0 0 0 rg BT 492.10 449.10 Td (health ) Tj ET Q q 0 0 0 rg BT 518.78 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.46 449.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 561.58 449.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (has ) Tj ET Q q 0 0 0 rg BT 51.43 437.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 85.18 437.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 131.71 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.58 437.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 162.57 437.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 210.20 437.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 225.63 437.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 267.17 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 288.71 437.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 318.01 437.10 Td (mobile ) Tj ET Q q 0 0 0 rg BT 347.88 437.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 379.96 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.50 437.10 Td (lar) Tj ET Q q 0 0 0 rg BT 406.86 437.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 418.40 437.10 Td (stationary ) Tj ET Q q 0 0 0 rg BT 459.93 437.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 494.05 437.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 533.93 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.24 437.10 Td (mobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (source ) Tj ET Q q 0 0 0 rg BT 64.06 425.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 105.48 425.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 151.87 425.10 Td (do ) Tj ET Q q 0 0 0 rg BT 163.84 425.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.58 425.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 202.76 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.50 425.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 260.01 425.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 275.30 425.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 316.71 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 338.12 425.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 369.52 425.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 393.44 425.10 Td (such ) Tj ET Q q 0 0 0 rg BT 413.73 425.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 456.24 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.53 425.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 497.94 425.10 Td (units ) Tj ET Q q 0 0 0 rg BT 519.35 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.99 425.10 Td (foreseeable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.77 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.33 413.10 Td (EP) Tj ET Q q 0 0 0 rg BT 78.08 413.10 Td (A) Tj ET Q q 0 0 0 rg BT 84.75 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.09 413.10 Td (has ) Tj ET Q q 0 0 0 rg BT 102.75 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.87 413.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 139.63 413.10 Td (years ) Tj ET Q q 0 0 0 rg BT 163.06 413.10 Td (received ) Tj ET Q q 0 0 0 rg BT 199.26 413.10 Td (petitions ) Tj ET Q q 0 0 0 rg BT 236.04 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 257.82 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.37 413.10 Td (California ) Tj ET Q q 0 0 0 rg BT 314.73 413.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 352.62 413.10 Td (General ) Tj ET Q q 0 0 0 rg BT 386.60 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.37 413.10 Td (various ) Tj ET Q q 0 0 0 rg BT 435.15 413.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 495.24 413.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 524.80 413.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 557.68 413.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 82.11 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 93.51 401.10 Td (February ) Tj ET Q q 0 0 0 rg BT 132.68 401.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 158.26 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.54 401.10 Td (supreme ) Tj ET Q q 0 0 0 rg BT 210.49 401.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 236.34 401.10 Td (heard ) Tj ET Q q 0 0 0 rg BT 261.62 401.10 Td (oral ) Tj ET Q q 0 0 0 rg BT 280.24 401.10 Td (ar) Tj ET Q q 0 0 0 rg BT 287.83 401.10 Td (guments ) Tj ET Q q 0 0 0 rg BT 324.78 401.10 Td (from ) Tj ET Q q 0 0 0 rg BT 347.29 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.80 401.10 Td (number ) Tj ET Q q 0 0 0 rg BT 388.42 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.82 401.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 435.67 401.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 465.97 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.03 401.10 Td (oppose ) Tj ET Q q 0 0 0 rg BT 515.43 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.94 401.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 548.78 401.10 Td (court) Tj ET Q q 0 0 0 rg BT 572.11 401.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 71.83 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 84.33 389.10 Td (EP) Tj ET Q q 0 0 0 rg BT 95.08 389.10 Td (A) Tj ET Q q 0 0 0 rg BT 101.75 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.25 389.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 147.29 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.12 389.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 187.83 389.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 229.77 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.60 389.10 Td (too ) Tj ET Q q 0 0 0 rg BT 255.88 389.10 Td (expansive ) Tj ET Q q 0 0 0 rg BT 298.37 389.10 Td (but ) Tj ET Q q 0 0 0 rg BT 313.65 389.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 344.48 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.19 389.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 384.46 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.29 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.01 389.10 Td (ar) Tj ET Q q 0 0 0 rg BT 417.60 389.10 Td (gument.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 123.52 365.10 Td (with ) Tj ET Q q 0 0 0 rg BT 144.50 365.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 179.91 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.89 365.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 214.92 365.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 262.56 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.20 365.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 327.85 365.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 361.59 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.57 365.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 405.20 365.10 Td (change ) Tj ET Q q 0 0 0 rg BT 436.72 365.10 Td (could ) Tj ET Q q 0 0 0 rg BT 462.14 365.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 498.09 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 514.63 365.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 537.83 365.10 Td (related ) Tj ET Q q 0 0 0 rg BT 568.23 365.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 76.08 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.83 353.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 142.91 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.55 353.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 186.70 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.45 353.10 Td (might ) Tj ET Q q 0 0 0 rg BT 229.10 353.10 Td (also ) Tj ET Q q 0 0 0 rg BT 247.52 353.10 Td (require ) Tj ET Q q 0 0 0 rg BT 278.15 353.10 Td (us ) Tj ET Q q 0 0 0 rg BT 289.35 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.45 353.10 Td (install ) Tj ET Q q 0 0 0 rg BT 326.20 353.10 Td (new ) Tj ET Q q 0 0 0 rg BT 345.18 353.10 Td (emission ) Tj ET Q q 0 0 0 rg BT 383.05 353.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 420.08 353.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 451.81 353.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 498.55 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.20 353.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 525.95 353.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 548.81 353.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.21 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 59.96 341.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 106.93 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 121.69 341.10 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 165.06 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.82 341.10 Td (administer ) Tj ET Q q 0 0 0 rg BT 218.46 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.33 341.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 266.85 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.72 341.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 319.68 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 334.44 341.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 375.32 341.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 412.81 341.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 431.46 341.10 Td (passage ) Tj ET Q q 0 0 0 rg BT 463.99 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.74 341.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 504.60 341.10 Td (control ) Tj ET Q q 0 0 0 rg BT 534.35 341.10 Td (legislation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 47.08 329.10 Td (other ) Tj ET Q q 0 0 0 rg BT 70.37 329.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 114.21 329.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 156.40 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.15 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.11 329.10 Td (IMO, ) Tj ET Q q 0 0 0 rg BT 208.81 329.10 Td (European ) Tj ET Q q 0 0 0 rg BT 249.87 329.10 Td (Union, ) Tj ET Q q 0 0 0 rg BT 280.12 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.08 329.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 315.61 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.69 329.10 Td (other ) Tj ET Q q 0 0 0 rg BT 349.99 329.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 389.39 329.10 Td (where ) Tj ET Q q 0 0 0 rg BT 416.57 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 430.97 329.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 465.65 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.72 329.10 Td (any ) Tj ET Q q 0 0 0 rg BT 493.91 329.10 Td (treaty ) Tj ET Q q 0 0 0 rg BT 519.42 329.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 553.83 329.10 Td (at ) Tj ET Q q 0 0 0 rg BT 563.79 329.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (international ) Tj ET Q q 0 0 0 rg BT 88.29 317.10 Td (level ) Tj ET Q q 0 0 0 rg BT 109.47 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.99 317.10 Td (succeed ) Tj ET Q q 0 0 0 rg BT 152.39 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.35 317.10 Td (Kyoto ) Tj ET Q q 0 0 0 rg BT 193.10 317.10 Td (Protocol, ) Tj ET Q q 0 0 0 rg BT 231.23 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.98 317.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 277.49 317.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 318.69 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.76 317.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 376.05 317.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 399.46 317.10 Td (could ) Tj ET Q q 0 0 0 rg BT 423.42 317.10 Td (require ) Tj ET Q q 0 0 0 rg BT 453.49 317.10 Td (us ) Tj ET Q q 0 0 0 rg BT 464.13 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.65 317.10 Td (make ) Tj ET Q q 0 0 0 rg BT 497.05 317.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 541.01 317.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 89.59 305.10 Td (which ) Tj ET Q q 0 0 0 rg BT 116.53 305.10 Td (we ) Tj ET Q q 0 0 0 rg BT 130.69 305.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 159.85 305.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 190.11 305.10 Td (with ) Tj ET Q q 0 0 0 rg BT 210.39 305.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 247.87 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 257.59 305.10 Td (this ) Tj ET Q q 0 0 0 rg BT 274.54 305.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 281.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 121.90 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 126.92 281.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 159.97 281.10 Td (ef) Tj ET Q q 0 0 0 rg BT 167.56 281.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 188.95 281.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 211.46 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.19 281.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 239.27 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.22 281.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 272.06 281.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 307.36 281.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 340.41 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.71 281.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 382.65 281.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 415.98 281.10 Td (including ) Tj ET Q q 0 0 0 rg BT 456.27 281.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 492.11 281.10 Td (public ) Tj ET Q q 0 0 0 rg BT 519.62 281.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 553.78 281.10 Td (about ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 51.09 269.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 111.73 269.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 141.82 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.03 269.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 185.33 269.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 219.03 269.10 Td (may ) Tj ET Q q 0 0 0 rg BT 239.12 269.10 Td (also ) Tj ET Q q 0 0 0 rg BT 258.11 269.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 299.30 269.10 Td (af) Tj ET Q q 0 0 0 rg BT 306.89 269.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 324.75 269.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 359.28 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.82 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.03 269.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 427.61 269.10 Td (For ) Tj ET Q q 0 0 0 rg BT 444.38 269.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 483.63 269.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 524.26 269.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 567.68 269.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 84.75 257.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 109.63 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 121.18 257.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.95 257.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 183.70 257.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 217.46 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.46 257.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 261.10 257.10 Td (change ) Tj ET Q q 0 0 0 rg BT 292.64 257.10 Td (may ) Tj ET Q q 0 0 0 rg BT 313.07 257.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 342.93 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.37 257.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 393.24 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.12 257.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 421.89 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.55 257.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 456.10 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.09 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.53 257.10 Td (future ) Tj ET Q q 0 0 0 rg BT 509.62 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 521.17 257.10 Td (create ) Tj ET Q q 0 0 0 rg BT 548.25 257.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (incentives ) Tj ET Q q 0 0 0 rg BT 78.51 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 92.13 245.10 Td (use ) Tj ET Q q 0 0 0 rg BT 107.43 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.72 245.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 161.89 245.10 Td (ener) Tj ET Q q 0 0 0 rg BT 178.91 245.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 190.88 245.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 224.90 245.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 244.09 245.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 285.49 245.10 Td (material ) Tj ET Q q 0 0 0 rg BT 320.21 245.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 352.71 245.10 Td (ef) Tj ET Q q 0 0 0 rg BT 360.30 245.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 377.25 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 389.22 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.40 245.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 415.92 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.32 245.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 447.62 245.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 482.36 245.10 Td (could ) Tj ET Q q 0 0 0 rg BT 506.55 245.10 Td (have ) Tj ET Q q 0 0 0 rg BT 527.39 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.79 245.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 75.97 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.39 233.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 145.36 233.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 180.88 233.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 213.08 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.06 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.38 233.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 287.76 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.74 233.10 Td (See ) Tj ET Q q 0 0 0 rg BT 312.17 233.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 339.92 233.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 352.40 233.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 405.15 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 420.14 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.34 233.10 Td (Company-B. ) Tj ET Q q 0 0 0 rg BT 496.02 233.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 536.57 233.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (-Environmental ) Tj ET Q q 0 0 0 rg BT 103.57 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.51 221.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 145.78 221.10 Td (Regulations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.61 197.10 Td (use ) Tj ET Q q 0 0 0 rg BT 107.00 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.83 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.78 197.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 167.85 197.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 185.91 197.10 Td (may ) Tj ET Q q 0 0 0 rg BT 205.63 197.10 Td (infringe ) Tj ET Q q 0 0 0 rg BT 241.47 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.75 197.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 305.35 197.10 Td (property ) Tj ET Q q 0 0 0 rg BT 342.29 197.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 368.69 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.52 197.10 Td (others.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.29 173.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 126.92 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.00 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.97 173.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 200.14 173.10 Td (property ) Tj ET Q q 0 0 0 rg BT 236.76 173.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 262.29 173.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 295.58 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.11 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.19 173.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 354.38 173.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 372.13 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.31 173.10 Td (related ) Tj ET Q q 0 0 0 rg BT 419.26 173.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 464.22 173.10 Td (are ) Tj ET Q q 0 0 0 rg BT 479.18 173.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 508.58 173.10 Td (by ) Tj ET Q q 0 0 0 rg BT 521.33 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 537.41 173.10 Td (suppliers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (In ) Tj ET Q q 0 0 0 rg BT 46.24 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 60.37 161.10 Td (event ) Tj ET Q q 0 0 0 rg BT 83.94 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 100.85 161.10 Td (one ) Tj ET Q q 0 0 0 rg BT 117.20 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.44 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.69 161.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 180.71 161.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 217.61 161.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 254.52 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.21 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.56 161.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 301.36 161.10 Td (over ) Tj ET Q q 0 0 0 rg BT 321.04 161.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 374.60 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.85 161.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 431.18 161.10 Td (property ) Tj ET Q q 0 0 0 rg BT 466.97 161.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 491.67 161.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 524.12 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.81 161.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 64.88 149.10 Td (by ) Tj ET Q q 0 0 0 rg BT 77.10 149.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 90.71 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 104.58 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 124.02 149.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 142.35 149.10 Td (access ) Tj ET Q q 0 0 0 rg BT 170.10 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.10 149.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 205.63 149.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 242.56 149.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 293.63 149.10 Td (parts, ) Tj ET Q q 0 0 0 rg BT 317.79 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.34 149.10 Td (could ) Tj ET Q q 0 0 0 rg BT 352.77 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 364.43 149.10 Td (required ) Tj ET Q q 0 0 0 rg BT 399.96 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.96 149.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 433.82 149.10 Td (use ) Tj ET Q q 0 0 0 rg BT 449.37 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.92 149.10 Td (some ) Tj ET Q q 0 0 0 rg BT 483.25 149.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 530.18 149.10 Td (In ) Tj ET Q q 0 0 0 rg BT 540.73 149.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.17 137.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 102.23 137.10 Td (may ) Tj ET Q q 0 0 0 rg BT 122.29 137.10 Td (assert ) Tj ET Q q 0 0 0 rg BT 147.90 137.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 176.85 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.36 137.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 245.85 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.03 137.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 304.29 137.10 Td (property ) Tj ET Q q 0 0 0 rg BT 341.01 137.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 366.64 137.10 Td (related ) Tj ET Q q 0 0 0 rg BT 396.68 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.31 137.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 437.35 137.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 482.41 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 495.25 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.43 137.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 543.71 137.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 561.56 137.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (we ) Tj ET Q q 0 0 0 rg BT 49.96 125.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.48 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.21 125.10 Td (required ) Tj ET Q q 0 0 0 rg BT 116.83 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.91 125.10 Td (stop ) Tj ET Q q 0 0 0 rg BT 145.88 125.10 Td (using ) Tj ET Q q 0 0 0 rg BT 169.85 125.10 Td (such ) Tj ET Q q 0 0 0 rg BT 190.48 125.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 234.99 125.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 262.84 125.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 279.57 125.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 316.86 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.60 125.10 Td (royalties ) Tj ET Q q 0 0 0 rg BT 370.33 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.29 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.81 125.10 Td (use ) Tj ET Q q 0 0 0 rg BT 414.44 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.07 125.10 Td (such ) Tj ET Q q 0 0 0 rg BT 445.70 125.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 492.54 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 510.39 125.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 567.67 125.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 82.19 113.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 116.73 113.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 156.82 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.90 113.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 209.77 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.86 113.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 268.83 113.10 Td (could ) Tj ET Q q 0 0 0 rg BT 292.80 113.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 332.87 113.10 Td (af) Tj ET Q q 0 0 0 rg BT 340.46 113.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 357.20 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.29 113.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.03 113.10 Td (results ) Tj ET Q q 0 0 0 rg BT 436.89 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.09 113.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 498.87 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.51 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 513.70 113.10 Td (have ) Tj ET Q q 0 0 0 rg BT 534.34 113.10 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.20 101.10 Td (some ) Tj ET Q q 0 0 0 rg BT 69.74 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.49 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.24 101.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 125.34 101.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 163.86 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.94 101.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 216.47 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.68 101.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 259.65 101.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 302.62 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.83 101.10 Td (us ) Tj ET Q q 0 0 0 rg BT 324.14 101.10 Td (against ) Tj ET Q q 0 0 0 rg BT 354.89 101.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 401.74 101.10 Td (property ) Tj ET Q q 0 0 0 rg BT 438.04 101.10 Td (lawsuits. ) Tj ET Q q 0 0 0 rg BT 475.74 101.10 Td (However) Tj ET Q q 0 0 0 rg BT 511.99 101.10 Td (, ) Tj ET Q q 0 0 0 rg BT 516.92 101.10 Td (these ) Tj ET Q q 0 0 0 rg BT 539.89 101.10 Td (suppliers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 55.38 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 66.98 89.10 Td (unwilling ) Tj ET Q q 0 0 0 rg BT 107.48 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 117.97 89.10 Td (financially ) Tj ET Q q 0 0 0 rg BT 162.89 89.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 191.71 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.65 89.10 Td (honor ) Tj ET Q q 0 0 0 rg BT 227.14 89.10 Td (their ) Tj ET Q q 0 0 0 rg BT 247.63 89.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 290.34 89.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 339.45 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.94 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.32 89.10 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 413.14 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 432.52 89.10 Td (not ) Tj ET Q q 0 0 0 rg BT 447.46 89.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 468.51 89.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 498.43 89.10 Td (us ) Tj ET Q q 0 0 0 rg BT 509.49 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 531.09 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.47 89.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 93.31 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.98 77.10 Td (such ) Tj ET Q q 0 0 0 rg BT 124.65 77.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 171.42 77.10 Td (disputes. ) Tj ET Q q 0 0 0 rg BT 208.86 77.10 Td (W) Tj ET Q q 0 0 0 rg BT 217.50 77.10 Td (e ) Tj ET Q q 0 0 0 rg BT 224.27 77.10 Td (also ) Tj ET Q q 0 0 0 rg BT 242.72 77.10 Td (have ) Tj ET Q q 0 0 0 rg BT 263.93 77.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 307.94 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.05 77.10 Td (some ) Tj ET Q q 0 0 0 rg BT 341.50 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.16 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.83 77.10 Td (client ) Tj ET Q q 0 0 0 rg BT 392.38 77.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 430.81 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.92 77.10 Td (require ) Tj ET Q q 0 0 0 rg BT 471.58 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.13 77.10 Td (client ) Tj ET Q q 0 0 0 rg BT 510.68 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.79 77.10 Td (share ) Tj ET Q q 0 0 0 rg BT 544.23 77.10 Td (some ) Tj ET Q q 0 0 0 rg BT 567.67 77.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (these ) Tj ET Q q 0 0 0 rg BT 58.99 65.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 80.32 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.76 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.63 65.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 130.40 65.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 155.34 65.10 Td (but ) Tj ET Q q 0 0 0 rg BT 170.56 65.10 Td (these ) Tj ET Q q 0 0 0 rg BT 193.54 65.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 237.65 65.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.31 65.10 Td (not ) Tj ET Q q 0 0 0 rg BT 272.53 65.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 293.85 65.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 324.05 65.10 Td (us ) Tj ET Q q 0 0 0 rg BT 335.38 65.10 Td (from ) Tj ET Q q 0 0 0 rg BT 357.26 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.92 65.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 404.89 65.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 462.31 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.08 65.10 Td (such ) Tj ET Q q 0 0 0 rg BT 493.85 65.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 540.72 65.10 Td (disputes.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (12) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 749.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.86 749.25 Td (must ) Tj ET Q q 0 0 0 rg BT 111.13 749.25 Td (make ) Tj ET Q q 0 0 0 rg BT 136.62 749.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 183.78 749.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 214.82 749.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.65 749.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 276.37 749.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 332.42 749.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.46 749.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 383.97 749.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.01 749.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 442.73 749.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 479.87 749.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.47 749.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.19 749.25 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 532.72 749.25 Td (which ) Tj ET Q q 0 0 0 rg BT 561.00 749.25 Td (will ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 66.27 737.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.66 737.25 Td (available ) Tj ET Q q 0 0 0 rg BT 127.37 737.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.65 737.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 154.59 737.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 195.98 737.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.25 737.25 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 713.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.07 713.25 Td (must ) Tj ET Q q 0 0 0 rg BT 108.51 713.25 Td (make ) Tj ET Q q 0 0 0 rg BT 132.16 713.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 176.37 713.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 205.01 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.44 713.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 261.20 713.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 314.29 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.06 713.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 361.04 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.48 713.25 Td (replace, ) Tj ET Q q 0 0 0 rg BT 410.83 713.25 Td (over ) Tj ET Q q 0 0 0 rg BT 430.59 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.80 713.25 Td (long-term, ) Tj ET Q q 0 0 0 rg BT 488.73 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.94 713.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 542.70 713.25 Td (capacity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 49.13 701.25 Td (our ) Tj ET Q q 0 0 0 rg BT 67.25 701.25 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 92.32 701.25 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 148.75 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.99 701.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 221.64 701.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 253.09 701.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 308.98 701.25 Td (include ) Tj ET Q q 0 0 0 rg BT 343.21 701.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 374.66 701.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 430.55 701.25 Td (for ) Tj ET Q q 0 0 0 rg BT 447.01 701.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 502.34 701.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 548.24 701.25 Td (special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 91.45 689.25 Td (surveys\) ) Tj ET Q q 0 0 0 rg BT 128.02 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.14 689.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 174.48 689.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 228.26 689.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 272.04 689.25 Td (with ) Tj ET Q q 0 0 0 rg BT 292.51 689.25 Td (modifying ) Tj ET Q q 0 0 0 rg BT 336.86 689.25 Td (an ) Tj ET Q q 0 0 0 rg BT 348.99 689.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 383.34 689.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 415.48 689.25 Td (rig, ) Tj ET Q q 0 0 0 rg BT 431.77 689.25 Td (including ) Tj ET Q q 0 0 0 rg BT 472.23 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.70 689.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 517.59 689.25 Td (its ) Tj ET Q q 0 0 0 rg BT 529.73 689.25 Td (technology) Tj ET Q q 0 0 0 rg BT 573.51 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 75.99 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 82.66 677.25 Td (new ) Tj ET Q q 0 0 0 rg BT 101.55 677.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 133.23 677.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 146.57 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 157.13 677.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 198.23 677.25 Td (replacing ) Tj ET Q q 0 0 0 rg BT 237.67 677.25 Td (current ) Tj ET Q q 0 0 0 rg BT 268.21 677.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 299.89 677.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 317.12 677.25 Td (at ) Tj ET Q q 0 0 0 rg BT 326.56 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.01 677.25 Td (end ) Tj ET Q q 0 0 0 rg BT 357.68 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.24 677.25 Td (their ) Tj ET Q q 0 0 0 rg BT 388.80 677.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 415.47 677.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 436.58 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.59 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.04 677.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 487.70 677.25 Td (these ) Tj ET Q q 0 0 0 rg BT 510.48 677.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 563.80 677.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 71.99 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.44 665.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 120.11 665.25 Td (or ) Tj ET Q q 0 0 0 rg BT 131.11 665.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 162.65 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.54 665.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 217.98 665.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 253.97 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.97 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 280.98 665.25 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 303.72 665.25 Td (These ) Tj ET Q q 0 0 0 rg BT 330.27 665.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 384.04 665.25 Td (could ) Tj ET Q q 0 0 0 rg BT 408.93 665.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 429.38 665.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 482.04 665.25 Td (from ) Tj ET Q q 0 0 0 rg BT 504.15 665.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 535.14 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 545.60 665.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 573.51 665.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 653.25 Td (from ) Tj ET Q q 0 0 0 rg BT 74.88 653.25 Td (year ) Tj ET Q q 0 0 0 rg BT 94.58 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.86 653.25 Td (year) Tj ET Q q 0 0 0 rg BT 121.67 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 126.67 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.61 653.25 Td (could ) Tj ET Q q 0 0 0 rg BT 168.32 653.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 203.58 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 214.41 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 221.35 653.25 Td (result ) Tj ET Q q 0 0 0 rg BT 246.06 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.89 653.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 291.60 653.25 Td (in:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 629.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 629.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 141.33 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 629.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 175.20 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.14 629.25 Td (materials;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 614.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 614.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 147.16 614.25 Td (requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 599.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 599.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 128.26 599.25 Td (size;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 584.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 584.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 141.33 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 584.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 203.51 584.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 235.46 584.25 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 569.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 569.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 141.33 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 569.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 203.51 569.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 225.45 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.61 569.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 273.78 569.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 305.72 569.25 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 554.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 554.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 169.64 554.25 Td (location ) Tj ET Q q 0 0 0 rg BT 204.35 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.18 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.90 554.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 261.84 554.25 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 539.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 539.25 Td (length ) Tj ET Q q 0 0 0 rg BT 135.50 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.33 539.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 178.27 539.25 Td (contracts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 524.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 524.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 165.10 524.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 211.65 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.20 524.25 Td (maritime ) Tj ET Q q 0 0 0 rg BT 266.41 524.25 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 327.39 524.25 Td (or) Tj ET Q q 0 0 0 rg BT 335.54 524.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 379.31 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.86 524.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 434.07 524.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 473.95 524.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 506.61 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.50 524.25 Td (safety) Tj ET Q q 0 0 0 rg BT 539.73 524.25 Td (, ) Tj ET Q q 0 0 0 rg BT 544.35 524.25 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 512.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.83 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.55 512.25 Td (environment; ) Tj ET Q q 0 0 0 rg BT 189.37 512.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 497.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 497.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 143.28 497.25 Td (standards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 470.25 Td (These ) Tj ET Q q 0 0 0 rg BT 98.41 470.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 127.59 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.56 470.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 184.86 470.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 238.48 470.25 Td (will ) Tj ET Q q 0 0 0 rg BT 256.57 470.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 285.75 470.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 306.05 470.25 Td (available ) Tj ET Q q 0 0 0 rg BT 344.67 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.98 470.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 371.95 470.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 413.37 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.68 470.25 Td (our ) Tj ET Q q 0 0 0 rg BT 439.54 470.25 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 495.11 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.08 470.25 Td (any ) Tj ET Q q 0 0 0 rg BT 529.05 470.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 568.23 470.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 458.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 458.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 80.98 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.92 458.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 138.18 458.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 191.78 458.25 Td (will ) Tj ET Q q 0 0 0 rg BT 209.83 458.25 Td (further ) Tj ET Q q 0 0 0 rg BT 239.54 458.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 268.69 458.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 288.95 458.25 Td (available ) Tj ET Q q 0 0 0 rg BT 327.54 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.82 458.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 354.76 458.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 396.15 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.42 458.25 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 434.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 434.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.21 434.25 Td (may ) Tj ET Q q 0 0 0 rg BT 107.04 434.25 Td (not ) Tj ET Q q 0 0 0 rg BT 123.00 434.25 Td (be ) Tj ET Q q 0 0 0 rg BT 135.06 434.25 Td (able ) Tj ET Q q 0 0 0 rg BT 154.90 434.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.30 434.25 Td (keep ) Tj ET Q q 0 0 0 rg BT 186.79 434.25 Td (pace ) Tj ET Q q 0 0 0 rg BT 208.29 434.25 Td (with ) Tj ET Q q 0 0 0 rg BT 228.70 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.09 434.25 Td (continual ) Tj ET Q q 0 0 0 rg BT 286.17 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.35 434.25 Td (rapid ) Tj ET Q q 0 0 0 rg BT 328.64 434.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 386.81 434.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 444.98 434.25 Td (that ) Tj ET Q q 0 0 0 rg BT 463.71 434.25 Td (characterize ) Tj ET Q q 0 0 0 rg BT 516.88 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.28 434.25 Td (market ) Tj ET Q q 0 0 0 rg BT 563.78 434.25 Td (for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 422.25 Td (our ) Tj ET Q q 0 0 0 rg BT 52.95 422.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 90.16 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.22 422.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.17 422.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 155.45 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.73 422.25 Td (do ) Tj ET Q q 0 0 0 rg BT 178.23 422.25 Td (so ) Tj ET Q q 0 0 0 rg BT 189.62 422.25 Td (may ) Tj ET Q q 0 0 0 rg BT 209.34 422.25 Td (result ) Tj ET Q q 0 0 0 rg BT 235.18 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.02 422.25 Td (our ) Tj ET Q q 0 0 0 rg BT 262.97 422.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 281.03 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.86 422.25 Td (market ) Tj ET Q q 0 0 0 rg BT 323.25 422.25 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 398.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.11 398.25 Td (market ) Tj ET Q q 0 0 0 rg BT 120.44 398.25 Td (for ) Tj ET Q q 0 0 0 rg BT 134.66 398.25 Td (our ) Tj ET Q q 0 0 0 rg BT 150.55 398.25 Td (services ) Tj ET Q q 0 0 0 rg BT 185.33 398.25 Td (is ) Tj ET Q q 0 0 0 rg BT 194.56 398.25 Td (characterized ) Tj ET Q q 0 0 0 rg BT 250.41 398.25 Td (by ) Tj ET Q q 0 0 0 rg BT 262.97 398.25 Td (continual ) Tj ET Q q 0 0 0 rg BT 302.75 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.75 398.25 Td (rapid ) Tj ET Q q 0 0 0 rg BT 342.86 398.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 399.29 398.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 457.40 398.25 Td (that ) Tj ET Q q 0 0 0 rg BT 474.95 398.25 Td (have ) Tj ET Q q 0 0 0 rg BT 496.39 398.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 530.61 398.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 543.46 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 560.46 398.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 386.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 62.48 386.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 100.63 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.12 386.25 Td (result ) Tj ET Q q 0 0 0 rg BT 138.05 386.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 152.04 386.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 198.52 386.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 259.44 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.93 386.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 316.85 386.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 357.78 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.93 386.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 431.85 386.25 Td (As ) Tj ET Q q 0 0 0 rg BT 446.67 386.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.82 386.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 483.25 386.25 Td (our ) Tj ET Q q 0 0 0 rg BT 500.29 386.25 Td (future ) Tj ET Q q 0 0 0 rg BT 527.88 386.25 Td (success ) Tj ET Q q 0 0 0 rg BT 561.58 386.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 374.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 85.64 374.25 Td (will ) Tj ET Q q 0 0 0 rg BT 103.07 374.25 Td (be ) Tj ET Q q 0 0 0 rg BT 114.39 374.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 157.35 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.01 374.25 Td (part ) Tj ET Q q 0 0 0 rg BT 184.43 374.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 206.30 374.25 Td (our ) Tj ET Q q 0 0 0 rg BT 221.50 374.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 248.93 374.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.58 374.25 Td (keep ) Tj ET Q q 0 0 0 rg BT 279.33 374.25 Td (pace ) Tj ET Q q 0 0 0 rg BT 299.52 374.25 Td (with ) Tj ET Q q 0 0 0 rg BT 319.18 374.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 374.92 374.25 Td (developments. ) Tj ET Q q 0 0 0 rg BT 434.83 374.25 Td (If ) Tj ET Q q 0 0 0 rg BT 443.37 374.25 Td (we ) Tj ET Q q 0 0 0 rg BT 456.90 374.25 Td (are ) Tj ET Q q 0 0 0 rg BT 470.98 374.25 Td (not ) Tj ET Q q 0 0 0 rg BT 485.63 374.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 528.61 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.26 374.25 Td (acquiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 362.25 Td (new ) Tj ET Q q 0 0 0 rg BT 54.90 362.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 99.35 362.25 Td (or ) Tj ET Q q 0 0 0 rg BT 109.93 362.25 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 152.71 362.25 Td (our ) Tj ET Q q 0 0 0 rg BT 168.29 362.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 202.19 362.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 246.64 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.66 362.25 Td (a ) Tj ET Q q 0 0 0 rg BT 263.34 362.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 291.14 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.82 362.25 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 334.84 362.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 364.29 362.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 396.51 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.53 362.25 Td (response ) Tj ET Q q 0 0 0 rg BT 443.76 362.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.78 362.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 509.89 362.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 567.67 362.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 350.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 71.15 350.25 Td (in ) Tj ET Q q 0 0 0 rg BT 81.87 350.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 122.58 350.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.30 350.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.57 350.25 Td (industry) Tj ET Q q 0 0 0 rg BT 181.70 350.25 Td (, ) Tj ET Q q 0 0 0 rg BT 187.14 350.25 Td (we ) Tj ET Q q 0 0 0 rg BT 201.74 350.25 Td (could ) Tj ET Q q 0 0 0 rg BT 226.90 350.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 245.95 350.25 Td (business ) Tj ET Q q 0 0 0 rg BT 282.79 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.17 350.25 Td (profits. ) Tj ET Q q 0 0 0 rg BT 331.72 350.25 Td (In ) Tj ET Q q 0 0 0 rg BT 342.99 350.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 381.21 350.25 Td (current ) Tj ET Q q 0 0 0 rg BT 412.46 350.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 462.62 350.25 Td (or ) Tj ET Q q 0 0 0 rg BT 473.89 350.25 Td (new ) Tj ET Q q 0 0 0 rg BT 493.49 350.25 Td (market ) Tj ET Q q 0 0 0 rg BT 524.20 350.25 Td (entrants ) Tj ET Q q 0 0 0 rg BT 558.79 350.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 338.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 69.33 338.25 Td (new ) Tj ET Q q 0 0 0 rg BT 87.67 338.25 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 142.39 338.25 Td (services ) Tj ET Q q 0 0 0 rg BT 176.27 338.25 Td (or ) Tj ET Q q 0 0 0 rg BT 186.28 338.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 225.72 338.25 Td (that ) Tj ET Q q 0 0 0 rg BT 242.39 338.25 Td (could ) Tj ET Q q 0 0 0 rg BT 266.29 338.25 Td (render ) Tj ET Q q 0 0 0 rg BT 293.50 338.25 Td (some ) Tj ET Q q 0 0 0 rg BT 316.28 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.29 338.25 Td (our ) Tj ET Q q 0 0 0 rg BT 341.30 338.25 Td (services ) Tj ET Q q 0 0 0 rg BT 375.18 338.25 Td (or ) Tj ET Q q 0 0 0 rg BT 385.19 338.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 429.07 338.25 Td (obsolete, ) Tj ET Q q 0 0 0 rg BT 466.58 338.25 Td (which ) Tj ET Q q 0 0 0 rg BT 492.69 338.25 Td (could ) Tj ET Q q 0 0 0 rg BT 516.58 338.25 Td (have ) Tj ET Q q 0 0 0 rg BT 537.14 338.25 Td (a ) Tj ET Q q 0 0 0 rg BT 543.25 338.25 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 326.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 69.04 326.25 Td (ef) Tj ET Q q 0 0 0 rg BT 76.63 326.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 94.11 326.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.61 326.25 Td (our ) Tj ET Q q 0 0 0 rg BT 122.44 326.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 302.25 Td (In ) Tj ET Q q 0 0 0 rg BT 83.27 302.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.48 302.25 Td (we ) Tj ET Q q 0 0 0 rg BT 136.08 302.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 175.11 302.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 207.47 302.25 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 255.95 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.67 302.25 Td (Norway ) Tj ET Q q 0 0 0 rg BT 301.82 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.20 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.92 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.07 302.25 Td (United ) Tj ET Q q 0 0 0 rg BT 375.23 302.25 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 418.44 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.82 302.25 Td (have ) Tj ET Q q 0 0 0 rg BT 457.63 302.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 491.11 302.25 Td (only ) Tj ET Q q 0 0 0 rg BT 511.83 302.25 Td (one ) Tj ET Q q 0 0 0 rg BT 529.20 302.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 564.34 302.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 290.25 Td (work ) Tj ET Q q 0 0 0 rg BT 58.87 290.25 Td (in ) Tj ET Q q 0 0 0 rg BT 68.96 290.25 Td (another ) Tj ET Q q 0 0 0 rg BT 101.26 290.25 Td (country ) Tj ET Q q 0 0 0 rg BT 134.12 290.25 Td (\(Russia\) ) Tj ET Q q 0 0 0 rg BT 169.76 290.25 Td (which ) Tj ET Q q 0 0 0 rg BT 196.52 290.25 Td (is ) Tj ET Q q 0 0 0 rg BT 205.50 290.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 243.35 290.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.44 290.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 299.07 290.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.04 290.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.13 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.66 290.25 Td (third ) Tj ET Q q 0 0 0 rg BT 388.86 290.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 419.49 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.14 290.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 454.95 290.25 Td (If ) Tj ET Q q 0 0 0 rg BT 463.92 290.25 Td (we ) Tj ET Q q 0 0 0 rg BT 477.90 290.25 Td (are ) Tj ET Q q 0 0 0 rg BT 492.42 290.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 521.39 290.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.48 290.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 562.67 290.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 278.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.78 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.35 278.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 128.14 278.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 152.93 278.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 206.60 278.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 239.17 278.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 283.96 278.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.86 278.25 Td (other ) Tj ET Q q 0 0 0 rg BT 318.54 278.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 357.77 278.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.68 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.03 278.25 Td (North ) Tj ET Q q 0 0 0 rg BT 409.79 278.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 445.13 278.25 Td (Region, ) Tj ET Q q 0 0 0 rg BT 479.65 278.25 Td (it ) Tj ET Q q 0 0 0 rg BT 488.34 278.25 Td (could ) Tj ET Q q 0 0 0 rg BT 513.68 278.25 Td (have ) Tj ET Q q 0 0 0 rg BT 535.69 278.25 Td (a ) Tj ET Q q 0 0 0 rg BT 543.25 278.25 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 266.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 69.04 266.25 Td (ef) Tj ET Q q 0 0 0 rg BT 76.63 266.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 94.11 266.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.61 266.25 Td (our ) Tj ET Q q 0 0 0 rg BT 122.44 266.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 242.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.97 242.25 Td (market ) Tj ET Q q 0 0 0 rg BT 120.72 242.25 Td (value ) Tj ET Q q 0 0 0 rg BT 144.79 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.98 242.25 Td (our ) Tj ET Q q 0 0 0 rg BT 171.30 242.25 Td (current ) Tj ET Q q 0 0 0 rg BT 203.72 242.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 236.15 242.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 253.57 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.99 242.25 Td (those ) Tj ET Q q 0 0 0 rg BT 294.52 242.25 Td (we ) Tj ET Q q 0 0 0 rg BT 307.49 242.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 340.46 242.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.66 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.30 242.25 Td (future ) Tj ET Q q 0 0 0 rg BT 392.72 242.25 Td (may ) Tj ET Q q 0 0 0 rg BT 411.79 242.25 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 451.69 242.25 Td (which ) Tj ET Q q 0 0 0 rg BT 478.56 242.25 Td (could ) Tj ET Q q 0 0 0 rg BT 503.20 242.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 528.39 242.25 Td (us ) Tj ET Q q 0 0 0 rg BT 539.71 242.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.34 242.25 Td (record ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 230.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 86.28 230.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 115.17 230.25 Td (or ) Tj ET Q q 0 0 0 rg BT 126.57 230.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 151.30 230.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 186.01 230.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 212.41 230.25 Td (if ) Tj ET Q q 0 0 0 rg BT 221.01 230.25 Td (we ) Tj ET Q q 0 0 0 rg BT 234.62 230.25 Td (decide ) Tj ET Q q 0 0 0 rg BT 263.22 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.50 230.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 289.88 230.25 Td (them ) Tj ET Q q 0 0 0 rg BT 312.94 230.25 Td (following ) Tj ET Q q 0 0 0 rg BT 354.33 230.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.83 230.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 393.77 230.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.61 230.25 Td (their ) Tj ET Q q 0 0 0 rg BT 426.56 230.25 Td (market ) Tj ET Q q 0 0 0 rg BT 457.94 230.25 Td (values.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 206.25 Td (If ) Tj ET Q q 0 0 0 rg BT 81.63 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.82 206.25 Td (of) Tj ET Q q 0 0 0 rg BT 104.97 206.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 132.93 206.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 168.11 206.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 200.53 206.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 236.28 206.25 Td (suf) Tj ET Q q 0 0 0 rg BT 248.32 206.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 266.28 206.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 299.79 206.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 358.30 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.06 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.25 206.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 413.59 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.78 206.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 445.63 206.25 Td (market ) Tj ET Q q 0 0 0 rg BT 476.37 206.25 Td (value ) Tj ET Q q 0 0 0 rg BT 501.00 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.30 206.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.60 206.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 561.02 206.25 Td (rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 194.25 Td (may ) Tj ET Q q 0 0 0 rg BT 56.32 194.25 Td (decline. ) Tj ET Q q 0 0 0 rg BT 90.56 194.25 Td (The ) Tj ET Q q 0 0 0 rg BT 109.21 194.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 126.19 194.25 Td (market ) Tj ET Q q 0 0 0 rg BT 157.05 194.25 Td (value ) Tj ET Q q 0 0 0 rg BT 181.81 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.23 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.55 194.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 241.09 194.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 259.19 194.25 Td (that ) Tj ET Q q 0 0 0 rg BT 277.29 194.25 Td (we ) Tj ET Q q 0 0 0 rg BT 292.05 194.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 331.24 194.25 Td (own, ) Tj ET Q q 0 0 0 rg BT 354.06 194.25 Td (or ) Tj ET Q q 0 0 0 rg BT 365.49 194.25 Td (may ) Tj ET Q q 0 0 0 rg BT 385.81 194.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 418.33 194.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.21 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.53 194.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 474.00 194.25 Td (may ) Tj ET Q q 0 0 0 rg BT 494.32 194.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 530.17 194.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.60 194.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 182.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 80.16 182.25 Td (on ) Tj ET Q q 0 0 0 rg BT 92.66 182.25 Td (a ) Tj ET Q q 0 0 0 rg BT 99.59 182.25 Td (number ) Tj ET Q q 0 0 0 rg BT 132.64 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.47 182.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 175.68 182.25 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 158.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 158.25 Td (general ) Tj ET Q q 0 0 0 rg BT 140.03 158.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 181.51 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.55 158.25 Td (market ) Tj ET Q q 0 0 0 rg BT 228.92 158.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 273.20 158.25 Td (af) Tj ET Q q 0 0 0 rg BT 280.78 158.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 311.15 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.98 158.25 Td (of) Tj ET Q q 0 0 0 rg BT 334.13 158.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 361.72 158.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 396.53 158.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 428.58 158.25 Td (industry) Tj ET Q q 0 0 0 rg BT 460.71 158.25 Td (, ) Tj ET Q q 0 0 0 rg BT 465.82 158.25 Td (including ) Tj ET Q q 0 0 0 rg BT 506.20 158.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 556.57 158.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 146.25 Td (other ) Tj ET Q q 0 0 0 rg BT 131.05 146.25 Td (of) Tj ET Q q 0 0 0 rg BT 139.20 146.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 166.69 146.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 201.39 146.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 233.33 146.25 Td (companies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 131.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 131.25 Td (types, ) Tj ET Q q 0 0 0 rg BT 134.11 131.25 Td (sizes ) Tj ET Q q 0 0 0 rg BT 156.05 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.99 131.25 Td (ages ) Tj ET Q q 0 0 0 rg BT 193.25 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.08 131.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 236.03 131.25 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 116.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 116.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 137.17 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.11 116.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 188.26 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.42 116.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 234.37 116.25 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 101.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 101.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.50 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.33 101.25 Td (newbuildings;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 86.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 86.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 151.04 86.25 Td (level ) Tj ET Q q 0 0 0 rg BT 172.98 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.81 86.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 215.75 86.25 Td (services ) Tj ET Q q 0 0 0 rg BT 250.46 86.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 285.16 86.25 Td (dayrates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 71.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 71.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 165.48 71.25 Td (or ) Tj ET Q q 0 0 0 rg BT 176.31 71.25 Td (other ) Tj ET Q q 0 0 0 rg BT 199.36 71.25 Td (regulations; ) Tj ET Q q 0 0 0 rg BT 249.07 71.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 56.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 56.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 164.37 56.25 Td (advances.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 121.90 749.10 Td (, ) Tj ET Q q 0 0 0 rg BT 126.40 749.10 Td (if ) Tj ET Q q 0 0 0 rg BT 134.50 749.10 Td (we ) Tj ET Q q 0 0 0 rg BT 148.15 749.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 164.04 749.10 Td (one ) Tj ET Q q 0 0 0 rg BT 180.47 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.79 749.10 Td (more ) Tj ET Q q 0 0 0 rg BT 213.34 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.66 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.98 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 270.42 749.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 287.42 749.10 Td (at ) Tj ET Q q 0 0 0 rg BT 296.63 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.06 749.10 Td (time ) Tj ET Q q 0 0 0 rg BT 322.83 749.10 Td (when ) Tj ET Q q 0 0 0 rg BT 346.48 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 377.92 749.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 391.03 749.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 416.90 749.10 Td (have ) Tj ET Q q 0 0 0 rg BT 437.77 749.10 Td (fallen ) Tj ET Q q 0 0 0 rg BT 462.53 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.96 749.10 Td (before ) Tj ET Q q 0 0 0 rg BT 506.49 749.10 Td (we ) Tj ET Q q 0 0 0 rg BT 520.15 749.10 Td (have ) Tj ET Q q 0 0 0 rg BT 541.02 749.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (an ) Tj ET Q q 0 0 0 rg BT 47.58 737.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 95.81 737.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 141.83 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.75 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.22 737.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 219.90 737.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 257.01 737.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 303.86 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.22 737.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 335.90 737.10 Td (price ) Tj ET Q q 0 0 0 rg BT 358.03 737.10 Td (may ) Tj ET Q q 0 0 0 rg BT 377.38 737.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.96 737.10 Td (less ) Tj ET Q q 0 0 0 rg BT 406.09 737.10 Td (than ) Tj ET Q q 0 0 0 rg BT 425.45 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.80 737.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 471.38 737.10 Td (rig) Tj ET Q q 0 0 0 rg BT 485.27 737.10 Td (s ) Tj ET Q q 0 0 0 rg BT 491.30 737.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 526.75 737.10 Td (value ) Tj ET Q q 0 0 0 rg BT 550.55 737.10 Td (on ) Tj ET Q q 0 0 0 rg BT 562.68 737.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 88.89 725.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 126.23 725.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 173.29 725.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 210.64 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.77 725.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.56 725.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.48 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.27 725.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.06 725.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 309.17 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.30 725.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 358.03 725.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 412.87 725.10 Td (if ) Tj ET Q q 0 0 0 rg BT 421.33 725.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 453.13 725.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 466.59 725.10 Td (values ) Tj ET Q q 0 0 0 rg BT 494.49 725.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 510.17 725.10 Td (significantly) Tj ET Q q 0 0 0 rg BT 559.51 725.10 Td (, ) Tj ET Q q 0 0 0 rg BT 564.36 725.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (may ) Tj ET Q q 0 0 0 rg BT 54.99 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 75.64 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.19 713.10 Td (record ) Tj ET Q q 0 0 0 rg BT 112.50 713.10 Td (an ) Tj ET Q q 0 0 0 rg BT 123.72 713.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 171.59 713.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 217.25 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.80 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 241.90 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 278.66 713.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 325.14 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 351.35 713.10 Td (could ) Tj ET Q q 0 0 0 rg BT 375.35 713.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 415.43 713.10 Td (af) Tj ET Q q 0 0 0 rg BT 423.02 713.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 439.78 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.89 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.64 713.10 Td (results ) Tj ET Q q 0 0 0 rg BT 519.52 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.73 713.10 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 97.84 689.10 Td (Relating ) Tj ET Q q 0 0 0 rg BT 136.45 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.28 689.10 Td (Our) Tj ET Q q 0 0 0 rg BT 164.88 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.38 689.10 Td (Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.41 665.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 126.39 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.03 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 155.78 665.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 176.30 665.10 Td (could ) Tj ET Q q 0 0 0 rg BT 202.39 665.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 224.58 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.34 665.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 279.53 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.40 665.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 340.58 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.22 665.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 394.98 665.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 439.96 665.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 483.27 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.14 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.78 665.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 554.33 665.10 Td (other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (business ) Tj ET Q q 0 0 0 rg BT 73.51 653.10 Td (opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.46 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.14 629.10 Td (December ) Tj ET Q q 0 0 0 rg BT 142.57 629.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 158.42 629.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 184.26 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 199.27 629.10 Td (had ) Tj ET Q q 0 0 0 rg BT 217.06 629.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 278.16 629.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 299.01 629.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 328.47 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.60 629.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 372.38 629.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 405.71 629.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 428.77 629.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 447.67 629.10 Td (current ) Tj ET Q q 0 0 0 rg BT 479.33 629.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 534.34 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 552.12 629.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 90.00 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 107.34 617.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.35 617.10 Td (may ) Tj ET Q q 0 0 0 rg BT 140.91 617.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 163.81 617.10 Td (could ) Tj ET Q q 0 0 0 rg BT 188.37 617.10 Td (af) Tj ET Q q 0 0 0 rg BT 195.96 617.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 213.29 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.96 617.10 Td (future ) Tj ET Q q 0 0 0 rg BT 255.19 617.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 301.69 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 312.36 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.15 617.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 350.38 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.06 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.73 617.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 396.85 617.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 417.53 617.10 Td (from ) Tj ET Q q 0 0 0 rg BT 439.31 617.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 483.31 617.10 Td (will ) Tj ET Q q 0 0 0 rg BT 501.21 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 513.00 617.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 553.66 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.78 617.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 72.76 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.41 605.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 115.17 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.93 605.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 169.79 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 182.12 605.10 Td (such ) Tj ET Q q 0 0 0 rg BT 202.77 605.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 222.31 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.07 605.10 Td (will ) Tj ET Q q 0 0 0 rg BT 256.95 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 272.05 605.10 Td (be ) Tj ET Q q 0 0 0 rg BT 283.82 605.10 Td (available ) Tj ET Q q 0 0 0 rg BT 322.23 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 336.21 605.10 Td (other ) Tj ET Q q 0 0 0 rg BT 359.08 605.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 399.46 605.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 444.00 605.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 485.19 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.29 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.95 605.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 530.49 605.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (require ) Tj ET Q q 0 0 0 rg BT 67.37 593.10 Td (us ) Tj ET Q q 0 0 0 rg BT 79.31 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.14 593.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 112.63 593.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 142.88 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.91 593.10 Td (tests, ) Tj ET Q q 0 0 0 rg BT 204.24 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.73 593.10 Td (may ) Tj ET Q q 0 0 0 rg BT 252.00 593.10 Td (af) Tj ET Q q 0 0 0 rg BT 259.59 593.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 277.63 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.01 593.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 336.50 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.33 593.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 385.38 593.10 Td (for) Tj ET Q q 0 0 0 rg BT 396.63 593.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.19 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.68 593.10 Td (reacting ) Tj ET Q q 0 0 0 rg BT 454.93 593.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 468.26 593.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 503.52 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.35 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 530.73 593.10 Td (business ) Tj ET Q q 0 0 0 rg BT 567.67 593.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 77.35 581.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 123.99 581.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 145.36 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.17 581.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 189.20 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.45 581.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 231.93 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.74 581.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 268.54 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.35 581.10 Td (place ) Tj ET Q q 0 0 0 rg BT 302.92 581.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 349.83 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.31 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.00 581.10 Td (use ) Tj ET Q q 0 0 0 rg BT 392.81 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.62 581.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 441.63 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 463.55 581.10 Td (such ) Tj ET Q q 0 0 0 rg BT 484.35 581.10 Td (dispositions, ) Tj ET Q q 0 0 0 rg BT 537.12 581.10 Td (withstand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (current ) Tj ET Q q 0 0 0 rg BT 66.31 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 76.63 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 102.50 569.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 143.36 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.69 569.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 188.46 569.10 Td (downturns ) Tj ET Q q 0 0 0 rg BT 232.67 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.10 569.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 284.96 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.74 569.10 Td (others ) Tj ET Q q 0 0 0 rg BT 331.17 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.94 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.26 569.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 391.03 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.68 569.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 440.55 569.10 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 497.81 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.24 569.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 535.13 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 550.45 569.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.77 557.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 72.75 557.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 114.73 557.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 154.48 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.12 557.10 Td (working ) Tj ET Q q 0 0 0 rg BT 203.44 557.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 234.58 557.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 263.22 557.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 318.80 557.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 371.06 557.10 Td (general ) Tj ET Q q 0 0 0 rg BT 402.47 557.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 442.21 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.64 557.10 Td (other ) Tj ET Q q 0 0 0 rg BT 481.17 557.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 518.71 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.14 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 550.45 557.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.21 545.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 86.42 545.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 127.74 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.95 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.71 545.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 209.18 545.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 227.17 545.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 255.15 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.36 545.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 287.23 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.99 545.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 322.64 545.10 Td (service ) Tj ET Q q 0 0 0 rg BT 353.39 545.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 400.27 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.14 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.35 545.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 448.11 545.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 482.20 545.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 538.23 545.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 88.71 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 111.99 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.93 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.54 533.10 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 196.82 533.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 234.26 533.10 Td (will ) Tj ET Q q 0 0 0 rg BT 253.09 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 265.81 533.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 310.19 533.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 333.47 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.08 533.10 Td (future ) Tj ET Q q 0 0 0 rg BT 377.23 533.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 433.54 533.10 Td (which ) Tj ET Q q 0 0 0 rg BT 461.25 533.10 Td (will ) Tj ET Q q 0 0 0 rg BT 480.09 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.81 533.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 524.42 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.47 533.10 Td (prevailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 77.67 521.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 124.64 521.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 160.21 521.10 Td (cycles ) Tj ET Q q 0 0 0 rg BT 188.00 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.24 521.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 245.52 521.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 284.71 521.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 328.60 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.84 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 369.18 521.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 399.19 521.10 Td (af) Tj ET Q q 0 0 0 rg BT 406.78 521.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 437.34 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 453.47 521.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 500.42 521.10 Td (many ) Tj ET Q q 0 0 0 rg BT 525.44 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.57 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 563.81 521.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 67.81 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.51 509.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 116.71 509.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 134.63 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 160.88 509.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 181.01 509.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 205.61 509.10 Td (may ) Tj ET Q q 0 0 0 rg BT 225.19 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 237.00 509.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 256.82 509.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 284.74 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.88 509.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 316.69 509.10 Td (all ) Tj ET Q q 0 0 0 rg BT 329.05 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.75 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 355.46 509.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 375.04 509.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 421.86 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.67 509.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 485.46 509.10 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 544.76 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 561.57 509.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 55.82 497.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 90.79 497.10 Td (could ) Tj ET Q q 0 0 0 rg BT 115.78 497.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 160.21 497.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 190.19 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.29 497.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 245.26 497.10 Td (T) Tj ET Q q 0 0 0 rg BT 250.67 497.10 Td (o ) Tj ET Q q 0 0 0 rg BT 258.44 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.43 497.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 300.63 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 318.40 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 332.83 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.81 497.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 377.24 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.79 497.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 412.77 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.87 497.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 483.30 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.40 497.10 Td (it ) Tj ET Q q 0 0 0 rg BT 502.73 497.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 540.49 497.10 Td (due ) Tj ET Q q 0 0 0 rg BT 557.70 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 568.81 497.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 69.23 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.23 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 88.39 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 108.11 485.10 Td (need ) Tj ET Q q 0 0 0 rg BT 129.49 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.76 485.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 179.46 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 195.29 485.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 217.50 485.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 238.88 485.10 Td (new ) Tj ET Q q 0 0 0 rg BT 258.04 485.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 280.26 485.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 296.64 485.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 322.47 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.30 485.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 358.01 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.73 485.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 392.45 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 412.72 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.44 485.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 465.48 485.10 Td (from ) Tj ET Q q 0 0 0 rg BT 487.42 485.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 514.91 485.10 Td (of) Tj ET Q q 0 0 0 rg BT 523.06 485.10 Td (ferings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (If ) Tj ET Q q 0 0 0 rg BT 81.02 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.71 461.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 136.83 461.10 Td (results ) Tj ET Q q 0 0 0 rg BT 165.29 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 179.86 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 194.99 461.10 Td (suf) Tj ET Q q 0 0 0 rg BT 207.03 461.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 234.93 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.07 461.10 Td (service ) Tj ET Q q 0 0 0 rg BT 275.74 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.43 461.10 Td (current ) Tj ET Q q 0 0 0 rg BT 322.10 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.79 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 359.02 461.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 415.54 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 429.55 461.10 Td (will ) Tj ET Q q 0 0 0 rg BT 447.47 461.10 Td (be ) Tj ET Q q 0 0 0 rg BT 459.26 461.10 Td (forced ) Tj ET Q q 0 0 0 rg BT 487.16 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.29 461.10 Td (take ) Tj ET Q q 0 0 0 rg BT 516.31 461.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 546.99 461.10 Td (such ) Tj ET Q q 0 0 0 rg BT 567.68 461.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 72.88 449.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 113.67 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.34 449.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 178.28 449.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 215.16 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.38 449.10 Td (delaying ) Tj ET Q q 0 0 0 rg BT 261.72 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.94 449.10 Td (business ) Tj ET Q q 0 0 0 rg BT 312.73 449.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 353.23 449.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 405.40 449.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 455.07 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.29 449.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 493.84 449.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 549.33 449.10 Td (selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 64.41 437.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 118.08 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.99 437.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 177.10 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.01 437.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.14 437.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 268.43 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.34 437.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 312.47 437.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 355.04 437.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 382.61 437.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 411.84 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.75 437.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 470.32 437.10 Td (protection. ) Tj ET Q q 0 0 0 rg BT 515.75 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 524.39 437.10 Td (e ) Tj ET Q q 0 0 0 rg BT 531.41 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 551.20 437.10 Td (not ) Tj ET Q q 0 0 0 rg BT 566.56 437.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (able ) Tj ET Q q 0 0 0 rg BT 55.16 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 65.43 425.10 Td (ef) Tj ET Q q 0 0 0 rg BT 73.02 425.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 90.51 425.10 Td (any ) Tj ET Q q 0 0 0 rg BT 107.45 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.28 425.10 Td (these ) Tj ET Q q 0 0 0 rg BT 141.32 425.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 179.92 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.42 425.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 241.01 425.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 268.23 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.06 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 288.77 425.10 Td (all.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 127.59 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.03 401.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 164.36 401.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 205.23 401.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 253.87 401.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 286.41 401.10 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 341.16 401.10 Td (clauses ) Tj ET Q q 0 0 0 rg BT 373.15 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 400.69 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.01 401.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 444.11 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.00 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.44 401.10 Td (other ) Tj ET Q q 0 0 0 rg BT 495.09 401.10 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 552.35 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 563.79 401.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (event ) Tj ET Q q 0 0 0 rg BT 59.65 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 69.98 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 76.41 389.10 Td (default ) Tj ET Q q 0 0 0 rg BT 106.17 389.10 Td (by ) Tj ET Q q 0 0 0 rg BT 118.17 389.10 Td (one ) Tj ET Q q 0 0 0 rg BT 134.60 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.93 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 160.25 389.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 209.47 389.10 Td (under ) Tj ET Q q 0 0 0 rg BT 234.23 389.10 Td (one ) Tj ET Q q 0 0 0 rg BT 250.67 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.99 389.10 Td (its ) Tj ET Q q 0 0 0 rg BT 272.44 389.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 291.65 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.98 389.10 Td (other ) Tj ET Q q 0 0 0 rg BT 324.52 389.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 374.55 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 388.20 389.10 Td (could ) Tj ET Q q 0 0 0 rg BT 412.42 389.10 Td (be ) Tj ET Q q 0 0 0 rg BT 423.85 389.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 464.16 389.10 Td (af) Tj ET Q q 0 0 0 rg BT 471.75 389.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 498.17 389.10 Td (by ) Tj ET Q q 0 0 0 rg BT 510.17 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.38 389.10 Td (cross-default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (clauses, ) Tj ET Q q 0 0 0 rg BT 69.88 377.10 Td (even ) Tj ET Q q 0 0 0 rg BT 91.25 377.10 Td (if ) Tj ET Q q 0 0 0 rg BT 99.86 377.10 Td (such ) Tj ET Q q 0 0 0 rg BT 120.69 377.10 Td (default ) Tj ET Q q 0 0 0 rg BT 150.96 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.13 377.10 Td (cured.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 353.10 Td (e ) Tj ET Q q 0 0 0 rg BT 86.83 353.10 Td (may ) Tj ET Q q 0 0 0 rg BT 106.28 353.10 Td (be ) Tj ET Q q 0 0 0 rg BT 117.96 353.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 148.53 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.55 353.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 190.22 353.10 Td (with ) Tj ET Q q 0 0 0 rg BT 210.25 353.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 253.59 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.17 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.86 353.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 306.43 353.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 343.65 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.78 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 372.02 353.10 Td (future ) Tj ET Q q 0 0 0 rg BT 399.82 353.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 439.28 353.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 487.09 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 505.44 353.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 536.57 353.10 Td (operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 54.06 341.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.79 341.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 142.41 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.47 341.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.11 317.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 117.43 317.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 155.41 317.10 Td (impose, ) Tj ET Q q 0 0 0 rg BT 190.36 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.35 317.10 Td (future ) Tj ET Q q 0 0 0 rg BT 235.78 317.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.32 317.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 322.32 317.10 Td (may ) Tj ET Q q 0 0 0 rg BT 343.09 317.10 Td (impose, ) Tj ET Q q 0 0 0 rg BT 378.04 317.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 419.35 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.35 317.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 475.89 317.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 523.88 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 537.43 317.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 552.12 317.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 82.93 305.10 Td (may ) Tj ET Q q 0 0 0 rg BT 102.65 305.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 136.82 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.65 305.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 189.02 305.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 210.41 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.24 305.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 254.30 305.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 267.07 305.10 Td (among ) Tj ET Q q 0 0 0 rg BT 296.79 305.10 Td (other ) Tj ET Q q 0 0 0 rg BT 319.84 305.10 Td (things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 281.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 281.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 130.49 281.10 Td (into ) Tj ET Q q 0 0 0 rg BT 148.54 281.10 Td (other ) Tj ET Q q 0 0 0 rg BT 171.59 281.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 211.85 281.10 Td (arrangements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 266.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 266.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 131.05 266.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 173.54 266.10 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 251.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 251.10 Td (create ) Tj ET Q q 0 0 0 rg BT 134.36 251.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.19 251.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 173.80 251.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 195.18 251.10 Td (on ) Tj ET Q q 0 0 0 rg BT 207.68 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.51 251.10 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 236.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 236.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 124.39 236.10 Td (our ) Tj ET Q q 0 0 0 rg BT 140.22 236.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 172.16 236.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 189.66 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 200.49 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.21 236.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.70 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.53 236.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.36 236.10 Td (subsidiaries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 221.10 Td (make ) Tj ET Q q 0 0 0 rg BT 132.16 221.10 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 206.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 206.10 Td (change ) Tj ET Q q 0 0 0 rg BT 138.82 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.53 206.10 Td (general ) Tj ET Q q 0 0 0 rg BT 185.46 206.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 212.94 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.77 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.60 206.10 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 191.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 191.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 124.94 191.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 166.33 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.60 191.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.43 191.10 Td (shareholders;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 176.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 176.10 Td (change ) Tj ET Q q 0 0 0 rg BT 138.82 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.53 176.10 Td (management ) Tj ET Q q 0 0 0 rg BT 207.12 176.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 235.17 176.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 279.33 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.16 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.88 176.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 336.82 176.10 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 161.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 161.10 Td (make ) Tj ET Q q 0 0 0 rg BT 132.16 161.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.31 161.10 Td (expenditures; ) Tj ET Q q 0 0 0 rg BT 217.68 161.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 146.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 146.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 144.37 146.10 Td (ef) Tj ET Q q 0 0 0 rg BT 151.96 146.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 189.44 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.72 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.44 146.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 241.37 146.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.20 146.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 306.91 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.62 146.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 352.44 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.72 146.10 Td (less ) Tj ET Q q 0 0 0 rg BT 380.22 146.10 Td (onerous ) Tj ET Q q 0 0 0 rg BT 414.38 146.10 Td (restrictions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 119.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.39 119.10 Td (more ) Tj ET Q q 0 0 0 rg BT 111.44 119.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 163.65 119.10 Td (see ) Tj ET Q q 0 0 0 rg BT 178.92 119.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 204.18 119.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 214.18 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.68 119.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 259.17 119.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 298.88 119.10 Td (Review ) Tj ET Q q 0 0 0 rg BT 331.93 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.87 119.10 Td (Prospects-B. ) Tj ET Q q 0 0 0 rg BT 404.50 119.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 444.23 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.17 119.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 492.55 119.10 Td (Resources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 95.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.45 95.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 120.91 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.59 95.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 166.49 95.10 Td (with ) Tj ET Q q 0 0 0 rg BT 188.17 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.29 95.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 252.62 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.96 95.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 317.35 95.10 Td (including ) Tj ET Q q 0 0 0 rg BT 359.03 95.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 397.91 95.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 424.03 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.37 95.10 Td (tests, ) Tj ET Q q 0 0 0 rg BT 466.55 95.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 509.32 95.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.00 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.24 95.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 83.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 84.15 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.43 83.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 137.14 83.10 Td (on ) Tj ET Q q 0 0 0 rg BT 149.75 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.69 83.10 Td (future ) Tj ET Q q 0 0 0 rg BT 192.19 83.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 245.32 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.37 83.10 Td (may ) Tj ET Q q 0 0 0 rg BT 282.20 83.10 Td (be ) Tj ET Q q 0 0 0 rg BT 294.26 83.10 Td (af) Tj ET Q q 0 0 0 rg BT 301.84 83.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 328.88 83.10 Td (by ) Tj ET Q q 0 0 0 rg BT 341.50 83.10 Td (events ) Tj ET Q q 0 0 0 rg BT 369.66 83.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 401.71 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.65 83.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 451.09 83.10 Td (including ) Tj ET Q q 0 0 0 rg BT 491.48 83.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 534.63 83.10 Td (economic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 71.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 74.29 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.05 71.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 128.14 71.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 175.62 71.10 Td (If ) Tj ET Q q 0 0 0 rg BT 185.59 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.13 71.10 Td (market ) Tj ET Q q 0 0 0 rg BT 232.20 71.10 Td (value ) Tj ET Q q 0 0 0 rg BT 257.17 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.82 71.10 Td (any ) Tj ET Q q 0 0 0 rg BT 286.57 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.22 71.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.86 71.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 347.62 71.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 365.93 71.10 Td (declines, ) Tj ET Q q 0 0 0 rg BT 404.51 71.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.16 71.10 Td (if ) Tj ET Q q 0 0 0 rg BT 425.58 71.10 Td (market ) Tj ET Q q 0 0 0 rg BT 456.66 71.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.30 71.10 Td (other ) Tj ET Q q 0 0 0 rg BT 492.16 71.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 534.35 71.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 59.10 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 83.69 59.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.46 59.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 127.46 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.68 59.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 170.12 59.10 Td (with ) Tj ET Q q 0 0 0 rg BT 190.34 59.10 Td (these ) Tj ET Q q 0 0 0 rg BT 213.33 59.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 255.76 59.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.42 59.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.30 59.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 327.78 59.10 Td (If ) Tj ET Q q 0 0 0 rg BT 336.89 59.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.99 59.10 Td (are ) Tj ET Q q 0 0 0 rg BT 365.64 59.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 394.74 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.96 59.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 437.40 59.10 Td (with ) Tj ET Q q 0 0 0 rg BT 457.62 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.28 59.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 519.15 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.04 59.10 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 47.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.08 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 60.59 47.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 108.42 47.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 151.27 47.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.90 47.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 220.85 47.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.48 47.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.56 47.10 Td (current ) Tj ET Q q 0 0 0 rg BT 272.17 47.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.80 47.10 Td (future ) Tj ET Q q 0 0 0 rg BT 308.98 47.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 328.49 47.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 368.56 47.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 418.89 47.10 Td (there ) Tj ET Q q 0 0 0 rg BT 441.17 47.10 Td (could ) Tj ET Q q 0 0 0 rg BT 465.69 47.10 Td (be ) Tj ET Q q 0 0 0 rg BT 477.42 47.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.16 47.10 Td (default ) Tj ET Q q 0 0 0 rg BT 514.22 47.10 Td (under ) Tj ET Q q 0 0 0 rg BT 539.29 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 553.81 47.10 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.53 749.10 Td (those ) Tj ET Q q 0 0 0 rg BT 69.85 749.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 120.08 749.10 Td (If ) Tj ET Q q 0 0 0 rg BT 128.95 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.59 749.10 Td (default ) Tj ET Q q 0 0 0 rg BT 165.56 749.10 Td (occurs ) Tj ET Q q 0 0 0 rg BT 193.86 749.10 Td (under ) Tj ET Q q 0 0 0 rg BT 218.84 749.10 Td (these ) Tj ET Q q 0 0 0 rg BT 241.59 749.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 291.83 749.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 322.91 749.10 Td (could ) Tj ET Q q 0 0 0 rg BT 347.33 749.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 387.29 749.10 Td (their ) Tj ET Q q 0 0 0 rg BT 407.82 749.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 464.46 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.45 749.10 Td (lend ) Tj ET Q q 0 0 0 rg BT 493.87 749.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 521.62 749.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 563.78 749.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 84.94 737.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 108.33 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.04 737.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 156.18 737.10 Td (all ) Tj ET Q q 0 0 0 rg BT 168.45 737.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 204.62 737.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 245.21 737.10 Td (due ) Tj ET Q q 0 0 0 rg BT 261.93 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.65 737.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 314.35 737.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.99 737.10 Td (e ) Tj ET Q q 0 0 0 rg BT 329.70 737.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 358.64 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.24 737.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 405.96 737.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 423.24 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.85 737.10 Td (security ) Tj ET Q q 0 0 0 rg BT 467.78 737.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.72 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 497.32 737.10 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 553.76 737.10 Td (If ) Tj ET Q q 0 0 0 rg BT 562.69 737.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 67.51 725.10 Td (were ) Tj ET Q q 0 0 0 rg BT 89.58 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.99 725.10 Td (foreclose ) Tj ET Q q 0 0 0 rg BT 139.28 725.10 Td (on ) Tj ET Q q 0 0 0 rg BT 151.91 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.88 725.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 199.96 725.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 217.60 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.01 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.87 725.10 Td (event ) Tj ET Q q 0 0 0 rg BT 267.16 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.12 725.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.20 725.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 318.10 725.10 Td (this ) Tj ET Q q 0 0 0 rg BT 335.18 725.10 Td (may ) Tj ET Q q 0 0 0 rg BT 355.04 725.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 395.99 725.10 Td (af) Tj ET Q q 0 0 0 rg BT 403.58 725.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 421.20 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.17 725.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 465.36 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.77 725.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 507.83 725.10 Td (future ) Tj ET Q q 0 0 0 rg BT 534.34 725.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 47.66 713.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 77.64 713.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 103.73 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.39 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.50 713.10 Td (engage, ) Tj ET Q q 0 0 0 rg BT 160.64 713.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 192.84 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 204.50 713.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 234.49 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.15 713.10 Td (business ) Tj ET Q q 0 0 0 rg BT 288.37 713.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 330.29 713.10 Td (In ) Tj ET Q q 0 0 0 rg BT 341.95 713.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 380.55 713.10 Td (all ) Tj ET Q q 0 0 0 rg BT 393.87 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.53 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.19 713.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 442.73 713.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 491.59 713.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 524.35 713.10 Td (cross-default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 83.01 701.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 120.29 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.12 701.10 Td (if ) Tj ET Q q 0 0 0 rg BT 147.07 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 161.58 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 176.63 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.25 701.10 Td (default ) Tj ET Q q 0 0 0 rg BT 217.85 701.10 Td (under ) Tj ET Q q 0 0 0 rg BT 243.46 701.10 Td (one ) Tj ET Q q 0 0 0 rg BT 260.74 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.91 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.08 701.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 308.14 701.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 359.02 701.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 395.75 701.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 445.25 701.10 Td (under ) Tj ET Q q 0 0 0 rg BT 470.86 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.04 701.10 Td (other ) Tj ET Q q 0 0 0 rg BT 510.42 701.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 530.48 701.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 55.85 689.10 Td (also ) Tj ET Q q 0 0 0 rg BT 74.59 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 86.66 689.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 134.25 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.32 689.10 Td (become ) Tj ET Q q 0 0 0 rg BT 185.04 689.10 Td (due ) Tj ET Q q 0 0 0 rg BT 202.11 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.18 689.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 255.41 689.10 Td (If ) Tj ET Q q 0 0 0 rg BT 264.70 689.10 Td (any ) Tj ET Q q 0 0 0 rg BT 281.77 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.73 689.10 Td (these ) Tj ET Q q 0 0 0 rg BT 315.91 689.10 Td (events ) Tj ET Q q 0 0 0 rg BT 344.09 689.10 Td (occur) Tj ET Q q 0 0 0 rg BT 365.90 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 371.03 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.99 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.95 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 432.80 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.87 689.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 464.69 689.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 492.87 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.28 689.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 528.11 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.52 689.10 Td (full ) Tj ET Q q 0 0 0 rg BT 555.04 689.10 Td (all ) Tj ET Q q 0 0 0 rg BT 567.67 689.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.34 677.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 102.01 677.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 159.17 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.62 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 191.28 677.10 Td (may ) Tj ET Q q 0 0 0 rg BT 211.51 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.95 677.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 253.61 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.40 677.10 Td (find ) Tj ET Q q 0 0 0 rg BT 283.51 677.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 328.72 677.10 Td (financing. ) Tj ET Q q 0 0 0 rg BT 371.99 677.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 395.54 677.10 Td (if ) Tj ET Q q 0 0 0 rg BT 404.66 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 419.33 677.10 Td (could ) Tj ET Q q 0 0 0 rg BT 444.55 677.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 472.55 677.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 517.75 677.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 561.03 677.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 76.40 665.10 Td (might ) Tj ET Q q 0 0 0 rg BT 102.38 665.10 Td (not ) Tj ET Q q 0 0 0 rg BT 117.79 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 129.87 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 142.51 665.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 167.36 665.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.99 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 199.29 665.10 Td (find ) Tj ET Q q 0 0 0 rg BT 218.04 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.88 665.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 273.28 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 284.25 665.10 Td (acceptable. ) Tj ET Q q 0 0 0 rg BT 330.99 665.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 350.85 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.82 665.10 Td (these ) Tj ET Q q 0 0 0 rg BT 385.00 665.10 Td (events ) Tj ET Q q 0 0 0 rg BT 413.19 665.10 Td (would ) Tj ET Q q 0 0 0 rg BT 440.82 665.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 481.78 665.10 Td (af) Tj ET Q q 0 0 0 rg BT 489.37 665.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 506.99 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.96 665.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 551.15 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 561.56 665.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 77.40 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.68 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.52 653.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 156.57 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.51 653.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 198.23 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.18 653.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 236.56 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.85 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.57 653.10 Td (market ) Tj ET Q q 0 0 0 rg BT 291.84 653.10 Td (price ) Tj ET Q q 0 0 0 rg BT 314.34 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.18 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 341.02 653.10 Td (common ) Tj ET Q q 0 0 0 rg BT 378.52 653.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 408.52 653.10 Td (See ) Tj ET Q q 0 0 0 rg BT 425.47 653.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 450.74 653.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 460.75 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.26 653.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 505.75 653.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 545.47 653.10 Td (Review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 641.10 Td (Prospects-B. ) Tj ET Q q 0 0 0 rg BT 108.58 641.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 148.30 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.24 641.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 196.62 641.10 Td (Resources.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 617.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 106.83 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.32 617.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 151.47 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 172.97 617.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 217.79 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.06 617.10 Td (other ) Tj ET Q q 0 0 0 rg BT 262.44 617.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 308.39 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.44 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 338.61 617.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 374.55 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.15 617.10 Td (future ) Tj ET Q q 0 0 0 rg BT 416.42 617.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 437.35 617.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 490.78 617.10 Td (including ) Tj ET Q q 0 0 0 rg BT 533.95 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.44 617.10 Td (senior ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 81.57 605.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 108.53 605.10 Td (could ) Tj ET Q q 0 0 0 rg BT 134.09 605.10 Td (result ) Tj ET Q q 0 0 0 rg BT 160.22 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.35 605.10 Td (cross-defaults ) Tj ET Q q 0 0 0 rg BT 231.36 605.10 Td (under ) Tj ET Q q 0 0 0 rg BT 258.60 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.84 605.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 310.85 605.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 330.85 605.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 383.36 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 411.15 605.10 Td (would ) Tj ET Q q 0 0 0 rg BT 438.95 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 461.18 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.96 605.10 Td (material ) Tj ET Q q 0 0 0 rg BT 506.19 605.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 540.08 605.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.67 605.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 565.44 605.10 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.31 569.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 124.74 569.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 144.72 569.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 193.01 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.21 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 236.85 569.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 256.83 569.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 305.12 569.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 337.31 569.10 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 391.72 569.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 436.15 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 453.91 569.10 Td (may ) Tj ET Q q 0 0 0 rg BT 473.89 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 486.09 569.10 Td (triggered ) Tj ET Q q 0 0 0 rg BT 524.94 569.10 Td (if ) Tj ET Q q 0 0 0 rg BT 533.81 569.10 Td (we ) Tj ET Q q 0 0 0 rg BT 548.23 569.10 Td (default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (under ) Tj ET Q q 0 0 0 rg BT 61.62 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.69 557.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 101.76 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.95 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.13 557.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 163.65 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.84 557.10 Td (future ) Tj ET Q q 0 0 0 rg BT 201.57 557.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 242.18 557.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 293.07 557.10 Td (See ) Tj ET Q q 0 0 0 rg BT 310.36 557.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 335.98 557.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 346.33 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.19 557.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 392.03 557.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 432.09 557.10 Td (Review ) Tj ET Q q 0 0 0 rg BT 465.49 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.79 557.10 Td (Prospects-B. ) Tj ET Q q 0 0 0 rg BT 538.78 557.10 Td (Liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.67 545.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 83.78 545.10 Td (Resources. ) Tj ET Q q 0 0 0 rg BT 134.05 545.10 Td (In ) Tj ET Q q 0 0 0 rg BT 144.61 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.06 545.10 Td (event ) Tj ET Q q 0 0 0 rg BT 182.94 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.50 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.17 545.10 Td (default ) Tj ET Q q 0 0 0 rg BT 230.17 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.40 545.10 Td (us ) Tj ET Q q 0 0 0 rg BT 253.52 545.10 Td (under ) Tj ET Q q 0 0 0 rg BT 278.52 545.10 Td (one ) Tj ET Q q 0 0 0 rg BT 295.19 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.75 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.31 545.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 340.75 545.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 391.02 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.46 545.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 436.57 545.10 Td (under ) Tj ET Q q 0 0 0 rg BT 461.57 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.13 545.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 511.03 545.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 530.47 545.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (could ) Tj ET Q q 0 0 0 rg BT 60.47 533.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 102.70 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 119.95 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.86 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.31 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.34 533.10 Td (default ) Tj ET Q q 0 0 0 rg BT 188.36 533.10 Td (under ) Tj ET Q q 0 0 0 rg BT 213.38 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.96 533.10 Td (other ) Tj ET Q q 0 0 0 rg BT 251.76 533.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 291.77 533.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 341.89 533.10 Td (This ) Tj ET Q q 0 0 0 rg BT 361.92 533.10 Td (could ) Tj ET Q q 0 0 0 rg BT 386.39 533.10 Td (result ) Tj ET Q q 0 0 0 rg BT 410.86 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.89 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.35 533.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 485.90 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.48 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.95 533.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 547.08 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.66 533.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 55.51 521.10 Td (under ) Tj ET Q q 0 0 0 rg BT 80.57 521.10 Td (these ) Tj ET Q q 0 0 0 rg BT 103.40 521.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 151.22 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.95 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.46 521.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 213.63 521.10 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 258.67 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 278.18 521.10 Td (foreclose ) Tj ET Q q 0 0 0 rg BT 317.11 521.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 339.40 521.10 Td (any ) Tj ET Q q 0 0 0 rg BT 356.13 521.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 395.62 521.10 Td (securing ) Tj ET Q q 0 0 0 rg BT 431.79 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.07 521.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 471.08 521.10 Td (including ) Tj ET Q q 0 0 0 rg BT 511.14 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.76 521.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 558.50 521.10 Td (rigs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (even ) Tj ET Q q 0 0 0 rg BT 57.27 509.10 Td (if ) Tj ET Q q 0 0 0 rg BT 65.77 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 79.82 509.10 Td (were ) Tj ET Q q 0 0 0 rg BT 101.64 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.81 509.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 166.42 509.10 Td (cure ) Tj ET Q q 0 0 0 rg BT 186.02 509.10 Td (such ) Tj ET Q q 0 0 0 rg BT 206.74 509.10 Td (default. ) Tj ET Q q 0 0 0 rg BT 239.39 509.10 Td (In ) Tj ET Q q 0 0 0 rg BT 250.12 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.72 509.10 Td (event ) Tj ET Q q 0 0 0 rg BT 288.77 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.49 509.10 Td (such ) Tj ET Q q 0 0 0 rg BT 320.21 509.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 370.90 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.73 509.10 Td (foreclosure, ) Tj ET Q q 0 0 0 rg BT 437.60 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 451.65 509.10 Td (might ) Tj ET Q q 0 0 0 rg BT 477.38 509.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.55 509.10 Td (have ) Tj ET Q q 0 0 0 rg BT 513.82 509.10 Td (suf) Tj ET Q q 0 0 0 rg BT 525.86 509.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 553.79 509.10 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 47.35 497.10 Td (other ) Tj ET Q q 0 0 0 rg BT 70.92 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 97.27 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.07 497.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 137.19 497.10 Td (all ) Tj ET Q q 0 0 0 rg BT 150.21 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.56 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.91 497.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 227.87 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.33 497.10 Td (would ) Tj ET Q q 0 0 0 rg BT 283.35 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 305.25 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.71 497.10 Td (material ) Tj ET Q q 0 0 0 rg BT 348.49 497.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 382.04 497.10 Td (ef) Tj ET Q q 0 0 0 rg BT 389.63 497.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 407.64 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 420.66 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.01 497.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 476.42 497.10 Td (results ) Tj ET Q q 0 0 0 rg BT 505.55 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.90 497.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 561.57 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 73.01 485.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 112.82 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.29 485.10 Td (would ) Tj ET Q q 0 0 0 rg BT 156.32 485.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 208.34 485.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 237.02 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.38 485.10 Td (ability) Tj ET Q q 0 0 0 rg BT 277.28 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 281.81 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.17 485.10 Td (make ) Tj ET Q q 0 0 0 rg BT 315.86 485.10 Td (us ) Tj ET Q q 0 0 0 rg BT 326.78 485.10 Td (unable, ) Tj ET Q q 0 0 0 rg BT 357.97 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.78 485.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 384.25 485.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 425.17 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.97 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 450.34 485.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 502.90 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.60 485.10 Td (so ) Tj ET Q q 0 0 0 rg BT 527.52 485.10 Td (long ) Tj ET Q q 0 0 0 rg BT 547.33 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.69 485.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (default ) Tj ET Q q 0 0 0 rg BT 66.41 473.10 Td (is ) Tj ET Q q 0 0 0 rg BT 75.73 473.10 Td (continuing. ) Tj ET Q q 0 0 0 rg BT 123.65 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 134.63 473.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 172.56 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 186.86 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 201.72 473.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 232.69 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.12 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 272.97 473.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.60 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.69 473.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 370.32 473.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 412.95 473.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 454.47 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.90 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.77 473.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 520.18 473.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 553.37 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.80 473.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td ($600 ) Tj ET Q q 0 0 0 rg BT 59.08 461.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 92.16 461.10 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 121.06 461.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 150.25 461.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 196.08 461.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 222.49 461.10 Td (due ) Tj ET Q q 0 0 0 rg BT 240.00 461.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 265.58 461.10 Td (among ) Tj ET Q q 0 0 0 rg BT 295.87 461.10 Td (other ) Tj ET Q q 0 0 0 rg BT 319.50 461.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 349.52 461.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 380.36 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.77 461.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 425.39 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.25 461.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 453.76 461.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 498.23 461.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 521.85 461.10 Td (indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 58.31 449.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 81.47 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.67 449.10 Td (make ) Tj ET Q q 0 0 0 rg BT 121.10 449.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 150.07 449.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 202.11 449.10 Td (In ) Tj ET Q q 0 0 0 rg BT 212.21 449.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 249.25 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.23 449.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 302.76 449.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 345.08 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.06 449.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 385.27 449.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 427.57 449.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 450.45 449.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 485.54 449.10 Td (other ) Tj ET Q q 0 0 0 rg BT 507.86 449.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 551.28 449.10 Td (terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (including ) Tj ET Q q 0 0 0 rg BT 75.84 437.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 105.11 437.10 Td (events ) Tj ET Q q 0 0 0 rg BT 132.72 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.11 437.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 175.44 437.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 197.51 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.79 437.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 257.71 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.10 437.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 297.11 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.39 437.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 334.56 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 353.85 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.35 437.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 401.28 437.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 453.33 437.10 Td (due ) Tj ET Q q 0 0 0 rg BT 469.83 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.34 437.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 522.00 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.61 437.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 573.51 437.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 50.06 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.67 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.51 425.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 115.55 425.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 163.49 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 188.66 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.28 425.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 247.33 425.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 280.27 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.45 425.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 324.33 425.10 Td (s ) Tj ET Q q 0 0 0 rg BT 330.63 425.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 360.53 425.10 Td (million ) Tj ET Q q 0 0 0 rg BT 391.82 425.10 Td (5) Tj ET Q BT /F1 5.00 Tf ET BT /F1 3.25 Tf ET q 0 0 0 rg BT 396.82 427.37 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.26 425.10 Td (/) Tj ET Q BT /F1 5.00 Tf ET BT /F1 3.25 Tf ET q 0 0 0 rg BT 402.03 424.38 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.66 425.10 Td (% ) Tj ET Q q 0 0 0 rg BT 414.39 425.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 442.90 425.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 468.63 425.10 Td (due ) Tj ET Q q 0 0 0 rg BT 485.47 425.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 507.87 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.70 425.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 547.10 425.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (6) Tj ET Q BT /F1 5.00 Tf ET BT /F1 3.25 Tf ET q 0 0 0 rg BT 41.00 415.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.44 413.10 Td (/) Tj ET Q BT /F1 5.00 Tf ET BT /F1 3.25 Tf ET q 0 0 0 rg BT 46.22 412.38 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.84 413.10 Td (% ) Tj ET Q q 0 0 0 rg BT 58.65 413.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 87.23 413.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 113.03 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 129.95 413.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 154.74 413.10 Td (While ) Tj ET Q q 0 0 0 rg BT 181.65 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.78 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.47 413.10 Td (not ) Tj ET Q q 0 0 0 rg BT 225.72 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.63 413.10 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 273.42 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.23 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.92 413.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 322.50 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.31 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.22 413.10 Td (party ) Tj ET Q q 0 0 0 rg BT 363.24 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.49 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.19 413.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 432.31 413.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 465.05 413.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 498.63 413.10 Td (has ) Tj ET Q q 0 0 0 rg BT 514.44 413.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 543.56 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.81 413.10 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (us ) Tj ET Q q 0 0 0 rg BT 47.66 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.20 401.10 Td (comport ) Tj ET Q q 0 0 0 rg BT 94.29 401.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.83 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.81 401.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 177.01 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 189.77 401.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 234.17 401.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 288.59 401.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 330.23 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.77 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.75 401.10 Td (indentures. ) Tj ET Q q 0 0 0 rg BT 402.06 401.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 451.40 401.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.66 401.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 490.53 401.10 Td (may ) Tj ET Q q 0 0 0 rg BT 510.51 401.10 Td (use ) Tj ET Q q 0 0 0 rg BT 526.60 401.10 Td (its ) Tj ET Q q 0 0 0 rg BT 538.81 401.10 Td (influence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (over ) Tj ET Q q 0 0 0 rg BT 56.05 389.10 Td (us ) Tj ET Q q 0 0 0 rg BT 67.22 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.28 389.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 107.32 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.93 389.10 Td (ability) Tj ET Q q 0 0 0 rg BT 147.84 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.62 389.10 Td (among ) Tj ET Q q 0 0 0 rg BT 182.11 389.10 Td (other ) Tj ET Q q 0 0 0 rg BT 204.94 389.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 234.17 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.23 389.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 267.05 389.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 309.33 389.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 331.32 389.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 348.04 389.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 389.21 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 399.82 389.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 422.10 389.10 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 469.63 389.10 Td (if ) Tj ET Q q 0 0 0 rg BT 478.02 389.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 511.41 389.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.36 389.10 Td (required ) Tj ET Q q 0 0 0 rg BT 555.95 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 566.01 389.10 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (so ) Tj ET Q q 0 0 0 rg BT 47.20 377.10 Td (under ) Tj ET Q q 0 0 0 rg BT 72.28 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.81 377.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 111.34 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.98 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.51 377.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 180.47 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.44 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.97 377.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 234.72 377.10 Td (W) Tj ET Q q 0 0 0 rg BT 243.36 377.10 Td (e ) Tj ET Q q 0 0 0 rg BT 250.11 377.10 Td (also ) Tj ET Q q 0 0 0 rg BT 268.53 377.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 316.38 377.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 333.24 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.56 377.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 360.65 377.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 379.34 377.10 Td (into ) Tj ET Q q 0 0 0 rg BT 397.21 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.85 377.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 450.14 377.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 494.67 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 505.31 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.06 377.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 546.57 377.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (entity) Tj ET Q q 0 0 0 rg BT 58.12 365.10 Td (, ) Tj ET Q q 0 0 0 rg BT 62.90 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 73.35 365.10 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 94.79 365.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 111.65 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.93 365.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 138.99 365.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 157.66 365.10 Td (is ) Tj ET Q q 0 0 0 rg BT 166.61 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.33 365.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 216.71 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.32 365.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 247.94 365.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 281.88 365.10 Td (International ) Tj ET Q q 0 0 0 rg BT 335.25 365.10 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 353.92 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.53 365.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 385.15 365.10 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 421.58 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.86 365.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 462.25 365.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.75 365.10 Td (W) Tj ET Q q 0 0 0 rg BT 484.16 365.10 Td (est ) Tj ET Q q 0 0 0 rg BT 497.55 365.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.78 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 524.40 365.10 Td (T) Tj ET Q q 0 0 0 rg BT 529.81 365.10 Td (o ) Tj ET Q q 0 0 0 rg BT 537.09 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.58 365.10 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 54.70 353.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 71.56 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.26 353.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 101.73 353.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 121.82 353.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 157.18 353.10 Td (under ) Tj ET Q q 0 0 0 rg BT 183.65 353.10 Td (its ) Tj ET Q q 0 0 0 rg BT 196.79 353.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 252.15 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.29 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.66 353.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 314.34 353.10 Td (current ) Tj ET Q q 0 0 0 rg BT 346.36 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.84 353.10 Td (its ) Tj ET Q q 0 0 0 rg BT 370.99 353.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.67 353.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 458.08 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 473.44 353.10 Td (would ) Tj ET Q q 0 0 0 rg BT 502.14 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.62 353.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 533.43 353.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 557.67 353.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 90.82 341.10 Td (current ) Tj ET Q q 0 0 0 rg BT 122.31 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.26 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.75 341.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 203.47 341.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.62 341.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 289.27 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 307.98 341.10 Td (characterization ) Tj ET Q q 0 0 0 rg BT 374.99 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.49 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.88 341.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 456.70 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.65 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 484.15 341.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.30 341.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 567.68 341.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (current ) Tj ET Q q 0 0 0 rg BT 66.82 329.10 Td (may ) Tj ET Q q 0 0 0 rg BT 86.53 329.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 127.35 329.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 157.06 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.89 329.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 221.48 329.10 Td (with ) Tj ET Q q 0 0 0 rg BT 241.76 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.47 329.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 298.96 329.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 340.33 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.61 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 366.44 329.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 400.60 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.54 329.10 Td (future ) Tj ET Q q 0 0 0 rg BT 443.92 329.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 463.64 329.10 Td (agreements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 123.40 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.24 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.19 305.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 170.91 305.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 220.62 305.10 Td (may ) Tj ET Q q 0 0 0 rg BT 240.34 305.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 273.39 305.10 Td (us ) Tj ET Q q 0 0 0 rg BT 285.34 305.10 Td (from ) Tj ET Q q 0 0 0 rg BT 307.84 305.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 338.12 305.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 379.50 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.78 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.74 305.10 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 281.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 126.98 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.81 281.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 175.85 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.79 281.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 224.72 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.22 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.05 281.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 272.77 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 290.83 281.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 319.97 281.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.24 281.10 Td (available ) Tj ET Q q 0 0 0 rg BT 378.83 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.99 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.71 281.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 444.64 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.47 281.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 496.86 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.14 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.97 281.10 Td (shareholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (In ) Tj ET Q q 0 0 0 rg BT 46.69 269.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 84.33 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.03 269.10 Td (current ) Tj ET Q q 0 0 0 rg BT 130.71 269.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 150.29 269.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 198.19 269.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 229.98 269.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 274.02 269.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 293.88 269.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 316.24 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.83 269.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 377.04 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.74 269.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 417.30 269.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 447.72 269.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 476.18 269.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 507.43 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.57 269.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 557.69 269.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 93.95 257.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 123.01 257.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 166.48 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.21 257.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 232.39 257.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 257.01 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.96 257.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 307.34 257.10 Td (all ) Tj ET Q q 0 0 0 rg BT 320.85 257.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 358.25 257.10 Td (due ) Tj ET Q q 0 0 0 rg BT 376.20 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.15 257.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 431.26 257.10 Td (which ) Tj ET Q q 0 0 0 rg BT 459.21 257.10 Td (may ) Tj ET Q q 0 0 0 rg BT 479.94 257.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 513.44 257.10 Td (us ) Tj ET Q q 0 0 0 rg BT 525.84 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 548.79 257.10 Td (paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 77.39 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.67 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.50 245.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 158.85 245.10 Td (These ) Tj ET Q q 0 0 0 rg BT 185.23 245.10 Td (events ) Tj ET Q q 0 0 0 rg BT 213.28 245.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 247.71 245.10 Td (among ) Tj ET Q q 0 0 0 rg BT 277.43 245.10 Td (others:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 221.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 143.53 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.81 221.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 170.75 221.10 Td (any ) Tj ET Q q 0 0 0 rg BT 187.69 221.10 Td (principal, ) Tj ET Q q 0 0 0 rg BT 228.23 221.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 262.66 221.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 283.76 221.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 322.36 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.19 221.10 Td (other ) Tj ET Q q 0 0 0 rg BT 356.24 221.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 392.62 221.10 Td (when ) Tj ET Q q 0 0 0 rg BT 416.78 221.10 Td (due;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 206.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.24 206.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 155.59 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.72 206.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 211.51 206.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 251.96 206.10 Td (us ) Tj ET Q q 0 0 0 rg BT 264.66 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.24 206.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 315.03 206.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 346.03 206.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 373.16 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.29 206.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 427.40 206.10 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 469.79 206.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 512.48 206.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 550.17 206.10 Td (levels, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 194.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 149.39 194.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 181.33 194.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 219.91 194.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 244.63 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.56 194.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 302.96 194.10 Td (current ) Tj ET Q q 0 0 0 rg BT 333.77 194.10 Td (ratios;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 179.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.66 179.10 Td (default ) Tj ET Q q 0 0 0 rg BT 146.65 179.10 Td (under ) Tj ET Q q 0 0 0 rg BT 172.64 179.10 Td (any ) Tj ET Q q 0 0 0 rg BT 190.30 179.10 Td (other ) Tj ET Q q 0 0 0 rg BT 214.07 179.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 255.07 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.62 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.06 179.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 323.05 179.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 370.41 179.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.96 179.10 Td (well ) Tj ET Q q 0 0 0 rg BT 402.40 179.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.96 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.62 179.10 Td (default ) Tj ET Q q 0 0 0 rg BT 452.60 179.10 Td (under ) Tj ET Q q 0 0 0 rg BT 478.60 179.10 Td (any ) Tj ET Q q 0 0 0 rg BT 496.26 179.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 537.26 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.81 179.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 167.10 Td (security ) Tj ET Q q 0 0 0 rg BT 142.16 167.10 Td (documents;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 152.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 152.10 Td (material ) Tj ET Q q 0 0 0 rg BT 150.20 152.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 179.34 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.17 152.10 Td (any ) Tj ET Q q 0 0 0 rg BT 207.11 152.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 266.25 152.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.08 152.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 315.12 152.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 356.49 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.77 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.49 152.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 425.08 152.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 465.34 152.10 Td (agreement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 137.10 Td (default ) Tj ET Q q 0 0 0 rg BT 145.20 137.10 Td (under ) Tj ET Q q 0 0 0 rg BT 170.47 137.10 Td (other ) Tj ET Q q 0 0 0 rg BT 193.52 137.10 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 122.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 122.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 122.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 143.53 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.81 122.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 186.31 122.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.58 122.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.52 122.10 Td (final ) Tj ET Q q 0 0 0 rg BT 234.35 122.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 256.28 122.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 296.55 122.10 Td (from ) Tj ET Q q 0 0 0 rg BT 318.49 122.10 Td (a ) Tj ET Q q 0 0 0 rg BT 325.43 122.10 Td (court ) Tj ET Q q 0 0 0 rg BT 348.48 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.31 122.10 Td (competent ) Tj ET Q q 0 0 0 rg BT 403.46 122.10 Td (jurisdiction;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 107.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 107.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 107.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 162.42 107.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.25 107.10 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 219.08 107.10 Td (event;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 92.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 92.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.94 92.10 Td (suspension ) Tj ET Q q 0 0 0 rg BT 161.33 92.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.16 92.10 Td (cessation ) Tj ET Q q 0 0 0 rg BT 211.32 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.15 92.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.98 92.10 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 77.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.67 77.10 Td (destruction ) Tj ET Q q 0 0 0 rg BT 169.56 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.35 77.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 236.67 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.46 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.24 77.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 291.53 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 302.31 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.99 77.10 Td (seizure ) Tj ET Q q 0 0 0 rg BT 347.76 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.54 77.10 Td (appropriation ) Tj ET Q q 0 0 0 rg BT 414.87 77.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 445.64 77.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.09 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 474.99 77.10 Td (governmental, ) Tj ET Q q 0 0 0 rg BT 534.92 77.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.61 65.10 Td (other ) Tj ET Q q 0 0 0 rg BT 141.44 65.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 179.83 65.10 Td (if ) Tj ET Q q 0 0 0 rg BT 188.22 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.72 65.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 233.88 65.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 276.14 65.10 Td (such ) Tj ET Q q 0 0 0 rg BT 296.75 65.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 342.89 65.10 Td (could ) Tj ET Q q 0 0 0 rg BT 367.39 65.10 Td (have ) Tj ET Q q 0 0 0 rg BT 388.55 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 395.27 65.10 Td (material ) Tj ET Q q 0 0 0 rg BT 430.31 65.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 463.13 65.10 Td (ef) Tj ET Q q 0 0 0 rg BT 470.72 65.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 487.99 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.27 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.88 65.10 Td (business ) Tj ET Q q 0 0 0 rg BT 552.06 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 562.67 65.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 53.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 136.05 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.33 53.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 174.94 53.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.77 53.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 237.71 53.10 Td (under ) Tj ET Q q 0 0 0 rg BT 262.98 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.81 53.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 315.19 53.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 347.68 53.10 Td (with ) Tj ET Q q 0 0 0 rg BT 367.96 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.68 53.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 426.27 53.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 466.53 53.10 Td (agreement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 38.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 38.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 38.10 Td (invalidity) Tj ET Q q 0 0 0 rg BT 160.40 38.10 Td (, ) Tj ET Q q 0 0 0 rg BT 165.40 38.10 Td (unlawfulness ) Tj ET Q q 0 0 0 rg BT 220.67 38.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.50 38.10 Td (repudiation ) Tj ET Q q 0 0 0 rg BT 279.54 38.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.37 38.10 Td (any ) Tj ET Q q 0 0 0 rg BT 307.31 38.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 347.57 38.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 391.71 38.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.54 38.10 Td (related ) Tj ET Q q 0 0 0 rg BT 432.24 38.10 Td (security ) Tj ET Q q 0 0 0 rg BT 466.40 38.10 Td (document;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 749.10 Td (an ) Tj ET Q q 0 0 0 rg BT 119.94 749.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 172.41 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.24 749.10 Td (any ) Tj ET Q q 0 0 0 rg BT 200.18 749.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 221.56 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.39 749.10 Td (other ) Tj ET Q q 0 0 0 rg BT 255.44 749.10 Td (encumbrances ) Tj ET Q q 0 0 0 rg BT 315.13 749.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 352.62 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.45 749.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 397.06 749.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 734.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 734.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.30 734.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 168.24 734.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.66 734.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 207.95 734.10 Td (other ) Tj ET Q q 0 0 0 rg BT 230.58 734.10 Td (events ) Tj ET Q q 0 0 0 rg BT 258.21 734.10 Td (that ) Tj ET Q q 0 0 0 rg BT 275.30 734.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.60 734.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 320.56 734.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 351.52 734.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.28 734.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 385.14 734.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.00 734.10 Td (have ) Tj ET Q q 0 0 0 rg BT 415.96 734.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.49 734.10 Td (material ) Tj ET Q q 0 0 0 rg BT 457.33 734.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 489.96 734.10 Td (ef) Tj ET Q q 0 0 0 rg BT 497.55 734.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 514.62 734.10 Td (on ) Tj ET Q q 0 0 0 rg BT 526.70 734.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.12 734.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 722.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.83 722.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.66 722.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 162.71 722.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.99 722.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 201.60 722.10 Td (our ) Tj ET Q q 0 0 0 rg BT 217.43 722.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 264.37 722.10 Td (under ) Tj ET Q q 0 0 0 rg BT 289.64 722.10 Td (or ) Tj ET Q q 0 0 0 rg BT 300.47 722.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 341.85 722.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 374.34 722.10 Td (with ) Tj ET Q q 0 0 0 rg BT 394.62 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.34 722.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 452.93 722.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 493.19 722.10 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 695.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.21 695.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 115.44 695.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.56 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.03 695.10 Td (future ) Tj ET Q q 0 0 0 rg BT 174.04 695.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 213.93 695.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 261.60 695.10 Td (will ) Tj ET Q q 0 0 0 rg BT 279.29 695.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 310.85 695.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 340.76 695.10 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 387.06 695.10 Td (For ) Tj ET Q q 0 0 0 rg BT 403.09 695.10 Td (more ) Tj ET Q q 0 0 0 rg BT 425.77 695.10 Td (information ) Tj ET Q q 0 0 0 rg BT 475.11 695.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 515.56 695.10 Td (these ) Tj ET Q q 0 0 0 rg BT 538.24 695.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 683.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 86.53 683.10 Td (see ) Tj ET Q q 0 0 0 rg BT 101.80 683.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 127.06 683.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 137.06 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.56 683.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 182.05 683.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 221.76 683.10 Td (Review ) Tj ET Q q 0 0 0 rg BT 254.81 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.75 683.10 Td (Prospects-B. ) Tj ET Q q 0 0 0 rg BT 327.39 683.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 367.11 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.05 683.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 415.43 683.10 Td (Resources.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 659.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 659.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.79 659.10 Td (are ) Tj ET Q q 0 0 0 rg BT 104.31 659.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.51 659.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 147.39 659.10 Td (company) Tj ET Q q 0 0 0 rg BT 184.23 659.10 Td (, ) Tj ET Q q 0 0 0 rg BT 189.93 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.69 659.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 241.32 659.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.08 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.06 659.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 299.81 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.33 659.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.99 659.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 381.08 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.06 659.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 434.15 659.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 460.70 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.67 659.10 Td (us ) Tj ET Q q 0 0 0 rg BT 484.32 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.86 659.10 Td (order ) Tj ET Q q 0 0 0 rg BT 521.28 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.25 659.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 561.56 659.10 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 647.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 75.73 647.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 123.79 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.85 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.13 647.10 Td (make ) Tj ET Q q 0 0 0 rg BT 176.85 647.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 214.34 647.10 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 623.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 623.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.84 623.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.82 623.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.02 623.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 143.34 623.10 Td (company) Tj ET Q q 0 0 0 rg BT 179.35 623.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.61 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.82 623.10 Td (our ) Tj ET Q q 0 0 0 rg BT 217.92 623.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 270.40 623.10 Td (which ) Tj ET Q q 0 0 0 rg BT 297.60 623.10 Td (are ) Tj ET Q q 0 0 0 rg BT 312.58 623.10 Td (all ) Tj ET Q q 0 0 0 rg BT 325.34 623.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 358.65 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.85 623.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 416.94 623.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 477.47 623.10 Td (by ) Tj ET Q q 0 0 0 rg BT 490.24 623.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 504.40 623.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 538.82 623.10 Td (all ) Tj ET Q q 0 0 0 rg BT 551.58 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.67 623.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 611.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.68 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.15 611.10 Td (own ) Tj ET Q q 0 0 0 rg BT 118.40 611.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.43 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.78 611.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.14 611.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.94 611.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 228.13 611.10 Td (As ) Tj ET Q q 0 0 0 rg BT 242.27 611.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.74 611.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 277.48 611.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.84 611.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 322.42 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.23 611.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 362.37 611.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.72 611.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.73 611.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 464.21 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.67 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.48 611.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 509.95 611.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 551.86 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 562.67 611.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 599.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 89.08 599.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 124.40 599.10 Td (on ) Tj ET Q q 0 0 0 rg BT 136.94 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 599.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 179.80 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.68 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.55 599.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 256.31 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.64 599.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 303.05 599.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 331.70 599.10 Td (available ) Tj ET Q q 0 0 0 rg BT 370.33 599.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.54 599.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 433.20 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.52 599.10 Td (us ) Tj ET Q q 0 0 0 rg BT 454.96 599.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 474.44 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.77 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.53 599.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 526.51 599.10 Td (that ) Tj ET Q q 0 0 0 rg BT 544.05 599.10 Td (they ) Tj ET Q q 0 0 0 rg BT 563.81 599.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 587.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 65.16 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.43 587.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 111.80 587.10 Td (profits, ) Tj ET Q q 0 0 0 rg BT 142.90 587.10 Td (we ) Tj ET Q q 0 0 0 rg BT 157.06 587.10 Td (will ) Tj ET Q q 0 0 0 rg BT 175.12 587.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.06 587.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 216.21 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.49 587.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 243.43 587.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 284.82 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.10 587.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.93 587.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 563.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 91.03 563.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 133.40 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.10 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.24 563.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 207.15 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.40 563.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 260.21 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.90 563.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.72 563.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 308.42 563.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 341.34 563.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 359.27 563.10 Td (could ) Tj ET Q q 0 0 0 rg BT 384.40 563.10 Td (have ) Tj ET Q q 0 0 0 rg BT 406.20 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.56 563.10 Td (material ) Tj ET Q q 0 0 0 rg BT 450.37 563.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 483.83 563.10 Td (ef) Tj ET Q q 0 0 0 rg BT 491.42 563.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 508.76 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 521.69 563.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.50 563.10 Td (business, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 551.10 Td (results ) Tj ET Q q 0 0 0 rg BT 65.73 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.56 551.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 122.40 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.46 551.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.19 551.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 221.59 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.65 551.10 Td (could ) Tj ET Q q 0 0 0 rg BT 264.93 551.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 318.54 551.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 348.81 551.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.76 551.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 393.81 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.09 551.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 421.03 551.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 462.42 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.69 551.10 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 527.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.68 527.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 109.57 527.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 147.80 527.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 181.59 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.05 527.10 Td (five ) Tj ET Q q 0 0 0 rg BT 209.73 527.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 233.52 527.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 286.19 527.10 Td (semi-submersibles, ) Tj ET Q q 0 0 0 rg BT 365.25 527.10 Td (one ) Tj ET Q q 0 0 0 rg BT 381.82 527.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 405.61 527.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 458.28 527.10 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 501.49 527.10 Td (drillship, ) Tj ET Q q 0 0 0 rg BT 539.46 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 556.02 527.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 515.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 60.51 515.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 113.90 515.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 146.73 515.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 167.08 515.10 Td (including ) Tj ET Q q 0 0 0 rg BT 207.70 515.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 246.64 515.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.15 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.22 515.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 328.50 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.68 515.10 Td (one ) Tj ET Q q 0 0 0 rg BT 356.96 515.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 381.47 515.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 434.86 515.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 508.25 515.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 524.71 515.10 Td (If ) Tj ET Q q 0 0 0 rg BT 534.22 515.10 Td (any ) Tj ET Q q 0 0 0 rg BT 551.50 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.68 515.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 503.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.28 503.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 86.12 503.10 Td (are ) Tj ET Q q 0 0 0 rg BT 101.16 503.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 130.65 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.26 503.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 177.96 503.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.33 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.50 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.78 503.10 Td (result ) Tj ET Q q 0 0 0 rg BT 259.83 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.99 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.05 503.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 329.42 503.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.59 503.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 389.53 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.69 503.10 Td (its ) Tj ET Q q 0 0 0 rg BT 412.98 503.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 445.25 503.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 484.18 503.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.35 503.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 535.40 503.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 567.68 503.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 491.10 Td (downtime, ) Tj ET Q q 0 0 0 rg BT 81.00 491.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.83 491.10 Td (results ) Tj ET Q q 0 0 0 rg BT 125.43 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.26 491.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 180.42 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.36 491.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.84 491.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 275.11 491.10 Td (could ) Tj ET Q q 0 0 0 rg BT 299.83 491.10 Td (be ) Tj ET Q q 0 0 0 rg BT 311.77 491.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 354.80 491.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 395.62 491.10 Td (af) Tj ET Q q 0 0 0 rg BT 403.21 491.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 467.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 96.60 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.75 467.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.90 467.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 164.26 467.10 Td (have ) Tj ET Q q 0 0 0 rg BT 184.96 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.99 467.10 Td (right ) Tj ET Q q 0 0 0 rg BT 219.70 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.29 467.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 268.87 467.10 Td (their ) Tj ET Q q 0 0 0 rg BT 289.02 467.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 320.28 467.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 358.19 467.10 Td (without ) Tj ET Q q 0 0 0 rg BT 390.57 467.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 414.59 467.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 436.41 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.45 467.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 486.70 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.85 467.10 Td (an ) Tj ET Q q 0 0 0 rg BT 508.11 467.10 Td (early ) Tj ET Q q 0 0 0 rg BT 529.91 467.10 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 455.10 Td (fee. ) Tj ET Q q 0 0 0 rg BT 52.33 455.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.62 455.10 Td (general ) Tj ET Q q 0 0 0 rg BT 100.80 455.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 138.09 455.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.50 455.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.25 455.10 Td (such ) Tj ET Q q 0 0 0 rg BT 183.32 455.10 Td (early ) Tj ET Q q 0 0 0 rg BT 205.06 455.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 252.90 455.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 266.86 455.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 287.49 455.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 336.44 455.10 Td (us ) Tj ET Q q 0 0 0 rg BT 347.08 455.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.49 455.10 Td (lost ) Tj ET Q q 0 0 0 rg BT 376.69 455.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 413.97 455.10 Td (less ) Tj ET Q q 0 0 0 rg BT 430.72 455.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 470.23 455.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 508.08 455.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.49 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.45 455.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 443.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 70.72 443.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 101.28 443.10 Td (however) Tj ET Q q 0 0 0 rg BT 135.30 443.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.32 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.61 443.10 Td (some ) Tj ET Q q 0 0 0 rg BT 174.23 443.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 200.34 443.10 Td (such ) Tj ET Q q 0 0 0 rg BT 221.19 443.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 262.03 443.10 Td (may ) Tj ET Q q 0 0 0 rg BT 281.76 443.10 Td (not ) Tj ET Q q 0 0 0 rg BT 297.05 443.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 318.45 443.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 368.17 443.10 Td (us ) Tj ET Q q 0 0 0 rg BT 379.57 443.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.75 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.48 443.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 426.55 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.39 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.13 443.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 484.08 443.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 521.30 443.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 548.80 443.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 431.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 95.34 431.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.37 431.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 150.17 431.10 Td (may ) Tj ET Q q 0 0 0 rg BT 170.08 431.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 198.89 431.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 242.13 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.61 431.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 293.07 431.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 331.86 431.10 Td (early ) Tj ET Q q 0 0 0 rg BT 354.55 431.10 Td (without ) Tj ET Q q 0 0 0 rg BT 387.81 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.72 431.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 439.86 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.89 431.10 Td (any ) Tj ET Q q 0 0 0 rg BT 468.03 431.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 516.83 431.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 535.62 431.10 Td (as ) Tj ET Q q 0 0 0 rg BT 546.65 431.10 Td (a ) Tj ET Q q 0 0 0 rg BT 553.79 431.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.00 419.10 Td (non-performance, ) Tj ET Q q 0 0 0 rg BT 121.01 419.10 Td (total ) Tj ET Q q 0 0 0 rg BT 141.45 419.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 159.68 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.67 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.55 419.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 205.72 419.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 244.48 419.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 276.58 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.58 419.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 330.24 419.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.23 419.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 379.44 419.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 432.63 419.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 462.50 419.10 Td (by ) Tj ET Q q 0 0 0 rg BT 475.16 419.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 520.04 419.10 Td (or ) Tj ET Q q 0 0 0 rg BT 531.04 419.10 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 407.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 64.05 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 74.04 407.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 112.92 407.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 144.01 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.00 407.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 195.66 407.10 Td (due ) Tj ET Q q 0 0 0 rg BT 211.75 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.19 407.10 Td (force ) Tj ET Q q 0 0 0 rg BT 243.39 407.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 277.25 407.10 Td (events ) Tj ET Q q 0 0 0 rg BT 304.46 407.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 335.55 407.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.54 407.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 383.03 407.10 Td (During ) Tj ET Q q 0 0 0 rg BT 413.02 407.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 444.11 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.10 407.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 502.41 407.10 Td (market ) Tj ET Q q 0 0 0 rg BT 531.84 407.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 395.10 Td (we ) Tj ET Q q 0 0 0 rg BT 50.09 395.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.73 395.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.59 395.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.34 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.55 395.10 Td (an ) Tj ET Q q 0 0 0 rg BT 134.41 395.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 174.59 395.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 192.02 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.77 395.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.53 395.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 247.06 395.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 280.03 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.24 395.10 Td (repudiate ) Tj ET Q q 0 0 0 rg BT 329.86 395.10 Td (their ) Tj ET Q q 0 0 0 rg BT 350.61 395.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 391.63 395.10 Td (including ) Tj ET Q q 0 0 0 rg BT 431.83 395.10 Td (through ) Tj ET Q q 0 0 0 rg BT 465.37 395.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 493.90 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.65 395.10 Td (non-performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 383.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 55.03 383.10 Td (customers) Tj ET Q q 0 0 0 rg BT 98.16 383.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.64 383.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 130.67 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.92 383.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 177.60 383.10 Td (their ) Tj ET Q q 0 0 0 rg BT 199.40 383.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 247.32 383.10 Td (under ) Tj ET Q q 0 0 0 rg BT 273.57 383.10 Td (their ) Tj ET Q q 0 0 0 rg BT 295.37 383.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 328.29 383.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 367.85 383.10 Td (may ) Tj ET Q q 0 0 0 rg BT 388.55 383.10 Td (also ) Tj ET Q q 0 0 0 rg BT 408.13 383.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.04 383.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 466.17 383.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 506.30 383.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.77 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.46 383.10 Td (prevailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 371.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 84.06 371.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 135.47 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.77 371.10 Td (development ) Tj ET Q q 0 0 0 rg BT 205.50 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.91 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.21 371.10 Td (world ) Tj ET Q q 0 0 0 rg BT 258.62 371.10 Td (economy ) Tj ET Q q 0 0 0 rg BT 298.35 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.87 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.17 371.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 357.01 371.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 394.25 371.10 Td (If ) Tj ET Q q 0 0 0 rg BT 403.99 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 411.50 371.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 451.24 371.10 Td (cancels ) Tj ET Q q 0 0 0 rg BT 483.74 371.10 Td (its ) Tj ET Q q 0 0 0 rg BT 496.27 371.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 531.55 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.07 371.10 Td (we ) Tj ET Q q 0 0 0 rg BT 563.81 371.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 359.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 65.04 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.19 359.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 103.11 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.93 359.10 Td (new ) Tj ET Q q 0 0 0 rg BT 128.97 359.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 163.55 359.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.93 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.75 359.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 210.69 359.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 233.07 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.88 359.10 Td (on ) Tj ET Q q 0 0 0 rg BT 262.26 359.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 315.20 359.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 345.35 359.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 372.45 359.10 Td (or ) Tj ET Q q 0 0 0 rg BT 383.16 359.10 Td (if ) Tj ET Q q 0 0 0 rg BT 391.65 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.47 359.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 433.05 359.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.10 359.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 486.14 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.18 359.10 Td (an ) Tj ET Q q 0 0 0 rg BT 512.00 359.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 550.47 359.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 45.97 347.10 Td (time ) Tj ET Q q 0 0 0 rg BT 65.38 347.10 Td (or ) Tj ET Q q 0 0 0 rg BT 75.36 347.10 Td (if ) Tj ET Q q 0 0 0 rg BT 83.10 347.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.18 347.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 123.03 347.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.34 347.10 Td (renegotiated ) Tj ET Q q 0 0 0 rg BT 182.40 347.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.04 347.10 Td (dif) Tj ET Q q 0 0 0 rg BT 204.96 347.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 229.92 347.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 256.28 347.10 Td (it ) Tj ET Q q 0 0 0 rg BT 263.48 347.10 Td (could ) Tj ET Q q 0 0 0 rg BT 287.33 347.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 327.29 347.10 Td (af) Tj ET Q q 0 0 0 rg BT 334.88 347.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 351.50 347.10 Td (our ) Tj ET Q q 0 0 0 rg BT 366.47 347.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 404.51 347.10 Td (results ) Tj ET Q q 0 0 0 rg BT 432.25 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.23 347.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 485.52 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.60 347.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 538.22 347.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.02 335.10 Td (may ) Tj ET Q q 0 0 0 rg BT 70.82 335.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 99.05 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.85 335.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 144.43 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.34 335.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.70 335.10 Td (we ) Tj ET Q q 0 0 0 rg BT 186.94 335.10 Td (have ) Tj ET Q q 0 0 0 rg BT 207.40 335.10 Td (available ) Tj ET Q q 0 0 0 rg BT 245.07 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.43 335.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 270.46 335.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 310.93 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.29 335.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.20 335.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 389.82 335.10 Td (For ) Tj ET Q q 0 0 0 rg BT 405.30 335.10 Td (more ) Tj ET Q q 0 0 0 rg BT 427.43 335.10 Td (information ) Tj ET Q q 0 0 0 rg BT 476.22 335.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 516.12 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.92 335.10 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 323.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 80.17 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.00 323.10 Td (our ) Tj ET Q q 0 0 0 rg BT 106.83 323.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 138.77 323.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 179.87 323.10 Td (see ) Tj ET Q q 0 0 0 rg BT 195.14 323.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 220.40 323.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 230.40 323.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 280.66 323.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.16 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.88 323.10 Td (Company-B. ) Tj ET Q q 0 0 0 rg BT 361.77 323.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 399.83 323.10 Td (Overview-Drilling ) Tj ET Q q 0 0 0 rg BT 476.75 323.10 Td (Contracts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 299.10 Td (e ) Tj ET Q q 0 0 0 rg BT 86.63 299.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 126.46 299.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 153.49 299.10 Td (all ) Tj ET Q q 0 0 0 rg BT 166.09 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.47 299.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.97 299.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 227.78 299.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.83 299.10 Td (six ) Tj ET Q q 0 0 0 rg BT 263.54 299.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 309.76 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.37 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.19 299.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 359.80 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.17 299.10 Td (any ) Tj ET Q q 0 0 0 rg BT 387.22 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.60 299.10 Td (these ) Tj ET Q q 0 0 0 rg BT 420.75 299.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 464.47 299.10 Td (could ) Tj ET Q q 0 0 0 rg BT 489.29 299.10 Td (result ) Tj ET Q q 0 0 0 rg BT 514.68 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.06 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.11 299.10 Td (significant ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 287.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 54.06 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.89 287.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 104.05 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.11 287.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.50 287.10 Td (flow) Tj ET Q q 0 0 0 rg BT 160.91 287.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 263.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 263.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.18 263.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 125.37 263.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 152.46 263.10 Td (all ) Tj ET Q q 0 0 0 rg BT 164.56 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.99 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.42 263.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 228.06 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.60 263.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 264.47 263.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 284.91 263.10 Td (from ) Tj ET Q q 0 0 0 rg BT 306.45 263.10 Td (six ) Tj ET Q q 0 0 0 rg BT 320.22 263.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 365.37 263.10 Td (including ) Tj ET Q q 0 0 0 rg BT 405.24 263.10 Td (upcoming ) Tj ET Q q 0 0 0 rg BT 447.34 263.10 Td (work ) Tj ET Q q 0 0 0 rg BT 469.99 263.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.87 263.10 Td (Conoco ) Tj ET Q q 0 0 0 rg BT 523.08 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.62 263.10 Td (Centrica. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 251.10 Td (For ) Tj ET Q q 0 0 0 rg BT 52.90 251.10 Td (year ) Tj ET Q q 0 0 0 rg BT 73.12 251.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 103.35 251.10 Td (December ) Tj ET Q q 0 0 0 rg BT 147.44 251.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.95 251.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 188.46 251.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 217.58 251.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 261.13 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.80 251.10 Td (57%, ) Tj ET Q q 0 0 0 rg BT 299.64 251.10 Td (Shell ) Tj ET Q q 0 0 0 rg BT 323.20 251.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 366.75 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.42 251.10 Td (14%, ) Tj ET Q q 0 0 0 rg BT 405.26 251.10 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 458.82 251.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 502.37 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 517.04 251.10 Td (12% ) Tj ET Q q 0 0 0 rg BT 538.38 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.61 251.10 Td (T) Tj ET Q q 0 0 0 rg BT 561.02 251.10 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 239.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 79.21 239.10 Td (for ) Tj ET Q q 0 0 0 rg BT 93.54 239.10 Td (13% ) Tj ET Q q 0 0 0 rg BT 114.55 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.56 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.56 239.10 Td (total ) Tj ET Q q 0 0 0 rg BT 162.01 239.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 202.72 239.10 Td (For ) Tj ET Q q 0 0 0 rg BT 219.29 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.18 239.10 Td (year ) Tj ET Q q 0 0 0 rg BT 254.07 239.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 280.62 239.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 339.38 239.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 364.55 239.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 393.34 239.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 436.55 239.10 Td (for ) Tj ET Q q 0 0 0 rg BT 450.89 239.10 Td (46%, ) Tj ET Q q 0 0 0 rg BT 474.39 239.10 Td (Shell ) Tj ET Q q 0 0 0 rg BT 497.63 239.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 540.83 239.10 Td (for ) Tj ET Q q 0 0 0 rg BT 555.17 239.10 Td (17%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 227.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.41 227.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 58.80 227.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 101.73 227.10 Td (for ) Tj ET Q q 0 0 0 rg BT 115.78 227.10 Td (16% ) Tj ET Q q 0 0 0 rg BT 136.51 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.34 227.10 Td (BG ) Tj ET Q q 0 0 0 rg BT 169.63 227.10 Td (Nor) Tj ET Q q 0 0 0 rg BT 185.00 227.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 196.83 227.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 230.89 227.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 273.81 227.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.87 227.10 Td (13% ) Tj ET Q q 0 0 0 rg BT 308.60 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.32 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.05 227.10 Td (total ) Tj ET Q q 0 0 0 rg BT 355.21 227.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 395.12 227.10 Td (All ) Tj ET Q q 0 0 0 rg BT 410.29 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.02 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.74 227.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 468.58 227.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 507.07 227.10 Td (have ) Tj ET Q q 0 0 0 rg BT 528.34 227.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 551.28 227.10 Td (terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 215.10 Td (but ) Tj ET Q q 0 0 0 rg BT 50.55 215.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.53 215.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.74 215.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 125.27 215.10 Td (early ) Tj ET Q q 0 0 0 rg BT 147.02 215.10 Td (due ) Tj ET Q q 0 0 0 rg BT 163.23 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.78 215.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 201.75 215.10 Td (events ) Tj ET Q q 0 0 0 rg BT 229.06 215.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.16 215.10 Td (we ) Tj ET Q q 0 0 0 rg BT 252.59 215.10 Td (may ) Tj ET Q q 0 0 0 rg BT 271.58 215.10 Td (be ) Tj ET Q q 0 0 0 rg BT 282.79 215.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 311.21 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.76 215.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 349.17 215.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 382.58 215.10 Td (under ) Tj ET Q q 0 0 0 rg BT 407.12 215.10 Td (such ) Tj ET Q q 0 0 0 rg BT 427.22 215.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 465.08 215.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.63 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.62 215.10 Td (event ) Tj ET Q q 0 0 0 rg BT 512.04 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.14 215.10 Td (unanticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 203.10 Td (developments, ) Tj ET Q q 0 0 0 rg BT 96.61 203.10 Td (such ) Tj ET Q q 0 0 0 rg BT 117.50 203.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.40 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.18 203.10 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 196.83 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.18 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.96 203.10 Td (general ) Tj ET Q q 0 0 0 rg BT 253.95 203.10 Td (business ) Tj ET Q q 0 0 0 rg BT 290.40 203.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.30 203.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.84 203.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 379.18 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.08 203.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.08 203.10 Td (customer) Tj ET Q q 0 0 0 rg BT 433.33 203.10 Td (, ) Tj ET Q q 0 0 0 rg BT 438.40 203.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 475.96 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.30 203.10 Td (its ) Tj ET Q q 0 0 0 rg BT 498.32 203.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 534.21 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.55 203.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 566.55 203.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 191.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 82.94 191.10 Td (under ) Tj ET Q q 0 0 0 rg BT 108.21 191.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.04 191.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 167.10 Td (If ) Tj ET Q q 0 0 0 rg BT 80.80 167.10 Td (any ) Tj ET Q q 0 0 0 rg BT 97.39 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.86 167.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.33 167.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 154.92 167.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 193.16 167.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.51 167.10 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 254.91 167.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.71 167.10 Td (may ) Tj ET Q q 0 0 0 rg BT 288.07 167.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.66 167.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 328.46 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.38 167.10 Td (re-deploy ) Tj ET Q q 0 0 0 rg BT 378.84 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.20 167.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 424.78 167.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 438.04 167.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 468.50 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.43 167.10 Td (such ) Tj ET Q q 0 0 0 rg BT 498.90 167.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 543.80 167.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 155.10 Td (on ) Tj ET Q q 0 0 0 rg BT 48.88 155.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 73.98 155.10 Td (as ) Tj ET Q q 0 0 0 rg BT 85.19 155.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 125.82 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.48 155.10 Td (us ) Tj ET Q q 0 0 0 rg BT 148.25 155.10 Td (as ) Tj ET Q q 0 0 0 rg BT 159.46 155.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.67 155.10 Td (current ) Tj ET Q q 0 0 0 rg BT 206.87 155.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 239.19 155.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 280.45 155.10 Td (This ) Tj ET Q q 0 0 0 rg BT 301.11 155.10 Td (may ) Tj ET Q q 0 0 0 rg BT 321.21 155.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 346.30 155.10 Td (us ) Tj ET Q q 0 0 0 rg BT 358.07 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.73 155.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 400.47 155.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 442.76 155.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 481.18 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.50 155.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 519.15 155.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 544.25 155.10 Td (than ) Tj ET Q q 0 0 0 rg BT 564.34 155.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 143.10 Td (would ) Tj ET Q q 0 0 0 rg BT 63.91 143.10 Td (have ) Tj ET Q q 0 0 0 rg BT 85.69 143.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 127.48 143.10 Td (earned. ) Tj ET Q q 0 0 0 rg BT 159.32 143.10 Td (The ) Tj ET Q q 0 0 0 rg BT 177.77 143.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 196.24 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.48 143.10 Td (any ) Tj ET Q q 0 0 0 rg BT 224.83 143.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 270.78 143.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 303.13 143.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 342.14 143.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.37 143.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 385.72 143.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 406.13 143.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.37 143.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.72 143.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 456.50 143.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.18 143.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 508.41 143.10 Td (under ) Tj ET Q q 0 0 0 rg BT 534.09 143.10 Td (any ) Tj ET Q q 0 0 0 rg BT 551.44 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.67 143.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 131.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.98 131.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 111.12 131.10 Td (could ) Tj ET Q q 0 0 0 rg BT 136.88 131.10 Td (have ) Tj ET Q q 0 0 0 rg BT 159.30 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.28 131.10 Td (material ) Tj ET Q q 0 0 0 rg BT 203.58 131.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 237.66 131.10 Td (ef) Tj ET Q q 0 0 0 rg BT 245.24 131.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 263.77 131.10 Td (on ) Tj ET Q q 0 0 0 rg BT 277.31 131.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.18 131.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 334.12 131.10 Td (results ) Tj ET Q q 0 0 0 rg BT 363.77 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.64 131.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 423.33 131.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.86 131.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 503.17 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.15 131.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 550.25 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 561.56 131.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 119.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 77.39 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.67 119.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.50 119.10 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 95.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.98 95.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 122.91 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.89 95.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 172.99 95.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 212.73 95.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 244.71 95.10 Td (us ) Tj ET Q q 0 0 0 rg BT 257.25 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.68 95.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 322.87 95.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 347.65 95.10 Td (The ) Tj ET Q q 0 0 0 rg BT 366.85 95.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 396.05 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.03 95.10 Td (each ) Tj ET Q q 0 0 0 rg BT 430.00 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.98 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.97 95.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 519.26 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.69 95.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 566.55 95.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 83.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 82.53 83.10 Td (under ) Tj ET Q q 0 0 0 rg BT 107.38 83.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.90 83.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 148.19 83.10 Td (with ) Tj ET Q q 0 0 0 rg BT 168.05 83.10 Td (us ) Tj ET Q q 0 0 0 rg BT 179.03 83.10 Td (will ) Tj ET Q q 0 0 0 rg BT 196.67 83.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 227.63 83.10 Td (on ) Tj ET Q q 0 0 0 rg BT 239.71 83.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.23 83.10 Td (number ) Tj ET Q q 0 0 0 rg BT 278.87 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.28 83.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 318.57 83.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.65 83.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.94 83.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 381.46 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.88 83.10 Td (control ) Tj ET Q q 0 0 0 rg BT 427.29 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.81 83.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.11 83.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 497.13 83.10 Td (among ) Tj ET Q q 0 0 0 rg BT 526.43 83.10 Td (other ) Tj ET Q q 0 0 0 rg BT 549.06 83.10 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 71.10 Td (general ) Tj ET Q q 0 0 0 rg BT 67.01 71.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 107.47 71.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 153.22 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.03 71.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 206.39 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.30 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.11 71.10 Td (of) Tj ET Q q 0 0 0 rg BT 238.26 71.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 264.83 71.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 295.86 71.10 Td (industry) Tj ET Q q 0 0 0 rg BT 327.99 71.10 Td (, ) Tj ET Q q 0 0 0 rg BT 332.08 71.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 374.21 71.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 399.67 71.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.92 71.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 425.06 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.09 71.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 458.50 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.31 71.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 501.66 71.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 538.23 71.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.80 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.49 59.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 113.38 59.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.35 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.04 59.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 171.83 59.10 Td (received ) Tj ET Q q 0 0 0 rg BT 209.16 59.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.30 59.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 258.86 59.10 Td (types ) Tj ET Q q 0 0 0 rg BT 283.44 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.25 59.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 328.16 59.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 346.64 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.55 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.24 59.10 Td (level ) Tj ET Q q 0 0 0 rg BT 403.15 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.95 59.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 454.52 59.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 496.86 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.11 59.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 546.58 59.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 47.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 76.84 47.10 Td (In ) Tj ET Q q 0 0 0 rg BT 87.41 47.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 124.93 47.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.95 47.10 Td (depressed ) Tj ET Q q 0 0 0 rg BT 176.62 47.10 Td (market ) Tj ET Q q 0 0 0 rg BT 206.63 47.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 253.04 47.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.61 47.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 311.40 47.10 Td (may ) Tj ET Q q 0 0 0 rg BT 330.86 47.10 Td (no ) Tj ET Q q 0 0 0 rg BT 343.10 47.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 370.89 47.10 Td (need ) Tj ET Q q 0 0 0 rg BT 392.01 47.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.69 47.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 430.38 47.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 443.73 47.10 Td (that ) Tj ET Q q 0 0 0 rg BT 460.97 47.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.88 47.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 508.22 47.10 Td (under ) Tj ET Q q 0 0 0 rg BT 533.23 47.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 567.67 47.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (may ) Tj ET Q q 0 0 0 rg BT 55.41 749.10 Td (be ) Tj ET Q q 0 0 0 rg BT 67.04 749.10 Td (able ) Tj ET Q q 0 0 0 rg BT 85.89 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.86 749.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 123.05 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.69 749.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 178.52 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 210.16 749.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 223.46 749.10 Td (at ) Tj ET Q q 0 0 0 rg BT 232.87 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.50 749.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 264.46 749.10 Td (dayrate. ) Tj ET Q q 0 0 0 rg BT 298.58 749.10 Td (Should ) Tj ET Q q 0 0 0 rg BT 329.12 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.75 749.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 388.47 749.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 403.99 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.97 749.10 Td (honor ) Tj ET Q q 0 0 0 rg BT 439.49 749.10 Td (its ) Tj ET Q q 0 0 0 rg BT 451.13 749.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 497.77 749.10 Td (under ) Tj ET Q q 0 0 0 rg BT 522.73 749.10 Td (an ) Tj ET Q q 0 0 0 rg BT 534.36 749.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (with ) Tj ET Q q 0 0 0 rg BT 56.57 737.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 70.76 737.10 Td (we ) Tj ET Q q 0 0 0 rg BT 85.21 737.10 Td (could ) Tj ET Q q 0 0 0 rg BT 110.22 737.10 Td (sustain ) Tj ET Q q 0 0 0 rg BT 140.80 737.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 169.98 737.10 Td (which ) Tj ET Q q 0 0 0 rg BT 197.22 737.10 Td (could ) Tj ET Q q 0 0 0 rg BT 222.23 737.10 Td (have ) Tj ET Q q 0 0 0 rg BT 243.90 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.13 737.10 Td (material ) Tj ET Q q 0 0 0 rg BT 286.69 737.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 320.02 737.10 Td (ef) Tj ET Q q 0 0 0 rg BT 327.60 737.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 345.38 737.10 Td (on ) Tj ET Q q 0 0 0 rg BT 358.18 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.30 737.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 413.49 737.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 451.26 737.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 494.33 737.10 Td (results ) Tj ET Q q 0 0 0 rg BT 523.23 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.36 737.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 725.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 80.99 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.27 725.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 108.21 725.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 149.59 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.87 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.70 725.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.79 701.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 121.25 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.71 701.10 Td (consummate ) Tj ET Q q 0 0 0 rg BT 186.62 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.20 701.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 237.55 701.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 289.69 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.71 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.39 701.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 336.07 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.31 701.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 381.34 701.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 410.66 701.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 445.58 701.10 Td (could ) Tj ET Q q 0 0 0 rg BT 471.04 701.10 Td (have ) Tj ET Q q 0 0 0 rg BT 493.16 701.10 Td (an ) Tj ET Q q 0 0 0 rg BT 506.40 701.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 540.19 701.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.77 701.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 565.44 701.10 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.95 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.68 689.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 134.08 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.14 689.10 Td (results ) Tj ET Q q 0 0 0 rg BT 181.87 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.70 689.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 665.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.70 665.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 121.19 665.10 Td (that ) Tj ET Q q 0 0 0 rg BT 139.81 665.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 187.31 665.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 243.70 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 264.54 665.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 287.04 665.10 Td (from ) Tj ET Q q 0 0 0 rg BT 310.10 665.10 Td (time ) Tj ET Q q 0 0 0 rg BT 331.49 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.89 665.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 366.78 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.84 665.10 Td (any ) Tj ET Q q 0 0 0 rg BT 402.90 665.10 Td (such ) Tj ET Q q 0 0 0 rg BT 424.85 665.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 472.35 665.10 Td (could ) Tj ET Q q 0 0 0 rg BT 498.19 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.25 665.10 Td (significant. ) Tj ET Q q 0 0 0 rg BT 558.78 665.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 81.81 653.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.95 653.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 137.88 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.02 653.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 188.38 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.31 653.10 Td (us ) Tj ET Q q 0 0 0 rg BT 211.13 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.39 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.75 653.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 272.46 653.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 304.38 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.64 653.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 336.83 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.98 653.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 395.10 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.35 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 411.72 653.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 456.42 653.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 488.34 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.60 653.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 517.75 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 528.00 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.15 653.10 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.68 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 53.47 641.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 98.59 641.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 130.94 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.62 641.10 Td (equity) Tj ET Q q 0 0 0 rg BT 165.96 641.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.81 641.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 202.60 641.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 248.83 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.62 641.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 311.85 641.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 366.97 641.10 Td (may ) Tj ET Q q 0 0 0 rg BT 386.54 641.10 Td (not ) Tj ET Q q 0 0 0 rg BT 401.67 641.10 Td (result ) Tj ET Q q 0 0 0 rg BT 426.24 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.36 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.93 641.10 Td (consummation ) Tj ET Q q 0 0 0 rg BT 512.16 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.84 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.63 641.10 Td (transaction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (In ) Tj ET Q q 0 0 0 rg BT 46.86 629.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 84.67 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.86 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 118.61 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 133.92 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 145.90 629.10 Td (able ) Tj ET Q q 0 0 0 rg BT 165.08 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.40 629.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 202.92 629.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 247.65 629.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 272.40 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.59 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.34 629.10 Td (required ) Tj ET Q q 0 0 0 rg BT 337.19 629.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 377.48 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.68 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 408.65 629.10 Td (such ) Tj ET Q q 0 0 0 rg BT 429.51 629.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 475.93 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.79 629.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 533.21 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.73 629.10 Td (arises. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 617.10 Td (e ) Tj ET Q q 0 0 0 rg BT 51.81 617.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 81.20 617.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 111.70 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.65 617.10 Td (ef) Tj ET Q q 0 0 0 rg BT 134.24 617.10 Td (fect, ) Tj ET Q q 0 0 0 rg BT 154.46 617.10 Td (if ) Tj ET Q q 0 0 0 rg BT 163.30 617.10 Td (any) Tj ET Q q 0 0 0 rg BT 177.09 617.10 Td (, ) Tj ET Q q 0 0 0 rg BT 182.32 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 200.05 617.10 Td (any ) Tj ET Q q 0 0 0 rg BT 217.23 617.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 278.27 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.33 617.10 Td (consummation ) Tj ET Q q 0 0 0 rg BT 350.95 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.02 617.10 Td (an ) Tj ET Q q 0 0 0 rg BT 374.19 617.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 420.80 617.10 Td (would ) Tj ET Q q 0 0 0 rg BT 448.54 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 470.15 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.88 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.84 617.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 528.90 617.10 Td (price ) Tj ET Q q 0 0 0 rg BT 551.62 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.68 617.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (common ) Tj ET Q q 0 0 0 rg BT 73.20 605.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 102.89 605.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 120.64 605.10 Td (future ) Tj ET Q q 0 0 0 rg BT 146.72 605.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 196.69 605.10 Td (could ) Tj ET Q q 0 0 0 rg BT 221.11 605.10 Td (present ) Tj ET Q q 0 0 0 rg BT 252.19 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.83 605.10 Td (number ) Tj ET Q q 0 0 0 rg BT 291.58 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.11 605.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 325.70 605.10 Td (including ) Tj ET Q q 0 0 0 rg BT 365.68 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.09 605.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 397.29 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.83 605.10 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 445.56 605.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 497.21 605.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 537.73 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 552.14 605.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (results ) Tj ET Q q 0 0 0 rg BT 65.17 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.56 593.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 114.04 593.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 158.76 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.15 593.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 196.54 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.93 593.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 246.52 593.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 265.69 593.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 310.41 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.80 593.10 Td (other ) Tj ET Q q 0 0 0 rg BT 345.41 593.10 Td (syner) Tj ET Q q 0 0 0 rg BT 366.89 593.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 386.06 593.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 424.65 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.49 593.10 Td (be ) Tj ET Q q 0 0 0 rg BT 447.99 593.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 482.69 593.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.08 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.58 593.10 Td (result ) Tj ET Q q 0 0 0 rg BT 526.85 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.25 593.10 Td (acquiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.15 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 90.97 581.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 119.30 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.01 581.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 151.50 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.33 581.10 Td (failing ) Tj ET Q q 0 0 0 rg BT 190.92 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.20 581.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 252.57 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.50 581.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 297.55 581.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 335.02 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.73 581.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 393.88 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.71 581.10 Td (management ) Tj ET Q q 0 0 0 rg BT 458.29 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.11 581.10 Td (any ) Tj ET Q q 0 0 0 rg BT 486.05 581.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 522.96 581.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 567.68 581.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 61.62 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.35 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.86 569.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 110.15 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.77 569.10 Td (diverting ) Tj ET Q q 0 0 0 rg BT 159.17 569.10 Td (management) Tj ET Q q 0 0 0 rg BT 213.04 569.10 Td (s ) Tj ET Q q 0 0 0 rg BT 219.22 569.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 256.50 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 278.23 569.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 312.19 569.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 356.13 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 366.75 569.10 Td (other ) Tj ET Q q 0 0 0 rg BT 389.59 569.10 Td (priorities. ) Tj ET Q q 0 0 0 rg BT 430.32 569.10 Td (W) Tj ET Q q 0 0 0 rg BT 438.96 569.10 Td (e ) Tj ET Q q 0 0 0 rg BT 445.69 569.10 Td (may ) Tj ET Q q 0 0 0 rg BT 465.20 569.10 Td (also ) Tj ET Q q 0 0 0 rg BT 483.60 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.33 569.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 525.94 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.01 569.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 58.39 557.10 Td (related ) Tj ET Q q 0 0 0 rg BT 87.99 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.16 557.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 146.64 557.10 Td (with ) Tj ET Q q 0 0 0 rg BT 166.81 557.10 Td (various ) Tj ET Q q 0 0 0 rg BT 198.64 557.10 Td (international ) Tj ET Q q 0 0 0 rg BT 251.56 557.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 272.29 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.46 557.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 328.72 557.10 Td (with ) Tj ET Q q 0 0 0 rg BT 348.89 557.10 Td (such ) Tj ET Q q 0 0 0 rg BT 369.61 557.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 422.28 557.10 Td (If ) Tj ET Q q 0 0 0 rg BT 431.33 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 445.38 557.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 461.10 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.27 557.10 Td (consummate ) Tj ET Q q 0 0 0 rg BT 524.20 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.03 557.10 Td (integrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.00 545.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 102.45 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.91 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.02 545.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 148.25 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.36 545.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 192.39 545.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 222.26 545.10 Td (manner) Tj ET Q q 0 0 0 rg BT 251.85 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 257.02 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.03 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.68 545.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 353.63 545.10 Td (results ) Tj ET Q q 0 0 0 rg BT 382.41 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.42 545.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 437.75 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.86 545.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 483.09 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.54 545.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 510.66 545.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 552.22 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 562.67 545.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 89.04 533.10 Td (could ) Tj ET Q q 0 0 0 rg BT 113.75 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.69 533.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 166.51 533.10 Td (af) Tj ET Q q 0 0 0 rg BT 174.10 533.10 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 509.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.78 509.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 120.42 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.17 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 166.25 509.10 Td (af) Tj ET Q q 0 0 0 rg BT 174.40 509.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 205.37 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.90 509.10 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 254.82 509.10 Td (including ) Tj ET Q q 0 0 0 rg BT 297.47 509.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 332.89 509.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 393.04 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.01 509.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 429.43 509.10 Td (us ) Tj ET Q q 0 0 0 rg BT 442.08 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.62 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 496.26 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.02 509.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 561.55 509.10 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.23 473.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 118.47 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.93 473.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 151.60 473.10 Td (into ) Tj ET Q q 0 0 0 rg BT 169.84 473.10 Td (new ) Tj ET Q q 0 0 0 rg BT 189.18 473.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 221.31 473.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 260.09 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.21 473.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 308.77 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.78 473.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 364.12 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.24 473.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 416.14 473.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 469.93 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 488.17 473.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 519.73 473.10 Td (lar) Tj ET Q q 0 0 0 rg BT 530.09 473.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 549.99 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 562.68 473.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 64.26 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 74.74 461.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 111.31 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.35 461.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 177.27 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 197.75 461.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 231.56 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.71 461.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.86 461.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 304.11 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.26 461.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 375.07 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.55 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.47 461.10 Td (of) Tj ET Q q 0 0 0 rg BT 408.62 461.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 436.32 461.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 468.47 461.10 Td (industry) Tj ET Q q 0 0 0 rg BT 500.60 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 505.81 461.10 Td (If ) Tj ET Q q 0 0 0 rg BT 515.17 461.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 548.98 461.10 Td (suf) Tj ET Q q 0 0 0 rg BT 561.02 461.10 Td (fers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (material ) Tj ET Q q 0 0 0 rg BT 71.26 449.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 104.85 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.13 449.10 Td (its ) Tj ET Q q 0 0 0 rg BT 127.08 449.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 170.12 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.95 449.10 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 237.05 449.10 Td (it ) Tj ET Q q 0 0 0 rg BT 245.11 449.10 Td (may ) Tj ET Q q 0 0 0 rg BT 264.83 449.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 287.88 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.71 449.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 331.76 449.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 425.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 425.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 134.93 425.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 169.09 425.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 201.04 425.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 239.63 425.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 262.13 425.10 Td (their ) Tj ET Q q 0 0 0 rg BT 282.96 425.10 Td (expiration;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 410.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 410.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 135.50 410.10 Td (new ) Tj ET Q q 0 0 0 rg BT 154.66 410.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 186.60 410.10 Td (contracts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 395.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 395.10 Td (ef) Tj ET Q q 0 0 0 rg BT 115.59 395.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 151.41 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.35 395.10 Td (productively ) Tj ET Q q 0 0 0 rg BT 221.39 395.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 244.43 395.10 Td (out ) Tj ET Q q 0 0 0 rg BT 259.70 395.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.53 395.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 307.48 395.10 Td (activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 380.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 380.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 159.38 380.10 Td (interact ) Tj ET Q q 0 0 0 rg BT 191.86 380.10 Td (with ) Tj ET Q q 0 0 0 rg BT 212.14 380.10 Td (shipyards;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 365.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 135.50 365.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 175.76 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.70 365.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 230.19 365.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 271.00 365.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.50 365.10 Td (commercially ) Tj ET Q q 0 0 0 rg BT 340.98 365.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 385.67 365.10 Td (terms; ) Tj ET Q q 0 0 0 rg BT 413.16 365.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 350.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 350.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 145.49 350.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 194.08 350.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 247.69 350.10 Td (with ) Tj ET Q q 0 0 0 rg BT 267.97 350.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 306.57 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.51 350.10 Td (other ) Tj ET Q q 0 0 0 rg BT 346.56 350.10 Td (third ) Tj ET Q q 0 0 0 rg BT 367.95 350.10 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 323.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 109.35 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.48 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.04 323.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 169.75 323.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 219.02 323.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 252.47 323.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 307.02 323.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 343.81 323.10 Td (us ) Tj ET Q q 0 0 0 rg BT 355.05 323.10 Td (with ) Tj ET Q q 0 0 0 rg BT 375.18 323.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 409.73 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.52 323.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.85 323.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 500.64 323.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 537.69 323.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 311.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 79.63 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.61 311.10 Td (building ) Tj ET Q q 0 0 0 rg BT 132.49 311.10 Td (supervisory ) Tj ET Q q 0 0 0 rg BT 181.69 311.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 218.75 311.10 Td (W) Tj ET Q q 0 0 0 rg BT 227.39 311.10 Td (e ) Tj ET Q q 0 0 0 rg BT 234.37 311.10 Td (also ) Tj ET Q q 0 0 0 rg BT 253.02 311.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 284.42 311.10 Td (corporate, ) Tj ET Q q 0 0 0 rg BT 327.22 311.10 Td (secretarial ) Tj ET Q q 0 0 0 rg BT 370.84 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.82 311.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 417.56 311.10 Td (other ) Tj ET Q q 0 0 0 rg BT 440.65 311.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 500.40 311.10 Td (services ) Tj ET Q q 0 0 0 rg BT 535.15 311.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 568.23 311.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.37 299.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 98.08 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.57 299.10 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 147.38 299.10 Td (from ) Tj ET Q q 0 0 0 rg BT 168.98 299.10 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 207.80 299.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 262.16 299.10 Td (under ) Tj ET Q q 0 0 0 rg BT 287.09 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.46 299.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 337.02 299.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 383.60 299.10 Td (with ) Tj ET Q q 0 0 0 rg BT 403.53 299.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 436.80 299.10 Td (Management. ) Tj ET Q q 0 0 0 rg BT 493.65 299.10 Td (In ) Tj ET Q q 0 0 0 rg BT 504.14 299.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 541.57 299.10 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.78 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 63.10 287.10 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 114.87 287.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 162.30 287.10 Td (with ) Tj ET Q q 0 0 0 rg BT 183.07 287.10 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 219.67 287.10 Td (we ) Tj ET Q q 0 0 0 rg BT 234.33 287.10 Td (have ) Tj ET Q q 0 0 0 rg BT 256.21 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.42 287.10 Td (right ) Tj ET Q q 0 0 0 rg BT 293.31 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.64 287.10 Td (first ) Tj ET Q q 0 0 0 rg BT 323.74 287.10 Td (refusal ) Tj ET Q q 0 0 0 rg BT 353.95 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.72 287.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 409.92 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.69 287.10 Td (any ) Tj ET Q q 0 0 0 rg BT 438.13 287.10 Td (business ) Tj ET Q q 0 0 0 rg BT 475.02 287.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 524.68 287.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 566.00 287.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 275.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 69.97 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 84.49 275.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 116.80 275.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 155.76 275.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.40 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.48 275.10 Td (North ) Tj ET Q q 0 0 0 rg BT 207.05 275.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 242.12 275.10 Td (Region ) Tj ET Q q 0 0 0 rg BT 273.87 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.17 275.10 Td (have ) Tj ET Q q 0 0 0 rg BT 312.91 275.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 351.33 275.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 385.29 275.10 Td (with ) Tj ET Q q 0 0 0 rg BT 405.93 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.24 275.10 Td (right ) Tj ET Q q 0 0 0 rg BT 434.99 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.18 275.10 Td (first ) Tj ET Q q 0 0 0 rg BT 465.15 275.10 Td (refusal ) Tj ET Q q 0 0 0 rg BT 495.22 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.87 275.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 550.93 275.10 Td (in ) Tj ET Q q 0 0 0 rg BT 561.57 275.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 263.10 Td (business ) Tj ET Q q 0 0 0 rg BT 72.57 263.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 121.92 263.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 162.93 263.10 Td (by ) Tj ET Q q 0 0 0 rg BT 175.61 263.10 Td (us ) Tj ET Q q 0 0 0 rg BT 187.18 263.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.53 263.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 233.65 263.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 272.44 263.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 304.01 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.02 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.92 263.10 Td (North ) Tj ET Q q 0 0 0 rg BT 355.34 263.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 390.23 263.10 Td (Region. ) Tj ET Q q 0 0 0 rg BT 424.30 263.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 442.54 263.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 490.20 263.10 Td (success ) Tj ET Q q 0 0 0 rg BT 522.88 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.00 263.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 568.23 263.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 251.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 68.29 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.37 251.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 113.46 251.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 146.87 251.10 Td (will ) Tj ET Q q 0 0 0 rg BT 164.18 251.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 194.81 251.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 246.55 251.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 268.31 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.28 251.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 330.13 251.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 382.40 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.49 251.10 Td (these ) Tj ET Q q 0 0 0 rg BT 414.79 251.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 464.58 251.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 481.88 251.10 Td (business ) Tj ET Q q 0 0 0 rg BT 517.53 251.10 Td (will ) Tj ET Q q 0 0 0 rg BT 534.84 251.10 Td (be ) Tj ET Q q 0 0 0 rg BT 546.03 251.10 Td (harmed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 239.10 Td (if ) Tj ET Q q 0 0 0 rg BT 44.84 239.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 78.68 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.85 239.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.03 239.10 Td (af) Tj ET Q q 0 0 0 rg BT 115.61 239.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 145.56 239.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 161.62 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.13 239.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 207.06 239.10 Td (satisfactorily ) Tj ET Q q 0 0 0 rg BT 261.45 239.10 Td (under ) Tj ET Q q 0 0 0 rg BT 286.95 239.10 Td (these ) Tj ET Q q 0 0 0 rg BT 310.23 239.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 360.99 239.10 Td (if ) Tj ET Q q 0 0 0 rg BT 369.83 239.10 Td (they ) Tj ET Q q 0 0 0 rg BT 389.78 239.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 418.04 239.10 Td (their ) Tj ET Q q 0 0 0 rg BT 439.10 239.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 487.36 239.10 Td (with ) Tj ET Q q 0 0 0 rg BT 507.88 239.10 Td (us ) Tj ET Q q 0 0 0 rg BT 519.50 239.10 Td (or ) Tj ET Q q 0 0 0 rg BT 530.56 239.10 Td (if ) Tj ET Q q 0 0 0 rg BT 539.40 239.10 Td (they ) Tj ET Q q 0 0 0 rg BT 559.35 239.10 Td (stop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 227.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 77.39 227.10 Td (these ) Tj ET Q q 0 0 0 rg BT 100.43 227.10 Td (services ) Tj ET Q q 0 0 0 rg BT 135.14 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.42 227.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 159.31 227.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 184.57 227.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 194.57 227.10 Td (Major ) Tj ET Q q 0 0 0 rg BT 221.51 227.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 276.22 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.16 227.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 326.20 227.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 349.63 227.10 Td (T) Tj ET Q q 0 0 0 rg BT 355.38 227.10 Td (ransactions-B. ) Tj ET Q q 0 0 0 rg BT 415.37 227.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 448.41 227.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 471.84 227.10 Td (T) Tj ET Q q 0 0 0 rg BT 477.60 227.10 Td (ransactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 203.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.98 203.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.91 203.10 Td (during ) Tj ET Q q 0 0 0 rg BT 149.67 203.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 172.32 203.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 206.08 203.10 Td (participated ) Tj ET Q q 0 0 0 rg BT 255.93 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.36 203.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 317.90 203.10 Td (with ) Tj ET Q q 0 0 0 rg BT 338.33 203.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.42 203.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 383.06 203.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 419.59 203.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 450.55 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.99 203.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 490.28 203.10 Td (its ) Tj ET Q q 0 0 0 rg BT 502.38 203.10 Td (shareholding ) Tj ET Q q 0 0 0 rg BT 556.69 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 567.12 203.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.75 191.10 Td (a ) Tj ET Q q 0 0 0 rg BT 52.17 191.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 88.58 191.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 122.49 191.10 Td (If ) Tj ET Q q 0 0 0 rg BT 131.12 191.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 164.20 191.10 Td (were ) Tj ET Q q 0 0 0 rg BT 185.60 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.36 191.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 223.98 191.10 Td (its ) Tj ET Q q 0 0 0 rg BT 235.40 191.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 279.03 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.79 191.10 Td (us ) Tj ET Q q 0 0 0 rg BT 299.65 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.40 191.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.82 191.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 352.23 191.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 386.14 191.10 Td (we ) Tj ET Q q 0 0 0 rg BT 399.78 191.10 Td (can ) Tj ET Q q 0 0 0 rg BT 415.63 191.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 448.15 191.10 Td (no ) Tj ET Q q 0 0 0 rg BT 460.12 191.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 500.96 191.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.93 191.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 551.01 191.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 179.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 72.65 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.65 179.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 115.41 179.10 Td (support ) Tj ET Q q 0 0 0 rg BT 147.63 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.29 179.10 Td (management ) Tj ET Q q 0 0 0 rg BT 217.60 179.10 Td (services ) Tj ET Q q 0 0 0 rg BT 252.02 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.02 179.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 275.63 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.28 179.10 Td (we ) Tj ET Q q 0 0 0 rg BT 306.16 179.10 Td (can ) Tj ET Q q 0 0 0 rg BT 322.26 179.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 355.02 179.10 Td (no ) Tj ET Q q 0 0 0 rg BT 367.24 179.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 408.33 179.10 Td (that ) Tj ET Q q 0 0 0 rg BT 425.54 179.10 Td (we ) Tj ET Q q 0 0 0 rg BT 439.42 179.10 Td (would ) Tj ET Q q 0 0 0 rg BT 466.64 179.10 Td (be ) Tj ET Q q 0 0 0 rg BT 478.29 179.10 Td (able ) Tj ET Q q 0 0 0 rg BT 497.17 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.16 179.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 538.24 179.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 572.13 179.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 167.10 Td (support ) Tj ET Q q 0 0 0 rg BT 68.41 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.26 167.10 Td (services ) Tj ET Q q 0 0 0 rg BT 119.87 167.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.06 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.69 167.10 Td (support ) Tj ET Q q 0 0 0 rg BT 187.10 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.95 167.10 Td (services ) Tj ET Q q 0 0 0 rg BT 238.56 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.30 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.15 167.10 Td (third ) Tj ET Q q 0 0 0 rg BT 277.45 167.10 Td (party ) Tj ET Q q 0 0 0 rg BT 300.40 167.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.81 167.10 Td (would ) Tj ET Q q 0 0 0 rg BT 345.22 167.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.07 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.81 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.43 167.10 Td (same ) Tj ET Q q 0 0 0 rg BT 405.39 167.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 435.57 167.10 Td (or ) Tj ET Q q 0 0 0 rg BT 446.31 167.10 Td (at ) Tj ET Q q 0 0 0 rg BT 455.94 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.57 167.10 Td (same ) Tj ET Q q 0 0 0 rg BT 493.52 167.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 514.54 167.10 Td (On ) Tj ET Q q 0 0 0 rg BT 529.17 167.10 Td (October1) Tj ET Q q 0 0 0 rg BT 568.51 167.10 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 155.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 61.00 155.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 94.60 155.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 140.42 155.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.91 155.10 Td (it ) Tj ET Q q 0 0 0 rg BT 165.97 155.10 Td (had ) Tj ET Q q 0 0 0 rg BT 182.91 155.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 216.50 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.78 155.10 Td (put ) Tj ET Q q 0 0 0 rg BT 242.06 155.10 Td (these ) Tj ET Q q 0 0 0 rg BT 265.11 155.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 313.17 155.10 Td (on ) Tj ET Q q 0 0 0 rg BT 325.67 155.10 Td (hold.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 131.10 Td (Newbuilding ) Tj ET Q q 0 0 0 rg BT 127.29 131.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 162.00 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.83 131.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.22 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.50 131.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 241.45 131.10 Td (that ) Tj ET Q q 0 0 0 rg BT 260.07 131.10 Td (could ) Tj ET Q q 0 0 0 rg BT 285.35 131.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 311.18 131.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 339.23 131.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.62 131.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 369.23 131.10 Td (overruns.) 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0 0 rg BT 465.39 107.10 Td (jack-up) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.37 107.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.41 107.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.99 107.10 Td (W) Tj ET Q q 0 0 0 rg BT 524.40 107.10 Td (est ) Tj ET Q q 0 0 0 rg BT 538.54 107.10 Td (Rigel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 562.68 107.10 Td (has ) Tj ET Q q 0 0 0 rg BT 578.51 107.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 95.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 83.32 95.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 140.66 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.89 95.10 Td ($454 ) Tj ET Q q 0 0 0 rg BT 174.79 95.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 209.08 95.10 Td (when ) Tj ET Q q 0 0 0 rg BT 233.64 95.10 Td (including ) Tj ET Q q 0 0 0 rg BT 274.31 95.10 Td (project ) Tj ET Q q 0 0 0 rg BT 304.97 95.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 361.46 95.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 402.12 95.10 Td (preparations, ) Tj ET Q q 0 0 0 rg BT 456.95 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.28 95.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 512.73 95.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 543.12 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 558.23 95.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 83.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 73.65 83.10 Td (price ) Tj ET Q q 0 0 0 rg BT 95.75 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 104.53 83.10 Td ($720 ) Tj ET Q q 0 0 0 rg BT 126.64 83.10 Td (million ) Tj ET Q q 0 0 0 rg BT 157.64 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.08 83.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.64 83.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.41 83.10 Td (have ) Tj ET Q q 0 0 0 rg BT 229.40 83.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 248.72 83.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 270.84 83.10 Td (million ) Tj ET Q q 0 0 0 rg BT 301.84 83.10 Td (as ) Tj ET Q q 0 0 0 rg BT 312.28 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.72 83.10 Td (December ) Tj ET Q q 0 0 0 rg BT 365.92 83.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 380.53 83.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 404.99 83.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.65 83.10 Td (W) Tj ET Q q 0 0 0 rg BT 430.06 83.10 Td (est ) Tj ET Q q 0 0 0 rg BT 443.28 83.10 Td (Rigel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.38 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.50 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 475.28 83.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 517.38 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.27 83.10 Td (be ) Tj ET Q q 0 0 0 rg BT 538.82 83.10 Td (delivered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.26 71.10 Td (us ) Tj ET Q q 0 0 0 rg BT 57.62 71.10 Td (in ) Tj ET Q q 0 0 0 rg BT 67.88 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.57 71.10 Td (second ) Tj ET Q q 0 0 0 rg BT 112.82 71.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 143.61 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.42 71.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 179.40 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.87 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.35 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.83 71.10 Td (For ) Tj ET Q q 0 0 0 rg BT 203.20 71.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 217.89 71.10 Td (W) Tj ET Q q 0 0 0 rg BT 225.30 71.10 Td (est ) Tj ET Q q 0 0 0 rg BT 238.89 71.10 Td (Rigel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.99 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.47 71.10 Td (we ) Tj ET Q q 0 0 0 rg BT 276.60 71.10 Td (will ) Tj ET Q q 0 0 0 rg BT 294.64 71.10 Td (need ) Tj ET Q q 0 0 0 rg BT 315.99 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.25 71.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 354.26 71.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 396.73 71.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 436.97 71.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.11 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.80 71.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 508.82 71.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 529.07 71.10 Td (installment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.96 749.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.47 749.10 Td (entry ) Tj ET Q q 0 0 0 rg BT 113.97 749.10 Td (into ) Tj ET Q q 0 0 0 rg BT 131.49 749.10 Td (new ) Tj ET Q q 0 0 0 rg BT 150.11 749.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 174.83 749.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 211.21 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.61 749.10 Td (access ) Tj ET Q q 0 0 0 rg BT 255.11 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.84 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.02 749.10 Td (public ) Tj ET Q q 0 0 0 rg BT 305.97 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.37 749.10 Td (private ) Tj ET Q q 0 0 0 rg BT 352.09 749.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 371.26 749.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 399.87 749.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 433.48 749.10 Td (are ) Tj ET Q q 0 0 0 rg BT 447.65 749.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 477.93 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.67 749.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 531.84 749.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (including ) Tj ET Q q 0 0 0 rg BT 75.80 737.10 Td (without ) Tj ET Q q 0 0 0 rg BT 108.39 737.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 151.80 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.05 737.10 Td (negotiation ) Tj ET Q q 0 0 0 rg BT 213.07 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.54 737.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 270.44 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.79 737.10 Td (definitive ) Tj ET Q q 0 0 0 rg BT 321.14 737.10 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 385.10 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.46 737.10 Td (well ) Tj ET Q q 0 0 0 rg BT 414.71 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 425.06 737.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 449.86 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.32 737.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 485.57 737.10 Td (market ) Tj ET Q q 0 0 0 rg BT 515.36 737.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 561.56 737.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (we ) Tj ET Q q 0 0 0 rg BT 50.16 725.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 79.32 725.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 106.81 725.10 Td (you ) Tj ET Q q 0 0 0 rg BT 124.31 725.10 Td (that ) Tj ET Q q 0 0 0 rg BT 141.80 725.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.96 725.10 Td (will ) Tj ET Q q 0 0 0 rg BT 174.02 725.10 Td (be ) Tj ET Q q 0 0 0 rg BT 185.96 725.10 Td (able ) Tj ET Q q 0 0 0 rg BT 205.11 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.39 725.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 242.88 725.10 Td (such ) Tj ET Q q 0 0 0 rg BT 263.71 725.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 303.98 725.10 Td (on ) Tj ET Q q 0 0 0 rg BT 316.48 725.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 341.20 725.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 385.88 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.16 725.10 Td (us ) Tj ET Q q 0 0 0 rg BT 407.55 725.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.38 725.10 Td (at ) Tj ET Q q 0 0 0 rg BT 428.10 725.10 Td (all.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 701.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.02 701.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.99 701.10 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 173.68 701.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 225.81 701.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 260.16 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 275.06 701.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 306.08 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.55 701.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 338.14 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.16 701.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 373.51 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.54 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 403.34 701.10 Td (overruns ) Tj ET Q q 0 0 0 rg BT 441.02 701.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 476.48 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.96 701.10 Td (any ) Tj ET Q q 0 0 0 rg BT 504.09 701.10 Td (lar) Tj ET Q q 0 0 0 rg BT 514.45 701.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 526.59 701.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (project ) Tj ET Q q 0 0 0 rg BT 65.63 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 86.94 689.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 128.24 689.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 159.82 689.10 Td (including ) Tj ET Q q 0 0 0 rg BT 199.46 689.10 Td (shortages ) Tj ET Q q 0 0 0 rg BT 239.10 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.29 689.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 295.87 689.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 334.39 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.59 689.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 373.12 689.10 Td (labor) Tj ET Q q 0 0 0 rg BT 393.27 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.64 689.10 Td (unscheduled ) Tj ET Q q 0 0 0 rg BT 449.49 689.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 476.90 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.55 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.63 689.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 535.27 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.46 689.10 Td (ordered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 74.00 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.79 677.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 133.36 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.04 677.10 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 178.83 677.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 232.11 677.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 259.56 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.24 677.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 312.80 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.93 677.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 342.72 677.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 371.84 677.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 398.74 677.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 450.62 677.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 492.24 677.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.57 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 538.25 677.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 665.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 80.73 665.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 130.62 665.10 Td (by ) Tj ET Q q 0 0 0 rg BT 142.21 665.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 186.02 665.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 219.27 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.19 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.00 665.10 Td (shipyard, ) Tj ET Q q 0 0 0 rg BT 281.52 665.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 336.98 665.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 362.45 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.37 665.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 412.83 665.10 Td (change ) Tj ET Q q 0 0 0 rg BT 442.74 665.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 471.82 665.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 506.74 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.11 665.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 542.70 665.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 68.79 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 79.91 653.10 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 124.09 653.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 180.75 653.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 199.65 653.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 239.09 653.10 Td (between ) Tj ET Q q 0 0 0 rg BT 275.20 653.10 Td (order ) Tj ET Q q 0 0 0 rg BT 299.09 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.33 653.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 348.44 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.73 653.10 Td (design ) Tj ET Q q 0 0 0 rg BT 382.64 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.76 653.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 443.76 653.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 478.76 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.99 653.10 Td (work ) Tj ET Q q 0 0 0 rg BT 519.34 653.10 Td (stoppages ) Tj ET Q q 0 0 0 rg BT 561.57 653.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 58.55 641.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 81.09 641.10 Td (disputes, ) Tj ET Q q 0 0 0 rg BT 118.37 641.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 150.90 641.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 184.55 641.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 228.21 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.54 641.10 Td (any ) Tj ET Q q 0 0 0 rg BT 254.98 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 277.52 641.10 Td (events ) Tj ET Q q 0 0 0 rg BT 305.07 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.40 641.10 Td (force ) Tj ET Q q 0 0 0 rg BT 337.93 641.10 Td (majeure. ) Tj ET Q q 0 0 0 rg BT 374.63 641.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 420.51 641.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 438.62 641.10 Td (overruns ) Tj ET Q q 0 0 0 rg BT 475.61 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 485.94 641.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 513.48 641.10 Td (could ) Tj ET Q q 0 0 0 rg BT 537.70 641.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 629.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 61.42 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.59 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.41 629.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 152.98 629.10 Td (results ) Tj ET Q q 0 0 0 rg BT 181.93 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.10 629.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 237.60 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.88 629.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 275.49 629.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 302.42 629.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 352.33 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 357.67 629.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 386.60 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.22 629.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 436.72 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.00 629.10 Td (project ) Tj ET Q q 0 0 0 rg BT 474.60 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 487.44 629.10 Td (time ) Tj ET Q q 0 0 0 rg BT 508.06 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 528.12 629.10 Td (result ) Tj ET Q q 0 0 0 rg BT 553.18 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 563.80 629.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 59.71 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 70.09 617.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 103.78 617.10 Td (from ) Tj ET Q q 0 0 0 rg BT 125.27 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 142.32 617.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 157.83 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 166.47 617.10 Td (e ) Tj ET Q q 0 0 0 rg BT 172.96 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 193.88 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 208.71 617.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 222.98 617.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 255.57 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.06 617.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 293.55 617.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 327.80 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.52 617.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.78 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 363.20 617.10 Td (est ) Tj ET Q q 0 0 0 rg BT 376.35 617.10 Td (Rigel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.46 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.51 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.00 617.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 444.14 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.97 617.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 481.56 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.05 617.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 519.54 617.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 553.80 617.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 77.60 605.10 Td (af) Tj ET Q q 0 0 0 rg BT 85.18 605.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 103.45 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 120.06 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.32 605.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 196.33 605.10 Td (New ) Tj ET Q q 0 0 0 rg BT 218.50 605.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 251.22 605.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 269.50 605.10 Td (may ) Tj ET Q q 0 0 0 rg BT 290.00 605.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 336.58 605.10 Td (start-up ) Tj ET Q q 0 0 0 rg BT 370.41 605.10 Td (dif) Tj ET Q q 0 0 0 rg BT 381.34 605.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 416.83 605.10 Td (following ) Tj ET Q q 0 0 0 rg BT 459.00 605.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 495.04 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.65 605.10 Td (other ) Tj ET Q q 0 0 0 rg BT 530.48 605.10 Td (unexpected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 83.61 593.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 123.47 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 141.10 593.10 Td (could ) Tj ET Q q 0 0 0 rg BT 165.95 593.10 Td (result ) Tj ET Q q 0 0 0 rg BT 190.80 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.21 593.10 Td (uncompensated ) Tj ET Q q 0 0 0 rg BT 266.05 593.10 Td (downtime, ) Tj ET Q q 0 0 0 rg BT 311.18 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 338.25 593.10 Td (also ) Tj ET Q q 0 0 0 rg BT 356.99 593.10 Td (could ) Tj ET Q q 0 0 0 rg BT 381.84 593.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 422.79 593.10 Td (af) Tj ET Q q 0 0 0 rg BT 430.38 593.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 448.00 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.96 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.58 593.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 538.94 593.10 Td (results ) Tj ET Q q 0 0 0 rg BT 567.68 593.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.16 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.09 581.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.36 581.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 142.08 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.91 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.63 581.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 218.44 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.27 581.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 277.87 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.70 581.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 320.64 581.10 Td (contracts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.17 557.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 124.24 557.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 164.52 557.10 Td (may ) Tj ET Q q 0 0 0 rg BT 184.24 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 200.08 557.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 229.24 557.10 Td (us ) Tj ET Q q 0 0 0 rg BT 241.19 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.47 557.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 272.86 557.10 Td (recoup ) Tj ET Q q 0 0 0 rg BT 303.69 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.64 557.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 339.25 557.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 380.08 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.92 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.20 557.10 Td (event ) Tj ET Q q 0 0 0 rg BT 430.35 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.18 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.68 557.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 466.18 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.02 557.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 533.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.63 533.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 121.14 533.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 159.31 533.10 Td (have ) Tj ET Q q 0 0 0 rg BT 180.26 533.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 215.65 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.72 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 247.00 533.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 269.62 533.10 Td (over ) Tj ET Q q 0 0 0 rg BT 289.47 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.76 533.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 338.03 533.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 360.93 533.10 Td (In ) Tj ET Q q 0 0 0 rg BT 371.34 533.10 Td (order ) Tj ET Q q 0 0 0 rg BT 394.51 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.36 533.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 439.21 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.50 533.10 Td (ef) Tj ET Q q 0 0 0 rg BT 461.08 533.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 482.04 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.44 533.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 528.40 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 540.47 533.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 58.53 521.10 Td (these ) Tj ET Q q 0 0 0 rg BT 82.17 521.10 Td (term ) Tj ET Q q 0 0 0 rg BT 103.58 521.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 145.26 521.10 Td (all ) Tj ET Q q 0 0 0 rg BT 158.35 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.77 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.19 521.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 218.72 521.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 257.91 521.10 Td (include ) Tj ET Q q 0 0 0 rg BT 290.43 521.10 Td (escalation ) Tj ET Q q 0 0 0 rg BT 333.50 521.10 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 380.54 521.10 Td (These ) Tj ET Q q 0 0 0 rg BT 407.50 521.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 452.26 521.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 477.57 521.10 Td (us ) Tj ET Q q 0 0 0 rg BT 489.55 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.42 521.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 527.39 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.70 521.10 Td (dayrates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (based ) Tj ET Q q 0 0 0 rg BT 61.46 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 74.15 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.05 509.10 Td (published ) Tj ET Q q 0 0 0 rg BT 145.63 509.10 Td (indices. ) Tj ET Q q 0 0 0 rg BT 178.95 509.10 Td (These ) Tj ET Q q 0 0 0 rg BT 205.52 509.10 Td (indices ) Tj ET Q q 0 0 0 rg BT 236.53 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.43 509.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 289.67 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.14 509.10 Td (recompense ) Tj ET Q q 0 0 0 rg BT 350.59 509.10 Td (us ) Tj ET Q q 0 0 0 rg BT 362.17 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.52 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 406.42 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 425.22 509.10 Td (increases, ) Tj ET Q q 0 0 0 rg BT 467.05 509.10 Td (including ) Tj ET Q q 0 0 0 rg BT 507.52 509.10 Td (wages, ) Tj ET Q q 0 0 0 rg BT 537.70 509.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.83 497.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 105.75 497.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 130.64 497.10 Td (However) Tj ET Q q 0 0 0 rg BT 166.89 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.78 497.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 198.05 497.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 216.55 497.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 255.58 497.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.19 497.10 Td (result ) Tj ET Q q 0 0 0 rg BT 299.80 497.10 Td (from ) Tj ET Q q 0 0 0 rg BT 321.63 497.10 Td (events ) Tj ET Q q 0 0 0 rg BT 349.57 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.29 497.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 404.35 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 421.73 497.10 Td (do ) Tj ET Q q 0 0 0 rg BT 434.13 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 449.29 497.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 473.89 497.10 Td (correlative ) Tj ET Q q 0 0 0 rg BT 519.03 497.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 553.63 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.80 497.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 79.64 485.10 Td (indices. ) Tj ET Q q 0 0 0 rg BT 113.01 485.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 168.04 485.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 197.79 485.10 Td (indices ) Tj ET Q q 0 0 0 rg BT 228.67 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.42 485.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 277.62 485.10 Td (semi-annually) Tj ET Q q 0 0 0 rg BT 333.63 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.67 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.66 485.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 394.29 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 414.06 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 426.04 485.10 Td (outdated ) Tj ET Q q 0 0 0 rg BT 463.02 485.10 Td (at ) Tj ET Q q 0 0 0 rg BT 472.79 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.55 485.10 Td (time ) Tj ET Q q 0 0 0 rg BT 507.87 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.75 485.10 Td (adjustment. ) Tj ET Q q 0 0 0 rg BT 567.68 485.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 73.93 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.80 473.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 139.23 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.09 473.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 192.85 473.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 237.15 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.81 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.90 473.10 Td (semi-annual ) Tj ET Q q 0 0 0 rg BT 308.43 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.41 473.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 348.72 473.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 373.88 473.10 Td (For ) Tj ET Q q 0 0 0 rg BT 390.43 473.10 Td (these ) Tj ET Q q 0 0 0 rg BT 413.63 473.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 448.77 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.65 473.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 492.41 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.51 473.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 542.16 473.10 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 46.77 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 53.64 461.10 Td (result ) Tj ET Q q 0 0 0 rg BT 78.29 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.06 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.71 461.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 153.92 461.10 Td (may ) Tj ET Q q 0 0 0 rg BT 173.58 461.10 Td (dif) Tj ET Q q 0 0 0 rg BT 184.51 461.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 198.04 461.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.92 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.57 461.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 263.12 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.99 461.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 312.43 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.19 461.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 376.72 461.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 420.25 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.47 461.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 466.78 461.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 485.32 461.10 Td (increases, ) Tj ET Q q 0 0 0 rg BT 526.90 461.10 Td (which ) Tj ET Q q 0 0 0 rg BT 553.78 461.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 76.82 449.10 Td (af) Tj ET Q q 0 0 0 rg BT 84.40 449.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 101.89 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.72 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.99 449.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 158.82 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.76 449.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 203.81 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.09 449.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 231.02 449.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 272.41 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.69 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.52 449.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (An ) Tj ET Q q 0 0 0 rg BT 86.73 425.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 123.67 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.51 425.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 176.46 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.52 425.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 250.35 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 272.85 425.10 Td (could ) Tj ET Q q 0 0 0 rg BT 298.13 425.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 342.29 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.35 425.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 401.17 425.10 Td (af) Tj ET Q q 0 0 0 rg BT 409.32 425.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 426.80 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.76 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.48 425.10 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.95 401.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 132.12 401.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 171.62 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.46 401.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 243.39 401.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 266.79 401.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 299.07 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.48 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.32 401.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 351.48 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.21 401.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 393.82 401.10 Td (including ) Tj ET Q q 0 0 0 rg BT 435.00 401.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 457.83 401.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 483.73 401.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 531.31 401.10 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 80.12 389.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 133.95 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.70 389.10 Td (repairs ) Tj ET Q q 0 0 0 rg BT 182.21 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.95 389.10 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 237.69 389.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 263.50 389.10 Td (many ) Tj ET Q q 0 0 0 rg BT 289.02 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.65 389.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.40 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.91 389.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 376.65 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.29 389.10 Td (control ) Tj ET Q q 0 0 0 rg BT 424.92 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.66 389.10 Td (af) Tj ET Q q 0 0 0 rg BT 450.25 389.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 468.54 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.06 389.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 510.13 389.10 Td (of) Tj ET Q q 0 0 0 rg BT 518.28 389.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 546.57 389.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (industry) Tj ET Q q 0 0 0 rg BT 68.13 377.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.11 377.10 Td (During ) Tj ET Q q 0 0 0 rg BT 105.92 377.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 138.83 377.10 Td (after ) Tj ET Q q 0 0 0 rg BT 160.63 377.10 Td (which ) Tj ET Q q 0 0 0 rg BT 188.54 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.46 377.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 211.04 377.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 249.51 377.10 Td (idle, ) Tj ET Q q 0 0 0 rg BT 270.48 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.62 377.10 Td (may ) Tj ET Q q 0 0 0 rg BT 306.31 377.10 Td (decide ) Tj ET Q q 0 0 0 rg BT 335.89 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.14 377.10 Td (warm ) Tj ET Q q 0 0 0 rg BT 377.83 377.10 Td (stack ) Tj ET Q q 0 0 0 rg BT 406.29 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.99 377.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 439.07 377.10 Td (which ) Tj ET Q q 0 0 0 rg BT 466.99 377.10 Td (means ) Tj ET Q q 0 0 0 rg BT 496.01 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.71 377.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 526.29 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 536.44 377.10 Td (kept ) Tj ET Q q 0 0 0 rg BT 557.14 377.10 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 83.28 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.02 365.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 124.52 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.48 365.10 Td (redeployment, ) Tj ET Q q 0 0 0 rg BT 198.26 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.00 365.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 256.18 365.10 Td (most ) Tj ET Q q 0 0 0 rg BT 277.93 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.55 365.10 Td (its ) Tj ET Q q 0 0 0 rg BT 300.30 365.10 Td (crew) Tj ET Q q 0 0 0 rg BT 319.08 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 323.37 365.10 Td (As ) Tj ET Q q 0 0 0 rg BT 336.78 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.52 365.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 370.54 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.17 365.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 426.23 365.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 464.63 365.10 Td (during ) Tj ET Q q 0 0 0 rg BT 493.03 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.77 365.10 Td (warm ) Tj ET Q q 0 0 0 rg BT 524.84 365.10 Td (stacking ) Tj ET Q q 0 0 0 rg BT 560.46 365.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 51.08 353.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.82 353.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 115.67 353.10 Td (dif) Tj ET Q q 0 0 0 rg BT 126.60 353.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 152.22 353.10 Td (than ) Tj ET Q q 0 0 0 rg BT 171.73 353.10 Td (those ) Tj ET Q q 0 0 0 rg BT 195.14 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 209.11 353.10 Td (would ) Tj ET Q q 0 0 0 rg BT 236.41 353.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 259.26 353.10 Td (if ) Tj ET Q q 0 0 0 rg BT 267.67 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.18 353.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 295.59 353.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 335.10 353.10 Td (active. ) Tj ET Q q 0 0 0 rg BT 363.60 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 372.24 353.10 Td (e ) Tj ET Q q 0 0 0 rg BT 378.98 353.10 Td (may ) Tj ET Q q 0 0 0 rg BT 398.50 353.10 Td (also ) Tj ET Q q 0 0 0 rg BT 416.91 353.10 Td (decide ) Tj ET Q q 0 0 0 rg BT 445.30 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.38 353.10 Td (cold ) Tj ET Q q 0 0 0 rg BT 479.34 353.10 Td (stack ) Tj ET Q q 0 0 0 rg BT 506.63 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.14 353.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 537.05 353.10 Td (which ) Tj ET Q q 0 0 0 rg BT 563.79 353.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (means ) Tj ET Q q 0 0 0 rg BT 63.50 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.68 341.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 90.75 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 99.37 341.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 125.77 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.51 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.90 341.10 Td (harbor) Tj ET Q q 0 0 0 rg BT 167.60 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.06 341.10 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 208.46 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.74 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.14 341.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 269.86 341.10 Td (of) Tj ET Q q 0 0 0 rg BT 278.01 341.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 304.96 341.10 Td (area, ) Tj ET Q q 0 0 0 rg BT 326.06 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.46 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.63 341.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 378.02 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.65 341.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 423.05 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.78 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 444.18 341.10 Td (active ) Tj ET Q q 0 0 0 rg BT 470.01 341.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 483.08 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.36 341.10 Td (dismissed. ) Tj ET Q q 0 0 0 rg BT 537.27 341.10 Td (However) Tj ET Q q 0 0 0 rg BT 573.52 341.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 80.12 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.36 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 112.82 329.10 Td (following ) Tj ET Q q 0 0 0 rg BT 154.17 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.85 329.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 204.64 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.88 329.10 Td (cold ) Tj ET Q q 0 0 0 rg BT 234.56 329.10 Td (stack ) Tj ET Q q 0 0 0 rg BT 257.57 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.47 329.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 278.04 329.10 Td (may ) Tj ET Q q 0 0 0 rg BT 297.72 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 312.96 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 324.86 329.10 Td (immediate, ) Tj ET Q q 0 0 0 rg BT 372.03 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.82 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.72 329.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 421.07 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.86 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.54 329.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 468.43 329.10 Td (may ) Tj ET Q q 0 0 0 rg BT 488.11 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 500.01 329.10 Td (required ) Tj ET Q q 0 0 0 rg BT 535.79 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 546.03 329.10 Td (prepare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.02 317.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 62.92 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 76.38 317.10 Td (such ) Tj ET Q q 0 0 0 rg BT 96.51 317.10 Td (storage. ) Tj ET Q q 0 0 0 rg BT 129.69 317.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 168.72 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 173.02 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.15 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 198.28 317.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 229.52 317.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 246.32 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.32 317.10 Td (mobilized ) Tj ET Q q 0 0 0 rg BT 302.11 317.10 Td (from ) Tj ET Q q 0 0 0 rg BT 323.35 317.10 Td (one ) Tj ET Q q 0 0 0 rg BT 339.59 317.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 385.81 317.10 Td (location ) Tj ET Q q 0 0 0 rg BT 419.82 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.40 317.10 Td (another) Tj ET Q q 0 0 0 rg BT 458.99 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.29 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.30 317.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 499.65 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.89 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 538.23 317.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.72 305.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 105.53 305.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 127.82 305.10 Td (can ) Tj ET Q q 0 0 0 rg BT 143.98 305.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 164.03 305.10 Td (significantly) Tj ET Q q 0 0 0 rg BT 213.37 305.10 Td (. ) Tj ET Q q 0 0 0 rg BT 218.16 305.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 260.43 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.15 305.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 329.96 305.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 352.25 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 370.09 305.10 Td (not ) Tj ET Q q 0 0 0 rg BT 385.15 305.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 431.86 305.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 469.12 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.18 305.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 523.68 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.75 305.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 568.24 305.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 75.74 293.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 115.75 293.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 157.72 293.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 195.23 293.10 Td (may ) Tj ET Q q 0 0 0 rg BT 214.42 293.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 251.38 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 261.69 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.10 293.10 Td (function ) Tj ET Q q 0 0 0 rg BT 303.40 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.71 293.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 347.89 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.65 293.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 386.29 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.60 293.10 Td (of) Tj ET Q q 0 0 0 rg BT 404.75 293.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 431.72 293.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 463.14 293.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 480.11 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.53 293.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 530.16 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.80 293.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.71 281.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 106.69 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 134.40 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.45 281.10 Td (turn, ) Tj ET Q q 0 0 0 rg BT 167.33 281.10 Td (af) Tj ET Q q 0 0 0 rg BT 174.92 281.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 193.18 281.10 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 232.26 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.97 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.46 281.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 307.61 281.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 351.42 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.13 281.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 422.93 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.53 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 451.13 281.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 472.17 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.77 281.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 516.48 281.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 537.25 281.10 Td (However) Tj ET Q q 0 0 0 rg BT 573.50 281.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 76.43 269.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 99.09 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 113.97 269.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 153.83 269.10 Td (related ) Tj ET Q q 0 0 0 rg BT 183.70 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.14 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.03 269.10 Td (number ) Tj ET Q q 0 0 0 rg BT 242.24 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.23 269.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 285.34 269.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 303.01 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.45 269.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 353.88 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.98 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.86 269.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 404.64 269.10 Td (level ) Tj ET Q q 0 0 0 rg BT 426.74 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.18 269.10 Td (each ) Tj ET Q q 0 0 0 rg BT 458.16 269.10 Td (country ) Tj ET Q q 0 0 0 rg BT 491.37 269.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.37 269.10 Td (region ) Tj ET Q q 0 0 0 rg BT 530.58 269.10 Td (where ) Tj ET Q q 0 0 0 rg BT 557.67 269.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.28 257.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 86.13 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 101.17 257.10 Td (located. ) Tj ET Q q 0 0 0 rg BT 135.39 257.10 Td (In ) Tj ET Q q 0 0 0 rg BT 146.56 257.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 184.67 257.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 229.72 257.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 283.09 257.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 305.93 257.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 343.75 257.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 388.25 257.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 411.09 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.15 257.10 Td (type ) Tj ET Q q 0 0 0 rg BT 446.21 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.38 257.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 490.21 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 508.04 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.10 257.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 555.39 257.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 569.33 257.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 83.26 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.97 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.46 245.10 Td (age ) Tj ET Q q 0 0 0 rg BT 130.61 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.32 245.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 187.36 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.96 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.45 245.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 259.44 245.10 Td (Escalation ) Tj ET Q q 0 0 0 rg BT 303.36 245.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 347.30 245.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 388.44 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.49 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.10 245.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 445.81 245.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 484.18 245.10 Td (may ) Tj ET Q q 0 0 0 rg BT 503.67 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.72 245.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.43 245.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 568.23 245.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 89.27 233.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 124.76 233.10 Td (these ) Tj ET Q q 0 0 0 rg BT 148.02 233.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 188.50 233.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 228.98 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.14 233.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 299.38 233.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 324.60 233.10 Td (In ) Tj ET Q q 0 0 0 rg BT 335.65 233.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 382.24 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 402.74 233.10 Td (new ) Tj ET Q q 0 0 0 rg BT 422.12 233.10 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 476.22 233.10 Td (we ) Tj ET Q q 0 0 0 rg BT 490.60 233.10 Td (might ) Tj ET Q q 0 0 0 rg BT 516.65 233.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 539.92 233.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 69.91 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.06 221.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 129.96 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.99 221.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.01 221.10 Td (under ) Tj ET Q q 0 0 0 rg BT 216.15 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.95 221.10 Td (new ) Tj ET Q q 0 0 0 rg BT 243.98 221.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 281.81 221.10 Td (The ) Tj ET Q q 0 0 0 rg BT 300.72 221.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 340.19 221.10 Td (may ) Tj ET Q q 0 0 0 rg BT 360.77 221.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 381.91 221.10 Td (based ) Tj ET Q q 0 0 0 rg BT 408.05 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 421.42 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.00 221.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 463.14 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.94 221.10 Td (length ) Tj ET Q q 0 0 0 rg BT 509.31 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.01 221.10 Td (such ) Tj ET Q q 0 0 0 rg BT 542.70 221.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (preparations ) Tj ET Q q 0 0 0 rg BT 87.79 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.59 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.17 209.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 154.86 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.55 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.13 209.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 226.91 209.10 Td (period ) Tj ET Q q 0 0 0 rg BT 254.82 209.10 Td (over ) Tj ET Q q 0 0 0 rg BT 274.96 209.10 Td (which ) Tj ET Q q 0 0 0 rg BT 301.76 209.10 Td (such ) Tj ET Q q 0 0 0 rg BT 322.45 209.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 375.91 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.48 209.10 Td (amortized. ) Tj ET Q q 0 0 0 rg BT 435.32 209.10 Td (In ) Tj ET Q q 0 0 0 rg BT 446.01 209.10 Td (situations ) Tj ET Q q 0 0 0 rg BT 486.71 209.10 Td (where ) Tj ET Q q 0 0 0 rg BT 513.50 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 529.20 209.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 561.00 209.10 Td (rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 58.90 197.10 Td (idle ) Tj ET Q q 0 0 0 rg BT 76.25 197.10 Td (time ) Tj ET Q q 0 0 0 rg BT 96.38 197.10 Td (between ) Tj ET Q q 0 0 0 rg BT 132.05 197.10 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 185.79 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.36 197.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 249.38 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.52 197.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 288.52 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.09 197.10 Td (size ) Tj ET Q q 0 0 0 rg BT 320.99 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.68 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.36 197.10 Td (crews ) Tj ET Q q 0 0 0 rg BT 373.04 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.39 197.10 Td (those ) Tj ET Q q 0 0 0 rg BT 408.86 197.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 440.65 197.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 458.01 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 467.03 197.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 497.72 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 508.40 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.98 197.10 Td (crews ) Tj ET Q q 0 0 0 rg BT 548.65 197.10 Td (will ) Tj ET Q q 0 0 0 rg BT 566.56 197.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 72.11 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.68 185.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 123.79 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.80 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 171.03 185.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 184.94 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.39 185.10 Td (its ) Tj ET Q q 0 0 0 rg BT 211.63 185.10 Td (next ) Tj ET Q q 0 0 0 rg BT 231.64 185.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 268.93 185.10 Td (When ) Tj ET Q q 0 0 0 rg BT 295.60 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.83 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 335.07 185.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 348.97 185.10 Td (faces ) Tj ET Q q 0 0 0 rg BT 372.30 185.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 400.64 185.10 Td (idle ) Tj ET Q q 0 0 0 rg BT 418.43 185.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 453.16 185.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 497.61 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.18 185.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 530.97 185.10 Td (may ) Tj ET Q q 0 0 0 rg BT 550.98 185.10 Td (not ) Tj ET Q q 0 0 0 rg BT 566.56 185.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 81.38 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 92.88 173.10 Td (some ) Tj ET Q q 0 0 0 rg BT 117.15 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.65 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.04 173.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 166.63 173.10 Td (may ) Tj ET Q q 0 0 0 rg BT 187.02 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 199.63 173.10 Td (required ) Tj ET Q q 0 0 0 rg BT 236.11 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.06 173.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 280.20 173.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 312.82 173.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 330.99 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 345.81 173.10 Td (stacking ) Tj ET Q q 0 0 0 rg BT 382.31 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.92 173.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 453.61 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.56 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.95 173.10 Td (stacking ) Tj ET Q q 0 0 0 rg BT 516.44 173.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 547.66 173.10 Td (Should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.25 161.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 86.06 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 98.31 161.10 Td (idle ) Tj ET Q q 0 0 0 rg BT 116.11 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 130.58 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.83 161.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 166.19 161.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 197.04 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 211.51 161.10 Td (may ) Tj ET Q q 0 0 0 rg BT 231.54 161.10 Td (not ) Tj ET Q q 0 0 0 rg BT 247.12 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.37 161.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 303.28 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.87 161.10 Td (redeploying ) Tj ET Q q 0 0 0 rg BT 364.44 161.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 386.68 161.10 Td (members, ) Tj ET Q q 0 0 0 rg BT 428.64 161.10 Td (who ) Tj ET Q q 0 0 0 rg BT 448.67 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 463.69 161.10 Td (not ) Tj ET Q q 0 0 0 rg BT 479.28 161.10 Td (required ) Tj ET Q q 0 0 0 rg BT 515.40 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.99 161.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 563.79 161.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.94 149.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 87.94 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.88 149.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 143.47 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.18 149.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.46 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.40 149.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 234.00 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.28 149.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 281.76 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 297.59 149.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 320.09 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.37 149.10 Td (such ) Tj ET Q q 0 0 0 rg BT 351.20 149.10 Td (cases.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 125.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.72 125.10 Td (may ) Tj ET Q q 0 0 0 rg BT 108.07 125.10 Td (not ) Tj ET Q q 0 0 0 rg BT 124.55 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 137.12 125.10 Td (able ) Tj ET Q q 0 0 0 rg BT 157.47 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.39 125.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 196.52 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.55 125.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 237.80 125.10 Td (new ) Tj ET Q q 0 0 0 rg BT 257.61 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.30 125.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 318.31 125.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 359.23 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.58 125.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 408.28 125.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 426.98 125.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 455.68 125.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 496.59 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 513.05 125.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 550.64 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 562.66 125.10 Td (are ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 85.44 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 112.95 113.10 Td (could ) Tj ET Q q 0 0 0 rg BT 138.23 113.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 179.05 113.10 Td (af) Tj ET Q q 0 0 0 rg BT 187.20 113.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 204.68 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.63 113.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 260.79 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.86 113.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 326.82 113.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.16 89.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 118.32 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.71 89.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 155.75 89.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 191.69 89.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 230.39 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.33 89.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 268.93 89.10 Td (new ) Tj ET Q q 0 0 0 rg BT 288.20 89.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 326.91 89.10 Td (will ) Tj ET Q q 0 0 0 rg BT 345.07 89.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 376.56 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 389.17 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.00 89.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 447.15 89.10 Td (market ) Tj ET Q q 0 0 0 rg BT 477.52 89.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 521.80 89.10 Td (at ) Tj ET Q q 0 0 0 rg BT 531.62 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.45 89.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 569.33 89.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 50.74 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 66.02 77.10 Td (not ) Tj ET Q q 0 0 0 rg BT 81.88 77.10 Td (able ) Tj ET Q q 0 0 0 rg BT 101.61 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.47 77.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 140.54 77.10 Td (new ) Tj ET Q q 0 0 0 rg BT 160.28 77.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 199.45 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.31 77.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 236.15 77.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 289.21 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.07 77.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 344.81 77.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 386.48 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 397.89 77.10 Td (if ) Tj ET Q q 0 0 0 rg BT 407.08 77.10 Td (new ) Tj ET Q q 0 0 0 rg BT 426.82 77.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 465.99 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 481.27 77.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 513.77 77.10 Td (into ) Tj ET Q q 0 0 0 rg BT 532.41 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 542.70 77.10 Td (dayrates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 89.48 65.10 Td (below ) Tj ET Q q 0 0 0 rg BT 116.84 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.98 65.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 166.57 65.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 202.81 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.07 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.99 65.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 252.13 65.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 293.93 65.10 Td (less ) Tj ET Q q 0 0 0 rg BT 311.86 65.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 352.54 65.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 394.89 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.59 65.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 440.18 65.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 479.20 65.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 506.84 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 523.09 65.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 561.56 65.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 86.27 53.10 Td (could ) Tj ET Q q 0 0 0 rg BT 110.99 53.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.92 53.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 163.74 53.10 Td (af) Tj ET Q q 0 0 0 rg BT 171.33 53.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.87 749.10 Td (of) Tj ET Q q 0 0 0 rg BT 98.02 749.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 125.34 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 157.11 749.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 191.09 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.19 749.10 Td (which ) Tj ET Q q 0 0 0 rg BT 227.96 749.10 Td (we ) Tj ET Q q 0 0 0 rg BT 241.94 749.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 278.14 749.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 323.77 749.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 373.30 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.41 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.95 749.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 431.93 749.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.92 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 477.69 749.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 514.72 749.10 Td (as ) Tj ET Q q 0 0 0 rg BT 525.37 749.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 566.02 749.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.75 737.10 Td (level ) Tj ET Q q 0 0 0 rg BT 72.72 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.58 737.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 131.66 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.63 737.10 Td (development ) Tj ET Q q 0 0 0 rg BT 202.82 737.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 256.44 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.42 737.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 302.62 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.49 737.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 346.55 737.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 378.53 737.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 425.59 737.10 Td (The ) Tj ET Q q 0 0 0 rg BT 443.67 737.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 477.87 737.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 509.85 737.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 548.48 737.10 Td (for ) Tj ET Q q 0 0 0 rg BT 562.67 737.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.48 725.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 86.51 725.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 125.63 725.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 168.10 725.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.34 725.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 226.36 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.17 725.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 265.18 725.10 Td (from ) Tj ET Q q 0 0 0 rg BT 286.99 725.10 Td (August ) Tj ET Q q 0 0 0 rg BT 318.91 725.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 341.94 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.08 725.10 Td (April ) Tj ET Q q 0 0 0 rg BT 376.22 725.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 401.76 725.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 427.01 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.26 725.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 485.83 725.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.20 725.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 546.33 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.69 725.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (current ) Tj ET Q q 0 0 0 rg BT 66.65 713.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 107.59 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.59 713.10 Td (may ) Tj ET Q q 0 0 0 rg BT 141.14 713.10 Td (not ) Tj ET Q q 0 0 0 rg BT 156.26 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 168.04 713.10 Td (able ) Tj ET Q q 0 0 0 rg BT 187.03 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.15 713.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 224.48 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 262.91 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.91 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.58 713.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 324.36 713.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 341.70 713.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 380.14 713.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 421.91 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.69 713.10 Td (there ) Tj ET Q q 0 0 0 rg BT 461.01 713.10 Td (may ) Tj ET Q q 0 0 0 rg BT 480.57 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.34 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.12 713.10 Td (gap ) Tj ET Q q 0 0 0 rg BT 515.90 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.01 713.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.41 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 60.70 701.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 77.78 701.10 Td (between ) Tj ET Q q 0 0 0 rg BT 113.17 701.10 Td (current ) Tj ET Q q 0 0 0 rg BT 143.57 701.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 181.74 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.25 701.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 244.77 701.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 285.44 701.10 Td (In ) Tj ET Q q 0 0 0 rg BT 295.85 701.10 Td (particular) Tj ET Q q 0 0 0 rg BT 333.76 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.34 701.10 Td (if ) Tj ET Q q 0 0 0 rg BT 346.52 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 359.16 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.67 701.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 391.08 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 417.04 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.32 701.10 Td (low) Tj ET Q q 0 0 0 rg BT 445.67 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.25 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.66 701.10 Td (it ) Tj ET Q q 0 0 0 rg BT 468.29 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 477.04 701.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 514.65 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 531.72 701.10 Td (such ) Tj ET Q q 0 0 0 rg BT 552.13 701.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (will ) Tj ET Q q 0 0 0 rg BT 53.96 689.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 90.77 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.95 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.57 689.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 144.35 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 153.97 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.81 689.10 Td (time ) Tj ET Q q 0 0 0 rg BT 180.98 689.10 Td (when ) Tj ET Q q 0 0 0 rg BT 205.04 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 219.11 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.71 689.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 266.66 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.84 689.10 Td (arrange ) Tj ET Q q 0 0 0 rg BT 309.22 689.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 347.71 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 361.78 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.51 689.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 409.35 689.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 429.25 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 443.31 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 462.93 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 478.11 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 489.95 689.10 Td (able ) Tj ET Q q 0 0 0 rg BT 509.01 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.19 689.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 546.58 689.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 74.59 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 84.31 677.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 124.01 677.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 159.82 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.65 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 180.37 677.10 Td (all.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (If ) Tj ET Q q 0 0 0 rg BT 81.77 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.10 653.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 133.53 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 161.08 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 175.85 653.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 207.83 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 222.60 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.93 653.10 Td (reemployment ) Tj ET Q q 0 0 0 rg BT 298.80 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.25 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.69 653.10 Td (current ) Tj ET Q q 0 0 0 rg BT 358.12 653.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.67 653.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 408.79 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.11 653.10 Td (less ) Tj ET Q q 0 0 0 rg BT 442.22 653.10 Td (favorable, ) Tj ET Q q 0 0 0 rg BT 485.59 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 500.36 653.10 Td (will ) Tj ET Q q 0 0 0 rg BT 519.03 653.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 561.00 653.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 70.67 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 93.12 641.10 Td (their ) Tj ET Q q 0 0 0 rg BT 114.47 641.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 161.64 641.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 180.22 641.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 208.79 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.59 641.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 242.04 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.39 641.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.18 641.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 300.53 641.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 347.99 641.10 Td (will ) Tj ET Q q 0 0 0 rg BT 366.57 641.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 398.47 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.49 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.84 641.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 456.41 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.21 641.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 518.00 641.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 546.56 641.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 73.66 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 86.88 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 101.77 629.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 132.77 629.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 149.33 629.10 Td (at ) Tj ET Q q 0 0 0 rg BT 158.11 629.10 Td (suf) Tj ET Q q 0 0 0 rg BT 170.15 629.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 205.04 629.10 Td (high ) Tj ET Q q 0 0 0 rg BT 224.38 629.10 Td (dayrates. ) Tj ET Q q 0 0 0 rg BT 261.64 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.28 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 276.28 629.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 304.49 629.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 333.82 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.60 629.10 Td (future ) Tj ET Q q 0 0 0 rg BT 373.04 629.10 Td (level ) Tj ET Q q 0 0 0 rg BT 394.03 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.92 629.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 437.14 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 450.36 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.25 629.10 Td (services ) Tj ET Q q 0 0 0 rg BT 499.02 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.91 629.10 Td (future ) Tj ET Q q 0 0 0 rg BT 534.35 629.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.30 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.05 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 74.13 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.09 617.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 106.95 617.10 Td (industry) Tj ET Q q 0 0 0 rg BT 139.08 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.10 617.10 Td (If ) Tj ET Q q 0 0 0 rg BT 153.29 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 166.37 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.34 617.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 199.19 617.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 244.48 617.10 Td (do ) Tj ET Q q 0 0 0 rg BT 257.01 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 272.31 617.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 309.27 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.58 617.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 354.86 617.10 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 405.42 617.10 Td (development ) Tj ET Q q 0 0 0 rg BT 459.60 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.56 617.10 Td (production ) Tj ET Q q 0 0 0 rg BT 522.42 617.10 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (we ) Tj ET Q q 0 0 0 rg BT 50.76 605.10 Td (may ) Tj ET Q q 0 0 0 rg BT 71.08 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 93.06 605.10 Td (dif) Tj ET Q q 0 0 0 rg BT 103.99 605.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 133.19 605.10 Td (securing ) Tj ET Q q 0 0 0 rg BT 170.17 605.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 202.72 605.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 244.41 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.85 605.10 Td (we ) Tj ET Q q 0 0 0 rg BT 270.61 605.10 Td (may ) Tj ET Q q 0 0 0 rg BT 290.93 605.10 Td (be ) Tj ET Q q 0 0 0 rg BT 303.47 605.10 Td (forced ) Tj ET Q q 0 0 0 rg BT 332.11 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.99 605.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 366.07 605.10 Td (into ) Tj ET Q q 0 0 0 rg BT 384.73 605.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 423.93 605.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.25 605.10 Td (unattractive ) Tj ET Q q 0 0 0 rg BT 484.55 605.10 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 523.46 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 551.00 605.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 76.82 593.10 Td (af) Tj ET Q q 0 0 0 rg BT 84.40 593.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 101.89 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.72 593.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 145.77 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.05 593.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 172.99 593.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 214.37 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.65 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.48 593.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.17 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 119.24 569.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 165.06 569.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 200.33 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.05 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 232.00 569.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 252.27 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.10 569.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 296.17 569.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 314.23 569.10 Td (may ) Tj ET Q q 0 0 0 rg BT 333.94 569.10 Td (not ) Tj ET Q q 0 0 0 rg BT 349.78 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 361.72 569.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 405.33 569.10 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.40 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.01 545.10 Td (December ) Tj ET Q q 0 0 0 rg BT 145.38 545.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.16 545.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 188.94 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.44 545.10 Td (future ) Tj ET Q q 0 0 0 rg BT 233.60 545.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 279.53 545.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 315.46 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.40 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.01 545.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 371.06 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.67 545.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 417.40 545.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 439.18 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.80 545.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 488.28 545.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 522.01 545.10 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 560.45 545.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 96.90 533.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 117.54 533.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 146.80 533.10 Td (under ) Tj ET Q q 0 0 0 rg BT 172.71 533.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 193.07 533.10 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 252.92 533.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.56 533.10 Td (e ) Tj ET Q q 0 0 0 rg BT 269.14 533.10 Td (may ) Tj ET Q q 0 0 0 rg BT 289.50 533.10 Td (not ) Tj ET Q q 0 0 0 rg BT 305.42 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.00 533.10 Td (able ) Tj ET Q q 0 0 0 rg BT 337.80 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.72 533.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 384.07 533.10 Td (under ) Tj ET Q q 0 0 0 rg BT 409.98 533.10 Td (these ) Tj ET Q q 0 0 0 rg BT 433.67 533.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 472.90 533.10 Td (due ) Tj ET Q q 0 0 0 rg BT 490.48 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.40 533.10 Td (events ) Tj ET Q q 0 0 0 rg BT 530.09 533.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 562.67 533.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 68.91 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.44 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.85 521.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 143.49 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 162.79 521.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 182.64 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.51 521.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 220.13 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 230.54 521.10 Td (renegotiate ) Tj ET Q q 0 0 0 rg BT 277.05 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.47 521.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 330.65 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.39 521.10 Td (various ) Tj ET Q q 0 0 0 rg BT 375.92 521.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 410.49 521.10 Td (including ) Tj ET Q q 0 0 0 rg BT 450.35 521.10 Td (those ) Tj ET Q q 0 0 0 rg BT 473.55 521.10 Td (described ) Tj ET Q q 0 0 0 rg BT 513.95 521.10 Td (under ) Tj ET Q q 0 0 0 rg BT 538.81 521.10 Td (-Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (work ) Tj ET Q q 0 0 0 rg BT 58.84 509.10 Td (stoppages ) Tj ET Q q 0 0 0 rg BT 100.56 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.17 509.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 163.98 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.60 509.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 200.20 509.10 Td (work ) Tj ET Q q 0 0 0 rg BT 223.03 509.10 Td (may ) Tj ET Q q 0 0 0 rg BT 242.54 509.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 267.03 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 282.64 509.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 325.47 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.53 509.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 370.04 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 380.65 509.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 409.58 509.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 446.30 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.92 509.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 492.52 509.10 Td (until ) Tj ET Q q 0 0 0 rg BT 513.13 509.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 553.18 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.80 509.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 78.98 497.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 110.86 497.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 124.41 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.53 497.10 Td (resumed, ) Tj ET Q q 0 0 0 rg BT 172.35 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 199.23 497.10 Td (may ) Tj ET Q q 0 0 0 rg BT 218.89 497.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 237.98 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.21 497.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 296.75 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.52 497.10 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 362.72 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.49 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.15 497.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 420.04 497.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 461.62 497.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 479.62 497.10 Td (inability) Tj ET Q q 0 0 0 rg BT 512.30 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.24 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 528.02 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.67 497.10 Td (inability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.04 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 63.08 485.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 108.84 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.33 485.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 154.24 485.10 Td (under ) Tj ET Q q 0 0 0 rg BT 179.72 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.65 485.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 237.89 485.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 285.02 485.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 332.17 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 352.10 485.10 Td (have ) Tj ET Q q 0 0 0 rg BT 373.69 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.83 485.10 Td (material ) Tj ET Q q 0 0 0 rg BT 416.30 485.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 449.55 485.10 Td (ef) Tj ET Q q 0 0 0 rg BT 457.14 485.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.83 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 487.54 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.58 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 541.27 485.10 Td (position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (results ) Tj ET Q q 0 0 0 rg BT 64.61 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 75.44 473.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 119.59 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.53 473.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.80 473.10 Td (flows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 125.06 449.10 Td (within ) Tj ET Q q 0 0 0 rg BT 153.69 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.97 449.10 Td (of) Tj ET Q q 0 0 0 rg BT 177.12 449.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 205.73 449.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 238.80 449.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 275.20 449.10 Td (may ) Tj ET Q q 0 0 0 rg BT 294.92 449.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 335.73 449.10 Td (af) Tj ET Q q 0 0 0 rg BT 343.88 449.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 361.37 449.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.29 425.10 Td (of) Tj ET Q q 0 0 0 rg BT 98.44 425.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 126.17 425.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 158.36 425.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 193.88 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 203.30 425.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 231.60 425.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 281.55 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.73 425.10 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 347.01 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.19 425.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 400.26 425.10 Td (several ) Tj ET Q q 0 0 0 rg BT 431.32 425.10 Td (lar) Tj ET Q q 0 0 0 rg BT 441.69 425.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 453.87 425.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 501.88 425.10 Td (including ) Tj ET Q q 0 0 0 rg BT 542.40 425.10 Td (Seadrill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (that ) Tj ET Q q 0 0 0 rg BT 52.55 413.10 Td (may ) Tj ET Q q 0 0 0 rg BT 71.32 413.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 106.74 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.07 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.84 413.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 163.05 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.26 413.10 Td (serve, ) Tj ET Q q 0 0 0 rg BT 201.42 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.30 413.10 Td (well ) Tj ET Q q 0 0 0 rg BT 230.07 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.95 413.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 270.94 413.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 317.75 413.10 Td (Of) Tj ET Q q 0 0 0 rg BT 328.12 413.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 354.67 413.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 385.66 413.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 423.31 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.07 413.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 475.82 413.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 511.24 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.80 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.79 413.10 Td (competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 51.41 401.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 74.04 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.01 401.10 Td (through ) Tj ET Q q 0 0 0 rg BT 118.75 401.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 156.93 401.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 201.21 401.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 254.11 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 265.07 401.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 316.02 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 343.09 401.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 381.27 401.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 413.35 401.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 456.51 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.82 401.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 502.32 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 509.39 401.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 546.72 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 561.57 401.10 Td (key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 65.91 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 80.81 389.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 114.34 389.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 128.15 389.10 Td (availability) Tj ET Q q 0 0 0 rg BT 172.48 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.68 389.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 191.49 389.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 228.91 389.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 269.38 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.52 389.10 Td (integrity ) Tj ET Q q 0 0 0 rg BT 323.10 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.13 389.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 381.54 389.10 Td (its ) Tj ET Q q 0 0 0 rg BT 393.69 389.10 Td (record ) Tj ET Q q 0 0 0 rg BT 421.93 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.96 389.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 473.42 389.10 Td (ef) Tj ET Q q 0 0 0 rg BT 481.01 389.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 512.56 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.76 389.10 Td (including ) Tj ET Q q 0 0 0 rg BT 558.24 389.10 Td (high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 75.72 377.10 Td (uptime, ) Tj ET Q q 0 0 0 rg BT 107.96 377.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 146.01 377.10 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 205.45 377.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 231.29 377.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 283.77 377.10 Td (record, ) Tj ET Q q 0 0 0 rg BT 313.77 377.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 335.16 377.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 382.92 377.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 427.92 377.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 462.66 377.10 Td (standing ) Tj ET Q q 0 0 0 rg BT 498.50 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.90 377.10 Td (client ) Tj ET Q q 0 0 0 rg BT 539.08 377.10 Td (relations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 53.20 365.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 96.50 365.10 Td (may ) Tj ET Q q 0 0 0 rg BT 115.36 365.10 Td (be ) Tj ET Q q 0 0 0 rg BT 126.44 365.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 166.40 365.10 Td (af) Tj ET Q q 0 0 0 rg BT 173.99 365.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 200.06 365.10 Td (if ) Tj ET Q q 0 0 0 rg BT 207.81 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 222.78 365.10 Td (current ) Tj ET Q q 0 0 0 rg BT 252.74 365.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 301.60 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 311.58 365.10 Td (new ) Tj ET Q q 0 0 0 rg BT 329.88 365.10 Td (market ) Tj ET Q q 0 0 0 rg BT 359.29 365.10 Td (entrants ) Tj ET Q q 0 0 0 rg BT 392.59 365.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 432.00 365.10 Td (new ) Tj ET Q q 0 0 0 rg BT 450.30 365.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 481.39 365.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 498.03 365.10 Td (with ) Tj ET Q q 0 0 0 rg BT 517.46 365.10 Td (better ) Tj ET Q q 0 0 0 rg BT 541.86 365.10 Td (features, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 91.28 353.10 Td (price ) Tj ET Q q 0 0 0 rg BT 113.53 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.12 353.10 Td (other ) Tj ET Q q 0 0 0 rg BT 146.93 353.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 206.38 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.42 353.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 265.33 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.37 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.96 353.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 322.67 353.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 342.43 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.02 353.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 384.15 353.10 Td (into ) Tj ET Q q 0 0 0 rg BT 401.97 353.10 Td (service ) Tj ET Q q 0 0 0 rg BT 432.55 353.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 455.35 353.10 Td (where ) Tj ET Q q 0 0 0 rg BT 482.04 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 495.96 353.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 530.14 353.10 Td (In ) Tj ET Q q 0 0 0 rg BT 540.73 353.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (mer) Tj ET Q q 0 0 0 rg BT 51.37 341.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 70.52 341.10 Td (among ) Tj ET Q q 0 0 0 rg BT 100.22 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 113.27 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.20 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.02 341.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 194.05 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.98 341.10 Td (production ) Tj ET Q q 0 0 0 rg BT 256.80 341.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 302.05 341.10 Td (have ) Tj ET Q q 0 0 0 rg BT 323.42 341.10 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 360.05 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.98 341.10 Td (may ) Tj ET Q q 0 0 0 rg BT 396.69 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 418.62 341.10 Td (time ) Tj ET Q q 0 0 0 rg BT 438.88 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.15 341.10 Td (time ) Tj ET Q q 0 0 0 rg BT 469.41 341.10 Td (further ) Tj ET Q q 0 0 0 rg BT 499.11 341.10 Td (reduce, ) Tj ET Q q 0 0 0 rg BT 530.75 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.45 341.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.69 329.10 Td (available ) Tj ET Q q 0 0 0 rg BT 85.13 329.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 130.53 329.10 Td (which ) Tj ET Q q 0 0 0 rg BT 157.32 329.10 Td (would ) Tj ET Q q 0 0 0 rg BT 184.68 329.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 219.79 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.36 329.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 262.27 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.95 329.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 310.30 329.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 353.20 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.33 329.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 396.22 329.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 426.90 329.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 451.47 329.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 491.58 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.71 329.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 526.56 329.10 Td (Competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (pressures ) Tj ET Q q 0 0 0 rg BT 76.06 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.24 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 110.63 317.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 140.69 317.10 Td (may ) Tj ET Q q 0 0 0 rg BT 160.75 317.10 Td (also ) Tj ET Q q 0 0 0 rg BT 179.71 317.10 Td (result ) Tj ET Q q 0 0 0 rg BT 204.77 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.40 317.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 260.46 317.10 Td (price ) Tj ET Q q 0 0 0 rg BT 283.29 317.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 336.41 317.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 385.35 317.10 Td (during ) Tj ET Q q 0 0 0 rg BT 414.31 317.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 449.93 317.10 Td (downturns, ) Tj ET Q q 0 0 0 rg BT 497.50 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 524.79 317.10 Td (could ) Tj ET Q q 0 0 0 rg BT 549.85 317.10 Td (have ) Tj ET Q q 0 0 0 rg BT 571.58 317.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (material ) Tj ET Q q 0 0 0 rg BT 71.26 305.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 104.30 305.10 Td (ef) Tj ET Q q 0 0 0 rg BT 111.88 305.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 129.37 305.10 Td (on ) Tj ET Q q 0 0 0 rg BT 141.87 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.70 305.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.18 305.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 232.41 305.10 Td (results ) Tj ET Q q 0 0 0 rg BT 261.01 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.84 305.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 318.50 305.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 338.77 305.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 363.49 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.43 305.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 408.48 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.76 305.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 435.70 305.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 477.08 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.36 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.19 305.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 281.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 111.64 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.12 281.10 Td (we ) Tj ET Q q 0 0 0 rg BT 131.21 281.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 164.74 281.10 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 212.70 281.10 Td (of) Tj ET Q q 0 0 0 rg BT 220.85 281.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 249.94 281.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 285.14 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.69 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.45 281.10 Td (United ) Tj ET Q q 0 0 0 rg BT 350.21 281.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 393.47 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 421.47 281.10 Td (have ) Tj ET Q q 0 0 0 rg BT 443.88 281.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 469.08 281.10 Td (that ) Tj ET Q q 0 0 0 rg BT 488.18 281.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.49 281.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 551.91 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 563.23 281.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 72.40 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.68 269.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.62 269.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 136.57 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.63 269.10 Td (as ) Tj ET Q q 0 0 0 rg BT 166.02 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.52 269.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 201.86 269.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 232.68 269.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 264.61 269.10 Td (may ) Tj ET Q q 0 0 0 rg BT 284.33 269.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 316.26 269.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 342.09 269.10 Td (than ) Tj ET Q q 0 0 0 rg BT 363.50 269.10 Td (anticipated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 109.68 245.10 Td (, ) Tj ET Q q 0 0 0 rg BT 115.35 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 130.18 245.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 162.77 245.10 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 211.48 245.10 Td (of) Tj ET Q q 0 0 0 rg BT 219.63 245.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 247.79 245.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 283.18 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.78 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.17 245.10 Td (United ) Tj ET Q q 0 0 0 rg BT 346.56 245.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 390.01 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.62 245.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.66 245.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 463.37 245.10 Td (only ) Tj ET Q q 0 0 0 rg BT 484.32 245.10 Td (one ) Tj ET Q q 0 0 0 rg BT 501.93 245.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 537.30 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 552.13 245.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.29 233.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 111.81 233.10 Td (those ) Tj ET Q q 0 0 0 rg BT 135.55 233.10 Td (countries. ) Tj ET Q q 0 0 0 rg BT 177.34 233.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 212.18 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.26 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.11 233.10 Td (United ) Tj ET Q q 0 0 0 rg BT 273.96 233.10 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 314.37 233.10 Td (have ) Tj ET Q q 0 0 0 rg BT 335.88 233.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 360.73 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.36 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 393.20 233.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 439.15 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.56 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.41 233.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 499.82 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.23 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 522.30 233.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 561.58 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 47.10 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 54.31 221.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 81.80 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.79 221.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 127.32 221.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 160.08 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.63 221.10 Td (such ) Tj ET Q q 0 0 0 rg BT 191.73 221.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 216.72 221.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.71 221.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 268.35 221.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 293.33 221.10 Td (than ) Tj ET Q q 0 0 0 rg BT 313.32 221.10 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 362.25 221.10 Td (There ) Tj ET Q q 0 0 0 rg BT 388.34 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 403.32 221.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 443.84 221.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 466.62 221.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 510.48 221.10 Td (with ) Tj ET Q q 0 0 0 rg BT 531.03 221.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 563.23 221.10 Td (old ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (North ) Tj ET Q q 0 0 0 rg BT 62.24 209.10 Td (Sea ) Tj ET Q q 0 0 0 rg BT 79.59 209.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 93.06 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.41 209.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 126.66 209.10 Td (installations, ) Tj ET Q q 0 0 0 rg BT 180.40 209.10 Td (which ) Tj ET Q q 0 0 0 rg BT 207.75 209.10 Td (may ) Tj ET Q q 0 0 0 rg BT 227.88 209.10 Td (threaten ) Tj ET Q q 0 0 0 rg BT 262.99 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.69 209.10 Td (slow ) Tj ET Q q 0 0 0 rg BT 295.49 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.62 209.10 Td (development ) Tj ET Q q 0 0 0 rg BT 365.18 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.42 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.55 209.10 Td (region) Tj ET Q q 0 0 0 rg BT 419.88 209.10 Td (s ) Tj ET Q q 0 0 0 rg BT 426.68 209.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 470.14 209.10 Td (resources. ) Tj ET Q q 0 0 0 rg BT 513.10 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 521.74 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 529.09 209.10 Td (will ) Tj ET Q q 0 0 0 rg BT 547.56 209.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 566.02 209.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (work ) Tj ET Q q 0 0 0 rg BT 58.75 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 72.61 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.13 197.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 119.77 197.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 136.97 197.10 Td (being ) Tj ET Q q 0 0 0 rg BT 161.39 197.10 Td (available ) Tj ET Q q 0 0 0 rg BT 199.67 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.65 197.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 244.06 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.58 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.56 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.97 197.10 Td (United ) Tj ET Q q 0 0 0 rg BT 308.39 197.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 350.86 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.39 197.10 Td (alternatively) Tj ET Q q 0 0 0 rg BT 410.72 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 415.41 197.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 446.49 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.02 197.10 Td (area ) Tj ET Q q 0 0 0 rg BT 480.86 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.39 197.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 537.74 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.71 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 559.35 197.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.28 185.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 74.32 185.10 Td (new ) Tj ET Q q 0 0 0 rg BT 93.48 185.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 132.07 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.23 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.06 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 194.00 185.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 211.50 185.10 Td (when ) Tj ET Q q 0 0 0 rg BT 235.66 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.38 185.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 284.54 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 316.49 185.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 355.08 185.10 Td (expire.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.89 161.10 Td (future ) Tj ET Q q 0 0 0 rg BT 118.67 161.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 149.79 161.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 185.33 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 198.11 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.10 161.10 Td (level ) Tj ET Q q 0 0 0 rg BT 234.19 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.74 161.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 257.51 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.29 161.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.39 161.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 323.04 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.59 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.59 161.10 Td (North ) Tj ET Q q 0 0 0 rg BT 374.93 161.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 409.93 161.10 Td (Region ) Tj ET Q q 0 0 0 rg BT 441.59 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.37 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.04 161.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 503.80 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.80 161.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 546.56 161.10 Td (outside ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 149.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 81.55 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.61 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.89 149.10 Td (United ) Tj ET Q q 0 0 0 rg BT 145.17 149.10 Td (Kingdom.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.48 125.10 Td (future ) Tj ET Q q 0 0 0 rg BT 115.28 125.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 145.53 125.10 Td (will ) Tj ET Q q 0 0 0 rg BT 163.01 125.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 193.81 125.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 245.73 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.65 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.79 125.10 Td (future ) Tj ET Q q 0 0 0 rg BT 297.59 125.10 Td (level ) Tj ET Q q 0 0 0 rg BT 318.95 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.20 125.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 341.68 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.04 125.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 373.30 125.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 405.21 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.92 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.06 125.10 Td (North ) Tj ET Q q 0 0 0 rg BT 453.88 125.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 488.02 125.10 Td (Region ) Tj ET Q q 0 0 0 rg BT 518.83 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.19 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 550.45 125.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.88 113.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 78.86 113.10 Td (into ) Tj ET Q q 0 0 0 rg BT 97.51 113.10 Td (North ) Tj ET Q q 0 0 0 rg BT 123.26 113.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 158.57 113.10 Td (Region ) Tj ET Q q 0 0 0 rg BT 190.56 113.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 225.32 113.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 257.30 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.73 113.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 304.05 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.59 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.90 113.10 Td (United ) Tj ET Q q 0 0 0 rg BT 367.22 113.10 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 410.60 113.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 448.27 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.88 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 468.64 113.10 Td (have ) Tj ET Q q 0 0 0 rg BT 490.61 113.10 Td (only ) Tj ET Q q 0 0 0 rg BT 511.49 113.10 Td (one ) Tj ET Q q 0 0 0 rg BT 529.03 113.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 564.33 113.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (future ) Tj ET Q q 0 0 0 rg BT 62.17 101.10 Td (work ) Tj ET Q q 0 0 0 rg BT 85.02 101.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 116.20 101.10 Td (those ) Tj ET Q q 0 0 0 rg BT 139.60 101.10 Td (countries, ) Tj ET Q q 0 0 0 rg BT 181.05 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.13 101.10 Td (Russia, ) Tj ET Q q 0 0 0 rg BT 222.59 101.10 Td (which ) Tj ET Q q 0 0 0 rg BT 249.33 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.29 101.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 296.12 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.19 101.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 351.80 101.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.75 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.82 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.33 101.10 Td (third ) Tj ET Q q 0 0 0 rg BT 441.51 101.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 472.12 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.75 101.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 507.54 101.10 Td (Expansion ) Tj ET Q q 0 0 0 rg BT 552.05 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.68 101.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (business ) Tj ET Q q 0 0 0 rg BT 72.75 89.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 104.49 89.10 Td (these ) Tj ET Q q 0 0 0 rg BT 127.89 89.10 Td (two ) Tj ET Q q 0 0 0 rg BT 145.75 89.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 180.26 89.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 215.89 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.74 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.93 89.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 273.34 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.97 89.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 316.25 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.89 89.10 Td (other ) Tj ET Q q 0 0 0 rg BT 350.29 89.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 373.69 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.87 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.95 89.10 Td (North ) Tj ET Q q 0 0 0 rg BT 425.50 89.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 460.57 89.10 Td (Region. ) Tj ET Q q 0 0 0 rg BT 494.18 89.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 514.26 89.10 Td (such ) Tj ET Q q 0 0 0 rg BT 535.45 89.10 Td (expansion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (may ) Tj ET Q q 0 0 0 rg BT 56.17 77.10 Td (be ) Tj ET Q q 0 0 0 rg BT 68.56 77.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 109.83 77.10 Td (af) Tj ET Q q 0 0 0 rg BT 117.42 77.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 144.80 77.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.75 77.10 Td (local ) Tj ET Q q 0 0 0 rg BT 180.14 77.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 227.53 77.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 267.14 77.10 Td (us ) Tj ET Q q 0 0 0 rg BT 278.98 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.72 77.10 Td (award ) Tj ET Q q 0 0 0 rg BT 317.10 77.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 356.15 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.88 77.10 Td (local ) Tj ET Q q 0 0 0 rg BT 389.27 77.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 429.43 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.82 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.99 77.10 Td (number ) Tj ET Q q 0 0 0 rg BT 495.49 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.88 77.10 Td (location ) Tj ET Q q 0 0 0 rg BT 548.05 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 559.33 77.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.52 65.10 Td (concessions ) Tj ET Q q 0 0 0 rg BT 119.37 65.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 152.43 65.10 Td (by ) Tj ET Q q 0 0 0 rg BT 165.51 65.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 197.47 65.10 Td (governments. ) Tj ET Q q 0 0 0 rg BT 254.70 65.10 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 305.55 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 316.96 65.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 372.24 65.10 Td (that ) Tj ET Q q 0 0 0 rg BT 390.32 65.10 Td (may ) Tj ET Q q 0 0 0 rg BT 410.61 65.10 Td (be ) Tj ET Q q 0 0 0 rg BT 423.13 65.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 460.09 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.95 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.25 65.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 525.98 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.84 65.10 Td (which ) Tj ET Q q 0 0 0 rg BT 564.35 65.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 67.69 53.10 Td (could ) Tj ET Q q 0 0 0 rg BT 92.17 53.10 Td (have ) Tj ET Q q 0 0 0 rg BT 113.31 53.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.01 53.10 Td (material ) Tj ET Q q 0 0 0 rg BT 155.03 53.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 187.83 53.10 Td (ef) Tj ET Q q 0 0 0 rg BT 195.42 53.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 212.67 53.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.93 53.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.52 53.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.77 53.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 314.76 53.10 Td (results ) Tj ET Q q 0 0 0 rg BT 343.13 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.72 53.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 397.64 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 408.23 53.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 428.27 53.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 455.25 53.10 Td (If ) Tj ET Q q 0 0 0 rg BT 464.17 53.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.10 53.10 Td (are ) Tj ET Q q 0 0 0 rg BT 492.57 53.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 521.49 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.53 53.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 562.67 53.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.88 41.10 Td (within ) Tj ET Q q 0 0 0 rg BT 109.65 41.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.09 41.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 172.73 41.10 Td (area ) Tj ET Q q 0 0 0 rg BT 192.60 41.10 Td (where ) Tj ET Q q 0 0 0 rg BT 220.25 41.10 Td (we ) Tj ET Q q 0 0 0 rg BT 235.13 41.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 274.44 41.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 309.59 41.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.14 41.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 341.57 41.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 380.89 41.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.89 41.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.32 41.10 Td (North ) Tj ET Q q 0 0 0 rg BT 433.16 41.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 468.59 41.10 Td (Region ) Tj ET Q q 0 0 0 rg BT 500.70 41.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 535.58 41.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 567.68 41.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 70.82 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.86 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.69 749.10 Td (United ) Tj ET Q q 0 0 0 rg BT 132.51 749.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 175.39 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.33 749.10 Td (future ) Tj ET Q q 0 0 0 rg BT 217.81 749.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 256.81 749.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.40 749.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 334.78 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.82 749.10 Td (results ) Tj ET Q q 0 0 0 rg BT 380.54 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.48 749.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 435.74 749.10 Td (may ) Tj ET Q q 0 0 0 rg BT 455.56 749.10 Td (be ) Tj ET Q q 0 0 0 rg BT 467.61 749.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 508.53 749.10 Td (af) Tj ET Q q 0 0 0 rg BT 516.12 749.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 545.65 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 562.69 749.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.16 737.10 Td (may ) Tj ET Q q 0 0 0 rg BT 99.87 737.10 Td (not ) Tj ET Q q 0 0 0 rg BT 115.15 737.10 Td (grow) Tj ET Q q 0 0 0 rg BT 135.05 737.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.95 713.10 Td (order ) Tj ET Q q 0 0 0 rg BT 108.67 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.95 713.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 152.55 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.50 713.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 200.90 713.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 224.24 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 237.85 713.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.57 713.10 Td (require ) Tj ET Q q 0 0 0 rg BT 290.07 713.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 334.24 713.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 364.51 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.35 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.63 713.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 421.19 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 448.70 713.10 Td (may ) Tj ET Q q 0 0 0 rg BT 468.42 713.10 Td (not ) Tj ET Q q 0 0 0 rg BT 484.26 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.20 713.10 Td (available ) Tj ET Q q 0 0 0 rg BT 535.91 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 546.19 713.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.51 689.10 Td (business ) Tj ET Q q 0 0 0 rg BT 127.36 689.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.99 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 166.60 689.10 Td (intensive ) Tj ET Q q 0 0 0 rg BT 205.66 689.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 225.55 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.29 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.46 689.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 278.86 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 293.47 689.10 Td (do ) Tj ET Q q 0 0 0 rg BT 306.43 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 322.17 689.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 358.99 689.10 Td (suf) Tj ET Q q 0 0 0 rg BT 371.03 689.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 399.53 689.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 420.26 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 442.65 689.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 489.77 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 504.38 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 524.56 689.10 Td (need ) Tj ET Q q 0 0 0 rg BT 546.39 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 557.13 689.10 Td (raise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 79.12 677.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 104.47 677.10 Td (through ) Tj ET Q q 0 0 0 rg BT 138.70 677.10 Td (public ) Tj ET Q q 0 0 0 rg BT 166.83 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.28 677.10 Td (private ) Tj ET Q q 0 0 0 rg BT 209.17 677.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 229.52 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.98 677.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 269.10 677.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 313.88 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.79 677.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 348.47 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.92 677.10 Td (business ) Tj ET Q q 0 0 0 rg BT 401.94 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.51 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.41 677.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 451.87 677.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 481.65 677.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 537.68 677.10 Td (Adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 68.28 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.90 665.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 107.85 665.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 141.25 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 160.75 665.10 Td (not ) Tj ET Q q 0 0 0 rg BT 175.82 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.55 665.10 Td (available ) Tj ET Q q 0 0 0 rg BT 225.93 665.10 Td (when ) Tj ET Q q 0 0 0 rg BT 249.89 665.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 280.49 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.11 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 310.62 665.10 Td (not ) Tj ET Q q 0 0 0 rg BT 325.69 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.42 665.10 Td (available ) Tj ET Q q 0 0 0 rg BT 375.80 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 388.09 665.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 428.14 665.10 Td (terms. ) Tj ET Q q 0 0 0 rg BT 455.15 665.10 Td (If ) Tj ET Q q 0 0 0 rg BT 464.10 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.05 665.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 499.22 665.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 541.50 665.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 566.01 665.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 68.18 653.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 112.02 653.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 140.86 653.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 184.97 653.10 Td (dilution ) Tj ET Q q 0 0 0 rg BT 219.93 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.55 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.61 653.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 285.90 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.08 653.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 333.59 653.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 387.97 653.10 Td (may ) Tj ET Q q 0 0 0 rg BT 409.03 653.10 Td (result. ) Tj ET Q q 0 0 0 rg BT 437.59 653.10 Td (In ) Tj ET Q q 0 0 0 rg BT 449.77 653.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 488.89 653.10 Td (although ) Tj ET Q q 0 0 0 rg BT 527.73 653.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 562.67 653.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 84.05 641.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 122.67 641.10 Td (us ) Tj ET Q q 0 0 0 rg BT 134.62 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 155.46 641.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 200.74 641.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.78 641.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 282.11 641.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 316.27 641.10 Td (may ) Tj ET Q q 0 0 0 rg BT 336.55 641.10 Td (diminish ) Tj ET Q q 0 0 0 rg BT 374.62 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 386.02 641.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 410.73 641.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 452.68 641.10 Td (such ) Tj ET Q q 0 0 0 rg BT 474.07 641.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 512.12 641.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 552.94 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 563.78 641.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 65.37 629.10 Td (If ) Tj ET Q q 0 0 0 rg BT 75.02 629.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 109.13 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.79 629.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 138.61 629.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 167.14 629.10 Td (at ) Tj ET Q q 0 0 0 rg BT 177.35 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 194.78 629.10 Td (time ) Tj ET Q q 0 0 0 rg BT 215.55 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.32 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.53 629.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 270.90 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.56 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 305.77 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.20 629.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 347.85 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.62 629.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 379.94 629.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 433.46 629.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 488.66 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.09 629.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 559.35 629.10 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 78.69 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.17 617.10 Td (business ) Tj ET Q q 0 0 0 rg BT 125.21 617.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 180.14 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.62 617.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 224.44 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.37 617.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 283.73 617.10 Td (pressures, ) Tj ET Q q 0 0 0 rg BT 325.59 617.10 Td (any ) Tj ET Q q 0 0 0 rg BT 342.19 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.67 617.10 Td (which ) Tj ET Q q 0 0 0 rg BT 379.26 617.10 Td (could ) Tj ET Q q 0 0 0 rg BT 403.63 617.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 444.10 617.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 473.47 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 485.62 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.10 617.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 538.24 617.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 605.10 Td (results ) Tj ET Q q 0 0 0 rg BT 81.55 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.38 605.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 581.10 Td (Fluctuations ) Tj ET Q q 0 0 0 rg BT 127.30 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.14 581.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 180.08 581.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 202.58 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.64 581.10 Td (non-convertibility ) Tj ET Q q 0 0 0 rg BT 296.47 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.30 581.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 353.13 581.10 Td (could ) Tj ET Q q 0 0 0 rg BT 378.41 581.10 Td (result ) Tj ET Q q 0 0 0 rg BT 404.25 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.09 581.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 441.48 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.76 581.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (As ) Tj ET Q q 0 0 0 rg BT 85.31 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.94 557.10 Td (result ) Tj ET Q q 0 0 0 rg BT 116.36 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.88 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.41 557.10 Td (international ) Tj ET Q q 0 0 0 rg BT 195.14 557.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 241.50 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 255.35 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 269.75 557.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 304.72 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.69 557.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 364.10 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.08 557.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 405.15 557.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 445.10 557.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 466.17 557.10 Td (due ) Tj ET Q q 0 0 0 rg BT 482.81 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.78 557.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 514.42 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.94 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 540.47 557.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (being ) Tj ET Q q 0 0 0 rg BT 59.90 545.10 Td (received ) Tj ET Q q 0 0 0 rg BT 95.45 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.57 545.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 151.02 545.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 188.80 545.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 207.70 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.16 545.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 259.93 545.10 Td (other ) Tj ET Q q 0 0 0 rg BT 282.16 545.10 Td (than ) Tj ET Q q 0 0 0 rg BT 301.06 545.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 320.53 545.10 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 351.93 545.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 389.60 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.79 545.10 Td (such ) Tj ET Q q 0 0 0 rg BT 413.80 545.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 456.57 545.10 Td (include ) Tj ET Q q 0 0 0 rg BT 487.68 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.58 545.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 547.70 545.10 Td (Kroner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.62 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.01 533.10 Td (Pound ) Tj ET Q q 0 0 0 rg BT 94.75 533.10 Td (Sterling. ) Tj ET Q q 0 0 0 rg BT 130.62 533.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 179.95 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.63 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 198.47 533.10 Td (may ) Tj ET Q q 0 0 0 rg BT 217.87 533.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 263.35 533.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 300.50 533.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 340.44 533.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 366.51 533.10 Td (if ) Tj ET Q q 0 0 0 rg BT 374.79 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 388.63 533.10 Td (have ) Tj ET Q q 0 0 0 rg BT 409.69 533.10 Td (not ) Tj ET Q q 0 0 0 rg BT 424.65 533.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 445.71 533.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 476.77 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.28 533.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 530.56 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.51 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 547.13 533.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (currency) Tj ET Q q 0 0 0 rg BT 70.33 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 75.08 521.10 Td (See ) Tj ET Q q 0 0 0 rg BT 91.77 521.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 116.80 521.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 171.26 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.95 521.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 227.42 521.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 281.32 521.10 Td (under ) Tj ET Q q 0 0 0 rg BT 306.35 521.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 328.04 521.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 340.29 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.32 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.91 521.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 418.70 521.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 455.94 521.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 500.40 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.32 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.79 521.10 Td (years ) Tj ET Q q 0 0 0 rg BT 552.14 521.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (December ) Tj ET Q q 0 0 0 rg BT 79.33 509.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 94.09 509.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 116.34 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.03 509.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 157.78 509.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 205.44 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.19 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.10 509.10 Td (details ) Tj ET Q q 0 0 0 rg BT 252.46 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.04 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.62 509.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 315.85 509.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 367.26 509.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 398.95 509.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 437.86 509.10 Td (where ) Tj ET Q q 0 0 0 rg BT 464.54 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.45 509.10 Td (do ) Tj ET Q q 0 0 0 rg BT 490.70 509.10 Td (not ) Tj ET Q q 0 0 0 rg BT 505.73 509.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 544.07 509.10 Td (operate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (such ) Tj ET Q q 0 0 0 rg BT 57.41 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 68.83 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.91 497.10 Td (Russia, ) Tj ET Q q 0 0 0 rg BT 104.16 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 126.12 497.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 155.30 497.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 185.58 497.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 220.88 497.10 Td (over ) Tj ET Q q 0 0 0 rg BT 241.73 497.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 279.79 497.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 320.63 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.15 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.45 497.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 402.62 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.03 497.10 Td (income ) Tj ET Q q 0 0 0 rg BT 446.55 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.96 497.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 489.97 497.10 Td (T) Tj ET Q q 0 0 0 rg BT 495.38 497.10 Td (o ) Tj ET Q q 0 0 0 rg BT 503.46 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.76 497.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 546.28 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 564.35 497.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 77.74 485.10 Td (future ) Tj ET Q q 0 0 0 rg BT 103.94 485.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 147.92 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.02 485.10 Td (such ) Tj ET Q q 0 0 0 rg BT 178.67 485.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 217.64 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.30 485.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 258.39 485.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 279.04 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.57 485.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 326.42 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.52 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.06 485.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 390.03 485.10 Td (where ) Tj ET Q q 0 0 0 rg BT 416.78 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 430.76 485.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 465.01 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.99 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 498.53 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.29 485.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 539.26 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.36 485.10 Td (collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 74.04 473.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 103.18 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.46 473.10 Td (such ) Tj ET Q q 0 0 0 rg BT 134.29 473.10 Td (countries.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 106.17 449.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 124.78 449.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 176.74 449.10 Td (could ) Tj ET Q q 0 0 0 rg BT 202.01 449.10 Td (af) Tj ET Q q 0 0 0 rg BT 210.16 449.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 227.65 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.60 449.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 283.23 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.29 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 322.68 449.10 Td (flow) Tj ET Q q 0 0 0 rg BT 340.09 449.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.98 425.10 Td (order ) Tj ET Q q 0 0 0 rg BT 106.73 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.17 425.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 149.24 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.23 425.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 196.21 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 210.52 425.10 Td (have ) Tj ET Q q 0 0 0 rg BT 232.05 425.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 268.02 425.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 312.88 425.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 349.42 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.41 425.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 382.19 425.10 Td (As ) Tj ET Q q 0 0 0 rg BT 395.96 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.94 425.10 Td (March ) Tj ET Q q 0 0 0 rg BT 435.69 425.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 450.84 425.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 476.00 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 496.43 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.30 425.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 552.82 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.81 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 578.52 425.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td ($600 ) Tj ET Q q 0 0 0 rg BT 58.57 413.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 91.14 413.10 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 119.53 413.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 148.21 413.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 193.53 413.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 219.43 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 236.43 413.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 259.00 413.10 Td (\(issued ) Tj ET Q q 0 0 0 rg BT 289.89 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.24 413.10 Td (January ) Tj ET Q q 0 0 0 rg BT 333.90 413.10 Td (2014\), ) Tj ET Q q 0 0 0 rg BT 362.30 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.19 413.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 397.98 413.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 454.41 413.10 Td (have ) Tj ET Q q 0 0 0 rg BT 475.85 413.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 509.52 413.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 541.52 413.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 564.89 413.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 58.82 401.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 103.02 401.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 151.12 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.89 401.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 192.31 401.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 213.18 401.10 Td (could ) Tj ET Q q 0 0 0 rg BT 237.39 401.10 Td (have ) Tj ET Q q 0 0 0 rg BT 258.26 401.10 Td (an ) Tj ET Q q 0 0 0 rg BT 269.69 401.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 302.22 401.10 Td (ef) Tj ET Q q 0 0 0 rg BT 309.80 401.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 326.78 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 338.77 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.09 401.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 389.96 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.39 401.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 426.15 401.10 Td (flow) Tj ET Q q 0 0 0 rg BT 443.83 401.10 Td (. ) Tj ET Q q 0 0 0 rg BT 448.32 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 458.64 401.10 Td (order ) Tj ET Q q 0 0 0 rg BT 481.73 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.50 401.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 524.59 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 539.91 401.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.05 389.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 77.76 389.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 95.01 389.10 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 147.00 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 160.93 389.10 Td (use ) Tj ET Q q 0 0 0 rg BT 176.53 389.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.24 389.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 225.49 389.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 252.21 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.26 389.10 Td (ef) Tj ET Q q 0 0 0 rg BT 269.85 389.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 307.10 389.10 Td (fix ) Tj ET Q q 0 0 0 rg BT 320.48 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.19 389.10 Td (part ) Tj ET Q q 0 0 0 rg BT 345.01 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.61 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.21 389.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 404.59 389.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 421.85 389.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 441.34 389.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 490.39 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 508.21 389.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 546.02 389.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 69.40 377.10 Td (by ) Tj ET Q q 0 0 0 rg BT 81.15 377.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 112.33 377.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 129.07 377.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 155.26 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 163.68 377.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 203.74 377.10 Td (continuously ) Tj ET Q q 0 0 0 rg BT 257.16 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.35 377.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 320.08 377.10 Td (based ) Tj ET Q q 0 0 0 rg BT 344.60 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.35 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.43 377.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 390.39 377.10 Td (level, ) Tj ET Q q 0 0 0 rg BT 414.08 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.16 377.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 480.89 377.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 520.96 377.10 Td (future ) Tj ET Q q 0 0 0 rg BT 546.58 377.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 59.94 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.82 365.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 110.58 365.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 144.80 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.80 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.68 365.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 208.01 365.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.55 365.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 263.10 365.10 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 303.70 365.10 Td (As ) Tj ET Q q 0 0 0 rg BT 317.37 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.26 365.10 Td (December ) Tj ET Q q 0 0 0 rg BT 371.90 365.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 386.96 365.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 412.02 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.91 365.10 Td (net ) Tj ET Q q 0 0 0 rg BT 442.68 365.10 Td (ef) Tj ET Q q 0 0 0 rg BT 450.27 365.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 480.03 365.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 518.69 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.02 365.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 561.02 365.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 85.58 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.95 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.65 353.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 162.69 353.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 182.27 353.10 Td (was ) Tj ET Q q 0 0 0 rg BT 200.19 353.10 Td ($348.3 ) Tj ET Q q 0 0 0 rg BT 230.06 353.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 263.82 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.63 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.44 353.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.56 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 338.26 353.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 375.05 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.20 353.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 429.22 353.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 461.02 353.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 482.27 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.97 353.10 Td (one ) Tj ET Q q 0 0 0 rg BT 509.78 353.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 555.45 353.10 Td (point ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (would ) Tj ET Q q 0 0 0 rg BT 63.80 341.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 99.35 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 110.47 341.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 147.69 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.81 341.10 Td (net ) Tj ET Q q 0 0 0 rg BT 178.83 341.10 Td (ef) Tj ET Q q 0 0 0 rg BT 186.41 341.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 216.41 341.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.64 341.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 283.65 341.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.44 341.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 357.00 341.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 377.30 341.10 Td (million ) Tj ET Q q 0 0 0 rg BT 408.99 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 421.78 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 434.02 341.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 463.47 341.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 488.77 341.10 Td (For ) Tj ET Q q 0 0 0 rg BT 505.46 341.10 Td (more ) Tj ET Q q 0 0 0 rg BT 528.80 341.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 76.16 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 91.33 329.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 110.38 329.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 168.59 329.10 Td (see ) Tj ET Q q 0 0 0 rg BT 183.20 329.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 207.80 329.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 217.14 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.98 329.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 260.81 329.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 299.86 329.10 Td (Review ) Tj ET Q q 0 0 0 rg BT 332.25 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.53 329.10 Td (Prospects-B. ) Tj ET Q q 0 0 0 rg BT 403.51 329.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 442.57 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.85 329.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 489.57 329.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 536.95 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 553.23 329.10 Td (Item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (1) Tj ET Q q 0 0 0 rg BT 40.63 317.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 50.63 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 53.13 317.10 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 105.06 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.00 317.10 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 168.92 317.10 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 217.53 317.10 Td (About ) Tj ET Q q 0 0 0 rg BT 245.03 317.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 276.41 317.10 Td (Risk.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (If ) Tj ET Q q 0 0 0 rg BT 81.95 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.14 293.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 132.44 293.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 150.73 293.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 167.35 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.86 293.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 217.83 293.10 Td (their ) Tj ET Q q 0 0 0 rg BT 240.01 293.10 Td (class ) Tj ET Q q 0 0 0 rg BT 262.74 293.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 315.46 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 327.09 293.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 343.70 293.10 Td (any ) Tj ET Q q 0 0 0 rg BT 361.44 293.10 Td (required ) Tj ET Q q 0 0 0 rg BT 399.17 293.10 Td (survey) Tj ET Q q 0 0 0 rg BT 425.46 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.69 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.54 293.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 482.84 293.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 497.24 293.10 Td (would ) Tj ET Q q 0 0 0 rg BT 524.98 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 537.15 293.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 568.22 293.10 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 71.55 281.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 104.59 281.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 143.76 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 160.72 281.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.88 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.94 281.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 265.90 281.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (Every ) Tj ET Q q 0 0 0 rg BT 99.05 257.10 Td (of) Tj ET Q q 0 0 0 rg BT 107.20 257.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 135.37 257.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 167.99 257.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 182.27 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.12 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.73 257.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 242.33 257.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 273.27 257.10 Td (vessel ) Tj ET Q q 0 0 0 rg BT 300.89 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.50 257.10 Td (must ) Tj ET Q q 0 0 0 rg BT 341.13 257.10 Td (be ) Tj ET Q q 0 0 0 rg BT 353.74 257.10 Td (classed ) Tj ET Q q 0 0 0 rg BT 394.67 257.10 Td (by ) Tj ET Q q 0 0 0 rg BT 407.85 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.46 257.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 471.40 257.10 Td (society) Tj ET Q q 0 0 0 rg BT 499.08 257.10 Td (. ) Tj ET Q q 0 0 0 rg BT 504.52 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.25 257.10 Td (classification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (society ) Tj ET Q q 0 0 0 rg BT 67.02 245.10 Td (certifies ) Tj ET Q q 0 0 0 rg BT 101.91 245.10 Td (that ) Tj ET Q q 0 0 0 rg BT 119.60 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.51 245.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 166.65 245.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 180.45 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.81 245.10 Td (in-class, ) Tj ET Q q 0 0 0 rg BT 234.43 245.10 Td (signifying ) Tj ET Q q 0 0 0 rg BT 277.68 245.10 Td (that ) Tj ET Q q 0 0 0 rg BT 295.37 245.10 Td (such ) Tj ET Q q 0 0 0 rg BT 316.39 245.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 348.52 245.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 362.33 245.10 Td (has ) Tj ET Q q 0 0 0 rg BT 378.35 245.10 Td (been ) Tj ET Q q 0 0 0 rg BT 399.92 245.10 Td (built ) Tj ET Q q 0 0 0 rg BT 420.95 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.08 245.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 485.20 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.67 245.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 543.32 245.10 Td (with ) Tj ET Q q 0 0 0 rg BT 563.80 245.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 58.81 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 70.50 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.09 233.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 142.22 233.10 Td (society ) Tj ET Q q 0 0 0 rg BT 173.91 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.72 233.10 Td (complies ) Tj ET Q q 0 0 0 rg BT 231.19 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 252.33 233.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 296.79 233.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 319.60 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.41 233.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 385.21 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.91 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.49 233.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 445.30 233.10 Td (rig) Tj ET Q q 0 0 0 rg BT 459.19 233.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.45 233.10 Td (country ) Tj ET Q q 0 0 0 rg BT 500.36 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.06 233.10 Td (registry ) Tj ET Q q 0 0 0 rg BT 545.98 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 563.78 233.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (international ) Tj ET Q q 0 0 0 rg BT 89.29 221.10 Td (conventions ) Tj ET Q q 0 0 0 rg BT 140.38 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.46 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 178.66 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 196.41 221.10 Td (country ) Tj ET Q q 0 0 0 rg BT 229.71 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.14 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.33 221.10 Td (member) Tj ET Q q 0 0 0 rg BT 278.54 221.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.80 221.10 Td (In ) Tj ET Q q 0 0 0 rg BT 294.89 221.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 332.92 221.10 Td (where ) Tj ET Q q 0 0 0 rg BT 360.10 221.10 Td (surveys ) Tj ET Q q 0 0 0 rg BT 393.41 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.37 221.10 Td (required ) Tj ET Q q 0 0 0 rg BT 444.44 221.10 Td (by ) Tj ET Q q 0 0 0 rg BT 457.20 221.10 Td (international ) Tj ET Q q 0 0 0 rg BT 510.49 221.10 Td (conventions ) Tj ET Q q 0 0 0 rg BT 561.58 221.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 95.22 209.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 115.56 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.01 209.10 Td (ordinances ) Tj ET Q q 0 0 0 rg BT 177.33 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.67 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.12 209.10 Td (flag ) Tj ET Q q 0 0 0 rg BT 211.68 209.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 234.52 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.75 209.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 303.51 209.10 Td (society ) Tj ET Q q 0 0 0 rg BT 333.85 209.10 Td (will ) Tj ET Q q 0 0 0 rg BT 351.42 209.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 392.85 209.10 Td (them ) Tj ET Q q 0 0 0 rg BT 414.86 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.87 209.10 Td (application ) Tj ET Q q 0 0 0 rg BT 473.31 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.65 209.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.66 209.10 Td (of) Tj ET Q q 0 0 0 rg BT 503.81 209.10 Td (ficial ) Tj ET Q q 0 0 0 rg BT 526.36 209.10 Td (order) Tj ET Q q 0 0 0 rg BT 547.06 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 551.57 209.10 Td (acting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 48.31 197.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 75.60 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.23 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.76 197.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 145.27 197.10 Td (concerned. ) Tj ET Q q 0 0 0 rg BT 191.17 197.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 209.02 197.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 240.77 197.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 258.08 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.59 197.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 308.21 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 318.84 197.10 Td (being ) Tj ET Q q 0 0 0 rg BT 343.37 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.89 197.10 Td (class ) Tj ET Q q 0 0 0 rg BT 384.07 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 396.38 197.10 Td (Det ) Tj ET Q q 0 0 0 rg BT 413.12 197.10 Td (Norske ) Tj ET Q q 0 0 0 rg BT 444.15 197.10 Td (V) Tj ET Q q 0 0 0 rg BT 450.26 197.10 Td (eritas, ) Tj ET Q q 0 0 0 rg BT 476.72 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.36 197.10 Td (DNV) Tj ET Q q 0 0 0 rg BT 507.73 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.54 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.28 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.81 197.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (national ) Tj ET Q q 0 0 0 rg BT 70.07 185.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 114.15 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.79 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.87 185.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 176.39 185.10 Td (where ) Tj ET Q q 0 0 0 rg BT 202.68 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 217.87 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 249.18 185.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 266.04 185.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 299.83 185.10 Td (If ) Tj ET Q q 0 0 0 rg BT 308.35 185.10 Td (any ) Tj ET Q q 0 0 0 rg BT 324.65 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 355.96 185.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 368.93 185.10 Td (does ) Tj ET Q q 0 0 0 rg BT 389.12 185.10 Td (not ) Tj ET Q q 0 0 0 rg BT 403.76 185.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 440.62 185.10 Td (its ) Tj ET Q q 0 0 0 rg BT 451.93 185.10 Td (class ) Tj ET Q q 0 0 0 rg BT 473.23 185.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 500.64 185.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 519.72 185.10 Td (any ) Tj ET Q q 0 0 0 rg BT 536.02 185.10 Td (periodical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (survey ) Tj ET Q q 0 0 0 rg BT 65.42 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 76.52 173.10 Td (special ) Tj ET Q q 0 0 0 rg BT 107.04 173.10 Td (survey) Tj ET Q q 0 0 0 rg BT 133.05 173.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.32 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.29 173.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 185.50 173.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 199.37 173.10 Td (will ) Tj ET Q q 0 0 0 rg BT 217.69 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.89 173.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 259.31 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.85 173.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 293.15 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.91 173.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.33 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.53 173.10 Td (will ) Tj ET Q q 0 0 0 rg BT 385.85 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 398.05 173.10 Td (unemployable ) Tj ET Q q 0 0 0 rg BT 457.47 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.67 173.10 Td (uninsurable, ) Tj ET Q q 0 0 0 rg BT 526.59 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 553.79 173.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 60.90 161.10 Td (us ) Tj ET Q q 0 0 0 rg BT 72.48 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.95 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 95.07 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.54 161.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 143.78 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.80 161.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 184.69 161.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 227.37 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.84 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.86 161.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 279.31 161.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 318.33 161.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 338.24 161.10 Td (such ) Tj ET Q q 0 0 0 rg BT 359.26 161.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 395.28 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.75 161.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 428.98 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.67 161.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 486.01 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.03 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 509.16 161.10 Td (employed, ) Tj ET Q q 0 0 0 rg BT 553.78 161.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (have ) Tj ET Q q 0 0 0 rg BT 57.38 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 64.32 149.10 Td (material ) Tj ET Q q 0 0 0 rg BT 99.57 149.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 132.61 149.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 162.32 149.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.82 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.65 149.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.13 149.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 270.91 149.10 Td (results ) Tj ET Q q 0 0 0 rg BT 299.52 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.35 149.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 357.00 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.94 149.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 401.99 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.27 149.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 429.21 149.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 470.59 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.87 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 496.70 149.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 105.53 125.10 Td (work ) Tj ET Q q 0 0 0 rg BT 128.51 125.10 Td (stoppages ) Tj ET Q q 0 0 0 rg BT 170.92 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.23 125.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 237.97 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.28 125.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 276.69 125.10 Td (work ) Tj ET Q q 0 0 0 rg BT 299.67 125.10 Td (may ) Tj ET Q q 0 0 0 rg BT 319.30 125.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 345.04 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 361.91 125.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 405.99 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.18 125.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 451.94 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.25 125.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 493.43 125.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 530.84 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.58 125.10 Td (dayrates ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (until ) Tj ET Q q 0 0 0 rg BT 57.96 113.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 99.91 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.74 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.01 113.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 169.05 113.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 202.11 113.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 216.28 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.45 113.10 Td (resumed, ) Tj ET Q q 0 0 0 rg BT 265.45 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 292.96 113.10 Td (may ) Tj ET Q q 0 0 0 rg BT 312.68 113.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 332.40 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.67 113.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 393.52 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.91 113.10 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 462.42 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.25 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.52 113.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 521.59 113.10 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 132.37 89.10 Td (under ) Tj ET Q q 0 0 0 rg BT 157.74 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.67 89.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 205.71 89.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 244.40 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 253.67 89.10 Td (based ) Tj ET Q q 0 0 0 rg BT 279.04 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.64 89.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 314.23 89.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 367.36 89.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 395.50 89.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 443.09 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.02 89.10 Td (each ) Tj ET Q q 0 0 0 rg BT 474.93 89.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 506.97 89.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 520.68 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.06 89.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 55.65 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.74 77.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 123.81 77.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 161.77 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.42 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.51 77.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 228.47 77.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 259.78 77.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 296.35 77.10 Td (For ) Tj ET Q q 0 0 0 rg BT 312.11 77.10 Td (instance, ) Tj ET Q q 0 0 0 rg BT 349.25 77.10 Td (when ) Tj ET Q q 0 0 0 rg BT 372.78 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 387.98 77.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 419.29 77.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 436.16 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 450.24 77.10 Td (idle, ) Tj ET Q q 0 0 0 rg BT 469.60 77.10 Td (but ) Tj ET Q q 0 0 0 rg BT 484.25 77.10 Td (available ) Tj ET Q q 0 0 0 rg BT 522.21 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 535.74 77.10 Td (operation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 65.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 94.88 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.58 65.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 149.29 65.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 181.78 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.05 65.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 208.99 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.93 65.10 Td (waiting ) Tj ET Q q 0 0 0 rg BT 248.43 65.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 265.91 65.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 291.18 65.10 Td (than ) Tj ET Q q 0 0 0 rg BT 310.90 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.61 65.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 373.09 65.10 Td (rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 41.10 Td (Several ) Tj ET Q q 0 0 0 rg BT 104.49 41.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 134.19 41.10 Td (could ) Tj ET Q q 0 0 0 rg BT 158.91 41.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 183.62 41.10 Td (an ) Tj ET Q q 0 0 0 rg BT 195.55 41.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 245.27 41.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.10 41.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 302.75 41.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 749.10 Td (breakdowns ) Tj ET Q q 0 0 0 rg BT 158.82 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.65 749.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 214.36 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.30 749.10 Td (other ) Tj ET Q q 0 0 0 rg BT 254.35 749.10 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 300.71 749.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 350.42 749.10 Td (problems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 734.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 734.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 136.59 734.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.09 734.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.92 734.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 210.19 734.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.02 734.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 267.94 734.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.22 734.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 310.14 734.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 340.40 734.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 385.11 734.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.61 734.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.33 734.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 444.27 734.10 Td (rigs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 719.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 719.10 Td (work ) Tj ET Q q 0 0 0 rg BT 131.05 719.10 Td (stoppages, ) Tj ET Q q 0 0 0 rg BT 175.49 719.10 Td (including ) Tj ET Q q 0 0 0 rg BT 215.76 719.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 238.81 719.10 Td (strikes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 704.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 704.10 Td (shortages ) Tj ET Q q 0 0 0 rg BT 148.27 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.10 704.10 Td (material ) Tj ET Q q 0 0 0 rg BT 194.36 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.30 704.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 240.46 704.10 Td (labor;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 689.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 689.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 136.05 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.33 689.10 Td (repairs ) Tj ET Q q 0 0 0 rg BT 176.03 689.10 Td (by ) Tj ET Q q 0 0 0 rg BT 188.53 689.10 Td (suppliers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 674.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 674.10 Td (surveys ) Tj ET Q q 0 0 0 rg BT 141.05 674.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.55 674.10 Td (government ) Tj ET Q q 0 0 0 rg BT 203.82 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.75 674.10 Td (maritime ) Tj ET Q q 0 0 0 rg BT 259.35 674.10 Td (authorities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 659.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 659.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 143.26 659.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 198.52 659.10 Td (surveys;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 644.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 644.10 Td (severe ) Tj ET Q q 0 0 0 rg BT 136.04 644.10 Td (weather) Tj ET Q q 0 0 0 rg BT 167.28 644.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.28 644.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 199.78 644.10 Td (ocean ) Tj ET Q q 0 0 0 rg BT 225.60 644.10 Td (currents ) Tj ET Q q 0 0 0 rg BT 260.30 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.13 644.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 295.29 644.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.56 644.10 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 382.50 644.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 629.10 Td (force ) Tj ET Q q 0 0 0 rg BT 131.04 629.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 165.74 629.10 Td (events.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 602.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.73 602.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.40 602.10 Td (if ) Tj ET Q q 0 0 0 rg BT 128.91 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.64 602.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 176.48 602.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 193.88 602.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.49 602.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 232.55 602.10 Td (out ) Tj ET Q q 0 0 0 rg BT 247.73 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.46 602.10 Td (service ) Tj ET Q q 0 0 0 rg BT 289.17 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.23 602.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 356.16 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.00 602.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 398.71 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.77 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.61 602.10 Td (period ) Tj ET Q q 0 0 0 rg BT 447.56 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.29 602.10 Td (time ) Tj ET Q q 0 0 0 rg BT 478.46 602.10 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 521.39 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.01 602.10 Td (scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 590.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 89.28 590.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 121.46 590.10 Td (set ) Tj ET Q q 0 0 0 rg BT 135.32 590.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 157.50 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.03 590.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.11 590.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 216.30 590.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 257.64 590.10 Td (we ) Tj ET Q q 0 0 0 rg BT 272.05 590.10 Td (will ) Tj ET Q q 0 0 0 rg BT 290.36 590.10 Td (not ) Tj ET Q q 0 0 0 rg BT 305.88 590.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.07 590.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 350.81 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.33 590.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 398.51 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.59 590.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 445.66 590.10 Td (until ) Tj ET Q q 0 0 0 rg BT 466.74 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.70 590.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 516.65 590.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 530.51 590.10 Td (is ) Tj ET Q q 0 0 0 rg BT 539.93 590.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 50.61 578.10 Td (deployment. ) Tj ET Q q 0 0 0 rg BT 103.27 578.10 Td (If ) Tj ET Q q 0 0 0 rg BT 112.87 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.04 578.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 178.19 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.47 578.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 234.07 578.10 Td (were ) Tj ET Q q 0 0 0 rg BT 256.45 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.17 578.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 297.88 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.26 578.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 353.19 578.10 Td (period ) Tj ET Q q 0 0 0 rg BT 381.68 578.10 Td (due ) Tj ET Q q 0 0 0 rg BT 399.07 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.79 578.10 Td (an ) Tj ET Q q 0 0 0 rg BT 422.18 578.10 Td (event ) Tj ET Q q 0 0 0 rg BT 446.78 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.06 578.10 Td (force ) Tj ET Q q 0 0 0 rg BT 481.54 578.10 Td (majeure, ) Tj ET Q q 0 0 0 rg BT 519.19 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.47 578.10 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 566.10 Td (have ) Tj ET Q q 0 0 0 rg BT 57.31 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.96 566.10 Td (right ) Tj ET Q q 0 0 0 rg BT 93.28 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.49 566.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 120.36 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.23 566.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 144.64 566.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 162.62 566.10 Td (force ) Tj ET Q q 0 0 0 rg BT 190.03 566.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 224.66 566.10 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 249.85 566.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.27 566.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.38 566.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 314.91 566.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 367.33 566.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 392.53 566.10 Td (than ) Tj ET Q q 0 0 0 rg BT 412.18 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.83 566.10 Td (waiting ) Tj ET Q q 0 0 0 rg BT 459.26 566.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 476.67 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.77 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.64 566.10 Td (period ) Tj ET Q q 0 0 0 rg BT 525.61 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.38 566.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 559.08 566.10 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 554.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 73.90 554.10 Td (, ) Tj ET Q q 0 0 0 rg BT 78.07 554.10 Td (may ) Tj ET Q q 0 0 0 rg BT 96.96 554.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 136.38 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.27 554.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 181.38 554.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 219.14 554.10 Td (related ) Tj ET Q q 0 0 0 rg BT 248.01 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.46 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.35 554.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 301.34 554.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 316.62 554.10 Td (For ) Tj ET Q q 0 0 0 rg BT 332.18 554.10 Td (more ) Tj ET Q q 0 0 0 rg BT 354.40 554.10 Td (details ) Tj ET Q q 0 0 0 rg BT 382.17 554.10 Td (on ) Tj ET Q q 0 0 0 rg BT 393.84 554.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.84 554.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 439.95 554.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 480.21 554.10 Td (see ) Tj ET Q q 0 0 0 rg BT 494.65 554.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 519.08 554.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 528.25 554.10 Td (Information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 542.10 Td (on ) Tj ET Q q 0 0 0 rg BT 48.52 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.25 542.10 Td (Company-B. ) Tj ET Q q 0 0 0 rg BT 119.46 542.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 157.54 542.10 Td (Overview-Drilling ) Tj ET Q q 0 0 0 rg BT 236.79 542.10 Td (Contracts. ) Tj ET Q q 0 0 0 rg BT 284.57 542.10 Td (Suspension ) Tj ET Q q 0 0 0 rg BT 332.65 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.49 542.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 375.45 542.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 410.17 542.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 453.51 542.10 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 496.57 542.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 533.52 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.37 542.10 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 530.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 57.50 530.10 Td (or ) Tj ET Q q 0 0 0 rg BT 68.45 530.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 117.17 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.12 530.10 Td (any ) Tj ET Q q 0 0 0 rg BT 145.18 530.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 177.24 530.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 212.07 530.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 260.22 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.17 530.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.23 530.10 Td (result ) Tj ET Q q 0 0 0 rg BT 303.07 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.02 530.10 Td (an ) Tj ET Q q 0 0 0 rg BT 326.08 530.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 375.91 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.86 530.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 431.14 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 442.09 530.10 Td (described ) Tj ET Q q 0 0 0 rg BT 483.03 530.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 510.63 530.10 Td (could ) Tj ET Q q 0 0 0 rg BT 535.47 530.10 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 518.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 76.82 518.10 Td (af) Tj ET Q q 0 0 0 rg BT 84.40 518.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 101.89 518.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.72 518.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.20 518.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 197.97 518.10 Td (results ) Tj ET Q q 0 0 0 rg BT 226.58 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.41 518.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 281.57 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.50 518.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 326.56 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.83 518.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 353.77 518.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 395.16 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.44 518.10 Td (our ) Tj ET Q q 0 0 0 rg BT 421.27 518.10 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 494.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 105.62 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.90 494.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 144.51 494.10 Td (or ) Tj ET Q q 0 0 0 rg BT 155.91 494.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 182.85 494.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 211.47 494.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 240.64 494.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 283.70 494.10 Td (could ) Tj ET Q q 0 0 0 rg BT 308.98 494.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 349.79 494.10 Td (af) Tj ET Q q 0 0 0 rg BT 357.94 494.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 375.43 494.10 Td (our ) Tj ET Q q 0 0 0 rg BT 392.38 494.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 470.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 470.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.23 470.10 Td (require ) Tj ET Q q 0 0 0 rg BT 119.69 470.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 148.40 470.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 178.22 470.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 220.24 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.17 470.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 263.75 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.34 470.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 315.04 470.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 354.28 470.10 Td (services ) Tj ET Q q 0 0 0 rg BT 389.63 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.22 470.10 Td (support ) Tj ET Q q 0 0 0 rg BT 440.37 470.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.18 470.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.67 470.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 511.21 470.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 564.36 470.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 458.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 65.02 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 81.82 458.10 Td (other ) Tj ET Q q 0 0 0 rg BT 104.72 458.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 127.63 458.10 Td (required ) Tj ET Q q 0 0 0 rg BT 163.30 458.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.32 458.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.00 458.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 224.81 458.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 268.82 458.10 Td (has ) Tj ET Q q 0 0 0 rg BT 284.51 458.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 324.62 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.75 458.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 361.53 458.10 Td (years ) Tj ET Q q 0 0 0 rg BT 384.99 458.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.68 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.25 458.10 Td (number ) Tj ET Q q 0 0 0 rg BT 443.16 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.84 458.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 485.64 458.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 503.00 458.10 Td (activated ) Tj ET Q q 0 0 0 rg BT 541.45 458.10 Td (or ) Tj ET Q q 0 0 0 rg BT 552.14 458.10 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.97 446.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 92.94 446.10 Td (fleets ) Tj ET Q q 0 0 0 rg BT 117.79 446.10 Td (has ) Tj ET Q q 0 0 0 rg BT 134.31 446.10 Td (increased. ) Tj ET Q q 0 0 0 rg BT 177.76 446.10 Td (If ) Tj ET Q q 0 0 0 rg BT 187.62 446.10 Td (this ) Tj ET Q q 0 0 0 rg BT 205.26 446.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 249.00 446.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 290.52 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.15 446.10 Td (is ) Tj ET Q q 0 0 0 rg BT 318.02 446.10 Td (coupled ) Tj ET Q q 0 0 0 rg BT 352.87 446.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.84 446.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 415.36 446.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 450.21 446.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.07 446.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 497.70 446.10 Td (services ) Tj ET Q q 0 0 0 rg BT 533.11 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.08 446.10 Td (general, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 434.10 Td (shortages ) Tj ET Q q 0 0 0 rg BT 76.55 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.65 434.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 125.97 434.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 167.63 434.10 Td (could ) Tj ET Q q 0 0 0 rg BT 192.62 434.10 Td (further ) Tj ET Q q 0 0 0 rg BT 222.61 434.10 Td (create ) Tj ET Q q 0 0 0 rg BT 249.25 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.46 434.10 Td (intensify ) Tj ET Q q 0 0 0 rg BT 304.23 434.10 Td (upward ) Tj ET Q q 0 0 0 rg BT 337.00 434.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 373.10 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.88 434.10 Td (wages ) Tj ET Q q 0 0 0 rg BT 413.64 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.86 434.10 Td (make ) Tj ET Q q 0 0 0 rg BT 455.29 434.10 Td (it ) Tj ET Q q 0 0 0 rg BT 463.63 434.10 Td (more ) Tj ET Q q 0 0 0 rg BT 486.95 434.10 Td (dif) Tj ET Q q 0 0 0 rg BT 497.88 434.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 521.76 434.10 Td (for ) Tj ET Q q 0 0 0 rg BT 536.20 434.10 Td (us ) Tj ET Q q 0 0 0 rg BT 547.87 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 558.42 434.10 Td (staf) Tj ET Q q 0 0 0 rg BT 572.68 434.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 53.22 422.10 Td (service ) Tj ET Q q 0 0 0 rg BT 84.33 422.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.44 422.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 132.67 422.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 152.96 422.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 175.74 422.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 234.07 422.10 Td (could ) Tj ET Q q 0 0 0 rg BT 259.07 422.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 300.17 422.10 Td (af) Tj ET Q q 0 0 0 rg BT 307.76 422.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 325.53 422.10 Td (our ) Tj ET Q q 0 0 0 rg BT 341.65 422.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.41 422.10 Td (results ) Tj ET Q q 0 0 0 rg BT 408.31 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.53 422.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 446.09 422.10 Td (flow) Tj ET Q q 0 0 0 rg BT 463.77 422.10 Td (. ) Tj ET Q q 0 0 0 rg BT 469.05 422.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 524.32 422.10 Td (as ) Tj ET Q q 0 0 0 rg BT 535.44 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.66 422.10 Td (result ) Tj ET Q q 0 0 0 rg BT 567.67 422.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 410.10 Td (any ) Tj ET Q q 0 0 0 rg BT 52.29 410.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 91.90 410.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 141.53 410.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.04 410.10 Td (people ) Tj ET Q q 0 0 0 rg BT 183.55 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.85 410.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 216.70 410.10 Td (for ) Tj ET Q q 0 0 0 rg BT 230.22 410.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 257.62 410.10 Td (turnover) Tj ET Q q 0 0 0 rg BT 291.10 410.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.45 410.10 Td (we ) Tj ET Q q 0 0 0 rg BT 308.97 410.10 Td (may ) Tj ET Q q 0 0 0 rg BT 328.04 410.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 373.20 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.49 410.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 419.11 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.74 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.82 410.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 487.97 410.10 Td (level ) Tj ET Q q 0 0 0 rg BT 509.26 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.45 410.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.63 410.10 Td (personnel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 398.10 Td (which ) Tj ET Q q 0 0 0 rg BT 62.94 398.10 Td (could ) Tj ET Q q 0 0 0 rg BT 87.66 398.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 106.81 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.09 398.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 145.14 398.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 187.63 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.57 398.10 Td (more ) Tj ET Q q 0 0 0 rg BT 227.62 398.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 267.88 398.10 Td (incidents.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 374.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.73 374.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 114.45 374.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 136.50 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.11 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.94 374.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 210.44 374.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 258.61 374.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.78 374.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 301.04 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.87 374.10 Td (us ) Tj ET Q q 0 0 0 rg BT 322.38 374.10 Td (could ) Tj ET Q q 0 0 0 rg BT 347.21 374.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 383.69 374.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.64 374.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.69 374.10 Td (result ) Tj ET Q q 0 0 0 rg BT 427.08 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.46 374.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 477.82 374.10 Td (bargaining ) Tj ET Q q 0 0 0 rg BT 525.44 374.10 Td (negotiations ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 54.06 362.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 90.45 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.29 362.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 125.46 362.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 146.30 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.36 362.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 338.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.87 338.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 126.07 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.71 338.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.36 338.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 197.44 338.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.97 338.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 260.37 338.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.69 338.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 313.88 338.10 Td (bar) Tj ET Q q 0 0 0 rg BT 326.46 338.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 358.78 338.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 409.13 338.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 439.22 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.32 338.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 483.85 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.60 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.14 338.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 536.39 338.10 Td (As ) Tj ET Q q 0 0 0 rg BT 549.82 338.10 Td (part ) Tj ET Q q 0 0 0 rg BT 567.69 338.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.44 326.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 72.09 326.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 121.25 326.10 Td (we ) Tj ET Q q 0 0 0 rg BT 135.13 326.10 Td (are ) Tj ET Q q 0 0 0 rg BT 149.55 326.10 Td (required ) Tj ET Q q 0 0 0 rg BT 185.09 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.08 326.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 237.84 326.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 267.26 326.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 303.37 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.36 326.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 356.67 326.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 381.11 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.77 326.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 431.10 326.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 454.42 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.08 326.10 Td (are ) Tj ET Q q 0 0 0 rg BT 485.50 326.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 524.92 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.92 326.10 Td (our ) Tj ET Q q 0 0 0 rg BT 550.47 326.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 47.71 314.10 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 81.64 314.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 130.83 314.10 Td (In ) Tj ET Q q 0 0 0 rg BT 143.09 314.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 182.29 314.10 Td (many ) Tj ET Q q 0 0 0 rg BT 208.44 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.70 314.10 Td (these ) Tj ET Q q 0 0 0 rg BT 245.17 314.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 295.18 314.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 343.55 314.10 Td (are ) Tj ET Q q 0 0 0 rg BT 359.69 314.10 Td (working ) Tj ET Q q 0 0 0 rg BT 396.95 314.10 Td (under ) Tj ET Q q 0 0 0 rg BT 423.64 314.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 473.10 314.10 Td (that ) Tj ET Q q 0 0 0 rg BT 492.03 314.10 Td (are ) Tj ET Q q 0 0 0 rg BT 508.16 314.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 540.41 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.12 314.10 Td (salary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.10 Td (negotiation. ) Tj ET Q q 0 0 0 rg BT 85.51 302.10 Td (These ) Tj ET Q q 0 0 0 rg BT 111.56 302.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 162.62 302.10 Td (could ) Tj ET Q q 0 0 0 rg BT 187.01 302.10 Td (result ) Tj ET Q q 0 0 0 rg BT 211.40 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.36 302.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 249.08 302.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 290.13 302.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 314.81 302.10 Td (other ) Tj ET Q q 0 0 0 rg BT 337.53 302.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 377.46 302.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 399.63 302.10 Td (or ) Tj ET Q q 0 0 0 rg BT 410.14 302.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 450.07 302.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 490.01 302.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 536.61 302.10 Td (that ) Tj ET Q q 0 0 0 rg BT 553.78 302.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 290.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 76.82 290.10 Td (af) Tj ET Q q 0 0 0 rg BT 84.40 290.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 101.89 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.72 290.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.20 290.10 Td (performance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 266.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 105.28 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.22 266.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 146.81 266.10 Td (with ) Tj ET Q q 0 0 0 rg BT 166.76 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.70 266.10 Td (United ) Tj ET Q q 0 0 0 rg BT 211.64 266.10 Td (States ) Tj ET Q q 0 0 0 rg BT 238.25 266.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 273.75 266.10 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 308.70 266.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 348.31 266.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 364.35 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.40 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.34 266.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 406.40 266.10 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 439.34 266.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 455.39 266.10 Td (could ) Tj ET Q q 0 0 0 rg BT 480.33 266.10 Td (result ) Tj ET Q q 0 0 0 rg BT 505.83 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.33 266.10 Td (fines, ) Tj ET Q q 0 0 0 rg BT 540.99 266.10 Td (criminal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 254.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 77.67 254.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 110.73 254.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 147.12 254.10 Td (terminations ) Tj ET Q q 0 0 0 rg BT 201.85 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.92 254.10 Td (an ) Tj ET Q q 0 0 0 rg BT 232.98 254.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 266.58 254.10 Td (ef) Tj ET Q q 0 0 0 rg BT 274.16 254.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 291.65 254.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.71 254.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.66 254.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 230.10 Td (While ) Tj ET Q q 0 0 0 rg BT 98.68 230.10 Td (we ) Tj ET Q q 0 0 0 rg BT 112.58 230.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 144.25 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.82 230.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 191.51 230.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 208.75 230.10 Td (of) Tj ET Q q 0 0 0 rg BT 216.90 230.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 244.14 230.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 278.59 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.27 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.73 230.10 Td (United ) Tj ET Q q 0 0 0 rg BT 339.19 230.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 381.72 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.29 230.10 Td (business ) Tj ET Q q 0 0 0 rg BT 433.43 230.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.45 230.10 Td (national ) Tj ET Q q 0 0 0 rg BT 487.90 230.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 500.70 230.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 548.21 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 558.78 230.10 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 218.10 Td (as ) Tj ET Q q 0 0 0 rg BT 46.31 218.10 Td (state ) Tj ET Q q 0 0 0 rg BT 66.62 218.10 Td (or ) Tj ET Q q 0 0 0 rg BT 76.93 218.10 Td (government ) Tj ET Q q 0 0 0 rg BT 126.67 218.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 155.31 218.10 Td (shipbuilding ) Tj ET Q q 0 0 0 rg BT 207.29 218.10 Td (enterprises ) Tj ET Q q 0 0 0 rg BT 252.59 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.01 218.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 308.75 218.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 345.16 218.10 Td (may ) Tj ET Q q 0 0 0 rg BT 364.35 218.10 Td (put ) Tj ET Q q 0 0 0 rg BT 379.11 218.10 Td (us ) Tj ET Q q 0 0 0 rg BT 389.98 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.74 218.10 Td (contact ) Tj ET Q q 0 0 0 rg BT 430.59 218.10 Td (with ) Tj ET Q q 0 0 0 rg BT 450.35 218.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 482.88 218.10 Td (who ) Tj ET Q q 0 0 0 rg BT 502.08 218.10 Td (may ) Tj ET Q q 0 0 0 rg BT 521.28 218.10 Td (be ) Tj ET Q q 0 0 0 rg BT 532.70 218.10 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 206.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 71.79 206.10 Td (of) Tj ET Q q 0 0 0 rg BT 79.94 206.10 Td (ficials ) Tj ET Q q 0 0 0 rg BT 111.28 206.10 Td (under ) Tj ET Q q 0 0 0 rg BT 136.52 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.21 206.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.69 206.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 187.27 206.10 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 220.85 206.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 258.87 206.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 278.28 206.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.09 206.10 Td (FCP) Tj ET Q q 0 0 0 rg BT 305.96 206.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 317.98 206.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.62 206.10 Td (e ) Tj ET Q q 0 0 0 rg BT 333.53 206.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.21 206.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 379.01 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.26 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.95 206.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 421.42 206.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.89 206.10 Td (we, ) Tj ET Q q 0 0 0 rg BT 455.52 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.33 206.10 Td (af) Tj ET Q q 0 0 0 rg BT 478.91 206.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 509.71 206.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 541.06 206.10 Td (or ) Tj ET Q q 0 0 0 rg BT 551.86 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 567.67 206.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 194.10 Td (their ) Tj ET Q q 0 0 0 rg BT 57.36 194.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 100.93 194.10 Td (of) Tj ET Q q 0 0 0 rg BT 109.08 194.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 136.82 194.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 177.34 194.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 223.14 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.62 194.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 269.20 194.10 Td (may ) Tj ET Q q 0 0 0 rg BT 289.45 194.10 Td (take ) Tj ET Q q 0 0 0 rg BT 309.15 194.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 340.51 194.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 388.52 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.34 194.10 Td (be ) Tj ET Q q 0 0 0 rg BT 411.81 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.63 194.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 461.21 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.58 194.10 Td (anti-corruption ) Tj ET Q q 0 0 0 rg BT 535.60 194.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 558.79 194.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 182.10 Td (such ) Tj ET Q q 0 0 0 rg BT 56.23 182.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 93.69 182.10 Td (could ) Tj ET Q q 0 0 0 rg BT 117.81 182.10 Td (result ) Tj ET Q q 0 0 0 rg BT 141.93 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.61 182.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 196.29 182.10 Td (fines, ) Tj ET Q q 0 0 0 rg BT 220.13 182.10 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 261.75 182.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 281.43 182.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 308.88 182.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 344.10 182.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 384.04 182.10 Td (curtailment ) Tj ET Q q 0 0 0 rg BT 431.49 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.72 182.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 485.28 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.96 182.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 524.06 182.10 Td (jurisdictions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.97 170.10 Td (such ) Tj ET Q q 0 0 0 rg BT 73.83 170.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 115.80 170.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.67 170.10 Td (allegations ) Tj ET Q q 0 0 0 rg BT 172.52 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.38 170.10 Td (such ) Tj ET Q q 0 0 0 rg BT 204.24 170.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 246.21 170.10 Td (might ) Tj ET Q q 0 0 0 rg BT 272.08 170.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 312.92 170.10 Td (af) Tj ET Q q 0 0 0 rg BT 320.51 170.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 338.03 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.89 170.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 392.81 170.10 Td (results ) Tj ET Q q 0 0 0 rg BT 421.45 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.31 170.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 476.50 170.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.36 170.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.87 170.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 567.67 170.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 158.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 73.93 158.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 100.46 158.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.44 158.10 Td (alleged ) Tj ET Q q 0 0 0 rg BT 142.97 158.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 185.07 158.10 Td (could ) Tj ET Q q 0 0 0 rg BT 209.94 158.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 243.69 158.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.67 158.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 302.87 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.96 158.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 348.17 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.61 158.10 Td (do ) Tj ET Q q 0 0 0 rg BT 371.26 158.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 410.31 158.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 465.45 158.10 Td (detecting, ) Tj ET Q q 0 0 0 rg BT 507.25 158.10 Td (investigating ) Tj ET Q q 0 0 0 rg BT 561.57 158.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 146.10 Td (resolving ) Tj ET Q q 0 0 0 rg BT 75.72 146.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 102.09 146.10 Td (or ) Tj ET Q q 0 0 0 rg BT 112.92 146.10 Td (alleged ) Tj ET Q q 0 0 0 rg BT 144.29 146.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 186.23 146.10 Td (is ) Tj ET Q q 0 0 0 rg BT 195.40 146.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 237.89 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.83 146.10 Td (can ) Tj ET Q q 0 0 0 rg BT 271.21 146.10 Td (consume ) Tj ET Q q 0 0 0 rg BT 309.25 146.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 353.96 146.10 Td (time ) Tj ET Q q 0 0 0 rg BT 374.24 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.18 146.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 428.67 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.50 146.10 Td (our ) Tj ET Q q 0 0 0 rg BT 455.33 146.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 482.26 146.10 Td (management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 122.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.40 122.10 Td (order ) Tj ET Q q 0 0 0 rg BT 107.56 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.40 122.10 Td (ef) Tj ET Q q 0 0 0 rg BT 125.99 122.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 164.04 122.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 200.97 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.82 122.10 Td (some ) Tj ET Q q 0 0 0 rg BT 235.99 122.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 267.93 122.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 322.94 122.10 Td (we ) Tj ET Q q 0 0 0 rg BT 337.67 122.10 Td (may ) Tj ET Q q 0 0 0 rg BT 357.95 122.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 386.01 122.10 Td (local ) Tj ET Q q 0 0 0 rg BT 408.51 122.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 437.12 122.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 465.73 122.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 503.79 122.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 535.74 122.10 Td (with ) Tj ET Q q 0 0 0 rg BT 556.58 122.10 Td (local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 110.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 75.30 110.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.71 110.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 121.68 110.10 Td (partners. ) Tj ET Q q 0 0 0 rg BT 158.01 110.10 Td (All ) Tj ET Q q 0 0 0 rg BT 172.88 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.30 110.10 Td (these ) Tj ET Q q 0 0 0 rg BT 205.93 110.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 244.12 110.10 Td (may ) Tj ET Q q 0 0 0 rg BT 263.43 110.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 295.51 110.10 Td (interaction ) Tj ET Q q 0 0 0 rg BT 340.36 110.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.45 110.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.86 110.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 395.50 110.10 Td (with ) Tj ET Q q 0 0 0 rg BT 415.37 110.10 Td (government ) Tj ET Q q 0 0 0 rg BT 465.22 110.10 Td (of) Tj ET Q q 0 0 0 rg BT 473.37 110.10 Td (ficials. ) Tj ET Q q 0 0 0 rg BT 502.39 110.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 525.03 110.10 Td (though ) Tj ET Q q 0 0 0 rg BT 554.90 110.10 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.86 98.10 Td (our ) Tj ET Q q 0 0 0 rg BT 62.73 98.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 90.81 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.78 98.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 142.52 98.10 Td (may ) Tj ET Q q 0 0 0 rg BT 162.27 98.10 Td (not ) Tj ET Q q 0 0 0 rg BT 177.58 98.10 Td (themselves ) Tj ET Q q 0 0 0 rg BT 224.55 98.10 Td (be ) Tj ET Q q 0 0 0 rg BT 236.52 98.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 267.38 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.69 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.44 98.10 Td (FCP) Tj ET Q q 0 0 0 rg BT 309.31 98.10 Td (A, ) Tj ET Q q 0 0 0 rg BT 321.57 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.32 98.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 353.29 98.10 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 385.82 98.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 402.79 98.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.65 98.10 Td (other ) Tj ET Q q 0 0 0 rg BT 436.73 98.10 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 486.47 98.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 507.33 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.64 98.10 Td (which ) Tj ET Q q 0 0 0 rg BT 544.61 98.10 Td (we ) Tj ET Q q 0 0 0 rg BT 558.81 98.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 86.10 Td (be ) Tj ET Q q 0 0 0 rg BT 47.74 86.10 Td (subject, ) Tj ET Q q 0 0 0 rg BT 80.87 86.10 Td (if ) Tj ET Q q 0 0 0 rg BT 89.29 86.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.92 86.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 132.77 86.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.41 86.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 177.92 86.10 Td (make ) Tj ET Q q 0 0 0 rg BT 201.88 86.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 240.84 86.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 281.47 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.55 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.86 86.10 Td (government ) Tj ET Q q 0 0 0 rg BT 343.92 86.10 Td (of) Tj ET Q q 0 0 0 rg BT 352.07 86.10 Td (ficials ) Tj ET Q q 0 0 0 rg BT 378.81 86.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.45 86.10 Td (other ) Tj ET Q q 0 0 0 rg BT 412.30 86.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 445.16 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.46 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.54 86.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 503.72 86.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.80 86.10 Td (engagements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 74.10 Td (or ) Tj ET Q q 0 0 0 rg BT 46.47 74.10 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 97.48 74.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.39 74.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 130.92 74.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.72 74.10 Td (could ) Tj ET Q q 0 0 0 rg BT 169.07 74.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.65 74.10 Td (investigated ) Tj ET Q q 0 0 0 rg BT 231.10 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.68 74.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 292.58 74.10 Td (found ) Tj ET Q q 0 0 0 rg BT 318.05 74.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 342.40 74.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.19 74.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 393.88 74.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.35 74.10 Td (such ) Tj ET Q q 0 0 0 rg BT 424.81 74.10 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 474.15 74.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 494.62 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.19 74.10 Td (could ) Tj ET Q q 0 0 0 rg BT 535.55 74.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 558.23 74.10 Td (civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 62.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 88.76 62.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 126.80 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.74 62.10 Td (other ) Tj ET Q q 0 0 0 rg BT 166.79 62.10 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 209.00 62.10 Td (which ) Tj ET Q q 0 0 0 rg BT 235.94 62.10 Td (could ) Tj ET Q q 0 0 0 rg BT 260.66 62.10 Td (have ) Tj ET Q q 0 0 0 rg BT 282.04 62.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.97 62.10 Td (material ) Tj ET Q q 0 0 0 rg BT 324.23 62.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 357.27 62.10 Td (ef) Tj ET Q q 0 0 0 rg BT 364.86 62.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 382.34 62.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.84 62.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.67 62.10 Td (business ) Tj ET Q q 0 0 0 rg BT 447.06 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.00 62.10 Td (results ) Tj ET Q q 0 0 0 rg BT 492.61 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.44 62.10 Td (operation.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (21) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (If ) Tj ET Q q 0 0 0 rg BT 81.85 749.25 Td (our ) Tj ET Q q 0 0 0 rg BT 98.93 749.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 132.12 749.25 Td (units ) Tj ET Q q 0 0 0 rg BT 155.32 749.25 Td (are ) Tj ET Q q 0 0 0 rg BT 171.28 749.25 Td (located ) Tj ET Q q 0 0 0 rg BT 203.34 749.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.30 749.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 255.27 749.25 Td (that ) Tj ET Q q 0 0 0 rg BT 274.02 749.25 Td (are ) Tj ET Q q 0 0 0 rg BT 289.97 749.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 321.49 749.25 Td (to ) Tj ET Q q 0 0 0 rg BT 331.89 749.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 373.95 749.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 415.48 749.25 Td (or ) Tj ET Q q 0 0 0 rg BT 427.00 749.25 Td (other ) Tj ET Q q 0 0 0 rg BT 451.30 749.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 493.37 749.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 542.12 749.25 Td (imposed ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td (by ) Tj ET Q q 0 0 0 rg BT 47.94 737.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.22 737.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 83.50 737.25 Td (or ) Tj ET Q q 0 0 0 rg BT 94.89 737.25 Td (other ) Tj ET Q q 0 0 0 rg BT 119.06 737.25 Td (governments, ) Tj ET Q q 0 0 0 rg BT 176.84 737.25 Td (our ) Tj ET Q q 0 0 0 rg BT 193.79 737.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 239.08 737.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.14 737.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.42 737.25 Td (market ) Tj ET Q q 0 0 0 rg BT 303.81 737.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.53 737.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.48 737.25 Td (common ) Tj ET Q q 0 0 0 rg BT 373.54 737.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 397.15 737.25 Td (could ) Tj ET Q q 0 0 0 rg BT 422.43 737.25 Td (be ) Tj ET Q q 0 0 0 rg BT 434.36 737.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 475.18 737.25 Td (af) Tj ET Q q 0 0 0 rg BT 483.33 737.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 103.78 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.46 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 130.14 713.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 173.04 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 183.72 713.25 Td (other ) Tj ET Q q 0 0 0 rg BT 206.62 713.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 235.62 713.25 Td (that ) Tj ET Q q 0 0 0 rg BT 252.97 713.25 Td (we ) Tj ET Q q 0 0 0 rg BT 266.98 713.25 Td (have ) Tj ET Q q 0 0 0 rg BT 288.21 713.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 319.98 713.25 Td (into ) Tj ET Q q 0 0 0 rg BT 337.89 713.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 376.33 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 396.46 713.25 Td (may ) Tj ET Q q 0 0 0 rg BT 416.03 713.25 Td (be ) Tj ET Q q 0 0 0 rg BT 427.81 713.25 Td (af) Tj ET Q q 0 0 0 rg BT 435.40 713.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 466.07 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 486.20 713.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 519.10 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 529.78 713.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 561.02 713.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (are ) Tj ET Q q 0 0 0 rg BT 51.61 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 67.22 701.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 98.95 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.68 701.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 151.30 701.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 188.58 701.25 Td (by ) Tj ET Q q 0 0 0 rg BT 201.98 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.60 701.25 Td (United ) Tj ET Q q 0 0 0 rg BT 248.22 701.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 278.00 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.62 701.25 Td (European ) Tj ET Q q 0 0 0 rg BT 335.33 701.25 Td (Union ) Tj ET Q q 0 0 0 rg BT 363.73 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.57 701.25 Td (/ ) Tj ET Q q 0 0 0 rg BT 387.75 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 399.48 701.25 Td (other ) Tj ET Q q 0 0 0 rg BT 423.43 701.25 Td (international ) Tj ET Q q 0 0 0 rg BT 477.36 701.25 Td (bodies ) Tj ET Q q 0 0 0 rg BT 506.87 701.25 Td (as ) Tj ET Q q 0 0 0 rg BT 518.60 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 526.44 701.25 Td (result ) Tj ET Q q 0 0 0 rg BT 552.06 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 563.79 701.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (annexation ) Tj ET Q q 0 0 0 rg BT 82.07 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.59 689.25 Td (Crimea ) Tj ET Q q 0 0 0 rg BT 124.22 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 136.41 689.25 Td (Russia ) Tj ET Q q 0 0 0 rg BT 165.27 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.25 689.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 199.94 689.25 Td (If ) Tj ET Q q 0 0 0 rg BT 208.79 689.25 Td (we ) Tj ET Q q 0 0 0 rg BT 222.65 689.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 264.82 689.25 Td (that ) Tj ET Q q 0 0 0 rg BT 282.01 689.25 Td (such ) Tj ET Q q 0 0 0 rg BT 302.54 689.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 341.95 689.25 Td (require ) Tj ET Q q 0 0 0 rg BT 372.46 689.25 Td (us ) Tj ET Q q 0 0 0 rg BT 383.54 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.51 689.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 433.47 689.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 467.33 689.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 505.61 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 516.14 689.25 Td (if ) Tj ET Q q 0 0 0 rg BT 524.44 689.25 Td (we ) Tj ET Q q 0 0 0 rg BT 538.29 689.25 Td (are ) Tj ET Q q 0 0 0 rg BT 552.69 689.25 Td (found ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 46.37 677.25 Td (be ) Tj ET Q q 0 0 0 rg BT 58.40 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 68.77 677.25 Td (violation ) Tj ET Q q 0 0 0 rg BT 106.91 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.84 677.25 Td (such ) Tj ET Q q 0 0 0 rg BT 138.76 677.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 182.44 677.25 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 224.75 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 240.67 677.25 Td (results ) Tj ET Q q 0 0 0 rg BT 269.37 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.29 677.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 324.54 677.25 Td (may ) Tj ET Q q 0 0 0 rg BT 344.35 677.25 Td (be ) Tj ET Q q 0 0 0 rg BT 356.38 677.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 397.28 677.25 Td (af) Tj ET Q q 0 0 0 rg BT 404.87 677.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 431.89 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 442.81 677.25 Td (we ) Tj ET Q q 0 0 0 rg BT 457.06 677.25 Td (may ) Tj ET Q q 0 0 0 rg BT 476.87 677.25 Td (suf) Tj ET Q q 0 0 0 rg BT 488.91 677.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 502.60 677.25 Td (reputational ) Tj ET Q q 0 0 0 rg BT 552.95 677.25 Td (harm. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (In ) Tj ET Q q 0 0 0 rg BT 46.61 665.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 84.16 665.25 Td (various ) Tj ET Q q 0 0 0 rg BT 115.87 665.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 135.93 665.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 175.43 665.25 Td (have ) Tj ET Q q 0 0 0 rg BT 196.58 665.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 226.06 665.25 Td (extraterritorial ) Tj ET Q q 0 0 0 rg BT 286.08 665.25 Td (ef) Tj ET Q q 0 0 0 rg BT 293.67 665.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 314.82 665.25 Td (that ) Tj ET Q q 0 0 0 rg BT 332.09 665.25 Td (need ) Tj ET Q q 0 0 0 rg BT 353.25 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.30 665.25 Td (be ) Tj ET Q q 0 0 0 rg BT 375.02 665.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 420.61 665.25 Td (by ) Tj ET Q q 0 0 0 rg BT 432.89 665.25 Td (non ) Tj ET Q q 0 0 0 rg BT 450.16 665.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 470.22 665.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 517.76 665.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 556.79 665.25 Td (, ) Tj ET Q q 0 0 0 rg BT 561.57 665.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 56.15 653.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 89.06 653.25 Td (who ) Tj ET Q q 0 0 0 rg BT 108.64 653.25 Td (serve ) Tj ET Q q 0 0 0 rg BT 132.10 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 142.80 653.25 Td (of) Tj ET Q q 0 0 0 rg BT 150.95 653.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 178.02 653.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 215.36 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.06 653.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 271.18 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.87 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.57 653.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 347.15 653.25 Td (would ) Tj ET Q q 0 0 0 rg BT 374.51 653.25 Td (be ) Tj ET Q q 0 0 0 rg BT 386.31 653.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 407.56 653.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 438.25 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.39 653.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 468.53 653.25 Td (sanctions. ) Tj ET Q q 0 0 0 rg BT 510.61 653.25 Td (It ) Tj ET Q q 0 0 0 rg BT 519.08 653.25 Td (should ) Tj ET Q q 0 0 0 rg BT 548.11 653.25 Td (also ) Tj ET Q q 0 0 0 rg BT 566.58 653.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 59.87 641.25 Td (that ) Tj ET Q q 0 0 0 rg BT 76.51 641.25 Td (other ) Tj ET Q q 0 0 0 rg BT 98.71 641.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 152.02 641.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.87 641.25 Td (more ) Tj ET Q q 0 0 0 rg BT 188.07 641.25 Td (frequently ) Tj ET Q q 0 0 0 rg BT 230.81 641.25 Td (implementing ) Tj ET Q q 0 0 0 rg BT 288.01 641.25 Td (versions ) Tj ET Q q 0 0 0 rg BT 322.99 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.97 641.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 352.41 641.25 Td (sanctions. ) Tj ET Q q 0 0 0 rg BT 393.65 641.25 Td (W) Tj ET Q q 0 0 0 rg BT 402.29 641.25 Td (e ) Tj ET Q q 0 0 0 rg BT 408.38 641.25 Td (do ) Tj ET Q q 0 0 0 rg BT 420.03 641.25 Td (not ) Tj ET Q q 0 0 0 rg BT 434.46 641.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 472.20 641.25 Td (have ) Tj ET Q q 0 0 0 rg BT 492.73 641.25 Td (any ) Tj ET Q q 0 0 0 rg BT 508.82 641.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 539.91 641.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 47.70 629.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 72.18 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 83.32 629.25 Td (initiate ) Tj ET Q q 0 0 0 rg BT 114.46 629.25 Td (any ) Tj ET Q q 0 0 0 rg BT 132.27 629.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 165.08 629.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 204.54 629.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 246.25 629.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 291.27 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.42 629.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 342.45 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.14 629.25 Td (with ) Tj ET Q q 0 0 0 rg BT 375.29 629.25 Td (government ) Tj ET Q q 0 0 0 rg BT 426.42 629.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 470.34 629.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 502.59 629.25 Td (that ) Tj ET Q q 0 0 0 rg BT 520.95 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 536.53 629.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 568.22 629.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 76.71 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.63 617.25 Td (embar) Tj ET Q q 0 0 0 rg BT 119.44 617.25 Td (goes ) Tj ET Q q 0 0 0 rg BT 141.26 617.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 178.63 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 192.12 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.83 617.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 229.10 617.25 Td (government ) Tj ET Q q 0 0 0 rg BT 280.35 617.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 309.39 617.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 351.20 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 364.68 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.39 617.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 401.66 617.25 Td (government ) Tj ET Q q 0 0 0 rg BT 452.91 617.25 Td (as ) Tj ET Q q 0 0 0 rg BT 464.73 617.25 Td (state ) Tj ET Q q 0 0 0 rg BT 486.55 617.25 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 525.04 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.86 617.25 Td (terrorism. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (However) Tj ET Q q 0 0 0 rg BT 72.25 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 77.88 605.25 Td (from ) Tj ET Q q 0 0 0 rg BT 100.45 605.25 Td (time ) Tj ET Q q 0 0 0 rg BT 121.35 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.26 605.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 155.66 605.25 Td (we ) Tj ET Q q 0 0 0 rg BT 170.45 605.25 Td (may ) Tj ET Q q 0 0 0 rg BT 190.79 605.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 213.91 605.25 Td (into ) Tj ET Q q 0 0 0 rg BT 232.59 605.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 265.17 605.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 304.39 605.25 Td (with ) Tj ET Q q 0 0 0 rg BT 325.29 605.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 365.08 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 376.54 605.25 Td (government-controlled ) Tj ET Q q 0 0 0 rg BT 471.30 605.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 503.31 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 521.44 605.25 Td (are ) Tj ET Q q 0 0 0 rg BT 536.77 605.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 568.23 605.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 75.37 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.96 593.25 Td (embar) Tj ET Q q 0 0 0 rg BT 116.76 593.25 Td (goes ) Tj ET Q q 0 0 0 rg BT 137.24 593.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 173.28 593.25 Td (by ) Tj ET Q q 0 0 0 rg BT 185.43 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.80 593.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 219.73 593.25 Td (government ) Tj ET Q q 0 0 0 rg BT 269.65 593.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 297.35 593.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 337.82 593.25 Td (by ) Tj ET Q q 0 0 0 rg BT 349.97 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.33 593.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 384.27 593.25 Td (government ) Tj ET Q q 0 0 0 rg BT 434.18 593.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.66 593.25 Td (state ) Tj ET Q q 0 0 0 rg BT 465.14 593.25 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 502.30 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.78 593.25 Td (terrorism ) Tj ET Q q 0 0 0 rg BT 551.58 593.25 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (entering ) Tj ET Q q 0 0 0 rg BT 71.82 581.25 Td (into ) Tj ET Q q 0 0 0 rg BT 90.42 581.25 Td (such ) Tj ET Q q 0 0 0 rg BT 111.81 581.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 150.95 581.25 Td (would ) Tj ET Q q 0 0 0 rg BT 179.00 581.25 Td (not ) Tj ET Q q 0 0 0 rg BT 194.83 581.25 Td (violate ) Tj ET Q q 0 0 0 rg BT 225.10 581.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 245.93 581.25 Td (law) Tj ET Q q 0 0 0 rg BT 259.72 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 265.27 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.65 581.25 Td (may ) Tj ET Q q 0 0 0 rg BT 296.92 581.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 319.96 581.25 Td (into ) Tj ET Q q 0 0 0 rg BT 338.57 581.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 371.06 581.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 410.21 581.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 451.60 581.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 496.30 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 507.13 581.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 546.84 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 558.22 581.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (government-controlled ) Tj ET Q q 0 0 0 rg BT 129.77 569.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 160.78 569.25 Td (that ) Tj ET Q q 0 0 0 rg BT 177.91 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 192.25 569.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 222.70 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.61 569.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 271.96 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.53 569.25 Td (embar) Tj ET Q q 0 0 0 rg BT 313.33 569.25 Td (goes ) Tj ET Q q 0 0 0 rg BT 333.80 569.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 369.81 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 381.94 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.29 569.25 Td (U.S ) Tj ET Q q 0 0 0 rg BT 413.71 569.25 Td (government ) Tj ET Q q 0 0 0 rg BT 463.60 569.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 491.28 569.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 531.73 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 543.86 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 558.21 569.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (government ) Tj ET Q q 0 0 0 rg BT 87.05 557.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.66 557.25 Td (state ) Tj ET Q q 0 0 0 rg BT 120.27 557.25 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 158.55 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.17 557.25 Td (terrorism. ) Tj ET Q q 0 0 0 rg BT 212.61 557.25 Td (However) Tj ET Q q 0 0 0 rg BT 248.86 557.25 Td (, ) Tj ET Q q 0 0 0 rg BT 254.64 557.25 Td (this ) Tj ET Q q 0 0 0 rg BT 272.37 557.25 Td (could ) Tj ET Q q 0 0 0 rg BT 297.87 557.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 342.80 557.25 Td (af) Tj ET Q q 0 0 0 rg BT 350.39 557.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 368.66 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.27 557.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 414.10 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.17 557.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 453.44 557.25 Td (investors. ) Tj ET Q q 0 0 0 rg BT 495.33 557.25 Td (In ) Tj ET Q q 0 0 0 rg BT 506.95 557.25 Td (some ) Tj ET Q q 0 0 0 rg BT 531.34 557.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 558.22 557.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 75.14 545.25 Td (would ) Tj ET Q q 0 0 0 rg BT 103.18 545.25 Td (be ) Tj ET Q q 0 0 0 rg BT 115.66 545.25 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 159.79 545.25 Td (from ) Tj ET Q q 0 0 0 rg BT 182.27 545.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 221.97 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.79 545.25 Td (an ) Tj ET Q q 0 0 0 rg BT 245.26 545.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 298.27 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.08 545.25 Td (which ) Tj ET Q q 0 0 0 rg BT 336.56 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.81 545.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 390.38 545.25 Td (could ) Tj ET Q q 0 0 0 rg BT 415.63 545.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 449.21 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.58 545.25 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 501.94 545.25 Td (be ) Tj ET Q q 0 0 0 rg BT 514.41 545.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 560.75 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 571.57 545.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 81.04 533.25 Td (entity) Tj ET Q q 0 0 0 rg BT 103.16 533.25 Td (. ) Tj ET Q q 0 0 0 rg BT 107.94 533.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 146.96 533.25 Td (, ) Tj ET Q q 0 0 0 rg BT 151.74 533.25 Td (even ) Tj ET Q q 0 0 0 rg BT 172.89 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.94 533.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 206.32 533.25 Td (where ) Tj ET Q q 0 0 0 rg BT 233.02 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.51 533.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 293.67 533.25 Td (would ) Tj ET Q q 0 0 0 rg BT 320.94 533.25 Td (not ) Tj ET Q q 0 0 0 rg BT 335.99 533.25 Td (violate ) Tj ET Q q 0 0 0 rg BT 365.48 533.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 385.54 533.25 Td (law) Tj ET Q q 0 0 0 rg BT 399.33 533.25 Td (, ) Tj ET Q q 0 0 0 rg BT 404.10 533.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 441.37 533.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 479.75 533.25 Td (could ) Tj ET Q q 0 0 0 rg BT 504.24 533.25 Td (view ) Tj ET Q q 0 0 0 rg BT 525.95 533.25 Td (such ) Tj ET Q q 0 0 0 rg BT 546.56 533.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 74.59 521.25 Td (negatively) Tj ET Q q 0 0 0 rg BT 115.59 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.59 521.25 Td (which ) Tj ET Q q 0 0 0 rg BT 147.53 521.25 Td (could ) Tj ET Q q 0 0 0 rg BT 172.24 521.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 213.05 521.25 Td (af) Tj ET Q q 0 0 0 rg BT 220.64 521.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 238.12 521.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.95 521.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 296.99 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.93 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.64 521.25 Td (market ) Tj ET Q q 0 0 0 rg BT 358.90 521.25 Td (for ) Tj ET Q q 0 0 0 rg BT 373.06 521.25 Td (our ) Tj ET Q q 0 0 0 rg BT 388.89 521.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 418.32 521.25 Td (As ) Tj ET Q q 0 0 0 rg BT 431.94 521.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 457.76 521.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 486.63 521.25 Td (we ) Tj ET Q q 0 0 0 rg BT 500.79 521.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 532.16 521.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.65 521.25 Td (we ) Tj ET Q q 0 0 0 rg BT 563.81 521.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.18 509.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 94.67 509.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.86 509.25 Td (all ) Tj ET Q q 0 0 0 rg BT 127.26 509.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 170.75 509.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 210.37 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.21 509.25 Td (embar) Tj ET Q q 0 0 0 rg BT 252.02 509.25 Td (go ) Tj ET Q q 0 0 0 rg BT 264.42 509.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 285.15 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.00 509.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 351.33 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.18 509.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 395.57 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.76 509.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 443.15 509.25 Td (such ) Tj ET Q q 0 0 0 rg BT 463.88 509.25 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 514.88 509.25 Td (However) Tj ET Q q 0 0 0 rg BT 551.13 509.25 Td (, ) Tj ET Q q 0 0 0 rg BT 556.03 509.25 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (can ) Tj ET Q q 0 0 0 rg BT 52.90 497.25 Td (be ) Tj ET Q q 0 0 0 rg BT 65.36 497.25 Td (no ) Tj ET Q q 0 0 0 rg BT 78.38 497.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 120.26 497.25 Td (that ) Tj ET Q q 0 0 0 rg BT 138.28 497.25 Td (we ) Tj ET Q q 0 0 0 rg BT 152.96 497.25 Td (will ) Tj ET Q q 0 0 0 rg BT 171.53 497.25 Td (be ) Tj ET Q q 0 0 0 rg BT 183.99 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.79 497.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 243.90 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.70 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.94 497.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 299.33 497.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 348.44 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.79 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.03 497.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 400.82 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.17 497.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 442.39 497.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 463.74 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 483.98 497.25 Td (be ) Tj ET Q q 0 0 0 rg BT 496.43 497.25 Td (unclear ) Tj ET Q q 0 0 0 rg BT 528.88 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 546.34 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 566.57 497.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 66.30 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 76.05 485.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 114.68 485.25 Td (interpretations. ) Tj ET Q q 0 0 0 rg BT 176.47 485.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 195.67 485.25 Td (such ) Tj ET Q q 0 0 0 rg BT 215.97 485.25 Td (violation ) Tj ET Q q 0 0 0 rg BT 253.49 485.25 Td (could ) Tj ET Q q 0 0 0 rg BT 277.68 485.25 Td (result ) Tj ET Q q 0 0 0 rg BT 301.87 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.62 485.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 333.04 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 343.34 485.25 Td (other ) Tj ET Q q 0 0 0 rg BT 365.86 485.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 403.37 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.78 485.25 Td (could ) Tj ET Q q 0 0 0 rg BT 443.97 485.25 Td (result ) Tj ET Q q 0 0 0 rg BT 468.16 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.91 485.25 Td (some ) Tj ET Q q 0 0 0 rg BT 500.99 485.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 539.08 485.25 Td (deciding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 46.76 473.25 Td (being ) Tj ET Q q 0 0 0 rg BT 71.41 473.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 109.66 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.87 473.25 Td (divest ) Tj ET Q q 0 0 0 rg BT 146.19 473.25 Td (their ) Tj ET Q q 0 0 0 rg BT 166.95 473.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 201.32 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 212.08 473.25 Td (not ) Tj ET Q q 0 0 0 rg BT 227.29 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.50 473.25 Td (invest, ) Tj ET Q q 0 0 0 rg BT 266.32 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.54 473.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.30 473.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 321.68 473.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 371.59 473.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.52 473.25 Td (some ) Tj ET Q q 0 0 0 rg BT 400.06 473.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 438.60 473.25 Td (may ) Tj ET Q q 0 0 0 rg BT 458.25 473.25 Td (decide ) Tj ET Q q 0 0 0 rg BT 486.78 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.99 473.25 Td (divest ) Tj ET Q q 0 0 0 rg BT 523.31 473.25 Td (their ) Tj ET Q q 0 0 0 rg BT 544.07 473.25 Td (interest,) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 576.00 473.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 36.00 461.25 Td (or ) Tj ET Q q 0 0 0 rg BT 47.01 461.25 Td (not ) Tj ET Q q 0 0 0 rg BT 62.47 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 72.94 461.25 Td (invest, ) Tj ET Q q 0 0 0 rg BT 102.01 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.47 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 128.48 461.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 156.15 461.25 Td (simply ) Tj ET Q q 0 0 0 rg BT 186.06 461.25 Td (because ) Tj ET Q q 0 0 0 rg BT 220.39 461.25 Td (we ) Tj ET Q q 0 0 0 rg BT 234.74 461.25 Td (may ) Tj ET Q q 0 0 0 rg BT 254.64 461.25 Td (do ) Tj ET Q q 0 0 0 rg BT 267.32 461.25 Td (business ) Tj ET Q q 0 0 0 rg BT 303.89 461.25 Td (with ) Tj ET Q q 0 0 0 rg BT 324.35 461.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 369.80 461.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.48 461.25 Td (do ) Tj ET Q q 0 0 0 rg BT 400.16 461.25 Td (business ) Tj ET Q q 0 0 0 rg BT 436.74 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.20 461.25 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 492.65 461.25 Td (countries. ) Tj ET Q q 0 0 0 rg BT 534.48 461.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 573.51 461.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.73 449.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 83.58 449.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 122.07 449.25 Td (may ) Tj ET Q q 0 0 0 rg BT 141.69 449.25 Td (violate ) Tj ET Q q 0 0 0 rg BT 171.30 449.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 214.79 449.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 254.41 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.25 449.25 Td (embar) Tj ET Q q 0 0 0 rg BT 296.06 449.25 Td (go ) Tj ET Q q 0 0 0 rg BT 308.46 449.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 329.19 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.03 449.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 392.86 449.25 Td (as ) Tj ET Q q 0 0 0 rg BT 403.59 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 410.43 449.25 Td (result ) Tj ET Q q 0 0 0 rg BT 435.05 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.78 449.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 476.51 449.25 Td (that ) Tj ET Q q 0 0 0 rg BT 493.91 449.25 Td (do ) Tj ET Q q 0 0 0 rg BT 506.31 449.25 Td (not ) Tj ET Q q 0 0 0 rg BT 521.49 449.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 553.88 449.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 567.68 449.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 52.04 437.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 84.20 437.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 104.42 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.57 437.25 Td (those ) Tj ET Q q 0 0 0 rg BT 145.39 437.25 Td (violations ) Tj ET Q q 0 0 0 rg BT 187.55 437.25 Td (could ) Tj ET Q q 0 0 0 rg BT 212.48 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 222.98 437.25 Td (turn ) Tj ET Q q 0 0 0 rg BT 241.80 437.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 286.17 437.25 Td (af) Tj ET Q q 0 0 0 rg BT 293.75 437.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 311.45 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 327.50 437.25 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 373.26 437.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 408.74 437.25 Td (perception ) Tj ET Q q 0 0 0 rg BT 453.66 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.70 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.63 437.25 Td (value ) Tj ET Q q 0 0 0 rg BT 504.00 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.05 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 531.09 437.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 558.80 437.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (also ) Tj ET Q q 0 0 0 rg BT 55.74 425.25 Td (be ) Tj ET Q q 0 0 0 rg BT 68.81 425.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 110.76 425.25 Td (af) Tj ET Q q 0 0 0 rg BT 118.35 425.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 146.40 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 160.03 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.88 425.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 234.49 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.45 425.25 Td (war) Tj ET Q q 0 0 0 rg BT 261.04 425.25 Td (, ) Tj ET Q q 0 0 0 rg BT 267.17 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.02 425.25 Td (ef) Tj ET Q q 0 0 0 rg BT 290.61 425.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 313.12 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.08 425.25 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 367.87 425.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 389.27 425.25 Td (unrest ) Tj ET Q q 0 0 0 rg BT 417.34 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.41 425.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 494.03 425.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 525.98 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 537.39 425.25 Td (these ) Tj ET Q q 0 0 0 rg BT 561.57 425.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 86.83 413.25 Td (countries.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 389.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 92.51 389.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 124.12 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.74 389.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 169.01 389.25 Td (with ) Tj ET Q q 0 0 0 rg BT 190.63 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.25 389.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 245.52 389.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 267.70 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.09 389.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 337.61 389.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 383.12 389.25 Td (international ) Tj ET Q q 0 0 0 rg BT 440.86 389.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 465.81 389.25 Td (could ) Tj ET Q q 0 0 0 rg BT 492.42 389.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 534.57 389.25 Td (af) Tj ET Q q 0 0 0 rg BT 542.72 389.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 561.54 389.25 Td (our) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 576.00 389.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 36.00 377.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.64 353.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 128.40 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.82 353.25 Td (goods, ) Tj ET Q q 0 0 0 rg BT 167.30 353.25 Td (services ) Tj ET Q q 0 0 0 rg BT 201.60 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.13 353.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 264.66 353.25 Td (across ) Tj ET Q q 0 0 0 rg BT 291.74 353.25 Td (international ) Tj ET Q q 0 0 0 rg BT 344.37 353.25 Td (borders ) Tj ET Q q 0 0 0 rg BT 376.45 353.25 Td (subjects ) Tj ET Q q 0 0 0 rg BT 410.76 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 426.18 353.25 Td (of) Tj ET Q q 0 0 0 rg BT 434.33 353.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 461.42 353.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 492.95 353.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 528.37 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 538.24 353.25 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 58.41 341.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 79.17 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.03 341.25 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 145.39 341.25 Td (Import ) Tj ET Q q 0 0 0 rg BT 175.03 341.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 213.56 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 228.19 341.25 Td (governed ) Tj ET Q q 0 0 0 rg BT 267.82 341.25 Td (by ) Tj ET Q q 0 0 0 rg BT 280.25 341.25 Td (unique ) Tj ET Q q 0 0 0 rg BT 309.89 341.25 Td (customs ) Tj ET Q q 0 0 0 rg BT 345.10 341.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 365.85 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.72 341.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 429.58 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.78 341.25 Td (each ) Tj ET Q q 0 0 0 rg BT 460.52 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.28 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.92 341.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 525.00 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.76 341.25 Td (operation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 75.03 329.25 Td (, ) Tj ET Q q 0 0 0 rg BT 80.24 329.25 Td (many ) Tj ET Q q 0 0 0 rg BT 105.18 329.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 147.05 329.25 Td (including ) Tj ET Q q 0 0 0 rg BT 187.54 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.47 329.25 Td (United ) Tj ET Q q 0 0 0 rg BT 232.41 329.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 261.51 329.25 Td (control ) Tj ET Q q 0 0 0 rg BT 292.55 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.48 329.25 Td (export ) Tj ET Q q 0 0 0 rg BT 335.75 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.90 329.25 Td (re-export ) Tj ET Q q 0 0 0 rg BT 392.26 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.31 329.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 433.23 329.25 Td (goods, ) Tj ET Q q 0 0 0 rg BT 462.34 329.25 Td (services ) Tj ET Q q 0 0 0 rg BT 497.26 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.41 329.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 561.56 329.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 68.85 317.25 Td (related ) Tj ET Q q 0 0 0 rg BT 100.01 317.25 Td (export ) Tj ET Q q 0 0 0 rg BT 129.51 317.25 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 190.67 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.06 317.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 249.68 317.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 300.58 317.25 Td (Governments ) Tj ET Q q 0 0 0 rg BT 358.42 317.25 Td (also ) Tj ET Q q 0 0 0 rg BT 378.49 317.25 Td (may ) Tj ET Q q 0 0 0 rg BT 399.66 317.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 432.51 317.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 475.34 317.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 516.52 317.25 Td (against ) Tj ET Q q 0 0 0 rg BT 548.80 317.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 76.91 305.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 109.21 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.40 305.25 Td (other ) Tj ET Q q 0 0 0 rg BT 147.69 305.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 178.33 305.25 Td (that ) Tj ET Q q 0 0 0 rg BT 195.07 305.25 Td (may ) Tj ET Q q 0 0 0 rg BT 214.04 305.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 243.55 305.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.63 305.25 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 287.05 305.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 336.56 305.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 376.65 305.25 Td (such ) Tj ET Q q 0 0 0 rg BT 396.73 305.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 437.64 305.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 469.94 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.13 305.25 Td (entities. ) Tj ET Q q 0 0 0 rg BT 519.26 305.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 538.79 305.25 Td (sanctions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.61 293.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 87.76 293.25 Td (are ) Tj ET Q q 0 0 0 rg BT 102.80 293.25 Td (tar) Tj ET Q q 0 0 0 rg BT 113.17 293.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 137.66 293.25 Td (against ) Tj ET Q q 0 0 0 rg BT 168.81 293.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 208.30 293.25 Td (\(such ) Tj ET Q q 0 0 0 rg BT 232.80 293.25 Td (as ) Tj ET Q q 0 0 0 rg BT 243.96 293.25 Td (Russia, ) Tj ET Q q 0 0 0 rg BT 275.97 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.80 293.25 Td (Iran, ) Tj ET Q q 0 0 0 rg BT 300.24 293.25 Td (Myanmar ) Tj ET Q q 0 0 0 rg BT 341.95 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.22 293.25 Td (Sudan, ) Tj ET Q q 0 0 0 rg BT 389.55 293.25 Td (among ) Tj ET Q q 0 0 0 rg BT 419.61 293.25 Td (others\) ) Tj ET Q q 0 0 0 rg BT 450.21 293.25 Td (that ) Tj ET Q q 0 0 0 rg BT 468.04 293.25 Td (are ) Tj ET Q q 0 0 0 rg BT 483.08 293.25 Td (heavily ) Tj ET Q q 0 0 0 rg BT 515.35 293.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 553.18 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 563.79 293.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 79.04 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.98 281.25 Td (petrochemical ) Tj ET Q q 0 0 0 rg BT 155.12 281.25 Td (industries, ) Tj ET Q q 0 0 0 rg BT 199.00 281.25 Td (which ) Tj ET Q q 0 0 0 rg BT 225.94 281.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 261.77 281.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 293.71 281.25 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.39 257.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 109.56 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.83 257.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 172.11 257.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 218.37 257.25 Td (import ) Tj ET Q q 0 0 0 rg BT 246.88 257.25 Td (activity) Tj ET Q q 0 0 0 rg BT 276.22 257.25 Td (, ) Tj ET Q q 0 0 0 rg BT 280.56 257.25 Td (export ) Tj ET Q q 0 0 0 rg BT 307.94 257.25 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 366.98 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.25 257.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 424.25 257.25 Td (export ) Tj ET Q q 0 0 0 rg BT 451.64 257.25 Td (control ) Tj ET Q q 0 0 0 rg BT 481.80 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.08 257.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 538.79 257.25 Td (sanctions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 49.71 245.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 85.65 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.59 245.25 Td (constantly ) Tj ET Q q 0 0 0 rg BT 144.19 245.25 Td (changing. ) Tj ET Q q 0 0 0 rg BT 184.85 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 186.25 245.25 Td (These ) Tj ET Q q 0 0 0 rg BT 211.63 245.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 231.46 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.40 245.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 293.34 245.25 Td (may ) Tj ET Q q 0 0 0 rg BT 312.06 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 323.00 245.25 Td (enacted, ) Tj ET Q q 0 0 0 rg BT 357.53 245.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 397.63 245.25 Td (enforced ) Tj ET Q q 0 0 0 rg BT 434.11 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.94 245.25 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 488.76 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.04 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 503.98 245.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 535.47 245.25 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 78.60 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 94.54 233.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 141.30 233.25 Td (Shipments ) Tj ET Q q 0 0 0 rg BT 186.14 233.25 Td (can ) Tj ET Q q 0 0 0 rg BT 202.62 233.25 Td (be ) Tj ET Q q 0 0 0 rg BT 214.67 233.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 248.37 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.42 233.25 Td (denied ) Tj ET Q q 0 0 0 rg BT 294.69 233.25 Td (export ) Tj ET Q q 0 0 0 rg BT 322.84 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 333.78 233.25 Td (entry ) Tj ET Q q 0 0 0 rg BT 356.94 233.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.20 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 378.25 233.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 408.62 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.56 233.25 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 454.66 233.25 Td (some ) Tj ET Q q 0 0 0 rg BT 478.38 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.32 233.25 Td (which ) Tj ET Q q 0 0 0 rg BT 516.37 233.25 Td (are ) Tj ET Q q 0 0 0 rg BT 531.18 233.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 562.68 233.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (control ) Tj ET Q q 0 0 0 rg BT 66.30 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 82.72 221.25 Td (some ) Tj ET Q q 0 0 0 rg BT 105.80 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.11 221.25 Td (which ) Tj ET Q q 0 0 0 rg BT 142.53 221.25 Td (may ) Tj ET Q q 0 0 0 rg BT 161.72 221.25 Td (result ) Tj ET Q q 0 0 0 rg BT 185.92 221.25 Td (from ) Tj ET Q q 0 0 0 rg BT 207.33 221.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 235.40 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.16 221.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 277.13 221.25 Td (with ) Tj ET Q q 0 0 0 rg BT 296.89 221.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 330.53 221.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 351.94 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.36 221.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 411.43 221.25 Td (regimes. ) Tj ET Q q 0 0 0 rg BT 447.56 221.25 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 485.66 221.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 513.18 221.25 Td (or ) Tj ET Q q 0 0 0 rg BT 523.49 221.25 Td (denials ) Tj ET Q q 0 0 0 rg BT 553.79 221.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 60.12 209.25 Td (unscheduled ) Tj ET Q q 0 0 0 rg BT 112.02 209.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 158.91 209.25 Td (downtime. ) Tj ET Q q 0 0 0 rg BT 202.90 209.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 222.03 209.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 250.04 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.73 209.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 291.64 209.25 Td (with ) Tj ET Q q 0 0 0 rg BT 311.33 209.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 354.33 209.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 375.68 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.03 209.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 435.04 209.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 465.28 209.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 511.63 209.25 Td (could ) Tj ET Q q 0 0 0 rg BT 535.76 209.25 Td (also ) Tj ET Q q 0 0 0 rg BT 553.78 209.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.43 197.25 Td (criminal ) Tj ET Q q 0 0 0 rg BT 82.41 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.51 197.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 119.94 197.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 158.13 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.23 197.25 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 217.60 197.25 Td (such ) Tj ET Q q 0 0 0 rg BT 238.59 197.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.57 197.25 Td (fines, ) Tj ET Q q 0 0 0 rg BT 274.17 197.25 Td (imprisonment, ) Tj ET Q q 0 0 0 rg BT 334.88 197.25 Td (debarment ) Tj ET Q q 0 0 0 rg BT 379.74 197.25 Td (from ) Tj ET Q q 0 0 0 rg BT 401.83 197.25 Td (government ) Tj ET Q q 0 0 0 rg BT 452.25 197.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 493.50 197.25 Td (seizure ) Tj ET Q q 0 0 0 rg BT 524.47 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.46 197.25 Td (shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 185.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 71.00 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.83 185.25 Td (import ) Tj ET Q q 0 0 0 rg BT 111.00 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 127.93 185.25 Td (export ) Tj ET Q q 0 0 0 rg BT 155.98 185.25 Td (privileges.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 161.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 101.17 161.25 Td (health ) Tj ET Q q 0 0 0 rg BT 129.78 161.25 Td (threats ) Tj ET Q q 0 0 0 rg BT 160.62 161.25 Td (could ) Tj ET Q q 0 0 0 rg BT 185.90 161.25 Td (have ) Tj ET Q q 0 0 0 rg BT 207.84 161.25 Td (an ) Tj ET Q q 0 0 0 rg BT 220.90 161.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 254.50 161.25 Td (ef) Tj ET Q q 0 0 0 rg BT 262.09 161.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 279.57 161.25 Td (on ) Tj ET Q q 0 0 0 rg BT 292.63 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 309.59 161.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 355.43 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.49 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 390.44 161.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 430.17 161.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 99.82 137.25 Td (health ) Tj ET Q q 0 0 0 rg BT 126.52 137.25 Td (threats, ) Tj ET Q q 0 0 0 rg BT 157.94 137.25 Td (such ) Tj ET Q q 0 0 0 rg BT 178.54 137.25 Td (as ) Tj ET Q q 0 0 0 rg BT 189.13 137.25 Td (swine ) Tj ET Q q 0 0 0 rg BT 214.73 137.25 Td (flu, ) Tj ET Q q 0 0 0 rg BT 230.60 137.25 Td (bird ) Tj ET Q q 0 0 0 rg BT 248.98 137.25 Td (flu, ) Tj ET Q q 0 0 0 rg BT 264.85 137.25 Td (Severe ) Tj ET Q q 0 0 0 rg BT 293.82 137.25 Td (Acute ) Tj ET Q q 0 0 0 rg BT 319.97 137.25 Td (Respiratory ) Tj ET Q q 0 0 0 rg BT 368.89 137.25 Td (Syndrome ) Tj ET Q q 0 0 0 rg BT 412.26 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.97 137.25 Td (other ) Tj ET Q q 0 0 0 rg BT 451.78 137.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 479.60 137.25 Td (communicable ) Tj ET Q q 0 0 0 rg BT 540.73 137.25 Td (diseases, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (outbreaks ) Tj ET Q q 0 0 0 rg BT 78.26 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.96 125.25 Td (which ) Tj ET Q q 0 0 0 rg BT 117.78 125.25 Td (have ) Tj ET Q q 0 0 0 rg BT 140.04 125.25 Td (from ) Tj ET Q q 0 0 0 rg BT 162.86 125.25 Td (time ) Tj ET Q q 0 0 0 rg BT 184.01 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.17 125.25 Td (time ) Tj ET Q q 0 0 0 rg BT 216.32 125.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 254.67 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.83 125.25 Td (various ) Tj ET Q q 0 0 0 rg BT 298.65 125.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 321.46 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.17 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.77 125.25 Td (world ) Tj ET Q q 0 0 0 rg BT 375.48 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.63 125.25 Td (which ) Tj ET Q q 0 0 0 rg BT 414.45 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 429.49 125.25 Td (operate, ) Tj ET Q q 0 0 0 rg BT 464.79 125.25 Td (could ) Tj ET Q q 0 0 0 rg BT 490.39 125.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 532.08 125.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 562.67 125.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 82.66 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.61 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.34 113.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 158.50 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.34 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 185.18 113.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 230.73 113.25 Td (In ) Tj ET Q q 0 0 0 rg BT 241.57 113.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 279.36 113.25 Td (public ) Tj ET Q q 0 0 0 rg BT 306.86 113.25 Td (health ) Tj ET Q q 0 0 0 rg BT 333.80 113.25 Td (threats ) Tj ET Q q 0 0 0 rg BT 362.97 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.25 113.25 Td (any ) Tj ET Q q 0 0 0 rg BT 390.20 113.25 Td (area, ) Tj ET Q q 0 0 0 rg BT 411.85 113.25 Td (including ) Tj ET Q q 0 0 0 rg BT 452.14 113.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 475.18 113.25 Td (where ) Tj ET Q q 0 0 0 rg BT 502.12 113.25 Td (we ) Tj ET Q q 0 0 0 rg BT 516.29 113.25 Td (do ) Tj ET Q q 0 0 0 rg BT 528.80 113.25 Td (not ) Tj ET Q q 0 0 0 rg BT 544.08 113.25 Td (operate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (could ) Tj ET Q q 0 0 0 rg BT 60.64 101.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 90.84 101.25 Td (international ) Tj ET Q q 0 0 0 rg BT 143.81 101.25 Td (transportation. ) Tj ET Q q 0 0 0 rg BT 204.27 101.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 222.25 101.25 Td (crews ) Tj ET Q q 0 0 0 rg BT 247.99 101.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 287.62 101.25 Td (work ) Tj ET Q q 0 0 0 rg BT 310.59 101.25 Td (on ) Tj ET Q q 0 0 0 rg BT 323.02 101.25 Td (a ) Tj ET Q q 0 0 0 rg BT 329.88 101.25 Td (rotation ) Tj ET Q q 0 0 0 rg BT 363.41 101.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 388.33 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.20 101.25 Td (as ) Tj ET Q q 0 0 0 rg BT 415.95 101.25 Td (we ) Tj ET Q q 0 0 0 rg BT 430.04 101.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 461.34 101.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 492.65 101.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 536.73 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 546.93 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 561.57 101.25 Td (UK ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.90 89.25 Td (Norway) Tj ET Q q 0 0 0 rg BT 84.46 89.25 Td (, ) Tj ET Q q 0 0 0 rg BT 89.42 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.88 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 98.77 89.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 144.01 89.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 175.35 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.14 89.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.93 89.25 Td (crews ) Tj ET Q q 0 0 0 rg BT 227.71 89.25 Td (may ) Tj ET Q q 0 0 0 rg BT 247.38 89.25 Td (begin ) Tj ET Q q 0 0 0 rg BT 272.06 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.29 89.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 300.30 89.25 Td (on ) Tj ET Q q 0 0 0 rg BT 312.76 89.25 Td (international ) Tj ET Q q 0 0 0 rg BT 365.75 89.25 Td (air ) Tj ET Q q 0 0 0 rg BT 378.76 89.25 Td (transport ) Tj ET Q q 0 0 0 rg BT 416.76 89.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.88 89.25 Td (rotation. ) Tj ET Q q 0 0 0 rg BT 466.40 89.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 486.08 89.25 Td (such ) Tj ET Q q 0 0 0 rg BT 506.87 89.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 553.78 89.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 66.06 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.13 77.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 100.08 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.26 77.25 Td (rotating ) Tj ET Q q 0 0 0 rg BT 145.21 77.25 Td (our ) Tj ET Q q 0 0 0 rg BT 161.39 77.25 Td (crews, ) Tj ET Q q 0 0 0 rg BT 190.06 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.34 77.25 Td (possibly ) Tj ET Q q 0 0 0 rg BT 243.53 77.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 273.59 77.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.77 77.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 318.17 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.80 77.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 366.64 77.25 Td (a ) Tj ET Q q 0 0 0 rg BT 373.92 77.25 Td (full ) Tj ET Q q 0 0 0 rg BT 390.66 77.25 Td (crew ) Tj ET Q q 0 0 0 rg BT 412.93 77.25 Td (on ) Tj ET Q q 0 0 0 rg BT 425.78 77.25 Td (all ) Tj ET Q q 0 0 0 rg BT 438.63 77.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 456.47 77.25 Td (at ) Tj ET Q q 0 0 0 rg BT 466.54 77.25 Td (a ) Tj ET Q q 0 0 0 rg BT 473.83 77.25 Td (given ) Tj ET Q q 0 0 0 rg BT 498.89 77.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 522.01 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.23 77.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 544.30 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 555.48 77.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td (public ) Tj ET Q q 0 0 0 rg BT 63.50 65.25 Td (health ) Tj ET Q q 0 0 0 rg BT 90.43 65.25 Td (threats ) Tj ET Q q 0 0 0 rg BT 119.58 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.52 65.25 Td (related ) Tj ET Q q 0 0 0 rg BT 166.22 65.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 223.70 65.25 Td (could ) Tj ET Q q 0 0 0 rg BT 248.42 65.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 289.23 65.25 Td (af) Tj ET Q q 0 0 0 rg BT 296.82 65.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 314.31 65.25 Td (our ) Tj ET Q q 0 0 0 rg BT 330.14 65.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 367.62 65.25 Td (results) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Acts ) Tj ET Q q 0 0 0 rg BT 93.01 749.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.57 749.25 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 148.65 749.25 Td (piracy ) Tj ET Q q 0 0 0 rg BT 177.42 749.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.22 749.25 Td (political ) Tj ET Q q 0 0 0 rg BT 232.78 749.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.58 749.25 Td (social ) Tj ET Q q 0 0 0 rg BT 278.69 749.25 Td (unrest ) Tj ET Q q 0 0 0 rg BT 308.05 749.25 Td (could ) Tj ET Q q 0 0 0 rg BT 334.06 749.25 Td (af) Tj ET Q q 0 0 0 rg BT 342.21 749.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 360.43 749.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.44 749.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 412.45 749.25 Td (for ) Tj ET Q q 0 0 0 rg BT 427.90 749.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 461.70 749.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 499.64 749.25 Td (which ) Tj ET Q q 0 0 0 rg BT 527.88 749.25 Td (may ) Tj ET Q q 0 0 0 rg BT 548.33 749.25 Td (have ) Tj ET Q q 0 0 0 rg BT 571.00 749.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td (material ) Tj ET Q q 0 0 0 rg BT 72.94 737.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 106.54 737.25 Td (ef) Tj ET Q q 0 0 0 rg BT 114.13 737.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 131.62 737.25 Td (on ) Tj ET Q q 0 0 0 rg BT 144.68 737.25 Td (our ) Tj ET Q q 0 0 0 rg BT 161.63 737.25 Td (results ) Tj ET Q q 0 0 0 rg BT 191.36 737.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.19 737.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (Acts ) Tj ET Q q 0 0 0 rg BT 93.69 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.39 713.25 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 147.91 713.25 Td (piracy ) Tj ET Q q 0 0 0 rg BT 176.25 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.06 713.25 Td (political ) Tj ET Q q 0 0 0 rg BT 230.19 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.99 713.25 Td (social ) Tj ET Q q 0 0 0 rg BT 274.68 713.25 Td (unrest, ) Tj ET Q q 0 0 0 rg BT 304.98 713.25 Td (brought ) Tj ET Q q 0 0 0 rg BT 339.45 713.25 Td (about ) Tj ET Q q 0 0 0 rg BT 365.03 713.25 Td (by ) Tj ET Q q 0 0 0 rg BT 378.39 713.25 Td (world ) Tj ET Q q 0 0 0 rg BT 405.09 713.25 Td (political ) Tj ET Q q 0 0 0 rg BT 441.22 713.25 Td (events ) Tj ET Q q 0 0 0 rg BT 470.13 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 481.82 713.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 526.56 713.25 Td (have ) Tj ET Q q 0 0 0 rg BT 548.80 713.25 Td (caused ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (instability ) Tj ET Q q 0 0 0 rg BT 79.02 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.83 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.07 701.25 Td (world) Tj ET Q q 0 0 0 rg BT 131.18 701.25 Td (s ) Tj ET Q q 0 0 0 rg BT 138.09 701.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.10 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.56 701.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 234.90 701.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 269.58 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.39 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.63 701.25 Td (past ) Tj ET Q q 0 0 0 rg BT 314.76 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.23 701.25 Td (may ) Tj ET Q q 0 0 0 rg BT 352.47 701.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 377.70 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.50 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.74 701.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 433.15 701.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 456.17 701.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 474.74 701.25 Td (could ) Tj ET Q q 0 0 0 rg BT 499.98 701.25 Td (be ) Tj ET Q q 0 0 0 rg BT 512.45 701.25 Td (directed ) Tj ET Q q 0 0 0 rg BT 547.67 701.25 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 81.37 689.25 Td (such ) Tj ET Q q 0 0 0 rg BT 102.31 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 113.25 689.25 Td (ours ) Tj ET Q q 0 0 0 rg BT 133.08 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.01 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 159.95 689.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 205.60 689.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 223.76 689.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 255.81 689.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 300.08 689.25 Td (could ) Tj ET Q q 0 0 0 rg BT 324.90 689.25 Td (also ) Tj ET Q q 0 0 0 rg BT 343.62 689.25 Td (be ) Tj ET Q q 0 0 0 rg BT 355.66 689.25 Td (tar) Tj ET Q q 0 0 0 rg BT 366.03 689.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 390.29 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 402.90 689.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 421.05 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.99 689.25 Td (piracy) Tj ET Q q 0 0 0 rg BT 456.33 689.25 Td (. ) Tj ET Q q 0 0 0 rg BT 461.43 689.25 Td (In ) Tj ET Q q 0 0 0 rg BT 472.37 689.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 510.25 689.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 528.41 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.34 689.25 Td (terrorism ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.16 677.25 Td (social ) Tj ET Q q 0 0 0 rg BT 79.21 677.25 Td (unrest ) Tj ET Q q 0 0 0 rg BT 106.37 677.25 Td (could ) Tj ET Q q 0 0 0 rg BT 131.30 677.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 150.68 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.18 677.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 201.65 677.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 240.48 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.98 677.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 277.58 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.96 677.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 316.89 677.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 330.17 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.33 677.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 363.38 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.54 677.25 Td (could ) Tj ET Q q 0 0 0 rg BT 405.48 677.25 Td (af) Tj ET Q q 0 0 0 rg BT 413.07 677.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.77 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.71 677.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 480.09 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 494.47 677.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 526.63 677.25 Td (services ) Tj ET Q q 0 0 0 rg BT 561.56 677.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (result ) Tj ET Q q 0 0 0 rg BT 60.48 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 70.52 665.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 95.55 665.25 Td (dayrates. ) Tj ET Q q 0 0 0 rg BT 133.63 665.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 174.76 665.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 217.02 665.25 Td (could ) Tj ET Q q 0 0 0 rg BT 241.50 665.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 276.52 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.22 665.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 331.57 665.25 Td (may ) Tj ET Q q 0 0 0 rg BT 351.05 665.25 Td (be ) Tj ET Q q 0 0 0 rg BT 362.75 665.25 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 411.10 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.14 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.62 665.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 464.26 665.25 Td (Increased ) Tj ET Q q 0 0 0 rg BT 504.83 665.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 545.41 665.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 567.67 665.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 76.25 653.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 94.86 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.69 653.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 154.28 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 174.56 653.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 218.15 653.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 265.08 653.25 Td (may ) Tj ET Q q 0 0 0 rg BT 284.80 653.25 Td (have ) Tj ET Q q 0 0 0 rg BT 306.18 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 313.11 653.25 Td (material ) Tj ET Q q 0 0 0 rg BT 348.37 653.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 381.41 653.25 Td (ef) Tj ET Q q 0 0 0 rg BT 389.00 653.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 406.48 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 418.98 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 434.81 653.25 Td (results ) Tj ET Q q 0 0 0 rg BT 463.42 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.25 653.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.12 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.70 629.25 Td (change ) Tj ET Q q 0 0 0 rg BT 113.28 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.20 629.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 139.56 629.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 160.49 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.40 629.25 Td (any ) Tj ET Q q 0 0 0 rg BT 188.98 629.25 Td (country ) Tj ET Q q 0 0 0 rg BT 223.23 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.15 629.25 Td (which ) Tj ET Q q 0 0 0 rg BT 261.75 629.25 Td (we ) Tj ET Q q 0 0 0 rg BT 275.44 629.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 308.57 629.25 Td (could ) Tj ET Q q 0 0 0 rg BT 333.93 629.25 Td (result ) Tj ET Q q 0 0 0 rg BT 359.85 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.77 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 378.35 629.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 408.17 629.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.53 629.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 458.88 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 470.35 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 477.93 629.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 507.75 629.25 Td (ef) Tj ET Q q 0 0 0 rg BT 515.33 629.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 544.56 629.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 559.92 629.25 Td (rate ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (on ) Tj ET Q q 0 0 0 rg BT 49.06 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.01 617.25 Td (earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 593.25 Td (e ) Tj ET Q q 0 0 0 rg BT 86.53 593.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 119.63 593.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.41 593.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 177.51 593.25 Td (through ) Tj ET Q q 0 0 0 rg BT 210.07 593.25 Td (various ) Tj ET Q q 0 0 0 rg BT 240.96 593.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 289.63 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 298.85 593.25 Td (various ) Tj ET Q q 0 0 0 rg BT 329.74 593.25 Td (countries. ) Tj ET Q q 0 0 0 rg BT 370.24 593.25 Td (T) Tj ET Q q 0 0 0 rg BT 375.65 593.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 386.54 593.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 408.82 593.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 454.70 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.59 593.25 Td (treaties ) Tj ET Q q 0 0 0 rg BT 500.91 593.25 Td (are ) Tj ET Q q 0 0 0 rg BT 514.56 593.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 541.57 593.25 Td (complex ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.19 581.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 84.26 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.79 581.25 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 153.90 581.25 Td (Consequently) Tj ET Q q 0 0 0 rg BT 208.25 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 213.50 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 227.90 581.25 Td (may ) Tj ET Q q 0 0 0 rg BT 247.87 581.25 Td (be ) Tj ET Q q 0 0 0 rg BT 260.05 581.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 291.13 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.65 581.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 341.06 581.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 356.02 581.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 379.60 581.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 426.78 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.97 581.25 Td (treaties ) Tj ET Q q 0 0 0 rg BT 475.59 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 486.12 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.30 581.25 Td (between ) Tj ET Q q 0 0 0 rg BT 539.37 581.25 Td (countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.51 569.25 Td (which ) Tj ET Q q 0 0 0 rg BT 73.69 569.25 Td (we ) Tj ET Q q 0 0 0 rg BT 88.08 569.25 Td (operate. ) Tj ET Q q 0 0 0 rg BT 122.74 569.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 141.02 569.25 Td (income ) Tj ET Q q 0 0 0 rg BT 173.19 569.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 188.14 569.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 223.08 569.25 Td (is ) Tj ET Q q 0 0 0 rg BT 232.49 569.25 Td (based ) Tj ET Q q 0 0 0 rg BT 257.99 569.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 280.73 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 296.79 569.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 353.39 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.46 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.41 569.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.36 569.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 415.42 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.94 569.25 Td (ef) Tj ET Q q 0 0 0 rg BT 433.52 569.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 451.24 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 461.76 569.25 Td (various ) Tj ET Q q 0 0 0 rg BT 493.93 569.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 533.32 569.25 Td (at ) Tj ET Q q 0 0 0 rg BT 543.27 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 558.22 569.25 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (that ) Tj ET Q q 0 0 0 rg BT 53.71 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.64 557.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 103.56 557.25 Td (was ) Tj ET Q q 0 0 0 rg BT 121.83 557.25 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 159.76 557.25 Td (A) Tj ET Q q 0 0 0 rg BT 166.43 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.15 557.25 Td (change ) Tj ET Q q 0 0 0 rg BT 200.18 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.67 557.25 Td (these ) Tj ET Q q 0 0 0 rg BT 233.93 557.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 248.86 557.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 272.41 557.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 319.56 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.60 557.25 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 364.69 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.73 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.23 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.16 557.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 457.74 557.25 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 491.27 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 502.31 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 512.81 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.74 557.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 567.67 557.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.67 545.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 87.31 545.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.86 545.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 130.03 545.25 Td (which ) Tj ET Q q 0 0 0 rg BT 156.80 545.25 Td (such ) Tj ET Q q 0 0 0 rg BT 177.47 545.25 Td (events ) Tj ET Q q 0 0 0 rg BT 205.35 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 219.90 545.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 251.67 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.34 545.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 300.50 545.25 Td (may ) Tj ET Q q 0 0 0 rg BT 320.05 545.25 Td (result ) Tj ET Q q 0 0 0 rg BT 344.61 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.72 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.50 545.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 404.37 545.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 432.25 545.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 446.81 545.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 481.35 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 492.02 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 498.79 545.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 526.67 545.25 Td (ef) Tj ET Q q 0 0 0 rg BT 534.26 545.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 563.80 545.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 53.49 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 65.99 533.25 Td (our ) Tj ET Q q 0 0 0 rg BT 81.82 533.25 Td (earnings.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 509.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.12 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.77 509.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 98.99 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.98 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 117.63 509.25 Td (major ) Tj ET Q q 0 0 0 rg BT 144.74 509.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.17 509.25 Td (dispute ) Tj ET Q q 0 0 0 rg BT 192.28 509.25 Td (or ) Tj ET Q q 0 0 0 rg BT 203.83 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.48 509.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 256.36 509.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.79 509.25 Td (challenge ) Tj ET Q q 0 0 0 rg BT 314.45 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.88 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 341.99 509.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 384.09 509.25 Td (structure, ) Tj ET Q q 0 0 0 rg BT 426.48 509.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 485.80 509.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 517.91 509.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 551.67 509.25 Td (or ) Tj ET Q q 0 0 0 rg BT 563.22 509.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 68.86 497.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 107.82 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.01 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.33 497.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 188.09 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.29 497.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 231.04 497.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 272.25 497.25 Td (could ) Tj ET Q q 0 0 0 rg BT 297.89 497.25 Td (result ) Tj ET Q q 0 0 0 rg BT 324.09 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.29 497.25 Td (a ) Tj ET Q q 0 0 0 rg BT 343.16 497.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 373.25 497.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 388.89 497.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 407.86 497.25 Td (on ) Tj ET Q q 0 0 0 rg BT 421.29 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 438.60 497.25 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 480.09 497.25 Td (which ) Tj ET Q q 0 0 0 rg BT 507.96 497.25 Td (could ) Tj ET Q q 0 0 0 rg BT 533.60 497.25 Td (result ) Tj ET Q q 0 0 0 rg BT 559.81 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 571.01 497.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 82.40 485.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 119.33 485.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 149.60 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 162.67 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 179.62 485.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 218.24 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.30 485.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.69 485.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 281.86 485.25 Td (from ) Tj ET Q q 0 0 0 rg BT 304.36 485.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.80 461.25 Td (income ) Tj ET Q q 0 0 0 rg BT 123.48 461.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 138.94 461.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 169.96 461.25 Td (are ) Tj ET Q q 0 0 0 rg BT 185.41 461.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 216.98 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.00 461.25 Td (review ) Tj ET Q q 0 0 0 rg BT 258.46 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.14 461.25 Td (examination. ) Tj ET Q q 0 0 0 rg BT 331.08 461.25 Td (W) Tj ET Q q 0 0 0 rg BT 339.72 461.25 Td (e ) Tj ET Q q 0 0 0 rg BT 347.40 461.25 Td (do ) Tj ET Q q 0 0 0 rg BT 360.65 461.25 Td (not ) Tj ET Q q 0 0 0 rg BT 376.67 461.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 418.78 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.25 461.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 465.26 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.83 461.25 Td (income ) Tj ET Q q 0 0 0 rg BT 509.51 461.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.97 461.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 564.34 461.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 68.13 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 83.59 449.25 Td (more ) Tj ET Q q 0 0 0 rg BT 107.39 449.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 133.41 449.25 Td (than ) Tj ET Q q 0 0 0 rg BT 153.88 449.25 Td (not ) Tj ET Q q 0 0 0 rg BT 169.92 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.95 449.25 Td (be ) Tj ET Q q 0 0 0 rg BT 193.64 449.25 Td (disallowed ) Tj ET Q q 0 0 0 rg BT 240.22 449.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 263.47 449.25 Td (challenge ) Tj ET Q q 0 0 0 rg BT 305.03 449.25 Td (by ) Tj ET Q q 0 0 0 rg BT 318.29 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.98 449.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 341.45 449.25 Td (authority) Tj ET Q q 0 0 0 rg BT 376.90 449.25 Td (. ) Tj ET Q q 0 0 0 rg BT 382.66 449.25 Td (If ) Tj ET Q q 0 0 0 rg BT 392.57 449.25 Td (any ) Tj ET Q q 0 0 0 rg BT 410.26 449.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 425.73 449.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 465.09 449.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 517.22 449.25 Td (challenges ) Tj ET Q q 0 0 0 rg BT 562.68 449.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 84.05 437.25 Td (structure, ) Tj ET Q q 0 0 0 rg BT 124.60 437.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 182.64 437.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 214.03 437.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 248.20 437.25 Td (or ) Tj ET Q q 0 0 0 rg BT 259.60 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.88 437.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 306.82 437.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 344.86 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.25 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.65 437.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 422.93 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.78 437.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 464.04 437.25 Td (countries; ) Tj ET Q q 0 0 0 rg BT 506.54 437.25 Td (or ) Tj ET Q q 0 0 0 rg BT 517.94 437.25 Td (if ) Tj ET Q q 0 0 0 rg BT 527.11 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.39 437.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 567.68 437.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 65.54 425.25 Td (income ) Tj ET Q q 0 0 0 rg BT 97.31 425.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 111.86 425.25 Td (treaties ) Tj ET Q q 0 0 0 rg BT 143.07 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 157.61 425.25 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 203.25 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.37 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.14 425.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 252.46 425.25 Td (that ) Tj ET Q q 0 0 0 rg BT 269.79 425.25 Td (is ) Tj ET Q q 0 0 0 rg BT 278.80 425.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 311.67 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.79 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.45 425.25 Td (structure; ) Tj ET Q q 0 0 0 rg BT 377.55 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.22 425.25 Td (if ) Tj ET Q q 0 0 0 rg BT 396.66 425.25 Td (we ) Tj ET Q q 0 0 0 rg BT 410.66 425.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 429.10 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 435.87 425.25 Td (material ) Tj ET Q q 0 0 0 rg BT 470.97 425.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 485.52 425.25 Td (dispute ) Tj ET Q q 0 0 0 rg BT 516.74 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.86 425.25 Td (any ) Tj ET Q q 0 0 0 rg BT 543.63 425.25 Td (country) Tj ET Q q 0 0 0 rg BT 573.53 425.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 52.80 413.25 Td (ef) Tj ET Q q 0 0 0 rg BT 60.39 413.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 91.06 413.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 106.74 413.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 125.20 413.25 Td (on ) Tj ET Q q 0 0 0 rg BT 138.67 413.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 176.01 413.25 Td (could ) Tj ET Q q 0 0 0 rg BT 201.70 413.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 237.92 413.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 291.94 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.85 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 326.65 413.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 364.00 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.91 413.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 403.14 413.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 428.83 413.25 Td (from ) Tj ET Q q 0 0 0 rg BT 451.74 413.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 496.87 413.25 Td (could ) Tj ET Q q 0 0 0 rg BT 522.55 413.25 Td (be ) Tj ET Q q 0 0 0 rg BT 535.46 413.25 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 76.82 401.25 Td (af) Tj ET Q q 0 0 0 rg BT 84.40 401.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 377.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 377.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.80 377.25 Td (may ) Tj ET Q q 0 0 0 rg BT 110.22 377.25 Td (be ) Tj ET Q q 0 0 0 rg BT 123.87 377.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 166.40 377.25 Td (as ) Tj ET Q q 0 0 0 rg BT 179.50 377.25 Td (a ) Tj ET Q q 0 0 0 rg BT 188.71 377.25 Td (passive ) Tj ET Q q 0 0 0 rg BT 227.36 377.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 261.57 377.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 310.22 377.25 Td (company) Tj ET Q q 0 0 0 rg BT 347.07 377.25 Td (, ) Tj ET Q q 0 0 0 rg BT 358.78 377.25 Td (which ) Tj ET Q q 0 0 0 rg BT 388.00 377.25 Td (could ) Tj ET Q q 0 0 0 rg BT 414.98 377.25 Td (have ) Tj ET Q q 0 0 0 rg BT 438.63 377.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 473.94 377.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 495.93 377.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 529.02 377.25 Td (income ) Tj ET Q q 0 0 0 rg BT 563.22 377.25 Td (tax ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 95.16 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.44 365.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 125.72 365.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 158.78 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.61 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.57 365.25 Td (common ) Tj ET Q q 0 0 0 rg BT 224.62 365.25 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.97 341.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 112.15 341.25 Td (corporation ) Tj ET Q q 0 0 0 rg BT 160.54 341.25 Td (will ) Tj ET Q q 0 0 0 rg BT 178.40 341.25 Td (be ) Tj ET Q q 0 0 0 rg BT 190.13 341.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 219.64 341.25 Td (as ) Tj ET Q q 0 0 0 rg BT 230.27 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.00 341.25 Td (passive ) Tj ET Q q 0 0 0 rg BT 273.18 341.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 304.36 341.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 350.54 341.25 Td (company) Tj ET Q q 0 0 0 rg BT 386.55 341.25 Td (, ) Tj ET Q q 0 0 0 rg BT 395.78 341.25 Td (or ) Tj ET Q q 0 0 0 rg BT 406.41 341.25 Td (PFIC, ) Tj ET Q q 0 0 0 rg BT 432.34 341.25 Td (for ) Tj ET Q q 0 0 0 rg BT 446.30 341.25 Td (United ) Tj ET Q q 0 0 0 rg BT 475.81 341.25 Td (States ) Tj ET Q q 0 0 0 rg BT 502.00 341.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 532.05 341.25 Td (income ) Tj ET Q q 0 0 0 rg BT 563.79 341.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 74.24 329.25 Td (if ) Tj ET Q q 0 0 0 rg BT 83.04 329.25 Td (either ) Tj ET Q q 0 0 0 rg BT 108.49 329.25 Td (\(1\)at ) Tj ET Q q 0 0 0 rg BT 132.56 329.25 Td (least ) Tj ET Q q 0 0 0 rg BT 153.57 329.25 Td (75 ) Tj ET Q q 0 0 0 rg BT 166.26 329.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 198.38 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.40 329.25 Td (its ) Tj ET Q q 0 0 0 rg BT 221.53 329.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 245.34 329.25 Td (income ) Tj ET Q q 0 0 0 rg BT 277.46 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.81 329.25 Td (any ) Tj ET Q q 0 0 0 rg BT 308.94 329.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 340.50 329.25 Td (year ) Tj ET Q q 0 0 0 rg BT 360.39 329.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 394.75 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.77 329.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 435.67 329.25 Td (types ) Tj ET Q q 0 0 0 rg BT 459.46 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.48 329.25 Td (passive ) Tj ET Q q 0 0 0 rg BT 507.05 329.25 Td (income ) Tj ET Q q 0 0 0 rg BT 543.61 329.25 Td (or ) Tj ET Q q 0 0 0 rg BT 554.63 329.25 Td (\(2\)at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (least ) Tj ET Q q 0 0 0 rg BT 56.33 317.25 Td (50 ) Tj ET Q q 0 0 0 rg BT 68.33 317.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 99.75 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.09 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.31 317.25 Td (average ) Tj ET Q q 0 0 0 rg BT 157.39 317.25 Td (value ) Tj ET Q q 0 0 0 rg BT 181.05 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.38 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.60 317.25 Td (corporation) Tj ET Q q 0 0 0 rg BT 254.47 317.25 Td (s ) Tj ET Q q 0 0 0 rg BT 260.37 317.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.70 317.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 319.91 317.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.24 317.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.45 317.25 Td (held ) Tj ET Q q 0 0 0 rg BT 363.67 317.25 Td (for ) Tj ET Q q 0 0 0 rg BT 377.33 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.55 317.25 Td (production ) Tj ET Q q 0 0 0 rg BT 436.87 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.21 317.25 Td (those ) Tj ET Q q 0 0 0 rg BT 470.32 317.25 Td (types ) Tj ET Q q 0 0 0 rg BT 493.43 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.76 317.25 Td (passive ) Tj ET Q q 0 0 0 rg BT 539.64 317.25 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (For ) Tj ET Q q 0 0 0 rg BT 52.63 305.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 90.93 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.00 305.25 Td (these ) Tj ET Q q 0 0 0 rg BT 125.29 305.25 Td (tests, ) Tj ET Q q 0 0 0 rg BT 148.31 305.25 Td (passive ) Tj ET Q q 0 0 0 rg BT 184.93 305.25 Td (income ) Tj ET Q q 0 0 0 rg BT 221.54 305.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 257.61 305.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 301.73 305.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 336.41 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.59 305.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 377.44 305.25 Td (from ) Tj ET Q q 0 0 0 rg BT 399.62 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.58 305.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 432.87 305.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.94 305.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 484.44 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.51 305.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 542.13 305.25 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.91 293.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 74.82 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.73 293.25 Td (royalties ) Tj ET Q q 0 0 0 rg BT 128.63 293.25 Td (other ) Tj ET Q q 0 0 0 rg BT 151.65 293.25 Td (than ) Tj ET Q q 0 0 0 rg BT 171.34 293.25 Td (rents ) Tj ET Q q 0 0 0 rg BT 193.25 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.16 293.25 Td (royalties ) Tj ET Q q 0 0 0 rg BT 247.06 293.25 Td (which ) Tj ET Q q 0 0 0 rg BT 273.97 293.25 Td (are ) Tj ET Q q 0 0 0 rg BT 288.65 293.25 Td (received ) Tj ET Q q 0 0 0 rg BT 324.98 293.25 Td (from ) Tj ET Q q 0 0 0 rg BT 346.89 293.25 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 386.56 293.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 415.69 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.94 293.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 472.28 293.25 Td (with ) Tj ET Q q 0 0 0 rg BT 492.53 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.22 293.25 Td (active ) Tj ET Q q 0 0 0 rg BT 533.56 293.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 567.68 293.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 42.94 281.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 65.42 281.25 Td (or ) Tj ET Q q 0 0 0 rg BT 76.25 281.25 Td (business ) Tj ET Q q 0 0 0 rg BT 112.65 281.25 Td (but ) Tj ET Q q 0 0 0 rg BT 127.92 281.25 Td (does ) Tj ET Q q 0 0 0 rg BT 148.75 281.25 Td (not ) Tj ET Q q 0 0 0 rg BT 164.03 281.25 Td (include ) Tj ET Q q 0 0 0 rg BT 195.97 281.25 Td (income ) Tj ET Q q 0 0 0 rg BT 227.90 281.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 260.38 281.25 Td (from ) Tj ET Q q 0 0 0 rg BT 282.32 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.04 281.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 350.06 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.89 281.25 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 98.72 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 111.00 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.49 257.25 Td (current ) Tj ET Q q 0 0 0 rg BT 156.09 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.81 257.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 218.95 257.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 258.44 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.05 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 284.66 257.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 312.77 257.25 Td (including ) Tj ET Q q 0 0 0 rg BT 352.82 257.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 393.16 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.88 257.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 461.60 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.21 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.82 257.25 Td (income ) Tj ET Q q 0 0 0 rg BT 519.53 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 536.25 257.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 564.36 257.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 63.78 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 74.34 245.25 Td (take ) Tj ET Q q 0 0 0 rg BT 93.78 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.78 245.25 Td (position ) Tj ET Q q 0 0 0 rg BT 143.80 245.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 164.08 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.30 245.25 Td (our ) Tj ET Q q 0 0 0 rg BT 197.41 245.25 Td (counsel ) Tj ET Q q 0 0 0 rg BT 230.74 245.25 Td (Seward& ) Tj ET Q q 0 0 0 rg BT 273.80 245.25 Td (Kissel ) Tj ET Q q 0 0 0 rg BT 301.58 245.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 318.99 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.77 245.25 Td (is ) Tj ET Q q 0 0 0 rg BT 331.23 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.34 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.35 245.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 390.69 245.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 410.97 245.25 Td (we ) Tj ET Q q 0 0 0 rg BT 425.41 245.25 Td (will ) Tj ET Q q 0 0 0 rg BT 443.75 245.25 Td (not ) Tj ET Q q 0 0 0 rg BT 459.32 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 471.54 245.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 501.53 245.25 Td (as ) Tj ET Q q 0 0 0 rg BT 512.64 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.86 245.25 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 543.77 245.25 Td (for ) Tj ET Q q 0 0 0 rg BT 558.22 245.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 65.78 233.25 Td (income ) Tj ET Q q 0 0 0 rg BT 97.24 233.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 111.48 233.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 149.05 233.25 Td (for ) Tj ET Q q 0 0 0 rg BT 162.74 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 178.09 233.25 Td (current ) Tj ET Q q 0 0 0 rg BT 208.43 233.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 239.33 233.25 Td (year ) Tj ET Q q 0 0 0 rg BT 258.56 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 268.91 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 278.71 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.95 233.25 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 340.50 233.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 368.75 233.25 Td (This ) Tj ET Q q 0 0 0 rg BT 388.56 233.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 421.14 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 429.83 233.25 Td (based ) Tj ET Q q 0 0 0 rg BT 454.62 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.09 233.25 Td (its ) Tj ET Q q 0 0 0 rg BT 482.56 233.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 520.10 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 528.80 233.25 Td (conditioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 48.86 221.25 Td (representations, ) Tj ET Q q 0 0 0 rg BT 114.74 221.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 158.70 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.00 221.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 223.29 221.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 261.69 221.25 Td (by ) Tj ET Q q 0 0 0 rg BT 274.54 221.25 Td (us ) Tj ET Q q 0 0 0 rg BT 286.29 221.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 327.46 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.65 221.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.83 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.13 221.25 Td (income ) Tj ET Q q 0 0 0 rg BT 419.42 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.05 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 446.23 221.25 Td (counsel. ) Tj ET Q q 0 0 0 rg BT 481.93 221.25 Td (While ) Tj ET Q q 0 0 0 rg BT 509.22 221.25 Td (we ) Tj ET Q q 0 0 0 rg BT 523.73 221.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 555.46 221.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (representations, ) Tj ET Q q 0 0 0 rg BT 100.51 209.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 143.10 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.02 209.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 204.94 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.20 209.25 Td (be ) Tj ET Q q 0 0 0 rg BT 225.12 209.25 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 262.40 209.25 Td (such ) Tj ET Q q 0 0 0 rg BT 282.21 209.25 Td (representations, ) Tj ET Q q 0 0 0 rg BT 346.73 209.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 389.31 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.23 209.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 451.15 209.25 Td (may ) Tj ET Q q 0 0 0 rg BT 469.85 209.25 Td (not ) Tj ET Q q 0 0 0 rg BT 484.11 209.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 520.02 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.28 209.25 Td (be ) Tj ET Q q 0 0 0 rg BT 540.20 209.25 Td (accurate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 75.03 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 80.38 197.25 Td (we ) Tj ET Q q 0 0 0 rg BT 94.88 197.25 Td (have ) Tj ET Q q 0 0 0 rg BT 116.61 197.25 Td (not ) Tj ET Q q 0 0 0 rg BT 132.23 197.25 Td (sought, ) Tj ET Q q 0 0 0 rg BT 164.25 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.53 197.25 Td (we ) Tj ET Q q 0 0 0 rg BT 196.04 197.25 Td (do ) Tj ET Q q 0 0 0 rg BT 208.89 197.25 Td (not ) Tj ET Q q 0 0 0 rg BT 224.51 197.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 253.45 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.08 197.25 Td (seek, ) Tj ET Q q 0 0 0 rg BT 287.19 197.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.48 197.25 Td (ruling ) Tj ET Q q 0 0 0 rg BT 321.21 197.25 Td (from ) Tj ET Q q 0 0 0 rg BT 343.50 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.56 197.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 392.50 197.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 430.33 197.25 Td (Service, ) Tj ET Q q 0 0 0 rg BT 465.66 197.25 Td (or ) Tj ET Q q 0 0 0 rg BT 476.84 197.25 Td (IRS, ) Tj ET Q q 0 0 0 rg BT 497.75 197.25 Td (on ) Tj ET Q q 0 0 0 rg BT 510.59 197.25 Td (this ) Tj ET Q q 0 0 0 rg BT 527.89 197.25 Td (matter) Tj ET Q q 0 0 0 rg BT 552.88 197.25 Td (. ) Tj ET Q q 0 0 0 rg BT 557.60 197.25 Td (As ) Tj ET Q q 0 0 0 rg BT 571.56 197.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 63.41 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.33 185.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 96.59 185.25 Td (or ) Tj ET Q q 0 0 0 rg BT 107.62 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.75 185.25 Td (court ) Tj ET Q q 0 0 0 rg BT 138.00 185.25 Td (could ) Tj ET Q q 0 0 0 rg BT 162.91 185.25 Td (disagree ) Tj ET Q q 0 0 0 rg BT 198.92 185.25 Td (with ) Tj ET Q q 0 0 0 rg BT 219.40 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 235.43 185.25 Td (position. ) Tj ET Q q 0 0 0 rg BT 272.85 185.25 Td (In ) Tj ET Q q 0 0 0 rg BT 283.88 185.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 321.85 185.25 Td (although ) Tj ET Q q 0 0 0 rg BT 359.54 185.25 Td (we ) Tj ET Q q 0 0 0 rg BT 373.90 185.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 401.60 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.07 185.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 446.42 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 462.45 185.25 Td (af) Tj ET Q q 0 0 0 rg BT 470.04 185.25 Td (fairs ) Tj ET Q q 0 0 0 rg BT 490.51 185.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.98 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 508.12 185.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 540.80 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 551.28 185.25 Td (avoid, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 46.17 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 60.79 173.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 87.62 173.25 Td (possible, ) Tj ET Q q 0 0 0 rg BT 125.29 173.25 Td (being ) Tj ET Q q 0 0 0 rg BT 149.91 173.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 190.07 173.25 Td (as ) Tj ET Q q 0 0 0 rg BT 200.79 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 207.63 173.25 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 231.15 173.25 Td (with ) Tj ET Q q 0 0 0 rg BT 251.32 173.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 282.03 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.21 173.25 Td (any ) Tj ET Q q 0 0 0 rg BT 309.04 173.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 340.31 173.25 Td (year) Tj ET Q q 0 0 0 rg BT 357.12 173.25 Td (, ) Tj ET Q q 0 0 0 rg BT 362.02 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.63 173.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 404.01 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.74 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 430.46 173.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.52 173.25 Td (may ) Tj ET Q q 0 0 0 rg BT 494.13 173.25 Td (change ) Tj ET Q q 0 0 0 rg BT 524.84 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 535.02 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.63 173.25 Td (future, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 161.25 Td (if ) Tj ET Q q 0 0 0 rg BT 61.55 161.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 75.44 161.25 Td (we ) Tj ET Q q 0 0 0 rg BT 89.60 161.25 Td (may ) Tj ET Q q 0 0 0 rg BT 109.32 161.25 Td (not ) Tj ET Q q 0 0 0 rg BT 124.59 161.25 Td (be ) Tj ET Q q 0 0 0 rg BT 136.53 161.25 Td (able ) Tj ET Q q 0 0 0 rg BT 155.69 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.97 161.25 Td (avoid ) Tj ET Q q 0 0 0 rg BT 190.68 161.25 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 214.31 161.25 Td (status ) Tj ET Q q 0 0 0 rg BT 239.58 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 249.86 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.58 161.25 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.25 Td (If ) Tj ET Q q 0 0 0 rg BT 81.24 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.04 137.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 114.18 137.25 Td (were ) Tj ET Q q 0 0 0 rg BT 136.19 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.54 137.25 Td (find ) Tj ET Q q 0 0 0 rg BT 165.23 137.25 Td (that ) Tj ET Q q 0 0 0 rg BT 182.81 137.25 Td (we ) Tj ET Q q 0 0 0 rg BT 197.05 137.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.83 137.25 Td (or ) Tj ET Q q 0 0 0 rg BT 222.74 137.25 Td (have ) Tj ET Q q 0 0 0 rg BT 244.20 137.25 Td (been ) Tj ET Q q 0 0 0 rg BT 265.66 137.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.67 137.25 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 296.38 137.25 Td (for ) Tj ET Q q 0 0 0 rg BT 310.62 137.25 Td (any ) Tj ET Q q 0 0 0 rg BT 327.63 137.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 359.09 137.25 Td (year) Tj ET Q q 0 0 0 rg BT 375.89 137.25 Td (, ) Tj ET Q q 0 0 0 rg BT 380.97 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 396.88 137.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 417.24 137.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 449.26 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.17 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 476.08 137.25 Td (common ) Tj ET Q q 0 0 0 rg BT 513.66 137.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 541.23 137.25 Td (will ) Tj ET Q q 0 0 0 rg BT 559.36 137.25 Td (face ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 68.92 125.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 89.08 125.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.67 125.25 Td (consequences. ) Tj ET Q q 0 0 0 rg BT 163.52 125.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 190.89 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.49 125.25 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 228.99 125.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 253.30 125.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 280.68 125.25 Td (those ) Tj ET Q q 0 0 0 rg BT 304.17 125.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 335.99 125.25 Td (make ) Tj ET Q q 0 0 0 rg BT 360.02 125.25 Td (an ) Tj ET Q q 0 0 0 rg BT 371.83 125.25 Td (election ) Tj ET Q q 0 0 0 rg BT 405.86 125.25 Td (available ) Tj ET Q q 0 0 0 rg BT 444.33 125.25 Td (under ) Tj ET Q q 0 0 0 rg BT 469.48 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.07 125.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 517.54 125.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 554.91 125.25 Td (Code ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 47.76 113.25 Td (1986, ) Tj ET Q q 0 0 0 rg BT 73.69 113.25 Td (as ) Tj ET Q q 0 0 0 rg BT 85.45 113.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 127.47 113.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 158.67 113.25 Td (election ) Tj ET Q q 0 0 0 rg BT 193.75 113.25 Td (could ) Tj ET Q q 0 0 0 rg BT 219.40 113.25 Td (itself ) Tj ET Q q 0 0 0 rg BT 242.83 113.25 Td (have ) Tj ET Q q 0 0 0 rg BT 265.13 113.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 299.10 113.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 357.51 113.25 Td (for ) Tj ET Q q 0 0 0 rg BT 372.60 113.25 Td (such ) Tj ET Q q 0 0 0 rg BT 394.36 113.25 Td (holders, ) Tj ET Q q 0 0 0 rg BT 429.73 113.25 Td (as ) Tj ET Q q 0 0 0 rg BT 441.49 113.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 483.25 113.25 Td (below ) Tj ET Q q 0 0 0 rg BT 511.11 113.25 Td (under ) Tj ET Q q 0 0 0 rg BT 537.31 113.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 563.51 113.25 Td (10. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 80.82 101.25 Td (Information-E. ) Tj ET Q q 0 0 0 rg BT 142.41 101.25 Td (T) Tj ET Q q 0 0 0 rg BT 147.82 101.25 Td (axation\), ) Tj ET Q q 0 0 0 rg BT 189.57 101.25 Td (such ) Tj ET Q q 0 0 0 rg BT 209.94 101.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 241.42 101.25 Td (would ) Tj ET Q q 0 0 0 rg BT 268.46 101.25 Td (be ) Tj ET Q q 0 0 0 rg BT 279.94 101.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 304.20 101.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.02 101.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 330.50 101.25 Td (United ) Tj ET Q q 0 0 0 rg BT 359.76 101.25 Td (States ) Tj ET Q q 0 0 0 rg BT 385.69 101.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 415.49 101.25 Td (income ) Tj ET Q q 0 0 0 rg BT 446.96 101.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 461.22 101.25 Td (at ) Tj ET Q q 0 0 0 rg BT 470.48 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.74 101.25 Td (then ) Tj ET Q q 0 0 0 rg BT 504.00 101.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 546.58 101.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 50.63 89.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.93 89.25 Td (on ) Tj ET Q q 0 0 0 rg BT 84.34 89.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 120.64 89.25 Td (income ) Tj ET Q q 0 0 0 rg BT 152.49 89.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 171.58 89.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 203.43 89.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 225.84 89.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 254.36 89.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 306.78 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.64 89.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 346.05 89.25 Td (any ) Tj ET Q q 0 0 0 rg BT 362.91 89.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 382.54 89.25 Td (from ) Tj ET Q q 0 0 0 rg BT 404.40 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.03 89.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 465.35 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.09 89.25 Td (our ) Tj ET Q q 0 0 0 rg BT 491.84 89.25 Td (common ) Tj ET Q q 0 0 0 rg BT 529.25 89.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 559.16 89.25 Td (as ) Tj ET Q q 0 0 0 rg BT 569.91 89.25 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 50.79 77.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 79.46 77.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 128.15 77.25 Td (or ) Tj ET Q q 0 0 0 rg BT 139.05 77.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 158.84 77.25 Td (had ) Tj ET Q q 0 0 0 rg BT 175.85 77.25 Td (been ) Tj ET Q q 0 0 0 rg BT 197.30 77.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 243.74 77.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 274.08 77.25 Td (over ) Tj ET Q q 0 0 0 rg BT 294.42 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.21 77.25 Td (shareholder) Tj ET Q q 0 0 0 rg BT 356.22 77.25 Td () Tj ET Q q 0 0 0 rg BT 359.00 77.25 Td (s ) Tj ET Q q 0 0 0 rg BT 365.47 77.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 398.60 77.25 Td (period ) Tj ET Q q 0 0 0 rg BT 426.72 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.62 77.25 Td (our ) Tj ET Q q 0 0 0 rg BT 453.52 77.25 Td (common ) Tj ET Q q 0 0 0 rg BT 491.09 77.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 521.16 77.25 Td (See ) Tj ET Q q 0 0 0 rg BT 538.17 77.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 563.50 77.25 Td (10. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 80.91 65.25 Td (Information-E. ) Tj ET Q q 0 0 0 rg BT 142.60 65.25 Td (T) Tj ET Q q 0 0 0 rg BT 148.01 65.25 Td (axation-United ) Tj ET Q q 0 0 0 rg BT 210.13 65.25 Td (States ) Tj ET Q q 0 0 0 rg BT 236.16 65.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 268.29 65.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 300.26 65.25 Td (T) Tj ET Q q 0 0 0 rg BT 305.67 65.25 Td (axation ) Tj ET Q q 0 0 0 rg BT 337.25 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.72 65.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 367.64 65.25 Td (Holders ) Tj ET Q q 0 0 0 rg BT 401.44 65.25 Td (- ) Tj ET Q q 0 0 0 rg BT 406.91 65.25 Td (Passive ) Tj ET Q q 0 0 0 rg BT 439.05 65.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 472.30 65.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 518.88 65.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 564.35 65.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.25 Td (a ) Tj ET Q q 0 0 0 rg BT 42.38 53.25 Td (more ) Tj ET Q q 0 0 0 rg BT 64.87 53.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 127.34 53.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 170.95 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.22 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.38 53.25 Td (United ) Tj ET Q q 0 0 0 rg BT 224.54 53.25 Td (States ) Tj ET Q q 0 0 0 rg BT 250.37 53.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 280.06 53.25 Td (income ) Tj ET Q q 0 0 0 rg BT 311.43 53.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 325.59 53.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 382.51 53.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.23 53.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 423.61 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.88 53.25 Td (our ) Tj ET Q q 0 0 0 rg BT 449.15 53.25 Td (common ) Tj ET Q q 0 0 0 rg BT 486.09 53.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 513.02 53.25 Td (if ) Tj ET Q q 0 0 0 rg BT 521.07 53.25 Td (we ) Tj ET Q q 0 0 0 rg BT 534.67 53.25 Td (are ) Tj ET Q q 0 0 0 rg BT 548.81 53.25 Td (treated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (as ) Tj ET Q q 0 0 0 rg BT 46.83 41.25 Td (a ) Tj ET Q q 0 0 0 rg BT 53.77 41.25 Td (PFIC.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (23) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 749.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.09 749.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 119.03 749.25 Td (on ) Tj ET Q q 0 0 0 rg BT 132.09 749.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 170.70 749.25 Td (who ) Tj ET Q q 0 0 0 rg BT 190.43 749.25 Td (are ) Tj ET Q q 0 0 0 rg BT 206.26 749.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 250.97 749.25 Td (with ) Tj ET Q q 0 0 0 rg BT 271.26 749.25 Td (af) Tj ET Q q 0 0 0 rg BT 279.41 749.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 310.79 749.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 359.68 749.25 Td (which ) Tj ET Q q 0 0 0 rg BT 387.19 749.25 Td (may ) Tj ET Q q 0 0 0 rg BT 406.91 749.25 Td (create ) Tj ET Q q 0 0 0 rg BT 434.39 749.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 471.89 749.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.72 749.25 Td (interest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.10 725.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 126.20 725.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 174.40 725.25 Td (is ) Tj ET Q q 0 0 0 rg BT 182.62 725.25 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 217.78 725.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 229.45 725.25 Td (.John ) Tj ET Q q 0 0 0 rg BT 254.89 725.25 Td (Fredriksen, ) Tj ET Q q 0 0 0 rg BT 301.71 725.25 Td (Mrs.Kate ) Tj ET Q q 0 0 0 rg BT 343.25 725.25 Td (Blankenship, ) Tj ET Q q 0 0 0 rg BT 397.30 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.29 725.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 424.96 725.25 Td (.PaulM. ) Tj ET Q q 0 0 0 rg BT 463.19 725.25 Td (Leand, ) Tj ET Q q 0 0 0 rg BT 492.22 725.25 Td (three ) Tj ET Q q 0 0 0 rg BT 513.76 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.65 725.25 Td (our ) Tj ET Q q 0 0 0 rg BT 538.53 725.25 Td (directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (are ) Tj ET Q q 0 0 0 rg BT 50.16 713.25 Td (also ) Tj ET Q q 0 0 0 rg BT 68.21 713.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 105.15 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.42 713.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 148.48 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.86 713.25 Td (all ) Tj ET Q q 0 0 0 rg BT 176.81 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.08 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 202.36 713.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 239.30 713.25 Td (serve ) Tj ET Q q 0 0 0 rg BT 262.34 713.25 Td (as ) Tj ET Q q 0 0 0 rg BT 272.62 713.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 309.55 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.83 713.25 Td (other ) Tj ET Q q 0 0 0 rg BT 342.33 713.25 Td (related ) Tj ET Q q 0 0 0 rg BT 371.48 713.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 418.26 713.25 Td (All ) Tj ET Q q 0 0 0 rg BT 432.99 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.27 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 458.54 713.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 495.48 713.25 Td (owe ) Tj ET Q q 0 0 0 rg BT 514.09 713.25 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 552.13 713.25 Td (duties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 45.91 701.25 Td (both ) Tj ET Q q 0 0 0 rg BT 65.81 701.25 Td (us ) Tj ET Q q 0 0 0 rg BT 76.83 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.40 701.25 Td (other ) Tj ET Q q 0 0 0 rg BT 116.07 701.25 Td (related ) Tj ET Q q 0 0 0 rg BT 145.40 701.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 176.69 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.25 701.25 Td (may ) Tj ET Q q 0 0 0 rg BT 212.60 701.25 Td (have ) Tj ET Q q 0 0 0 rg BT 233.60 701.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 270.16 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.62 701.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 312.18 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 322.09 701.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 353.65 701.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 394.11 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 404.57 701.25 Td (af) Tj ET Q q 0 0 0 rg BT 412.16 701.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 442.05 701.25 Td (us ) Tj ET Q q 0 0 0 rg BT 453.07 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.64 701.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.10 701.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 530.27 701.25 Td (In ) Tj ET Q q 0 0 0 rg BT 540.73 701.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (they ) Tj ET Q q 0 0 0 rg BT 55.76 689.25 Td (may ) Tj ET Q q 0 0 0 rg BT 75.53 689.25 Td (have ) Tj ET Q q 0 0 0 rg BT 96.95 689.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 133.93 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.81 689.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.79 689.25 Td (when ) Tj ET Q q 0 0 0 rg BT 200.99 689.25 Td (faced ) Tj ET Q q 0 0 0 rg BT 225.18 689.25 Td (with ) Tj ET Q q 0 0 0 rg BT 245.51 689.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 285.27 689.25 Td (that ) Tj ET Q q 0 0 0 rg BT 302.81 689.25 Td (could ) Tj ET Q q 0 0 0 rg BT 327.58 689.25 Td (have ) Tj ET Q q 0 0 0 rg BT 349.00 689.25 Td (dif) Tj ET Q q 0 0 0 rg BT 359.93 689.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 385.79 689.25 Td (implications ) Tj ET Q q 0 0 0 rg BT 437.77 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 451.98 689.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 485.63 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 496.51 689.25 Td (other ) Tj ET Q q 0 0 0 rg BT 519.60 689.25 Td (related ) Tj ET Q q 0 0 0 rg BT 549.35 689.25 Td (parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (than ) Tj ET Q q 0 0 0 rg BT 55.72 677.25 Td (they ) Tj ET Q q 0 0 0 rg BT 75.43 677.25 Td (do ) Tj ET Q q 0 0 0 rg BT 87.93 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 102.09 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 117.92 677.25 Td (company) Tj ET Q q 0 0 0 rg BT 153.93 677.25 Td (. ) Tj ET Q q 0 0 0 rg BT 158.93 677.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 181.43 677.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 218.92 677.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 255.85 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.68 677.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.62 677.25 Td (may ) Tj ET Q q 0 0 0 rg BT 318.33 677.25 Td (not ) Tj ET Q q 0 0 0 rg BT 333.61 677.25 Td (be ) Tj ET Q q 0 0 0 rg BT 345.55 677.25 Td (resolved ) Tj ET Q q 0 0 0 rg BT 381.93 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.21 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 408.04 677.25 Td (favor) Tj ET Q q 0 0 0 rg BT 428.58 677.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 653.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 106.73 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.79 653.25 Td (its ) Tj ET Q q 0 0 0 rg BT 136.74 653.25 Td (af) Tj ET Q q 0 0 0 rg BT 144.89 653.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 175.16 653.25 Td (may ) Tj ET Q q 0 0 0 rg BT 194.88 653.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 231.25 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 251.54 653.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 108.95 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.68 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.96 629.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 184.91 629.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 231.29 629.25 Td (with ) Tj ET Q q 0 0 0 rg BT 251.02 629.25 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 286.57 629.25 Td (we ) Tj ET Q q 0 0 0 rg BT 300.18 629.25 Td (have ) Tj ET Q q 0 0 0 rg BT 321.01 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.18 629.25 Td (right ) Tj ET Q q 0 0 0 rg BT 356.02 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.30 629.25 Td (first ) Tj ET Q q 0 0 0 rg BT 384.35 629.25 Td (refusal ) Tj ET Q q 0 0 0 rg BT 413.51 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.24 629.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 467.39 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.12 629.25 Td (any ) Tj ET Q q 0 0 0 rg BT 493.51 629.25 Td (business ) Tj ET Q q 0 0 0 rg BT 529.35 629.25 Td (opportunity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 76.03 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.75 617.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 120.57 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 133.94 617.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 165.10 617.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 202.91 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.40 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.33 617.25 Td (North ) Tj ET Q q 0 0 0 rg BT 251.00 617.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 284.92 617.25 Td (Region ) Tj ET Q q 0 0 0 rg BT 315.52 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.68 617.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 364.49 617.25 Td (has ) Tj ET Q q 0 0 0 rg BT 379.54 617.25 Td (a ) Tj ET Q q 0 0 0 rg BT 385.69 617.25 Td (right ) Tj ET Q q 0 0 0 rg BT 406.29 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.33 617.25 Td (first ) Tj ET Q q 0 0 0 rg BT 434.16 617.25 Td (refusal ) Tj ET Q q 0 0 0 rg BT 463.08 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.57 617.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 516.48 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.97 617.25 Td (any ) Tj ET Q q 0 0 0 rg BT 542.13 617.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 85.14 605.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 125.94 605.25 Td (by ) Tj ET Q q 0 0 0 rg BT 138.41 605.25 Td (us ) Tj ET Q q 0 0 0 rg BT 149.78 605.25 Td (for ) Tj ET Q q 0 0 0 rg BT 163.92 605.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 195.83 605.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 234.41 605.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 265.77 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.58 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.27 605.25 Td (North ) Tj ET Q q 0 0 0 rg BT 316.53 605.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 351.22 605.25 Td (Region. ) Tj ET Q q 0 0 0 rg BT 384.90 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 402.92 605.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 454.28 605.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 503.68 605.25 Td (however) Tj ET Q q 0 0 0 rg BT 537.71 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 542.69 605.25 Td (contains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 80.11 593.25 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 124.77 593.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.66 593.25 Td (may ) Tj ET Q q 0 0 0 rg BT 160.78 593.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 184.89 593.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 217.89 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 228.12 593.25 Td (any ) Tj ET Q q 0 0 0 rg BT 244.45 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.68 593.25 Td (its ) Tj ET Q q 0 0 0 rg BT 266.02 593.25 Td (af) Tj ET Q q 0 0 0 rg BT 273.61 593.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 302.72 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.40 593.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 348.17 593.25 Td (with ) Tj ET Q q 0 0 0 rg BT 367.84 593.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 381.13 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.46 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.14 593.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 436.24 593.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 459.23 593.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 492.24 593.25 Td (has ) Tj ET Q q 0 0 0 rg BT 507.46 593.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 544.91 593.25 Td (Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 71.10 581.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 92.33 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 112.44 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.99 581.25 Td (right ) Tj ET Q q 0 0 0 rg BT 148.21 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.33 581.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 196.20 581.25 Td (any ) Tj ET Q q 0 0 0 rg BT 212.97 581.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 244.75 581.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 258.20 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.31 581.25 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 302.19 581.25 Td (s ) Tj ET Q q 0 0 0 rg BT 308.42 581.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 328.52 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 338.63 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.19 581.25 Td (event ) Tj ET Q q 0 0 0 rg BT 377.18 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 394.51 581.25 Td (any ) Tj ET Q q 0 0 0 rg BT 411.28 581.25 Td (such ) Tj ET Q q 0 0 0 rg BT 431.95 581.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 445.39 581.25 Td (enters ) Tj ET Q q 0 0 0 rg BT 471.60 581.25 Td (into ) Tj ET Q q 0 0 0 rg BT 489.49 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 496.27 581.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 530.81 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 550.92 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 557.69 581.25 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 47.32 569.25 Td (five ) Tj ET Q q 0 0 0 rg BT 65.86 569.25 Td (years ) Tj ET Q q 0 0 0 rg BT 89.95 569.25 Td (or ) Tj ET Q q 0 0 0 rg BT 101.27 569.25 Td (more, ) Tj ET Q q 0 0 0 rg BT 127.31 569.25 Td (which ) Tj ET Q q 0 0 0 rg BT 154.74 569.25 Td (could ) Tj ET Q q 0 0 0 rg BT 179.95 569.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 210.71 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 227.03 569.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 258.35 569.25 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 301.61 569.25 Td (See ) Tj ET Q q 0 0 0 rg BT 319.04 569.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 344.80 569.25 Td (7. ) Tj ET Q q 0 0 0 rg BT 355.29 569.25 Td (Major ) Tj ET Q q 0 0 0 rg BT 382.72 569.25 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 437.92 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.35 569.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 488.89 569.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 512.77 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 518.53 569.25 Td (ransactions-B. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 69.04 557.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 92.47 557.25 Td (T) Tj ET Q q 0 0 0 rg BT 98.23 557.25 Td (ransactions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 533.25 Td (Risks ) Tj ET Q q 0 0 0 rg BT 97.84 533.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 136.45 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.28 533.25 Td (Our) Tj ET Q q 0 0 0 rg BT 164.88 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 167.38 533.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 209.32 533.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 229.71 533.25 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 509.25 Td (An ) Tj ET Q q 0 0 0 rg BT 86.99 509.25 Td (active ) Tj ET Q q 0 0 0 rg BT 113.61 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.93 509.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 158.58 509.25 Td (market ) Tj ET Q q 0 0 0 rg BT 190.23 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.20 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 222.41 509.25 Td (common ) Tj ET Q q 0 0 0 rg BT 260.72 509.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 290.15 509.25 Td (may ) Tj ET Q q 0 0 0 rg BT 310.13 509.25 Td (not ) Tj ET Q q 0 0 0 rg BT 326.22 509.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 360.07 509.25 Td (or ) Tj ET Q q 0 0 0 rg BT 371.72 509.25 Td (be ) Tj ET Q q 0 0 0 rg BT 383.91 509.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 425.57 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.88 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.42 509.25 Td (price ) Tj ET Q q 0 0 0 rg BT 482.72 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.81 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.01 509.25 Td (common ) Tj ET Q q 0 0 0 rg BT 549.33 509.25 Td (shares ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 55.72 497.25 Td (be ) Tj ET Q q 0 0 0 rg BT 67.66 497.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 96.27 497.25 Td (volatile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.62 473.25 Td (common ) Tj ET Q q 0 0 0 rg BT 126.69 473.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 153.75 473.25 Td (have ) Tj ET Q q 0 0 0 rg BT 174.70 473.25 Td (only ) Tj ET Q q 0 0 0 rg BT 194.55 473.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 221.61 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 233.68 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.97 473.25 Td (New ) Tj ET Q q 0 0 0 rg BT 268.61 473.25 Td (Y) Tj ET Q q 0 0 0 rg BT 274.84 473.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 290.24 473.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 315.09 473.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 356.58 473.25 Td (since ) Tj ET Q q 0 0 0 rg BT 379.20 473.25 Td (January ) Tj ET Q q 0 0 0 rg BT 412.37 473.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 426.94 473.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 449.02 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.53 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 477.60 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.89 473.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 538.39 473.25 Td (OTC ) Tj ET Q q 0 0 0 rg BT 560.46 473.25 Td (List ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (since ) Tj ET Q q 0 0 0 rg BT 59.43 461.25 Td (February ) Tj ET Q q 0 0 0 rg BT 98.41 461.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 113.79 461.25 Td (201) Tj ET Q q 0 0 0 rg BT 128.42 461.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 138.80 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.05 461.25 Td (Active, ) Tj ET Q q 0 0 0 rg BT 173.09 461.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 199.30 461.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 230.51 461.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 265.05 461.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 305.13 461.25 Td (result ) Tj ET Q q 0 0 0 rg BT 330.23 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 340.89 461.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 366.54 461.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 382.21 461.25 Td (ask ) Tj ET Q q 0 0 0 rg BT 398.42 461.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 431.29 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.61 461.25 Td (more ) Tj ET Q q 0 0 0 rg BT 472.04 461.25 Td (ef) Tj ET Q q 0 0 0 rg BT 479.63 461.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 508.05 461.25 Td (execution ) Tj ET Q q 0 0 0 rg BT 549.81 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 561.02 461.25 Td (buy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.40 449.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 70.25 449.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 98.20 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.83 449.25 Td (market ) Tj ET Q q 0 0 0 rg BT 143.55 449.25 Td (participants. ) Tj ET Q q 0 0 0 rg BT 195.67 449.25 Td (If ) Tj ET Q q 0 0 0 rg BT 205.29 449.25 Td (an ) Tj ET Q q 0 0 0 rg BT 217.69 449.25 Td (active ) Tj ET Q q 0 0 0 rg BT 244.53 449.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 275.81 449.25 Td (market ) Tj ET Q q 0 0 0 rg BT 306.54 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.16 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.34 449.25 Td (common ) Tj ET Q q 0 0 0 rg BT 374.30 449.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 402.25 449.25 Td (does ) Tj ET Q q 0 0 0 rg BT 423.55 449.25 Td (not ) Tj ET Q q 0 0 0 rg BT 439.29 449.25 Td (develop, ) Tj ET Q q 0 0 0 rg BT 476.41 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.59 449.25 Td (price ) Tj ET Q q 0 0 0 rg BT 514.54 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.83 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.01 449.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 63.85 437.25 Td (may ) Tj ET Q q 0 0 0 rg BT 83.92 437.25 Td (be ) Tj ET Q q 0 0 0 rg BT 96.21 437.25 Td (more ) Tj ET Q q 0 0 0 rg BT 119.62 437.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 152.46 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.76 437.25 Td (it ) Tj ET Q q 0 0 0 rg BT 178.17 437.25 Td (may ) Tj ET Q q 0 0 0 rg BT 198.25 437.25 Td (be ) Tj ET Q q 0 0 0 rg BT 210.54 437.25 Td (more ) Tj ET Q q 0 0 0 rg BT 233.94 437.25 Td (dif) Tj ET Q q 0 0 0 rg BT 244.87 437.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 268.83 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.13 437.25 Td (time ) Tj ET Q q 0 0 0 rg BT 306.76 437.25 Td (consuming ) Tj ET Q q 0 0 0 rg BT 353.50 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.13 437.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 403.64 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 410.94 437.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 457.67 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 468.30 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.37 437.25 Td (common ) Tj ET Q q 0 0 0 rg BT 521.22 437.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 551.57 437.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (could ) Tj ET Q q 0 0 0 rg BT 60.80 425.25 Td (have ) Tj ET Q q 0 0 0 rg BT 82.26 425.25 Td (an ) Tj ET Q q 0 0 0 rg BT 94.29 425.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 127.41 425.25 Td (ef) Tj ET Q q 0 0 0 rg BT 135.00 425.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 152.57 425.25 Td (on ) Tj ET Q q 0 0 0 rg BT 165.16 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.96 425.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 214.18 425.25 Td (price ) Tj ET Q q 0 0 0 rg BT 236.75 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.67 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.47 425.25 Td (common ) Tj ET Q q 0 0 0 rg BT 300.05 425.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 329.94 425.25 Td (W) Tj ET Q q 0 0 0 rg BT 338.58 425.25 Td (e ) Tj ET Q q 0 0 0 rg BT 345.60 425.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 374.84 425.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 405.19 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.00 425.25 Td (price ) Tj ET Q q 0 0 0 rg BT 442.57 425.25 Td (at ) Tj ET Q q 0 0 0 rg BT 452.37 425.25 Td (which ) Tj ET Q q 0 0 0 rg BT 479.39 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.31 425.25 Td (common ) Tj ET Q q 0 0 0 rg BT 532.89 425.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 560.46 425.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (trade.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.33 389.25 Td (market ) Tj ET Q q 0 0 0 rg BT 120.87 389.25 Td (price ) Tj ET Q q 0 0 0 rg BT 143.63 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.74 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.73 389.25 Td (common ) Tj ET Q q 0 0 0 rg BT 207.51 389.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.28 389.25 Td (may ) Tj ET Q q 0 0 0 rg BT 255.27 389.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 293.03 389.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 345.80 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.36 389.25 Td (response ) Tj ET Q q 0 0 0 rg BT 394.12 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 404.68 389.25 Td (many ) Tj ET Q q 0 0 0 rg BT 429.68 389.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 462.16 389.25 Td (such ) Tj ET Q q 0 0 0 rg BT 483.27 389.25 Td (as ) Tj ET Q q 0 0 0 rg BT 494.38 389.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 521.03 389.25 Td (or ) Tj ET Q q 0 0 0 rg BT 532.14 389.25 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 85.10 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.77 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 109.99 377.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 149.64 377.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 180.14 377.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 214.24 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.91 377.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.78 377.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 299.88 377.25 Td (by ) Tj ET Q q 0 0 0 rg BT 311.77 377.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 351.42 377.25 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 388.03 377.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 428.79 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.12 377.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 488.10 377.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 516.93 377.25 Td (general ) Tj ET Q q 0 0 0 rg BT 548.24 377.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 82.09 365.25 Td (rumors ) Tj ET Q q 0 0 0 rg BT 112.34 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.69 365.25 Td (other ) Tj ET Q q 0 0 0 rg BT 151.16 365.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 182.79 365.25 Td (many ) Tj ET Q q 0 0 0 rg BT 206.93 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.18 365.25 Td (which ) Tj ET Q q 0 0 0 rg BT 243.54 365.25 Td (are ) Tj ET Q q 0 0 0 rg BT 257.66 365.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 289.02 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.27 365.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 336.59 365.25 Td (An ) Tj ET Q q 0 0 0 rg BT 350.74 365.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 383.19 365.25 Td (development ) Tj ET Q q 0 0 0 rg BT 436.77 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 446.46 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.60 365.25 Td (market ) Tj ET Q q 0 0 0 rg BT 490.29 365.25 Td (price ) Tj ET Q q 0 0 0 rg BT 512.19 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.77 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 541.02 365.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 63.64 353.25 Td (could ) Tj ET Q q 0 0 0 rg BT 88.50 353.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 132.80 353.25 Td (af) Tj ET Q q 0 0 0 rg BT 140.39 353.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 158.03 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.01 353.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 202.21 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.63 353.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 235.28 353.25 Td (new ) Tj ET Q q 0 0 0 rg BT 254.59 353.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 282.24 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.66 353.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 313.64 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 329.62 353.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 370.87 353.25 Td (For ) Tj ET Q q 0 0 0 rg BT 387.41 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 403.39 353.25 Td (share ) Tj ET Q q 0 0 0 rg BT 427.14 353.25 Td (price ) Tj ET Q q 0 0 0 rg BT 449.77 353.25 Td (history) Tj ET Q q 0 0 0 rg BT 476.90 353.25 Td (, ) Tj ET Q q 0 0 0 rg BT 482.05 353.25 Td (please ) Tj ET Q q 0 0 0 rg BT 509.68 353.25 Td (see ) Tj ET Q q 0 0 0 rg BT 525.10 353.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 550.51 353.25 Td (9. ) Tj ET Q q 0 0 0 rg BT 560.47 353.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 341.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 57.75 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 74.69 341.25 Td (Listing-Of) Tj ET Q q 0 0 0 rg BT 116.72 341.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 130.32 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.26 341.25 Td (Listing ) Tj ET Q q 0 0 0 rg BT 178.09 341.25 Td (Details.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 317.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 108.42 317.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 145.96 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 155.15 317.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 204.37 317.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 251.36 317.25 Td (stake ) Tj ET Q q 0 0 0 rg BT 276.66 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.19 317.25 Td (us ) Tj ET Q q 0 0 0 rg BT 302.84 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.60 317.25 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 357.41 317.25 Td (s ) Tj ET Q q 0 0 0 rg BT 365.50 317.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 404.14 317.25 Td (could ) Tj ET Q q 0 0 0 rg BT 431.12 317.25 Td (conflict ) Tj ET Q q 0 0 0 rg BT 466.42 317.25 Td (with ) Tj ET Q q 0 0 0 rg BT 488.40 317.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 523.15 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.68 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 554.33 317.25 Td (other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 281.25 Td (As ) Tj ET Q q 0 0 0 rg BT 86.15 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.40 281.25 Td (date ) Tj ET Q q 0 0 0 rg BT 121.09 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.46 281.25 Td (this ) Tj ET Q q 0 0 0 rg BT 149.27 281.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 181.75 281.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 214.50 281.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 248.64 281.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 272.79 281.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 333.59 281.25 Td (70% ) Tj ET Q q 0 0 0 rg BT 354.95 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.32 281.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.68 281.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 432.39 281.25 Td (common ) Tj ET Q q 0 0 0 rg BT 470.42 281.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 498.44 281.25 Td (. ) Tj ET Q q 0 0 0 rg BT 503.31 281.25 Td (As ) Tj ET Q q 0 0 0 rg BT 517.46 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 524.93 281.25 Td (result ) Tj ET Q q 0 0 0 rg BT 550.19 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 561.55 281.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 80.97 269.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 124.82 269.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 158.94 269.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 192.24 269.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 230.53 269.25 Td (has ) Tj ET Q q 0 0 0 rg BT 246.05 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.46 269.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 288.20 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.17 269.25 Td (exert ) Tj ET Q q 0 0 0 rg BT 320.35 269.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 364.75 269.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 404.15 269.25 Td (over ) Tj ET Q q 0 0 0 rg BT 424.11 269.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 453.50 269.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 484.02 269.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 522.87 269.25 Td (shareholders) Tj ET Q q 0 0 0 rg BT 576.00 269.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (approval, ) Tj ET Q q 0 0 0 rg BT 77.82 257.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 122.43 257.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 167.86 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 180.52 257.25 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 227.61 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.16 257.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 290.70 257.25 Td (share ) Tj ET Q q 0 0 0 rg BT 316.13 257.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 349.62 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.17 257.25 Td (election ) Tj ET Q q 0 0 0 rg BT 402.16 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.82 257.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 456.64 257.25 Td (declaration ) Tj ET Q q 0 0 0 rg BT 505.40 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.06 257.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 563.78 257.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (appointment ) Tj ET Q q 0 0 0 rg BT 88.15 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.64 245.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 154.40 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.00 245.25 Td (other ) Tj ET Q q 0 0 0 rg BT 193.71 245.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 220.86 245.25 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 262.58 245.25 Td (While ) Tj ET Q q 0 0 0 rg BT 289.18 245.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 339.11 245.25 Td (with ) Tj ET Q q 0 0 0 rg BT 359.05 245.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 392.31 245.25 Td (could ) Tj ET Q q 0 0 0 rg BT 416.69 245.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 446.62 245.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 460.17 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.55 245.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 510.04 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.53 245.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 553.79 245.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (at ) Tj ET Q q 0 0 0 rg BT 45.23 233.25 Td (times ) Tj ET Q q 0 0 0 rg BT 68.90 233.25 Td (conflict ) Tj ET Q q 0 0 0 rg BT 101.46 233.25 Td (with ) Tj ET Q q 0 0 0 rg BT 121.25 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.47 233.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 170.81 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.15 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 196.49 233.25 Td (other ) Tj ET Q q 0 0 0 rg BT 219.05 233.25 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 274.10 233.25 Td (Conflicts ) Tj ET Q q 0 0 0 rg BT 312.77 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.11 233.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 354.56 233.25 Td (may ) Tj ET Q q 0 0 0 rg BT 373.78 233.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 394.67 233.25 Td (between ) Tj ET Q q 0 0 0 rg BT 430.00 233.25 Td (us ) Tj ET Q q 0 0 0 rg BT 440.90 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.35 233.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 490.46 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.80 233.25 Td (its ) Tj ET Q q 0 0 0 rg BT 512.26 233.25 Td (af) Tj ET Q q 0 0 0 rg BT 519.85 233.25 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 551.57 233.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (may ) Tj ET Q q 0 0 0 rg BT 56.16 221.25 Td (result ) Tj ET Q q 0 0 0 rg BT 81.32 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.04 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.20 221.25 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 153.47 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.74 221.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 215.45 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 228.39 221.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 253.55 221.25 Td (not ) Tj ET Q q 0 0 0 rg BT 269.28 221.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 317.20 221.25 Td (by ) Tj ET Q q 0 0 0 rg BT 330.14 221.25 Td (market ) Tj ET Q q 0 0 0 rg BT 360.85 221.25 Td (forces. ) Tj ET Q q 0 0 0 rg BT 390.07 221.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 410.24 221.25 Td (such ) Tj ET Q q 0 0 0 rg BT 431.51 221.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 468.89 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.16 221.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 512.54 221.25 Td (could ) Tj ET Q q 0 0 0 rg BT 537.70 221.25 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 209.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 61.07 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.90 209.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 115.79 209.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 153.28 209.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 193.55 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.49 209.25 Td (results ) Tj ET Q q 0 0 0 rg BT 239.10 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.93 209.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 296.58 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.52 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.24 209.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 359.06 209.25 Td (price ) Tj ET Q q 0 0 0 rg BT 381.55 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.38 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 408.21 209.25 Td (common ) Tj ET Q q 0 0 0 rg BT 445.70 209.25 Td (shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 185.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 106.73 185.25 Td (may ) Tj ET Q q 0 0 0 rg BT 126.44 185.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 156.71 185.25 Td (its ) Tj ET Q q 0 0 0 rg BT 168.66 185.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 213.95 185.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.01 185.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.85 185.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.25 Td (During ) Tj ET Q q 0 0 0 rg BT 102.43 161.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 127.04 161.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 160.24 161.25 Td (participated ) Tj ET Q q 0 0 0 rg BT 209.54 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.43 161.25 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 270.41 161.25 Td (with ) Tj ET Q q 0 0 0 rg BT 290.29 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.84 161.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 333.93 161.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 369.91 161.25 Td (partner ) Tj ET Q q 0 0 0 rg BT 400.32 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.21 161.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 438.96 161.25 Td (its ) Tj ET Q q 0 0 0 rg BT 450.51 161.25 Td (shareholding ) Tj ET Q q 0 0 0 rg BT 504.27 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.15 161.25 Td (us ) Tj ET Q q 0 0 0 rg BT 525.14 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.02 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 541.57 161.25 Td (minority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 70.05 149.25 Td (While ) Tj ET Q q 0 0 0 rg BT 96.76 149.25 Td (those ) Tj ET Q q 0 0 0 rg BT 120.15 149.25 Td (discussions ) Tj ET Q q 0 0 0 rg BT 167.99 149.25 Td (are ) Tj ET Q q 0 0 0 rg BT 182.48 149.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.75 149.25 Td (hold, ) Tj ET Q q 0 0 0 rg BT 217.31 149.25 Td (we ) Tj ET Q q 0 0 0 rg BT 231.25 149.25 Td (can ) Tj ET Q q 0 0 0 rg BT 247.41 149.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 280.23 149.25 Td (no ) Tj ET Q q 0 0 0 rg BT 292.51 149.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 333.66 149.25 Td (that ) Tj ET Q q 0 0 0 rg BT 350.93 149.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 384.32 149.25 Td (will ) Tj ET Q q 0 0 0 rg BT 402.15 149.25 Td (not ) Tj ET Q q 0 0 0 rg BT 417.21 149.25 Td (reinitiate ) Tj ET Q q 0 0 0 rg BT 455.03 149.25 Td (those ) Tj ET Q q 0 0 0 rg BT 478.42 149.25 Td (discussions, ) Tj ET Q q 0 0 0 rg BT 528.76 149.25 Td (or ) Tj ET Q q 0 0 0 rg BT 539.37 149.25 Td (negotiate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (another ) Tj ET Q q 0 0 0 rg BT 68.38 137.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 114.64 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.81 137.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 153.84 137.25 Td (its ) Tj ET Q q 0 0 0 rg BT 165.68 137.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 209.73 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.90 137.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 233.68 137.25 Td (If ) Tj ET Q q 0 0 0 rg BT 242.73 137.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 276.22 137.25 Td (were ) Tj ET Q q 0 0 0 rg BT 298.04 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.21 137.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 337.25 137.25 Td (its ) Tj ET Q q 0 0 0 rg BT 349.09 137.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 393.14 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.30 137.25 Td (us ) Tj ET Q q 0 0 0 rg BT 414.59 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.75 137.25 Td (a ) Tj ET Q q 0 0 0 rg BT 431.58 137.25 Td (minority ) Tj ET Q q 0 0 0 rg BT 468.42 137.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 502.74 137.25 Td (we ) Tj ET Q q 0 0 0 rg BT 516.79 137.25 Td (can ) Tj ET Q q 0 0 0 rg BT 533.06 137.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 566.00 137.25 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 77.03 125.25 Td (that ) Tj ET Q q 0 0 0 rg BT 94.19 125.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 127.46 125.25 Td (would ) Tj ET Q q 0 0 0 rg BT 154.62 125.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 191.22 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.17 125.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 233.88 125.25 Td (support ) Tj ET Q q 0 0 0 rg BT 266.04 125.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.54 125.25 Td (management ) Tj ET Q q 0 0 0 rg BT 329.79 125.25 Td (services ) Tj ET Q q 0 0 0 rg BT 364.16 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.10 125.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 387.66 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.26 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 418.09 125.25 Td (can ) Tj ET Q q 0 0 0 rg BT 434.13 125.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 466.84 125.25 Td (no ) Tj ET Q q 0 0 0 rg BT 479.00 125.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 520.04 125.25 Td (that ) Tj ET Q q 0 0 0 rg BT 537.20 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 551.02 125.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (be ) Tj ET Q q 0 0 0 rg BT 47.67 113.25 Td (able ) Tj ET Q q 0 0 0 rg BT 66.55 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 76.56 113.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 107.65 113.25 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 141.53 113.25 Td (s ) Tj ET Q q 0 0 0 rg BT 147.65 113.25 Td (support ) Tj ET Q q 0 0 0 rg BT 179.88 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.55 113.25 Td (services ) Tj ET Q q 0 0 0 rg BT 230.99 113.25 Td (with ) Tj ET Q q 0 0 0 rg BT 250.99 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.44 113.25 Td (support ) Tj ET Q q 0 0 0 rg BT 297.67 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.33 113.25 Td (services ) Tj ET Q q 0 0 0 rg BT 348.77 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.33 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 366.00 113.25 Td (third ) Tj ET Q q 0 0 0 rg BT 387.11 113.25 Td (party ) Tj ET Q q 0 0 0 rg BT 409.89 113.25 Td (that ) Tj ET Q q 0 0 0 rg BT 427.11 113.25 Td (would ) Tj ET Q q 0 0 0 rg BT 454.34 113.25 Td (be ) Tj ET Q q 0 0 0 rg BT 466.01 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.57 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.01 113.25 Td (same ) Tj ET Q q 0 0 0 rg BT 513.79 113.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 543.79 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 554.35 113.25 Td (at ) Tj ET Q q 0 0 0 rg BT 563.80 113.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (same ) Tj ET Q q 0 0 0 rg BT 59.05 101.25 Td (cost.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 77.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.15 77.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.09 77.25 Td (are ) Tj ET Q q 0 0 0 rg BT 102.92 77.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 158.20 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.04 77.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 209.88 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.94 77.25 Td (it ) Tj ET Q q 0 0 0 rg BT 235.99 77.25 Td (may ) Tj ET Q q 0 0 0 rg BT 255.71 77.25 Td (not ) Tj ET Q q 0 0 0 rg BT 271.55 77.25 Td (be ) Tj ET Q q 0 0 0 rg BT 283.49 77.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 318.77 77.25 Td (for ) Tj ET Q q 0 0 0 rg BT 333.49 77.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.44 77.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 389.61 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.89 77.25 Td (enforce ) Tj ET Q q 0 0 0 rg BT 433.49 77.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 453.77 77.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 499.06 77.25 Td (against ) Tj ET Q q 0 0 0 rg BT 531.57 77.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 53.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 53.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.86 53.25 Td (are ) Tj ET Q q 0 0 0 rg BT 102.86 53.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 156.18 53.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.75 53.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 206.19 53.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.42 53.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 276.76 53.25 Td (all ) Tj ET Q q 0 0 0 rg BT 289.54 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.66 53.25 Td (our ) Tj ET Q q 0 0 0 rg BT 316.78 53.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 342.89 53.25 Td (are ) Tj ET Q q 0 0 0 rg BT 357.89 53.25 Td (located ) Tj ET Q q 0 0 0 rg BT 389.55 53.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 421.22 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.23 53.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 456.80 53.25 Td (In ) Tj ET Q q 0 0 0 rg BT 467.92 53.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 505.98 53.25 Td (all ) Tj ET Q q 0 0 0 rg BT 518.76 53.25 Td (but ) Tj ET Q q 0 0 0 rg BT 534.33 53.25 Td (one ) Tj ET Q q 0 0 0 rg BT 551.56 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 562.67 53.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 73.07 41.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.58 41.25 Td (all ) Tj ET Q q 0 0 0 rg BT 101.66 41.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.07 41.25 Td (our ) Tj ET Q q 0 0 0 rg BT 127.48 41.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 167.87 41.25 Td (of) Tj ET Q q 0 0 0 rg BT 176.02 41.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 200.31 41.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.59 41.25 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 270.55 41.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.96 41.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.26 41.25 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 317.62 41.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.14 41.25 Td (all ) Tj ET Q q 0 0 0 rg BT 346.21 41.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.63 41.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.14 41.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 408.00 41.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 438.96 41.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.37 41.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.67 41.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 489.08 41.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.49 41.25 Td (these ) Tj ET Q q 0 0 0 rg BT 522.12 41.25 Td (non-residents ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (are ) Tj ET Q q 0 0 0 rg BT 50.90 749.10 Td (located ) Tj ET Q q 0 0 0 rg BT 82.46 749.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 114.04 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.94 749.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 148.82 749.10 Td (As ) Tj ET Q q 0 0 0 rg BT 162.63 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.76 749.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 197.16 749.10 Td (it ) Tj ET Q q 0 0 0 rg BT 205.41 749.10 Td (may ) Tj ET Q q 0 0 0 rg BT 225.32 749.10 Td (be ) Tj ET Q q 0 0 0 rg BT 237.45 749.10 Td (dif) Tj ET Q q 0 0 0 rg BT 248.38 749.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 272.17 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.19 749.10 Td (impossible ) Tj ET Q q 0 0 0 rg BT 329.21 749.10 Td (for ) Tj ET Q q 0 0 0 rg BT 343.57 749.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 364.04 749.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 402.84 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.31 749.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 437.10 749.10 Td (process ) Tj ET Q q 0 0 0 rg BT 469.78 749.10 Td (within ) Tj ET Q q 0 0 0 rg BT 498.02 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.93 749.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 533.40 749.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 556.09 749.10 Td (us ) Tj ET Q q 0 0 0 rg BT 567.68 749.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 737.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 89.32 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.25 737.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 147.06 737.10 Td (of) Tj ET Q q 0 0 0 rg BT 155.21 737.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 182.42 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.25 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.53 737.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 236.00 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.94 737.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 283.22 737.10 Td (against ) Tj ET Q q 0 0 0 rg BT 314.04 737.10 Td (us ) Tj ET Q q 0 0 0 rg BT 325.43 737.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.59 737.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 359.87 737.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 399.58 737.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.86 737.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 430.15 737.10 Td (courts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.35 713.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.63 713.10 Td (you ) Tj ET Q q 0 0 0 rg BT 139.65 713.10 Td (should ) Tj ET Q q 0 0 0 rg BT 169.33 713.10 Td (not ) Tj ET Q q 0 0 0 rg BT 185.13 713.10 Td (assume ) Tj ET Q q 0 0 0 rg BT 217.58 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.59 713.10 Td (courts ) Tj ET Q q 0 0 0 rg BT 263.04 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.84 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.07 713.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 328.74 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.53 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 366.99 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 381.66 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 396.89 713.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 450.43 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.78 713.10 Td (where ) Tj ET Q q 0 0 0 rg BT 489.22 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 505.57 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 531.91 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 547.13 713.10 Td (located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (would ) Tj ET Q q 0 0 0 rg BT 63.23 701.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 95.43 701.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 139.32 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.88 701.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 169.89 701.10 Td (courts ) Tj ET Q q 0 0 0 rg BT 196.56 701.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 233.22 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.23 701.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 273.78 701.10 Td (against ) Tj ET Q q 0 0 0 rg BT 304.33 701.10 Td (us ) Tj ET Q q 0 0 0 rg BT 315.45 701.10 Td (based ) Tj ET Q q 0 0 0 rg BT 340.45 701.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 362.68 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.12 701.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 397.13 701.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 430.46 701.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 474.36 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.92 701.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 528.23 701.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 548.25 701.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 689.10 Td (state ) Tj ET Q q 0 0 0 rg BT 73.76 689.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 114.03 689.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 134.86 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.69 689.10 Td (would ) Tj ET Q q 0 0 0 rg BT 173.19 689.10 Td (enforce, ) Tj ET Q q 0 0 0 rg BT 208.16 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.44 689.10 Td (original ) Tj ET Q q 0 0 0 rg BT 252.04 689.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 285.37 689.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 325.09 689.10 Td (against ) Tj ET Q q 0 0 0 rg BT 355.91 689.10 Td (us ) Tj ET Q q 0 0 0 rg BT 367.30 689.10 Td (based ) Tj ET Q q 0 0 0 rg BT 392.57 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 405.07 689.10 Td (those ) Tj ET Q q 0 0 0 rg BT 428.68 689.10 Td (laws.) 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0 0 0 rg BT 289.25 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.27 569.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 338.39 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.51 569.10 Td (some ) Tj ET Q q 0 0 0 rg BT 371.41 569.10 Td (part ) Tj ET Q q 0 0 0 rg BT 388.75 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.88 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.89 569.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 467.72 569.10 Td (including ) Tj ET Q q 0 0 0 rg BT 507.29 569.10 Td (such ) Tj ET Q q 0 0 0 rg BT 527.41 569.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 573.51 569.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (However) Tj ET Q q 0 0 0 rg BT 72.25 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 77.25 557.10 Td (you ) Tj ET Q q 0 0 0 rg BT 94.75 557.10 Td (may ) Tj ET Q q 0 0 0 rg BT 114.47 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 129.75 557.10 Td (have ) Tj ET Q q 0 0 0 rg BT 151.12 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.84 557.10 Td (same ) Tj ET Q q 0 0 0 rg BT 188.89 557.10 Td 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 533.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.33 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 113.98 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.96 533.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 167.05 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 178.60 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.25 533.10 Td (public ) Tj ET Q q 0 0 0 rg BT 214.45 533.10 Td (company ) Tj ET Q q 0 0 0 rg BT 254.32 533.10 Td (will ) Tj ET Q q 0 0 0 rg BT 271.98 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.07 533.10 Td (significant, ) Tj ET Q q 0 0 0 rg BT 333.11 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.32 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.43 533.10 Td (management ) Tj ET Q q 0 0 0 rg BT 424.41 533.10 Td (will ) Tj ET Q q 0 0 0 rg BT 442.07 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 454.16 533.10 Td (required ) Tj ET Q q 0 0 0 rg BT 491.81 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.24 533.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 530.98 533.10 Td (substantial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (time ) Tj ET Q q 0 0 0 rg BT 56.27 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 66.55 521.10 Td (complying ) Tj ET Q q 0 0 0 rg BT 111.83 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 132.11 521.10 Td (public ) Tj ET Q q 0 0 0 rg BT 160.17 521.10 Td (company ) Tj ET Q q 0 0 0 rg BT 199.89 521.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 497.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.18 497.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 121.48 497.10 Td (became ) Tj ET Q q 0 0 0 rg BT 154.11 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 184.54 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.42 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.74 497.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 247.49 497.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 301.80 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.23 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 497.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 368.08 497.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 409.14 497.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 425.68 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.11 497.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 460.71 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 471.14 497.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 511.84 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.27 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.59 497.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 55.35 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 72.21 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.84 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 109.80 485.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 131.66 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.51 485.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 195.36 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.11 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.74 485.10 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 244.00 485.10 Td (including ) Tj ET Q q 0 0 0 rg BT 284.19 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.82 485.10 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 364.57 485.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 381.42 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.17 485.10 Td (2002, ) Tj ET Q q 0 0 0 rg BT 417.09 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.83 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.47 485.10 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 508.22 485.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 527.57 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.42 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 555.17 485.10 Td (such, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 49.73 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.35 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.30 473.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 132.58 473.10 Td (legal, ) Tj ET Q q 0 0 0 rg BT 156.58 473.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 202.52 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.02 473.10 Td (other ) Tj ET Q q 0 0 0 rg BT 241.64 473.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 279.81 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 296.87 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 310.60 473.10 Td (did ) Tj ET Q q 0 0 0 rg BT 325.44 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.29 473.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 362.90 473.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 384.41 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.26 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.65 473.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 435.05 473.10 Td (public ) Tj ET Q q 0 0 0 rg BT 462.12 473.10 Td (of) Tj ET Q q 0 0 0 rg BT 470.27 473.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 496.21 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.06 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 473.10 Td (United ) Tj ET Q q 0 0 0 rg BT 549.63 473.10 Td (States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (These ) Tj ET Q q 0 0 0 rg BT 61.89 461.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 100.56 461.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 147.01 461.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 177.91 461.10 Td (various ) Tj ET Q q 0 0 0 rg BT 209.36 461.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 263.57 461.10 Td (on ) Tj ET Q q 0 0 0 rg BT 275.58 461.10 Td (public ) Tj ET Q q 0 0 0 rg BT 302.59 461.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 349.87 461.10 Td (including ) Tj ET Q q 0 0 0 rg BT 389.65 461.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 423.87 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.66 461.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 473.43 461.10 Td (governance ) Tj ET Q q 0 0 0 rg BT 521.52 461.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 561.57 461.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (these ) Tj ET Q q 0 0 0 rg BT 58.01 449.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 111.67 449.10 Td (may ) Tj ET Q q 0 0 0 rg BT 130.34 449.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 166.24 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.47 449.10 Td (evolve. ) Tj ET Q q 0 0 0 rg BT 205.98 449.10 Td (W) Tj ET Q q 0 0 0 rg BT 214.62 449.10 Td (e ) Tj ET Q q 0 0 0 rg BT 220.52 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.41 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.20 449.10 Td (management ) Tj ET Q q 0 0 0 rg BT 303.75 449.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 346.59 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.48 449.10 Td (other ) Tj ET Q q 0 0 0 rg BT 384.49 449.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 427.33 449.10 Td (if ) Tj ET Q q 0 0 0 rg BT 434.89 449.10 Td (any) Tj ET Q q 0 0 0 rg BT 448.68 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 452.64 449.10 Td (will ) Tj ET Q q 0 0 0 rg BT 469.66 449.10 Td (need ) Tj ET Q q 0 0 0 rg BT 489.99 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.23 449.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 527.34 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.24 449.10 Td (substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 68.87 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.07 437.10 Td (time ) Tj ET Q q 0 0 0 rg BT 100.72 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.37 437.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 144.23 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 164.89 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 188.31 437.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 245.88 437.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 284.91 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 290.28 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 313.70 437.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 336.01 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.32 437.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 400.63 437.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 436.25 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.46 437.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 474.76 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.07 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 529.93 437.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 58.50 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 75.44 425.10 Td (make ) Tj ET Q q 0 0 0 rg BT 99.59 425.10 Td (some ) Tj ET Q q 0 0 0 rg BT 123.20 425.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 161.80 425.10 Td (more ) Tj ET Q q 0 0 0 rg BT 184.85 425.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 252.34 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.28 425.10 Td (costly) Tj ET Q q 0 0 0 rg BT 292.51 425.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 139.11 401.10 Td (requires, ) Tj ET Q q 0 0 0 rg BT 177.06 401.10 Td (among ) Tj ET Q q 0 0 0 rg BT 207.51 401.10 Td (other ) Tj ET Q q 0 0 0 rg BT 231.30 401.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 261.49 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 279.73 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 294.63 401.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 332.86 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.54 401.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 401.54 401.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 438.09 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.66 401.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 488.45 401.10 Td (control ) Tj ET Q q 0 0 0 rg BT 520.01 401.10 Td (over ) Tj ET Q q 0 0 0 rg BT 541.02 401.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 75.79 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.35 389.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 137.03 389.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 172.38 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.95 389.10 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 239.44 389.10 Td (In ) Tj ET Q q 0 0 0 rg BT 250.90 389.10 Td (particular) Tj ET Q q 0 0 0 rg BT 288.81 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 294.44 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.23 389.10 Td (need ) Tj ET Q q 0 0 0 rg BT 331.24 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.15 389.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 377.48 389.10 Td (system ) Tj ET Q q 0 0 0 rg BT 408.39 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.96 389.10 Td (process ) Tj ET Q q 0 0 0 rg BT 459.08 389.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 503.86 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.43 389.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 551.22 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.68 389.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 69.58 377.10 Td (control ) Tj ET Q q 0 0 0 rg BT 100.94 377.10 Td (over ) Tj ET Q q 0 0 0 rg BT 121.74 377.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.75 377.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 199.44 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.26 377.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 235.51 377.10 Td (management ) Tj ET Q q 0 0 0 rg BT 289.63 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.11 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.47 377.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 375.38 377.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 417.84 377.10 Td (public ) Tj ET Q q 0 0 0 rg BT 445.87 377.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 492.77 377.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 513.02 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.84 377.10 Td (report ) Tj ET Q q 0 0 0 rg BT 550.75 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 563.78 377.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 365.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 91.95 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.21 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.48 365.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 155.95 365.10 Td (control ) Tj ET Q q 0 0 0 rg BT 188.21 365.10 Td (over ) Tj ET Q q 0 0 0 rg BT 209.92 365.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.83 365.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 291.92 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 304.18 365.10 Td (required ) Tj ET Q q 0 0 0 rg BT 341.43 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 355.37 365.10 Td (Section404 ) Tj ET Q q 0 0 0 rg BT 406.80 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.06 365.10 Td (Sarbanes-Oxley) Tj ET Q q 0 0 0 rg BT 482.28 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.72 365.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 508.20 365.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 558.23 365.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (Section404 ) Tj ET Q q 0 0 0 rg BT 86.00 353.10 Td (may ) Tj ET Q q 0 0 0 rg BT 105.71 353.10 Td (require ) Tj ET Q q 0 0 0 rg BT 136.53 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 154.02 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 168.18 353.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 191.23 353.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 236.50 353.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 282.88 353.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 321.47 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.41 353.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 369.79 353.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 414.50 353.10 Td (management ) Tj ET Q q 0 0 0 rg BT 468.09 353.10 Td (ef) Tj ET Q q 0 0 0 rg BT 475.68 353.10 Td (forts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 318.25 Td (ITEM 4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 318.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 318.25 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 138.14 318.25 Td (TION ON ) Tj ET Q q 0 0 0 rg BT 183.52 318.25 Td (THE COMP) Tj ET Q q 0 0 0 rg BT 236.94 318.25 Td (ANY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 294.25 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 294.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 294.25 Td (History and Development of the Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 270.25 Td (The Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 246.25 Td (North ) Tj ET Q q 0 0 0 rg BT 97.00 246.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 131.36 246.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 165.18 246.25 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 183.71 246.25 Td (was ) Tj ET Q q 0 0 0 rg BT 201.41 246.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 232.43 246.25 Td (as ) Tj ET Q q 0 0 0 rg BT 242.91 246.25 Td (an ) Tj ET Q q 0 0 0 rg BT 254.50 246.25 Td (exempted ) Tj ET Q q 0 0 0 rg BT 295.52 246.25 Td (company ) Tj ET Q q 0 0 0 rg BT 334.32 246.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 364.80 246.25 Td (by ) Tj ET Q q 0 0 0 rg BT 376.94 246.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 404.08 246.25 Td (under ) Tj ET Q q 0 0 0 rg BT 429.00 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.36 246.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 463.84 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.32 246.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 513.12 246.25 Td (on ) Tj ET Q q 0 0 0 rg BT 525.27 246.25 Td (February ) Tj ET Q q 0 0 0 rg BT 563.51 246.25 Td (10, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 234.25 Td (201) Tj ET Q q 0 0 0 rg BT 50.63 234.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 60.56 234.25 Td (by ) Tj ET Q q 0 0 0 rg BT 73.00 234.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 106.53 234.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 140.63 234.25 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 175.28 234.25 Td (SDRL\), ) Tj ET Q q 0 0 0 rg BT 209.11 234.25 Td (or ) Tj ET Q q 0 0 0 rg BT 219.87 234.25 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 255.91 234.25 Td (as ) Tj ET Q q 0 0 0 rg BT 266.68 234.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.55 234.25 Td (new ) Tj ET Q q 0 0 0 rg BT 292.64 234.25 Td (of) Tj ET Q q 0 0 0 rg BT 300.79 234.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 328.22 234.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 360.09 234.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 403.64 234.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 437.17 234.25 Td (on ) Tj ET Q q 0 0 0 rg BT 449.60 234.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 493.69 234.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.91 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.56 234.25 Td (North ) Tj ET Q q 0 0 0 rg BT 543.78 234.25 Td (Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 222.25 Td (Region. ) Tj ET Q q 0 0 0 rg BT 69.92 222.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.46 222.25 Td (On ) Tj ET Q q 0 0 0 rg BT 87.22 222.25 Td (February ) Tj ET Q q 0 0 0 rg BT 125.86 222.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 140.90 222.25 Td (201) Tj ET Q q 0 0 0 rg BT 155.53 222.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 165.56 222.25 Td (we ) Tj ET Q q 0 0 0 rg BT 179.76 222.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 211.72 222.25 Td (into ) Tj ET Q q 0 0 0 rg BT 229.82 222.25 Td (an ) Tj ET Q q 0 0 0 rg BT 241.80 222.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 285.97 222.25 Td (with ) Tj ET Q q 0 0 0 rg BT 306.29 222.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 339.93 222.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.25 222.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 382.21 222.25 Td (six ) Tj ET Q q 0 0 0 rg BT 396.42 222.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 420.62 222.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 473.70 222.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 505.68 222.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 525.72 222.25 Td (including ) Tj ET Q q 0 0 0 rg BT 566.03 222.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 210.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 70.33 210.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 111.05 210.25 Td (spares, ) Tj ET Q q 0 0 0 rg BT 140.66 210.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 166.12 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.68 210.25 Td (of) Tj ET Q q 0 0 0 rg BT 190.83 210.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 217.95 210.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 258.95 210.25 Td (related ) Tj ET Q q 0 0 0 rg BT 288.28 210.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.18 210.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.52 210.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 344.09 210.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 363.72 210.25 Td (which ) Tj ET Q q 0 0 0 rg BT 390.28 210.25 Td (we ) Tj ET Q q 0 0 0 rg BT 404.07 210.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 425.06 210.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.96 210.25 Td (as ) Tj ET Q q 0 0 0 rg BT 445.42 210.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.76 210.25 Td (North ) Tj ET Q q 0 0 0 rg BT 484.75 210.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 519.09 210.25 Td (Restructuring. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 198.25 Td (The ) Tj ET Q q 0 0 0 rg BT 54.31 198.25 Td (North ) Tj ET Q q 0 0 0 rg BT 79.80 198.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 114.78 198.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 171.98 198.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 200.29 198.25 Td (on ) Tj ET Q q 0 0 0 rg BT 213.06 198.25 Td (March ) Tj ET Q q 0 0 0 rg BT 241.92 198.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 257.19 198.25 Td (201) Tj ET Q q 0 0 0 rg BT 271.82 198.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 279.58 198.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.79 198.25 Td (our ) Tj ET Q q 0 0 0 rg BT 312.88 198.25 Td (business ) Tj ET Q q 0 0 0 rg BT 349.54 198.25 Td (is ) Tj ET Q q 0 0 0 rg BT 358.98 198.25 Td (a ) Tj ET Q q 0 0 0 rg BT 366.18 198.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 391.71 198.25 Td (continuation ) Tj ET Q q 0 0 0 rg BT 444.47 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.56 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.55 198.25 Td (North ) Tj ET Q q 0 0 0 rg BT 496.03 198.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 531.01 198.25 Td (business ) Tj ET Q q 0 0 0 rg BT 567.67 198.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 186.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.64 186.25 Td (parent, ) Tj ET Q q 0 0 0 rg BT 81.44 186.25 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 117.19 186.25 Td (W) Tj ET Q q 0 0 0 rg BT 125.83 186.25 Td (e ) Tj ET Q q 0 0 0 rg BT 132.58 186.25 Td (did ) Tj ET Q q 0 0 0 rg BT 147.67 186.25 Td (not ) Tj ET Q q 0 0 0 rg BT 162.77 186.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 193.39 186.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.49 186.25 Td (any ) Tj ET Q q 0 0 0 rg BT 220.24 186.25 Td (business ) Tj ET Q q 0 0 0 rg BT 256.44 186.25 Td (or ) Tj ET Q q 0 0 0 rg BT 267.09 186.25 Td (other ) Tj ET Q q 0 0 0 rg BT 289.95 186.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 328.36 186.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 350.11 186.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.20 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.73 186.25 Td (North ) Tj ET Q q 0 0 0 rg BT 399.87 186.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 434.39 186.25 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 493.64 186.25 Td (except ) Tj ET Q q 0 0 0 rg BT 522.05 186.25 Td (in ) Tj ET Q q 0 0 0 rg BT 532.14 186.25 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 174.25 Td (with ) Tj ET Q q 0 0 0 rg BT 55.98 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 71.51 174.25 Td (formation. ) Tj ET Q q 0 0 0 rg BT 115.49 174.25 Td (The ) Tj ET Q q 0 0 0 rg BT 133.24 174.25 Td (North ) Tj ET Q q 0 0 0 rg BT 158.28 174.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 192.70 174.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 249.33 174.25 Td (was ) Tj ET Q q 0 0 0 rg BT 267.09 174.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 297.62 174.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.60 174.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 338.69 174.25 Td (that ) Tj ET Q q 0 0 0 rg BT 355.88 174.25 Td (were ) Tj ET Q q 0 0 0 rg BT 377.51 174.25 Td (under ) Tj ET Q q 0 0 0 rg BT 402.48 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.90 174.25 Td (control ) Tj ET Q q 0 0 0 rg BT 447.43 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.96 174.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 491.27 174.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.91 174.25 Td (its ) Tj ET Q q 0 0 0 rg BT 519.56 174.25 Td (af) Tj ET Q q 0 0 0 rg BT 527.15 174.25 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 559.06 174.25 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 162.25 Td (as ) Tj ET Q q 0 0 0 rg BT 46.68 162.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 69.87 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.44 162.25 Td (North ) Tj ET Q q 0 0 0 rg BT 109.60 162.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 144.17 162.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 200.95 162.25 Td (was ) Tj ET Q q 0 0 0 rg BT 218.86 162.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 261.75 162.25 Td (for ) Tj ET Q q 0 0 0 rg BT 275.76 162.25 Td (as ) Tj ET Q q 0 0 0 rg BT 286.44 162.25 Td (a ) Tj ET Q q 0 0 0 rg BT 293.23 162.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 339.46 162.25 Td (between ) Tj ET Q q 0 0 0 rg BT 375.13 162.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 406.36 162.25 Td (under ) Tj ET Q q 0 0 0 rg BT 431.49 162.25 Td (common ) Tj ET Q q 0 0 0 rg BT 468.83 162.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 502.01 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 504.37 162.25 Td (In ) Tj ET Q q 0 0 0 rg BT 515.05 162.25 Td (February ) Tj ET Q q 0 0 0 rg BT 553.50 162.25 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 150.25 Td (we ) Tj ET Q q 0 0 0 rg BT 50.11 150.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 94.22 150.25 Td (our ) Tj ET Q q 0 0 0 rg BT 110.00 150.25 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 163.54 150.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 189.33 150.25 Td (public ) Tj ET Q q 0 0 0 rg BT 216.78 150.25 Td (of) Tj ET Q q 0 0 0 rg BT 224.92 150.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 251.25 150.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.04 150.25 Td (13,513,514 ) Tj ET Q q 0 0 0 rg BT 309.49 150.25 Td (common ) Tj ET Q q 0 0 0 rg BT 346.94 150.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 374.38 150.25 Td (at ) Tj ET Q q 0 0 0 rg BT 384.05 150.25 Td ($9.25 ) Tj ET Q q 0 0 0 rg BT 409.00 150.25 Td (per ) Tj ET Q q 0 0 0 rg BT 424.22 150.25 Td (share. ) Tj ET Q q 0 0 0 rg BT 450.27 150.25 Td ( ) Tj ET Q q 0 0 0 rg BT 452.55 150.25 Td (W) Tj ET Q q 0 0 0 rg BT 461.19 150.25 Td (e ) Tj ET Q q 0 0 0 rg BT 468.08 150.25 Td (also ) Tj ET Q q 0 0 0 rg BT 486.64 150.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 530.74 150.25 Td (our ) Tj ET Q q 0 0 0 rg BT 546.53 150.25 Td (of) Tj ET Q q 0 0 0 rg BT 554.68 150.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 568.23 150.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 138.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 75.85 138.25 Td (all ) Tj ET Q q 0 0 0 rg BT 87.93 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.36 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.67 138.25 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 164.18 138.25 Td (common ) Tj ET Q q 0 0 0 rg BT 201.27 138.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 228.35 138.25 Td (that ) Tj ET Q q 0 0 0 rg BT 245.44 138.25 Td (we ) Tj ET Q q 0 0 0 rg BT 259.19 138.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 303.50 138.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 330.59 138.25 Td (in ) Tj ET Q q 0 0 0 rg BT 340.46 138.25 Td (our ) Tj ET Q q 0 0 0 rg BT 355.89 138.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 377.42 138.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 404.50 138.25 Td (private ) Tj ET Q q 0 0 0 rg BT 434.36 138.25 Td (placements ) Tj ET Q q 0 0 0 rg BT 481.43 138.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 507.40 138.25 Td (than ) Tj ET Q q 0 0 0 rg BT 526.71 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.02 138.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 126.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 64.39 126.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 94.45 126.25 Td (by ) Tj ET Q q 0 0 0 rg BT 107.85 126.25 Td (af) Tj ET Q q 0 0 0 rg BT 115.44 126.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 146.05 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.78 126.25 Td (ours\) ) Tj ET Q q 0 0 0 rg BT 181.73 126.25 Td (for ) Tj ET Q q 0 0 0 rg BT 196.79 126.25 Td (common ) Tj ET Q q 0 0 0 rg BT 235.19 126.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 263.58 126.25 Td (that ) Tj ET Q q 0 0 0 rg BT 281.97 126.25 Td (have ) Tj ET Q q 0 0 0 rg BT 304.25 126.25 Td (been ) Tj ET Q q 0 0 0 rg BT 326.53 126.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 369.35 126.25 Td (under ) Tj ET Q q 0 0 0 rg BT 395.52 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.13 126.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 453.22 126.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 473.56 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.73 126.25 Td (which ) Tj ET Q q 0 0 0 rg BT 512.57 126.25 Td (an ) Tj ET Q q 0 0 0 rg BT 525.41 126.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 567.67 126.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 114.25 Td (53,068,404 ) Tj ET Q q 0 0 0 rg BT 84.23 114.25 Td (common ) Tj ET Q q 0 0 0 rg BT 122.46 114.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 150.68 114.25 Td (were ) Tj ET Q q 0 0 0 rg BT 173.33 114.25 Td (validly ) Tj ET Q q 0 0 0 rg BT 204.34 114.25 Td (tendered ) Tj ET Q q 0 0 0 rg BT 241.99 114.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.66 114.25 Td (exchanged. ) Tj ET Q q 0 0 0 rg BT 308.14 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.37 114.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 330.16 114.25 Td (common ) Tj ET Q q 0 0 0 rg BT 368.38 114.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 396.60 114.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 419.82 114.25 Td (on ) Tj ET Q q 0 0 0 rg BT 433.05 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.49 114.25 Td (New ) Tj ET Q q 0 0 0 rg BT 470.13 114.25 Td (Y) Tj ET Q q 0 0 0 rg BT 476.35 114.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 492.91 114.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 518.91 114.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 561.57 114.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 102.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 82.93 102.25 Td (OTC ) Tj ET Q q 0 0 0 rg BT 105.43 102.25 Td (List ) Tj ET Q q 0 0 0 rg BT 123.49 102.25 Td (under ) Tj ET Q q 0 0 0 rg BT 148.75 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.47 102.25 Td (symbol ) Tj ET Q q 0 0 0 rg BT 195.42 102.25 Td (NADL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 78.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.38 78.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 128.75 78.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 169.88 78.25 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 223.79 78.25 Td (are ) Tj ET Q q 0 0 0 rg BT 238.83 78.25 Td (at ) Tj ET Q q 0 0 0 rg BT 248.87 78.25 Td (Par) Tj ET Q q 0 0 0 rg BT 262.00 78.25 Td (-la-V) Tj ET Q q 0 0 0 rg BT 282.50 78.25 Td (ille ) Tj ET Q q 0 0 0 rg BT 298.10 78.25 Td (Place, ) Tj ET Q q 0 0 0 rg BT 325.08 78.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 337.90 78.25 Td (Par) Tj ET Q q 0 0 0 rg BT 351.03 78.25 Td (-la-V) Tj ET Q q 0 0 0 rg BT 371.53 78.25 Td (ille ) Tj ET Q q 0 0 0 rg BT 387.13 78.25 Td (Road, ) Tj ET Q q 0 0 0 rg BT 413.57 78.25 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 454.17 78.25 Td (HM ) Tj ET Q q 0 0 0 rg BT 473.11 78.25 Td (08, ) Tj ET Q q 0 0 0 rg BT 488.43 78.25 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 530.41 78.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 568.24 78.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 66.25 Td (the ) Tj ET Q q 0 0 0 rg BT 52.45 66.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 89.62 66.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 138.27 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.94 66.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.39 66.25 Td (General ) Tj ET Q q 0 0 0 rg BT 209.26 66.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 264.76 66.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 315.92 66.25 Td (all ) Tj ET Q q 0 0 0 rg BT 330.14 66.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 377.69 66.25 Td (management ) Tj ET Q q 0 0 0 rg BT 433.01 66.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 474.45 66.25 Td (are ) Tj ET Q q 0 0 0 rg BT 490.89 66.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 530.67 66.25 Td (by ) Tj ET Q q 0 0 0 rg BT 544.90 66.25 Td (Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 54.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 91.32 54.25 Td (Ltd.and ) Tj ET Q q 0 0 0 rg BT 125.26 54.25 Td (North ) Tj ET Q q 0 0 0 rg BT 151.02 54.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 186.34 54.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 240.97 54.25 Td (AS. ) Tj ET Q q 0 0 0 rg BT 259.37 54.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 293.59 54.25 Td (Management) Tj ET Q q 0 0 0 rg BT 348.57 54.25 Td (s ) Tj ET Q q 0 0 0 rg BT 355.58 54.25 Td (of) Tj ET Q q 0 0 0 rg BT 363.73 54.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 385.72 54.25 Td (are ) Tj ET Q q 0 0 0 rg BT 401.04 54.25 Td (located ) Tj ET Q q 0 0 0 rg BT 433.03 54.25 Td (at ) Tj ET Q q 0 0 0 rg BT 443.36 54.25 Td (Building ) Tj ET Q q 0 0 0 rg BT 481.48 54.25 Td (1) Tj ET Q q 0 0 0 rg BT 486.11 54.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 496.72 54.25 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 501.72 58.78 Td (nd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.22 54.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.34 54.25 Td (Floor) Tj ET Q q 0 0 0 rg BT 532.61 54.25 Td (, ) Tj ET Q q 0 0 0 rg BT 538.22 54.25 Td (Chiswick ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 42.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 74.37 42.25 Td (Park, ) Tj ET Q q 0 0 0 rg BT 98.01 42.25 Td (566 ) Tj ET Q q 0 0 0 rg BT 115.82 42.25 Td (Chiswick ) Tj ET Q q 0 0 0 rg BT 156.41 42.25 Td (High ) Tj ET Q q 0 0 0 rg BT 179.22 42.25 Td (Road, ) Tj ET Q q 0 0 0 rg BT 205.63 42.25 Td (London ) Tj ET Q q 0 0 0 rg BT 239.35 42.25 Td (W4 ) Tj ET Q q 0 0 0 rg BT 256.59 42.25 Td (5YS, ) Tj ET Q q 0 0 0 rg BT 279.69 42.25 Td (United ) Tj ET Q q 0 0 0 rg BT 309.71 42.25 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 352.80 42.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.05 42.25 Td (North ) Tj ET Q q 0 0 0 rg BT 395.57 42.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 430.59 42.25 Td (Management) Tj ET Q q 0 0 0 rg BT 485.57 42.25 Td (s ) Tj ET Q q 0 0 0 rg BT 492.27 42.25 Td (of) Tj ET Q q 0 0 0 rg BT 500.42 42.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 522.10 42.25 Td (are ) Tj ET Q q 0 0 0 rg BT 537.12 42.25 Td (located ) Tj ET Q q 0 0 0 rg BT 568.80 42.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (Lkkeveien ) Tj ET Q q 0 0 0 rg BT 85.24 749.10 Td (107, ) Tj ET Q q 0 0 0 rg BT 104.77 749.10 Td (P) Tj ET Q q 0 0 0 rg BT 109.22 749.10 Td (.O. ) Tj ET Q q 0 0 0 rg BT 123.48 749.10 Td (Box ) Tj ET Q q 0 0 0 rg BT 142.18 749.10 Td (109, ) Tj ET Q q 0 0 0 rg BT 161.72 749.10 Td (4001 ) Tj ET Q q 0 0 0 rg BT 183.75 749.10 Td (Stavanger) Tj ET Q q 0 0 0 rg BT 223.33 749.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.87 749.10 Td (Norway) Tj ET Q q 0 0 0 rg BT 259.43 749.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.96 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.44 749.10 Td (its ) Tj ET Q q 0 0 0 rg BT 291.92 749.10 Td (telephone ) Tj ET Q q 0 0 0 rg BT 332.82 749.10 Td (number ) Tj ET Q q 0 0 0 rg BT 365.40 749.10 Td (at ) Tj ET Q q 0 0 0 rg BT 374.65 749.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.68 749.10 Td (address ) Tj ET Q q 0 0 0 rg BT 423.71 749.10 Td (is ) Tj ET Q q 0 0 0 rg BT 432.41 749.10 Td (\(01) Tj ET Q q 0 0 0 rg BT 445.37 749.10 Td (1\)47 ) Tj ET Q q 0 0 0 rg BT 468.23 749.10 Td (51 ) Tj ET Q q 0 0 0 rg BT 480.27 749.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 492.30 749.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 504.33 749.10 Td (00. ) Tj ET Q q 0 0 0 rg BT 518.87 749.10 Td (North ) Tj ET Q q 0 0 0 rg BT 543.78 749.10 Td (Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 90.70 737.10 Td (also ) Tj ET Q q 0 0 0 rg BT 109.31 737.10 Td (has ) Tj ET Q q 0 0 0 rg BT 125.14 737.10 Td (of) Tj ET Q q 0 0 0 rg BT 133.29 737.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 154.67 737.10 Td (in ) Tj ET Q q 0 0 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (Acquisitions, Disposals, and Other Developments for the period from January 1, 2013 through and including December 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 87.94 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.44 677.10 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 157.39 677.10 Td (or) Tj ET Q q 0 0 0 rg BT 165.91 677.10 Td (ders) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 36.00 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 653.10 Td (e had total capital expenditures of approximately $198.9 million, $277.1 million and $528.4 million in 2013, 2012 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (201) Tj ET Q q 0 0 0 rg BT 50.63 641.10 Td (1, respectively) Tj ET Q q 0 0 0 rg BT 108.29 641.10 Td (. Our capital expenditures relate primarily to our newbuild program, capital additions and equipment to our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (drilling units and payments for long term maintenance. ) Tj ET Q q 0 0 0 rg BT 258.27 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 266.90 629.10 Td (e financed our capital expenditures through cash generated from operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (secured and unsecured debt arrangements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (Disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 557.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 557.10 Td (e sold the shares in two of our subsidiaries, Seadrill Nor) Tj ET Q q 0 0 0 rg BT 304.58 557.10 Td (ge Holding ) Tj ET Q q 0 0 0 rg BT 351.25 557.10 Td (AS and Seadrill Nor) Tj ET Q q 0 0 0 rg BT 432.44 557.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 443.83 557.10 Td (AS to Seadrill Limited on June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (28, 2013. ) Tj ET Q q 0 0 0 rg BT 75.82 545.10 Td (T) Tj ET Q q 0 0 0 rg BT 81.23 545.10 Td (otal consideration for the shares was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.52 545.10 Td ($154.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.41 545.10 Td (, of) Tj ET Q q 0 0 0 rg BT 301.56 545.10 Td (fset by a liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.37 545.10 Td ($288.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.26 545.10 Td ( that we had against these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (subsidiaries before the sales. In relation to this common control transaction, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.20 533.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.09 533.10 Td ( has been recognized as contributed deficit as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.83 521.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.41 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 130.23 521.10 Td (The sales had no cash ef) Tj ET Q q 0 0 0 rg BT 227.51 521.10 Td (fect in the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.08 521.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.66 521.10 Td ( and the net increased liability has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (treated as a drawdown on the increased revolving credit facility provided by Seadrill. ) Tj ET Q q 0 0 0 rg BT 379.03 509.10 Td (The increased revolving facility has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (subsequently been repaid. Please see "Item5. Operating and financial review and prospects - B. Liquidity and Capital Resources - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (Seadrill Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 171.17 485.10 Td (.") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (Recent Developments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (Capital and financing transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.10 Td (On January 28, 2014, we, raised $600 million in senior unsecured notes in a private of) Tj ET Q q 0 0 0 rg BT 416.74 401.10 Td (fering in the United States pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (Rule144A) Tj ET Q q 0 0 0 rg BT 76.56 389.10 Td ( and Reg-S under the Securities ) Tj ET Q q 0 0 0 rg BT 204.86 389.10 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.10 Td (On January 29, 2014, we, completed our initial public of) Tj ET Q q 0 0 0 rg BT 298.44 365.10 Td (fering in the United States by issuing $125 million in new shares and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (commenced trading on the New ) Tj ET Q q 0 0 0 rg BT 165.86 353.10 Td (Y) Tj ET Q q 0 0 0 rg BT 172.08 353.10 Td (ork Stock Exchange under the symbol "NADL." ) Tj ET Q q 0 0 0 rg BT 367.81 353.10 Td (The of) Tj ET Q q 0 0 0 rg BT 394.00 353.10 Td (fering of 13,513,514 common shares was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (priced at $9.25 per share.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 293.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (Business Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 269.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.94 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.02 269.10 Td (an ) Tj ET Q q 0 0 0 rg BT 115.32 269.10 Td (of) Tj ET Q q 0 0 0 rg BT 123.47 269.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 151.33 269.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 183.64 269.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 227.04 269.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 261.01 269.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.88 269.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.40 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.05 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.13 269.10 Td (North ) Tj ET Q q 0 0 0 rg BT 369.69 269.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 404.77 269.10 Td (Region, ) Tj ET Q q 0 0 0 rg BT 439.03 269.10 Td (which ) Tj ET Q q 0 0 0 rg BT 466.33 269.10 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(position ) Tj ET Q q 0 0 0 rg BT 407.77 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.46 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.59 233.10 Td (North ) Tj ET Q q 0 0 0 rg BT 456.41 233.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 490.53 233.10 Td (Region ) Tj ET Q q 0 0 0 rg BT 521.33 233.10 Td (by ) Tj ET Q q 0 0 0 rg BT 533.24 233.10 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 47.06 221.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 80.88 221.10 Td (excellent ) Tj ET Q q 0 0 0 rg BT 120.25 221.10 Td (service ) Tj ET Q q 0 0 0 rg BT 151.84 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.90 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 179.50 221.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 223.33 221.10 Td (with ) Tj ET Q q 0 0 0 rg BT 244.39 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.99 221.10 Td (modern, ) Tj ET Q q 0 0 0 rg BT 297.32 221.10 Td (technologically ) Tj ET Q q 0 0 0 rg BT 362.24 221.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 403.27 221.10 Td 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) Tj ET Q q 0 0 0 rg BT 489.40 197.10 Td (an ) Tj ET Q q 0 0 0 rg BT 501.61 197.10 Td (average ) Tj ET Q q 0 0 0 rg BT 535.47 197.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (term ) Tj ET Q q 0 0 0 rg BT 56.83 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 67.66 185.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 127.91 185.10 Td (2.3 ) Tj ET Q q 0 0 0 rg BT 142.91 185.10 Td (years ) Tj ET Q q 0 0 0 rg BT 166.51 185.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.34 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.17 185.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 246.76 185.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.76 185.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (Our) Tj ET Q q 0 0 0 rg BT 53.60 149.10 Td ( Business Strategies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 120.10 Td (Our primary objective is to profitably grow our business to increase the long-term distributable cash flow per share to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 108.10 Td (shareholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 91.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 74.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 74.10 Td (Our business strategy is to focus our company on modern state-of-the-art of) Tj ET Q q 0 0 0 rg BT 374.80 74.10 Td (fshore drilling units with main focus on harsh ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 62.10 Td (environments and the North ) Tj ET Q q 0 0 0 rg BT 149.87 62.10 Td (Atlantic Basin. ) Tj ET Q q 0 0 0 rg BT 212.18 62.10 Td (W) Tj ET Q q 0 0 0 rg BT 220.81 62.10 Td (e believe we have one of the most modern fleets in this part of the drilling industry and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 50.10 Td (believe that by combining quality assets and experienced and skilled employees we will be able to provide our customers with safe ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (and ef) Tj ET Q q 0 0 0 rg BT 60.53 749.10 Td (fective operations, and establish, develop and maintain a position as a preferred provider of harsh environment drilling services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (for our customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 703.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 703.10 Td (e believe that a combination of quality assets and highly skilled employees will facilitate the procurement of term contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 691.10 Td (and premium daily rates. ) Tj ET Q q 0 0 0 rg BT 137.73 691.10 Td (W) Tj ET Q q 0 0 0 rg BT 146.37 691.10 Td (e believe that the combination of term contracts and quality assets will provide us with the opportunity to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 679.10 Td (obtain attractive debt financing to support further growth and dividend distribution, as well as allow us to increase the return on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 667.10 Td (invested equity) Tj ET Q q 0 0 0 rg BT 96.17 667.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 633.10 Td (The key elements in our strategy are as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 616.10 Td (commitment to provide customers with safe and ef) Tj ET Q q 0 0 0 rg BT 274.82 616.10 Td (fective operations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 601.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 601.10 Td (combine state-of-the-art mobile drilling units with experienced and skilled employees; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (growth through tar) Tj ET Q q 0 0 0 rg BT 146.80 586.10 Td (geted alliances, purchase of newbuildings, mer) Tj ET Q q 0 0 0 rg BT 334.06 586.10 Td (gers and acquisitions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 571.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 571.10 Td (focus and develop our strong position in harsh environments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 537.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 537.10 Td (e also intend to leverage the relationships, expertise and reputation of Seadrill to re-contract our fleet under long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 525.10 Td (contracts and to identify opportunities to expand our fleet through newbuildings and selective acquisitions. Seadrill is one of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 513.10 Td (world) Tj ET Q q 0 0 0 rg BT 62.11 513.10 Td (s lar) Tj ET Q q 0 0 0 rg BT 78.87 513.10 Td (gest international of) Tj ET Q q 0 0 0 rg BT 158.66 513.10 Td (fshore drilling contractors, and we believe that Seadrill, which owns approximately 70% of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 501.10 Td (outstanding common shares, as of the date of this ) Tj ET Q q 0 0 0 rg BT 235.41 501.10 Td (Annual Report, is motivated to facilitate our growth because of its significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 489.10 Td (ownership interest in us.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 36.00 455.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 455.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 455.10 Td (e believe that consolidation in the of) Tj ET Q q 0 0 0 rg BT 225.97 455.10 Td (fshore drilling rig industry would improve the pricing and earnings visibility for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 443.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 73.03 443.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.66 443.10 Td (e actively look for growth opportunities and intend to take part in the future consolidation of our industry if we determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 431.10 Td (that potential transactions are in the best interest of our shareholders. Such consolidation activities may be in the form of transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 419.10 Td (for specific of) Tj ET Q q 0 0 0 rg BT 91.90 419.10 Td (fshore drilling units or companies. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 378.10 Td (Market Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 354.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 354.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 354.10 Td (e operate within the harsh environment segment of the of) Tj ET Q q 0 0 0 rg BT 309.00 354.10 Td (fshore drilling market, which constitutes a part of the international ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 342.10 Td (oil and gas service industry) Tj ET Q q 0 0 0 rg BT 144.77 342.10 Td (. Our fleet of nine harsh environment of) Tj ET Q q 0 0 0 rg BT 303.98 342.10 Td (fshore drilling rigs consists of four semi-submersible rigs, one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 330.10 Td (ultra-deepwater drillship, three jack-up rigs, and a contract for the construction of one additional semi- submersible rig. ) Tj ET Q q 0 0 0 rg BT 515.66 330.10 Td (While we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 318.10 Td (currently operate exclusively in Norway and the United Kingdom, we intend to pursue harsh environment drilling operating in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 306.10 Td (locations in the North ) Tj ET Q q 0 0 0 rg BT 124.88 306.10 Td (Atlantic Region in the future. ) Tj ET Q q 0 0 0 rg BT 244.67 306.10 Td (The North ) Tj ET Q q 0 0 0 rg BT 287.99 306.10 Td (Atlantic Region has historically of) Tj ET Q q 0 0 0 rg BT 425.56 306.10 Td (fered long-term contracts, high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 294.10 Td (utilization and competitive dayrates compared to the international of) Tj ET Q q 0 0 0 rg BT 309.61 294.10 Td (fshore drilling market for similar drilling rigs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 271.30 Td (The global fleet of drilling units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 247.30 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 247.30 Td (The global fleet of of) Tj ET Q q 0 0 0 rg BT 156.79 247.30 Td (fshore drilling units consists of drillships, semi-submersible rigs, jack-up rigs and tender rigs. ) Tj ET Q q 0 0 0 rg BT 532.66 247.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 235.30 Td (existing world wide fleet as at March 18, 2014 totals 875 units including 101 drillships, 218 semi-submersible rigs, 516 jack-up rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 223.30 Td (and 40 tender rigs. In addition, there are 73 drillships, 140 jack-up rigs, 27 semi-submersible rigs and 12 tender rigs under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 211.30 Td (construction. ) Tj ET Q q 0 0 0 rg BT 90.25 211.30 Td (The water depth capacities for the various drilling rig types depend on rig specifications, capabilities and equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 199.30 Td (outfitting. Jack-up rigs normally work in water depths up to 450ft while semi-submersible rigs and drillships can work in water depths ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 187.30 Td (up to 12,000ft and tender rigs work in water depths up to 410ft for tender bar) Tj ET Q q 0 0 0 rg BT 344.08 187.30 Td (ges and up to 6,000ft for semi-tenders. ) Tj ET Q q 0 0 0 rg BT 500.43 187.30 Td (All of) Tj ET Q q 0 0 0 rg BT 523.86 187.30 Td (fshore rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 175.30 Td (are capable of working in benign environment but there are certain additional requirements for rigs to operate in harsh environments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 163.30 Td (due to extreme marine and climatic conditions, as well as, temperatures. ) Tj ET Q q 0 0 0 rg BT 326.83 163.30 Td (The number of units outfitted for such operations are limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 151.30 Td (and the present number of rigs operating in harsh environment totals 41 units. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 115.30 Td (Seasonality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 91.30 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 91.30 Td (In general, seasonal factors do not have a significant direct ef) Tj ET Q q 0 0 0 rg BT 317.00 91.30 Td (fect on our business as most of our drilling units are contracted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 79.30 Td (for periods of at least 12 months. However) Tj ET Q q 0 0 0 rg BT 206.67 79.30 Td (, the weather conditions during parts of the year could adversely impact the operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 67.30 Td (utilization of the rigs and our ability to relocate rigs between drilling locations, and as such, limit contract opportunities in the short ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 55.30 Td (term. Such adverse weather could include the winter season in of) Tj ET Q q 0 0 0 rg BT 296.01 55.30 Td (fshore Norway) Tj ET Q q 0 0 0 rg BT 355.06 55.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Our) Tj ET Q q 0 0 0 rg BT 89.60 749.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.10 749.25 Td (Fleet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 725.25 Td (Our fleet of nine harsh environment of) Tj ET Q q 0 0 0 rg BT 220.21 725.25 Td (fshore drilling rigs consists of four semi-submersibles, one ultra-deepwater drillship, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (three jack-up rigs, and a contract for the construction of one additional drilling rig, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.39 713.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.80 713.25 Td (est Rigel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.51 713.25 Td (The following table sets forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (certain information regarding our drilling rigs as of the date of this ) Tj ET Q q 0 0 0 rg BT 304.26 701.25 Td (Annual Report: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 619.75 274.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 619.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 619.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 619.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 619.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 589.75 274.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 589.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 589.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 589.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 589.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 559.75 274.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 559.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 559.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 559.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 559.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 523.75 274.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 523.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 487.75 274.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 487.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 487.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 487.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 487.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 457.75 274.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 457.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 457.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 457.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 457.75 86.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 638.98 Td (Drilling Rig) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.60 638.98 Td (Y) Tj ET Q q 0 0 0 rg BT 326.49 638.98 Td (ear) Tj ET Q q 0 0 0 rg BT 337.45 638.98 Td (Built) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.34 638.98 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.40 662.98 Td (W) Tj ET Q q 0 0 0 rg BT 395.96 662.98 Td (ater) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.55 654.98 Td (Depth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.65 646.98 Td (Capacity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 638.98 Td (\(in feet\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.18 638.98 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.65 662.98 Td (Drilling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.55 654.98 Td (Depth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.65 646.98 Td (Capacity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 638.98 Td (\(in feet\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.18 638.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.65 638.98 Td (Contract) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.31 638.98 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 38 622.86259765625 m 72.9853515625 622.86259765625 l s q 0 0 0 rg BT 38.00 624.43 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 624.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 624.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 624.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 624.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 609.43 Td (Semi-Submersibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 609.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 609.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 609.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 609.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 594.46 Td (West Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 594.42 Td (2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.25 594.42 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 594.42 Td (30,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.80 594.21 Td (Total) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 579.46 Td (West Venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 579.42 Td (2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.75 579.42 Td (2,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 579.42 Td (30,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.20 579.21 Td (Statoil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 564.46 Td (West Alpha) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 564.42 Td (1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.75 564.42 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 564.42 Td (23,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.20 564.21 Td (ExxonMobil) Tj ET Q BT /F3 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 38.00 556.40 56.75 -9.10 re f /GS0 gs q 0 0 0 rg BT 38.00 549.46 Td (W) Tj ET Q q 0 0 0 rg BT 45.41 549.46 Td (est Her) Tj ET Q q 0 0 0 rg BT 74.20 549.46 Td (cules) Tj ET Q BT /F3 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 94.75 560.93 7.58 -9.10 re f /GS0 gs BT /F3 6.50 Tf ET q 0 0 0 rg BT 94.75 553.99 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 549.42 Td (2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.25 549.42 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 549.42 Td (35,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.20 549.21 Td (Statoil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 534.46 Td (W) Tj ET Q q 0 0 0 rg BT 45.41 534.46 Td (est Rigel) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 80.12 538.99 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.85 534.42 Td (Q22015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 352.57 538.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.25 534.42 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 534.42 Td (40,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.45 534.21 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 513.43 Td (Drillship) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 513.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 513.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 513.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.00 513.21 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 498.46 Td (West Navigator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 498.42 Td (2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.75 498.42 Td (7,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 498.42 Td (35,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.25 498.21 Td (Shell/Centrica) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 38 475.86259765625 m 76.3447265625 475.86259765625 l s q 0 0 0 rg BT 38.00 477.43 Td (Jack-ups) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 477.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 477.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 477.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.00 477.21 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 462.46 Td (West Epsilon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 462.42 Td (1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 462.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 462.42 Td (30,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.20 462.21 Td (Statoil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 447.46 Td (West Elara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 447.42 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 447.42 Td (450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 447.42 Td (40,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.20 447.21 Td (Statoil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 432.46 Td (W) Tj ET Q q 0 0 0 rg BT 45.41 432.46 Td (est Linus) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 81.25 436.99 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 432.42 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 432.42 Td (450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 432.42 Td (40,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.20 432.21 Td (ConocoPhillips) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 416.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.50 416.25 Td (_____________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 380.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 66.00 380.25 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 84.05 380.25 Td (W) Tj ET Q q 0 0 0 rg BT 91.46 380.25 Td (est Her) Tj ET Q q 0 0 0 rg BT 120.25 380.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.79 380.25 Td ( is owned by a wholly-owned subsidiary of Ship Finance, a related party) Tj ET Q q 0 0 0 rg BT 429.80 380.25 Td (, and is controlled by Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 368.25 Td (through a bareboat charter agreement that expires in 2023. ) Tj ET Q q 0 0 0 rg BT 301.83 368.25 Td (W) Tj ET Q q 0 0 0 rg BT 310.47 368.25 Td (e continue to operate and manage the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.80 368.25 Td (W) Tj ET Q q 0 0 0 rg BT 469.21 368.25 Td (est Her) Tj ET Q q 0 0 0 rg BT 498.00 368.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.54 368.25 Td ( while it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 356.25 Td (employed under the drilling contract with Statoil. ) Tj ET Q q 0 0 0 rg BT 265.78 356.25 Td (W) Tj ET Q q 0 0 0 rg BT 274.41 356.25 Td (e simultaneously entered into an agreement with Seadrill to transfer the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 344.25 Td (Statoil drilling contract from us to Seadrill ef) Tj ET Q q 0 0 0 rg BT 246.06 344.25 Td (fective from November1, 2013. See Item 7. Major Shareholders and Related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 332.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 89.43 332.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.18 332.25 Td (ransactions-B. Related Party ) Tj ET Q q 0 0 0 rg BT 211.64 332.25 Td (T) Tj ET Q q 0 0 0 rg BT 217.40 332.25 Td (ransactions-Operation and Management of the ) Tj ET Q q 0 0 0 rg BT 405.20 332.25 Td (W) Tj ET Q q 0 0 0 rg BT 413.84 332.25 Td (est Hercules. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 320.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 66.00 320.25 Td (Rig under construction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 308.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 66.00 308.25 Td (Expected delivery) Tj ET Q q 0 0 0 rg BT 137.82 308.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 296.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 66.00 296.25 Td (Pursuant to a sale and leaseback agreement, we have sold the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.13 296.25 Td (W) Tj ET Q q 0 0 0 rg BT 320.54 296.25 Td (est Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.38 296.25 Td ( to Ship Finance, and the rig will be chartered back to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 284.25 Td (us on a bareboat charter for a period of 15 years from its delivery date on February 18, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.50 260.25 Td (In ) Tj ET Q q 0 0 0 rg BT 85.33 260.25 Td (June ) Tj ET Q q 0 0 0 rg BT 106.16 260.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 131.16 260.25 Td (we ) Tj ET Q q 0 0 0 rg BT 145.32 260.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 177.24 260.25 Td (into ) Tj ET Q q 0 0 0 rg BT 195.30 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 202.24 260.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 244.17 260.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 262.22 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.16 260.25 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 320.52 260.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 372.99 260.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 409.93 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.21 260.25 Td (which ) Tj ET Q q 0 0 0 rg BT 447.15 260.25 Td (we ) Tj ET Q q 0 0 0 rg BT 461.31 260.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 480.48 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.19 260.25 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 547.69 260.25 Td (rig, ) Tj ET Q q 0 0 0 rg BT 563.80 260.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 248.25 Td (W) Tj ET Q q 0 0 0 rg BT 43.41 248.25 Td (est ) Tj ET Q q 0 0 0 rg BT 57.09 248.25 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.32 248.25 Td (, ) Tj ET Q q 0 0 0 rg BT 84.40 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.75 248.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 115.66 248.25 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 152.39 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 159.40 248.25 Td (related ) Tj ET Q q 0 0 0 rg BT 189.17 248.25 Td (party) Tj ET Q q 0 0 0 rg BT 209.07 248.25 Td (. ) Tj ET Q q 0 0 0 rg BT 214.14 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 216.53 248.25 Td (The ) Tj ET Q q 0 0 0 rg BT 234.65 248.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 266.66 248.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 280.34 248.25 Td (is ) Tj ET Q q 0 0 0 rg BT 289.59 248.25 Td (chartered ) Tj ET Q q 0 0 0 rg BT 329.35 248.25 Td (back ) Tj ET Q q 0 0 0 rg BT 350.80 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 361.15 248.25 Td (us ) Tj ET Q q 0 0 0 rg BT 372.61 248.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.19 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 392.20 248.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 429.19 248.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 459.52 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.75 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 480.76 248.25 Td (period ) Tj ET Q q 0 0 0 rg BT 508.88 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.78 248.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 532.36 248.25 Td (years ) Tj ET Q q 0 0 0 rg BT 556.03 248.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 236.25 Td (its ) Tj ET Q q 0 0 0 rg BT 48.00 236.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 83.31 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.64 236.25 Td (us ) Tj ET Q q 0 0 0 rg BT 105.08 236.25 Td (from ) Tj ET Q q 0 0 0 rg BT 127.07 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.84 236.25 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 178.83 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.16 236.25 Td (February ) Tj ET Q q 0 0 0 rg BT 227.81 236.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 252.86 236.25 Td (In ) Tj ET Q q 0 0 0 rg BT 263.74 236.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 311.25 236.25 Td (with ) Tj ET Q q 0 0 0 rg BT 331.58 236.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 378.00 236.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 419.98 236.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 459.73 236.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 497.26 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 507.58 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.35 236.25 Td (United ) Tj ET Q q 0 0 0 rg BT 552.12 236.25 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.19 224.25 Td (America ) Tj ET Q q 0 0 0 rg BT 83.01 224.25 Td (\("U.S. ) Tj ET Q q 0 0 0 rg BT 110.60 224.25 Td (GAAP"\), ) Tj ET Q q 0 0 0 rg BT 150.13 224.25 Td (we ) Tj ET Q q 0 0 0 rg BT 164.18 224.25 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 212.11 224.25 Td (SFL) Tj ET Q q 0 0 0 rg BT 228.97 224.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.36 224.25 Td (Linus ) Tj ET Q q 0 0 0 rg BT 256.53 224.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 277.81 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.42 224.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 313.15 224.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 347.20 224.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 390.70 224.25 Td (that ) Tj ET Q q 0 0 0 rg BT 408.09 224.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 431.59 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.20 224.25 Td (rig, ) Tj ET Q q 0 0 0 rg BT 462.20 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 472.37 224.25 Td (our ) Tj ET Q q 0 0 0 rg BT 488.09 224.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 541.02 224.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 212.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 83.21 212.25 Td (See ) Tj ET Q q 0 0 0 rg BT 100.15 212.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 125.41 212.25 Td (7. ) Tj ET Q q 0 0 0 rg BT 135.41 212.25 Td (Major ) Tj ET Q q 0 0 0 rg BT 162.35 212.25 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 217.06 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.00 212.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 267.04 212.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 290.47 212.25 Td (T) Tj ET Q q 0 0 0 rg BT 296.22 212.25 Td (ransactions-B. ) Tj ET Q q 0 0 0 rg BT 356.21 212.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 389.25 212.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 412.68 212.25 Td (T) Tj ET Q q 0 0 0 rg BT 418.44 212.25 Td (ransactions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 188.25 Td (Employment ) Tj ET Q q 0 0 0 rg BT 129.50 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.33 188.25 Td (Our) Tj ET Q q 0 0 0 rg BT 157.93 188.25 Td ( ) Tj ET Q q 0 0 0 rg BT 160.43 188.25 Td (Fleet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 164.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.29 164.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 133.58 164.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 164.09 164.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 204.04 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.11 164.25 Td (major ) Tj ET Q q 0 0 0 rg BT 241.17 164.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 283.89 164.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 297.19 164.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 342.69 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.87 164.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 411.48 164.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 424.77 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.95 164.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 458.02 164.25 Td (producers. ) Tj ET Q q 0 0 0 rg BT 502.49 164.25 Td (W) Tj ET Q q 0 0 0 rg BT 511.12 164.25 Td (e ) Tj ET Q q 0 0 0 rg BT 518.30 164.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 557.13 164.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 152.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 73.49 152.25 Td (with ) Tj ET Q q 0 0 0 rg BT 92.66 152.25 Td (Statoil, ) Tj ET Q q 0 0 0 rg BT 122.67 152.25 Td (ConocoPhillips, ) Tj ET Q q 0 0 0 rg BT 188.24 152.25 Td (Shell, ) Tj ET Q q 0 0 0 rg BT 212.69 152.25 Td (Centrica, ) Tj ET Q q 0 0 0 rg BT 250.35 152.25 Td (T) Tj ET Q q 0 0 0 rg BT 255.76 152.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 272.15 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.98 152.25 Td (ExxonMobil, ) Tj ET Q q 0 0 0 rg BT 342.44 152.25 Td (including ) Tj ET Q q 0 0 0 rg BT 381.60 152.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 410.20 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.92 152.25 Td (their ) Tj ET Q q 0 0 0 rg BT 439.64 152.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 488.25 152.25 Td (that ) Tj ET Q q 0 0 0 rg BT 504.64 152.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.24 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 532.97 152.25 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 128.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.93 128.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 124.52 128.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 158.55 128.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 194.26 128.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 213.86 128.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 270.68 128.25 Td (only) Tj ET Q q 0 0 0 rg BT 287.81 128.25 Td (, ) Tj ET Q q 0 0 0 rg BT 292.69 128.25 Td (which ) Tj ET Q q 0 0 0 rg BT 319.51 128.25 Td (are ) Tj ET Q q 0 0 0 rg BT 334.10 128.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 382.57 128.25 Td (by ) Tj ET Q q 0 0 0 rg BT 394.95 128.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 423.44 128.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 455.26 128.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 495.71 128.25 Td (As ) Tj ET Q q 0 0 0 rg BT 509.21 128.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.92 128.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 116.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 116.25 Td (, ) Tj ET Q q 0 0 0 rg BT 60.63 116.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.08 116.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 110.41 116.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 144.19 116.25 Td (was ) Tj ET Q q 0 0 0 rg BT 161.87 116.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 221.75 116.25 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 241.38 116.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 269.62 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.18 116.25 Td (was ) Tj ET Q q 0 0 0 rg BT 303.86 116.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 351.52 116.25 Td (to ) Tj ET Q q 0 0 0 rg BT 361.42 116.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 399.09 116.25 Td (we ) Tj ET Q q 0 0 0 rg BT 412.87 116.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 441.09 116.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.99 116.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 486.98 116.25 Td (from ) Tj ET Q q 0 0 0 rg BT 508.55 116.25 Td (all ) Tj ET Q q 0 0 0 rg BT 520.67 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.12 116.25 Td (our ) Tj ET Q q 0 0 0 rg BT 546.58 116.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 104.25 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 56.04 104.25 Td (W) Tj ET Q q 0 0 0 rg BT 64.68 104.25 Td (e ) Tj ET Q q 0 0 0 rg BT 71.85 104.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 110.12 104.25 Td (our ) Tj ET Q q 0 0 0 rg BT 126.18 104.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 161.12 104.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 195.51 104.25 Td (by ) Tj ET Q q 0 0 0 rg BT 208.25 104.25 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 257.66 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.61 104.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 319.77 104.25 Td (daily ) Tj ET Q q 0 0 0 rg BT 342.50 104.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 360.22 104.25 Td (by ) Tj ET Q q 0 0 0 rg BT 372.96 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.91 104.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 429.54 104.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 467.81 104.25 Td (number ) Tj ET Q q 0 0 0 rg BT 501.09 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.16 104.25 Td (days ) Tj ET Q q 0 0 0 rg BT 533.23 104.25 Td (committed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 92.25 Td (under ) Tj ET Q q 0 0 0 rg BT 60.98 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.41 92.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 113.71 92.25 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 158.69 92.25 Td (options ) Tj ET Q q 0 0 0 rg BT 190.35 92.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.33 92.25 Td (extend\), ) Tj ET Q q 0 0 0 rg BT 235.03 92.25 Td (assuming ) Tj ET Q q 0 0 0 rg BT 275.02 92.25 Td (full ) Tj ET Q q 0 0 0 rg BT 291.12 92.25 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 336.22 92.25 Td (The ) Tj ET Q q 0 0 0 rg BT 353.97 92.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 380.06 92.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 412.26 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.80 92.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 460.55 92.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 489.41 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.06 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.49 92.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 546.57 92.25 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 80.25 Td (during ) Tj ET Q q 0 0 0 rg BT 64.60 80.25 Td (which ) Tj ET Q q 0 0 0 rg BT 91.53 80.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 129.56 80.25 Td (are ) Tj ET Q q 0 0 0 rg BT 144.26 80.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 173.40 80.25 Td (may ) Tj ET Q q 0 0 0 rg BT 193.10 80.25 Td (dif) Tj ET Q q 0 0 0 rg BT 204.03 80.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 217.62 80.25 Td (from ) Tj ET Q q 0 0 0 rg BT 239.55 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.26 80.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 290.64 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.57 80.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 339.50 80.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 368.10 80.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.37 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.08 80.25 Td (table ) Tj ET Q q 0 0 0 rg BT 415.01 80.25 Td (below ) Tj ET Q q 0 0 0 rg BT 441.94 80.25 Td (due ) Tj ET Q q 0 0 0 rg BT 458.87 80.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 471.64 80.25 Td (for ) Tj ET Q q 0 0 0 rg BT 485.79 80.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 524.65 80.25 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 561.58 80.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 68.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 89.03 68.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 125.68 68.25 Td (downtime ) Tj ET Q q 0 0 0 rg BT 168.18 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.12 68.25 Td (other ) Tj ET Q q 0 0 0 rg BT 208.16 68.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 237.87 68.25 Td (that ) Tj ET Q q 0 0 0 rg BT 255.37 68.25 Td (result ) Tj ET Q q 0 0 0 rg BT 280.08 68.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.36 68.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 315.63 68.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 353.67 68.25 Td (than ) Tj ET Q q 0 0 0 rg BT 373.38 68.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.21 68.25 Td (average ) Tj ET Q q 0 0 0 rg BT 422.80 68.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 457.50 68.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 491.65 68.25 Td (per ) Tj ET Q q 0 0 0 rg BT 506.92 68.25 Td (day) Tj ET Q q 0 0 0 rg BT 520.71 68.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.31 749.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 116.95 749.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 149.71 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.81 749.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.11 749.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 228.52 749.10 Td (may ) Tj ET Q q 0 0 0 rg BT 248.51 749.10 Td (also ) Tj ET Q q 0 0 0 rg BT 267.38 749.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 305.13 749.10 Td (due ) Tj ET Q q 0 0 0 rg BT 322.33 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.88 749.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 355.08 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.18 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.16 749.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 417.24 749.10 Td (being ) Tj ET Q q 0 0 0 rg BT 442.22 749.10 Td (received ) Tj ET Q q 0 0 0 rg BT 478.85 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.40 749.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 536.59 749.10 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 567.68 749.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 69.08 737.10 Td (Sterling, ) Tj ET Q q 0 0 0 rg BT 106.88 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.84 737.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 137.18 737.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.51 737.10 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 206.68 737.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 228.64 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.05 737.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 262.01 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.97 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.81 737.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 326.76 737.10 Td (are ) Tj ET Q q 0 0 0 rg BT 342.59 737.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 377.32 737.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.73 737.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 436.78 737.10 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 468.73 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 480.69 737.10 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 513.77 737.10 Td (Sterling, ) Tj ET Q q 0 0 0 rg BT 551.57 737.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 96.90 725.10 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 148.37 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.29 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.65 725.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.79 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.26 725.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 267.38 725.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 306.63 725.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 326.99 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.91 725.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 385.48 725.10 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 416.95 725.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.42 725.10 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 461.02 725.10 Td (Sterling. ) Tj ET Q q 0 0 0 rg BT 497.63 725.10 Td (As ) Tj ET Q q 0 0 0 rg BT 511.89 725.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.47 725.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 547.33 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 563.80 725.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 83.56 713.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 108.36 713.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 149.25 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.61 713.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 179.98 713.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 209.77 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 219.02 713.10 Td (minimally ) Tj ET Q q 0 0 0 rg BT 262.71 713.10 Td (af) Tj ET Q q 0 0 0 rg BT 270.30 713.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 297.31 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.89 713.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 347.44 713.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 397.24 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 409.82 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.83 713.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 456.63 713.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 479.21 713.10 Td (even ) Tj ET Q q 0 0 0 rg BT 500.67 713.10 Td (though ) Tj ET Q q 0 0 0 rg BT 531.02 713.10 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 74.45 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.25 701.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 129.14 701.10 Td (may ) Tj ET Q q 0 0 0 rg BT 148.71 701.10 Td (be ) Tj ET Q q 0 0 0 rg BT 160.51 701.10 Td (af) Tj ET Q q 0 0 0 rg BT 168.10 701.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 194.88 701.10 Td (individually) Tj ET Q q 0 0 0 rg BT 242.56 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 247.41 701.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 294.20 701.10 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 324.87 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.56 701.10 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 367.37 701.10 Td (Sterling ) Tj ET Q q 0 0 0 rg BT 401.39 701.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 439.29 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.97 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 476.21 701.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 510.77 701.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 544.77 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 561.56 701.10 Td (day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 52.87 689.10 Td (information ) Tj ET Q q 0 0 0 rg BT 101.96 689.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 139.39 689.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 185.16 689.10 Td (this ) Tj ET Q q 0 0 0 rg BT 201.49 689.10 Td (document ) Tj ET Q q 0 0 0 rg BT 242.80 689.10 Td (have ) Tj ET Q q 0 0 0 rg BT 263.56 689.10 Td (been ) Tj ET Q q 0 0 0 rg BT 284.32 689.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 325.62 689.10 Td (into ) Tj ET Q q 0 0 0 rg BT 343.06 689.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 362.73 689.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 391.82 689.10 Td (using ) Tj ET Q q 0 0 0 rg BT 415.37 689.10 Td (an ) Tj ET Q q 0 0 0 rg BT 426.69 689.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 466.33 689.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 483.20 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.41 689.10 Td (USD ) Tj ET Q q 0 0 0 rg BT 515.29 689.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 527.18 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.83 689.10 Td (NOK6.00 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.87 677.10 Td (GBP1.00 ) Tj ET Q q 0 0 0 rg BT 92.25 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.46 677.10 Td (USD ) Tj ET Q q 0 0 0 rg BT 124.90 677.10 Td ($1.50, ) Tj ET Q q 0 0 0 rg BT 152.33 677.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 199.99 677.10 Td (. ) Tj ET Q q 0 0 0 rg BT 204.92 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 215.68 677.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 253.38 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 267.48 677.10 Td (may ) Tj ET Q q 0 0 0 rg BT 287.12 677.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 309.54 677.10 Td (into ) Tj ET Q q 0 0 0 rg BT 327.53 677.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 359.40 677.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 397.92 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 415.35 677.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 447.21 677.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 473.54 677.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 514.29 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.50 677.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 553.03 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.79 677.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 61.83 665.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 84.32 665.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 101.81 665.10 Td (if ) Tj ET Q q 0 0 0 rg BT 110.41 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 124.57 665.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 146.51 665.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 176.21 665.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 205.36 665.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 252.84 665.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 295.88 665.10 Td (under ) Tj ET Q q 0 0 0 rg BT 321.15 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.86 665.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 379.45 665.10 Td (contract. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 641.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 109.76 641.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 166.70 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.20 641.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 223.35 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.18 641.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 273.88 641.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 308.04 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 318.87 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.70 641.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 388.28 641.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.28 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.78 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 425.49 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 436.32 641.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.00 560.60 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 560.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 560.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 560.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 560.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 560.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 560.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.00 532.60 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 532.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 532.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 532.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 532.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 532.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 532.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.00 494.60 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 494.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 494.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 494.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 494.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 494.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 494.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.00 466.60 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 466.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 466.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 466.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 466.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 466.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 466.60 79.00 -14.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.50 564.83 Td (Drilling Rig) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.65 572.83 Td (Contracted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 154.85 564.83 Td (Location) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.07 564.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.60 564.83 Td (Customer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.37 564.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.15 572.83 Td (Contract) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.70 564.83 Td (Backlog) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.26 564.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.80 572.83 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.35 564.83 Td (Daily Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.56 564.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 572.83 Td (Contract Start) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.00 564.83 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.99 564.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.65 580.83 Td (Earliest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.55 572.83 Td (Expiration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.00 564.83 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.99 564.83 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 551.16 Td (West Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.25 551.17 Td (UnitedKingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.25 551.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.80 551.17 Td ($248 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.75 551.17 Td ($453,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.20 551.17 Td (January 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.55 551.17 Td (June 2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 537.16 Td (West Venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.85 537.17 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 537.17 Td (Statoil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.80 537.17 Td ($255million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.75 537.17 Td ($441,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 537.17 Td (August 2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.40 537.17 Td (July 2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 523.16 Td (West Alpha) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.15 523.17 Td (Norway/Russia) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 221.40 530.10 50.56 -9.09 re f /GS0 gs q 0 0 0 rg BT 221.40 523.17 Td (ExxonMobil) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 271.96 534.63 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 271.96 527.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 530.10 51.39 -9.09 re f /GS0 gs q 0 0 0 rg BT 297.00 523.17 Td ($501million) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 348.39 534.63 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 348.39 527.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 366.95 530.10 37.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 366.95 523.17 Td ($531,822) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 404.45 534.63 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 404.45 527.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.20 523.17 Td (January 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.40 523.17 Td (July 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 499.31 Td (West Navigator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.85 499.27 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.20 509.17 Td (Shell) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.55 499.17 Td (Centrica) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.55 509.17 Td ($164million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.05 499.17 Td ($ 43 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.75 509.17 Td ($602,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.75 499.17 Td ($620,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.20 509.17 Td (January 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 499.17 Td (October 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.35 509.17 Td (September2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.20 499.17 Td (December2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 485.16 Td (West Epsilon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.85 485.17 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 485.17 Td (Statoil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.55 485.17 Td ($ 312million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.75 485.17 Td ($285,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.20 485.17 Td (December 2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.20 485.17 Td (December 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 471.16 Td (West Elara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.85 471.17 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 471.17 Td (Statoil) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 259.76 475.70 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.55 471.17 Td ($ 423 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.75 471.17 Td ($359,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.70 471.17 Td (March 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.70 471.17 Td (March 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 457.16 Td (W) Tj ET Q q 0 0 0 rg BT 45.91 457.16 Td (est Linus ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 84.25 461.69 Td (\(4\),\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.85 457.17 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 215.85 464.10 61.67 -9.09 re f /GS0 gs q 0 0 0 rg BT 215.85 457.17 Td (ConocoPhillips) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 277.52 468.63 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 277.52 461.70 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 464.10 51.39 -9.09 re f /GS0 gs q 0 0 0 rg BT 297.00 457.17 Td ($685million) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 348.39 468.63 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 348.39 461.70 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 366.95 464.10 37.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 366.95 457.17 Td ($375,073) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 404.45 468.63 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 404.45 461.70 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 457.17 Td (April 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 457.17 Td (April 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.50 443.16 Td (W) Tj ET Q q 0 0 0 rg BT 45.91 443.16 Td (est Her) Tj ET Q q 0 0 0 rg BT 74.70 443.16 Td (cules) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 95.25 447.69 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.85 443.17 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 443.17 Td (Statoil) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 259.76 447.70 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.60 443.17 Td ($ 0 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 348.10 447.70 Td ( \(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.75 443.17 Td ($497,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.20 443.17 Td (January 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.20 443.17 Td (January 2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 427.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.50 427.10 Td (_____________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 412.10 Td (For ) Tj ET Q q 0 0 0 rg BT 87.95 412.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.34 412.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 134.84 412.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 151.90 412.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 191.73 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.56 412.10 Td (Norway) Tj ET Q q 0 0 0 rg BT 233.13 412.10 Td (, ) Tj ET Q q 0 0 0 rg BT 237.69 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.96 412.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 287.34 412.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 311.06 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.90 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.18 412.10 Td (table ) Tj ET Q q 0 0 0 rg BT 356.67 412.10 Td (above ) Tj ET Q q 0 0 0 rg BT 382.61 412.10 Td (include ) Tj ET Q q 0 0 0 rg BT 414.10 412.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 466.43 412.10 Td (ef) Tj ET Q q 0 0 0 rg BT 474.02 412.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 503.28 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.78 412.10 Td (July1, ) Tj ET Q q 0 0 0 rg BT 553.51 412.10 Td (2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 400.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 72.08 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.50 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.35 400.10 Td (NR ) Tj ET Q q 0 0 0 rg BT 110.88 400.10 Td (\(Nor) Tj ET Q q 0 0 0 rg BT 129.58 400.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 144.55 400.10 Td (Rederiforbund\) ) Tj ET Q q 0 0 0 rg BT 207.84 400.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 224.31 400.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 231.78 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.86 400.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 283.93 400.10 Td (of) Tj ET Q q 0 0 0 rg BT 292.08 400.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 318.71 400.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 353.13 400.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 369.60 400.10 Td (f. ) Tj ET Q q 0 0 0 rg BT 376.95 400.10 Td (The ) Tj ET Q q 0 0 0 rg BT 394.14 400.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 415.77 400.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 432.40 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.70 400.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 459.56 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 466.97 400.10 Td (est ) Tj ET Q q 0 0 0 rg BT 479.72 400.10 Td (Phoenix,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.98 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.62 400.10 Td (which ) Tj ET Q q 0 0 0 rg BT 542.70 400.10 Td (operates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 45.65 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 59.73 388.10 Td (United ) Tj ET Q q 0 0 0 rg BT 88.82 388.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 130.97 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.51 388.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 169.70 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.35 388.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 207.87 388.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 224.73 388.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 262.70 388.10 Td (based ) Tj ET Q q 0 0 0 rg BT 287.34 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.21 388.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 333.29 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.93 388.10 Td (indices ) Tj ET Q q 0 0 0 rg BT 373.13 388.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 404.98 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.29 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.38 388.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 460.03 388.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 509.10 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.30 388.10 Td (Labor) Tj ET Q q 0 0 0 rg BT 542.78 388.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.15 388.10 Td (Bureau ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 376.10 Td (Labor ) Tj ET Q q 0 0 0 rg BT 73.21 376.10 Td (Statistics. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 352.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 71.00 352.10 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 124.11 352.10 Td (has ) Tj ET Q q 0 0 0 rg BT 139.99 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.75 352.10 Td (option ) Tj ET Q q 0 0 0 rg BT 182.86 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.19 352.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 222.40 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.16 352.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 271.92 352.10 Td (until ) Tj ET Q q 0 0 0 rg BT 292.24 352.10 Td (August ) Tj ET Q q 0 0 0 rg BT 323.68 352.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 346.23 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 358.78 352.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 395.76 352.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 420.53 352.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 443.08 352.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 470.06 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.39 352.10 Td (us ) Tj ET Q q 0 0 0 rg BT 491.83 352.10 Td (before ) Tj ET Q q 0 0 0 rg BT 519.92 352.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 340.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 316.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 71.00 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.45 316.10 Td (average ) Tj ET Q q 0 0 0 rg BT 123.43 316.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 170.75 316.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 193.65 316.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 211.53 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 221.10 316.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 264.53 316.10 Td (based ) Tj ET Q q 0 0 0 rg BT 290.20 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 303.10 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.22 316.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 356.65 316.10 Td (number ) Tj ET Q q 0 0 0 rg BT 390.10 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.33 316.10 Td (days ) Tj ET Q q 0 0 0 rg BT 422.56 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.67 316.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 451.68 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 470.14 316.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 502.46 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.14 316.10 Td (each ) Tj ET Q q 0 0 0 rg BT 534.36 316.10 Td (contracted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 304.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 108.58 304.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 143.65 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.96 304.10 Td (Russia, ) Tj ET Q q 0 0 0 rg BT 192.99 304.10 Td (which ) Tj ET Q q 0 0 0 rg BT 220.30 304.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.83 304.10 Td (at ) Tj ET Q q 0 0 0 rg BT 239.91 304.10 Td (ExxonMobil) Tj ET Q q 0 0 0 rg BT 293.25 304.10 Td (s ) Tj ET Q q 0 0 0 rg BT 300.01 304.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 344.80 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.11 304.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 399.96 304.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 437.81 304.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 464.57 304.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 505.76 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.96 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.26 304.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 567.68 304.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 292.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 86.83 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.66 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.38 292.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 134.87 292.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 154.86 292.10 Td (which ) Tj ET Q q 0 0 0 rg BT 181.80 292.10 Td (are ) Tj ET Q q 0 0 0 rg BT 196.50 292.10 Td (based ) Tj ET Q q 0 0 0 rg BT 221.77 292.10 Td (on ) Tj ET Q q 0 0 0 rg BT 234.27 292.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 263.97 292.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 317.00 292.10 Td (criteria. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 268.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 71.00 268.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 99.04 268.10 Td (has ) Tj ET Q q 0 0 0 rg BT 114.29 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.44 268.10 Td (option ) Tj ET Q q 0 0 0 rg BT 155.92 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.62 268.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 194.20 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.34 268.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 242.47 268.10 Td (until ) Tj ET Q q 0 0 0 rg BT 262.73 268.10 Td (March ) Tj ET Q q 0 0 0 rg BT 290.76 268.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 312.68 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.61 268.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 360.96 268.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 385.10 268.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 407.03 268.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 433.39 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.09 268.10 Td (us ) Tj ET Q q 0 0 0 rg BT 453.91 268.10 Td (two ) Tj ET Q q 0 0 0 rg BT 470.83 268.10 Td (years ) Tj ET Q q 0 0 0 rg BT 493.86 268.10 Td (before ) Tj ET Q q 0 0 0 rg BT 521.32 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.46 268.10 Td (expiration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.83 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.55 256.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 116.26 256.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 150.97 256.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 232.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 71.00 232.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 108.61 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.01 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.06 232.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 144.22 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.28 232.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 202.75 232.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 249.51 232.10 Td (we ) Tj ET Q q 0 0 0 rg BT 263.78 232.10 Td (have ) Tj ET Q q 0 0 0 rg BT 285.27 232.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 304.56 232.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.39 232.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.80 232.10 Td (est ) Tj ET Q q 0 0 0 rg BT 340.53 232.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.76 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.37 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.77 232.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 396.72 232.10 Td (Finance. ) Tj ET Q q 0 0 0 rg BT 433.30 232.10 Td (The ) Tj ET Q q 0 0 0 rg BT 451.46 232.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 465.19 232.10 Td (will ) Tj ET Q q 0 0 0 rg BT 483.36 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.41 232.10 Td (chartered ) Tj ET Q q 0 0 0 rg BT 535.22 232.10 Td (back ) Tj ET Q q 0 0 0 rg BT 556.71 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 567.10 232.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 220.10 Td (on ) Tj ET Q q 0 0 0 rg BT 83.61 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.66 220.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 127.70 220.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 158.06 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.33 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.38 220.10 Td (period ) Tj ET Q q 0 0 0 rg BT 207.54 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.48 220.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 231.09 220.10 Td (years ) Tj ET Q q 0 0 0 rg BT 254.80 220.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 277.42 220.10 Td (its ) Tj ET Q q 0 0 0 rg BT 289.47 220.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 324.85 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.24 220.10 Td (us ) Tj ET Q q 0 0 0 rg BT 346.74 220.10 Td (from ) Tj ET Q q 0 0 0 rg BT 368.79 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.62 220.10 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 420.67 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.06 220.10 Td (February ) Tj ET Q q 0 0 0 rg BT 469.77 220.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 494.88 220.10 Td (at ) Tj ET Q q 0 0 0 rg BT 504.71 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.76 220.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 556.01 220.10 Td (daily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 208.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 88.49 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.32 208.10 Td ($222,000 ) Tj ET Q q 0 0 0 rg BT 139.32 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.48 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.19 208.10 Td (first ) Tj ET Q q 0 0 0 rg BT 186.80 208.10 Td (five ) Tj ET Q q 0 0 0 rg BT 204.85 208.10 Td (years ) Tj ET Q q 0 0 0 rg BT 228.45 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.38 208.10 Td (an ) Tj ET Q q 0 0 0 rg BT 257.32 208.10 Td (average ) Tj ET Q q 0 0 0 rg BT 290.91 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.74 208.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 362.00 208.10 Td ($1) Tj ET Q q 0 0 0 rg BT 371.63 208.10 Td (15,000 ) Tj ET Q q 0 0 0 rg BT 401.63 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 415.79 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.50 208.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 473.54 208.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 488.26 208.10 Td (years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 184.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 71.00 184.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.44 184.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.85 184.10 Td (est ) Tj ET Q q 0 0 0 rg BT 108.85 184.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.08 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.97 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.53 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.20 184.10 Td (transit ) Tj ET Q q 0 0 0 rg BT 178.08 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.75 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.85 184.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 248.17 184.10 Td (North ) Tj ET Q q 0 0 0 rg BT 273.39 184.10 Td (Sea, ) Tj ET Q q 0 0 0 rg BT 292.22 184.10 Td (where ) Tj ET Q q 0 0 0 rg BT 318.54 184.10 Td (it ) Tj ET Q q 0 0 0 rg BT 325.99 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 334.54 184.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 376.42 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.09 184.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 431.29 184.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.83 184.10 Td (under ) Tj ET Q q 0 0 0 rg BT 499.49 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 505.82 184.10 Td (five-year ) Tj ET Q q 0 0 0 rg BT 543.79 184.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 172.10 Td (with ) Tj ET Q q 0 0 0 rg BT 91.35 172.10 Td (ConocoPhilips ) Tj ET Q q 0 0 0 rg BT 152.82 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.18 172.10 Td (May ) Tj ET Q q 0 0 0 rg BT 184.08 172.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 209.16 172.10 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 273.41 172.10 Td (has ) Tj ET Q q 0 0 0 rg BT 289.31 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.10 172.10 Td (option ) Tj ET Q q 0 0 0 rg BT 332.23 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.59 172.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 371.82 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.61 172.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 406.40 172.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 441.18 172.10 Td (period ) Tj ET Q q 0 0 0 rg BT 469.30 172.10 Td (from ) Tj ET Q q 0 0 0 rg BT 491.31 172.10 Td (five ) Tj ET Q q 0 0 0 rg BT 509.43 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.79 172.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 545.13 172.10 Td (years ) Tj ET Q q 0 0 0 rg BT 568.80 172.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.74 160.10 Td (same ) Tj ET Q q 0 0 0 rg BT 108.80 160.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 131.31 160.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 148.82 160.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 171.34 160.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 198.29 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.59 160.10 Td (us ) Tj ET Q q 0 0 0 rg BT 220.00 160.10 Td (by ) Tj ET Q q 0 0 0 rg BT 232.51 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.25 160.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 313.07 160.10 Td (date ) Tj ET Q q 0 0 0 rg BT 332.25 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.54 160.10 Td (May ) Tj ET Q q 0 0 0 rg BT 363.39 160.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 388.41 160.10 Td (In ) Tj ET Q q 0 0 0 rg BT 399.26 160.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 437.05 160.10 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 501.25 160.10 Td (also ) Tj ET Q q 0 0 0 rg BT 519.87 160.10 Td (has ) Tj ET Q q 0 0 0 rg BT 535.72 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.46 160.10 Td (option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.51 148.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 110.89 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.83 148.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 160.76 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.15 148.10 Td (two ) Tj ET Q q 0 0 0 rg BT 192.88 148.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 235.59 148.10 Td (two ) Tj ET Q q 0 0 0 rg BT 253.32 148.10 Td (year ) Tj ET Q q 0 0 0 rg BT 273.25 148.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 305.42 148.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.36 148.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.53 148.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 345.25 148.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 362.96 148.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.69 148.10 Td (is ) Tj ET Q q 0 0 0 rg BT 390.08 148.10 Td ($10,000 ) Tj ET Q q 0 0 0 rg BT 425.31 148.10 Td (less ) Tj ET Q q 0 0 0 rg BT 443.04 148.10 Td (than ) Tj ET Q q 0 0 0 rg BT 462.98 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.92 148.10 Td (current ) Tj ET Q q 0 0 0 rg BT 508.97 148.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 531.69 148.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 549.40 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 563.79 148.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 136.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 111.83 136.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 143.76 136.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 166.26 136.10 Td (24 ) Tj ET Q q 0 0 0 rg BT 178.76 136.10 Td (months) Tj ET Q q 0 0 0 rg BT 210.80 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.30 136.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 240.23 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.51 136.10 Td (us ) Tj ET Q q 0 0 0 rg BT 261.90 136.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 283.84 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.12 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.84 136.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 351.88 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.71 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.43 136.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 412.13 136.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 112.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 71.00 112.10 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 110.63 112.10 Td ($12,430 ) Tj ET Q q 0 0 0 rg BT 146.11 112.10 Td (per ) Tj ET Q q 0 0 0 rg BT 161.85 112.10 Td (day ) Tj ET Q q 0 0 0 rg BT 179.27 112.10 Td (which ) Tj ET Q q 0 0 0 rg BT 206.68 112.10 Td (we ) Tj ET Q q 0 0 0 rg BT 221.32 112.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.85 112.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 271.69 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.44 112.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 318.19 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.95 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.14 112.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 380.99 112.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 403.96 112.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 421.93 112.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.23 112.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 491.75 112.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.39 112.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 549.35 112.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 100.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 124.59 100.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.75 100.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 161.80 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.08 100.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 205.13 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.84 100.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 259.00 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 279.28 100.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 321.77 100.10 Td (equipment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 76.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 71.00 76.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.54 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.95 76.10 Td (est ) Tj ET Q q 0 0 0 rg BT 109.05 76.10 Td (Her) Tj ET Q q 0 0 0 rg BT 124.23 76.10 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.78 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.77 76.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.43 76.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 184.09 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.08 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.51 76.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 262.27 76.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 305.37 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.69 76.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 336.02 76.10 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 372.17 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.60 76.10 Td (related ) Tj ET Q q 0 0 0 rg BT 407.80 76.10 Td (party) Tj ET Q q 0 0 0 rg BT 427.69 76.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.19 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.62 76.10 Td (is ) Tj ET Q q 0 0 0 rg BT 457.28 76.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 499.81 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 511.81 76.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 544.90 76.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.92 64.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 114.83 64.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 145.07 64.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 189.20 64.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.68 64.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 238.04 64.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.30 64.10 Td (2023. ) Tj ET Q q 0 0 0 rg BT 273.29 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.60 64.10 Td (W) Tj ET Q q 0 0 0 rg BT 284.23 64.10 Td (e ) Tj ET Q q 0 0 0 rg BT 291.16 64.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 328.08 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.34 64.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 370.25 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.17 64.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 420.75 64.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.45 64.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.87 64.10 Td (est ) Tj ET Q q 0 0 0 rg BT 456.46 64.10 Td (Her) Tj ET Q q 0 0 0 rg BT 471.64 64.10 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.19 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.67 64.10 Td (while ) Tj ET Q q 0 0 0 rg BT 519.38 64.10 Td (it ) Tj ET Q q 0 0 0 rg BT 527.42 64.10 Td (is ) Tj ET Q q 0 0 0 rg BT 536.57 64.10 Td (employed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 52.10 Td (under ) Tj ET Q q 0 0 0 rg BT 95.85 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.15 52.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 141.68 52.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 175.96 52.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.82 52.10 Td (Statoil. ) Tj ET Q q 0 0 0 rg BT 226.37 52.10 Td (W) Tj ET Q q 0 0 0 rg BT 235.00 52.10 Td (e ) Tj ET Q q 0 0 0 rg BT 241.53 52.10 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 304.16 52.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 335.67 52.10 Td (into ) Tj ET Q q 0 0 0 rg BT 353.31 52.10 Td (an ) Tj ET Q q 0 0 0 rg BT 364.83 52.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 408.55 52.10 Td (with ) Tj ET Q q 0 0 0 rg BT 428.41 52.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 461.60 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.46 52.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 504.08 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.38 52.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 546.57 52.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 749.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 105.28 749.10 Td (from ) Tj ET Q q 0 0 0 rg BT 126.79 749.10 Td (us ) Tj ET Q q 0 0 0 rg BT 137.76 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.62 749.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 180.80 749.10 Td (ef) Tj ET Q q 0 0 0 rg BT 188.39 749.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 217.66 749.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.18 749.10 Td (November1, ) Tj ET Q q 0 0 0 rg BT 293.46 749.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 318.04 749.10 Td (See ) Tj ET Q q 0 0 0 rg BT 334.55 749.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 359.40 749.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 368.97 749.10 Td (Major ) Tj ET Q q 0 0 0 rg BT 395.49 749.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 449.77 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.29 749.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 498.90 749.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 521.94 749.10 Td (T) Tj ET Q q 0 0 0 rg BT 527.70 749.10 Td (ransactions-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 737.10 Td (B. ) Tj ET Q q 0 0 0 rg BT 82.67 737.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 115.71 737.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 139.14 737.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.90 737.10 Td (ransactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 713.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 71.00 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 79.64 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.80 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 110.40 713.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 143.55 713.10 Td (into ) Tj ET Q q 0 0 0 rg BT 162.84 713.10 Td (an ) Tj ET Q q 0 0 0 rg BT 176.00 713.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 221.37 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 242.87 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BT 272.06 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.99 689.10 Td (does ) Tj ET Q q 0 0 0 rg BT 296.25 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 311.96 689.10 Td (include ) Tj ET Q q 0 0 0 rg BT 344.32 689.10 Td (management ) Tj ET Q q 0 0 0 rg BT 398.34 689.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 417.37 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.30 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 449.89 689.10 Td (will ) Tj ET Q q 0 0 0 rg BT 468.38 689.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 500.17 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 522.54 689.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 556.58 689.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 677.10 Td (November1, ) Tj ET Q q 0 0 0 rg BT 125.38 677.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 147.56 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.39 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.78 677.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 218.50 677.10 Td (term ) Tj ET Q q 0 0 0 rg BT 239.00 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.50 677.10 Td (the ) 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473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.53 473.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 75.06 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.70 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.23 473.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 135.91 473.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 184.98 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.84 473.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 246.80 473.10 Td (can ) Tj ET Q q 0 0 0 rg BT 262.99 473.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.74 473.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 319.81 473.10 Td (by ) Tj ET Q q 0 0 0 rg BT 332.13 473.10 Td (either ) Tj ET Q q 0 0 0 rg BT 357.20 473.10 Td (party ) Tj ET Q q 0 0 0 rg BT 380.06 473.10 Td (at ) Tj ET Q q 0 0 0 rg BT 389.59 473.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 401.91 473.10 Td (days ) Tj ET Q q 0 0 0 rg BT 422.55 473.10 Td (notice. ) Tj ET Q q 0 0 0 rg BT 451.80 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 462.44 473.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 518.63 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.27 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.80 473.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 77.04 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.25 461.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.13 461.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 151.57 461.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 185.67 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.10 461.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 208.30 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 226.29 461.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 262.61 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.82 461.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 318.58 461.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 341.57 461.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 390.11 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.88 461.10 Td (us ) Tj ET Q q 0 0 0 rg BT 412.77 461.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 432.43 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.86 461.10 Td (mar) Tj ET Q q 0 0 0 rg BT 455.23 461.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 471.00 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.33 461.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 498.65 461.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 518.58 461.10 Td (ef) Tj ET Q q 0 0 0 rg BT 526.17 461.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 556.37 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 567.69 461.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (January ) Tj ET Q q 0 0 0 rg BT 69.60 449.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 94.60 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 108.76 449.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 125.70 449.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 159.30 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.24 449.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 180.95 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 198.44 449.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 234.27 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.98 449.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.25 449.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 311.75 449.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 359.78 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.06 449.10 Td (us ) Tj ET Q q 0 0 0 rg BT 381.45 449.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 400.62 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.56 449.10 Td (mar) Tj ET Q q 0 0 0 rg BT 422.93 449.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 438.21 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.04 449.10 Td (8%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.65 425.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 122.24 425.10 Td (North ) Tj ET Q q 0 0 0 rg BT 148.16 425.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 183.69 425.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 239.22 425.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 276.98 425.10 Td (management ) Tj ET Q q 0 0 0 rg BT 331.38 425.10 Td (services ) Tj ET Q q 0 0 0 rg BT 366.91 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.89 425.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.43 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 404.84 425.10 Td (est ) Tj ET Q q 0 0 0 rg BT 419.27 425.10 Td (Her) Tj ET Q q 0 0 0 rg BT 434.45 425.10 Td (cules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.32 425.10 Td (while ) Tj ET Q q 0 0 0 rg BT 483.85 425.10 Td (it ) Tj ET Q q 0 0 0 rg BT 492.73 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.72 425.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 545.48 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 571.56 425.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.62 413.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 101.99 413.10 Td (with ) Tj ET Q q 0 0 0 rg BT 121.95 413.10 Td (Statoil, ) Tj ET Q q 0 0 0 rg BT 152.73 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.35 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.19 413.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 225.91 413.10 Td (for) Tj ET Q q 0 0 0 rg BT 237.17 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 241.85 413.10 Td (among ) Tj ET Q q 0 0 0 rg BT 271.24 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 293.96 413.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 323.08 413.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 363.02 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.41 413.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 393.19 413.10 Td (budgeting ) Tj ET Q q 0 0 0 rg BT 435.36 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.98 413.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 498.02 413.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 539.91 413.10 Td (technical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 92.09 401.10 Td (staf) Tj ET Q q 0 0 0 rg BT 106.35 401.10 Td (fing ) Tj ET Q q 0 0 0 rg BT 124.96 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.89 401.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 191.59 401.10 Td (management ) Tj ET Q q 0 0 0 rg BT 245.18 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.01 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.73 401.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 309.88 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.82 401.10 Td (suppliers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.36 377.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 129.48 377.10 Td (of) Tj ET Q q 0 0 0 rg BT 137.63 377.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 158.32 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.47 377.10 Td (North ) Tj ET Q q 0 0 0 rg BT 193.21 377.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 227.23 377.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 281.25 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 295.27 377.10 Td (located ) Tj ET Q q 0 0 0 rg BT 325.95 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.54 377.10 Td (Stavanger) Tj ET Q q 0 0 0 rg BT 375.13 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 379.44 377.10 Td (Norway) Tj ET Q q 0 0 0 rg BT 411.01 377.10 Td (. ) Tj ET Q q 0 0 0 rg BT 415.19 377.10 Td (W) Tj ET Q q 0 0 0 rg BT 423.82 377.10 Td (e ) Tj ET Q q 0 0 0 rg BT 430.08 377.10 Td (also ) Tj ET Q q 0 0 0 rg BT 448.00 377.10 Td (have ) Tj ET Q q 0 0 0 rg BT 468.69 377.10 Td (of) Tj ET Q q 0 0 0 rg BT 476.84 377.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 497.53 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.12 377.10 Td (Ber) Tj ET Q q 0 0 0 rg BT 521.38 377.10 Td (gen, ) Tj ET Q q 0 0 0 rg BT 540.13 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 541.94 377.10 Td (Norway) Tj ET Q q 0 0 0 rg BT 573.50 377.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (Aberdeen, ) Tj ET Q q 0 0 0 rg BT 79.87 365.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 96.81 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.75 365.10 Td (Hamiton, ) Tj ET Q q 0 0 0 rg BT 153.74 365.10 Td (Bermuda.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 71.83 341.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 317.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.51 317.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 120.49 317.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 152.37 317.10 Td (services ) Tj ET Q q 0 0 0 rg BT 187.01 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 199.44 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.32 317.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 247.05 317.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 281.69 317.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 306.45 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 315.08 317.10 Td (e ) Tj ET Q q 0 0 0 rg BT 321.96 317.10 Td (do ) Tj ET Q q 0 0 0 rg BT 334.39 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 349.60 317.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 382.58 317.10 Td (turnkey ) Tj ET Q q 0 0 0 rg BT 424.44 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.21 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.19 317.10 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 501.72 317.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 533.60 317.10 Td (services ) Tj ET Q q 0 0 0 rg BT 568.24 317.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 49.98 305.10 Td (customer) Tj ET Q q 0 0 0 rg BT 86.08 305.10 Td (. ) Tj ET Q q 0 0 0 rg BT 90.35 305.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 117.10 305.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 148.29 305.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 188.65 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.63 305.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 233.84 305.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 276.13 305.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 312.34 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.54 305.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 349.75 305.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 362.62 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.82 305.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 391.69 305.10 Td (crews ) Tj ET Q q 0 0 0 rg BT 416.78 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.98 305.10 Td (char) Tj ET Q q 0 0 0 rg BT 450.01 305.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 465.10 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.08 305.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 517.50 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.71 305.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 546.02 305.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (per ) Tj ET Q q 0 0 0 rg BT 50.63 293.10 Td (day ) Tj ET Q q 0 0 0 rg BT 66.93 293.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 109.33 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.52 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.60 293.10 Td (number ) Tj ET Q q 0 0 0 rg BT 166.01 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.20 293.10 Td (days ) Tj ET Q q 0 0 0 rg BT 196.39 293.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 226.57 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.21 293.10 Td (drill ) Tj ET Q q 0 0 0 rg BT 254.74 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.82 293.10 Td (well. ) Tj ET Q q 0 0 0 rg BT 290.26 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 307.67 293.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 346.19 293.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 369.15 293.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 421.56 293.10 Td (all ) Tj ET Q q 0 0 0 rg BT 433.42 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.61 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.69 293.10 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 494.53 293.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 516.39 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.58 293.10 Td (constructing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.51 281.10 Td (well ) Tj ET Q q 0 0 0 rg BT 70.02 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.75 281.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 131.82 281.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 163.56 281.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 210.00 281.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.63 281.10 Td (well ) Tj ET Q q 0 0 0 rg BT 240.14 281.10 Td (as ) Tj ET Q q 0 0 0 rg BT 250.76 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.27 281.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 306.43 281.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 323.72 281.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 356.00 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.07 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.58 281.10 Td (success ) Tj ET Q q 0 0 0 rg BT 412.86 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.48 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.99 281.10 Td (well. ) Tj ET Q q 0 0 0 rg BT 460.00 281.10 Td (In ) Tj ET Q q 0 0 0 rg BT 470.62 281.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 508.19 281.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 539.91 281.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 67.20 269.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 100.06 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.03 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.78 269.10 Td (lump ) Tj ET Q q 0 0 0 rg BT 143.65 269.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 162.63 269.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 194.94 269.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.58 269.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 237.32 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.29 269.10 Td (mobilizing ) Tj ET Q q 0 0 0 rg BT 296.93 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.46 269.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 324.88 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.97 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.50 269.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 375.14 269.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 415.22 269.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 452.24 269.10 Td (which ) Tj ET Q q 0 0 0 rg BT 478.99 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 487.97 269.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 519.17 269.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 544.25 269.10 Td (than ) Tj ET Q q 0 0 0 rg BT 563.78 269.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 84.27 257.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 117.55 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.06 257.10 Td (uptime ) Tj ET Q q 0 0 0 rg BT 164.68 257.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 203.24 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.53 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.82 257.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 265.32 257.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 298.60 257.10 Td (when ) Tj ET Q q 0 0 0 rg BT 324.11 257.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 357.41 257.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 402.91 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 418.97 257.10 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 466.70 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.88 257.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 519.93 257.10 Td (by ) Tj ET Q q 0 0 0 rg BT 533.78 257.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (breakdowns, ) Tj ET Q q 0 0 0 rg BT 88.96 245.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 121.63 245.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 155.41 245.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 199.21 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.68 245.10 Td (other ) Tj ET Q q 0 0 0 rg BT 232.36 245.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 276.16 245.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 307.74 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.09 245.10 Td (contractor) Tj ET Q q 0 0 0 rg BT 362.99 245.10 Td () Tj ET Q q 0 0 0 rg BT 365.77 245.10 Td (s ) Tj ET Q q 0 0 0 rg BT 371.80 245.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 404.29 245.10 Td (A) Tj ET Q q 0 0 0 rg BT 410.96 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.10 245.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 444.66 245.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 476.24 245.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 510.57 245.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 549.91 245.10 Td (covers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (either ) Tj ET Q q 0 0 0 rg BT 61.99 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.44 233.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 110.11 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.66 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.33 233.10 Td (single ) Tj ET Q q 0 0 0 rg BT 156.44 233.10 Td (well ) Tj ET Q q 0 0 0 rg BT 176.89 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.45 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.11 233.10 Td (number ) Tj ET Q q 0 0 0 rg BT 229.89 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.44 233.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 265.78 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.34 233.10 Td (has ) Tj ET Q q 0 0 0 rg BT 293.90 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.56 233.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 328.11 233.10 Td (term ) Tj ET Q q 0 0 0 rg BT 349.67 233.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 393.43 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.99 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.43 233.10 Td (number ) Tj ET Q q 0 0 0 rg BT 454.21 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.77 233.10 Td (wells. ) Tj ET Q q 0 0 0 rg BT 492.37 233.10 Td (These ) Tj ET Q q 0 0 0 rg BT 519.47 233.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 558.79 233.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 76.18 221.10 Td (be ) Tj ET Q q 0 0 0 rg BT 88.60 221.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 134.33 221.10 Td (by ) Tj ET Q q 0 0 0 rg BT 147.31 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.50 221.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 202.14 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.89 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.09 221.10 Td (event ) Tj ET Q q 0 0 0 rg BT 252.72 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.91 221.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 300.33 221.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 314.42 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 324.07 221.10 Td (destroyed ) Tj ET Q q 0 0 0 rg BT 365.92 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.23 221.10 Td (lost ) Tj ET Q q 0 0 0 rg BT 394.66 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.96 221.10 Td (if ) Tj ET Q q 0 0 0 rg BT 415.05 221.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 447.47 221.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 492.10 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.29 221.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 551.93 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 566.56 221.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 74.60 209.10 Td (period ) Tj ET Q q 0 0 0 rg BT 102.66 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.50 209.10 Td (time ) Tj ET Q q 0 0 0 rg BT 133.78 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.62 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.57 209.10 Td (result ) Tj ET Q q 0 0 0 rg BT 176.29 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.13 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.08 209.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 241.01 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.85 209.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 299.07 209.10 Td (force ) Tj ET Q q 0 0 0 rg BT 326.56 209.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 365.71 209.10 Td (events ) Tj ET Q q 0 0 0 rg BT 393.76 209.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 425.71 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.44 209.10 Td (control ) Tj ET Q q 0 0 0 rg BT 471.27 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.11 209.10 Td (either ) Tj ET Q q 0 0 0 rg BT 507.38 209.10 Td (party ) Tj ET Q q 0 0 0 rg BT 530.44 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.28 209.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 563.79 209.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 81.65 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.77 197.10 Td (other ) Tj ET Q q 0 0 0 rg BT 114.11 197.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 152.00 197.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 197.96 197.10 Td (In ) Tj ET Q q 0 0 0 rg BT 208.08 197.10 Td (some ) Tj ET Q q 0 0 0 rg BT 230.99 197.10 Td (instances, ) Tj ET Q q 0 0 0 rg BT 271.94 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.95 197.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 317.17 197.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 351.16 197.10 Td (term ) Tj ET Q q 0 0 0 rg BT 371.28 197.10 Td (may ) Tj ET Q q 0 0 0 rg BT 390.29 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 401.53 197.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 439.42 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 451.21 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.22 197.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 503.67 197.10 Td (exercising ) Tj ET Q q 0 0 0 rg BT 546.56 197.10 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 50.16 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 96.82 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.65 185.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 150.14 185.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 173.75 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.58 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.74 185.10 Td (an ) Tj ET Q q 0 0 0 rg BT 210.68 185.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 253.17 185.10 Td (length ) Tj ET Q q 0 0 0 rg BT 280.66 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.49 185.10 Td (time ) Tj ET Q q 0 0 0 rg BT 311.77 185.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.48 185.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 344.53 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 355.36 185.10 Td (mutually ) Tj ET Q q 0 0 0 rg BT 393.41 185.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 422.56 185.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 449.77 185.10 Td (including ) Tj ET Q q 0 0 0 rg BT 490.05 185.10 Td (dayrates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.66 161.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 121.21 161.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 159.41 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.72 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.04 161.10 Td (result ) Tj ET Q q 0 0 0 rg BT 212.37 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.80 161.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 273.79 161.10 Td (with ) Tj ET Q q 0 0 0 rg BT 293.67 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 309.11 161.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 354.26 161.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 371.92 161.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 405.69 161.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 437.24 161.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 475.44 161.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 514.75 161.10 Td (contain, ) Tj ET Q q 0 0 0 rg BT 548.79 161.10 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (other ) Tj ET Q q 0 0 0 rg BT 59.05 149.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 88.50 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.21 149.10 Td (following ) Tj ET Q q 0 0 0 rg BT 144.60 149.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 194.30 149.10 Td (terms:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 125.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 125.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 142.70 125.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 178.53 125.10 Td (extending ) Tj ET Q q 0 0 0 rg BT 220.46 125.10 Td (over ) Tj ET Q q 0 0 0 rg BT 240.73 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.67 125.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 281.26 125.10 Td (period ) Tj ET Q q 0 0 0 rg BT 309.31 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.14 125.10 Td (time;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 110.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 110.10 Td (term ) Tj ET Q q 0 0 0 rg BT 128.94 110.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 169.89 110.10 Td (options ) Tj ET Q q 0 0 0 rg BT 201.96 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.36 110.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 236.07 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.02 110.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.97 110.10 Td (customer) Tj ET Q q 0 0 0 rg BT 299.23 110.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.35 110.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 344.17 110.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 366.79 110.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 402.16 110.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 429.22 110.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.61 110.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 453.63 110.10 Td (at ) Tj ET Q q 0 0 0 rg BT 463.46 110.10 Td (mutually ) Tj ET Q q 0 0 0 rg BT 501.63 110.10 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 533.40 110.10 Td (indexed ) Tj ET Q q 0 0 0 rg BT 567.67 110.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 98.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 131.05 98.10 Td (rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 83.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 83.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 151.59 83.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 195.17 83.10 Td (early ) Tj ET Q q 0 0 0 rg BT 217.07 83.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 265.09 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.33 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.47 83.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 323.59 83.10 Td (if ) Tj ET Q q 0 0 0 rg BT 331.62 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.75 83.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 377.11 83.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 390.14 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.73 83.10 Td (lost ) Tj ET Q q 0 0 0 rg BT 415.09 83.10 Td (or ) Tj ET Q q 0 0 0 rg BT 425.34 83.10 Td (destroyed, ) Tj ET Q q 0 0 0 rg BT 468.63 83.10 Td (if ) Tj ET Q q 0 0 0 rg BT 476.66 83.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 520.23 83.10 Td (are ) Tj ET Q q 0 0 0 rg BT 534.36 83.10 Td (suspended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 71.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.82 71.10 Td (an ) Tj ET Q q 0 0 0 rg BT 133.41 71.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 171.66 71.10 Td (period ) Tj ET Q q 0 0 0 rg BT 199.36 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.85 71.10 Td (time ) Tj ET Q q 0 0 0 rg BT 229.78 71.10 Td (due ) Tj ET Q q 0 0 0 rg BT 246.37 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.31 71.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 302.89 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.38 71.10 Td (major ) Tj ET Q q 0 0 0 rg BT 338.86 71.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 352.12 71.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 396.49 71.10 Td (or ) Tj ET Q q 0 0 0 rg BT 406.97 71.10 Td (force ) Tj ET Q q 0 0 0 rg BT 434.11 71.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 472.90 71.10 Td (events ) Tj ET Q q 0 0 0 rg BT 500.60 71.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 532.20 71.10 Td (our ) Tj ET Q q 0 0 0 rg BT 547.69 71.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.94 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.66 59.10 Td (control ) Tj ET Q q 0 0 0 rg BT 170.48 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.31 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.03 59.10 Td (customer;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 749.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 151.95 749.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 189.23 749.10 Td (early ) Tj ET Q q 0 0 0 rg BT 211.49 749.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 259.87 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.48 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.98 749.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 319.46 749.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.74 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.24 749.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 385.17 749.10 Td (without ) Tj ET Q q 0 0 0 rg BT 418.01 749.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 442.50 749.10 Td (with ) Tj ET Q q 0 0 0 rg BT 462.56 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.27 749.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 507.65 749.10 Td (early ) Tj ET Q q 0 0 0 rg BT 529.91 749.10 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 737.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 122.71 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.54 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.48 737.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 174.62 737.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 192.11 737.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.27 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.21 737.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 251.80 737.10 Td (period ) Tj ET Q q 0 0 0 rg BT 279.85 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.68 737.10 Td (time;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 722.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 722.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 144.19 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.27 722.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 211.56 722.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.10 722.10 Td (us ) Tj ET Q q 0 0 0 rg BT 231.74 722.10 Td (\(generally ) Tj ET Q q 0 0 0 rg BT 274.03 722.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.56 722.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 303.09 722.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 332.06 722.10 Td (although ) Tj ET Q q 0 0 0 rg BT 368.81 722.10 Td (some ) Tj ET Q q 0 0 0 rg BT 391.67 722.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 429.52 722.10 Td (require ) Tj ET Q q 0 0 0 rg BT 459.59 722.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.78 722.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 496.42 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.50 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.47 722.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 710.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.04 710.10 Td (be ) Tj ET Q q 0 0 0 rg BT 131.75 710.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 152.23 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.27 710.10 Td (local ) Tj ET Q q 0 0 0 rg BT 185.97 710.10 Td (currency\) ) Tj ET Q q 0 0 0 rg BT 227.54 710.10 Td (on ) Tj ET Q q 0 0 0 rg BT 240.81 710.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.51 710.10 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 281.20 710.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 304.47 710.10 Td (\(lower ) Tj ET Q q 0 0 0 rg BT 333.83 710.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 355.98 710.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.57 710.10 Td (no ) Tj ET Q q 0 0 0 rg BT 380.84 710.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 439.65 710.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 480.11 710.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 505.60 710.10 Td (during ) Tj ET Q q 0 0 0 rg BT 534.97 710.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 567.67 710.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 698.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 152.41 698.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 199.03 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.66 698.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 241.17 698.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.69 698.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.67 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.08 698.10 Td (event ) Tj ET Q q 0 0 0 rg BT 299.93 698.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.77 698.10 Td (are ) Tj ET Q q 0 0 0 rg BT 358.18 698.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 402.03 698.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.55 698.10 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 458.62 698.10 Td (by ) Tj ET Q q 0 0 0 rg BT 470.81 698.10 Td (other ) Tj ET Q q 0 0 0 rg BT 493.55 698.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 531.84 698.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 686.10 Td (some ) Tj ET Q q 0 0 0 rg BT 131.61 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.44 686.10 Td (which ) Tj ET Q q 0 0 0 rg BT 169.38 686.10 Td (may ) Tj ET Q q 0 0 0 rg BT 189.09 686.10 Td (be ) Tj ET Q q 0 0 0 rg BT 201.03 686.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 232.97 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.80 686.10 Td (control\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 671.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 671.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 144.93 671.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.43 671.10 Td (us ) Tj ET Q q 0 0 0 rg BT 168.83 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.66 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.37 671.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 234.64 671.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 273.23 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.06 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.78 671.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 330.72 671.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 346.83 671.10 Td (including ) Tj ET Q q 0 0 0 rg BT 387.11 671.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 409.04 671.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 432.08 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.02 671.10 Td (incidental ) Tj ET Q q 0 0 0 rg BT 490.95 671.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 504.56 671.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 533.73 671.10 Td (costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 656.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 656.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 152.17 656.10 Td (entitling ) Tj ET Q q 0 0 0 rg BT 188.00 656.10 Td (us ) Tj ET Q q 0 0 0 rg BT 199.39 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.67 656.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 259.94 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.77 656.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 306.59 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.87 656.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 364.33 656.10 Td (with ) Tj ET Q q 0 0 0 rg BT 384.61 656.10 Td (published ) Tj ET Q q 0 0 0 rg BT 425.99 656.10 Td (indices ) Tj ET Q q 0 0 0 rg BT 456.82 656.10 Td (or ) Tj ET Q q 0 0 0 rg BT 467.65 656.10 Td (otherwise;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 641.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 641.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 152.17 641.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 191.33 641.10 Td (us ) Tj ET Q q 0 0 0 rg BT 202.72 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 213.55 641.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 247.15 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.43 641.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 290.48 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.41 641.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 350.44 641.10 Td (guarantee;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 626.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 626.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 151.49 626.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 196.10 626.10 Td (between ) Tj ET Q q 0 0 0 rg BT 232.35 626.10 Td (us ) Tj ET Q q 0 0 0 rg BT 244.18 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.56 626.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.83 626.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 321.31 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.03 626.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 363.28 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.55 626.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 420.25 626.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 449.30 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.67 626.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 484.61 626.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 530.87 626.10 Td (between ) Tj ET Q q 0 0 0 rg BT 567.13 626.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.94 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 140.77 614.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 183.82 614.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 216.86 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.14 614.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 267.12 614.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 295.72 614.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.55 614.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 332.95 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.22 614.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 357.12 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.95 614.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 418.49 614.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.32 614.10 Td (third ) Tj ET Q q 0 0 0 rg BT 450.71 614.10 Td (parties; ) Tj ET Q q 0 0 0 rg BT 482.64 614.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 599.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 599.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 153.77 599.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 199.52 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.84 599.10 Td (customer) Tj ET Q q 0 0 0 rg BT 252.86 599.10 Td () Tj ET Q q 0 0 0 rg BT 255.64 599.10 Td (s ) Tj ET Q q 0 0 0 rg BT 263.63 599.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 312.72 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.60 599.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.13 599.10 Td (third ) Tj ET Q q 0 0 0 rg BT 356.12 599.10 Td (party ) Tj ET Q q 0 0 0 rg BT 380.76 599.10 Td (with ) Tj ET Q q 0 0 0 rg BT 402.63 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.06 599.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 443.60 599.10 Td (consent, ) Tj ET Q q 0 0 0 rg BT 480.74 599.10 Td (such ) Tj ET Q q 0 0 0 rg BT 503.17 599.10 Td (consent ) Tj ET Q q 0 0 0 rg BT 537.81 599.10 Td (not ) Tj ET Q q 0 0 0 rg BT 554.68 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 566.56 599.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 587.10 Td (unreasonably ) Tj ET Q q 0 0 0 rg BT 164.74 587.10 Td (withheld. ) Tj ET Q q 0 0 0 rg BT 205.66 587.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 224.63 587.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 291.37 587.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 336.46 587.10 Td (may ) Tj ET Q q 0 0 0 rg BT 357.10 587.10 Td (not ) Tj ET Q q 0 0 0 rg BT 373.30 587.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 398.93 587.10 Td (all ) Tj ET Q q 0 0 0 rg BT 412.35 587.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 453.26 587.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 482.79 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 494.54 587.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 521.85 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.05 587.10 Td (us ) Tj ET Q q 0 0 0 rg BT 545.37 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 557.12 587.10 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 575.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 139.24 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.76 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.06 575.10 Td (indemnifying ) Tj ET Q q 0 0 0 rg BT 226.02 575.10 Td (party ) Tj ET Q q 0 0 0 rg BT 248.65 575.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.95 575.10 Td (not ) Tj ET Q q 0 0 0 rg BT 282.81 575.10 Td (have ) Tj ET Q q 0 0 0 rg BT 303.77 575.10 Td (suf) Tj ET Q q 0 0 0 rg BT 315.81 575.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 343.44 575.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 383.28 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.14 575.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 417.43 575.10 Td (its ) Tj ET Q q 0 0 0 rg BT 428.96 575.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 494.36 575.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 543.38 575.10 Td (See ) Tj ET Q q 0 0 0 rg BT 559.90 575.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 563.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 132.81 563.10 Td (Factors-Risks ) Tj ET Q q 0 0 0 rg BT 189.84 563.10 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 225.19 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.00 563.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 252.59 563.10 Td (Business-our ) Tj ET Q q 0 0 0 rg BT 306.84 563.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 349.42 563.10 Td (may ) Tj ET Q q 0 0 0 rg BT 368.67 563.10 Td (be ) Tj ET Q q 0 0 0 rg BT 380.14 563.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 408.83 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.19 563.10 Td (unwilling ) Tj ET Q q 0 0 0 rg BT 459.56 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.37 563.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 512.51 563.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 530.37 563.10 Td (In ) Tj ET Q q 0 0 0 rg BT 540.73 563.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 551.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.18 551.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 154.47 551.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 192.41 551.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 229.25 551.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 261.64 551.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.15 551.10 Td (situations ) Tj ET Q q 0 0 0 rg BT 315.33 551.10 Td (where ) Tj ET Q q 0 0 0 rg BT 341.61 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.67 551.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 386.96 551.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 399.92 551.10 Td (would ) Tj ET Q q 0 0 0 rg BT 426.76 551.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 458.03 551.10 Td (at ) Tj ET Q q 0 0 0 rg BT 467.10 551.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 500.59 551.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 540.20 551.10 Td (dayrates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 536.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (Of) Tj ET Q q 0 0 0 rg BT 82.37 512.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 109.17 512.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 156.53 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.78 512.10 Td (production ) Tj ET Q q 0 0 0 rg BT 217.91 512.10 Td (is ) Tj ET Q q 0 0 0 rg BT 226.39 512.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.64 512.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 261.11 512.10 Td (intensive, ) Tj ET Q q 0 0 0 rg BT 301.52 512.10 Td (high-risk ) Tj ET Q q 0 0 0 rg BT 339.44 512.10 Td (industry) Tj ET Q q 0 0 0 rg BT 371.57 512.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.88 512.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 417.68 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.93 512.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 470.74 512.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 525.33 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.92 512.10 Td (deepwater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 500.10 Td (basins ) Tj ET Q q 0 0 0 rg BT 63.53 500.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 116.06 500.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 155.24 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.99 500.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 202.52 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.38 500.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.57 500.10 Td (required ) Tj ET Q q 0 0 0 rg BT 278.42 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.73 500.10 Td (ef) Tj ET Q q 0 0 0 rg BT 296.32 500.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 333.83 500.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 368.02 500.10 Td (such ) Tj ET Q q 0 0 0 rg BT 388.89 500.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 435.02 500.10 Td (As ) Tj ET Q q 0 0 0 rg BT 448.66 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 455.64 500.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 482.89 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.86 500.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 534.61 500.10 Td (number ) Tj ET Q q 0 0 0 rg BT 567.69 500.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 488.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 74.71 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 83.99 488.10 Td (this ) Tj ET Q q 0 0 0 rg BT 99.94 488.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 134.77 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.60 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.32 488.10 Td (of) Tj ET Q q 0 0 0 rg BT 166.47 488.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 192.97 488.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 240.01 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.95 488.10 Td (production ) Tj ET Q q 0 0 0 rg BT 300.78 488.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 335.06 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.77 488.10 Td (either ) Tj ET Q q 0 0 0 rg BT 373.04 488.10 Td (national ) Tj ET Q q 0 0 0 rg BT 406.75 488.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 418.81 488.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 465.58 488.10 Td (major ) Tj ET Q q 0 0 0 rg BT 490.41 488.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.47 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.41 488.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 533.24 488.10 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 476.10 Td (or ) Tj ET Q q 0 0 0 rg BT 46.19 476.10 Td (well-capitalized ) Tj ET Q q 0 0 0 rg BT 111.90 476.10 Td (lar) Tj ET Q q 0 0 0 rg BT 122.27 476.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 133.57 476.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 184.30 476.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.72 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.02 476.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 228.21 476.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 275.33 476.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 292.74 476.10 Td (current ) Tj ET Q q 0 0 0 rg BT 322.92 476.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 365.33 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 379.39 476.10 Td (Statoil, ) Tj ET Q q 0 0 0 rg BT 409.87 476.10 Td (ConocoPhillips, ) Tj ET Q q 0 0 0 rg BT 475.90 476.10 Td (Shell, ) Tj ET Q q 0 0 0 rg BT 500.69 476.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.10 476.10 Td (otal, ) Tj ET Q q 0 0 0 rg BT 525.45 476.10 Td (ExxonMobil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.76 464.10 Td (Centrica, ) Tj ET Q q 0 0 0 rg BT 91.45 464.10 Td (including ) Tj ET Q q 0 0 0 rg BT 131.54 464.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 161.06 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.71 464.10 Td (their ) Tj ET Q q 0 0 0 rg BT 192.36 464.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 241.89 464.10 Td (For ) Tj ET Q q 0 0 0 rg BT 258.10 464.10 Td (year ) Tj ET Q q 0 0 0 rg BT 277.63 464.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 307.17 464.10 Td (December ) Tj ET Q q 0 0 0 rg BT 350.57 464.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 365.39 464.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 390.21 464.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 418.64 464.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 461.49 464.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.47 464.10 Td (57%, ) Tj ET Q q 0 0 0 rg BT 498.62 464.10 Td (Shell ) Tj ET Q q 0 0 0 rg BT 521.50 464.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 564.35 464.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 452.10 Td (14%, ) Tj ET Q q 0 0 0 rg BT 59.01 452.10 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 111.74 452.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 154.45 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.29 452.10 Td (12% ) Tj ET Q q 0 0 0 rg BT 188.79 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.25 452.10 Td (T) Tj ET Q q 0 0 0 rg BT 210.66 452.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 227.83 452.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 270.54 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.38 452.10 Td (13% ) Tj ET Q q 0 0 0 rg BT 304.89 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.39 452.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.90 452.10 Td (total ) Tj ET Q q 0 0 0 rg BT 350.85 452.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 391.06 452.10 Td (For ) Tj ET Q q 0 0 0 rg BT 407.13 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.52 452.10 Td (year ) Tj ET Q q 0 0 0 rg BT 440.91 452.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 466.96 452.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 525.22 452.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 549.90 452.10 Td (Statoil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 440.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 78.91 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 92.94 440.10 Td (46%, ) Tj ET Q q 0 0 0 rg BT 116.15 440.10 Td (Shell ) Tj ET Q q 0 0 0 rg BT 139.08 440.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 181.98 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.02 440.10 Td (17%, ) Tj ET Q q 0 0 0 rg BT 219.05 440.10 Td (T) Tj ET Q q 0 0 0 rg BT 224.46 440.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 241.83 440.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 284.74 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.77 440.10 Td (16% ) Tj ET Q q 0 0 0 rg BT 319.48 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.29 440.10 Td (BG ) Tj ET Q q 0 0 0 rg BT 352.56 440.10 Td (Nor) Tj ET Q q 0 0 0 rg BT 367.93 440.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 379.74 440.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 413.77 440.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 456.68 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.72 440.10 Td (13% ) Tj ET Q q 0 0 0 rg BT 491.42 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.13 440.10 Td (our ) Tj ET Q q 0 0 0 rg BT 517.83 440.10 Td (total ) Tj ET Q q 0 0 0 rg BT 537.98 440.10 Td (revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 428.10 Td (All ) Tj ET Q q 0 0 0 rg BT 51.25 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.06 428.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.86 428.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 109.78 428.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 148.35 428.10 Td (have ) Tj ET Q q 0 0 0 rg BT 169.70 428.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 192.72 428.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 219.91 428.10 Td (but ) Tj ET Q q 0 0 0 rg BT 235.17 428.10 Td (may ) Tj ET Q q 0 0 0 rg BT 254.86 428.10 Td (be ) Tj ET Q q 0 0 0 rg BT 266.77 428.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 312.00 428.10 Td (early ) Tj ET Q q 0 0 0 rg BT 334.46 428.10 Td (due ) Tj ET Q q 0 0 0 rg BT 351.38 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.63 428.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 391.31 428.10 Td (events ) Tj ET Q q 0 0 0 rg BT 419.33 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.13 428.10 Td (we ) Tj ET Q q 0 0 0 rg BT 444.27 428.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.96 428.10 Td (be ) Tj ET Q q 0 0 0 rg BT 475.87 428.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 505.00 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.25 428.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 544.37 428.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 416.10 Td (under ) Tj ET Q q 0 0 0 rg BT 61.10 416.10 Td (these ) Tj ET Q q 0 0 0 rg BT 83.98 416.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 122.41 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.52 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.07 416.10 Td (event ) Tj ET Q q 0 0 0 rg BT 171.06 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.73 416.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 237.93 416.10 Td (developments, ) Tj ET Q q 0 0 0 rg BT 298.30 416.10 Td (such ) Tj ET Q q 0 0 0 rg BT 318.97 416.10 Td (as ) Tj ET Q q 0 0 0 rg BT 329.63 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.18 416.10 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 397.61 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.72 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.27 416.10 Td (general ) Tj ET Q q 0 0 0 rg BT 454.03 416.10 Td (business ) Tj ET Q q 0 0 0 rg BT 490.25 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 500.92 416.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 538.23 416.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.66 404.10 Td (a ) Tj ET Q q 0 0 0 rg BT 55.43 404.10 Td (customer) Tj ET Q q 0 0 0 rg BT 91.68 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 97.51 404.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 135.83 404.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.94 404.10 Td (its ) Tj ET Q q 0 0 0 rg BT 159.72 404.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 196.38 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.49 404.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 230.25 404.10 Td (its ) Tj ET Q q 0 0 0 rg BT 243.03 404.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 290.80 404.10 Td (under ) Tj ET Q q 0 0 0 rg BT 316.90 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.56 404.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 375.24 404.10 Td (W) Tj ET Q q 0 0 0 rg BT 383.88 404.10 Td (e ) Tj ET Q q 0 0 0 rg BT 391.64 404.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 421.07 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 439.39 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.05 404.10 Td (future ) Tj ET Q q 0 0 0 rg BT 483.26 404.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 527.13 404.10 Td (will ) Tj ET Q q 0 0 0 rg BT 546.02 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 558.78 404.10 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 392.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 80.71 392.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 127.39 392.10 Td (including ) Tj ET Q q 0 0 0 rg BT 166.57 392.10 Td (state ) Tj ET Q q 0 0 0 rg BT 186.30 392.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 214.37 392.10 Td (national ) Tj ET Q q 0 0 0 rg BT 247.99 392.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 259.96 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.80 392.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 290.54 392.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 337.22 392.10 Td (major ) Tj ET Q q 0 0 0 rg BT 361.95 392.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 403.34 392.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 415.30 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.15 392.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 445.89 392.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 490.06 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.91 392.10 Td (lar) Tj ET Q q 0 0 0 rg BT 516.28 392.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 527.12 392.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 380.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 84.04 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.98 380.10 Td (production ) Tj ET Q q 0 0 0 rg BT 146.81 380.10 Td (companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 344.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 320.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.57 320.10 Td (of) Tj ET Q q 0 0 0 rg BT 98.72 320.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 126.73 320.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 159.19 320.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 194.99 320.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.69 320.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 233.26 320.10 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 285.99 320.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.79 320.10 Td (market ) Tj ET Q q 0 0 0 rg BT 337.58 320.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 387.25 320.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 420.82 320.10 Td (from ) Tj ET Q q 0 0 0 rg BT 443.28 320.10 Td (lar) Tj ET Q q 0 0 0 rg BT 453.64 320.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 466.10 320.10 Td (multinational ) Tj ET Q q 0 0 0 rg BT 522.45 320.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 568.24 320.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 308.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 67.93 308.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 113.20 308.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.48 308.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 158.73 308.10 Td (than ) Tj ET Q q 0 0 0 rg BT 178.45 308.10 Td (five ) Tj ET Q q 0 0 0 rg BT 196.50 308.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 228.44 308.10 Td (rigs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 284.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.08 284.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 124.28 284.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.47 284.10 Td (of) Tj ET Q q 0 0 0 rg BT 146.62 284.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 174.15 284.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 206.13 284.10 Td (services ) Tj ET Q q 0 0 0 rg BT 240.87 284.10 Td (is ) Tj ET Q q 0 0 0 rg BT 250.08 284.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 278.16 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.70 284.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 303.79 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.77 284.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 336.63 284.10 Td (companies) Tj ET Q q 0 0 0 rg BT 381.99 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.52 284.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 432.60 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.58 284.10 Td (development ) Tj ET Q q 0 0 0 rg BT 503.76 284.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 535.74 284.10 Td (programs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 272.10 Td (These ) Tj ET Q q 0 0 0 rg BT 62.38 272.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 94.32 272.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 134.59 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 149.30 272.10 Td (af) Tj ET Q q 0 0 0 rg BT 156.88 272.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 183.81 272.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.31 272.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 209.36 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.30 272.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 242.13 272.10 Td (companies) Tj ET Q q 0 0 0 rg BT 287.48 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.98 272.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 342.46 272.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 383.28 272.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 396.34 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.28 272.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 429.11 272.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 457.98 272.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 504.35 272.10 Td (production ) Tj ET Q q 0 0 0 rg BT 550.17 272.10 Td (levels, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 260.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 81.55 260.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 115.99 260.10 Td (for ) Tj ET Q q 0 0 0 rg BT 130.43 260.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 143.77 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.99 260.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 177.10 260.10 Td (products ) Tj ET Q q 0 0 0 rg BT 214.32 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.54 260.10 Td (many ) Tj ET Q q 0 0 0 rg BT 256.54 260.10 Td (other ) Tj ET Q q 0 0 0 rg BT 279.87 260.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 312.16 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 330.49 260.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 378.26 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.37 260.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 419.92 260.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 452.15 260.10 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 495.20 260.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 543.53 260.10 Td (success, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 248.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 83.64 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.63 248.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 132.83 248.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 150.48 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.58 248.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 208.00 248.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 252.03 248.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 284.67 248.10 Td (production ) Tj ET Q q 0 0 0 rg BT 330.65 248.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 355.80 248.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 403.45 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.54 248.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 439.85 248.10 Td (time ) Tj ET Q q 0 0 0 rg BT 460.28 248.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 515.14 248.10 Td (for ) Tj ET Q q 0 0 0 rg BT 529.46 248.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 561.56 248.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 236.10 Td (production ) Tj ET Q q 0 0 0 rg BT 83.01 236.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 131.41 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.31 236.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 171.54 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.55 236.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 222.77 236.10 Td (development ) Tj ET Q q 0 0 0 rg BT 278.11 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.23 236.10 Td (political ) Tj ET Q q 0 0 0 rg BT 332.68 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.80 236.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 395.58 236.10 Td (environments ) Tj ET Q q 0 0 0 rg BT 453.70 236.10 Td (also ) Tj ET Q q 0 0 0 rg BT 473.49 236.10 Td (af) Tj ET Q q 0 0 0 rg BT 481.08 236.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 499.75 236.10 Td (customers) Tj ET Q q 0 0 0 rg BT 542.88 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.57 236.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 224.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 78.79 224.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 94.09 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.05 224.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 126.90 224.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 153.30 224.10 Td (are ) Tj ET Q q 0 0 0 rg BT 168.03 224.10 Td (volatile, ) Tj ET Q q 0 0 0 rg BT 203.04 224.10 Td (which ) Tj ET Q q 0 0 0 rg BT 230.00 224.10 Td (has ) Tj ET Q q 0 0 0 rg BT 245.86 224.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 293.37 224.10 Td (led ) Tj ET Q q 0 0 0 rg BT 308.11 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.41 224.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 363.14 224.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 412.88 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.18 224.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 476.79 224.10 Td (by ) Tj ET Q q 0 0 0 rg BT 489.31 224.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 532.38 224.10 Td (for ) Tj ET Q q 0 0 0 rg BT 546.56 224.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 212.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 72.77 212.10 Td (V) Tj ET Q q 0 0 0 rg BT 78.88 212.10 Td (ariations ) Tj ET Q q 0 0 0 rg BT 115.53 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.53 212.10 Td (market ) Tj ET Q q 0 0 0 rg BT 155.51 212.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 199.40 212.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 228.83 212.10 Td (us ) Tj ET Q q 0 0 0 rg BT 239.94 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.94 212.10 Td (dif) Tj ET Q q 0 0 0 rg BT 260.86 212.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 286.40 212.10 Td (ways, ) Tj ET Q q 0 0 0 rg BT 311.67 212.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 355.54 212.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 394.98 212.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.19 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.63 212.10 Td (length ) Tj ET Q q 0 0 0 rg BT 448.85 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.39 212.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 491.06 212.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 529.37 212.10 Td (we ) Tj ET Q q 0 0 0 rg BT 543.25 212.10 Td (have ) Tj ET Q q 0 0 0 rg BT 564.35 212.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 200.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.04 200.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 72.24 200.10 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 118.27 200.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 153.18 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.67 200.10 Td (these ) Tj ET Q q 0 0 0 rg BT 186.92 200.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 221.28 200.10 Td (may ) Tj ET Q q 0 0 0 rg BT 241.20 200.10 Td (have ) Tj ET Q q 0 0 0 rg BT 262.78 200.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.93 200.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 305.96 200.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 350.32 200.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 380.24 200.10 Td (on ) Tj ET Q q 0 0 0 rg BT 392.94 200.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 431.19 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.33 200.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 468.80 200.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 496.23 200.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 523.93 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.86 200.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 567.67 200.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 188.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 70.70 188.10 Td (renewals ) Tj ET Q q 0 0 0 rg BT 108.74 188.10 Td (coincides ) Tj ET Q q 0 0 0 rg BT 149.00 188.10 Td (with ) Tj ET Q q 0 0 0 rg BT 169.28 188.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 213.44 188.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 262.04 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.32 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.04 188.10 Td (market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 164.10 Td (Of) Tj ET Q q 0 0 0 rg BT 82.37 164.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 110.50 164.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 143.08 164.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 182.31 164.10 Td (are ) Tj ET Q q 0 0 0 rg BT 197.65 164.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 237.99 164.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 274.99 164.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.13 164.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.70 164.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 346.05 164.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 361.96 164.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 385.10 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.56 164.10 Td (through ) Tj ET Q q 0 0 0 rg BT 430.81 164.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 469.49 164.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 514.27 164.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 567.67 164.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 152.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 86.74 152.10 Td (which ) Tj ET Q q 0 0 0 rg BT 113.61 152.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 151.57 152.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 183.44 152.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 226.39 152.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.49 152.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 271.78 152.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.64 152.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 315.76 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.40 152.10 Td (key ) Tj ET Q q 0 0 0 rg BT 347.27 152.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 376.90 152.10 Td (are ) Tj ET Q q 0 0 0 rg BT 391.53 152.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 424.78 152.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 438.31 152.10 Td (availability) Tj ET Q q 0 0 0 rg BT 482.64 152.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.57 152.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 501.10 152.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 538.23 152.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 51.96 140.10 Td (integrity ) Tj ET Q q 0 0 0 rg BT 87.37 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.22 140.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 143.45 140.10 Td (its ) Tj ET Q q 0 0 0 rg BT 154.42 140.10 Td (record ) Tj ET Q q 0 0 0 rg BT 181.48 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.33 140.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 230.62 140.10 Td (ef) Tj ET Q q 0 0 0 rg BT 238.21 140.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 269.76 140.10 Td (, ) Tj ET Q q 0 0 0 rg BT 273.78 140.10 Td (including ) Tj ET Q q 0 0 0 rg BT 313.08 140.10 Td (high ) Tj ET Q q 0 0 0 rg BT 332.38 140.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 371.67 140.10 Td (uptime, ) Tj ET Q q 0 0 0 rg BT 403.46 140.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 441.07 140.10 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 500.08 140.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 525.48 140.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 128.10 Td (record, ) Tj ET Q q 0 0 0 rg BT 66.54 128.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 88.47 128.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 136.77 128.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 182.31 128.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 217.59 128.10 Td (standing ) Tj ET Q q 0 0 0 rg BT 253.97 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.91 128.10 Td (client ) Tj ET Q q 0 0 0 rg BT 295.62 128.10 Td (relations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 104.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 124.08 104.10 Td (for ) Tj ET Q q 0 0 0 rg BT 137.83 104.10 Td (of) Tj ET Q q 0 0 0 rg BT 145.97 104.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 173.05 104.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 204.57 104.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 221.66 104.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.41 104.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 269.69 104.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.78 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.30 104.10 Td (global ) Tj ET Q q 0 0 0 rg BT 315.37 104.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 339.96 104.10 Td (as ) Tj ET Q q 0 0 0 rg BT 350.37 104.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 367.45 104.10 Td (are ) Tj ET Q q 0 0 0 rg BT 381.74 104.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 409.38 104.10 Td (mobile. ) Tj ET Q q 0 0 0 rg BT 441.74 104.10 Td (However) Tj ET Q q 0 0 0 rg BT 477.99 104.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.57 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.87 104.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 515.06 104.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 558.24 104.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 92.10 Td (mobilizing ) Tj ET Q q 0 0 0 rg BT 81.46 92.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 98.58 92.10 Td (between ) Tj ET Q q 0 0 0 rg BT 134.02 92.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 165.59 92.10 Td (is ) Tj ET Q q 0 0 0 rg BT 174.39 92.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 219.29 92.10 Td (substantial, ) Tj ET Q q 0 0 0 rg BT 266.69 92.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.14 92.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 312.03 92.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.60 92.10 Td (new ) Tj ET Q q 0 0 0 rg BT 337.38 92.10 Td (region ) Tj ET Q q 0 0 0 rg BT 365.06 92.10 Td (could ) Tj ET Q q 0 0 0 rg BT 389.40 92.10 Td (necessitate ) Tj ET Q q 0 0 0 rg BT 434.84 92.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 491.95 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.41 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.75 92.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 548.32 92.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 561.56 92.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 80.10 Td (its ) Tj ET Q q 0 0 0 rg BT 48.68 80.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 94.12 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.13 80.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 139.46 80.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 175.45 80.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 233.39 80.10 Td (For ) Tj ET Q q 0 0 0 rg BT 250.51 80.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 290.11 80.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 322.79 80.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 341.02 80.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 382.01 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.02 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.47 80.10 Td (North ) Tj ET Q q 0 0 0 rg BT 434.32 80.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 469.76 80.10 Td (Region ) Tj ET Q q 0 0 0 rg BT 501.88 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.55 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.56 80.10 Td (other ) Tj ET Q q 0 0 0 rg BT 554.34 80.10 Td (harsh ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 68.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 87.90 68.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 118.70 68.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 156.16 68.10 Td (require ) Tj ET Q q 0 0 0 rg BT 185.83 68.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 231.61 68.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 275.18 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.98 68.10 Td (modifications, ) Tj ET Q q 0 0 0 rg BT 349.82 68.10 Td (including ) Tj ET Q q 0 0 0 rg BT 388.95 68.10 Td (without ) Tj ET Q q 0 0 0 rg BT 420.87 68.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 463.61 68.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 492.19 68.10 Td (structuring ) Tj ET Q q 0 0 0 rg BT 536.87 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 546.56 68.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 56.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 49.93 56.10 Td (hulls ) Tj ET Q q 0 0 0 rg BT 72.21 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.47 56.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 132.84 56.10 Td (from ) Tj ET Q q 0 0 0 rg BT 155.11 56.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 194.03 56.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.64 56.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 239.11 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.37 56.10 Td (low ) Tj ET Q q 0 0 0 rg BT 274.20 56.10 Td (temperatures. ) Tj ET Q q 0 0 0 rg BT 331.17 56.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 348.99 56.10 Td (all ) Tj ET Q q 0 0 0 rg BT 361.81 56.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 379.64 56.10 Td (can ) Tj ET Q q 0 0 0 rg BT 396.34 56.10 Td (be ) Tj ET Q q 0 0 0 rg BT 408.61 56.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 447.54 56.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.14 56.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 490.39 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.00 56.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 525.48 56.10 Td (environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 44.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 81.72 44.10 Td (The ) Tj ET Q q 0 0 0 rg BT 98.95 44.10 Td (lar) Tj ET Q q 0 0 0 rg BT 109.31 44.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 120.43 44.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 165.99 44.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.45 44.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 221.55 44.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.56 44.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 269.34 44.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 300.46 44.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 344.35 44.10 Td (required ) Tj ET Q q 0 0 0 rg BT 379.34 44.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.80 44.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 419.90 44.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.36 44.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 452.70 44.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 504.92 44.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 548.26 44.10 Td (creates ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (barriers ) Tj ET Q q 0 0 0 rg BT 69.12 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.47 749.10 Td (entry) Tj ET Q q 0 0 0 rg BT 99.37 749.10 Td (. ) Tj ET Q q 0 0 0 rg BT 104.45 749.10 Td (In ) Tj ET Q q 0 0 0 rg BT 115.36 749.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 153.21 749.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 188.00 749.10 Td (imposes ) Tj ET Q q 0 0 0 rg BT 223.35 749.10 Td (added ) Tj ET Q q 0 0 0 rg BT 249.81 749.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 304.59 749.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.83 749.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 350.85 749.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 390.36 749.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 433.21 749.10 Td (among ) Tj ET Q q 0 0 0 rg BT 463.00 749.10 Td (other ) Tj ET Q q 0 0 0 rg BT 486.13 749.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 515.65 749.10 Td (strict ) Tj ET Q q 0 0 0 rg BT 538.23 749.10 Td (standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 71.28 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.80 737.10 Td (safety) Tj ET Q q 0 0 0 rg BT 107.03 737.10 Td (, ) Tj ET Q q 0 0 0 rg BT 114.27 737.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 148.45 737.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 164.30 737.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 205.13 737.10 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 267.35 737.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 291.52 737.10 Td (accommodations ) Tj ET Q q 0 0 0 rg BT 364.02 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.20 737.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 415.15 737.10 Td (other ) Tj ET Q q 0 0 0 rg BT 440.43 737.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 491.26 737.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 535.71 737.10 Td (known ) Tj ET Q q 0 0 0 rg BT 567.67 737.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (Acknowledgment ) Tj ET Q q 0 0 0 rg BT 109.96 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.15 725.10 Td (Compliance, ) Tj ET Q q 0 0 0 rg BT 174.83 725.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.39 725.10 Td (AOC, ) Tj ET Q q 0 0 0 rg BT 211.86 725.10 Td (which ) Tj ET Q q 0 0 0 rg BT 239.16 725.10 Td (must ) Tj ET Q q 0 0 0 rg BT 261.47 725.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.77 725.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 309.96 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.60 725.10 Td (order ) Tj ET Q q 0 0 0 rg BT 344.56 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.20 725.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 387.48 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.12 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.20 725.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 460.49 725.10 Td (Continental ) Tj ET Q q 0 0 0 rg BT 510.01 725.10 Td (Shelf. ) Tj ET Q q 0 0 0 rg BT 535.85 725.10 Td (All ) Tj ET Q q 0 0 0 rg BT 551.49 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.68 725.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.94 713.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 85.44 713.10 Td (meet, ) Tj ET Q q 0 0 0 rg BT 109.88 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 120.71 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 135.41 713.10 Td (being ) Tj ET Q q 0 0 0 rg BT 160.13 713.10 Td (constructed ) Tj ET Q q 0 0 0 rg BT 208.72 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.00 713.10 Td (meet, ) Tj ET Q q 0 0 0 rg BT 242.88 713.10 Td (AOC ) Tj ET Q q 0 0 0 rg BT 266.50 713.10 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 689.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.14 689.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 120.08 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.14 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.43 689.10 Td (market ) Tj ET Q q 0 0 0 rg BT 184.26 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.98 689.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 231.49 689.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 270.65 689.10 Td (will ) Tj ET Q q 0 0 0 rg BT 289.28 689.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 326.78 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.62 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 350.13 689.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 378.75 689.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 429.02 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 443.75 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.03 689.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 507.62 689.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 536.84 689.10 Td (While ) Tj ET Q q 0 0 0 rg BT 564.34 689.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 68.54 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 87.21 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.21 677.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 125.64 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.65 677.10 Td (well-maintained ) Tj ET Q q 0 0 0 rg BT 206.29 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.40 677.10 Td (technologically ) Tj ET Q q 0 0 0 rg BT 289.72 677.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 331.14 677.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 364.26 677.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 382.93 677.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 421.04 677.10 Td (us ) Tj ET Q q 0 0 0 rg BT 433.60 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 455.05 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.16 677.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 514.04 677.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 558.24 677.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 85.93 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 106.43 665.10 Td (older ) Tj ET Q q 0 0 0 rg BT 129.69 665.10 Td (fleets, ) Tj ET Q q 0 0 0 rg BT 156.57 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.62 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.67 665.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 215.83 665.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 233.55 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 248.47 665.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 288.39 665.10 Td (better ) Tj ET Q q 0 0 0 rg BT 313.88 665.10 Td (suited ) Tj ET Q q 0 0 0 rg BT 340.48 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.98 665.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 373.13 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.07 665.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 442.99 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.04 665.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 497.30 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.68 665.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 543.84 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.34 665.10 Td (harsh ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (environments, ) Tj ET Q q 0 0 0 rg BT 95.38 653.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 125.03 653.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 174.69 653.10 Td (may ) Tj ET Q q 0 0 0 rg BT 194.36 653.10 Td (have ) Tj ET Q q 0 0 0 rg BT 215.69 653.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 245.89 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.32 653.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 323.52 653.10 Td (than ) Tj ET Q q 0 0 0 rg BT 343.19 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 357.30 653.10 Td (do, ) Tj ET Q q 0 0 0 rg BT 372.25 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 399.13 653.10 Td (may ) Tj ET Q q 0 0 0 rg BT 418.80 653.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 447.34 653.10 Td (them ) Tj ET Q q 0 0 0 rg BT 469.79 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.01 653.10 Td (better ) Tj ET Q q 0 0 0 rg BT 505.23 653.10 Td (withstand ) Tj ET Q q 0 0 0 rg BT 546.56 653.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 641.10 Td (low ) Tj ET Q q 0 0 0 rg BT 64.33 641.10 Td (utilization, ) Tj ET Q q 0 0 0 rg BT 109.88 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.82 641.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 163.19 641.10 Td (more ) Tj ET Q q 0 0 0 rg BT 186.23 641.10 Td (ef) Tj ET Q q 0 0 0 rg BT 193.82 641.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 231.30 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.80 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.52 641.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 281.02 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.85 641.10 Td (price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 60.27 617.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 102.77 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.39 617.10 Td (Other) Tj ET Q q 0 0 0 rg BT 146.76 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.26 617.10 Td (Regulations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 589.45 Td (Envir) Tj ET Q q 0 0 0 rg BT 57.84 589.45 Td (onmental ) Tj ET Q q 0 0 0 rg BT 96.09 589.45 Td (and ) Tj ET Q q 0 0 0 rg BT 112.85 589.45 Td (Other) Tj ET Q q 0 0 0 rg BT 135.68 589.45 Td ( ) Tj ET Q q 0 0 0 rg BT 137.93 589.45 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 185.69 589.45 Td (in ) Tj ET Q q 0 0 0 rg BT 195.44 589.45 Td (the ) Tj ET Q q 0 0 0 rg BT 209.69 589.45 Td (Offshor) Tj ET Q q 0 0 0 rg BT 239.52 589.45 Td (e ) Tj ET Q q 0 0 0 rg BT 245.77 589.45 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 278.02 589.45 Td (Industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 560.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.58 560.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 135.25 560.05 Td (are ) Tj ET Q q 0 0 0 rg BT 150.49 560.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 181.83 560.05 Td (to ) Tj ET Q q 0 0 0 rg BT 192.64 560.05 Td (numerous ) Tj ET Q q 0 0 0 rg BT 235.10 560.05 Td (laws ) Tj ET Q q 0 0 0 rg BT 256.45 560.05 Td (and ) Tj ET Q q 0 0 0 rg BT 273.92 560.05 Td (regulations ) Tj ET Q q 0 0 0 rg BT 321.37 560.05 Td (in ) Tj ET Q q 0 0 0 rg BT 332.18 560.05 Td (the ) Tj ET Q q 0 0 0 rg BT 347.42 560.05 Td (form ) Tj ET Q q 0 0 0 rg BT 369.88 560.05 Td (of ) Tj ET Q q 0 0 0 rg BT 381.23 560.05 Td (international ) Tj ET Q q 0 0 0 rg BT 434.79 560.05 Td (treaties ) Tj ET Q q 0 0 0 rg BT 466.69 560.05 Td (and ) Tj ET Q q 0 0 0 rg BT 484.15 560.05 Td (maritime ) Tj ET Q q 0 0 0 rg BT 523.27 560.05 Td (regimes, ) Tj ET Q q 0 0 0 rg BT 560.45 560.05 Td (flag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 548.05 Td (state ) Tj ET Q q 0 0 0 rg BT 59.66 548.05 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 119.69 548.05 Td (national ) Tj ET Q q 0 0 0 rg BT 157.24 548.05 Td (environmental ) Tj ET Q q 0 0 0 rg BT 220.33 548.05 Td (laws ) Tj ET Q q 0 0 0 rg BT 243.99 548.05 Td (and ) Tj ET Q q 0 0 0 rg BT 263.76 548.05 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 316.03 548.05 Td (navigation ) Tj ET Q q 0 0 0 rg BT 363.57 548.05 Td (and ) Tj ET Q q 0 0 0 rg BT 383.34 548.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 426.44 548.05 Td (permits ) Tj ET Q q 0 0 0 rg BT 461.77 548.05 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 521.80 548.05 Td (local ) Tj ET Q q 0 0 0 rg BT 546.57 548.05 Td (content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 536.05 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 93.38 536.05 Td (and ) Tj ET Q q 0 0 0 rg BT 110.50 536.05 Td (other ) Tj ET Q q 0 0 0 rg BT 133.73 536.05 Td (national, ) Tj ET Q q 0 0 0 rg BT 171.12 536.05 Td (state ) Tj ET Q q 0 0 0 rg BT 192.12 536.05 Td (and ) Tj ET Q q 0 0 0 rg BT 209.24 536.05 Td (local ) Tj ET Q q 0 0 0 rg BT 231.35 536.05 Td (laws ) Tj ET Q q 0 0 0 rg BT 252.36 536.05 Td (and ) Tj ET Q q 0 0 0 rg BT 269.48 536.05 Td (regulations ) Tj ET Q q 0 0 0 rg BT 316.60 536.05 Td (in ) Tj ET Q q 0 0 0 rg BT 327.05 536.05 Td (force ) Tj ET Q q 0 0 0 rg BT 350.27 536.05 Td (in ) Tj ET Q q 0 0 0 rg BT 360.73 536.05 Td (the ) Tj ET Q q 0 0 0 rg BT 375.63 536.05 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 427.75 536.05 Td (in ) Tj ET Q q 0 0 0 rg BT 438.21 536.05 Td (which ) Tj ET Q q 0 0 0 rg BT 465.32 536.05 Td (our ) Tj ET Q q 0 0 0 rg BT 481.33 536.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 513.46 536.05 Td (units ) Tj ET Q q 0 0 0 rg BT 535.58 536.05 Td (operate ) Tj ET Q q 0 0 0 rg BT 567.69 536.05 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 524.05 Td (are ) Tj ET Q q 0 0 0 rg BT 50.72 524.05 Td (registered, ) Tj ET Q q 0 0 0 rg BT 95.16 524.05 Td (which ) Tj ET Q q 0 0 0 rg BT 122.12 524.05 Td (can ) Tj ET Q q 0 0 0 rg BT 138.51 524.05 Td (significantly ) Tj ET Q q 0 0 0 rg BT 191.02 524.05 Td (af) Tj ET Q q 0 0 0 rg BT 198.60 524.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 216.11 524.05 Td (the ) Tj ET Q q 0 0 0 rg BT 230.84 524.05 Td (ownership ) Tj ET Q q 0 0 0 rg BT 275.02 524.05 Td (and ) Tj ET Q q 0 0 0 rg BT 291.97 524.05 Td (operation ) Tj ET Q q 0 0 0 rg BT 332.25 524.05 Td (of ) Tj ET Q q 0 0 0 rg BT 343.10 524.05 Td (our ) Tj ET Q q 0 0 0 rg BT 358.94 524.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.90 524.05 Td (units. ) Tj ET Q q 0 0 0 rg BT 415.37 524.05 Td (See ) Tj ET Q q 0 0 0 rg BT 432.32 524.05 Td (Item ) Tj ET Q q 0 0 0 rg BT 453.16 524.05 Td (3. ) Tj ET Q q 0 0 0 rg BT 463.18 524.05 Td (Key ) Tj ET Q q 0 0 0 rg BT 482.35 524.05 Td (Information ) Tj ET Q q 0 0 0 rg BT 532.63 524.05 Td (- ) Tj ET Q q 0 0 0 rg BT 538.48 524.05 Td (D. ) Tj ET Q q 0 0 0 rg BT 550.72 524.05 Td ( ) Tj ET Q q 0 0 0 rg BT 553.23 524.05 Td (Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 512.05 Td (Factors ) Tj ET Q q 0 0 0 rg BT 68.19 512.05 Td (- ) Tj ET Q q 0 0 0 rg BT 74.28 512.05 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 134.24 512.05 Td (laws ) Tj ET Q q 0 0 0 rg BT 155.32 512.05 Td (and ) Tj ET Q q 0 0 0 rg BT 172.52 512.05 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 222.21 512.05 Td (including ) Tj ET Q q 0 0 0 rg BT 262.73 512.05 Td (environmental ) Tj ET Q q 0 0 0 rg BT 323.25 512.05 Td (laws ) Tj ET Q q 0 0 0 rg BT 344.33 512.05 Td (and ) Tj ET Q q 0 0 0 rg BT 361.53 512.05 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 411.22 512.05 Td (may ) Tj ET Q q 0 0 0 rg BT 431.19 512.05 Td (add ) Tj ET Q q 0 0 0 rg BT 448.38 512.05 Td (to ) Tj ET Q q 0 0 0 rg BT 458.92 512.05 Td (our ) Tj ET Q q 0 0 0 rg BT 475.00 512.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 497.76 512.05 Td (or ) Tj ET Q q 0 0 0 rg BT 508.84 512.05 Td (limit ) Tj ET Q q 0 0 0 rg BT 530.49 512.05 Td (our ) Tj ET Q q 0 0 0 rg BT 546.57 512.05 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 500.05 Td (activity) Tj ET Q q 0 0 0 rg BT 65.34 500.05 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 476.05 Td (Flag ) Tj ET Q q 0 0 0 rg BT 57.39 476.05 Td (State ) Tj ET Q q 0 0 0 rg BT 79.88 476.05 Td (Requir) Tj ET Q q 0 0 0 rg BT 106.73 476.05 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 452.05 Td (All ) Tj ET Q q 0 0 0 rg BT 86.65 452.05 Td (of ) Tj ET Q q 0 0 0 rg BT 96.86 452.05 Td (our ) Tj ET Q q 0 0 0 rg BT 112.06 452.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 143.38 452.05 Td (units ) Tj ET Q q 0 0 0 rg BT 164.71 452.05 Td (are ) Tj ET Q q 0 0 0 rg BT 178.79 452.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 208.99 452.05 Td (to ) Tj ET Q q 0 0 0 rg BT 218.64 452.05 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 261.61 452.05 Td (requirements ) Tj ET Q q 0 0 0 rg BT 315.69 452.05 Td (of ) Tj ET Q q 0 0 0 rg BT 325.89 452.05 Td (the ) Tj ET Q q 0 0 0 rg BT 339.98 452.05 Td (flag ) Tj ET Q q 0 0 0 rg BT 357.41 452.05 Td (state ) Tj ET Q q 0 0 0 rg BT 377.61 452.05 Td (where ) Tj ET Q q 0 0 0 rg BT 403.91 452.05 Td (the ) Tj ET Q q 0 0 0 rg BT 418.00 452.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 449.32 452.05 Td (unit ) Tj ET Q q 0 0 0 rg BT 466.75 452.05 Td (is ) Tj ET Q q 0 0 0 rg BT 475.30 452.05 Td (registered. ) Tj ET Q q 0 0 0 rg BT 519.09 452.05 Td ( ) Tj ET Q q 0 0 0 rg BT 520.83 452.05 Td (These ) Tj ET Q q 0 0 0 rg BT 546.59 452.05 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 440.05 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 88.70 440.05 Td (safety ) Tj ET Q q 0 0 0 rg BT 115.57 440.05 Td (and ) Tj ET Q q 0 0 0 rg BT 133.00 440.05 Td (other ) Tj ET Q q 0 0 0 rg BT 156.54 440.05 Td (requirements ) Tj ET Q q 0 0 0 rg BT 211.74 440.05 Td (related ) Tj ET Q q 0 0 0 rg BT 241.94 440.05 Td (to ) Tj ET Q q 0 0 0 rg BT 252.71 440.05 Td (the ) Tj ET Q q 0 0 0 rg BT 267.92 440.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 300.36 440.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 336.13 440.05 Td (and ) Tj ET Q q 0 0 0 rg BT 353.56 440.05 Td (to ) Tj ET Q q 0 0 0 rg BT 364.34 440.05 Td (maritime ) Tj ET Q q 0 0 0 rg BT 403.43 440.05 Td (vessels ) Tj ET Q q 0 0 0 rg BT 434.76 440.05 Td (in ) Tj ET Q q 0 0 0 rg BT 445.53 440.05 Td (general. ) Tj ET Q q 0 0 0 rg BT 480.45 440.05 Td (In ) Tj ET Q q 0 0 0 rg BT 491.77 440.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 530.04 440.05 Td (each ) Tj ET Q q 0 0 0 rg BT 551.35 440.05 Td (of ) Tj ET Q q 0 0 0 rg BT 562.67 440.05 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 428.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.63 428.05 Td (units ) Tj ET Q q 0 0 0 rg BT 89.26 428.05 Td (must ) Tj ET Q q 0 0 0 rg BT 110.90 428.05 Td (be ) Tj ET Q q 0 0 0 rg BT 122.52 428.05 Td (classed ) Tj ET Q q 0 0 0 rg BT 162.46 428.05 Td (by ) Tj ET Q q 0 0 0 rg BT 174.64 428.05 Td (a ) Tj ET Q q 0 0 0 rg BT 181.27 428.05 Td (classification ) Tj ET Q q 0 0 0 rg BT 236.21 428.05 Td (society) Tj ET Q q 0 0 0 rg BT 263.89 428.05 Td (. ) Tj ET Q q 0 0 0 rg BT 268.41 428.05 Td (The ) Tj ET Q q 0 0 0 rg BT 286.15 428.05 Td (classification ) Tj ET Q q 0 0 0 rg BT 341.09 428.05 Td (society ) Tj ET Q q 0 0 0 rg BT 371.60 428.05 Td (certifies ) Tj ET Q q 0 0 0 rg BT 405.99 428.05 Td (that ) Tj ET Q q 0 0 0 rg BT 423.17 428.05 Td (the ) Tj ET Q q 0 0 0 rg BT 437.57 428.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 469.20 428.05 Td (rig ) Tj ET Q q 0 0 0 rg BT 482.49 428.05 Td (is ) Tj ET Q q 0 0 0 rg BT 491.35 428.05 Td (in-class, ) Tj ET Q q 0 0 0 rg BT 535.45 428.05 Td (signifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 416.05 Td (that ) Tj ET Q q 0 0 0 rg BT 53.07 416.05 Td (such ) Tj ET Q q 0 0 0 rg BT 73.47 416.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 104.98 416.05 Td (rig ) Tj ET Q q 0 0 0 rg BT 118.16 416.05 Td (has ) Tj ET Q q 0 0 0 rg BT 133.57 416.05 Td (been ) Tj ET Q q 0 0 0 rg BT 154.51 416.05 Td (built ) Tj ET Q q 0 0 0 rg BT 174.92 416.05 Td (and ) Tj ET Q q 0 0 0 rg BT 191.43 416.05 Td (maintained ) Tj ET Q q 0 0 0 rg BT 237.93 416.05 Td (in ) Tj ET Q q 0 0 0 rg BT 247.78 416.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 294.81 416.05 Td (with ) Tj ET Q q 0 0 0 rg BT 314.67 416.05 Td (the ) Tj ET Q q 0 0 0 rg BT 328.95 416.05 Td (rules ) Tj ET Q q 0 0 0 rg BT 350.46 416.05 Td (of ) Tj ET Q q 0 0 0 rg BT 360.87 416.05 Td (the ) Tj ET Q q 0 0 0 rg BT 375.15 416.05 Td (classification ) Tj ET Q q 0 0 0 rg BT 429.98 416.05 Td (society ) Tj ET Q q 0 0 0 rg BT 460.38 416.05 Td (and ) Tj ET Q q 0 0 0 rg BT 476.89 416.05 Td (complies ) Tj ET Q q 0 0 0 rg BT 515.07 416.05 Td (with ) Tj ET Q q 0 0 0 rg BT 534.92 416.05 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 404.05 Td (rules ) Tj ET Q q 0 0 0 rg BT 56.86 404.05 Td (and ) Tj ET Q q 0 0 0 rg BT 72.73 404.05 Td (regulations ) Tj ET Q q 0 0 0 rg BT 118.58 404.05 Td (of ) Tj ET Q q 0 0 0 rg BT 128.34 404.05 Td (the ) Tj ET Q q 0 0 0 rg BT 141.98 404.05 Td (flag ) Tj ET Q q 0 0 0 rg BT 158.95 404.05 Td (state ) Tj ET Q q 0 0 0 rg BT 178.70 404.05 Td (and ) Tj ET Q q 0 0 0 rg BT 194.57 404.05 Td (the ) Tj ET Q q 0 0 0 rg BT 208.21 404.05 Td (international ) Tj ET Q q 0 0 0 rg BT 260.17 404.05 Td (conventions ) Tj ET Q q 0 0 0 rg BT 309.92 404.05 Td (of ) Tj ET Q q 0 0 0 rg BT 319.67 404.05 Td (which ) Tj ET Q q 0 0 0 rg BT 345.54 404.05 Td (that ) Tj ET Q q 0 0 0 rg BT 361.96 404.05 Td (country ) Tj ET Q q 0 0 0 rg BT 393.93 404.05 Td (is ) Tj ET Q q 0 0 0 rg BT 402.02 404.05 Td (a ) Tj ET Q q 0 0 0 rg BT 407.89 404.05 Td (member) Tj ET Q q 0 0 0 rg BT 440.10 404.05 Td (. ) Tj ET Q q 0 0 0 rg BT 444.02 404.05 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 497.09 404.05 Td (of ) Tj ET Q q 0 0 0 rg BT 506.84 404.05 Td (class ) Tj ET Q q 0 0 0 rg BT 527.71 404.05 Td (certification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 392.05 Td (requires ) Tj ET Q q 0 0 0 rg BT 70.07 392.05 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 119.13 392.05 Td (of ) Tj ET Q q 0 0 0 rg BT 129.33 392.05 Td (substantial ) Tj ET Q q 0 0 0 rg BT 173.96 392.05 Td (sums, ) Tj ET Q q 0 0 0 rg BT 198.89 392.05 Td (and ) Tj ET Q q 0 0 0 rg BT 215.19 392.05 Td (can ) Tj ET Q q 0 0 0 rg BT 230.93 392.05 Td (require ) Tj ET Q q 0 0 0 rg BT 261.11 392.05 Td (taking ) Tj ET Q q 0 0 0 rg BT 287.97 392.05 Td (a ) Tj ET Q q 0 0 0 rg BT 294.27 392.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 325.57 392.05 Td (unit ) Tj ET Q q 0 0 0 rg BT 342.99 392.05 Td (out ) Tj ET Q q 0 0 0 rg BT 357.63 392.05 Td (of ) Tj ET Q q 0 0 0 rg BT 367.83 392.05 Td (service ) Tj ET Q q 0 0 0 rg BT 398.00 392.05 Td (from ) Tj ET Q q 0 0 0 rg BT 419.31 392.05 Td (time ) Tj ET Q q 0 0 0 rg BT 438.94 392.05 Td (to ) Tj ET Q q 0 0 0 rg BT 448.58 392.05 Td (time ) Tj ET Q q 0 0 0 rg BT 468.22 392.05 Td (for ) Tj ET Q q 0 0 0 rg BT 481.74 392.05 Td (repairs ) Tj ET Q q 0 0 0 rg BT 510.81 392.05 Td (or ) Tj ET Q q 0 0 0 rg BT 521.00 392.05 Td (modifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 380.05 Td (to ) Tj ET Q q 0 0 0 rg BT 46.28 380.05 Td (meet ) Tj ET Q q 0 0 0 rg BT 68.21 380.05 Td (class ) Tj ET Q q 0 0 0 rg BT 90.15 380.05 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 147.35 380.05 Td ( ) Tj ET Q q 0 0 0 rg BT 149.85 380.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 167.90 380.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 199.85 380.05 Td (units ) Tj ET Q q 0 0 0 rg BT 221.80 380.05 Td (must ) Tj ET Q q 0 0 0 rg BT 243.74 380.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 283.45 380.05 Td (under) Tj ET Q q 0 0 0 rg BT 306.03 380.05 Td (go ) Tj ET Q q 0 0 0 rg BT 318.53 380.05 Td (a ) Tj ET Q q 0 0 0 rg BT 325.47 380.05 Td (class ) Tj ET Q q 0 0 0 rg BT 347.41 380.05 Td (survey ) Tj ET Q q 0 0 0 rg BT 376.57 380.05 Td (once ) Tj ET Q q 0 0 0 rg BT 397.95 380.05 Td (every ) Tj ET Q q 0 0 0 rg BT 422.66 380.05 Td (five ) Tj ET Q q 0 0 0 rg BT 440.70 380.05 Td (years.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 350.65 Td (International ) Tj ET Q q 0 0 0 rg BT 91.27 350.65 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 130.99 350.65 Td (Regimes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 321.25 Td (These ) Tj ET Q q 0 0 0 rg BT 98.23 321.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 152.78 321.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 187.06 321.25 Td (but ) Tj ET Q q 0 0 0 rg BT 202.19 321.25 Td (are ) Tj ET Q q 0 0 0 rg BT 216.74 321.25 Td (not ) Tj ET Q q 0 0 0 rg BT 231.87 321.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 262.55 321.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 275.17 321.25 Td (MARPOL, ) Tj ET Q q 0 0 0 rg BT 321.70 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.26 321.25 Td (International ) Tj ET Q q 0 0 0 rg BT 389.70 321.25 Td (Convention ) Tj ET Q q 0 0 0 rg BT 438.71 321.25 Td (on ) Tj ET Q q 0 0 0 rg BT 451.06 321.25 Td (Civil ) Tj ET Q q 0 0 0 rg BT 473.42 321.25 Td (Liability ) Tj ET Q q 0 0 0 rg BT 510.20 321.25 Td (for ) Tj ET Q q 0 0 0 rg BT 524.21 321.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 539.34 321.25 Td (Pollution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 309.25 Td (Damage ) Tj ET Q q 0 0 0 rg BT 71.27 309.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.54 309.25 Td (1969, ) Tj ET Q q 0 0 0 rg BT 105.99 309.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.27 309.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.44 309.25 Td (CLC, ) Tj ET Q q 0 0 0 rg BT 154.34 309.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.51 309.25 Td (International ) Tj ET Q q 0 0 0 rg BT 221.54 309.25 Td (Convention ) Tj ET Q q 0 0 0 rg BT 270.16 309.25 Td (on ) Tj ET Q q 0 0 0 rg BT 282.11 309.25 Td (Civil ) Tj ET Q q 0 0 0 rg BT 304.06 309.25 Td (Liability ) Tj ET Q q 0 0 0 rg BT 340.45 309.25 Td (for ) Tj ET Q q 0 0 0 rg BT 354.06 309.25 Td (Bunker ) Tj ET Q q 0 0 0 rg BT 385.45 309.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 400.18 309.25 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 438.80 309.25 Td (Damage ) Tj ET Q q 0 0 0 rg BT 474.07 309.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.35 309.25 Td (2001 ) Tj ET Q q 0 0 0 rg BT 506.30 309.25 Td (\(ratified ) Tj ET Q q 0 0 0 rg BT 540.45 309.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.18 309.25 Td (2008\), ) Tj ET Q q 0 0 0 rg BT 578.51 309.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 297.25 Td (or ) Tj ET Q q 0 0 0 rg BT 47.96 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.81 297.25 Td (Bunker ) Tj ET Q q 0 0 0 rg BT 96.88 297.25 Td (Convention, ) Tj ET Q q 0 0 0 rg BT 149.68 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.53 297.25 Td (International ) Tj ET Q q 0 0 0 rg BT 220.25 297.25 Td (Convention ) Tj ET Q q 0 0 0 rg BT 270.54 297.25 Td (for ) Tj ET Q q 0 0 0 rg BT 285.84 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.68 297.25 Td (Safety ) Tj ET Q q 0 0 0 rg BT 330.86 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.83 297.25 Td (Life ) Tj ET Q q 0 0 0 rg BT 363.11 297.25 Td (at ) Tj ET Q q 0 0 0 rg BT 373.96 297.25 Td (Sea ) Tj ET Q q 0 0 0 rg BT 392.03 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.99 297.25 Td (1974, ) Tj ET Q q 0 0 0 rg BT 430.13 297.25 Td (or ) Tj ET Q q 0 0 0 rg BT 442.09 297.25 Td (SOLAS, ) Tj ET Q q 0 0 0 rg BT 479.89 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.74 297.25 Td (International ) Tj ET Q q 0 0 0 rg BT 550.46 297.25 Td (Safety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 285.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 90.60 285.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 114.10 285.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.16 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.77 285.25 Td (Safe ) Tj ET Q q 0 0 0 rg BT 162.93 285.25 Td (Operation ) Tj ET Q q 0 0 0 rg BT 205.31 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.04 285.25 Td (Ships ) Tj ET Q q 0 0 0 rg BT 240.66 285.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.50 285.25 Td (for ) Tj ET Q q 0 0 0 rg BT 271.55 285.25 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 310.62 285.25 Td (Prevention, ) Tj ET Q q 0 0 0 rg BT 358.84 285.25 Td (or ) Tj ET Q q 0 0 0 rg BT 369.57 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.18 285.25 Td (ISM ) Tj ET Q q 0 0 0 rg BT 404.36 285.25 Td (Code, ) Tj ET Q q 0 0 0 rg BT 430.36 285.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.19 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.81 285.25 Td (International ) Tj ET Q q 0 0 0 rg BT 515.29 285.25 Td (Convention ) Tj ET Q q 0 0 0 rg BT 564.35 285.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 51.99 273.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 86.31 273.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 273.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 160.50 273.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.60 273.25 Td (Ships) Tj ET Q q 0 0 0 rg BT 197.42 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 201.19 273.25 Td (Ballast ) Tj ET Q q 0 0 0 rg BT 232.46 273.25 Td (W) Tj ET Q q 0 0 0 rg BT 241.10 273.25 Td (ater ) Tj ET Q q 0 0 0 rg BT 259.85 273.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.06 273.25 Td (Sediments ) Tj ET Q q 0 0 0 rg BT 323.50 273.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.04 273.25 Td (February ) Tj ET Q q 0 0 0 rg BT 374.91 273.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 401.18 273.25 Td (or ) Tj ET Q q 0 0 0 rg BT 413.29 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.27 273.25 Td (BWM ) Tj ET Q q 0 0 0 rg BT 462.48 273.25 Td (Convention. ) Tj ET Q q 0 0 0 rg BT 515.42 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.92 273.25 Td (These ) Tj ET Q q 0 0 0 rg BT 546.56 273.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 261.25 Td (conventions ) Tj ET Q q 0 0 0 rg BT 87.02 261.25 Td (regulate ) Tj ET Q q 0 0 0 rg BT 121.91 261.25 Td (air ) Tj ET Q q 0 0 0 rg BT 135.15 261.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 177.29 261.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.42 261.25 Td (other ) Tj ET Q q 0 0 0 rg BT 217.66 261.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 246.36 261.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 262.38 261.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.85 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.76 261.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 340.99 261.25 Td (from ) Tj ET Q q 0 0 0 rg BT 363.12 261.25 Td (our ) Tj ET Q q 0 0 0 rg BT 379.14 261.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 411.28 261.25 Td (units ) Tj ET Q q 0 0 0 rg BT 433.42 261.25 Td (worldwide, ) Tj ET Q q 0 0 0 rg BT 481.38 261.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.51 261.25 Td (we ) Tj ET Q q 0 0 0 rg BT 512.86 261.25 Td (may ) Tj ET Q q 0 0 0 rg BT 532.77 261.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 556.01 261.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 249.25 Td (to ) Tj ET Q q 0 0 0 rg BT 45.45 249.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 77.12 249.25 Td (with ) Tj ET Q q 0 0 0 rg BT 96.57 249.25 Td (these ) Tj ET Q q 0 0 0 rg BT 118.79 249.25 Td (regimes ) Tj ET Q q 0 0 0 rg BT 152.12 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.24 249.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 204.34 249.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.79 249.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 245.46 249.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.92 249.25 Td (these ) Tj ET Q q 0 0 0 rg BT 277.14 249.25 Td (regimes ) Tj ET Q q 0 0 0 rg BT 310.47 249.25 Td (as ) Tj ET Q q 0 0 0 rg BT 320.47 249.25 Td (they ) Tj ET Q q 0 0 0 rg BT 339.36 249.25 Td (may ) Tj ET Q q 0 0 0 rg BT 358.25 249.25 Td (be ) Tj ET Q q 0 0 0 rg BT 369.36 249.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 407.13 249.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.58 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.47 249.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 458.52 249.25 Td (In ) Tj ET Q q 0 0 0 rg BT 468.53 249.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 505.48 249.25 Td (these ) Tj ET Q q 0 0 0 rg BT 527.70 249.25 Td (conventions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 237.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 66.37 237.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 98.96 237.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.11 237.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 140.79 237.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 169.49 237.25 Td (ges, ) Tj ET Q q 0 0 0 rg BT 186.80 237.25 Td (including ) Tj ET Q q 0 0 0 rg BT 226.06 237.25 Td (strict ) Tj ET Q q 0 0 0 rg BT 247.54 237.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 280.13 237.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.39 237.25 Td (some ) Tj ET Q q 0 0 0 rg BT 311.98 237.25 Td (cases. ) Tj ET Q q 0 0 0 rg BT 337.06 237.25 Td ( ) Tj ET Q q 0 0 0 rg BT 338.55 237.25 Td (See ) Tj ET Q q 0 0 0 rg BT 354.47 237.25 Td ("Item ) Tj ET Q q 0 0 0 rg BT 378.36 237.25 Td (3.Key ) Tj ET Q q 0 0 0 rg BT 404.00 237.25 Td (information ) Tj ET Q q 0 0 0 rg BT 452.70 237.25 Td (-DRisk ) Tj ET Q q 0 0 0 rg BT 483.07 237.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 514.00 237.25 Td (- ) Tj ET Q q 0 0 0 rg BT 518.81 237.25 Td (Governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 225.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 57.54 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 75.19 225.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 125.34 225.25 Td (including ) Tj ET Q q 0 0 0 rg BT 166.33 225.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 227.30 225.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 248.84 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.49 225.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 316.64 225.25 Td (may ) Tj ET Q q 0 0 0 rg BT 337.07 225.25 Td (add ) Tj ET Q q 0 0 0 rg BT 354.72 225.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.71 225.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.25 225.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 407.97 225.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 438.95 225.25 Td (us ) Tj ET Q q 0 0 0 rg BT 451.05 225.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.04 225.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 496.37 225.25 Td (or ) Tj ET Q q 0 0 0 rg BT 507.91 225.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 530.01 225.25 Td (our ) Tj ET Q q 0 0 0 rg BT 546.56 225.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 213.25 Td (activity) Tj ET Q q 0 0 0 rg BT 65.34 213.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 189.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 57.85 189.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 97.56 189.25 Td (Laws ) Tj ET Q q 0 0 0 rg BT 121.19 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.69 189.25 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 165.25 Td (These ) Tj ET Q q 0 0 0 rg BT 98.48 165.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 119.41 165.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.44 165.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 183.48 165.25 Td (include ) Tj ET Q q 0 0 0 rg BT 215.51 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.32 165.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 250.71 165.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 266.08 165.25 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 304.78 165.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 321.82 165.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.75 165.25 Td (1990, ) Tj ET Q q 0 0 0 rg BT 357.85 165.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.78 165.25 Td (OP) Tj ET Q q 0 0 0 rg BT 380.64 165.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 392.97 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.78 165.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 473.14 165.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 535.17 165.25 Td (Response, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 153.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 96.94 153.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.55 153.25 Td (Liability ) Tj ET Q q 0 0 0 rg BT 151.46 153.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 171.57 153.25 Td (or ) Tj ET Q q 0 0 0 rg BT 183.06 153.25 Td (CERCLA\), ) Tj ET Q q 0 0 0 rg BT 235.95 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.34 153.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 272.29 153.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 298.55 153.25 Td (W) Tj ET Q q 0 0 0 rg BT 307.19 153.25 Td (ater ) Tj ET Q q 0 0 0 rg BT 324.65 153.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 344.75 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.14 153.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 381.09 153.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 406.89 153.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 422.69 153.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 442.79 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.18 153.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 479.13 153.25 Td (Outer ) Tj ET Q q 0 0 0 rg BT 505.07 153.25 Td (Continental ) Tj ET Q q 0 0 0 rg BT 554.90 153.25 Td (Shelf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 141.25 Td (Lands ) Tj ET Q q 0 0 0 rg BT 62.61 141.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 82.34 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.35 141.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 117.93 141.25 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 157.73 141.25 Td (T) Tj ET Q q 0 0 0 rg BT 163.49 141.25 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 219.04 141.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 254.54 141.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 271.77 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.90 141.25 Td (2002, ) Tj ET Q q 0 0 0 rg BT 308.19 141.25 Td (or ) Tj ET Q q 0 0 0 rg BT 319.31 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.32 141.25 Td (MTSA, ) Tj ET Q q 0 0 0 rg BT 371.83 141.25 Td (European ) Tj ET Q q 0 0 0 rg BT 412.94 141.25 Td (Union ) Tj ET Q q 0 0 0 rg BT 440.73 141.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 490.46 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.69 141.25 Td (Brazil) Tj ET Q q 0 0 0 rg BT 534.90 141.25 Td (s ) Tj ET Q q 0 0 0 rg BT 541.58 141.25 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 129.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 98.71 129.25 Td (Policy ) Tj ET Q q 0 0 0 rg BT 127.56 129.25 Td (Law ) Tj ET Q q 0 0 0 rg BT 148.61 129.25 Td (\(6938/81\), ) Tj ET Q q 0 0 0 rg BT 193.83 129.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 256.55 129.25 Td (Crimes ) Tj ET Q q 0 0 0 rg BT 288.72 129.25 Td (Law ) Tj ET Q q 0 0 0 rg BT 309.77 129.25 Td (\(9605/98\) ) Tj ET Q q 0 0 0 rg BT 352.50 129.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.22 129.25 Td (Law ) Tj ET Q q 0 0 0 rg BT 391.27 129.25 Td (\(9966/2000\) ) Tj ET Q q 0 0 0 rg BT 444.00 129.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 477.82 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.89 129.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 528.29 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 539.35 129.25 Td (Brazilian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 117.25 Td (waters. ) Tj ET Q q 0 0 0 rg BT 67.41 117.25 Td (These ) Tj ET Q q 0 0 0 rg BT 94.31 117.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 115.67 117.25 Td (govern ) Tj ET Q q 0 0 0 rg BT 146.46 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.71 117.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 190.41 117.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 202.87 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.23 117.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 253.91 117.25 Td (into ) Tj ET Q q 0 0 0 rg BT 272.49 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.73 117.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 341.30 117.25 Td (or ) Tj ET Q q 0 0 0 rg BT 352.66 117.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 394.57 117.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 419.79 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.60 117.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 491.39 117.25 Td (protection. ) Tj ET Q q 0 0 0 rg BT 537.46 117.25 Td (In ) Tj ET Q q 0 0 0 rg BT 548.81 117.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 105.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 97.31 105.25 Td (these ) Tj ET Q q 0 0 0 rg BT 120.03 105.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 140.54 105.25 Td (may ) Tj ET Q q 0 0 0 rg BT 159.93 105.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 190.99 105.25 Td (strict ) Tj ET Q q 0 0 0 rg BT 213.15 105.25 Td (liability) Tj ET Q q 0 0 0 rg BT 243.61 105.25 Td (, ) Tj ET Q q 0 0 0 rg BT 248.29 105.25 Td (rendering ) Tj ET Q q 0 0 0 rg BT 288.77 105.25 Td (us ) Tj ET Q q 0 0 0 rg BT 299.84 105.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 324.22 105.25 Td (for ) Tj ET Q q 0 0 0 rg BT 338.06 105.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 397.99 105.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.60 105.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 444.54 105.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 480.58 105.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 517.73 105.25 Td (without ) Tj ET Q q 0 0 0 rg BT 550.46 105.25 Td (regard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 46.41 93.25 Td (negligence ) Tj ET Q q 0 0 0 rg BT 92.36 93.25 Td (or ) Tj ET Q q 0 0 0 rg BT 103.32 93.25 Td (fault ) Tj ET Q q 0 0 0 rg BT 124.28 93.25 Td (on ) Tj ET Q q 0 0 0 rg BT 136.91 93.25 Td (our ) Tj ET Q q 0 0 0 rg BT 152.87 93.25 Td (part. ) Tj ET Q q 0 0 0 rg BT 173.55 93.25 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 239.50 93.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.47 93.25 Td (new ) Tj ET Q q 0 0 0 rg BT 269.76 93.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 330.15 93.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 351.12 93.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.08 93.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 409.15 93.25 Td (that ) Tj ET Q q 0 0 0 rg BT 426.77 93.25 Td (may ) Tj ET Q q 0 0 0 rg BT 446.62 93.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 471.47 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.89 93.25 Td (ultra ) Tj ET Q q 0 0 0 rg BT 502.84 93.25 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 546.56 93.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 81.25 Td (units ) Tj ET Q q 0 0 0 rg BT 57.71 81.25 Td (may ) Tj ET Q q 0 0 0 rg BT 77.19 81.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 107.78 81.25 Td (us ) Tj ET Q q 0 0 0 rg BT 118.94 81.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.98 81.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 169.00 81.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 191.27 81.25 Td (or ) Tj ET Q q 0 0 0 rg BT 201.86 81.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 223.02 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.50 81.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 284.74 81.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 332.55 81.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.14 81.25 Td (our ) Tj ET Q q 0 0 0 rg BT 358.74 81.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.44 81.25 Td (units ) Tj ET Q q 0 0 0 rg BT 412.16 81.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.86 81.25 Td (could ) Tj ET Q q 0 0 0 rg BT 453.34 81.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 496.14 81.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.85 81.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 553.43 81.25 Td (af) Tj ET Q q 0 0 0 rg BT 561.01 81.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 69.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 69.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 95.98 69.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.92 69.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.39 69.25 Td (condition. ) Tj ET Q q 0 0 0 rg BT 193.17 69.25 Td (See ) Tj ET Q q 0 0 0 rg BT 210.10 69.25 Td ("Item ) Tj ET Q q 0 0 0 rg BT 235.01 69.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 242.50 69.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 261.66 69.25 Td (information ) Tj ET Q q 0 0 0 rg BT 311.37 69.25 Td (-D.- ) Tj ET Q q 0 0 0 rg BT 330.25 69.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 351.09 69.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 383.02 69.25 Td (- ) Tj ET Q q 0 0 0 rg BT 388.85 69.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.35 69.25 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 451.05 69.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 471.88 69.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.81 69.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 538.24 69.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 57.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 96.26 57.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 117.09 57.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.03 57.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 183.46 57.25 Td (may ) Tj ET Q q 0 0 0 rg BT 203.18 57.25 Td (add ) Tj ET Q q 0 0 0 rg BT 220.12 57.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.39 57.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.22 57.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 271.22 57.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 301.49 57.25 Td (us ) Tj ET Q q 0 0 0 rg BT 312.88 57.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.16 57.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 356.77 57.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.60 57.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 388.99 57.25 Td (our ) Tj ET Q q 0 0 0 rg BT 404.82 57.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 436.77 57.25 Td (activity) Tj ET Q q 0 0 0 rg BT 466.11 57.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (32) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 62.93 749.10 Td (Requir) Tj ET Q q 0 0 0 rg BT 89.78 749.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.46 725.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.02 725.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.13 725.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 177.36 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.05 725.10 Td (special ) Tj ET Q q 0 0 0 rg BT 216.72 725.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 242.50 725.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 288.84 725.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 321.29 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.97 725.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 362.32 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.66 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.35 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.47 725.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 414.93 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.28 725.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 446.51 725.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 481.20 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.88 725.10 Td (many ) Tj ET Q q 0 0 0 rg BT 515.00 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.24 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.36 725.10 Td (countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (where ) Tj ET Q q 0 0 0 rg BT 63.33 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 77.89 713.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 112.71 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.40 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.85 713.10 Td (United ) Tj ET Q q 0 0 0 rg BT 163.96 713.10 Td (States ) Tj ET Q q 0 0 0 rg BT 190.75 713.10 Td (undertook ) Tj ET Q q 0 0 0 rg BT 234.20 713.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 279.87 713.10 Td (revision ) Tj ET Q q 0 0 0 rg BT 314.98 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.21 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.33 713.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 368.11 713.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 415.44 713.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 459.43 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.11 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.33 713.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 522.01 713.10 Td (following ) Tj ET Q q 0 0 0 rg BT 563.80 713.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 81.85 701.10 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 117.17 701.10 Td (Incident, ) Tj ET Q q 0 0 0 rg BT 154.98 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.30 701.10 Td (which ) Tj ET Q q 0 0 0 rg BT 192.29 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 206.49 701.10 Td (were ) Tj ET Q q 0 0 0 rg BT 228.47 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 243.79 701.10 Td (involved, ) Tj ET Q q 0 0 0 rg BT 283.83 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.38 701.10 Td (led ) Tj ET Q q 0 0 0 rg BT 316.14 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.46 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.23 701.10 Td (Macondo ) Tj ET Q q 0 0 0 rg BT 381.54 701.10 Td (well ) Tj ET Q q 0 0 0 rg BT 401.31 701.10 Td (blow ) Tj ET Q q 0 0 0 rg BT 423.85 701.10 Td (out ) Tj ET Q q 0 0 0 rg BT 439.18 701.10 Td (situation, ) Tj ET Q q 0 0 0 rg BT 478.67 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.99 701.10 Td (2010. ) Tj ET Q q 0 0 0 rg BT 514.04 701.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 539.35 701.10 Td (countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 50.52 689.10 Td (also ) Tj ET Q q 0 0 0 rg BT 68.93 689.10 Td (undertaking ) Tj ET Q q 0 0 0 rg BT 119.01 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.76 689.10 Td (review ) Tj ET Q q 0 0 0 rg BT 155.27 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.91 689.10 Td (their ) Tj ET Q q 0 0 0 rg BT 186.55 689.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 212.73 689.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 259.48 689.10 Td (related ) Tj ET Q q 0 0 0 rg BT 288.99 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.08 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.72 689.10 Td (industry) Tj ET Q q 0 0 0 rg BT 346.84 689.10 Td (. ) Tj ET Q q 0 0 0 rg BT 351.65 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.80 689.10 Td (These ) Tj ET Q q 0 0 0 rg BT 379.98 689.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 406.17 689.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 452.91 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 472.44 689.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 501.96 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 517.60 689.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 561.57 689.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 73.78 677.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 105.19 677.10 Td (For ) Tj ET Q q 0 0 0 rg BT 121.88 677.10 Td (instance, ) Tj ET Q q 0 0 0 rg BT 159.94 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.96 677.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 213.87 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.44 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.46 677.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 286.69 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.27 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.29 677.10 Td (United ) Tj ET Q q 0 0 0 rg BT 342.30 677.10 Td (States ) Tj ET Q q 0 0 0 rg BT 368.99 677.10 Td (have ) Tj ET Q q 0 0 0 rg BT 390.66 677.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 425.12 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.70 677.10 Td (new ) Tj ET Q q 0 0 0 rg BT 455.16 677.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 512.66 677.10 Td (such ) Tj ET Q q 0 0 0 rg BT 533.79 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 544.92 677.10 Td (specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 90.97 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.41 665.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 158.71 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.92 665.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 227.00 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.10 665.10 Td (BOP) Tj ET Q q 0 0 0 rg BT 260.33 665.10 Td (s, ) Tj ET Q q 0 0 0 rg BT 269.49 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 296.71 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 316.69 665.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 341.67 665.10 Td (us ) Tj ET Q q 0 0 0 rg BT 353.34 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.89 665.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 387.21 665.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.09 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.30 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 443.29 665.10 Td (result ) Tj ET Q q 0 0 0 rg BT 468.28 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.83 665.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 521.59 665.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 564.36 665.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.46 653.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 85.03 653.10 Td (units ) Tj ET Q q 0 0 0 rg BT 107.61 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.52 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.86 653.10 Td (US ) Tj ET Q q 0 0 0 rg BT 149.77 653.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 171.23 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.69 653.10 Td (Mexico. ) Tj ET Q q 0 0 0 rg BT 218.87 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.00 653.10 Td (See ) Tj ET Q q 0 0 0 rg BT 239.56 653.10 Td ("Item ) Tj ET Q q 0 0 0 rg BT 265.10 653.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 275.73 653.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 295.52 653.10 Td (information ) Tj ET Q q 0 0 0 rg BT 345.86 653.10 Td (-D. ) Tj ET Q q 0 0 0 rg BT 362.04 653.10 Td (- ) Tj ET Q q 0 0 0 rg BT 368.50 653.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 389.97 653.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 422.53 653.10 Td (- ) Tj ET Q q 0 0 0 rg BT 428.77 653.10 Td (The ) Tj ET Q q 0 0 0 rg BT 447.44 653.10 Td (aftermath ) Tj ET Q q 0 0 0 rg BT 488.88 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.34 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.69 653.10 Td (moratorium ) Tj ET Q q 0 0 0 rg BT 566.03 653.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 641.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 71.30 641.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 102.90 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.84 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.22 641.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 147.16 641.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 167.66 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.15 641.10 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 213.35 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.95 641.10 Td (new ) Tj ET Q q 0 0 0 rg BT 248.77 641.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 295.37 641.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 329.18 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 339.67 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.27 641.10 Td (result ) Tj ET Q q 0 0 0 rg BT 370.65 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.14 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.52 641.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 449.34 641.10 Td (into ) Tj ET Q q 0 0 0 rg BT 467.06 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.43 641.10 Td (Macondo ) Tj ET Q q 0 0 0 rg BT 521.36 641.10 Td (well ) Tj ET Q q 0 0 0 rg BT 540.74 641.10 Td (blowout, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (could ) Tj ET Q q 0 0 0 rg BT 60.72 629.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 104.87 629.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 134.58 629.10 Td (us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (Navigation ) Tj ET Q q 0 0 0 rg BT 82.94 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.44 605.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 144.05 605.10 Td (Permit ) Tj ET Q q 0 0 0 rg BT 173.77 605.10 Td (Requir) Tj ET Q q 0 0 0 rg BT 200.61 605.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.10 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 115.43 581.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 172.18 581.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 208.37 581.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 230.14 581.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 276.35 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.90 581.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 330.44 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.64 581.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 378.39 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.38 581.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 412.48 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.58 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.56 581.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 479.42 581.10 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 529.24 581.10 Td (which ) Tj ET Q q 0 0 0 rg BT 555.45 581.10 Td (often ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 68.11 569.10 Td (lengthy ) Tj ET Q q 0 0 0 rg BT 100.22 569.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 144.00 569.10 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 192.48 569.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 223.49 569.10 Td (dif) Tj ET Q q 0 0 0 rg BT 234.42 569.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 257.64 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.19 569.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 300.19 569.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 348.40 569.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 390.22 569.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 438.43 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.32 569.10 Td (ecologically ) Tj ET Q q 0 0 0 rg BT 499.31 569.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 536.42 569.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 561.57 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 66.77 557.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 106.41 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.63 557.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 161.85 557.10 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 223.99 557.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 244.21 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.09 557.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 296.85 557.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 334.83 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.60 557.10 Td (may ) Tj ET Q q 0 0 0 rg BT 365.26 557.10 Td (result ) Tj ET Q q 0 0 0 rg BT 389.91 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.13 557.10 Td (injunctive ) Tj ET Q q 0 0 0 rg BT 442.56 557.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 466.10 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.20 557.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 508.73 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.95 557.10 Td (comply) Tj ET Q q 0 0 0 rg BT 548.30 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 553.24 557.10 Td (Some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 545.10 Td (these ) Tj ET Q q 0 0 0 rg BT 69.88 545.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 90.71 545.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 122.64 545.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 158.46 545.10 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 198.18 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.46 545.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 243.73 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.01 545.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 274.28 545.10 Td (penalties.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (Local ) Tj ET Q q 0 0 0 rg BT 61.28 521.10 Td (Content ) Tj ET Q q 0 0 0 rg BT 95.44 521.10 Td (Requir) Tj ET Q q 0 0 0 rg BT 122.29 521.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (Governments ) Tj ET Q q 0 0 0 rg BT 129.09 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.08 497.10 Td (some ) Tj ET Q q 0 0 0 rg BT 164.40 497.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 204.26 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 226.35 497.10 Td (become ) Tj ET Q q 0 0 0 rg BT 260.65 497.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 312.73 497.10 Td (active ) Tj ET Q q 0 0 0 rg BT 339.82 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.81 497.10 Td (local ) Tj ET Q q 0 0 0 rg BT 373.45 497.10 Td (content ) Tj ET Q q 0 0 0 rg BT 406.09 497.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 461.51 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.72 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.14 497.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 535.02 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 546.56 497.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 84.10 485.10 Td (local ) Tj ET Q q 0 0 0 rg BT 106.38 485.10 Td (content ) Tj ET Q q 0 0 0 rg BT 138.65 485.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 193.70 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.20 485.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 253.25 485.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 286.08 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.70 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.87 485.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 359.87 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.15 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 400.53 485.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 432.25 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.42 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.48 485.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 471.88 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.16 485.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 505.33 485.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 547.06 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 557.67 485.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (countries. ) Tj ET Q q 0 0 0 rg BT 77.16 473.10 Td (These ) Tj ET Q q 0 0 0 rg BT 103.20 473.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 149.79 473.10 Td (include ) Tj ET Q q 0 0 0 rg BT 181.38 473.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 235.74 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.56 473.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 302.26 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.75 473.10 Td (local ) Tj ET Q q 0 0 0 rg BT 334.34 473.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 372.61 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.55 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.04 473.10 Td (local ) Tj ET Q q 0 0 0 rg BT 419.63 473.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.56 473.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 508.93 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.87 473.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 557.69 473.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 46.25 461.10 Td (Angola ) Tj ET Q q 0 0 0 rg BT 78.16 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.06 461.10 Td (Nigeria, ) Tj ET Q q 0 0 0 rg BT 130.01 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.92 461.10 Td (local ) Tj ET Q q 0 0 0 rg BT 168.81 461.10 Td (content ) Tj ET Q q 0 0 0 rg BT 200.71 461.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 255.38 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.63 461.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 298.63 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.88 461.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 340.79 461.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 358.81 461.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 410.71 461.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 449.27 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.51 461.10 Td (which ) Tj ET Q q 0 0 0 rg BT 486.42 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 500.54 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.22 461.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 568.22 461.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 65.70 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.85 449.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 108.39 449.10 Td (these ) Tj ET Q q 0 0 0 rg BT 131.70 449.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 186.66 449.10 Td (have ) Tj ET Q q 0 0 0 rg BT 208.30 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 223.85 449.10 Td (had ) Tj ET Q q 0 0 0 rg BT 241.05 449.10 Td (material ) Tj ET Q q 0 0 0 rg BT 276.57 449.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 306.54 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 319.31 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.40 449.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 379.82 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.36 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.34 449.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 426.71 449.10 Td (they ) Tj ET Q q 0 0 0 rg BT 446.69 449.10 Td (could ) Tj ET Q q 0 0 0 rg BT 471.67 449.10 Td (have ) Tj ET Q q 0 0 0 rg BT 493.31 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.51 449.10 Td (material ) Tj ET Q q 0 0 0 rg BT 536.03 449.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 566.00 449.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 437.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 90.71 437.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 134.86 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.80 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.28 437.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 229.55 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.83 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.55 437.10 Td (future.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 82.95 389.10 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 88.88 365.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 119.66 365.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.64 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.75 365.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 205.29 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.83 365.10 Td (governed ) Tj ET Q q 0 0 0 rg BT 257.37 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 268.70 365.10 Td (various ) Tj ET Q q 0 0 0 rg BT 299.47 365.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 345.23 365.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 377.10 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.21 365.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 445.30 365.10 Td (safety) Tj ET Q q 0 0 0 rg BT 468.53 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.27 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 489.14 365.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 534.90 365.10 Td (Petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 53.08 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.05 353.10 Td (29November ) Tj ET Q q 0 0 0 rg BT 121.40 353.10 Td (1996, ) Tj ET Q q 0 0 0 rg BT 146.54 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.51 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.37 353.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 215.53 353.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 235.11 353.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 258.86 353.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 293.72 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.58 353.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 348.98 353.10 Td (right ) Tj ET Q q 0 0 0 rg BT 370.51 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.93 353.10 Td (award ) Tj ET Q q 0 0 0 rg BT 408.00 353.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 442.30 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.60 353.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 513.39 353.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 561.57 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (production ) Tj ET Q q 0 0 0 rg BT 81.69 341.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 115.70 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.84 341.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 172.63 341.10 Td (fields. ) Tj ET Q q 0 0 0 rg BT 199.71 341.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 222.07 341.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 256.09 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 270.65 341.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 303.00 341.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.36 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.94 341.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 376.73 341.10 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 413.54 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 425.90 341.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 469.36 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.16 341.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 504.86 341.10 Td (gy) Tj ET Q q 0 0 0 rg BT 514.21 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 519.07 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.87 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 546.56 341.10 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.69 329.10 Td (such ) Tj ET Q q 0 0 0 rg BT 67.39 329.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 103.91 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.93 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 132.51 329.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 163.20 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.34 329.10 Td (strict ) Tj ET Q q 0 0 0 rg BT 195.70 329.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 229.17 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.20 329.10 Td (any ) Tj ET Q q 0 0 0 rg BT 260.00 329.10 Td (pollution ) Tj ET Q q 0 0 0 rg BT 298.48 329.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 331.94 329.10 Td (suf) Tj ET Q q 0 0 0 rg BT 343.98 329.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 366.88 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 377.57 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.38 329.10 Td (result ) Tj ET Q q 0 0 0 rg BT 408.96 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.65 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.46 329.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 469.36 329.10 Td (leak ) Tj ET Q q 0 0 0 rg BT 488.38 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 500.75 329.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 537.54 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 551.57 329.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 50.37 317.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 70.85 317.10 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 107.71 317.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 135.40 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.33 317.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 193.54 317.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 213.18 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 227.55 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.46 317.10 Td (also ) Tj ET Q q 0 0 0 rg BT 261.27 317.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 292.30 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.79 317.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 332.69 317.10 Td (health, ) Tj ET Q q 0 0 0 rg BT 362.33 317.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 388.91 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.06 317.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 459.30 317.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 508.94 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 536.09 317.10 Td (require ) Tj ET Q q 0 0 0 rg BT 567.11 317.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.01 305.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 79.90 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 95.46 305.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 139.34 305.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.35 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.02 305.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 211.01 305.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 247.12 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.68 305.10 Td (care, ) Tj ET Q q 0 0 0 rg BT 279.06 305.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 306.28 305.10 Td (into ) Tj ET Q q 0 0 0 rg BT 324.07 305.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 380.17 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.62 305.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 420.73 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.29 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.85 305.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 491.85 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.52 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.97 305.10 Td (environment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 60.98 293.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 107.62 293.10 Td (proscribed ) Tj ET Q q 0 0 0 rg BT 152.03 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.24 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.67 293.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 225.31 293.10 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 261.96 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.17 293.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 317.48 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.13 293.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 352.83 293.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 365.03 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.68 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.11 293.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 442.74 293.10 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 479.40 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.94 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.36 293.10 Td (Environment ) Tj ET Q q 0 0 0 rg BT 558.79 293.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (also ) Tj ET Q q 0 0 0 rg BT 54.61 281.10 Td (af) Tj ET Q q 0 0 0 rg BT 62.20 281.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.68 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 95.51 281.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.26 257.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 141.41 257.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 187.23 257.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 216.46 257.10 Td (Authority ) Tj ET Q q 0 0 0 rg BT 260.06 257.10 Td (oversees ) Tj ET Q q 0 0 0 rg BT 299.21 257.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 340.01 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.17 257.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 408.87 257.10 Td (safety) Tj ET Q q 0 0 0 rg BT 432.10 257.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.31 257.10 Td (emer) Tj ET Q q 0 0 0 rg BT 459.12 257.10 Td (gency ) Tj ET Q q 0 0 0 rg BT 487.71 257.10 Td (preparedness ) Tj ET Q q 0 0 0 rg BT 544.63 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 563.78 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 91.59 245.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 114.12 245.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 146.10 245.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 176.97 245.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 217.27 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.82 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.58 245.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 291.55 245.10 Td (Continental ) Tj ET Q q 0 0 0 rg BT 340.76 245.10 Td (Shelf ) Tj ET Q q 0 0 0 rg BT 364.41 245.10 Td (must ) Tj ET Q q 0 0 0 rg BT 386.40 245.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 413.94 245.10 Td (an ) Tj ET Q q 0 0 0 rg BT 425.36 245.10 Td (Acknowledgement ) Tj ET Q q 0 0 0 rg BT 503.44 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.31 245.10 Td (Compliance, ) Tj ET Q q 0 0 0 rg BT 567.67 245.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (AOC. ) Tj ET Q q 0 0 0 rg BT 61.77 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.12 233.10 Td (AOC ) Tj ET Q q 0 0 0 rg BT 102.56 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 111.55 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.31 233.10 Td (government-issued ) Tj ET Q q 0 0 0 rg BT 196.72 233.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 239.01 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 256.32 233.10 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 315.29 233.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 363.70 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 383.80 233.10 Td (Norway) Tj ET Q q 0 0 0 rg BT 418.79 233.10 Td (s ) Tj ET Q q 0 0 0 rg BT 425.00 233.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 445.65 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.41 233.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 509.17 233.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 542.03 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.13 233.10 Td (safety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.63 221.10 Td (emer) Tj ET Q q 0 0 0 rg BT 72.43 221.10 Td (gency ) Tj ET Q q 0 0 0 rg BT 98.50 221.10 Td (preparedness, ) Tj ET Q q 0 0 0 rg BT 155.38 221.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 187.01 221.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 200.31 221.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 238.58 221.10 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 298.25 221.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 319.87 221.10 Td (accommodations, ) Tj ET Q q 0 0 0 rg BT 392.31 221.10 Td (management ) Tj ET Q q 0 0 0 rg BT 445.59 221.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 481.95 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.57 221.10 Td (other ) Tj ET Q q 0 0 0 rg BT 521.31 221.10 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 58.94 209.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 105.73 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 120.87 209.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 153.79 209.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 176.73 209.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 220.76 209.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 268.69 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.96 209.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.33 209.10 Td (inspection ) Tj ET Q q 0 0 0 rg BT 336.37 209.10 Td (by ) Tj ET Q q 0 0 0 rg BT 349.31 209.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 393.35 209.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 421.18 209.10 Td (Authority) Tj ET Q q 0 0 0 rg BT 459.42 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.85 209.10 Td (based ) Tj ET Q q 0 0 0 rg BT 490.56 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 503.50 209.10 Td (information ) Tj ET Q q 0 0 0 rg BT 553.64 209.10 Td (that ) Tj ET Q q 0 0 0 rg BT 571.57 209.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (company ) Tj ET Q q 0 0 0 rg BT 75.23 197.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 112.24 197.10 Td (about ) Tj ET Q q 0 0 0 rg BT 137.02 197.10 Td (its ) Tj ET Q q 0 0 0 rg BT 149.04 197.10 Td (facility) Tj ET Q q 0 0 0 rg BT 176.71 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.78 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.68 197.10 Td (well ) Tj ET Q q 0 0 0 rg BT 212.47 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 223.37 197.10 Td (any ) Tj ET Q q 0 0 0 rg BT 240.38 197.10 Td (information ) Tj ET Q q 0 0 0 rg BT 290.17 197.10 Td (gathered ) Tj ET Q q 0 0 0 rg BT 327.16 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 339.73 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.52 197.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 401.52 197.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 445.19 197.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 472.74 197.10 Td (Authority ) Tj ET Q q 0 0 0 rg BT 514.20 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.55 197.10 Td (its ) Tj ET Q q 0 0 0 rg BT 536.57 197.10 Td (follow-up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (review ) Tj ET Q q 0 0 0 rg BT 65.67 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.45 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.35 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 115.25 185.10 Td (facility) Tj ET Q q 0 0 0 rg BT 142.92 185.10 Td (. ) Tj ET Q q 0 0 0 rg BT 147.34 185.10 Td (An ) Tj ET Q q 0 0 0 rg BT 161.48 185.10 Td (AOC ) Tj ET Q q 0 0 0 rg BT 185.05 185.10 Td (alone ) Tj ET Q q 0 0 0 rg BT 209.16 185.10 Td (does ) Tj ET Q q 0 0 0 rg BT 229.95 185.10 Td (not ) Tj ET Q q 0 0 0 rg BT 245.19 185.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 268.19 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.09 185.10 Td (company ) Tj ET Q q 0 0 0 rg BT 314.20 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.88 185.10 Td (right ) Tj ET Q q 0 0 0 rg BT 350.23 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.46 185.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 385.14 185.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 429.25 185.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.71 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.38 185.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 503.27 185.10 Td (Continental ) Tj ET Q q 0 0 0 rg BT 552.39 185.10 Td (Shelf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (but ) Tj ET Q q 0 0 0 rg BT 51.53 173.10 Td (it ) Tj ET Q q 0 0 0 rg BT 59.84 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 69.26 173.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 114.77 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.18 173.10 Td (most ) Tj ET Q q 0 0 0 rg BT 151.38 173.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 194.67 173.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 239.08 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.61 173.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.35 173.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 304.81 173.10 Td (including ) Tj ET Q q 0 0 0 rg BT 345.34 173.10 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 380.03 173.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 428.61 173.10 Td (storage, ) Tj ET Q q 0 0 0 rg BT 462.74 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.92 173.10 Td (of) Tj ET Q q 0 0 0 rg BT 488.07 173.10 Td (floading ) Tj ET Q q 0 0 0 rg BT 524.15 173.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 563.22 173.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.33 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 63.65 161.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 96.09 161.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 114.09 161.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 136.52 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.74 161.10 Td (specifications ) Tj ET Q q 0 0 0 rg BT 209.71 161.10 Td (required ) Tj ET Q q 0 0 0 rg BT 246.03 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.02 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.24 161.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 318.34 161.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 346.22 161.10 Td (Authority ) Tj ET Q q 0 0 0 rg BT 388.10 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.54 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 420.20 161.10 Td (have ) Tj ET Q q 0 0 0 rg BT 442.07 161.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 479.50 161.10 Td (an ) Tj ET Q q 0 0 0 rg BT 491.28 161.10 Td (AOC ) Tj ET Q q 0 0 0 rg BT 515.39 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.04 161.10 Td (each ) Tj ET Q q 0 0 0 rg BT 551.36 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.68 161.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.94 149.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 85.44 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 102.94 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 117.65 149.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 156.24 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.52 149.10 Td (operation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (United ) Tj ET Q q 0 0 0 rg BT 65.72 125.10 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 104.89 125.10 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 105.80 101.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 144.04 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.96 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.31 101.10 Td (United ) Tj ET Q q 0 0 0 rg BT 197.66 101.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 240.08 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.55 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.90 101.10 Td (U.K., ) Tj ET Q q 0 0 0 rg BT 288.98 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.33 101.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 333.79 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.71 101.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 403.60 101.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 452.67 101.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 479.80 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.16 101.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 536.93 101.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 553.50 101.10 Td (1998, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 49.13 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.15 89.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 82.06 89.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 127.40 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 142.19 89.10 Td (required ) Tj ET Q q 0 0 0 rg BT 178.08 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.44 89.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 216.01 89.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 253.57 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 275.59 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.38 89.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 312.41 89.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 362.19 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.09 89.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 391.79 89.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 404.37 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.39 89.10 Td (Climate ) Tj ET Q q 0 0 0 rg BT 455.62 89.10 Td (Change, ) Tj ET Q q 0 0 0 rg BT 491.25 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.16 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 89.10 Td (DECC ) Tj ET Q q 0 0 0 rg BT 546.20 89.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 568.22 89.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.72 77.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 116.52 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.35 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 144.29 77.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 176.23 77.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 208.72 77.10 Td (onshore ) Tj ET Q q 0 0 0 rg BT 242.88 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.71 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.21 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.93 77.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 302.88 77.10 Td (Continental ) Tj ET Q q 0 0 0 rg BT 352.04 77.10 Td (Shelf.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 53.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.79 53.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 130.12 53.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.13 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.58 53.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 179.26 53.10 Td (must ) Tj ET Q q 0 0 0 rg BT 201.94 53.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 235.17 53.10 Td (with ) Tj ET Q q 0 0 0 rg BT 256.18 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.63 53.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 319.30 53.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 354.19 53.10 Td (by ) Tj ET Q q 0 0 0 rg BT 367.42 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.87 53.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 405.55 53.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 435.44 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.11 53.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 481.89 53.10 Td (Executive, ) Tj ET Q q 0 0 0 rg BT 527.61 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 539.17 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 554.62 53.10 Td (HSE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (including ) Tj ET Q q 0 0 0 rg BT 76.02 41.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.49 41.10 Td (Of) Tj ET Q q 0 0 0 rg BT 100.86 41.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 128.10 41.10 Td (Installations ) Tj ET Q q 0 0 0 rg BT 179.23 41.10 Td (Prevention ) Tj ET Q q 0 0 0 rg BT 224.81 41.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.39 41.10 Td (Fire ) Tj ET Q q 0 0 0 rg BT 253.75 41.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.44 41.10 Td (Explosion, ) Tj ET Q q 0 0 0 rg BT 315.74 41.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.43 41.10 Td (Emer) Tj ET Q q 0 0 0 rg BT 353.91 41.10 Td (gency ) Tj ET Q q 0 0 0 rg BT 380.03 41.10 Td (Response ) Tj ET Q q 0 0 0 rg BT 420.61 41.10 Td (\(PFEER\) ) Tj ET Q q 0 0 0 rg BT 459.53 41.10 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 509.56 41.10 Td (1995. ) Tj ET Q q 0 0 0 rg BT 534.31 41.10 Td (In ) Tj ET Q q 0 0 0 rg BT 544.89 41.10 Td (order ) Tj ET Q q 0 0 0 rg BT 568.23 41.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 68.07 749.10 Td (with ) Tj ET Q q 0 0 0 rg BT 87.92 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.21 749.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 123.72 749.10 Td (Of) Tj ET Q q 0 0 0 rg BT 134.10 749.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 161.16 749.10 Td (Installations ) Tj ET Q q 0 0 0 rg BT 212.11 749.10 Td (\(Safety ) Tj ET Q q 0 0 0 rg BT 243.06 749.10 Td (Case\) ) Tj ET Q q 0 0 0 rg BT 267.90 749.10 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 317.75 749.10 Td (2005, ) Tj ET Q q 0 0 0 rg BT 342.32 749.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.06 749.10 Td (are ) Tj ET Q q 0 0 0 rg BT 370.34 749.10 Td (also ) Tj ET Q q 0 0 0 rg BT 388.52 749.10 Td (required ) Tj ET Q q 0 0 0 rg BT 423.91 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.76 749.10 Td (submit ) Tj ET Q q 0 0 0 rg BT 463.06 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.57 749.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 504.40 749.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 530.35 749.10 Td (case ) Tj ET Q q 0 0 0 rg BT 549.63 749.10 Td (report, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 46.19 737.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 73.60 737.10 Td (Case, ) Tj ET Q q 0 0 0 rg BT 97.40 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.04 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.12 737.10 Td (HSE ) Tj ET Q q 0 0 0 rg BT 141.88 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.07 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.37 737.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 193.55 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.74 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.94 737.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 246.35 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.99 737.10 Td (control ) Tj ET Q q 0 0 0 rg BT 286.18 737.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 306.94 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.24 737.10 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 378.41 737.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 423.04 737.10 Td (health ) Tj ET Q q 0 0 0 rg BT 449.34 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.64 737.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 491.38 737.10 Td (management ) Tj ET Q q 0 0 0 rg BT 544.33 737.10 Td (systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (for ) Tj ET Q q 0 0 0 rg BT 51.24 725.10 Td (each ) Tj ET Q q 0 0 0 rg BT 73.14 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.05 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 101.97 725.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 120.55 725.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.90 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.26 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.06 725.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 211.83 725.10 Td (The ) Tj ET Q q 0 0 0 rg BT 230.96 725.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 260.09 725.10 Td (Cases ) Tj ET Q q 0 0 0 rg BT 287.00 725.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.79 725.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 334.70 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.06 725.10 Td (revision ) Tj ET Q q 0 0 0 rg BT 381.86 725.10 Td (every ) Tj ET Q q 0 0 0 rg BT 407.65 725.10 Td (five ) Tj ET Q q 0 0 0 rg BT 426.78 725.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 453.96 725.10 Td (however ) Tj ET Q q 0 0 0 rg BT 491.97 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.77 725.10 Td (HSE ) Tj ET Q q 0 0 0 rg BT 530.25 725.10 Td (can ) Tj ET Q q 0 0 0 rg BT 547.71 725.10 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (resubmission ) Tj ET Q q 0 0 0 rg BT 91.53 713.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 119.82 713.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 168.67 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.20 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.18 713.10 Td (event ) Tj ET Q q 0 0 0 rg BT 218.59 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 235.78 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.87 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.84 713.10 Td (contents ) Tj ET Q q 0 0 0 rg BT 297.92 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.01 713.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 361.21 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.30 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.27 713.10 Td (original ) Tj ET Q q 0 0 0 rg BT 421.13 713.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 449.44 713.10 Td (Case ) Tj ET Q q 0 0 0 rg BT 471.63 713.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 514.93 713.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 549.89 713.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.72 701.10 Td (five ) Tj ET Q q 0 0 0 rg BT 68.76 701.10 Td (year ) Tj ET Q q 0 0 0 rg BT 88.47 701.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 118.84 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 136.88 701.10 Td (HSE ) Tj ET Q q 0 0 0 rg BT 158.28 701.10 Td (also ) Tj ET Q q 0 0 0 rg BT 176.88 701.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 211.59 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 229.09 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.25 701.10 Td (keep ) Tj ET Q q 0 0 0 rg BT 264.62 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.45 701.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 320.72 701.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 342.11 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.38 701.10 Td (low ) Tj ET Q q 0 0 0 rg BT 374.88 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.71 701.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 431.52 701.10 Td (practicable, ) Tj ET Q q 0 0 0 rg BT 484.82 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.10 701.10 Td (ALARP) Tj ET Q q 0 0 0 rg BT 526.77 701.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.07 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.35 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.52 677.10 Td (date ) Tj ET Q q 0 0 0 rg BT 132.13 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.41 677.10 Td (this ) Tj ET Q q 0 0 0 rg BT 160.81 677.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 190.42 677.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 219.75 677.10 Td (two ) Tj ET Q q 0 0 0 rg BT 237.70 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.99 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.27 677.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 290.17 677.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.34 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 312.75 677.10 Td (est ) Tj ET Q q 0 0 0 rg BT 326.82 677.10 Td (Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.58 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.47 677.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 394.19 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 401.60 677.10 Td (est ) Tj ET Q q 0 0 0 rg BT 415.66 677.10 Td (Navigator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.22 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.67 677.10 Td (have ) Tj ET Q q 0 0 0 rg BT 483.50 677.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 520.89 677.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 567.69 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (their ) Tj ET Q q 0 0 0 rg BT 56.83 665.10 Td (Safety ) Tj ET Q q 0 0 0 rg BT 84.87 665.10 Td (Cases ) Tj ET Q q 0 0 0 rg BT 110.70 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.86 665.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 156.81 665.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.96 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.24 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.96 665.10 Td (U.K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 61.83 641.10 Td (Laws ) Tj ET Q q 0 0 0 rg BT 85.45 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.95 641.10 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.64 617.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 119.72 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.81 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.34 617.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 201.85 617.10 Td (described ) Tj ET Q q 0 0 0 rg BT 243.48 617.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 273.17 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 289.81 617.10 Td (international ) Tj ET Q q 0 0 0 rg BT 343.66 617.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 388.62 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.71 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.24 617.10 Td (of) Tj ET Q q 0 0 0 rg BT 423.39 617.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 451.69 617.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 484.44 617.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 521.08 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 536.59 617.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 568.23 617.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (various ) Tj ET Q q 0 0 0 rg BT 67.31 605.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.74 605.10 Td (international ) Tj ET Q q 0 0 0 rg BT 142.15 605.10 Td (conventions ) Tj ET Q q 0 0 0 rg BT 192.35 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.67 605.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 228.88 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.19 605.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 291.50 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.15 605.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 339.69 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.34 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 375.66 605.10 Td (we ) Tj ET Q q 0 0 0 rg BT 389.19 605.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 422.99 605.10 Td (including ) Tj ET Q q 0 0 0 rg BT 462.64 605.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 482.85 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.16 605.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 545.47 605.10 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.53 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.51 593.10 Td (importation ) Tj ET Q q 0 0 0 rg BT 110.92 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.01 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.21 593.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 179.73 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.81 593.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 223.01 593.10 Td (units ) Tj ET Q q 0 0 0 rg BT 245.22 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.41 593.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 309.88 593.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 347.61 593.10 Td (conversions ) Tj ET Q q 0 0 0 rg BT 398.14 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.33 593.10 Td (repatriation, ) Tj ET Q q 0 0 0 rg BT 466.68 593.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.99 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.18 593.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 513.27 593.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 561.57 593.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 93.23 581.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 128.51 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.92 581.10 Td (of) Tj ET Q q 0 0 0 rg BT 148.07 581.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 176.13 581.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 213.08 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.60 581.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 267.55 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.96 581.10 Td (expatriate ) Tj ET Q q 0 0 0 rg BT 321.45 581.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 365.90 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.19 581.10 Td (use ) Tj ET Q q 0 0 0 rg BT 397.60 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.00 581.10 Td (local ) Tj ET Q q 0 0 0 rg BT 431.51 581.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 477.35 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.87 581.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 534.05 581.10 Td (by ) Tj ET Q q 0 0 0 rg BT 547.13 581.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 82.92 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.86 569.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 126.25 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 138.75 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.47 569.10 Td (importation ) Tj ET Q q 0 0 0 rg BT 202.63 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.56 569.10 Td (exportation ) Tj ET Q q 0 0 0 rg BT 267.61 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.44 569.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 310.38 569.10 Td (units ) Tj ET Q q 0 0 0 rg BT 332.33 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.27 569.10 Td (other ) Tj ET Q q 0 0 0 rg BT 372.31 569.10 Td (equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 57.95 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 68.78 521.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 90.74 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.36 521.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 154.64 521.10 Td (Coverage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.57 497.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.25 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.48 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 177.83 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.63 497.10 Td (hazards ) Tj ET Q q 0 0 0 rg BT 220.18 497.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 254.97 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.77 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.01 497.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 310.47 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.82 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 333.40 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.86 497.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 365.21 497.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 390.84 497.10 Td (including ) Tj ET Q q 0 0 0 rg BT 430.64 497.10 Td (blowouts ) Tj ET Q q 0 0 0 rg BT 469.33 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.79 497.10 Td (well ) Tj ET Q q 0 0 0 rg BT 505.03 497.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 527.32 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 553.78 497.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 61.40 485.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 98.47 485.10 Td (injury) Tj ET Q q 0 0 0 rg BT 121.71 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 127.41 485.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 162.82 485.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 195.46 485.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 242.81 485.10 Td (destroy ) Tj ET Q q 0 0 0 rg BT 275.44 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.86 485.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 336.26 485.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 374.45 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.98 485.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 411.38 485.10 Td (serious ) Tj ET Q q 0 0 0 rg BT 442.90 485.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 503.86 485.10 Td (damage. ) Tj ET Q q 0 0 0 rg BT 540.65 485.10 Td (Of) Tj ET Q q 0 0 0 rg BT 551.02 485.10 Td (fshore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.06 473.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 115.10 473.10 Td (such ) Tj ET Q q 0 0 0 rg BT 136.05 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.99 473.10 Td (us ) Tj ET Q q 0 0 0 rg BT 158.50 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.32 473.10 Td (also ) Tj ET Q q 0 0 0 rg BT 192.05 473.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 222.99 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.38 473.10 Td (hazards ) Tj ET Q q 0 0 0 rg BT 266.54 473.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 307.46 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.86 473.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 348.24 473.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 395.01 473.10 Td (including ) Tj ET Q q 0 0 0 rg BT 435.40 473.10 Td (capsizing, ) Tj ET Q q 0 0 0 rg BT 478.28 473.10 Td (grounding, ) Tj ET Q q 0 0 0 rg BT 524.50 473.10 Td (collision ) Tj ET Q q 0 0 0 rg BT 561.56 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 53.23 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 63.22 461.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 95.98 461.10 Td (from ) Tj ET Q q 0 0 0 rg BT 117.08 461.10 Td (severe ) Tj ET Q q 0 0 0 rg BT 144.28 461.10 Td (weather) Tj ET Q q 0 0 0 rg BT 175.38 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 179.54 461.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 196.75 461.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 226.18 461.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 266.16 461.10 Td (package ) Tj ET Q q 0 0 0 rg BT 300.58 461.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 327.24 461.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 363.34 461.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 403.32 461.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 441.07 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.39 461.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 489.38 461.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 522.14 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.58 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 546.58 461.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 56.00 449.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 74.06 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.89 449.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 102.94 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.88 449.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 165.14 449.10 Td (liability) Tj ET Q q 0 0 0 rg BT 195.60 449.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.44 425.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 129.65 425.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 157.64 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 171.74 425.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 201.95 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.62 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.95 425.10 Td (deductible, ) Tj ET Q q 0 0 0 rg BT 263.99 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.21 425.10 Td (non-recoverable, ) Tj ET Q q 0 0 0 rg BT 343.56 425.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 377.81 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 386.44 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 392.77 425.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 430.75 425.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 467.63 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.96 425.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 517.50 425.10 Td (per ) Tj ET Q q 0 0 0 rg BT 532.16 425.10 Td (occurrence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.00 413.10 Td (up ) Tj ET Q q 0 0 0 rg BT 59.67 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 70.12 413.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 82.79 413.10 Td (million ) Tj ET Q q 0 0 0 rg BT 114.35 413.10 Td (related ) Tj ET Q q 0 0 0 rg BT 144.22 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.67 413.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 190.67 413.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 224.43 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.88 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.88 413.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 282.99 413.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 303.16 413.10 Td (However) Tj ET Q q 0 0 0 rg BT 339.41 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.58 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.69 413.10 Td (total ) Tj ET Q q 0 0 0 rg BT 372.13 413.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 390.36 413.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 403.86 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.86 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.97 413.10 Td (constructive ) Tj ET Q q 0 0 0 rg BT 473.51 413.10 Td (total ) Tj ET Q q 0 0 0 rg BT 493.96 413.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 512.19 413.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 525.69 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.80 413.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 564.91 413.10 Td (rig ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 44.93 401.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 93.83 401.10 Td (without ) Tj ET Q q 0 0 0 rg BT 126.64 401.10 Td (being ) Tj ET Q q 0 0 0 rg BT 151.12 401.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 181.71 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.75 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.45 401.10 Td (deductible. ) Tj ET Q q 0 0 0 rg BT 244.86 401.10 Td (For ) Tj ET Q q 0 0 0 rg BT 261.02 401.10 Td (general ) Tj ET Q q 0 0 0 rg BT 292.70 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.40 401.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 339.43 401.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 384.46 401.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 426.44 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 440.36 401.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 479.82 401.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 517.07 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.78 401.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 567.69 401.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (up ) Tj ET Q q 0 0 0 rg BT 48.82 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.42 389.10 Td ($25,000 ) Tj ET Q q 0 0 0 rg BT 94.73 389.10 Td (per ) Tj ET Q q 0 0 0 rg BT 110.32 389.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 156.99 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.81 389.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 206.51 389.10 Td (injury ) Tj ET Q q 0 0 0 rg BT 233.21 389.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 267.14 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.62 389.10 Td (crew ) Tj ET Q q 0 0 0 rg BT 303.87 389.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 335.29 389.10 Td (non-crew ) Tj ET Q q 0 0 0 rg BT 375.87 389.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 404.79 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.05 389.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 467.63 389.10 Td (property ) Tj ET Q q 0 0 0 rg BT 504.33 389.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 538.24 389.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 49.05 377.10 Td (pollution ) Tj ET Q q 0 0 0 rg BT 87.66 377.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.59 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.30 377.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 156.23 377.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 176.22 377.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 231.20 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.36 377.10 Td (some ) Tj ET Q q 0 0 0 rg BT 268.96 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.78 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 295.60 377.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 327.54 377.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 345.03 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 359.18 377.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 397.21 377.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 438.02 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.29 377.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 472.99 377.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 491.05 377.10 Td (due ) Tj ET Q q 0 0 0 rg BT 507.98 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.25 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.96 377.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 564.89 377.10 Td (rig ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (being ) Tj ET Q q 0 0 0 rg BT 60.85 365.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 91.27 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.24 365.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 138.19 365.10 Td (deprived ) Tj ET Q q 0 0 0 rg BT 175.81 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.78 365.10 Td (income ) Tj ET Q q 0 0 0 rg BT 218.85 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 229.82 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.89 365.10 Td (consequence ) Tj ET Q q 0 0 0 rg BT 290.61 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.58 365.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 335.31 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.73 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.58 365.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 376.63 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 394.82 365.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 413.02 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.98 365.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 442.17 365.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 483.12 365.10 Td (has ) Tj ET Q q 0 0 0 rg BT 499.09 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.16 365.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 550.45 365.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.11 353.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 59.89 353.10 Td (days ) Tj ET Q q 0 0 0 rg BT 81.00 353.10 Td (after ) Tj ET Q q 0 0 0 rg BT 102.09 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.08 353.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 163.71 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.82 353.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 210.93 353.10 Td (damage. ) Tj ET Q q 0 0 0 rg BT 247.10 353.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 288.33 353.10 Td (, ) Tj ET Q q 0 0 0 rg BT 293.61 353.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 332.47 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.92 353.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 373.03 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.58 353.10 Td (210 ) Tj ET Q q 0 0 0 rg BT 401.36 353.10 Td (days ) Tj ET Q q 0 0 0 rg BT 422.47 353.10 Td (per ) Tj ET Q q 0 0 0 rg BT 438.02 353.10 Td (event ) Tj ET Q q 0 0 0 rg BT 462.45 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.67 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.22 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.22 353.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 534.65 353.10 Td (aggregate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 53.24 341.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 74.92 341.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 117.17 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.19 341.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 184.42 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.78 341.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 252.23 341.10 Td (75% ) Tj ET Q q 0 0 0 rg BT 272.25 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.27 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.18 341.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 338.40 341.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 372.30 341.10 Td (dayrate. ) Tj ET Q q 0 0 0 rg BT 405.91 341.10 Td (If ) Tj ET Q q 0 0 0 rg BT 414.26 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.17 341.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 453.18 341.10 Td (period ) Tj ET Q q 0 0 0 rg BT 480.41 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 493.77 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 509.90 341.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 544.91 341.10 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 70.15 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.86 329.10 Td (number ) Tj ET Q q 0 0 0 rg BT 117.91 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.74 329.10 Td (days ) Tj ET Q q 0 0 0 rg BT 149.57 329.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 190.39 329.10 Td (under ) Tj ET Q q 0 0 0 rg BT 215.66 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.49 329.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 249.55 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.38 329.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 278.43 329.10 Td (policy) Tj ET Q q 0 0 0 rg BT 302.77 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.77 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 321.93 329.10 Td (will ) Tj ET Q q 0 0 0 rg BT 339.99 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 351.93 329.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 399.97 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.13 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.85 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 451.35 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.63 329.10 Td (such ) Tj ET Q q 0 0 0 rg BT 482.46 329.10 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 305.10 Td (Organizational Structur) Tj ET Q q 0 0 0 rg BT 175.42 305.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 281.10 Td (North ) Tj ET Q q 0 0 0 rg BT 96.28 281.10 Td (Atlantic Drilling Ltd. is a company or) Tj ET Q q 0 0 0 rg BT 247.46 281.10 Td (ganized under the laws of Bermuda. ) Tj ET Q q 0 0 0 rg BT 394.17 281.10 Td (W) Tj ET Q q 0 0 0 rg BT 402.81 281.10 Td (e are a majority owned subsidiary of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (Seadrill, which owns approximately 70% of our outstanding common shares as of the date of this ) Tj ET Q q 0 0 0 rg BT 427.31 269.10 Td (Annual Report.W) Tj ET Q q 0 0 0 rg BT 497.61 269.10 Td (e own our drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (rigs through separate wholly-owned subsidiaries that are incorporated in Bermuda.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 233.10 Td (Please see Exhibit 8.1 to this annual report for a list of our current subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 209.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.37 209.10 Td (operty) Tj ET Q q 0 0 0 rg BT 109.58 209.10 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.10 Td (For ) Tj ET Q q 0 0 0 rg BT 87.88 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.31 185.10 Td (description ) Tj ET Q q 0 0 0 rg BT 140.73 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.05 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.37 185.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 195.02 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 226.45 185.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 245.94 185.10 Td (please ) Tj ET Q q 0 0 0 rg BT 272.91 185.10 Td (see ) Tj ET Q q 0 0 0 rg BT 287.67 185.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 312.42 185.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 321.91 185.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 371.66 185.10 Td (on ) Tj ET Q q 0 0 0 rg BT 383.65 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.86 185.10 Td (Company-B. ) Tj ET Q q 0 0 0 rg BT 451.23 185.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 488.78 185.10 Td (Overview-Our ) Tj ET Q q 0 0 0 rg BT 549.08 185.10 Td (Fleet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 150.25 Td (ITEM 4A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.89 150.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 150.25 Td (UNRESOL) Tj ET Q q 0 0 0 rg BT 137.43 150.25 Td (VED ST) Tj ET Q q 0 0 0 rg BT 172.53 150.25 Td (AFF) Tj ET Q q 0 0 0 rg BT 191.60 150.25 Td ( COMMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 126.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 126.25 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 103.25 Td (ITEM 5.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 103.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 103.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 124.26 103.25 Td (TING ) Tj ET Q q 0 0 0 rg BT 151.77 103.25 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 232.05 103.25 Td ( REVIEW) Tj ET Q q 0 0 0 rg BT 276.04 103.25 Td ( ) Tj ET Q q 0 0 0 rg BT 277.99 103.25 Td (AND PROSPECTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 79.25 Td (The ) Tj ET Q q 0 0 0 rg BT 88.71 79.25 Td (following ) Tj ET Q q 0 0 0 rg BT 128.21 79.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 171.59 79.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.31 79.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 222.80 79.25 Td (should ) Tj ET Q q 0 0 0 rg BT 251.18 79.25 Td (be ) Tj ET Q q 0 0 0 rg BT 262.34 79.25 Td (r) Tj ET Q q 0 0 0 rg BT 265.86 79.25 Td (ead ) Tj ET Q q 0 0 0 rg BT 282.01 79.25 Td (in ) Tj ET Q q 0 0 0 rg BT 291.50 79.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 340.43 79.25 Td (with ) Tj ET Q q 0 0 0 rg BT 359.37 79.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 384.41 79.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 393.63 79.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 410.89 79.25 Td (Information-A. ) Tj ET Q q 0 0 0 rg BT 472.32 79.25 Td (Selected ) Tj ET Q q 0 0 0 rg BT 507.34 79.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 547.94 79.25 Td (Data, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 67.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.22 67.25 Td (our ) Tj ET Q q 0 0 0 rg BT 69.33 67.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 122.66 67.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.88 67.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.20 67.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 234.30 67.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.07 67.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 316.51 67.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.73 67.25 Td (r) Tj ET Q q 0 0 0 rg BT 337.25 67.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 363.91 67.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 387.23 67.25 Td (included ) Tj ET Q q 0 0 0 rg BT 423.89 67.25 Td (her) Tj ET Q q 0 0 0 rg BT 436.85 67.25 Td (ein. ) Tj ET Q q 0 0 0 rg BT 453.79 67.25 Td ( ) Tj ET Q q 0 0 0 rg BT 456.01 67.25 Td (Y) Tj ET Q q 0 0 0 rg BT 460.65 67.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 472.87 67.25 Td (should ) Tj ET Q q 0 0 0 rg BT 501.76 67.25 Td (also ) Tj ET Q q 0 0 0 rg BT 520.65 67.25 Td (car) Tj ET Q q 0 0 0 rg BT 533.61 67.25 Td (efully ) Tj ET Q q 0 0 0 rg BT 558.04 67.25 Td (r) Tj ET Q q 0 0 0 rg BT 561.56 67.25 Td (ead ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 55.25 Td (the ) Tj ET Q q 0 0 0 rg BT 49.88 55.25 Td (following ) Tj ET Q q 0 0 0 rg BT 89.33 55.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 132.66 55.25 Td (with ) Tj ET Q q 0 0 0 rg BT 151.55 55.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.43 55.25 Td (sections ) Tj ET Q q 0 0 0 rg BT 199.31 55.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.76 55.25 Td (this ) Tj ET Q q 0 0 0 rg BT 224.87 55.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 254.31 55.25 Td (r) Tj ET Q q 0 0 0 rg BT 257.83 55.25 Td (eport ) Tj ET Q q 0 0 0 rg BT 280.60 55.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 312.26 55.25 Td (Forwar) Tj ET Q q 0 0 0 rg BT 348.01 55.25 Td (d-Looking ) Tj ET Q q 0 0 0 rg BT 390.78 55.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 441.33 55.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.00 55.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.88 55.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.54 55.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 498.54 55.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 507.70 55.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 524.91 55.25 Td (Information-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 43.25 Td (D. ) Tj ET Q q 0 0 0 rg BT 47.68 43.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 66.86 43.25 Td (Factors. ) Tj ET Q q 0 0 0 rg BT 107.99 43.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.95 43.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 128.02 43.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 181.09 43.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.60 43.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 262.78 43.25 Td (as ) Tj ET Q q 0 0 0 rg BT 273.63 43.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.37 43.25 Td (December ) Tj ET Q q 0 0 0 rg BT 326.42 43.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 340.88 43.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 362.84 43.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.80 43.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 401.76 43.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.72 43.25 Td (for ) Tj ET Q q 0 0 0 rg BT 432.35 43.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.53 43.25 Td (years ) Tj ET Q q 0 0 0 rg BT 470.15 43.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 495.99 43.25 Td (December ) Tj ET Q q 0 0 0 rg BT 539.03 43.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 553.50 43.25 Td (2013, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 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749.10 Td (ences ) Tj ET Q q 0 0 0 rg BT 419.96 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.08 749.10 Td (this ) Tj ET Q q 0 0 0 rg BT 446.86 749.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 476.97 749.10 Td (r) Tj ET Q q 0 0 0 rg BT 480.49 749.10 Td (eport ) Tj ET Q q 0 0 0 rg BT 503.93 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.05 749.10 Td (common ) Tj ET Q q 0 0 0 rg BT 550.26 749.10 Td (shar) Tj ET Q q 0 0 0 rg BT 567.67 749.10 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (ar) Tj ET Q q 0 0 0 rg BT 44.52 737.10 Td (e ) Tj ET Q q 0 0 0 rg BT 51.70 737.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 88.33 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.85 737.10 Td (r) Tj ET Q q 0 0 0 rg BT 102.37 737.10 Td (eflect ) Tj ET Q q 0 0 0 rg BT 126.76 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.72 737.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 198.90 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.42 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.05 737.10 Td (common ) Tj ET Q q 0 0 0 rg BT 262.67 737.10 Td (shar) Tj ET Q q 0 0 0 rg BT 280.09 737.10 Td (es ) Tj ET Q q 0 0 0 rg BT 291.16 737.10 Td (thr) Tj ET Q q 0 0 0 rg BT 302.46 737.10 Td (ough ) Tj ET Q q 0 0 0 rg BT 325.20 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.94 737.10 Td (one-for) Tj ET Q q 0 0 0 rg BT 362.17 737.10 Td (-five ) Tj ET Q q 0 0 0 rg BT 382.68 737.10 Td (r) Tj ET Q q 0 0 0 rg BT 386.20 737.10 Td (everse ) Tj ET Q q 0 0 0 rg BT 414.48 737.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 437.77 737.10 Td (split, ) Tj ET Q q 0 0 0 rg BT 460.23 737.10 Td (which ) Tj ET Q q 0 0 0 rg BT 486.86 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.49 737.10 Td (boar) Tj ET Q q 0 0 0 rg BT 522.01 737.10 Td (d ) Tj ET Q q 0 0 0 rg BT 529.75 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.27 737.10 Td (dir) Tj ET Q q 0 0 0 rg BT 551.57 737.10 Td (ectors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (made ) Tj ET Q q 0 0 0 rg BT 60.16 725.10 Td (effective ) Tj ET Q q 0 0 0 rg BT 95.97 725.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.36 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(consolidated ) Tj ET Q q 0 0 0 rg BT 295.12 557.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 330.28 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.45 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.06 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.12 557.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 395.96 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.79 557.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 447.96 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.01 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.62 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.68 557.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 534.73 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.90 557.10 Td (Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 53.50 545.10 Td (had ) Tj ET Q q 0 0 0 rg BT 70.43 545.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 106.26 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.54 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.25 545.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 163.20 545.10 Td (units ) Tj ET Q q 0 0 0 rg BT 185.15 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.42 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.25 545.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 237.08 545.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 257.35 545.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 279.29 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.01 545.10 Td (April1, ) Tj ET Q q 0 0 0 rg BT 322.62 545.10 Td (201) Tj ET Q q 0 0 0 rg BT 337.25 545.10 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 521.10 Td (Combined ) Tj ET Q q 0 0 0 rg BT 116.17 521.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 171.44 521.10 Td (Carve-out ) Tj ET Q q 0 0 0 rg BT 213.92 521.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 253.64 521.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 300.02 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.96 521.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 372.23 521.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 411.94 521.10 Td (Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 81.63 497.10 Td (e-April1, ) Tj ET Q q 0 0 0 rg BT 122.45 497.10 Td (201) Tj ET Q q 0 0 0 rg BT 136.71 497.10 Td (1: ) Tj ET Q q 0 0 0 rg BT 147.54 497.10 Td (Combined ) Tj ET Q q 0 0 0 rg BT 191.15 497.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 246.99 497.10 Td (Carve-out ) Tj ET Q q 0 0 0 rg BT 290.03 497.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 331.41 497.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 94.09 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.50 473.10 Td (April ) Tj ET Q q 0 0 0 rg BT 126.69 473.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 136.28 473.10 Td (201) Tj ET Q q 0 0 0 rg BT 150.91 473.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 160.50 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.81 473.10 Td (results ) Tj ET Q q 0 0 0 rg BT 203.01 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.43 473.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 259.67 473.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.53 473.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 306.34 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.87 473.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 355.49 473.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 378.13 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.10 473.10 Td (been ) Tj ET Q q 0 0 0 rg BT 420.06 473.10 Td (carved ) Tj ET Q q 0 0 0 rg BT 448.80 473.10 Td (out ) Tj ET Q q 0 0 0 rg BT 463.67 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.09 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.39 473.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 541.03 473.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 80.04 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.21 461.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 123.14 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.41 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 153.45 461.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 191.37 461.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 231.52 461.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.35 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.62 461.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 290.89 461.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 343.26 461.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 382.85 461.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 407.05 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 424.43 461.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 451.83 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.66 461.10 Td (Businesses) Tj ET Q q 0 0 0 rg BT 500.14 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.97 461.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 541.02 461.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 81.19 449.10 Td (include ) Tj ET Q q 0 0 0 rg BT 113.60 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.79 449.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 157.60 449.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 200.30 449.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 241.31 449.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 280.39 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.80 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 318.55 449.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 343.75 449.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 377.27 449.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 425.78 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.54 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.73 449.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 479.14 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.11 449.10 Td (Businesses) Tj ET Q q 0 0 0 rg BT 528.59 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 531.57 449.10 Td (rig-owning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 437.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 93.20 437.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 142.92 437.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 188.72 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.00 437.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 212.89 437.10 Td (which ) Tj ET Q q 0 0 0 rg BT 239.83 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.54 437.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 278.71 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.98 437.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 310.92 437.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 318.42 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.70 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.42 437.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 385.35 437.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 438.39 437.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 478.65 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 516.13 437.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.43 413.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 130.75 413.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 183.18 413.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 222.82 413.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 259.68 413.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 303.78 413.10 Td (include ) Tj ET Q q 0 0 0 rg BT 335.10 413.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 380.30 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.52 413.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 428.50 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.82 413.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 482.81 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.13 413.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 526.55 413.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.62 401.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 98.13 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.64 401.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 146.93 401.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 182.43 401.10 Td (by ) Tj ET Q q 0 0 0 rg BT 194.61 401.10 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 230.40 401.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 284.79 401.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 319.74 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.14 401.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 385.77 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.40 401.10 Td (allocations ) Tj ET Q q 0 0 0 rg BT 447.90 401.10 Td (have ) Tj ET Q q 0 0 0 rg BT 468.96 401.10 Td (been ) Tj ET Q q 0 0 0 rg BT 490.03 401.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 537.19 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.38 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 556.00 401.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 53.82 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 68.31 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.58 389.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 119.52 389.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 156.22 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.83 389.10 Td (be ) Tj ET Q q 0 0 0 rg BT 179.10 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.37 389.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 231.95 389.10 Td (reflection ) Tj ET Q q 0 0 0 rg BT 273.09 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.25 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.30 389.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 342.67 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.83 389.10 Td (services ) Tj ET Q q 0 0 0 rg BT 388.87 389.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 427.25 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.40 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.45 389.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 484.04 389.10 Td (received ) Tj ET Q q 0 0 0 rg BT 520.74 389.10 Td (by ) Tj ET Q q 0 0 0 rg BT 533.57 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.61 389.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 576.01 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 82.39 377.10 Td (during ) Tj ET Q q 0 0 0 rg BT 111.00 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.72 377.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 157.66 377.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 200.79 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 218.84 377.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 245.21 377.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 267.71 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.54 377.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 320.47 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.63 377.10 Td (each ) Tj ET Q q 0 0 0 rg BT 355.44 377.10 Td (item ) Tj ET Q q 0 0 0 rg BT 375.72 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.89 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.72 377.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 353.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 353.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 129.66 353.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 162.97 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.96 353.10 Td (each ) Tj ET Q q 0 0 0 rg BT 193.49 353.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 225.15 353.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 238.48 353.10 Td (has ) Tj ET Q q 0 0 0 rg BT 254.03 353.10 Td (been ) Tj ET Q q 0 0 0 rg BT 275.12 353.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 311.77 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.77 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.20 353.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 363.61 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.82 353.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 411.93 353.10 Td (based ) Tj ET Q q 0 0 0 rg BT 436.92 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 449.13 353.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 475.22 353.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 494.66 353.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 544.90 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 555.45 353.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 122.71 341.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 152.97 341.10 Td (separable ) Tj ET Q q 0 0 0 rg BT 193.22 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.16 341.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 258.20 341.10 Td (within ) Tj ET Q q 0 0 0 rg BT 286.26 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.97 341.10 Td (books ) Tj ET Q q 0 0 0 rg BT 327.37 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.20 341.10 Td (Seadrill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 326.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 326.10 Td (There ) Tj ET Q q 0 0 0 rg BT 134.14 326.10 Td (are ) Tj ET Q q 0 0 0 rg BT 149.16 326.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 169.20 326.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 206.45 326.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 239.81 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.41 326.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.12 326.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.54 326.10 Td (est ) Tj ET Q q 0 0 0 rg BT 286.46 326.10 Td (Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.23 326.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.99 326.10 Td (were ) Tj ET Q q 0 0 0 rg BT 371.23 326.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 404.59 326.10 Td (by ) Tj ET Q q 0 0 0 rg BT 417.41 326.10 Td (one ) Tj ET Q q 0 0 0 rg BT 434.67 326.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 466.93 326.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 480.86 326.10 Td (which ) Tj ET Q q 0 0 0 rg BT 508.12 326.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 534.27 326.10 Td (part ) Tj ET Q q 0 0 0 rg BT 552.64 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.79 326.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 314.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 135.40 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.83 314.10 Td (Businesses) Tj ET Q q 0 0 0 rg BT 184.31 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.74 314.10 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 209.44 314.10 Td (However) Tj ET Q q 0 0 0 rg BT 245.69 314.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.62 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.27 314.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 296.02 314.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 340.66 314.10 Td (included ) Tj ET Q q 0 0 0 rg BT 377.53 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.18 314.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 411.82 314.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 444.80 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.00 314.10 Td (one ) Tj ET Q q 0 0 0 rg BT 471.87 314.10 Td (other ) Tj ET Q q 0 0 0 rg BT 494.85 314.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 526.73 314.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 542.76 314.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.48 314.10 Td (W) Tj ET Q q 0 0 0 rg BT 564.89 314.10 Td (est ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 302.10 Td (Eminence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.42 302.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.13 302.10 Td (which ) Tj ET Q q 0 0 0 rg BT 180.77 302.10 Td (was ) Tj ET Q q 0 0 0 rg BT 199.53 302.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.51 302.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 262.03 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.01 302.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 286.90 302.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 336.24 302.10 Td (, ) Tj ET Q q 0 0 0 rg BT 341.94 302.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 364.58 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.57 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.99 302.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 436.40 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.93 302.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.65 302.10 Td (W) Tj ET Q q 0 0 0 rg BT 470.06 302.10 Td (est ) Tj ET Q q 0 0 0 rg BT 484.38 302.10 Td (Phoenix) Tj ET Q q 0 0 0 rg BT 519.18 302.10 Td (s) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.57 302.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 558.22 302.10 Td (rig) Tj ET Q q 0 0 0 rg BT 572.11 302.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 290.10 Td (share ) Tj ET Q q 0 0 0 rg BT 131.58 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.40 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.10 290.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 176.80 290.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 207.60 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.32 290.10 Td (April ) Tj ET Q q 0 0 0 rg BT 240.91 290.10 Td (201) Tj ET Q q 0 0 0 rg BT 255.54 290.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 263.02 290.10 Td (by ) Tj ET Q q 0 0 0 rg BT 275.51 290.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 289.39 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.20 290.10 Td (share ) Tj ET Q q 0 0 0 rg BT 328.78 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.60 290.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 371.52 290.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 408.71 290.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 444.50 290.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 476.40 290.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 494.99 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.91 290.10 Td (related ) Tj ET Q q 0 0 0 rg BT 541.60 290.10 Td (balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 278.10 Td (were ) Tj ET Q q 0 0 0 rg BT 130.73 278.10 Td (carved-out ) Tj ET Q q 0 0 0 rg BT 176.78 278.10 Td (based ) Tj ET Q q 0 0 0 rg BT 202.85 278.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.14 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.66 278.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 264.94 278.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 309.34 278.10 Td (values ) Tj ET Q q 0 0 0 rg BT 338.18 278.10 Td (at ) Tj ET Q q 0 0 0 rg BT 348.70 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.21 278.10 Td (date ) Tj ET Q q 0 0 0 rg BT 384.16 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.79 278.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 440.19 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.82 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.33 278.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 487.85 278.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 531.69 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.77 278.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 557.48 278.10 Td (W) Tj ET Q q 0 0 0 rg BT 564.89 278.10 Td (est ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 266.10 Td (Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.76 266.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 251.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.39 251.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 153.79 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.63 251.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 203.36 251.10 Td (also ) Tj ET Q q 0 0 0 rg BT 222.30 251.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 262.34 251.10 Td (from ) Tj ET Q q 0 0 0 rg BT 284.62 251.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 318.50 251.10 Td (s ) Tj ET Q q 0 0 0 rg BT 325.23 251.10 Td (general ) Tj ET Q q 0 0 0 rg BT 357.49 251.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 398.09 251.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 420.02 251.10 Td (As ) Tj ET Q q 0 0 0 rg BT 433.97 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.02 251.10 Td (use ) Tj ET Q q 0 0 0 rg BT 465.19 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.36 251.10 Td (this ) Tj ET Q q 0 0 0 rg BT 493.65 251.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 513.70 251.10 Td (was ) Tj ET Q q 0 0 0 rg BT 532.09 251.10 Td (for ) Tj ET Q q 0 0 0 rg BT 546.59 251.10 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 239.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 147.48 239.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 184.76 239.10 Td (within ) Tj ET Q q 0 0 0 rg BT 212.04 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.98 239.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 258.81 239.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 286.37 239.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.53 239.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 323.15 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.20 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.15 239.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 378.31 239.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.14 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.20 239.10 Td (this ) Tj ET Q q 0 0 0 rg BT 422.37 239.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 441.31 239.10 Td (has ) Tj ET Q q 0 0 0 rg BT 456.37 239.10 Td (been ) Tj ET Q q 0 0 0 rg BT 476.97 239.10 Td (included ) Tj ET Q q 0 0 0 rg BT 513.13 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.64 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.58 239.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 227.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.96 227.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 201.12 227.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.52 227.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 285.64 227.10 Td (based ) Tj ET Q q 0 0 0 rg BT 310.82 227.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 333.24 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.87 227.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 380.26 227.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 396.55 227.10 Td (value ) Tj ET Q q 0 0 0 rg BT 420.62 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.37 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.00 227.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 473.40 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.81 227.10 Td (Businesses) Tj ET Q q 0 0 0 rg BT 522.29 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.71 227.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 556.56 227.10 Td (units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 215.10 Td (at ) Tj ET Q q 0 0 0 rg BT 116.86 215.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 174.58 215.10 Td (201) Tj ET Q q 0 0 0 rg BT 189.21 215.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 195.86 215.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.28 215.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 249.14 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.56 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.41 215.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 287.93 215.10 Td (value ) Tj ET Q q 0 0 0 rg BT 311.23 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 215.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 355.08 215.10 Td (s ) Tj ET Q q 0 0 0 rg BT 360.62 215.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 391.70 215.10 Td (units ) Tj ET Q q 0 0 0 rg BT 412.79 215.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 455.54 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.40 215.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 496.80 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.44 215.10 Td (Businesses) Tj ET Q q 0 0 0 rg BT 544.92 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.56 215.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 203.10 Td (units\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 188.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 188.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 144.11 188.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 159.67 188.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 201.88 188.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 244.93 188.10 Td (which ) Tj ET Q q 0 0 0 rg BT 273.82 188.10 Td (include ) Tj ET Q q 0 0 0 rg BT 307.70 188.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 341.60 188.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 357.15 188.10 Td (management ) Tj ET Q q 0 0 0 rg BT 412.69 188.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 433.24 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 449.35 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.01 188.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 508.24 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.02 188.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 561.56 188.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 176.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 157.49 176.10 Td (management ) Tj ET Q q 0 0 0 rg BT 210.87 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.50 176.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 253.24 176.10 Td (units ) Tj ET Q q 0 0 0 rg BT 274.98 176.10 Td (that ) Tj ET Q q 0 0 0 rg BT 292.27 176.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 321.22 176.10 Td (be ) Tj ET Q q 0 0 0 rg BT 332.95 176.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 373.56 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.63 176.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 417.02 176.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 448.76 176.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 473.00 176.10 Td (have ) Tj ET Q q 0 0 0 rg BT 494.17 176.10 Td (been ) Tj ET Q q 0 0 0 rg BT 515.34 176.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 553.73 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.80 176.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 164.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 135.40 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.90 164.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 184.29 164.10 Td (based ) Tj ET Q q 0 0 0 rg BT 209.56 164.10 Td (on ) Tj ET Q q 0 0 0 rg BT 222.06 164.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 279.54 164.10 Td (char) Tj ET Q q 0 0 0 rg BT 296.57 164.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 312.40 164.10 Td (from ) Tj ET Q q 0 0 0 rg BT 334.34 164.10 Td (Seadrill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 149.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 149.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 169.53 149.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 207.18 149.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 249.83 149.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 298.58 149.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 358.16 149.10 Td (which ) Tj ET Q q 0 0 0 rg BT 384.15 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 392.36 149.10 Td (described ) Tj ET Q q 0 0 0 rg BT 432.22 149.10 Td (further ) Tj ET Q q 0 0 0 rg BT 460.97 149.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 490.29 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.16 149.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 532.81 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.35 149.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 119.61 137.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 160.11 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.06 137.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 203.33 137.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 234.95 137.10 Td (units ) Tj ET Q q 0 0 0 rg BT 256.57 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.18 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.02 137.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.63 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.02 137.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 355.42 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 357.60 137.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 403.66 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.51 137.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 445.77 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.73 137.10 Td (have ) Tj ET Q q 0 0 0 rg BT 476.78 137.10 Td (received ) Tj ET Q q 0 0 0 rg BT 512.81 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.21 137.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 557.14 137.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 125.10 Td (been ) Tj ET Q q 0 0 0 rg BT 129.38 125.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 167.97 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.24 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.96 125.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 220.36 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.86 125.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 269.25 125.10 Td (based ) Tj ET Q q 0 0 0 rg BT 294.52 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.02 125.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 364.50 125.10 Td (char) Tj ET Q q 0 0 0 rg BT 381.53 125.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 397.36 125.10 Td (from ) Tj ET Q q 0 0 0 rg BT 419.30 125.10 Td (Seadrill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 110.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 110.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 143.46 110.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 158.37 110.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.92 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.16 110.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 279.16 110.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 319.06 110.10 Td (include ) Tj ET Q q 0 0 0 rg BT 352.29 110.10 Td (an ) Tj ET Q q 0 0 0 rg BT 365.52 110.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 408.75 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.87 110.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 454.75 110.10 Td (s ) Tj ET Q q 0 0 0 rg BT 462.44 110.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 496.22 110.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 527.78 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.02 110.10 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 98.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 159.14 98.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 192.50 98.10 Td (scheme ) Tj ET Q q 0 0 0 rg BT 224.75 98.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 249.50 98.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 282.87 98.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 318.44 98.10 Td (two ) Tj ET Q q 0 0 0 rg BT 335.70 98.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 367.94 98.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 397.96 98.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 431.33 98.10 Td (plans. ) Tj ET Q q 0 0 0 rg BT 457.03 98.10 Td (The ) Tj ET Q q 0 0 0 rg BT 474.83 98.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 507.07 98.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 540.44 98.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 563.81 98.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 86.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 145.25 86.10 Td (by ) Tj ET Q q 0 0 0 rg BT 158.09 86.10 Td (both ) Tj ET Q q 0 0 0 rg BT 178.70 86.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 212.63 86.10 Td (Of) Tj ET Q q 0 0 0 rg BT 223.00 86.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 250.20 86.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 265.81 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.08 86.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 317.02 86.10 Td (Management. ) Tj ET Q q 0 0 0 rg BT 374.55 86.10 Td (For ) Tj ET Q q 0 0 0 rg BT 391.27 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.32 86.10 Td (scheme ) Tj ET Q q 0 0 0 rg BT 439.14 86.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 476.39 86.10 Td (by ) Tj ET Q q 0 0 0 rg BT 489.22 86.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 523.16 86.10 Td (Of) Tj ET Q q 0 0 0 rg BT 533.53 86.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 560.72 86.10 Td (AS, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.37 74.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 147.85 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.45 74.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 203.82 74.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.30 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.67 74.10 Td (scheme, ) Tj ET Q q 0 0 0 rg BT 263.31 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.24 74.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 308.17 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.10 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.47 74.10 Td (period ) Tj ET Q q 0 0 0 rg BT 360.17 74.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 380.93 74.10 Td (have ) Tj ET Q q 0 0 0 rg BT 401.96 74.10 Td (been ) Tj ET Q q 0 0 0 rg BT 422.99 74.10 Td (included ) Tj ET Q q 0 0 0 rg BT 459.58 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.51 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.88 74.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 525.47 74.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 62.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 148.26 62.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.75 62.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 230.47 62.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.31 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.03 62.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 289.65 62.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 315.48 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.43 62.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 372.15 62.10 Td (are ) Tj ET Q q 0 0 0 rg BT 386.87 62.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 435.46 62.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 483.51 62.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.79 62.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 539.06 62.10 Td (that ) Tj ET Q q 0 0 0 rg BT 556.57 62.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 50.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 153.19 50.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.86 50.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 176.14 50.10 Td (For ) Tj ET Q q 0 0 0 rg BT 191.92 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.02 50.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 237.89 50.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 267.54 50.10 Td (scheme ) Tj ET Q q 0 0 0 rg BT 299.42 50.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 335.73 50.10 Td (by ) Tj ET Q q 0 0 0 rg BT 347.61 50.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 380.60 50.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 437.19 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.30 50.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 478.70 50.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.59 50.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 526.37 50.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 555.46 50.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 749.10 Td (schemes ) Tj ET Q q 0 0 0 rg BT 144.31 749.10 Td (as ) Tj ET Q q 0 0 0 rg BT 155.07 749.10 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 216.38 749.10 Td (scheme ) Tj ET Q q 0 0 0 rg BT 248.80 749.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 285.65 749.10 Td (by ) Tj ET Q q 0 0 0 rg BT 298.08 749.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 331.62 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.49 749.10 Td (included ) Tj ET Q q 0 0 0 rg BT 385.35 749.10 Td (only ) Tj ET Q q 0 0 0 rg BT 405.56 749.10 Td (period ) Tj ET Q q 0 0 0 rg BT 433.54 749.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 455.97 749.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 494.49 749.10 Td (from ) Tj ET Q q 0 0 0 rg BT 516.36 749.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 549.90 749.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 737.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 154.66 737.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 197.97 737.10 Td (on ) Tj ET Q q 0 0 0 rg BT 210.47 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.19 737.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 247.69 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.52 737.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 284.89 737.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 307.39 737.10 Td (invoiced.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 722.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 722.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 170.32 722.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 208.74 722.10 Td (include ) Tj ET Q q 0 0 0 rg BT 240.50 722.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.27 722.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 278.48 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.14 722.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 323.02 722.10 Td (s ) Tj ET Q q 0 0 0 rg BT 329.24 722.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 378.77 722.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 436.64 722.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 458.97 722.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.07 722.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 499.71 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.37 722.10 Td (options ) Tj ET Q q 0 0 0 rg BT 542.15 722.10 Td (awarded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 710.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.53 710.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 148.48 710.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 194.00 710.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.18 710.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 248.92 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.00 710.10 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 296.35 710.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 324.66 710.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 377.40 710.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.48 710.10 Td (service ) Tj ET Q q 0 0 0 rg BT 419.54 710.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 448.95 710.10 Td (be ) Tj ET Q q 0 0 0 rg BT 461.14 710.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 509.98 710.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 551.05 710.10 Td (to ) Tj ET Q q 0 0 0 rg BT 561.58 710.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 698.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 142.17 698.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 158.64 698.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 203.63 698.10 Td (it ) Tj ET Q q 0 0 0 rg BT 212.26 698.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.01 698.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 268.41 698.10 Td (that ) Tj ET Q q 0 0 0 rg BT 286.48 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.78 698.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 329.18 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.26 698.10 Td (Businesses, ) Tj ET Q q 0 0 0 rg BT 381.73 698.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.14 698.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.65 698.10 Td (part ) Tj ET Q q 0 0 0 rg BT 419.28 698.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.69 698.10 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 467.37 698.10 Td (received ) Tj ET Q q 0 0 0 rg BT 504.31 698.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 535.15 698.10 Td (from ) Tj ET Q q 0 0 0 rg BT 557.67 698.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 686.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 145.80 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.34 686.10 Td (so ) Tj ET Q q 0 0 0 rg BT 175.32 686.10 Td (should ) Tj ET Q q 0 0 0 rg BT 205.09 686.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 247.05 686.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.58 686.10 Td (share ) Tj ET Q q 0 0 0 rg BT 278.78 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.20 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.51 686.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 349.14 686.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 370.16 686.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 419.50 686.10 Td (, ) Tj ET Q q 0 0 0 rg BT 425.10 686.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 475.40 686.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 534.04 686.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 557.13 686.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 674.10 Td (been ) Tj ET Q q 0 0 0 rg BT 128.95 674.10 Td (included ) Tj ET Q q 0 0 0 rg BT 165.46 674.10 Td (based ) Tj ET Q q 0 0 0 rg BT 190.30 674.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.37 674.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 259.42 674.10 Td (invoices ) Tj ET Q q 0 0 0 rg BT 294.82 674.10 Td (received ) Tj ET Q q 0 0 0 rg BT 330.76 674.10 Td (during ) Tj ET Q q 0 0 0 rg BT 358.94 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.23 674.10 Td (period ) Tj ET Q q 0 0 0 rg BT 400.85 674.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 441.23 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.52 674.10 Td (time ) Tj ET Q q 0 0 0 rg BT 475.37 674.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 498.55 674.10 Td (by ) Tj ET Q q 0 0 0 rg BT 510.62 674.10 Td (these ) Tj ET Q q 0 0 0 rg BT 533.24 674.10 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 662.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.50 662.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 152.43 662.10 Td (related ) Tj ET Q q 0 0 0 rg BT 182.14 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.41 662.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 647.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 132.59 647.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.39 647.10 Td (items ) Tj ET Q q 0 0 0 rg BT 192.88 647.10 Td (include ) Tj ET Q q 0 0 0 rg BT 224.13 647.10 Td (an ) Tj ET Q q 0 0 0 rg BT 235.39 647.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 276.64 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.79 647.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 320.68 647.10 Td (s ) Tj ET Q q 0 0 0 rg BT 326.39 647.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 390.96 647.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 440.55 647.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.04 647.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 485.29 647.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 502.10 647.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 530.86 647.10 Td (which ) Tj ET Q q 0 0 0 rg BT 557.12 647.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 635.10 Td (been ) Tj ET Q q 0 0 0 rg BT 129.38 635.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 167.97 635.10 Td (on ) Tj ET Q q 0 0 0 rg BT 180.47 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.18 635.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 217.68 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.51 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.23 635.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 270.63 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.13 635.10 Td (Businesses) Tj ET Q q 0 0 0 rg BT 319.61 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.11 635.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 366.83 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.66 635.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 411.54 635.10 Td (s ) Tj ET Q q 0 0 0 rg BT 417.93 635.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 451.54 635.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 469.02 635.10 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 608.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 106.37 608.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 126.86 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.56 608.10 Td (centralized ) Tj ET Q q 0 0 0 rg BT 181.69 608.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.72 608.10 Td (management ) Tj ET Q q 0 0 0 rg BT 257.08 608.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 290.39 608.10 Td (Whether ) Tj ET Q q 0 0 0 rg BT 328.08 608.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.11 608.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 378.48 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.41 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.89 608.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 441.60 608.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 485.68 608.10 Td (all ) Tj ET Q q 0 0 0 rg BT 498.94 608.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 538.30 608.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 561.56 608.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 596.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 74.60 596.10 Td (have ) Tj ET Q q 0 0 0 rg BT 95.98 596.10 Td (been ) Tj ET Q q 0 0 0 rg BT 117.35 596.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 150.95 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.22 596.10 Td (have ) Tj ET Q q 0 0 0 rg BT 182.60 596.10 Td (been ) Tj ET Q q 0 0 0 rg BT 203.98 596.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 223.70 596.10 Td (by ) Tj ET Q q 0 0 0 rg BT 236.20 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.91 596.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 278.31 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.81 596.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 327.21 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.48 596.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 371.09 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.37 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.08 596.10 Td (year ) Tj ET Q q 0 0 0 rg BT 415.79 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.07 596.10 Td (which ) Tj ET Q q 0 0 0 rg BT 453.01 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.72 596.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 490.22 596.10 Td (were ) Tj ET Q q 0 0 0 rg BT 512.15 596.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.59 572.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.60 572.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 166.37 572.10 Td (results ) Tj ET Q q 0 0 0 rg BT 195.52 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.89 572.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 251.58 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.06 572.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.86 572.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 315.12 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.49 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.75 572.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 369.15 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.19 572.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 419.12 572.10 Td (may ) Tj ET Q q 0 0 0 rg BT 439.37 572.10 Td (dif) Tj ET Q q 0 0 0 rg BT 450.30 572.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 464.44 572.10 Td (from ) Tj ET Q q 0 0 0 rg BT 486.92 572.10 Td (those ) Tj ET Q q 0 0 0 rg BT 511.06 572.10 Td (that ) Tj ET Q q 0 0 0 rg BT 529.10 572.10 Td (would ) Tj ET Q q 0 0 0 rg BT 557.14 572.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 560.10 Td (been ) Tj ET Q q 0 0 0 rg BT 56.99 560.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 94.63 560.10 Td (had ) Tj ET Q q 0 0 0 rg BT 111.18 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.50 560.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 152.90 560.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.01 560.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 201.01 560.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 237.55 560.10 Td (autonomously ) Tj ET Q q 0 0 0 rg BT 296.32 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.76 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 313.31 560.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 348.19 560.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 375.29 560.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 400.17 560.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.94 560.10 Td (all ) Tj ET Q q 0 0 0 rg BT 426.04 560.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 457.59 560.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 500.52 560.10 Td (because ) Tj ET Q q 0 0 0 rg BT 534.27 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.60 560.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 576.00 560.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 548.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 82.22 548.10 Td (may ) Tj ET Q q 0 0 0 rg BT 101.76 548.10 Td (have ) Tj ET Q q 0 0 0 rg BT 122.97 548.10 Td (had ) Tj ET Q q 0 0 0 rg BT 139.73 548.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 182.05 548.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 241.58 548.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 282.51 548.10 Td (including ) Tj ET Q q 0 0 0 rg BT 322.61 548.10 Td (legal, ) Tj ET Q q 0 0 0 rg BT 346.87 548.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 395.57 548.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 430.10 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.86 548.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 490.28 548.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 538.70 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.47 548.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 536.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 58.50 536.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 97.10 536.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 132.92 536.10 Td (by ) Tj ET Q q 0 0 0 rg BT 145.42 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.36 536.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 176.52 536.10 Td (public ) Tj ET Q q 0 0 0 rg BT 204.02 536.10 Td (entity) Tj ET Q q 0 0 0 rg BT 226.14 536.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.70 512.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 128.94 512.10 Td (with ) Tj ET Q q 0 0 0 rg BT 149.08 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.67 512.10 Td (North ) Tj ET Q q 0 0 0 rg BT 188.84 512.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 223.42 512.10 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 282.72 512.10 Td (we ) Tj ET Q q 0 0 0 rg BT 296.75 512.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 339.65 512.10 Td (only ) Tj ET Q q 0 0 0 rg BT 359.80 512.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 389.37 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.06 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.65 512.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 440.35 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.15 512.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 496.74 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.43 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.02 512.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 556.59 512.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 500.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 70.23 500.10 Td (while ) Tj ET Q q 0 0 0 rg BT 95.29 500.10 Td (other ) Tj ET Q q 0 0 0 rg BT 118.69 500.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.87 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.15 500.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.66 500.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 246.71 500.10 Td (with ) Tj ET Q q 0 0 0 rg BT 267.33 500.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 301.29 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.57 500.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 348.62 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.80 500.10 Td (its ) Tj ET Q q 0 0 0 rg BT 372.10 500.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 424.66 500.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 461.95 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.58 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.64 500.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 534.37 500.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 488.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 60.07 488.10 Td (February17, ) Tj ET Q q 0 0 0 rg BT 113.58 488.10 Td (201) Tj ET Q q 0 0 0 rg BT 128.21 488.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 137.59 488.10 Td (All ) Tj ET Q q 0 0 0 rg BT 152.78 488.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 181.02 488.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 220.65 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.50 488.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 281.57 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.76 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.39 488.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 333.79 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.20 488.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 382.50 488.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 419.90 488.10 Td (that ) Tj ET Q q 0 0 0 rg BT 437.31 488.10 Td (were ) Tj ET Q q 0 0 0 rg BT 459.15 488.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.34 488.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 522.29 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 534.71 488.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 568.22 488.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 476.10 Td (us ) Tj ET Q q 0 0 0 rg BT 47.39 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 62.10 476.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 102.91 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 113.74 476.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 167.35 476.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 211.50 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.78 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.50 476.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 278.43 476.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 331.47 476.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 371.73 476.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.21 476.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 453.92 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.86 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.14 476.10 Td (note ) Tj ET Q q 0 0 0 rg BT 500.85 476.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 508.35 476.10 Td (thereto.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 452.10 Td (Post ) Tj ET Q q 0 0 0 rg BT 92.28 452.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 109.13 452.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 121.07 452.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 136.07 452.10 Td (201) Tj ET Q q 0 0 0 rg BT 150.33 452.10 Td (1: ) Tj ET Q q 0 0 0 rg BT 161.16 452.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 216.99 452.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 258.37 452.10 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 428.10 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 114.84 428.10 Td (April1, ) Tj ET Q q 0 0 0 rg BT 147.46 428.10 Td (201) Tj ET Q q 0 0 0 rg BT 162.09 428.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 171.10 428.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.94 428.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 222.44 428.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 266.16 428.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.00 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.95 428.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 316.21 428.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 337.16 428.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 361.44 428.10 Td (are ) Tj ET Q q 0 0 0 rg BT 375.16 428.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 414.99 428.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.50 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.45 428.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 484.50 428.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 508.41 428.10 Td (The ) Tj ET Q q 0 0 0 rg BT 525.46 428.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 416.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 73.00 416.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 117.23 416.10 Td (include ) Tj ET Q q 0 0 0 rg BT 148.68 416.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.03 416.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.38 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.83 416.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 247.12 416.10 Td (All ) Tj ET Q q 0 0 0 rg BT 261.92 416.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 318.92 416.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 355.36 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.82 416.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 421.60 416.10 Td (have ) Tj ET Q q 0 0 0 rg BT 442.49 416.10 Td (been ) Tj ET Q q 0 0 0 rg BT 463.39 416.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 507.61 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.63 416.10 Td (consolidation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 392.10 Td (Our) Tj ET Q q 0 0 0 rg BT 53.60 392.10 Td ( ) Tj ET Q q 0 0 0 rg BT 56.10 392.10 Td (Fleet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 368.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 368.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.39 368.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 118.09 368.10 Td (information ) Tj ET Q q 0 0 0 rg BT 167.80 368.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 208.61 368.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.44 368.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 256.38 368.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 280.83 368.10 Td (please ) Tj ET Q q 0 0 0 rg BT 308.31 368.10 Td (seeItem ) Tj ET Q q 0 0 0 rg BT 346.34 368.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 356.34 368.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 406.60 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.09 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.81 368.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 475.19 368.10 Td (- ) Tj ET Q q 0 0 0 rg BT 481.02 368.10 Td (B. ) Tj ET Q q 0 0 0 rg BT 492.69 368.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 530.75 368.10 Td (Overview ) Tj ET Q q 0 0 0 rg BT 572.67 368.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 356.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 54.05 356.10 Td (Fleet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 296.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 70.71 296.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 122.10 296.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 272.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.53 272.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 139.04 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.36 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.56 272.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 219.08 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.50 272.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 278.92 272.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 332.44 272.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 373.18 272.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.14 272.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.33 272.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 491.52 272.10 Td (us ) Tj ET Q q 0 0 0 rg BT 503.40 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.16 272.10 Td (make ) Tj ET Q q 0 0 0 rg BT 538.80 272.10 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 53.30 260.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 105.61 260.10 Td (that ) Tj ET Q q 0 0 0 rg BT 123.47 260.10 Td (af) Tj ET Q q 0 0 0 rg BT 131.06 260.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 148.91 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.99 260.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 200.16 260.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 236.91 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.11 260.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 276.80 260.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 319.38 260.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 357.78 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.08 260.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 414.04 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.34 260.10 Td (related ) Tj ET Q q 0 0 0 rg BT 461.41 260.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 508.71 260.10 Td (about ) Tj ET Q q 0 0 0 rg BT 533.79 260.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 248.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 61.23 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 77.56 248.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 119.04 248.10 Td (W) Tj ET Q q 0 0 0 rg BT 127.67 248.10 Td (e ) Tj ET Q q 0 0 0 rg BT 134.01 248.10 Td (base ) Tj ET Q q 0 0 0 rg BT 153.67 248.10 Td (these ) Tj ET Q q 0 0 0 rg BT 176.12 248.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 215.22 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.56 248.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 282.90 248.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.80 248.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 333.91 248.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 379.10 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.44 248.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.33 248.10 Td (various ) Tj ET Q q 0 0 0 rg BT 438.67 248.10 Td (other ) Tj ET Q q 0 0 0 rg BT 461.11 248.10 Td (information ) Tj ET Q q 0 0 0 rg BT 510.22 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.55 248.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 236.10 Td (that ) Tj ET Q q 0 0 0 rg BT 54.19 236.10 Td (we ) Tj ET Q q 0 0 0 rg BT 69.04 236.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 101.10 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.07 236.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.69 236.10 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 173.14 236.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 191.88 236.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 222.83 236.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 269.89 236.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 310.29 236.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.69 236.10 Td (important ) Tj ET Q q 0 0 0 rg BT 367.76 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.73 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.14 236.10 Td (portrayal ) Tj ET Q q 0 0 0 rg BT 433.42 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.94 236.10 Td (both ) Tj ET Q q 0 0 0 rg BT 465.91 236.10 Td (our ) Tj ET Q q 0 0 0 rg BT 482.43 236.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.60 236.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 561.56 236.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 224.10 Td (results ) Tj ET Q q 0 0 0 rg BT 64.91 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.04 224.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 120.49 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.73 224.10 Td (require ) Tj ET Q q 0 0 0 rg BT 168.84 224.10 Td (us ) Tj ET Q q 0 0 0 rg BT 180.54 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.11 224.10 Td (make ) Tj ET Q q 0 0 0 rg BT 215.57 224.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 258.91 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.04 224.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 307.27 224.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 359.52 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.65 224.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 410.66 224.10 Td (about ) Tj ET Q q 0 0 0 rg BT 435.68 224.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 467.91 224.10 Td (that ) Tj ET Q q 0 0 0 rg BT 485.70 224.10 Td (are ) Tj ET Q q 0 0 0 rg BT 500.71 224.10 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 543.21 224.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 567.68 224.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 212.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 84.80 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.50 212.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 147.98 212.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 195.12 212.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 229.49 212.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.96 212.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 286.55 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.60 212.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 320.30 212.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 328.57 212.10 Td (\(General ) Tj ET Q q 0 0 0 rg BT 366.81 212.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 417.84 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.54 212.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 460.48 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.07 212.10 Td (Presentation\), ) Tj ET Q q 0 0 0 rg BT 530.60 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.31 212.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 571.01 212.10 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 200.10 Td (\(Accounting ) Tj ET Q q 0 0 0 rg BT 88.68 200.10 Td (Policies\), ) Tj ET Q q 0 0 0 rg BT 128.88 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.90 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.82 200.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 178.62 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.10 200.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.13 200.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 258.37 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.50 200.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 317.64 200.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 370.88 200.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 411.33 200.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.01 200.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 493.92 200.10 Td (appearing ) Tj ET Q q 0 0 0 rg BT 536.04 200.10 Td (elsewhere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.36 188.10 Td (this ) Tj ET Q q 0 0 0 rg BT 63.39 188.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 92.63 188.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 121.40 188.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.04 188.10 Td (e ) Tj ET Q q 0 0 0 rg BT 137.06 188.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 168.52 188.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.10 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.90 188.10 Td (following ) Tj ET Q q 0 0 0 rg BT 242.37 188.10 Td (are ) Tj ET Q q 0 0 0 rg BT 257.16 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.96 188.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 302.30 188.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 348.75 188.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 388.55 188.10 Td (used ) Tj ET Q q 0 0 0 rg BT 409.46 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.82 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.62 188.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 482.74 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.65 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.45 188.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 561.58 188.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 176.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 78.71 176.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 132.52 176.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 173.54 176.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.80 176.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 259.78 176.10 Td (In ) Tj ET Q q 0 0 0 rg BT 271.38 176.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 309.93 176.10 Td (there ) Tj ET Q q 0 0 0 rg BT 333.18 176.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.66 176.10 Td (other ) Tj ET Q q 0 0 0 rg BT 372.48 176.10 Td (items ) Tj ET Q q 0 0 0 rg BT 397.42 176.10 Td (within ) Tj ET Q q 0 0 0 rg BT 426.24 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.73 176.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 484.44 176.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 538.25 176.10 Td (carve-out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 164.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 73.48 164.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 118.19 164.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.69 164.10 Td (require ) Tj ET Q q 0 0 0 rg BT 166.50 164.10 Td (estimation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 140.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 107.29 140.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 116.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 105.97 116.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 130.23 116.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 160.87 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.62 116.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 222.14 116.10 Td (are ) Tj ET Q q 0 0 0 rg BT 236.65 116.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 273.94 116.10 Td (at ) Tj ET Q q 0 0 0 rg BT 283.46 116.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 322.98 116.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 341.40 116.10 Td (less ) Tj ET Q q 0 0 0 rg BT 358.71 116.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 411.54 116.10 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 465.60 116.10 Td (The ) Tj ET Q q 0 0 0 rg BT 483.46 116.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 501.88 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.52 116.10 Td (these ) Tj ET Q q 0 0 0 rg BT 535.37 116.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 561.01 116.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 104.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 77.83 104.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 112.99 104.10 Td (value ) Tj ET Q q 0 0 0 rg BT 138.15 104.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.32 104.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 197.91 104.10 Td (on ) Tj ET Q q 0 0 0 rg BT 211.42 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.36 104.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 271.19 104.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 294.69 104.10 Td (over ) Tj ET Q q 0 0 0 rg BT 315.97 104.10 Td (their ) Tj ET Q q 0 0 0 rg BT 337.80 104.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 379.62 104.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 423.67 104.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 466.05 104.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 493.99 104.10 Td (lives. ) Tj ET Q q 0 0 0 rg BT 518.63 104.10 Td (The ) Tj ET Q q 0 0 0 rg BT 537.69 104.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 92.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 77.37 92.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 104.31 92.10 Td (life ) Tj ET Q q 0 0 0 rg BT 120.14 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.97 92.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.80 92.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 178.74 92.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 203.19 92.10 Td (when ) Tj ET Q q 0 0 0 rg BT 227.35 92.10 Td (new) Tj ET Q q 0 0 0 rg BT 243.36 92.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.36 92.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.53 92.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 317.79 92.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 330.29 92.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 68.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 82.16 68.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 132.22 68.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.71 68.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 192.30 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.02 68.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 257.38 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.44 68.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 314.69 68.10 Td (with ) Tj ET Q q 0 0 0 rg BT 334.75 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.25 68.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 376.52 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.13 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.63 68.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 450.29 68.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 496.46 68.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 546.51 68.10 Td (that ) Tj ET Q q 0 0 0 rg BT 563.79 68.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 56.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 69.44 56.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.57 56.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 114.67 56.10 Td (an ) Tj ET Q q 0 0 0 rg BT 126.46 56.10 Td (asset) Tj ET Q q 0 0 0 rg BT 148.67 56.10 Td (s ) Tj ET Q q 0 0 0 rg BT 154.91 56.10 Td (value ) Tj ET Q q 0 0 0 rg BT 178.91 56.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.92 56.10 Td (its ) Tj ET Q q 0 0 0 rg BT 204.72 56.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 247.61 56.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 274.39 56.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 292.57 56.10 Td (are ) Tj ET Q q 0 0 0 rg BT 307.12 56.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 352.77 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.56 56.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 417.99 56.10 Td (over ) Tj ET Q q 0 0 0 rg BT 438.10 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.67 56.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 495.56 56.10 Td (life ) Tj ET Q q 0 0 0 rg BT 511.23 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.91 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.47 56.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 560.76 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 562.94 56.10 Td (W) Tj ET Q q 0 0 0 rg BT 571.57 56.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 44.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 78.49 44.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.21 44.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 129.04 44.10 Td (value ) Tj ET Q q 0 0 0 rg BT 153.20 44.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.04 44.10 Td (these ) Tj ET Q q 0 0 0 rg BT 187.10 44.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 212.94 44.10 Td (based ) Tj ET Q q 0 0 0 rg BT 238.21 44.10 Td (on ) Tj ET Q q 0 0 0 rg BT 250.72 44.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 284.33 44.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.84 44.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 349.88 44.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.72 44.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 407.94 44.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 459.90 44.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.84 44.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 521.02 44.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 553.51 44.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.79 44.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 71.96 749.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 98.75 749.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 141.94 749.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 169.02 749.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 190.55 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.63 749.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 241.92 749.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 272.42 749.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.61 749.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 342.70 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.78 749.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 404.09 749.10 Td (we ) Tj ET Q q 0 0 0 rg BT 418.39 749.10 Td (use ) Tj ET Q q 0 0 0 rg BT 434.36 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.78 749.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 495.74 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.60 749.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 551.56 749.10 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 57.88 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 69.21 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.54 737.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 117.98 737.10 Td (units ) Tj ET Q q 0 0 0 rg BT 140.43 737.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 168.96 737.10 Td (both ) Tj ET Q q 0 0 0 rg BT 189.74 737.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 229.95 737.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 276.24 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.68 737.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 346.66 737.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 387.97 737.10 Td (future ) Tj ET Q q 0 0 0 rg BT 414.85 737.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 462.00 737.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 505.55 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.98 737.10 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (The ) Tj ET Q q 0 0 0 rg BT 54.15 725.10 Td (use ) Tj ET Q q 0 0 0 rg BT 70.09 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.02 725.10 Td (dif) Tj ET Q q 0 0 0 rg BT 91.95 725.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 117.87 725.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 160.19 725.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 212.24 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.28 725.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 273.55 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.94 725.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 334.32 725.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 375.24 725.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 402.28 725.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 423.78 725.10 Td (could ) Tj ET Q q 0 0 0 rg BT 448.60 725.10 Td (result ) Tj ET Q q 0 0 0 rg BT 473.42 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.80 725.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 526.94 725.10 Td (dif) Tj ET Q q 0 0 0 rg BT 537.87 725.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 563.79 725.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (book ) Tj ET Q q 0 0 0 rg BT 58.50 713.10 Td (values ) Tj ET Q q 0 0 0 rg BT 86.55 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.38 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.21 713.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 145.15 713.10 Td (units ) Tj ET Q q 0 0 0 rg BT 167.10 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.04 713.10 Td (results ) Tj ET Q q 0 0 0 rg BT 212.65 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.48 713.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.92 689.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 118.73 689.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 140.99 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.69 689.10 Td (units ) Tj ET Q q 0 0 0 rg BT 175.51 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.32 689.10 Td (related ) Tj ET Q q 0 0 0 rg BT 223.89 689.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 269.48 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 285.05 689.10 Td (dif) Tj ET Q q 0 0 0 rg BT 295.98 689.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 320.46 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.61 689.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 368.30 689.10 Td (due ) Tj ET Q q 0 0 0 rg BT 386.11 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.26 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.07 689.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 436.20 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.91 689.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 480.98 689.10 Td (including ) Tj ET Q q 0 0 0 rg BT 522.13 689.10 Td (technological ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 75.58 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 93.52 677.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 123.67 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.82 677.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 175.65 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.92 677.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 205.96 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.23 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.73 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.10 677.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 264.37 677.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 312.85 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.23 677.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 387.32 677.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 422.46 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.18 677.10 Td (market ) Tj ET Q q 0 0 0 rg BT 463.88 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.15 677.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 516.96 677.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 561.57 677.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 70.54 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.64 665.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 101.30 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.96 665.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 158.72 665.10 Td (af) Tj ET Q q 0 0 0 rg BT 166.31 665.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 196.41 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.95 665.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 242.72 665.10 Td (industry) Tj ET Q q 0 0 0 rg BT 274.85 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 279.51 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 288.15 665.10 Td (e ) Tj ET Q q 0 0 0 rg BT 294.92 665.10 Td (re-evaluate ) Tj ET Q q 0 0 0 rg BT 341.66 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.20 665.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 399.07 665.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 425.84 665.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 447.06 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.72 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.38 665.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 505.15 665.10 Td (units ) Tj ET Q q 0 0 0 rg BT 526.93 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 537.58 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.35 665.10 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 66.13 653.10 Td (events ) Tj ET Q q 0 0 0 rg BT 94.60 653.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 119.73 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 147.10 653.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 180.57 653.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 210.71 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.96 653.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 274.33 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.58 653.10 Td (their ) Tj ET Q q 0 0 0 rg BT 306.83 653.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 350.30 653.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 377.67 653.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 399.48 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.85 653.10 Td (include ) Tj ET Q q 0 0 0 rg BT 449.21 653.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 484.34 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.04 653.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 535.73 653.10 Td (condition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 79.04 641.10 Td (capability ) Tj ET Q q 0 0 0 rg BT 120.97 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.91 641.10 Td (market ) Tj ET Q q 0 0 0 rg BT 168.17 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.11 641.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 226.48 641.10 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.66 617.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 125.08 617.10 Td (values ) Tj ET Q q 0 0 0 rg BT 152.74 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.18 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.62 617.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 221.84 617.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.28 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.60 617.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 300.35 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.12 617.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 362.33 617.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 403.31 617.10 Td (events ) Tj ET Q q 0 0 0 rg BT 430.97 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.41 617.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 475.73 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.62 617.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 544.37 617.10 Td (indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 52.82 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.86 605.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 102.00 605.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 133.82 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.98 605.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.24 605.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 176.51 605.10 Td (may ) Tj ET Q q 0 0 0 rg BT 195.55 605.10 Td (no ) Tj ET Q q 0 0 0 rg BT 207.37 605.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 234.75 605.10 Td (be ) Tj ET Q q 0 0 0 rg BT 246.01 605.10 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 295.73 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 304.37 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 310.64 605.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 336.90 605.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 394.26 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.41 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.45 605.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 453.59 605.10 Td (value ) Tj ET Q q 0 0 0 rg BT 477.07 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.23 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.27 605.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 522.54 605.10 Td (by ) Tj ET Q q 0 0 0 rg BT 534.36 605.10 Td (estimating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 51.00 593.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 107.11 593.10 Td (future ) Tj ET Q q 0 0 0 rg BT 133.78 593.10 Td (net ) Tj ET Q q 0 0 0 rg BT 148.78 593.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.33 593.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 194.34 593.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 232.66 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.22 593.10 Td (result ) Tj ET Q q 0 0 0 rg BT 268.22 593.10 Td (from ) Tj ET Q q 0 0 0 rg BT 290.45 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.45 593.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 330.17 593.10 Td (including ) Tj ET Q q 0 0 0 rg BT 370.73 593.10 Td (eventual ) Tj ET Q q 0 0 0 rg BT 407.39 593.10 Td (disposition. ) Tj ET Q q 0 0 0 rg BT 456.57 593.10 Td (If ) Tj ET Q q 0 0 0 rg BT 466.02 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.02 593.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 537.13 593.10 Td (future ) Tj ET Q q 0 0 0 rg BT 563.80 593.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 55.78 581.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 80.01 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 94.23 581.10 Td (less ) Tj ET Q q 0 0 0 rg BT 111.24 581.10 Td (than ) Tj ET Q q 0 0 0 rg BT 130.47 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 581.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 180.02 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 203.69 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.03 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.26 581.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 252.21 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.65 581.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 311.76 581.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 329.34 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 338.02 581.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 375.00 581.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 398.67 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.46 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.69 581.10 Td (dif) Tj ET Q q 0 0 0 rg BT 433.61 581.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 465.04 581.10 Td (between ) Tj ET Q q 0 0 0 rg BT 500.36 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.59 581.10 Td (asset) Tj ET Q q 0 0 0 rg BT 536.81 581.10 Td (s ) Tj ET Q q 0 0 0 rg BT 542.71 581.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (value ) Tj ET Q q 0 0 0 rg BT 60.37 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 77.53 569.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 94.12 569.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 120.99 569.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.04 569.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 166.68 569.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 215.49 569.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 252.09 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 267.01 569.10 Td (based ) Tj ET Q q 0 0 0 rg BT 292.49 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.21 569.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 343.46 569.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 368.68 569.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 411.94 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.09 569.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 465.13 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.50 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.43 569.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 535.47 569.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 62.74 557.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 83.93 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.57 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.09 557.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 130.83 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 141.46 557.10 Td (group ) Tj ET Q q 0 0 0 rg BT 167.10 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.73 557.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 203.36 557.10 Td (being ) Tj ET Q q 0 0 0 rg BT 227.88 557.10 Td (assessed. ) Tj ET Q q 0 0 0 rg BT 266.06 557.10 Td (An ) Tj ET Q q 0 0 0 rg BT 280.59 557.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 328.99 557.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 346.85 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 355.83 557.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 393.11 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.19 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.71 557.10 Td (period ) Tj ET Q q 0 0 0 rg BT 445.56 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.64 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 482.38 557.10 Td (it ) Tj ET Q q 0 0 0 rg BT 490.25 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.22 557.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 546.50 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 563.80 557.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 77.03 545.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 112.52 545.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 144.68 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.52 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.47 545.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 219.29 545.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 243.68 545.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 291.95 545.10 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 339.66 545.10 Td (are, ) Tj ET Q q 0 0 0 rg BT 356.54 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 368.71 545.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 398.36 545.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 426.09 545.10 Td (subjective. ) Tj ET Q q 0 0 0 rg BT 471.14 545.10 Td (They ) Tj ET Q q 0 0 0 rg BT 493.86 545.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 526.02 545.10 Td (expectations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (about ) Tj ET Q q 0 0 0 rg BT 59.75 533.10 Td (future ) Tj ET Q q 0 0 0 rg BT 85.15 533.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 104.45 533.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 128.20 533.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 168.59 533.10 Td (by ) Tj ET Q q 0 0 0 rg BT 180.12 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.97 533.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 222.33 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.30 533.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 265.36 533.10 Td (management) Tj ET Q q 0 0 0 rg BT 319.23 533.10 Td (s ) Tj ET Q q 0 0 0 rg BT 324.65 533.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 375.62 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.59 533.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 434.78 533.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 474.63 533.10 Td (future ) Tj ET Q q 0 0 0 rg BT 500.03 533.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 534.34 533.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.42 521.10 Td (their ) Tj ET Q q 0 0 0 rg BT 72.72 521.10 Td (ef) Tj ET Q q 0 0 0 rg BT 80.31 521.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 97.27 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 109.25 521.10 Td (future ) Tj ET Q q 0 0 0 rg BT 135.10 521.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 177.63 521.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 205.43 521.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 240.72 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.14 521.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 281.47 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.00 521.10 Td (use ) Tj ET Q q 0 0 0 rg BT 314.30 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.61 521.10 Td (dif) Tj ET Q q 0 0 0 rg BT 335.54 521.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 360.83 521.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 400.02 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.44 521.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 467.86 521.10 Td (could ) Tj ET Q q 0 0 0 rg BT 492.06 521.10 Td (result ) Tj ET Q q 0 0 0 rg BT 516.25 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.01 521.10 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 509.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 72.74 509.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 108.56 509.10 Td (values ) Tj ET Q q 0 0 0 rg BT 136.61 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.44 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.27 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.10 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.03 509.10 Td (could ) Tj ET Q q 0 0 0 rg BT 230.75 509.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 273.79 509.10 Td (af) Tj ET Q q 0 0 0 rg BT 281.38 509.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 298.86 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.69 509.10 Td (results ) Tj ET Q q 0 0 0 rg BT 343.30 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.13 509.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 105.61 485.10 Td (T) Tj ET Q q 0 0 0 rg BT 110.80 485.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 461.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.79 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.71 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.87 461.10 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 149.24 461.10 Td (company) Tj ET Q q 0 0 0 rg BT 185.24 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 190.46 461.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 228.13 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 233.35 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 247.72 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.64 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 278.14 461.10 Td (required ) Tj ET Q q 0 0 0 rg BT 314.17 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.66 461.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 341.81 461.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 365.08 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.57 461.10 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 414.94 461.10 Td (on ) Tj ET Q q 0 0 0 rg BT 427.65 461.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 464.25 461.10 Td (income ) Tj ET Q q 0 0 0 rg BT 496.39 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 507.44 461.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 536.80 461.10 Td (gains. ) Tj ET Q q 0 0 0 rg BT 562.93 461.10 Td (W) Tj ET Q q 0 0 0 rg BT 571.57 461.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (have ) Tj ET Q q 0 0 0 rg BT 57.65 449.10 Td (received ) Tj ET Q q 0 0 0 rg BT 94.28 449.10 Td (written ) Tj ET Q q 0 0 0 rg BT 125.38 449.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 167.02 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 189.23 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.22 449.10 Td (Minister ) Tj ET Q q 0 0 0 rg BT 240.88 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.98 449.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 286.41 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.96 449.10 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 336.39 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.16 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 368.59 449.10 Td (will ) Tj ET Q q 0 0 0 rg BT 386.92 449.10 Td (be ) Tj ET Q q 0 0 0 rg BT 399.13 449.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 431.34 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 453.55 449.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 488.53 449.10 Td (until ) Tj ET Q q 0 0 0 rg BT 509.64 449.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 553.51 449.10 Td (2035. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 68.65 437.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 119.09 437.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 151.73 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.72 437.10 Td (other ) Tj ET Q q 0 0 0 rg BT 186.49 437.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 239.15 437.10 Td (where ) Tj ET Q q 0 0 0 rg BT 266.80 437.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 290.56 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 305.99 437.10 Td (imposed. ) Tj ET Q q 0 0 0 rg BT 345.59 437.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 399.94 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 405.65 437.10 Td (income ) Tj ET Q q 0 0 0 rg BT 438.30 437.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 462.07 437.10 Td (have ) Tj ET Q q 0 0 0 rg BT 484.16 437.10 Td (been ) Tj ET Q q 0 0 0 rg BT 506.26 437.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 544.45 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 555.45 437.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 87.03 425.10 Td (when ) Tj ET Q q 0 0 0 rg BT 110.28 425.10 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 159.90 425.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 177.04 425.10 Td (income ) Tj ET Q q 0 0 0 rg BT 208.06 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 221.86 425.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 255.65 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.91 425.10 Td (based ) Tj ET Q q 0 0 0 rg BT 288.27 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.85 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.77 425.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 348.29 425.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 384.87 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 398.68 425.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 419.14 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.17 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 448.97 425.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 485.55 425.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 539.91 425.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.61 413.10 Td (us ) Tj ET Q q 0 0 0 rg BT 56.34 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 65.95 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.00 413.10 Td (various ) Tj ET Q q 0 0 0 rg BT 111.27 413.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 162.55 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.16 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 198.43 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 211.93 413.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 245.55 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 254.19 413.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.46 413.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 292.84 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 306.33 413.10 Td (income ) Tj ET Q q 0 0 0 rg BT 337.60 413.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 359.98 413.10 Td (based ) Tj ET Q q 0 0 0 rg BT 384.58 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 396.42 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.47 413.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 424.52 413.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 444.68 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.95 413.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 481.66 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.28 413.10 Td (ef) Tj ET Q q 0 0 0 rg BT 498.86 413.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 515.68 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.29 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.34 413.10 Td (countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 45.33 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 71.33 401.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 114.54 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.31 401.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 170.96 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.95 401.10 Td (income ) Tj ET Q q 0 0 0 rg BT 217.94 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 226.17 401.10 Td (earned. ) Tj ET Q q 0 0 0 rg BT 256.76 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 273.86 401.10 Td (income ) Tj ET Q q 0 0 0 rg BT 304.85 401.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 318.62 401.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 339.06 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.05 401.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 390.50 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.38 401.10 Td (computing ) Tj ET Q q 0 0 0 rg BT 444.71 401.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 475.14 401.10 Td (income ) Tj ET Q q 0 0 0 rg BT 506.13 401.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 525.46 401.10 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (between ) Tj ET Q q 0 0 0 rg BT 71.60 389.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 125.82 389.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 143.65 389.10 Td (income ) Tj ET Q q 0 0 0 rg BT 175.37 389.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.86 389.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 224.35 389.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.30 389.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 271.11 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.17 389.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 318.43 389.10 Td (from ) Tj ET Q q 0 0 0 rg BT 340.15 389.10 Td (year ) Tj ET Q q 0 0 0 rg BT 359.64 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.70 389.10 Td (year ) Tj ET Q q 0 0 0 rg BT 389.18 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 399.79 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 415.40 389.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 459.34 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 473.83 389.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 517.20 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.26 389.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.19 389.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 563.78 389.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 87.94 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.88 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.60 377.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 152.09 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.92 377.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 193.74 377.10 Td (income ) Tj ET Q q 0 0 0 rg BT 225.67 377.10 Td (fluctuates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.19 353.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 150.37 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.45 353.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 213.74 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.71 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.68 353.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 272.98 353.10 Td (group ) Tj ET Q q 0 0 0 rg BT 299.95 353.10 Td (income ) Tj ET Q q 0 0 0 rg BT 333.03 353.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 348.88 353.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 390.30 353.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 427.83 353.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 485.34 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.31 353.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 513.17 353.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 535.14 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 546.56 353.10 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 88.33 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.99 341.10 Td (which ) Tj ET Q q 0 0 0 rg BT 126.31 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.86 341.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 173.17 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.49 341.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 225.58 341.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 270.68 341.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 311.34 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.66 341.10 Td (use ) Tj ET Q q 0 0 0 rg BT 344.88 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.09 341.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 396.19 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.51 341.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 465.84 341.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 507.04 341.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 552.14 341.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 66.29 329.10 Td (such ) Tj ET Q q 0 0 0 rg BT 86.86 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.43 329.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 132.16 329.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 160.52 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.20 329.10 Td (character ) Tj ET Q q 0 0 0 rg BT 216.07 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.64 329.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 260.81 329.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 306.38 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.05 329.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 337.51 329.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 368.75 329.10 Td (There ) Tj ET Q q 0 0 0 rg BT 394.30 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.75 329.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 438.19 329.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 488.19 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.09 329.10 Td (which ) Tj ET Q q 0 0 0 rg BT 528.77 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.23 329.10 Td (ultimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 50.84 317.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 109.01 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.30 317.10 Td (unclear ) Tj ET Q q 0 0 0 rg BT 150.36 317.10 Td (due ) Tj ET Q q 0 0 0 rg BT 167.42 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.83 317.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 225.43 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.84 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.68 317.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 287.19 317.10 Td (course ) Tj ET Q q 0 0 0 rg BT 315.91 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.87 317.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 365.70 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 374.34 317.10 Td (e ) Tj ET Q q 0 0 0 rg BT 381.40 317.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 422.89 317.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.73 317.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 477.58 317.10 Td (based ) Tj ET Q q 0 0 0 rg BT 502.97 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 515.60 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 531.56 317.10 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.71 305.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 83.29 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.00 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.60 305.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 155.10 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 170.68 305.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 218.50 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.31 305.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.69 305.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 290.28 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.99 305.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 325.92 305.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.29 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 363.23 305.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 407.15 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 419.97 305.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 440.29 305.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 478.10 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.26 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.86 305.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 529.07 305.10 Td (regulations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 86.82 293.10 Td (treaties, ) Tj ET Q q 0 0 0 rg BT 120.98 293.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 152.65 293.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 190.42 293.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 230.96 293.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 278.18 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.30 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.42 293.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 331.54 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.66 293.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 387.10 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.22 293.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 448.78 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.35 293.10 Td (each ) Tj ET Q q 0 0 0 rg BT 480.45 293.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 528.79 293.10 Td (may ) Tj ET Q q 0 0 0 rg BT 548.80 293.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 52.17 281.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 67.22 281.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 101.16 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.78 281.10 Td (any ) Tj ET Q q 0 0 0 rg BT 129.05 281.10 Td (given ) Tj ET Q q 0 0 0 rg BT 154.10 281.10 Td (year) Tj ET Q q 0 0 0 rg BT 170.76 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 175.89 281.10 Td (While ) Tj ET Q q 0 0 0 rg BT 203.16 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.33 281.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 248.82 281.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 263.87 281.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 304.48 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.99 281.10 Td (based ) Tj ET Q q 0 0 0 rg BT 339.59 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.43 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.48 281.10 Td (information ) Tj ET Q q 0 0 0 rg BT 417.53 281.10 Td (available ) Tj ET Q q 0 0 0 rg BT 456.46 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.07 281.10 Td (us ) Tj ET Q q 0 0 0 rg BT 478.80 281.10 Td (at ) Tj ET Q q 0 0 0 rg BT 488.85 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.90 281.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 527.01 281.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.29 281.10 Td (number ) Tj ET Q q 0 0 0 rg BT 567.67 281.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (years ) Tj ET Q q 0 0 0 rg BT 60.11 269.10 Td (may ) Tj ET Q q 0 0 0 rg BT 80.33 269.10 Td (elapse ) Tj ET Q q 0 0 0 rg BT 108.32 269.10 Td (before ) Tj ET Q q 0 0 0 rg BT 136.87 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.09 269.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 187.87 269.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.09 269.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 243.32 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.11 269.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 284.32 269.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.54 269.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 351.99 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.21 269.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 417.69 269.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 451.25 269.10 Td (income ) Tj ET Q q 0 0 0 rg BT 483.69 269.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 498.92 269.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 534.13 269.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 566.56 269.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 71.65 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.32 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.98 257.10 Td (income ) Tj ET Q q 0 0 0 rg BT 129.75 257.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 144.30 257.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 177.74 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.73 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.28 257.10 Td (current ) Tj ET Q q 0 0 0 rg BT 236.93 257.10 Td (year) Tj ET Q q 0 0 0 rg BT 253.74 257.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.57 257.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 309.24 257.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 334.62 257.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 369.16 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.27 257.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 401.04 257.10 Td (year ) Tj ET Q q 0 0 0 rg BT 420.58 257.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 435.13 257.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 474.67 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 485.34 257.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 499.89 257.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 529.99 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 544.53 257.10 Td (filed, ) Tj ET Q q 0 0 0 rg BT 567.69 257.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (from ) Tj ET Q q 0 0 0 rg BT 58.03 245.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 72.83 245.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 95.42 245.10 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 148.28 245.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 166.42 245.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 202.32 245.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.12 245.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 251.92 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 262.84 245.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 293.19 245.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 336.32 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.13 245.10 Td (change ) Tj ET Q q 0 0 0 rg BT 382.03 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.40 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.20 245.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 440.33 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.24 245.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 487.14 245.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 501.95 245.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 527.87 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 538.78 245.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 46.86 233.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 84.36 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 96.89 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.64 233.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 144.70 233.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 170.10 233.10 Td (V) Tj ET Q q 0 0 0 rg BT 176.21 233.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 210.95 233.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 257.91 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.65 233.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 320.16 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.47 233.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 359.64 233.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 395.48 233.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.23 233.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 436.09 233.10 Td (when ) Tj ET Q q 0 0 0 rg BT 460.28 233.10 Td (it ) Tj ET Q q 0 0 0 rg BT 468.37 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 477.57 233.10 Td (more ) Tj ET Q q 0 0 0 rg BT 500.64 233.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 525.95 233.10 Td (than ) Tj ET Q q 0 0 0 rg BT 545.70 233.10 Td (not ) Tj ET Q q 0 0 0 rg BT 561.01 233.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (some ) Tj ET Q q 0 0 0 rg BT 59.65 221.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 91.09 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.96 221.10 Td (all ) Tj ET Q q 0 0 0 rg BT 114.50 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.38 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.14 221.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 175.99 221.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.75 221.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 216.63 221.10 Td (will ) Tj ET Q q 0 0 0 rg BT 234.73 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 250.05 221.10 Td (be ) Tj ET Q q 0 0 0 rg BT 262.04 221.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 298.54 221.10 Td (T) Tj ET Q q 0 0 0 rg BT 303.95 221.10 Td (o ) Tj ET Q q 0 0 0 rg BT 311.50 221.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 354.02 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.78 221.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 401.32 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.20 221.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 448.05 221.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 462.81 221.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.69 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.67 221.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 547.93 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 558.81 221.10 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 46.96 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 57.93 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.78 209.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 112.62 209.10 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 162.18 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.47 209.10 Td (must ) Tj ET Q q 0 0 0 rg BT 198.55 209.10 Td (make ) Tj ET Q q 0 0 0 rg BT 222.84 209.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 262.69 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.76 209.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 309.60 209.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 361.68 209.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 402.63 209.10 Td (future ) Tj ET Q q 0 0 0 rg BT 429.14 209.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 460.64 209.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 495.21 209.10 Td (including ) Tj ET Q q 0 0 0 rg BT 535.61 209.10 Td (where ) Tj ET Q q 0 0 0 rg BT 562.68 209.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.69 197.10 Td (units ) Tj ET Q q 0 0 0 rg BT 89.39 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.85 197.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 141.63 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.66 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 163.35 197.10 Td (deployed, ) Tj ET Q q 0 0 0 rg BT 204.75 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 215.33 197.10 Td (well ) Tj ET Q q 0 0 0 rg BT 234.80 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.38 197.10 Td (other ) Tj ET Q q 0 0 0 rg BT 268.18 197.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 319.88 197.10 Td (related ) Tj ET Q q 0 0 0 rg BT 349.33 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.36 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.94 197.10 Td (future ) Tj ET Q q 0 0 0 rg BT 401.06 197.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.53 197.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 452.01 197.10 Td (A) Tj ET Q q 0 0 0 rg BT 458.68 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.93 197.10 Td (change ) Tj ET Q q 0 0 0 rg BT 491.49 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.52 197.10 Td (such ) Tj ET Q q 0 0 0 rg BT 522.10 197.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 561.56 197.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 90.45 185.10 Td (along ) Tj ET Q q 0 0 0 rg BT 115.17 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 135.44 185.10 Td (any ) Tj ET Q q 0 0 0 rg BT 152.38 185.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 187.09 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.37 185.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 212.08 185.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 235.41 185.10 Td (could ) Tj ET Q q 0 0 0 rg BT 260.13 185.10 Td (require ) Tj ET Q q 0 0 0 rg BT 290.95 185.10 Td (us ) Tj ET Q q 0 0 0 rg BT 302.34 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.62 185.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 339.00 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.72 185.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 389.53 185.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 404.24 185.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 432.57 185.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 474.79 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 485.62 185.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 525.33 185.10 Td (allowances.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 137.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 116.70 137.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 86.35 113.10 Td (use ) Tj ET Q q 0 0 0 rg BT 100.95 113.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 142.20 113.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.46 113.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 226.39 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.44 113.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 263.36 113.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 294.07 113.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 310.32 113.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 332.89 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 349.71 113.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 390.42 113.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 442.23 113.10 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 481.26 113.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 524.74 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.34 113.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 71.91 101.10 Td (an ) Tj ET Q q 0 0 0 rg BT 83.92 101.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 125.93 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.84 101.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 170.73 101.10 Td (s ) Tj ET Q q 0 0 0 rg BT 177.20 101.10 Td (derivatives) Tj ET Q q 0 0 0 rg BT 223.66 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.24 101.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 249.93 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.95 101.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 293.42 101.10 Td (related ) Tj ET Q q 0 0 0 rg BT 323.20 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.56 101.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 398.89 101.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 449.24 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.83 101.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 495.51 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.87 101.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 529.00 101.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 561.01 101.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 62.66 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 74.87 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.30 89.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 111.52 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.06 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.49 89.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 163.90 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.11 89.10 Td (Businesses) Tj ET Q q 0 0 0 rg BT 212.59 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.80 89.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 259.23 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.78 89.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 303.66 89.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.77 89.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 343.08 89.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 360.28 89.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 382.22 89.10 Td (It ) Tj ET Q q 0 0 0 rg BT 390.54 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 399.42 89.10 Td (also ) Tj ET Q q 0 0 0 rg BT 417.75 89.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 458.83 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.82 89.10 Td (use ) Tj ET Q q 0 0 0 rg BT 484.36 89.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 524.35 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.34 89.10 Td (estimating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 51.32 77.10 Td (value ) Tj ET Q q 0 0 0 rg BT 76.08 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.51 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.83 77.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 135.37 77.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 153.46 77.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 177.11 77.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 224.09 77.10 Td (forming ) Tj ET Q q 0 0 0 rg BT 259.41 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.73 77.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 297.83 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.26 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.58 77.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 390.43 77.10 Td (adjustment. ) Tj ET Q q 0 0 0 rg BT 439.92 77.10 Td (If ) Tj ET Q q 0 0 0 rg BT 449.68 77.10 Td (dif) Tj ET Q q 0 0 0 rg BT 460.61 77.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 487.03 77.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 539.58 77.10 Td (had ) Tj ET Q q 0 0 0 rg BT 557.12 77.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 62.66 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.37 65.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 113.76 65.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 152.35 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.63 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.34 65.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 218.16 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.99 65.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 273.15 65.10 Td (would ) Tj ET Q q 0 0 0 rg BT 300.65 65.10 Td (have ) Tj ET Q q 0 0 0 rg BT 322.03 65.10 Td (been ) Tj ET Q q 0 0 0 rg BT 343.40 65.10 Td (dif) Tj ET Q q 0 0 0 rg BT 354.33 65.10 Td (ferent.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 41.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 749.10 Td (e allocate the cost of acquired businesses to the identifiable tangible and intangible assets and liabilities acquired, with any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (remaining amount being capitalized as goodwill. Goodwill is tested for impairment at least annually) Tj ET Q q 0 0 0 rg BT 435.80 737.10 Td (. ) Tj ET Q q 0 0 0 rg BT 440.62 737.10 Td (W) Tj ET Q q 0 0 0 rg BT 449.26 737.10 Td (e perform a goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (impairment test as of December 31 for each reporting segment or a component of an operating segment that constitutes a business for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (which financial information is available and is regularly reviewed by management. ) Tj ET Q q 0 0 0 rg BT 370.15 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 378.78 713.10 Td (e have determined that its reporting units are the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (same as its operating segments for the purpose of allocating goodwill and the subsequent testing of goodwill for impairment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 677.10 Td (e first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (than its carrying amount as a basis for determining whether it is necessary to perform the two step goodwill impairment test. ) Tj ET Q q 0 0 0 rg BT 535.70 665.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (assessing the qualitative factors to make this determination we consider amongst other things, the overall macroeconomic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (environment, drilling industry and market trends, trends in contracting costs and day rates, developments in interest rates, market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (values of drilling units, expectations of the future price of oil and our market capitalization. Based on a qualitative assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (performed as of December 31, 2013, our annual goodwill impairment test, we concluded that it was more-likely-than-not that the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (value of our reporting units exceeded their carrying amount and there was no impairment of goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 581.10 Td (If we dispose of assets that constitute a business, we allocate a portion of the reporting unit) Tj ET Q q 0 0 0 rg BT 438.30 581.10 Td (s goodwill to that business in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (determining the gain or loss on the disposal of the business. ) Tj ET Q q 0 0 0 rg BT 276.90 569.10 Td (The amount of goodwill that is allocated to the business is based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (relative fair values of that business and the portion of the reporting unit that will be retained..) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 521.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 106.16 521.10 Td (Affecting ) Tj ET Q q 0 0 0 rg BT 148.08 521.10 Td (our) Tj ET Q q 0 0 0 rg BT 162.90 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.40 521.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 199.02 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.85 521.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.48 497.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 128.95 497.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 159.09 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 186.46 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 208.27 497.10 Td (af) Tj ET Q q 0 0 0 rg BT 215.85 497.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 243.21 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.47 497.10 Td (results ) Tj ET Q q 0 0 0 rg BT 288.51 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.88 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.02 497.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.48 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.19 497.10 Td (af) Tj ET Q q 0 0 0 rg BT 377.78 497.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 395.70 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 411.96 497.10 Td (future ) Tj ET Q q 0 0 0 rg BT 438.77 497.10 Td (results ) Tj ET Q q 0 0 0 rg BT 467.80 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.07 497.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 523.65 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.02 497.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (position ) Tj ET Q q 0 0 0 rg BT 70.73 485.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 461.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 461.10 Td (number ) Tj ET Q q 0 0 0 rg BT 155.76 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.70 461.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 220.19 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.02 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.85 461.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 278.79 461.10 Td (units;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 449.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 158.53 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.36 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.19 449.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 217.14 449.10 Td (units;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 437.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 437.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 145.21 437.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 185.48 437.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 224.07 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.90 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.73 437.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 282.68 437.10 Td (units;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 425.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 425.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 151.05 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.21 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.04 425.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 212.98 425.10 Td (units;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 413.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 413.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 167.71 413.10 Td (expenses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 401.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 401.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.93 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.87 401.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.92 401.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.40 401.10 Td (items; ) Tj ET Q q 0 0 0 rg BT 244.34 401.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 389.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.72 389.10 Td (expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.19 341.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 117.97 341.10 Td (each ) Tj ET Q q 0 0 0 rg BT 139.14 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.33 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.52 341.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 198.82 341.10 Td (units ) Tj ET Q q 0 0 0 rg BT 221.13 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.65 341.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 275.15 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.67 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.97 341.10 Td (period ) Tj ET Q q 0 0 0 rg BT 325.37 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.56 341.10 Td (time ) Tj ET Q q 0 0 0 rg BT 357.19 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.83 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 380.12 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 393.54 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.83 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 427.02 341.10 Td (company ) Tj ET Q q 0 0 0 rg BT 466.54 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.17 341.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 510.58 341.10 Td (of) Tj ET Q q 0 0 0 rg BT 518.73 341.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 546.57 341.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (services ) Tj ET Q q 0 0 0 rg BT 71.01 329.10 Td (at ) Tj ET Q q 0 0 0 rg BT 81.03 329.10 Td (an ) Tj ET Q q 0 0 0 rg BT 93.27 329.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 122.71 329.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 145.51 329.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 165.80 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.60 329.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 200.28 329.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 236.40 329.10 Td (have ) Tj ET Q q 0 0 0 rg BT 258.08 329.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 305.87 329.10 Td (varied ) Tj ET Q q 0 0 0 rg BT 333.65 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 355.89 329.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 416.46 329.10 Td ($50,000 ) Tj ET Q q 0 0 0 rg BT 451.76 329.10 Td (per ) Tj ET Q q 0 0 0 rg BT 467.33 329.10 Td (day ) Tj ET Q q 0 0 0 rg BT 484.57 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.15 329.10 Td (more ) Tj ET Q q 0 0 0 rg BT 518.50 329.10 Td (than ) Tj ET Q q 0 0 0 rg BT 538.51 329.10 Td ($650,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (per ) Tj ET Q q 0 0 0 rg BT 51.91 317.10 Td (day) Tj ET Q q 0 0 0 rg BT 65.70 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 71.34 317.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 116.14 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 129.28 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.64 317.10 Td (type ) Tj ET Q q 0 0 0 rg BT 164.99 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.46 317.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 209.05 317.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 223.30 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.88 317.10 Td (its ) Tj ET Q q 0 0 0 rg BT 253.47 317.10 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 304.65 317.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 345.55 317.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 387.29 317.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 410.98 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.56 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 452.25 317.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 484.40 317.10 Td (An ) Tj ET Q q 0 0 0 rg BT 499.76 317.10 Td (important ) Tj ET Q q 0 0 0 rg BT 541.79 317.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 568.24 317.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 87.31 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.52 305.10 Td (level ) Tj ET Q q 0 0 0 rg BT 124.95 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.27 305.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 170.91 305.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.57 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.78 305.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 234.86 305.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 278.40 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.72 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.93 305.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 337.37 305.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 353.75 305.10 Td (T) Tj ET Q q 0 0 0 rg BT 359.16 305.10 Td (o ) Tj ET Q q 0 0 0 rg BT 367.15 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.36 305.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 409.79 305.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.77 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.10 305.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.74 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.94 305.10 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 550.81 305.10 Td (due ) Tj ET Q q 0 0 0 rg BT 568.24 305.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 81.37 293.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 128.96 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.45 293.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 188.59 293.10 Td (failures, ) Tj ET Q q 0 0 0 rg BT 224.23 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 239.05 293.10 Td (do ) Tj ET Q q 0 0 0 rg BT 252.21 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 268.15 293.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 308.51 293.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 340.53 293.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 363.69 293.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 381.83 293.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 440.53 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.35 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.73 293.10 Td (period ) Tj ET Q q 0 0 0 rg BT 499.43 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.92 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.30 293.10 Td (interruption. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 90.76 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 106.37 281.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 141.96 281.10 Td (can ) Tj ET Q q 0 0 0 rg BT 158.11 281.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.82 281.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 203.74 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.80 281.10 Td (instances ) Tj ET Q q 0 0 0 rg BT 252.73 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.33 281.10 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 309.48 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.09 281.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 364.02 281.10 Td (service ) Tj ET Q q 0 0 0 rg BT 394.61 281.10 Td (due ) Tj ET Q q 0 0 0 rg BT 411.33 281.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 423.88 281.10 Td (among ) Tj ET Q q 0 0 0 rg BT 453.37 281.10 Td (other ) Tj ET Q q 0 0 0 rg BT 476.20 281.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 505.42 281.10 Td (repairs, ) Tj ET Q q 0 0 0 rg BT 537.40 281.10 Td (upgrades, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 91.53 269.10 Td (force ) Tj ET Q q 0 0 0 rg BT 114.56 269.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 149.27 269.10 Td (or ) Tj ET Q q 0 0 0 rg BT 160.10 269.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 200.91 269.10 Td (suspension ) Tj ET Q q 0 0 0 rg BT 247.30 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.13 269.10 Td (services ) Tj ET Q q 0 0 0 rg BT 292.84 269.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.34 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.06 269.10 Td (client ) Tj ET Q q 0 0 0 rg BT 344.77 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.71 269.10 Td (other ) Tj ET Q q 0 0 0 rg BT 384.75 269.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 425.02 269.10 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.20 245.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 113.06 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.15 245.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 172.46 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.44 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.31 245.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 234.05 245.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 257.92 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 271.23 245.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 328.42 245.10 Td (when ) Tj ET Q q 0 0 0 rg BT 351.73 245.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 380.59 245.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 411.67 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 426.65 245.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 459.13 245.10 Td (including ) Tj ET Q q 0 0 0 rg BT 498.55 245.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 531.85 245.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 75.68 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.38 233.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 122.30 233.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 166.44 233.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 185.86 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.12 233.10 Td (some ) Tj ET Q q 0 0 0 rg BT 219.71 233.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 245.79 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 259.93 233.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 317.95 233.10 Td (when ) Tj ET Q q 0 0 0 rg BT 342.09 233.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.23 233.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 390.92 233.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 425.05 233.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 478.06 233.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 519.14 233.10 Td (In ) Tj ET Q q 0 0 0 rg BT 529.95 233.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 564.35 233.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 50.71 221.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 83.20 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.48 221.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 112.08 221.10 Td (escalation ) Tj ET Q q 0 0 0 rg BT 154.56 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.84 221.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 214.54 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 228.71 221.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 263.98 221.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 297.58 221.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 316.19 221.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 355.33 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.16 221.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 403.63 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.91 221.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 449.18 221.10 Td (available ) Tj ET Q q 0 0 0 rg BT 487.77 221.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 506.38 221.10 Td (indices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.46 197.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.36 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.27 197.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 171.04 197.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 193.17 197.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 229.45 197.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 272.12 197.10 Td (may ) Tj ET Q q 0 0 0 rg BT 291.47 197.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 308.04 197.10 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 360.72 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.28 197.10 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 439.40 197.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 457.63 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 471.42 197.10 Td (units ) Tj ET Q q 0 0 0 rg BT 493.00 197.10 Td (before ) Tj ET Q q 0 0 0 rg BT 520.67 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.23 197.10 Td (after ) Tj ET Q q 0 0 0 rg BT 557.68 197.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 67.51 185.10 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 120.95 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.45 185.10 Td (may ) Tj ET Q q 0 0 0 rg BT 156.73 185.10 Td (also ) Tj ET Q q 0 0 0 rg BT 174.90 185.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 191.40 185.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 253.45 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.84 185.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 285.90 185.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 321.28 185.10 Td (by ) Tj ET Q q 0 0 0 rg BT 333.34 185.10 Td (us ) Tj ET Q q 0 0 0 rg BT 344.29 185.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.57 185.10 Td (their ) Tj ET Q q 0 0 0 rg BT 373.96 185.10 Td (request ) Tj ET Q q 0 0 0 rg BT 404.90 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.62 185.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 460.67 185.10 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 498.01 185.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 538.95 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.45 185.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 73.21 173.10 Td (not ) Tj ET Q q 0 0 0 rg BT 88.49 173.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 122.63 173.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.13 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.85 173.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 196.77 173.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 219.26 173.10 Td (rate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 149.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 116.17 149.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.06 149.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 125.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.86 125.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 133.92 125.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 174.33 125.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 206.41 125.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 247.93 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.56 125.10 Td (vessel ) Tj ET Q q 0 0 0 rg BT 289.30 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.04 125.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 323.46 125.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 365.53 125.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 408.43 125.10 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 464.93 125.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 507.84 125.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 561.56 125.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 89.04 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.98 113.10 Td (general ) Tj ET Q q 0 0 0 rg BT 137.90 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.84 113.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 214.54 113.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.82 89.10 Td (V) Tj ET Q q 0 0 0 rg BT 83.93 89.10 Td (essel and rig operating expenses are related to the drilling units we have in operation and include the remuneration of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.10 Td (of) Tj ET Q q 0 0 0 rg BT 80.15 77.10 Td (fshore crews, onshore rig supervision staf) Tj ET Q q 0 0 0 rg BT 246.59 77.10 Td (f, expenses for repairs and maintenance, as well as other expenses specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 65.10 Td (related to the drilling units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 50.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 50.10 Td ( Reimbursable expenses are incurred at the request of customers, and include supplies, personnel and other services.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td ( Depreciation and amortization expenses are based on the historical cost of our drilling units and other equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 734.10 Td ( General and administrative expenses include the costs of our regional of) Tj ET Q q 0 0 0 rg BT 366.61 734.10 Td (fices in various locations, as well as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 722.10 Td (remuneration and other compensation of the directors and employees engaged in the management and administration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 710.10 Td (Company) Tj ET Q q 0 0 0 rg BT 110.24 710.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 671.10 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 671.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 671.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 105.61 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.44 671.10 Td (Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 647.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 63.12 647.10 Td (Y) Tj ET Q q 0 0 0 rg BT 69.24 647.10 Td (ear) Tj ET Q q 0 0 0 rg BT 82.93 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.43 647.10 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.73 647.10 Td (December) Tj ET Q q 0 0 0 rg BT 158.85 647.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 176.35 647.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.35 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.85 647.10 Td (compar) Tj ET Q q 0 0 0 rg BT 231.44 647.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 243.94 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.77 647.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 281.89 647.10 Td (Y) Tj ET Q q 0 0 0 rg BT 288.01 647.10 Td (ear) Tj ET Q q 0 0 0 rg BT 301.70 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.20 647.10 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 647.10 Td (December) Tj ET Q q 0 0 0 rg BT 377.62 647.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.12 647.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.12 647.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 603.60 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 603.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 603.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 575.60 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 575.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 575.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 575.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 547.60 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 547.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 547.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 519.60 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 519.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 519.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 519.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 603.6 m 421.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 603.6 m 496.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 603.6 m 500.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 603.6 m 575.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 603.6 m 496.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 603.6 m 575.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 575.6 m 496.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 575.6 m 575.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 533.6 m 496.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 533.6 m 575.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 505.6 m 496.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 491.6 m 496.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 505.6 m 575.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 491.6 m 575.5 491.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 607.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.35 615.83 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.25 607.83 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.35 615.83 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.25 607.83 Td (December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 594.17 Td (Total operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 593.27 Td (1,324.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 594.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 593.27 Td (1,044.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 580.17 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 579.27 Td (963.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 580.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 579.27 Td (640.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 566.17 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 565.27 Td (360.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 566.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 565.27 Td (404.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 552.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 552.22 Td (\(84.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 552.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 552.17 Td (\(83.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 552.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 538.17 Td (Other financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 538.22 Td (\(11.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 538.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 538.17 Td (\(28.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 538.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 524.17 Td (Income before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 524.17 Td (264.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 524.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 524.17 Td (291.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 510.17 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 510.22 Td (\(28.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 510.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 510.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 510.17 Td (\(109.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 510.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 496.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 496.17 Td (235.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 496.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 496.17 Td (181.7) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 456.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.19 456.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 59.25 456.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 101.20 456.10 Td (revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 432.10 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 432.10 Td (otal operating revenues for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 432.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 432.10 Td ( was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.30 432.10 Td (1,324.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.69 432.10 Td ( compared to $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.90 432.10 Td (1,044.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.29 432.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 420.10 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.08 420.10 Td (December31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.67 420.10 Td (. ) Tj ET Q q 0 0 0 rg BT 165.49 420.10 Td (T) Tj ET Q q 0 0 0 rg BT 170.90 420.10 Td (otal operating revenues are predominantly contract revenues with additional amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 408.10 Td (reimbursable and other revenue. ) Tj ET Q q 0 0 0 rg BT 167.15 408.10 Td (The increase in total operating revenues was primarily due to ) Tj ET Q q 0 0 0 rg BT 414.11 408.10 Td (W) Tj ET Q q 0 0 0 rg BT 422.74 408.10 Td (est Hercules commencing operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 396.10 Td (in January 2013 and contributed $151.1 million of contract revenues and related party revenues in 2013. In addition there was an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 384.10 Td (increase in reimbursable revenues of $106.1 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.77 384.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.77 384.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.47 384.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.47 384.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.29 384.10 Td (The increased reimbursable revenues were mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 372.10 Td (related to the winterization of the ) Tj ET Q q 0 0 0 rg BT 171.32 372.10 Td (W) Tj ET Q q 0 0 0 rg BT 179.96 372.10 Td (est Hercules paid by Statoil. In addition the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.76 372.10 Td (W) Tj ET Q q 0 0 0 rg BT 363.17 372.10 Td (est Elara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.55 372.10 Td (commenced operations in March 2012 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 360.10 Td (therefore had increased operating revenues of $44.0 million in 2013 due to a full year of operations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 336.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.19 336.10 Td (otal operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 288.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 288.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 95.30 288.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 135.96 288.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 174.95 288.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.50 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.61 288.10 Td (year ) Tj ET Q q 0 0 0 rg BT 224.71 288.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.48 288.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 310.46 288.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.46 288.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.35 288.10 Td (was ) Tj ET Q q 0 0 0 rg BT 351.79 288.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.79 288.10 Td (963.7 ) Tj ET Q q 0 0 0 rg BT 382.19 288.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.08 288.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.97 288.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 456.29 288.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.96 288.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.96 288.10 Td (640.6 ) Tj ET Q q 0 0 0 rg BT 497.35 288.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.25 288.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.14 288.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.69 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 558.80 288.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 276.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.17 276.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 120.54 276.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.54 276.10 Td (. ) Tj ET Q q 0 0 0 rg BT 145.16 276.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.00 276.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 198.04 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.11 276.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.16 276.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 286.55 276.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.51 276.10 Td (related ) Tj ET Q q 0 0 0 rg BT 325.00 276.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.07 276.10 Td (same ) Tj ET Q q 0 0 0 rg BT 357.90 276.10 Td (as ) Tj ET Q q 0 0 0 rg BT 368.52 276.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.47 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.98 276.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 430.91 276.10 Td (side ) Tj ET Q q 0 0 0 rg BT 449.31 276.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 489.93 276.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 518.43 276.10 Td (W) Tj ET Q q 0 0 0 rg BT 527.07 276.10 Td (est ) Tj ET Q q 0 0 0 rg BT 540.46 276.10 Td (Hercules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 264.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 90.61 264.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 135.22 264.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.95 264.10 Td (January ) Tj ET Q q 0 0 0 rg BT 180.00 264.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 202.96 264.10 Td (led ) Tj ET Q q 0 0 0 rg BT 218.13 264.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.87 264.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 269.58 264.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 310.30 264.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 349.35 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.64 264.10 Td ($133.5 ) Tj ET Q q 0 0 0 rg BT 391.09 264.10 Td (million ) Tj ET Q q 0 0 0 rg BT 422.94 264.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.67 264.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 459.13 264.10 Td (whereof ) Tj ET Q q 0 0 0 rg BT 494.84 264.10 Td ($58.5 ) Tj ET Q q 0 0 0 rg BT 520.30 264.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 563.79 264.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 252.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 73.06 252.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 103.45 252.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 138.29 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.70 252.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 182.44 252.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.73 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.58 252.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 236.98 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.95 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.80 252.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 279.04 252.10 Td (Reimbursable ) Tj ET Q q 0 0 0 rg BT 337.22 252.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 375.95 252.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 416.34 252.10 Td (by ) Tj ET Q q 0 0 0 rg BT 428.97 252.10 Td ($101.5 ) Tj ET Q q 0 0 0 rg BT 459.11 252.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 493.13 252.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 523.54 252.10 Td (related ) Tj ET Q q 0 0 0 rg BT 553.38 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.79 252.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 240.10 Td (winterization ) Tj ET Q q 0 0 0 rg BT 91.12 240.10 Td (work ) Tj ET Q q 0 0 0 rg BT 114.04 240.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.23 240.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.87 240.10 Td (est ) Tj ET Q q 0 0 0 rg BT 148.34 240.10 Td (Hercules ) Tj ET Q q 0 0 0 rg BT 186.25 240.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.05 240.10 Td (was ) Tj ET Q q 0 0 0 rg BT 230.97 240.10 Td (rechar) Tj ET Q q 0 0 0 rg BT 255.76 240.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 272.56 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.71 240.10 Td (Statoil. ) Tj ET Q q 0 0 0 rg BT 313.16 240.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 334.42 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.00 240.10 Td (full ) Tj ET Q q 0 0 0 rg BT 365.25 240.10 Td (year ) Tj ET Q q 0 0 0 rg BT 384.82 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.52 240.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 439.54 240.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.56 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.98 240.10 Td (W) Tj ET Q q 0 0 0 rg BT 476.61 240.10 Td (est ) Tj ET Q q 0 0 0 rg BT 490.09 240.10 Td (Elara ) Tj ET Q q 0 0 0 rg BT 513.54 240.10 Td (led ) Tj ET Q q 0 0 0 rg BT 528.13 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.27 240.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 228.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 76.32 228.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 114.98 228.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.21 228.10 Td (this ) Tj ET Q q 0 0 0 rg BT 146.21 228.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 159.88 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.78 228.10 Td ($24.1 ) Tj ET Q q 0 0 0 rg BT 195.84 228.10 Td (million ) Tj ET Q q 0 0 0 rg BT 227.29 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.63 228.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 260.19 228.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 302.17 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.51 228.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 337.39 228.10 Td (T) Tj ET Q q 0 0 0 rg BT 342.80 228.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 360.36 228.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 400.68 228.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 439.34 228.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 469.68 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.57 228.10 Td (vessel ) Tj ET Q q 0 0 0 rg BT 507.57 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.57 228.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 538.24 228.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 216.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 78.42 216.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 131.66 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.92 216.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 206.78 216.10 Td (general ) Tj ET Q q 0 0 0 rg BT 240.03 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.29 216.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 319.32 216.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 359.24 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.50 216.10 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 433.52 216.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 475.67 216.10 Td (V) Tj ET Q q 0 0 0 rg BT 481.78 216.10 Td (essel ) Tj ET Q q 0 0 0 rg BT 505.04 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.30 216.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 538.23 216.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 204.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 74.40 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 88.37 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.89 204.10 Td (year ) Tj ET Q q 0 0 0 rg BT 122.40 204.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.58 204.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.97 204.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.97 204.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.28 204.10 Td (was ) Tj ET Q q 0 0 0 rg BT 247.13 204.10 Td ($527.1 ) Tj ET Q q 0 0 0 rg BT 276.94 204.10 Td (million ) Tj ET Q q 0 0 0 rg BT 308.13 204.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 349.86 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.95 204.10 Td ($345.6 ) Tj ET Q q 0 0 0 rg BT 389.75 204.10 Td (million ) Tj ET Q q 0 0 0 rg BT 420.95 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.91 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.43 204.10 Td (year ) Tj ET Q q 0 0 0 rg BT 468.94 204.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.13 204.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 553.51 204.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.51 204.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 156.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 38.50 156.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 72.67 156.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 132.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 105.89 132.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 142.00 132.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.56 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.68 132.10 Td (year ) Tj ET Q q 0 0 0 rg BT 194.80 132.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.58 132.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 282.56 132.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.56 132.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.47 132.10 Td (was ) Tj ET Q q 0 0 0 rg BT 325.92 132.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.92 132.10 Td (84.9 ) Tj ET Q q 0 0 0 rg BT 352.33 132.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.22 132.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.12 132.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 428.45 132.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.13 132.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.13 132.10 Td (83.9 ) Tj ET Q q 0 0 0 rg BT 466.54 132.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.43 132.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.33 132.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.90 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.02 132.10 Td (year ) Tj ET Q q 0 0 0 rg BT 552.13 132.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 120.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 94.58 120.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 120.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 72.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 62.39 72.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.12 72.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 48.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.27 48.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.75 48.10 Td (items ) Tj ET Q q 0 0 0 rg BT 158.91 48.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 194.73 48.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.01 48.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.72 48.10 Td (income ) Tj ET Q q 0 0 0 rg BT 251.66 48.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 292.48 48.10 Td (include ) Tj ET Q q 0 0 0 rg BT 324.41 48.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.13 48.10 Td (following ) Tj ET Q q 0 0 0 rg BT 380.52 48.10 Td (items:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (39) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 735.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 735.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 735.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 735.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 707.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 707.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 707.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 707.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 679.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 679.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 679.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 679.50 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 735.5 m 421.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 735.5 m 496.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 735.5 m 575.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 735.5 m 496.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 735.5 m 575.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 679.5 m 496.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 665.5 m 496.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 679.5 m 575.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 665.5 m 575.5 665.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 739.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.35 747.58 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.25 739.58 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.35 747.58 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.25 739.58 Td (December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 726.07 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 726.07 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 726.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 726.07 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 712.07 Td (Loss on derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 712.12 Td (\(16.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 712.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 712.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 712.07 Td (\(17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 712.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 698.07 Td (Foreign exchange gain/\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 698.07 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 698.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 698.07 Td (\(12.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 698.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 684.07 Td (Other financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 684.12 Td (\(6.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 684.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 684.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 684.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 670.18 Td (Total other financial items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.80 670.23 Td (\(11.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 670.18 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 669.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.80 670.18 Td (\(28.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.65 670.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 642.00 Td (The ) Tj ET Q q 0 0 0 rg BT 90.42 642.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 108.85 642.00 Td (on ) Tj ET Q q 0 0 0 rg BT 121.72 642.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 164.57 642.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 202.42 642.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 251.96 642.00 Td (relates ) Tj ET Q q 0 0 0 rg BT 280.92 642.00 Td (to ) Tj ET Q q 0 0 0 rg BT 291.57 642.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 308.31 642.00 Td (value ) Tj ET Q q 0 0 0 rg BT 332.84 642.00 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 383.48 642.00 Td (to ) Tj ET Q q 0 0 0 rg BT 394.13 642.00 Td (our ) Tj ET Q q 0 0 0 rg BT 410.33 642.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 442.64 642.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 460.49 642.00 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 490.30 642.00 Td (cross ) Tj ET Q q 0 0 0 rg BT 513.73 642.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 551.57 642.00 Td (swaps ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 630.00 Td (and ) Tj ET Q q 0 0 0 rg BT 53.23 630.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 87.67 630.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 128.21 630.00 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 169.60 630.00 Td (During ) Tj ET Q q 0 0 0 rg BT 200.72 630.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.73 630.00 Td (year ) Tj ET Q q 0 0 0 rg BT 235.72 630.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.39 630.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 321.27 630.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.27 630.00 Td (, ) Tj ET Q q 0 0 0 rg BT 346.56 630.00 Td (the ) Tj ET Q q 0 0 0 rg BT 361.56 630.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 408.22 630.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 426.57 630.00 Td (from ) Tj ET Q q 0 0 0 rg BT 448.80 630.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 491.57 630.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 529.34 630.00 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 618.00 Td (was ) Tj ET Q q 0 0 0 rg BT 55.18 618.00 Td ($16.1 ) Tj ET Q q 0 0 0 rg BT 81.31 618.00 Td (million ) Tj ET Q q 0 0 0 rg BT 113.83 618.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 156.89 618.00 Td (to ) Tj ET Q q 0 0 0 rg BT 168.30 618.00 Td (a ) Tj ET Q q 0 0 0 rg BT 176.37 618.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 195.56 618.00 Td (of ) Tj ET Q q 0 0 0 rg BT 207.52 618.00 Td ($17.5 ) Tj ET Q q 0 0 0 rg BT 233.65 618.00 Td (million ) Tj ET Q q 0 0 0 rg BT 266.17 618.00 Td (for ) Tj ET Q q 0 0 0 rg BT 281.46 618.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.31 618.00 Td (year ) Tj ET Q q 0 0 0 rg BT 318.15 618.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 618.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 405.37 618.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.37 618.00 Td (. ) Tj ET Q q 0 0 0 rg BT 431.24 618.00 Td (These ) Tj ET Q q 0 0 0 rg BT 458.74 618.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 486.27 618.00 Td (were ) Tj ET Q q 0 0 0 rg BT 509.32 618.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.17 618.00 Td (due ) Tj ET Q q 0 0 0 rg BT 568.24 618.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 606.00 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 86.27 606.00 Td (for ) Tj ET Q q 0 0 0 rg BT 100.43 606.00 Td (the ) Tj ET Q q 0 0 0 rg BT 115.15 606.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 131.53 606.00 Td (market ) Tj ET Q q 0 0 0 rg BT 161.79 606.00 Td (value ) Tj ET Q q 0 0 0 rg BT 185.95 606.00 Td (of ) Tj ET Q q 0 0 0 rg BT 196.78 606.00 Td (these ) Tj ET Q q 0 0 0 rg BT 219.82 606.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 262.30 606.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.78 606.00 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 582.00 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 105.63 582.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 145.91 582.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 165.66 582.00 Td (of ) Tj ET Q q 0 0 0 rg BT 176.51 582.00 Td ($10.9 ) Tj ET Q q 0 0 0 rg BT 201.54 582.00 Td (million ) Tj ET Q q 0 0 0 rg BT 232.96 582.00 Td (for ) Tj ET Q q 0 0 0 rg BT 247.14 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.88 582.00 Td (year ) Tj ET Q q 0 0 0 rg BT 281.62 582.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 308.02 582.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 366.63 582.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 389.16 582.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 431.11 582.00 Td (to ) Tj ET Q q 0 0 0 rg BT 441.41 582.00 Td (a ) Tj ET Q q 0 0 0 rg BT 448.37 582.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 466.46 582.00 Td (of ) Tj ET Q q 0 0 0 rg BT 477.32 582.00 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 502.34 582.00 Td (million ) Tj ET Q q 0 0 0 rg BT 533.76 582.00 Td (in ) Tj ET Q q 0 0 0 rg BT 544.07 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 558.81 582.00 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 570.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 62.14 570.00 Td (December ) Tj ET Q q 0 0 0 rg BT 105.49 570.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 120.26 570.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 145.02 570.00 Td ( ) Tj ET Q q 0 0 0 rg BT 147.13 570.00 Td (This ) Tj ET Q q 0 0 0 rg BT 167.17 570.00 Td (was ) Tj ET Q q 0 0 0 rg BT 184.99 570.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 224.46 570.00 Td (due ) Tj ET Q q 0 0 0 rg BT 241.17 570.00 Td (to ) Tj ET Q q 0 0 0 rg BT 251.21 570.00 Td (NOK ) Tj ET Q q 0 0 0 rg BT 275.14 570.00 Td (denominated ) Tj ET Q q 0 0 0 rg BT 329.06 570.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 348.54 570.00 Td (and ) Tj ET Q q 0 0 0 rg BT 365.25 570.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 388.06 570.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 421.42 570.00 Td (in ) Tj ET Q q 0 0 0 rg BT 431.46 570.00 Td (Norway ) Tj ET Q q 0 0 0 rg BT 465.94 570.00 Td (after ) Tj ET Q q 0 0 0 rg BT 486.52 570.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.00 570.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 547.70 570.00 Td (Kroner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 558.00 Td (weakened ) Tj ET Q q 0 0 0 rg BT 78.07 558.00 Td (against ) Tj ET Q q 0 0 0 rg BT 108.49 558.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.80 558.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 142.68 558.00 Td (dollar ) Tj ET Q q 0 0 0 rg BT 168.09 558.00 Td (during ) Tj ET Q q 0 0 0 rg BT 196.30 558.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 220.89 558.00 Td (which ) Tj ET Q q 0 0 0 rg BT 247.42 558.00 Td (is ) Tj ET Q q 0 0 0 rg BT 256.19 558.00 Td (the ) Tj ET Q q 0 0 0 rg BT 270.50 558.00 Td (opposite ) Tj ET Q q 0 0 0 rg BT 306.48 558.00 Td (ef) Tj ET Q q 0 0 0 rg BT 314.07 558.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 331.14 558.00 Td (of ) Tj ET Q q 0 0 0 rg BT 341.57 558.00 Td (the ) Tj ET Q q 0 0 0 rg BT 355.88 558.00 Td (movements ) Tj ET Q q 0 0 0 rg BT 404.08 558.00 Td (in ) Tj ET Q q 0 0 0 rg BT 413.95 558.00 Td (the ) Tj ET Q q 0 0 0 rg BT 428.26 558.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 468.11 558.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 485.19 558.00 Td (during ) Tj ET Q q 0 0 0 rg BT 513.39 558.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 537.83 558.00 Td (The ) Tj ET Q q 0 0 0 rg BT 555.47 558.00 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 546.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 73.48 546.00 Td (items ) Tj ET Q q 0 0 0 rg BT 97.65 546.00 Td (of ) Tj ET Q q 0 0 0 rg BT 108.48 546.00 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 128.48 546.00 Td (are ) Tj ET Q q 0 0 0 rg BT 143.18 546.00 Td (related ) Tj ET Q q 0 0 0 rg BT 172.88 546.00 Td (to ) Tj ET Q q 0 0 0 rg BT 183.16 546.00 Td (various ) Tj ET Q q 0 0 0 rg BT 215.10 546.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 252.58 546.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 271.18 546.00 Td (incurred. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 522.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 69.61 522.00 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 498.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 104.78 498.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.79 498.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 154.79 498.00 Td (was ) Tj ET Q q 0 0 0 rg BT 173.13 498.00 Td ($28.9 ) Tj ET Q q 0 0 0 rg BT 198.42 498.00 Td (million ) Tj ET Q q 0 0 0 rg BT 230.10 498.00 Td (for ) Tj ET Q q 0 0 0 rg BT 244.56 498.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.57 498.00 Td (year ) Tj ET Q q 0 0 0 rg BT 279.56 498.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.23 498.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 365.11 498.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.11 498.00 Td ( ) Tj ET Q q 0 0 0 rg BT 387.90 498.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 430.12 498.00 Td (to ) Tj ET Q q 0 0 0 rg BT 440.69 498.00 Td ($109.6 ) Tj ET Q q 0 0 0 rg BT 470.98 498.00 Td (million ) Tj ET Q q 0 0 0 rg BT 502.66 498.00 Td (for ) Tj ET Q q 0 0 0 rg BT 517.12 498.00 Td (the ) Tj ET Q q 0 0 0 rg BT 532.12 498.00 Td (year ) Tj ET Q q 0 0 0 rg BT 552.12 498.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 486.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 94.62 486.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.62 486.00 Td (. ) Tj ET Q q 0 0 0 rg BT 119.66 486.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 137.74 486.00 Td (ef) Tj ET Q q 0 0 0 rg BT 145.33 486.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 175.07 486.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.82 486.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 207.34 486.00 Td (was ) Tj ET Q q 0 0 0 rg BT 225.43 486.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 285.72 486.00 Td (10.9% ) Tj ET Q q 0 0 0 rg BT 314.09 486.00 Td (for ) Tj ET Q q 0 0 0 rg BT 328.29 486.00 Td (the ) Tj ET Q q 0 0 0 rg BT 343.04 486.00 Td (year ) Tj ET Q q 0 0 0 rg BT 362.78 486.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.19 486.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 447.81 486.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.81 486.00 Td (, ) Tj ET Q q 0 0 0 rg BT 472.85 486.00 Td (as ) Tj ET Q q 0 0 0 rg BT 483.71 486.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 525.67 486.00 Td (to ) Tj ET Q q 0 0 0 rg BT 535.99 486.00 Td (37.6% ) Tj ET Q q 0 0 0 rg BT 564.35 486.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 474.00 Td (the ) Tj ET Q q 0 0 0 rg BT 50.72 474.00 Td (year ) Tj ET Q q 0 0 0 rg BT 70.42 474.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.80 474.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.38 474.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.38 474.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 450.00 Td (The ) Tj ET Q q 0 0 0 rg BT 90.32 450.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 124.74 450.00 Td (ef) Tj ET Q q 0 0 0 rg BT 132.33 450.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 162.30 450.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.29 450.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 195.05 450.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.49 450.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.49 450.00 Td ( ) Tj ET Q q 0 0 0 rg BT 232.26 450.00 Td (was ) Tj ET Q q 0 0 0 rg BT 250.58 450.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 290.57 450.00 Td (related ) Tj ET Q q 0 0 0 rg BT 320.54 450.00 Td (to ) Tj ET Q q 0 0 0 rg BT 331.10 450.00 Td (the ) Tj ET Q q 0 0 0 rg BT 346.09 450.00 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 386.06 450.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.05 450.00 Td (position ) Tj ET Q q 0 0 0 rg BT 436.05 450.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 482.69 450.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.24 450.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.24 450.00 Td ( ) Tj ET Q q 0 0 0 rg BT 516.01 450.00 Td (as ) Tj ET Q q 0 0 0 rg BT 527.12 450.00 Td (discussed ) Tj ET Q q 0 0 0 rg BT 568.22 450.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 438.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 57.94 438.00 Td (6 ) Tj ET Q q 0 0 0 rg BT 65.44 438.00 Td (to ) Tj ET Q q 0 0 0 rg BT 75.72 438.00 Td (our ) Tj ET Q q 0 0 0 rg BT 91.55 438.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.59 438.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.07 438.00 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 414.00 Td (Significant ) Tj ET Q q 0 0 0 rg BT 118.31 414.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 154.63 414.00 Td (of ) Tj ET Q q 0 0 0 rg BT 165.39 414.00 Td (income ) Tj ET Q q 0 0 0 rg BT 197.26 414.00 Td (and ) Tj ET Q q 0 0 0 rg BT 214.13 414.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 236.56 414.00 Td (are ) Tj ET Q q 0 0 0 rg BT 251.20 414.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 286.95 414.00 Td (in ) Tj ET Q q 0 0 0 rg BT 297.16 414.00 Td (nontaxable ) Tj ET Q q 0 0 0 rg BT 343.46 414.00 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 397.83 414.00 Td (such ) Tj ET Q q 0 0 0 rg BT 418.60 414.00 Td (as ) Tj ET Q q 0 0 0 rg BT 429.36 414.00 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 470.95 414.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 488.93 414.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 520.80 414.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 534.34 414.00 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 402.00 Td (are ) Tj ET Q q 0 0 0 rg BT 50.92 402.00 Td (normally ) Tj ET Q q 0 0 0 rg BT 89.73 402.00 Td (carried ) Tj ET Q q 0 0 0 rg BT 120.19 402.00 Td (out ) Tj ET Q q 0 0 0 rg BT 135.68 402.00 Td (in ) Tj ET Q q 0 0 0 rg BT 146.17 402.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 177.75 402.00 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 232.40 402.00 Td (In ) Tj ET Q q 0 0 0 rg BT 243.44 402.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.36 402.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 273.29 402.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 325.44 402.00 Td (where ) Tj ET Q q 0 0 0 rg BT 352.58 402.00 Td (we ) Tj ET Q q 0 0 0 rg BT 366.95 402.00 Td (operate, ) Tj ET Q q 0 0 0 rg BT 401.58 402.00 Td (the ) Tj ET Q q 0 0 0 rg BT 416.51 402.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 456.97 402.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 471.90 402.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 489.59 402.00 Td (has ) Tj ET Q q 0 0 0 rg BT 505.63 402.00 Td (ranged ) Tj ET Q q 0 0 0 rg BT 535.55 402.00 Td (from ) Tj ET Q q 0 0 0 rg BT 557.69 402.00 Td (23% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 390.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.59 390.00 Td (28% ) Tj ET Q q 0 0 0 rg BT 65.74 390.00 Td (for ) Tj ET Q q 0 0 0 rg BT 79.22 390.00 Td (earned ) Tj ET Q q 0 0 0 rg BT 107.68 390.00 Td (income. ) Tj ET Q q 0 0 0 rg BT 141.43 390.00 Td (Currently) Tj ET Q q 0 0 0 rg BT 179.11 390.00 Td (, ) Tj ET Q q 0 0 0 rg BT 183.42 390.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.46 390.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 237.03 390.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 251.06 390.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 267.86 390.00 Td (for ) Tj ET Q q 0 0 0 rg BT 281.34 390.00 Td (earned ) Tj ET Q q 0 0 0 rg BT 309.80 390.00 Td (income ) Tj ET Q q 0 0 0 rg BT 341.05 390.00 Td (is ) Tj ET Q q 0 0 0 rg BT 349.54 390.00 Td (27% ) Tj ET Q q 0 0 0 rg BT 369.68 390.00 Td (in ) Tj ET Q q 0 0 0 rg BT 379.28 390.00 Td (Norway ) Tj ET Q q 0 0 0 rg BT 413.30 390.00 Td (and ) Tj ET Q q 0 0 0 rg BT 429.56 390.00 Td (23% ) Tj ET Q q 0 0 0 rg BT 449.71 390.00 Td (in ) Tj ET Q q 0 0 0 rg BT 459.30 390.00 Td (the ) Tj ET Q q 0 0 0 rg BT 473.33 390.00 Td (United ) Tj ET Q q 0 0 0 rg BT 502.37 390.00 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 544.46 390.00 Td (Further) Tj ET Q q 0 0 0 rg BT 573.50 390.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 378.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 61.91 378.00 Td (in ) Tj ET Q q 0 0 0 rg BT 71.71 378.00 Td (one ) Tj ET Q q 0 0 0 rg BT 88.16 378.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.40 378.00 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 149.97 378.00 Td (may ) Tj ET Q q 0 0 0 rg BT 169.20 378.00 Td (not ) Tj ET Q q 0 0 0 rg BT 184.00 378.00 Td (be ) Tj ET Q q 0 0 0 rg BT 195.46 378.00 Td (of) Tj ET Q q 0 0 0 rg BT 203.60 378.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 220.06 378.00 Td (against ) Tj ET Q q 0 0 0 rg BT 250.40 378.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 281.29 378.00 Td (income ) Tj ET Q q 0 0 0 rg BT 312.75 378.00 Td (in ) Tj ET Q q 0 0 0 rg BT 322.54 378.00 Td (other ) Tj ET Q q 0 0 0 rg BT 345.11 378.00 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 398.62 378.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 447.96 378.00 Td (, ) Tj ET Q q 0 0 0 rg BT 452.48 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 466.71 378.00 Td (ef) Tj ET Q q 0 0 0 rg BT 474.30 378.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 503.52 378.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 517.75 378.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 534.76 378.00 Td (may ) Tj ET Q q 0 0 0 rg BT 553.99 378.00 Td (dif) Tj ET Q q 0 0 0 rg BT 564.92 378.00 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 366.00 Td (from ) Tj ET Q q 0 0 0 rg BT 57.67 366.00 Td (period ) Tj ET Q q 0 0 0 rg BT 85.44 366.00 Td (to ) Tj ET Q q 0 0 0 rg BT 95.45 366.00 Td (period ) Tj ET Q q 0 0 0 rg BT 123.23 366.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 167.11 366.00 Td (on ) Tj ET Q q 0 0 0 rg BT 179.34 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.79 366.00 Td (level ) Tj ET Q q 0 0 0 rg BT 215.45 366.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.01 366.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 258.23 366.00 Td (in ) Tj ET Q q 0 0 0 rg BT 268.23 366.00 Td (and ) Tj ET Q q 0 0 0 rg BT 284.90 366.00 Td (mix ) Tj ET Q q 0 0 0 rg BT 302.69 366.00 Td (of ) Tj ET Q q 0 0 0 rg BT 313.25 366.00 Td (each ) Tj ET Q q 0 0 0 rg BT 333.79 366.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.35 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 358.80 366.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.24 366.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 424.91 366.00 Td (in ) Tj ET Q q 0 0 0 rg BT 434.92 366.00 Td (which ) Tj ET Q q 0 0 0 rg BT 461.59 366.00 Td (we ) Tj ET Q q 0 0 0 rg BT 475.48 366.00 Td (conducted ) Tj ET Q q 0 0 0 rg BT 518.80 366.00 Td (our ) Tj ET Q q 0 0 0 rg BT 534.36 366.00 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 354.00 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 354.00 Td (the ) Tj ET Q q 0 0 0 rg BT 67.66 354.00 Td (level ) Tj ET Q q 0 0 0 rg BT 89.59 354.00 Td (of ) Tj ET Q q 0 0 0 rg BT 100.42 354.00 Td (income ) Tj ET Q q 0 0 0 rg BT 132.35 354.00 Td (and ) Tj ET Q q 0 0 0 rg BT 149.29 354.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 187.89 354.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 223.71 354.00 Td (in ) Tj ET Q q 0 0 0 rg BT 233.98 354.00 Td (nontaxable ) Tj ET Q q 0 0 0 rg BT 280.36 354.00 Td (jurisdictions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 306.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 63.12 306.00 Td (Y) Tj ET Q q 0 0 0 rg BT 69.24 306.00 Td (ear) Tj ET Q q 0 0 0 rg BT 82.93 306.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.43 306.00 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.73 306.00 Td (December) Tj ET Q q 0 0 0 rg BT 158.85 306.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 176.35 306.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.35 306.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.85 306.00 Td (compar) Tj ET Q q 0 0 0 rg BT 231.44 306.00 Td (ed ) Tj ET Q q 0 0 0 rg BT 243.94 306.00 Td (to ) Tj ET Q q 0 0 0 rg BT 254.77 306.00 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 281.89 306.00 Td (Y) Tj ET Q q 0 0 0 rg BT 288.01 306.00 Td (ear) Tj ET Q q 0 0 0 rg BT 301.70 306.00 Td ( ) Tj ET Q q 0 0 0 rg BT 304.20 306.00 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 306.00 Td (December) Tj ET Q q 0 0 0 rg BT 377.62 306.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.12 306.00 Td (201) Tj ET Q q 0 0 0 rg BT 409.57 306.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 282.00 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 282.00 Td (following ) Tj ET Q q 0 0 0 rg BT 131.43 282.00 Td (table ) Tj ET Q q 0 0 0 rg BT 153.37 282.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 170.87 282.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 192.81 282.00 Td (our ) Tj ET Q q 0 0 0 rg BT 208.64 282.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.90 282.00 Td (results ) Tj ET Q q 0 0 0 rg BT 277.51 282.00 Td (for ) Tj ET Q q 0 0 0 rg BT 291.67 282.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.38 282.00 Td (year ) Tj ET Q q 0 0 0 rg BT 326.09 282.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.47 282.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 411.05 282.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.05 282.00 Td ( ) Tj ET Q q 0 0 0 rg BT 433.55 282.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.49 282.00 Td (201) Tj ET Q q 0 0 0 rg BT 465.12 282.00 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.12 282.00 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 231.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 231.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 231.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 231.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 198.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 198.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 198.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 198.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 170.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 170.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 170.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 170.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 137.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 137.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 137.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 137.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 109.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 109.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 109.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 109.50 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 231.5 m 421.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 231.5 m 496.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 231.5 m 575.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 231.5 m 496.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 231.5 m 575.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 203.5 m 496.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 203.5 m 575.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 151.5 m 496.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 151.5 m 575.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 123.5 m 496.5 123.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 123.5 m 575.5 123.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 235.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.35 243.73 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.25 235.73 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.35 243.73 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.45 235.73 Td (December 31, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 222.07 Td (Total operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 221.17 Td (1,044.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 222.07 Td (938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 208.07 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 207.17 Td (640.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 207.17 Td (536.0) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 424.00 200.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 503.00 200.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 189.07 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 188.17 Td (404.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 189.07 Td (402.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 175.07 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 175.12 Td (\(83.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 175.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 175.07 Td (\(77.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 175.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 161.07 Td (Other financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 161.12 Td (\(28.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 161.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 161.07 Td (\(38.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 161.07 Td (\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 424.00 153.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 503.00 153.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 142.07 Td (Income before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 142.07 Td (291.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 142.07 Td (286.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 128.07 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 128.12 Td (\(109.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 128.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 128.07 Td (\(39.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 128.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 114.07 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 114.07 Td (181.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 114.07 Td (246.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 100.07 Td (Net income from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 100.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 100.07 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 86.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 86.07 Td (181.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 86.07 Td (249.9) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 58.00 Td (T) Tj ET Q q 0 0 0 rg BT 41.19 58.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 59.25 58.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 101.20 58.00 Td (revenues) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 749.10 Td (The following table sets forth our total operating revenues for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.17 749.10 Td (December31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.75 749.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.19 749.10 Td (201) Tj ET Q q 0 0 0 rg BT 493.82 749.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.82 749.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 698.60 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 698.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 698.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 698.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 698.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 698.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 698.6 m 340.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 698.6 m 415.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 698.6 m 495.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 698.6 m 575.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 698.6 m 415.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 684.6 m 415.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 698.6 m 495.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 684.6 m 495.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 684.6 m 575.5 684.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 702.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.35 710.83 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.25 702.83 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.35 710.83 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.45 702.83 Td (December 31, 2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 702.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.10 702.83 Td (Increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 689.17 Td (Total operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 688.27 Td (1,044.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 689.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 689.17 Td (938.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 689.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 689.17 Td (11.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 689.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 673.10 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 673.10 Td (otal operating revenues for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 673.10 Td (December31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 673.10 Td ( was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.30 673.10 Td (1,044.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.69 673.10 Td ( compared to $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.40 673.10 Td (938.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.29 673.10 Td ( for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 661.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.38 661.10 Td (December31, 201) Tj ET Q q 0 0 0 rg BT 135.59 661.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.59 661.10 Td (. ) Tj ET Q q 0 0 0 rg BT 145.41 661.10 Td (T) Tj ET Q q 0 0 0 rg BT 150.82 661.10 Td (otal operating revenues are predominantly contract revenues with additional, relatively small amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 649.10 Td (reimbursable and other revenue. ) Tj ET Q q 0 0 0 rg BT 167.15 649.10 Td (The increase in total operating revenues was primarily due to the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.00 649.10 Td (W) Tj ET Q q 0 0 0 rg BT 436.42 649.10 Td (est Elara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 649.10 Td (commencing operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 637.10 Td (in March 2012.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 613.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.19 613.10 Td (otal operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 589.10 Td (The following table sets forth our total operating expenses for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.73 589.10 Td (December31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.32 589.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.75 589.10 Td (201) Tj ET Q q 0 0 0 rg BT 494.38 589.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.38 589.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 538.60 307.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 538.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 538.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 538.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 538.6 m 342.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 538.6 m 417.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 524.6 m 417.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 538.6 m 496.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 524.6 m 496.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 538.6 m 575.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 524.6 m 575.5 524.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 542.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.35 550.83 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.25 542.83 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.35 550.83 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.45 542.83 Td (December 31, 2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 542.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.10 542.83 Td (Increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 529.17 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 528.27 Td (640.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 529.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 528.27 Td (536.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 529.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 529.17 Td (19.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 529.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 489.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 489.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 95.15 489.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 135.65 489.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 174.49 489.10 Td (for ) Tj ET Q q 0 0 0 rg BT 188.89 489.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.85 489.10 Td (year ) Tj ET Q q 0 0 0 rg BT 223.80 489.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.41 489.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 309.24 489.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.24 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.98 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.72 489.10 Td (was ) Tj ET Q q 0 0 0 rg BT 353.01 489.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.01 489.10 Td (640.6 ) Tj ET Q q 0 0 0 rg BT 383.25 489.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.14 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.89 489.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 457.05 489.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.57 489.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.57 489.10 Td (536.0 ) Tj ET Q q 0 0 0 rg BT 497.81 489.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.70 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.44 489.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.84 489.10 Td (the ) Tj ET Q q 0 0 0 rg BT 558.80 489.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 477.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.33 477.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 120.87 477.10 Td (201) Tj ET Q q 0 0 0 rg BT 135.50 477.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.50 477.10 Td (. ) Tj ET Q q 0 0 0 rg BT 145.27 477.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.27 477.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 198.48 477.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.71 477.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.92 477.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 287.48 477.10 Td (was ) Tj ET Q q 0 0 0 rg BT 305.48 477.10 Td (due ) Tj ET Q q 0 0 0 rg BT 322.37 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.60 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.27 477.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 382.49 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.27 477.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.99 477.10 Td (W) Tj ET Q q 0 0 0 rg BT 415.40 477.10 Td (est ) Tj ET Q q 0 0 0 rg BT 428.96 477.10 Td (Elara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.74 477.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.69 477.10 Td (which ) Tj ET Q q 0 0 0 rg BT 483.58 477.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 534.35 477.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 465.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.29 465.10 Td (March ) Tj ET Q q 0 0 0 rg BT 74.90 465.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 97.41 465.10 Td (that ) Tj ET Q q 0 0 0 rg BT 114.91 465.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 157.95 465.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.12 465.10 Td (an ) Tj ET Q q 0 0 0 rg BT 184.07 465.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 219.33 465.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.62 465.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.90 465.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 308.50 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.34 465.10 Td ($78.0 ) Tj ET Q q 0 0 0 rg BT 344.35 465.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 378.07 465.10 Td (T) Tj ET Q q 0 0 0 rg BT 383.48 465.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 400.99 465.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.26 465.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 479.87 465.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 510.16 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.00 465.10 Td (vessel ) Tj ET Q q 0 0 0 rg BT 547.95 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 564.90 465.10 Td (rig ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 453.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 76.26 453.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 117.36 453.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 169.28 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.22 453.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 241.76 453.10 Td (general ) Tj ET Q q 0 0 0 rg BT 273.68 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.62 453.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 350.33 453.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 388.92 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.86 453.10 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 460.57 453.10 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 429.10 Td (V) Tj ET Q q 0 0 0 rg BT 78.11 429.10 Td (essel ) Tj ET Q q 0 0 0 rg BT 100.37 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.63 429.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 131.57 429.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.15 429.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 211.07 429.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.55 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.59 429.10 Td (year ) Tj ET Q q 0 0 0 rg BT 260.62 429.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.32 429.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 346.23 429.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.23 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.05 429.10 Td (was ) Tj ET Q q 0 0 0 rg BT 387.42 429.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.42 429.10 Td (345.6 ) Tj ET Q q 0 0 0 rg BT 417.75 429.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.64 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.46 429.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 491.71 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.31 429.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.31 429.10 Td (329.9 ) Tj ET Q q 0 0 0 rg BT 532.63 429.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.52 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 564.34 429.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.54 417.10 Td (year ) Tj ET Q q 0 0 0 rg BT 70.07 417.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.27 417.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 154.67 417.10 Td (201) Tj ET Q q 0 0 0 rg BT 169.30 417.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.30 417.10 Td (. ) Tj ET Q q 0 0 0 rg BT 179.12 417.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 233.08 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.85 417.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 302.70 417.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.69 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.22 417.10 Td (year ) Tj ET Q q 0 0 0 rg BT 350.75 417.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.95 417.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 435.36 417.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.36 417.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.68 417.10 Td (was ) Tj ET Q q 0 0 0 rg BT 475.55 417.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.55 417.10 Td (162.8 ) Tj ET Q q 0 0 0 rg BT 505.38 417.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.27 417.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.59 417.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 405.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.68 405.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.68 405.10 Td (140.7 ) Tj ET Q q 0 0 0 rg BT 77.08 405.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.97 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.88 405.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.44 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.56 405.10 Td (year ) Tj ET Q q 0 0 0 rg BT 158.67 405.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.44 405.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 244.43 405.10 Td (201) Tj ET Q q 0 0 0 rg BT 259.06 405.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.06 405.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.46 405.10 Td (General ) Tj ET Q q 0 0 0 rg BT 304.01 405.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.35 405.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 381.46 405.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 420.46 405.10 Td (for ) Tj ET Q q 0 0 0 rg BT 435.02 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.14 405.10 Td (year ) Tj ET Q q 0 0 0 rg BT 470.25 405.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.03 405.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 556.01 405.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 576.01 405.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 393.10 Td (was ) Tj ET Q q 0 0 0 rg BT 55.95 393.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.95 393.10 Td (50.0 ) Tj ET Q q 0 0 0 rg BT 82.84 393.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.73 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.12 393.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 159.94 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.11 393.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.11 393.10 Td (35.4 ) Tj ET Q q 0 0 0 rg BT 199.01 393.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.90 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.29 393.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.35 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.96 393.10 Td (year ) Tj ET Q q 0 0 0 rg BT 286.56 393.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.83 393.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 375.30 393.10 Td (201) Tj ET Q q 0 0 0 rg BT 389.93 393.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.93 393.10 Td (.Reimbursable ) Tj ET Q q 0 0 0 rg BT 457.37 393.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 497.86 393.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.92 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.53 393.10 Td (year ) Tj ET Q q 0 0 0 rg BT 552.13 393.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 381.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 95.08 381.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.08 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.08 381.10 Td (was ) Tj ET Q q 0 0 0 rg BT 136.62 381.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.62 381.10 Td (82.2 ) Tj ET Q q 0 0 0 rg BT 162.12 381.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.01 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.01 381.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 236.42 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.20 381.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.20 381.10 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 272.69 381.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.59 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.58 381.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.24 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.45 381.10 Td (year ) Tj ET Q q 0 0 0 rg BT 354.65 381.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.52 381.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 440.60 381.10 Td (201) Tj ET Q q 0 0 0 rg BT 455.23 381.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.23 381.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.51 381.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.06 381.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 519.80 381.10 Td (was ) Tj ET Q q 0 0 0 rg BT 538.35 381.10 Td (due ) Tj ET Q q 0 0 0 rg BT 555.79 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 566.56 381.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 369.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 76.25 369.10 Td (level ) Tj ET Q q 0 0 0 rg BT 98.19 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.02 369.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 147.06 369.10 Td (order ) Tj ET Q q 0 0 0 rg BT 170.66 369.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 205.93 369.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 244.52 369.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.02 369.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 284.51 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.34 369.10 Td (our ) Tj ET Q q 0 0 0 rg BT 311.17 369.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 354.21 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.49 369.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 411.95 369.10 Td (with ) Tj ET Q q 0 0 0 rg BT 432.23 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.95 369.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 471.66 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.49 369.10 Td (our ) Tj ET Q q 0 0 0 rg BT 498.32 369.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 530.27 369.10 Td (contracts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 345.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 70.17 345.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 321.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 105.68 321.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 141.59 321.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.95 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.86 321.10 Td (year ) Tj ET Q q 0 0 0 rg BT 193.77 321.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.35 321.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 281.13 321.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.13 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.83 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.53 321.10 Td (was ) Tj ET Q q 0 0 0 rg BT 327.78 321.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.78 321.10 Td (83.9 ) Tj ET Q q 0 0 0 rg BT 353.98 321.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.87 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.57 321.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 429.69 321.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.17 321.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.17 321.10 Td (77.6 ) Tj ET Q q 0 0 0 rg BT 467.36 321.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.26 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.95 321.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.31 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.23 321.10 Td (year ) Tj ET Q q 0 0 0 rg BT 552.13 321.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 309.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 94.58 309.10 Td (201) Tj ET Q q 0 0 0 rg BT 109.21 309.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.21 309.10 Td (. ) Tj ET Q q 0 0 0 rg BT 119.03 309.10 Td (The ) Tj ET Q q 0 0 0 rg BT 137.08 309.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 172.33 309.10 Td (was ) Tj ET Q q 0 0 0 rg BT 190.38 309.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 230.10 309.10 Td (due ) Tj ET Q q 0 0 0 rg BT 247.04 309.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.31 309.10 Td (an ) Tj ET Q q 0 0 0 rg BT 269.25 309.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 299.52 309.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 334.77 309.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.05 309.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 376.98 309.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 409.47 309.10 Td (debt.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 285.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 62.39 285.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.12 285.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 261.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.27 261.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.75 261.10 Td (items ) Tj ET Q q 0 0 0 rg BT 158.91 261.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 194.73 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.01 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.72 261.10 Td (income ) Tj ET Q q 0 0 0 rg BT 251.66 261.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 292.48 261.10 Td (include ) Tj ET Q q 0 0 0 rg BT 324.41 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.13 261.10 Td (following ) Tj ET Q q 0 0 0 rg BT 380.52 261.10 Td (items:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 218.60 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 218.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 218.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 218.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 190.60 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 190.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 190.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 162.60 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 162.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 162.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 162.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 218.60000000000002 m 421.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 218.60000000000002 m 496.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 218.60000000000002 m 575.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 218.60000000000002 m 496.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 218.60000000000002 m 575.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 162.60000000000002 m 496.5 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 162.60000000000002 m 575.5 162.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 222.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.35 230.68 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.25 222.68 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.35 230.68 Td (Year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.45 222.68 Td (December 31, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 209.17 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 209.17 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 209.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 209.17 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 195.17 Td (Loss on derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 195.22 Td (\(17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 195.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 195.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 195.17 Td (\(47.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 195.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 181.17 Td (Foreign exchange \(loss\)/gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 181.22 Td (\(12.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 181.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 181.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 181.17 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 167.17 Td (Other financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 167.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 167.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 167.17 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 167.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 153.28 Td (Total other financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 153.22 Td (\(28.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 153.17 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 152.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 153.17 Td (\(38.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 153.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 36.00 139.50 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 127.50 Td (During ) Tj ET Q q 0 0 0 rg BT 103.95 127.50 Td (the ) Tj ET Q q 0 0 0 rg BT 119.78 127.50 Td (period ) Tj ET Q q 0 0 0 rg BT 148.94 127.50 Td (from ) Tj ET Q q 0 0 0 rg BT 172.00 127.50 Td (May ) Tj ET Q q 0 0 0 rg BT 193.94 127.50 Td (201) Tj ET Q q 0 0 0 rg BT 208.57 127.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 217.19 127.50 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.91 127.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 311.61 127.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.61 127.50 Td (, ) Tj ET Q q 0 0 0 rg BT 337.73 127.50 Td (we ) Tj ET Q q 0 0 0 rg BT 353.00 127.50 Td (entered ) Tj ET Q q 0 0 0 rg BT 386.04 127.50 Td (into ) Tj ET Q q 0 0 0 rg BT 405.21 127.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 438.26 127.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 456.86 127.50 Td (swaps ) Tj ET Q q 0 0 0 rg BT 484.92 127.50 Td (and ) Tj ET Q q 0 0 0 rg BT 502.98 127.50 Td (forward ) Tj ET Q q 0 0 0 rg BT 538.24 127.50 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 115.50 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 77.48 115.50 Td (none ) Tj ET Q q 0 0 0 rg BT 99.81 115.50 Td (of ) Tj ET Q q 0 0 0 rg BT 111.03 115.50 Td (which ) Tj ET Q q 0 0 0 rg BT 138.36 115.50 Td (are ) Tj ET Q q 0 0 0 rg BT 153.46 115.50 Td (accounted ) Tj ET Q q 0 0 0 rg BT 196.88 115.50 Td (for ) Tj ET Q q 0 0 0 rg BT 211.43 115.50 Td (as ) Tj ET Q q 0 0 0 rg BT 222.66 115.50 Td (hedges. ) Tj ET Q q 0 0 0 rg BT 255.81 115.50 Td (During ) Tj ET Q q 0 0 0 rg BT 287.04 115.50 Td (the ) Tj ET Q q 0 0 0 rg BT 302.14 115.50 Td (year ) Tj ET Q q 0 0 0 rg BT 322.24 115.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.01 115.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 407.98 115.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.98 115.50 Td (, ) Tj ET Q q 0 0 0 rg BT 433.37 115.50 Td (the ) Tj ET Q q 0 0 0 rg BT 448.48 115.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 495.23 115.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 513.69 115.50 Td (from ) Tj ET Q q 0 0 0 rg BT 536.01 115.50 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 103.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 73.70 103.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 123.08 103.50 Td (was ) Tj ET Q q 0 0 0 rg BT 141.35 103.50 Td ($17.5 ) Tj ET Q q 0 0 0 rg BT 166.56 103.50 Td (million ) Tj ET Q q 0 0 0 rg BT 198.17 103.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 240.31 103.50 Td (to ) Tj ET Q q 0 0 0 rg BT 250.81 103.50 Td (a ) Tj ET Q q 0 0 0 rg BT 257.96 103.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 276.24 103.50 Td (of ) Tj ET Q q 0 0 0 rg BT 287.28 103.50 Td ($47.7 ) Tj ET Q q 0 0 0 rg BT 312.50 103.50 Td (million ) Tj ET Q q 0 0 0 rg BT 344.11 103.50 Td (for ) Tj ET Q q 0 0 0 rg BT 358.48 103.50 Td (the ) Tj ET Q q 0 0 0 rg BT 373.42 103.50 Td (year ) Tj ET Q q 0 0 0 rg BT 393.34 103.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.93 103.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 478.73 103.50 Td (201) Tj ET Q q 0 0 0 rg BT 493.36 103.50 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.36 103.50 Td (. ) Tj ET Q q 0 0 0 rg BT 503.38 103.50 Td (These ) Tj ET Q q 0 0 0 rg BT 529.98 103.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 556.58 103.50 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 91.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 75.33 91.50 Td (due ) Tj ET Q q 0 0 0 rg BT 91.88 91.50 Td (to ) Tj ET Q q 0 0 0 rg BT 101.77 91.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 151.66 91.50 Td (for ) Tj ET Q q 0 0 0 rg BT 165.43 91.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.76 91.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 195.75 91.50 Td (market ) Tj ET Q q 0 0 0 rg BT 225.63 91.50 Td (value ) Tj ET Q q 0 0 0 rg BT 249.39 91.50 Td (of ) Tj ET Q q 0 0 0 rg BT 259.84 91.50 Td (these ) Tj ET Q q 0 0 0 rg BT 282.50 91.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 324.59 91.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.69 91.50 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 412.96 91.50 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 446.19 91.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 486.05 91.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 512.06 91.50 Td (of ) Tj ET Q q 0 0 0 rg BT 522.50 91.50 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 547.11 91.50 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 79.50 Td (for ) Tj ET Q q 0 0 0 rg BT 50.07 79.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.70 79.50 Td (year ) Tj ET Q q 0 0 0 rg BT 84.31 79.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.60 79.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 169.09 79.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.09 79.50 Td ( ) Tj ET Q q 0 0 0 rg BT 191.50 79.50 Td (were ) Tj ET Q q 0 0 0 rg BT 213.34 79.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 252.96 79.50 Td (due ) Tj ET Q q 0 0 0 rg BT 269.81 79.50 Td (to ) Tj ET Q q 0 0 0 rg BT 280.00 79.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 302.96 79.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 336.46 79.50 Td (in ) Tj ET Q q 0 0 0 rg BT 346.65 79.50 Td (Norway ) Tj ET Q q 0 0 0 rg BT 381.27 79.50 Td (after ) Tj ET Q q 0 0 0 rg BT 401.99 79.50 Td (the ) Tj ET Q q 0 0 0 rg BT 416.62 79.50 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 463.46 79.50 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 494.19 79.50 Td (strengthened ) Tj ET Q q 0 0 0 rg BT 547.69 79.50 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 67.50 Td (the ) Tj ET Q q 0 0 0 rg BT 50.72 67.50 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 71.00 67.50 Td (dollar) Tj ET Q q 0 0 0 rg BT 93.77 67.50 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 43.50 Td (Income ) Tj ET Q q 0 0 0 rg BT 69.61 43.50 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 104.78 749.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.79 749.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 154.79 749.10 Td (was ) Tj ET Q q 0 0 0 rg BT 173.13 749.10 Td ($109.6 ) Tj ET Q q 0 0 0 rg BT 203.42 749.10 Td (million ) Tj ET Q q 0 0 0 rg BT 235.10 749.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.56 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.57 749.10 Td (year ) Tj ET Q q 0 0 0 rg BT 284.56 749.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.23 749.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 370.11 749.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.11 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.90 749.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 435.12 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.69 749.10 Td ($39.5 ) Tj ET Q q 0 0 0 rg BT 470.98 749.10 Td (million ) Tj ET Q q 0 0 0 rg BT 502.66 749.10 Td (for ) Tj ET Q q 0 0 0 rg BT 517.12 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.12 749.10 Td (year ) Tj ET Q q 0 0 0 rg BT 552.12 749.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 94.64 737.10 Td (201) Tj ET Q q 0 0 0 rg BT 109.27 737.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.27 737.10 Td (. ) Tj ET Q q 0 0 0 rg BT 119.32 737.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 137.43 737.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.02 737.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 174.78 737.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.55 737.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 207.09 737.10 Td (was ) Tj ET Q q 0 0 0 rg BT 225.19 737.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 285.51 737.10 Td (37.6% ) Tj ET Q q 0 0 0 rg BT 313.89 737.10 Td (for ) Tj ET Q q 0 0 0 rg BT 328.11 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.88 737.10 Td (year ) Tj ET Q q 0 0 0 rg BT 362.64 737.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.08 737.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 447.71 737.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.71 737.10 Td (, ) Tj ET Q q 0 0 0 rg BT 472.77 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.66 737.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 525.63 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.97 737.10 Td (13.8% ) Tj ET Q q 0 0 0 rg BT 564.35 737.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.72 725.10 Td (year ) Tj ET Q q 0 0 0 rg BT 70.42 725.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.80 725.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.38 725.10 Td (201) Tj ET Q q 0 0 0 rg BT 170.01 725.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.01 725.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.02 701.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 130.24 701.10 Td (ef) Tj ET Q q 0 0 0 rg BT 137.83 701.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 167.50 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 182.18 701.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 199.63 701.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.76 701.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.76 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.23 701.10 Td (was ) Tj ET Q q 0 0 0 rg BT 254.25 701.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 293.93 701.10 Td (related ) Tj ET Q q 0 0 0 rg BT 323.60 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.85 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.53 701.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 388.20 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 402.89 701.10 Td (position ) Tj ET Q q 0 0 0 rg BT 437.58 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 483.91 701.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.16 701.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.16 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.63 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.43 701.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 568.23 701.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 57.94 689.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 65.44 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.72 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 91.55 689.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.59 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.07 689.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 118.31 665.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 154.63 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.39 665.10 Td (income ) Tj ET Q q 0 0 0 rg BT 197.26 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.13 665.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 236.56 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.20 665.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 286.95 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.16 665.10 Td (nontaxable ) Tj ET Q q 0 0 0 rg BT 343.46 665.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 397.83 665.10 Td (such ) Tj ET Q q 0 0 0 rg BT 418.60 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.36 665.10 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 470.95 665.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 488.93 665.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 520.80 665.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 534.34 665.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 50.56 653.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 89.01 653.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 119.12 653.10 Td (out ) Tj ET Q q 0 0 0 rg BT 134.25 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.38 653.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 175.60 653.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 229.89 653.10 Td (In ) Tj ET Q q 0 0 0 rg BT 240.58 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.14 653.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.71 653.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 321.51 653.10 Td (where ) Tj ET Q q 0 0 0 rg BT 348.29 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 362.30 653.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 396.57 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.14 653.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 451.24 653.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 465.81 653.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 483.15 653.10 Td (has ) Tj ET Q q 0 0 0 rg BT 498.83 653.10 Td (ranged ) Tj ET Q q 0 0 0 rg BT 528.39 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 550.18 653.10 Td (12.5% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 45.59 641.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 65.74 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 79.22 641.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 107.68 641.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 141.43 641.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 179.11 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.42 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.46 641.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 237.03 641.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 251.06 641.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 267.86 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.34 641.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 309.80 641.10 Td (income ) Tj ET Q q 0 0 0 rg BT 341.05 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.54 641.10 Td (27% ) Tj ET Q q 0 0 0 rg BT 369.68 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.28 641.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 413.30 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.56 641.10 Td (23% ) Tj ET Q q 0 0 0 rg BT 449.71 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.30 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.33 641.10 Td (United ) Tj ET Q q 0 0 0 rg BT 502.37 641.10 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 544.46 641.10 Td (Further) Tj ET Q q 0 0 0 rg BT 573.50 641.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 61.91 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 71.71 629.10 Td (one ) Tj ET Q q 0 0 0 rg BT 88.16 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.40 629.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 149.97 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 169.20 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 184.00 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.46 629.10 Td (of) Tj ET Q q 0 0 0 rg BT 203.60 629.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 220.06 629.10 Td (against ) Tj ET Q q 0 0 0 rg BT 250.40 629.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 281.29 629.10 Td (income ) Tj ET Q q 0 0 0 rg BT 312.75 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.54 629.10 Td (other ) Tj ET Q q 0 0 0 rg BT 345.11 629.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 398.62 629.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 447.96 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 452.48 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.71 629.10 Td (ef) Tj ET Q q 0 0 0 rg BT 474.30 629.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 503.52 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 517.75 629.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 534.76 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 553.99 629.10 Td (dif) Tj ET Q q 0 0 0 rg BT 564.92 629.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (from ) Tj ET Q q 0 0 0 rg BT 57.67 617.10 Td (period ) Tj ET Q q 0 0 0 rg BT 85.44 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.45 617.10 Td (period ) Tj ET Q q 0 0 0 rg BT 123.23 617.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 167.11 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.34 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.79 617.10 Td (level ) Tj ET Q q 0 0 0 rg BT 215.45 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.01 617.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 258.23 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.23 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.90 617.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 302.69 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.25 617.10 Td (each ) Tj ET Q q 0 0 0 rg BT 333.79 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.35 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.80 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.24 617.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 424.91 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.92 617.10 Td (which ) Tj ET Q q 0 0 0 rg BT 461.59 617.10 Td (we ) Tj ET Q q 0 0 0 rg BT 475.48 617.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 518.80 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.36 617.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.66 605.10 Td (level ) Tj ET Q q 0 0 0 rg BT 89.59 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.42 605.10 Td (income ) Tj ET Q q 0 0 0 rg BT 132.35 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.29 605.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 187.89 605.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 223.71 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.98 605.10 Td (nontaxable ) Tj ET Q q 0 0 0 rg BT 280.36 605.10 Td (jurisdictions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 581.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 581.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 114.52 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.14 581.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 167.31 581.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 197.68 581.10 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 557.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.61 557.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 121.58 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.89 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.87 557.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 171.06 557.10 Td (intensive ) Tj ET Q q 0 0 0 rg BT 210.70 557.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 247.01 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.99 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 280.19 557.10 Td (have ) Tj ET Q q 0 0 0 rg BT 302.60 557.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 351.13 557.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 389.09 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.84 557.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 443.92 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.79 557.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 488.77 557.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 507.31 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.28 557.10 Td (other ) Tj ET Q q 0 0 0 rg BT 549.37 557.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 89.75 545.10 Td (through ) Tj ET Q q 0 0 0 rg BT 123.51 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.61 545.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 183.26 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.24 545.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 242.45 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 264.54 545.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 314.40 545.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 342.88 545.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 381.08 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 403.17 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.05 545.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 454.58 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.57 545.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 494.61 545.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 515.04 545.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 556.56 545.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.18 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.14 533.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 124.66 533.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 156.34 533.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 174.41 533.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 210.83 533.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 265.56 533.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 290.28 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.58 533.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 339.76 533.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 359.51 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.47 533.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 410.10 533.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 462.90 533.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 496.53 533.10 Td (working ) Tj ET Q q 0 0 0 rg BT 532.39 533.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 561.56 533.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.78 521.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 87.77 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.66 521.10 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 142.60 521.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 165.72 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.61 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.50 521.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 227.26 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.26 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 267.36 521.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 305.46 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 320.22 521.10 Td (received ) Tj ET Q q 0 0 0 rg BT 356.64 521.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 392.54 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.88 521.10 Td (arrears, ) Tj ET Q q 0 0 0 rg BT 435.13 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.13 521.10 Td (most ) Tj ET Q q 0 0 0 rg BT 474.13 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.02 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 500.91 521.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 541.23 521.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 563.79 521.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 55.72 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 68.22 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.16 509.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 110.99 509.10 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.98 485.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 123.51 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.38 485.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 175.01 485.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 213.54 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.17 485.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 271.69 485.10 Td (within ) Tj ET Q q 0 0 0 rg BT 299.68 485.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 339.86 485.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 373.39 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.59 485.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 425.45 485.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 455.64 485.10 Td (while ) Tj ET Q q 0 0 0 rg BT 480.29 485.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 530.48 485.10 Td (appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 73.04 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 87.86 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.34 473.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 162.20 473.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 185.35 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.94 473.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 223.86 473.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 272.56 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 287.92 473.10 Td (held ) Tj ET Q q 0 0 0 rg BT 308.29 473.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 339.22 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.15 473.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 371.08 473.10 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 403.96 473.10 Td (with ) Tj ET Q q 0 0 0 rg BT 424.89 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.26 473.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 476.18 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.67 473.10 Td (short ) Tj ET Q q 0 0 0 rg BT 510.82 473.10 Td (term ) Tj ET Q q 0 0 0 rg BT 532.30 473.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 568.23 473.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 82.93 461.10 Td (Kroner) Tj ET Q q 0 0 0 rg BT 110.85 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 115.85 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.35 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.29 461.10 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 167.24 461.10 Td (Sterling.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.80 437.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 135.71 437.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 172.85 437.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 228.31 437.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 253.76 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.79 437.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 304.70 437.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 325.17 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.86 437.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 377.22 437.10 Td (working ) Tj ET Q q 0 0 0 rg BT 413.80 437.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 443.70 437.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 501.66 437.10 Td (including ) Tj ET Q q 0 0 0 rg BT 542.68 437.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 79.14 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 106.73 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.76 425.10 Td (management ) Tj ET Q q 0 0 0 rg BT 179.67 425.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 230.02 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.27 425.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 311.30 425.10 Td (services ) Tj ET Q q 0 0 0 rg BT 348.32 425.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 398.67 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.26 425.10 Td (North ) Tj ET Q q 0 0 0 rg BT 448.35 425.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 485.38 425.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 544.90 425.10 Td (Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 90.17 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.59 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 129.11 413.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 168.28 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.69 413.10 Td (related ) Tj ET Q q 0 0 0 rg BT 213.87 413.10 Td (third ) Tj ET Q q 0 0 0 rg BT 234.73 413.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 265.85 413.10 Td (Sources ) Tj ET Q q 0 0 0 rg BT 299.49 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.79 413.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 353.42 413.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 389.28 413.10 Td (include ) Tj ET Q q 0 0 0 rg BT 420.69 413.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 440.43 413.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 479.33 413.10 Td (available ) Tj ET Q q 0 0 0 rg BT 517.39 413.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.25 413.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 76.83 401.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 102.09 401.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 139.02 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.96 401.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 189.55 401.10 Td (from ) Tj ET Q q 0 0 0 rg BT 211.49 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 227.32 401.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 259.26 401.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.61 377.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 131.11 377.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 167.06 377.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 202.45 377.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 235.62 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.90 377.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 286.40 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.79 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.18 377.10 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 364.24 377.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 420.74 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.24 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.52 377.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 495.78 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.17 377.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 554.90 377.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (term ) Tj ET Q q 0 0 0 rg BT 56.83 365.10 Td (debt.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (Newbuilding ) Tj ET Q q 0 0 0 rg BT 91.29 341.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 317.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.09 317.10 Td (have ) Tj ET Q q 0 0 0 rg BT 107.98 317.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 139.42 317.10 Td (into ) Tj ET Q q 0 0 0 rg BT 156.99 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.44 317.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 214.89 317.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 249.11 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.78 317.10 Td (one ) Tj ET Q q 0 0 0 rg BT 279.23 317.10 Td (sixth ) Tj ET Q q 0 0 0 rg BT 300.70 317.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 344.91 317.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 368.59 317.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 421.14 317.10 Td (semi-submersible, ) Tj ET Q q 0 0 0 rg BT 496.20 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.28 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 518.92 317.10 Td (est ) Tj ET Q q 0 0 0 rg BT 532.04 317.10 Td (Rigel, ) Tj ET Q q 0 0 0 rg BT 558.22 317.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 96.92 305.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 145.06 305.10 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 205.72 305.10 Td (including ) Tj ET Q q 0 0 0 rg BT 247.21 305.10 Td (project ) Tj ET Q q 0 0 0 rg BT 278.69 305.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 335.99 305.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 377.48 305.10 Td (preparations, ) Tj ET Q q 0 0 0 rg BT 433.12 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.27 305.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 490.53 305.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 521.74 305.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 556.01 305.10 Td ($720 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (million ) Tj ET Q q 0 0 0 rg BT 67.57 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.57 293.10 Td (which ) Tj ET Q q 0 0 0 rg BT 105.68 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 120.02 293.10 Td (have ) Tj ET Q q 0 0 0 rg BT 141.57 293.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 161.46 293.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 184.14 293.10 Td (million ) Tj ET Q q 0 0 0 rg BT 215.70 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 226.71 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.71 293.10 Td (December ) Tj ET Q q 0 0 0 rg BT 281.47 293.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 296.65 293.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 321.63 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 339.66 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.29 293.10 Td (est ) Tj ET Q q 0 0 0 rg BT 362.08 293.10 Td (Rigel ) Tj ET Q q 0 0 0 rg BT 386.42 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.76 293.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 438.42 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.88 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 460.99 293.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 500.87 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.32 293.10 Td (us ) Tj ET Q q 0 0 0 rg BT 522.89 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.34 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.23 293.10 Td (second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 66.87 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.75 281.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 102.62 281.10 Td (W) Tj ET Q q 0 0 0 rg BT 111.26 281.10 Td (e ) Tj ET Q q 0 0 0 rg BT 118.25 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 136.36 281.10 Td (need ) Tj ET Q q 0 0 0 rg BT 157.79 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.12 281.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 196.21 281.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 238.75 281.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 279.07 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.28 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.05 281.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 351.14 281.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 371.47 281.10 Td (installment, ) Tj ET Q q 0 0 0 rg BT 420.96 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 447.95 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 466.06 281.10 Td (be ) Tj ET Q q 0 0 0 rg BT 478.05 281.10 Td (due ) Tj ET Q q 0 0 0 rg BT 495.04 281.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 517.59 281.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 552.91 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.79 281.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (rig. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 245.10 Td (As of December 31, 2013, we also had outstanding contractual commitments of $360 million relating to the newbuilding rig ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 233.10 Td (est Linus, which was paid in full in February 2014 upon delivery of the rig to us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 192.10 Td (In ) Tj ET Q q 0 0 0 rg BT 81.79 192.10 Td (June ) Tj ET Q q 0 0 0 rg BT 101.58 192.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 125.54 192.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.66 192.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 169.54 192.10 Td (into ) Tj ET Q q 0 0 0 rg BT 186.55 192.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.45 192.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 233.34 192.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 250.35 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.25 192.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 306.57 192.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 358.00 192.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 393.90 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.13 192.10 Td (which ) Tj ET Q q 0 0 0 rg BT 429.03 192.10 Td (we ) Tj ET Q q 0 0 0 rg BT 442.15 192.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 460.28 192.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.96 192.10 Td (W) Tj ET Q q 0 0 0 rg BT 481.37 192.10 Td (est ) Tj ET Q q 0 0 0 rg BT 493.93 192.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.17 192.10 Td (, ) Tj ET Q q 0 0 0 rg BT 520.13 192.10 Td (a ) Tj ET Q q 0 0 0 rg BT 526.02 192.10 Td (newbuilding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 180.10 Td (harsh-environment ) Tj ET Q q 0 0 0 rg BT 114.27 180.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 187.56 180.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 219.74 180.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 236.09 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.61 180.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 267.69 180.10 Td (Finance. ) Tj ET Q q 0 0 0 rg BT 304.59 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.33 180.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 332.30 180.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 367.80 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.87 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.83 180.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 407.68 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.20 180.10 Td (us ) Tj ET Q q 0 0 0 rg BT 429.84 180.10 Td (from ) Tj ET Q q 0 0 0 rg BT 452.02 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.97 180.10 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 504.15 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.67 180.10 Td (February ) Tj ET Q q 0 0 0 rg BT 553.51 180.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 168.10 Td (we ) Tj ET Q q 0 0 0 rg BT 49.94 168.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.45 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.95 168.10 Td (final ) Tj ET Q q 0 0 0 rg BT 104.56 168.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 124.61 168.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 171.33 168.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 190.29 168.10 Td (other ) Tj ET Q q 0 0 0 rg BT 213.12 168.10 Td (project ) Tj ET Q q 0 0 0 rg BT 243.16 168.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 265.45 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.17 168.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 320.00 168.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 347.27 168.10 Td (which ) Tj ET Q q 0 0 0 rg BT 373.99 168.10 Td (were ) Tj ET Q q 0 0 0 rg BT 395.71 168.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 432.42 168.10 Td (through ) Tj ET Q q 0 0 0 rg BT 465.81 168.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 485.86 168.10 Td (we ) Tj ET Q q 0 0 0 rg BT 499.80 168.10 Td (received ) Tj ET Q q 0 0 0 rg BT 535.95 168.10 Td (from ) Tj ET Q q 0 0 0 rg BT 557.67 168.10 Td (Ship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 156.10 Td (Finance. ) Tj ET Q q 0 0 0 rg BT 72.13 156.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.80 156.10 Td (total ) Tj ET Q q 0 0 0 rg BT 109.70 156.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 161.26 156.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 182.00 156.10 Td (including ) Tj ET Q q 0 0 0 rg BT 221.90 156.10 Td (project ) Tj ET Q q 0 0 0 rg BT 251.79 156.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 307.50 156.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 347.39 156.10 Td (preparations, ) Tj ET Q q 0 0 0 rg BT 401.44 156.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.01 156.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 455.68 156.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 485.29 156.10 Td (is ) Tj ET Q q 0 0 0 rg BT 494.09 156.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 534.54 156.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.44 156.10 Td (be ) Tj ET Q q 0 0 0 rg BT 556.00 156.10 Td ($530 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 144.10 Td (million ) Tj ET Q q 0 0 0 rg BT 67.43 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.29 144.10 Td (which ) Tj ET Q q 0 0 0 rg BT 105.27 144.10 Td (we ) Tj ET Q q 0 0 0 rg BT 119.47 144.10 Td (have ) Tj ET Q q 0 0 0 rg BT 140.88 144.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 160.63 144.10 Td ($163 ) Tj ET Q q 0 0 0 rg BT 183.17 144.10 Td (million ) Tj ET Q q 0 0 0 rg BT 214.60 144.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.47 144.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.33 144.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 294.95 144.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 144.10 Td (. ) Tj ET Q q 0 0 0 rg BT 319.99 144.10 Td (In ) Tj ET Q q 0 0 0 rg BT 330.86 144.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 378.35 144.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.67 144.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 418.99 144.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 445.11 144.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.14 144.10 Td (we ) Tj ET Q q 0 0 0 rg BT 464.34 144.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 512.42 144.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 529.28 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 531.82 144.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 557.13 144.10 Td (Ltd., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 132.10 Td (which ) Tj ET Q q 0 0 0 rg BT 62.94 132.10 Td (is ) Tj ET Q q 0 0 0 rg BT 72.11 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.83 132.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 107.67 132.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 141.82 132.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 185.43 132.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.92 132.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 226.54 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.25 132.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 257.36 132.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.64 132.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.47 132.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 336.51 132.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 373.99 132.10 Td (statements. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 108.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 80.17 108.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 106.55 108.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 84.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 114.49 84.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 136.97 84.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 193.91 84.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.63 84.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 262.21 84.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.21 84.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.71 84.10 Td (are ) Tj ET Q q 0 0 0 rg BT 299.42 84.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 350.79 84.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.07 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.78 84.10 Td (table ) Tj ET Q q 0 0 0 rg BT 397.72 84.10 Td (below:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (42) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 734.50 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 734.50 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 734.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 734.50 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 734.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 734.50 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 734.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 734.50 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 734.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 734.50 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 734.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.50 734.50 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 734.5 m 360.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 734.5 m 390.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 734.5 m 394.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 734.5 m 424.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 734.5 m 428.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 734.5 m 458.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 734.5 m 462.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 734.5 m 492.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 734.5 m 496.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 734.5 m 526.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530.5 734.5 m 575.5 734.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 738.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.00 738.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.00 738.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 738.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.00 738.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.00 738.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.00 738.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 738.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 738.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 738.73 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.00 738.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.05 746.73 Td (2019 and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.50 738.73 Td (ther) Tj ET Q q 0 0 0 rg BT 549.57 738.73 Td (eafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 724.17 Td (Leased premises) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.10 724.17 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.10 724.17 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.10 724.17 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.10 724.17 Td (5.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.10 724.17 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 724.17 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 684.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 55.17 684.00 Td (Borrowing ) Tj ET Q q 0 0 0 rg BT 101.77 684.00 Td (Activities) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 632.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 632.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 632.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 632.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 604.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 604.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 604.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 604.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 576.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 576.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 576.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 548.50 386.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 548.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 548.50 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 647.5 m 421.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 647.5 m 496.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 647.5 m 500.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 647.5 m 575.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 632.5 m 421.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 647.5 m 496.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 632.5 m 496.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 647.5 m 575.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 632.5 m 575.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 534.5 m 496.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 520.5 m 496.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 534.5 m 575.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 520.5 m 575.5 520.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 652.18 Td (Debt Facilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 651.95 Td (Amounts Outstanding at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 637.18 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.25 636.73 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.25 636.73 Td (December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 623.07 Td ($2,000 Million Senior Secured Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 623.07 Td (1,503.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 623.07 Td (1,750.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 609.07 Td ($500 Million 7.75% Unsecured Bond due 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 609.07 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 609.07 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 595.07 Td (Seadrill Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 595.07 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 595.07 Td (175.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 581.07 Td ($27.5 Million Shareholder Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 581.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 581.07 Td (27.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 567.07 Td ($195 Million Related Party Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 567.07 Td (195.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 567.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 553.07 Td (NOK 1,500 Million Unsecured bond due 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 553.07 Td (244.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 553.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 539.07 Td ($475 Million Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 539.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 539.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 525.18 Td (Total interest bearing debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 525.18 Td (2,447.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 525.18 Td (2,452.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.00 Td (As ) Tj ET Q q 0 0 0 rg BT 85.57 497.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.35 497.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 154.89 497.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.89 497.00 Td ( ) Tj ET Q q 0 0 0 rg BT 177.35 497.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.24 497.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 252.78 497.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.78 497.00 Td (, ) Tj ET Q q 0 0 0 rg BT 277.74 497.00 Td (we ) Tj ET Q q 0 0 0 rg BT 291.85 497.00 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.74 497.00 Td ($160.0 ) Tj ET Q q 0 0 0 rg BT 338.70 497.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.59 497.00 Td ( ) Tj ET Q q 0 0 0 rg BT 370.05 497.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.94 497.00 Td ($146.0 ) Tj ET Q q 0 0 0 rg BT 416.89 497.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.79 497.00 Td (, ) Tj ET Q q 0 0 0 rg BT 450.74 497.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 498.40 497.00 Td (, ) Tj ET Q q 0 0 0 rg BT 503.36 497.00 Td (available ) Tj ET Q q 0 0 0 rg BT 541.90 497.00 Td (for ) Tj ET Q q 0 0 0 rg BT 556.02 497.00 Td (draw ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.00 Td (down ) Tj ET Q q 0 0 0 rg BT 60.72 485.00 Td (under ) Tj ET Q q 0 0 0 rg BT 85.99 485.00 Td (our ) Tj ET Q q 0 0 0 rg BT 101.82 485.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 127.08 485.00 Td (facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 461.00 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 102.00 461.00 Td (Million ) Tj ET Q q 0 0 0 rg BT 135.07 461.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 164.80 461.00 Td (Secured ) Tj ET Q q 0 0 0 rg BT 200.63 461.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 228.68 461.00 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.00 Td (On ) Tj ET Q q 0 0 0 rg BT 86.63 437.00 Td (April15, ) Tj ET Q q 0 0 0 rg BT 125.83 437.00 Td (201) Tj ET Q q 0 0 0 rg BT 140.46 437.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 151.06 437.00 Td (we ) Tj ET Q q 0 0 0 rg BT 165.81 437.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 198.33 437.00 Td (into ) Tj ET Q q 0 0 0 rg BT 216.98 437.00 Td (a ) Tj ET Q q 0 0 0 rg BT 224.51 437.00 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 255.10 437.00 Td (million ) Tj ET Q q 0 0 0 rg BT 287.09 437.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 314.62 437.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 348.25 437.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 374.11 437.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 405.52 437.00 Td (with ) Tj ET Q q 0 0 0 rg BT 426.39 437.00 Td (a ) Tj ET Q q 0 0 0 rg BT 433.92 437.00 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 474.78 437.00 Td (of ) Tj ET Q q 0 0 0 rg BT 486.20 437.00 Td (banks ) Tj ET Q q 0 0 0 rg BT 512.63 437.00 Td (to ) Tj ET Q q 0 0 0 rg BT 523.50 437.00 Td (refinance ) Tj ET Q q 0 0 0 rg BT 563.78 437.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 71.80 425.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 93.15 425.00 Td (related ) Tj ET Q q 0 0 0 rg BT 124.48 425.00 Td (to ) Tj ET Q q 0 0 0 rg BT 136.39 425.00 Td (three ) Tj ET Q q 0 0 0 rg BT 160.51 425.00 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 235.18 425.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 268.76 425.00 Td (units, ) Tj ET Q q 0 0 0 rg BT 294.84 425.00 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.56 425.00 Td (W) Tj ET Q q 0 0 0 rg BT 316.97 425.00 Td (est ) Tj ET Q q 0 0 0 rg BT 331.91 425.00 Td (Alpha, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.43 425.00 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.78 425.00 Td (W) Tj ET Q q 0 0 0 rg BT 386.19 425.00 Td (est ) Tj ET Q q 0 0 0 rg BT 401.43 425.00 Td (Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.20 425.00 Td (, ) Tj ET Q q 0 0 0 rg BT 440.83 425.00 Td (and ) Tj ET Q q 0 0 0 rg BT 459.40 425.00 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.62 425.00 Td ( ) Tj ET Q q 0 0 0 rg BT 475.75 425.00 Td (W) Tj ET Q q 0 0 0 rg BT 483.16 425.00 Td (est ) Tj ET Q q 0 0 0 rg BT 498.40 425.00 Td (V) Tj ET Q q 0 0 0 rg BT 503.40 425.00 Td (entur) Tj ET Q q 0 0 0 rg BT 524.14 425.00 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.58 425.00 Td (, ) Tj ET Q q 0 0 0 rg BT 535.21 425.00 Td (two ) Tj ET Q q 0 0 0 rg BT 554.34 425.00 Td (harsh ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 89.29 413.00 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 122.02 413.00 Td (units, ) Tj ET Q q 0 0 0 rg BT 146.72 413.00 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 161.43 413.00 Td (W) Tj ET Q q 0 0 0 rg BT 168.84 413.00 Td (est ) Tj ET Q q 0 0 0 rg BT 182.70 413.00 Td (Elara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.48 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 225.16 413.00 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.88 413.00 Td (W) Tj ET Q q 0 0 0 rg BT 247.29 413.00 Td (est ) Tj ET Q q 0 0 0 rg BT 261.15 413.00 Td (Epsilon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.70 413.00 Td (, ) Tj ET Q q 0 0 0 rg BT 296.95 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 314.13 413.00 Td (one ) Tj ET Q q 0 0 0 rg BT 331.32 413.00 Td (drillship, ) Tj ET Q q 0 0 0 rg BT 369.90 413.00 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.62 413.00 Td (W) Tj ET Q q 0 0 0 rg BT 392.03 413.00 Td (est ) Tj ET Q q 0 0 0 rg BT 405.89 413.00 Td (Navigator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.44 413.00 Td (, ) Tj ET Q q 0 0 0 rg BT 451.69 413.00 Td (or ) Tj ET Q q 0 0 0 rg BT 462.77 413.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.12 413.00 Td (Acquired ) Tj ET Q q 0 0 0 rg BT 516.88 413.00 Td (V) Tj ET Q q 0 0 0 rg BT 522.99 413.00 Td (essels, ) Tj ET Q q 0 0 0 rg BT 551.57 413.00 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.00 Td (are ) Tj ET Q q 0 0 0 rg BT 51.16 401.00 Td (mortgaged ) Tj ET Q q 0 0 0 rg BT 96.87 401.00 Td (as ) Tj ET Q q 0 0 0 rg BT 108.15 401.00 Td (collateral ) Tj ET Q q 0 0 0 rg BT 148.30 401.00 Td (under ) Tj ET Q q 0 0 0 rg BT 174.02 401.00 Td (this ) Tj ET Q q 0 0 0 rg BT 191.42 401.00 Td (facility) Tj ET Q q 0 0 0 rg BT 219.09 401.00 Td (. ) Tj ET Q q 0 0 0 rg BT 224.33 401.00 Td (This ) Tj ET Q q 0 0 0 rg BT 245.06 401.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 276.33 401.00 Td (is ) Tj ET Q q 0 0 0 rg BT 285.95 401.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 330.55 401.00 Td (of ) Tj ET Q q 0 0 0 rg BT 341.83 401.00 Td (a ) Tj ET Q q 0 0 0 rg BT 349.22 401.00 Td (revolving ) Tj ET Q q 0 0 0 rg BT 390.50 401.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 421.77 401.00 Td (in ) Tj ET Q q 0 0 0 rg BT 432.50 401.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.67 401.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 480.61 401.00 Td (of ) Tj ET Q q 0 0 0 rg BT 491.89 401.00 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 522.34 401.00 Td (million ) Tj ET Q q 0 0 0 rg BT 554.19 401.00 Td (and ) Tj ET Q q 0 0 0 rg BT 571.58 401.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.00 Td (term ) Tj ET Q q 0 0 0 rg BT 56.14 389.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 75.18 389.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 105.32 389.00 Td (in ) Tj ET Q q 0 0 0 rg BT 114.92 389.00 Td (the ) Tj ET Q q 0 0 0 rg BT 128.95 389.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 160.77 389.00 Td (of ) Tj ET Q q 0 0 0 rg BT 170.91 389.00 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 200.23 389.00 Td (million. ) Tj ET Q q 0 0 0 rg BT 233.31 389.00 Td (This ) Tj ET Q q 0 0 0 rg BT 252.91 389.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 283.05 389.00 Td (bears ) Tj ET Q q 0 0 0 rg BT 305.97 389.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.22 389.00 Td (at ) Tj ET Q q 0 0 0 rg BT 346.25 389.00 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 378.07 389.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 396.56 389.00 Td (a ) Tj ET Q q 0 0 0 rg BT 402.82 389.00 Td (mar) Tj ET Q q 0 0 0 rg BT 418.19 389.00 Td (gin ) Tj ET Q q 0 0 0 rg BT 432.78 389.00 Td (of ) Tj ET Q q 0 0 0 rg BT 442.93 389.00 Td (2.0%per ) Tj ET Q q 0 0 0 rg BT 480.85 389.00 Td (annum, ) Tj ET Q q 0 0 0 rg BT 512.38 389.00 Td (and ) Tj ET Q q 0 0 0 rg BT 528.64 389.00 Td (is ) Tj ET Q q 0 0 0 rg BT 537.13 389.00 Td (repayable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.00 Td (over ) Tj ET Q q 0 0 0 rg BT 56.44 377.00 Td (a ) Tj ET Q q 0 0 0 rg BT 63.55 377.00 Td (term ) Tj ET Q q 0 0 0 rg BT 84.55 377.00 Td (of ) Tj ET Q q 0 0 0 rg BT 95.55 377.00 Td (six ) Tj ET Q q 0 0 0 rg BT 109.89 377.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 135.58 377.00 Td (As ) Tj ET Q q 0 0 0 rg BT 149.36 377.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.36 377.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 219.12 377.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.12 377.00 Td (, ) Tj ET Q q 0 0 0 rg BT 244.29 377.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.18 377.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 308.52 377.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 341.72 377.00 Td (of ) Tj ET Q q 0 0 0 rg BT 352.73 377.00 Td (this ) Tj ET Q q 0 0 0 rg BT 369.85 377.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 400.84 377.00 Td (was ) Tj ET Q q 0 0 0 rg BT 419.06 377.00 Td ($1,503.4 ) Tj ET Q q 0 0 0 rg BT 456.74 377.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 490.80 377.00 Td (and ) Tj ET Q q 0 0 0 rg BT 507.91 377.00 Td (the ) Tj ET Q q 0 0 0 rg BT 522.80 377.00 Td (available ) Tj ET Q q 0 0 0 rg BT 561.56 377.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.00 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 73.49 365.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 105.99 365.00 Td (was ) Tj ET Q q 0 0 0 rg BT 124.04 365.00 Td ($80 ) Tj ET Q q 0 0 0 rg BT 141.54 365.00 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 341.00 Td ($500 ) Tj ET Q q 0 0 0 rg BT 94.50 341.00 Td (Million ) Tj ET Q q 0 0 0 rg BT 127.57 341.00 Td (7.75% ) Tj ET Q q 0 0 0 rg BT 155.90 341.00 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 202.84 341.00 Td (Bond ) Tj ET Q q 0 0 0 rg BT 227.57 341.00 Td (due ) Tj ET Q q 0 0 0 rg BT 245.07 341.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.00 Td (In ) Tj ET Q q 0 0 0 rg BT 81.59 317.00 Td (April ) Tj ET Q q 0 0 0 rg BT 104.31 317.00 Td (201) Tj ET Q q 0 0 0 rg BT 118.93 317.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 128.05 317.00 Td (we ) Tj ET Q q 0 0 0 rg BT 141.32 317.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 167.93 317.00 Td (a ) Tj ET Q q 0 0 0 rg BT 173.98 317.00 Td ($500 ) Tj ET Q q 0 0 0 rg BT 195.59 317.00 Td (million ) Tj ET Q q 0 0 0 rg BT 226.09 317.00 Td (callable ) Tj ET Q q 0 0 0 rg BT 258.79 317.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 284.84 317.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 326.99 317.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 348.60 317.00 Td (to ) Tj ET Q q 0 0 0 rg BT 357.99 317.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 390.71 317.00 Td (to ) Tj ET Q q 0 0 0 rg BT 400.10 317.00 Td (partly ) Tj ET Q q 0 0 0 rg BT 425.03 317.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 456.07 317.00 Td (the ) Tj ET Q q 0 0 0 rg BT 469.90 317.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 515.39 317.00 Td (of ) Tj ET Q q 0 0 0 rg BT 525.33 317.00 Td (the ) Tj ET Q q 0 0 0 rg BT 538.80 317.00 Td (Acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.00 Td (V) Tj ET Q q 0 0 0 rg BT 42.11 305.00 Td (essels. ) Tj ET Q q 0 0 0 rg BT 70.14 305.00 Td (The ) Tj ET Q q 0 0 0 rg BT 88.06 305.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 110.43 305.00 Td (bears ) Tj ET Q q 0 0 0 rg BT 133.90 305.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.70 305.00 Td (at ) Tj ET Q q 0 0 0 rg BT 175.29 305.00 Td (a ) Tj ET Q q 0 0 0 rg BT 182.10 305.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 199.46 305.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.16 305.00 Td (7.75%per ) Tj ET Q q 0 0 0 rg BT 253.63 305.00 Td (annum, ) Tj ET Q q 0 0 0 rg BT 285.71 305.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 319.18 305.00 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 378.20 305.00 Td (in ) Tj ET Q q 0 0 0 rg BT 388.35 305.00 Td (arrears, ) Tj ET Q q 0 0 0 rg BT 420.42 305.00 Td (and ) Tj ET Q q 0 0 0 rg BT 437.23 305.00 Td (matures ) Tj ET Q q 0 0 0 rg BT 471.25 305.00 Td (in ) Tj ET Q q 0 0 0 rg BT 481.40 305.00 Td (full ) Tj ET Q q 0 0 0 rg BT 497.66 305.00 Td (on ) Tj ET Q q 0 0 0 rg BT 510.03 305.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 553.50 305.00 Td (2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.00 Td (On ) Tj ET Q q 0 0 0 rg BT 49.80 293.00 Td (December20, ) Tj ET Q q 0 0 0 rg BT 107.46 293.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 131.53 293.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 164.21 293.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 182.46 293.00 Td (this ) Tj ET Q q 0 0 0 rg BT 198.48 293.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 220.06 293.00 Td (to ) Tj ET Q q 0 0 0 rg BT 229.42 293.00 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 268.76 293.00 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 307.01 293.00 Td (Inc, ) Tj ET Q q 0 0 0 rg BT 323.85 293.00 Td (or ) Tj ET Q q 0 0 0 rg BT 333.76 293.00 Td (Metrogas, ) Tj ET Q q 0 0 0 rg BT 375.60 293.00 Td (a ) Tj ET Q q 0 0 0 rg BT 381.62 293.00 Td (party ) Tj ET Q q 0 0 0 rg BT 403.74 293.00 Td (related ) Tj ET Q q 0 0 0 rg BT 432.52 293.00 Td (to ) Tj ET Q q 0 0 0 rg BT 441.87 293.00 Td (us, ) Tj ET Q q 0 0 0 rg BT 454.84 293.00 Td (with ) Tj ET Q q 0 0 0 rg BT 474.19 293.00 Td (a ) Tj ET Q q 0 0 0 rg BT 480.21 293.00 Td (call ) Tj ET Q q 0 0 0 rg BT 496.22 293.00 Td (option ) Tj ET Q q 0 0 0 rg BT 523.35 293.00 Td (to ) Tj ET Q q 0 0 0 rg BT 532.71 293.00 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.00 Td (the ) Tj ET Q q 0 0 0 rg BT 50.95 281.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 73.68 281.00 Td (in ) Tj ET Q q 0 0 0 rg BT 84.18 281.00 Td (full ) Tj ET Q q 0 0 0 rg BT 100.80 281.00 Td (at ) Tj ET Q q 0 0 0 rg BT 110.75 281.00 Td (a ) Tj ET Q q 0 0 0 rg BT 117.91 281.00 Td (price ) Tj ET Q q 0 0 0 rg BT 140.63 281.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 165.01 281.00 Td (to ) Tj ET Q q 0 0 0 rg BT 175.52 281.00 Td (par ) Tj ET Q q 0 0 0 rg BT 191.02 281.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 210.42 281.00 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 240.37 281.00 Td (accrued ) Tj ET Q q 0 0 0 rg BT 274.18 281.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.34 281.00 Td (on ) Tj ET Q q 0 0 0 rg BT 319.07 281.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.02 281.00 Td (date ) Tj ET Q q 0 0 0 rg BT 353.40 281.00 Td (of ) Tj ET Q q 0 0 0 rg BT 364.46 281.00 Td (repurchase. ) Tj ET Q q 0 0 0 rg BT 413.00 281.00 Td (On ) Tj ET Q q 0 0 0 rg BT 427.95 281.00 Td (May ) Tj ET Q q 0 0 0 rg BT 449.01 281.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.24 281.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 489.47 281.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 523.30 281.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 563.78 281.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.00 Td (option ) Tj ET Q q 0 0 0 rg BT 63.88 269.00 Td (to ) Tj ET Q q 0 0 0 rg BT 73.98 269.00 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 119.61 269.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.15 269.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 156.47 269.00 Td (from ) Tj ET Q q 0 0 0 rg BT 178.24 269.00 Td (Metrogas. ) Tj ET Q q 0 0 0 rg BT 220.31 269.00 Td (As ) Tj ET Q q 0 0 0 rg BT 233.75 269.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.40 269.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 302.81 269.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.81 269.00 Td (, ) Tj ET Q q 0 0 0 rg BT 327.63 269.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.17 269.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 391.16 269.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 423.48 269.00 Td (due ) Tj ET Q q 0 0 0 rg BT 440.24 269.00 Td (under ) Tj ET Q q 0 0 0 rg BT 465.33 269.00 Td (this ) Tj ET Q q 0 0 0 rg BT 482.11 269.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 504.43 269.00 Td (was ) Tj ET Q q 0 0 0 rg BT 522.30 269.00 Td ($500 ) Tj ET Q q 0 0 0 rg BT 544.63 269.00 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.00 Td (which ) Tj ET Q q 0 0 0 rg BT 62.76 257.00 Td (was ) Tj ET Q q 0 0 0 rg BT 80.64 257.00 Td (held ) Tj ET Q q 0 0 0 rg BT 100.18 257.00 Td (entirely ) Tj ET Q q 0 0 0 rg BT 133.05 257.00 Td (by ) Tj ET Q q 0 0 0 rg BT 145.38 257.00 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 181.31 257.00 Td ( ) Tj ET Q q 0 0 0 rg BT 183.63 257.00 Td (In ) Tj ET Q q 0 0 0 rg BT 194.29 257.00 Td (February ) Tj ET Q q 0 0 0 rg BT 232.71 257.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 257.54 257.00 Td (using ) Tj ET Q q 0 0 0 rg BT 281.53 257.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.08 257.00 Td (net ) Tj ET Q q 0 0 0 rg BT 310.62 257.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 348.48 257.00 Td (we ) Tj ET Q q 0 0 0 rg BT 362.47 257.00 Td (received ) Tj ET Q q 0 0 0 rg BT 398.66 257.00 Td (from ) Tj ET Q q 0 0 0 rg BT 420.42 257.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.96 257.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 471.16 257.00 Td (of ) Tj ET Q q 0 0 0 rg BT 481.82 257.00 Td (the ) Tj ET Q q 0 0 0 rg BT 496.36 257.00 Td ($600 ) Tj ET Q q 0 0 0 rg BT 518.69 257.00 Td (million ) Tj ET Q q 0 0 0 rg BT 549.91 257.00 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.00 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 81.26 245.00 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 109.59 245.00 Td (we ) Tj ET Q q 0 0 0 rg BT 123.75 245.00 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 156.23 245.00 Td (in ) Tj ET Q q 0 0 0 rg BT 166.51 245.00 Td (full ) Tj ET Q q 0 0 0 rg BT 182.90 245.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.62 245.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 235.66 245.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.15 245.00 Td (due ) Tj ET Q q 0 0 0 rg BT 285.09 245.00 Td (under ) Tj ET Q q 0 0 0 rg BT 310.36 245.00 Td (this ) Tj ET Q q 0 0 0 rg BT 327.31 245.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 349.81 245.00 Td (and ) Tj ET Q q 0 0 0 rg BT 366.75 245.00 Td (also ) Tj ET Q q 0 0 0 rg BT 385.36 245.00 Td (an ) Tj ET Q q 0 0 0 rg BT 397.29 245.00 Td (early ) Tj ET Q q 0 0 0 rg BT 419.78 245.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 468.38 245.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 483.08 245.00 Td (of ) Tj ET Q q 0 0 0 rg BT 493.92 245.00 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 518.92 245.00 Td (million. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 221.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 106.73 221.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 150.33 221.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 178.39 221.00 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.00 Td (On ) Tj ET Q q 0 0 0 rg BT 87.08 197.00 Td (March30, ) Tj ET Q q 0 0 0 rg BT 131.03 197.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 156.38 197.00 Td (we ) Tj ET Q q 0 0 0 rg BT 170.90 197.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 203.17 197.00 Td (into ) Tj ET Q q 0 0 0 rg BT 221.58 197.00 Td (a ) Tj ET Q q 0 0 0 rg BT 228.88 197.00 Td ($200 ) Tj ET Q q 0 0 0 rg BT 251.73 197.00 Td (million ) Tj ET Q q 0 0 0 rg BT 283.48 197.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 326.87 197.00 Td (revolving ) Tj ET Q q 0 0 0 rg BT 368.05 197.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 393.67 197.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 424.84 197.00 Td (with ) Tj ET Q q 0 0 0 rg BT 445.47 197.00 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 481.93 197.00 Td (which ) Tj ET Q q 0 0 0 rg BT 509.22 197.00 Td (was ) Tj ET Q q 0 0 0 rg BT 527.63 197.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 568.24 197.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.00 Td ($335 ) Tj ET Q q 0 0 0 rg BT 58.80 185.00 Td (million ) Tj ET Q q 0 0 0 rg BT 90.48 185.00 Td (as ) Tj ET Q q 0 0 0 rg BT 101.61 185.00 Td (of ) Tj ET Q q 0 0 0 rg BT 112.73 185.00 Td (June28, ) Tj ET Q q 0 0 0 rg BT 148.86 185.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 173.95 185.00 Td (This ) Tj ET Q q 0 0 0 rg BT 194.53 185.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 225.64 185.00 Td (bears ) Tj ET Q q 0 0 0 rg BT 249.54 185.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 281.76 185.00 Td (at ) Tj ET Q q 0 0 0 rg BT 291.78 185.00 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 324.57 185.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 344.04 185.00 Td (a ) Tj ET Q q 0 0 0 rg BT 351.27 185.00 Td (mar) Tj ET Q q 0 0 0 rg BT 366.64 185.00 Td (gin ) Tj ET Q q 0 0 0 rg BT 382.21 185.00 Td (of ) Tj ET Q q 0 0 0 rg BT 393.34 185.00 Td (3.0% ) Tj ET Q q 0 0 0 rg BT 416.96 185.00 Td (and ) Tj ET Q q 0 0 0 rg BT 434.20 185.00 Td (matures ) Tj ET Q q 0 0 0 rg BT 468.65 185.00 Td (in ) Tj ET Q q 0 0 0 rg BT 479.22 185.00 Td (January ) Tj ET Q q 0 0 0 rg BT 513.11 185.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 538.21 185.00 Td (This ) Tj ET Q q 0 0 0 rg BT 558.78 185.00 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.00 Td (was ) Tj ET Q q 0 0 0 rg BT 53.25 173.00 Td (repaid ) Tj ET Q q 0 0 0 rg BT 79.93 173.00 Td (in ) Tj ET Q q 0 0 0 rg BT 89.40 173.00 Td (full ) Tj ET Q q 0 0 0 rg BT 104.99 173.00 Td (in ) Tj ET Q q 0 0 0 rg BT 114.46 173.00 Td (October ) Tj ET Q q 0 0 0 rg BT 148.36 173.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 170.06 173.00 Td (with ) Tj ET Q q 0 0 0 rg BT 189.53 173.00 Td (a ) Tj ET Q q 0 0 0 rg BT 195.67 173.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 226.25 173.00 Td (of ) Tj ET Q q 0 0 0 rg BT 236.27 173.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.19 173.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 287.42 173.00 Td (of ) Tj ET Q q 0 0 0 rg BT 297.45 173.00 Td (our ) Tj ET Q q 0 0 0 rg BT 312.47 173.00 Td (NOK ) Tj ET Q q 0 0 0 rg BT 335.83 173.00 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 360.03 173.00 Td (million ) Tj ET Q q 0 0 0 rg BT 390.62 173.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 416.75 173.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 458.98 173.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 480.68 173.00 Td (issue. ) Tj ET Q q 0 0 0 rg BT 504.88 173.00 Td (On ) Tj ET Q q 0 0 0 rg BT 518.79 173.00 Td (November20, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 61.05 161.00 Td (we ) Tj ET Q q 0 0 0 rg BT 75.25 161.00 Td (irrevocably ) Tj ET Q q 0 0 0 rg BT 123.33 161.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 157.52 161.00 Td (the ) Tj ET Q q 0 0 0 rg BT 172.29 161.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.83 161.00 Td (of ) Tj ET Q q 0 0 0 rg BT 215.70 161.00 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 263.80 161.00 Td (available ) Tj ET Q q 0 0 0 rg BT 302.44 161.00 Td (from ) Tj ET Q q 0 0 0 rg BT 324.42 161.00 Td ($335 ) Tj ET Q q 0 0 0 rg BT 346.97 161.00 Td (million ) Tj ET Q q 0 0 0 rg BT 378.41 161.00 Td (to ) Tj ET Q q 0 0 0 rg BT 388.73 161.00 Td ($85 ) Tj ET Q q 0 0 0 rg BT 406.28 161.00 Td (million ) Tj ET Q q 0 0 0 rg BT 437.72 161.00 Td (by ) Tj ET Q q 0 0 0 rg BT 450.26 161.00 Td (written ) Tj ET Q q 0 0 0 rg BT 481.13 161.00 Td (notice ) Tj ET Q q 0 0 0 rg BT 508.11 161.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.44 161.00 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 554.03 161.00 Td (As ) Tj ET Q q 0 0 0 rg BT 567.69 161.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 94.58 149.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.58 149.00 Td (, ) Tj ET Q q 0 0 0 rg BT 119.58 149.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.30 149.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 183.47 149.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 216.50 149.00 Td (on ) Tj ET Q q 0 0 0 rg BT 229.00 149.00 Td (this ) Tj ET Q q 0 0 0 rg BT 245.95 149.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 276.77 149.00 Td (was ) Tj ET Q q 0 0 0 rg BT 294.82 149.00 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 314.82 149.00 Td (million ) Tj ET Q q 0 0 0 rg BT 346.21 149.00 Td (and ) Tj ET Q q 0 0 0 rg BT 363.15 149.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.87 149.00 Td (available ) Tj ET Q q 0 0 0 rg BT 416.45 149.00 Td (and ) Tj ET Q q 0 0 0 rg BT 433.39 149.00 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 470.88 149.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 503.38 149.00 Td ($80 ) Tj ET Q q 0 0 0 rg BT 520.88 149.00 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 125.00 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 97.00 125.00 Td (Million ) Tj ET Q q 0 0 0 rg BT 130.07 125.00 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 183.69 125.00 Td (Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.00 Td (On ) Tj ET Q q 0 0 0 rg BT 86.36 101.00 Td (December ) Tj ET Q q 0 0 0 rg BT 129.57 101.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 139.21 101.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 163.84 101.00 Td (we ) Tj ET Q q 0 0 0 rg BT 177.63 101.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 209.19 101.00 Td (into ) Tj ET Q q 0 0 0 rg BT 226.88 101.00 Td (a ) Tj ET Q q 0 0 0 rg BT 233.46 101.00 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 258.09 101.00 Td (million ) Tj ET Q q 0 0 0 rg BT 289.11 101.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 331.79 101.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 351.14 101.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 381.59 101.00 Td (with ) Tj ET Q q 0 0 0 rg BT 401.50 101.00 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 436.77 101.00 Td (As ) Tj ET Q q 0 0 0 rg BT 450.02 101.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.48 101.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 518.70 101.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.70 101.00 Td (, ) Tj ET Q q 0 0 0 rg BT 543.33 101.00 Td (we ) Tj ET Q q 0 0 0 rg BT 557.13 101.00 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 57.39 89.00 Td (repaid ) Tj ET Q q 0 0 0 rg BT 84.87 89.00 Td (this ) Tj ET Q q 0 0 0 rg BT 101.82 89.00 Td (loan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 65.00 Td ($195 ) Tj ET Q q 0 0 0 rg BT 94.50 65.00 Td (Million ) Tj ET Q q 0 0 0 rg BT 127.57 65.00 Td (Related ) Tj ET Q q 0 0 0 rg BT 161.17 65.00 Td (Party ) Tj ET Q q 0 0 0 rg BT 185.89 65.00 Td (Loan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (On ) Tj ET Q q 0 0 0 rg BT 86.98 749.10 Td (June28, ) Tj ET Q q 0 0 0 rg BT 123.06 749.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 148.32 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.40 749.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 199.36 749.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 231.55 749.10 Td (entity) Tj ET Q q 0 0 0 rg BT 253.67 749.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.93 749.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 275.79 749.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.54 749.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 304.08 749.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 325.72 749.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 357.90 749.10 Td (into ) Tj ET Q q 0 0 0 rg BT 376.21 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.41 749.10 Td ($195 ) Tj ET Q q 0 0 0 rg BT 406.16 749.10 Td (million ) Tj ET Q q 0 0 0 rg BT 437.81 749.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 481.10 749.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 501.07 749.10 Td (from ) Tj ET Q q 0 0 0 rg BT 523.27 749.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 544.36 749.10 Td (Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.40 737.10 Td (be ) Tj ET Q q 0 0 0 rg BT 58.46 737.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 86.07 737.10 Td (at ) Tj ET Q q 0 0 0 rg BT 95.91 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.75 737.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 138.90 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.85 737.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 185.80 737.10 Td (2029 ) Tj ET Q q 0 0 0 rg BT 208.43 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.38 737.10 Td (date ) Tj ET Q q 0 0 0 rg BT 238.66 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.61 737.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 267.78 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.73 737.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.45 737.10 Td (W) Tj ET Q q 0 0 0 rg BT 300.86 737.10 Td (est ) Tj ET Q q 0 0 0 rg BT 314.59 737.10 Td (Linus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.44 737.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 355.48 737.10 Td (The ) Tj ET Q q 0 0 0 rg BT 373.65 737.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 393.49 737.10 Td (does ) Tj ET Q q 0 0 0 rg BT 414.44 737.10 Td (not ) Tj ET Q q 0 0 0 rg BT 429.84 737.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 449.67 737.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 484.23 737.10 Td (however) Tj ET Q q 0 0 0 rg BT 518.26 737.10 Td (, ) Tj ET Q q 0 0 0 rg BT 523.38 737.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 544.34 737.10 Td (Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 71.30 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.05 725.10 Td (right ) Tj ET Q q 0 0 0 rg BT 107.47 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.79 725.10 Td (char) Tj ET Q q 0 0 0 rg BT 134.81 725.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 146.79 725.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 181.08 725.10 Td (The ) Tj ET Q q 0 0 0 rg BT 199.16 725.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 237.23 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.10 725.10 Td (this ) Tj ET Q q 0 0 0 rg BT 265.08 725.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 284.84 725.10 Td (were ) Tj ET Q q 0 0 0 rg BT 306.80 725.10 Td (used ) Tj ET Q q 0 0 0 rg BT 327.67 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.98 725.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 373.84 725.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 405.80 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.56 725.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 466.97 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.84 725.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 492.56 725.10 Td (W) Tj ET Q q 0 0 0 rg BT 499.97 725.10 Td (est ) Tj ET Q q 0 0 0 rg BT 513.61 725.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.85 725.10 Td (. ) Tj ET Q q 0 0 0 rg BT 540.70 725.10 Td (The ) Tj ET Q q 0 0 0 rg BT 558.78 725.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 45.29 713.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 86.22 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.17 713.10 Td (long ) Tj ET Q q 0 0 0 rg BT 117.56 713.10 Td (term ) Tj ET Q q 0 0 0 rg BT 138.50 713.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 158.34 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.73 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 198.55 713.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 227.83 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 240.44 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 256.39 713.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 289.54 713.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 312.70 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 322.54 713.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.24 713.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 381.36 713.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 405.90 713.10 Td (As ) Tj ET Q q 0 0 0 rg BT 419.63 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.57 713.10 Td (December ) Tj ET Q q 0 0 0 rg BT 474.27 713.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 489.39 713.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 514.51 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.34 713.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 69.03 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.86 701.10 Td (this ) Tj ET Q q 0 0 0 rg BT 96.81 701.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 116.53 701.10 Td (was ) Tj ET Q q 0 0 0 rg BT 134.58 701.10 Td ($195 ) Tj ET Q q 0 0 0 rg BT 157.08 701.10 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (NOK ) Tj ET Q q 0 0 0 rg BT 95.61 677.10 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 120.61 677.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 153.68 677.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 183.41 677.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 230.35 677.10 Td (Bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (On ) Tj ET Q q 0 0 0 rg BT 86.91 653.10 Td (October ) Tj ET Q q 0 0 0 rg BT 121.81 653.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 137.01 653.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 162.20 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.55 653.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 228.12 653.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 272.47 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.60 653.10 Td (NOK ) Tj ET Q q 0 0 0 rg BT 303.96 653.10 Td (1,500million ) Tj ET Q q 0 0 0 rg BT 360.54 653.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 387.67 653.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 430.90 653.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 453.59 653.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 476.29 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 496.76 653.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 533.33 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.80 653.10 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 59.95 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.06 641.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 102.51 641.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 121.28 641.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 152.28 641.10 Td (at3-monthsNIBOR ) Tj ET Q q 0 0 0 rg BT 234.95 641.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 253.18 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.18 641.10 Td (mar) Tj ET Q q 0 0 0 rg BT 274.55 641.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 288.89 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.78 641.10 Td (4.40%. ) Tj ET Q q 0 0 0 rg BT 328.33 641.10 Td (A) Tj ET Q q 0 0 0 rg BT 335.00 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.56 641.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 367.01 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.90 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.68 641.10 Td (net ) Tj ET Q q 0 0 0 rg BT 404.46 641.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 441.56 641.10 Td (were ) Tj ET Q q 0 0 0 rg BT 462.55 641.10 Td (used ) Tj ET Q q 0 0 0 rg BT 482.45 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.79 641.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 515.56 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.34 641.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 68.26 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.85 629.10 Td ($169 ) Tj ET Q q 0 0 0 rg BT 101.12 629.10 Td (million ) Tj ET Q q 0 0 0 rg BT 132.28 629.10 Td (under ) Tj ET Q q 0 0 0 rg BT 157.31 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.90 629.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 206.27 629.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 250.20 629.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 277.46 629.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 307.36 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.13 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.83 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.31 629.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 386.12 629.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 423.92 629.10 Td (were ) Tj ET Q q 0 0 0 rg BT 445.61 629.10 Td (used ) Tj ET Q q 0 0 0 rg BT 466.21 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.25 629.10 Td (repay) Tj ET Q q 0 0 0 rg BT 497.81 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 502.57 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 512.62 629.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 532.93 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 548.52 629.10 Td ($2,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 68.14 617.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 96.39 617.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 130.74 617.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 174.54 617.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 201.67 617.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 231.58 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 236.06 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 253.75 617.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 279.78 617.10 Td (were ) Tj ET Q q 0 0 0 rg BT 301.34 617.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 325.15 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.29 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.64 617.10 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 372.67 617.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 397.59 617.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 439.15 617.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 485.73 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.65 617.10 Td (December ) Tj ET Q q 0 0 0 rg BT 538.87 617.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 553.51 617.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 578.51 617.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td ($475 ) Tj ET Q q 0 0 0 rg BT 94.50 593.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 127.57 593.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 155.62 593.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.52 569.10 Td (June ) Tj ET Q q 0 0 0 rg BT 105.04 569.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 130.72 569.10 Td (we ) Tj ET Q q 0 0 0 rg BT 145.57 569.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 178.18 569.10 Td (into ) Tj ET Q q 0 0 0 rg BT 196.93 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.55 569.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 223.29 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.91 569.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 282.96 569.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 327.79 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.64 569.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.04 569.10 Td (W) Tj ET Q q 0 0 0 rg BT 365.45 569.10 Td (est ) Tj ET Q q 0 0 0 rg BT 379.75 569.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.98 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.17 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.13 569.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 443.00 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.18 569.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 472.15 569.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 494.22 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.85 569.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 546.14 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.66 569.10 Td (Ship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 70.33 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 97.44 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 111.77 557.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 159.98 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.98 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.90 557.10 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 199.73 557.10 Td (In ) Tj ET Q q 0 0 0 rg BT 210.73 557.10 Td (October ) Tj ET Q q 0 0 0 rg BT 245.61 557.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 270.78 557.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 287.64 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.31 557.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 315.76 557.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 334.82 557.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 366.91 557.10 Td (into ) Tj ET Q q 0 0 0 rg BT 385.14 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.25 557.10 Td ($475 ) Tj ET Q q 0 0 0 rg BT 414.92 557.10 Td (million ) Tj ET Q q 0 0 0 rg BT 446.48 557.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 479.69 557.10 Td (term ) Tj ET Q q 0 0 0 rg BT 500.69 557.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 520.57 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.68 557.10 Td (revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 61.55 545.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 92.67 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.23 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.46 545.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 161.02 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.14 545.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 198.26 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.83 545.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 244.94 545.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 277.15 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.16 545.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 338.83 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.95 545.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.96 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 372.37 545.10 Td (est ) Tj ET Q q 0 0 0 rg BT 386.27 545.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.50 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 413.79 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 441.02 545.10 Td (has ) Tj ET Q q 0 0 0 rg BT 457.14 545.10 Td (been ) Tj ET Q q 0 0 0 rg BT 478.81 545.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 513.26 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 524.38 545.10 Td (security) Tj ET Q q 0 0 0 rg BT 555.38 545.10 Td (. ) Tj ET Q q 0 0 0 rg BT 560.47 545.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 66.63 533.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 90.04 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 121.79 533.10 Td (at ) Tj ET Q q 0 0 0 rg BT 131.31 533.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 163.62 533.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 182.61 533.10 Td (2.75% ) Tj ET Q q 0 0 0 rg BT 210.75 533.10 Td (per ) Tj ET Q q 0 0 0 rg BT 225.83 533.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 255.35 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.10 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.08 533.10 Td (repayable ) Tj ET Q q 0 0 0 rg BT 322.26 533.10 Td (over ) Tj ET Q q 0 0 0 rg BT 342.34 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.09 533.10 Td (term ) Tj ET Q q 0 0 0 rg BT 369.72 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.36 533.10 Td (five ) Tj ET Q q 0 0 0 rg BT 398.22 533.10 Td (years ) Tj ET Q q 0 0 0 rg BT 421.63 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 441.72 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.47 533.10 Td (balloon ) Tj ET Q q 0 0 0 rg BT 480.78 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.42 533.10 Td ($192 ) Tj ET Q q 0 0 0 rg BT 513.73 533.10 Td (million ) Tj ET Q q 0 0 0 rg BT 544.93 533.10 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 45.85 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 60.69 521.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 97.20 521.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 118.79 521.10 Td (There ) Tj ET Q q 0 0 0 rg BT 144.74 521.10 Td (were ) Tj ET Q q 0 0 0 rg BT 166.80 521.10 Td (no ) Tj ET Q q 0 0 0 rg BT 179.42 521.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 215.94 521.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 243.56 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.52 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.47 521.10 Td (December ) Tj ET Q q 0 0 0 rg BT 309.19 521.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 324.32 521.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 349.44 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.07 521.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 368.93 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.56 521.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 396.97 521.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 429.02 521.10 Td (into ) Tj ET Q q 0 0 0 rg BT 447.21 521.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 479.27 521.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 496.88 521.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 520.06 521.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 568.22 521.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (July ) Tj ET Q q 0 0 0 rg BT 54.34 509.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 76.00 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.45 509.10 Td (order ) Tj ET Q q 0 0 0 rg BT 108.21 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.66 509.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 152.09 509.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 189.86 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.30 509.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 242.07 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.51 509.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 270.95 509.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 294.84 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 308.16 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 333.71 509.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 364.81 509.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 404.80 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 416.46 509.10 Td (this ) Tj ET Q q 0 0 0 rg BT 432.58 509.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 453.84 509.10 Td (These ) Tj ET Q q 0 0 0 rg BT 479.39 509.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 505.50 509.10 Td (have ) Tj ET Q q 0 0 0 rg BT 526.04 509.10 Td (an ) Tj ET Q q 0 0 0 rg BT 537.14 509.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 71.60 497.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 104.42 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.58 497.10 Td ($245.5 ) Tj ET Q q 0 0 0 rg BT 145.91 497.10 Td (million ) Tj ET Q q 0 0 0 rg BT 177.63 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 198.23 497.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 221.61 497.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.87 497.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 275.57 497.10 Td (between ) Tj ET Q q 0 0 0 rg BT 311.71 497.10 Td (1.8% ) Tj ET Q q 0 0 0 rg BT 335.37 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.64 497.10 Td (2.0% ) Tj ET Q q 0 0 0 rg BT 376.29 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.90 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.16 497.10 Td (term ) Tj ET Q q 0 0 0 rg BT 425.32 497.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 458.69 497.10 Td (between ) Tj ET Q q 0 0 0 rg BT 494.83 497.10 Td (December ) Tj ET Q q 0 0 0 rg BT 538.74 497.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 561.57 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (December ) Tj ET Q q 0 0 0 rg BT 79.70 485.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 104.82 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.44 485.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 124.30 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.92 485.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 152.32 485.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 171.33 485.10 Td (became ) Tj ET Q q 0 0 0 rg BT 204.48 485.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 237.09 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.49 485.10 Td (draw ) Tj ET Q q 0 0 0 rg BT 270.10 485.10 Td (down ) Tj ET Q q 0 0 0 rg BT 294.94 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.56 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.39 485.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 342.23 485.10 Td (when ) Tj ET Q q 0 0 0 rg BT 366.51 485.10 Td (it ) Tj ET Q q 0 0 0 rg BT 374.69 485.10 Td (took ) Tj ET Q q 0 0 0 rg BT 395.08 485.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 430.47 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.42 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.25 485.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 469.98 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.38 485.10 Td (February ) Tj ET Q q 0 0 0 rg BT 519.10 485.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 541.72 485.10 Td (at ) Tj ET Q q 0 0 0 rg BT 551.55 485.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (time ) Tj ET Q q 0 0 0 rg BT 56.27 473.10 Td (it ) Tj ET Q q 0 0 0 rg BT 64.33 473.10 Td (drew ) Tj ET Q q 0 0 0 rg BT 86.82 473.10 Td (down ) Tj ET Q q 0 0 0 rg BT 111.54 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.26 473.10 Td (full ) Tj ET Q q 0 0 0 rg BT 142.65 473.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 175.14 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.97 473.10 Td ($475 ) Tj ET Q q 0 0 0 rg BT 208.47 473.10 Td (million. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td ($600 ) Tj ET Q q 0 0 0 rg BT 94.50 449.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 127.57 449.10 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 155.90 449.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 185.63 449.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 232.57 449.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 258.40 449.10 Td (due ) Tj ET Q q 0 0 0 rg BT 275.90 449.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.28 425.10 Td (January ) Tj ET Q q 0 0 0 rg BT 117.32 425.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 142.77 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 157.37 425.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 201.97 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.13 425.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 253.95 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.23 425.10 Td ($600 ) Tj ET Q q 0 0 0 rg BT 288.18 425.10 Td (million ) Tj ET Q q 0 0 0 rg BT 320.01 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.74 425.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 372.54 425.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 411.03 425.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 443.97 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.25 425.10 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 484.03 425.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 511.41 425.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 554.89 425.10 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 52.29 413.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 76.50 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 413.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.42 413.10 Td (used ) Tj ET Q q 0 0 0 rg BT 111.60 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.66 413.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 148.62 413.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 186.01 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.19 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.25 413.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 236.54 413.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 278.92 413.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 301.88 413.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 337.60 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.11 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.17 413.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 414.22 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.40 413.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 477.90 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.19 413.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 539.90 413.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 52.87 401.10 Td (general ) Tj ET Q q 0 0 0 rg BT 84.72 401.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 124.91 401.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 165.39 401.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 198.92 401.10 Td (has ) Tj ET Q q 0 0 0 rg BT 214.69 401.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 257.65 401.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 317.84 401.10 Td (27.5% ) Tj ET Q q 0 0 0 rg BT 346.10 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.86 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.51 401.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 412.80 401.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 450.78 401.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 483.20 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.96 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.61 401.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 535.48 401.10 Td (unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 61.25 389.10 Td (An ) Tj ET Q q 0 0 0 rg BT 75.58 389.10 Td (application ) Tj ET Q q 0 0 0 rg BT 122.11 389.10 Td (has ) Tj ET Q q 0 0 0 rg BT 137.55 389.10 Td (been ) Tj ET Q q 0 0 0 rg BT 158.53 389.10 Td (made ) Tj ET Q q 0 0 0 rg BT 182.29 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.06 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.38 389.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 233.60 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.48 389.10 Td (be ) Tj ET Q q 0 0 0 rg BT 255.02 389.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 278.79 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.90 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.22 389.10 Td (Irish ) Tj ET Q q 0 0 0 rg BT 325.66 389.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 350.54 389.10 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 394.42 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 412.07 389.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 451.94 389.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 494.60 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.92 389.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 535.46 389.10 Td (unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 61.32 377.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 98.85 377.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 144.71 377.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.90 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.54 377.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 246.73 377.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 290.92 377.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 312.63 377.10 Td (among ) Tj ET Q q 0 0 0 rg BT 344.05 377.10 Td (other ) Tj ET Q q 0 0 0 rg BT 368.80 377.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 399.96 377.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 431.93 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.47 377.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 479.22 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.21 377.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 509.86 377.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 555.45 377.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 92.75 365.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 115.88 365.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 139.86 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.89 365.10 Td (make ) Tj ET Q q 0 0 0 rg BT 181.13 365.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 210.93 365.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 263.79 365.10 Td (In ) Tj ET Q q 0 0 0 rg BT 274.71 365.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 312.57 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.38 365.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 367.74 365.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 410.87 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.68 365.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 452.71 365.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 495.84 365.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 519.54 365.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 555.45 365.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 80.84 353.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 108.74 353.10 Td (including ) Tj ET Q q 0 0 0 rg BT 149.69 353.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 180.08 353.10 Td (events ) Tj ET Q q 0 0 0 rg BT 208.81 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.32 353.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 253.77 353.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 276.95 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.35 353.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 339.38 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.90 353.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 381.02 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.42 353.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 420.71 353.10 Td (may ) Tj ET Q q 0 0 0 rg BT 441.11 353.10 Td (be ) Tj ET Q q 0 0 0 rg BT 453.73 353.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 490.77 353.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 543.94 353.10 Td (due ) Tj ET Q q 0 0 0 rg BT 561.56 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (payable.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 117.84 293.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 160.90 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.74 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.69 293.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 214.51 293.10 Td (facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.30 269.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 113.81 269.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 149.99 269.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 188.93 269.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 220.12 269.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.84 269.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 300.95 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 318.24 269.10 Td (main ) Tj ET Q q 0 0 0 rg BT 339.98 269.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 376.71 269.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 418.44 269.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 459.06 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.59 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.67 269.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 517.08 269.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 541.59 269.10 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 50.71 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.54 257.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 233.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 150.50 233.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 186.90 233.10 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 240.21 233.10 Td (which ) Tj ET Q q 0 0 0 rg BT 267.15 233.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 301.85 233.10 Td (us ) Tj ET Q q 0 0 0 rg BT 313.24 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.52 233.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 361.01 233.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.28 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.22 233.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 418.49 233.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 466.53 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.36 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 487.08 233.10 Td (least ) Tj ET Q q 0 0 0 rg BT 507.90 233.10 Td ($75 ) Tj ET Q q 0 0 0 rg BT 525.40 233.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 221.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 150.55 221.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 182.52 221.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 221.14 221.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 242.01 221.10 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 295.36 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 322.34 221.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 357.09 221.10 Td (us ) Tj ET Q q 0 0 0 rg BT 368.52 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.84 221.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 416.37 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.35 221.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 444.21 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.08 221.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 491.19 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.73 221.10 Td (\(described ) Tj ET Q q 0 0 0 rg BT 537.92 221.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 568.23 221.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 209.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.93 209.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 174.64 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.47 209.10 Td (at ) Tj ET Q q 0 0 0 rg BT 195.19 209.10 Td (least ) Tj ET Q q 0 0 0 rg BT 216.01 209.10 Td (3:1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 197.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 142.13 197.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 164.04 197.10 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 218.43 197.10 Td (which ) Tj ET Q q 0 0 0 rg BT 246.45 197.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 282.24 197.10 Td (us ) Tj ET Q q 0 0 0 rg BT 294.71 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.07 197.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 344.64 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.66 197.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 374.57 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.48 197.10 Td (current ) Tj ET Q q 0 0 0 rg BT 418.38 197.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 445.29 197.10 Td (\(excluding, ) Tj ET Q q 0 0 0 rg BT 494.13 197.10 Td (among ) Tj ET Q q 0 0 0 rg BT 524.93 197.10 Td (other ) Tj ET Q q 0 0 0 rg BT 549.06 197.10 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 185.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 149.39 185.10 Td (cash\), ) Tj ET Q q 0 0 0 rg BT 175.49 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.77 185.10 Td (current ) Tj ET Q q 0 0 0 rg BT 216.58 185.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 256.30 185.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 301.56 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.28 185.10 Td (current ) Tj ET Q q 0 0 0 rg BT 347.10 185.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 378.48 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.31 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.14 185.10 Td (long ) Tj ET Q q 0 0 0 rg BT 425.42 185.10 Td (term ) Tj ET Q q 0 0 0 rg BT 446.25 185.10 Td (debt\) ) Tj ET Q q 0 0 0 rg BT 469.29 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.12 185.10 Td (at ) Tj ET Q q 0 0 0 rg BT 489.84 185.10 Td (least ) Tj ET Q q 0 0 0 rg BT 510.67 185.10 Td (1:1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 173.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 136.92 173.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 157.50 173.10 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 210.56 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 237.25 173.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 271.71 173.10 Td (us ) Tj ET Q q 0 0 0 rg BT 282.86 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.89 173.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 330.13 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.83 173.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 357.40 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.99 173.10 Td (total ) Tj ET Q q 0 0 0 rg BT 388.01 173.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 415.26 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.29 173.10 Td (total ) Tj ET Q q 0 0 0 rg BT 445.32 173.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 470.91 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.49 173.10 Td (at ) Tj ET Q q 0 0 0 rg BT 490.96 173.10 Td (least ) Tj ET Q q 0 0 0 rg BT 511.54 173.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 532.12 173.10 Td (throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 161.10 Td (201) Tj ET Q q 0 0 0 rg BT 122.63 161.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 130.32 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.45 161.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 168.47 161.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 206.22 161.10 Td (. ) Tj ET Q q 0 0 0 rg BT 211.41 161.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 233.55 161.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 261.24 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.37 161.10 Td (total ) Tj ET Q q 0 0 0 rg BT 298.84 161.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 324.86 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 339.76 161.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 375.77 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.13 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.04 161.10 Td (dif) Tj ET Q q 0 0 0 rg BT 415.96 161.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 448.07 161.10 Td (between ) Tj ET Q q 0 0 0 rg BT 484.08 161.10 Td (book ) Tj ET Q q 0 0 0 rg BT 506.77 161.10 Td (value ) Tj ET Q q 0 0 0 rg BT 531.12 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.25 161.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 149.10 Td (values ) Tj ET Q q 0 0 0 rg BT 136.05 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.88 149.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 178.82 149.10 Td (units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 137.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 146.95 137.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 167.04 137.10 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 219.61 137.10 Td (which ) Tj ET Q q 0 0 0 rg BT 245.81 137.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 279.78 137.10 Td (us ) Tj ET Q q 0 0 0 rg BT 290.44 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.98 137.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 336.73 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.93 137.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 363.01 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.11 137.10 Td (net ) Tj ET Q q 0 0 0 rg BT 387.08 137.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 406.06 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.60 137.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 451.71 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.47 137.10 Td (\(described ) Tj ET Q q 0 0 0 rg BT 496.88 137.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 526.41 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.50 137.10 Td (no ) Tj ET Q q 0 0 0 rg BT 548.26 137.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 125.10 Td (than ) Tj ET Q q 0 0 0 rg BT 127.66 125.10 Td (5:1 ) Tj ET Q q 0 0 0 rg BT 142.87 125.10 Td (until ) Tj ET Q q 0 0 0 rg BT 163.65 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.52 125.10 Td (including ) Tj ET Q q 0 0 0 rg BT 220.74 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.39 125.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 262.27 125.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 293.02 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.79 125.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 328.73 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.61 125.10 Td (not ) Tj ET Q q 0 0 0 rg BT 360.83 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.04 125.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 401.24 125.10 Td (4.5:1 ) Tj ET Q q 0 0 0 rg BT 423.95 125.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 461.70 125.10 Td (. ) Tj ET Q q 0 0 0 rg BT 466.64 125.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 483.52 125.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 503.18 125.10 Td (is ) Tj ET Q q 0 0 0 rg BT 512.28 125.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 555.25 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 566.02 125.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 113.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.93 113.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 172.42 113.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 192.14 113.10 Td (less ) Tj ET Q q 0 0 0 rg BT 209.64 113.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 229.90 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.84 113.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.11 113.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 315.15 113.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 357.09 113.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 398.48 113.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 434.87 113.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 89.10 Td (main ) Tj ET Q q 0 0 0 rg BT 112.54 89.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.02 89.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 192.51 89.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 233.88 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.16 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.99 89.10 Td (NOK ) Tj ET Q q 0 0 0 rg BT 284.15 89.10 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 309.15 89.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 341.66 89.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 370.27 89.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 415.53 89.10 Td (Bond ) Tj ET Q q 0 0 0 rg BT 439.70 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 454.40 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 465.23 89.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 65.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 65.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 136.67 65.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 156.99 65.10 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 209.80 65.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.24 65.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 270.45 65.10 Td (us ) Tj ET Q q 0 0 0 rg BT 281.34 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.12 65.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 328.11 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.55 65.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 354.88 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.21 65.10 Td (total ) Tj ET Q q 0 0 0 rg BT 384.99 65.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 411.98 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.76 65.10 Td (total ) Tj ET Q q 0 0 0 rg BT 441.54 65.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 466.87 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.20 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 486.42 65.10 Td (least ) Tj ET Q q 0 0 0 rg BT 506.74 65.10 Td (30%. ) Tj ET Q q 0 0 0 rg BT 529.57 65.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 551.02 65.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.94 53.10 Td (total ) Tj ET Q q 0 0 0 rg BT 145.21 53.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 171.04 53.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.75 53.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 221.57 53.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.73 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.45 53.10 Td (dif) Tj ET Q q 0 0 0 rg BT 261.38 53.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 293.29 53.10 Td (between ) Tj ET Q q 0 0 0 rg BT 329.11 53.10 Td (book ) Tj ET Q q 0 0 0 rg BT 351.61 53.10 Td (value ) Tj ET Q q 0 0 0 rg BT 375.76 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.70 53.10 Td (market ) Tj ET Q q 0 0 0 rg BT 422.97 53.10 Td (values ) Tj ET Q q 0 0 0 rg BT 451.01 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.84 53.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 493.79 53.10 Td (units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 41.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 41.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 150.50 41.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 186.90 41.10 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 240.21 41.10 Td (which ) Tj ET Q q 0 0 0 rg BT 267.15 41.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 301.85 41.10 Td (us ) Tj ET Q q 0 0 0 rg BT 313.24 41.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.52 41.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 361.01 41.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.28 41.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.22 41.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 418.49 41.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 466.53 41.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.36 41.10 Td (at ) Tj ET Q q 0 0 0 rg BT 487.08 41.10 Td (least ) Tj ET Q q 0 0 0 rg BT 507.90 41.10 Td ($75 ) Tj ET Q q 0 0 0 rg BT 525.40 41.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 737.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.05 737.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 115.32 737.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 152.24 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.18 737.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 195.57 737.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 227.51 737.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 271.66 737.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 314.14 737.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 356.63 737.10 Td (which ) Tj ET Q q 0 0 0 rg BT 383.57 737.10 Td (may ) Tj ET Q q 0 0 0 rg BT 403.28 737.10 Td (limit, ) Tj ET Q q 0 0 0 rg BT 427.18 737.10 Td (among ) Tj ET Q q 0 0 0 rg BT 456.89 737.10 Td (other ) Tj ET Q q 0 0 0 rg BT 479.94 737.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 509.39 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.22 737.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 553.27 737.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 713.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 131.05 713.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 173.54 713.10 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 701.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 124.39 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.10 701.10 Td (mortgaged ) Tj ET Q q 0 0 0 rg BT 184.37 701.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 216.31 701.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 232.42 701.10 Td (if ) Tj ET Q q 0 0 0 rg BT 241.03 701.10 Td (applicable;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 689.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 689.10 Td (make ) Tj ET Q q 0 0 0 rg BT 132.16 689.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 174.65 689.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 224.92 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 235.75 689.10 Td (acquisitions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 677.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 125.82 677.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 168.08 677.10 Td (if ) Tj ET Q q 0 0 0 rg BT 177.57 677.10 Td (there ) Tj ET Q q 0 0 0 rg BT 200.93 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 210.98 677.10 Td (an ) Tj ET Q q 0 0 0 rg BT 223.79 677.10 Td (event ) Tj ET Q q 0 0 0 rg BT 248.83 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.54 677.10 Td (default ) Tj ET Q q 0 0 0 rg BT 291.68 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.39 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.98 677.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 361.22 677.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.59 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.30 677.10 Td (such ) Tj ET Q q 0 0 0 rg BT 428.01 677.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 470.27 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 485.86 677.10 Td (more ) Tj ET Q q 0 0 0 rg BT 509.78 677.10 Td (than ) Tj ET Q q 0 0 0 rg BT 530.38 677.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 552.09 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.79 677.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 665.10 Td (Company) Tj ET Q q 0 0 0 rg BT 149.67 665.10 Td (s ) Tj ET Q q 0 0 0 rg BT 156.06 665.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 192.17 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.67 665.10 Td (\(described ) Tj ET Q q 0 0 0 rg BT 238.81 665.10 Td (below\); ) Tj ET Q q 0 0 0 rg BT 271.86 665.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 653.10 Td (ef) Tj ET Q q 0 0 0 rg BT 115.59 653.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 133.07 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.01 653.10 Td (change ) Tj ET Q q 0 0 0 rg BT 170.83 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.66 653.10 Td (control ) Tj ET Q q 0 0 0 rg BT 212.48 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.76 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.48 653.10 Td (Company) Tj ET Q q 0 0 0 rg BT 275.71 653.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.96 629.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 109.34 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.41 629.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 151.69 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.76 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.27 629.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 228.54 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.61 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.23 629.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 273.73 629.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 321.55 629.10 Td (could ) Tj ET Q q 0 0 0 rg BT 346.06 629.10 Td (result ) Tj ET Q q 0 0 0 rg BT 370.57 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.63 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.36 629.10 Td (default ) Tj ET Q q 0 0 0 rg BT 417.41 629.10 Td (under ) Tj ET Q q 0 0 0 rg BT 442.47 629.10 Td (those ) Tj ET Q q 0 0 0 rg BT 465.87 629.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 513.69 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.42 629.10 Td (under ) Tj ET Q q 0 0 0 rg BT 555.48 629.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 55.72 617.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 103.75 617.10 Td (containing ) Tj ET Q q 0 0 0 rg BT 148.46 617.10 Td (cross-defaults ) Tj ET Q q 0 0 0 rg BT 206.50 617.10 Td (provisions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.05 593.10 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 120.05 593.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 152.56 593.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 181.17 593.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 215.87 593.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 243.37 593.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 276.42 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.59 593.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 318.63 593.10 Td (by:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 569.10 Td (Guarantees ) Tj ET Q q 0 0 0 rg BT 155.48 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.41 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.13 569.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 224.07 569.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 237.68 569.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 270.18 569.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 319.90 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.84 569.10 Td (intra-group ) Tj ET Q q 0 0 0 rg BT 384.32 569.10 Td (charterers ) Tj ET Q q 0 0 0 rg BT 426.24 569.10 Td (\(guarantors\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 557.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 557.10 Td (A) Tj ET Q q 0 0 0 rg BT 114.67 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.17 557.10 Td (first ) Tj ET Q q 0 0 0 rg BT 135.78 557.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 168.27 557.10 Td (share ) Tj ET Q q 0 0 0 rg BT 191.87 557.10 Td (char) Tj ET Q q 0 0 0 rg BT 208.90 557.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 220.84 557.10 Td (over ) Tj ET Q q 0 0 0 rg BT 241.11 557.10 Td (all ) Tj ET Q q 0 0 0 rg BT 253.60 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.43 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.15 557.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 306.64 557.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 334.14 557.10 Td (by ) Tj ET Q q 0 0 0 rg BT 346.64 557.10 Td (each ) Tj ET Q q 0 0 0 rg BT 367.45 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.28 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.00 557.10 Td (guarantors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 545.10 Td (A) Tj ET Q q 0 0 0 rg BT 114.67 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.17 545.10 Td (first ) Tj ET Q q 0 0 0 rg BT 135.78 545.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 168.27 545.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 208.54 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.82 545.10 Td (all ) Tj ET Q q 0 0 0 rg BT 231.31 545.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 271.01 545.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 302.95 545.10 Td (units ) Tj ET Q q 0 0 0 rg BT 324.90 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.84 545.10 Td (any ) Tj ET Q q 0 0 0 rg BT 358.78 545.10 Td (deed ) Tj ET Q q 0 0 0 rg BT 380.15 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.98 545.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 429.58 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.41 545.10 Td (general ) Tj ET Q q 0 0 0 rg BT 472.33 545.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 519.83 545.10 Td (thereto;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 533.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 533.10 Td (A) Tj ET Q q 0 0 0 rg BT 114.67 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.60 533.10 Td (first ) Tj ET Q q 0 0 0 rg BT 136.63 533.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 169.56 533.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 217.48 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.73 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.88 533.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 280.68 533.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.05 533.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 329.85 533.10 Td (out ) Tj ET Q q 0 0 0 rg BT 345.56 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.82 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.96 533.10 Td (use ) Tj ET Q q 0 0 0 rg BT 388.22 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.47 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 410.73 533.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 451.42 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.68 533.10 Td (any ) Tj ET Q q 0 0 0 rg BT 480.05 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.30 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.45 533.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 546.57 533.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 521.10 Td (units;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 509.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 509.10 Td (A) Tj ET Q q 0 0 0 rg BT 114.67 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.17 509.10 Td (first ) Tj ET Q q 0 0 0 rg BT 135.78 509.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 168.27 509.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 215.77 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.60 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.32 509.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 278.24 509.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 308.49 509.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 347.09 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 361.25 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.96 509.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 415.66 509.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 447.60 509.10 Td (units;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 497.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 497.10 Td (A) Tj ET Q q 0 0 0 rg BT 114.67 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.17 497.10 Td (security ) Tj ET Q q 0 0 0 rg BT 151.33 497.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.26 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.54 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.25 497.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 244.63 497.10 Td (accounts; ) Tj ET Q q 0 0 0 rg BT 284.89 497.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 485.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 485.10 Td (A) Tj ET Q q 0 0 0 rg BT 114.67 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.85 485.10 Td (first ) Tj ET Q q 0 0 0 rg BT 135.15 485.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 167.33 485.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 214.50 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.02 485.10 Td (all ) Tj ET Q q 0 0 0 rg BT 237.20 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.71 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.11 485.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 302.61 485.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 335.90 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.52 485.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 390.80 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.31 485.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 441.81 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.78 485.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 482.28 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.79 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.19 485.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 546.57 485.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 473.10 Td (units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.29 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.90 449.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 140.85 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.58 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.19 449.10 Td (above ) Tj ET Q q 0 0 0 rg BT 192.47 449.10 Td (tests, ) Tj ET Q q 0 0 0 rg BT 215.14 449.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 251.25 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.65 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.72 449.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 295.10 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 305.83 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.44 449.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 356.72 449.10 Td (before ) Tj ET Q q 0 0 0 rg BT 384.65 449.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 418.98 449.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 444.43 449.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 496.24 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.08 449.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 566.01 449.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 43.42 437.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 96.94 437.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 119.92 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.56 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.76 437.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 187.18 437.10 Td (period ) Tj ET Q q 0 0 0 rg BT 215.71 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.02 437.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 256.66 437.10 Td (month ) Tj ET Q q 0 0 0 rg BT 285.19 437.10 Td (period ) Tj ET Q q 0 0 0 rg BT 313.72 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.03 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 346.34 437.10 Td (term ) Tj ET Q q 0 0 0 rg BT 367.65 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 377.30 437.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 410.27 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.03 437.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 468.97 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.73 437.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 536.58 437.10 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 86.90 425.10 Td (applied. ) Tj ET Q q 0 0 0 rg BT 121.97 425.10 Td (However) Tj ET Q q 0 0 0 rg BT 158.22 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.85 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.76 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.11 425.10 Td (event ) Tj ET Q q 0 0 0 rg BT 214.90 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.02 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 247.81 425.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 280.37 425.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 298.50 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.96 425.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 324.20 425.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 357.33 425.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 389.35 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.26 425.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 450.60 425.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 486.71 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.84 425.10 Td (available ) Tj ET Q q 0 0 0 rg BT 529.06 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.85 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 559.20 425.10 Td (rigs' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 73.00 413.10 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 119.72 413.10 Td (such ) Tj ET Q q 0 0 0 rg BT 140.61 413.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 176.72 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.28 413.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 200.73 413.10 Td (be ) Tj ET Q q 0 0 0 rg BT 212.73 413.10 Td (included ) Tj ET Q q 0 0 0 rg BT 249.72 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.94 413.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 302.60 413.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 340.71 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.05 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.83 413.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 400.59 413.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 447.04 413.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 497.63 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.63 413.10 Td (if ) Tj ET Q q 0 0 0 rg BT 523.30 413.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 561.52 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 566.58 413.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 82.44 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.35 401.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 133.13 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.70 401.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 170.49 401.10 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 190.28 401.10 Td (months ) Tj ET Q q 0 0 0 rg BT 222.86 401.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 263.21 401.10 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 305.50 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 316.96 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.31 401.10 Td (event ) Tj ET Q q 0 0 0 rg BT 357.10 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 375.23 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 390.02 401.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 422.57 401.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 440.71 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.17 401.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 466.41 401.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 499.54 401.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 545.44 401.10 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 75.98 389.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 112.09 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.86 389.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 156.22 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 170.65 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.63 389.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 218.39 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.94 389.10 Td (base ) Tj ET Q q 0 0 0 rg BT 249.48 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.69 389.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 286.12 389.10 Td (month ) Tj ET Q q 0 0 0 rg BT 314.44 389.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 354.43 389.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 390.54 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.31 389.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 439.95 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 452.72 389.10 Td (future ) Tj ET Q q 0 0 0 rg BT 479.36 389.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 519.34 389.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 555.45 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 558.22 389.10 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 66.66 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.78 377.10 Td (any ) Tj ET Q q 0 0 0 rg BT 93.56 377.10 Td (new ) Tj ET Q q 0 0 0 rg BT 112.56 377.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 126.00 377.10 Td (having ) Tj ET Q q 0 0 0 rg BT 155.56 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.34 377.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 181.89 377.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 211.99 377.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 246.53 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.64 377.10 Td (place ) Tj ET Q q 0 0 0 rg BT 280.08 377.10 Td (at ) Tj ET Q q 0 0 0 rg BT 289.63 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.19 377.10 Td (time ) Tj ET Q q 0 0 0 rg BT 324.30 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.97 377.10 Td (such ) Tj ET Q q 0 0 0 rg BT 355.64 377.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 391.75 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.09 377.10 Td (calculation. ) Tj ET Q q 0 0 0 rg BT 442.79 377.10 Td (Further) Tj ET Q q 0 0 0 rg BT 471.83 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.67 377.10 Td (it ) Tj ET Q q 0 0 0 rg BT 484.56 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.57 377.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 522.56 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 539.89 377.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 576.00 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 57.39 365.10 Td (include ) Tj ET Q q 0 0 0 rg BT 89.32 365.10 Td (any ) Tj ET Q q 0 0 0 rg BT 106.26 365.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 140.40 365.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 164.01 365.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 192.05 365.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 218.45 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.72 365.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 259.54 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.37 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.09 365.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 320.37 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.20 365.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 348.70 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.53 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.24 365.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 409.52 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.35 365.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 447.84 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.12 365.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 471.73 365.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 504.23 365.10 Td (companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 121.90 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 126.92 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 141.09 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 155.82 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.77 341.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 206.93 341.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 254.99 341.10 Td (under ) Tj ET Q q 0 0 0 rg BT 280.28 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.01 341.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 335.29 341.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 368.35 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.64 341.10 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 412.52 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 418.93 341.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 448.95 341.10 Td (million ) Tj ET Q q 0 0 0 rg BT 480.36 341.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 485.36 345.63 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.23 341.10 Td (/) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 493.01 339.67 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.26 341.10 Td (% ) Tj ET Q q 0 0 0 rg BT 507.10 341.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 535.73 341.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 561.57 341.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 59.15 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 76.74 329.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 99.89 329.10 Td (million ) Tj ET Q q 0 0 0 rg BT 131.93 329.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 136.93 333.63 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.80 329.10 Td (/) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 144.58 327.67 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.83 329.10 Td (% ) Tj ET Q q 0 0 0 rg BT 159.31 329.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 188.57 329.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 215.05 329.10 Td (due ) Tj ET Q q 0 0 0 rg BT 232.63 329.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 258.06 329.10 Td (While ) Tj ET Q q 0 0 0 rg BT 285.64 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 300.45 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 315.81 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 331.73 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.32 329.10 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 380.79 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.27 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.63 329.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 431.89 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.37 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.96 329.10 Td (party ) Tj ET Q q 0 0 0 rg BT 474.65 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.58 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.95 329.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 545.75 329.10 Td (thereto, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 70.49 317.10 Td (has ) Tj ET Q q 0 0 0 rg BT 87.21 317.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 117.25 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.41 317.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 154.01 317.10 Td (us ) Tj ET Q q 0 0 0 rg BT 166.29 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.46 317.10 Td (comport ) Tj ET Q q 0 0 0 rg BT 214.17 317.10 Td (with ) Tj ET Q q 0 0 0 rg BT 235.34 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.94 317.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 298.76 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.15 317.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 357.18 317.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 412.23 317.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 454.49 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.65 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.26 317.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 524.16 317.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 573.50 317.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 68.88 305.10 Td (may ) Tj ET Q q 0 0 0 rg BT 87.88 305.10 Td (use ) Tj ET Q q 0 0 0 rg BT 102.99 305.10 Td (its ) Tj ET Q q 0 0 0 rg BT 114.21 305.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 153.19 305.10 Td (over ) Tj ET Q q 0 0 0 rg BT 172.74 305.10 Td (us ) Tj ET Q q 0 0 0 rg BT 183.41 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.97 305.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 222.51 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.62 305.10 Td (ability) Tj ET Q q 0 0 0 rg BT 262.52 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.80 305.10 Td (among ) Tj ET Q q 0 0 0 rg BT 295.80 305.10 Td (other ) Tj ET Q q 0 0 0 rg BT 318.12 305.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 346.85 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.41 305.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 378.73 305.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 420.50 305.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 442.00 305.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 458.22 305.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 498.88 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.99 305.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 530.77 305.10 Td (guarantees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (if ) Tj ET Q q 0 0 0 rg BT 44.61 293.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 78.21 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 87.38 293.10 Td (required ) Tj ET Q q 0 0 0 rg BT 123.20 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.48 293.10 Td (do ) Tj ET Q q 0 0 0 rg BT 145.98 293.10 Td (so ) Tj ET Q q 0 0 0 rg BT 157.37 293.10 Td (under ) Tj ET Q q 0 0 0 rg BT 182.64 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.35 293.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 222.07 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.90 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.62 293.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 287.88 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.04 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.76 293.10 Td (notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.10 Td (As ) Tj ET Q q 0 0 0 rg BT 85.61 269.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 269.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.03 269.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.03 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.03 269.10 Td (we ) Tj ET Q q 0 0 0 rg BT 194.19 269.10 Td (were ) Tj ET Q q 0 0 0 rg BT 216.12 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.39 269.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 274.98 269.10 Td (with ) Tj ET Q q 0 0 0 rg BT 295.26 269.10 Td (all ) Tj ET Q q 0 0 0 rg BT 307.76 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.59 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.30 269.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 375.79 269.10 Td (under ) Tj ET Q q 0 0 0 rg BT 401.06 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 416.89 269.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 436.60 269.10 Td (agreements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 221.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 116.72 221.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 158.65 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.93 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.65 221.10 Td (cr) Tj ET Q q 0 0 0 rg BT 191.60 221.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 209.10 221.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 239.37 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.65 221.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 266.14 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.64 221.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 293.37 221.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 314.21 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.60 221.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 384.20 221.10 Td (VIE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (On ) Tj ET Q q 0 0 0 rg BT 86.11 197.10 Td (October17, ) Tj ET Q q 0 0 0 rg BT 135.21 197.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 159.60 197.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 176.47 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.36 197.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 203.03 197.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 221.31 197.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 252.62 197.10 Td (into ) Tj ET Q q 0 0 0 rg BT 270.07 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.40 197.10 Td ($475 ) Tj ET Q q 0 0 0 rg BT 298.29 197.10 Td (million ) Tj ET Q q 0 0 0 rg BT 329.08 197.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 361.51 197.10 Td (term ) Tj ET Q q 0 0 0 rg BT 381.72 197.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 400.83 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.16 197.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 457.38 197.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 482.04 197.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 512.25 197.10 Td (with ) Tj ET Q q 0 0 0 rg BT 531.92 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 538.25 197.10 Td (syndicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.61 185.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 72.23 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.29 185.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 102.91 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.41 185.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 163.57 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.19 185.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 188.69 185.10 Td (W) Tj ET Q q 0 0 0 rg BT 196.10 185.10 Td (est ) Tj ET Q q 0 0 0 rg BT 209.49 185.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.72 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.51 185.10 Td (which ) Tj ET Q q 0 0 0 rg BT 263.23 185.10 Td (has ) Tj ET Q q 0 0 0 rg BT 278.84 185.10 Td (been ) Tj ET Q q 0 0 0 rg BT 300.01 185.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 333.95 185.10 Td (as ) Tj ET Q q 0 0 0 rg BT 344.56 185.10 Td (security) Tj ET Q q 0 0 0 rg BT 375.57 185.10 Td (. ) Tj ET Q q 0 0 0 rg BT 380.18 185.10 Td (While ) Tj ET Q q 0 0 0 rg BT 406.90 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 420.85 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 435.34 185.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 452.90 185.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 485.73 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.34 185.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 534.01 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.80 185.10 Td (obligated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.12 173.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 70.66 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.22 173.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 133.11 173.10 Td (under ) Tj ET Q q 0 0 0 rg BT 158.22 173.10 Td (this ) Tj ET Q q 0 0 0 rg BT 175.00 173.10 Td (facility) Tj ET Q q 0 0 0 rg BT 202.67 173.10 Td (, ) Tj ET Q q 0 0 0 rg BT 207.51 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.29 173.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 243.28 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.94 173.10 Td (one ) Tj ET Q q 0 0 0 rg BT 270.72 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.39 173.10 Td (more ) Tj ET Q q 0 0 0 rg BT 304.28 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.95 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.50 173.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 371.83 173.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 413.04 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.15 173.10 Td (this ) Tj ET Q q 0 0 0 rg BT 439.94 173.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 465.04 173.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 495.70 173.10 Td (may ) Tj ET Q q 0 0 0 rg BT 515.26 173.10 Td (have ) Tj ET Q q 0 0 0 rg BT 536.47 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 543.25 173.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 68.48 161.10 Td (af) Tj ET Q q 0 0 0 rg BT 76.07 161.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 93.00 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 104.95 161.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 118.29 161.10 Td (See ) Tj ET Q q 0 0 0 rg BT 134.67 161.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 159.38 161.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 168.82 161.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 187.43 161.10 Td (Information-D. ) Tj ET Q q 0 0 0 rg BT 250.19 161.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 270.48 161.10 Td (Factors-Failure ) Tj ET Q q 0 0 0 rg BT 333.52 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.24 161.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 375.18 161.10 Td (with ) Tj ET Q q 0 0 0 rg BT 394.91 161.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 436.84 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.22 161.10 Td (other ) Tj ET Q q 0 0 0 rg BT 475.71 161.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 519.33 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.05 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 544.33 161.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 46.48 149.10 Td (future ) Tj ET Q q 0 0 0 rg BT 72.52 149.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 91.89 149.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 142.08 149.10 Td (including ) Tj ET Q q 0 0 0 rg BT 182.00 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.38 149.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 222.97 149.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 265.66 149.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 291.42 149.10 Td (could ) Tj ET Q q 0 0 0 rg BT 315.79 149.10 Td (result ) Tj ET Q q 0 0 0 rg BT 340.17 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.10 149.10 Td (cross-defaults ) Tj ET Q q 0 0 0 rg BT 407.79 149.10 Td (under ) Tj ET Q q 0 0 0 rg BT 432.71 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.20 149.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 482.02 149.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 501.39 149.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 551.58 149.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (would ) Tj ET Q q 0 0 0 rg BT 63.50 137.10 Td (have ) Tj ET Q q 0 0 0 rg BT 84.88 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.82 137.10 Td (material ) Tj ET Q q 0 0 0 rg BT 127.07 137.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 160.11 137.10 Td (af) Tj ET Q q 0 0 0 rg BT 167.70 137.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 185.18 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.68 137.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 113.10 Td (main ) Tj ET Q q 0 0 0 rg BT 112.54 113.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.02 113.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 192.51 113.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 233.88 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.16 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.88 113.10 Td ($475 ) Tj ET Q q 0 0 0 rg BT 281.38 113.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 313.88 113.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 341.38 113.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 374.43 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 389.13 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 399.96 113.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 89.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 89.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 128.84 89.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 163.00 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 172.17 89.10 Td (required ) Tj ET Q q 0 0 0 rg BT 207.98 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.26 89.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 255.75 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 276.02 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.96 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.22 89.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 361.27 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.10 89.10 Td (at ) Tj ET Q q 0 0 0 rg BT 381.81 89.10 Td (least ) Tj ET Q q 0 0 0 rg BT 402.64 89.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 420.14 89.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 77.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 77.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 128.84 77.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 163.00 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 172.17 77.10 Td (required ) Tj ET Q q 0 0 0 rg BT 207.98 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.26 77.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 255.75 77.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 289.91 77.10 Td (working ) Tj ET Q q 0 0 0 rg BT 325.74 77.10 Td (capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 65.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 65.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 128.70 65.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 162.71 65.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.74 65.10 Td (required ) Tj ET Q q 0 0 0 rg BT 207.41 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.55 65.10 Td (have ) Tj ET Q q 0 0 0 rg BT 238.79 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.58 65.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 266.27 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.96 65.10 Td (total ) Tj ET Q q 0 0 0 rg BT 297.09 65.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 336.66 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.80 65.10 Td (total ) Tj ET Q q 0 0 0 rg BT 366.93 65.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 392.62 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.31 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 412.88 65.10 Td (least ) Tj ET Q q 0 0 0 rg BT 433.57 65.10 Td (0.8 ) Tj ET Q q 0 0 0 rg BT 448.42 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.56 65.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 473.42 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 483.00 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.57 65.10 Td (end ) Tj ET Q q 0 0 0 rg BT 514.37 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.06 65.10 Td (each ) Tj ET Q q 0 0 0 rg BT 545.73 65.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 573.49 65.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 53.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 53.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 141.60 53.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.77 53.10 Td (required ) Tj ET Q q 0 0 0 rg BT 186.59 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.87 53.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 234.36 53.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.63 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.56 53.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 291.83 53.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 339.88 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.71 53.10 Td (at ) Tj ET Q q 0 0 0 rg BT 360.42 53.10 Td (least ) Tj ET Q q 0 0 0 rg BT 381.25 53.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 403.75 53.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 41.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 41.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 141.60 41.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.77 41.10 Td (required ) Tj ET Q q 0 0 0 rg BT 186.59 41.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.87 41.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 234.36 41.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.30 41.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 277.66 41.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 298.48 41.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.31 41.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 352.37 41.10 Td (4.5 ) Tj ET Q q 0 0 0 rg BT 367.37 41.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.64 41.10 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 749.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 141.60 749.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.77 749.10 Td (required ) Tj ET Q q 0 0 0 rg BT 186.59 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.87 749.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 234.36 749.10 Td (an ) Tj ET Q q 0 0 0 rg BT 246.30 749.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.23 749.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 316.81 749.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 337.64 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.47 749.10 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 363.47 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.75 749.10 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 737.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 737.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 141.60 737.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.77 737.10 Td (required ) Tj ET Q q 0 0 0 rg BT 186.59 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.87 737.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 234.36 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.30 737.10 Td (current ) Tj ET Q q 0 0 0 rg BT 272.11 737.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 292.94 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.77 737.10 Td (at ) Tj ET Q q 0 0 0 rg BT 313.48 737.10 Td (least ) Tj ET Q q 0 0 0 rg BT 334.31 737.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 349.31 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.59 737.10 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 725.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 725.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 140.86 725.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.29 725.10 Td (required ) Tj ET Q q 0 0 0 rg BT 184.37 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.90 725.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 230.65 725.10 Td (an ) Tj ET Q q 0 0 0 rg BT 241.85 725.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 268.61 725.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 288.69 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.78 725.10 Td (at ) Tj ET Q q 0 0 0 rg BT 307.76 725.10 Td (least ) Tj ET Q q 0 0 0 rg BT 327.84 725.10 Td (30%. ) Tj ET Q q 0 0 0 rg BT 350.43 725.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 371.64 725.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 398.39 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.59 725.10 Td (total ) Tj ET Q q 0 0 0 rg BT 434.12 725.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 459.21 725.10 Td (are ) Tj ET Q q 0 0 0 rg BT 473.18 725.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 508.26 725.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.68 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.66 725.10 Td (dif) Tj ET Q q 0 0 0 rg BT 546.59 725.10 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 713.10 Td (between ) Tj ET Q q 0 0 0 rg BT 143.82 713.10 Td (book ) Tj ET Q q 0 0 0 rg BT 166.32 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 190.47 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.41 713.10 Td (market ) Tj ET Q q 0 0 0 rg BT 237.67 713.10 Td (values ) Tj ET Q q 0 0 0 rg BT 265.72 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.55 713.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 308.49 713.10 Td (rigs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 701.10 Td (e ) Tj ET Q q 0 0 0 rg BT 123.37 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 137.88 701.10 Td (required ) Tj ET Q q 0 0 0 rg BT 173.49 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.57 701.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 215.86 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 235.93 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.45 701.10 Td (same ) Tj ET Q q 0 0 0 rg BT 273.29 701.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 315.58 701.10 Td (set ) Tj ET Q q 0 0 0 rg BT 328.98 701.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 350.72 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.79 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.42 701.10 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 406.22 701.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 438.52 701.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 466.93 701.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 501.43 701.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 528.72 701.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 561.57 701.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 689.10 Td (described ) Tj ET Q q 0 0 0 rg BT 148.82 689.10 Td (above.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 665.70 Td (As ) Tj ET Q q 0 0 0 rg BT 84.93 665.70 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 95.22 665.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.88 665.70 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 169.88 665.70 Td (, ) Tj ET Q q 0 0 0 rg BT 174.63 665.70 Td (the ) Tj ET Q q 0 0 0 rg BT 188.61 665.70 Td (Company) Tj ET Q q 0 0 0 rg BT 224.94 665.70 Td (, ) Tj ET Q q 0 0 0 rg BT 229.69 665.70 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 261.61 665.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.70 665.70 Td (Ship ) Tj ET Q q 0 0 0 rg BT 297.50 665.70 Td (Finance ) Tj ET Q q 0 0 0 rg BT 329.95 665.70 Td (were ) Tj ET Q q 0 0 0 rg BT 350.78 665.70 Td (in ) Tj ET Q q 0 0 0 rg BT 360.55 665.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 406.71 665.70 Td (with ) Tj ET Q q 0 0 0 rg BT 425.97 665.70 Td (the ) Tj ET Q q 0 0 0 rg BT 439.95 665.70 Td (bank ) Tj ET Q q 0 0 0 rg BT 460.80 665.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 479.53 665.70 Td (covenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 629.70 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 605.70 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 605.70 Td (e use financial instruments to reduce the risk associated with fluctuations in interest and foreign exchange rates. Most of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.70 Td (these agreements do not qualify for hedge accounting and any changes in the fair values of the financial instruments are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.70 Td (the Consolidated Statement of Operations under "gain/\(loss\) on derivative financial instruments." Our consolidated ) Tj ET Q q 0 0 0 rg BT 498.88 581.70 Td (VIEs have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.70 Td (executed interest rate cash flow hedges in the form of an interest rate swap. ) Tj ET Q q 0 0 0 rg BT 339.31 569.70 Td (The movements in the fair value of this hedging swap are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.70 Td (reflected in "Accumulated other comprehensive income \(loss\).") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 533.70 Td (As of December 31, 2013, we had loss of $16.1 million \(2012: loss of $17.5 million\) in our consolidated statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.70 Td (operations consisting of the following:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 497.70 Td (Inter) Tj ET Q q 0 0 0 rg BT 91.07 497.70 Td (est-rate ) Tj ET Q q 0 0 0 rg BT 124.11 497.70 Td (swap ) Tj ET Q q 0 0 0 rg BT 147.18 497.70 Td (agr) Tj ET Q q 0 0 0 rg BT 160.70 497.70 Td (eements ) Tj ET Q q 0 0 0 rg BT 195.40 497.70 Td (and ) Tj ET Q q 0 0 0 rg BT 212.90 497.70 Td (forwar) Tj ET Q q 0 0 0 rg BT 239.76 497.70 Td (d ) Tj ET Q q 0 0 0 rg BT 247.26 497.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 287.52 497.70 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 461.70 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 461.70 Td (otal realized and unrealized loss on interest-rate swap agreements, not qualified for hedge accounting, and cross currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.70 Td (interest rate swaps, and forward exchange contracts amounted to $15.9 million for the year ended December 31, 2013. ) Tj ET Q q 0 0 0 rg BT 511.77 449.70 Td (The loss is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.70 Td (recognized in the statement of operations as loss on derivative financial instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 413.70 Td (As of December 31, 2013, the Company) Tj ET Q q 0 0 0 rg BT 232.98 413.70 Td (, including the ) Tj ET Q q 0 0 0 rg BT 295.29 413.70 Td (VIE, had entered into interest rate swap contract with a combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.70 Td (outstanding principal amount of $1,345.5 million, as compared to $1,100.0 million at December 31, 2012, at rates between 1.15% per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.70 Td (annum and 2.74% per annum, as compared to 1.15% and 2.74% in 2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 365.70 Td (As of December 31, 2013, we had outstanding cross currency interest rate swaps with principal amount of $253.5 million, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.70 Td (compared to $0 million at December 31, 2012, with maturity dates in October 2018 at rates of 6.18%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.70 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 329.70 Td (As of December 31, 2013, we had forward exchange contracts to sell approximately $124 million, as compared to $170 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.70 Td (million in 2012, in exchange for Norwegian Kroner between January 2014 and June 2014, at exchange rates ranging from NOK5.96 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.70 Td (NOK6.18 per US dollar) Tj ET Q q 0 0 0 rg BT 130.99 305.70 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 282.90 Td (Our) Tj ET Q q 0 0 0 rg BT 53.60 282.90 Td ( ) Tj ET Q q 0 0 0 rg BT 56.10 282.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 86.95 282.90 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 258.90 Td (On ) Tj ET Q q 0 0 0 rg BT 86.72 258.90 Td (February ) Tj ET Q q 0 0 0 rg BT 125.32 258.90 Td (1) Tj ET Q q 0 0 0 rg BT 129.95 258.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 139.95 258.90 Td (201) Tj ET Q q 0 0 0 rg BT 154.58 258.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 164.58 258.90 Td (we ) Tj ET Q q 0 0 0 rg BT 178.74 258.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 206.24 258.90 Td (3,000 ) Tj ET Q q 0 0 0 rg BT 231.24 258.90 Td (common ) Tj ET Q q 0 0 0 rg BT 268.73 258.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 296.22 258.90 Td (to ) Tj ET Q q 0 0 0 rg BT 306.50 258.90 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 340.11 258.90 Td (in ) Tj ET Q q 0 0 0 rg BT 350.38 258.90 Td (connection ) Tj ET Q q 0 0 0 rg BT 396.76 258.90 Td (with ) Tj ET Q q 0 0 0 rg BT 417.03 258.90 Td (our ) Tj ET Q q 0 0 0 rg BT 432.86 258.90 Td (formation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 234.90 Td (On ) Tj ET Q q 0 0 0 rg BT 85.71 234.90 Td (February ) Tj ET Q q 0 0 0 rg BT 123.29 234.90 Td (16, ) Tj ET Q q 0 0 0 rg BT 137.27 234.90 Td (201) Tj ET Q q 0 0 0 rg BT 151.90 234.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 160.89 234.90 Td (we ) Tj ET Q q 0 0 0 rg BT 174.03 234.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 200.52 234.90 Td (50,000,000 ) Tj ET Q q 0 0 0 rg BT 247.00 234.90 Td (common ) Tj ET Q q 0 0 0 rg BT 283.48 234.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.95 234.90 Td (in ) Tj ET Q q 0 0 0 rg BT 319.22 234.90 Td (a ) Tj ET Q q 0 0 0 rg BT 325.14 234.90 Td (private ) Tj ET Q q 0 0 0 rg BT 354.39 234.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 399.74 234.90 Td (exempt ) Tj ET Q q 0 0 0 rg BT 430.66 234.90 Td (from ) Tj ET Q q 0 0 0 rg BT 451.58 234.90 Td (registration ) Tj ET Q q 0 0 0 rg BT 498.61 234.90 Td (under ) Tj ET Q q 0 0 0 rg BT 522.86 234.90 Td (the ) Tj ET Q q 0 0 0 rg BT 536.57 234.90 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 222.90 Td (Act. ) Tj ET Q q 0 0 0 rg BT 72.00 222.90 Td (In ) Tj ET Q q 0 0 0 rg BT 84.42 222.90 Td (March, ) Tj ET Q q 0 0 0 rg BT 117.12 222.90 Td (201) Tj ET Q q 0 0 0 rg BT 131.75 222.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 143.34 222.90 Td (we ) Tj ET Q q 0 0 0 rg BT 159.09 222.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 188.19 222.90 Td (150,000,000 ) Tj ET Q q 0 0 0 rg BT 242.28 222.90 Td (common ) Tj ET Q q 0 0 0 rg BT 281.37 222.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 310.46 222.90 Td (to ) Tj ET Q q 0 0 0 rg BT 322.33 222.90 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 357.53 222.90 Td (in ) Tj ET Q q 0 0 0 rg BT 369.40 222.90 Td (connection ) Tj ET Q q 0 0 0 rg BT 417.37 222.90 Td (with ) Tj ET Q q 0 0 0 rg BT 439.24 222.90 Td (the ) Tj ET Q q 0 0 0 rg BT 455.55 222.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 488.53 222.90 Td (of ) Tj ET Q q 0 0 0 rg BT 500.96 222.90 Td (the ) Tj ET Q q 0 0 0 rg BT 517.27 222.90 Td (North ) Tj ET Q q 0 0 0 rg BT 543.79 222.90 Td (Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 210.90 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 95.43 210.90 Td (in ) Tj ET Q q 0 0 0 rg BT 105.71 210.90 Td (a ) Tj ET Q q 0 0 0 rg BT 112.65 210.90 Td (private ) Tj ET Q q 0 0 0 rg BT 142.91 210.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 189.29 210.90 Td (exempt ) Tj ET Q q 0 0 0 rg BT 221.22 210.90 Td (from ) Tj ET Q q 0 0 0 rg BT 243.16 210.90 Td (registration ) Tj ET Q q 0 0 0 rg BT 291.20 210.90 Td (under ) Tj ET Q q 0 0 0 rg BT 316.47 210.90 Td (the ) Tj ET Q q 0 0 0 rg BT 331.19 210.90 Td (Securities ) Tj ET Q q 0 0 0 rg BT 372.57 210.90 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 186.90 Td (In ) Tj ET Q q 0 0 0 rg BT 82.34 186.90 Td (March ) Tj ET Q q 0 0 0 rg BT 110.46 186.90 Td (2012, ) Tj ET Q q 0 0 0 rg BT 134.97 186.90 Td (we ) Tj ET Q q 0 0 0 rg BT 148.65 186.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 175.66 186.90 Td (30,000,000 ) Tj ET Q q 0 0 0 rg BT 222.67 186.90 Td (common ) Tj ET Q q 0 0 0 rg BT 259.68 186.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 286.69 186.90 Td (in ) Tj ET Q q 0 0 0 rg BT 296.48 186.90 Td (a ) Tj ET Q q 0 0 0 rg BT 302.93 186.90 Td (private ) Tj ET Q q 0 0 0 rg BT 332.71 186.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 378.60 186.90 Td (exempt ) Tj ET Q q 0 0 0 rg BT 410.04 186.90 Td (from ) Tj ET Q q 0 0 0 rg BT 431.50 186.90 Td (registration ) Tj ET Q q 0 0 0 rg BT 479.05 186.90 Td (under ) Tj ET Q q 0 0 0 rg BT 503.84 186.90 Td (the ) Tj ET Q q 0 0 0 rg BT 518.07 186.90 Td (Securities ) Tj ET Q q 0 0 0 rg BT 559.07 186.90 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 174.90 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 174.90 Td (which ) Tj ET Q q 0 0 0 rg BT 73.77 174.90 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 107.37 174.90 Td (purchased ) Tj ET Q q 0 0 0 rg BT 150.41 174.90 Td (15,000,000 ) Tj ET Q q 0 0 0 rg BT 197.91 174.90 Td (common ) Tj ET Q q 0 0 0 rg BT 235.40 174.90 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 150.90 Td (In ) Tj ET Q q 0 0 0 rg BT 82.39 150.90 Td (July ) Tj ET Q q 0 0 0 rg BT 101.11 150.90 Td (201) Tj ET Q q 0 0 0 rg BT 115.74 150.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 122.80 150.90 Td (and ) Tj ET Q q 0 0 0 rg BT 139.30 150.90 Td (September ) Tj ET Q q 0 0 0 rg BT 184.12 150.90 Td (201) Tj ET Q q 0 0 0 rg BT 198.75 150.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 208.30 150.90 Td (we ) Tj ET Q q 0 0 0 rg BT 222.02 150.90 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 272.38 150.90 Td (an ) Tj ET Q q 0 0 0 rg BT 283.88 150.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 324.80 150.90 Td (of ) Tj ET Q q 0 0 0 rg BT 335.19 150.90 Td (2,373,823 ) Tj ET Q q 0 0 0 rg BT 377.24 150.90 Td (common ) Tj ET Q q 0 0 0 rg BT 414.29 150.90 Td (shares, ) Tj ET Q q 0 0 0 rg BT 443.84 150.90 Td (which ) Tj ET Q q 0 0 0 rg BT 470.34 150.90 Td (are ) Tj ET Q q 0 0 0 rg BT 484.60 150.90 Td (held ) Tj ET Q q 0 0 0 rg BT 503.88 150.90 Td (as ) Tj ET Q q 0 0 0 rg BT 514.26 150.90 Td (treasury ) Tj ET Q q 0 0 0 rg BT 548.53 150.90 Td (shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 138.90 Td (at ) Tj ET Q q 0 0 0 rg BT 45.72 138.90 Td (an ) Tj ET Q q 0 0 0 rg BT 57.66 138.90 Td (average ) Tj ET Q q 0 0 0 rg BT 91.24 138.90 Td (price ) Tj ET Q q 0 0 0 rg BT 113.72 138.90 Td (of ) Tj ET Q q 0 0 0 rg BT 124.55 138.90 Td ($7.20 ) Tj ET Q q 0 0 0 rg BT 149.55 138.90 Td (per ) Tj ET Q q 0 0 0 rg BT 164.82 138.90 Td (share ) Tj ET Q q 0 0 0 rg BT 188.42 138.90 Td (based ) Tj ET Q q 0 0 0 rg BT 213.69 138.90 Td (on ) Tj ET Q q 0 0 0 rg BT 226.19 138.90 Td (the ) Tj ET Q q 0 0 0 rg BT 240.91 138.90 Td (Bloomber) Tj ET Q q 0 0 0 rg BT 280.72 138.90 Td (g ) Tj ET Q q 0 0 0 rg BT 288.22 138.90 Td (Composite ) Tj ET Q q 0 0 0 rg BT 334.06 138.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 354.88 138.90 Td (of ) Tj ET Q q 0 0 0 rg BT 365.71 138.90 Td (NOK6.06 ) Tj ET Q q 0 0 0 rg BT 407.38 138.90 Td (per ) Tj ET Q q 0 0 0 rg BT 422.65 138.90 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 447.65 138.90 Td (on ) Tj ET Q q 0 0 0 rg BT 460.15 138.90 Td (December ) Tj ET Q q 0 0 0 rg BT 503.73 138.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 518.73 138.90 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 114.90 Td (On ) Tj ET Q q 0 0 0 rg BT 87.74 114.90 Td (November19, ) Tj ET Q q 0 0 0 rg BT 148.46 114.90 Td (2012, ) Tj ET Q q 0 0 0 rg BT 174.48 114.90 Td (we ) Tj ET Q q 0 0 0 rg BT 189.66 114.90 Td (ef) Tj ET Q q 0 0 0 rg BT 197.25 114.90 Td (fected ) Tj ET Q q 0 0 0 rg BT 225.19 114.90 Td (a ) Tj ET Q q 0 0 0 rg BT 233.14 114.90 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 290.54 114.90 Td (of ) Tj ET Q q 0 0 0 rg BT 302.39 114.90 Td (our ) Tj ET Q q 0 0 0 rg BT 319.23 114.90 Td (common ) Tj ET Q q 0 0 0 rg BT 357.75 114.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 386.25 114.90 Td (through ) Tj ET Q q 0 0 0 rg BT 420.88 114.90 Td (a ) Tj ET Q q 0 0 0 rg BT 428.84 114.90 Td (one-for) Tj ET Q q 0 0 0 rg BT 458.06 114.90 Td (-five ) Tj ET Q q 0 0 0 rg BT 480.46 114.90 Td (reverse ) Tj ET Q q 0 0 0 rg BT 512.84 114.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 537.47 114.90 Td (split. ) Tj ET Q q 0 0 0 rg BT 560.46 114.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 102.90 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 86.11 102.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 112.91 102.90 Td (are ) Tj ET Q q 0 0 0 rg BT 126.92 102.90 Td (held ) Tj ET Q q 0 0 0 rg BT 145.94 102.90 Td (by ) Tj ET Q q 0 0 0 rg BT 157.75 102.90 Td (us ) Tj ET Q q 0 0 0 rg BT 168.45 102.90 Td (as ) Tj ET Q q 0 0 0 rg BT 178.58 102.90 Td (treasury ) Tj ET Q q 0 0 0 rg BT 212.59 102.90 Td (shares. ) Tj ET Q q 0 0 0 rg BT 241.89 102.90 Td (Following ) Tj ET Q q 0 0 0 rg BT 284.81 102.90 Td (this ) Tj ET Q q 0 0 0 rg BT 301.07 102.90 Td (reverse ) Tj ET Q q 0 0 0 rg BT 331.74 102.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 354.65 102.90 Td (split ) Tj ET Q q 0 0 0 rg BT 373.69 102.90 Td (we ) Tj ET Q q 0 0 0 rg BT 387.15 102.90 Td (have ) Tj ET Q q 0 0 0 rg BT 407.83 102.90 Td (230,003,000 ) Tj ET Q q 0 0 0 rg BT 459.64 102.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 486.44 102.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 534.91 102.90 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 90.90 Td (2,373,863 ) Tj ET Q q 0 0 0 rg BT 78.50 90.90 Td (treasury ) Tj ET Q q 0 0 0 rg BT 113.21 90.90 Td (shares, ) Tj ET Q q 0 0 0 rg BT 143.20 90.90 Td (which ) Tj ET Q q 0 0 0 rg BT 170.14 90.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 205.96 90.90 Td (40 ) Tj ET Q q 0 0 0 rg BT 218.46 90.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 245.95 90.90 Td (that ) Tj ET Q q 0 0 0 rg BT 263.45 90.90 Td (were ) Tj ET Q q 0 0 0 rg BT 285.38 90.90 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 336.18 90.90 Td (by ) Tj ET Q q 0 0 0 rg BT 348.68 90.90 Td (us ) Tj ET Q q 0 0 0 rg BT 360.07 90.90 Td (in ) Tj ET Q q 0 0 0 rg BT 370.35 90.90 Td (lieu ) Tj ET Q q 0 0 0 rg BT 387.85 90.90 Td (of ) Tj ET Q q 0 0 0 rg BT 398.68 90.90 Td (issuing ) Tj ET Q q 0 0 0 rg BT 429.52 90.90 Td (fractional ) Tj ET Q q 0 0 0 rg BT 470.33 90.90 Td (shares\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 66.90 Td (On ) Tj ET Q q 0 0 0 rg BT 86.62 66.90 Td (February ) Tj ET Q q 0 0 0 rg BT 125.12 66.90 Td (3, ) Tj ET Q q 0 0 0 rg BT 135.02 66.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 159.92 66.90 Td (we ) Tj ET Q q 0 0 0 rg BT 173.98 66.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 218.02 66.90 Td (our ) Tj ET Q q 0 0 0 rg BT 233.75 66.90 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 287.25 66.90 Td (initial ) Tj ET Q q 0 0 0 rg BT 312.98 66.90 Td (public ) Tj ET Q q 0 0 0 rg BT 340.37 66.90 Td (of) Tj ET Q q 0 0 0 rg BT 348.52 66.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 374.79 66.90 Td (in ) Tj ET Q q 0 0 0 rg BT 384.97 66.90 Td (the ) Tj ET Q q 0 0 0 rg BT 399.59 66.90 Td (United ) Tj ET Q q 0 0 0 rg BT 429.20 66.90 Td (States ) Tj ET Q q 0 0 0 rg BT 455.49 66.90 Td (of ) Tj ET Q q 0 0 0 rg BT 466.22 66.90 Td (13,513,514 ) Tj ET Q q 0 0 0 rg BT 513.62 66.90 Td (common ) Tj ET Q q 0 0 0 rg BT 551.01 66.90 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 54.90 Td (at ) Tj ET Q q 0 0 0 rg BT 45.72 54.90 Td ($9.25 ) Tj ET Q q 0 0 0 rg BT 70.72 54.90 Td (per ) Tj ET Q q 0 0 0 rg BT 85.99 54.90 Td (share.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (On ) Tj ET Q q 0 0 0 rg BT 86.60 749.10 Td (February ) Tj ET Q q 0 0 0 rg BT 125.09 749.10 Td (28, ) Tj ET Q q 0 0 0 rg BT 139.97 749.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 164.85 749.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.89 749.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 222.93 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.64 749.10 Td (of) Tj ET Q q 0 0 0 rg BT 246.79 749.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 260.27 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.43 749.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 310.57 749.10 Td (all ) Tj ET Q q 0 0 0 rg BT 322.95 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.66 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.26 749.10 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 400.07 749.10 Td (common ) Tj ET Q q 0 0 0 rg BT 437.44 749.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 464.82 749.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.20 749.10 Td (we ) Tj ET Q q 0 0 0 rg BT 496.24 749.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 540.84 749.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 568.22 749.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 50.86 737.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.82 737.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 98.34 737.10 Td (private ) Tj ET Q q 0 0 0 rg BT 127.63 737.10 Td (placements ) Tj ET Q q 0 0 0 rg BT 174.14 737.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 199.54 737.10 Td (than ) Tj ET Q q 0 0 0 rg BT 218.28 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.03 737.10 Td (common ) Tj ET Q q 0 0 0 rg BT 268.55 737.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 295.06 737.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 323.25 737.10 Td (by ) Tj ET Q q 0 0 0 rg BT 334.77 737.10 Td (af) Tj ET Q q 0 0 0 rg BT 342.36 737.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 371.10 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.96 737.10 Td (ours\) ) Tj ET Q q 0 0 0 rg BT 403.03 737.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.22 737.10 Td (common ) Tj ET Q q 0 0 0 rg BT 452.74 737.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 479.26 737.10 Td (that ) Tj ET Q q 0 0 0 rg BT 495.78 737.10 Td (have ) Tj ET Q q 0 0 0 rg BT 516.18 737.10 Td (been ) Tj ET Q q 0 0 0 rg BT 536.58 737.10 Td (registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (under ) Tj ET Q q 0 0 0 rg BT 61.27 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.99 725.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 117.37 725.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 136.81 725.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.75 725.10 Td (An ) Tj ET Q q 0 0 0 rg BT 153.48 725.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 194.84 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.67 725.10 Td (53,068,404 ) Tj ET Q q 0 0 0 rg BT 253.17 725.10 Td (common ) Tj ET Q q 0 0 0 rg BT 290.66 725.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 318.15 725.10 Td (were ) Tj ET Q q 0 0 0 rg BT 340.08 725.10 Td (validly ) Tj ET Q q 0 0 0 rg BT 370.36 725.10 Td (tendered ) Tj ET Q q 0 0 0 rg BT 407.28 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.22 725.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 469.47 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.75 725.10 Td (this ) Tj ET Q q 0 0 0 rg BT 496.70 725.10 Td (transaction.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (C. ) Tj ET Q q 0 0 0 rg BT 72.00 677.10 Td ( Resear) Tj ET Q q 0 0 0 rg BT 103.75 677.10 Td (ch and development, patents and licenses, etc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 641.10 Td (e do not undertake any significant expenditure on research and development, and have no significant interests in patents or licenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (D. ) Tj ET Q q 0 0 0 rg BT 72.00 617.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.93 617.10 Td (r) Tj ET Q q 0 0 0 rg BT 82.19 617.10 Td (end information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 593.10 Td (e ) Tj ET Q q 0 0 0 rg BT 86.95 593.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 117.69 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 134.55 593.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 160.85 593.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 173.27 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.58 593.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 204.78 593.10 Td (discoveries ) Tj ET Q q 0 0 0 rg BT 251.64 593.10 Td (together ) Tj ET Q q 0 0 0 rg BT 286.27 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 305.92 593.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 345.00 593.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 365.75 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.28 593.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 412.82 593.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 436.90 593.10 Td (will ) Tj ET Q q 0 0 0 rg BT 454.33 593.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 488.95 593.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 522.48 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 536.01 593.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.90 581.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 105.67 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.91 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 581.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 180.48 581.10 Td (market ) Tj ET Q q 0 0 0 rg BT 211.70 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 223.49 581.10 Td (well ) Tj ET Q q 0 0 0 rg BT 244.16 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 255.95 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.63 581.10 Td (wider ) Tj ET Q q 0 0 0 rg BT 297.86 581.10 Td (North ) Tj ET Q q 0 0 0 rg BT 323.88 581.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 359.56 581.10 Td (Region. ) Tj ET Q q 0 0 0 rg BT 393.64 581.10 Td (A) Tj ET Q q 0 0 0 rg BT 400.31 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.77 581.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 449.44 581.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 496.20 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.99 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.66 581.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 556.57 581.10 Td (units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 74.50 569.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 114.68 569.10 Td (of) Tj ET Q q 0 0 0 rg BT 122.83 569.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 150.23 569.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 184.85 569.10 Td (were ) Tj ET Q q 0 0 0 rg BT 206.69 569.10 Td (built ) Tj ET Q q 0 0 0 rg BT 227.44 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.63 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.26 569.10 Td (1970s, ) Tj ET Q q 0 0 0 rg BT 281.06 569.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 300.41 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 320.60 569.10 Td (an ) Tj ET Q q 0 0 0 rg BT 332.45 569.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 373.73 569.10 Td (lifespan ) Tj ET Q q 0 0 0 rg BT 407.80 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.54 569.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 478.71 569.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 491.12 569.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 517.13 569.10 Td (will ) Tj ET Q q 0 0 0 rg BT 535.10 569.10 Td (need ) Tj ET Q q 0 0 0 rg BT 556.39 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 566.58 569.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 72.33 557.10 Td (with ) Tj ET Q q 0 0 0 rg BT 92.58 557.10 Td (newer ) Tj ET Q q 0 0 0 rg BT 119.47 557.10 Td (units ) Tj ET Q q 0 0 0 rg BT 141.39 557.10 Td (over ) Tj ET Q q 0 0 0 rg BT 161.62 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.31 557.10 Td (next ) Tj ET Q q 0 0 0 rg BT 195.99 557.10 Td (several ) Tj ET Q q 0 0 0 rg BT 226.77 557.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 252.84 557.10 Td (In ) Tj ET Q q 0 0 0 rg BT 263.64 557.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 301.38 557.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 332.17 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.42 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.10 557.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 381.23 557.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 434.24 557.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 466.15 557.10 Td (market ) Tj ET Q q 0 0 0 rg BT 496.38 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.52 557.10 Td (also ) Tj ET Q q 0 0 0 rg BT 524.10 557.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 566.00 557.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 48.28 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 64.44 545.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 79.50 545.10 Td (discoveries ) Tj ET Q q 0 0 0 rg BT 126.21 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.71 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.65 545.10 Td (Barents ) Tj ET Q q 0 0 0 rg BT 181.92 545.10 Td (Sea, ) Tj ET Q q 0 0 0 rg BT 200.58 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.52 545.10 Td (North ) Tj ET Q q 0 0 0 rg BT 239.57 545.10 Td (Sea ) Tj ET Q q 0 0 0 rg BT 255.74 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.90 545.10 Td (of) Tj ET Q q 0 0 0 rg BT 280.05 545.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 306.38 545.10 Td (Arctic ) Tj ET Q q 0 0 0 rg BT 333.09 545.10 Td (Russia. ) Tj ET Q q 0 0 0 rg BT 363.98 545.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 378.49 545.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 422.97 545.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 459.13 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.63 545.10 Td (show ) Tj ET Q q 0 0 0 rg BT 491.47 545.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 522.63 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 536.01 545.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 68.42 533.10 Td (units ) Tj ET Q q 0 0 0 rg BT 90.85 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.27 533.10 Td (ultra-lar) Tj ET Q q 0 0 0 rg BT 140.29 533.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 155.21 533.10 Td (high ) Tj ET Q q 0 0 0 rg BT 175.97 533.10 Td (specification ) Tj ET Q q 0 0 0 rg BT 230.04 533.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 254.68 533.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 308.21 533.10 Td (jack-ups, ) Tj ET Q q 0 0 0 rg BT 347.56 533.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 378.32 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.08 533.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.80 533.10 Td (W) Tj ET Q q 0 0 0 rg BT 411.21 533.10 Td (est ) Tj ET Q q 0 0 0 rg BT 425.30 533.10 Td (Elara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.08 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.99 533.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.71 533.10 Td (W) Tj ET Q q 0 0 0 rg BT 490.12 533.10 Td (est ) Tj ET Q q 0 0 0 rg BT 504.21 533.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.44 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 531.93 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.90 533.10 Td (satisfy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (more ) Tj ET Q q 0 0 0 rg BT 59.08 521.10 Td (stringent ) Tj ET Q q 0 0 0 rg BT 96.61 521.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 128.58 521.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 183.32 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.29 521.10 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 263.38 521.10 Td (host ) Tj ET Q q 0 0 0 rg BT 282.58 521.10 Td (production ) Tj ET Q q 0 0 0 rg BT 328.44 521.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 375.68 521.10 Td (However) Tj ET Q q 0 0 0 rg BT 411.93 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.97 521.10 Td (this ) Tj ET Q q 0 0 0 rg BT 433.95 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 443.15 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.12 521.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 490.42 521.10 Td (small ) Tj ET Q q 0 0 0 rg BT 514.61 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.58 521.10 Td (specialized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 68.13 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.69 509.10 Td (Northern ) Tj ET Q q 0 0 0 rg BT 123.36 509.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 157.58 509.10 Td (area ) Tj ET Q q 0 0 0 rg BT 176.24 509.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 199.92 509.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 252.47 509.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 283.93 509.10 Td (market ) Tj ET Q q 0 0 0 rg BT 313.70 509.10 Td (is ) Tj ET Q q 0 0 0 rg BT 322.39 509.10 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 369.93 509.10 Td (with ) Tj ET Q q 0 0 0 rg BT 389.72 509.10 Td (several ) Tj ET Q q 0 0 0 rg BT 420.05 509.10 Td (of) Tj ET Q q 0 0 0 rg BT 428.20 509.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 455.21 509.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 486.66 509.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 531.44 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.89 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 554.34 509.10 Td (small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (number ) Tj ET Q q 0 0 0 rg BT 69.05 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.88 497.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 111.82 497.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 136.27 497.10 Td (In ) Tj ET Q q 0 0 0 rg BT 147.10 497.10 Td (Norway) Tj ET Q q 0 0 0 rg BT 178.66 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.66 497.10 Td (no ) Tj ET Q q 0 0 0 rg BT 196.16 497.10 Td (of) Tj ET Q q 0 0 0 rg BT 204.31 497.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 231.80 497.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 263.74 497.10 Td (company ) Tj ET Q q 0 0 0 rg BT 302.90 497.10 Td (has ) Tj ET Q q 0 0 0 rg BT 318.73 497.10 Td (more ) Tj ET Q q 0 0 0 rg BT 341.78 497.10 Td (than ) Tj ET Q q 0 0 0 rg BT 361.49 497.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 386.76 497.10 Td (units ) Tj ET Q q 0 0 0 rg BT 408.71 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.99 497.10 Td (operation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (E. ) Tj ET Q q 0 0 0 rg BT 72.00 437.10 Td (Off Balance Sheet ) Tj ET Q q 0 0 0 rg BT 150.60 437.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 413.10 Td (e had no of) Tj ET Q q 0 0 0 rg BT 125.16 413.10 Td (f-balance sheet arrangements as of December 31, 2013 or 2012, other than operating lease obligations and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (commitments in the ordinary course of business that we are contractually obligated to fulfill with cash under certain circumstances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (These commitments include guarantees in favor of banks, suppliers and variable interest entities and guarantees towards third parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (such as surety performance guarantees towards customers as it relates to our drilling contracts, contract bidding, customs duties, tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (appeals and other obligations in various jurisdictions. Obligations under these guarantees are not normally called, as we typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (comply with the underlying performance requirement. ) Tj ET Q q 0 0 0 rg BT 255.10 353.10 Td (As of December 31, 2013, we had not been required to make collateral deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (with respect to these agreements. ) Tj ET Q q 0 0 0 rg BT 170.77 341.10 Td (The maximum potential future payment are summarized in Note 26 in the Consolidated Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (Statements included in this ) Tj ET Q q 0 0 0 rg BT 145.99 329.10 Td (Annual Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (F) Tj ET Q q 0 0 0 rg BT 41.19 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 72.00 281.10 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 263.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 263.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 263.10 Td (, we had the following contractual obligations and commitments*:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 251.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 198.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 198.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 198.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 198.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 198.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 198.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 198.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 198.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 198.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 198.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 168.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 168.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 168.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 168.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 168.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 168.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 168.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 168.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 168.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 168.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 138.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 138.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 138.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 138.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 138.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 138.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 138.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 138.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 138.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 138.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 108.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 108.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 108.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 108.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 108.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 108.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 108.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 108.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 108.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 108.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 78.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 78.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 78.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 78.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 78.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 78.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 78.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 78.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 78.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 78.60 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 227.60000000000002 m 399.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 227.60000000000002 m 404.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 227.60000000000002 m 443.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 227.60000000000002 m 448.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 227.60000000000002 m 487.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 227.60000000000002 m 492.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 227.60000000000002 m 531.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 227.60000000000002 m 536.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 227.60000000000002 m 575.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 198.60000000000002 m 360.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 227.60000000000002 m 399.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 198.60000000000002 m 399.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 227.60000000000002 m 443.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 198.60000000000002 m 443.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 227.60000000000002 m 487.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 198.60000000000002 m 487.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 227.60000000000002 m 531.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 198.60000000000002 m 531.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 198.60000000000002 m 575.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 198.60000000000002 m 399.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 198.60000000000002 m 443.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 198.60000000000002 m 487.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 198.60000000000002 m 531.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 198.60000000000002 m 575.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 63.60000000000002 m 531.5 63.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 63.60000000000002 m 399.5 63.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 48.60000000000002 m 399.5 48.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 63.60000000000002 m 443.5 63.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 48.60000000000002 m 443.5 48.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 63.60000000000002 m 487.5 63.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 48.60000000000002 m 487.5 48.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 63.60000000000002 m 531.5 63.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 48.60000000000002 m 531.5 48.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 63.60000000000002 m 575.5 63.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 48.60000000000002 m 575.5 48.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 231.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 202.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.15 210.83 Td (Lessthan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 202.83 Td (1 year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.00 202.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.15 210.83 Td (1 - 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.35 202.83 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.00 202.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.15 210.83 Td (3 - 5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.35 202.83 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 202.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.45 218.83 Td (After) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.50 210.83 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.35 202.83 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.00 202.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.75 202.83 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 188.27 Td ($2,000 Million Senior Secured Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.10 188.27 Td (166.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 188.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 188.27 Td (333.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 188.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.60 188.27 Td (1,003.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 188.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 188.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 188.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.60 188.27 Td (1,503.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 173.27 Td ($500 Million 7.75% Unsecured Bond due 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 173.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 173.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 173.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 173.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 173.27 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 173.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 173.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 173.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.10 173.27 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 158.27 Td ($200 Million Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 158.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 158.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 158.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 158.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 158.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 158.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 158.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 158.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 158.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 143.27 Td (NOK 1,500 Million bond loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 143.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 143.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 143.27 Td (244.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 143.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.10 143.27 Td (244.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 128.27 Td ($195 Million related party loan Ship Finance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 128.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 128.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 128.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.10 128.27 Td (195.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.10 128.27 Td (195.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 113.27 Td (T) Tj ET Q q 0 0 0 rg BT 43.41 113.27 Td (otal interest payments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 131.16 117.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.10 113.27 Td (109.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 113.27 Td (204.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 113.27 Td (106.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.80 113.32 Td (\(2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 113.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.10 113.27 Td (417.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 98.27 Td (Accrued pension liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 98.27 Td (14.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 98.27 Td (21.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 98.27 Td (18.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 98.27 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 98.27 Td (57.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 83.27 Td (Leased premises) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 83.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 83.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 83.27 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 83.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 83.27 Td (9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 83.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 83.27 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 83.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 83.27 Td (34.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 68.27 Td (T) Tj ET Q q 0 0 0 rg BT 43.41 68.27 Td (otal drilling rig purchases) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 145.89 72.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.10 68.27 Td (360.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 68.27 Td (454.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 68.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 68.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.10 68.27 Td (814.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 53.27 Td (Total contractual cash obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.10 53.28 Td (655.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.60 53.28 Td (1,029.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.60 53.28 Td (1,882.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.10 53.28 Td (205.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.60 53.28 Td (3,771.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (* ) Tj ET Q q 0 0 0 rg BT 72.00 749.10 Td (Contractual obligations under our ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 209.19 749.10 Td ($600 million 6.25% Senior Unsecured Notes due 2019, which we issued on January 31, 2014, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 737.70 Td (are not included in the table above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 713.70 Td (Interest payments are based on the assumption that all of our loans are fully drawn over the period. It is further assumed that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 701.70 Td (no refinancing of existing loans takes place and that there is no repayment on revolving credit facilities. Interest has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.70 Td (calculated using the U.S.Dollar ) Tj ET Q q 0 0 0 rg BT 201.87 689.70 Td (Y) Tj ET Q q 0 0 0 rg BT 208.54 689.70 Td (ield Curve published by Bloomber) Tj ET Q q 0 0 0 rg BT 346.68 689.70 Td (g, plus agreed mar) Tj ET Q q 0 0 0 rg BT 420.36 689.70 Td (gins for each loan facility) Tj ET Q q 0 0 0 rg BT 521.89 689.70 Td (. ) Tj ET Q q 0 0 0 rg BT 526.71 689.70 Td (The ef) Tj ET Q q 0 0 0 rg BT 552.35 689.70 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.70 Td (of interest rate swaps have been included in the calculations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.70 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 72.00 653.70 Td (According to the terms of the sale and purchase agreement with Ship Finance, we were responsible for paying) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.70 Td (the final yard installment plus other project costs and variation orders on the construction of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.18 641.70 Td (W) Tj ET Q q 0 0 0 rg BT 449.59 641.70 Td (est Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.43 641.70 Td (. ) Tj ET Q q 0 0 0 rg BT 490.25 641.70 Td (The rig was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.70 Td (delivered on February 18, 2014. ) Tj ET Q q 0 0 0 rg BT 202.62 629.70 Td (The rig was financed through cash received from Ship Finance in connection with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.70 Td (combined sale and leaseback of the rig, which closed in June 2013. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 36.00 572.35 Td (G ) Tj ET Q q 0 0 0 rg BT 72.00 572.35 Td (SAFE HARBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 537.55 Td (See section entitled "Forward Looking Statements" in this ) Tj ET Q q 0 0 0 rg BT 270.24 537.55 Td (Annual Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 501.25 Td (ITEM 6.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 501.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 501.25 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 128.72 501.25 Td (ORS, SENIOR MANAGEMENT) Tj ET Q q 0 0 0 rg BT 269.93 501.25 Td (AND EMPLOYEES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 477.25 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 477.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 477.25 Td (Dir) Tj ET Q q 0 0 0 rg BT 86.26 477.25 Td (ectors and Senior) Tj ET Q q 0 0 0 rg BT 160.52 477.25 Td ( management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 453.25 Td (Set ) Tj ET Q q 0 0 0 rg BT 87.28 453.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 109.22 453.25 Td (below ) Tj ET Q q 0 0 0 rg BT 136.16 453.25 Td (are ) Tj ET Q q 0 0 0 rg BT 150.86 453.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.58 453.25 Td (names, ) Tj ET Q q 0 0 0 rg BT 196.13 453.25 Td (ages ) Tj ET Q q 0 0 0 rg BT 216.39 453.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.33 453.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 271.95 453.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.78 453.25 Td (our ) Tj ET Q q 0 0 0 rg BT 298.61 453.25 Td (current ) Tj ET Q q 0 0 0 rg BT 329.43 453.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 366.91 453.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.85 453.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 424.66 453.25 Td (of) Tj ET Q q 0 0 0 rg BT 432.81 453.25 Td (ficers. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 391.75 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 391.75 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 391.75 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 361.75 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 361.75 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 361.75 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 331.75 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 331.75 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 331.75 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 301.75 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 301.75 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 301.75 303.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 391.75 m 241.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 391.75 m 272.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 391.75 m 575.5 391.75 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 38.00 395.81 Td (Name) Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 55.49 395.81 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 250.65 396.42 Td (Age) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.31 396.42 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 275.00 395.81 Td (Position) Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 299.11 395.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 381.42 Td (John ) Tj ET Q q 0 0 0 rg BT 59.39 381.42 Td (Fredriksen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 381.42 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 381.42 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 316.93 381.42 Td (of ) Tj ET Q q 0 0 0 rg BT 327.76 381.42 Td (the ) Tj ET Q q 0 0 0 rg BT 342.48 381.42 Td (Board ) Tj ET Q q 0 0 0 rg BT 369.42 381.42 Td (of ) Tj ET Q q 0 0 0 rg BT 380.25 381.42 Td (Directors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 366.42 Td (Kate ) Tj ET Q q 0 0 0 rg BT 59.38 366.42 Td (Blankenship) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 366.42 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 366.42 Td (Director ) Tj ET Q q 0 0 0 rg BT 310.82 366.42 Td (and ) Tj ET Q q 0 0 0 rg BT 327.48 366.42 Td (Audit ) Tj ET Q q 0 0 0 rg BT 352.48 366.42 Td (Committee ) Tj ET Q q 0 0 0 rg BT 399.42 366.42 Td (Member) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 351.42 Td (Paul ) Tj ET Q q 0 0 0 rg BT 58.28 351.42 Td (M. ) Tj ET Q q 0 0 0 rg BT 72.17 351.42 Td (Leand, ) Tj ET Q q 0 0 0 rg BT 102.16 351.42 Td (Jr) Tj ET Q q 0 0 0 rg BT 109.10 351.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 351.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 351.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 336.42 Td (Cecilie ) Tj ET Q q 0 0 0 rg BT 68.82 336.42 Td (Fredriksen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 336.42 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 336.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 321.42 Td (Harald ) Tj ET Q q 0 0 0 rg BT 67.62 321.42 Td (Thorstein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 321.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 321.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 306.42 Td (Geor) Tj ET Q q 0 0 0 rg BT 57.90 306.42 Td (gina ) Tj ET Q q 0 0 0 rg BT 77.53 306.42 Td (Sousa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 306.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 306.42 Td (Director) Tj ET Q q 0 0 0 rg BT 308.12 306.42 Td (, ) Tj ET Q q 0 0 0 rg BT 312.92 306.42 Td (Secretary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 291.42 Td (Alf ) Tj ET Q q 0 0 0 rg BT 53.83 291.42 Td (Ragnar ) Tj ET Q q 0 0 0 rg BT 85.21 291.42 Td (Lvdal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 291.42 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 291.42 Td (Chief ) Tj ET Q q 0 0 0 rg BT 299.72 291.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 342.20 291.42 Td (Of) Tj ET Q q 0 0 0 rg BT 352.66 291.42 Td (ficer ) Tj ET Q q 0 0 0 rg BT 373.38 291.42 Td (of ) Tj ET Q q 0 0 0 rg BT 384.21 291.42 Td (North ) Tj ET Q q 0 0 0 rg BT 409.77 291.42 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 444.20 291.42 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 276.42 Td (Ragnvald ) Tj ET Q q 0 0 0 rg BT 78.83 276.42 Td (Kavli) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 276.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 276.42 Td (Chief ) Tj ET Q q 0 0 0 rg BT 299.72 276.42 Td (Financial ) Tj ET Q q 0 0 0 rg BT 339.43 276.42 Td (Of) Tj ET Q q 0 0 0 rg BT 349.80 276.42 Td (ficer ) Tj ET Q q 0 0 0 rg BT 370.62 276.42 Td (of ) Tj ET Q q 0 0 0 rg BT 381.45 276.42 Td (North ) Tj ET Q q 0 0 0 rg BT 406.72 276.42 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 441.44 276.42 Td (Management) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 236.25 Td (Biographical ) Tj ET Q q 0 0 0 rg BT 126.15 236.25 Td (information ) Tj ET Q q 0 0 0 rg BT 175.86 236.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 222.79 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.50 236.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 274.99 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.93 236.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 332.74 236.25 Td (of) Tj ET Q q 0 0 0 rg BT 340.89 236.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 365.59 236.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 389.76 236.25 Td (above ) Tj ET Q q 0 0 0 rg BT 416.14 236.25 Td (is ) Tj ET Q q 0 0 0 rg BT 425.31 236.25 Td (set ) Tj ET Q q 0 0 0 rg BT 438.91 236.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 460.85 236.25 Td (below) Tj ET Q q 0 0 0 rg BT 484.64 236.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 212.25 Td (John ) Tj ET Q q 0 0 0 rg BT 95.52 212.25 Td (Fredriksen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 212.25 Td (has ) Tj ET Q q 0 0 0 rg BT 159.31 212.25 Td (served ) Tj ET Q q 0 0 0 rg BT 187.81 212.25 Td (as ) Tj ET Q q 0 0 0 rg BT 198.53 212.25 Td (our ) Tj ET Q q 0 0 0 rg BT 214.26 212.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 256.09 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.82 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.43 212.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 308.27 212.25 Td (since ) Tj ET Q q 0 0 0 rg BT 331.21 212.25 Td (September ) Tj ET Q q 0 0 0 rg BT 376.38 212.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 401.27 212.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 412.94 212.25 Td (.Fredriksen ) Tj ET Q q 0 0 0 rg BT 463.11 212.25 Td (has ) Tj ET Q q 0 0 0 rg BT 478.84 212.25 Td (also ) Tj ET Q q 0 0 0 rg BT 497.34 212.25 Td (served ) Tj ET Q q 0 0 0 rg BT 525.84 212.25 Td (as ) Tj ET Q q 0 0 0 rg BT 536.57 212.25 Td (Chairman ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 47.09 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 62.06 200.25 Td (Board, ) Tj ET Q q 0 0 0 rg BT 91.75 200.25 Td (President ) Tj ET Q q 0 0 0 rg BT 131.73 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.92 200.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.12 200.25 Td (director ) Tj ET Q q 0 0 0 rg BT 189.97 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.05 200.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 234.91 200.25 Td (since ) Tj ET Q q 0 0 0 rg BT 258.22 200.25 Td (2005. ) Tj ET Q q 0 0 0 rg BT 283.47 200.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 295.14 200.25 Td (.Fredriksen ) Tj ET Q q 0 0 0 rg BT 345.67 200.25 Td (has ) Tj ET Q q 0 0 0 rg BT 361.75 200.25 Td (also ) Tj ET Q q 0 0 0 rg BT 380.62 200.25 Td (served ) Tj ET Q q 0 0 0 rg BT 409.47 200.25 Td (since ) Tj ET Q q 0 0 0 rg BT 432.78 200.25 Td (1997 ) Tj ET Q q 0 0 0 rg BT 455.53 200.25 Td (as ) Tj ET Q q 0 0 0 rg BT 466.62 200.25 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 511.31 200.25 Td (President, ) Tj ET Q q 0 0 0 rg BT 553.78 200.25 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 188.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 78.35 188.25 Td (Of) Tj ET Q q 0 0 0 rg BT 88.72 188.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 109.41 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.22 188.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.03 188.25 Td (director ) Tj ET Q q 0 0 0 rg BT 166.49 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.19 188.25 Td (Frontline, ) Tj ET Q q 0 0 0 rg BT 218.73 188.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.54 188.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 264.56 188.25 Td (company ) Tj ET Q q 0 0 0 rg BT 303.59 188.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 327.62 188.25 Td (on ) Tj ET Q q 0 0 0 rg BT 339.99 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.58 188.25 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 385.57 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.15 188.25 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 421.42 188.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 446.56 188.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 488.36 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.17 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.75 188.25 Td (London ) Tj ET Q q 0 0 0 rg BT 553.23 188.25 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 176.25 Td (Exchange; 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 116.25 Td (Kate ) Tj ET Q q 0 0 0 rg BT 93.10 116.25 Td (Blankenship) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.34 116.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.55 116.25 Td (has ) Tj ET Q q 0 0 0 rg BT 163.09 116.25 Td (served ) Tj ET Q q 0 0 0 rg BT 191.39 116.25 Td (as ) Tj ET Q q 0 0 0 rg BT 201.93 116.25 Td (a ) Tj ET Q q 0 0 0 rg BT 208.58 116.25 Td (director ) Tj ET Q q 0 0 0 rg BT 241.89 116.25 Td (since ) Tj ET Q q 0 0 0 rg BT 264.64 116.25 Td (our ) Tj ET Q q 0 0 0 rg BT 280.18 116.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 319.60 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.59 116.25 Td (February ) Tj ET Q q 0 0 0 rg BT 367.90 116.25 Td (201) Tj ET Q q 0 0 0 rg BT 382.53 116.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 392.24 116.25 Td (Mrs.Blankenship ) Tj ET Q q 0 0 0 rg BT 465.55 116.25 Td (has ) Tj ET Q q 0 0 0 rg BT 481.09 116.25 Td (also ) Tj ET Q q 0 0 0 rg BT 499.41 116.25 Td (served ) Tj ET Q q 0 0 0 rg BT 527.72 116.25 Td (as ) Tj ET Q q 0 0 0 rg BT 538.26 116.25 Td (a ) Tj ET Q q 0 0 0 rg BT 544.91 116.25 Td (director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 47.52 104.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 87.37 104.25 Td (since ) Tj ET Q q 0 0 0 rg BT 111.10 104.25 Td (2003 ) Tj ET Q q 0 0 0 rg BT 134.28 104.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.91 104.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 186.19 104.25 Td (since ) Tj ET Q q 0 0 0 rg BT 209.93 104.25 Td (May ) Tj ET Q q 0 0 0 rg BT 231.44 104.25 Td (2005. ) Tj ET Q q 0 0 0 rg BT 257.13 104.25 Td (Mrs.Blankenship ) Tj ET Q q 0 0 0 rg BT 331.42 104.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 359.60 104.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 399.45 104.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.41 104.25 Td (1994 ) Tj ET Q q 0 0 0 rg BT 433.60 104.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.22 104.25 Td (served ) Tj ET Q q 0 0 0 rg BT 480.51 104.25 Td (as ) Tj ET Q q 0 0 0 rg BT 492.02 104.25 Td (its ) Tj ET Q q 0 0 0 rg BT 504.65 104.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 529.35 104.25 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 92.25 Td (Of) Tj ET Q q 0 0 0 rg BT 46.37 92.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 67.45 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.66 92.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 125.18 92.25 Td (until ) Tj ET Q q 0 0 0 rg BT 146.28 92.25 Td (October ) Tj ET Q q 0 0 0 rg BT 181.25 92.25 Td (2005. ) Tj ET Q q 0 0 0 rg BT 206.52 92.25 Td (Mrs.Blankenship ) Tj ET Q q 0 0 0 rg BT 280.39 92.25 Td (has ) Tj ET Q q 0 0 0 rg BT 296.49 92.25 Td (been ) Tj ET Q q 0 0 0 rg BT 318.13 92.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.34 92.25 Td (director ) Tj ET Q q 0 0 0 rg BT 359.20 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.29 92.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 391.40 92.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 425.82 92.25 Td (since ) Tj ET Q q 0 0 0 rg BT 449.13 92.25 Td (October ) Tj ET Q q 0 0 0 rg BT 484.11 92.25 Td (2003, ) Tj ET Q q 0 0 0 rg BT 509.37 92.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 543.24 92.25 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 80.25 Td (since ) Tj ET Q q 0 0 0 rg BT 58.10 80.25 Td (June ) Tj ET Q q 0 0 0 rg BT 77.98 80.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 102.02 80.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 152.89 80.25 Td (T) Tj ET Q q 0 0 0 rg BT 158.30 80.25 Td (ankers ) Tj ET Q q 0 0 0 rg BT 185.94 80.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 235.82 80.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 269.03 80.25 Td (since ) Tj ET Q q 0 0 0 rg BT 291.12 80.25 Td (February ) Tj ET Q q 0 0 0 rg BT 328.77 80.25 Td (2008, ) Tj ET Q q 0 0 0 rg BT 352.82 80.25 Td (Golar ) Tj ET Q q 0 0 0 rg BT 377.14 80.25 Td (LNG ) Tj ET Q q 0 0 0 rg BT 399.24 80.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 432.45 80.25 Td (since ) Tj ET Q q 0 0 0 rg BT 454.55 80.25 Td (July ) Tj ET Q q 0 0 0 rg BT 472.77 80.25 Td (2003, ) Tj ET Q q 0 0 0 rg BT 496.81 80.25 Td (Golar ) Tj ET Q q 0 0 0 rg BT 521.13 80.25 Td (LNG ) Tj ET Q q 0 0 0 rg BT 543.23 80.25 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 68.25 Td (LP) Tj ET Q q 0 0 0 rg BT 47.30 68.25 Td ( ) Tj ET Q q 0 0 0 rg BT 50.06 68.25 Td (since ) Tj ET Q q 0 0 0 rg BT 73.37 68.25 Td (September ) Tj ET Q q 0 0 0 rg BT 118.90 68.25 Td (2007, ) Tj ET Q q 0 0 0 rg BT 144.16 68.25 Td (Golden ) Tj ET Q q 0 0 0 rg BT 176.36 68.25 Td (Ocean ) Tj ET Q q 0 0 0 rg BT 204.66 68.25 Td (since ) Tj ET Q q 0 0 0 rg BT 227.97 68.25 Td (November ) Tj ET Q q 0 0 0 rg BT 272.94 68.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 297.59 68.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 328.11 68.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 362.54 68.25 Td (since ) Tj ET Q q 0 0 0 rg BT 385.85 68.25 Td (its ) Tj ET Q q 0 0 0 rg BT 398.06 68.25 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 454.69 68.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.23 68.25 Td (2007 ) Tj ET Q q 0 0 0 rg BT 488.00 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.59 68.25 Td (A) Tj ET Q q 0 0 0 rg BT 511.07 68.25 Td (vance ) Tj ET Q q 0 0 0 rg BT 537.15 68.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 555.46 68.25 Td (since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 56.25 Td (October ) Tj ET Q q 0 0 0 rg BT 70.71 56.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 95.71 56.25 Td (She ) Tj ET Q q 0 0 0 rg BT 113.21 56.25 Td (is ) Tj ET Q q 0 0 0 rg BT 122.38 56.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.32 56.25 Td (member ) Tj ET Q q 0 0 0 rg BT 164.58 56.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.41 56.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.13 56.25 Td (Institute ) Tj ET Q q 0 0 0 rg BT 225.40 56.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.23 56.25 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 277.60 56.25 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 330.09 56.25 Td (in ) Tj ET Q q 0 0 0 rg BT 340.37 56.25 Td (England ) Tj ET Q q 0 0 0 rg BT 376.19 56.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.95 56.25 Td (W) Tj ET Q q 0 0 0 rg BT 401.59 56.25 Td (ales.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (48) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Paul ) Tj ET Q q 0 0 0 rg BT 93.57 749.25 Td (Leand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.18 749.25 Td (has ) Tj ET Q q 0 0 0 rg BT 137.64 749.25 Td (served ) Tj ET Q q 0 0 0 rg BT 165.86 749.25 Td (as ) Tj ET Q q 0 0 0 rg BT 176.32 749.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.88 749.25 Td (director ) Tj ET Q q 0 0 0 rg BT 216.10 749.25 Td (since ) Tj ET Q q 0 0 0 rg BT 238.77 749.25 Td (February ) Tj ET Q q 0 0 0 rg BT 277.00 749.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 301.62 749.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 313.29 749.25 Td (.Leand ) Tj ET Q q 0 0 0 rg BT 345.40 749.25 Td (has ) Tj ET Q q 0 0 0 rg BT 360.86 749.25 Td (been ) Tj ET Q q 0 0 0 rg BT 381.86 749.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.20 749.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 420.55 749.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 462.65 749.25 Td (Of) Tj ET Q q 0 0 0 rg BT 473.02 749.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 493.46 749.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.03 749.25 Td (director ) Tj ET Q q 0 0 0 rg BT 543.25 749.25 Td (of ) Tj ET Q q 0 0 0 rg BT 553.23 749.25 Td (AMA) Tj ET Q q 0 0 0 rg BT 576.02 749.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 67.37 737.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 102.63 737.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 124.01 737.25 Td (\(AMA\), ) Tj ET Q q 0 0 0 rg BT 167.87 737.25 Td (an ) Tj ET Q q 0 0 0 rg BT 179.80 737.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 226.17 737.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 248.10 737.25 Td (specializing ) Tj ET Q q 0 0 0 rg BT 298.35 737.25 Td (in ) Tj ET Q q 0 0 0 rg BT 308.62 737.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.32 737.25 Td (maritime ) Tj ET Q q 0 0 0 rg BT 361.91 737.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 397.18 737.25 Td (since ) Tj ET Q q 0 0 0 rg BT 420.22 737.25 Td (2004. ) Tj ET Q q 0 0 0 rg BT 445.21 737.25 Td (From ) Tj ET Q q 0 0 0 rg BT 469.37 737.25 Td (1989 ) Tj ET Q q 0 0 0 rg BT 491.86 737.25 Td (until ) Tj ET Q q 0 0 0 rg BT 512.68 737.25 Td (joining ) Tj ET Q q 0 0 0 rg BT 542.96 737.25 Td (AMA) Tj ET Q q 0 0 0 rg BT 565.74 737.25 Td ( ) Tj ET Q q 0 0 0 rg BT 568.23 737.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (1998 ) Tj ET Q q 0 0 0 rg BT 59.05 725.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 70.72 725.25 Td (.Leand ) Tj ET Q q 0 0 0 rg BT 103.75 725.25 Td (served ) Tj ET Q q 0 0 0 rg BT 132.90 725.25 Td (at ) Tj ET Q q 0 0 0 rg BT 143.16 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.43 725.25 Td (First ) Tj ET Q q 0 0 0 rg BT 179.82 725.25 Td (National ) Tj ET Q q 0 0 0 rg BT 217.30 725.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 241.46 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.83 725.25 Td (Maryland ) Tj ET Q q 0 0 0 rg BT 294.76 725.25 Td (where ) Tj ET Q q 0 0 0 rg BT 322.24 725.25 Td (he ) Tj ET Q q 0 0 0 rg BT 334.72 725.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 373.87 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.13 725.25 Td (Bank) Tj ET Q q 0 0 0 rg BT 413.02 725.25 Td (s ) Tj ET Q q 0 0 0 rg BT 419.96 725.25 Td (Railroad ) Tj ET Q q 0 0 0 rg BT 457.44 725.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 494.94 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.42 725.25 Td (its ) Tj ET Q q 0 0 0 rg BT 524.92 725.25 Td (International ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 76.53 713.25 Td (Division. ) Tj ET Q q 0 0 0 rg BT 116.79 713.25 Td (He ) Tj ET Q q 0 0 0 rg BT 131.76 713.25 Td (has ) Tj ET Q q 0 0 0 rg BT 148.41 713.25 Td (worked ) Tj ET Q q 0 0 0 rg BT 181.71 713.25 Td (extensively ) Tj ET Q q 0 0 0 rg BT 230.57 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.66 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.19 713.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 278.29 713.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 308.26 713.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 343.23 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.32 713.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 401.50 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 421.87 713.25 Td (AMA) Tj ET Q q 0 0 0 rg BT 444.09 713.25 Td () Tj ET Q q 0 0 0 rg BT 446.87 713.25 Td (s ) Tj ET Q q 0 0 0 rg BT 454.08 713.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 508.48 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.24 713.25 Td (mer) Tj ET Q q 0 0 0 rg BT 541.60 713.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 561.58 713.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 86.49 701.25 Td (practices. ) Tj ET Q q 0 0 0 rg BT 127.24 701.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 138.91 701.25 Td (.Leand ) Tj ET Q q 0 0 0 rg BT 171.61 701.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 199.32 701.25 Td (as ) Tj ET Q q 0 0 0 rg BT 210.36 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.52 701.25 Td (member ) Tj ET Q q 0 0 0 rg BT 253.00 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.44 701.25 Td (American ) Tj ET Q q 0 0 0 rg BT 305.58 701.25 Td (Marine ) Tj ET Q q 0 0 0 rg BT 337.18 701.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 364.89 701.25 Td (LLC) Tj ET Q q 0 0 0 rg BT 386.55 701.25 Td (s ) Tj ET Q q 0 0 0 rg BT 393.16 701.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 420.87 701.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 468.03 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.18 701.25 Td (served ) Tj ET Q q 0 0 0 rg BT 514.00 701.25 Td (as ) Tj ET Q q 0 0 0 rg BT 525.04 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 532.20 701.25 Td (member ) Tj ET Q q 0 0 0 rg BT 567.68 701.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 50.60 689.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 97.42 689.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 144.24 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.43 689.25 Td (AMA) Tj ET Q q 0 0 0 rg BT 177.21 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.60 689.25 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 218.10 689.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 241.05 689.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 249.26 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.08 689.25 Td (private ) Tj ET Q q 0 0 0 rg BT 286.23 689.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 313.61 689.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 334.32 689.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 365.59 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.41 689.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 420.89 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 432.74 689.25 Td (AMA. ) Tj ET Q q 0 0 0 rg BT 460.96 689.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 472.63 689.25 Td (.Leand ) Tj ET Q q 0 0 0 rg BT 505.00 689.25 Td (has ) Tj ET Q q 0 0 0 rg BT 520.72 689.25 Td (also ) Tj ET Q q 0 0 0 rg BT 539.21 689.25 Td (served ) Tj ET Q q 0 0 0 rg BT 567.69 689.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 42.94 677.25 Td (director ) Tj ET Q q 0 0 0 rg BT 76.53 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.36 677.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 108.20 677.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 142.36 677.25 Td (since ) Tj ET Q q 0 0 0 rg BT 165.40 677.25 Td (2003, ) Tj ET Q q 0 0 0 rg BT 190.40 677.25 Td (Golar ) Tj ET Q q 0 0 0 rg BT 215.67 677.25 Td (LNG ) Tj ET Q q 0 0 0 rg BT 238.72 677.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 273.99 677.25 Td (LP) Tj ET Q q 0 0 0 rg BT 285.29 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 287.79 677.25 Td (since ) Tj ET Q q 0 0 0 rg BT 310.84 677.25 Td (201) Tj ET Q q 0 0 0 rg BT 325.47 677.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 335.47 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.41 677.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 386.01 677.25 Td (since ) Tj ET Q q 0 0 0 rg BT 408.50 677.25 Td (April ) Tj ET Q q 0 0 0 rg BT 432.11 677.25 Td (2013.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 653.25 Td (Cecilie ) Tj ET Q q 0 0 0 rg BT 101.99 653.25 Td (Fredriksen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.05 653.25 Td (has ) Tj ET Q q 0 0 0 rg BT 165.05 653.25 Td (served ) Tj ET Q q 0 0 0 rg BT 192.82 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 202.82 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 208.93 653.25 Td (director ) Tj ET Q q 0 0 0 rg BT 241.69 653.25 Td (since ) Tj ET Q q 0 0 0 rg BT 263.91 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.91 653.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 317.79 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.24 653.25 Td (February ) Tj ET Q q 0 0 0 rg BT 365.01 653.25 Td (201) Tj ET Q q 0 0 0 rg BT 379.64 653.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 388.81 653.25 Td (Ms.Fredriksen ) Tj ET Q q 0 0 0 rg BT 451.03 653.25 Td (has ) Tj ET Q q 0 0 0 rg BT 466.03 653.25 Td (been ) Tj ET Q q 0 0 0 rg BT 486.58 653.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 527.68 653.25 Td (by ) Tj ET Q q 0 0 0 rg BT 539.35 653.25 Td (Frontline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 78.13 641.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 114.16 641.25 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 132.69 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.62 641.25 Td (London ) Tj ET Q q 0 0 0 rg BT 175.87 641.25 Td (since ) Tj ET Q q 0 0 0 rg BT 198.57 641.25 Td (2007. ) Tj ET Q q 0 0 0 rg BT 223.21 641.25 Td (Ms.Fredriksen ) Tj ET Q q 0 0 0 rg BT 285.91 641.25 Td (has ) Tj ET Q q 0 0 0 rg BT 301.39 641.25 Td (served ) Tj ET Q q 0 0 0 rg BT 329.64 641.25 Td (as ) Tj ET Q q 0 0 0 rg BT 340.12 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.70 641.25 Td (director ) Tj ET Q q 0 0 0 rg BT 379.94 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.95 641.25 Td (Aktiv ) Tj ET Q q 0 0 0 rg BT 414.87 641.25 Td (Kapital ) Tj ET Q q 0 0 0 rg BT 445.98 641.25 Td (ASA) Tj ET Q q 0 0 0 rg BT 465.43 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.58 641.25 Td (since ) Tj ET Q q 0 0 0 rg BT 490.27 641.25 Td (2006, ) Tj ET Q q 0 0 0 rg BT 514.45 641.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 544.35 641.25 Td (Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (since ) Tj ET Q q 0 0 0 rg BT 59.35 629.25 Td (2008, ) Tj ET Q q 0 0 0 rg BT 84.65 629.25 Td (Golden ) Tj ET Q q 0 0 0 rg BT 116.89 629.25 Td (Ocean ) Tj ET Q q 0 0 0 rg BT 145.23 629.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 173.58 629.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 208.04 629.25 Td (since ) Tj ET Q q 0 0 0 rg BT 231.39 629.25 Td (2008, ) Tj ET Q q 0 0 0 rg BT 256.70 629.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 277.84 629.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 312.29 629.25 Td (since ) Tj ET Q q 0 0 0 rg BT 335.64 629.25 Td (2008, ) Tj ET Q q 0 0 0 rg BT 360.94 629.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 400.41 629.25 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 419.60 629.25 Td (since ) Tj ET Q q 0 0 0 rg BT 442.95 629.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 468.25 629.25 Td (Marine ) Tj ET Q q 0 0 0 rg BT 499.93 629.25 Td (Harvest ) Tj ET Q q 0 0 0 rg BT 533.21 629.25 Td (ASA) Tj ET Q q 0 0 0 rg BT 552.66 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 555.47 629.25 Td (since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (2008 ) Tj ET Q q 0 0 0 rg BT 58.68 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 75.80 617.25 Td (Northern ) Tj ET Q q 0 0 0 rg BT 114.58 617.25 Td (Of) Tj ET Q q 0 0 0 rg BT 124.95 617.25 Td (fshore, ) Tj ET Q q 0 0 0 rg BT 155.12 617.25 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 171.69 617.25 Td (since ) Tj ET Q q 0 0 0 rg BT 194.92 617.25 Td (2010. ) Tj ET Q q 0 0 0 rg BT 220.10 617.25 Td (She ) Tj ET Q q 0 0 0 rg BT 237.78 617.25 Td (received ) Tj ET Q q 0 0 0 rg BT 274.32 617.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.44 617.25 Td (BA) Tj ET Q q 0 0 0 rg BT 294.78 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.46 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.92 617.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 346.16 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.28 617.25 Td (Spanish ) Tj ET Q q 0 0 0 rg BT 397.63 617.25 Td (from ) Tj ET Q q 0 0 0 rg BT 419.75 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.65 617.25 Td (London ) Tj ET Q q 0 0 0 rg BT 468.44 617.25 Td (Metropolitan ) Tj ET Q q 0 0 0 rg BT 523.33 617.25 Td (University ) Tj ET Q q 0 0 0 rg BT 568.23 617.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (2006. ) Tj ET Q q 0 0 0 rg BT 61.41 605.25 Td (Ms.Fredriksen ) Tj ET Q q 0 0 0 rg BT 124.88 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 134.46 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.82 605.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 189.16 605.25 Td (citizen, ) Tj ET Q q 0 0 0 rg BT 221.22 605.25 Td (resident ) Tj ET Q q 0 0 0 rg BT 255.79 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.49 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.62 605.25 Td (United ) Tj ET Q q 0 0 0 rg BT 311.75 605.25 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 354.94 605.25 Td (Ms.Fredriksen ) Tj ET Q q 0 0 0 rg BT 418.41 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 427.99 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.12 605.25 Td (daughter ) Tj ET Q q 0 0 0 rg BT 481.02 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.26 605.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 503.93 605.25 Td (.John ) Tj ET Q q 0 0 0 rg BT 530.74 605.25 Td (Fredriksen, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 593.25 Td (Chairman.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 569.25 Td (Harald ) Tj ET Q q 0 0 0 rg BT 104.77 569.25 Td (Thorstein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.78 569.25 Td (has ) Tj ET Q q 0 0 0 rg BT 163.93 569.25 Td (served ) Tj ET Q q 0 0 0 rg BT 193.35 569.25 Td (as ) Tj ET Q q 0 0 0 rg BT 205.01 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.77 569.25 Td (director ) Tj ET Q q 0 0 0 rg BT 247.19 569.25 Td (since ) Tj ET Q q 0 0 0 rg BT 271.06 569.25 Td (September ) Tj ET Q q 0 0 0 rg BT 317.14 569.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 342.96 569.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 354.63 569.25 Td (.) Tj ET Q q 0 0 0 rg BT 359.45 569.25 Td (Thorstein ) Tj ET Q q 0 0 0 rg BT 401.10 569.25 Td (has ) Tj ET Q q 0 0 0 rg BT 417.75 569.25 Td (been ) Tj ET Q q 0 0 0 rg BT 439.95 569.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 482.71 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 496.03 569.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 536.02 569.25 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 72.44 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.78 557.25 Td (London ) Tj ET Q q 0 0 0 rg BT 116.44 557.25 Td (since ) Tj ET Q q 0 0 0 rg BT 139.55 557.25 Td (201) Tj ET Q q 0 0 0 rg BT 154.18 557.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 164.24 557.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 186.24 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.58 557.25 Td (which ) Tj ET Q q 0 0 0 rg BT 223.58 557.25 Td (he ) Tj ET Q q 0 0 0 rg BT 235.57 557.25 Td (was ) Tj ET Q q 0 0 0 rg BT 253.69 557.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 295.68 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.02 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.79 557.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 363.34 557.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 397.56 557.25 Td (division ) Tj ET Q q 0 0 0 rg BT 432.34 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.23 557.25 Td (DnB ) Tj ET Q q 0 0 0 rg BT 464.68 557.25 Td (NOR ) Tj ET Q q 0 0 0 rg BT 488.36 557.25 Td (Markets ) Tj ET Q q 0 0 0 rg BT 523.69 557.25 Td (from ) Tj ET Q q 0 0 0 rg BT 545.68 557.25 Td (2008 ) Tj ET Q q 0 0 0 rg BT 568.24 557.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (201) Tj ET Q q 0 0 0 rg BT 50.63 545.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 60.32 545.25 Td (specializing ) Tj ET Q q 0 0 0 rg BT 110.27 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.24 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.65 545.25 Td (of) Tj ET Q q 0 0 0 rg BT 142.80 545.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 169.98 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.62 545.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 223.26 545.25 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 255.72 545.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 267.39 545.25 Td (.) 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Tj ET Q q 0 0 0 rg BT 293.13 533.25 Td (Thorstein ) Tj ET Q q 0 0 0 rg BT 333.92 533.25 Td (has ) Tj ET Q q 0 0 0 rg BT 349.72 533.25 Td (served ) Tj ET Q q 0 0 0 rg BT 378.28 533.25 Td (as ) Tj ET Q q 0 0 0 rg BT 389.08 533.25 Td (a ) Tj ET Q q 0 0 0 rg BT 395.99 533.25 Td (director ) Tj ET Q q 0 0 0 rg BT 429.55 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.35 533.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 473.92 533.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 509.15 533.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 530.51 533.25 Td (since ) Tj ET Q q 0 0 0 rg BT 553.52 533.25 Td (2012, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 56.72 521.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 90.76 521.25 Td (International ) Tj ET Q q 0 0 0 rg BT 144.23 521.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 178.28 521.25 Td (since ) Tj ET Q q 0 0 0 rg BT 201.21 521.25 Td (201) Tj ET Q q 0 0 0 rg BT 215.83 521.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 223.22 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.04 521.25 Td (Northern ) Tj ET Q q 0 0 0 rg BT 278.52 521.25 Td (Of) Tj ET Q q 0 0 0 rg BT 288.89 521.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 316.26 521.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 350.31 521.25 Td (since ) Tj ET Q q 0 0 0 rg BT 373.24 521.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 398.12 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.94 521.25 Td (has ) Tj ET Q q 0 0 0 rg BT 430.65 521.25 Td (served ) Tj ET Q q 0 0 0 rg BT 459.13 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 469.85 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.45 521.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 526.26 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.98 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 551.58 521.25 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 509.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 86.54 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.82 509.25 Td (Aktiv ) Tj ET Q q 0 0 0 rg BT 122.09 509.25 Td (Kapital ) Tj ET Q q 0 0 0 rg BT 153.48 509.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 168.76 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.70 509.25 Td (Deep ) Tj ET Q q 0 0 0 rg BT 209.30 509.25 Td (Sea ) Tj ET Q q 0 0 0 rg BT 226.23 509.25 Td (Supply ) Tj ET Q q 0 0 0 rg BT 257.07 509.25 Td (plc ) Tj ET Q q 0 0 0 rg BT 271.79 509.25 Td (since ) Tj ET Q q 0 0 0 rg BT 294.84 509.25 Td (May ) Tj ET Q q 0 0 0 rg BT 315.67 509.25 Td (2013.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 485.25 Td (Georgina ) Tj ET Q q 0 0 0 rg BT 112.38 485.25 Td (E. ) Tj ET Q q 0 0 0 rg BT 123.04 485.25 Td (Sousa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.05 485.25 Td (has ) Tj ET Q q 0 0 0 rg BT 165.37 485.25 Td (served ) Tj ET Q q 0 0 0 rg BT 192.96 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 202.78 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 208.70 485.25 Td (director ) Tj ET Q q 0 0 0 rg BT 241.29 485.25 Td (since ) Tj ET Q q 0 0 0 rg BT 263.32 485.25 Td (September ) Tj ET Q q 0 0 0 rg BT 307.57 485.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 331.56 485.25 Td (Mrs.Sousa ) Tj ET Q q 0 0 0 rg BT 378.05 485.25 Td (has ) Tj ET Q q 0 0 0 rg BT 392.87 485.25 Td (also ) Tj ET Q q 0 0 0 rg BT 410.47 485.25 Td (served ) Tj ET Q q 0 0 0 rg BT 438.06 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 447.87 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 462.69 485.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 501.93 485.25 Td (since ) Tj ET Q q 0 0 0 rg BT 523.97 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 538.79 485.25 Td (inception ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.40 473.25 Td (February ) Tj ET Q q 0 0 0 rg BT 85.11 473.25 Td (201) Tj ET Q q 0 0 0 rg BT 99.74 473.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 109.86 473.25 Td (She ) Tj ET Q q 0 0 0 rg BT 127.48 473.25 Td (is ) Tj ET Q q 0 0 0 rg BT 136.77 473.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 175.48 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.54 473.25 Td (director ) Tj ET Q q 0 0 0 rg BT 216.25 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.20 473.25 Td (Golar ) Tj ET Q q 0 0 0 rg BT 252.59 473.25 Td (LNG ) Tj ET Q q 0 0 0 rg BT 275.76 473.25 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 312.54 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 319.59 473.25 Td (director ) Tj ET Q q 0 0 0 rg BT 353.31 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.36 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.20 473.25 Td (Head ) Tj ET Q q 0 0 0 rg BT 408.92 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.86 473.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 461.89 473.25 Td (Administration ) Tj ET Q q 0 0 0 rg BT 525.06 473.25 Td (for ) Tj ET Q q 0 0 0 rg BT 539.34 473.25 Td (Frontline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.11 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.99 461.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.55 461.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 145.97 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.97 461.25 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 191.24 461.25 Td (Until ) Tj ET Q q 0 0 0 rg BT 213.47 461.25 Td (January ) Tj ET Q q 0 0 0 rg BT 246.24 461.25 Td (2007, ) Tj ET Q q 0 0 0 rg BT 270.41 461.25 Td (she ) Tj ET Q q 0 0 0 rg BT 285.40 461.25 Td (was ) Tj ET Q q 0 0 0 rg BT 302.50 461.25 Td (V) Tj ET Q q 0 0 0 rg BT 309.13 461.25 Td (ice-President-Corporate ) Tj ET Q q 0 0 0 rg BT 406.31 461.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 441.86 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.86 461.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 506.30 461.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 541.85 461.25 Td (Limited, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 42.61 449.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 81.44 449.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 135.81 449.25 Td (Company) Tj ET Q q 0 0 0 rg BT 174.05 449.25 Td (, ) Tj ET Q q 0 0 0 rg BT 178.72 449.25 Td (having ) Tj ET Q q 0 0 0 rg BT 208.11 449.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 235.28 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.67 449.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 269.06 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.01 449.25 Td (1993 ) Tj ET Q q 0 0 0 rg BT 301.19 449.25 Td (as ) Tj ET Q q 0 0 0 rg BT 311.69 449.25 Td (Manager ) Tj ET Q q 0 0 0 rg BT 349.40 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.90 449.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 401.58 449.25 Td (Administration. ) Tj ET Q q 0 0 0 rg BT 466.80 449.25 Td (From ) Tj ET Q q 0 0 0 rg BT 490.65 449.25 Td (1976 ) Tj ET Q q 0 0 0 rg BT 512.82 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.77 449.25 Td (1982 ) Tj ET Q q 0 0 0 rg BT 544.94 449.25 Td (she ) Tj ET Q q 0 0 0 rg BT 560.45 449.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 77.96 437.25 Td (by ) Tj ET Q q 0 0 0 rg BT 90.48 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.22 437.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 144.40 437.25 Td (law ) Tj ET Q q 0 0 0 rg BT 161.36 437.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 181.10 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.40 437.25 Td (Appleby) Tj ET Q q 0 0 0 rg BT 225.19 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 230.21 437.25 Td (Spurling& ) Tj ET Q q 0 0 0 rg BT 277.46 437.25 Td (Kempe ) Tj ET Q q 0 0 0 rg BT 308.86 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 319.71 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.68 437.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.09 437.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 408.36 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.33 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 447.29 437.25 Td (1982 ) Tj ET Q q 0 0 0 rg BT 469.81 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.11 437.25 Td (1993 ) Tj ET Q q 0 0 0 rg BT 502.64 437.25 Td (she ) Tj ET Q q 0 0 0 rg BT 518.49 437.25 Td (was ) Tj ET Q q 0 0 0 rg BT 536.56 437.25 Td (employed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 48.50 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.22 425.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 102.37 425.25 Td (law ) Tj ET Q q 0 0 0 rg BT 119.31 425.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 139.03 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.86 425.25 Td (Cox& ) Tj ET Q q 0 0 0 rg BT 179.13 425.25 Td (W) Tj ET Q q 0 0 0 rg BT 188.16 425.25 Td (ilkinson ) Tj ET Q q 0 0 0 rg BT 222.89 425.25 Td (as ) Tj ET Q q 0 0 0 rg BT 233.72 425.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 262.33 425.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.71 425.25 Td (Secretary) Tj ET Q q 0 0 0 rg BT 340.82 425.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 401.25 Td (Alf ) Tj ET Q q 0 0 0 rg BT 86.68 401.25 Td (Ragnar ) Tj ET Q q 0 0 0 rg BT 119.70 401.25 Td (Lvdal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.92 401.25 Td (has ) Tj ET Q q 0 0 0 rg BT 165.14 401.25 Td (served ) Tj ET Q q 0 0 0 rg BT 193.14 401.25 Td (as ) Tj ET Q q 0 0 0 rg BT 203.37 401.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 227.48 401.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 269.36 401.25 Td (Of) Tj ET Q q 0 0 0 rg BT 279.73 401.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 299.94 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.17 401.25 Td (North ) Tj ET Q q 0 0 0 rg BT 334.98 401.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 369.09 401.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 423.19 401.25 Td (since ) Tj ET Q q 0 0 0 rg BT 445.63 401.25 Td (January ) Tj ET Q q 0 0 0 rg BT 478.63 401.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 503.02 401.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 514.69 401.25 Td (.Lvdal ) Tj ET Q q 0 0 0 rg BT 549.91 401.25 Td (served ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (as ) Tj ET Q q 0 0 0 rg BT 46.36 389.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 74.35 389.25 Td (V) Tj ET Q q 0 0 0 rg BT 80.97 389.25 Td (ice ) Tj ET Q q 0 0 0 rg BT 94.66 389.25 Td (President ) Tj ET Q q 0 0 0 rg BT 133.91 389.25 Td (for ) Tj ET Q q 0 0 0 rg BT 147.60 389.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 180.73 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.54 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.34 389.25 Td (Asia ) Tj ET Q q 0 0 0 rg BT 224.70 389.25 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 254.49 389.25 Td (region ) Tj ET Q q 0 0 0 rg BT 282.07 389.25 Td (from ) Tj ET Q q 0 0 0 rg BT 303.09 389.25 Td (April ) Tj ET Q q 0 0 0 rg BT 326.23 389.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 348.26 389.25 Td (until ) Tj ET Q q 0 0 0 rg BT 368.62 389.25 Td (December ) Tj ET Q q 0 0 0 rg BT 411.74 389.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 436.27 389.25 Td (He ) Tj ET Q q 0 0 0 rg BT 449.96 389.25 Td (was ) Tj ET Q q 0 0 0 rg BT 467.54 389.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 511.79 389.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 536.03 389.25 Td (Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (Manager ) Tj ET Q q 0 0 0 rg BT 74.12 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.04 377.25 Td (Seawell ) Tj ET Q q 0 0 0 rg BT 119.28 377.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 130.95 377.25 Td (.Lvdal ) Tj ET Q q 0 0 0 rg BT 166.86 377.25 Td (has ) Tj ET Q q 0 0 0 rg BT 182.77 377.25 Td (nearly ) Tj ET Q q 0 0 0 rg BT 210.34 377.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 222.92 377.25 Td (years ) Tj ET Q q 0 0 0 rg BT 246.61 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.52 377.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 303.41 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.77 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.57 377.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 341.71 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.74 377.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 374.65 377.25 Td (industry) Tj ET Q q 0 0 0 rg BT 406.78 377.25 Td (, ) Tj ET Q q 0 0 0 rg BT 411.86 377.25 Td (20 ) Tj ET Q q 0 0 0 rg BT 424.45 377.25 Td (years ) Tj ET Q q 0 0 0 rg BT 448.13 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.05 377.25 Td (which ) Tj ET Q q 0 0 0 rg BT 486.07 377.25 Td (he ) Tj ET Q q 0 0 0 rg BT 498.09 377.25 Td (was ) Tj ET Q q 0 0 0 rg BT 516.23 377.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 564.36 377.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 50.54 365.25 Td (well ) Tj ET Q q 0 0 0 rg BT 70.07 365.25 Td (services ) Tj ET Q q 0 0 0 rg BT 104.60 365.25 Td (business ) Tj ET Q q 0 0 0 rg BT 140.81 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 154.78 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.32 365.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 201.08 365.25 Td (contractor ) Tj ET Q q 0 0 0 rg BT 243.93 365.25 Td (Smedvig, ) Tj ET Q q 0 0 0 rg BT 284.31 365.25 Td (which ) Tj ET Q q 0 0 0 rg BT 311.06 365.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 344.49 365.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 381.23 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.32 365.25 Td (early ) Tj ET Q q 0 0 0 rg BT 413.63 365.25 Td (2006. ) Tj ET Q q 0 0 0 rg BT 438.45 365.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 450.12 365.25 Td (.Lvdal ) Tj ET Q q 0 0 0 rg BT 485.76 365.25 Td (has ) Tj ET Q q 0 0 0 rg BT 501.41 365.25 Td (held ) Tj ET Q q 0 0 0 rg BT 520.94 365.25 Td (several ) Tj ET Q q 0 0 0 rg BT 551.58 365.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 74.69 353.25 Td (including ) Tj ET Q q 0 0 0 rg BT 115.03 353.25 Td (general ) Tj ET Q q 0 0 0 rg BT 147.02 353.25 Td (manager ) Tj ET Q q 0 0 0 rg BT 184.01 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.91 353.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 239.13 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 253.36 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.14 353.25 Td (mobile ) Tj ET Q q 0 0 0 rg BT 298.48 353.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 323.00 353.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 345.56 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.91 353.25 Td (his ) Tj ET Q q 0 0 0 rg BT 370.15 353.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 422.71 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 443.05 353.25 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 479.22 353.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 490.89 353.25 Td (.Lvdal ) Tj ET Q q 0 0 0 rg BT 526.78 353.25 Td (held ) Tj ET Q q 0 0 0 rg BT 546.57 353.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 75.31 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.29 341.25 Td (dif) Tj ET Q q 0 0 0 rg BT 97.22 341.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 123.73 341.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 137.48 341.25 Td (service ) Tj ET Q q 0 0 0 rg BT 168.99 341.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 217.45 341.25 Td (including ) Tj ET Q q 0 0 0 rg BT 258.42 341.25 Td (five ) Tj ET Q q 0 0 0 rg BT 277.16 341.25 Td (years ) Tj ET Q q 0 0 0 rg BT 301.46 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.98 341.25 Td (of) Tj ET Q q 0 0 0 rg BT 321.13 341.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 349.32 341.25 Td (field ) Tj ET Q q 0 0 0 rg BT 370.84 341.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 417.34 341.25 Td (with ) Tj ET Q q 0 0 0 rg BT 438.31 341.25 Td (Schlumber) Tj ET Q q 0 0 0 rg BT 481.45 341.25 Td (ger) Tj ET Q q 0 0 0 rg BT 493.67 341.25 Td (. ) Tj ET Q q 0 0 0 rg BT 499.37 341.25 Td (He ) Tj ET Q q 0 0 0 rg BT 514.22 341.25 Td (has ) Tj ET Q q 0 0 0 rg BT 530.75 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 538.38 341.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 568.22 341.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (mechanical ) Tj ET Q q 0 0 0 rg BT 84.03 329.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 133.73 329.25 Td (from ) Tj ET Q q 0 0 0 rg BT 155.67 329.25 Td (Horten ) Tj ET Q q 0 0 0 rg BT 185.94 329.25 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 236.76 329.25 Td (Academy ) Tj ET Q q 0 0 0 rg BT 277.57 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 287.85 329.25 Td (Norway) Tj ET Q q 0 0 0 rg BT 319.41 329.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (Ragnvald ) Tj ET Q q 0 0 0 rg BT 113.88 305.25 Td (Kavli ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.97 305.25 Td (has ) Tj ET Q q 0 0 0 rg BT 153.74 305.25 Td (served ) Tj ET Q q 0 0 0 rg BT 182.26 305.25 Td (as ) Tj ET Q q 0 0 0 rg BT 193.03 305.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 217.67 305.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 257.32 305.25 Td (Of) Tj ET Q q 0 0 0 rg BT 267.69 305.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 288.43 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.19 305.25 Td (North ) Tj ET Q q 0 0 0 rg BT 324.42 305.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 359.06 305.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 413.69 305.25 Td (since ) Tj ET Q q 0 0 0 rg BT 436.67 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.32 305.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 498.74 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.50 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.26 305.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 551.02 305.25 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 293.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 70.30 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 80.35 293.25 Td (January ) Tj ET Q q 0 0 0 rg BT 113.73 293.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 136.00 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.71 293.25 Td (is ) Tj ET Q q 0 0 0 rg BT 161.66 293.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 203.37 293.25 Td (through ) Tj ET Q q 0 0 0 rg BT 236.75 293.25 Td (North ) Tj ET Q q 0 0 0 rg BT 261.85 293.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 296.34 293.25 Td (Management. ) Tj ET Q q 0 0 0 rg BT 353.31 293.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 377.30 293.25 Td (August ) Tj ET Q q 0 0 0 rg BT 408.47 293.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 433.24 293.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 444.91 293.25 Td (. ) Tj ET Q q 0 0 0 rg BT 449.69 293.25 Td (Kavli ) Tj ET Q q 0 0 0 rg BT 474.18 293.25 Td (has ) Tj ET Q q 0 0 0 rg BT 489.78 293.25 Td (served ) Tj ET Q q 0 0 0 rg BT 518.16 293.25 Td (as ) Tj ET Q q 0 0 0 rg BT 528.76 293.25 Td (our ) Tj ET Q q 0 0 0 rg BT 544.37 293.25 Td (Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (Director) Tj ET Q q 0 0 0 rg BT 68.76 281.25 Td (. ) Tj ET Q q 0 0 0 rg BT 73.55 281.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 95.83 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.89 281.25 Td (his ) Tj ET Q q 0 0 0 rg BT 119.85 281.25 Td (current ) Tj ET Q q 0 0 0 rg BT 150.45 281.25 Td (position ) Tj ET Q q 0 0 0 rg BT 184.96 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.68 281.25 Td (since ) Tj ET Q q 0 0 0 rg BT 224.51 281.25 Td (January ) Tj ET Q q 0 0 0 rg BT 257.90 281.25 Td (2009, ) Tj ET Q q 0 0 0 rg BT 282.68 281.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 294.35 281.25 Td (.Kavli ) Tj ET Q q 0 0 0 rg BT 323.85 281.25 Td (has ) Tj ET Q q 0 0 0 rg BT 339.46 281.25 Td (held ) Tj ET Q q 0 0 0 rg BT 358.97 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 365.69 281.25 Td (position ) Tj ET Q q 0 0 0 rg BT 400.20 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.26 281.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 445.31 281.25 Td (Relations ) Tj ET Q q 0 0 0 rg BT 485.37 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.09 281.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 544.36 281.25 Td (Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.98 269.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 80.72 269.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 115.03 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.11 269.25 Td (served ) Tj ET Q q 0 0 0 rg BT 160.86 269.25 Td (as ) Tj ET Q q 0 0 0 rg BT 171.83 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.92 269.25 Td (director ) Tj ET Q q 0 0 0 rg BT 212.66 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.63 269.25 Td (such ) Tj ET Q q 0 0 0 rg BT 244.61 269.25 Td (group ) Tj ET Q q 0 0 0 rg BT 270.58 269.25 Td (from ) Tj ET Q q 0 0 0 rg BT 292.08 269.25 Td (August ) Tj ET Q q 0 0 0 rg BT 323.62 269.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 346.27 269.25 Td (through ) Tj ET Q q 0 0 0 rg BT 379.44 269.25 Td (August ) Tj ET Q q 0 0 0 rg BT 410.97 269.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 436.12 269.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 458.76 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.19 269.25 Td (joining ) Tj ET Q q 0 0 0 rg BT 500.17 269.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 533.92 269.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 568.22 269.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (2009, ) Tj ET Q q 0 0 0 rg BT 59.86 257.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 71.53 257.25 Td (. ) Tj ET Q q 0 0 0 rg BT 75.39 257.25 Td (Kavli ) Tj ET Q q 0 0 0 rg BT 98.97 257.25 Td (worked ) Tj ET Q q 0 0 0 rg BT 130.33 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 143.35 257.25 Td (Nordea ) Tj ET Q q 0 0 0 rg BT 174.14 257.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 199.11 257.25 Td (within ) Tj ET Q q 0 0 0 rg BT 226.03 257.25 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 263.51 257.25 Td (Of) Tj ET Q q 0 0 0 rg BT 273.88 257.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 300.23 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.03 257.25 Td (Oilfield ) Tj ET Q q 0 0 0 rg BT 348.50 257.25 Td (Services. ) Tj ET Q q 0 0 0 rg BT 386.24 257.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 397.91 257.25 Td (. ) Tj ET Q q 0 0 0 rg BT 401.77 257.25 Td (Kavli ) Tj ET Q q 0 0 0 rg BT 425.35 257.25 Td (has ) Tj ET Q q 0 0 0 rg BT 440.04 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 445.84 257.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 473.85 257.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.99 257.25 Td (business ) Tj ET Q q 0 0 0 rg BT 518.25 257.25 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 57.94 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 72.66 245.25 Td (University ) Tj ET Q q 0 0 0 rg BT 117.37 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.20 245.25 Td (Bath ) Tj ET Q q 0 0 0 rg BT 149.59 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.53 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.47 245.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 202.61 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.89 245.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 244.81 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 266.75 245.25 Td (Macquarie ) Tj ET Q q 0 0 0 rg BT 312.01 245.25 Td (University) Tj ET Q q 0 0 0 rg BT 353.57 245.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 221.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 221.25 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.25 Td (On ) Tj ET Q q 0 0 0 rg BT 86.48 197.25 Td (September ) Tj ET Q q 0 0 0 rg BT 131.50 197.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 146.25 197.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 171.00 197.25 Td (at ) Tj ET Q q 0 0 0 rg BT 180.48 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 196.06 197.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 224.97 197.25 Td (general ) Tj ET Q q 0 0 0 rg BT 256.65 197.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 291.12 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.70 197.25 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 356.99 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.47 197.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 412.58 197.25 Td (remuneration ) Tj ET Q q 0 0 0 rg BT 468.15 197.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 501.50 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.53 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.12 197.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 564.36 197.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 59.22 185.25 Td (was ) Tj ET Q q 0 0 0 rg BT 77.98 185.25 Td (set ) Tj ET Q q 0 0 0 rg BT 92.31 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.30 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.95 185.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 154.72 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.27 185.25 Td ($400,000. ) Tj ET Q q 0 0 0 rg BT 209.25 185.25 Td (W) Tj ET Q q 0 0 0 rg BT 217.89 185.25 Td (e ) Tj ET Q q 0 0 0 rg BT 225.54 185.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 267.62 185.25 Td (that ) Tj ET Q q 0 0 0 rg BT 285.83 185.25 Td (each ) Tj ET Q q 0 0 0 rg BT 307.36 185.25 Td (non-management ) Tj ET Q q 0 0 0 rg BT 380.00 185.25 Td (director ) Tj ET Q q 0 0 0 rg BT 414.31 185.25 Td (will ) Tj ET Q q 0 0 0 rg BT 433.08 185.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 465.16 185.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 523.91 185.25 Td (for ) Tj ET Q q 0 0 0 rg BT 538.79 185.25 Td (attending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 73.79 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.81 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 98.83 173.25 Td (board ) Tj ET Q q 0 0 0 rg BT 123.29 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.31 173.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 172.48 173.25 Td (as ) Tj ET Q q 0 0 0 rg BT 182.50 173.25 Td (well ) Tj ET Q q 0 0 0 rg BT 201.41 173.25 Td (as ) Tj ET Q q 0 0 0 rg BT 211.43 173.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 255.33 173.25 Td (meetings. ) Tj ET Q q 0 0 0 rg BT 295.62 173.25 Td (In ) Tj ET Q q 0 0 0 rg BT 305.64 173.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 342.60 173.25 Td (each ) Tj ET Q q 0 0 0 rg BT 362.61 173.25 Td (director ) Tj ET Q q 0 0 0 rg BT 395.39 173.25 Td (will ) Tj ET Q q 0 0 0 rg BT 412.64 173.25 Td (be ) Tj ET Q q 0 0 0 rg BT 423.76 173.25 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 470.44 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 483.79 173.25 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 539.90 173.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.23 161.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 92.56 161.25 Td (with ) Tj ET Q q 0 0 0 rg BT 112.79 161.25 Td (attending ) Tj ET Q q 0 0 0 rg BT 152.46 161.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 191.02 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.80 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.48 161.25 Td (board ) Tj ET Q q 0 0 0 rg BT 241.70 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.49 161.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 289.93 161.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.71 161.25 Td (committees. ) Tj ET Q q 0 0 0 rg BT 351.76 161.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 374.21 161.25 Td (director ) Tj ET Q q 0 0 0 rg BT 407.75 161.25 Td (will ) Tj ET Q q 0 0 0 rg BT 425.77 161.25 Td (be ) Tj ET Q q 0 0 0 rg BT 437.66 161.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 459.00 161.25 Td (indemnified ) Tj ET Q q 0 0 0 rg BT 509.78 161.25 Td (by ) Tj ET Q q 0 0 0 rg BT 522.23 161.25 Td (us ) Tj ET Q q 0 0 0 rg BT 533.58 161.25 Td (for ) Tj ET Q q 0 0 0 rg BT 547.69 161.25 Td (actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 79.85 149.25 Td (with ) Tj ET Q q 0 0 0 rg BT 100.39 149.25 Td (being ) Tj ET Q q 0 0 0 rg BT 125.36 149.25 Td (a ) Tj ET Q q 0 0 0 rg BT 132.56 149.25 Td (director ) Tj ET Q q 0 0 0 rg BT 166.41 149.25 Td (to ) Tj ET Q q 0 0 0 rg BT 176.95 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.92 149.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 219.11 149.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 260.19 149.25 Td (under ) Tj ET Q q 0 0 0 rg BT 285.72 149.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 325.13 149.25 Td (law) Tj ET Q q 0 0 0 rg BT 338.92 149.25 Td (. ) Tj ET Q q 0 0 0 rg BT 344.18 149.25 Td (Further) Tj ET Q q 0 0 0 rg BT 373.21 149.25 Td (, ) Tj ET Q q 0 0 0 rg BT 378.47 149.25 Td (none ) Tj ET Q q 0 0 0 rg BT 400.67 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.76 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.73 149.25 Td (members ) Tj ET Q q 0 0 0 rg BT 466.14 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.23 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 493.32 149.25 Td (board ) Tj ET Q q 0 0 0 rg BT 518.85 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.93 149.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 567.68 149.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 137.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 69.21 137.25 Td (will ) Tj ET Q q 0 0 0 rg BT 87.61 137.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 119.33 137.25 Td (any ) Tj ET Q q 0 0 0 rg BT 136.62 137.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 171.12 137.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 193.97 137.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 242.92 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.10 137.25 Td (their ) Tj ET Q q 0 0 0 rg BT 275.28 137.25 Td (directorships ) Tj ET Q q 0 0 0 rg BT 329.78 137.25 Td (or ) Tj ET Q q 0 0 0 rg BT 340.96 137.25 Td (of) Tj ET Q q 0 0 0 rg BT 349.11 137.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 374.17 137.25 Td (positions. ) Tj ET Q q 0 0 0 rg BT 415.64 137.25 Td (For ) Tj ET Q q 0 0 0 rg BT 432.38 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.45 137.25 Td (year ) Tj ET Q q 0 0 0 rg BT 467.51 137.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 494.24 137.25 Td (December ) Tj ET Q q 0 0 0 rg BT 538.17 137.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 553.52 137.25 Td (2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 50.16 125.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.88 125.25 Td ($210,000 ) Tj ET Q q 0 0 0 rg BT 109.88 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.16 125.25 Td (total ) Tj ET Q q 0 0 0 rg BT 140.43 125.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 198.47 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.75 125.25 Td (directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 101.25 Td (All references in this ) Tj ET Q q 0 0 0 rg BT 157.53 101.25 Td (Annual Report to our of) Tj ET Q q 0 0 0 rg BT 257.88 101.25 Td (ficers include those of) Tj ET Q q 0 0 0 rg BT 350.72 101.25 Td (ficers of North ) Tj ET Q q 0 0 0 rg BT 411.53 101.25 Td (Atlantic Management and Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (Management who perform or performed, as the case my be, executive of) Tj ET Q q 0 0 0 rg BT 326.54 89.25 Td (ficer services for our benefit. For the year ending December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (31, 2013, our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 169.40 77.25 Td (ficer was paid aggregate compensation, excluding stock options, of $0.6 million, and exercised stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td (options of $0.1 million under the Seadrill stock option plan, in relation to his services to us and our parent company Seadrill. ) Tj ET Q q 0 0 0 rg BT 537.12 65.25 Td (W) Tj ET Q q 0 0 0 rg BT 545.76 65.25 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.25 Td (recorded our share of these costs, amounting to $0.5 million, in our consolidated financial statements. Until February 2014, our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 86.08 41.25 Td (ficer was employed through Seadrill Management pursuant to a Services ) Tj ET Q q 0 0 0 rg BT 378.78 41.25 Td (Agreement. Pursuant to this Services ) Tj ET Q q 0 0 0 rg BT 528.75 41.25 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (Seadrill Management also provides us with certain other management services. ) Tj ET Q q 0 0 0 rg BT 354.89 749.10 Td (W) Tj ET Q q 0 0 0 rg BT 363.52 749.10 Td (e pay Seadrill Management a fee that includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (operating cost attributable to us plus a mar) Tj ET Q q 0 0 0 rg BT 206.05 737.10 Td (gin of 8%. In consideration of the services provided to us for the year ending December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (2013, including services of , our Chief Financial Of) Tj ET Q q 0 0 0 rg BT 244.94 725.10 Td (ficer during that time, we paid Seadrill Management remuneration for its services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (in the amount of $26.0 million and $18.9 million, respectively) Tj ET Q q 0 0 0 rg BT 284.20 713.10 Td (. See Item 7 . Related Party ) Tj ET Q q 0 0 0 rg BT 400.38 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 406.13 713.10 Td (ransactions - B. Related Party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 701.10 Td (ransactions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 639.90 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 639.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 639.90 Td (Board Practices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 615.90 Td (Each ) Tj ET Q q 0 0 0 rg BT 95.01 615.90 Td (director ) Tj ET Q q 0 0 0 rg BT 129.13 615.90 Td (holds ) Tj ET Q q 0 0 0 rg BT 153.83 615.90 Td (of) Tj ET Q q 0 0 0 rg BT 161.98 615.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 179.99 615.90 Td (until ) Tj ET Q q 0 0 0 rg BT 201.35 615.90 Td (his ) Tj ET Q q 0 0 0 rg BT 216.05 615.90 Td (or ) Tj ET Q q 0 0 0 rg BT 227.40 615.90 Td (her ) Tj ET Q q 0 0 0 rg BT 243.20 615.90 Td (term ) Tj ET Q q 0 0 0 rg BT 264.55 615.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 296.45 615.90 Td (at ) Tj ET Q q 0 0 0 rg BT 306.70 615.90 Td (the ) Tj ET Q q 0 0 0 rg BT 321.94 615.90 Td (next ) Tj ET Q q 0 0 0 rg BT 342.18 615.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 371.86 615.90 Td (general ) Tj ET Q q 0 0 0 rg BT 404.31 615.90 Td (meeting ) Tj ET Q q 0 0 0 rg BT 439.55 615.90 Td (of ) Tj ET Q q 0 0 0 rg BT 450.91 615.90 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 504.47 615.90 Td (or ) Tj ET Q q 0 0 0 rg BT 515.83 615.90 Td (until ) Tj ET Q q 0 0 0 rg BT 537.19 615.90 Td (his ) Tj ET Q q 0 0 0 rg BT 551.89 615.90 Td (or ) Tj ET Q q 0 0 0 rg BT 563.24 615.90 Td (her ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 603.90 Td (death, ) Tj ET Q q 0 0 0 rg BT 63.15 603.90 Td (resignation, ) Tj ET Q q 0 0 0 rg BT 113.07 603.90 Td (removal ) Tj ET Q q 0 0 0 rg BT 148.82 603.90 Td (or ) Tj ET Q q 0 0 0 rg BT 160.14 603.90 Td (the ) Tj ET Q q 0 0 0 rg BT 175.35 603.90 Td (earlier ) Tj ET Q q 0 0 0 rg BT 203.87 603.90 Td (termination ) Tj ET Q q 0 0 0 rg BT 252.96 603.90 Td (of ) Tj ET Q q 0 0 0 rg BT 264.28 603.90 Td (his ) Tj ET Q q 0 0 0 rg BT 278.94 603.90 Td (or ) Tj ET Q q 0 0 0 rg BT 290.26 603.90 Td (her ) Tj ET Q q 0 0 0 rg BT 306.02 603.90 Td (term ) Tj ET Q q 0 0 0 rg BT 327.33 603.90 Td (of ) Tj ET Q q 0 0 0 rg BT 338.65 603.90 Td (of) Tj ET Q q 0 0 0 rg BT 346.80 603.90 Td (fice. ) Tj ET Q q 0 0 0 rg BT 366.62 603.90 Td (All ) Tj ET Q q 0 0 0 rg BT 382.38 603.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 420.36 603.90 Td (whose ) Tj ET Q q 0 0 0 rg BT 448.90 603.90 Td (term ) Tj ET Q q 0 0 0 rg BT 470.21 603.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 502.08 603.90 Td (are ) Tj ET Q q 0 0 0 rg BT 517.28 603.90 Td (eligible ) Tj ET Q q 0 0 0 rg BT 550.26 603.90 Td (for ) Tj ET Q q 0 0 0 rg BT 564.91 603.90 Td (re-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 591.90 Td (election. ) Tj ET Q q 0 0 0 rg BT 73.80 591.90 Td (Of) Tj ET Q q 0 0 0 rg BT 84.17 591.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 110.02 591.90 Td (are ) Tj ET Q q 0 0 0 rg BT 125.88 591.90 Td (appointed ) Tj ET Q q 0 0 0 rg BT 168.96 591.90 Td (from ) Tj ET Q q 0 0 0 rg BT 192.04 591.90 Td (time ) Tj ET Q q 0 0 0 rg BT 213.47 591.90 Td (to ) Tj ET Q q 0 0 0 rg BT 224.89 591.90 Td (time ) Tj ET Q q 0 0 0 rg BT 246.31 591.90 Td (by ) Tj ET Q q 0 0 0 rg BT 259.96 591.90 Td (our ) Tj ET Q q 0 0 0 rg BT 276.94 591.90 Td (board ) Tj ET Q q 0 0 0 rg BT 303.35 591.90 Td (of ) Tj ET Q q 0 0 0 rg BT 315.33 591.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 353.96 591.90 Td (and ) Tj ET Q q 0 0 0 rg BT 372.05 591.90 Td (hold ) Tj ET Q q 0 0 0 rg BT 393.48 591.90 Td (of) Tj ET Q q 0 0 0 rg BT 401.63 591.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 420.26 591.90 Td (until ) Tj ET Q q 0 0 0 rg BT 442.24 591.90 Td (a ) Tj ET Q q 0 0 0 rg BT 450.33 591.90 Td (successor ) Tj ET Q q 0 0 0 rg BT 492.29 591.90 Td (is ) Tj ET Q q 0 0 0 rg BT 502.61 591.90 Td (appointed ) Tj ET Q q 0 0 0 rg BT 545.69 591.90 Td (or ) Tj ET Q q 0 0 0 rg BT 557.67 591.90 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 579.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 88.49 579.90 Td (is ) Tj ET Q q 0 0 0 rg BT 97.66 579.90 Td (terminated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 555.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.68 555.90 Td (board ) Tj ET Q q 0 0 0 rg BT 116.58 555.90 Td (of ) Tj ET Q q 0 0 0 rg BT 128.04 555.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 166.15 555.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 205.37 555.90 Td (consists ) Tj ET Q q 0 0 0 rg BT 240.17 555.90 Td (of ) Tj ET Q q 0 0 0 rg BT 251.63 555.90 Td (six ) Tj ET Q q 0 0 0 rg BT 266.43 555.90 Td (members, ) Tj ET Q q 0 0 0 rg BT 308.71 555.90 Td (of ) Tj ET Q q 0 0 0 rg BT 320.17 555.90 Td (which ) Tj ET Q q 0 0 0 rg BT 347.74 555.90 Td (two ) Tj ET Q q 0 0 0 rg BT 365.87 555.90 Td (are ) Tj ET Q q 0 0 0 rg BT 381.21 555.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 427.65 555.90 Td (independent ) Tj ET Q q 0 0 0 rg BT 488.53 555.90 Td (under ) Tj ET Q q 0 0 0 rg BT 514.43 555.90 Td (the ) Tj ET Q q 0 0 0 rg BT 529.77 555.90 Td (rules ) Tj ET Q q 0 0 0 rg BT 552.34 555.90 Td (of ) Tj ET Q q 0 0 0 rg BT 563.80 555.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 543.90 Td (NYSE: ) Tj ET Q q 0 0 0 rg BT 67.39 543.90 Td (Mrs.Blankenship ) Tj ET Q q 0 0 0 rg BT 141.00 543.90 Td (and ) Tj ET Q q 0 0 0 rg BT 157.94 543.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 169.61 543.90 Td (. ) Tj ET Q q 0 0 0 rg BT 174.61 543.90 Td (Leand.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 519.90 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 519.90 Td (e ) Tj ET Q q 0 0 0 rg BT 87.58 519.90 Td (do ) Tj ET Q q 0 0 0 rg BT 100.08 519.90 Td (not ) Tj ET Q q 0 0 0 rg BT 115.35 519.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 152.84 519.90 Td (service ) Tj ET Q q 0 0 0 rg BT 183.66 519.90 Td (contracts ) Tj ET Q q 0 0 0 rg BT 222.25 519.90 Td (with ) Tj ET Q q 0 0 0 rg BT 242.53 519.90 Td (any ) Tj ET Q q 0 0 0 rg BT 259.47 519.90 Td (of ) Tj ET Q q 0 0 0 rg BT 270.30 519.90 Td (our ) Tj ET Q q 0 0 0 rg BT 286.13 519.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 323.62 519.90 Td (providing ) Tj ET Q q 0 0 0 rg BT 365.00 519.90 Td (for ) Tj ET Q q 0 0 0 rg BT 379.16 519.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 413.32 519.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 435.82 519.90 Td (termination ) Tj ET Q q 0 0 0 rg BT 484.42 519.90 Td (of ) Tj ET Q q 0 0 0 rg BT 495.25 519.90 Td (employment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.24 519.90 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 495.90 Td (Committees of the Board of Directors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 471.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.22 471.90 Td (board ) Tj ET Q q 0 0 0 rg BT 117.65 471.90 Td (of ) Tj ET Q q 0 0 0 rg BT 129.64 471.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 168.29 471.90 Td (has ) Tj ET Q q 0 0 0 rg BT 185.29 471.90 Td (established ) Tj ET Q q 0 0 0 rg BT 233.39 471.90 Td (an ) Tj ET Q q 0 0 0 rg BT 246.49 471.90 Td (audit ) Tj ET Q q 0 0 0 rg BT 270.15 471.90 Td (committee ) Tj ET Q q 0 0 0 rg BT 316.02 471.90 Td (that ) Tj ET Q q 0 0 0 rg BT 334.68 471.90 Td (consists ) Tj ET Q q 0 0 0 rg BT 370.02 471.90 Td (of ) Tj ET Q q 0 0 0 rg BT 382.01 471.90 Td (one ) Tj ET Q q 0 0 0 rg BT 400.11 471.90 Td (director) Tj ET Q q 0 0 0 rg BT 430.81 471.90 Td (, ) Tj ET Q q 0 0 0 rg BT 436.97 471.90 Td (Mrs.Kate ) Tj ET Q q 0 0 0 rg BT 480.63 471.90 Td (Blankenship. ) Tj ET Q q 0 0 0 rg BT 536.79 471.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 556.00 471.90 Td (audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 459.90 Td (committee ) Tj ET Q q 0 0 0 rg BT 81.26 459.90 Td (is ) Tj ET Q q 0 0 0 rg BT 90.99 459.90 Td (responsible ) Tj ET Q q 0 0 0 rg BT 139.59 459.90 Td (for ) Tj ET Q q 0 0 0 rg BT 154.31 459.90 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 191.81 459.90 Td (that ) Tj ET Q q 0 0 0 rg BT 209.86 459.90 Td (we ) Tj ET Q q 0 0 0 rg BT 224.57 459.90 Td (have ) Tj ET Q q 0 0 0 rg BT 246.51 459.90 Td (an ) Tj ET Q q 0 0 0 rg BT 259.00 459.90 Td (independent ) Tj ET Q q 0 0 0 rg BT 310.93 459.90 Td (and ) Tj ET Q q 0 0 0 rg BT 328.43 459.90 Td (ef) Tj ET Q q 0 0 0 rg BT 336.01 459.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 366.27 459.90 Td (internal ) Tj ET Q q 0 0 0 rg BT 399.87 459.90 Td (and ) Tj ET Q q 0 0 0 rg BT 417.37 459.90 Td (external ) Tj ET Q q 0 0 0 rg BT 452.63 459.90 Td (audit ) Tj ET Q q 0 0 0 rg BT 475.68 459.90 Td (system. ) Tj ET Q q 0 0 0 rg BT 508.34 459.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 558.24 459.90 Td (, ) Tj ET Q q 0 0 0 rg BT 563.80 459.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 447.90 Td (audit ) Tj ET Q q 0 0 0 rg BT 57.55 447.90 Td (committee ) Tj ET Q q 0 0 0 rg BT 101.32 447.90 Td (supports ) Tj ET Q q 0 0 0 rg BT 136.77 447.90 Td (the ) Tj ET Q q 0 0 0 rg BT 150.54 447.90 Td (board ) Tj ET Q q 0 0 0 rg BT 174.87 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 184.75 447.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 221.30 447.90 Td (in ) Tj ET Q q 0 0 0 rg BT 230.63 447.90 Td (the ) Tj ET Q q 0 0 0 rg BT 244.41 447.90 Td (administration ) Tj ET Q q 0 0 0 rg BT 303.73 447.90 Td (and ) Tj ET Q q 0 0 0 rg BT 319.73 447.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 354.04 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 363.93 447.90 Td (its ) Tj ET Q q 0 0 0 rg BT 374.94 447.90 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 430.94 447.90 Td (for ) Tj ET Q q 0 0 0 rg BT 444.15 447.90 Td (supervisory ) Tj ET Q q 0 0 0 rg BT 492.37 447.90 Td (oversight ) Tj ET Q q 0 0 0 rg BT 531.15 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 541.03 447.90 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 435.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 75.30 435.90 Td (and ) Tj ET Q q 0 0 0 rg BT 92.38 435.90 Td (internal ) Tj ET Q q 0 0 0 rg BT 125.56 435.90 Td (control ) Tj ET Q q 0 0 0 rg BT 156.52 435.90 Td (matters ) Tj ET Q q 0 0 0 rg BT 188.60 435.90 Td (and ) Tj ET Q q 0 0 0 rg BT 205.68 435.90 Td (maintains ) Tj ET Q q 0 0 0 rg BT 247.20 435.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 295.37 435.90 Td (relationships ) Tj ET Q q 0 0 0 rg BT 349.12 435.90 Td (with ) Tj ET Q q 0 0 0 rg BT 369.54 435.90 Td (our ) Tj ET Q q 0 0 0 rg BT 385.51 435.90 Td (auditors. ) Tj ET Q q 0 0 0 rg BT 422.86 435.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 441.06 435.90 Td (board ) Tj ET Q q 0 0 0 rg BT 466.46 435.90 Td (of ) Tj ET Q q 0 0 0 rg BT 477.44 435.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 515.06 435.90 Td (has ) Tj ET Q q 0 0 0 rg BT 531.03 435.90 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 423.90 Td (that ) Tj ET Q q 0 0 0 rg BT 52.81 423.90 Td (Mrs. ) Tj ET Q q 0 0 0 rg BT 73.24 423.90 Td (Blankenship ) Tj ET Q q 0 0 0 rg BT 125.05 423.90 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 161.30 423.90 Td (as ) Tj ET Q q 0 0 0 rg BT 171.44 423.90 Td (independent ) Tj ET Q q 0 0 0 rg BT 231.01 423.90 Td (under ) Tj ET Q q 0 0 0 rg BT 255.59 423.90 Td (Rule ) Tj ET Q q 0 0 0 rg BT 276.29 423.90 Td (10A-3 ) Tj ET Q q 0 0 0 rg BT 303.66 423.90 Td (under ) Tj ET Q q 0 0 0 rg BT 328.25 423.90 Td (the ) Tj ET Q q 0 0 0 rg BT 342.28 423.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 383.12 423.90 Td (Act, ) Tj ET Q q 0 0 0 rg BT 401.87 423.90 Td (and ) Tj ET Q q 0 0 0 rg BT 418.12 423.90 Td (as ) Tj ET Q q 0 0 0 rg BT 428.27 423.90 Td (an ) Tj ET Q q 0 0 0 rg BT 439.52 423.90 Td (audit ) Tj ET Q q 0 0 0 rg BT 465.77 423.90 Td (committee ) Tj ET Q q 0 0 0 rg BT 509.80 423.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 546.59 423.90 Td (expert ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 411.90 Td (for ) Tj ET Q q 0 0 0 rg BT 50.16 411.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 88.21 411.90 Td (of ) Tj ET Q q 0 0 0 rg BT 99.04 411.90 Td (SEC ) Tj ET Q q 0 0 0 rg BT 119.88 411.90 Td (rules ) Tj ET Q q 0 0 0 rg BT 141.82 411.90 Td (and ) Tj ET Q q 0 0 0 rg BT 158.76 411.90 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 387.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.23 387.90 Td (board ) Tj ET Q q 0 0 0 rg BT 115.68 387.90 Td (of ) Tj ET Q q 0 0 0 rg BT 126.69 387.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 164.35 387.90 Td (has ) Tj ET Q q 0 0 0 rg BT 180.36 387.90 Td (also ) Tj ET Q q 0 0 0 rg BT 199.15 387.90 Td (established ) Tj ET Q q 0 0 0 rg BT 246.27 387.90 Td (a ) Tj ET Q q 0 0 0 rg BT 253.38 387.90 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 290.50 387.90 Td (committee ) Tj ET Q q 0 0 0 rg BT 335.38 387.90 Td (composed ) Tj ET Q q 0 0 0 rg BT 378.61 387.90 Td (of ) Tj ET Q q 0 0 0 rg BT 389.62 387.90 Td (at ) Tj ET Q q 0 0 0 rg BT 399.52 387.90 Td (least ) Tj ET Q q 0 0 0 rg BT 420.52 387.90 Td (two ) Tj ET Q q 0 0 0 rg BT 438.20 387.90 Td (members ) Tj ET Q q 0 0 0 rg BT 477.54 387.90 Td (of ) Tj ET Q q 0 0 0 rg BT 488.55 387.90 Td (our ) Tj ET Q q 0 0 0 rg BT 504.56 387.90 Td (board ) Tj ET Q q 0 0 0 rg BT 530.00 387.90 Td (of ) Tj ET Q q 0 0 0 rg BT 541.01 387.90 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 375.90 Td (to ) Tj ET Q q 0 0 0 rg BT 46.13 375.90 Td (review ) Tj ET Q q 0 0 0 rg BT 75.68 375.90 Td (all ) Tj ET Q q 0 0 0 rg BT 88.02 375.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 138.13 375.90 Td (that ) Tj ET Q q 0 0 0 rg BT 155.48 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 170.04 375.90 Td (board ) Tj ET Q q 0 0 0 rg BT 195.16 375.90 Td (of ) Tj ET Q q 0 0 0 rg BT 205.84 375.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 243.17 375.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 278.28 375.90 Td (may ) Tj ET Q q 0 0 0 rg BT 297.84 375.90 Td (involve ) Tj ET Q q 0 0 0 rg BT 330.19 375.90 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 366.97 375.90 Td (of ) Tj ET Q q 0 0 0 rg BT 377.65 375.90 Td (interest, ) Tj ET Q q 0 0 0 rg BT 411.93 375.90 Td (including ) Tj ET Q q 0 0 0 rg BT 452.05 375.90 Td (without ) Tj ET Q q 0 0 0 rg BT 484.95 375.90 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 528.69 375.90 Td (the ) Tj ET Q q 0 0 0 rg BT 543.25 375.90 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 47.62 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 63.12 363.90 Td (right ) Tj ET Q q 0 0 0 rg BT 85.29 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 96.91 363.90 Td (first ) Tj ET Q q 0 0 0 rg BT 116.30 363.90 Td (refusal ) Tj ET Q q 0 0 0 rg BT 146.80 363.90 Td (or ) Tj ET Q q 0 0 0 rg BT 158.41 363.90 Td (any ) Tj ET Q q 0 0 0 rg BT 176.14 363.90 Td (waiver ) Tj ET Q q 0 0 0 rg BT 206.63 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 218.25 363.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 244.31 363.90 Td (under ) Tj ET Q q 0 0 0 rg BT 270.37 363.90 Td (the ) Tj ET Q q 0 0 0 rg BT 285.87 363.90 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 337.86 363.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 388.07 363.90 Td (and ) Tj ET Q q 0 0 0 rg BT 405.80 363.90 Td (will ) Tj ET Q q 0 0 0 rg BT 424.64 363.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 467.91 363.90 Td (if ) Tj ET Q q 0 0 0 rg BT 477.30 363.90 Td (such ) Tj ET Q q 0 0 0 rg BT 498.92 363.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 546.08 363.90 Td (and ) Tj ET Q q 0 0 0 rg BT 563.80 363.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 351.90 Td (resolution ) Tj ET Q q 0 0 0 rg BT 79.10 351.90 Td (of ) Tj ET Q q 0 0 0 rg BT 90.53 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 105.85 351.90 Td (conflict ) Tj ET Q q 0 0 0 rg BT 139.49 351.90 Td (of ) Tj ET Q q 0 0 0 rg BT 150.92 351.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.46 351.90 Td (is ) Tj ET Q q 0 0 0 rg BT 193.23 351.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.21 351.90 Td (and ) Tj ET Q q 0 0 0 rg BT 227.75 351.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 273.61 351.90 Td (to ) Tj ET Q q 0 0 0 rg BT 284.49 351.90 Td (us. ) Tj ET Q q 0 0 0 rg BT 298.30 351.90 Td (At ) Tj ET Q q 0 0 0 rg BT 311.40 351.90 Td (least ) Tj ET Q q 0 0 0 rg BT 332.83 351.90 Td (50% ) Tj ET Q q 0 0 0 rg BT 354.26 351.90 Td (of ) Tj ET Q q 0 0 0 rg BT 365.69 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 381.01 351.90 Td (members ) Tj ET Q q 0 0 0 rg BT 420.77 351.90 Td (of ) Tj ET Q q 0 0 0 rg BT 432.20 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 447.52 351.90 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 485.05 351.90 Td (committee ) Tj ET Q q 0 0 0 rg BT 530.36 351.90 Td (may ) Tj ET Q q 0 0 0 rg BT 550.68 351.90 Td (not ) Tj ET Q q 0 0 0 rg BT 566.56 351.90 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 339.90 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 339.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 68.13 339.90 Td (or ) Tj ET Q q 0 0 0 rg BT 78.23 339.90 Td (employees ) Tj ET Q q 0 0 0 rg BT 122.77 339.90 Td (of ) Tj ET Q q 0 0 0 rg BT 132.87 339.90 Td (us ) Tj ET Q q 0 0 0 rg BT 143.53 339.90 Td (or ) Tj ET Q q 0 0 0 rg BT 153.64 339.90 Td (directors, ) Tj ET Q q 0 0 0 rg BT 192.89 339.90 Td (of) Tj ET Q q 0 0 0 rg BT 201.04 339.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 225.02 339.90 Td (or ) Tj ET Q q 0 0 0 rg BT 235.13 339.90 Td (employees ) Tj ET Q q 0 0 0 rg BT 279.66 339.90 Td (of ) Tj ET Q q 0 0 0 rg BT 289.76 339.90 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 322.64 339.90 Td (or ) Tj ET Q q 0 0 0 rg BT 332.74 339.90 Td (its ) Tj ET Q q 0 0 0 rg BT 343.96 339.90 Td (af) Tj ET Q q 0 0 0 rg BT 351.55 339.90 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 382.65 339.90 Td (Any ) Tj ET Q q 0 0 0 rg BT 401.64 339.90 Td (matters ) Tj ET Q q 0 0 0 rg BT 432.85 339.90 Td (approved ) Tj ET Q q 0 0 0 rg BT 471.82 339.90 Td (by ) Tj ET Q q 0 0 0 rg BT 483.60 339.90 Td (the ) Tj ET Q q 0 0 0 rg BT 497.59 339.90 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 533.79 339.90 Td (committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 327.90 Td (will ) Tj ET Q q 0 0 0 rg BT 54.10 327.90 Td (be ) Tj ET Q q 0 0 0 rg BT 66.09 327.90 Td (conclusively ) Tj ET Q q 0 0 0 rg BT 119.18 327.90 Td (deemed ) Tj ET Q q 0 0 0 rg BT 152.82 327.90 Td (to ) Tj ET Q q 0 0 0 rg BT 163.15 327.90 Td (be ) Tj ET Q q 0 0 0 rg BT 175.13 327.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 191.56 327.90 Td (and ) Tj ET Q q 0 0 0 rg BT 208.55 327.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 253.85 327.90 Td (to ) Tj ET Q q 0 0 0 rg BT 264.17 327.90 Td (us, ) Tj ET Q q 0 0 0 rg BT 278.11 327.90 Td (and ) Tj ET Q q 0 0 0 rg BT 295.10 327.90 Td (not ) Tj ET Q q 0 0 0 rg BT 310.43 327.90 Td (a ) Tj ET Q q 0 0 0 rg BT 317.41 327.90 Td (breach ) Tj ET Q q 0 0 0 rg BT 346.61 327.90 Td (by ) Tj ET Q q 0 0 0 rg BT 359.15 327.90 Td (our ) Tj ET Q q 0 0 0 rg BT 375.03 327.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 412.56 327.90 Td (of ) Tj ET Q q 0 0 0 rg BT 423.44 327.90 Td (any ) Tj ET Q q 0 0 0 rg BT 440.43 327.90 Td (duties ) Tj ET Q q 0 0 0 rg BT 466.86 327.90 Td (any ) Tj ET Q q 0 0 0 rg BT 483.85 327.90 Td (of ) Tj ET Q q 0 0 0 rg BT 494.73 327.90 Td (them ) Tj ET Q q 0 0 0 rg BT 517.27 327.90 Td (may ) Tj ET Q q 0 0 0 rg BT 537.04 327.90 Td (owe ) Tj ET Q q 0 0 0 rg BT 556.24 327.90 Td (us ) Tj ET Q q 0 0 0 rg BT 567.68 327.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 315.90 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 315.90 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 291.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.05 291.90 Td (board ) Tj ET Q q 0 0 0 rg BT 115.32 291.90 Td (of ) Tj ET Q q 0 0 0 rg BT 126.15 291.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 163.64 291.90 Td (may) Tj ET Q q 0 0 0 rg BT 180.20 291.90 Td (, ) Tj ET Q q 0 0 0 rg BT 185.20 291.90 Td (in ) Tj ET Q q 0 0 0 rg BT 195.48 291.90 Td (the ) Tj ET Q q 0 0 0 rg BT 210.20 291.90 Td (future, ) Tj ET Q q 0 0 0 rg BT 239.08 291.90 Td (establish ) Tj ET Q q 0 0 0 rg BT 276.57 291.90 Td (such ) Tj ET Q q 0 0 0 rg BT 297.40 291.90 Td (other ) Tj ET Q q 0 0 0 rg BT 320.45 291.90 Td (committees ) Tj ET Q q 0 0 0 rg BT 369.05 291.90 Td (as ) Tj ET Q q 0 0 0 rg BT 379.88 291.90 Td (it ) Tj ET Q q 0 0 0 rg BT 387.93 291.90 Td (determines ) Tj ET Q q 0 0 0 rg BT 434.30 291.90 Td (from ) Tj ET Q q 0 0 0 rg BT 456.24 291.90 Td (time ) Tj ET Q q 0 0 0 rg BT 476.52 291.90 Td (to ) Tj ET Q q 0 0 0 rg BT 486.79 291.90 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 267.90 Td (D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 267.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 267.90 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 243.90 Td (As ) Tj ET Q q 0 0 0 rg BT 84.36 243.90 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 243.90 Td (December ) Tj ET Q q 0 0 0 rg BT 136.28 243.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 160.03 243.90 Td (we ) Tj ET Q q 0 0 0 rg BT 172.94 243.90 Td (employed ) Tj ET Q q 0 0 0 rg BT 213.62 243.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 272.63 243.90 Td (1,695 ) Tj ET Q q 0 0 0 rg BT 296.38 243.90 Td (people, ) Tj ET Q q 0 0 0 rg BT 326.79 243.90 Td (including ) Tj ET Q q 0 0 0 rg BT 365.81 243.90 Td (contracted ) Tj ET Q q 0 0 0 rg BT 408.70 243.90 Td (labor) Tj ET Q q 0 0 0 rg BT 428.85 243.90 Td (, ) Tj ET Q q 0 0 0 rg BT 432.60 243.90 Td (in ) Tj ET Q q 0 0 0 rg BT 441.62 243.90 Td (our ) Tj ET Q q 0 0 0 rg BT 456.20 243.90 Td (of) Tj ET Q q 0 0 0 rg BT 464.35 243.90 Td (fices ) Tj ET Q q 0 0 0 rg BT 484.48 243.90 Td (in ) Tj ET Q q 0 0 0 rg BT 493.51 243.90 Td (Stavanger) Tj ET Q q 0 0 0 rg BT 533.09 243.90 Td (, ) Tj ET Q q 0 0 0 rg BT 536.84 243.90 Td (Bermuda, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 231.90 Td (Ber) Tj ET Q q 0 0 0 rg BT 50.26 231.90 Td (gen ) Tj ET Q q 0 0 0 rg BT 66.61 231.90 Td (and ) Tj ET Q q 0 0 0 rg BT 82.54 231.90 Td (Aberdeen, ) Tj ET Q q 0 0 0 rg BT 125.83 231.90 Td (including ) Tj ET Q q 0 0 0 rg BT 165.52 231.90 Td (31) Tj ET Q q 0 0 0 rg BT 175.15 231.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 182.06 231.90 Td (onshore ) Tj ET Q q 0 0 0 rg BT 215.64 231.90 Td (employees ) Tj ET Q q 0 0 0 rg BT 260.32 231.90 Td (and ) Tj ET Q q 0 0 0 rg BT 276.68 231.90 Td (1,384 ) Tj ET Q q 0 0 0 rg BT 301.09 231.90 Td (of) Tj ET Q q 0 0 0 rg BT 309.24 231.90 Td (fshore ) Tj ET Q q 0 0 0 rg BT 336.15 231.90 Td (employees. ) Tj ET Q q 0 0 0 rg BT 383.33 231.90 Td (Some ) Tj ET Q q 0 0 0 rg BT 408.02 231.90 Td (of ) Tj ET Q q 0 0 0 rg BT 418.27 231.90 Td (our ) Tj ET Q q 0 0 0 rg BT 433.52 231.90 Td (employees ) Tj ET Q q 0 0 0 rg BT 478.20 231.90 Td (and ) Tj ET Q q 0 0 0 rg BT 494.55 231.90 Td (our ) Tj ET Q q 0 0 0 rg BT 509.80 231.90 Td (contracted ) Tj ET Q q 0 0 0 rg BT 553.36 231.90 Td (labor) Tj ET Q q 0 0 0 rg BT 573.50 231.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 219.90 Td (who ) Tj ET Q q 0 0 0 rg BT 55.82 219.90 Td (work ) Tj ET Q q 0 0 0 rg BT 78.98 219.90 Td (in ) Tj ET Q q 0 0 0 rg BT 89.36 219.90 Td (Norway ) Tj ET Q q 0 0 0 rg BT 124.17 219.90 Td (and ) Tj ET Q q 0 0 0 rg BT 141.21 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 156.03 219.90 Td (United ) Tj ET Q q 0 0 0 rg BT 185.85 219.90 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 228.73 219.90 Td (are ) Tj ET Q q 0 0 0 rg BT 243.54 219.90 Td (represented ) Tj ET Q q 0 0 0 rg BT 292.22 219.90 Td (by ) Tj ET Q q 0 0 0 rg BT 304.82 219.90 Td (collective ) Tj ET Q q 0 0 0 rg BT 346.29 219.90 Td (bar) Tj ET Q q 0 0 0 rg BT 358.88 219.90 Td (gaining ) Tj ET Q q 0 0 0 rg BT 391.48 219.90 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 441.54 219.90 Td (As ) Tj ET Q q 0 0 0 rg BT 455.25 219.90 Td (part ) Tj ET Q q 0 0 0 rg BT 473.40 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 484.33 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 499.15 219.90 Td (legal ) Tj ET Q q 0 0 0 rg BT 521.18 219.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 568.23 219.90 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 207.90 Td (some ) Tj ET Q q 0 0 0 rg BT 59.19 207.90 Td (of ) Tj ET Q q 0 0 0 rg BT 69.60 207.90 Td (these ) Tj ET Q q 0 0 0 rg BT 92.22 207.90 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 142.33 207.90 Td (we ) Tj ET Q q 0 0 0 rg BT 156.07 207.90 Td (are ) Tj ET Q q 0 0 0 rg BT 170.36 207.90 Td (required ) Tj ET Q q 0 0 0 rg BT 205.75 207.90 Td (to ) Tj ET Q q 0 0 0 rg BT 215.61 207.90 Td (contribute ) Tj ET Q q 0 0 0 rg BT 258.23 207.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 287.51 207.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 323.48 207.90 Td (to ) Tj ET Q q 0 0 0 rg BT 333.34 207.90 Td (retirement ) Tj ET Q q 0 0 0 rg BT 376.50 207.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 400.81 207.90 Td (and ) Tj ET Q q 0 0 0 rg BT 417.32 207.90 Td (pension ) Tj ET Q q 0 0 0 rg BT 450.51 207.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 473.70 207.90 Td (and ) Tj ET Q q 0 0 0 rg BT 490.22 207.90 Td (have ) Tj ET Q q 0 0 0 rg BT 511.17 207.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 550.45 207.90 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 195.90 Td (to ) Tj ET Q q 0 0 0 rg BT 47.71 195.90 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 81.64 195.90 Td (employees. ) Tj ET Q q 0 0 0 rg BT 130.83 195.90 Td (In ) Tj ET Q q 0 0 0 rg BT 143.09 195.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 182.29 195.90 Td (many ) Tj ET Q q 0 0 0 rg BT 208.44 195.90 Td (of ) Tj ET Q q 0 0 0 rg BT 220.70 195.90 Td (these ) Tj ET Q q 0 0 0 rg BT 245.17 195.90 Td (represented ) Tj ET Q q 0 0 0 rg BT 295.18 195.90 Td (individuals ) Tj ET Q q 0 0 0 rg BT 343.55 195.90 Td (are ) Tj ET Q q 0 0 0 rg BT 359.69 195.90 Td (working ) Tj ET Q q 0 0 0 rg BT 396.95 195.90 Td (under ) Tj ET Q q 0 0 0 rg BT 423.64 195.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 473.10 195.90 Td (that ) Tj ET Q q 0 0 0 rg BT 492.03 195.90 Td (are ) Tj ET Q q 0 0 0 rg BT 508.16 195.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 540.41 195.90 Td (to ) Tj ET Q q 0 0 0 rg BT 552.12 195.90 Td (salary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 183.90 Td (negotiation. ) Tj ET Q q 0 0 0 rg BT 85.51 183.90 Td (These ) Tj ET Q q 0 0 0 rg BT 111.56 183.90 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 162.62 183.90 Td (could ) Tj ET Q q 0 0 0 rg BT 187.01 183.90 Td (result ) Tj ET Q q 0 0 0 rg BT 211.40 183.90 Td (in ) Tj ET Q q 0 0 0 rg BT 221.36 183.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 249.08 183.90 Td (personnel ) Tj ET Q q 0 0 0 rg BT 290.13 183.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 314.81 183.90 Td (other ) Tj ET Q q 0 0 0 rg BT 337.53 183.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 377.46 183.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 399.63 183.90 Td (or ) Tj ET Q q 0 0 0 rg BT 410.14 183.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 450.07 183.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 490.01 183.90 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 536.61 183.90 Td (that ) Tj ET Q q 0 0 0 rg BT 553.78 183.90 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 171.90 Td (adversely ) Tj ET Q q 0 0 0 rg BT 76.53 171.90 Td (af) Tj ET Q q 0 0 0 rg BT 84.12 171.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 101.33 171.90 Td (our ) Tj ET Q q 0 0 0 rg BT 116.88 171.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.08 171.90 Td (performance. ) Tj ET Q q 0 0 0 rg BT 209.16 171.90 Td (W) Tj ET Q q 0 0 0 rg BT 217.80 171.90 Td (e ) Tj ET Q q 0 0 0 rg BT 224.45 171.90 Td (consider ) Tj ET Q q 0 0 0 rg BT 260.55 171.90 Td (our ) Tj ET Q q 0 0 0 rg BT 276.10 171.90 Td (relationships ) Tj ET Q q 0 0 0 rg BT 329.42 171.90 Td (with ) Tj ET Q q 0 0 0 rg BT 349.42 171.90 Td (the ) Tj ET Q q 0 0 0 rg BT 363.85 171.90 Td (various ) Tj ET Q q 0 0 0 rg BT 395.51 171.90 Td (unions ) Tj ET Q q 0 0 0 rg BT 424.40 171.90 Td (as ) Tj ET Q q 0 0 0 rg BT 434.95 171.90 Td (stable, ) Tj ET Q q 0 0 0 rg BT 463.00 171.90 Td (productive ) Tj ET Q q 0 0 0 rg BT 507.98 171.90 Td (and ) Tj ET Q q 0 0 0 rg BT 524.64 171.90 Td (professional. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 159.90 Td (At ) Tj ET Q q 0 0 0 rg BT 48.50 159.90 Td (present, ) Tj ET Q q 0 0 0 rg BT 82.38 159.90 Td (there ) Tj ET Q q 0 0 0 rg BT 104.86 159.90 Td (are ) Tj ET Q q 0 0 0 rg BT 119.57 159.90 Td (no ) Tj ET Q q 0 0 0 rg BT 132.07 159.90 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 167.35 159.90 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 218.73 159.90 Td (or ) Tj ET Q q 0 0 0 rg BT 229.56 159.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 278.72 159.90 Td (issues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 135.90 Td (E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 135.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 135.90 Td (Shar) Tj ET Q q 0 0 0 rg BT 92.38 135.90 Td (e ownership) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 111.90 Td (The ) Tj ET Q q 0 0 0 rg BT 89.53 111.90 Td (common ) Tj ET Q q 0 0 0 rg BT 126.51 111.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 153.49 111.90 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 202.67 111.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 231.32 111.90 Td (by ) Tj ET Q q 0 0 0 rg BT 243.31 111.90 Td (our ) Tj ET Q q 0 0 0 rg BT 258.62 111.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 295.60 111.90 Td (and ) Tj ET Q q 0 0 0 rg BT 312.02 111.90 Td (our ) Tj ET Q q 0 0 0 rg BT 327.34 111.90 Td (executive ) Tj ET Q q 0 0 0 rg BT 367.63 111.90 Td (of) Tj ET Q q 0 0 0 rg BT 375.78 111.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 399.98 111.90 Td (are ) Tj ET Q q 0 0 0 rg BT 414.17 111.90 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 453.37 111.90 Td (in ) Tj ET Q q 0 0 0 rg BT 463.14 111.90 Td (Item ) Tj ET Q q 0 0 0 rg BT 487.89 111.90 Td (7. ) Tj ET Q q 0 0 0 rg BT 497.37 111.90 Td (Major ) Tj ET Q q 0 0 0 rg BT 523.80 111.90 Td (Shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 99.90 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 99.90 Td (Related ) Tj ET Q q 0 0 0 rg BT 85.98 99.90 Td (Party ) Tj ET Q q 0 0 0 rg BT 109.41 99.90 Td (T) Tj ET Q q 0 0 0 rg BT 115.17 99.90 Td (ransactions-A. ) Tj ET Q q 0 0 0 rg BT 175.70 99.90 Td (Major ) Tj ET Q q 0 0 0 rg BT 202.64 99.90 Td (Shareholders.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 725.25 Td (On February14, 201) Tj ET Q q 0 0 0 rg BT 154.95 725.25 Td (1, our board of directors resolved to establish a share option based incentive plan for our employees and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (directors, approved a set of rules applicable to the plan and reserved 6,000,000 of our authorized, but unissued common shares for use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (to satisfy future exercises of options granted under the plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 677.25 Td (Further) Tj ET Q q 0 0 0 rg BT 100.04 677.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.27 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.34 677.25 Td (board ) Tj ET Q q 0 0 0 rg BT 146.84 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.90 677.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 195.62 677.25 Td (also ) Tj ET Q q 0 0 0 rg BT 214.47 677.25 Td (resolved ) Tj ET Q q 0 0 0 rg BT 251.08 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.81 677.25 Td (options ) Tj ET Q q 0 0 0 rg BT 300.99 677.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 333.71 677.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 355.88 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.40 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.35 677.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 409.09 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.15 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.10 677.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 481.16 677.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 508.89 677.25 Td (could ) Tj ET Q q 0 0 0 rg BT 533.84 677.25 Td (be ) Tj ET Q q 0 0 0 rg BT 546.01 677.25 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (at ) Tj ET Q q 0 0 0 rg BT 45.72 665.25 Td (an ) Tj ET Q q 0 0 0 rg BT 57.66 665.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 92.91 665.25 Td (price ) Tj ET Q q 0 0 0 rg BT 115.39 665.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 139.55 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.83 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.54 665.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 215.93 665.25 Td (price ) Tj ET Q q 0 0 0 rg BT 238.42 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.70 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.41 665.25 Td (private ) Tj ET Q q 0 0 0 rg BT 293.68 665.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 337.26 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.54 665.25 Td (February ) Tj ET Q q 0 0 0 rg BT 386.14 665.25 Td (201) Tj ET Q q 0 0 0 rg BT 400.77 665.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 410.77 665.25 Td (or ) Tj ET Q q 0 0 0 rg BT 421.60 665.25 Td ($8.50 ) Tj ET Q q 0 0 0 rg BT 446.60 665.25 Td (per ) Tj ET Q q 0 0 0 rg BT 461.87 665.25 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 641.25 Td (No ) Tj ET Q q 0 0 0 rg BT 85.72 641.25 Td (options ) Tj ET Q q 0 0 0 rg BT 117.67 641.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 141.55 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.83 641.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 173.48 641.25 Td (been ) Tj ET Q q 0 0 0 rg BT 194.86 641.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 227.34 641.25 Td (under ) Tj ET Q q 0 0 0 rg BT 252.61 641.25 Td (this ) Tj ET Q q 0 0 0 rg BT 269.56 641.25 Td (plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 617.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.36 617.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.67 617.25 Td (on ) Tj ET Q q 0 0 0 rg BT 133.70 617.25 Td (November7, ) Tj ET Q q 0 0 0 rg BT 188.95 617.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 214.48 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.84 617.25 Td (board ) Tj ET Q q 0 0 0 rg BT 256.65 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.01 617.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 306.03 617.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 346.27 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.74 617.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 398.43 617.25 Td (a ) Tj ET Q q 0 0 0 rg BT 405.90 617.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 446.14 617.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 470.28 617.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 488.87 617.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 511.62 617.25 Td (setting ) Tj ET Q q 0 0 0 rg BT 541.32 617.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 563.79 617.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 58.26 605.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 95.51 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 106.11 605.25 Td (which ) Tj ET Q q 0 0 0 rg BT 133.36 605.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.51 605.25 Td (board ) Tj ET Q q 0 0 0 rg BT 175.10 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.24 605.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 224.05 605.25 Td (may) Tj ET Q q 0 0 0 rg BT 240.61 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 245.93 605.25 Td (at ) Tj ET Q q 0 0 0 rg BT 255.97 605.25 Td (its ) Tj ET Q q 0 0 0 rg BT 268.23 605.25 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 312.98 605.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 336.35 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.94 605.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 379.75 605.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 425.33 605.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 465.35 605.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 489.28 605.25 Td (units ) Tj ET Q q 0 0 0 rg BT 511.54 605.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 563.78 605.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (right ) Tj ET Q q 0 0 0 rg BT 57.76 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 68.41 593.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 100.15 593.25 Td (common ) Tj ET Q q 0 0 0 rg BT 138.01 593.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 165.88 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.08 593.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 190.71 593.25 Td (As ) Tj ET Q q 0 0 0 rg BT 204.69 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.90 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.99 593.25 Td (date ) Tj ET Q q 0 0 0 rg BT 250.51 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.72 593.25 Td (this ) Tj ET Q q 0 0 0 rg BT 279.04 593.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 308.56 593.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 337.81 593.25 Td (278,778 ) Tj ET Q q 0 0 0 rg BT 373.19 593.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 413.26 593.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 437.24 593.25 Td (units ) Tj ET Q q 0 0 0 rg BT 459.56 593.25 Td (have ) Tj ET Q q 0 0 0 rg BT 481.31 593.25 Td (been ) Tj ET Q q 0 0 0 rg BT 503.06 593.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 535.92 593.25 Td (under ) Tj ET Q q 0 0 0 rg BT 561.56 593.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 58.13 581.25 Td (which ) Tj ET Q q 0 0 0 rg BT 84.98 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 99.61 581.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 142.01 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.20 581.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 170.72 581.25 Td (on ) Tj ET Q q 0 0 0 rg BT 183.14 581.25 Td (December1, ) Tj ET Q q 0 0 0 rg BT 236.63 581.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 261.02 581.25 Td (All ) Tj ET Q q 0 0 0 rg BT 276.21 581.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 306.94 581.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.34 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 364.53 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.16 581.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 398.79 581.25 Td (may ) Tj ET Q q 0 0 0 rg BT 418.42 581.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 436.94 581.25 Td (early ) Tj ET Q q 0 0 0 rg BT 459.34 581.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 481.76 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.61 581.25 Td (change ) Tj ET Q q 0 0 0 rg BT 519.34 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.09 581.25 Td (control ) Tj ET Q q 0 0 0 rg BT 560.83 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 571.57 581.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 76.83 569.25 Td (winding ) Tj ET Q q 0 0 0 rg BT 112.10 569.25 Td (up ) Tj ET Q q 0 0 0 rg BT 124.60 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.43 569.25 Td (us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 534.25 Td (ITEM 7.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 534.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 534.25 Td (MAJOR SHAREHOLDERS ) Tj ET Q q 0 0 0 rg BT 214.46 534.25 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 265.67 534.25 Td (TED P) Tj ET Q q 0 0 0 rg BT 294.10 534.25 Td (AR) Tj ET Q q 0 0 0 rg BT 308.19 534.25 Td (TY) Tj ET Q q 0 0 0 rg BT 321.71 534.25 Td ( ) Tj ET Q q 0 0 0 rg BT 324.03 534.25 Td (TRANSACTIONS.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 510.25 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 510.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 510.25 Td (Major) Tj ET Q q 0 0 0 rg BT 99.03 510.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 120.24 510.25 Td (eholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 486.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.64 486.25 Td (following ) Tj ET Q q 0 0 0 rg BT 130.61 486.25 Td (table ) Tj ET Q q 0 0 0 rg BT 152.14 486.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 169.23 486.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 190.75 486.25 Td (information ) Tj ET Q q 0 0 0 rg BT 240.06 486.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 280.46 486.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 321.97 486.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 365.72 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.14 486.25 Td (our ) Tj ET Q q 0 0 0 rg BT 391.56 486.25 Td (common ) Tj ET Q q 0 0 0 rg BT 428.65 486.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 451.84 486.25 Td (for ) Tj ET Q q 0 0 0 rg BT 465.59 486.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 477.12 486.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 508.09 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.51 486.25 Td (more ) Tj ET Q q 0 0 0 rg BT 541.15 486.25 Td (than ) Tj ET Q q 0 0 0 rg BT 560.46 486.25 Td (five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 474.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 67.92 474.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.75 474.25 Td (our ) Tj ET Q q 0 0 0 rg BT 94.58 474.25 Td (common ) Tj ET Q q 0 0 0 rg BT 132.08 474.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 155.69 474.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.63 474.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 187.34 474.25 Td (our ) Tj ET Q q 0 0 0 rg BT 203.17 474.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 240.66 474.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.60 474.25 Td (of) Tj ET Q q 0 0 0 rg BT 265.75 474.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 292.95 474.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.78 474.25 Td (which ) Tj ET Q q 0 0 0 rg BT 330.72 474.25 Td (we ) Tj ET Q q 0 0 0 rg BT 344.88 474.25 Td (are ) Tj ET Q q 0 0 0 rg BT 359.59 474.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 385.96 474.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.79 474.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.62 474.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.33 474.25 Td (date ) Tj ET Q q 0 0 0 rg BT 441.49 474.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.32 474.25 Td (this ) Tj ET Q q 0 0 0 rg BT 469.27 474.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 498.42 474.25 Td (report.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 412.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 412.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 412.75 85.00 -15.00 re f /GS0 gs BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 38 415.86259765625 m 62.990234375 415.86259765625 l s q 0 0 0 rg BT 38.00 417.43 Td (Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 417.43 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 405.6 415.86259765625 m 481.3421875 415.86259765625 l s q 0 0 0 rg BT 405.60 417.43 Td (Number of shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 417.43 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 524.95 415.86259765625 m 571.96171875 415.86259765625 l s q 0 0 0 rg BT 524.95 417.43 Td (Percentage) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 38.00 409.35 67.76 -9.09 re f /GS0 gs q 0 0 0 rg BT 38.00 402.42 Td (Seadrill Limited ) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 105.76 413.88 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 105.76 406.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 402.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 402.42 Td (169,663,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 402.42 Td (70.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 402.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 387.42 Td (All other directors and executive officers individually) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 387.42 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.00 387.42 Td (*) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 359.25 Td (* ) Tj ET Q q 0 0 0 rg BT 72.00 359.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 359.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 133.09 359.25 Td (of) Tj ET Q q 0 0 0 rg BT 141.24 359.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 165.95 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.88 359.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 220.37 359.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 271.20 359.25 Td (own ) Tj ET Q q 0 0 0 rg BT 290.92 359.25 Td (less ) Tj ET Q q 0 0 0 rg BT 308.42 359.25 Td (that ) Tj ET Q q 0 0 0 rg BT 325.92 359.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 341.75 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.58 359.25 Td (our ) Tj ET Q q 0 0 0 rg BT 368.41 359.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 417.57 359.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 445.06 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.89 359.25 Td (common ) Tj ET Q q 0 0 0 rg BT 493.39 359.25 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 347.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 347.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 102.92 347.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 137.74 347.25 Td (is ) Tj ET Q q 0 0 0 rg BT 146.45 347.25 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 180.33 347.25 Td (s ) Tj ET Q q 0 0 0 rg BT 186.27 347.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 223.85 347.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 272.54 347.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 291.52 347.25 Td (together ) Tj ET Q q 0 0 0 rg BT 326.33 347.25 Td (with ) Tj ET Q q 0 0 0 rg BT 346.15 347.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 375.39 347.25 Td (related ) Tj ET Q q 0 0 0 rg BT 404.64 347.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 438.06 347.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 476.20 347.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 499.35 347.25 Td (1) Tj ET Q q 0 0 0 rg BT 503.98 347.25 Td (15,097,583 ) Tj ET Q q 0 0 0 rg BT 551.03 347.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 335.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 124.10 335.25 Td (24.6% ) Tj ET Q q 0 0 0 rg BT 152.60 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.60 335.25 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 197.48 335.25 Td (s ) Tj ET Q q 0 0 0 rg BT 204.05 335.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 253.38 335.25 Td (common ) Tj ET Q q 0 0 0 rg BT 291.05 335.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 321.21 335.25 Td (On ) Tj ET Q q 0 0 0 rg BT 335.52 335.25 Td (April ) Tj ET Q q 0 0 0 rg BT 359.30 335.25 Td (18, ) Tj ET Q q 0 0 0 rg BT 374.47 335.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 399.64 335.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.75 335.25 Td (related ) Tj ET Q q 0 0 0 rg BT 436.63 335.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 457.08 335.25 Td (boughtin ) Tj ET Q q 0 0 0 rg BT 497.81 335.25 Td (market ) Tj ET Q q 0 0 0 rg BT 528.25 335.25 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 323.25 Td (2,015,790 ) Tj ET Q q 0 0 0 rg BT 114.41 323.25 Td (call ) Tj ET Q q 0 0 0 rg BT 131.25 323.25 Td (options ) Tj ET Q q 0 0 0 rg BT 163.11 323.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.30 323.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 206.81 323.25 Td (with ) Tj ET Q q 0 0 0 rg BT 227.00 323.25 Td (a ) Tj ET Q q 0 0 0 rg BT 233.85 323.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 258.47 323.25 Td (price ) Tj ET Q q 0 0 0 rg BT 280.87 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.61 323.25 Td ($39.69 ) Tj ET Q q 0 0 0 rg BT 321.52 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.37 323.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 374.66 323.25 Td (January ) Tj ET Q q 0 0 0 rg BT 408.17 323.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 433.08 323.25 Td (for ) Tj ET Q q 0 0 0 rg BT 447.15 323.25 Td (a ) Tj ET Q q 0 0 0 rg BT 453.99 323.25 Td (price ) Tj ET Q q 0 0 0 rg BT 476.39 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.13 323.25 Td ($1.0678 ) Tj ET Q q 0 0 0 rg BT 522.04 323.25 Td (per ) Tj ET Q q 0 0 0 rg BT 537.22 323.25 Td (option. ) Tj ET Q q 0 0 0 rg BT 567.68 323.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 311.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 109.90 311.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 141.41 311.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 176.81 311.25 Td (has ) Tj ET Q q 0 0 0 rg BT 192.77 311.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.84 311.25 Td (total ) Tj ET Q q 0 0 0 rg BT 220.24 311.25 Td (return ) Tj ET Q q 0 0 0 rg BT 246.75 311.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 269.93 311.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 314.20 311.25 Td (with ) Tj ET Q q 0 0 0 rg BT 334.60 311.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 380.56 311.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 419.28 311.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.69 311.25 Td (3,900,000 ) Tj ET Q q 0 0 0 rg BT 472.32 311.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 499.94 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.90 311.25 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 547.13 311.25 Td (Hemen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 299.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 107.07 299.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 130.48 299.25 Td (1,687,340 ) Tj ET Q q 0 0 0 rg BT 172.78 299.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 200.07 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.69 299.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 224.38 299.25 Td (In ) Tj ET Q q 0 0 0 rg BT 235.01 299.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 272.58 299.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 303.75 299.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 338.83 299.25 Td (has ) Tj ET Q q 0 0 0 rg BT 354.45 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.19 299.25 Td (total ) Tj ET Q q 0 0 0 rg BT 381.26 299.25 Td (return ) Tj ET Q q 0 0 0 rg BT 407.43 299.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 430.28 299.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 474.22 299.25 Td (with ) Tj ET Q q 0 0 0 rg BT 494.29 299.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 539.91 299.25 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.28 287.25 Td (3,530,000 ) Tj ET Q q 0 0 0 rg BT 124.78 287.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 152.27 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.10 287.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 263.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.30 263.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 128.59 263.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 181.88 263.25 Td (have ) Tj ET Q q 0 0 0 rg BT 203.50 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.46 263.25 Td (same ) Tj ET Q q 0 0 0 rg BT 241.76 263.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 270.06 263.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 295.59 263.25 Td (as ) Tj ET Q q 0 0 0 rg BT 306.67 263.25 Td (other ) Tj ET Q q 0 0 0 rg BT 329.96 263.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 362.15 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.23 263.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.31 263.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 417.04 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.12 263.25 Td (common ) Tj ET Q q 0 0 0 rg BT 465.87 263.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 492.22 263.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.77 263.25 Td (W) Tj ET Q q 0 0 0 rg BT 503.41 263.25 Td (e ) Tj ET Q q 0 0 0 rg BT 510.60 263.25 Td (are ) Tj ET Q q 0 0 0 rg BT 525.55 263.25 Td (not ) Tj ET Q q 0 0 0 rg BT 541.08 263.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 567.69 263.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 251.25 Td (any ) Tj ET Q q 0 0 0 rg BT 52.94 251.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 109.30 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.02 251.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 164.28 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.11 251.25 Td (which ) Tj ET Q q 0 0 0 rg BT 202.05 251.25 Td (may ) Tj ET Q q 0 0 0 rg BT 221.77 251.25 Td (at ) Tj ET Q q 0 0 0 rg BT 231.48 251.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.42 251.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 285.36 251.25 Td (date ) Tj ET Q q 0 0 0 rg BT 304.52 251.25 Td (result ) Tj ET Q q 0 0 0 rg BT 329.23 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 251.25 Td (our ) Tj ET Q q 0 0 0 rg BT 355.34 251.25 Td (change ) Tj ET Q q 0 0 0 rg BT 386.16 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.99 251.25 Td (control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 227.25 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 227.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 227.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 107.27 227.25 Td (party ) Tj ET Q q 0 0 0 rg BT 133.10 227.25 Td (transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 203.25 Td (North ) Tj ET Q q 0 0 0 rg BT 99.50 203.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 136.44 203.25 Td (Restructuring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 179.25 Td (On ) Tj ET Q q 0 0 0 rg BT 85.98 179.25 Td (February17, ) Tj ET Q q 0 0 0 rg BT 138.85 179.25 Td (201) Tj ET Q q 0 0 0 rg BT 153.47 179.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 162.74 179.25 Td (we ) Tj ET Q q 0 0 0 rg BT 176.16 179.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 207.35 179.25 Td (into ) Tj ET Q q 0 0 0 rg BT 224.67 179.25 Td (an ) Tj ET Q q 0 0 0 rg BT 235.87 179.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 279.27 179.25 Td (with ) Tj ET Q q 0 0 0 rg BT 298.81 179.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 331.68 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.22 179.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 372.41 179.25 Td (five ) Tj ET Q q 0 0 0 rg BT 389.71 179.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 413.14 179.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 465.44 179.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 496.65 179.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 520.36 179.25 Td (by ) Tj ET Q q 0 0 0 rg BT 532.12 179.25 Td (purchasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 167.25 Td (all ) Tj ET Q q 0 0 0 rg BT 48.54 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.42 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.19 167.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 101.73 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.05 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.82 167.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 160.47 167.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 210.24 167.25 Td (owning ) Tj ET Q q 0 0 0 rg BT 242.79 167.25 Td (these ) Tj ET Q q 0 0 0 rg BT 265.88 167.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 297.88 167.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 322.37 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.36 167.25 Td (one ) Tj ET Q q 0 0 0 rg BT 356.35 167.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 370.00 167.25 Td (under ) Tj ET Q q 0 0 0 rg BT 395.32 167.25 Td (construction, ) Tj ET Q q 0 0 0 rg BT 449.80 167.25 Td (including ) Tj ET Q q 0 0 0 rg BT 490.13 167.25 Td (all ) Tj ET Q q 0 0 0 rg BT 502.67 167.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 537.42 167.25 Td (contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 155.25 Td (spares, ) Tj ET Q q 0 0 0 rg BT 65.93 155.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 91.70 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.58 155.25 Td (of) Tj ET Q q 0 0 0 rg BT 116.73 155.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 144.16 155.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 185.48 155.25 Td (related ) Tj ET Q q 0 0 0 rg BT 215.12 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.34 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.00 155.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 264.38 155.25 Td (which ) Tj ET Q q 0 0 0 rg BT 291.26 155.25 Td (we ) Tj ET Q q 0 0 0 rg BT 305.36 155.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 326.67 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.89 155.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.66 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.32 155.25 Td (North ) Tj ET Q q 0 0 0 rg BT 387.55 155.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 422.20 155.25 Td (Restructuring. ) Tj ET Q q 0 0 0 rg BT 481.58 155.25 Td (On ) Tj ET Q q 0 0 0 rg BT 496.24 155.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 539.78 155.25 Td (201) Tj ET Q q 0 0 0 rg BT 554.41 155.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 564.35 155.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 143.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 80.47 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.50 143.25 Td (North ) Tj ET Q q 0 0 0 rg BT 121.02 143.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 156.05 143.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 213.30 143.25 Td (at ) Tj ET Q q 0 0 0 rg BT 223.34 143.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.59 143.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 268.94 143.25 Td (price ) Tj ET Q q 0 0 0 rg BT 291.75 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.89 143.25 Td ($2.35 ) Tj ET Q q 0 0 0 rg BT 328.21 143.25 Td (billion, ) Tj ET Q q 0 0 0 rg BT 359.64 143.25 Td (which ) Tj ET Q q 0 0 0 rg BT 386.89 143.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 426.93 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.07 143.25 Td (a ) Tj ET Q q 0 0 0 rg BT 445.33 143.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.91 143.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 503.16 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.31 143.25 Td ($369.8 ) Tj ET Q q 0 0 0 rg BT 544.63 143.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 50.83 131.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 87.32 131.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.71 131.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 131.42 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.37 131.25 Td (150,000,000 ) Tj ET Q q 0 0 0 rg BT 194.98 131.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 222.58 131.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 251.85 131.25 Td (at ) Tj ET Q q 0 0 0 rg BT 261.68 131.25 Td ($8.50 ) Tj ET Q q 0 0 0 rg BT 286.79 131.25 Td (per ) Tj ET Q q 0 0 0 rg BT 302.17 131.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 328.38 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.21 131.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 379.70 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.64 131.25 Td (a ) Tj ET Q q 0 0 0 rg BT 397.69 131.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 420.31 131.25 Td (million ) Tj ET Q q 0 0 0 rg BT 451.81 131.25 Td (7.75% ) Tj ET Q q 0 0 0 rg BT 480.25 131.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 523.40 131.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 546.01 131.25 Td (bearing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 119.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 67.93 119.25 Td (at ) Tj ET Q q 0 0 0 rg BT 77.65 119.25 Td (7.75% ) Tj ET Q q 0 0 0 rg BT 105.98 119.25 Td (for ) Tj ET Q q 0 0 0 rg BT 120.14 119.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.08 119.25 Td (term ) Tj ET Q q 0 0 0 rg BT 147.90 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.73 119.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 184.00 119.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 210.10 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.04 119.25 Td (a ) Tj ET Q q 0 0 0 rg BT 233.98 119.25 Td ($210 ) Tj ET Q q 0 0 0 rg BT 256.48 119.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 288.98 119.25 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 339.80 119.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 362.85 119.25 Td (from ) Tj ET Q q 0 0 0 rg BT 384.78 119.25 Td (Seadrill.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 95.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 94.50 95.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 128.11 95.25 Td (7.75% ) Tj ET Q q 0 0 0 rg BT 158.11 95.25 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 193.48 95.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 205.98 95.25 Td (Bond ) Tj ET Q q 0 0 0 rg BT 231.28 95.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 251.00 95.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 71.25 Td (In ) Tj ET Q q 0 0 0 rg BT 81.59 71.25 Td (April ) Tj ET Q q 0 0 0 rg BT 104.31 71.25 Td (201) Tj ET Q q 0 0 0 rg BT 118.93 71.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 128.05 71.25 Td (we ) Tj ET Q q 0 0 0 rg BT 141.32 71.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 167.93 71.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.98 71.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 195.59 71.25 Td (million ) Tj ET Q q 0 0 0 rg BT 226.09 71.25 Td (callable ) Tj ET Q q 0 0 0 rg BT 258.79 71.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 284.84 71.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 326.99 71.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 348.60 71.25 Td (to ) Tj ET Q q 0 0 0 rg BT 357.99 71.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 390.71 71.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.10 71.25 Td (partly ) Tj ET Q q 0 0 0 rg BT 425.03 71.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 456.07 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.90 71.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 515.39 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.33 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.80 71.25 Td (Acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 59.25 Td (V) Tj ET Q q 0 0 0 rg BT 42.11 59.25 Td (essels. ) Tj ET Q q 0 0 0 rg BT 70.14 59.25 Td (The ) Tj ET Q q 0 0 0 rg BT 88.06 59.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 110.43 59.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 133.90 59.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.70 59.25 Td (at ) Tj ET Q q 0 0 0 rg BT 175.29 59.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.10 59.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 199.46 59.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.16 59.25 Td (7.75%per ) Tj ET Q q 0 0 0 rg BT 253.63 59.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 285.71 59.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 319.18 59.25 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 378.20 59.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.35 59.25 Td (arrears, ) Tj ET Q q 0 0 0 rg BT 420.42 59.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.23 59.25 Td (matures ) Tj ET Q q 0 0 0 rg BT 471.25 59.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.40 59.25 Td (full ) Tj ET Q q 0 0 0 rg BT 497.66 59.25 Td (on ) Tj ET Q q 0 0 0 rg BT 510.03 59.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 553.50 59.25 Td (2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 47.25 Td (On ) Tj ET Q q 0 0 0 rg BT 49.80 47.25 Td (December20, ) Tj ET Q q 0 0 0 rg BT 107.46 47.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 131.53 47.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 164.21 47.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 182.46 47.25 Td (this ) Tj ET Q q 0 0 0 rg BT 198.48 47.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 220.06 47.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.42 47.25 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 268.76 47.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 307.01 47.25 Td (Inc, ) Tj ET Q q 0 0 0 rg BT 323.85 47.25 Td (or ) Tj ET Q q 0 0 0 rg BT 333.76 47.25 Td (Metrogas, ) Tj ET Q q 0 0 0 rg BT 375.60 47.25 Td (a ) Tj ET Q q 0 0 0 rg BT 381.62 47.25 Td (party ) Tj ET Q q 0 0 0 rg BT 403.74 47.25 Td (related ) Tj ET Q q 0 0 0 rg BT 432.52 47.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.87 47.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 454.84 47.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.19 47.25 Td (a ) Tj ET Q q 0 0 0 rg BT 480.21 47.25 Td (call ) Tj ET Q q 0 0 0 rg BT 496.22 47.25 Td (option ) Tj ET Q q 0 0 0 rg BT 523.35 47.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.71 47.25 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.95 749.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 73.68 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.18 749.10 Td (full ) Tj ET Q q 0 0 0 rg BT 100.80 749.10 Td (at ) Tj ET Q q 0 0 0 rg BT 110.75 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.91 749.10 Td (price ) Tj ET Q q 0 0 0 rg BT 140.63 749.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 165.01 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.52 749.10 Td (par ) Tj ET Q q 0 0 0 rg BT 191.02 749.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 210.42 749.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 240.37 749.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 274.18 749.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.34 749.10 Td (on ) Tj ET Q q 0 0 0 rg BT 319.07 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.02 749.10 Td (date ) Tj ET Q q 0 0 0 rg BT 353.40 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.46 749.10 Td (repurchase. ) Tj ET Q q 0 0 0 rg BT 413.00 749.10 Td (On ) Tj ET Q q 0 0 0 rg BT 427.95 749.10 Td (May ) Tj ET Q q 0 0 0 rg BT 449.01 749.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.24 749.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 489.47 749.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 523.30 749.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 563.78 749.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (option ) Tj ET Q q 0 0 0 rg BT 63.89 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 74.00 737.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 119.64 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.18 737.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 156.52 737.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.29 737.10 Td (Metrogas. ) Tj ET Q q 0 0 0 rg BT 220.37 737.10 Td (As ) Tj ET Q q 0 0 0 rg BT 233.82 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.48 737.10 Td (December ) Tj ET Q q 0 0 0 rg BT 287.89 737.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 302.72 737.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 327.56 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.10 737.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 391.10 737.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 423.43 737.10 Td (due ) Tj ET Q q 0 0 0 rg BT 440.20 737.10 Td (under ) Tj ET Q q 0 0 0 rg BT 465.30 737.10 Td (this ) Tj ET Q q 0 0 0 rg BT 482.08 737.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 504.41 737.10 Td (was ) Tj ET Q q 0 0 0 rg BT 522.29 737.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 544.62 737.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (which ) Tj ET Q q 0 0 0 rg BT 63.15 725.10 Td (was ) Tj ET Q q 0 0 0 rg BT 81.41 725.10 Td (held ) Tj ET Q q 0 0 0 rg BT 101.34 725.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 134.59 725.10 Td (by ) Tj ET Q q 0 0 0 rg BT 147.30 725.10 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 183.61 725.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.32 725.10 Td (In ) Tj ET Q q 0 0 0 rg BT 197.36 725.10 Td (February ) Tj ET Q q 0 0 0 rg BT 236.17 725.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 261.38 725.10 Td (using ) Tj ET Q q 0 0 0 rg BT 285.76 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.69 725.10 Td (net ) Tj ET Q q 0 0 0 rg BT 315.61 725.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 353.86 725.10 Td (we ) Tj ET Q q 0 0 0 rg BT 368.23 725.10 Td (received ) Tj ET Q q 0 0 0 rg BT 404.80 725.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.95 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.88 725.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 478.47 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.51 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 725.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 533.25 725.10 Td (Unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 64.33 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 78.49 713.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 110.98 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.25 713.10 Td (full ) Tj ET Q q 0 0 0 rg BT 137.64 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.36 713.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 190.40 713.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 222.89 713.10 Td (due ) Tj ET Q q 0 0 0 rg BT 239.83 713.10 Td (under ) Tj ET Q q 0 0 0 rg BT 265.10 713.10 Td (this ) Tj ET Q q 0 0 0 rg BT 282.05 713.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 304.55 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.49 713.10 Td (also ) Tj ET Q q 0 0 0 rg BT 340.10 713.10 Td (an ) Tj ET Q q 0 0 0 rg BT 352.04 713.10 Td (early ) Tj ET Q q 0 0 0 rg BT 374.52 713.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 423.12 713.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 437.83 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.66 713.10 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 473.66 713.10 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td ($210 ) Tj ET Q q 0 0 0 rg BT 94.50 689.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 128.11 689.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 148.49 689.10 Td (eholder) Tj ET Q q 0 0 0 rg BT 180.53 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.03 689.10 Td (Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (On ) Tj ET Q q 0 0 0 rg BT 87.11 665.10 Td (October24, ) Tj ET Q q 0 0 0 rg BT 137.21 665.10 Td (201) Tj ET Q q 0 0 0 rg BT 151.83 665.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 162.22 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.77 665.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 209.08 665.10 Td (into ) Tj ET Q q 0 0 0 rg BT 227.53 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.85 665.10 Td ($210 ) Tj ET Q q 0 0 0 rg BT 257.74 665.10 Td (million ) Tj ET Q q 0 0 0 rg BT 289.52 665.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 332.95 665.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 353.05 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.72 665.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 407.71 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 417.82 665.10 Td (an ) Tj ET Q q 0 0 0 rg BT 430.14 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 462.46 665.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 480.34 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.56 665.10 Td (6.0%per ) Tj ET Q q 0 0 0 rg BT 530.54 665.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 562.94 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 571.58 665.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 63.46 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.38 653.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 101.74 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.55 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.25 653.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 146.94 653.10 Td (amounting ) Tj ET Q q 0 0 0 rg BT 192.19 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.45 653.10 Td ($150.0 ) Tj ET Q q 0 0 0 rg BT 232.43 653.10 Td (million ) Tj ET Q q 0 0 0 rg BT 263.80 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 276.28 653.10 Td (March27, ) Tj ET Q q 0 0 0 rg BT 319.85 653.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 342.33 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.81 653.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 385.63 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.88 653.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 429.46 653.10 Td (an ) Tj ET Q q 0 0 0 rg BT 441.38 653.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 482.72 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.53 653.10 Td (15,000,000 ) Tj ET Q q 0 0 0 rg BT 541.01 653.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 63.49 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 73.21 641.10 Td ($10.00 ) Tj ET Q q 0 0 0 rg BT 103.21 641.10 Td (per ) Tj ET Q q 0 0 0 rg BT 118.48 641.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 144.57 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.51 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.23 641.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 219.27 641.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 252.30 641.10 Td (was ) Tj ET Q q 0 0 0 rg BT 270.36 641.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 297.84 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.12 641.10 Td (full ) Tj ET Q q 0 0 0 rg BT 324.51 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.78 641.10 Td (March ) Tj ET Q q 0 0 0 rg BT 363.38 641.10 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 617.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 107.83 617.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 153.11 617.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 164.59 617.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 183.20 617.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (On ) Tj ET Q q 0 0 0 rg BT 87.08 593.10 Td (March30, ) Tj ET Q q 0 0 0 rg BT 131.03 593.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 156.38 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 170.90 593.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 203.17 593.10 Td (into ) Tj ET Q q 0 0 0 rg BT 221.58 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.88 593.10 Td ($200 ) Tj ET Q q 0 0 0 rg BT 251.73 593.10 Td (million ) Tj ET Q q 0 0 0 rg BT 283.48 593.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 326.87 593.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 368.05 593.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 393.67 593.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 424.84 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 445.47 593.10 Td (Seadrill, ) Tj ET Q q 0 0 0 rg BT 481.93 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 509.22 593.10 Td (was ) Tj ET Q q 0 0 0 rg BT 527.63 593.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 568.24 593.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td ($335 ) Tj ET Q q 0 0 0 rg BT 58.80 581.10 Td (million ) Tj ET Q q 0 0 0 rg BT 90.48 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 101.61 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.73 581.10 Td (June28, ) Tj ET Q q 0 0 0 rg BT 148.86 581.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 173.95 581.10 Td (This ) Tj ET Q q 0 0 0 rg BT 194.53 581.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 225.64 581.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 249.54 581.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 281.76 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 291.78 581.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 324.57 581.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 344.04 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.27 581.10 Td (mar) Tj ET Q q 0 0 0 rg BT 366.64 581.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 382.21 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.34 581.10 Td (3.0% ) Tj ET Q q 0 0 0 rg BT 416.96 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.20 581.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 468.65 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.22 581.10 Td (January ) Tj ET Q q 0 0 0 rg BT 513.11 581.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 538.21 581.10 Td (This ) Tj ET Q q 0 0 0 rg BT 558.78 581.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (was ) Tj ET Q q 0 0 0 rg BT 53.25 569.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 79.93 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.40 569.10 Td (full ) Tj ET Q q 0 0 0 rg BT 104.99 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.46 569.10 Td (October ) Tj ET Q q 0 0 0 rg BT 148.36 569.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 170.06 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.53 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.67 569.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 226.25 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.27 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.19 569.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 287.42 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.45 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.47 569.10 Td (NOK ) Tj ET Q q 0 0 0 rg BT 335.83 569.10 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 360.03 569.10 Td (million ) Tj ET Q q 0 0 0 rg BT 390.62 569.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 416.75 569.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 458.98 569.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 480.68 569.10 Td (issue. ) Tj ET Q q 0 0 0 rg BT 504.88 569.10 Td (On ) Tj ET Q q 0 0 0 rg BT 518.79 569.10 Td (November20, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 61.05 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 75.25 557.10 Td (irrevocably ) Tj ET Q q 0 0 0 rg BT 123.33 557.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 157.52 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.29 557.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.83 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.70 557.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 263.80 557.10 Td (available ) Tj ET Q q 0 0 0 rg BT 302.44 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 324.42 557.10 Td ($335 ) Tj ET Q q 0 0 0 rg BT 346.97 557.10 Td (million ) Tj ET Q q 0 0 0 rg BT 378.41 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.73 557.10 Td ($85 ) Tj ET Q q 0 0 0 rg BT 406.28 557.10 Td (million ) Tj ET Q q 0 0 0 rg BT 437.72 557.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.26 557.10 Td (written ) Tj ET Q q 0 0 0 rg BT 481.13 557.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 508.11 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.44 557.10 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 554.03 557.10 Td (As ) Tj ET Q q 0 0 0 rg BT 567.69 557.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (December ) Tj ET Q q 0 0 0 rg BT 80.05 545.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 95.51 545.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 120.98 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.16 545.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 185.79 545.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 219.29 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.26 545.10 Td (this ) Tj ET Q q 0 0 0 rg BT 249.67 545.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 280.95 545.10 Td (was ) Tj ET Q q 0 0 0 rg BT 299.47 545.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 312.44 545.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 346.79 545.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 375.31 545.10 Td (see ) Tj ET Q q 0 0 0 rg BT 391.04 545.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 417.53 545.10 Td (24 ) Tj ET Q q 0 0 0 rg BT 430.49 545.10 Td (- ) Tj ET Q q 0 0 0 rg BT 436.79 545.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 470.29 545.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 494.15 545.10 Td (T) Tj ET Q q 0 0 0 rg BT 499.91 545.10 Td (ransactions" ) Tj ET Q q 0 0 0 rg BT 551.94 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 562.69 545.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 91.27 533.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 130.99 533.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 177.37 533.10 Td (included ) Tj ET Q q 0 0 0 rg BT 214.30 533.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 241.79 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.95 533.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 298.44 533.10 Td (information ) Tj ET Q q 0 0 0 rg BT 348.15 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 360.65 533.10 Td (this ) Tj ET Q q 0 0 0 rg BT 377.60 533.10 Td (facility) Tj ET Q q 0 0 0 rg BT 405.27 533.10 Td (.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 122.26 425.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 150.88 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.71 425.10 Td (Seadrill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.47 401.10 Td (May ) Tj ET Q q 0 0 0 rg BT 102.93 401.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 127.57 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 141.36 401.10 Td (lent ) Tj ET Q q 0 0 0 rg BT 158.49 401.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 191.73 401.10 Td ($60 ) Tj ET Q q 0 0 0 rg BT 208.87 401.10 Td (million ) Tj ET Q q 0 0 0 rg BT 239.89 401.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.81 401.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.38 401.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 300.17 401.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 331.74 401.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 348.86 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.33 401.10 Td (Libor ) Tj ET Q q 0 0 0 rg BT 383.68 401.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 402.48 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.06 401.10 Td (mar) Tj ET Q q 0 0 0 rg BT 424.42 401.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 439.34 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.80 401.10 Td (1.9%, ) Tj ET Q q 0 0 0 rg BT 475.27 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.73 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 512.31 401.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 529.44 401.10 Td (million ) Tj ET Q q 0 0 0 rg BT 560.47 401.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 62.81 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 74.63 389.10 Td (May23, ) Tj ET Q q 0 0 0 rg BT 109.78 389.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 131.61 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.87 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.91 389.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 194.26 389.10 Td (was ) Tj ET Q q 0 0 0 rg BT 211.64 389.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 238.44 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.05 389.10 Td (full ) Tj ET Q q 0 0 0 rg BT 263.76 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.36 389.10 Td (July ) Tj ET Q q 0 0 0 rg BT 291.85 389.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 316.17 389.10 Td (In ) Tj ET Q q 0 0 0 rg BT 326.32 389.10 Td (June ) Tj ET Q q 0 0 0 rg BT 346.48 389.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.48 389.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.48 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 384.96 389.10 Td (lent ) Tj ET Q q 0 0 0 rg BT 401.78 389.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 434.70 389.10 Td ($120 ) Tj ET Q q 0 0 0 rg BT 456.53 389.10 Td (million ) Tj ET Q q 0 0 0 rg BT 487.24 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 506.84 389.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.10 389.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 546.58 389.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 53.49 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.32 377.10 Td (Libor ) Tj ET Q q 0 0 0 rg BT 89.03 377.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 108.20 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.14 377.10 Td (mar) Tj ET Q q 0 0 0 rg BT 130.51 377.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 145.79 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.62 377.10 Td (1.9%, ) Tj ET Q q 0 0 0 rg BT 182.45 377.10 Td (which ) Tj ET Q q 0 0 0 rg BT 209.38 377.10 Td (was ) Tj ET Q q 0 0 0 rg BT 227.44 377.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 254.92 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.20 377.10 Td (full ) Tj ET Q q 0 0 0 rg BT 281.59 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.86 377.10 Td (July ) Tj ET Q q 0 0 0 rg BT 311.03 377.10 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 353.10 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 97.00 353.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 130.61 353.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 150.99 353.10 Td (eholder) Tj ET Q q 0 0 0 rg BT 183.03 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.53 353.10 Td (Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (On ) Tj ET Q q 0 0 0 rg BT 86.36 329.10 Td (December1, ) Tj ET Q q 0 0 0 rg BT 139.57 329.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 164.21 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.00 329.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 209.56 329.10 Td (into ) Tj ET Q q 0 0 0 rg BT 227.25 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.82 329.10 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 258.46 329.10 Td (million ) Tj ET Q q 0 0 0 rg BT 289.48 329.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 332.15 329.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 351.50 329.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 381.96 329.10 Td (with ) Tj ET Q q 0 0 0 rg BT 401.87 329.10 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 437.13 329.10 Td (As ) Tj ET Q q 0 0 0 rg BT 450.38 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.85 329.10 Td (December ) Tj ET Q q 0 0 0 rg BT 504.06 329.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 518.70 329.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 543.33 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 557.13 329.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 57.39 317.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 84.87 317.10 Td (this ) Tj ET Q q 0 0 0 rg BT 101.82 317.10 Td (loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 123.40 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.23 293.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 150.06 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 158.21 293.10 Td (est ) Tj ET Q q 0 0 0 rg BT 171.82 293.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.98 269.10 Td (May ) Tj ET Q q 0 0 0 rg BT 105.96 269.10 Td (201) Tj ET Q q 0 0 0 rg BT 120.59 269.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 131.74 269.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.04 269.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 180.12 269.10 Td (into ) Tj ET Q q 0 0 0 rg BT 199.32 269.10 Td (an ) Tj ET Q q 0 0 0 rg BT 212.41 269.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 257.70 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.13 269.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 302.20 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.29 269.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 335.60 269.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 389.79 269.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 423.42 269.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 440.68 269.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.40 269.10 Td (W) Tj ET Q q 0 0 0 rg BT 462.81 269.10 Td (est ) Tj ET Q q 0 0 0 rg BT 477.57 269.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 505.95 269.10 Td (which ) Tj ET Q q 0 0 0 rg BT 534.03 269.10 Td (was ) Tj ET Q q 0 0 0 rg BT 553.23 269.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 87.89 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 97.56 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.24 257.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 134.96 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.86 257.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 190.42 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.54 257.10 Td ($90 ) Tj ET Q q 0 0 0 rg BT 221.99 257.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 255.84 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.51 257.10 Td (price ) Tj ET Q q 0 0 0 rg BT 292.95 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.40 257.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 343.96 257.10 Td (had ) Tj ET Q q 0 0 0 rg BT 360.86 257.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 380.53 257.10 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 410.21 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.33 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.00 257.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 464.78 257.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 511.68 257.10 Td (according ) Tj ET Q q 0 0 0 rg BT 553.56 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 563.79 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 87.93 245.10 Td (contract.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 221.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 92.28 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.90 221.10 Td (Leaseback ) Tj ET Q q 0 0 0 rg BT 157.85 221.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 174.33 221.10 Td (eement ) Tj ET Q q 0 0 0 rg BT 207.37 221.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.76 221.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 250.72 221.10 Td (Finance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.26 197.10 Td (June ) Tj ET Q q 0 0 0 rg BT 104.51 197.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 129.94 197.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.53 197.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 176.88 197.10 Td (into ) Tj ET Q q 0 0 0 rg BT 195.36 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.72 197.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 245.08 197.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 263.56 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.92 197.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 322.71 197.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 375.61 197.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 412.97 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.68 197.10 Td (which ) Tj ET Q q 0 0 0 rg BT 451.04 197.10 Td (we ) Tj ET Q q 0 0 0 rg BT 465.63 197.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 485.22 197.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.37 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.78 197.10 Td (est ) Tj ET Q q 0 0 0 rg BT 521.81 197.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.04 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 557.68 197.10 Td (Ship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (Finance. ) Tj ET Q q 0 0 0 rg BT 71.85 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.23 185.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 120.51 185.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 133.45 185.10 Td (will ) Tj ET Q q 0 0 0 rg BT 150.84 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.11 185.10 Td (chartered ) Tj ET Q q 0 0 0 rg BT 201.14 185.10 Td (back ) Tj ET Q q 0 0 0 rg BT 221.85 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.46 185.10 Td (us ) Tj ET Q q 0 0 0 rg BT 242.18 185.10 Td (on ) Tj ET Q q 0 0 0 rg BT 254.01 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.28 185.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 296.54 185.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 326.13 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.62 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.89 185.10 Td (period ) Tj ET Q q 0 0 0 rg BT 373.27 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.43 185.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 395.27 185.10 Td (years ) Tj ET Q q 0 0 0 rg BT 418.20 185.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 440.03 185.10 Td (its ) Tj ET Q q 0 0 0 rg BT 451.31 185.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 485.91 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.52 185.10 Td (us ) Tj ET Q q 0 0 0 rg BT 506.24 185.10 Td (from ) Tj ET Q q 0 0 0 rg BT 527.51 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.56 185.10 Td (shipyard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 45.53 173.10 Td (February ) Tj ET Q q 0 0 0 rg BT 83.38 173.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 107.63 173.10 Td (at ) Tj ET Q q 0 0 0 rg BT 116.60 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.79 173.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 166.18 173.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 187.93 173.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 204.67 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.75 173.10 Td ($222,000 ) Tj ET Q q 0 0 0 rg BT 254.00 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.42 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.38 173.10 Td (first ) Tj ET Q q 0 0 0 rg BT 299.24 173.10 Td (five ) Tj ET Q q 0 0 0 rg BT 316.54 173.10 Td (years ) Tj ET Q q 0 0 0 rg BT 339.39 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.58 173.10 Td (an ) Tj ET Q q 0 0 0 rg BT 366.77 173.10 Td (average ) Tj ET Q q 0 0 0 rg BT 399.61 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.69 173.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 469.20 173.10 Td ($1) Tj ET Q q 0 0 0 rg BT 478.83 173.10 Td (15,000 ) Tj ET Q q 0 0 0 rg BT 508.08 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.50 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.46 173.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 50.72 161.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.29 137.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 128.56 137.10 Td (price ) Tj ET Q q 0 0 0 rg BT 151.29 137.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 171.24 137.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.98 137.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 205.06 137.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 239.46 137.10 Td (was ) Tj ET Q q 0 0 0 rg BT 257.75 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.70 137.10 Td (market ) Tj ET Q q 0 0 0 rg BT 303.21 137.10 Td (value ) Tj ET Q q 0 0 0 rg BT 327.60 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.67 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.63 137.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 367.47 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 380.21 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.17 137.10 Td (day ) Tj ET Q q 0 0 0 rg BT 412.35 137.10 Td (it ) Tj ET Q q 0 0 0 rg BT 420.64 137.10 Td (was ) Tj ET Q q 0 0 0 rg BT 438.93 137.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 478.88 137.10 Td (from ) Tj ET Q q 0 0 0 rg BT 501.05 137.10 Td (Jurong ) Tj ET Q q 0 0 0 rg BT 531.01 137.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 47.06 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.01 125.10 Td (average ) Tj ET Q q 0 0 0 rg BT 95.82 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.88 125.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 150.72 125.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 187.88 125.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.05 125.10 Td (two ) Tj ET Q q 0 0 0 rg BT 227.78 125.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 279.39 125.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 293.23 125.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 325.95 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 338.68 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.85 125.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 376.33 125.10 Td (free ) Tj ET Q q 0 0 0 rg BT 394.60 125.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 419.83 125.10 Td (which ) Tj ET Q q 0 0 0 rg BT 447.00 125.10 Td (was ) Tj ET Q q 0 0 0 rg BT 465.28 125.10 Td (capped ) Tj ET Q q 0 0 0 rg BT 496.33 125.10 Td (at ) Tj ET Q q 0 0 0 rg BT 506.28 125.10 Td ($600 ) Tj ET Q q 0 0 0 rg BT 529.01 125.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 562.93 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 571.57 125.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (received ) Tj ET Q q 0 0 0 rg BT 71.68 113.10 Td ($195 ) Tj ET Q q 0 0 0 rg BT 93.50 113.10 Td (million ) Tj ET Q q 0 0 0 rg BT 124.20 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.35 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.38 113.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 185.74 113.10 Td (price ) Tj ET Q q 0 0 0 rg BT 207.54 113.10 Td (at ) Tj ET Q q 0 0 0 rg BT 216.57 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.60 113.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 261.31 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.45 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.49 113.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 331.44 113.10 Td (while ) Tj ET Q q 0 0 0 rg BT 355.48 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.51 113.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 411.87 113.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 444.22 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.36 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.40 113.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 505.75 113.10 Td (price ) Tj ET Q q 0 0 0 rg BT 527.55 113.10 Td (was ) Tj ET Q q 0 0 0 rg BT 544.92 113.10 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 58.28 101.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 93.32 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.93 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.43 101.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 134.32 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.59 101.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 157.21 101.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 191.15 101.10 Td (has ) Tj ET Q q 0 0 0 rg BT 206.76 101.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 239.57 101.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 279.62 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.23 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.72 101.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 342.54 101.10 Td (price ) Tj ET Q q 0 0 0 rg BT 364.80 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.74 101.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.24 101.10 Td (W) Tj ET Q q 0 0 0 rg BT 400.65 101.10 Td (est ) Tj ET Q q 0 0 0 rg BT 414.04 101.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.27 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.55 101.10 Td (through ) Tj ET Q q 0 0 0 rg BT 471.94 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.66 101.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 530.92 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.53 101.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 561.58 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 58.24 89.10 Td (W) Tj ET Q q 0 0 0 rg BT 66.87 89.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.03 89.10 Td (were ) Tj ET Q q 0 0 0 rg BT 96.17 89.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 144.43 89.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.81 89.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 188.74 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.67 89.10 Td (final ) Tj ET Q q 0 0 0 rg BT 224.71 89.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 245.19 89.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 292.35 89.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 311.73 89.10 Td (other ) Tj ET Q q 0 0 0 rg BT 334.99 89.10 Td (project ) Tj ET Q q 0 0 0 rg BT 365.47 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.19 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.34 89.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 443.60 89.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 471.30 89.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.68 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.61 89.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 552.76 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.80 89.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (W) Tj ET Q q 0 0 0 rg BT 43.41 77.10 Td (est ) Tj ET Q q 0 0 0 rg BT 56.81 77.10 Td (Linus,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.54 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.83 77.10 Td (which ) Tj ET Q q 0 0 0 rg BT 110.55 77.10 Td (was ) Tj ET Q q 0 0 0 rg BT 128.39 77.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 165.10 77.10 Td (through ) Tj ET Q q 0 0 0 rg BT 198.50 77.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.56 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 232.50 77.10 Td (received ) Tj ET Q q 0 0 0 rg BT 268.65 77.10 Td (from ) Tj ET Q q 0 0 0 rg BT 290.38 77.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 311.01 77.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 344.95 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.02 77.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 401.18 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.24 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.75 77.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 477.47 77.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 495.30 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.03 77.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 553.18 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.80 77.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (rig. ) Tj ET Q q 0 0 0 rg BT 52.11 65.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 80.16 65.10 Td (see ) Tj ET Q q 0 0 0 rg BT 95.42 65.10 Td (note ) Tj ET Q q 0 0 0 rg BT 115.14 65.10 Td (29 ) Tj ET Q q 0 0 0 rg BT 127.64 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.92 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.75 65.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 209.02 65.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.73 65.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 295.12 65.10 Td (included ) Tj ET Q q 0 0 0 rg BT 332.05 65.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 359.54 65.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.70 65.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 416.19 65.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 749.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.74 749.10 Td (have ) Tj ET Q q 0 0 0 rg BT 109.28 749.10 Td (been ) Tj ET Q q 0 0 0 rg BT 130.81 749.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 163.46 749.10 Td (four ) Tj ET Q q 0 0 0 rg BT 182.78 749.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 220.98 749.10 Td (options ) Tj ET Q q 0 0 0 rg BT 253.09 749.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.75 749.10 Td (each ) Tj ET Q q 0 0 0 rg BT 286.73 749.10 Td (of ) Tj ET Q q 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605.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 143.54 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.12 605.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 178.69 605.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 201.28 605.10 Td (will ) Tj ET Q q 0 0 0 rg BT 219.42 605.10 Td (be ) Tj ET Q q 0 0 0 rg BT 231.45 605.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 276.24 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.61 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.53 605.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 355.66 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.22 605.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 439.95 605.10 Td (At ) Tj ET Q q 0 0 0 rg BT 452.54 605.10 Td (December ) Tj ET Q q 0 0 0 rg BT 496.21 605.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 511.29 605.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 536.38 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.19 605.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 569.33 605.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 71.82 593.10 Td (under ) Tj ET Q q 0 0 0 rg BT 97.08 593.10 Td (Newbuildings ) Tj ET Q q 0 0 0 rg BT 155.69 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.19 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.02 593.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 237.06 593.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 270.10 593.10 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 105.59 569.10 Td (Placement ) Tj ET Q q 0 0 0 rg BT 152.34 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 158.26 569.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.83 545.10 Td (March ) Tj ET Q q 0 0 0 rg BT 111.43 545.10 Td (201) Tj ET Q q 0 0 0 rg BT 126.06 545.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 136.06 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 150.23 545.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 177.73 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 189.67 545.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 231.04 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.87 545.10 Td (150,000,000 ) Tj ET Q q 0 0 0 rg BT 294.37 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.20 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.04 545.10 Td (common ) Tj ET Q q 0 0 0 rg BT 358.53 545.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 386.03 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.31 545.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 429.91 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.19 545.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 486.57 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 506.85 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.57 545.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 552.96 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.79 545.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (North ) Tj ET Q q 0 0 0 rg BT 61.28 533.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 95.99 533.10 Td (Restructuring.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.10 Td (On ) Tj ET Q q 0 0 0 rg BT 87.73 509.10 Td (March27, ) Tj ET Q q 0 0 0 rg BT 132.34 509.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 158.36 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 173.53 509.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 218.69 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.64 509.10 Td (private ) Tj ET Q q 0 0 0 rg BT 257.92 509.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 302.52 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.36 509.10 Td (30,000,000 ) Tj ET Q q 0 0 0 rg BT 362.87 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.72 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.56 509.10 Td (common ) Tj ET Q q 0 0 0 rg BT 430.07 509.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 461.07 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.91 509.10 Td (which ) Tj ET Q q 0 0 0 rg BT 500.86 509.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 535.48 509.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (15,000,000 ) Tj ET Q q 0 0 0 rg BT 83.78 497.10 Td (common ) Tj ET Q q 0 0 0 rg BT 121.56 497.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 151.63 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 169.96 497.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 208.28 497.10 Td (from ) Tj ET Q q 0 0 0 rg BT 230.50 497.10 Td (this ) Tj ET Q q 0 0 0 rg BT 247.73 497.10 Td (private ) Tj ET Q q 0 0 0 rg BT 278.28 497.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 322.15 497.10 Td (were ) Tj ET Q q 0 0 0 rg BT 344.36 497.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 380.46 497.10 Td (used ) Tj ET Q q 0 0 0 rg BT 401.57 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.13 497.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 433.80 497.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 458.79 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 474.90 497.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 524.35 497.10 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.28 485.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 79.88 485.10 Td (under ) Tj ET Q q 0 0 0 rg BT 105.15 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.87 485.10 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 170.68 485.10 Td (Loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (Uncertain ) Tj ET Q q 0 0 0 rg BT 117.09 461.10 Td (T) Tj ET Q q 0 0 0 rg BT 122.84 461.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 135.34 461.10 Td (Position) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (At ) Tj ET Q q 0 0 0 rg BT 84.41 437.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 142.91 437.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 167.83 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 181.90 437.10 Td (had ) Tj ET Q q 0 0 0 rg BT 198.76 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.61 437.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 239.13 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.21 437.10 Td (an ) Tj ET Q q 0 0 0 rg BT 265.06 437.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 304.68 437.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 319.31 437.10 Td (position ) Tj ET Q q 0 0 0 rg BT 353.95 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.69 437.10 Td ($142 ) Tj ET Q q 0 0 0 rg BT 387.11 437.10 Td (million ) Tj ET Q q 0 0 0 rg BT 418.41 437.10 Td (related ) Tj ET Q q 0 0 0 rg BT 448.03 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.22 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.85 437.10 Td (move ) Tj ET Q q 0 0 0 rg BT 497.49 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.23 437.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 530.08 437.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 561.38 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 571.57 437.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (new ) Tj ET Q q 0 0 0 rg BT 54.60 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 68.76 425.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 116.25 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.63 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.78 425.10 Td (use ) Tj ET Q q 0 0 0 rg BT 162.05 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.32 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.48 425.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 206.20 425.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 231.47 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.74 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.90 425.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 298.38 425.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 335.29 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.89 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 363.05 425.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 401.65 425.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 441.64 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.02 425.10 Td (an ) Tj ET Q q 0 0 0 rg BT 469.39 425.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 490.77 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.04 425.10 Td ($79 ) Tj ET Q q 0 0 0 rg BT 517.98 425.10 Td (million ) Tj ET Q q 0 0 0 rg BT 548.81 425.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.36 413.10 Td (an ) Tj ET Q q 0 0 0 rg BT 58.38 413.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 101.51 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 128.54 413.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 162.22 413.10 Td (had ) Tj ET Q q 0 0 0 rg BT 179.24 413.10 Td (given ) Tj ET Q q 0 0 0 rg BT 204.04 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.40 413.10 Td (us ) Tj ET Q q 0 0 0 rg BT 225.87 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.12 413.10 Td (any ) Tj ET Q q 0 0 0 rg BT 257.14 413.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 300.81 413.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 315.61 413.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 344.30 413.10 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 387.41 413.10 Td ($63 ) Tj ET Q q 0 0 0 rg BT 404.99 413.10 Td (million ) Tj ET Q q 0 0 0 rg BT 436.47 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.49 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 472.74 413.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 513.65 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.01 413.10 Td (further ) Tj ET Q q 0 0 0 rg BT 553.80 413.10 Td (detail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.78 401.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 69.21 401.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 77.21 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.99 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.32 401.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 136.75 401.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 190.29 401.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.27 401.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 275.98 401.10 Td (included ) Tj ET Q q 0 0 0 rg BT 313.41 401.10 Td (herein. ) Tj ET Q q 0 0 0 rg BT 343.89 401.10 Td (On ) Tj ET Q q 0 0 0 rg BT 359.11 401.10 Td (June28, ) Tj ET Q q 0 0 0 rg BT 395.44 401.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 420.94 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 435.59 401.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 455.26 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.04 401.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 500.14 401.10 Td (all ) Tj ET Q q 0 0 0 rg BT 513.13 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.46 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.68 401.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 567.67 401.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 69.07 389.10 Td (Nor) Tj ET Q q 0 0 0 rg BT 84.44 389.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 95.84 389.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 130.15 389.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 144.90 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.31 389.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 194.38 389.10 Td (Nor) Tj ET Q q 0 0 0 rg BT 209.75 389.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 220.72 389.10 Td (AS, ) Tj ET Q q 0 0 0 rg BT 237.96 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.26 389.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 312.99 389.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 364.68 389.10 Td (which ) Tj ET Q q 0 0 0 rg BT 391.08 389.10 Td (were ) Tj ET Q q 0 0 0 rg BT 412.47 389.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 471.08 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.82 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.01 389.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 509.19 389.10 Td (dispute. ) Tj ET Q q 0 0 0 rg BT 542.11 389.10 Td (As ) Tj ET Q q 0 0 0 rg BT 555.19 389.10 Td (such, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 51.83 377.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 92.11 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.27 377.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 145.97 377.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.69 377.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 199.31 377.10 Td (was ) Tj ET Q q 0 0 0 rg BT 217.36 377.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 251.50 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.78 377.10 Td ($0 ) Tj ET Q q 0 0 0 rg BT 274.28 377.10 Td (million ) Tj ET Q q 0 0 0 rg BT 305.67 377.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.39 377.10 Td (December ) Tj ET Q q 0 0 0 rg BT 358.97 377.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 373.97 377.10 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 130.02 329.10 Td (guarantees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 106.08 305.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 143.49 305.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 196.99 305.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 242.71 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.46 305.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 300.31 305.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.06 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.25 305.10 Td (Company) Tj ET Q q 0 0 0 rg BT 377.92 305.10 Td (s ) Tj ET Q q 0 0 0 rg BT 384.78 305.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 417.20 305.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 458.77 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.18 305.10 Td (char) Tj ET Q q 0 0 0 rg BT 493.21 305.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 509.51 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.70 305.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 566.56 305.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 64.27 293.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 78.10 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.05 293.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 103.00 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.95 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.78 293.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 172.26 293.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 203.88 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.27 293.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 245.44 293.10 Td (these ) Tj ET Q q 0 0 0 rg BT 267.60 293.10 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 314.36 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 331.52 293.10 Td (total ) Tj ET Q q 0 0 0 rg BT 350.92 293.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 382.53 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.48 293.10 Td (such ) Tj ET Q q 0 0 0 rg BT 412.43 293.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 456.80 293.10 Td (was ) Tj ET Q q 0 0 0 rg BT 473.97 293.10 Td ($300 ) Tj ET Q q 0 0 0 rg BT 495.59 293.10 Td (million ) Tj ET Q q 0 0 0 rg BT 526.10 293.10 Td (at ) Tj ET Q q 0 0 0 rg BT 534.94 293.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 51.00 281.10 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.04 257.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 119.03 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.96 257.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 173.56 257.10 Td (has ) Tj ET Q q 0 0 0 rg BT 188.61 257.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 216.97 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.46 257.10 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 268.16 257.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 300.97 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.35 257.10 Td (all ) Tj ET Q q 0 0 0 rg BT 326.06 257.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 353.88 257.10 Td (made ) Tj ET Q q 0 0 0 rg BT 377.24 257.10 Td (against ) Tj ET Q q 0 0 0 rg BT 407.28 257.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 440.10 257.10 Td (under ) Tj ET Q q 0 0 0 rg BT 464.58 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.51 257.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 530.75 257.10 Td (guarantees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 233.10 Td (following ) Tj ET Q q 0 0 0 rg BT 131.43 233.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 184.46 233.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 229.71 233.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 257.21 233.10 Td (by ) Tj ET Q q 0 0 0 rg BT 269.71 233.10 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 303.31 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 318.02 233.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 356.61 233.10 Td (outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 209.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 209.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 125.50 209.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 209.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 209.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 209.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.98 209.10 Td (Exxon ) Tj ET Q q 0 0 0 rg BT 324.59 209.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 348.75 209.10 Td (June28, ) Tj ET Q q 0 0 0 rg BT 384.58 209.10 Td (201) Tj ET Q q 0 0 0 rg BT 399.21 209.10 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 197.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 125.50 197.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 197.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 197.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 197.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.98 197.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 324.60 197.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 367.65 197.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 382.93 197.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 406.54 197.10 Td (August19, ) Tj ET Q q 0 0 0 rg BT 452.93 197.10 Td (2010.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 185.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 185.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 125.50 185.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 185.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 185.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 185.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.43 185.10 Td (A/S ) Tj ET Q q 0 0 0 rg BT 313.49 185.10 Td (Norske ) Tj ET Q q 0 0 0 rg BT 344.88 185.10 Td (Shell ) Tj ET Q q 0 0 0 rg BT 367.93 185.10 Td (ef) Tj ET Q q 0 0 0 rg BT 375.52 185.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 405.22 185.10 Td (from ) Tj ET Q q 0 0 0 rg BT 427.16 185.10 Td (May10, ) Tj ET Q q 0 0 0 rg BT 462.99 185.10 Td (2007.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 173.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 125.50 173.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 173.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 173.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 173.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.80 173.10 Td (T) Tj ET Q q 0 0 0 rg BT 301.21 173.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 318.71 173.10 Td (E&P) Tj ET Q q 0 0 0 rg BT 337.79 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.29 173.10 Td (United ) Tj ET Q q 0 0 0 rg BT 370.00 173.10 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 410.28 173.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 444.44 173.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 468.60 173.10 Td (July12, ) Tj ET Q q 0 0 0 rg BT 502.77 173.10 Td (2010.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 161.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 161.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 125.50 161.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 161.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 161.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 161.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.98 161.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 324.60 161.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 367.65 161.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 382.93 161.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 407.09 161.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 450.69 161.10 Td (201) Tj ET Q q 0 0 0 rg BT 465.31 161.10 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 149.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 149.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 125.50 149.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 149.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 149.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 149.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.98 149.10 Td (Conoco ) Tj ET Q q 0 0 0 rg BT 329.59 149.10 Td (Philips ) Tj ET Q q 0 0 0 rg BT 359.88 149.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 383.48 149.10 Td (April12, ) Tj ET Q q 0 0 0 rg BT 422.09 149.10 Td (201) Tj ET Q q 0 0 0 rg BT 436.72 149.10 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 137.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 125.50 137.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 137.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 137.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 137.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.98 137.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 324.60 137.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 367.65 137.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 382.93 137.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 406.54 137.10 Td (April19, ) Tj ET Q q 0 0 0 rg BT 445.14 137.10 Td (2010.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 125.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 125.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 125.50 125.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.89 125.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.91 125.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 251.28 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.55 125.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 285.15 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.98 125.10 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 324.60 125.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 367.65 125.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 382.93 125.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 407.09 125.10 Td (January2, ) Tj ET Q q 0 0 0 rg BT 450.69 125.10 Td (2012.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 108.93 749.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 125.41 749.25 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.25 Td (North ) Tj ET Q q 0 0 0 rg BT 97.28 725.25 Td (Atlantic Management contracts in certain management services from Seadrill Management in accordance with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (terms of the Services ) Tj ET Q q 0 0 0 rg BT 122.09 713.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 171.33 713.25 Td (The agreement can be terminated by either party at ninety days notice. In consideration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (services provided, the Company pay Seadrill Management a fee that includes the operating costs attributable to us plus a mar) Tj ET Q q 0 0 0 rg BT 536.23 701.25 Td (gin 8%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (Seadrill Management had char) Tj ET Q q 0 0 0 rg BT 158.27 689.25 Td (ged North ) Tj ET Q q 0 0 0 rg BT 200.49 689.25 Td (Atlantic Management a fee of $31.0 million for the fiscal year ended December 31, 2013.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 665.25 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 135.06 665.25 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 641.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.36 641.25 Td (also ) Tj ET Q q 0 0 0 rg BT 107.75 641.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 139.90 641.25 Td (corporate, ) Tj ET Q q 0 0 0 rg BT 183.43 641.25 Td (secretarial ) Tj ET Q q 0 0 0 rg BT 227.79 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.51 641.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 276.00 641.25 Td (other ) Tj ET Q q 0 0 0 rg BT 299.83 641.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 360.32 641.25 Td (services ) Tj ET Q q 0 0 0 rg BT 395.81 641.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 429.63 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.69 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.19 641.25 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 505.03 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.64 641.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 556.58 641.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 75.26 629.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 130.05 629.25 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 175.96 629.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 197.44 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 208.36 629.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 247.62 629.25 Td (Management, ) Tj ET Q q 0 0 0 rg BT 304.91 629.25 Td (under ) Tj ET Q q 0 0 0 rg BT 330.27 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.08 629.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 380.97 629.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 427.99 629.25 Td (with ) Tj ET Q q 0 0 0 rg BT 448.36 629.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 482.06 629.25 Td (Management. ) Tj ET Q q 0 0 0 rg BT 539.35 629.25 Td (Frontline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 91.17 617.25 Td (is ) Tj ET Q q 0 0 0 rg BT 100.81 617.25 Td (a ) Tj ET Q q 0 0 0 rg BT 108.21 617.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 168.95 617.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 213.03 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.32 617.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 263.96 617.25 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 283.31 617.25 Td (\(NYSE:FRO\)\(OSE:FRO\), ) Tj ET Q q 0 0 0 rg BT 391.57 617.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.97 617.25 Td (company ) Tj ET Q q 0 0 0 rg BT 438.60 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.34 617.25 Td (which ) Tj ET Q q 0 0 0 rg BT 476.75 617.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 508.59 617.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 544.34 617.25 Td (Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 605.25 Td (other ) Tj ET Q q 0 0 0 rg BT 75.99 605.25 Td (related ) Tj ET Q q 0 0 0 rg BT 105.69 605.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 153.45 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 164.28 605.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 195.66 605.25 Td (Holding, ) Tj ET Q q 0 0 0 rg BT 233.44 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.61 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 249.54 605.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 287.59 605.25 Td (shareholder) Tj ET Q q 0 0 0 rg BT 333.68 605.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (Operation ) Tj ET Q q 0 0 0 rg BT 118.39 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.01 581.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 195.61 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.44 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.09 581.25 Td (W) Tj ET Q q 0 0 0 rg BT 231.54 581.25 Td (est ) Tj ET Q q 0 0 0 rg BT 245.70 581.25 Td (Her) Tj ET Q q 0 0 0 rg BT 262.17 581.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.25 Td (The) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.05 557.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.46 557.25 Td (est ) Tj ET Q q 0 0 0 rg BT 110.38 557.25 Td (Her) Tj ET Q q 0 0 0 rg BT 125.56 557.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.11 557.25 Td (, ) Tj ET Q q 0 0 0 rg BT 150.42 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.67 557.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 180.15 557.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 235.00 557.25 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 307.36 557.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 338.61 557.25 Td (rig, ) Tj ET Q q 0 0 0 rg BT 354.03 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 362.52 557.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 390.99 557.25 Td (by ) Tj ET Q q 0 0 0 rg BT 402.80 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 409.05 557.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 468.64 557.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 511.56 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.70 557.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 541.85 557.25 Td (Finance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 43.83 545.25 Td (related ) Tj ET Q q 0 0 0 rg BT 74.42 545.25 Td (party) Tj ET Q q 0 0 0 rg BT 94.32 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 100.20 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.03 545.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.09 545.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 172.02 545.25 Td (by ) Tj ET Q q 0 0 0 rg BT 185.41 545.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 219.90 545.25 Td (through ) Tj ET Q q 0 0 0 rg BT 254.40 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 262.23 545.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 300.04 545.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 331.18 545.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 376.21 545.25 Td (that ) Tj ET Q q 0 0 0 rg BT 394.59 545.25 Td (expires ) Tj ET Q q 0 0 0 rg BT 426.86 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.03 545.25 Td (2023. ) Tj ET Q q 0 0 0 rg BT 463.92 545.25 Td (Until ) Tj ET Q q 0 0 0 rg BT 487.86 545.25 Td (October31, ) Tj ET Q q 0 0 0 rg BT 538.46 545.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 564.34 545.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 72.74 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.50 533.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 127.91 533.25 Td (this ) Tj ET Q q 0 0 0 rg BT 144.67 533.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 158.10 533.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 194.85 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.95 533.25 Td (an ) Tj ET Q q 0 0 0 rg BT 216.70 533.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 264.00 533.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 300.74 533.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 330.81 533.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 374.77 533.25 Td (that ) Tj ET Q q 0 0 0 rg BT 392.08 533.25 Td (we ) Tj ET Q q 0 0 0 rg BT 406.06 533.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 437.80 533.25 Td (into ) Tj ET Q q 0 0 0 rg BT 455.67 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 475.77 533.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 509.19 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.28 533.25 Td (July ) Tj ET Q q 0 0 0 rg BT 538.27 533.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 562.92 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 571.56 533.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (have ) Tj ET Q q 0 0 0 rg BT 57.96 521.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 113.26 521.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 145.77 521.25 Td (into ) Tj ET Q q 0 0 0 rg BT 164.40 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 171.93 521.25 Td (management ) Tj ET Q q 0 0 0 rg BT 226.10 521.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 270.82 521.25 Td (with ) Tj ET Q q 0 0 0 rg BT 291.68 521.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 325.87 521.25 Td (which ) Tj ET Q q 0 0 0 rg BT 353.39 521.25 Td (replaced ) Tj ET Q q 0 0 0 rg BT 390.33 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.63 521.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 443.14 521.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 473.97 521.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 518.70 521.25 Td (ef) Tj ET Q q 0 0 0 rg BT 526.29 521.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 556.57 521.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (November1, ) Tj ET Q q 0 0 0 rg BT 91.54 509.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 117.38 509.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 155.15 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.27 509.25 Td (which ) Tj ET Q q 0 0 0 rg BT 194.04 509.25 Td (we ) Tj ET Q q 0 0 0 rg BT 209.04 509.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 246.81 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.93 509.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 290.69 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.46 509.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 342.89 509.25 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 357.61 509.25 Td (W) Tj ET Q q 0 0 0 rg BT 365.02 509.25 Td (est ) Tj ET Q q 0 0 0 rg BT 379.46 509.25 Td (Her) Tj ET Q q 0 0 0 rg BT 394.65 509.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.19 509.25 Td (while ) Tj ET Q q 0 0 0 rg BT 443.25 509.25 Td (it ) Tj ET Q q 0 0 0 rg BT 452.14 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 462.15 509.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 504.92 509.25 Td (under ) Tj ET Q q 0 0 0 rg BT 531.02 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 546.57 509.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 70.70 497.25 Td (with ) Tj ET Q q 0 0 0 rg BT 90.98 497.25 Td (Statoil. ) Tj ET Q q 0 0 0 rg BT 122.09 497.25 Td (Details ) Tj ET Q q 0 0 0 rg BT 152.92 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.75 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.47 497.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 221.50 497.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 269.53 497.25 Td (are ) Tj ET Q q 0 0 0 rg BT 284.24 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 295.07 497.25 Td (follows:) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 471.9169921875 m 348.1279296875 471.9169921875 l s q 0 0 0 rg BT 72.00 473.25 Td (Bar) Tj ET Q q 0 0 0 rg BT 86.63 473.25 Td (eboat ) Tj ET Q q 0 0 0 rg BT 111.17 473.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 125.79 473.25 Td (eement ) Tj ET Q q 0 0 0 rg BT 156.61 473.25 Td (\(effective ) Tj ET Q q 0 0 0 rg BT 195.75 473.25 Td (July ) Tj ET Q q 0 0 0 rg BT 214.90 473.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 237.40 473.25 Td (thr) Tj ET Q q 0 0 0 rg BT 248.70 473.25 Td (ough ) Tj ET Q q 0 0 0 rg BT 271.20 473.25 Td (October31, ) Tj ET Q q 0 0 0 rg BT 321.47 473.25 Td (2013\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.42 449.25 Td (July ) Tj ET Q q 0 0 0 rg BT 101.19 449.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 125.78 449.25 Td (we ) Tj ET Q q 0 0 0 rg BT 139.54 449.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 171.05 449.25 Td (into ) Tj ET Q q 0 0 0 rg BT 188.70 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.24 449.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 231.75 449.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 261.60 449.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 305.33 449.25 Td (with ) Tj ET Q q 0 0 0 rg BT 325.21 449.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 358.40 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 372.16 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.47 449.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 426.33 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.75 449.25 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.47 449.25 Td (W) Tj ET Q q 0 0 0 rg BT 458.88 449.25 Td (est ) Tj ET Q q 0 0 0 rg BT 472.08 449.25 Td (Her) Tj ET Q q 0 0 0 rg BT 487.26 449.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.81 449.25 Td (. ) Tj ET Q q 0 0 0 rg BT 512.40 449.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 539.49 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 553.80 449.25 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 47.39 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 62.67 437.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 109.86 437.25 Td (we ) Tj ET Q q 0 0 0 rg BT 124.58 437.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 152.63 437.25 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 167.35 437.25 Td (W) Tj ET Q q 0 0 0 rg BT 174.76 437.25 Td (est ) Tj ET Q q 0 0 0 rg BT 188.92 437.25 Td (Her) Tj ET Q q 0 0 0 rg BT 204.11 437.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.65 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 249.65 437.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 283.81 437.25 Td (at ) Tj ET Q q 0 0 0 rg BT 294.09 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 301.59 437.25 Td (daily ) Tj ET Q q 0 0 0 rg BT 324.64 437.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 342.68 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.07 437.25 Td ($214,389 ) Tj ET Q q 0 0 0 rg BT 394.63 437.25 Td (which ) Tj ET Q q 0 0 0 rg BT 422.13 437.25 Td (was ) Tj ET Q q 0 0 0 rg BT 440.74 437.25 Td (due ) Tj ET Q q 0 0 0 rg BT 458.24 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.08 437.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 504.89 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.73 437.25 Td ($229,326 ) Tj ET Q q 0 0 0 rg BT 556.29 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 567.67 437.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (January31, ) Tj ET Q q 0 0 0 rg BT 84.47 425.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 109.34 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.15 425.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 162.94 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.53 425.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 191.00 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.15 425.25 Td (Norway ) Tj ET Q q 0 0 0 rg BT 235.73 425.25 Td (under ) Tj ET Q q 0 0 0 rg BT 260.87 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.68 425.25 Td (four ) Tj ET Q q 0 0 0 rg BT 286.71 425.25 Td (year ) Tj ET Q q 0 0 0 rg BT 306.29 425.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 340.86 425.25 Td (with ) Tj ET Q q 0 0 0 rg BT 361.01 425.25 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 389.49 425.25 Td (which ) Tj ET Q q 0 0 0 rg BT 416.30 425.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 466.98 425.25 Td (on ) Tj ET Q q 0 0 0 rg BT 479.35 425.25 Td (January31, ) Tj ET Q q 0 0 0 rg BT 527.81 425.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 552.68 425.25 Td (North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 70.49 413.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 124.98 413.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 162.81 413.25 Td (management ) Tj ET Q q 0 0 0 rg BT 216.18 413.25 Td (services ) Tj ET Q q 0 0 0 rg BT 250.67 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.61 413.25 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.32 413.25 Td (W) Tj ET Q q 0 0 0 rg BT 286.74 413.25 Td (est ) Tj ET Q q 0 0 0 rg BT 300.13 413.25 Td (Her) Tj ET Q q 0 0 0 rg BT 315.31 413.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.35 413.25 Td (during ) Tj ET Q q 0 0 0 rg BT 366.74 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.24 413.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 412.97 413.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 447.45 413.25 Td (with ) Tj ET Q q 0 0 0 rg BT 467.51 413.25 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 495.91 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.63 413.25 Td (was ) Tj ET Q q 0 0 0 rg BT 530.46 413.25 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (for) Tj ET Q q 0 0 0 rg BT 47.26 401.25 Td (, ) Tj ET Q q 0 0 0 rg BT 51.23 401.25 Td (among ) Tj ET Q q 0 0 0 rg BT 79.92 401.25 Td (other ) Tj ET Q q 0 0 0 rg BT 101.94 401.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 130.36 401.25 Td (budgeting ) Tj ET Q q 0 0 0 rg BT 171.82 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.73 401.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 233.08 401.25 Td (functions, ) Tj ET Q q 0 0 0 rg BT 274.26 401.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 311.82 401.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 366.88 401.25 Td (staf) Tj ET Q q 0 0 0 rg BT 381.14 401.25 Td (fing ) Tj ET Q q 0 0 0 rg BT 398.72 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.63 401.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 463.30 401.25 Td (management ) Tj ET Q q 0 0 0 rg BT 515.86 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.66 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.35 401.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 389.25 Td (suppliers.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 363.9169921875 m 287.6884765625 363.9169921875 l s q 0 0 0 rg BT 72.00 365.25 Td (T) Tj ET Q q 0 0 0 rg BT 76.64 365.25 Td (ermination ) Tj ET Q q 0 0 0 rg BT 122.85 365.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 137.48 365.25 Td (eement ) Tj ET Q q 0 0 0 rg BT 168.29 365.25 Td (\(effective ) Tj ET Q q 0 0 0 rg BT 207.43 365.25 Td (November1, ) Tj ET Q q 0 0 0 rg BT 261.03 365.25 Td (2013\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 341.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.34 341.25 Td (have ) Tj ET Q q 0 0 0 rg BT 108.48 341.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 137.39 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.44 341.25 Td (assign ) Tj ET Q q 0 0 0 rg BT 174.70 341.25 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.42 341.25 Td (W) Tj ET Q q 0 0 0 rg BT 196.83 341.25 Td (est ) Tj ET Q q 0 0 0 rg BT 210.20 341.25 Td (Her) Tj ET Q q 0 0 0 rg BT 225.38 341.25 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.93 341.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 280.14 341.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 314.60 341.25 Td (with ) Tj ET Q q 0 0 0 rg BT 334.65 341.25 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 363.03 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.07 341.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 406.44 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.14 341.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 463.16 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.64 341.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 511.57 341.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 548.26 341.25 Td (charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 80.79 329.25 Td (between ) Tj ET Q q 0 0 0 rg BT 117.26 329.25 Td (us ) Tj ET Q q 0 0 0 rg BT 129.31 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.90 329.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 181.16 329.25 Td (ef) Tj ET Q q 0 0 0 rg BT 188.74 329.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 219.10 329.25 Td (from ) Tj ET Q q 0 0 0 rg BT 241.69 329.25 Td (November1, ) Tj ET Q q 0 0 0 rg BT 297.05 329.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 322.71 329.25 Td (No ) Tj ET Q q 0 0 0 rg BT 338.08 329.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 396.78 329.25 Td (was ) Tj ET Q q 0 0 0 rg BT 415.48 329.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 449.73 329.25 Td (by ) Tj ET Q q 0 0 0 rg BT 462.88 329.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 497.14 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.07 329.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 548.98 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 563.79 329.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (assignment, ) Tj ET Q q 0 0 0 rg BT 86.00 317.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 101.83 317.25 Td (was ) Tj ET Q q 0 0 0 rg BT 119.88 317.25 Td (any ) Tj ET Q q 0 0 0 rg BT 136.82 317.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 194.86 317.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 228.45 317.25 Td (by ) Tj ET Q q 0 0 0 rg BT 240.95 317.25 Td (us ) Tj ET Q q 0 0 0 rg BT 252.34 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.62 317.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 296.22 317.25 Td (for ) Tj ET Q q 0 0 0 rg BT 310.38 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.10 317.25 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 375.91 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.74 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.45 317.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 435.62 317.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 472.54 317.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 502.80 317.25 Td (agreement.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 291.9169921875 m 291.365234375 291.9169921875 l s q 0 0 0 rg BT 72.00 293.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 126.53 293.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 141.16 293.25 Td (eement ) Tj ET Q q 0 0 0 rg BT 171.97 293.25 Td (\(effective ) Tj ET Q q 0 0 0 rg BT 211.11 293.25 Td (November1, ) Tj ET Q q 0 0 0 rg BT 264.71 293.25 Td (2013\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 269.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.58 269.25 Td (have ) Tj ET Q q 0 0 0 rg BT 108.95 269.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 140.88 269.25 Td (into ) Tj ET Q q 0 0 0 rg BT 158.93 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 165.87 269.25 Td (management ) Tj ET Q q 0 0 0 rg BT 219.46 269.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 263.60 269.25 Td (with ) Tj ET Q q 0 0 0 rg BT 283.88 269.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 317.48 269.25 Td (containing ) Tj ET Q q 0 0 0 rg BT 362.20 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.91 269.25 Td (following ) Tj ET Q q 0 0 0 rg BT 418.30 269.25 Td (key ) Tj ET Q q 0 0 0 rg BT 435.24 269.25 Td (terms:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 245.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 245.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 117.26 245.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 146.96 245.25 Td (November1, ) Tj ET Q q 0 0 0 rg BT 201.67 245.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 226.67 245.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 257.49 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.77 245.25 Td (Statoil) Tj ET Q q 0 0 0 rg BT 296.66 245.25 Td (s ) Tj ET Q q 0 0 0 rg BT 303.05 245.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 336.10 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.38 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.10 245.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 393.04 245.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 427.74 245.25 Td (assignment ) Tj ET Q q 0 0 0 rg BT 475.24 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 497.17 245.25 Td (us ) Tj ET Q q 0 0 0 rg BT 508.57 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.84 245.25 Td (Seadrill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 233.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 233.25 Td (Expires ) Tj ET Q q 0 0 0 rg BT 141.64 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 154.72 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.03 233.25 Td (date ) Tj ET Q q 0 0 0 rg BT 189.77 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 202.86 233.25 Td (which ) Tj ET Q q 0 0 0 rg BT 230.39 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.69 233.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 278.22 233.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 313.52 233.25 Td (with ) Tj ET Q q 0 0 0 rg BT 334.38 233.25 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 363.58 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 373.34 233.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 419.19 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 430.61 233.25 Td (expires ) Tj ET Q q 0 0 0 rg BT 462.57 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 473.99 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.30 233.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 503.49 233.25 Td (leaves ) Tj ET Q q 0 0 0 rg BT 531.57 233.25 Td (Norwegian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 221.25 Td (territorial ) Tj ET Q q 0 0 0 rg BT 148.26 221.25 Td (waters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 209.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 209.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 209.25 Td (e ) Tj ET Q q 0 0 0 rg BT 124.50 209.25 Td (will ) Tj ET Q q 0 0 0 rg BT 143.48 209.25 Td (be ) Tj ET Q q 0 0 0 rg BT 156.34 209.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 205.31 209.25 Td (for ) Tj ET Q q 0 0 0 rg BT 220.39 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.03 209.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 275.54 209.25 Td (operation, ) Tj ET Q q 0 0 0 rg BT 319.23 209.25 Td (including ) Tj ET Q q 0 0 0 rg BT 360.43 209.25 Td (manning ) Tj ET Q q 0 0 0 rg BT 398.84 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.48 209.25 Td (rig, ) Tj ET Q q 0 0 0 rg BT 431.52 209.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 461.61 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.36 209.25 Td (consumables, ) Tj ET Q q 0 0 0 rg BT 530.94 209.25 Td (repairs ) Tj ET Q q 0 0 0 rg BT 561.57 209.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 197.25 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 165.05 197.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 210.17 197.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 260.29 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.75 197.25 Td (other ) Tj ET Q q 0 0 0 rg BT 303.32 197.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 354.54 197.25 Td (management ) Tj ET Q q 0 0 0 rg BT 409.66 197.25 Td (such ) Tj ET Q q 0 0 0 rg BT 432.01 197.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.37 197.25 Td (invoicing ) Tj ET Q q 0 0 0 rg BT 486.17 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.41 197.25 Td (client ) Tj ET Q q 0 0 0 rg BT 528.65 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 547.11 197.25 Td (dispute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 185.25 Td (resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 173.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 173.25 Td (All ) Tj ET Q q 0 0 0 rg BT 123.14 173.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 148.26 173.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 170.62 173.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 206.30 173.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.66 173.25 Td (us ) Tj ET Q q 0 0 0 rg BT 229.91 173.25 Td (as ) Tj ET Q q 0 0 0 rg BT 240.60 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 247.40 173.25 Td (consequence ) Tj ET Q q 0 0 0 rg BT 300.84 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.53 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.11 173.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 366.25 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.94 173.25 Td (services ) Tj ET Q q 0 0 0 rg BT 411.50 173.25 Td (under ) Tj ET Q q 0 0 0 rg BT 436.63 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.21 173.25 Td (management ) Tj ET Q q 0 0 0 rg BT 504.66 173.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 548.66 173.25 Td (will ) Tj ET Q q 0 0 0 rg BT 566.57 173.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 161.25 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 156.72 161.25 Td (by ) Tj ET Q q 0 0 0 rg BT 170.46 161.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 205.30 161.25 Td (with ) Tj ET Q q 0 0 0 rg BT 226.81 161.25 Td (no ) Tj ET Q q 0 0 0 rg BT 240.55 161.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 264.83 161.25 Td (up. ) Tj ET Q q 0 0 0 rg BT 280.80 161.25 Td (These ) Tj ET Q q 0 0 0 rg BT 308.42 161.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 334.92 161.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 358.65 161.25 Td (include ) Tj ET Q q 0 0 0 rg BT 391.82 161.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 423.88 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.06 161.25 Td (special ) Tj ET Q q 0 0 0 rg BT 473.56 161.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 515.06 161.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 541.30 161.25 Td (catering, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 149.25 Td (commissions ) Tj ET Q q 0 0 0 rg BT 162.49 149.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.54 149.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 200.36 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.06 149.25 Td (brokers, ) Tj ET Q q 0 0 0 rg BT 251.82 149.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 294.90 149.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 328.28 149.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 368.30 149.25 Td (management ) Tj ET Q q 0 0 0 rg BT 421.65 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.36 149.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 485.61 149.25 Td (support ) Tj ET Q q 0 0 0 rg BT 517.88 149.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 538.74 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 555.45 149.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 137.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 133.26 137.25 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.23 113.25 Td (management ) Tj ET Q q 0 0 0 rg BT 144.01 113.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 158.90 113.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.25 113.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 228.70 113.25 Td ($34,500 ) Tj ET Q q 0 0 0 rg BT 263.88 113.25 Td (per ) Tj ET Q q 0 0 0 rg BT 279.34 113.25 Td (day) Tj ET Q q 0 0 0 rg BT 293.13 113.25 Td (, ) Tj ET Q q 0 0 0 rg BT 298.31 113.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 317.67 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 324.79 113.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 351.37 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.39 113.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 385.07 113.25 Td (per ) Tj ET Q q 0 0 0 rg BT 400.53 113.25 Td (day ) Tj ET Q q 0 0 0 rg BT 417.65 113.25 Td (for ) Tj ET Q q 0 0 0 rg BT 432.00 113.25 Td (each ) Tj ET Q q 0 0 0 rg BT 453.00 113.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 498.98 113.25 Td (point ) Tj ET Q q 0 0 0 rg BT 522.22 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.13 113.25 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 78.39 101.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 111.87 101.25 Td (95%, ) Tj ET Q q 0 0 0 rg BT 134.54 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.82 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.88 101.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 178.92 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.20 101.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 220.93 101.25 Td (will ) Tj ET Q q 0 0 0 rg BT 238.33 101.25 Td (be ) Tj ET Q q 0 0 0 rg BT 249.61 101.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 288.09 101.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 324.37 101.25 Td (during ) Tj ET Q q 0 0 0 rg BT 352.32 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.37 101.25 Td (month ) Tj ET Q q 0 0 0 rg BT 393.77 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.94 101.25 Td (December ) Tj ET Q q 0 0 0 rg BT 446.86 101.25 Td (each ) Tj ET Q q 0 0 0 rg BT 467.02 101.25 Td (year ) Tj ET Q q 0 0 0 rg BT 486.06 101.25 Td (based ) Tj ET Q q 0 0 0 rg BT 510.67 101.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 532.51 101.25 Td (an ) Tj ET Q q 0 0 0 rg BT 543.79 101.25 Td (analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.83 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.55 89.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 87.92 89.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 110.42 89.25 Td (for ) Tj ET Q q 0 0 0 rg BT 124.58 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.30 89.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 179.57 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.40 89.25 Td (services ) Tj ET Q q 0 0 0 rg BT 225.11 89.25 Td (during ) Tj ET Q q 0 0 0 rg BT 253.72 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.44 89.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 290.38 89.25 Td (year ) Tj ET Q q 0 0 0 rg BT 310.08 89.25 Td (then ) Tj ET Q q 0 0 0 rg BT 329.80 89.25 Td (ending.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Ar) Tj ET Q q 0 0 0 rg BT 83.48 749.25 Td (cher) Tj ET Q q 0 0 0 rg BT 102.18 749.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.68 749.25 Td (Limited-Engineering ) Tj ET Q q 0 0 0 rg BT 196.62 749.25 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 102.66 725.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 137.23 725.25 Td (\(OSE:ARCHER\), ) Tj ET Q q 0 0 0 rg BT 211.53 725.25 Td (a ) Tj ET Q q 0 0 0 rg BT 218.87 725.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 258.43 725.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.89 725.25 Td (service ) Tj ET Q q 0 0 0 rg BT 303.11 725.25 Td (company ) Tj ET Q q 0 0 0 rg BT 342.67 725.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.36 725.25 Td (which ) Tj ET Q q 0 0 0 rg BT 380.70 725.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 414.71 725.25 Td (has ) Tj ET Q q 0 0 0 rg BT 430.95 725.25 Td (a ) Tj ET Q q 0 0 0 rg BT 438.29 725.25 Td (39.9% ) Tj ET Q q 0 0 0 rg BT 467.02 725.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 494.92 725.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 529.76 725.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 567.11 725.25 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 55.75 713.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 104.91 713.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 141.45 713.25 Td (W) Tj ET Q q 0 0 0 rg BT 150.08 713.25 Td (e ) Tj ET Q q 0 0 0 rg BT 156.49 713.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 175.24 713.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 204.96 713.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 238.59 713.25 Td (remuneration ) Tj ET Q q 0 0 0 rg BT 293.87 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 307.49 713.25 Td (its ) Tj ET Q q 0 0 0 rg BT 318.91 713.25 Td (services ) Tj ET Q q 0 0 0 rg BT 353.08 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.83 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.01 713.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 408.97 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.27 713.25 Td ($4 ) Tj ET Q q 0 0 0 rg BT 431.24 713.25 Td (million ) Tj ET Q q 0 0 0 rg BT 462.10 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 475.72 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.91 713.25 Td (year ) Tj ET Q q 0 0 0 rg BT 509.08 713.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 534.92 713.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 51.00 701.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 76.00 701.25 Td (which ) Tj ET Q q 0 0 0 rg BT 102.94 701.25 Td (we ) Tj ET Q q 0 0 0 rg BT 117.10 701.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 148.47 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 157.64 701.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 206.78 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.06 701.25 Td (market ) Tj ET Q q 0 0 0 rg BT 247.32 701.25 Td (terms.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 677.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 127.28 677.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 143.76 677.25 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.25 Td (At ) Tj ET Q q 0 0 0 rg BT 83.61 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.43 653.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 127.93 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.87 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 152.80 653.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 177.74 653.25 Td (public ) Tj ET Q q 0 0 0 rg BT 204.34 653.25 Td (of) Tj ET Q q 0 0 0 rg BT 212.49 653.25 Td (fering, ) Tj ET Q q 0 0 0 rg BT 240.48 653.25 Td (we ) Tj ET Q q 0 0 0 rg BT 253.75 653.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 284.78 653.25 Td (into ) Tj ET Q q 0 0 0 rg BT 301.94 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 307.99 653.25 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 356.80 653.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 402.55 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 412.49 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.31 653.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 477.00 653.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 525.53 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 544.92 653.25 Td (Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 72.48 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.53 641.25 Td (following ) Tj ET Q q 0 0 0 rg BT 131.91 641.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 176.08 641.25 Td (describes ) Tj ET Q q 0 0 0 rg BT 215.79 641.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 245.49 641.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 289.66 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.49 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.21 641.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 366.59 641.25 Td (Agreement.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 617.25 Td (Cooperation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 100.15 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.52 593.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 167.41 593.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 217.49 593.25 Td (we ) Tj ET Q q 0 0 0 rg BT 232.31 593.25 Td (received ) Tj ET Q q 0 0 0 rg BT 269.32 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 276.92 593.25 Td (right ) Tj ET Q q 0 0 0 rg BT 298.96 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.45 593.25 Td (first ) Tj ET Q q 0 0 0 rg BT 329.71 593.25 Td (refusal ) Tj ET Q q 0 0 0 rg BT 360.07 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.01 593.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 416.36 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 427.30 593.25 Td (any ) Tj ET Q q 0 0 0 rg BT 444.89 593.25 Td (business ) Tj ET Q q 0 0 0 rg BT 481.94 593.25 Td (opportunity) Tj ET Q q 0 0 0 rg BT 527.95 593.25 Td (, ) Tj ET Q q 0 0 0 rg BT 533.61 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 545.09 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 552.69 593.25 Td (North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 70.08 581.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 107.50 581.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 155.74 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 160.11 581.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 200.29 581.25 Td (by ) Tj ET Q q 0 0 0 rg BT 212.16 581.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 245.13 581.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 278.65 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 288.85 581.25 Td (its ) Tj ET Q q 0 0 0 rg BT 300.16 581.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 342.57 581.25 Td (af) Tj ET Q q 0 0 0 rg BT 350.16 581.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 379.23 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 392.76 581.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 424.07 581.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 462.03 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.67 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.76 581.25 Td (North ) Tj ET Q q 0 0 0 rg BT 510.54 581.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 544.62 581.25 Td (Region, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (which ) Tj ET Q q 0 0 0 rg BT 63.37 569.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 99.63 569.25 Td (only ) Tj ET Q q 0 0 0 rg BT 120.34 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.49 569.25 Td (territorial ) Tj ET Q q 0 0 0 rg BT 176.18 569.25 Td (waters ) Tj ET Q q 0 0 0 rg BT 205.21 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.58 569.25 Td (outer ) Tj ET Q q 0 0 0 rg BT 246.06 569.25 Td (continental ) Tj ET Q q 0 0 0 rg BT 293.42 569.25 Td (shelf ) Tj ET Q q 0 0 0 rg BT 315.79 569.25 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 364.27 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.54 569.25 Td (\(i\)Norway) Tj ET Q q 0 0 0 rg BT 419.04 569.25 Td (, ) Tj ET Q q 0 0 0 rg BT 424.47 569.25 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 454.33 569.25 Td (United ) Tj ET Q q 0 0 0 rg BT 484.48 569.25 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 527.69 569.25 Td (\(iii\)Ireland, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (\(iv\)Denmark, ) Tj ET Q q 0 0 0 rg BT 94.57 557.25 Td (\(v\)the ) Tj ET Q q 0 0 0 rg BT 122.87 557.25 Td (Netherlands, ) Tj ET Q q 0 0 0 rg BT 175.60 557.25 Td (\(vi\)the ) Tj ET Q q 0 0 0 rg BT 206.68 557.25 Td (east ) Tj ET Q q 0 0 0 rg BT 224.15 557.25 Td (coast ) Tj ET Q q 0 0 0 rg BT 246.62 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.87 557.25 Td (Greenland, ) Tj ET Q q 0 0 0 rg BT 302.93 557.25 Td (\(vii\)Russia ) Tj ET Q q 0 0 0 rg BT 351.24 557.25 Td (\(west ) Tj ET Q q 0 0 0 rg BT 374.82 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.07 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.21 557.25 Td (island ) Tj ET Q q 0 0 0 rg BT 425.02 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.27 557.25 Td (Diksonskiy\), ) Tj ET Q q 0 0 0 rg BT 488.59 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.95 557.25 Td (\(viii\)all ) Tj ET Q q 0 0 0 rg BT 539.36 557.25 Td (countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (within ) Tj ET Q q 0 0 0 rg BT 64.02 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.70 545.25 Td (Baltic ) Tj ET Q q 0 0 0 rg BT 105.05 545.25 Td (Sea ) Tj ET Q q 0 0 0 rg BT 121.95 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.86 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.54 545.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 174.33 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.13 545.25 Td (Bothnia. ) Tj ET Q q 0 0 0 rg BT 221.58 545.25 Td (W) Tj ET Q q 0 0 0 rg BT 230.22 545.25 Td (e ) Tj ET Q q 0 0 0 rg BT 237.12 545.25 Td (will ) Tj ET Q q 0 0 0 rg BT 255.14 545.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 294.81 545.25 Td (have ) Tj ET Q q 0 0 0 rg BT 316.15 545.25 Td (between ) Tj ET Q q 0 0 0 rg BT 351.93 545.25 Td (thirty ) Tj ET Q q 0 0 0 rg BT 376.06 545.25 Td (\(30\)and ) Tj ET Q q 0 0 0 rg BT 412.12 545.25 Td (ninety ) Tj ET Q q 0 0 0 rg BT 439.58 545.25 Td (\(90\)days ) Tj ET Q q 0 0 0 rg BT 479.54 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.78 545.25 Td (either ) Tj ET Q q 0 0 0 rg BT 515.01 545.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 543.01 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 553.80 545.25 Td (reject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (such ) Tj ET Q q 0 0 0 rg BT 57.11 533.25 Td (opportunity) Tj ET Q q 0 0 0 rg BT 103.12 533.25 Td (. ) Tj ET Q q 0 0 0 rg BT 108.40 533.25 Td (If ) Tj ET Q q 0 0 0 rg BT 117.84 533.25 Td (we ) Tj ET Q q 0 0 0 rg BT 132.28 533.25 Td (reject ) Tj ET Q q 0 0 0 rg BT 157.26 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 168.37 533.25 Td (do ) Tj ET Q q 0 0 0 rg BT 181.15 533.25 Td (not ) Tj ET Q q 0 0 0 rg BT 196.70 533.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 225.03 533.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 253.34 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.34 533.25 Td (North ) Tj ET Q q 0 0 0 rg BT 293.83 533.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 328.82 533.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 367.16 533.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 415.40 533.25 Td (, ) Tj ET Q q 0 0 0 rg BT 420.68 533.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 454.56 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 465.67 533.25 Td (its ) Tj ET Q q 0 0 0 rg BT 477.90 533.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 521.22 533.25 Td (af) Tj ET Q q 0 0 0 rg BT 528.80 533.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 558.79 533.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 65.48 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.51 521.25 Td (North ) Tj ET Q q 0 0 0 rg BT 106.04 521.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 141.07 521.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 179.45 521.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 227.69 521.25 Td (. ) Tj ET Q q 0 0 0 rg BT 233.01 521.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 266.93 521.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 302.52 521.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 324.22 521.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.71 521.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 374.30 521.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 413.21 521.25 Td (from ) Tj ET Q q 0 0 0 rg BT 435.47 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.51 521.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 484.43 521.25 Td (af) Tj ET Q q 0 0 0 rg BT 492.02 521.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 522.05 521.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 553.19 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 563.79 521.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 87.38 509.25 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 485.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 485.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.33 485.25 Td (have ) Tj ET Q q 0 0 0 rg BT 108.46 485.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 146.27 485.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 179.63 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 190.21 485.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.92 485.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 244.71 485.25 Td (af) Tj ET Q q 0 0 0 rg BT 252.30 485.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 281.77 485.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 307.90 485.25 Td (than ) Tj ET Q q 0 0 0 rg BT 327.38 485.25 Td (us ) Tj ET Q q 0 0 0 rg BT 338.52 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 349.11 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 364.70 485.25 Td (subsidiaries\) ) Tj ET Q q 0 0 0 rg BT 417.50 485.25 Td (with ) Tj ET Q q 0 0 0 rg BT 437.53 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 444.23 485.25 Td (right ) Tj ET Q q 0 0 0 rg BT 465.37 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.96 485.25 Td (first ) Tj ET Q q 0 0 0 rg BT 494.32 485.25 Td (refusal ) Tj ET Q q 0 0 0 rg BT 523.78 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.82 485.25 Td (participate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 45.52 473.25 Td (any ) Tj ET Q q 0 0 0 rg BT 61.70 473.25 Td (business ) Tj ET Q q 0 0 0 rg BT 97.33 473.25 Td (opportunity) Tj ET Q q 0 0 0 rg BT 143.35 473.25 Td (, ) Tj ET Q q 0 0 0 rg BT 147.59 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 157.66 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 163.84 473.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 196.68 473.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 233.98 473.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 282.22 473.25 Td (, ) Tj ET Q q 0 0 0 rg BT 286.46 473.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 326.52 473.25 Td (by ) Tj ET Q q 0 0 0 rg BT 338.26 473.25 Td (us ) Tj ET Q q 0 0 0 rg BT 348.90 473.25 Td (for ) Tj ET Q q 0 0 0 rg BT 362.30 473.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 393.48 473.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 431.32 473.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 461.95 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.02 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.98 473.25 Td (North ) Tj ET Q q 0 0 0 rg BT 510.66 473.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 544.61 473.25 Td (Region. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 69.22 461.25 Td (will ) Tj ET Q q 0 0 0 rg BT 86.88 461.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 126.20 461.25 Td (have ) Tj ET Q q 0 0 0 rg BT 147.19 461.25 Td (between ) Tj ET Q q 0 0 0 rg BT 182.61 461.25 Td (thirty ) Tj ET Q q 0 0 0 rg BT 206.39 461.25 Td (\(30\)and ) Tj ET Q q 0 0 0 rg BT 242.10 461.25 Td (ninety ) Tj ET Q q 0 0 0 rg BT 269.21 461.25 Td (\(90\)days ) Tj ET Q q 0 0 0 rg BT 308.81 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.70 461.25 Td (either ) Tj ET Q q 0 0 0 rg BT 343.58 461.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 371.22 461.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.66 461.25 Td (reject ) Tj ET Q q 0 0 0 rg BT 405.98 461.25 Td (such ) Tj ET Q q 0 0 0 rg BT 426.42 461.25 Td (opportunity) Tj ET Q q 0 0 0 rg BT 472.43 461.25 Td (. ) Tj ET Q q 0 0 0 rg BT 477.04 461.25 Td (If ) Tj ET Q q 0 0 0 rg BT 485.82 461.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 519.03 461.25 Td (rejects ) Tj ET Q q 0 0 0 rg BT 547.24 461.25 Td (or ) Tj ET Q q 0 0 0 rg BT 557.68 461.25 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (not ) Tj ET Q q 0 0 0 rg BT 51.28 449.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 79.33 449.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 107.36 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.08 449.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 155.68 449.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 193.74 449.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 241.98 449.25 Td (, ) Tj ET Q q 0 0 0 rg BT 246.98 449.25 Td (we ) Tj ET Q q 0 0 0 rg BT 261.14 449.25 Td (may ) Tj ET Q q 0 0 0 rg BT 280.86 449.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 310.02 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.74 449.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 358.34 449.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 396.40 449.25 Td (Opportunity) Tj ET Q q 0 0 0 rg BT 444.64 449.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 425.25 Td (Conflicts ) Tj ET Q q 0 0 0 rg BT 111.73 425.25 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 98.49 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.21 401.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 162.81 401.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 211.23 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.17 401.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 253.11 401.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 296.82 401.25 Td (has ) Tj ET Q q 0 0 0 rg BT 311.65 401.25 Td (been ) Tj ET Q q 0 0 0 rg BT 332.02 401.25 Td (established ) Tj ET Q q 0 0 0 rg BT 377.96 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.24 401.25 Td (review ) Tj ET Q q 0 0 0 rg BT 415.94 401.25 Td (all ) Tj ET Q q 0 0 0 rg BT 427.44 401.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 476.70 401.25 Td (that ) Tj ET Q q 0 0 0 rg BT 493.20 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.92 401.25 Td (board ) Tj ET Q q 0 0 0 rg BT 531.19 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.02 401.25 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 71.58 389.25 Td (may ) Tj ET Q q 0 0 0 rg BT 91.61 389.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 124.42 389.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 161.67 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.81 389.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 207.56 389.25 Td (including ) Tj ET Q q 0 0 0 rg BT 248.15 389.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 283.72 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.86 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.90 389.25 Td (right ) Tj ET Q q 0 0 0 rg BT 331.60 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.74 389.25 Td (first ) Tj ET Q q 0 0 0 rg BT 361.67 389.25 Td (refusal ) Tj ET Q q 0 0 0 rg BT 391.69 389.25 Td (described ) Tj ET Q q 0 0 0 rg BT 432.82 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.41 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.44 389.25 Td (two ) Tj ET Q q 0 0 0 rg BT 476.26 389.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 518.50 389.25 Td (paragraphs, ) Tj ET Q q 0 0 0 rg BT 567.68 389.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (any ) Tj ET Q q 0 0 0 rg BT 52.24 377.25 Td (waiver ) Tj ET Q q 0 0 0 rg BT 81.24 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.37 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.50 377.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 131.08 377.25 Td (under ) Tj ET Q q 0 0 0 rg BT 155.65 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.66 377.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 220.50 377.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 266.72 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.96 377.25 Td (will ) Tj ET Q q 0 0 0 rg BT 300.32 377.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 342.10 377.25 Td (such ) Tj ET Q q 0 0 0 rg BT 362.23 377.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 407.90 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.14 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.15 377.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 479.95 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.08 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.09 377.25 Td (conflict ) Tj ET Q q 0 0 0 rg BT 536.43 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 546.56 377.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (is ) Tj ET Q q 0 0 0 rg BT 45.02 365.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 61.24 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 78.02 365.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 123.12 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.25 365.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 146.47 365.25 Td (At ) Tj ET Q q 0 0 0 rg BT 158.81 365.25 Td (least ) Tj ET Q q 0 0 0 rg BT 179.49 365.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 200.16 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.84 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.40 365.25 Td (members ) Tj ET Q q 0 0 0 rg BT 264.40 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.08 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.64 365.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 326.42 365.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 370.98 365.25 Td (may ) Tj ET Q q 0 0 0 rg BT 390.54 365.25 Td (not ) Tj ET Q q 0 0 0 rg BT 405.66 365.25 Td (be ) Tj ET Q q 0 0 0 rg BT 417.45 365.25 Td (of) Tj ET Q q 0 0 0 rg BT 425.60 365.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 450.15 365.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.83 365.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 505.94 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.61 365.25 Td (us ) Tj ET Q q 0 0 0 rg BT 527.85 365.25 Td (or ) Tj ET Q q 0 0 0 rg BT 538.53 365.25 Td (directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 353.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 68.12 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 78.21 353.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 122.73 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.82 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.91 353.25 Td (controlling ) Tj ET Q q 0 0 0 rg BT 193.55 353.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 241.95 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 252.04 353.25 Td (its ) Tj ET Q q 0 0 0 rg BT 263.25 353.25 Td (af) Tj ET Q q 0 0 0 rg BT 270.84 353.25 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 301.92 353.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 320.90 353.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 352.09 353.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 391.06 353.25 Td (by ) Tj ET Q q 0 0 0 rg BT 402.82 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.80 353.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 452.99 353.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 496.95 353.25 Td (will ) Tj ET Q q 0 0 0 rg BT 514.27 353.25 Td (be ) Tj ET Q q 0 0 0 rg BT 525.47 353.25 Td (conclusively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 69.59 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.87 341.25 Td (be ) Tj ET Q q 0 0 0 rg BT 91.81 341.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.19 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.13 341.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 170.38 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.66 341.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 194.55 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.49 341.25 Td (not ) Tj ET Q q 0 0 0 rg BT 226.77 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 233.71 341.25 Td (breach ) Tj ET Q q 0 0 0 rg BT 262.85 341.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.35 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.18 341.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 328.67 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.50 341.25 Td (any ) Tj ET Q q 0 0 0 rg BT 356.43 341.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 382.82 341.25 Td (any ) Tj ET Q q 0 0 0 rg BT 399.76 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.59 341.25 Td (them ) Tj ET Q q 0 0 0 rg BT 433.08 341.25 Td (may ) Tj ET Q q 0 0 0 rg BT 452.80 341.25 Td (owe ) Tj ET Q q 0 0 0 rg BT 471.96 341.25 Td (us ) Tj ET Q q 0 0 0 rg BT 483.35 341.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.18 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 510.01 341.25 Td (shareholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 317.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.19 317.25 Td (erm, ) Tj ET Q q 0 0 0 rg BT 98.30 317.25 Td (T) Tj ET Q q 0 0 0 rg BT 103.49 317.25 Td (ermination ) Tj ET Q q 0 0 0 rg BT 151.56 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.25 317.25 Td (Amendments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 293.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.31 293.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 141.90 293.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 189.08 293.25 Td (has ) Tj ET Q q 0 0 0 rg BT 205.18 293.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.38 293.25 Td (five ) Tj ET Q q 0 0 0 rg BT 230.69 293.25 Td (\(5\)year ) Tj ET Q q 0 0 0 rg BT 264.82 293.25 Td (term ) Tj ET Q q 0 0 0 rg BT 285.90 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.10 293.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 324.75 293.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 365.28 293.25 Td (with ) Tj ET Q q 0 0 0 rg BT 385.82 293.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 430.79 293.25 Td (ef) Tj ET Q q 0 0 0 rg BT 438.37 293.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 456.12 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 466.66 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.64 293.25 Td (event ) Tj ET Q q 0 0 0 rg BT 506.06 293.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 539.93 293.25 Td (ceases ) Tj ET Q q 0 0 0 rg BT 568.23 293.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 85.54 281.25 Td (own ) Tj ET Q q 0 0 0 rg BT 105.10 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 111.88 281.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 148.10 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.77 281.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.44 281.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 223.45 281.25 Td (common ) Tj ET Q q 0 0 0 rg BT 260.78 281.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 290.44 281.25 Td (The ) Tj ET Q q 0 0 0 rg BT 308.33 281.25 Td (Cooperation ) Tj ET Q q 0 0 0 rg BT 359.59 281.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 406.35 281.25 Td (may ) Tj ET Q q 0 0 0 rg BT 425.91 281.25 Td (be ) Tj ET Q q 0 0 0 rg BT 437.69 281.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 476.12 281.25 Td (or ) Tj ET Q q 0 0 0 rg BT 486.79 281.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 531.89 281.25 Td (at ) Tj ET Q q 0 0 0 rg BT 541.45 281.25 Td (any ) Tj ET Q q 0 0 0 rg BT 558.23 281.25 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 58.50 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.22 269.25 Td (written ) Tj ET Q q 0 0 0 rg BT 104.04 269.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 148.18 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.01 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.73 269.25 Td (parties.) 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rg BT 38.00 681.41 Td (Seadrill Management AS) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.10 680.06 Td (1.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 680.06 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 667.23 Td (Total receivables) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 481.10 666.07 Td (5.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.60 666.07 Td (242.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 647.23 Td (Payables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 647.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.00 647.07 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 633.41 Td (Seadrill Insurance Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.10 632.06 Td (3.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.75 632.06 Td (4.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 619.41 Td (Seadrill Management UK Ltd) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.10 618.06 Td (2.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 618.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 605.41 Td (Seadrill Management AS) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.30 604.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.10 604.06 Td (7.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 591.41 Td (Seadrill Deepwater Crewing Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.30 590.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.35 590.06 Td (11.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 577.41 Td (Seadrill Deepwater Units Pte Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.10 576.06 Td (6.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.00 576.06 Td (12.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 563.41 Td (Seadrill Eminence Ltd) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.30 562.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 562.06 Td (10) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 549.41 Td (Other Seadrill subsidiaries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.10 548.06 Td (0.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.10 548.06 Td (1.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 535.23 Td (Total payables) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.35 534.07 Td (13.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 555.35 534.07 Td (47.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 521.18 Td (Non-current shareholder loan from Seadrill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 521.07 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 521.07 Td (175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 507.23 Td (Non-current loan facility from Seadrill Eminence Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.30 507.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.50 507.07 Td (27.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 494.23 Td (Bond loan, subscribed in full by Seadrill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 494.07 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.50 494.07 Td (500.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 481.23 Td (Non-current related party loan from Ship Finance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 481.07 Td (195.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 481.06 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.00 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 121.77 454.00 Td (and ) Tj ET Q q 0 0 0 rg BT 137.67 454.00 Td (payables ) Tj ET Q q 0 0 0 rg BT 174.11 454.00 Td (with ) Tj ET Q q 0 0 0 rg BT 193.35 454.00 Td (related ) Tj ET Q q 0 0 0 rg BT 222.01 454.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 250.12 454.00 Td (arise ) Tj ET Q q 0 0 0 rg BT 270.46 454.00 Td (when ) Tj ET Q q 0 0 0 rg BT 293.58 454.00 Td (we ) Tj ET Q q 0 0 0 rg BT 306.70 454.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 322.60 454.00 Td (an ) Tj ET Q q 0 0 0 rg BT 333.49 454.00 Td (invoice ) Tj ET Q q 0 0 0 rg BT 364.39 454.00 Td (on ) Tj ET Q q 0 0 0 rg BT 375.84 454.00 Td (behalf ) Tj ET Q q 0 0 0 rg BT 402.29 454.00 Td (of ) Tj ET Q q 0 0 0 rg BT 412.08 454.00 Td (a ) Tj ET Q q 0 0 0 rg BT 417.98 454.00 Td (related ) Tj ET Q q 0 0 0 rg BT 446.64 454.00 Td (party ) Tj ET Q q 0 0 0 rg BT 468.64 454.00 Td (and ) Tj ET Q q 0 0 0 rg BT 484.54 454.00 Td (vice ) Tj ET Q q 0 0 0 rg BT 502.65 454.00 Td (versa. ) Tj ET Q q 0 0 0 rg BT 527.71 454.00 Td (Receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.00 Td (and ) Tj ET Q q 0 0 0 rg BT 52.01 442.00 Td (payables ) Tj ET Q q 0 0 0 rg BT 88.58 442.00 Td (are ) Tj ET Q q 0 0 0 rg BT 102.36 442.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 141.14 442.00 Td (settled ) Tj ET Q q 0 0 0 rg BT 168.82 442.00 Td (monthly ) Tj ET Q q 0 0 0 rg BT 203.73 442.00 Td (in ) Tj ET Q q 0 0 0 rg BT 213.08 442.00 Td (arrears. ) Tj ET Q q 0 0 0 rg BT 244.01 442.00 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 282.25 442.00 Td (due ) Tj ET Q q 0 0 0 rg BT 298.27 442.00 Td (to ) Tj ET Q q 0 0 0 rg BT 307.62 442.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 340.30 442.00 Td (and ) Tj ET Q q 0 0 0 rg BT 356.32 442.00 Td (its ) Tj ET Q q 0 0 0 rg BT 367.34 442.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 416.14 442.00 Td (under ) Tj ET Q q 0 0 0 rg BT 440.48 442.00 Td (business ) Tj ET Q q 0 0 0 rg BT 475.95 442.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 519.18 442.00 Td (are ) Tj ET Q q 0 0 0 rg BT 532.96 442.00 Td (unsecured, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.00 Td (interest-free ) Tj ET Q q 0 0 0 rg BT 86.55 430.00 Td (and ) Tj ET Q q 0 0 0 rg BT 103.25 430.00 Td (intended ) Tj ET Q q 0 0 0 rg BT 139.93 430.00 Td (to ) Tj ET Q q 0 0 0 rg BT 149.96 430.00 Td (be ) Tj ET Q q 0 0 0 rg BT 161.66 430.00 Td (settled ) Tj ET Q q 0 0 0 rg BT 190.01 430.00 Td (in ) Tj ET Q q 0 0 0 rg BT 200.05 430.00 Td (the ) Tj ET Q q 0 0 0 rg BT 214.52 430.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 250.65 430.00 Td (course ) Tj ET Q q 0 0 0 rg BT 279.00 430.00 Td (of ) Tj ET Q q 0 0 0 rg BT 289.58 430.00 Td (business. ) Tj ET Q q 0 0 0 rg BT 328.23 430.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 360.47 430.00 Td (char) Tj ET Q q 0 0 0 rg BT 377.49 430.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 394.18 430.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 426.98 430.00 Td (to ) Tj ET Q q 0 0 0 rg BT 437.01 430.00 Td (the ) Tj ET Q q 0 0 0 rg BT 451.48 430.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 473.73 430.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 493.20 430.00 Td (and ) Tj ET Q q 0 0 0 rg BT 509.90 430.00 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 558.80 430.00 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.00 Td (to ) Tj ET Q q 0 0 0 rg BT 46.14 418.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 79.61 418.00 Td (for ) Tj ET Q q 0 0 0 rg BT 93.63 418.00 Td (the ) Tj ET Q q 0 0 0 rg BT 108.21 418.00 Td (year ) Tj ET Q q 0 0 0 rg BT 127.78 418.00 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.36 418.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 215.80 418.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.80 418.00 Td ( ) Tj ET Q q 0 0 0 rg BT 238.17 418.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.97 418.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.97 418.00 Td ( ) Tj ET Q q 0 0 0 rg BT 277.33 418.00 Td (was ) Tj ET Q q 0 0 0 rg BT 295.24 418.00 Td ($44.7 ) Tj ET Q q 0 0 0 rg BT 320.10 418.00 Td (million ) Tj ET Q q 0 0 0 rg BT 351.36 418.00 Td (and ) Tj ET Q q 0 0 0 rg BT 368.16 418.00 Td ($43.5 ) Tj ET Q q 0 0 0 rg BT 393.02 418.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 426.78 418.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 474.44 418.00 Td (. ) Tj ET Q q 0 0 0 rg BT 479.30 418.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 511.65 418.00 Td (char) Tj ET Q q 0 0 0 rg BT 528.67 418.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 545.47 418.00 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.00 Td (to ) Tj ET Q q 0 0 0 rg BT 46.28 406.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.00 406.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 80.71 406.00 Td (from ) Tj ET Q q 0 0 0 rg BT 102.65 406.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 136.25 406.00 Td (Eminence ) Tj ET Q q 0 0 0 rg BT 178.73 406.00 Td (for ) Tj ET Q q 0 0 0 rg BT 192.89 406.00 Td (the ) Tj ET Q q 0 0 0 rg BT 207.61 406.00 Td (year ) Tj ET Q q 0 0 0 rg BT 227.32 406.00 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.04 406.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 315.62 406.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.62 406.00 Td ( ) Tj ET Q q 0 0 0 rg BT 338.12 406.00 Td (was ) Tj ET Q q 0 0 0 rg BT 356.17 406.00 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 376.17 406.00 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 382.00 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 382.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 382.00 Td (Inter) Tj ET Q q 0 0 0 rg BT 93.48 382.00 Td (ests of experts and counsel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 358.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 358.00 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 323.25 Td (ITEM 8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 323.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 323.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 146.12 323.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 196.76 323.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 299.25 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 299.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 299.25 Td (Consolidated Statements and Other) Tj ET Q q 0 0 0 rg BT 224.32 299.25 Td ( Financial Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 275.25 Td (See ) Tj ET Q q 0 0 0 rg BT 88.94 275.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 114.20 275.25 Td (18. ) Tj ET Q q 0 0 0 rg BT 129.20 275.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 168.91 275.25 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 251.25 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 72.75 251.25 Td (oceedings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 227.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 227.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.00 227.25 Td (are ) Tj ET Q q 0 0 0 rg BT 103.13 227.25 Td (routinely ) Tj ET Q q 0 0 0 rg BT 142.16 227.25 Td (party) Tj ET Q q 0 0 0 rg BT 162.06 227.25 Td (, ) Tj ET Q q 0 0 0 rg BT 167.48 227.25 Td (as ) Tj ET Q q 0 0 0 rg BT 178.74 227.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 207.44 227.25 Td (f ) Tj ET Q q 0 0 0 rg BT 213.69 227.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.95 227.25 Td (defendant, ) Tj ET Q q 0 0 0 rg BT 269.80 227.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.50 227.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 309.53 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.89 227.25 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 362.60 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.30 227.25 Td (various ) Tj ET Q q 0 0 0 rg BT 405.66 227.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 458.03 227.25 Td (for ) Tj ET Q q 0 0 0 rg BT 472.62 227.25 Td (demurrage, ) Tj ET Q q 0 0 0 rg BT 520.79 227.25 Td (damages, ) Tj ET Q q 0 0 0 rg BT 561.20 227.25 Td (of) Tj ET Q q 0 0 0 rg BT 569.35 227.25 Td (f-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 215.25 Td (hire ) Tj ET Q q 0 0 0 rg BT 54.07 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.02 215.25 Td (other ) Tj ET Q q 0 0 0 rg BT 94.09 215.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 122.71 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.67 215.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 189.39 215.25 Td (disputes ) Tj ET Q q 0 0 0 rg BT 224.69 215.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 254.42 215.25 Td (from ) Tj ET Q q 0 0 0 rg BT 276.38 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.12 215.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 331.40 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.25 215.25 Td (our ) Tj ET Q q 0 0 0 rg BT 358.10 215.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.06 215.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 414.53 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.83 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.56 215.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 475.96 215.25 Td (course ) Tj ET Q q 0 0 0 rg BT 504.58 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.43 215.25 Td (our ) Tj ET Q q 0 0 0 rg BT 531.28 215.25 Td (business ) Tj ET Q q 0 0 0 rg BT 567.69 215.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.15 203.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 92.39 203.25 Td (with ) Tj ET Q q 0 0 0 rg BT 112.54 203.25 Td (our ) Tj ET Q q 0 0 0 rg BT 128.25 203.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 174.50 203.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 215.30 203.25 Td (W) Tj ET Q q 0 0 0 rg BT 223.94 203.25 Td (e ) Tj ET Q q 0 0 0 rg BT 230.75 203.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 261.99 203.25 Td (that ) Tj ET Q q 0 0 0 rg BT 279.36 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.95 203.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 336.32 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.02 203.25 Td (such ) Tj ET Q q 0 0 0 rg BT 367.72 203.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 396.20 203.25 Td (will ) Tj ET Q q 0 0 0 rg BT 414.12 203.25 Td (not ) Tj ET Q q 0 0 0 rg BT 429.27 203.25 Td (have ) Tj ET Q q 0 0 0 rg BT 450.52 203.25 Td (a ) Tj ET Q q 0 0 0 rg BT 457.33 203.25 Td (material ) Tj ET Q q 0 0 0 rg BT 492.46 203.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 525.37 203.25 Td (ef) Tj ET Q q 0 0 0 rg BT 532.96 203.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 550.32 203.25 Td (on ) Tj ET Q q 0 0 0 rg BT 562.69 203.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 191.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 80.16 191.25 Td (or ) Tj ET Q q 0 0 0 rg BT 90.99 191.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.47 191.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 171.24 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.18 191.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 226.77 191.25 Td (has ) Tj ET Q q 0 0 0 rg BT 242.60 191.25 Td (no ) Tj ET Q q 0 0 0 rg BT 255.10 191.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 304.27 191.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 326.20 191.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 373.12 191.25 Td (which ) Tj ET Q q 0 0 0 rg BT 400.06 191.25 Td (we ) Tj ET Q q 0 0 0 rg BT 414.22 191.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 450.60 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.88 191.25 Td (be ) Tj ET Q q 0 0 0 rg BT 472.82 191.25 Td (material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 167.25 Td (On ) Tj ET Q q 0 0 0 rg BT 86.21 167.25 Td (April ) Tj ET Q q 0 0 0 rg BT 109.86 167.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 124.90 167.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 149.95 167.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.83 167.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 226.14 167.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 275.90 167.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 309.55 167.25 Td (Nor) Tj ET Q q 0 0 0 rg BT 324.92 167.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 336.91 167.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 371.67 167.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 387.00 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.98 167.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 437.63 167.25 Td (Nor) Tj ET Q q 0 0 0 rg BT 453.00 167.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 464.42 167.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 479.75 167.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 507.30 167.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.28 167.25 Td (writ ) Tj ET Q q 0 0 0 rg BT 532.93 167.25 Td (against ) Tj ET Q q 0 0 0 rg BT 563.80 167.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 155.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 82.60 155.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.98 155.25 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 143.71 155.25 Td (The ) Tj ET Q q 0 0 0 rg BT 161.42 155.25 Td (writ ) Tj ET Q q 0 0 0 rg BT 179.70 155.25 Td (challenges ) Tj ET Q q 0 0 0 rg BT 224.07 155.25 Td (their ) Tj ET Q q 0 0 0 rg BT 244.57 155.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.96 155.25 Td (re-assessment ) Tj ET Q q 0 0 0 rg BT 316.66 155.25 Td (related ) Tj ET Q q 0 0 0 rg BT 346.03 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.98 155.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.59 155.25 Td (change ) Tj ET Q q 0 0 0 rg BT 393.07 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.57 155.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 417.96 155.25 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 465.68 155.25 Td (for ) Tj ET Q q 0 0 0 rg BT 479.51 155.25 Td (some ) Tj ET Q q 0 0 0 rg BT 502.79 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.29 155.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.79 155.25 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.11 143.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 99.66 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.66 143.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 142.21 143.25 Td (gains. ) Tj ET Q q 0 0 0 rg BT 168.50 143.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 202.27 143.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 231.60 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.05 143.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 259.16 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.28 143.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 320.06 143.25 Td (us ) Tj ET Q q 0 0 0 rg BT 331.63 143.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.96 143.25 Td (all ) Tj ET Q q 0 0 0 rg BT 358.63 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.64 143.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.64 143.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 425.54 143.25 Td (related ) Tj ET Q q 0 0 0 rg BT 455.41 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.87 143.25 Td (this ) Tj ET Q q 0 0 0 rg BT 482.99 143.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 518.45 143.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 533.34 143.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 558.23 143.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 51.28 131.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 98.77 131.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.05 131.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 159.33 131.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.17 131.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 199.33 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.72 131.25 Td ($63 ) Tj ET Q q 0 0 0 rg BT 228.79 131.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 263.24 131.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 318.50 131.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 363.21 131.25 Td (an ) Tj ET Q q 0 0 0 rg BT 375.71 131.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 410.99 131.25 Td (for ) Tj ET Q q 0 0 0 rg BT 425.72 131.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 465.98 131.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.26 131.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 520.44 131.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.29 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 546.56 131.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 119.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 88.83 119.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.99 119.25 Td (which ) Tj ET Q q 0 0 0 rg BT 127.82 119.25 Td (we ) Tj ET Q q 0 0 0 rg BT 142.87 119.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 175.68 119.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.84 119.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 235.19 119.25 Td (with ) Tj ET Q q 0 0 0 rg BT 255.60 119.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 278.20 119.25 Td (T) Tj ET Q q 0 0 0 rg BT 283.61 119.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 304.21 119.25 Td (740 ) Tj ET Q q 0 0 0 rg BT 322.60 119.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 355.73 119.25 Td (T) Tj ET Q q 0 0 0 rg BT 361.14 119.25 Td (axes. ) Tj ET Q q 0 0 0 rg BT 384.79 119.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 412.61 119.25 Td (on ) Tj ET Q q 0 0 0 rg BT 426.00 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.60 119.25 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 479.71 119.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.53 119.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 503.13 119.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 537.63 119.25 Td (related ) Tj ET Q q 0 0 0 rg BT 568.22 119.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 107.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 75.72 107.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.46 107.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 129.09 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.94 107.25 Td ($142.0 ) Tj ET Q q 0 0 0 rg BT 169.96 107.25 Td (million ) Tj ET Q q 0 0 0 rg BT 201.37 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.33 107.25 Td ($63 ) Tj ET Q q 0 0 0 rg BT 235.85 107.25 Td (million ) Tj ET Q q 0 0 0 rg BT 267.26 107.25 Td (was ) Tj ET Q q 0 0 0 rg BT 285.33 107.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 322.82 107.25 Td (as ) Tj ET Q q 0 0 0 rg BT 333.67 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.52 107.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 403.12 107.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 425.64 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.60 107.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 501.20 107.25 Td (201) Tj ET Q q 0 0 0 rg BT 515.83 107.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 525.85 107.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 573.51 107.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 95.25 Td (On ) Tj ET Q q 0 0 0 rg BT 50.78 95.25 Td (June28, ) Tj ET Q q 0 0 0 rg BT 86.66 95.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 111.71 95.25 Td (we ) Tj ET Q q 0 0 0 rg BT 125.93 95.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 145.15 95.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.48 95.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 189.14 95.25 Td (all ) Tj ET Q q 0 0 0 rg BT 201.69 95.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.57 95.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.34 95.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 254.89 95.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.22 95.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 298.88 95.25 Td (Nor) Tj ET Q q 0 0 0 rg BT 314.25 95.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 326.24 95.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 361.01 95.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 376.34 95.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.34 95.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 426.99 95.25 Td (Nor) Tj ET Q q 0 0 0 rg BT 442.37 95.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 453.79 95.25 Td (AS. ) Tj ET Q q 0 0 0 rg BT 471.07 95.25 Td (As ) Tj ET Q q 0 0 0 rg BT 484.73 95.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 508.12 95.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.00 95.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 564.33 95.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 83.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 76.08 83.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 91.18 83.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 130.18 83.25 Td (was ) Tj ET Q q 0 0 0 rg BT 148.62 83.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 183.15 83.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.81 83.25 Td ($0 ) Tj ET Q q 0 0 0 rg BT 206.69 83.25 Td (million ) Tj ET Q q 0 0 0 rg BT 238.46 83.25 Td (at ) Tj ET Q q 0 0 0 rg BT 248.56 83.25 Td (December ) Tj ET Q q 0 0 0 rg BT 292.53 83.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 307.91 83.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 333.29 83.25 Td (See ) Tj ET Q q 0 0 0 rg BT 350.61 83.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 372.93 83.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 380.82 83.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.48 83.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.69 83.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 440.01 83.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 493.43 83.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 531.29 83.25 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 71.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 77.37 71.25 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 47.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 77.40 47.25 Td (Policy) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 99.09 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 114.52 749.10 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 156.88 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.31 749.10 Td (board ) Tj ET Q q 0 0 0 rg BT 197.18 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.61 749.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 244.69 749.10 Td (may ) Tj ET Q q 0 0 0 rg BT 264.01 749.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 294.97 749.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 314.84 749.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 355.82 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 366.25 749.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 418.35 749.10 Td (out ) Tj ET Q q 0 0 0 rg BT 433.23 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.66 749.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 477.96 749.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 513.94 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.47 749.10 Td (contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 67.19 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.93 737.10 Td (may ) Tj ET Q q 0 0 0 rg BT 103.45 737.10 Td (also ) Tj ET Q q 0 0 0 rg BT 121.86 737.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 138.60 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.35 737.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 168.19 737.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.27 737.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 225.56 737.10 Td (biannually ) Tj ET Q q 0 0 0 rg BT 270.08 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 280.71 737.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.01 737.10 Td (other ) Tj ET Q q 0 0 0 rg BT 315.86 737.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 341.21 737.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 359.06 737.10 Td (board ) Tj ET Q q 0 0 0 rg BT 384.13 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.77 737.10 Td (directors) Tj ET Q q 0 0 0 rg BT 432.34 737.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.64 737.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 473.60 737.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.57 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.65 737.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 528.81 737.10 Td (competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 65.69 725.10 Td (for ) Tj ET Q q 0 0 0 rg BT 79.27 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 94.52 725.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 149.05 725.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 168.20 725.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 209.00 725.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 244.79 725.10 Td (will ) Tj ET Q q 0 0 0 rg BT 262.26 725.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.62 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.32 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.46 725.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 315.49 725.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 356.84 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.09 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.23 725.10 Td (board ) Tj ET Q q 0 0 0 rg BT 405.92 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.17 725.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 453.07 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.43 725.10 Td (will ) Tj ET Q q 0 0 0 rg BT 486.91 725.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 517.71 725.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 539.63 725.10 Td (earnings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 82.68 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.71 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.29 713.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 127.76 713.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 178.05 713.10 Td (market ) Tj ET Q q 0 0 0 rg BT 208.06 713.10 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 250.58 713.10 Td (current ) Tj ET Q q 0 0 0 rg BT 281.15 713.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 310.05 713.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 359.50 713.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 399.52 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.21 713.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 462.34 713.10 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 519.87 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.33 713.10 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 46.71 701.10 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 85.75 701.10 Td (law ) Tj ET Q q 0 0 0 rg BT 102.58 701.10 Td (af) Tj ET Q q 0 0 0 rg BT 110.16 701.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 140.31 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.91 701.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 191.73 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.45 701.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 254.83 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.00 701.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 317.92 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.74 701.10 Td (other ) Tj ET Q q 0 0 0 rg BT 357.67 701.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 389.76 701.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 417.14 701.10 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 456.18 701.10 Td (law) Tj ET Q q 0 0 0 rg BT 469.97 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 474.85 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.45 701.10 Td (board ) Tj ET Q q 0 0 0 rg BT 514.61 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.32 701.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 562.69 701.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (no ) Tj ET Q q 0 0 0 rg BT 47.84 689.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 89.12 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.75 689.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 129.45 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.63 689.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 155.91 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.19 689.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 199.03 689.10 Td (if ) Tj ET Q q 0 0 0 rg BT 206.99 689.10 Td (there ) Tj ET Q q 0 0 0 rg BT 228.82 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.87 689.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 287.47 689.10 Td (grounds ) Tj ET Q q 0 0 0 rg BT 321.53 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 335.04 689.10 Td (believing ) Tj ET Q q 0 0 0 rg BT 374.10 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 390.94 689.10 Td (\(a\)the ) Tj ET Q q 0 0 0 rg BT 418.60 689.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 459.33 689.10 Td (is, ) Tj ET Q q 0 0 0 rg BT 470.34 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 480.52 689.10 Td (would ) Tj ET Q q 0 0 0 rg BT 507.36 689.10 Td (after ) Tj ET Q q 0 0 0 rg BT 527.52 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.58 689.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 50.89 677.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 80.50 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.23 677.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 108.63 677.10 Td (its ) Tj ET Q q 0 0 0 rg BT 121.03 677.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 161.20 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 172.48 677.10 Td (they ) Tj ET Q q 0 0 0 rg BT 192.66 677.10 Td (become ) Tj ET Q q 0 0 0 rg BT 226.70 677.10 Td (due; ) Tj ET Q q 0 0 0 rg BT 246.87 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.16 677.10 Td (\(b\)the ) Tj ET Q q 0 0 0 rg BT 287.49 677.10 Td (realizable ) Tj ET Q q 0 0 0 rg BT 329.30 677.10 Td (value ) Tj ET Q q 0 0 0 rg BT 353.91 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.19 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.37 677.10 Td (Company) Tj ET Q q 0 0 0 rg BT 422.03 677.10 Td (s ) Tj ET Q q 0 0 0 rg BT 428.88 677.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.16 677.10 Td (would ) Tj ET Q q 0 0 0 rg BT 483.11 677.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 516.05 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.45 677.10 Td (less ) Tj ET Q q 0 0 0 rg BT 546.40 677.10 Td (than ) Tj ET Q q 0 0 0 rg BT 566.57 677.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.68 641.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.31 641.10 Td (since ) Tj ET Q q 0 0 0 rg BT 143.21 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 157.22 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 171.79 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.58 641.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 211.49 641.10 Td (company ) Tj ET Q q 0 0 0 rg BT 250.50 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.63 641.10 Td (no ) Tj ET Q q 0 0 0 rg BT 282.98 641.10 Td (material ) Tj ET Q q 0 0 0 rg BT 318.09 641.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 343.78 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 366.68 641.10 Td (than ) Tj ET Q q 0 0 0 rg BT 386.25 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.82 641.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 428.16 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.85 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.53 641.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 504.10 641.10 Td (through ) Tj ET Q q 0 0 0 rg BT 537.56 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 564.35 641.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 70.16 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.99 629.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 132.64 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.47 629.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 176.52 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.80 629.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 203.74 629.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 245.13 629.10 Td (will ) Tj ET Q q 0 0 0 rg BT 263.18 629.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 294.56 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.06 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.89 629.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 372.69 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.19 629.10 Td (distributing ) Tj ET Q q 0 0 0 rg BT 423.81 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.09 629.10 Td (us ) Tj ET Q q 0 0 0 rg BT 445.48 629.10 Td (their ) Tj ET Q q 0 0 0 rg BT 466.30 629.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 502.68 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.62 629.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 539.89 629.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.29 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 108.38 605.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 127.81 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.23 605.10 Td (following ) Tj ET Q q 0 0 0 rg BT 183.33 605.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 224.43 605.10 Td (per ) Tj ET Q q 0 0 0 rg BT 239.41 605.10 Td (share ) Tj ET Q q 0 0 0 rg BT 262.72 605.10 Td (since ) Tj ET Q q 0 0 0 rg BT 285.48 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.02 605.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 340.45 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.44 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.87 605.10 Td (first ) Tj ET Q q 0 0 0 rg BT 383.19 605.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 413.71 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.26 605.10 Td (201) Tj ET Q q 0 0 0 rg BT 438.88 605.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 446.10 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.09 605.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 486.61 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.16 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.58 605.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 543.24 605.10 Td (set ) Tj ET Q q 0 0 0 rg BT 556.56 605.10 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 555.60 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 555.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 525.60 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 525.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 495.60 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 495.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 465.60 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 465.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 435.60 480.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 435.60 60.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 560.27 Td (Fourth quarter 2013*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 560.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 560.27 Td (0.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 545.27 Td (Third quarter 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 545.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 530.27 Td (Second quarter 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 530.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 515.27 Td (First quarter 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 515.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 500.27 Td (Fourth quarter 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 500.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 485.27 Td (Third quarter 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 485.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 485.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 470.27 Td (Second quarter 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 470.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 455.27 Td (First quarter 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 455.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 455.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 440.27 Td (Fourth quarter 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 440.27 Td (0.225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 425.27 Td (Third quarter 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 425.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 425.27 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 410.27 Td (Second quarter 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 410.27 Td (0.175) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 394.10 Td (____________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 346.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.71 346.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 117.43 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.37 346.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 143.97 346.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 185.02 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.85 346.10 Td (also ) Tj ET Q q 0 0 0 rg BT 212.12 346.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 242.61 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.55 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.04 346.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 295.75 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.69 346.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 333.96 346.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 371.11 346.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 413.25 346.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 454.29 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.23 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 479.72 346.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 519.65 346.10 Td (arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (See ) Tj ET Q q 0 0 0 rg BT 52.94 334.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 78.20 334.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 88.20 334.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 130.69 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.63 334.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 187.34 334.10 Td (Review ) Tj ET Q q 0 0 0 rg BT 220.38 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.32 334.10 Td (Prospects-Liquidity ) Tj ET Q q 0 0 0 rg BT 318.71 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.64 334.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 367.03 334.10 Td (Resources-Credit ) Tj ET Q q 0 0 0 rg BT 438.95 334.10 Td (Facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 310.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 310.10 Td (Significant Changes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 286.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 100.05 286.10 Td (see ) Tj ET Q q 0 0 0 rg BT 115.32 286.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 137.25 286.10 Td (29 ) Tj ET Q q 0 0 0 rg BT 149.75 286.10 Td (- ) Tj ET Q q 0 0 0 rg BT 155.58 286.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 204.19 286.10 Td (Events ) Tj ET Q q 0 0 0 rg BT 233.91 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.19 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.02 286.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 315.29 286.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 355.00 286.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 401.38 286.10 Td (included ) Tj ET Q q 0 0 0 rg BT 438.32 286.10 Td (herein) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 251.25 Td (ITEM 9.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.67 251.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 251.25 Td (OFFER ) Tj ET Q q 0 0 0 rg BT 125.83 251.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 149.82 251.25 Td (THE LISTING) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 203.25 Td (A4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.72 203.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 203.25 Td (Offer) Tj ET Q q 0 0 0 rg BT 95.13 203.25 Td ( and Listing Details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 179.25 Td (Our common shares have traded on the Norwegian OTC List since February 24, 201) Tj ET Q q 0 0 0 rg BT 408.88 179.25 Td (1 and on the New ) Tj ET Q q 0 0 0 rg BT 481.54 179.25 Td (Y) Tj ET Q q 0 0 0 rg BT 487.76 179.25 Td (ork Stock Exchange, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 167.25 Td (or NYSE, since January 29, 2014, under the symbol NADL. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 143.25 Td (The following tables set forth the high and low prices for our common shares as reported on the Norwegian OTC List for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 131.25 Td (periods listed below) Tj ET Q q 0 0 0 rg BT 115.89 131.25 Td (. Share prices are presented in U.S. dollars per common share based on the Bloomber) Tj ET Q q 0 0 0 rg BT 457.00 131.25 Td (g Composite Rate on each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 119.25 Td (day of measurement. On March 31, 2014, the exchange rate between the Norwegian Kroner and the US. dollar was NOK5.99 to one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 107.25 Td (US. Dollar based on the Bloomber) Tj ET Q q 0 0 0 rg BT 174.13 107.25 Td (g Composite Rate in ef) Tj ET Q q 0 0 0 rg BT 266.16 107.25 Td (fect on that date. ) Tj ET Q q 0 0 0 rg BT 335.11 107.25 Td (The number of common shares are for all prior periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 95.25 Td (adjusted to reflect the consolidation of our common shares through a one-for) Tj ET Q q 0 0 0 rg BT 342.66 95.25 Td (-five reverse stock split, which our board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 83.25 Td (made ef) Tj ET Q q 0 0 0 rg BT 67.74 83.25 Td (fective as of November19, 2012. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (57) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 707.50 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 707.50 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 707.50 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 707.50 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 707.50 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 707.50 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 707.50 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 707.50 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 680.50 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 680.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 680.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 680.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 680.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 680.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 680.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 680.50 47.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 742.5 m 419.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 742.5 m 424.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 742.5 m 471.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 742.5 m 523.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 742.5 m 528.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 742.5 m 575.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 742.5 m 419.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 742.5 m 471.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 742.5 m 523.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 742.5 m 575.5 742.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 746.76 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 746.23 Td (NYSE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 746.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 746.23 Td (Norwegian OTC List) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 724.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.95 733.90 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.00 724.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.00 724.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.95 733.90 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.00 724.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 724.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.95 733.90 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 724.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 724.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.95 733.90 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 724.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 38 710.496337890625 m 137.83056640625 710.496337890625 l s q 0 0 0 rg BT 38.00 711.90 Td (For the Fiscal Year Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 711.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 711.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 711.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 697.96 Td (December 31, 2011*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 697.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 697.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 697.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 697.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 697.96 Td (9.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 697.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 697.96 Td (6.85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 684.76 Td (December 31, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 684.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 684.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 684.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 684.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 684.76 Td (10.75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 684.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 684.76 Td (7.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 671.76 Td (December 31, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 671.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 671.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 671.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 671.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 671.76 Td (10.72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 671.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 671.76 Td (8.24) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 644.00 Td (* ) Tj ET Q q 0 0 0 rg BT 71.00 644.00 Td (The ) Tj ET Q q 0 0 0 rg BT 89.24 644.00 Td (high ) Tj ET Q q 0 0 0 rg BT 109.70 644.00 Td (and ) Tj ET Q q 0 0 0 rg BT 126.83 644.00 Td (low ) Tj ET Q q 0 0 0 rg BT 144.52 644.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 171.09 644.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 212.09 644.00 Td (for ) Tj ET Q q 0 0 0 rg BT 226.44 644.00 Td (the ) Tj ET Q q 0 0 0 rg BT 241.35 644.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 265.69 644.00 Td (year ) Tj ET Q q 0 0 0 rg BT 285.59 644.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 312.16 644.00 Td (December ) Tj ET Q q 0 0 0 rg BT 355.93 644.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 371.12 644.00 Td (201) Tj ET Q q 0 0 0 rg BT 385.75 644.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 393.44 644.00 Td (are ) Tj ET Q q 0 0 0 rg BT 408.33 644.00 Td (during ) Tj ET Q q 0 0 0 rg BT 437.13 644.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.04 644.00 Td (period ) Tj ET Q q 0 0 0 rg BT 480.27 644.00 Td (from ) Tj ET Q q 0 0 0 rg BT 502.40 644.00 Td (February ) Tj ET Q q 0 0 0 rg BT 541.19 644.00 Td (24, ) Tj ET Q q 0 0 0 rg BT 556.38 644.00 Td (201) Tj ET Q q 0 0 0 rg BT 571.01 644.00 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 632.00 Td (through ) Tj ET Q q 0 0 0 rg BT 104.61 632.00 Td (and ) Tj ET Q q 0 0 0 rg BT 121.55 632.00 Td (including ) Tj ET Q q 0 0 0 rg BT 161.82 632.00 Td (December ) Tj ET Q q 0 0 0 rg BT 205.40 632.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 220.40 632.00 Td (201) Tj ET Q q 0 0 0 rg BT 235.03 632.00 Td (1.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 561.50 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 561.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 561.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 561.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 561.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 561.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 561.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 561.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 535.50 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 535.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 535.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 535.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 535.50 5.00 -13.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 528.50 457.50 47.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 596.5 m 419.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 596.5 m 424.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 596.5 m 471.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 596.5 m 523.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 596.5 m 528.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 596.5 m 575.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 596.5 m 419.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 596.5 m 471.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 596.5 m 523.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 596.5 m 575.5 596.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 600.23 Td (NYSE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 600.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 600.23 Td (Norwegian OTC List) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 578.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.95 587.90 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.00 578.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.00 578.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.95 587.90 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.00 578.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 578.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.95 587.90 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 578.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 578.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.95 587.90 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 578.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 38 564.496337890625 m 126.91455078125 564.496337890625 l s q 0 0 0 rg BT 38.00 565.90 Td (For the Quarter Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 565.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 565.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 565.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 552.76 Td (March 31, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 552.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 552.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 552.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 552.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 552.76 Td (10.75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 552.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 552.76 Td (7.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 539.76 Td (June 30, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 539.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 539.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 539.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 539.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 539.76 Td (9.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 539.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 539.76 Td (7.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 526.76 Td (September 30, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 526.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 526.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 526.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 526.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 526.76 Td (9.75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 526.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 526.76 Td (7.80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 513.76 Td (December 31, 2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 513.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 513.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 513.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 513.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 513.76 Td (10.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 513.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 513.76 Td (9.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 500.76 Td (March 31, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 500.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 500.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 500.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 500.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 500.76 Td (10.72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 500.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 500.76 Td (9.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 487.76 Td (June 30, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 487.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 487.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 487.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 487.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 487.76 Td (9.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 487.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 487.76 Td (8.29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 474.76 Td (September 30, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 474.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 474.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 474.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 474.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.75 474.76 Td (10.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 474.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 474.76 Td (8.24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 461.76 Td (December 31, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 461.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 461.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 461.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 461.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 461.76 Td (9.84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 461.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.75 461.76 Td (9.180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 448.76 Td (March 31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 448.76 Td (9.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 448.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 448.76 Td (8.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 448.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 448.76 Td (9.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 448.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 448.76 Td (8.33) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 433.00 Td (** ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 362.50 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 362.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 362.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 362.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 362.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 362.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 362.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 362.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 336.50 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 336.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 336.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 336.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 336.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 336.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 336.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 336.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 310.50 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 310.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 310.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 310.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 310.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 310.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 310.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 310.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 284.50 337.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 284.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 284.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 284.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 284.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 284.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 284.50 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 284.50 47.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 397.5 m 419.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 397.5 m 424.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 397.5 m 471.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 397.5 m 523.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 397.5 m 528.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 397.5 m 575.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 397.5 m 419.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 397.5 m 471.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 397.5 m 523.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 397.5 m 575.5 397.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 401.23 Td (NYSE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 401.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 401.23 Td (Norwegian OTC List) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 379.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.95 388.90 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.00 379.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.00 379.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.95 388.90 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.00 379.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 379.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.95 388.90 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 379.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 379.95 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.95 388.90 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 379.90 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 38 365.496337890625 m 94.3291015625 365.496337890625 l s q 0 0 0 rg BT 38.00 366.90 Td (For the Month) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 366.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 366.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 366.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 353.76 Td (September 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 353.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 353.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 353.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 353.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 353.76 Td (9.78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 353.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 353.76 Td (9.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 340.76 Td (October 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 340.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 340.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 340.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 340.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 340.76 Td (9.80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 340.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 340.76 Td (9.32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 327.76 Td (November 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 327.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 327.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 327.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 327.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 327.76 Td (9.84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 327.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 327.76 Td (9.44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 314.76 Td (December 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 314.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 314.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 314.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 314.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 314.76 Td (9.74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 314.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 314.76 Td (9.18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 301.76 Td (January 2014***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 301.76 Td (9.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 301.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 301.76 Td (8.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 301.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 301.76 Td (9.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 301.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 301.76 Td (8.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 288.76 Td (February 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 288.76 Td (9.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 288.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 288.76 Td (8.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 288.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 288.76 Td (8.74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 288.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 288.76 Td (8.33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 275.76 Td (March 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 275.76 Td (9.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 275.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 275.76 Td (8.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 275.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.25 275.76 Td (8.90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.00 275.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.25 275.76 Td (8.51) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 248.00 Td (*** ) Tj ET Q q 0 0 0 rg BT 71.00 248.00 Td (The ) Tj ET Q q 0 0 0 rg BT 88.64 248.00 Td (high ) Tj ET Q q 0 0 0 rg BT 108.50 248.00 Td (and ) Tj ET Q q 0 0 0 rg BT 125.03 248.00 Td (low ) Tj ET Q q 0 0 0 rg BT 142.12 248.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 168.08 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 178.50 248.00 Td (our ) Tj ET Q q 0 0 0 rg BT 193.92 248.00 Td (common ) Tj ET Q q 0 0 0 rg BT 231.01 248.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 258.09 248.00 Td (on ) Tj ET Q q 0 0 0 rg BT 270.17 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.48 248.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 312.68 248.00 Td (are ) Tj ET Q q 0 0 0 rg BT 326.98 248.00 Td (during ) Tj ET Q q 0 0 0 rg BT 355.18 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 369.48 248.00 Td (period ) Tj ET Q q 0 0 0 rg BT 397.12 248.00 Td (from ) Tj ET Q q 0 0 0 rg BT 418.64 248.00 Td (January ) Tj ET Q q 0 0 0 rg BT 451.83 248.00 Td (29, ) Tj ET Q q 0 0 0 rg BT 466.42 248.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 488.51 248.00 Td (through ) Tj ET Q q 0 0 0 rg BT 521.71 248.00 Td (and ) Tj ET Q q 0 0 0 rg BT 538.23 248.00 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 236.00 Td (January ) Tj ET Q q 0 0 0 rg BT 104.60 236.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 119.60 236.00 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 212.00 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 212.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 212.00 Td (Plan of Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 188.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 188.00 Td (applicable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 164.00 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 164.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 164.00 Td (Markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 140.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.26 140.00 Td (common ) Tj ET Q q 0 0 0 rg BT 127.97 140.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 155.67 140.00 Td (have ) Tj ET Q q 0 0 0 rg BT 177.26 140.00 Td (traded ) Tj ET Q q 0 0 0 rg BT 204.96 140.00 Td (on ) Tj ET Q q 0 0 0 rg BT 217.67 140.00 Td (the ) Tj ET Q q 0 0 0 rg BT 232.60 140.00 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 279.74 140.00 Td (OTC ) Tj ET Q q 0 0 0 rg BT 302.46 140.00 Td (List ) Tj ET Q q 0 0 0 rg BT 320.73 140.00 Td (since ) Tj ET Q q 0 0 0 rg BT 343.98 140.00 Td (February ) Tj ET Q q 0 0 0 rg BT 382.80 140.00 Td (24, ) Tj ET Q q 0 0 0 rg BT 398.01 140.00 Td (201) Tj ET Q q 0 0 0 rg BT 412.64 140.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 420.35 140.00 Td (and ) Tj ET Q q 0 0 0 rg BT 437.50 140.00 Td (on ) Tj ET Q q 0 0 0 rg BT 450.21 140.00 Td (the ) Tj ET Q q 0 0 0 rg BT 465.14 140.00 Td (New ) Tj ET Q q 0 0 0 rg BT 486.33 140.00 Td (Y) Tj ET Q q 0 0 0 rg BT 492.55 140.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 508.60 140.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 534.09 140.00 Td (Exchange, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 128.00 Td (or ) Tj ET Q q 0 0 0 rg BT 46.83 128.00 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 77.94 128.00 Td (since ) Tj ET Q q 0 0 0 rg BT 100.99 128.00 Td (January ) Tj ET Q q 0 0 0 rg BT 134.59 128.00 Td (29, ) Tj ET Q q 0 0 0 rg BT 149.59 128.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 174.59 128.00 Td (under ) Tj ET Q q 0 0 0 rg BT 199.86 128.00 Td (the ) Tj ET Q q 0 0 0 rg BT 214.57 128.00 Td (symbol ) Tj ET Q q 0 0 0 rg BT 246.52 128.00 Td (NADL.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 104.00 Td (D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 104.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 104.00 Td (Selling Shar) Tj ET Q q 0 0 0 rg BT 123.78 104.00 Td (eholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 80.00 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 80.00 Td (applicable.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 749.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 749.25 Td (Dilution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 725.25 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (F) Tj ET Q q 0 0 0 rg BT 41.19 701.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.69 701.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 701.25 Td (Expenses of the Issue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 677.25 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 642.25 Td (ITEM 10.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 642.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 642.25 Td (ADDITIONAL) Tj ET Q q 0 0 0 rg BT 154.46 642.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 205.10 642.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 618.25 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 618.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 618.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 92.38 618.25 Td (e capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 594.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 594.25 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 570.25 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 570.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 570.25 Td (Memorandum and ) Tj ET Q q 0 0 0 rg BT 154.23 570.25 Td (Articles of ) Tj ET Q q 0 0 0 rg BT 200.33 570.25 Td (Association.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 546.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.26 546.25 Td (Memorandum ) Tj ET Q q 0 0 0 rg BT 149.62 546.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.06 546.25 Td (Association ) Tj ET Q q 0 0 0 rg BT 209.98 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.52 546.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 268.11 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.25 546.25 Td (Restated ) Tj ET Q q 0 0 0 rg BT 322.39 546.25 Td (Bye-Laws ) Tj ET Q q 0 0 0 rg BT 366.19 546.25 Td (have ) Tj ET Q q 0 0 0 rg BT 387.77 546.25 Td (been ) Tj ET Q q 0 0 0 rg BT 409.36 546.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 430.39 546.25 Td (as ) Tj ET Q q 0 0 0 rg BT 441.42 546.25 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 475.79 546.25 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 491.00 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.14 546.25 Td (3.3, ) Tj ET Q q 0 0 0 rg BT 525.84 546.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 573.51 546.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 534.25 Td (to ) Tj ET Q q 0 0 0 rg BT 46.68 534.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.80 534.25 Td (Registration ) Tj ET Q q 0 0 0 rg BT 113.59 534.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 156.48 534.25 Td (on ) Tj ET Q q 0 0 0 rg BT 169.38 534.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 193.95 534.25 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 210.75 534.25 Td (\(Registration ) Tj ET Q q 0 0 0 rg BT 265.86 534.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 283.49 534.25 Td (333-185394\), ) Tj ET Q q 0 0 0 rg BT 340.55 534.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 377.32 534.25 Td (ef) Tj ET Q q 0 0 0 rg BT 384.90 534.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 415.01 534.25 Td (by ) Tj ET Q q 0 0 0 rg BT 427.91 534.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.03 534.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 464.27 534.25 Td (on ) Tj ET Q q 0 0 0 rg BT 477.18 534.25 Td (January ) Tj ET Q q 0 0 0 rg BT 511.18 534.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 526.58 534.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 551.98 534.25 Td (and ) Tj ET Q q 0 0 0 rg BT 569.33 534.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 522.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 65.75 522.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 118.83 522.25 Td (by ) Tj ET Q q 0 0 0 rg BT 131.37 522.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 171.09 522.25 Td (into ) Tj ET Q q 0 0 0 rg BT 189.19 522.25 Td (this ) Tj ET Q q 0 0 0 rg BT 206.18 522.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 235.38 522.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 264.30 522.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.85 522.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 317.15 522.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 358.01 522.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.77 522.25 Td (rights, ) Tj ET Q q 0 0 0 rg BT 400.59 522.25 Td (preferences ) Tj ET Q q 0 0 0 rg BT 449.21 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.19 522.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 513.17 522.25 Td (attaching ) Tj ET Q q 0 0 0 rg BT 552.36 522.25 Td (to ) Tj ET Q q 0 0 0 rg BT 562.68 522.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 510.25 Td (common ) Tj ET Q q 0 0 0 rg BT 72.76 510.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 99.51 510.25 Td (is ) Tj ET Q q 0 0 0 rg BT 107.94 510.25 Td (described ) Tj ET Q q 0 0 0 rg BT 148.01 510.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.55 510.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.53 510.25 Td (section ) Tj ET Q q 0 0 0 rg BT 201.61 510.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 233.36 510.25 Td (Description ) Tj ET Q q 0 0 0 rg BT 286.22 510.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.31 510.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 326.95 510.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 355.93 510.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.47 510.25 Td (our ) Tj ET Q q 0 0 0 rg BT 380.56 510.25 Td (Registration ) Tj ET Q q 0 0 0 rg BT 431.20 510.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 472.95 510.25 Td (on ) Tj ET Q q 0 0 0 rg BT 484.71 510.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 508.14 510.25 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 523.79 510.25 Td (\(Registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 498.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 53.53 498.25 Td (333-185394\), ) Tj ET Q q 0 0 0 rg BT 110.50 498.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 147.17 498.25 Td (ef) Tj ET Q q 0 0 0 rg BT 154.76 498.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 184.77 498.25 Td (by ) Tj ET Q q 0 0 0 rg BT 197.58 498.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.61 498.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 233.76 498.25 Td (on ) Tj ET Q q 0 0 0 rg BT 246.57 498.25 Td (January ) Tj ET Q q 0 0 0 rg BT 280.48 498.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 295.79 498.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 321.10 498.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.35 498.25 Td (is ) Tj ET Q q 0 0 0 rg BT 347.83 498.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 401.17 498.25 Td (by ) Tj ET Q q 0 0 0 rg BT 413.98 498.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 453.97 498.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 484.27 498.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 522.63 498.25 Td (that ) Tj ET Q q 0 0 0 rg BT 540.43 498.25 Td (since ) Tj ET Q q 0 0 0 rg BT 563.79 498.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 486.25 Td (date ) Tj ET Q q 0 0 0 rg BT 54.75 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 65.17 486.25 Td (such ) Tj ET Q q 0 0 0 rg BT 85.60 486.25 Td (Registration ) Tj ET Q q 0 0 0 rg BT 136.57 486.25 Td (Statement, ) Tj ET Q q 0 0 0 rg BT 181.16 486.25 Td (our ) Tj ET Q q 0 0 0 rg BT 196.58 486.25 Td (total ) Tj ET Q q 0 0 0 rg BT 216.45 486.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 243.54 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.07 486.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 308.83 486.25 Td (common ) Tj ET Q q 0 0 0 rg BT 345.92 486.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 373.00 486.25 Td (has ) Tj ET Q q 0 0 0 rg BT 388.43 486.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 428.28 486.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.15 486.25 Td (243,516,514 ) Tj ET Q q 0 0 0 rg BT 490.24 486.25 Td (as ) Tj ET Q q 0 0 0 rg BT 500.67 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.09 486.25 Td (March ) Tj ET Q q 0 0 0 rg BT 539.28 486.25 Td (1) Tj ET Q q 0 0 0 rg BT 543.91 486.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 553.50 486.25 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 462.25 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 462.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 462.25 Td (Material contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 438.25 Td (Attached ) Tj ET Q q 0 0 0 rg BT 110.66 438.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.55 438.25 Td (exihibits ) Tj ET Q q 0 0 0 rg BT 158.55 438.25 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 173.62 438.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.96 438.25 Td (4.6 ) Tj ET Q q 0 0 0 rg BT 199.02 438.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.36 438.25 Td (this ) Tj ET Q q 0 0 0 rg BT 226.37 438.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 255.59 438.25 Td (report ) Tj ET Q q 0 0 0 rg BT 282.03 438.25 Td (are ) Tj ET Q q 0 0 0 rg BT 296.80 438.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.58 438.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 350.23 438.25 Td (we ) Tj ET Q q 0 0 0 rg BT 364.46 438.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 400.90 438.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.24 438.25 Td (be ) Tj ET Q q 0 0 0 rg BT 423.24 438.25 Td (both ) Tj ET Q q 0 0 0 rg BT 443.58 438.25 Td (material ) Tj ET Q q 0 0 0 rg BT 478.90 438.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.90 438.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 527.35 438.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.13 438.25 Td (ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 426.25 Td (course ) Tj ET Q q 0 0 0 rg BT 64.53 426.25 Td (of ) Tj ET Q q 0 0 0 rg BT 75.28 426.25 Td (business ) Tj ET Q q 0 0 0 rg BT 111.60 426.25 Td (during ) Tj ET Q q 0 0 0 rg BT 140.14 426.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.78 426.25 Td (two-year ) Tj ET Q q 0 0 0 rg BT 192.74 426.25 Td (period ) Tj ET Q q 0 0 0 rg BT 220.72 426.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 273.13 426.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 314.98 426.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.62 426.25 Td (date ) Tj ET Q q 0 0 0 rg BT 348.71 426.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.46 426.25 Td (this ) Tj ET Q q 0 0 0 rg BT 376.34 426.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 405.42 426.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 434.22 426.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.47 426.25 Td (W) Tj ET Q q 0 0 0 rg BT 445.11 426.25 Td (e ) Tj ET Q q 0 0 0 rg BT 451.98 426.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 473.27 426.25 Td (you ) Tj ET Q q 0 0 0 rg BT 490.70 426.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.90 426.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 526.09 426.25 Td (5. ) Tj ET Q q 0 0 0 rg BT 536.02 426.25 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 414.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.63 414.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.04 414.25 Td (Review ) Tj ET Q q 0 0 0 rg BT 124.79 414.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.42 414.25 Td (Prospects-B. ) Tj ET Q q 0 0 0 rg BT 194.45 414.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 233.87 414.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.50 414.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 281.58 414.25 Td (Resources-Credit ) Tj ET Q q 0 0 0 rg BT 353.20 414.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 396.49 414.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.13 414.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 438.09 414.25 Td (7. ) Tj ET Q q 0 0 0 rg BT 447.78 414.25 Td (Major ) Tj ET Q q 0 0 0 rg BT 474.42 414.25 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 528.82 414.25 Td (and ) Tj ET Q q 0 0 0 rg BT 545.46 414.25 Td (Related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 402.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 59.43 402.25 Td (T) Tj ET Q q 0 0 0 rg BT 65.18 402.25 Td (ransactions-B. ) Tj ET Q q 0 0 0 rg BT 125.17 402.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 158.21 402.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 181.64 402.25 Td (T) Tj ET Q q 0 0 0 rg BT 187.40 402.25 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 239.32 402.25 Td (for ) Tj ET Q q 0 0 0 rg BT 253.48 402.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.42 402.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 304.59 402.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.42 402.25 Td (these ) Tj ET Q q 0 0 0 rg BT 338.47 402.25 Td (agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 378.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 96.41 378.25 Td (than ) Tj ET Q q 0 0 0 rg BT 115.27 378.25 Td (as ) Tj ET Q q 0 0 0 rg BT 125.24 378.25 Td (set ) Tj ET Q q 0 0 0 rg BT 137.99 378.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 159.07 378.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 187.09 378.25 Td (there ) Tj ET Q q 0 0 0 rg BT 208.72 378.25 Td (were ) Tj ET Q q 0 0 0 rg BT 229.79 378.25 Td (no ) Tj ET Q q 0 0 0 rg BT 241.43 378.25 Td (material ) Tj ET Q q 0 0 0 rg BT 275.83 378.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 316.07 378.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.26 378.25 Td (than ) Tj ET Q q 0 0 0 rg BT 357.12 378.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 394.85 378.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 425.92 378.25 Td (into ) Tj ET Q q 0 0 0 rg BT 443.12 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.54 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.40 378.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 501.92 378.25 Td (course ) Tj ET Q q 0 0 0 rg BT 529.66 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.63 378.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 354.25 Td (D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.72 354.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 354.25 Td (Exchange contr) Tj ET Q q 0 0 0 rg BT 138.76 354.25 Td (ols.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 330.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.78 330.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 128.67 330.25 Td (Monetary ) Tj ET Q q 0 0 0 rg BT 169.29 330.25 Td (Authority) Tj ET Q q 0 0 0 rg BT 207.53 330.25 Td (, ) Tj ET Q q 0 0 0 rg BT 212.27 330.25 Td (or ) Tj ET Q q 0 0 0 rg BT 222.83 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.29 330.25 Td (BMA, ) Tj ET Q q 0 0 0 rg BT 264.81 330.25 Td (must ) Tj ET Q q 0 0 0 rg BT 286.49 330.25 Td (give ) Tj ET Q q 0 0 0 rg BT 305.94 330.25 Td (permission ) Tj ET Q q 0 0 0 rg BT 352.07 330.25 Td (for ) Tj ET Q q 0 0 0 rg BT 365.96 330.25 Td (all ) Tj ET Q q 0 0 0 rg BT 378.20 330.25 Td (issuances ) Tj ET Q q 0 0 0 rg BT 418.20 330.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.88 330.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 471.54 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.11 330.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 522.11 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.67 330.25 Td (a ) Tj ET Q q 0 0 0 rg BT 539.35 330.25 Td (Bermuda ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 318.25 Td (exempted ) Tj ET Q q 0 0 0 rg BT 77.19 318.25 Td (company ) Tj ET Q q 0 0 0 rg BT 116.16 318.25 Td (like ) Tj ET Q q 0 0 0 rg BT 133.47 318.25 Td (ours, ) Tj ET Q q 0 0 0 rg BT 155.50 318.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 182.82 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.35 318.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 236.32 318.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 282.51 318.25 Td (is ) Tj ET Q q 0 0 0 rg BT 291.49 318.25 Td (exempted ) Tj ET Q q 0 0 0 rg BT 332.68 318.25 Td (by ) Tj ET Q q 0 0 0 rg BT 344.99 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.53 318.25 Td (BMA) Tj ET Q q 0 0 0 rg BT 381.20 318.25 Td () Tj ET Q q 0 0 0 rg BT 383.98 318.25 Td (s ) Tj ET Q q 0 0 0 rg BT 390.18 318.25 Td (written ) Tj ET Q q 0 0 0 rg BT 420.82 318.25 Td (general ) Tj ET Q q 0 0 0 rg BT 452.56 318.25 Td (permissions. ) Tj ET Q q 0 0 0 rg BT 504.99 318.25 Td (W) Tj ET Q q 0 0 0 rg BT 513.63 318.25 Td (e ) Tj ET Q q 0 0 0 rg BT 520.38 318.25 Td (have ) Tj ET Q q 0 0 0 rg BT 541.57 318.25 Td (obtained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 306.25 Td (general ) Tj ET Q q 0 0 0 rg BT 67.68 306.25 Td (permission ) Tj ET Q q 0 0 0 rg BT 113.82 306.25 Td (from ) Tj ET Q q 0 0 0 rg BT 135.51 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.98 306.25 Td (BMA) Tj ET Q q 0 0 0 rg BT 172.21 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.46 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.50 306.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 206.75 306.25 Td (any ) Tj ET Q q 0 0 0 rg BT 223.44 306.25 Td (unissued ) Tj ET Q q 0 0 0 rg BT 260.69 306.25 Td (common ) Tj ET Q q 0 0 0 rg BT 297.94 306.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 325.19 306.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.88 306.25 Td (for ) Tj ET Q q 0 0 0 rg BT 355.79 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.26 306.25 Td (free ) Tj ET Q q 0 0 0 rg BT 388.05 306.25 Td (transferability ) Tj ET Q q 0 0 0 rg BT 446.40 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.98 306.25 Td (our ) Tj ET Q q 0 0 0 rg BT 472.56 306.25 Td (common ) Tj ET Q q 0 0 0 rg BT 509.81 306.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 537.05 306.25 Td (as ) Tj ET Q q 0 0 0 rg BT 547.64 306.25 Td (long ) Tj ET Q q 0 0 0 rg BT 567.67 306.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 294.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.94 294.25 Td (common ) Tj ET Q q 0 0 0 rg BT 89.55 294.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 117.15 294.25 Td (are ) Tj ET Q q 0 0 0 rg BT 131.97 294.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 156.24 294.25 Td (on ) Tj ET Q q 0 0 0 rg BT 168.86 294.25 Td (an ) Tj ET Q q 0 0 0 rg BT 180.91 294.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 227.39 294.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 251.11 294.25 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 298.22 294.25 Td (The ) Tj ET Q q 0 0 0 rg BT 316.38 294.25 Td (New ) Tj ET Q q 0 0 0 rg BT 337.49 294.25 Td (Y) Tj ET Q q 0 0 0 rg BT 343.71 294.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 359.65 294.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 385.04 294.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 427.07 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 429.69 294.25 Td (is ) Tj ET Q q 0 0 0 rg BT 438.97 294.25 Td (an ) Tj ET Q q 0 0 0 rg BT 451.02 294.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 497.50 294.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 521.22 294.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 561.58 294.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 282.25 Td (are ) Tj ET Q q 0 0 0 rg BT 50.71 282.25 Td (freely ) Tj ET Q q 0 0 0 rg BT 76.52 282.25 Td (transferable ) Tj ET Q q 0 0 0 rg BT 126.21 282.25 Td (among ) Tj ET Q q 0 0 0 rg BT 155.93 282.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 188.98 282.25 Td (who ) Tj ET Q q 0 0 0 rg BT 208.71 282.25 Td (are ) Tj ET Q q 0 0 0 rg BT 223.41 282.25 Td (residents ) Tj ET Q q 0 0 0 rg BT 261.46 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.40 282.25 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 334.77 282.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.60 282.25 Td (Bermuda.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 258.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 111.88 258.25 Td (we ) Tj ET Q q 0 0 0 rg BT 125.65 258.25 Td (are ) Tj ET Q q 0 0 0 rg BT 139.96 258.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 192.60 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.49 258.25 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 243.75 258.25 Td (we ) Tj ET Q q 0 0 0 rg BT 257.51 258.25 Td (are ) Tj ET Q q 0 0 0 rg BT 271.83 258.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 311.70 258.25 Td (as ) Tj ET Q q 0 0 0 rg BT 322.13 258.25 Td (a ) Tj ET Q q 0 0 0 rg BT 328.68 258.25 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 380.77 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.20 258.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 429.96 258.25 Td (for ) Tj ET Q q 0 0 0 rg BT 443.73 258.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 483.59 258.25 Td (control ) Tj ET Q q 0 0 0 rg BT 514.02 258.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 551.68 258.25 Td (by ) Tj ET Q q 0 0 0 rg BT 563.79 258.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 246.25 Td (BMA. ) Tj ET Q q 0 0 0 rg BT 63.77 246.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 89.02 246.25 Td (than ) Tj ET Q q 0 0 0 rg BT 108.71 246.25 Td (transferring ) Tj ET Q q 0 0 0 rg BT 157.84 246.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 196.98 246.25 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 228.90 246.25 Td (out ) Tj ET Q q 0 0 0 rg BT 244.16 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.97 246.25 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 296.61 246.25 Td (there ) Tj ET Q q 0 0 0 rg BT 319.08 246.25 Td (are ) Tj ET Q q 0 0 0 rg BT 333.77 246.25 Td (no ) Tj ET Q q 0 0 0 rg BT 346.25 246.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 393.16 246.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.64 246.25 Td (our ) Tj ET Q q 0 0 0 rg BT 421.46 246.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 449.49 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.75 246.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 492.77 246.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 517.47 246.25 Td (into ) Tj ET Q q 0 0 0 rg BT 535.51 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.43 246.25 Td (out ) Tj ET Q q 0 0 0 rg BT 567.69 246.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 234.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 75.77 234.25 Td (or ) Tj ET Q q 0 0 0 rg BT 87.22 234.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.12 234.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 115.68 234.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 157.68 234.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.58 234.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 206.68 234.25 Td (other ) Tj ET Q q 0 0 0 rg BT 230.34 234.25 Td (than ) Tj ET Q q 0 0 0 rg BT 250.68 234.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 290.45 234.25 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 323.01 234.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.91 234.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 354.81 234.25 Td (residents ) Tj ET Q q 0 0 0 rg BT 393.48 234.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 408.26 234.25 Td (other ) Tj ET Q q 0 0 0 rg BT 431.92 234.25 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 488.92 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.37 234.25 Td (Bermuda\) ) Tj ET Q q 0 0 0 rg BT 543.47 234.25 Td (who ) Tj ET Q q 0 0 0 rg BT 563.81 234.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 222.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 67.94 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.77 222.25 Td (our ) Tj ET Q q 0 0 0 rg BT 94.60 222.25 Td (common ) Tj ET Q q 0 0 0 rg BT 132.09 222.25 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 198.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.12 198.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 128.87 198.25 Td (with ) Tj ET Q q 0 0 0 rg BT 148.44 198.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 186.88 198.25 Td (law) Tj ET Q q 0 0 0 rg BT 200.67 198.25 Td (, ) Tj ET Q q 0 0 0 rg BT 204.96 198.25 Td (share ) Tj ET Q q 0 0 0 rg BT 227.84 198.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 273.49 198.25 Td (may ) Tj ET Q q 0 0 0 rg BT 292.50 198.25 Td (be ) Tj ET Q q 0 0 0 rg BT 303.72 198.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 330.51 198.25 Td (only ) Tj ET Q q 0 0 0 rg BT 350.08 198.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.64 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.65 198.25 Td (names ) Tj ET Q q 0 0 0 rg BT 400.99 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.10 198.25 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 465.38 198.25 Td (individuals ) Tj ET Q q 0 0 0 rg BT 511.61 198.25 Td (or ) Tj ET Q q 0 0 0 rg BT 521.73 198.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 542.95 198.25 Td (persons. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 186.25 Td (In ) Tj ET Q q 0 0 0 rg BT 47.41 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 62.71 186.25 Td (case ) Tj ET Q q 0 0 0 rg BT 83.00 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.41 186.25 Td (an ) Tj ET Q q 0 0 0 rg BT 106.93 186.25 Td (applicant ) Tj ET Q q 0 0 0 rg BT 146.66 186.25 Td (acting ) Tj ET Q q 0 0 0 rg BT 174.17 186.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.03 186.25 Td (a ) Tj ET Q q 0 0 0 rg BT 192.55 186.25 Td (special ) Tj ET Q q 0 0 0 rg BT 223.40 186.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 259.79 186.25 Td (\(for ) Tj ET Q q 0 0 0 rg BT 277.86 186.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 317.31 186.25 Td (as ) Tj ET Q q 0 0 0 rg BT 328.72 186.25 Td (an ) Tj ET Q q 0 0 0 rg BT 341.24 186.25 Td (executor ) Tj ET Q q 0 0 0 rg BT 378.75 186.25 Td (or ) Tj ET Q q 0 0 0 rg BT 390.16 186.25 Td (trustee\), ) Tj ET Q q 0 0 0 rg BT 425.73 186.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 472.67 186.25 Td (may) Tj ET Q q 0 0 0 rg BT 489.23 186.25 Td (, ) Tj ET Q q 0 0 0 rg BT 494.81 186.25 Td (at ) Tj ET Q q 0 0 0 rg BT 505.11 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.41 186.25 Td (request ) Tj ET Q q 0 0 0 rg BT 552.37 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 563.78 186.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 174.25 Td (applicant, ) Tj ET Q q 0 0 0 rg BT 78.01 174.25 Td (record ) Tj ET Q q 0 0 0 rg BT 106.41 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.49 174.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 157.66 174.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.30 174.25 Td (which ) Tj ET Q q 0 0 0 rg BT 195.60 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.68 174.25 Td (applicant ) Tj ET Q q 0 0 0 rg BT 250.19 174.25 Td (is ) Tj ET Q q 0 0 0 rg BT 259.72 174.25 Td (acting. ) Tj ET Q q 0 0 0 rg BT 289.52 174.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 359.04 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.12 174.25 Td (recording ) Tj ET Q q 0 0 0 rg BT 415.30 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.49 174.25 Td (any ) Tj ET Q q 0 0 0 rg BT 443.79 174.25 Td (such ) Tj ET Q q 0 0 0 rg BT 464.98 174.25 Td (special ) Tj ET Q q 0 0 0 rg BT 495.60 174.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 528.27 174.25 Td (, ) Tj ET Q q 0 0 0 rg BT 533.63 174.25 Td (we ) Tj ET Q q 0 0 0 rg BT 548.15 174.25 Td (are ) Tj ET Q q 0 0 0 rg BT 563.22 174.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 162.25 Td (bound ) Tj ET Q q 0 0 0 rg BT 63.50 162.25 Td (to ) Tj ET Q q 0 0 0 rg BT 73.78 162.25 Td (investigate ) Tj ET Q q 0 0 0 rg BT 119.60 162.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.43 162.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 153.48 162.25 Td (any ) Tj ET Q q 0 0 0 rg BT 170.41 162.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 227.36 162.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.64 162.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 268.45 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.28 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.00 162.25 Td (proper ) Tj ET Q q 0 0 0 rg BT 322.60 162.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 382.87 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.70 162.25 Td (any ) Tj ET Q q 0 0 0 rg BT 410.63 162.25 Td (such ) Tj ET Q q 0 0 0 rg BT 431.46 162.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 456.73 162.25 Td (or ) Tj ET Q q 0 0 0 rg BT 467.56 162.25 Td (trust.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 138.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 138.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.33 138.25 Td (will ) Tj ET Q q 0 0 0 rg BT 105.14 138.25 Td (take ) Tj ET Q q 0 0 0 rg BT 124.05 138.25 Td (no ) Tj ET Q q 0 0 0 rg BT 136.31 138.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 163.00 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.58 138.25 Td (any ) Tj ET Q q 0 0 0 rg BT 190.27 138.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 210.31 138.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 253.65 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.68 138.25 Td (any ) Tj ET Q q 0 0 0 rg BT 280.38 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.96 138.25 Td (our ) Tj ET Q q 0 0 0 rg BT 306.55 138.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 333.79 138.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.38 138.25 Td (other ) Tj ET Q q 0 0 0 rg BT 367.18 138.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 407.20 138.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 441.66 138.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.25 138.25 Td (not ) Tj ET Q q 0 0 0 rg BT 467.28 138.25 Td (we ) Tj ET Q q 0 0 0 rg BT 481.19 138.25 Td (had ) Tj ET Q q 0 0 0 rg BT 497.89 138.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 524.58 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.16 138.25 Td (such ) Tj ET Q q 0 0 0 rg BT 555.75 138.25 Td (trust.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 114.25 Td (E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.17 114.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 114.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.75 114.25 Td (axation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 66.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.52 66.25 Td (following ) Tj ET Q q 0 0 0 rg BT 130.37 66.25 Td (is ) Tj ET Q q 0 0 0 rg BT 139.01 66.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.42 66.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 189.06 66.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.36 66.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.54 66.25 Td (material ) Tj ET Q q 0 0 0 rg BT 248.27 66.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 286.90 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.30 66.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 323.06 66.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 352.78 66.25 Td (income ) Tj ET Q q 0 0 0 rg BT 384.18 66.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 398.37 66.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 455.31 66.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.06 66.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.36 66.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 521.22 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.62 66.25 Td (to ) Tj ET Q q 0 0 0 rg BT 547.37 66.25 Td (a ) Tj ET Q q 0 0 0 rg BT 553.78 66.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 54.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 70.65 54.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.53 54.25 Td (a ) Tj ET Q q 0 0 0 rg BT 94.42 54.25 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 139.63 54.25 Td (Holder, ) Tj ET Q q 0 0 0 rg BT 176.78 54.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.56 54.25 Td (each ) Tj ET Q q 0 0 0 rg BT 208.32 54.25 Td (term ) Tj ET Q q 0 0 0 rg BT 229.09 54.25 Td (is ) Tj ET Q q 0 0 0 rg BT 238.20 54.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 270.63 54.25 Td (below) Tj ET Q q 0 0 0 rg BT 294.42 54.25 Td (. ) Tj ET Q q 0 0 0 rg BT 299.19 54.25 Td (This ) Tj ET Q q 0 0 0 rg BT 319.41 54.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 363.52 54.25 Td (does ) Tj ET Q q 0 0 0 rg BT 384.29 54.25 Td (not ) Tj ET Q q 0 0 0 rg BT 399.52 54.25 Td (purport ) Tj ET Q q 0 0 0 rg BT 431.40 54.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.62 54.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 460.72 54.25 Td (with ) Tj ET Q q 0 0 0 rg BT 480.94 54.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.60 54.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 510.26 54.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 567.68 54.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 42.25 Td (owning ) Tj ET Q q 0 0 0 rg BT 68.27 42.25 Td (common ) Tj ET Q q 0 0 0 rg BT 105.54 42.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 128.92 42.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.96 42.25 Td (all ) Tj ET Q q 0 0 0 rg BT 151.23 42.25 Td (categories ) Tj ET Q q 0 0 0 rg BT 194.03 42.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.63 42.25 Td (investors, ) Tj ET Q q 0 0 0 rg BT 245.51 42.25 Td (some ) Tj ET Q q 0 0 0 rg BT 268.89 42.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.49 42.25 Td (which, ) Tj ET Q q 0 0 0 rg BT 308.70 42.25 Td (such ) Tj ET Q q 0 0 0 rg BT 329.30 42.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.90 42.25 Td (dealers ) Tj ET Q q 0 0 0 rg BT 370.49 42.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.54 42.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 423.07 42.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 461.45 42.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 489.27 42.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 532.08 42.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 569.33 42.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (not ) Tj ET Q q 0 0 0 rg BT 50.91 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.27 749.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 85.19 749.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 110.65 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.22 749.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 165.47 749.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.60 749.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 204.46 749.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 238.24 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.71 749.10 Td (under ) Tj ET Q q 0 0 0 rg BT 273.61 749.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 316.84 749.10 Td (constructive ) Tj ET Q q 0 0 0 rg BT 367.85 749.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 411.64 749.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 435.72 749.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 456.19 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.65 749.10 Td (more ) Tj ET Q q 0 0 0 rg BT 489.33 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.80 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.27 749.10 Td (common ) Tj ET Q q 0 0 0 rg BT 552.40 749.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (may ) Tj ET Q q 0 0 0 rg BT 55.88 737.10 Td (be ) Tj ET Q q 0 0 0 rg BT 67.99 737.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 98.98 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.43 737.10 Td (special ) Tj ET Q q 0 0 0 rg BT 139.86 737.10 Td (rules. ) Tj ET Q q 0 0 0 rg BT 164.27 737.10 Td (This ) Tj ET Q q 0 0 0 rg BT 184.72 737.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 229.06 737.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 252.27 737.10 Td (only ) Tj ET Q q 0 0 0 rg BT 272.72 737.10 Td (with ) Tj ET Q q 0 0 0 rg BT 293.16 737.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 346.37 737.10 Td (who ) Tj ET Q q 0 0 0 rg BT 366.26 737.10 Td (own ) Tj ET Q q 0 0 0 rg BT 386.15 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.03 737.10 Td (common ) Tj ET Q q 0 0 0 rg BT 438.69 737.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 462.47 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 473.47 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.57 737.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 509.89 737.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 534.50 737.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 573.52 737.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (this ) Tj ET Q q 0 0 0 rg BT 53.33 725.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 97.87 725.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.42 725.10 Td (based ) Tj ET Q q 0 0 0 rg BT 133.07 725.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 155.94 725.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 179.65 725.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 226.96 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.28 725.10 Td (other ) Tj ET Q q 0 0 0 rg BT 267.70 725.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 312.79 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.45 725.10 Td (ef) Tj ET Q q 0 0 0 rg BT 331.04 725.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 348.90 725.10 Td (as ) Tj ET Q q 0 0 0 rg BT 360.11 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.31 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.41 725.10 Td (date ) Tj ET Q q 0 0 0 rg BT 405.94 725.10 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 436.85 725.10 Td (all ) Tj ET Q q 0 0 0 rg BT 449.73 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.94 725.10 Td (which ) Tj ET Q q 0 0 0 rg BT 488.25 725.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.34 725.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 534.54 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 545.19 725.10 Td (change, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 71.58 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 91.60 713.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 136.58 713.10 Td (ef) Tj ET Q q 0 0 0 rg BT 144.17 713.10 Td (fect. ) Tj ET Q q 0 0 0 rg BT 163.56 713.10 Td (Y) Tj ET Q q 0 0 0 rg BT 169.78 713.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 182.02 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 196.47 713.10 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 244.79 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.81 713.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 285.93 713.10 Td (your ) Tj ET Q q 0 0 0 rg BT 306.50 713.10 Td (own ) Tj ET Q q 0 0 0 rg BT 325.96 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 340.42 713.10 Td (advisors ) Tj ET Q q 0 0 0 rg BT 375.99 713.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 422.65 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.11 713.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 467.11 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.56 713.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 538.78 713.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 568.23 713.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (your ) Tj ET Q q 0 0 0 rg BT 56.83 701.10 Td (own ) Tj ET Q q 0 0 0 rg BT 76.55 701.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 117.36 701.10 Td (situation ) Tj ET Q q 0 0 0 rg BT 154.31 701.10 Td (under ) Tj ET Q q 0 0 0 rg BT 179.57 701.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 199.86 701.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 232.61 701.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 255.94 701.10 Td (local ) Tj ET Q q 0 0 0 rg BT 277.87 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.81 701.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 326.19 701.10 Td (law ) Tj ET Q q 0 0 0 rg BT 343.12 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.95 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.67 701.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 412.83 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.66 701.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 451.15 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.98 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.81 701.10 Td (common ) Tj ET Q q 0 0 0 rg BT 515.31 701.10 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (Bermuda and Other) Tj ET Q q 0 0 0 rg BT 122.49 677.10 Td ( Non-United States ) Tj ET Q q 0 0 0 rg BT 205.37 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 211.12 677.10 Td (ax Considerations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 653.10 Td (As of the date of this ) Tj ET Q q 0 0 0 rg BT 157.54 653.10 Td (Annual Report, we are not subject to taxation under the laws of Bermuda. Distributions we receive from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (our subsidiaries also are not subject to any Bermuda tax. ) Tj ET Q q 0 0 0 rg BT 264.00 641.10 Td (As of the date of this ) Tj ET Q q 0 0 0 rg BT 349.54 641.10 Td (Annual Report, there is no Bermuda income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (corporation or profits tax, withholding tax, capital gains tax, capital transfer tax, or estate duty or inheritance tax payable by non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (residents of Bermuda in respect of capital gains realized on a disposition of our common stock or in respect of distributions they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (receive from us with respect to our common stock. ) Tj ET Q q 0 0 0 rg BT 241.32 605.10 Td (This discussion does not, however) Tj ET Q q 0 0 0 rg BT 378.40 605.10 Td (, apply to the taxation of persons ordinarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (resident in Bermuda. Bermuda shareholders should consult their own tax advisors regarding possible Bermuda taxes with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (dispositions of, and distributions on, our common stock. ) Tj ET Q q 0 0 0 rg BT 263.31 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 271.95 581.10 Td (e have received from the Minister of Finance under ) Tj ET Q q 0 0 0 rg BT 479.75 581.10 Td (The Exempted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (Undertaking ) Tj ET Q q 0 0 0 rg BT 88.30 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.71 569.10 Td (ax Protection ) Tj ET Q q 0 0 0 rg BT 148.71 569.10 Td (Act 1966, as amended, an assurance that, in the event that Bermuda enacts legislation imposing tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (computed on profits, income, any capital asset, gain or appreciation, or any tax in the nature of estate duty or inheritance, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (imposition of any such tax shall not be applicable to us or to any of our operations or shares, debentures or other obligations, until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (March 31, 2035. ) Tj ET Q q 0 0 0 rg BT 104.42 533.10 Td (This assurance is subject to the proviso that it is not to be construed to prevent the application of any tax or duty to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (such persons as are ordinarily resident in Bermuda or to prevent the application of any tax payable in accordance with the provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (of the Land ) Tj ET Q q 0 0 0 rg BT 84.41 509.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.82 509.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 101.21 509.10 Td (Act 1967. ) Tj ET Q q 0 0 0 rg BT 142.97 509.10 Td (The assurance does not exempt us from paying import duty on goods imported into Bermuda. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (all entities employing individuals in Bermuda are required to pay a payroll tax and there are other sundry taxes payable, directly or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 73.67 485.10 Td (, to the Bermuda government. ) Tj ET Q q 0 0 0 rg BT 195.40 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 204.04 485.10 Td (e and our subsidiaries incorporated in Bermuda pay annual government fees to the Bermuda ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (government. Bermuda currently has no tax treaties in place with other countries in relation to double-taxation or for the withholding of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (tax for foreign tax authorities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (United ) Tj ET Q q 0 0 0 rg BT 103.39 425.10 Td (States ) Tj ET Q q 0 0 0 rg BT 131.44 425.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 166.71 425.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 200.69 425.10 Td (T) Tj ET Q q 0 0 0 rg BT 206.44 425.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 218.94 425.10 Td (Considerations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.76 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.40 401.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 130.38 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.14 401.10 Td (Seward& ) Tj ET Q q 0 0 0 rg BT 183.83 401.10 Td (Kissel ) Tj ET Q q 0 0 0 rg BT 211.26 401.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 227.93 401.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.85 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.61 401.10 Td (United ) Tj ET Q q 0 0 0 rg BT 278.25 401.10 Td (States ) Tj ET Q q 0 0 0 rg BT 304.56 401.10 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 340.04 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.68 401.10 Td (following ) Tj ET Q q 0 0 0 rg BT 395.99 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.62 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.27 401.10 Td (material ) Tj ET Q q 0 0 0 rg BT 460.45 401.10 Td (United ) Tj ET Q q 0 0 0 rg BT 490.09 401.10 Td (States ) Tj ET Q q 0 0 0 rg BT 516.41 401.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 546.59 401.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 50.22 389.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 107.20 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.98 389.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 136.77 389.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 170.44 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.88 389.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 227.22 389.10 Td (Holders, ) Tj ET Q q 0 0 0 rg BT 263.38 389.10 Td (each ) Tj ET Q q 0 0 0 rg BT 283.70 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.04 389.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 326.03 389.10 Td (below) Tj ET Q q 0 0 0 rg BT 349.82 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 354.32 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.65 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.88 389.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 422.54 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.88 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.21 389.10 Td (common ) Tj ET Q q 0 0 0 rg BT 485.21 389.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 514.56 389.10 Td (This ) Tj ET Q q 0 0 0 rg BT 534.34 389.10 Td (discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (does ) Tj ET Q q 0 0 0 rg BT 56.30 377.10 Td (not ) Tj ET Q q 0 0 0 rg BT 71.06 377.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 102.47 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.22 377.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 130.85 377.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.60 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.79 377.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 178.99 377.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 235.94 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.24 377.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 278.21 377.10 Td (common ) Tj ET Q q 0 0 0 rg BT 315.18 377.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 342.15 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.90 377.10 Td (all ) Tj ET Q q 0 0 0 rg BT 363.87 377.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 406.38 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.68 377.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 457.26 377.10 Td (some ) Tj ET Q q 0 0 0 rg BT 480.34 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.65 377.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 519.56 377.10 Td (such ) Tj ET Q q 0 0 0 rg BT 539.87 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 550.17 377.10 Td (banks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 76.74 365.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 124.43 365.10 Td (real ) Tj ET Q q 0 0 0 rg BT 141.84 365.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 167.03 365.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 213.34 365.10 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 239.93 365.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 279.56 365.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 325.87 365.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 373.56 365.10 Td (grantor ) Tj ET Q q 0 0 0 rg BT 404.86 365.10 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 431.46 365.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 478.86 365.10 Td (or) Tj ET Q q 0 0 0 rg BT 487.01 365.10 Td (ganizations, ) Tj ET Q q 0 0 0 rg BT 537.48 365.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 568.22 365.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 76.98 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 88.52 353.10 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 135.32 353.10 Td (traders ) Tj ET Q q 0 0 0 rg BT 165.74 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.73 353.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 217.71 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.92 353.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 258.01 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.44 353.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 339.40 353.10 Td (method ) Tj ET Q q 0 0 0 rg BT 372.61 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.16 353.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 431.24 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 446.12 353.10 Td (their ) Tj ET Q q 0 0 0 rg BT 467.66 353.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 511.14 353.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 550.46 353.10 Td (whose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 79.78 341.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 117.99 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.89 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.91 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.36 341.10 Td (United ) Tj ET Q q 0 0 0 rg BT 189.81 341.10 Td (States ) Tj ET Q q 0 0 0 rg BT 216.93 341.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 239.85 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.59 341.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 284.93 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.16 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 318.60 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.17 341.10 Td (own ) Tj ET Q q 0 0 0 rg BT 350.63 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.19 341.10 Td (common ) Tj ET Q q 0 0 0 rg BT 405.42 341.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 433.65 341.10 Td (through ) Tj ET Q q 0 0 0 rg BT 467.99 341.10 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 520.10 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 531.67 341.10 Td (other ) Tj ET Q q 0 0 0 rg BT 555.45 341.10 Td (pass-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (through ) Tj ET Q q 0 0 0 rg BT 69.11 329.10 Td (entitles, ) Tj ET Q q 0 0 0 rg BT 102.48 329.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 140.59 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.58 329.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 179.30 329.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 212.95 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.28 329.10 Td (under ) Tj ET Q q 0 0 0 rg BT 248.04 329.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 291.13 329.10 Td (constructive ) Tj ET Q q 0 0 0 rg BT 342.00 329.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 385.65 329.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 409.59 329.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 421.59 329.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 453.01 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.33 329.10 Td (more ) Tj ET Q q 0 0 0 rg BT 485.88 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.21 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.53 329.10 Td (common ) Tj ET Q q 0 0 0 rg BT 548.52 329.10 Td (shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 68.28 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 85.01 317.10 Td (will ) Tj ET Q q 0 0 0 rg BT 102.30 317.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 121.81 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.75 317.10 Td (common ) Tj ET Q q 0 0 0 rg BT 172.48 317.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 199.20 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.26 317.10 Td (part ) Tj ET Q q 0 0 0 rg BT 226.54 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.60 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.77 317.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 276.72 317.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 324.82 317.10 Td (straddle ) Tj ET Q q 0 0 0 rg BT 367.08 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.15 317.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 427.19 317.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 479.73 317.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 512.02 317.10 Td (who ) Tj ET Q q 0 0 0 rg BT 530.97 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 544.91 317.10 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.64 305.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 63.39 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.47 305.10 Td (common ) Tj ET Q q 0 0 0 rg BT 116.32 305.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 144.17 305.10 Td (under ) Tj ET Q q 0 0 0 rg BT 169.80 305.10 Td (constructive ) Tj ET Q q 0 0 0 rg BT 221.54 305.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 239.95 305.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 262.25 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.54 305.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 312.96 305.10 Td (who ) Tj ET Q q 0 0 0 rg BT 333.04 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.11 305.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 373.18 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.70 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.78 305.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 447.84 305.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 489.59 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.67 305.10 Td (may ) Tj ET Q q 0 0 0 rg BT 524.75 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 537.05 305.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 568.24 305.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (special ) Tj ET Q q 0 0 0 rg BT 66.07 293.10 Td (rules. ) Tj ET Q q 0 0 0 rg BT 90.15 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.00 293.10 Td (following ) Tj ET Q q 0 0 0 rg BT 149.20 293.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 193.17 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.81 293.10 Td (United ) Tj ET Q q 0 0 0 rg BT 233.34 293.10 Td (States ) Tj ET Q q 0 0 0 rg BT 259.53 293.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 289.59 293.10 Td (income ) Tj ET Q q 0 0 0 rg BT 321.33 293.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 335.86 293.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 367.60 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 376.57 293.10 Td (based ) Tj ET Q q 0 0 0 rg BT 401.65 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 413.96 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.48 293.10 Td (United ) Tj ET Q q 0 0 0 rg BT 458.00 293.10 Td (States ) Tj ET Q q 0 0 0 rg BT 484.20 293.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 517.60 293.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 554.89 293.10 Td (Code ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 47.03 281.10 Td (1986, ) Tj ET Q q 0 0 0 rg BT 72.24 281.10 Td (as ) Tj ET Q q 0 0 0 rg BT 83.27 281.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 124.56 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.60 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.52 281.10 Td (Code, ) Tj ET Q q 0 0 0 rg BT 176.83 281.10 Td (judicial ) Tj ET Q q 0 0 0 rg BT 209.52 281.10 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 251.94 281.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 311.85 281.10 Td (pronouncements, ) Tj ET Q q 0 0 0 rg BT 383.15 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.29 281.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 434.65 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.80 281.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 491.16 281.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 538.29 281.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 566.00 281.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.74 269.10 Td (United ) Tj ET Q q 0 0 0 rg BT 80.49 269.10 Td (States ) Tj ET Q q 0 0 0 rg BT 106.90 269.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 156.63 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.48 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.04 269.10 Td (T) Tj ET Q q 0 0 0 rg BT 187.80 269.10 Td (reasury) Tj ET Q q 0 0 0 rg BT 216.58 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.60 269.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.46 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.02 269.10 Td (T) Tj ET Q q 0 0 0 rg BT 252.78 269.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 284.73 269.10 Td (Regulations, ) Tj ET Q q 0 0 0 rg BT 337.53 269.10 Td (all ) Tj ET Q q 0 0 0 rg BT 350.05 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.91 269.10 Td (which ) Tj ET Q q 0 0 0 rg BT 387.87 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 402.60 269.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 433.46 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.76 269.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 477.10 269.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 512.97 269.10 Td (with ) Tj ET Q q 0 0 0 rg BT 533.27 269.10 Td (retroactive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 257.10 Td (fect. ) Tj ET Q q 0 0 0 rg BT 63.18 257.10 Td (This ) Tj ET Q q 0 0 0 rg BT 83.24 257.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 127.18 257.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 150.00 257.10 Td (only ) Tj ET Q q 0 0 0 rg BT 170.05 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 190.11 257.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 221.82 257.10 Td (who ) Tj ET Q q 0 0 0 rg BT 241.32 257.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 261.37 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.86 257.10 Td (common ) Tj ET Q q 0 0 0 rg BT 313.13 257.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 340.39 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 351.00 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.71 257.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.64 257.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 410.68 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 428.51 257.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 472.45 257.10 Td (below ) Tj ET Q q 0 0 0 rg BT 499.16 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 508.11 257.10 Td (based, ) Tj ET Q q 0 0 0 rg BT 535.65 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.70 257.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 566.02 257.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.11 245.10 Td (description ) Tj ET Q q 0 0 0 rg BT 96.44 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.67 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.89 245.10 Td (business ) Tj ET Q q 0 0 0 rg BT 157.68 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.91 245.10 Td (described ) Tj ET Q q 0 0 0 rg BT 208.12 245.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 235.00 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.34 245.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 286.56 245.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.45 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 317.01 245.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 350.56 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.79 245.10 Td (business ) Tj ET Q q 0 0 0 rg BT 401.57 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.80 245.10 Td (described ) Tj ET Q q 0 0 0 rg BT 452.01 245.10 Td (herein. ) Tj ET Q q 0 0 0 rg BT 481.39 245.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 510.51 245.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 551.28 245.10 Td (noted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (references ) Tj ET Q q 0 0 0 rg BT 80.29 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.29 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.73 233.10 Td (following ) Tj ET Q q 0 0 0 rg BT 148.84 233.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 193.73 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.73 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.16 233.10 Td (Company) Tj ET Q q 0 0 0 rg BT 262.84 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 273.00 233.10 Td (we ) Tj ET Q q 0 0 0 rg BT 296.75 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.41 233.10 Td (us ) Tj ET Q q 0 0 0 rg BT 335.40 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 350.83 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.83 233.10 Td (North ) Tj ET Q q 0 0 0 rg BT 387.67 233.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 423.10 233.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 457.98 233.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 477.59 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.25 233.10 Td (its ) Tj ET Q q 0 0 0 rg BT 507.92 233.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 558.36 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 571.58 233.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 89.04 221.10 Td (basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (United ) Tj ET Q q 0 0 0 rg BT 103.39 197.10 Td (States ) Tj ET Q q 0 0 0 rg BT 131.44 197.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 166.71 197.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 200.69 197.10 Td (T) Tj ET Q q 0 0 0 rg BT 206.44 197.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 240.61 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.44 197.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 271.72 197.10 Td (Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (As ) Tj ET Q q 0 0 0 rg BT 85.64 173.10 Td (used ) Tj ET Q q 0 0 0 rg BT 106.50 173.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 136.51 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.25 173.10 Td (term ) Tj ET Q q 0 0 0 rg BT 172.10 173.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 196.85 173.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 231.59 173.10 Td (means ) Tj ET Q q 0 0 0 rg BT 259.66 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.63 173.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 308.57 173.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 336.09 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.95 173.10 Td (common ) Tj ET Q q 0 0 0 rg BT 384.47 173.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 411.99 173.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.51 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 438.70 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.67 173.10 Td (United ) Tj ET Q q 0 0 0 rg BT 475.41 173.10 Td (States ) Tj ET Q q 0 0 0 rg BT 501.83 173.10 Td (citizen ) Tj ET Q q 0 0 0 rg BT 531.00 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.86 173.10 Td (resident, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (United ) Tj ET Q q 0 0 0 rg BT 65.46 161.10 Td (States ) Tj ET Q q 0 0 0 rg BT 91.59 161.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 139.93 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.50 161.10 Td (other ) Tj ET Q q 0 0 0 rg BT 173.29 161.10 Td (United ) Tj ET Q q 0 0 0 rg BT 202.75 161.10 Td (States ) Tj ET Q q 0 0 0 rg BT 228.88 161.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 253.89 161.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 285.01 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.58 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.26 161.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 353.10 161.10 Td (an ) Tj ET Q q 0 0 0 rg BT 364.78 161.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 389.79 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.24 161.10 Td (income ) Tj ET Q q 0 0 0 rg BT 435.92 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.49 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 473.17 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.09 161.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 512.66 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.68 161.10 Td (United ) Tj ET Q q 0 0 0 rg BT 552.14 161.10 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 66.46 149.10 Td (income ) Tj ET Q q 0 0 0 rg BT 98.61 149.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 133.53 149.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 176.78 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.82 149.10 Td (its ) Tj ET Q q 0 0 0 rg BT 199.97 149.10 Td (source, ) Tj ET Q q 0 0 0 rg BT 231.28 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.32 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.47 149.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 269.96 149.10 Td (if ) Tj ET Q q 0 0 0 rg BT 278.78 149.10 Td (\(i\)a ) Tj ET Q q 0 0 0 rg BT 297.87 149.10 Td (court ) Tj ET Q q 0 0 0 rg BT 321.12 149.10 Td (within ) Tj ET Q q 0 0 0 rg BT 349.39 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.32 149.10 Td (United ) Tj ET Q q 0 0 0 rg BT 394.24 149.10 Td (States ) Tj ET Q q 0 0 0 rg BT 420.84 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 430.22 149.10 Td (able ) Tj ET Q q 0 0 0 rg BT 449.58 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.07 149.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 495.54 149.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 529.90 149.10 Td (supervision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (over ) Tj ET Q q 0 0 0 rg BT 56.53 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.50 137.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 132.03 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.12 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.09 137.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 178.63 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.83 137.10 Td (one ) Tj ET Q q 0 0 0 rg BT 213.03 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.12 137.10 Td (more ) Tj ET Q q 0 0 0 rg BT 247.42 137.10 Td (United ) Tj ET Q q 0 0 0 rg BT 277.40 137.10 Td (States ) Tj ET Q q 0 0 0 rg BT 304.04 137.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 337.35 137.10 Td (have ) Tj ET Q q 0 0 0 rg BT 358.99 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.96 137.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 412.83 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.36 137.10 Td (control ) Tj ET Q q 0 0 0 rg BT 454.45 137.10 Td (all ) Tj ET Q q 0 0 0 rg BT 467.20 137.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 512.73 137.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 552.71 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.80 137.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 56.28 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 67.11 125.10 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 96.54 125.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 116.82 125.10 Td (has ) Tj ET Q q 0 0 0 rg BT 132.65 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.59 125.10 Td (valid ) Tj ET Q q 0 0 0 rg BT 162.08 125.10 Td (election ) Tj ET Q q 0 0 0 rg BT 196.23 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.51 125.10 Td (ef) Tj ET Q q 0 0 0 rg BT 214.10 125.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 231.59 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.86 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 253.80 125.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 283.50 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.33 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.27 125.10 Td (United ) Tj ET Q q 0 0 0 rg BT 330.99 125.10 Td (States ) Tj ET Q q 0 0 0 rg BT 357.38 125.10 Td (person ) Tj ET Q q 0 0 0 rg BT 386.54 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.70 125.10 Td (United ) Tj ET Q q 0 0 0 rg BT 430.41 125.10 Td (States ) Tj ET Q q 0 0 0 rg BT 456.80 125.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 487.05 125.10 Td (income ) Tj ET Q q 0 0 0 rg BT 518.99 125.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 533.71 125.10 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (If ) Tj ET Q q 0 0 0 rg BT 80.81 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.39 101.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 134.53 101.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 158.34 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.82 101.10 Td (common ) Tj ET Q q 0 0 0 rg BT 210.96 101.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 240.60 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.97 101.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.33 101.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 309.24 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.71 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.30 101.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 356.76 101.10 Td (will ) Tj ET Q q 0 0 0 rg BT 374.47 101.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 413.82 101.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 444.84 101.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 466.99 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.35 101.10 Td (status ) Tj ET Q q 0 0 0 rg BT 506.28 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.76 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.12 101.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 561.58 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 58.89 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.99 89.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 112.98 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.19 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.30 89.10 Td (partnership. ) Tj ET Q q 0 0 0 rg BT 189.67 89.10 Td (If ) Tj ET Q q 0 0 0 rg BT 199.22 89.10 Td (you ) Tj ET Q q 0 0 0 rg BT 217.11 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.20 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.53 89.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 270.73 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.39 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.72 89.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 336.59 89.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 370.04 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.25 89.10 Td (common ) Tj ET Q q 0 0 0 rg BT 424.14 89.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 454.51 89.10 Td (you ) Tj ET Q q 0 0 0 rg BT 472.40 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.49 89.10 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 536.47 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.13 89.10 Td (consult ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (your ) Tj ET Q q 0 0 0 rg BT 56.83 77.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 71.55 77.10 Td (advisor) Tj ET Q q 0 0 0 rg BT 100.43 77.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 53.10 Td (Distributions) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 105.36 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.50 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.09 749.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 177.12 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.82 749.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 221.62 749.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 253.87 749.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 301.11 749.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 347.24 749.10 Td (below) Tj ET Q q 0 0 0 rg BT 371.03 749.10 Td (, ) Tj ET Q q 0 0 0 rg BT 376.90 749.10 Td (any ) Tj ET Q q 0 0 0 rg BT 394.70 749.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 448.07 749.10 Td (made ) Tj ET Q q 0 0 0 rg BT 473.09 749.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.46 749.10 Td (us ) Tj ET Q q 0 0 0 rg BT 498.72 749.10 Td (with ) Tj ET Q q 0 0 0 rg BT 519.86 749.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 551.54 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 562.69 749.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (common ) Tj ET Q q 0 0 0 rg BT 73.85 737.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 101.70 737.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.34 737.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.64 737.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 140.28 737.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 170.91 737.10 Td (will ) Tj ET Q q 0 0 0 rg BT 189.32 737.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 229.38 737.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 271.12 737.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 315.37 737.10 Td (which ) Tj ET Q q 0 0 0 rg BT 342.67 737.10 Td (may ) Tj ET Q q 0 0 0 rg BT 362.74 737.10 Td (be ) Tj ET Q q 0 0 0 rg BT 375.04 737.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 406.77 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.96 737.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 454.70 737.10 Td (income ) Tj ET Q q 0 0 0 rg BT 486.99 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.18 737.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 541.02 737.10 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (income ) Tj ET Q q 0 0 0 rg BT 71.92 725.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.30 725.10 Td (described ) Tj ET Q q 0 0 0 rg BT 122.67 725.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.50 725.10 Td (more ) Tj ET Q q 0 0 0 rg BT 155.10 725.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 179.36 725.10 Td (below) Tj ET Q q 0 0 0 rg BT 203.15 725.10 Td (, ) Tj ET Q q 0 0 0 rg BT 207.70 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.53 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.80 725.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 258.28 725.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.66 725.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.04 725.10 Td (current ) Tj ET Q q 0 0 0 rg BT 314.41 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.90 725.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 383.48 725.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 419.40 725.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.89 725.10 Td (profits, ) Tj ET Q q 0 0 0 rg BT 466.55 725.10 Td (as ) Tj ET Q q 0 0 0 rg BT 476.93 725.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 523.96 725.10 Td (under ) Tj ET Q q 0 0 0 rg BT 548.78 725.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (States ) Tj ET Q q 0 0 0 rg BT 63.00 713.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 93.87 713.10 Td (income ) Tj ET Q q 0 0 0 rg BT 126.42 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.76 713.10 Td (principles. ) Tj ET Q q 0 0 0 rg BT 186.81 713.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 242.15 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.05 713.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 282.26 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.71 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.16 713.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 347.15 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.70 713.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 393.93 713.10 Td (will ) Tj ET Q q 0 0 0 rg BT 412.60 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 425.16 713.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 455.48 713.10 Td (first ) Tj ET Q q 0 0 0 rg BT 474.70 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 486.15 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.70 713.10 Td (nontaxable ) Tj ET Q q 0 0 0 rg BT 540.69 713.10 Td (return ) Tj ET Q q 0 0 0 rg BT 567.69 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 65.57 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.27 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.41 701.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 118.76 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.02 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.15 701.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 165.86 701.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 194.00 701.10 Td () Tj ET Q q 0 0 0 rg BT 196.78 701.10 Td (s ) Tj ET Q q 0 0 0 rg BT 203.59 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.73 701.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 241.65 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.35 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.49 701.10 Td (holder) Tj ET Q q 0 0 0 rg BT 293.41 701.10 Td () Tj ET Q q 0 0 0 rg BT 296.18 701.10 Td (s ) Tj ET Q q 0 0 0 rg BT 303.00 701.10 Td (common ) Tj ET Q q 0 0 0 rg BT 340.91 701.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 368.82 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.75 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.11 701.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 412.23 701.10 Td (-for) Tj ET Q q 0 0 0 rg BT 427.02 701.10 Td (-dollar ) Tj ET Q q 0 0 0 rg BT 456.60 701.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 479.52 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.88 701.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 538.10 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 549.35 701.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (gain. ) Tj ET Q q 0 0 0 rg BT 57.75 689.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 93.09 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 106.78 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.01 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 135.82 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.29 689.10 Td (United ) Tj ET Q q 0 0 0 rg BT 171.53 689.10 Td (States ) Tj ET Q q 0 0 0 rg BT 197.45 689.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 248.07 689.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 267.88 689.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 301.57 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 318.60 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.83 689.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 384.85 689.10 Td (will ) Tj ET Q q 0 0 0 rg BT 402.43 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 417.24 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 428.71 689.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 460.73 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.53 689.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 494.77 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.24 689.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 542.16 689.10 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 78.32 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 98.98 677.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 130.17 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.83 677.10 Td (any ) Tj ET Q q 0 0 0 rg BT 158.16 677.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 211.04 677.10 Td (they ) Tj ET Q q 0 0 0 rg BT 231.14 677.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 262.89 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 285.21 677.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 299.48 677.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 343.47 677.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 363.57 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 384.23 677.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 415.43 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.09 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.30 677.10 Td (common ) Tj ET Q q 0 0 0 rg BT 480.18 677.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 508.05 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 526.49 677.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 566.58 677.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 64.98 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 75.08 665.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 110.73 665.10 Td (category ) Tj ET Q q 0 0 0 rg BT 146.93 665.10 Td (income ) Tj ET Q q 0 0 0 rg BT 182.58 665.10 Td (or) Tj ET Q q 0 0 0 rg BT 190.51 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 194.78 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.34 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.33 665.10 Td (case ) Tj ET Q q 0 0 0 rg BT 237.31 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.42 665.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 276.39 665.10 Td (types ) Tj ET Q q 0 0 0 rg BT 299.28 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.38 665.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 328.94 665.10 Td (Holders, ) Tj ET Q q 0 0 0 rg BT 364.87 665.10 Td (general ) Tj ET Q q 0 0 0 rg BT 400.51 665.10 Td (category ) Tj ET Q q 0 0 0 rg BT 436.71 665.10 Td (income ) Tj ET Q q 0 0 0 rg BT 472.36 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.79 665.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 523.12 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.22 665.10 Td (computing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (allowable ) Tj ET Q q 0 0 0 rg BT 77.37 653.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 108.75 653.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 123.47 653.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 152.62 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 166.78 653.10 Td (United ) Tj ET Q q 0 0 0 rg BT 196.50 653.10 Td (States ) Tj ET Q q 0 0 0 rg BT 222.88 653.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 254.26 653.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 268.98 653.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 294.24 653.10 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 115.77 629.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 135.65 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 148.32 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.31 629.10 Td (common ) Tj ET Q q 0 0 0 rg BT 201.97 629.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.62 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.06 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.17 629.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 267.61 629.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 298.04 629.10 Td (who ) Tj ET Q q 0 0 0 rg BT 317.93 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.26 629.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.37 629.10 Td (individual, ) Tj ET Q q 0 0 0 rg BT 385.08 629.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 405.52 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.52 629.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 441.94 629.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 452.38 629.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 477.26 629.10 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 540.46 629.10 Td (Holder\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (will ) Tj ET Q q 0 0 0 rg BT 54.84 617.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 95.33 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 108.05 617.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 138.54 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.16 617.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 193.42 617.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 231.70 617.10 Td (income ) Tj ET Q q 0 0 0 rg BT 268.86 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.14 617.10 Td (is ) Tj ET Q q 0 0 0 rg BT 297.09 617.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 329.25 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.31 617.10 Td (such ) Tj ET Q q 0 0 0 rg BT 361.93 617.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 383.00 617.10 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 446.82 617.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 481.77 617.10 Td (at ) Tj ET Q q 0 0 0 rg BT 492.27 617.10 Td (preferential ) Tj ET Q q 0 0 0 rg BT 541.63 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 557.13 617.10 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 73.93 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 91.32 605.10 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 120.08 605.10 Td (common ) Tj ET Q q 0 0 0 rg BT 157.46 605.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 184.84 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.44 605.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 229.59 605.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 264.18 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 276.57 605.10 Td (an ) Tj ET Q q 0 0 0 rg BT 288.39 605.10 Td (established ) Tj ET Q q 0 0 0 rg BT 335.21 605.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 375.37 605.10 Td (market ) Tj ET Q q 0 0 0 rg BT 405.52 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.68 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.29 605.10 Td (United ) Tj ET Q q 0 0 0 rg BT 459.89 605.10 Td (States ) Tj ET Q q 0 0 0 rg BT 486.17 605.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 510.21 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.93 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.54 605.10 Td (New ) Tj ET Q q 0 0 0 rg BT 556.45 605.10 Td (Y) Tj ET Q q 0 0 0 rg BT 562.67 605.10 Td (ork ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 61.95 593.10 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 107.05 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.23 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 147.85 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.35 593.10 Td (common ) Tj ET Q q 0 0 0 rg BT 202.52 593.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.69 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 246.07 593.10 Td (listed\); ) Tj ET Q q 0 0 0 rg BT 277.02 593.10 Td (\(2\)we ) Tj ET Q q 0 0 0 rg BT 306.02 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.40 593.10 Td (not ) Tj ET Q q 0 0 0 rg BT 337.36 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.97 593.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 377.59 593.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 409.64 593.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 456.70 593.10 Td (company ) Tj ET Q q 0 0 0 rg BT 496.53 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.37 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.76 593.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 558.81 593.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (during ) Tj ET Q q 0 0 0 rg BT 64.85 581.10 Td (which ) Tj ET Q q 0 0 0 rg BT 92.03 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.99 581.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 144.72 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 154.13 581.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 174.09 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.16 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.12 581.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 252.84 581.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 295.01 581.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 326.62 581.10 Td (year ) Tj ET Q q 0 0 0 rg BT 346.57 581.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 360.97 581.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 402.04 581.10 Td (below\); ) Tj ET Q q 0 0 0 rg BT 435.33 581.10 Td (\(3\)the ) Tj ET Q q 0 0 0 rg BT 464.45 581.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 484.97 581.10 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 548.25 581.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (has ) Tj ET Q q 0 0 0 rg BT 52.26 569.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 81.85 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.99 569.10 Td (common ) Tj ET Q q 0 0 0 rg BT 134.92 569.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 162.84 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.42 569.10 Td (more ) Tj ET Q q 0 0 0 rg BT 200.90 569.10 Td (than ) Tj ET Q q 0 0 0 rg BT 221.05 569.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 233.97 569.10 Td (days ) Tj ET Q q 0 0 0 rg BT 255.23 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.94 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.09 569.10 Td (121-day ) Tj ET Q q 0 0 0 rg BT 316.78 569.10 Td (period ) Tj ET Q q 0 0 0 rg BT 345.26 569.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 388.18 569.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 401.11 569.10 Td (days ) Tj ET Q q 0 0 0 rg BT 422.37 569.10 Td (before ) Tj ET Q q 0 0 0 rg BT 450.84 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.98 569.10 Td (date ) Tj ET Q q 0 0 0 rg BT 485.57 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 498.49 569.10 Td (which ) Tj ET Q q 0 0 0 rg BT 525.86 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.01 569.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 63.65 557.10 Td (become ) Tj ET Q q 0 0 0 rg BT 97.39 557.10 Td (ex-dividend ) Tj ET Q q 0 0 0 rg BT 147.81 557.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 168.24 557.10 Td (has ) Tj ET Q q 0 0 0 rg BT 184.22 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.66 557.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 231.74 557.10 Td (into ) Tj ET Q q 0 0 0 rg BT 249.95 557.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 279.80 557.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 297.46 557.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 331.79 557.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 382.20 557.10 Td (with ) Tj ET Q q 0 0 0 rg BT 402.64 557.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 433.61 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.04 557.10 Td (such ) Tj ET Q q 0 0 0 rg BT 465.03 557.10 Td (common ) Tj ET Q q 0 0 0 rg BT 502.68 557.10 Td (share\); ) Tj ET Q q 0 0 0 rg BT 532.54 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.63 557.10 Td (\(4\)the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 56.82 545.10 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 120.39 545.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 151.19 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.90 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 176.71 545.10 Td (under ) Tj ET Q q 0 0 0 rg BT 202.51 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 214.99 545.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 258.57 545.10 Td (\(whether ) Tj ET Q q 0 0 0 rg BT 297.15 545.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 334.62 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.43 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.90 545.10 Td (short ) Tj ET Q q 0 0 0 rg BT 375.94 545.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 394.52 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.89 545.10 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 451.13 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.94 545.10 Td (make ) Tj ET Q q 0 0 0 rg BT 486.63 545.10 Td (related ) Tj ET Q q 0 0 0 rg BT 516.87 545.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 558.23 545.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 67.10 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.66 533.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 116.57 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.13 533.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 180.47 533.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 211.02 533.10 Td (related ) Tj ET Q q 0 0 0 rg BT 241.01 533.10 Td (property) Tj ET Q q 0 0 0 rg BT 274.24 533.10 Td (. ) Tj ET Q q 0 0 0 rg BT 279.32 533.10 Td (There ) Tj ET Q q 0 0 0 rg BT 305.42 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 314.88 533.10 Td (no ) Tj ET Q q 0 0 0 rg BT 327.66 533.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 369.31 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 387.09 533.10 Td (any ) Tj ET Q q 0 0 0 rg BT 404.31 533.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 445.99 533.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 465.99 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 478.77 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 494.89 533.10 Td (common ) Tj ET Q q 0 0 0 rg BT 532.67 533.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 560.44 533.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (be ) Tj ET Q q 0 0 0 rg BT 47.94 521.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 80.43 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.59 521.10 Td (these ) Tj ET Q q 0 0 0 rg BT 117.64 521.10 Td (preferential ) Tj ET Q q 0 0 0 rg BT 166.21 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.93 521.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 202.31 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.59 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.30 521.10 Td (hands ) Tj ET Q q 0 0 0 rg BT 253.13 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.96 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.90 521.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 291.19 521.10 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 354.22 521.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 381.44 521.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (Special ) Tj ET Q q 0 0 0 rg BT 104.04 497.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 126.08 497.10 Td (may ) Tj ET Q q 0 0 0 rg BT 145.90 497.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 170.72 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.10 497.10 Td (any ) Tj ET Q q 0 0 0 rg BT 198.15 497.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 259.05 497.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 301.09 497.10 Td (generally) Tj ET Q q 0 0 0 rg BT 337.64 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 342.75 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.79 497.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 387.39 497.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 407.21 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.81 497.10 Td (us ) Tj ET Q q 0 0 0 rg BT 431.31 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.69 497.10 Td (an ) Tj ET Q q 0 0 0 rg BT 453.73 497.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.33 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 513.37 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 522.65 497.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 546.91 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 557.29 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 568.22 497.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 64.87 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 75.97 485.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 90.96 485.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 123.15 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.25 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.46 485.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 162.01 485.10 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 225.32 485.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 253.46 485.10 Td () Tj ET Q q 0 0 0 rg BT 256.24 485.10 Td (s ) Tj ET Q q 0 0 0 rg BT 262.90 485.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 298.99 485.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.98 485.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 336.75 485.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 351.18 485.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 367.83 485.10 Td (market ) Tj ET Q q 0 0 0 rg BT 398.36 485.10 Td (value ) Tj ET Q q 0 0 0 rg BT 422.79 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.33 485.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 463.31 485.10 Td (circumstances\) ) Tj ET Q q 0 0 0 rg BT 526.05 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.60 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 543.80 485.10 Td (share ) Tj ET Q q 0 0 0 rg BT 567.67 485.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (common ) Tj ET Q q 0 0 0 rg BT 72.84 473.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 99.67 473.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 118.73 473.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.57 473.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 143.81 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 153.98 473.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 191.09 473.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 246.80 473.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 287.53 473.10 Td (include ) Tj ET Q q 0 0 0 rg BT 318.80 473.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 359.53 473.10 Td (received ) Tj ET Q q 0 0 0 rg BT 395.24 473.10 Td (within ) Tj ET Q q 0 0 0 rg BT 422.64 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.92 473.10 Td (one ) Tj ET Q q 0 0 0 rg BT 445.20 473.10 Td (year ) Tj ET Q q 0 0 0 rg BT 464.25 473.10 Td (period ) Tj ET Q q 0 0 0 rg BT 491.64 473.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 510.97 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.59 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.65 473.10 Td (aggregate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 60.29 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 71.25 461.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 101.63 461.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 122.60 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.56 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.63 461.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 161.04 461.10 Td (Non-Corporate ) Tj ET Q q 0 0 0 rg BT 224.21 461.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 252.35 461.10 Td () Tj ET Q q 0 0 0 rg BT 255.13 461.10 Td (s ) Tj ET Q q 0 0 0 rg BT 261.65 461.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 297.61 461.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 312.46 461.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 335.09 461.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 349.38 461.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 365.89 461.10 Td (market ) Tj ET Q q 0 0 0 rg BT 396.29 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 420.58 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.99 461.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 460.82 461.10 Td (circumstances\). ) Tj ET Q q 0 0 0 rg BT 525.92 461.10 Td (If ) Tj ET Q q 0 0 0 rg BT 535.21 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 549.51 461.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 566.58 461.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 97.32 449.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 139.78 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 152.80 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.15 449.10 Td (common ) Tj ET Q q 0 0 0 rg BT 207.17 449.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.18 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.20 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.89 449.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 293.11 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 304.46 449.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 347.46 449.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 385.48 449.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 424.87 449.10 Td (then ) Tj ET Q q 0 0 0 rg BT 445.11 449.10 Td (any ) Tj ET Q q 0 0 0 rg BT 462.57 449.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 481.16 449.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 514.16 449.10 Td (by ) Tj ET Q q 0 0 0 rg BT 527.18 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.64 449.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 555.45 449.10 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 77.79 437.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 107.37 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.61 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.64 437.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 159.99 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.13 437.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 209.69 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.82 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 239.96 437.10 Td (common ) Tj ET Q q 0 0 0 rg BT 276.76 437.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 303.56 437.10 Td (will ) Tj ET Q q 0 0 0 rg BT 320.92 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 332.17 437.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 361.18 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 371.31 437.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 412.55 437.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 441.01 437.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 458.38 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.96 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.99 437.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 508.23 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.36 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 538.50 437.10 Td (dividend.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (Sale, ) Tj ET Q q 0 0 0 rg BT 94.78 413.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 138.95 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.34 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 174.51 413.10 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 223.69 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.52 413.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 274.81 413.10 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 104.65 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.08 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.94 389.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 174.27 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.25 389.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 217.34 389.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 248.87 389.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 295.40 389.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 340.81 389.10 Td (below) Tj ET Q q 0 0 0 rg BT 364.60 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 369.75 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.84 389.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 397.28 389.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 427.70 389.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 467.55 389.10 Td (will ) Tj ET Q q 0 0 0 rg BT 485.76 389.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 527.27 389.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 558.80 389.10 Td (gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 46.83 377.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 64.89 377.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 87.39 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.33 377.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 114.88 377.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 155.13 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.96 377.10 Td (other ) Tj ET Q q 0 0 0 rg BT 189.01 377.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 235.40 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.23 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.06 377.10 Td (common ) Tj ET Q q 0 0 0 rg BT 299.56 377.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 327.05 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.33 377.10 Td (an ) Tj ET Q q 0 0 0 rg BT 349.27 377.10 Td (amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 96.36 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.84 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.76 353.10 Td (dif) Tj ET Q q 0 0 0 rg BT 132.69 353.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 164.81 353.10 Td (between ) Tj ET Q q 0 0 0 rg BT 200.83 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.75 353.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 248.45 353.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 282.79 353.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.50 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.42 353.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 330.91 353.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 361.38 353.10 Td (from ) Tj ET Q q 0 0 0 rg BT 383.52 353.10 Td (such ) Tj ET Q q 0 0 0 rg BT 404.55 353.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 425.31 353.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 465.76 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.80 353.10 Td (other ) Tj ET Q q 0 0 0 rg BT 500.05 353.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 546.65 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 563.79 353.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 56.21 341.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 84.35 341.10 Td () Tj ET Q q 0 0 0 rg BT 87.13 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 93.45 341.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 108.09 341.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 130.52 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.73 341.10 Td (such ) Tj ET Q q 0 0 0 rg BT 161.49 341.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 188.73 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 206.71 341.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 226.92 341.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 255.06 341.10 Td () Tj ET Q q 0 0 0 rg BT 257.83 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 264.15 341.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 289.91 341.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 304.56 341.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 326.99 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.19 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 349.07 341.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 376.49 341.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 416.12 341.10 Td (will ) Tj ET Q q 0 0 0 rg BT 434.10 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.97 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.61 341.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 480.83 341.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 508.97 341.10 Td () Tj ET Q q 0 0 0 rg BT 511.74 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 518.06 341.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 556.03 341.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 50.23 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.02 329.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 92.58 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.59 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 127.15 329.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.94 329.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 164.51 329.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.64 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.65 329.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 228.87 329.10 Td (\(but ) Tj ET Q q 0 0 0 rg BT 247.55 329.10 Td (no ) Tj ET Q q 0 0 0 rg BT 260.12 329.10 Td (below ) Tj ET Q q 0 0 0 rg BT 287.13 329.10 Td (zero\) ) Tj ET Q q 0 0 0 rg BT 310.23 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 322.80 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.59 329.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 370.16 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.06 329.10 Td (any ) Tj ET Q q 0 0 0 rg BT 398.07 329.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 450.64 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 463.21 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.00 329.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 505.56 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 523.13 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 537.91 329.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 567.68 329.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (non-taxable ) Tj ET Q q 0 0 0 rg BT 85.47 317.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 115.51 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.10 317.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 155.02 317.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 168.95 317.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 209.55 317.10 Td (above ) Tj ET Q q 0 0 0 rg BT 235.69 317.10 Td (under ) Tj ET Q q 0 0 0 rg BT 260.73 317.10 Td (-United ) Tj ET Q q 0 0 0 rg BT 297.98 317.10 Td (States ) Tj ET Q q 0 0 0 rg BT 324.14 317.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 356.39 317.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 388.48 317.10 Td (T) Tj ET Q q 0 0 0 rg BT 393.89 317.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 425.59 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.19 317.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 456.24 317.10 Td (Holders-Distributions\). ) Tj ET Q q 0 0 0 rg BT 556.00 317.10 Td (Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 55.55 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 66.22 305.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 84.12 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 102.02 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 113.79 305.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 143.33 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 154.00 305.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 195.77 305.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 224.76 305.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 244.32 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.98 305.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 272.88 305.10 Td (if ) Tj ET Q q 0 0 0 rg BT 281.33 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.88 305.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 316.00 305.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 344.14 305.10 Td () Tj ET Q q 0 0 0 rg BT 346.92 305.10 Td (s ) Tj ET Q q 0 0 0 rg BT 353.15 305.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 386.05 305.10 Td (period ) Tj ET Q q 0 0 0 rg BT 413.93 305.10 Td (is ) Tj ET Q q 0 0 0 rg BT 422.94 305.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 453.03 305.10 Td (than ) Tj ET Q q 0 0 0 rg BT 472.59 305.10 Td (one ) Tj ET Q q 0 0 0 rg BT 489.36 305.10 Td (year ) Tj ET Q q 0 0 0 rg BT 508.91 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 518.46 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.02 305.10 Td (time ) Tj ET Q q 0 0 0 rg BT 553.13 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.80 305.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 55.80 293.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 95.30 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.38 293.10 Td (other ) Tj ET Q q 0 0 0 rg BT 127.68 293.10 Td (disposition. ) Tj ET Q q 0 0 0 rg BT 175.83 293.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 197.58 293.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 225.98 293.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 244.95 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.03 293.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 272.34 293.10 Td (will ) Tj ET Q q 0 0 0 rg BT 289.65 293.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 328.60 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 339.79 293.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 368.74 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.82 293.10 Td (United ) Tj ET Q q 0 0 0 rg BT 407.79 293.10 Td (States ) Tj ET Q q 0 0 0 rg BT 433.42 293.10 Td (source ) Tj ET Q q 0 0 0 rg BT 461.27 293.10 Td (income ) Tj ET Q q 0 0 0 rg BT 492.46 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.54 293.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 522.35 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.43 293.10 Td (applicable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 50.16 281.10 Td (United ) Tj ET Q q 0 0 0 rg BT 79.88 281.10 Td (States ) Tj ET Q q 0 0 0 rg BT 106.26 281.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 137.64 281.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 152.36 281.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 177.62 281.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 217.62 281.10 Td (A) Tj ET Q q 0 0 0 rg BT 224.29 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.79 281.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 247.07 281.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 275.21 281.10 Td () Tj ET Q q 0 0 0 rg BT 277.99 281.10 Td (s ) Tj ET Q q 0 0 0 rg BT 284.38 281.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 312.44 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.71 281.10 Td (deduct ) Tj ET Q q 0 0 0 rg BT 351.87 281.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 381.02 281.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 407.41 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.58 281.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 447.41 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.68 281.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 487.39 281.10 Td (limitations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 95.33 257.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.52 257.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 113.02 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.08 257.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 143.02 257.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 191.08 257.10 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.07 233.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 119.13 233.10 Td (years ) Tj ET Q q 0 0 0 rg BT 142.41 233.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 184.58 233.10 Td (after ) Tj ET Q q 0 0 0 rg BT 205.08 233.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 263.35 233.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 288.03 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.65 233.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 314.61 233.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 344.56 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.74 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 370.59 233.10 Td (an ) Tj ET Q q 0 0 0 rg BT 382.21 233.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 424.95 233.10 Td (will ) Tj ET Q q 0 0 0 rg BT 442.68 233.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 482.07 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 493.69 233.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 524.19 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.15 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 540.77 233.10 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 563.79 233.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 47.94 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.10 221.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 86.82 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.09 221.10 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 125.41 221.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 145.14 221.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 173.28 221.10 Td () Tj ET Q q 0 0 0 rg BT 176.05 221.10 Td (s ) Tj ET Q q 0 0 0 rg BT 181.89 221.10 Td (net ) Tj ET Q q 0 0 0 rg BT 196.05 221.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 241.87 221.10 Td (income ) Tj ET Q q 0 0 0 rg BT 273.25 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.85 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.01 221.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 331.83 221.10 Td (year ) Tj ET Q q 0 0 0 rg BT 350.98 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.36 221.10 Td (\(2\)the ) Tj ET Q q 0 0 0 rg BT 395.68 221.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 423.72 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.00 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.16 221.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 467.88 221.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 496.02 221.10 Td () Tj ET Q q 0 0 0 rg BT 498.80 221.10 Td (s ) Tj ET Q q 0 0 0 rg BT 504.64 221.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 542.68 221.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 59.66 209.10 Td (income ) Tj ET Q q 0 0 0 rg BT 91.64 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.84 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.61 209.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 152.02 209.10 Td (year ) Tj ET Q q 0 0 0 rg BT 171.78 209.10 Td (over ) Tj ET Q q 0 0 0 rg BT 192.09 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.07 209.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 228.82 209.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 268.58 209.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 298.90 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.22 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.98 209.10 Td (case ) Tj ET Q q 0 0 0 rg BT 343.74 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.61 209.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 401.60 209.10 Td (is ) Tj ET Q q 0 0 0 rg BT 410.81 209.10 Td (between ) Tj ET Q q 0 0 0 rg BT 446.68 209.10 Td ($125,000 ) Tj ET Q q 0 0 0 rg BT 486.72 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.71 209.10 Td ($250,000\). ) Tj ET Q q 0 0 0 rg BT 549.02 209.10 Td (A) Tj ET Q q 0 0 0 rg BT 555.69 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 558.23 209.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 65.80 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 82.83 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 91.54 197.10 Td (an ) Tj ET Q q 0 0 0 rg BT 103.01 197.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 127.81 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 138.18 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.65 197.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 164.46 197.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.06 197.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 221.29 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 232.77 197.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 263.13 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.94 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.41 197.10 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 302.28 197.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 316.53 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.57 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.82 197.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 367.62 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.99 197.10 Td (\(1\)the ) Tj ET Q q 0 0 0 rg BT 406.40 197.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 426.22 197.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 454.36 197.10 Td () Tj ET Q q 0 0 0 rg BT 457.14 197.10 Td (s ) Tj ET Q q 0 0 0 rg BT 463.06 197.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 517.87 197.10 Td (net ) Tj ET Q q 0 0 0 rg BT 532.12 197.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (income ) Tj ET Q q 0 0 0 rg BT 67.88 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.98 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.64 185.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 127.96 185.10 Td (year ) Tj ET Q q 0 0 0 rg BT 147.61 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.49 185.10 Td (\(2\)the ) Tj ET Q q 0 0 0 rg BT 193.31 185.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 221.85 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.63 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.29 185.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 267.52 185.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 295.66 185.10 Td () Tj ET Q q 0 0 0 rg BT 298.43 185.10 Td (s ) Tj ET Q q 0 0 0 rg BT 304.77 185.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 340.54 185.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 364.10 185.10 Td (income ) Tj ET Q q 0 0 0 rg BT 395.97 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.08 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.74 185.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 456.05 185.10 Td (year ) Tj ET Q q 0 0 0 rg BT 475.70 185.10 Td (over ) Tj ET Q q 0 0 0 rg BT 495.92 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.58 185.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 536.35 185.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 568.79 185.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 62.89 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.56 173.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 108.90 173.10 Td (income ) Tj ET Q q 0 0 0 rg BT 140.79 173.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.46 173.10 Td (bracket ) Tj ET Q q 0 0 0 rg BT 187.33 173.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 230.87 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.10 173.10 Td (an ) Tj ET Q q 0 0 0 rg BT 253.00 173.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 278.21 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 288.99 173.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 309.23 173.10 Td (begins ) Tj ET Q q 0 0 0 rg BT 337.79 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.90 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.57 173.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 397.89 173.10 Td (year) Tj ET Q q 0 0 0 rg BT 414.55 173.10 Td (. ) Tj ET Q q 0 0 0 rg BT 418.96 173.10 Td (A) Tj ET Q q 0 0 0 rg BT 425.63 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.08 173.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 448.32 173.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 476.46 173.10 Td () Tj ET Q q 0 0 0 rg BT 479.24 173.10 Td (s ) Tj ET Q q 0 0 0 rg BT 485.58 173.10 Td (net ) Tj ET Q q 0 0 0 rg BT 500.25 173.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 546.58 173.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (will ) Tj ET Q q 0 0 0 rg BT 53.92 161.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 93.50 161.10 Td (include ) Tj ET Q q 0 0 0 rg BT 125.30 161.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 177.67 161.10 Td (made ) Tj ET Q q 0 0 0 rg BT 201.69 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.06 161.10 Td (us ) Tj ET Q q 0 0 0 rg BT 225.32 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 252.13 161.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 293.38 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.18 161.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 337.55 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.58 161.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 371.73 161.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 401.85 161.10 Td (income ) Tj ET Q q 0 0 0 rg BT 433.65 161.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 448.24 161.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 486.16 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.96 161.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 522.55 161.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 556.56 161.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.72 149.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 71.26 149.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 111.52 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.35 149.10 Td (other ) Tj ET Q q 0 0 0 rg BT 145.39 149.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 191.79 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.62 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.45 149.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 248.26 149.10 Td (This ) Tj ET Q q 0 0 0 rg BT 268.54 149.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.26 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 292.43 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.70 149.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 337.98 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.26 149.10 Td (any ) Tj ET Q q 0 0 0 rg BT 365.19 149.10 Td (income ) Tj ET Q q 0 0 0 rg BT 397.13 149.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 420.17 149.10 Td (due ) Tj ET Q q 0 0 0 rg BT 437.11 149.10 Td (on ) Tj ET Q q 0 0 0 rg BT 449.61 149.10 Td (such ) Tj ET Q q 0 0 0 rg BT 470.44 149.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 516.83 149.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (If ) Tj ET Q q 0 0 0 rg BT 81.85 125.10 Td (you ) Tj ET Q q 0 0 0 rg BT 100.05 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.45 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.08 125.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 144.06 125.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 175.02 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 193.21 125.10 Td (is ) Tj ET Q q 0 0 0 rg BT 203.07 125.10 Td (an ) Tj ET Q q 0 0 0 rg BT 215.70 125.10 Td (individual, ) Tj ET Q q 0 0 0 rg BT 261.95 125.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 287.90 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 299.43 125.10 Td (trust, ) Tj ET Q q 0 0 0 rg BT 322.90 125.10 Td (you ) Tj ET Q q 0 0 0 rg BT 341.09 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 356.49 125.10 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 405.77 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.74 125.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 448.82 125.10 Td (your ) Tj ET Q q 0 0 0 rg BT 470.34 125.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 485.75 125.10 Td (advisors ) Tj ET Q q 0 0 0 rg BT 522.28 125.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 563.79 125.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (applicability ) Tj ET Q q 0 0 0 rg BT 88.49 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.32 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.03 113.10 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 137.36 113.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 152.08 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.58 113.10 Td (net ) Tj ET Q q 0 0 0 rg BT 179.30 113.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 225.68 113.10 Td (income ) Tj ET Q q 0 0 0 rg BT 257.61 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.89 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.61 113.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 326.77 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.71 113.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 390.10 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.93 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 416.76 113.10 Td (common ) Tj ET Q q 0 0 0 rg BT 454.26 113.10 Td (shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 89.10 Td (Passive ) Tj ET Q q 0 0 0 rg BT 105.05 89.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 140.89 89.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 188.94 89.10 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 65.10 Td (Special ) Tj ET Q q 0 0 0 rg BT 104.25 65.10 Td (United ) Tj ET Q q 0 0 0 rg BT 134.28 65.10 Td (States ) Tj ET Q q 0 0 0 rg BT 160.99 65.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 191.56 65.10 Td (income ) Tj ET Q q 0 0 0 rg BT 223.81 65.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 238.84 65.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 261.09 65.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 286.13 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.72 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.98 65.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 324.58 65.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 355.16 65.10 Td (that ) Tj ET Q q 0 0 0 rg BT 372.97 65.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 397.46 65.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 421.38 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.98 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.23 65.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 470.93 65.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 519.84 65.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 560.42 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 571.56 65.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 68.33 53.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 100.10 53.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 146.88 53.10 Td (company) Tj ET Q q 0 0 0 rg BT 182.88 53.10 Td (, ) Tj ET Q q 0 0 0 rg BT 188.28 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.50 53.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 223.51 53.10 Td (for ) Tj ET Q q 0 0 0 rg BT 238.07 53.10 Td (United ) Tj ET Q q 0 0 0 rg BT 268.18 53.10 Td (States ) Tj ET Q q 0 0 0 rg BT 294.96 53.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 325.60 53.10 Td (income ) Tj ET Q q 0 0 0 rg BT 357.93 53.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.04 53.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 413.99 53.10 Td (In ) Tj ET Q q 0 0 0 rg BT 425.21 53.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 460.03 53.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.36 53.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 499.13 53.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 548.11 53.10 Td (will ) Tj ET Q q 0 0 0 rg BT 566.56 53.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 65.00 749.10 Td (as ) Tj ET Q q 0 0 0 rg BT 75.12 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 81.36 749.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 104.28 749.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.85 749.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 153.96 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.54 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.77 749.10 Td (United ) Tj ET Q q 0 0 0 rg BT 198.78 749.10 Td (States ) Tj ET Q q 0 0 0 rg BT 224.47 749.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 272.91 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.48 749.10 Td (such ) Tj ET Q q 0 0 0 rg BT 302.61 749.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 333.28 749.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 383.67 749.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 394.08 749.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.53 749.10 Td (any ) Tj ET Q q 0 0 0 rg BT 423.77 749.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 454.43 749.10 Td (year ) Tj ET Q q 0 0 0 rg BT 473.44 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.01 749.10 Td (which ) Tj ET Q q 0 0 0 rg BT 509.25 749.10 Td (such ) Tj ET Q q 0 0 0 rg BT 529.37 749.10 Td (shareholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 60.17 737.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 83.78 737.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.06 737.10 Td (such ) Tj ET Q q 0 0 0 rg BT 114.89 737.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 146.26 737.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 197.36 737.10 Td (either:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 117.58 713.10 Td (least ) Tj ET Q q 0 0 0 rg BT 138.27 713.10 Td (75 ) Tj ET Q q 0 0 0 rg BT 150.64 713.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 182.43 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.12 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.71 713.10 Td (corporation) Tj ET Q q 0 0 0 rg BT 256.58 713.10 Td (s ) Tj ET Q q 0 0 0 rg BT 262.84 713.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 286.32 713.10 Td (income ) Tj ET Q q 0 0 0 rg BT 318.11 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.14 713.10 Td (such ) Tj ET Q q 0 0 0 rg BT 352.84 713.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 384.07 713.10 Td (year ) Tj ET Q q 0 0 0 rg BT 403.65 713.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 437.68 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.38 713.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 480.18 713.10 Td (income ) Tj ET Q q 0 0 0 rg BT 511.98 713.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 534.62 713.10 Td (dividends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 701.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 142.43 701.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 171.58 701.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 195.19 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.13 701.10 Td (rents ) Tj ET Q q 0 0 0 rg BT 234.07 701.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 266.55 701.10 Td (other ) Tj ET Q q 0 0 0 rg BT 289.60 701.10 Td (than ) Tj ET Q q 0 0 0 rg BT 309.32 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.60 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.31 701.10 Td (active ) Tj ET Q q 0 0 0 rg BT 360.69 701.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 394.84 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.67 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.61 701.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 437.87 701.10 Td (business\); ) Tj ET Q q 0 0 0 rg BT 480.37 701.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 689.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 117.82 689.10 Td (least ) Tj ET Q q 0 0 0 rg BT 138.74 689.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 151.34 689.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 183.36 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.29 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.11 689.10 Td (average ) Tj ET Q q 0 0 0 rg BT 242.79 689.10 Td (value ) Tj ET Q q 0 0 0 rg BT 267.04 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.97 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.79 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 318.72 689.10 Td (held ) Tj ET Q q 0 0 0 rg BT 338.54 689.10 Td (by ) Tj ET Q q 0 0 0 rg BT 351.13 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.95 689.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 414.64 689.10 Td (during ) Tj ET Q q 0 0 0 rg BT 443.35 689.10 Td (such ) Tj ET Q q 0 0 0 rg BT 464.28 689.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 495.75 689.10 Td (year ) Tj ET Q q 0 0 0 rg BT 515.56 689.10 Td (produce, ) Tj ET Q q 0 0 0 rg BT 552.86 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 563.79 689.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 677.10 Td (held ) Tj ET Q q 0 0 0 rg BT 127.72 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 141.88 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.59 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 202.42 677.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 215.75 677.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 247.69 677.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.28 653.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 126.22 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.93 653.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 187.64 653.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 222.23 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.06 653.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 260.32 653.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 308.80 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 317.86 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.69 653.10 Td (PFIC, ) Tj ET Q q 0 0 0 rg BT 350.70 653.10 Td (it ) Tj ET Q q 0 0 0 rg BT 358.64 653.10 Td (will ) Tj ET Q q 0 0 0 rg BT 376.58 653.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.41 653.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 418.00 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.71 653.10 Td (earning ) Tj ET Q q 0 0 0 rg BT 461.08 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.91 653.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 510.30 653.10 Td (its ) Tj ET Q q 0 0 0 rg BT 522.13 653.10 Td (proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (share ) Tj ET Q q 0 0 0 rg BT 59.51 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 70.25 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.87 641.10 Td (income ) Tj ET Q q 0 0 0 rg BT 116.72 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.57 641.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 161.81 641.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 209.47 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.38 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.12 641.10 Td (any ) Tj ET Q q 0 0 0 rg BT 241.96 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.70 641.10 Td (its ) Tj ET Q q 0 0 0 rg BT 264.56 641.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 308.08 641.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 360.48 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.66 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 397.51 641.10 Td (it ) Tj ET Q q 0 0 0 rg BT 405.48 641.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 429.00 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 438.63 641.10 Td (least ) Tj ET Q q 0 0 0 rg BT 459.36 641.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 471.77 641.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 503.60 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.34 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.97 641.10 Td (value ) Tj ET Q q 0 0 0 rg BT 553.04 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.78 641.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 79.89 629.10 Td (s ) Tj ET Q q 0 0 0 rg BT 86.28 629.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 104.76 605.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 134.19 605.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.97 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.18 605.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 185.84 605.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 234.71 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.27 605.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 291.92 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 312.47 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.47 605.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 380.77 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.88 605.10 Td (services ) Tj ET Q q 0 0 0 rg BT 426.86 605.10 Td (would ) Tj ET Q q 0 0 0 rg BT 454.64 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 470.20 605.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 511.86 605.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 544.08 605.10 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (By ) Tj ET Q q 0 0 0 rg BT 50.20 593.10 Td (contrast, ) Tj ET Q q 0 0 0 rg BT 86.88 593.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 112.17 593.10 Td (income ) Tj ET Q q 0 0 0 rg BT 144.13 593.10 Td (would ) Tj ET Q q 0 0 0 rg BT 171.65 593.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 211.38 593.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 252.79 593.10 Td (passive ) Tj ET Q q 0 0 0 rg BT 289.19 593.10 Td (income ) Tj ET Q q 0 0 0 rg BT 325.59 593.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 353.11 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.86 593.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 399.26 593.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 447.88 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 457.08 593.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 486.80 593.10 Td (under ) Tj ET Q q 0 0 0 rg BT 512.10 593.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 545.72 593.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 567.68 593.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (deriving ) Tj ET Q q 0 0 0 rg BT 71.83 581.10 Td (its ) Tj ET Q q 0 0 0 rg BT 83.77 581.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 109.04 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 140.97 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.25 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.97 581.10 Td (active ) Tj ET Q q 0 0 0 rg BT 192.34 581.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 226.49 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.32 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.26 581.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 266.75 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.58 581.10 Td (business ) Tj ET Q q 0 0 0 rg BT 313.97 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.80 581.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 364.50 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.22 581.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 404.48 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 436.42 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.35 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.29 581.10 Td (related ) Tj ET Q q 0 0 0 rg BT 494.99 581.10 Td (party) Tj ET Q q 0 0 0 rg BT 514.89 581.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 98.72 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.00 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.49 557.10 Td (current ) Tj ET Q q 0 0 0 rg BT 156.09 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.81 557.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 218.95 557.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 258.44 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.05 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.66 557.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 312.77 557.10 Td (including ) Tj ET Q q 0 0 0 rg BT 352.82 557.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 393.16 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.88 557.10 Td (composition ) Tj ET Q q 0 0 0 rg BT 461.60 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.21 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.82 557.10 Td (income ) Tj ET Q q 0 0 0 rg BT 519.53 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.25 557.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 564.36 557.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 63.78 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 74.34 545.10 Td (take ) Tj ET Q q 0 0 0 rg BT 93.78 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.78 545.10 Td (position ) Tj ET Q q 0 0 0 rg BT 143.80 545.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 164.08 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.30 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.41 545.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 230.74 545.10 Td (Seward& ) Tj ET Q q 0 0 0 rg BT 273.80 545.10 Td (Kissel ) Tj ET Q q 0 0 0 rg BT 301.58 545.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 318.99 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.77 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.23 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.34 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.35 545.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 390.69 545.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 410.97 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 425.41 545.10 Td (will ) Tj ET Q q 0 0 0 rg BT 443.75 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 459.32 545.10 Td (be ) Tj ET Q q 0 0 0 rg BT 471.54 545.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 501.53 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.64 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.86 545.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 543.77 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 558.22 545.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 65.78 533.10 Td (income ) Tj ET Q q 0 0 0 rg BT 97.24 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 111.48 533.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 149.05 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.74 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.09 533.10 Td (current ) Tj ET Q q 0 0 0 rg BT 208.43 533.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 239.33 533.10 Td (year ) Tj ET Q q 0 0 0 rg BT 258.56 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 268.91 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.71 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.95 533.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 340.50 533.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 368.75 533.10 Td (This ) Tj ET Q q 0 0 0 rg BT 388.56 533.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 421.14 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.83 533.10 Td (based ) Tj ET Q q 0 0 0 rg BT 454.62 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.09 533.10 Td (its ) Tj ET Q q 0 0 0 rg BT 482.56 533.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 520.10 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.80 533.10 Td (conditioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 48.86 521.10 Td (representations, ) Tj ET Q q 0 0 0 rg BT 114.74 521.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 158.70 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.00 521.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 223.29 521.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 261.69 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 274.54 521.10 Td (us ) Tj ET Q q 0 0 0 rg BT 286.29 521.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 327.46 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.65 521.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.83 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.13 521.10 Td (income ) Tj ET Q q 0 0 0 rg BT 419.42 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.05 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.23 521.10 Td (counsel. ) Tj ET Q q 0 0 0 rg BT 481.93 521.10 Td (While ) Tj ET Q q 0 0 0 rg BT 509.22 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 523.73 521.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 555.46 521.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (representations, ) Tj ET Q q 0 0 0 rg BT 101.81 509.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 145.70 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.92 509.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 210.13 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.69 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 232.91 509.10 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 271.49 509.10 Td (no ) Tj ET Q q 0 0 0 rg BT 284.27 509.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 325.92 509.10 Td (can ) Tj ET Q q 0 0 0 rg BT 342.58 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 354.80 509.10 Td (given ) Tj ET Q q 0 0 0 rg BT 379.79 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 397.57 509.10 Td (they ) Tj ET Q q 0 0 0 rg BT 417.57 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 435.90 509.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 473.12 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.68 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.90 509.10 Td (accurate. ) Tj ET Q q 0 0 0 rg BT 534.48 509.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 573.51 509.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 50.01 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.24 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 86.37 497.10 Td (sought, ) Tj ET Q q 0 0 0 rg BT 117.89 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.67 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 148.68 497.10 Td (do ) Tj ET Q q 0 0 0 rg BT 161.03 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 176.16 497.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 204.61 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.74 497.10 Td (seek, ) Tj ET Q q 0 0 0 rg BT 237.35 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.14 497.10 Td (ruling ) Tj ET Q q 0 0 0 rg BT 270.38 497.10 Td (from ) Tj ET Q q 0 0 0 rg BT 292.17 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.73 497.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 340.18 497.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 377.51 497.10 Td (Service, ) Tj ET Q q 0 0 0 rg BT 412.35 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.03 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.60 497.10 Td (IRS, ) Tj ET Q q 0 0 0 rg BT 458.01 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.36 497.10 Td (this ) Tj ET Q q 0 0 0 rg BT 487.16 497.10 Td (matter) Tj ET Q q 0 0 0 rg BT 512.15 497.10 Td (. ) Tj ET Q q 0 0 0 rg BT 516.48 497.10 Td (As ) Tj ET Q q 0 0 0 rg BT 529.94 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.73 497.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 563.80 497.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 53.80 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 64.37 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.05 485.10 Td (court ) Tj ET Q q 0 0 0 rg BT 93.83 485.10 Td (could ) Tj ET Q q 0 0 0 rg BT 118.29 485.10 Td (disagree ) Tj ET Q q 0 0 0 rg BT 153.84 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 173.86 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.43 485.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 226.39 485.10 Td (No ) Tj ET Q q 0 0 0 rg BT 240.85 485.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 281.96 485.10 Td (can ) Tj ET Q q 0 0 0 rg BT 298.08 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 309.75 485.10 Td (given ) Tj ET Q q 0 0 0 rg BT 334.21 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.44 485.10 Td (this ) Tj ET Q q 0 0 0 rg BT 368.13 485.10 Td (result ) Tj ET Q q 0 0 0 rg BT 392.58 485.10 Td (will ) Tj ET Q q 0 0 0 rg BT 410.38 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 425.40 485.10 Td (occur) Tj ET Q q 0 0 0 rg BT 447.05 485.10 Td (. ) Tj ET Q q 0 0 0 rg BT 451.79 485.10 Td (In ) Tj ET Q q 0 0 0 rg BT 462.36 485.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 499.87 485.10 Td (although ) Tj ET Q q 0 0 0 rg BT 537.11 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 551.00 485.10 Td (intend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 46.13 473.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 80.14 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 95.82 473.10 Td (af) Tj ET Q q 0 0 0 rg BT 103.41 473.10 Td (fairs ) Tj ET Q q 0 0 0 rg BT 123.53 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.66 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.45 473.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 172.79 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.92 473.10 Td (avoid, ) Tj ET Q q 0 0 0 rg BT 209.99 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.12 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.69 473.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 261.48 473.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 299.11 473.10 Td (being ) Tj ET Q q 0 0 0 rg BT 323.68 473.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 363.79 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.48 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.27 473.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 404.74 473.10 Td (with ) Tj ET Q q 0 0 0 rg BT 424.87 473.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 455.54 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.67 473.10 Td (any ) Tj ET Q q 0 0 0 rg BT 482.46 473.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 513.69 473.10 Td (year) Tj ET Q q 0 0 0 rg BT 530.49 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 535.35 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 549.36 473.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 63.49 461.10 Td (you ) Tj ET Q q 0 0 0 rg BT 80.99 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.49 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.20 461.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 140.69 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.52 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.35 461.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 211.50 461.10 Td (will ) Tj ET Q q 0 0 0 rg BT 229.56 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 244.84 461.10 Td (change ) Tj ET Q q 0 0 0 rg BT 275.65 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.93 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.65 461.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 329.53 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.36 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 357.85 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 372.01 461.10 Td (can ) Tj ET Q q 0 0 0 rg BT 388.39 461.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 413.10 461.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 436.73 461.10 Td (status ) Tj ET Q q 0 0 0 rg BT 462.01 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.28 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.00 461.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (As ) Tj ET Q q 0 0 0 rg BT 84.88 437.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 124.99 437.10 Td (more ) Tj ET Q q 0 0 0 rg BT 147.30 437.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 167.96 437.10 Td (below) Tj ET Q q 0 0 0 rg BT 191.75 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.02 437.10 Td (if ) Tj ET Q q 0 0 0 rg BT 203.90 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 217.33 437.10 Td (were ) Tj ET Q q 0 0 0 rg BT 238.54 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.08 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.29 437.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 288.27 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.37 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.58 437.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 327.47 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.91 437.10 Td (any ) Tj ET Q q 0 0 0 rg BT 357.12 437.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 387.76 437.10 Td (year) Tj ET Q q 0 0 0 rg BT 404.57 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 408.84 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.05 437.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 434.60 437.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 464.14 437.10 Td (would ) Tj ET Q q 0 0 0 rg BT 490.91 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 502.12 437.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 532.22 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.77 437.10 Td (dif) Tj ET Q q 0 0 0 rg BT 552.70 437.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 71.17 425.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 93.57 425.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 138.18 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 151.14 425.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 186.30 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.48 425.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 222.22 425.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 252.95 425.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 281.45 425.10 Td (an ) Tj ET Q q 0 0 0 rg BT 293.85 425.10 Td (election ) Tj ET Q q 0 0 0 rg BT 328.46 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.19 425.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 359.91 425.10 Td (us ) Tj ET Q q 0 0 0 rg BT 371.76 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.05 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.45 425.10 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 435.61 425.10 Td (Electing ) Tj ET Q q 0 0 0 rg BT 471.89 425.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 502.34 425.10 Td (which ) Tj ET Q q 0 0 0 rg BT 529.74 425.10 Td (election ) Tj ET Q q 0 0 0 rg BT 564.35 425.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 58.05 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 69.00 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.51 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.13 413.10 Td (QEF ) Tj ET Q q 0 0 0 rg BT 114.64 413.10 Td (election. ) Tj ET Q q 0 0 0 rg BT 155.70 413.10 Td (As ) Tj ET Q q 0 0 0 rg BT 170.00 413.10 Td (an ) Tj ET Q q 0 0 0 rg BT 182.61 413.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 227.99 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.95 413.10 Td (making ) Tj ET Q q 0 0 0 rg BT 272.12 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.74 413.10 Td (QEF ) Tj ET Q q 0 0 0 rg BT 301.81 413.10 Td (election, ) Tj ET Q q 0 0 0 rg BT 339.14 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.75 413.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 367.72 413.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 398.66 413.10 Td (should ) Tj ET Q q 0 0 0 rg BT 428.51 413.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.13 413.10 Td (able ) Tj ET Q q 0 0 0 rg BT 460.96 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.92 413.10 Td (make ) Tj ET Q q 0 0 0 rg BT 496.75 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.37 413.10 Td (mark-to-market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (election ) Tj ET Q q 0 0 0 rg BT 70.15 401.10 Td (with ) Tj ET Q q 0 0 0 rg BT 90.43 401.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 121.24 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.52 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 147.35 401.10 Td (common ) Tj ET Q q 0 0 0 rg BT 184.85 401.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 214.84 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.67 401.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 266.50 401.10 Td (below) Tj ET Q q 0 0 0 rg BT 290.29 401.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (If ) Tj ET Q q 0 0 0 rg BT 80.90 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 94.79 377.10 Td (were ) Tj ET Q q 0 0 0 rg BT 116.46 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.47 377.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.15 377.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 167.59 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 178.15 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.83 377.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 208.19 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 222.08 377.10 Td (any ) Tj ET Q q 0 0 0 rg BT 238.76 377.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 269.87 377.10 Td (year) Tj ET Q q 0 0 0 rg BT 286.67 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.41 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.08 377.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 318.10 377.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 348.11 377.10 Td (would ) Tj ET Q q 0 0 0 rg BT 375.34 377.10 Td (be ) Tj ET Q q 0 0 0 rg BT 387.02 377.10 Td (required ) Tj ET Q q 0 0 0 rg BT 422.57 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.59 377.10 Td (file ) Tj ET Q q 0 0 0 rg BT 448.15 377.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 465.95 377.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 489.85 377.10 Td (8621 ) Tj ET Q q 0 0 0 rg BT 512.09 377.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.10 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.56 377.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 564.35 377.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 53.50 365.10 Td (year ) Tj ET Q q 0 0 0 rg BT 73.20 365.10 Td (with ) Tj ET Q q 0 0 0 rg BT 93.48 365.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 124.30 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.57 365.10 Td (such ) Tj ET Q q 0 0 0 rg BT 155.40 365.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 175.69 365.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 203.83 365.10 Td () Tj ET Q q 0 0 0 rg BT 206.61 365.10 Td (s ) Tj ET Q q 0 0 0 rg BT 213.00 365.10 Td (common ) Tj ET Q q 0 0 0 rg BT 250.49 365.10 Td (shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.19 341.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 110.81 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.64 341.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 141.92 341.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 177.20 341.10 Td (Making ) Tj ET Q q 0 0 0 rg BT 211.93 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.43 341.10 Td (T) Tj ET Q q 0 0 0 rg BT 225.17 341.10 Td (imely ) Tj ET Q q 0 0 0 rg BT 249.88 341.10 Td (QEF) Tj ET Q q 0 0 0 rg BT 270.26 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.76 341.10 Td (Election) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.10 Td (If ) Tj ET Q q 0 0 0 rg BT 80.84 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.45 317.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 107.41 317.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 137.36 317.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 165.08 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.70 317.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 199.42 317.10 Td (QEF ) Tj ET Q q 0 0 0 rg BT 220.49 317.10 Td (election, ) Tj ET Q q 0 0 0 rg BT 256.82 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 283.44 317.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 303.40 317.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 333.34 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.18 317.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 368.22 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.18 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.68 317.10 Td (an ) Tj ET Q q 0 0 0 rg BT 400.30 317.10 Td (Electing ) Tj ET Q q 0 0 0 rg BT 440.23 317.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 467.60 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.72 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.11 317.10 Td (Electing ) Tj ET Q q 0 0 0 rg BT 526.61 317.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 556.55 317.10 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (report ) Tj ET Q q 0 0 0 rg BT 62.11 305.10 Td (each ) Tj ET Q q 0 0 0 rg BT 82.66 305.10 Td (year ) Tj ET Q q 0 0 0 rg BT 102.11 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 116.00 305.10 Td (United ) Tj ET Q q 0 0 0 rg BT 145.45 305.10 Td (States ) Tj ET Q q 0 0 0 rg BT 171.58 305.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 201.56 305.10 Td (income ) Tj ET Q q 0 0 0 rg BT 233.23 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 247.69 305.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 285.47 305.10 Td (his ) Tj ET Q q 0 0 0 rg BT 299.38 305.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 314.94 305.10 Td (rata ) Tj ET Q q 0 0 0 rg BT 332.16 305.10 Td (share ) Tj ET Q q 0 0 0 rg BT 355.50 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.06 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 381.63 305.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 417.74 305.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 453.85 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.53 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.09 305.10 Td (net ) Tj ET Q q 0 0 0 rg BT 500.54 305.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 529.43 305.10 Td (gain, ) Tj ET Q q 0 0 0 rg BT 551.38 305.10 Td (if ) Tj ET Q q 0 0 0 rg BT 559.73 305.10 Td (any) Tj ET Q q 0 0 0 rg BT 573.52 305.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 50.86 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 67.38 293.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 99.45 293.10 Td (year ) Tj ET Q q 0 0 0 rg BT 119.85 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.04 293.10 Td (ends ) Tj ET Q q 0 0 0 rg BT 159.57 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 180.54 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 192.07 293.10 Td (within ) Tj ET Q q 0 0 0 rg BT 220.82 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.23 293.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 268.30 293.10 Td (year ) Tj ET Q q 0 0 0 rg BT 288.71 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.23 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.64 293.10 Td (Electing ) Tj ET Q q 0 0 0 rg BT 352.16 293.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 379.53 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.22 293.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 428.96 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.48 293.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 475.89 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.41 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 503.39 293.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 556.59 293.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (received ) Tj ET Q q 0 0 0 rg BT 71.94 281.10 Td (from ) Tj ET Q q 0 0 0 rg BT 93.46 281.10 Td (us ) Tj ET Q q 0 0 0 rg BT 104.44 281.10 Td (by ) Tj ET Q q 0 0 0 rg BT 116.52 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.82 281.10 Td (Electing ) Tj ET Q q 0 0 0 rg BT 166.22 281.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 193.44 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 197.87 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 215.49 281.10 Td (Electing ) Tj ET Q q 0 0 0 rg BT 250.90 281.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 279.04 281.10 Td () Tj ET Q q 0 0 0 rg BT 281.81 281.10 Td (s ) Tj ET Q q 0 0 0 rg BT 287.79 281.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 323.19 281.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 337.49 281.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 359.57 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.43 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.73 281.10 Td (common ) Tj ET Q q 0 0 0 rg BT 420.81 281.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 447.88 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 465.52 281.10 Td (be ) Tj ET Q q 0 0 0 rg BT 477.04 281.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 516.87 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.73 281.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 554.35 281.10 Td (taxed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (but ) Tj ET Q q 0 0 0 rg BT 51.05 269.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 106.10 269.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 142.24 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.96 269.10 Td (profits. ) Tj ET Q q 0 0 0 rg BT 189.84 269.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 244.33 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.94 269.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 291.08 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.80 269.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 336.18 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 353.44 269.10 Td (had ) Tj ET Q q 0 0 0 rg BT 370.15 269.10 Td (been ) Tj ET Q q 0 0 0 rg BT 391.30 269.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 435.79 269.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 459.72 269.10 Td (will ) Tj ET Q q 0 0 0 rg BT 477.55 269.10 Td (result ) Tj ET Q q 0 0 0 rg BT 502.04 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 512.09 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.80 269.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 75.67 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.36 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.48 257.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 134.71 257.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.83 257.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 170.74 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.43 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.55 257.10 Td (common ) Tj ET Q q 0 0 0 rg BT 231.45 257.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 258.35 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.69 257.10 Td (will ) Tj ET Q q 0 0 0 rg BT 292.16 257.10 Td (not ) Tj ET Q q 0 0 0 rg BT 306.84 257.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.19 257.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 341.75 257.10 Td (again ) Tj ET Q q 0 0 0 rg BT 365.31 257.10 Td (once ) Tj ET Q q 0 0 0 rg BT 386.10 257.10 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 432.85 257.10 Td (An ) Tj ET Q q 0 0 0 rg BT 446.98 257.10 Td (Electing ) Tj ET Q q 0 0 0 rg BT 482.21 257.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 511.89 257.10 Td (would ) Tj ET Q q 0 0 0 rg BT 538.79 257.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 76.82 245.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 105.43 245.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 124.60 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.89 245.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 152.41 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.37 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.54 245.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 198.55 245.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 238.26 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.55 245.10 Td (other ) Tj ET Q q 0 0 0 rg BT 271.05 245.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 316.91 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.20 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.48 245.10 Td (common ) Tj ET Q q 0 0 0 rg BT 379.44 245.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 408.45 245.10 Td (A) Tj ET Q q 0 0 0 rg BT 415.12 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.08 245.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 436.82 245.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 466.55 245.10 Td (would ) Tj ET Q q 0 0 0 rg BT 493.51 245.10 Td (make ) Tj ET Q q 0 0 0 rg BT 517.12 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.52 245.10 Td (QEF ) Tj ET Q q 0 0 0 rg BT 544.37 245.10 Td (election ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 55.87 233.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 86.27 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.14 233.10 Td (any ) Tj ET Q q 0 0 0 rg BT 112.67 233.10 Td (year ) Tj ET Q q 0 0 0 rg BT 131.96 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.05 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.46 233.10 Td (company ) Tj ET Q q 0 0 0 rg BT 203.21 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 211.97 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.50 233.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 241.71 233.10 Td (by ) Tj ET Q q 0 0 0 rg BT 253.80 233.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 277.55 233.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 295.20 233.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 318.96 233.10 Td (8621 ) Tj ET Q q 0 0 0 rg BT 341.05 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 360.92 233.10 Td (his ) Tj ET Q q 0 0 0 rg BT 374.67 233.10 Td (United ) Tj ET Q q 0 0 0 rg BT 403.98 233.10 Td (States ) Tj ET Q q 0 0 0 rg BT 429.96 233.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 459.80 233.10 Td (income ) Tj ET Q q 0 0 0 rg BT 491.32 233.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.63 233.10 Td (return. ) Tj ET Q q 0 0 0 rg BT 534.09 233.10 Td (If ) Tj ET Q q 0 0 0 rg BT 542.84 233.10 Td (we ) Tj ET Q q 0 0 0 rg BT 556.59 233.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 61.82 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 78.78 221.10 Td (we ) Tj ET Q q 0 0 0 rg BT 92.39 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.68 221.10 Td (any ) Tj ET Q q 0 0 0 rg BT 119.08 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.36 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.65 221.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 193.82 221.10 Td (were ) Tj ET Q q 0 0 0 rg BT 215.21 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.95 221.10 Td (be ) Tj ET Q q 0 0 0 rg BT 236.34 221.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 265.50 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.79 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 282.18 221.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 305.26 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.88 221.10 Td (any ) Tj ET Q q 0 0 0 rg BT 335.28 221.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 366.10 221.10 Td (year) Tj ET Q q 0 0 0 rg BT 382.91 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 387.37 221.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.99 221.10 Td (would, ) Tj ET Q q 0 0 0 rg BT 430.44 221.10 Td (if ) Tj ET Q q 0 0 0 rg BT 438.51 221.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 475.74 221.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 508.25 221.10 Td (each ) Tj ET Q q 0 0 0 rg BT 528.52 221.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 548.26 221.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (with ) Tj ET Q q 0 0 0 rg BT 56.77 209.10 Td (all ) Tj ET Q q 0 0 0 rg BT 69.76 209.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 111.62 209.10 Td (information ) Tj ET Q q 0 0 0 rg BT 161.83 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.60 209.10 Td (order ) Tj ET Q q 0 0 0 rg BT 196.69 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.46 209.10 Td (make ) Tj ET Q q 0 0 0 rg BT 232.11 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.32 209.10 Td (QEF ) Tj ET Q q 0 0 0 rg BT 269.20 209.10 Td (election ) Tj ET Q q 0 0 0 rg BT 303.85 209.10 Td (described ) Tj ET Q q 0 0 0 rg BT 345.16 209.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 374.53 209.10 Td (If ) Tj ET Q q 0 0 0 rg BT 384.18 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 398.83 209.10 Td (were ) Tj ET Q q 0 0 0 rg BT 421.25 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.03 209.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.46 209.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 474.65 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 485.98 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.41 209.10 Td (PFIC, ) Tj ET Q q 0 0 0 rg BT 520.02 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.46 209.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 548.23 209.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (would ) Tj ET Q q 0 0 0 rg BT 63.44 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 75.31 197.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 104.95 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 115.72 197.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 148.15 197.10 Td (his ) Tj ET Q q 0 0 0 rg BT 162.26 197.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 218.57 197.10 Td (share ) Tj ET Q q 0 0 0 rg BT 242.10 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.87 197.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.42 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.63 197.10 Td (each ) Tj ET Q q 0 0 0 rg BT 307.38 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.15 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.92 197.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 383.57 197.10 Td (which ) Tj ET Q q 0 0 0 rg BT 410.44 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 419.55 197.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 449.19 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.96 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.83 197.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 490.39 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.26 197.10 Td (such ) Tj ET Q q 0 0 0 rg BT 528.03 197.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 548.25 197.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (would ) Tj ET Q q 0 0 0 rg BT 64.37 185.10 Td (need ) Tj ET Q q 0 0 0 rg BT 86.63 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.78 185.10 Td (make ) Tj ET Q q 0 0 0 rg BT 122.81 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.62 185.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 166.75 185.10 Td (QEF ) Tj ET Q q 0 0 0 rg BT 189.01 185.10 Td (election ) Tj ET Q q 0 0 0 rg BT 224.04 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.07 185.10 Td (any ) Tj ET Q q 0 0 0 rg BT 256.88 185.10 Td (such ) Tj ET Q q 0 0 0 rg BT 278.59 185.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 331.68 185.10 Td (It ) Tj ET Q q 0 0 0 rg BT 341.16 185.10 Td (should ) Tj ET Q q 0 0 0 rg BT 371.21 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 384.02 185.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 409.61 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.98 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 443.01 185.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.60 185.10 Td (not ) Tj ET Q q 0 0 0 rg BT 479.75 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.57 185.10 Td (able ) Tj ET Q q 0 0 0 rg BT 512.60 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.75 185.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 557.67 185.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (information ) Tj ET Q q 0 0 0 rg BT 85.71 173.10 Td (if ) Tj ET Q q 0 0 0 rg BT 94.32 173.10 Td (we ) Tj ET Q q 0 0 0 rg BT 108.48 173.10 Td (did ) Tj ET Q q 0 0 0 rg BT 123.76 173.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.04 173.10 Td (become ) Tj ET Q q 0 0 0 rg BT 172.63 173.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 199.00 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.83 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.66 173.10 Td (status ) Tj ET Q q 0 0 0 rg BT 250.94 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 261.77 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.71 173.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 292.33 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.61 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.54 173.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 337.60 173.10 Td (manner) Tj ET Q q 0 0 0 rg BT 367.03 173.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 149.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.19 149.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 110.81 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.64 149.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 141.92 149.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 177.20 149.10 Td (Making ) Tj ET Q q 0 0 0 rg BT 211.93 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.43 149.10 Td (Mark-to-Market ) Tj ET Q q 0 0 0 rg BT 299.15 149.10 Td (Election) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 124.11 125.10 Td (, ) Tj ET Q q 0 0 0 rg BT 128.72 125.10 Td (if ) Tj ET Q q 0 0 0 rg BT 136.93 125.10 Td (we ) Tj ET Q q 0 0 0 rg BT 150.70 125.10 Td (were ) Tj ET Q q 0 0 0 rg BT 172.24 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.13 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 193.67 125.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 222.98 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 233.42 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.97 125.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 263.20 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.97 125.10 Td (any ) Tj ET Q q 0 0 0 rg BT 293.52 125.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 324.50 125.10 Td (year ) Tj ET Q q 0 0 0 rg BT 343.81 125.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 362.86 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.30 125.10 Td (we ) Tj ET Q q 0 0 0 rg BT 387.07 125.10 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 430.54 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 445.98 125.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 473.08 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.39 125.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 516.71 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.14 125.10 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 67.22 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.84 113.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 95.79 113.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 126.74 113.10 Td (would ) Tj ET Q q 0 0 0 rg BT 154.91 113.10 Td (be ) Tj ET Q q 0 0 0 rg BT 167.53 113.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 202.36 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.31 113.10 Td (make ) Tj ET Q q 0 0 0 rg BT 238.14 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.76 113.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 320.56 113.10 Td (election ) Tj ET Q q 0 0 0 rg BT 355.38 113.10 Td (with ) Tj ET Q q 0 0 0 rg BT 376.34 113.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 407.83 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.78 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.29 113.10 Td (common ) Tj ET Q q 0 0 0 rg BT 473.46 113.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 504.12 113.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 542.84 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 558.24 113.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 65.96 101.10 Td (completes ) Tj ET Q q 0 0 0 rg BT 108.70 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.33 101.10 Td (files ) Tj ET Q q 0 0 0 rg BT 144.74 101.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 162.49 101.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 186.35 101.10 Td (8621 ) Tj ET Q q 0 0 0 rg BT 208.54 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.51 101.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 265.67 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 285.64 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.05 101.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 334.44 101.10 Td (instructions ) Tj ET Q q 0 0 0 rg BT 383.30 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.93 101.10 Td (related ) Tj ET Q q 0 0 0 rg BT 429.17 101.10 Td (T) Tj ET Q q 0 0 0 rg BT 434.92 101.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 466.54 101.10 Td (Regulations. ) Tj ET Q q 0 0 0 rg BT 518.85 101.10 Td (The ) Tj ET Q q 0 0 0 rg BT 536.59 101.10 Td (mark-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (market ) Tj ET Q q 0 0 0 rg BT 71.06 89.10 Td (election ) Tj ET Q q 0 0 0 rg BT 105.58 89.10 Td (will ) Tj ET Q q 0 0 0 rg BT 123.99 89.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.63 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 151.93 89.10 Td (available ) Tj ET Q q 0 0 0 rg BT 190.88 89.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.40 89.10 Td (any ) Tj ET Q q 0 0 0 rg BT 222.70 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.90 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.09 89.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 302.67 89.10 Td (If ) Tj ET Q q 0 0 0 rg BT 312.19 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 330.04 89.10 Td (election ) Tj ET Q q 0 0 0 rg BT 364.55 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 374.09 89.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 401.10 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.18 89.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 436.83 89.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 467.46 89.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 507.52 89.10 Td (would ) Tj ET Q q 0 0 0 rg BT 535.38 89.10 Td (include ) Tj ET Q q 0 0 0 rg BT 567.67 89.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 72.13 77.10 Td (income ) Tj ET Q q 0 0 0 rg BT 103.83 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.86 77.10 Td (each ) Tj ET Q q 0 0 0 rg BT 134.43 77.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 165.56 77.10 Td (year ) Tj ET Q q 0 0 0 rg BT 185.03 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.50 77.10 Td (excess, ) Tj ET Q q 0 0 0 rg BT 230.36 77.10 Td (if ) Tj ET Q q 0 0 0 rg BT 238.72 77.10 Td (any) Tj ET Q q 0 0 0 rg BT 252.51 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 257.27 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.86 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.33 77.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 298.47 77.10 Td (market ) Tj ET Q q 0 0 0 rg BT 328.49 77.10 Td (value ) Tj ET Q q 0 0 0 rg BT 352.40 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.99 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.46 77.10 Td (common ) Tj ET Q q 0 0 0 rg BT 414.71 77.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 441.96 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 451.43 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.91 77.10 Td (end ) Tj ET Q q 0 0 0 rg BT 482.60 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.19 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.67 77.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 538.80 77.10 Td (year ) Tj ET Q q 0 0 0 rg BT 558.26 77.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (such ) Tj ET Q q 0 0 0 rg BT 56.38 65.10 Td (holder) Tj ET Q q 0 0 0 rg BT 82.30 65.10 Td () Tj ET Q q 0 0 0 rg BT 85.08 65.10 Td (s ) Tj ET Q q 0 0 0 rg BT 91.02 65.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 126.39 65.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 140.66 65.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 162.71 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.54 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.80 65.10 Td (common ) Tj ET Q q 0 0 0 rg BT 223.85 65.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 253.24 65.10 Td (The ) Tj ET Q q 0 0 0 rg BT 270.84 65.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 290.67 65.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 320.49 65.10 Td (would ) Tj ET Q q 0 0 0 rg BT 347.54 65.10 Td (also ) Tj ET Q q 0 0 0 rg BT 365.70 65.10 Td (be ) Tj ET Q q 0 0 0 rg BT 377.18 65.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 417.55 65.10 Td (an ) Tj ET Q q 0 0 0 rg BT 429.04 65.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 464.97 65.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 482.58 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.41 65.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 522.77 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.15 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 547.42 65.10 Td (excess, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (if ) Tj ET Q q 0 0 0 rg BT 44.61 53.10 Td (any) Tj ET Q q 0 0 0 rg BT 58.40 53.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.40 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.23 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.94 53.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 109.23 53.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 137.37 53.10 Td () Tj ET Q q 0 0 0 rg BT 140.15 53.10 Td (s ) Tj ET Q q 0 0 0 rg BT 146.54 53.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 182.36 53.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 197.08 53.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 219.58 53.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.86 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.57 53.10 Td (common ) Tj ET Q q 0 0 0 rg BT 282.07 53.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.56 53.10 Td (over ) Tj ET Q q 0 0 0 rg BT 329.83 53.10 Td (its ) Tj ET Q q 0 0 0 rg BT 341.78 53.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 358.15 53.10 Td (market ) Tj ET Q q 0 0 0 rg BT 388.42 53.10 Td (value ) Tj ET Q q 0 0 0 rg BT 412.57 53.10 Td (at ) Tj ET Q q 0 0 0 rg BT 422.29 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.01 53.10 Td (end ) Tj ET Q q 0 0 0 rg BT 453.94 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.77 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.49 53.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 510.86 53.10 Td (year) Tj ET Q q 0 0 0 rg BT 527.67 53.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.67 53.10 Td (but ) Tj ET Q q 0 0 0 rg BT 547.95 53.10 Td (only ) Tj ET Q q 0 0 0 rg BT 568.23 53.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (the ) Tj ET Q q 0 0 0 rg BT 51.00 41.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 78.21 41.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.33 41.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.33 41.10 Td (net ) Tj ET Q q 0 0 0 rg BT 119.33 41.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 152.10 41.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 197.10 41.10 Td (included ) Tj ET Q q 0 0 0 rg BT 234.32 41.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.88 41.10 Td (income ) Tj ET Q q 0 0 0 rg BT 277.09 41.10 Td (as ) Tj ET Q q 0 0 0 rg BT 288.21 41.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.43 41.10 Td (result ) Tj ET Q q 0 0 0 rg BT 320.43 41.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.54 41.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.54 41.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 412.07 41.10 Td (election. ) Tj ET Q q 0 0 0 rg BT 448.39 41.10 Td (A) Tj ET Q q 0 0 0 rg BT 455.06 41.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.84 41.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 478.40 41.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 506.54 41.10 Td () Tj ET Q q 0 0 0 rg BT 509.32 41.10 Td (s ) Tj ET Q q 0 0 0 rg BT 516.00 41.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 531.00 41.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 553.78 41.10 Td (in ) Tj ET Q q 0 0 0 rg BT 564.34 41.10 Td (his ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (common ) Tj ET Q q 0 0 0 rg BT 73.28 749.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 100.55 749.10 Td (would ) Tj ET Q q 0 0 0 rg BT 127.83 749.10 Td (be ) Tj ET Q q 0 0 0 rg BT 139.54 749.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 175.15 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.21 749.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 213.02 749.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.74 749.10 Td (such ) Tj ET Q q 0 0 0 rg BT 250.35 749.10 Td (income ) Tj ET Q q 0 0 0 rg BT 282.06 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.67 749.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 310.52 749.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 345.29 749.10 Td (Gain ) Tj ET Q q 0 0 0 rg BT 367.01 749.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 400.93 749.10 Td (on ) Tj ET Q q 0 0 0 rg BT 413.21 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.71 749.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 448.04 749.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 488.07 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.68 749.10 Td (other ) Tj ET Q q 0 0 0 rg BT 521.51 749.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 567.68 749.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (our ) Tj ET Q q 0 0 0 rg BT 51.53 737.10 Td (common ) Tj ET Q q 0 0 0 rg BT 88.73 737.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 115.93 737.10 Td (would ) Tj ET Q q 0 0 0 rg BT 143.13 737.10 Td (be ) Tj ET Q q 0 0 0 rg BT 154.78 737.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 184.18 737.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.72 737.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 230.80 737.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 264.94 737.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.58 737.10 Td (any ) Tj ET Q q 0 0 0 rg BT 298.22 737.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 315.99 737.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 349.84 737.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.04 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.46 737.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 396.71 737.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 436.67 737.10 Td (or ) Tj ET Q q 0 0 0 rg BT 447.21 737.10 Td (other ) Tj ET Q q 0 0 0 rg BT 469.96 737.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 516.06 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.59 737.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.01 737.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 63.29 725.10 Td (would ) Tj ET Q q 0 0 0 rg BT 90.60 725.10 Td (be ) Tj ET Q q 0 0 0 rg BT 102.34 725.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 131.85 725.10 Td (as ) Tj ET Q q 0 0 0 rg BT 142.48 725.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 178.67 725.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 196.53 725.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.62 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.14 725.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 247.88 725.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.17 725.10 Td (such ) Tj ET Q q 0 0 0 rg BT 285.81 725.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 303.68 725.10 Td (does ) Tj ET Q q 0 0 0 rg BT 324.31 725.10 Td (not ) Tj ET Q q 0 0 0 rg BT 339.39 725.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 369.45 725.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.97 725.10 Td (net ) Tj ET Q q 0 0 0 rg BT 398.50 725.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 463.55 725.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 486.96 725.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 531.48 725.10 Td (included ) Tj ET Q q 0 0 0 rg BT 568.22 725.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (income ) Tj ET Q q 0 0 0 rg BT 67.88 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 80.32 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.98 713.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 115.21 713.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 142.43 713.10 Td (. ) Tj ET Q q 0 0 0 rg BT 147.37 713.10 Td (It ) Tj ET Q q 0 0 0 rg BT 155.92 713.10 Td (should ) Tj ET Q q 0 0 0 rg BT 185.04 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.92 713.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 221.58 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 239.02 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.68 713.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 318.87 713.10 Td (election ) Tj ET Q q 0 0 0 rg BT 352.97 713.10 Td (would ) Tj ET Q q 0 0 0 rg BT 380.41 713.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 405.63 713.10 Td (not ) Tj ET Q q 0 0 0 rg BT 420.85 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 432.73 713.10 Td (available ) Tj ET Q q 0 0 0 rg BT 471.26 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.37 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 502.25 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.02 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.80 713.10 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (which ) Tj ET Q q 0 0 0 rg BT 62.94 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 77.65 701.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 107.35 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.18 701.10 Td (PFICs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.19 677.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 110.81 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.64 677.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 141.92 677.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 177.20 677.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 194.70 677.10 Td (Making ) Tj ET Q q 0 0 0 rg BT 229.43 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.93 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 242.67 677.10 Td (imely ) Tj ET Q q 0 0 0 rg BT 267.38 677.10 Td (QEF) Tj ET Q q 0 0 0 rg BT 287.76 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.26 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.65 677.10 Td (Mark-to-Market ) Tj ET Q q 0 0 0 rg BT 371.38 677.10 Td (Election) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 99.69 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 105.01 653.10 Td (if ) Tj ET Q q 0 0 0 rg BT 113.95 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 128.44 653.10 Td (were ) Tj ET Q q 0 0 0 rg BT 150.70 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.30 653.10 Td (be ) Tj ET Q q 0 0 0 rg BT 173.57 653.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 203.60 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.76 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.03 653.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 245.98 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 260.47 653.10 Td (any ) Tj ET Q q 0 0 0 rg BT 277.74 653.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 309.44 653.10 Td (year) Tj ET Q q 0 0 0 rg BT 326.24 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 331.57 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 338.84 653.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 359.45 653.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 390.05 653.10 Td (who ) Tj ET Q q 0 0 0 rg BT 410.10 653.10 Td (does ) Tj ET Q q 0 0 0 rg BT 431.26 653.10 Td (not ) Tj ET Q q 0 0 0 rg BT 446.86 653.10 Td (make ) Tj ET Q q 0 0 0 rg BT 471.35 653.10 Td (either ) Tj ET Q q 0 0 0 rg BT 496.94 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.21 653.10 Td (QEF ) Tj ET Q q 0 0 0 rg BT 525.93 653.10 Td (election ) Tj ET Q q 0 0 0 rg BT 560.41 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 571.56 653.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 110.03 641.10 Td (election ) Tj ET Q q 0 0 0 rg BT 144.08 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.14 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.54 641.10 Td (year) Tj ET Q q 0 0 0 rg BT 192.35 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.25 641.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 224.65 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 238.71 641.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 259.98 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.17 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.90 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.74 641.10 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 348.45 641.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 375.82 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.16 641.10 Td (would ) Tj ET Q q 0 0 0 rg BT 412.56 641.10 Td (be ) Tj ET Q q 0 0 0 rg BT 424.40 641.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 455.13 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.31 641.10 Td (special ) Tj ET Q q 0 0 0 rg BT 495.48 641.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 517.32 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 537.50 641.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 568.22 641.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (\(1\)any ) Tj ET Q q 0 0 0 rg BT 66.86 629.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 95.21 629.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 143.58 629.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 163.89 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.36 629.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 209.50 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.09 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 236.79 629.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 289.05 629.10 Td (received ) Tj ET Q q 0 0 0 rg BT 325.17 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 337.43 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.90 629.10 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 408.03 629.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 438.06 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 450.31 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.90 629.10 Td (common ) Tj ET Q q 0 0 0 rg BT 503.15 629.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 530.40 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.44 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 547.13 629.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (year ) Tj ET Q q 0 0 0 rg BT 56.30 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 67.17 617.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 96.37 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.79 617.10 Td (125 ) Tj ET Q q 0 0 0 rg BT 125.89 617.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 158.41 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.83 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.14 617.10 Td (average ) Tj ET Q q 0 0 0 rg BT 219.32 617.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 249.07 617.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 302.17 617.10 Td (received ) Tj ET Q q 0 0 0 rg BT 339.13 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.22 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.53 617.10 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 424.50 617.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 455.36 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.24 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.55 617.10 Td (three ) Tj ET Q q 0 0 0 rg BT 504.63 617.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 547.15 617.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 61.98 605.10 Td (or) Tj ET Q q 0 0 0 rg BT 69.91 605.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.79 605.10 Td (if ) Tj ET Q q 0 0 0 rg BT 83.27 605.10 Td (shorter) Tj ET Q q 0 0 0 rg BT 110.64 605.10 Td (, ) Tj ET Q q 0 0 0 rg BT 115.52 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.12 605.10 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 186.37 605.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 214.51 605.10 Td () Tj ET Q q 0 0 0 rg BT 217.29 605.10 Td (s ) Tj ET Q q 0 0 0 rg BT 223.56 605.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 256.50 605.10 Td (period ) Tj ET Q q 0 0 0 rg BT 284.42 605.10 Td (before ) Tj ET Q q 0 0 0 rg BT 312.34 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.93 605.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 358.19 605.10 Td (year ) Tj ET Q q 0 0 0 rg BT 377.77 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.81 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.41 605.10 Td (common ) Tj ET Q q 0 0 0 rg BT 443.78 605.10 Td (shares\), ) Tj ET Q q 0 0 0 rg BT 476.98 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.80 605.10 Td (\(2\)any ) Tj ET Q q 0 0 0 rg BT 524.78 605.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 544.37 605.10 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 48.50 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.22 593.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 83.76 593.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 124.02 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.85 593.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.89 593.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 204.29 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.12 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 230.95 593.10 Td (common ) Tj ET Q q 0 0 0 rg BT 268.45 593.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 298.44 593.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 325.93 593.10 Td (these ) Tj ET Q q 0 0 0 rg BT 348.97 593.10 Td (special ) Tj ET Q q 0 0 0 rg BT 379.24 593.10 Td (rules:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.40 569.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 150.69 569.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 198.99 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.51 569.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 228.91 569.10 Td (would ) Tj ET Q q 0 0 0 rg BT 256.10 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 267.73 569.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 306.00 569.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 335.95 569.10 Td (over ) Tj ET Q q 0 0 0 rg BT 355.91 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.31 569.10 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 426.37 569.10 Td (Holders) Tj ET Q q 0 0 0 rg BT 460.62 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.81 569.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 503.86 569.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 536.60 569.10 Td (period ) Tj ET Q q 0 0 0 rg BT 564.34 569.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 557.10 Td (common ) Tj ET Q q 0 0 0 rg BT 160.21 557.10 Td (shares;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.35 545.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 156.48 545.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 195.70 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.61 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.96 545.10 Td (current ) Tj ET Q q 0 0 0 rg BT 253.41 545.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 285.41 545.10 Td (year ) Tj ET Q q 0 0 0 rg BT 305.75 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.32 545.10 Td (any ) Tj ET Q q 0 0 0 rg BT 340.89 545.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 372.90 545.10 Td (year ) Tj ET Q q 0 0 0 rg BT 393.23 545.10 Td (before ) Tj ET Q q 0 0 0 rg BT 421.90 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 436.70 545.10 Td (became ) Tj ET Q q 0 0 0 rg BT 470.36 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.93 545.10 Td (PFIC ) Tj ET Q q 0 0 0 rg BT 502.19 545.10 Td (would ) Tj ET Q q 0 0 0 rg BT 530.32 545.10 Td (be ) Tj ET Q q 0 0 0 rg BT 542.89 545.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 567.68 545.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 533.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 144.38 533.10 Td (income; ) Tj ET Q q 0 0 0 rg BT 179.09 533.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.00 521.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 155.77 521.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 194.64 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.20 521.10 Td (each ) Tj ET Q q 0 0 0 rg BT 226.29 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.40 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.40 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 275.73 521.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 307.38 521.10 Td (years ) Tj ET Q q 0 0 0 rg BT 331.26 521.10 Td (would ) Tj ET Q q 0 0 0 rg BT 359.04 521.10 Td (be ) Tj ET Q q 0 0 0 rg BT 371.25 521.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 402.36 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.92 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.91 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 437.91 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.91 521.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 484.57 521.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 502.34 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.45 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 528.45 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.00 521.10 Td (ef) Tj ET Q q 0 0 0 rg BT 546.59 521.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 564.36 521.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.84 509.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 164.55 509.10 Td (class ) Tj ET Q q 0 0 0 rg BT 185.61 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.56 509.10 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 231.60 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.88 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.50 509.10 Td (year) Tj ET Q q 0 0 0 rg BT 278.31 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.43 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.49 509.10 Td (an ) Tj ET Q q 0 0 0 rg BT 309.55 509.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 340.60 509.10 Td (char) Tj ET Q q 0 0 0 rg BT 357.63 509.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 368.69 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.97 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.81 509.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 428.52 509.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 442.36 509.10 Td (deferral ) Tj ET Q q 0 0 0 rg BT 475.07 509.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 504.45 509.10 Td (would ) Tj ET Q q 0 0 0 rg BT 531.07 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 542.13 509.10 Td (imposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.28 497.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 159.09 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.37 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.09 497.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 221.58 497.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.30 497.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 284.34 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.62 497.10 Td (each ) Tj ET Q q 0 0 0 rg BT 315.43 497.10 Td (such ) Tj ET Q q 0 0 0 rg BT 336.26 497.10 Td (other ) Tj ET Q q 0 0 0 rg BT 359.31 497.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 390.68 497.10 Td (year) Tj ET Q q 0 0 0 rg BT 407.34 497.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (These ) Tj ET Q q 0 0 0 rg BT 98.54 473.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 120.65 473.10 Td (would ) Tj ET Q q 0 0 0 rg BT 148.31 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.75 473.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 188.64 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.08 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.18 473.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 239.96 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.95 473.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 275.83 473.10 Td (sharing ) Tj ET Q q 0 0 0 rg BT 307.94 473.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 328.38 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.38 473.10 Td (other ) Tj ET Q q 0 0 0 rg BT 362.59 473.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 410.23 473.10 Td (or) Tj ET Q q 0 0 0 rg BT 418.38 473.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 462.70 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 480.36 473.10 Td (did ) Tj ET Q q 0 0 0 rg BT 495.80 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 511.24 473.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 542.79 473.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 567.68 473.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 77.51 461.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 105.13 461.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 141.63 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.04 461.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 198.54 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 218.95 461.10 Td (its ) Tj ET Q q 0 0 0 rg BT 231.03 461.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 277.54 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.50 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.47 461.10 Td (common ) Tj ET Q q 0 0 0 rg BT 342.09 461.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 372.22 461.10 Td (If ) Tj ET Q q 0 0 0 rg BT 381.51 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.58 461.10 Td (Non-Electing ) Tj ET Q q 0 0 0 rg BT 445.08 461.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 475.48 461.10 Td (who ) Tj ET Q q 0 0 0 rg BT 495.34 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.64 461.10 Td (an ) Tj ET Q q 0 0 0 rg BT 516.71 461.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 559.89 461.10 Td (dies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (while ) Tj ET Q q 0 0 0 rg BT 60.38 449.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 92.53 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.02 449.10 Td (common ) Tj ET Q q 0 0 0 rg BT 145.17 449.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 174.82 449.10 Td (such ) Tj ET Q q 0 0 0 rg BT 195.31 449.10 Td (holder) Tj ET Q q 0 0 0 rg BT 221.23 449.10 Td () Tj ET Q q 0 0 0 rg BT 224.01 449.10 Td (s ) Tj ET Q q 0 0 0 rg BT 230.06 449.10 Td (successor ) Tj ET Q q 0 0 0 rg BT 270.54 449.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 309.90 449.10 Td (would ) Tj ET Q q 0 0 0 rg BT 337.05 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 351.99 449.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 383.01 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.61 449.10 Td (step-up ) Tj ET Q q 0 0 0 rg BT 421.21 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.14 449.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 445.52 449.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 467.67 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 487.61 449.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 518.08 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.02 449.10 Td (such ) Tj ET Q q 0 0 0 rg BT 548.51 449.10 Td (shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 425.10 Td (United ) Tj ET Q q 0 0 0 rg BT 103.39 425.10 Td (States ) Tj ET Q q 0 0 0 rg BT 131.44 425.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 166.71 425.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 200.69 425.10 Td (T) Tj ET Q q 0 0 0 rg BT 206.44 425.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 240.61 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.44 425.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 297.83 425.10 Td (Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.17 401.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 123.09 401.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 150.58 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.41 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.24 401.10 Td (common ) Tj ET Q q 0 0 0 rg BT 214.73 401.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.22 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 259.72 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.89 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 284.17 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.11 401.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 311.39 401.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 341.66 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 350.83 401.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 384.96 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.24 401.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 422.73 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.56 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.50 401.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 485.77 401.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 512.99 401.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (If ) Tj ET Q q 0 0 0 rg BT 80.81 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.39 377.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 134.53 377.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 158.34 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.82 377.10 Td (common ) Tj ET Q q 0 0 0 rg BT 210.96 377.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 240.60 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.97 377.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.33 377.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 309.24 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.71 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.30 377.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 356.76 377.10 Td (will ) Tj ET Q q 0 0 0 rg BT 374.47 377.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 413.82 377.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 444.84 377.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 466.99 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.35 377.10 Td (status ) Tj ET Q q 0 0 0 rg BT 506.28 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.76 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.12 377.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 561.58 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 58.74 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.69 365.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 112.52 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.59 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.54 365.10 Td (partnership. ) Tj ET Q q 0 0 0 rg BT 188.76 365.10 Td (If ) Tj ET Q q 0 0 0 rg BT 198.16 365.10 Td (you ) Tj ET Q q 0 0 0 rg BT 215.89 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 230.84 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.01 365.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 269.06 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.58 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.75 365.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 334.47 365.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 367.77 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 383.83 365.10 Td (common ) Tj ET Q q 0 0 0 rg BT 421.56 365.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 451.79 365.10 Td (your ) Tj ET Q q 0 0 0 rg BT 472.85 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.80 365.10 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 536.62 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.13 365.10 Td (consult ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (your ) Tj ET Q q 0 0 0 rg BT 56.83 353.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 71.55 353.10 Td (advisor) Tj ET Q q 0 0 0 rg BT 100.43 353.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 115.61 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.67 329.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 168.96 329.10 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 113.16 305.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 147.64 305.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 187.66 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 206.04 305.10 Td (not ) Tj ET Q q 0 0 0 rg BT 221.64 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 233.90 305.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 265.05 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.65 305.10 Td (United ) Tj ET Q q 0 0 0 rg BT 305.69 305.10 Td (States ) Tj ET Q q 0 0 0 rg BT 332.40 305.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 362.98 305.10 Td (income ) Tj ET Q q 0 0 0 rg BT 395.23 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.27 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.42 305.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 472.58 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 487.62 305.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.44 305.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 542.15 305.10 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (from ) Tj ET Q q 0 0 0 rg BT 58.07 293.10 Td (us ) Tj ET Q q 0 0 0 rg BT 69.59 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 90.00 293.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 120.95 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.36 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 147.32 293.10 Td (common ) Tj ET Q q 0 0 0 rg BT 184.94 293.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 215.06 293.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 242.70 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 260.32 293.10 Td (income ) Tj ET Q q 0 0 0 rg BT 292.39 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 301.69 293.10 Td (ef) Tj ET Q q 0 0 0 rg BT 309.27 293.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 346.89 293.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 390.05 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.46 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.31 293.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 466.27 293.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 494.41 293.10 Td () Tj ET Q q 0 0 0 rg BT 497.19 293.10 Td (s ) Tj ET Q q 0 0 0 rg BT 503.71 293.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 538.00 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.96 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 556.03 293.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 47.19 281.10 Td (business ) Tj ET Q q 0 0 0 rg BT 83.95 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.59 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.67 281.10 Td (United ) Tj ET Q q 0 0 0 rg BT 139.75 281.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 169.00 281.10 Td (If ) Tj ET Q q 0 0 0 rg BT 178.53 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.61 281.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 234.81 281.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 265.44 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 274.97 281.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 307.83 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.47 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.55 281.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 368.07 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.26 281.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.56 281.10 Td (United ) Tj ET Q q 0 0 0 rg BT 416.64 281.10 Td (States ) Tj ET Q q 0 0 0 rg BT 443.40 281.10 Td (income ) Tj ET Q q 0 0 0 rg BT 475.69 281.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 490.77 281.10 Td (treaty ) Tj ET Q q 0 0 0 rg BT 516.40 281.10 Td (with ) Tj ET Q q 0 0 0 rg BT 537.04 281.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 568.22 281.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (those ) Tj ET Q q 0 0 0 rg BT 58.90 269.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 102.08 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.87 269.10 Td (income ) Tj ET Q q 0 0 0 rg BT 150.09 269.10 Td (may ) Tj ET Q q 0 0 0 rg BT 169.10 269.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.33 269.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 211.00 269.10 Td (only ) Tj ET Q q 0 0 0 rg BT 230.57 269.10 Td (if ) Tj ET Q q 0 0 0 rg BT 238.47 269.10 Td (it ) Tj ET Q q 0 0 0 rg BT 245.81 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.28 269.10 Td (also ) Tj ET Q q 0 0 0 rg BT 272.18 269.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 319.51 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.08 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.31 269.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 379.30 269.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 436.08 269.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 482.30 269.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.10 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.10 269.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 548.23 269.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 46.28 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.00 257.10 Td (United ) Tj ET Q q 0 0 0 rg BT 90.71 257.10 Td (States.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (Sale, ) Tj ET Q q 0 0 0 rg BT 94.78 233.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 138.95 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.34 233.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 176.73 233.10 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 225.91 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.74 233.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 277.03 233.10 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 112.35 209.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 146.02 209.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 185.23 209.10 Td (will ) Tj ET Q q 0 0 0 rg BT 202.80 209.10 Td (not ) Tj ET Q q 0 0 0 rg BT 217.59 209.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.04 209.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 259.38 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.17 209.10 Td (United ) Tj ET Q q 0 0 0 rg BT 298.40 209.10 Td (States ) Tj ET Q q 0 0 0 rg BT 324.29 209.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 354.06 209.10 Td (income ) Tj ET Q q 0 0 0 rg BT 385.51 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.73 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 410.08 209.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 460.42 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 474.65 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 486.66 209.10 Td (any ) Tj ET Q q 0 0 0 rg BT 503.11 209.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 522.34 209.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 555.99 209.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.72 197.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 71.26 197.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 111.52 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.35 197.10 Td (other ) Tj ET Q q 0 0 0 rg BT 145.39 197.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 191.79 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.62 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.45 197.10 Td (common ) Tj ET Q q 0 0 0 rg BT 255.95 197.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 285.94 197.10 Td (unless:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.54 173.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 142.09 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 151.09 173.10 Td (ef) Tj ET Q q 0 0 0 rg BT 158.68 173.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 195.98 173.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 238.84 173.10 Td (with ) Tj ET Q q 0 0 0 rg BT 258.95 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.50 173.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 314.16 173.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 342.30 173.10 Td () Tj ET Q q 0 0 0 rg BT 345.08 173.10 Td (s ) Tj ET Q q 0 0 0 rg BT 351.30 173.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 385.28 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.94 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.71 173.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 425.02 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.68 173.10 Td (business ) Tj ET Q q 0 0 0 rg BT 471.90 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.00 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.55 173.10 Td (United ) Tj ET Q q 0 0 0 rg BT 526.09 173.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 554.81 173.10 Td (If ) Tj ET Q q 0 0 0 rg BT 563.80 173.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 161.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 148.96 161.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 179.35 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.64 161.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 221.26 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.66 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.50 161.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 280.78 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.73 161.10 Td (an ) Tj ET Q q 0 0 0 rg BT 303.79 161.10 Td (income ) Tj ET Q q 0 0 0 rg BT 335.85 161.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.69 161.10 Td (treaty ) Tj ET Q q 0 0 0 rg BT 376.08 161.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.48 161.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 427.42 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.82 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.44 161.10 Td (gain, ) Tj ET Q q 0 0 0 rg BT 477.78 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 495.40 161.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 515.24 161.10 Td (may ) Tj ET Q q 0 0 0 rg BT 535.08 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 547.14 161.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 149.10 Td (only ) Tj ET Q q 0 0 0 rg BT 128.28 149.10 Td (if ) Tj ET Q q 0 0 0 rg BT 136.89 149.10 Td (it ) Tj ET Q q 0 0 0 rg BT 144.94 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 154.11 149.10 Td (also ) Tj ET Q q 0 0 0 rg BT 172.72 149.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 220.76 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.04 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.98 149.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 282.68 149.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 340.17 149.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 387.10 149.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.60 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.31 149.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 455.15 149.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 485.42 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.70 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.41 149.10 Td (United ) Tj ET Q q 0 0 0 rg BT 540.13 149.10 Td (States ) Tj ET Q q 0 0 0 rg BT 566.52 149.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.64 137.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 163.40 137.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 193.59 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.68 137.10 Td (an ) Tj ET Q q 0 0 0 rg BT 214.55 137.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 257.52 137.10 Td (who ) Tj ET Q q 0 0 0 rg BT 277.17 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 286.26 137.10 Td (present ) Tj ET Q q 0 0 0 rg BT 317.56 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.76 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.40 137.10 Td (United ) Tj ET Q q 0 0 0 rg BT 372.04 137.10 Td (States ) Tj ET Q q 0 0 0 rg BT 398.35 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.43 137.10 Td (183 ) Tj ET Q q 0 0 0 rg BT 429.86 137.10 Td (days ) Tj ET Q q 0 0 0 rg BT 450.61 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.36 137.10 Td (more ) Tj ET Q q 0 0 0 rg BT 484.33 137.10 Td (during ) Tj ET Q q 0 0 0 rg BT 512.87 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.51 137.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 558.80 137.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.83 125.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 165.23 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.17 125.10 Td (other ) Tj ET Q q 0 0 0 rg BT 205.21 125.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 249.38 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 264.08 125.10 Td (met.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (If ) Tj ET Q q 0 0 0 rg BT 80.64 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.84 101.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 135.16 101.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 164.91 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.56 101.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 208.86 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.62 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.04 101.10 Td (United ) Tj ET Q q 0 0 0 rg BT 254.24 101.10 Td (States ) Tj ET Q q 0 0 0 rg BT 280.11 101.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 302.08 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.39 101.10 Td (business ) Tj ET Q q 0 0 0 rg BT 348.26 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 361.91 101.10 Td (United ) Tj ET Q q 0 0 0 rg BT 391.11 101.10 Td (States ) Tj ET Q q 0 0 0 rg BT 416.98 101.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 446.71 101.10 Td (income ) Tj ET Q q 0 0 0 rg BT 478.13 101.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 492.33 101.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 532.36 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.56 101.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 58.17 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.12 89.10 Td (common ) Tj ET Q q 0 0 0 rg BT 110.85 89.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 141.07 89.10 Td (including ) Tj ET Q q 0 0 0 rg BT 181.57 89.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 223.19 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.36 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.31 89.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 275.26 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 297.43 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.38 89.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 333.16 89.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 373.64 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.71 89.10 Td (other ) Tj ET Q q 0 0 0 rg BT 407.98 89.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 454.61 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.68 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.62 89.10 Td (common ) Tj ET Q q 0 0 0 rg BT 518.35 89.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 546.07 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 563.80 89.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 77.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 81.18 77.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 124.32 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 144.71 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.54 77.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 193.81 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.75 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 222.36 77.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 244.95 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.89 77.10 Td (business ) Tj ET Q q 0 0 0 rg BT 292.40 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 310.56 77.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 350.38 77.10 Td (be ) Tj ET Q q 0 0 0 rg BT 362.43 77.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 393.36 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.75 77.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 434.68 77.10 Td (United ) Tj ET Q q 0 0 0 rg BT 464.51 77.10 Td (States ) Tj ET Q q 0 0 0 rg BT 491.01 77.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 521.37 77.10 Td (income ) Tj ET Q q 0 0 0 rg BT 553.42 77.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 568.25 77.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 50.42 65.10 Td (same ) Tj ET Q q 0 0 0 rg BT 73.18 65.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 105.37 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 115.90 65.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 156.44 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.42 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.85 65.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 217.49 65.10 Td (section ) Tj ET Q q 0 0 0 rg BT 248.02 65.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 280.77 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.75 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.18 65.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 339.60 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.13 65.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 370.12 65.10 Td (Holders. ) Tj ET Q q 0 0 0 rg BT 406.49 65.10 Td (In ) Tj ET Q q 0 0 0 rg BT 417.02 65.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 454.50 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.49 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.91 65.10 Td (case ) Tj ET Q q 0 0 0 rg BT 498.32 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.86 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.50 65.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 555.46 65.10 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 56.97 53.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 84.33 53.10 Td (, ) Tj ET Q q 0 0 0 rg BT 90.02 53.10 Td (its ) Tj ET Q q 0 0 0 rg BT 102.65 53.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 139.71 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.33 53.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 186.63 53.10 Td (that ) Tj ET Q q 0 0 0 rg BT 204.80 53.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.19 53.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 268.92 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.88 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.28 53.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.87 53.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 341.03 53.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 384.75 53.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 419.86 53.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 451.37 53.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.33 53.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 492.72 53.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 546.18 53.10 Td (may ) Tj ET Q q 0 0 0 rg BT 566.58 53.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 67.08 749.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.61 749.10 Td (an ) Tj ET Q q 0 0 0 rg BT 89.80 749.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 132.55 749.10 Td (branch ) Tj ET Q q 0 0 0 rg BT 162.51 749.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 191.37 749.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 206.34 749.10 Td (at ) Tj ET Q q 0 0 0 rg BT 216.31 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.50 749.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 241.24 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.33 749.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 265.08 749.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 299.76 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.84 749.10 Td (at ) Tj ET Q q 0 0 0 rg BT 320.81 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.01 749.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 353.53 749.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 371.27 749.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.35 749.10 Td (may ) Tj ET Q q 0 0 0 rg BT 402.32 749.10 Td (be ) Tj ET Q q 0 0 0 rg BT 414.52 749.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 453.36 749.10 Td (by ) Tj ET Q q 0 0 0 rg BT 466.12 749.10 Td (an ) Tj ET Q q 0 0 0 rg BT 478.31 749.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 522.15 749.10 Td (United ) Tj ET Q q 0 0 0 rg BT 552.12 749.10 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (income ) Tj ET Q q 0 0 0 rg BT 67.93 737.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 82.65 737.10 Td (treaty) Tj ET Q q 0 0 0 rg BT 104.76 737.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (Backup ) Tj ET Q q 0 0 0 rg BT 107.11 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.93 713.10 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 163.34 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.97 713.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 236.69 713.10 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.23 689.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 116.05 689.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 152.94 689.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 195.67 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.90 689.10 Td (other ) Tj ET Q q 0 0 0 rg BT 228.34 689.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 259.11 689.10 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 313.52 689.10 Td (made ) Tj ET Q q 0 0 0 rg BT 337.07 689.10 Td (within ) Tj ET Q q 0 0 0 rg BT 364.52 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.64 689.10 Td (United ) Tj ET Q q 0 0 0 rg BT 407.75 689.10 Td (States ) Tj ET Q q 0 0 0 rg BT 433.54 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.22 689.10 Td (you ) Tj ET Q q 0 0 0 rg BT 460.12 689.10 Td (will ) Tj ET Q q 0 0 0 rg BT 477.57 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 488.91 689.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 519.13 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.81 689.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 75.16 677.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 132.36 677.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 154.86 677.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 195.68 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 213.74 677.10 Td (also ) Tj ET Q q 0 0 0 rg BT 232.35 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.29 677.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 275.11 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.39 677.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 316.77 677.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 367.60 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 382.32 677.10 Td (if ) Tj ET Q q 0 0 0 rg BT 390.93 677.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 410.64 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.92 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.86 677.10 Td (non-corporate ) Tj ET Q q 0 0 0 rg BT 486.44 677.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 506.73 677.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 537.00 677.10 Td (who:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 653.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 127.72 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.00 653.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 171.04 653.10 Td (an ) Tj ET Q q 0 0 0 rg BT 182.98 653.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 218.78 653.10 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 255.71 653.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 311.52 653.10 Td (number;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 641.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.31 641.10 Td (notified ) Tj ET Q q 0 0 0 rg BT 151.06 641.10 Td (by ) Tj ET Q q 0 0 0 rg BT 163.70 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.56 641.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 196.76 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 214.40 641.10 Td (he ) Tj ET Q q 0 0 0 rg BT 226.48 641.10 Td (has ) Tj ET Q q 0 0 0 rg BT 242.45 641.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 267.85 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.27 641.10 Td (report ) Tj ET Q q 0 0 0 rg BT 304.79 641.10 Td (all ) Tj ET Q q 0 0 0 rg BT 317.43 641.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 349.50 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.48 641.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 402.00 641.10 Td (required ) Tj ET Q q 0 0 0 rg BT 437.96 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.38 641.10 Td (be ) Tj ET Q q 0 0 0 rg BT 460.46 641.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 489.22 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 501.86 641.10 Td (his ) Tj ET Q q 0 0 0 rg BT 516.17 641.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 546.56 641.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.72 629.10 Td (returns; ) Tj ET Q q 0 0 0 rg BT 155.76 629.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 617.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.28 617.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 147.98 617.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 209.62 617.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 229.34 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.62 617.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 272.11 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 292.39 617.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 335.98 617.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 386.78 617.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 112.02 593.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 145.36 593.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.26 593.10 Td (be ) Tj ET Q q 0 0 0 rg BT 175.38 593.10 Td (required ) Tj ET Q q 0 0 0 rg BT 210.37 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.83 593.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 256.51 593.10 Td (their ) Tj ET Q q 0 0 0 rg BT 276.51 593.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 320.41 593.10 Td (from ) Tj ET Q q 0 0 0 rg BT 341.53 593.10 Td (information ) Tj ET Q q 0 0 0 rg BT 390.42 593.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 428.76 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.88 593.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 475.43 593.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 525.45 593.10 Td (by ) Tj ET Q q 0 0 0 rg BT 537.13 593.10 Td (certifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (their ) Tj ET Q q 0 0 0 rg BT 56.83 581.10 Td (status ) Tj ET Q q 0 0 0 rg BT 82.10 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 94.60 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 106.54 581.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 150.13 581.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 168.19 581.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 192.18 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.07 581.10 Td (-8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (If ) Tj ET Q q 0 0 0 rg BT 81.32 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.41 557.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 129.40 557.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 159.83 557.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 180.26 557.10 Td (his ) Tj ET Q q 0 0 0 rg BT 194.59 557.10 Td (common ) Tj ET Q q 0 0 0 rg BT 232.24 557.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 259.89 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.32 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.31 557.10 Td (through ) Tj ET Q q 0 0 0 rg BT 315.07 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.17 557.10 Td (United ) Tj ET Q q 0 0 0 rg BT 352.04 557.10 Td (States ) Tj ET Q q 0 0 0 rg BT 378.58 557.10 Td (of) Tj ET Q q 0 0 0 rg BT 386.73 557.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 404.37 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.36 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.45 557.10 Td (broker) Tj ET Q q 0 0 0 rg BT 448.15 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.31 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.18 557.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 505.27 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.26 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.13 557.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 569.32 557.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 67.08 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.61 545.10 Td (both ) Tj ET Q q 0 0 0 rg BT 98.14 545.10 Td (United ) Tj ET Q q 0 0 0 rg BT 128.11 545.10 Td (States ) Tj ET Q q 0 0 0 rg BT 154.75 545.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 186.39 545.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 237.47 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.67 545.10 Td (information ) Tj ET Q q 0 0 0 rg BT 304.63 545.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 344.04 545.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 371.80 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.77 545.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 427.86 545.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 458.38 545.10 Td (certifies ) Tj ET Q q 0 0 0 rg BT 493.33 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.08 545.10 Td (he ) Tj ET Q q 0 0 0 rg BT 523.28 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 532.70 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.89 545.10 Td (non-U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (person, ) Tj ET Q q 0 0 0 rg BT 67.57 533.10 Td (under ) Tj ET Q q 0 0 0 rg BT 92.76 533.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 130.71 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.46 533.10 Td (perjury) Tj ET Q q 0 0 0 rg BT 169.69 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.60 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.35 533.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 226.64 533.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 272.38 533.10 Td (an ) Tj ET Q q 0 0 0 rg BT 284.23 533.10 Td (exemption. ) Tj ET Q q 0 0 0 rg BT 331.36 533.10 Td (If ) Tj ET Q q 0 0 0 rg BT 340.43 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.28 533.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 388.03 533.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 418.22 533.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 438.41 533.10 Td (his ) Tj ET Q q 0 0 0 rg BT 452.49 533.10 Td (common ) Tj ET Q q 0 0 0 rg BT 489.90 533.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 517.31 533.10 Td (through ) Tj ET Q q 0 0 0 rg BT 550.83 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 557.68 533.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (United ) Tj ET Q q 0 0 0 rg BT 65.53 521.10 Td (States ) Tj ET Q q 0 0 0 rg BT 91.73 521.10 Td (of) Tj ET Q q 0 0 0 rg BT 99.88 521.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 117.18 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.82 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.57 521.10 Td (non-United ) Tj ET Q q 0 0 0 rg BT 182.43 521.10 Td (States ) Tj ET Q q 0 0 0 rg BT 208.63 521.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 237.05 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.80 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.33 521.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 290.08 521.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 327.93 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 342.45 521.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 361.98 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.07 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.60 521.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 427.25 521.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 457.33 521.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 488.54 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.07 521.10 Td (United ) Tj ET Q q 0 0 0 rg BT 532.60 521.10 Td (States ) Tj ET Q q 0 0 0 rg BT 558.80 521.10 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (information ) Tj ET Q q 0 0 0 rg BT 85.92 509.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 125.28 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.43 509.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 174.01 509.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 225.05 509.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 264.96 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 283.22 509.10 Td (not ) Tj ET Q q 0 0 0 rg BT 298.71 509.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 323.63 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.12 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.82 509.10 Td (payment. ) Tj ET Q q 0 0 0 rg BT 391.46 509.10 Td (However) Tj ET Q q 0 0 0 rg BT 427.71 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.91 509.10 Td (United ) Tj ET Q q 0 0 0 rg BT 462.84 509.10 Td (States ) Tj ET Q q 0 0 0 rg BT 489.43 509.10 Td (information ) Tj ET Q q 0 0 0 rg BT 539.35 509.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 92.92 497.10 Td (but ) Tj ET Q q 0 0 0 rg BT 107.91 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 122.91 497.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 154.00 497.10 Td (withholding, ) Tj ET Q q 0 0 0 rg BT 207.05 497.10 Td (will ) Tj ET Q q 0 0 0 rg BT 224.82 497.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 249.25 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.25 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.90 497.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 302.55 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.10 497.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.75 497.10 Td (proceeds, ) Tj ET Q q 0 0 0 rg BT 375.01 497.10 Td (even ) Tj ET Q q 0 0 0 rg BT 396.10 497.10 Td (if ) Tj ET Q q 0 0 0 rg BT 404.42 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 421.63 497.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 458.28 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 467.17 497.10 Td (made ) Tj ET Q q 0 0 0 rg BT 491.04 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.03 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.69 497.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 548.24 497.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 67.74 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.81 485.10 Td (United ) Tj ET Q q 0 0 0 rg BT 112.89 485.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 142.13 485.10 Td (if ) Tj ET Q q 0 0 0 rg BT 151.09 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.17 485.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 207.36 485.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 237.98 485.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 258.61 485.10 Td (common ) Tj ET Q q 0 0 0 rg BT 296.46 485.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 324.31 485.10 Td (through ) Tj ET Q q 0 0 0 rg BT 358.27 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.57 485.10 Td (non-United ) Tj ET Q q 0 0 0 rg BT 413.97 485.10 Td (States ) Tj ET Q q 0 0 0 rg BT 440.71 485.10 Td (of) Tj ET Q q 0 0 0 rg BT 448.86 485.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 466.70 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.89 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 485.18 485.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 514.14 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 531.99 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 541.51 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 548.81 485.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (States ) Tj ET Q q 0 0 0 rg BT 62.39 473.10 Td (person ) Tj ET Q q 0 0 0 rg BT 91.55 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.38 473.10 Td (has ) Tj ET Q q 0 0 0 rg BT 118.21 473.10 Td (some ) Tj ET Q q 0 0 0 rg BT 141.82 473.10 Td (other ) Tj ET Q q 0 0 0 rg BT 164.86 473.10 Td (contacts ) Tj ET Q q 0 0 0 rg BT 200.13 473.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.40 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.12 473.10 Td (United ) Tj ET Q q 0 0 0 rg BT 264.84 473.10 Td (States.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (Backup ) Tj ET Q q 0 0 0 rg BT 105.15 449.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 156.10 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 165.37 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 180.76 449.10 Td (an ) Tj ET Q q 0 0 0 rg BT 192.81 449.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 235.40 449.10 Td (tax. ) Tj ET Q q 0 0 0 rg BT 252.73 449.10 Td (Rather) Tj ET Q q 0 0 0 rg BT 278.98 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.09 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.14 449.10 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 328.17 449.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 367.98 449.10 Td (may ) Tj ET Q q 0 0 0 rg BT 387.80 449.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 415.40 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.45 449.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 451.16 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.09 449.10 Td (any ) Tj ET Q q 0 0 0 rg BT 479.14 449.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 515.63 449.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 553.24 449.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 67.38 437.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 118.21 437.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 140.15 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.65 437.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 187.90 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.62 437.10 Td (taxpayer) Tj ET Q q 0 0 0 rg BT 237.41 437.10 Td () Tj ET Q q 0 0 0 rg BT 240.19 437.10 Td (s ) Tj ET Q q 0 0 0 rg BT 246.58 437.10 Td (income ) Tj ET Q q 0 0 0 rg BT 278.51 437.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 293.23 437.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 326.84 437.10 Td (by ) Tj ET Q q 0 0 0 rg BT 339.34 437.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 363.50 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.44 437.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 399.04 437.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 423.75 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 444.03 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.75 437.10 Td (IRS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (Individuals ) Tj ET Q q 0 0 0 rg BT 119.74 413.10 Td (who ) Tj ET Q q 0 0 0 rg BT 139.71 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.66 413.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 175.18 413.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 209.59 413.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 230.10 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.62 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.58 413.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 282.76 413.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 321.60 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.12 413.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 375.76 413.10 Td (T) Tj ET Q q 0 0 0 rg BT 381.51 413.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 413.69 413.10 Td (Regulations, ) Tj ET Q q 0 0 0 rg BT 466.70 413.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 496.65 413.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 543.84 413.10 Td (who ) Tj ET Q q 0 0 0 rg BT 563.80 413.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (Non-U.S. ) Tj ET Q q 0 0 0 rg BT 77.01 401.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 111.35 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.47 401.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 158.35 401.10 Td (United ) Tj ET Q q 0 0 0 rg BT 188.24 401.10 Td (States ) Tj ET Q q 0 0 0 rg BT 214.81 401.10 Td (entities\) ) Tj ET Q q 0 0 0 rg BT 249.70 401.10 Td (who ) Tj ET Q q 0 0 0 rg BT 269.60 401.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 290.06 401.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 333.27 401.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 364.82 401.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 402.48 401.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 432.93 401.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 447.26 401.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 479.93 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.38 401.10 Td (Section6038D ) Tj ET Q q 0 0 0 rg BT 552.78 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 563.79 401.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (Code\) ) Tj ET Q q 0 0 0 rg BT 62.83 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 77.43 389.10 Td (required ) Tj ET Q q 0 0 0 rg BT 113.14 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.31 389.10 Td (file ) Tj ET Q q 0 0 0 rg BT 139.03 389.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 156.98 389.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 181.04 389.10 Td (8938 ) Tj ET Q q 0 0 0 rg BT 203.44 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 223.61 389.10 Td (information ) Tj ET Q q 0 0 0 rg BT 273.21 389.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 306.15 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.32 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.93 389.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 352.76 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.81 389.10 Td (each ) Tj ET Q q 0 0 0 rg BT 387.52 389.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 418.78 389.10 Td (year ) Tj ET Q q 0 0 0 rg BT 438.38 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.55 389.10 Td (which ) Tj ET Q q 0 0 0 rg BT 475.38 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.99 389.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 531.25 389.10 Td (value ) Tj ET Q q 0 0 0 rg BT 555.30 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 566.02 389.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (such ) Tj ET Q q 0 0 0 rg BT 57.39 377.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 83.79 377.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 118.49 377.10 Td ($75,000 ) Tj ET Q q 0 0 0 rg BT 154.06 377.10 Td (at ) Tj ET Q q 0 0 0 rg BT 164.34 377.10 Td (any ) Tj ET Q q 0 0 0 rg BT 181.84 377.10 Td (time ) Tj ET Q q 0 0 0 rg BT 202.68 377.10 Td (during ) Tj ET Q q 0 0 0 rg BT 231.85 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 377.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 279.06 377.10 Td (year ) Tj ET Q q 0 0 0 rg BT 299.33 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.72 377.10 Td ($50,000 ) Tj ET Q q 0 0 0 rg BT 346.29 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 359.35 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.63 377.10 Td (last ) Tj ET Q q 0 0 0 rg BT 391.58 377.10 Td (day ) Tj ET Q q 0 0 0 rg BT 409.08 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.47 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.75 377.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 467.69 377.10 Td (year ) Tj ET Q q 0 0 0 rg BT 487.96 377.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 502.68 377.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.08 377.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 552.69 377.10 Td (dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 69.22 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.77 365.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 125.64 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 138.87 365.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 182.95 365.10 Td (T) Tj ET Q q 0 0 0 rg BT 188.70 365.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 221.36 365.10 Td (Regulations\). ) Tj ET Q q 0 0 0 rg BT 278.18 365.10 Td (Specified ) Tj ET Q q 0 0 0 rg BT 319.17 365.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 351.27 365.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 389.48 365.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 416.03 365.10 Td (would ) Tj ET Q q 0 0 0 rg BT 444.26 365.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 479.41 365.10 Td (among ) Tj ET Q q 0 0 0 rg BT 509.85 365.10 Td (other ) Tj ET Q q 0 0 0 rg BT 533.63 365.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 562.68 365.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (common ) Tj ET Q q 0 0 0 rg BT 73.13 353.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 102.76 353.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 129.90 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.25 353.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 171.38 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.73 353.10 Td (held ) Tj ET Q q 0 0 0 rg BT 205.08 353.10 Td (through ) Tj ET Q q 0 0 0 rg BT 238.33 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 249.90 353.10 Td (account ) Tj ET Q q 0 0 0 rg BT 283.13 353.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 329.70 353.10 Td (with ) Tj ET Q q 0 0 0 rg BT 349.62 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.19 353.10 Td (United ) Tj ET Q q 0 0 0 rg BT 385.55 353.10 Td (States ) Tj ET Q q 0 0 0 rg BT 411.57 353.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.69 353.10 Td (institution. ) Tj ET Q q 0 0 0 rg BT 493.89 353.10 Td (Substantial ) Tj ET Q q 0 0 0 rg BT 540.47 353.10 Td (penalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 60.34 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 70.24 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 86.80 341.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 115.01 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.91 341.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 152.58 341.10 Td (file ) Tj ET Q q 0 0 0 rg BT 168.03 341.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 185.71 341.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 209.50 341.10 Td (8938, ) Tj ET Q q 0 0 0 rg BT 234.12 341.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 261.24 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.58 341.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 303.79 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.58 341.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 340.82 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.72 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 362.27 341.10 Td (due ) Tj ET Q q 0 0 0 rg BT 378.83 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.73 341.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 433.61 341.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 457.94 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.49 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 489.39 341.10 Td (due ) Tj ET Q q 0 0 0 rg BT 505.95 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.85 341.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 544.64 341.10 Td (neglect. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 85.90 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 90.90 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.17 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.89 329.10 Td (event ) Tj ET Q q 0 0 0 rg BT 140.04 329.10 Td (an ) Tj ET Q q 0 0 0 rg BT 151.97 329.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 195.02 329.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 215.30 329.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 245.57 329.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 265.83 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.11 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.82 329.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 317.75 329.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 356.34 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.62 329.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 410.02 329.10 Td (T) Tj ET Q q 0 0 0 rg BT 415.78 329.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 447.70 329.10 Td (Regulations, ) Tj ET Q q 0 0 0 rg BT 500.47 329.10 Td (an ) Tj ET Q q 0 0 0 rg BT 512.41 329.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 555.46 329.10 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 56.78 317.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 87.54 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.86 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.29 317.10 Td (United ) Tj ET Q q 0 0 0 rg BT 136.50 317.10 Td (States ) Tj ET Q q 0 0 0 rg BT 163.38 317.10 Td (entity\) ) Tj ET Q q 0 0 0 rg BT 192.48 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 210.47 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 220.13 317.10 Td (required ) Tj ET Q q 0 0 0 rg BT 256.44 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.21 317.10 Td (file ) Tj ET Q q 0 0 0 rg BT 283.53 317.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 302.08 317.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 326.75 317.10 Td (8938 ) Tj ET Q q 0 0 0 rg BT 349.74 317.10 Td (does ) Tj ET Q q 0 0 0 rg BT 371.06 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 386.83 317.10 Td (file ) Tj ET Q q 0 0 0 rg BT 403.15 317.10 Td (such ) Tj ET Q q 0 0 0 rg BT 424.48 317.10 Td (form, ) Tj ET Q q 0 0 0 rg BT 449.41 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.62 317.10 Td (statute ) Tj ET Q q 0 0 0 rg BT 493.71 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.04 317.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 550.81 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 563.80 317.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 83.25 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.50 305.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 142.74 305.10 Td (of 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Tj ET Q q 0 0 0 rg BT 119.11 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.32 713.10 Td (This ) Tj ET Q q 0 0 0 rg BT 141.49 713.10 Td (web ) Tj ET Q q 0 0 0 rg BT 160.53 713.10 Td (address ) Tj ET Q q 0 0 0 rg BT 192.91 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.97 713.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 239.90 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 250.62 713.10 Td (an ) Tj ET Q q 0 0 0 rg BT 262.45 713.10 Td (inactive ) Tj ET Q q 0 0 0 rg BT 296.49 713.10 Td (textual ) Tj ET Q q 0 0 0 rg BT 326.09 713.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 365.66 713.10 Td (only) Tj ET Q q 0 0 0 rg BT 382.79 713.10 Td (. ) Tj ET Q q 0 0 0 rg BT 387.67 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.06 713.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 440.21 713.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 481.47 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 493.86 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.58 713.10 Td (website ) Tj ET Q q 0 0 0 rg BT 542.51 713.10 Td (does ) Tj ET Q q 0 0 0 rg BT 563.23 713.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 77.38 701.10 Td (part ) Tj ET Q q 0 0 0 rg BT 95.43 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.26 701.10 Td (this ) Tj ET Q q 0 0 0 rg BT 123.21 701.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 152.36 701.10 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 126.71 677.10 Td (may ) Tj ET Q q 0 0 0 rg BT 146.42 677.10 Td (also ) Tj ET Q q 0 0 0 rg BT 165.03 677.10 Td (request ) Tj ET Q q 0 0 0 rg BT 196.41 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.35 677.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 225.29 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.12 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.95 677.10 Td (filings ) Tj ET Q q 0 0 0 rg BT 280.00 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 289.72 677.10 Td (no ) Tj ET Q q 0 0 0 rg BT 302.22 677.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 323.33 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 335.83 677.10 Td (writing ) Tj ET Q q 0 0 0 rg BT 367.21 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.04 677.10 Td (telephoning ) Tj ET Q q 0 0 0 rg BT 427.76 677.10 Td (us ) Tj ET Q q 0 0 0 rg BT 439.15 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 448.87 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.58 677.10 Td (following ) Tj ET Q q 0 0 0 rg BT 504.97 677.10 Td (address:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.70 653.10 Td (North ) Tj ET Q q 0 0 0 rg BT 275.98 653.10 Td (Atlantic Drilling Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.95 641.10 Td (C/O North ) Tj ET Q q 0 0 0 rg BT 277.40 641.10 Td (Atlantic Management ) Tj ET Q q 0 0 0 rg BT 366.26 641.10 Td (AS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.60 629.10 Td (Lokkeveien 107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.55 617.10 Td (P) Tj ET Q q 0 0 0 rg BT 250.00 617.10 Td (.O. Box 109, 4001 Stavanger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.85 605.10 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.95 593.10 Td (T) Tj ET Q q 0 0 0 rg BT 268.36 593.10 Td (el.: +47 51 30 90 00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.00 581.10 Td (Fax: +47 51 30 90 01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (I.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.39 569.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (Subsidiary Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 545.10 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 510.25 Td (ITEM 1) Tj ET Q q 0 0 0 rg BT 69.62 510.25 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.12 510.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 510.25 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 135.93 510.25 Td (A) Tj ET Q q 0 0 0 rg BT 142.41 510.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 168.81 510.25 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 231.69 510.25 Td (A) Tj ET Q q 0 0 0 rg BT 238.17 510.25 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 337.65 510.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 373.03 510.25 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 420.35 510.25 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 486.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 486.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.84 486.25 Td (are ) Tj ET Q q 0 0 0 rg BT 102.81 486.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 138.34 486.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.88 486.25 Td (various ) Tj ET Q q 0 0 0 rg BT 181.07 486.25 Td (market ) Tj ET Q q 0 0 0 rg BT 211.60 486.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 235.75 486.25 Td (including ) Tj ET Q q 0 0 0 rg BT 276.29 486.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 307.93 486.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 345.66 486.25 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 398.14 486.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 433.10 486.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.64 486.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 475.84 486.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 497.48 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.68 486.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 540.20 486.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 560.46 486.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 474.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 63.90 474.25 Td (is ) Tj ET Q q 0 0 0 rg BT 73.47 474.25 Td (to ) Tj ET Q q 0 0 0 rg BT 84.16 474.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 110.94 474.25 Td (our ) Tj ET Q q 0 0 0 rg BT 127.17 474.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 166.17 474.25 Td (to ) Tj ET Q q 0 0 0 rg BT 176.86 474.25 Td (these ) Tj ET Q q 0 0 0 rg BT 200.31 474.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 222.10 474.25 Td (where ) Tj ET Q q 0 0 0 rg BT 249.44 474.25 Td (possible, ) Tj ET Q q 0 0 0 rg BT 287.62 474.25 Td (within ) Tj ET Q q 0 0 0 rg BT 316.08 474.25 Td (boundaries ) Tj ET Q q 0 0 0 rg BT 362.86 474.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 396.86 474.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 445.30 474.25 Td (by ) Tj ET Q q 0 0 0 rg BT 458.20 474.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 514.48 474.25 Td (W) Tj ET Q q 0 0 0 rg BT 523.12 474.25 Td (e ) Tj ET Q q 0 0 0 rg BT 530.46 474.25 Td (accomplish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 462.25 Td (this ) Tj ET Q q 0 0 0 rg BT 52.95 462.25 Td (by ) Tj ET Q q 0 0 0 rg BT 65.45 462.25 Td (entering ) Tj ET Q q 0 0 0 rg BT 100.71 462.25 Td (into ) Tj ET Q q 0 0 0 rg BT 118.77 462.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 166.80 462.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 209.28 462.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 258.45 462.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.38 462.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 313.98 462.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.26 462.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 361.75 462.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.46 462.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 407.84 462.25 Td (level ) Tj ET Q q 0 0 0 rg BT 429.77 462.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.60 462.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 458.10 462.25 Td (exposure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 438.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.96 438.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 130.46 438.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 161.64 438.25 Td (us ) Tj ET Q q 0 0 0 rg BT 173.94 438.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 214.56 438.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.74 438.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.37 438.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 279.76 438.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 302.05 438.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.79 438.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 349.41 438.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.59 438.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 392.88 438.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 431.26 438.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 472.42 438.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 494.70 438.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.55 438.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 545.39 438.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 567.67 438.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 426.25 Td (described ) Tj ET Q q 0 0 0 rg BT 76.82 426.25 Td (below) Tj ET Q q 0 0 0 rg BT 100.60 426.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 402.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 107.84 402.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 147.00 402.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 165.06 402.25 Td (management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 378.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 378.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.29 378.25 Td (have ) Tj ET Q q 0 0 0 rg BT 110.38 378.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 131.38 378.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 161.81 378.25 Td (as ) Tj ET Q q 0 0 0 rg BT 173.36 378.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.91 378.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 233.66 378.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 271.85 378.25 Td (because ) Tj ET Q q 0 0 0 rg BT 306.71 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.15 378.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 359.24 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.79 378.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.33 378.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 426.09 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.74 378.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 464.72 378.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 497.94 378.25 Td (are ) Tj ET Q q 0 0 0 rg BT 513.36 378.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 568.23 378.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 366.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 67.00 366.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 116.33 366.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.47 366.25 Td (our ) Tj ET Q q 0 0 0 rg BT 135.45 366.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 173.74 366.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 210.36 366.25 Td (is ) Tj ET Q q 0 0 0 rg BT 218.67 366.25 Td (also ) Tj ET Q q 0 0 0 rg BT 236.42 366.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 255.85 366.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 287.09 366.25 Td (W) Tj ET Q q 0 0 0 rg BT 295.73 366.25 Td (e ) Tj ET Q q 0 0 0 rg BT 301.81 366.25 Td (do, ) Tj ET Q q 0 0 0 rg BT 315.95 366.25 Td (however) Tj ET Q q 0 0 0 rg BT 349.98 366.25 Td (, ) Tj ET Q q 0 0 0 rg BT 354.12 366.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 372.97 366.25 Td (some ) Tj ET Q q 0 0 0 rg BT 395.72 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.69 366.25 Td (our ) Tj ET Q q 0 0 0 rg BT 420.66 366.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 453.95 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.03 366.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 492.22 366.25 Td (some ) Tj ET Q q 0 0 0 rg BT 514.97 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.94 366.25 Td (our ) Tj ET Q q 0 0 0 rg BT 539.92 366.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.07 354.25 Td (other ) Tj ET Q q 0 0 0 rg BT 68.91 354.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 112.28 354.25 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 155.12 354.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 201.84 354.25 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 232.45 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.18 354.25 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 280.92 354.25 Td (Sterling\) ) Tj ET Q q 0 0 0 rg BT 318.21 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.94 354.25 Td (there ) Tj ET Q q 0 0 0 rg BT 357.22 354.25 Td (is ) Tj ET Q q 0 0 0 rg BT 366.18 354.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 404.55 354.25 Td (a ) Tj ET Q q 0 0 0 rg BT 411.28 354.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 428.58 354.25 Td (that ) Tj ET Q q 0 0 0 rg BT 445.86 354.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 483.13 354.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 532.63 354.25 Td (could ) Tj ET Q q 0 0 0 rg BT 557.14 354.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 342.25 Td (an ) Tj ET Q q 0 0 0 rg BT 47.94 342.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 80.98 342.25 Td (ef) Tj ET Q q 0 0 0 rg BT 88.56 342.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 106.05 342.25 Td (on ) Tj ET Q q 0 0 0 rg BT 118.55 342.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.38 342.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 154.65 342.25 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 318.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.79 318.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 120.90 318.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 158.12 318.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 175.36 318.25 Td (arises ) Tj ET Q q 0 0 0 rg BT 200.36 318.25 Td (from ) Tj ET Q q 0 0 0 rg BT 222.04 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.49 318.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 292.04 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.61 318.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 322.06 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.74 318.25 Td (other ) Tj ET Q q 0 0 0 rg BT 361.52 318.25 Td (monetary ) Tj ET Q q 0 0 0 rg BT 401.53 318.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 427.09 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.77 318.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 483.22 318.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 537.11 318.25 Td (in ) Tj ET Q q 0 0 0 rg BT 547.13 318.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 306.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 79.43 306.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 121.21 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.34 306.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 151.47 306.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 183.54 306.25 Td (with ) Tj ET Q q 0 0 0 rg BT 203.67 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.23 306.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 255.58 306.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 275.14 306.25 Td (or ) Tj ET Q q 0 0 0 rg BT 285.82 306.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 303.74 306.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 341.06 306.25 Td (as ) Tj ET Q q 0 0 0 rg BT 351.74 306.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 381.30 306.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 418.63 306.25 Td (items ) Tj ET Q q 0 0 0 rg BT 447.08 306.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.87 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.44 306.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 508.00 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.68 306.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 568.24 306.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 294.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 76.25 294.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 97.63 294.25 Td (on ) Tj ET Q q 0 0 0 rg BT 110.13 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.85 294.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 160.66 294.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 197.05 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.88 294.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.71 294.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 261.75 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.69 294.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 317.28 294.25 Td (which ) Tj ET Q q 0 0 0 rg BT 344.22 294.25 Td (are ) Tj ET Q q 0 0 0 rg BT 358.93 294.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 403.07 294.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.35 294.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 444.73 294.25 Td (currencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 270.25 Td (As ) Tj ET Q q 0 0 0 rg BT 85.61 270.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 270.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.03 270.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.03 270.25 Td (, ) Tj ET Q q 0 0 0 rg BT 180.03 270.25 Td (we ) Tj ET Q q 0 0 0 rg BT 194.19 270.25 Td (had ) Tj ET Q q 0 0 0 rg BT 211.13 270.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 243.05 270.25 Td (into ) Tj ET Q q 0 0 0 rg BT 261.11 270.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.82 270.25 Td (following ) Tj ET Q q 0 0 0 rg BT 317.21 270.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 359.69 270.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 398.28 270.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.56 270.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 442.16 270.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.99 270.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 489.36 270.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 526.84 270.25 Td (risks:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 227.75 391.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 227.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 227.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 227.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 227.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 227.75 m 426.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 227.75 m 500.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 227.75 m 575.5 227.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 231.98 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.00 232.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.20 231.98 Td (Notionalamount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.00 232.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.60 231.98 Td (Fairvalue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 218.32 Td (Currency forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 218.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 218.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 218.32 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 218.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 218.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 218.32 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 190.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.26 190.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 97.18 190.25 Td (change ) Tj ET Q q 0 0 0 rg BT 128.08 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.45 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.26 190.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 193.60 190.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 211.18 190.25 Td (between ) Tj ET Q q 0 0 0 rg BT 247.08 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.89 190.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 282.26 190.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 308.17 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.20 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.01 190.25 Td (bought ) Tj ET Q q 0 0 0 rg BT 370.38 190.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 404.61 190.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 448.29 190.25 Td (would ) Tj ET Q q 0 0 0 rg BT 475.88 190.25 Td (result ) Tj ET Q q 0 0 0 rg BT 500.68 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.05 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 518.08 190.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.55 190.25 Td (value ) Tj ET Q q 0 0 0 rg BT 558.79 190.25 Td (gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 46.88 178.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 64.99 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 75.87 178.25 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 95.91 178.25 Td (million ) Tj ET Q q 0 0 0 rg BT 127.35 178.25 Td (that ) Tj ET Q q 0 0 0 rg BT 144.90 178.25 Td (would ) Tj ET Q q 0 0 0 rg BT 172.44 178.25 Td (be ) Tj ET Q q 0 0 0 rg BT 184.43 178.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 221.95 178.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.27 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 248.15 178.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 301.24 178.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 346.00 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.88 178.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 403.58 178.25 Td (based ) Tj ET Q q 0 0 0 rg BT 428.90 178.25 Td (on ) Tj ET Q q 0 0 0 rg BT 441.45 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.33 178.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 494.85 178.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 529.05 178.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 567.69 178.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.83 166.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 105.41 166.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.41 166.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 142.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 106.17 142.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 124.78 142.25 Td (risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 118.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.55 118.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 126.65 118.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 158.42 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.63 118.25 Td (our ) Tj ET Q q 0 0 0 rg BT 185.84 118.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 205.94 118.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 253.27 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.59 118.25 Td (surplus ) Tj ET Q q 0 0 0 rg BT 302.36 118.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 327.46 118.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 356.44 118.25 Td (with ) Tj ET Q q 0 0 0 rg BT 377.10 118.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.96 118.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 462.30 118.25 Td (are ) Tj ET Q q 0 0 0 rg BT 477.39 118.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 508.60 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.26 118.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 568.24 118.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 68.22 106.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 92.38 106.25 Td (It ) Tj ET Q q 0 0 0 rg BT 101.28 106.25 Td (is ) Tj ET Q q 0 0 0 rg BT 110.74 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 126.85 106.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 154.64 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.20 106.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 192.98 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.99 106.25 Td (most ) Tj ET Q q 0 0 0 rg BT 230.22 106.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 270.76 106.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 302.99 106.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 324.65 106.25 Td (available ) Tj ET Q q 0 0 0 rg BT 363.53 106.25 Td (without ) Tj ET Q q 0 0 0 rg BT 396.87 106.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 440.75 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 456.87 106.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 488.53 106.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 526.29 106.25 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 567.68 106.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.25 Td (line ) Tj ET Q q 0 0 0 rg BT 53.28 94.25 Td (with ) Tj ET Q q 0 0 0 rg BT 73.34 94.25 Td (this ) Tj ET Q q 0 0 0 rg BT 90.07 94.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 121.07 94.25 Td (, ) Tj ET Q q 0 0 0 rg BT 125.85 94.25 Td (we ) Tj ET Q q 0 0 0 rg BT 139.80 94.25 Td (make ) Tj ET Q q 0 0 0 rg BT 163.73 94.25 Td (use ) Tj ET Q q 0 0 0 rg BT 179.35 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.96 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.68 94.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 237.28 94.25 Td (tranche ) Tj ET Q q 0 0 0 rg BT 268.99 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.60 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 295.21 94.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 328.60 94.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 372.55 94.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 399.82 94.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 432.66 94.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.27 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 449.99 94.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 490.59 94.25 Td (tranche ) Tj ET Q q 0 0 0 rg BT 522.30 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.91 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 548.52 94.25 Td ($2,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.25 Td (million ) Tj ET Q q 0 0 0 rg BT 67.95 82.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 95.45 82.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 129.05 82.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 154.88 82.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 186.26 82.25 Td (by ) Tj ET Q q 0 0 0 rg BT 199.32 82.25 Td (repaying ) Tj ET Q q 0 0 0 rg BT 237.37 82.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 287.09 82.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 335.71 82.25 Td (with ) Tj ET Q q 0 0 0 rg BT 356.55 82.25 Td (surplus ) Tj ET Q q 0 0 0 rg BT 388.50 82.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 413.78 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 425.17 82.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 469.33 82.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 519.06 82.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 567.67 82.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.25 Td (needed. ) Tj ET Q q 0 0 0 rg BT 69.13 70.25 Td (W) Tj ET Q q 0 0 0 rg BT 77.77 70.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 106.38 70.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 135.53 70.25 Td (is ) Tj ET Q q 0 0 0 rg BT 144.70 70.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 173.29 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.57 70.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 205.51 70.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 243.00 70.25 Td (with ) Tj ET Q q 0 0 0 rg BT 263.28 70.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 296.88 70.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 328.81 70.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 350.19 70.25 Td (held ) Tj ET Q q 0 0 0 rg BT 369.91 70.25 Td (with ) Tj ET Q q 0 0 0 rg BT 390.18 70.25 Td (reputable ) Tj ET Q q 0 0 0 rg BT 429.89 70.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 467.37 70.25 Td (institutions.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 749.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.98 749.10 Td (have ) Tj ET Q q 0 0 0 rg BT 109.75 749.10 Td (no ) Tj ET Q q 0 0 0 rg BT 122.65 749.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 167.77 749.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 200.10 749.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 232.99 749.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 259.22 749.10 Td (other ) Tj ET Q q 0 0 0 rg BT 282.66 749.10 Td (than ) Tj ET Q q 0 0 0 rg BT 302.78 749.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 323.45 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.79 749.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.46 749.10 Td (equivalents; ) Tj ET Q q 0 0 0 rg BT 412.68 749.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 451.66 749.10 Td (our ) Tj ET Q q 0 0 0 rg BT 467.89 749.10 Td (income ) Tj ET Q q 0 0 0 rg BT 500.23 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.57 749.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 558.23 749.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 60.72 737.10 Td (are ) Tj ET Q q 0 0 0 rg BT 75.43 737.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 128.48 737.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 179.85 737.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.68 737.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 225.39 737.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.67 737.10 Td (market ) Tj ET Q q 0 0 0 rg BT 265.93 737.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 297.87 737.10 Td (rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 104.43 713.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 121.87 713.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 148.76 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 163.41 713.10 Td (used ) Tj ET Q q 0 0 0 rg BT 184.19 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.42 713.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 227.96 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 243.74 713.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 282.28 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.51 713.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.39 713.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 341.82 713.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 363.16 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.61 713.10 Td (converting ) Tj ET Q q 0 0 0 rg BT 420.82 713.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 454.37 713.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 471.81 713.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 491.47 713.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 538.36 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.59 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 555.47 713.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 54.20 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 65.19 701.10 Td (order ) Tj ET Q q 0 0 0 rg BT 89.51 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.50 701.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 134.25 701.10 Td (an ) Tj ET Q q 0 0 0 rg BT 146.90 701.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 177.88 701.10 Td (desired ) Tj ET Q q 0 0 0 rg BT 209.97 701.10 Td (position ) Tj ET Q q 0 0 0 rg BT 245.42 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.96 701.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 280.72 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.38 701.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 332.70 701.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 350.90 701.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 373.12 701.10 Td (At ) Tj ET Q q 0 0 0 rg BT 386.34 701.10 Td (December ) Tj ET Q q 0 0 0 rg BT 430.63 701.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 446.35 701.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 472.07 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 486.94 701.10 Td (had ) Tj ET Q q 0 0 0 rg BT 504.59 701.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 537.24 701.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 555.44 701.10 Td (swap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 83.91 689.10 Td (with ) Tj ET Q q 0 0 0 rg BT 104.07 689.10 Td (an ) Tj ET Q q 0 0 0 rg BT 115.89 689.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 164.94 689.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 202.87 689.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 235.24 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.95 689.10 Td ($1,100 ) Tj ET Q q 0 0 0 rg BT 275.84 689.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 309.61 689.10 Td (Contract ) Tj ET Q q 0 0 0 rg BT 346.42 689.10 Td (lengths ) Tj ET Q q 0 0 0 rg BT 377.69 689.10 Td (range ) Tj ET Q q 0 0 0 rg BT 402.28 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 424.10 689.10 Td (4.7 ) Tj ET Q q 0 0 0 rg BT 438.98 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.14 689.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 456.53 689.10 Td (years ) Tj ET Q q 0 0 0 rg BT 480.01 689.10 Td (with ) Tj ET Q q 0 0 0 rg BT 500.17 689.10 Td (start ) Tj ET Q q 0 0 0 rg BT 519.77 689.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 542.69 689.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (May ) Tj ET Q q 0 0 0 rg BT 56.83 677.10 Td (201) Tj ET Q q 0 0 0 rg BT 71.46 677.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 78.96 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.90 677.10 Td (December ) Tj ET Q q 0 0 0 rg BT 139.48 677.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 161.98 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.92 677.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 227.52 677.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 250.57 677.10 Td (between ) Tj ET Q q 0 0 0 rg BT 286.38 677.10 Td (January ) Tj ET Q q 0 0 0 rg BT 319.98 677.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 342.48 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.42 677.10 Td (December ) Tj ET Q q 0 0 0 rg BT 403.00 677.10 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 115.07 653.10 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.62 629.10 Td (following ) Tj ET Q q 0 0 0 rg BT 130.58 629.10 Td (table ) Tj ET Q q 0 0 0 rg BT 152.09 629.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 201.93 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.22 629.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 251.07 629.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 287.03 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.54 629.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 343.93 629.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 359.89 629.10 Td (values ) Tj ET Q q 0 0 0 rg BT 387.51 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.91 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.32 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 450.37 629.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 499.11 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 509.51 629.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.92 629.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 617.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 574.60 395.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 574.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 574.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 574.60 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 574.6 m 500.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 574.6 m 575.5 574.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 578.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.20 578.83 Td (Notionalamount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.00 578.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.60 578.83 Td (Fairvalue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 565.17 Td (Interest rate swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 565.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 565.17 Td (1,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 565.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 565.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 565.17 Td (39.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 525.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.86 525.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.06 525.10 Td (value ) Tj ET Q q 0 0 0 rg BT 130.03 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.67 525.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 172.42 525.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 189.72 525.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 216.48 525.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.47 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.00 525.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 280.64 525.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 312.95 525.10 Td (that ) Tj ET Q q 0 0 0 rg BT 330.26 525.10 Td (our ) Tj ET Q q 0 0 0 rg BT 345.91 525.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 404.86 525.10 Td (would ) Tj ET Q q 0 0 0 rg BT 432.18 525.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 463.36 525.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.00 525.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 490.76 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.85 525.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 540.93 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 555.46 525.10 Td (swap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 513.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 84.46 513.10 Td (at ) Tj ET Q q 0 0 0 rg BT 94.60 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.74 513.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 149.32 513.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 171.18 513.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.65 513.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 229.79 513.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 271.59 513.10 Td (used ) Tj ET Q q 0 0 0 rg BT 292.84 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.54 513.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 346.45 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.59 513.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 378.39 513.10 Td (value ) Tj ET Q q 0 0 0 rg BT 402.97 513.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.22 513.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 446.58 513.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 464.49 513.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 491.85 513.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 548.65 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 563.79 513.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 501.10 Td (present ) Tj ET Q q 0 0 0 rg BT 67.38 501.10 Td (value ) Tj ET Q q 0 0 0 rg BT 91.53 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.36 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.08 501.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 140.13 501.10 Td (contracts) Tj ET Q q 0 0 0 rg BT 178.81 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.31 501.10 Td (future ) Tj ET Q q 0 0 0 rg BT 207.69 501.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 227.96 501.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 477.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.48 477.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.41 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.33 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.70 477.10 Td (above ) Tj ET Q q 0 0 0 rg BT 167.73 477.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 199.31 477.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 216.45 477.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 245.54 477.10 Td (one ) Tj ET Q q 0 0 0 rg BT 262.13 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.62 477.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.10 477.10 Td (fully-consolidated ) Tj ET Q q 0 0 0 rg BT 362.85 477.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 381.66 477.10 Td (has ) Tj ET Q q 0 0 0 rg BT 397.14 477.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 434.83 477.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 466.41 477.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 483.55 477.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 503.47 477.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 523.95 477.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 553.87 477.10 Td (in ) Tj ET Q q 0 0 0 rg BT 563.80 477.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 465.10 Td (form ) Tj ET Q q 0 0 0 rg BT 57.77 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 68.43 465.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 100.19 465.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 117.50 465.10 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 146.78 465.10 Td (Movements ) Tj ET Q q 0 0 0 rg BT 196.32 465.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.43 465.10 Td (their ) Tj ET Q q 0 0 0 rg BT 227.08 465.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 243.29 465.10 Td (value ) Tj ET Q q 0 0 0 rg BT 267.27 465.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.81 465.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 319.11 465.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.22 465.10 Td ("Accumulated ) Tj ET Q q 0 0 0 rg BT 388.94 465.10 Td (other ) Tj ET Q q 0 0 0 rg BT 411.82 465.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 474.68 465.10 Td (income ) Tj ET Q q 0 0 0 rg BT 506.44 465.10 Td (\(loss\)", ) Tj ET Q q 0 0 0 rg BT 537.57 465.10 Td (with ) Tj ET Q q 0 0 0 rg BT 557.68 465.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 453.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 53.07 453.10 Td (value ) Tj ET Q q 0 0 0 rg BT 77.91 453.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 116.08 453.10 Td (as ) Tj ET Q q 0 0 0 rg BT 127.60 453.10 Td ("Other ) Tj ET Q q 0 0 0 rg BT 157.64 453.10 Td (current ) Tj ET Q q 0 0 0 rg BT 189.15 453.10 Td (assets" ) Tj ET Q q 0 0 0 rg BT 219.75 453.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.27 453.10 Td ("Other ) Tj ET Q q 0 0 0 rg BT 261.31 453.10 Td (current ) Tj ET Q q 0 0 0 rg BT 292.82 453.10 Td (liabilities". ) Tj ET Q q 0 0 0 rg BT 339.11 453.10 Td (As ) Tj ET Q q 0 0 0 rg BT 353.41 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.93 453.10 Td (December ) Tj ET Q q 0 0 0 rg BT 409.21 453.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 424.90 453.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 450.59 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.00 453.10 Td (fully-consolidated ) Tj ET Q q 0 0 0 rg BT 541.72 453.10 Td (VIE ) Tj ET Q q 0 0 0 rg BT 561.57 453.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 441.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 67.86 441.10 Td (into ) Tj ET Q q 0 0 0 rg BT 85.86 441.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.73 441.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 135.15 441.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 158.14 441.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 206.11 441.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.33 441.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.20 441.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 275.08 441.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 324.18 441.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 362.16 441.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.59 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.36 441.10 Td ($246 ) Tj ET Q q 0 0 0 rg BT 427.80 441.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 461.63 441.10 Td (as ) Tj ET Q q 0 0 0 rg BT 472.40 441.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 514.26 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.47 441.10 Td ($0 ) Tj ET Q q 0 0 0 rg BT 536.91 441.10 Td (million ) Tj ET Q q 0 0 0 rg BT 568.24 441.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 429.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 61.21 429.10 Td (at ) Tj ET Q q 0 0 0 rg BT 71.13 429.10 Td (a ) Tj ET Q q 0 0 0 rg BT 78.28 429.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 95.97 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.01 429.10 Td (1.77% ) Tj ET Q q 0 0 0 rg BT 135.55 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.03 429.10 Td (2.01% ) Tj ET Q q 0 0 0 rg BT 174.57 429.10 Td (per ) Tj ET Q q 0 0 0 rg BT 190.05 429.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 222.27 429.10 Td (This ) Tj ET Q q 0 0 0 rg BT 242.76 429.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 266.02 429.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 314.26 429.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 348.62 429.10 Td (between ) Tj ET Q q 0 0 0 rg BT 384.64 429.10 Td (October ) Tj ET Q q 0 0 0 rg BT 419.56 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.71 429.10 Td (December ) Tj ET Q q 0 0 0 rg BT 480.50 429.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 505.70 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.85 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.77 429.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 554.36 429.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 417.10 Td (as ) Tj ET Q q 0 0 0 rg BT 46.83 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 57.66 417.10 Td (December ) Tj ET Q q 0 0 0 rg BT 101.24 417.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 116.24 417.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 138.74 417.10 Td (was ) Tj ET Q q 0 0 0 rg BT 156.80 417.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.63 417.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 374.60 372.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 374.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 374.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 374.60 61.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 374.6 m 509.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 374.6 m 575.5 374.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 378.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.20 378.83 Td (Notionalamount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.00 378.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.10 378.83 Td (Fairvalue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 365.17 Td (Interest rate swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 365.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 365.17 Td (246.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 365.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 365.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 365.17 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 337.10 Td (At ) Tj ET Q q 0 0 0 rg BT 85.29 337.10 Td (December ) Tj ET Q q 0 0 0 rg BT 129.65 337.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 145.44 337.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 168.72 337.10 Td (we ) Tj ET Q q 0 0 0 rg BT 183.67 337.10 Td (also ) Tj ET Q q 0 0 0 rg BT 203.06 337.10 Td (had ) Tj ET Q q 0 0 0 rg BT 220.79 337.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 270.74 337.10 Td (cross ) Tj ET Q q 0 0 0 rg BT 294.57 337.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 332.83 337.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 365.55 337.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 383.82 337.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 411.55 337.10 Td (with ) Tj ET Q q 0 0 0 rg BT 432.62 337.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 471.44 337.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 504.72 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.34 337.10 Td ($253.5 ) Tj ET Q q 0 0 0 rg BT 547.12 337.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 325.10 Td (\(December ) Tj ET Q q 0 0 0 rg BT 83.70 325.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 99.49 325.10 Td (2012: ) Tj ET Q q 0 0 0 rg BT 125.56 325.10 Td ($0 ) Tj ET Q q 0 0 0 rg BT 138.85 325.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 174.36 325.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.42 325.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 232.59 325.10 Td (date ) Tj ET Q q 0 0 0 rg BT 252.54 325.10 Td (October ) Tj ET Q q 0 0 0 rg BT 288.03 325.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 311.32 325.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.83 325.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 343.99 325.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 377.83 325.10 Td (at ) Tj ET Q q 0 0 0 rg BT 388.33 325.10 Td (6.18% ) Tj ET Q q 0 0 0 rg BT 417.45 325.10 Td (per ) Tj ET Q q 0 0 0 rg BT 433.51 325.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 466.28 325.10 Td (The ) Tj ET Q q 0 0 0 rg BT 485.11 325.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 502.28 325.10 Td (value ) Tj ET Q q 0 0 0 rg BT 527.22 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.84 325.10 Td (our ) Tj ET Q q 0 0 0 rg BT 555.46 325.10 Td (cross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 313.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 73.48 313.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 105.41 313.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 122.89 313.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 145.95 313.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 184.54 313.10 Td (as ) Tj ET Q q 0 0 0 rg BT 195.37 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.20 313.10 Td (December ) Tj ET Q q 0 0 0 rg BT 249.78 313.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 264.78 313.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 287.28 313.10 Td (\(December ) Tj ET Q q 0 0 0 rg BT 334.20 313.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 349.20 313.10 Td (2012: ) Tj ET Q q 0 0 0 rg BT 374.48 313.10 Td ($0 ) Tj ET Q q 0 0 0 rg BT 386.98 313.10 Td (million\), ) Tj ET Q q 0 0 0 rg BT 424.20 313.10 Td (was ) Tj ET Q q 0 0 0 rg BT 442.25 313.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.08 313.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 270.60 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 270.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 270.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 270.60 67.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 270.6 m 503.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 270.6 m 575.5 270.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 274.83 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.20 274.83 Td (Notionalamount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 274.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.10 274.83 Td (Fairvalue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 261.17 Td (Cross currency swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 261.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 261.17 Td (253.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 261.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 261.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 261.17 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 209.10 Td (As ) Tj ET Q q 0 0 0 rg BT 85.82 209.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.86 209.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.65 209.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.65 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.86 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.90 209.10 Td (net ) Tj ET Q q 0 0 0 rg BT 211.83 209.10 Td (ef) Tj ET Q q 0 0 0 rg BT 219.42 209.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 249.33 209.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 288.13 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.62 209.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 332.43 209.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 364.58 209.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 382.27 209.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 432.19 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 444.90 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.94 209.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 510.31 209.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 530.24 209.10 Td (was ) Tj ET Q q 0 0 0 rg BT 548.50 209.10 Td ($348.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 69.50 197.10 Td (based ) Tj ET Q q 0 0 0 rg BT 94.39 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.50 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.94 197.10 Td (total ) Tj ET Q q 0 0 0 rg BT 141.83 197.10 Td (net ) Tj ET Q q 0 0 0 rg BT 156.16 197.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 187.71 197.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 219.81 197.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 239.14 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.58 197.10 Td ($2,447.9 ) Tj ET Q q 0 0 0 rg BT 286.69 197.10 Td (million ) Tj ET Q q 0 0 0 rg BT 317.70 197.10 Td (less ) Tj ET Q q 0 0 0 rg BT 334.81 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.14 197.10 Td ($1,599.6 ) Tj ET Q q 0 0 0 rg BT 386.25 197.10 Td (million ) Tj ET Q q 0 0 0 rg BT 417.26 197.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 454.91 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.36 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.80 197.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 514.02 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.91 197.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 546.57 197.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 52.98 185.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 81.93 185.10 Td (less ) Tj ET Q q 0 0 0 rg BT 98.92 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.14 185.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 135.14 185.10 Td (million ) Tj ET Q q 0 0 0 rg BT 166.03 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.81 185.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 198.35 185.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 229.78 185.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 254.95 185.10 Td (An ) Tj ET Q q 0 0 0 rg BT 269.17 185.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 303.92 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.25 185.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 350.66 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.44 185.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 404.09 185.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 435.52 185.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 456.40 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.73 185.10 Td (one ) Tj ET Q q 0 0 0 rg BT 483.17 185.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 528.47 185.10 Td (point ) Tj ET Q q 0 0 0 rg BT 551.02 185.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 55.17 173.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 90.42 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.25 173.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 138.17 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.00 173.10 Td (ef) Tj ET Q q 0 0 0 rg BT 161.59 173.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 191.29 173.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.22 173.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 257.93 173.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.43 173.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 330.69 173.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 350.69 173.10 Td (million ) Tj ET Q q 0 0 0 rg BT 382.08 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.58 173.10 Td (an ) Tj ET Q q 0 0 0 rg BT 406.52 173.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 435.67 173.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 458.17 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 469.00 173.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.83 173.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 538.42 173.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.42 173.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 133.96 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.79 101.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 170.61 101.10 Td (risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.70 77.10 Td (market ) Tj ET Q q 0 0 0 rg BT 121.61 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.42 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.90 77.10 Td (services ) Tj ET Q q 0 0 0 rg BT 188.26 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.08 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.45 77.10 Td (of) Tj ET Q q 0 0 0 rg BT 221.60 77.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 249.74 77.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.45 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.04 77.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 297.52 77.10 Td (industry) Tj ET Q q 0 0 0 rg BT 329.65 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.30 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.89 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.37 77.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 413.07 77.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 444.00 77.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 484.36 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.84 77.10 Td (major ) Tj ET Q q 0 0 0 rg BT 522.32 77.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 565.45 77.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 84.54 65.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 136.68 65.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 150.51 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.22 65.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.83 65.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 227.53 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.24 65.10 Td (government ) Tj ET Q q 0 0 0 rg BT 296.28 65.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 326.21 65.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 340.04 65.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 388.34 65.10 Td (W) Tj ET Q q 0 0 0 rg BT 396.98 65.10 Td (e ) Tj ET Q q 0 0 0 rg BT 404.69 65.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 440.17 65.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 476.22 65.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 502.25 65.10 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 551.07 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 562.67 65.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 79.26 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.41 53.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 136.32 53.10 Td (do ) Tj ET Q q 0 0 0 rg BT 149.03 53.10 Td (not ) Tj ET Q q 0 0 0 rg BT 164.52 53.10 Td (require ) Tj ET Q q 0 0 0 rg BT 195.55 53.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 235.46 53.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.95 53.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.99 53.10 Td (business ) Tj ET Q q 0 0 0 rg BT 298.59 53.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 349.34 53.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 388.15 53.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.52 53.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 440.22 53.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 465.69 53.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 492.30 53.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.22 53.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 554.36 53.10 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 74.22 41.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 749.10 Td (The following table shows the distribution of contract revenue by customer:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 713.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 713.60 104.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 684.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 684.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 684.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 654.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 654.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 654.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 624.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 624.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 624.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 603.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 603.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 603.60 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 713.6 m 521.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 713.6 m 575.5 713.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 717.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 717.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.00 717.83 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 704.28 Td (Customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 689.27 Td (Statoil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 689.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 689.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 689.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 689.27 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 689.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 674.27 Td (Shell) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 674.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 674.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 674.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 674.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 674.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 659.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 659.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 659.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 659.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 659.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 659.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 644.27 Td (BG Norge Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 644.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 644.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 644.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 644.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 644.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 629.27 Td (ExxonMobil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 629.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 629.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 629.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 629.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 614.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 614.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 614.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 614.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 614.27 Td (%) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 474.00 606.41 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 524.00 606.41 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 528.00 606.41 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 593.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 593.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 593.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 593.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 593.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 593.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 565.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 565.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.03 565.10 Td (may ) Tj ET Q q 0 0 0 rg BT 108.20 565.10 Td (also ) Tj ET Q q 0 0 0 rg BT 127.26 565.10 Td (face ) Tj ET Q q 0 0 0 rg BT 146.86 565.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 172.58 565.10 Td (related ) Tj ET Q q 0 0 0 rg BT 202.73 565.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 229.58 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.31 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.48 565.10 Td (event ) Tj ET Q q 0 0 0 rg BT 280.09 565.10 Td (that ) Tj ET Q q 0 0 0 rg BT 298.03 565.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 357.63 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.36 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.64 565.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 427.58 565.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.51 565.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 511.24 565.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 550.28 565.10 Td (do ) Tj ET Q q 0 0 0 rg BT 563.24 565.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 553.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 69.85 553.10 Td (according ) Tj ET Q q 0 0 0 rg BT 110.92 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.34 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.19 553.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 158.05 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.03 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.88 553.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 218.11 553.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.30 553.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 259.70 553.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 276.35 553.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 305.21 553.10 Td (from ) Tj ET Q q 0 0 0 rg BT 326.29 553.10 Td (these ) Tj ET Q q 0 0 0 rg BT 348.48 553.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 406.76 553.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 434.49 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.91 553.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 487.20 553.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 514.95 553.10 Td (from ) Tj ET Q q 0 0 0 rg BT 536.03 553.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 541.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 77.91 541.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.55 541.10 Td (e ) Tj ET Q q 0 0 0 rg BT 94.56 541.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 135.33 541.10 Td (do ) Tj ET Q q 0 0 0 rg BT 148.91 541.10 Td (not ) Tj ET Q q 0 0 0 rg BT 165.26 541.10 Td (require ) Tj ET Q q 0 0 0 rg BT 197.15 541.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 237.92 541.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.15 541.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.05 541.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.61 541.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 354.95 541.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 397.12 541.10 Td (In ) Tj ET Q q 0 0 0 rg BT 409.02 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.81 541.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 458.94 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.85 541.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 528.01 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.80 541.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 529.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 94.66 529.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.90 529.10 Td (creditworthy ) Tj ET Q q 0 0 0 rg BT 162.01 529.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.02 529.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 247.99 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.46 529.10 Td (we ) Tj ET Q q 0 0 0 rg BT 278.14 529.10 Td (do ) Tj ET Q q 0 0 0 rg BT 290.17 529.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.97 529.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 333.08 529.10 Td (any ) Tj ET Q q 0 0 0 rg BT 349.55 529.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 393.78 529.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 411.37 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.17 529.10 Td (result ) Tj ET Q q 0 0 0 rg BT 445.41 529.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.87 529.10 Td (their ) Tj ET Q q 0 0 0 rg BT 487.22 529.10 Td (non-performance. ) Tj ET Q q 0 0 0 rg BT 560.45 529.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 517.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 61.26 517.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 99.86 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.69 517.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 153.17 517.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 191.77 517.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.94 517.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 249.52 517.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.02 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.74 517.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 293.11 517.10 Td (value ) Tj ET Q q 0 0 0 rg BT 317.27 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.10 517.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 366.69 517.10 Td (with ) Tj ET Q q 0 0 0 rg BT 386.97 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.91 517.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 428.08 517.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 444.45 517.10 Td (value ) Tj ET Q q 0 0 0 rg BT 468.61 517.10 Td (at ) Tj ET Q q 0 0 0 rg BT 478.32 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.04 517.10 Td (end ) Tj ET Q q 0 0 0 rg BT 509.98 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.81 517.10 Td (each ) Tj ET Q q 0 0 0 rg BT 541.63 517.10 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 482.25 Td (ITEM 12.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 482.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 482.25 Td (DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 175.47 482.25 Td ( SECURITIES OTHER ) Tj ET Q q 0 0 0 rg BT 279.49 482.25 Td (THAN EQUITY) Tj ET Q q 0 0 0 rg BT 349.97 482.25 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 458.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 458.25 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 435.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 435.25 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 435.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 435.25 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 412.25 Td (ITEM 13.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 412.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 412.25 Td (DEF) Tj ET Q q 0 0 0 rg BT 109.26 412.25 Td (AUL) Tj ET Q q 0 0 0 rg BT 129.45 412.25 Td (TS, DIVIDEND ) Tj ET Q q 0 0 0 rg BT 199.19 412.25 Td (ARREARAGES ) Tj ET Q q 0 0 0 rg BT 271.15 412.25 Td (AND DELINQUENCIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 388.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (ITEM 14.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 353.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 353.25 Td (MA) Tj ET Q q 0 0 0 rg BT 105.92 353.25 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 143.71 353.25 Td ( MODIFICA) Tj ET Q q 0 0 0 rg BT 198.24 353.25 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 231.68 353.25 Td (T) Tj ET Q q 0 0 0 rg BT 238.17 353.25 Td (O ) Tj ET Q q 0 0 0 rg BT 248.27 353.25 Td (THE RIGHTS OF) Tj ET Q q 0 0 0 rg BT 326.81 353.25 Td ( SECURITY) Tj ET Q q 0 0 0 rg BT 380.62 353.25 Td ( HOLDERS ) Tj ET Q q 0 0 0 rg BT 433.96 353.25 Td (AND USE OF) Tj ET Q q 0 0 0 rg BT 493.60 353.25 Td ( PROCEEDS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (Material ) Tj ET Q q 0 0 0 rg BT 75.70 329.25 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 137.09 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.92 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.75 329.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 194.03 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.86 329.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 242.91 329.25 Td (Holders) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (Use ) Tj ET Q q 0 0 0 rg BT 90.05 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.88 305.25 Td (Proceeds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 281.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.15 281.25 Td (Registration ) Tj ET Q q 0 0 0 rg BT 141.62 281.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 184.21 281.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.80 281.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 221.06 281.25 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 237.55 281.25 Td (\(Registration ) Tj ET Q q 0 0 0 rg BT 292.36 281.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 309.67 281.25 Td (333-185394\), ) Tj ET Q q 0 0 0 rg BT 366.43 281.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 399.56 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.94 281.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.86 281.25 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 479.55 281.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 505.47 281.25 Td (public ) Tj ET Q q 0 0 0 rg BT 533.06 281.25 Td (of) Tj ET Q q 0 0 0 rg BT 541.21 281.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 567.68 281.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (common ) Tj ET Q q 0 0 0 rg BT 73.28 269.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 103.06 269.25 Td (was ) Tj ET Q q 0 0 0 rg BT 120.89 269.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 157.04 269.25 Td (ef) Tj ET Q q 0 0 0 rg BT 164.63 269.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 194.12 269.25 Td (by ) Tj ET Q q 0 0 0 rg BT 206.40 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.90 269.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 241.53 269.25 Td (on ) Tj ET Q q 0 0 0 rg BT 253.81 269.25 Td (January ) Tj ET Q q 0 0 0 rg BT 287.20 269.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 301.98 269.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 326.77 269.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.89 269.25 Td (The ) Tj ET Q q 0 0 0 rg BT 346.72 269.25 Td (of) Tj ET Q q 0 0 0 rg BT 354.87 269.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 381.03 269.25 Td (date ) Tj ET Q q 0 0 0 rg BT 399.97 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.59 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.09 269.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 450.70 269.25 Td (public ) Tj ET Q q 0 0 0 rg BT 477.98 269.25 Td (of) Tj ET Q q 0 0 0 rg BT 486.13 269.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 512.29 269.25 Td (was ) Tj ET Q q 0 0 0 rg BT 530.13 269.25 Td (January ) Tj ET Q q 0 0 0 rg BT 563.52 269.25 Td (28, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 58.02 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 74.48 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.72 257.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 114.07 257.25 Td (public ) Tj ET Q q 0 0 0 rg BT 141.09 257.25 Td (of) Tj ET Q q 0 0 0 rg BT 149.24 257.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 175.14 257.25 Td (was ) Tj ET Q q 0 0 0 rg BT 192.71 257.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 236.38 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 248.40 257.25 Td (February ) Tj ET Q q 0 0 0 rg BT 286.52 257.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 296.04 257.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 320.57 257.25 Td (Mor) Tj ET Q q 0 0 0 rg BT 337.61 257.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 354.07 257.25 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 386.08 257.25 Td (& ) Tj ET Q q 0 0 0 rg BT 395.88 257.25 Td (Co. ) Tj ET Q q 0 0 0 rg BT 412.07 257.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 432.98 257.25 Td (acted ) Tj ET Q q 0 0 0 rg BT 456.10 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 466.45 257.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 485.13 257.25 Td (book-running ) Tj ET Q q 0 0 0 rg BT 541.59 257.25 Td (manager ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 46.69 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.83 245.25 Td (of) Tj ET Q q 0 0 0 rg BT 69.97 245.25 Td (fering, ) Tj ET Q q 0 0 0 rg BT 99.27 245.25 Td (Barclays ) Tj ET Q q 0 0 0 rg BT 137.17 245.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 168.96 245.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 189.65 245.25 Td (Goldman, ) Tj ET Q q 0 0 0 rg BT 232.28 245.25 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 258.52 245.25 Td (& ) Tj ET Q q 0 0 0 rg BT 269.22 245.25 Td (Co. ) Tj ET Q q 0 0 0 rg BT 286.30 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.66 245.25 Td (RS ) Tj ET Q q 0 0 0 rg BT 318.80 245.25 Td (Platou ) Tj ET Q q 0 0 0 rg BT 347.27 245.25 Td (Markets ) Tj ET Q q 0 0 0 rg BT 382.31 245.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 398.01 245.25 Td (acted ) Tj ET Q q 0 0 0 rg BT 422.02 245.25 Td (as ) Tj ET Q q 0 0 0 rg BT 433.27 245.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 454.52 245.25 Td (book-running ) Tj ET Q q 0 0 0 rg BT 511.87 245.25 Td (managers ) Tj ET Q q 0 0 0 rg BT 553.10 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 563.79 245.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 233.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 71.15 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.71 233.25 Td (DNB ) Tj ET Q q 0 0 0 rg BT 112.95 233.25 Td (Markets ) Tj ET Q q 0 0 0 rg BT 148.85 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.41 233.25 Td (Scotiabank ) Tj ET Q q 0 0 0 rg BT 213.97 233.25 Td (/ ) Tj ET Q q 0 0 0 rg BT 219.87 233.25 Td (Howard ) Tj ET Q q 0 0 0 rg BT 254.98 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 263.62 233.25 Td (eil ) Tj ET Q q 0 0 0 rg BT 276.74 233.25 Td (acted ) Tj ET Q q 0 0 0 rg BT 300.96 233.25 Td (as ) Tj ET Q q 0 0 0 rg BT 312.42 233.25 Td (co-managers ) Tj ET Q q 0 0 0 rg BT 366.62 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.53 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.87 233.25 Td (of) Tj ET Q q 0 0 0 rg BT 401.02 233.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 430.52 233.25 Td ( ) Tj ET Q q 0 0 0 rg BT 433.42 233.25 Td (The ) Tj ET Q q 0 0 0 rg BT 452.09 233.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 494.08 233.25 Td (price ) Tj ET Q q 0 0 0 rg BT 517.19 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.64 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 543.99 233.25 Td (of) Tj ET Q q 0 0 0 rg BT 552.14 233.25 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 68.47 221.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 110.37 221.25 Td (was ) Tj ET Q q 0 0 0 rg BT 128.39 221.25 Td ($143,750,000, ) Tj ET Q q 0 0 0 rg BT 188.36 221.25 Td (based ) Tj ET Q q 0 0 0 rg BT 213.60 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 226.08 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.77 221.25 Td (public ) Tj ET Q q 0 0 0 rg BT 268.24 221.25 Td (of) Tj ET Q q 0 0 0 rg BT 276.39 221.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 302.74 221.25 Td (price ) Tj ET Q q 0 0 0 rg BT 325.19 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.00 221.25 Td ($9.25 ) Tj ET Q q 0 0 0 rg BT 360.97 221.25 Td (per ) Tj ET Q q 0 0 0 rg BT 376.21 221.25 Td (share. ) Tj ET Q q 0 0 0 rg BT 402.28 221.25 Td (13,513,514 ) Tj ET Q q 0 0 0 rg BT 449.76 221.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 491.65 221.25 Td (common ) Tj ET Q q 0 0 0 rg BT 529.12 221.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 556.59 221.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 55.40 209.25 Td (in ) Tj ET Q q 0 0 0 rg BT 65.90 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.85 209.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 106.90 209.25 Td (public ) Tj ET Q q 0 0 0 rg BT 134.63 209.25 Td (of) Tj ET Q q 0 0 0 rg BT 142.77 209.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 169.38 209.25 Td (at ) Tj ET Q q 0 0 0 rg BT 179.32 209.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.49 209.25 Td (public ) Tj ET Q q 0 0 0 rg BT 214.21 209.25 Td (of) Tj ET Q q 0 0 0 rg BT 222.36 209.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 248.96 209.25 Td (price ) Tj ET Q q 0 0 0 rg BT 271.68 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.73 209.25 Td ($9.25 ) Tj ET Q q 0 0 0 rg BT 307.96 209.25 Td (per ) Tj ET Q q 0 0 0 rg BT 323.46 209.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 349.78 209.25 Td (with ) Tj ET Q q 0 0 0 rg BT 370.29 209.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 394.13 209.25 Td (of) Tj ET Q q 0 0 0 rg BT 402.28 209.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 428.88 209.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 467.15 209.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 500.42 209.25 Td ($125,000,000. ) Tj ET Q q 0 0 0 rg BT 560.45 209.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (over) Tj ET Q q 0 0 0 rg BT 53.57 197.25 Td (-allotment ) Tj ET Q q 0 0 0 rg BT 97.17 197.25 Td (option ) Tj ET Q q 0 0 0 rg BT 125.22 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.50 197.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 173.54 197.25 Td (an ) Tj ET Q q 0 0 0 rg BT 185.48 197.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 227.97 197.25 Td (2,027,027 ) Tj ET Q q 0 0 0 rg BT 270.47 197.25 Td (common ) Tj ET Q q 0 0 0 rg BT 307.96 197.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 335.45 197.25 Td (was ) Tj ET Q q 0 0 0 rg BT 353.50 197.25 Td (never ) Tj ET Q q 0 0 0 rg BT 378.21 197.25 Td (exercised.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.35 173.25 Td (total ) Tj ET Q q 0 0 0 rg BT 110.93 173.25 Td (net ) Tj ET Q q 0 0 0 rg BT 125.95 173.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 164.29 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.87 173.25 Td (us ) Tj ET Q q 0 0 0 rg BT 186.56 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 208.80 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.82 173.25 Td (of) Tj ET Q q 0 0 0 rg BT 231.97 173.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 258.65 173.25 Td (was ) Tj ET Q q 0 0 0 rg BT 277.00 173.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 337.57 173.25 Td ($1) Tj ET Q q 0 0 0 rg BT 347.20 173.25 Td (16.3 ) Tj ET Q q 0 0 0 rg BT 367.50 173.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 401.69 173.25 Td (after ) Tj ET Q q 0 0 0 rg BT 422.81 173.25 Td (deducting ) Tj ET Q q 0 0 0 rg BT 465.05 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.07 173.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 511.76 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.89 173.25 Td (underwriters) Tj ET Q q 0 0 0 rg BT 576.01 173.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 76.00 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.66 161.25 Td (commissions ) Tj ET Q q 0 0 0 rg BT 147.11 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.77 161.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 202.09 161.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 235.40 161.25 Td (by ) Tj ET Q q 0 0 0 rg BT 247.63 161.25 Td (us ) Tj ET Q q 0 0 0 rg BT 258.74 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.29 161.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 329.27 161.25 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 348.99 161.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 382.61 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.67 161.25 Td (The ) Tj ET Q q 0 0 0 rg BT 402.44 161.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 438.54 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.54 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.98 161.25 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 515.74 161.25 Td (was ) Tj ET Q q 0 0 0 rg BT 533.52 161.25 Td ($0.555 ) Tj ET Q q 0 0 0 rg BT 563.24 161.25 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (share ) Tj ET Q q 0 0 0 rg BT 58.83 149.25 Td (for ) Tj ET Q q 0 0 0 rg BT 72.22 149.25 Td (an ) Tj ET Q q 0 0 0 rg BT 83.39 149.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 123.98 149.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 177.36 149.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 212.98 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.04 149.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 282.53 149.25 Td ($7.5 ) Tj ET Q q 0 0 0 rg BT 301.76 149.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 334.76 149.25 Td (W) Tj ET Q q 0 0 0 rg BT 343.39 149.25 Td (e ) Tj ET Q q 0 0 0 rg BT 349.56 149.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 384.61 149.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.88 149.25 Td (of) Tj ET Q q 0 0 0 rg BT 415.03 149.25 Td (fering-related ) Tj ET Q q 0 0 0 rg BT 471.17 149.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 509.00 149.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 551.84 149.25 Td (filing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 57.36 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 73.72 137.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 119.51 137.25 Td (fees\) ) Tj ET Q q 0 0 0 rg BT 140.86 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.12 137.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 210.80 137.25 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 230.22 137.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 263.54 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.79 137.25 Td (which ) Tj ET Q q 0 0 0 rg BT 300.15 137.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 359.83 137.25 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 379.25 137.25 Td (million ) Tj ET Q q 0 0 0 rg BT 410.07 137.25 Td (was ) Tj ET Q q 0 0 0 rg BT 427.54 137.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 446.68 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.04 137.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 502.17 137.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 523.54 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.24 137.25 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 51.00 125.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 73.50 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.44 125.25 Td (were ) Tj ET Q q 0 0 0 rg BT 112.37 125.25 Td (not ) Tj ET Q q 0 0 0 rg BT 127.65 125.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 165.12 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.39 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.11 125.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 236.48 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.31 125.25 Td (net ) Tj ET Q q 0 0 0 rg BT 262.03 125.25 Td (proceeds. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.96 101.25 Td (As ) Tj ET Q q 0 0 0 rg BT 87.60 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.45 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.18 101.25 Td (date ) Tj ET Q q 0 0 0 rg BT 132.36 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.21 101.25 Td (this ) Tj ET Q q 0 0 0 rg BT 160.17 101.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 189.35 101.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 218.25 101.25 Td (we ) Tj ET Q q 0 0 0 rg BT 232.43 101.25 Td (have ) Tj ET Q q 0 0 0 rg BT 253.82 101.25 Td (used ) Tj ET Q q 0 0 0 rg BT 274.67 101.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 327.74 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.48 101.25 Td (net ) Tj ET Q q 0 0 0 rg BT 357.22 101.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 395.27 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.12 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.86 101.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 446.71 101.25 Td (public ) Tj ET Q q 0 0 0 rg BT 474.22 101.25 Td (of) Tj ET Q q 0 0 0 rg BT 482.37 101.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 508.77 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 522.95 101.25 Td (repayment ) Tj ET Q q 0 0 0 rg BT 567.67 101.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 55.72 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 72.66 89.25 Td (general ) Tj ET Q q 0 0 0 rg BT 104.58 89.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 144.83 89.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 182.88 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.82 89.25 Td (working ) Tj ET Q q 0 0 0 rg BT 235.65 89.25 Td (capital. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (ITEM 15.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 749.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 749.25 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 148.07 749.25 Td (AND PROCEDURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.66 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 725.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 111.82 725.25 Td (e of contr) Tj ET Q q 0 0 0 rg BT 152.18 725.25 Td (ols and pr) Tj ET Q q 0 0 0 rg BT 194.79 725.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 224.05 725.25 Td (es.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 701.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 701.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.27 701.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 127.78 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.20 701.25 Td (ef) Tj ET Q q 0 0 0 rg BT 149.79 701.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 196.41 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.94 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.35 701.25 Td (Company) Tj ET Q q 0 0 0 rg BT 263.02 701.25 Td (s ) Tj ET Q q 0 0 0 rg BT 269.11 701.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 311.86 701.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 346.27 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.91 701.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 408.97 701.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 422.83 701.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 455.02 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.99 701.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 489.97 701.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 531.04 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 547.67 701.25 Td (15d-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 49.22 689.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.12 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.46 689.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 129.54 689.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 149.43 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 159.89 689.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.35 689.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 228.56 689.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.56 689.25 Td (. ) Tj ET Q q 0 0 0 rg BT 253.18 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 255.31 689.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 281.87 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 294.00 689.25 Td (that ) Tj ET Q q 0 0 0 rg BT 311.12 689.25 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 357.39 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.85 689.25 Td (Principal ) Tj ET Q q 0 0 0 rg BT 411.08 689.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 453.18 689.25 Td (Of) Tj ET Q q 0 0 0 rg BT 463.55 689.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 483.99 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.56 689.25 Td (Principal ) Tj ET Q q 0 0 0 rg BT 538.79 689.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (Of) Tj ET Q q 0 0 0 rg BT 46.37 677.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 66.39 677.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 109.18 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 125.88 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.91 677.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 183.16 677.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 217.08 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.22 677.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 278.79 677.25 Td (were ) Tj ET Q q 0 0 0 rg BT 299.92 677.25 Td (ef) Tj ET Q q 0 0 0 rg BT 307.51 677.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 336.41 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 345.89 677.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 378.14 677.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 422.59 677.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 463.16 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 479.86 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.78 677.25 Td (information ) Tj ET Q q 0 0 0 rg BT 542.69 677.25 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 45.87 665.25 Td (be ) Tj ET Q q 0 0 0 rg BT 57.40 665.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 96.71 665.25 Td (by ) Tj ET Q q 0 0 0 rg BT 108.81 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.12 665.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.10 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.97 665.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 203.83 665.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 224.25 665.25 Td (under ) Tj ET Q q 0 0 0 rg BT 249.12 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.43 665.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 304.48 665.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 321.01 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 329.78 665.25 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 369.35 665.25 Td (processed, ) Tj ET Q q 0 0 0 rg BT 413.37 665.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 464.33 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.87 665.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 516.28 665.25 Td (within ) Tj ET Q q 0 0 0 rg BT 543.93 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 558.24 665.25 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 68.20 653.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 107.06 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.60 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.58 653.25 Td (SEC) Tj ET Q q 0 0 0 rg BT 153.70 653.25 Td (s ) Tj ET Q q 0 0 0 rg BT 160.35 653.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 182.55 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.75 653.25 Td (forms. ) Tj ET Q q 0 0 0 rg BT 228.15 653.25 Td (There ) Tj ET Q q 0 0 0 rg BT 254.22 653.25 Td (are ) Tj ET Q q 0 0 0 rg BT 269.19 653.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 304.72 653.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 350.26 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.80 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.78 653.25 Td (ef) Tj ET Q q 0 0 0 rg BT 383.37 653.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 430.56 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.65 653.25 Td (any ) Tj ET Q q 0 0 0 rg BT 458.85 653.25 Td (system ) Tj ET Q q 0 0 0 rg BT 489.39 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.48 653.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 543.79 653.25 Td (controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.28 641.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 100.49 641.25 Td (including ) Tj ET Q q 0 0 0 rg BT 140.11 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.17 641.25 Td (possibility ) Tj ET Q q 0 0 0 rg BT 197.68 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.85 641.25 Td (human ) Tj ET Q q 0 0 0 rg BT 236.91 641.25 Td (error ) Tj ET Q q 0 0 0 rg BT 258.18 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.47 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.52 641.25 Td (circumvention ) Tj ET Q q 0 0 0 rg BT 348.13 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.30 641.25 Td (overriding ) Tj ET Q q 0 0 0 rg BT 401.80 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.97 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.03 641.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 460.09 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.37 641.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 524.17 641.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 573.51 641.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (even ) Tj ET Q q 0 0 0 rg BT 57.38 629.25 Td (ef) Tj ET Q q 0 0 0 rg BT 64.96 629.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 94.67 629.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 137.71 629.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 172.43 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.37 629.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 235.74 629.25 Td (can ) Tj ET Q q 0 0 0 rg BT 252.11 629.25 Td (only ) Tj ET Q q 0 0 0 rg BT 272.39 629.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 305.44 629.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 350.69 629.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 392.06 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.89 629.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 444.26 629.25 Td (their ) Tj ET Q q 0 0 0 rg BT 465.09 629.25 Td (control ) Tj ET Q q 0 0 0 rg BT 495.91 629.25 Td (objectives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.22 605.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 605.25 Td (Management's annual r) Tj ET Q q 0 0 0 rg BT 173.49 605.25 Td (eport on internal contr) Tj ET Q q 0 0 0 rg BT 270.79 605.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 299.77 605.25 Td ( financial r) Tj ET Q q 0 0 0 rg BT 346.25 605.25 Td (eporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (This ) Tj ET Q q 0 0 0 rg BT 91.85 581.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 120.58 581.25 Td (report ) Tj ET Q q 0 0 0 rg BT 146.54 581.25 Td (does ) Tj ET Q q 0 0 0 rg BT 166.94 581.25 Td (not ) Tj ET Q q 0 0 0 rg BT 181.79 581.25 Td (include ) Tj ET Q q 0 0 0 rg BT 213.30 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 219.82 581.25 Td (report ) Tj ET Q q 0 0 0 rg BT 245.77 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.17 581.25 Td (management) Tj ET Q q 0 0 0 rg BT 310.04 581.25 Td (s ) Tj ET Q q 0 0 0 rg BT 316.01 581.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 362.52 581.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 402.91 581.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 435.53 581.25 Td (control ) Tj ET Q q 0 0 0 rg BT 465.93 581.25 Td (over ) Tj ET Q q 0 0 0 rg BT 485.77 581.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.83 581.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 561.56 581.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 46.28 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 53.22 569.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 93.49 569.25 Td (period ) Tj ET Q q 0 0 0 rg BT 121.54 569.25 Td (established ) Tj ET Q q 0 0 0 rg BT 168.47 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 180.97 569.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 202.91 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.74 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.46 569.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 270.39 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.33 569.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 329.25 569.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 382.32 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 396.48 569.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 423.42 569.25 Td (public ) Tj ET Q q 0 0 0 rg BT 450.91 569.25 Td (companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 545.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 545.25 Td (Attestation r) Tj ET Q q 0 0 0 rg BT 125.97 545.25 Td (eport of the r) Tj ET Q q 0 0 0 rg BT 182.16 545.25 Td (egister) Tj ET Q q 0 0 0 rg BT 210.29 545.25 Td (ed public accounting firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 521.25 Td (This ) Tj ET Q q 0 0 0 rg BT 92.13 521.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 121.14 521.25 Td (report ) Tj ET Q q 0 0 0 rg BT 147.37 521.25 Td (does ) Tj ET Q q 0 0 0 rg BT 168.05 521.25 Td (not ) Tj ET Q q 0 0 0 rg BT 183.18 521.25 Td (include ) Tj ET Q q 0 0 0 rg BT 214.97 521.25 Td (an ) Tj ET Q q 0 0 0 rg BT 226.76 521.25 Td (attestation ) Tj ET Q q 0 0 0 rg BT 270.21 521.25 Td (report ) Tj ET Q q 0 0 0 rg BT 296.44 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.12 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.69 521.25 Td (Company) Tj ET Q q 0 0 0 rg BT 363.36 521.25 Td (s ) Tj ET Q q 0 0 0 rg BT 369.60 521.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 411.38 521.25 Td (public ) Tj ET Q q 0 0 0 rg BT 438.72 521.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 484.95 521.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 504.52 521.25 Td (due ) Tj ET Q q 0 0 0 rg BT 521.31 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.44 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 538.23 521.25 Td (transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (period ) Tj ET Q q 0 0 0 rg BT 64.05 509.25 Td (established ) Tj ET Q q 0 0 0 rg BT 110.98 509.25 Td (by ) Tj ET Q q 0 0 0 rg BT 123.48 509.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 145.42 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.25 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.97 509.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 212.90 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.84 509.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 271.76 509.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 324.83 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 338.99 509.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 365.93 509.25 Td (public ) Tj ET Q q 0 0 0 rg BT 393.42 509.25 Td (companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.22 485.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 485.25 Td (Changes in internal contr) Tj ET Q q 0 0 0 rg BT 180.99 485.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 209.96 485.25 Td ( financial r) Tj ET Q q 0 0 0 rg BT 256.45 485.25 Td (eporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.25 Td (There ) Tj ET Q q 0 0 0 rg BT 97.90 461.25 Td (were ) Tj ET Q q 0 0 0 rg BT 119.92 461.25 Td (no ) Tj ET Q q 0 0 0 rg BT 132.51 461.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 167.31 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.68 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 193.60 461.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 226.73 461.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 261.53 461.25 Td (over ) Tj ET Q q 0 0 0 rg BT 281.89 461.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.46 461.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 358.71 461.25 Td (that ) Tj ET Q q 0 0 0 rg BT 376.29 461.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 413.85 461.25 Td (during ) Tj ET Q q 0 0 0 rg BT 442.55 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.36 461.25 Td (period ) Tj ET Q q 0 0 0 rg BT 485.50 461.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 519.73 461.25 Td (by ) Tj ET Q q 0 0 0 rg BT 532.32 461.25 Td (this ) Tj ET Q q 0 0 0 rg BT 549.36 461.25 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (report ) Tj ET Q q 0 0 0 rg BT 62.38 449.25 Td (that ) Tj ET Q q 0 0 0 rg BT 79.87 449.25 Td (have ) Tj ET Q q 0 0 0 rg BT 101.25 449.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 144.29 449.25 Td (af) Tj ET Q q 0 0 0 rg BT 151.87 449.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 181.30 449.25 Td (or ) Tj ET Q q 0 0 0 rg BT 192.13 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 206.83 449.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 252.65 449.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 277.92 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.20 449.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 331.24 449.25 Td (af) Tj ET Q q 0 0 0 rg BT 338.83 449.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 358.81 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.64 449.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 407.68 449.25 Td (control ) Tj ET Q q 0 0 0 rg BT 438.51 449.25 Td (over ) Tj ET Q q 0 0 0 rg BT 458.78 449.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 496.26 449.25 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 414.25 Td (ITEM 16A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 414.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 414.25 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 122.05 414.25 Td ( COMMITTEE FINANCIAL) Tj ET Q q 0 0 0 rg BT 247.61 414.25 Td ( EXPER) Tj ET Q q 0 0 0 rg BT 283.65 414.25 Td (T) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 390.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.46 390.25 Td (board ) Tj ET Q q 0 0 0 rg BT 116.14 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.38 390.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 165.28 390.25 Td (has ) Tj ET Q q 0 0 0 rg BT 181.52 390.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 229.41 390.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.31 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.44 390.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 281.46 390.25 Td (member ) Tj ET Q q 0 0 0 rg BT 317.13 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.37 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.50 390.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 366.40 390.25 Td (committee, ) Tj ET Q q 0 0 0 rg BT 414.02 390.25 Td (Kate ) Tj ET Q q 0 0 0 rg BT 435.81 390.25 Td (Blankenship, ) Tj ET Q q 0 0 0 rg BT 491.21 390.25 Td (is ) Tj ET Q q 0 0 0 rg BT 500.79 390.25 Td (an ) Tj ET Q q 0 0 0 rg BT 513.14 390.25 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 378.25 Td (director ) Tj ET Q q 0 0 0 rg BT 69.59 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 86.53 378.25 Td (is ) Tj ET Q q 0 0 0 rg BT 95.70 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.42 378.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 132.91 378.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 177.62 378.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.10 378.25 Td (expert.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 330.25 Td (ITEM 16B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.34 330.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 330.25 Td (CODE OF) Tj ET Q q 0 0 0 rg BT 134.91 330.25 Td ( ETHICS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 306.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 306.25 Td (e ) Tj ET Q q 0 0 0 rg BT 86.80 306.25 Td (have ) Tj ET Q q 0 0 0 rg BT 107.40 306.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 140.78 306.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.94 306.25 Td (code ) Tj ET Q q 0 0 0 rg BT 167.54 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.60 306.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 210.97 306.25 Td (that ) Tj ET Q q 0 0 0 rg BT 227.69 306.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 257.74 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.24 306.25 Td (all ) Tj ET Q q 0 0 0 rg BT 278.96 306.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 309.57 306.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 351.83 306.25 Td (by ) Tj ET Q q 0 0 0 rg BT 363.56 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.50 306.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 418.11 306.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.27 306.25 Td (its ) Tj ET Q q 0 0 0 rg BT 445.44 306.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 492.43 306.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 531.64 306.25 Td (of) Tj ET Q q 0 0 0 rg BT 539.79 306.25 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 53.37 294.25 Td (agents. ) Tj ET Q q 0 0 0 rg BT 83.69 294.25 Td (A) Tj ET Q q 0 0 0 rg BT 90.36 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.29 294.25 Td (copy ) Tj ET Q q 0 0 0 rg BT 115.66 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.91 294.25 Td (our ) Tj ET Q q 0 0 0 rg BT 143.17 294.25 Td (code ) Tj ET Q q 0 0 0 rg BT 164.98 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.23 294.25 Td (ethics ) Tj ET Q q 0 0 0 rg BT 202.49 294.25 Td (has ) Tj ET Q q 0 0 0 rg BT 218.74 294.25 Td (been ) Tj ET Q q 0 0 0 rg BT 240.55 294.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 261.80 294.25 Td (as ) Tj ET Q q 0 0 0 rg BT 273.06 294.25 Td (an ) Tj ET Q q 0 0 0 rg BT 285.42 294.25 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 316.12 294.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.83 294.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.09 294.25 Td (Registration ) Tj ET Q q 0 0 0 rg BT 394.90 294.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 437.81 294.25 Td (on ) Tj ET Q q 0 0 0 rg BT 450.74 294.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 475.34 294.25 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 492.16 294.25 Td (\(Registration ) Tj ET Q q 0 0 0 rg BT 547.29 294.25 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 282.25 Td (333-185394\) ) Tj ET Q q 0 0 0 rg BT 90.16 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.10 282.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.27 282.25 Td (also ) Tj ET Q q 0 0 0 rg BT 134.88 282.25 Td (available ) Tj ET Q q 0 0 0 rg BT 173.47 282.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.97 282.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.80 282.25 Td (website ) Tj ET Q q 0 0 0 rg BT 234.84 282.25 Td (at ) Tj ET Q q 0 0 0 rg BT 244.56 282.25 Td (www) Tj ET Q q 0 0 0 rg BT 265.58 282.25 Td (.nadlcorp.com. ) Tj ET Q q 0 0 0 rg BT 327.78 282.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 258.25 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 126.07 258.25 Td (may ) Tj ET Q q 0 0 0 rg BT 145.15 258.25 Td (also ) Tj ET Q q 0 0 0 rg BT 163.12 258.25 Td (request ) Tj ET Q q 0 0 0 rg BT 193.86 258.25 Td (a ) Tj ET Q q 0 0 0 rg BT 200.16 258.25 Td (copy ) Tj ET Q q 0 0 0 rg BT 221.46 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.65 258.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.84 258.25 Td (code ) Tj ET Q q 0 0 0 rg BT 267.58 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.77 258.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 311.29 258.25 Td (at ) Tj ET Q q 0 0 0 rg BT 320.37 258.25 Td (no ) Tj ET Q q 0 0 0 rg BT 332.23 258.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 352.70 258.25 Td (by ) Tj ET Q q 0 0 0 rg BT 364.56 258.25 Td (writing ) Tj ET Q q 0 0 0 rg BT 395.31 258.25 Td (or ) Tj ET Q q 0 0 0 rg BT 405.50 258.25 Td (telephoning ) Tj ET Q q 0 0 0 rg BT 454.58 258.25 Td (us ) Tj ET Q q 0 0 0 rg BT 465.33 258.25 Td (at ) Tj ET Q q 0 0 0 rg BT 474.41 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.49 258.25 Td (following ) Tj ET Q q 0 0 0 rg BT 529.23 258.25 Td (address:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.70 234.25 Td (North ) Tj ET Q q 0 0 0 rg BT 268.98 234.25 Td (Atlantic Drilling Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.95 222.25 Td (C/O North ) Tj ET Q q 0 0 0 rg BT 270.40 222.25 Td (Atlantic Management ) Tj ET Q q 0 0 0 rg BT 359.26 222.25 Td (AS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 210.25 Td (Lokkeveien 107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.55 198.25 Td (P) Tj ET Q q 0 0 0 rg BT 243.00 198.25 Td (.O. Box 109, 4001 Stavanger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.85 186.25 Td (Norway) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.95 174.25 Td (T) Tj ET Q q 0 0 0 rg BT 261.36 174.25 Td (el.: +47 51 30 90 00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 162.25 Td (Fax: +47 51 30 90 01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 126.25 Td (ITEM 16C.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 720.50 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 720.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 720.50 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 720.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 720.50 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 692.50 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 692.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 692.50 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 692.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 692.50 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 664.50 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 664.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 664.50 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 664.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 664.50 74.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 720.5 m 409.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 720.5 m 483.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 720.5 m 561.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 720.5 m 483.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 720.5 m 561.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 664.5 m 483.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 664.5 m 561.5 664.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 724.73 Td (\(in U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.00 724.73 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.00 724.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.00 724.73 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 711.07 Td (Audit fees \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 711.07 Td (1,462,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 711.07 Td (1,371,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 697.07 Td (Audit-related fees \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 697.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 697.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 683.07 Td (Taxation fees \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 683.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 683.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 669.07 Td (All other fees \(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 669.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 669.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 655.07 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 655.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 655.07 Td (1,462,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 655.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 655.07 Td (1,371,778) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 627.00 Td (a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 44.33 627.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 627.00 Td (Audit ) Tj ET Q q 0 0 0 rg BT 98.95 627.00 Td (Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 603.00 Td (Audit fees represent professional services rendered for the audit of our annual financial statements and services provided by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 591.00 Td (principal accountant in connection with statutory and regulatory filings or engagements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 483.00 Td (c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.77 483.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 483.00 Td (T) Tj ET Q q 0 0 0 rg BT 77.75 483.00 Td (axation ) Tj ET Q q 0 0 0 rg BT 111.92 483.00 Td (Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 459.00 Td (T) Tj ET Q q 0 0 0 rg BT 41.41 459.00 Td (axation fees represent fees for professional services rendered by the principal accountant for tax compliance, tax advice and tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 447.00 Td (planning.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 411.00 Td (d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 44.89 411.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 411.00 Td (All ) Tj ET Q q 0 0 0 rg BT 87.28 411.00 Td (Other) Tj ET Q q 0 0 0 rg BT 112.64 411.00 Td ( ) Tj ET Q q 0 0 0 rg BT 115.14 411.00 Td (Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 387.00 Td (All other fees include services other than audit fees, audit-related fees and taxation fees set forth above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 351.00 Td (e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.77 351.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 351.00 Td (Audit ) Tj ET Q q 0 0 0 rg BT 98.95 351.00 Td (Committee) Tj ET Q q 0 0 0 rg BT 149.11 351.00 Td (s ) Tj ET Q q 0 0 0 rg BT 155.50 351.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 165.87 351.00 Td (e-Appr) Tj ET Q q 0 0 0 rg BT 196.24 351.00 Td (oval ) Tj ET Q q 0 0 0 rg BT 216.52 351.00 Td (Policies ) Tj ET Q q 0 0 0 rg BT 251.23 351.00 Td (and ) Tj ET Q q 0 0 0 rg BT 269.85 351.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 280.22 351.00 Td (ocedur) Tj ET Q q 0 0 0 rg BT 309.48 351.00 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 327.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.55 327.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 117.99 327.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.31 327.00 Td (Directors ) Tj ET Q q 0 0 0 rg BT 169.52 327.00 Td (has ) Tj ET Q q 0 0 0 rg BT 185.85 327.00 Td (adopted ) Tj ET Q q 0 0 0 rg BT 220.50 327.00 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 274.58 327.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 308.68 327.00 Td (and ) Tj ET Q q 0 0 0 rg BT 326.12 327.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 372.99 327.00 Td (in ) Tj ET Q q 0 0 0 rg BT 383.76 327.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 432.85 327.00 Td (with ) Tj ET Q q 0 0 0 rg BT 453.63 327.00 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 496.60 327.00 Td (\(c\)\(7\)\(i\) ) Tj ET Q q 0 0 0 rg BT 531.79 327.00 Td (of ) Tj ET Q q 0 0 0 rg BT 543.12 327.00 Td (Rule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 315.00 Td (2-01 ) Tj ET Q q 0 0 0 rg BT 56.32 315.00 Td (of ) Tj ET Q q 0 0 0 rg BT 66.64 315.00 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 112.51 315.00 Td (S-X ) Tj ET Q q 0 0 0 rg BT 130.61 315.00 Td (that ) Tj ET Q q 0 0 0 rg BT 147.59 315.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 181.79 315.00 Td (the ) Tj ET Q q 0 0 0 rg BT 196.00 315.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 222.42 315.00 Td (to ) Tj ET Q q 0 0 0 rg BT 232.19 315.00 Td (approve ) Tj ET Q q 0 0 0 rg BT 266.39 315.00 Td (the ) Tj ET Q q 0 0 0 rg BT 280.59 315.00 Td (appointment ) Tj ET Q q 0 0 0 rg BT 332.57 315.00 Td (of ) Tj ET Q q 0 0 0 rg BT 342.89 315.00 Td (our ) Tj ET Q q 0 0 0 rg BT 358.21 315.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 409.07 315.00 Td (auditor ) Tj ET Q q 0 0 0 rg BT 439.38 315.00 Td (before ) Tj ET Q q 0 0 0 rg BT 466.91 315.00 Td (such ) Tj ET Q q 0 0 0 rg BT 487.23 315.00 Td (auditor ) Tj ET Q q 0 0 0 rg BT 517.54 315.00 Td (is ) Tj ET Q q 0 0 0 rg BT 526.20 315.00 Td (engaged, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 303.00 Td (and ) Tj ET Q q 0 0 0 rg BT 52.66 303.00 Td (approve ) Tj ET Q q 0 0 0 rg BT 87.08 303.00 Td (each ) Tj ET Q q 0 0 0 rg BT 107.61 303.00 Td (of ) Tj ET Q q 0 0 0 rg BT 118.16 303.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 303.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 154.80 303.00 Td (and ) Tj ET Q q 0 0 0 rg BT 171.46 303.00 Td (non-audit ) Tj ET Q q 0 0 0 rg BT 212.00 303.00 Td (related ) Tj ET Q q 0 0 0 rg BT 241.42 303.00 Td (services ) Tj ET Q q 0 0 0 rg BT 275.84 303.00 Td (to ) Tj ET Q q 0 0 0 rg BT 285.84 303.00 Td (be ) Tj ET Q q 0 0 0 rg BT 297.49 303.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 335.26 303.00 Td (by ) Tj ET Q q 0 0 0 rg BT 347.47 303.00 Td (such ) Tj ET Q q 0 0 0 rg BT 368.02 303.00 Td (auditor ) Tj ET Q q 0 0 0 rg BT 398.56 303.00 Td (under ) Tj ET Q q 0 0 0 rg BT 423.55 303.00 Td (such ) Tj ET Q q 0 0 0 rg BT 444.10 303.00 Td (engagement ) Tj ET Q q 0 0 0 rg BT 494.62 303.00 Td (by ) Tj ET Q q 0 0 0 rg BT 506.84 303.00 Td (the ) Tj ET Q q 0 0 0 rg BT 521.27 303.00 Td (Company) Tj ET Q q 0 0 0 rg BT 559.51 303.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 291.00 Td (All ) Tj ET Q q 0 0 0 rg BT 51.28 291.00 Td (services ) Tj ET Q q 0 0 0 rg BT 85.99 291.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 124.03 291.00 Td (by ) Tj ET Q q 0 0 0 rg BT 136.53 291.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.25 291.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 189.29 291.00 Td (auditor ) Tj ET Q q 0 0 0 rg BT 220.12 291.00 Td (in ) Tj ET Q q 0 0 0 rg BT 230.39 291.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 252.89 291.00 Td (and ) Tj ET Q q 0 0 0 rg BT 269.83 291.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 292.33 291.00 Td ( ) Tj ET Q q 0 0 0 rg BT 294.83 291.00 Td (were ) Tj ET Q q 0 0 0 rg BT 316.76 291.00 Td (approved ) Tj ET Q q 0 0 0 rg BT 356.47 291.00 Td (by ) Tj ET Q q 0 0 0 rg BT 368.97 291.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.69 291.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 410.62 291.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 447.56 291.00 Td (to ) Tj ET Q q 0 0 0 rg BT 457.84 291.00 Td (the ) Tj ET Q q 0 0 0 rg BT 472.56 291.00 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 526.14 291.00 Td (policy) Tj ET Q q 0 0 0 rg BT 550.49 291.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 267.00 Td (ITEM 16D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 267.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 267.00 Td (EXEMPTIONS FROM LISTING ST) Tj ET Q q 0 0 0 rg BT 248.45 267.00 Td (ANDARDS FOR ) Tj ET Q q 0 0 0 rg BT 322.90 267.00 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 354.95 267.00 Td ( COMMITTEES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 243.00 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 219.00 Td (ITEM 16E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.34 219.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 219.00 Td (PURCHASES OF) Tj ET Q q 0 0 0 rg BT 166.58 219.00 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 208.16 219.00 Td ( SECURITIES BY) Tj ET Q q 0 0 0 rg BT 287.27 219.00 Td ( ) Tj ET Q q 0 0 0 rg BT 289.58 219.00 Td (THE ISSUER ) Tj ET Q q 0 0 0 rg BT 351.28 219.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 374.89 219.00 Td (AFFILIA) Tj ET Q q 0 0 0 rg BT 415.26 219.00 Td (TED PURCHASES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 195.00 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 171.00 Td (ITEM 16F) Tj ET Q q 0 0 0 rg BT 80.36 171.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.86 171.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 171.00 Td (CHANGE IN REGISTRANT'S CER) Tj ET Q q 0 0 0 rg BT 247.73 171.00 Td (TIFYING ) Tj ET Q q 0 0 0 rg BT 292.47 171.00 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 342.28 171.00 Td (ANT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 147.00 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 123.00 Td (ITEM 16G.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.45 123.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 123.00 Td (CORPORA) Tj ET Q q 0 0 0 rg BT 139.81 123.00 Td (TE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 99.00 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 108.95 99.00 Td (to ) Tj ET Q q 0 0 0 rg BT 118.68 99.00 Td (an ) Tj ET Q q 0 0 0 rg BT 130.07 99.00 Td (exception ) Tj ET Q q 0 0 0 rg BT 170.90 99.00 Td (under ) Tj ET Q q 0 0 0 rg BT 195.62 99.00 Td (the ) Tj ET Q q 0 0 0 rg BT 209.79 99.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 237.85 99.00 Td (listing ) Tj ET Q q 0 0 0 rg BT 264.81 99.00 Td (standards ) Tj ET Q q 0 0 0 rg BT 304.53 99.00 Td (available ) Tj ET Q q 0 0 0 rg BT 342.57 99.00 Td (to ) Tj ET Q q 0 0 0 rg BT 352.30 99.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 383.13 99.00 Td (private ) Tj ET Q q 0 0 0 rg BT 412.85 99.00 Td (issuers, ) Tj ET Q q 0 0 0 rg BT 444.52 99.00 Td (we ) Tj ET Q q 0 0 0 rg BT 458.13 99.00 Td (are ) Tj ET Q q 0 0 0 rg BT 472.29 99.00 Td (not ) Tj ET Q q 0 0 0 rg BT 487.02 99.00 Td (required ) Tj ET Q q 0 0 0 rg BT 522.29 99.00 Td (to ) Tj ET Q q 0 0 0 rg BT 532.02 99.00 Td (comply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 87.00 Td (with ) Tj ET Q q 0 0 0 rg BT 56.73 87.00 Td (all ) Tj ET Q q 0 0 0 rg BT 69.67 87.00 Td (of ) Tj ET Q q 0 0 0 rg BT 80.96 87.00 Td (the ) Tj ET Q q 0 0 0 rg BT 96.12 87.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 136.83 87.00 Td (governance ) Tj ET Q q 0 0 0 rg BT 185.86 87.00 Td (practices ) Tj ET Q q 0 0 0 rg BT 224.35 87.00 Td (followed ) Tj ET Q q 0 0 0 rg BT 262.84 87.00 Td (by ) Tj ET Q q 0 0 0 rg BT 275.79 87.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 296.53 87.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 342.24 87.00 Td (under ) Tj ET Q q 0 0 0 rg BT 367.96 87.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.13 87.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 412.19 87.00 Td (listing ) Tj ET Q q 0 0 0 rg BT 440.15 87.00 Td (standards, ) Tj ET Q q 0 0 0 rg BT 483.37 87.00 Td (which ) Tj ET Q q 0 0 0 rg BT 510.76 87.00 Td (are ) Tj ET Q q 0 0 0 rg BT 525.91 87.00 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 75.00 Td (at) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 45.716796875 73.6669921875 m 107.279296875 73.6669921875 l s q 0 0 0 rg BT 45.72 75.00 Td (www) Tj ET Q q 0 0 0 rg BT 66.73 75.00 Td (.nyse.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.28 75.00 Td (. ) Tj ET Q q 0 0 0 rg BT 113.83 75.00 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 152.89 75.00 Td (to ) Tj ET Q q 0 0 0 rg BT 164.72 75.00 Td (Section303.A.1) Tj ET Q q 0 0 0 rg BT 229.07 75.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 238.13 75.00 Td (of ) Tj ET Q q 0 0 0 rg BT 250.51 75.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.78 75.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 296.95 75.00 Td (Listed ) Tj ET Q q 0 0 0 rg BT 326.00 75.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.95 75.00 Td (Manual, ) Tj ET Q q 0 0 0 rg BT 406.05 75.00 Td (we ) Tj ET Q q 0 0 0 rg BT 421.76 75.00 Td (are ) Tj ET Q q 0 0 0 rg BT 438.03 75.00 Td (required ) Tj ET Q q 0 0 0 rg BT 475.40 75.00 Td (to ) Tj ET Q q 0 0 0 rg BT 487.23 75.00 Td (list ) Tj ET Q q 0 0 0 rg BT 503.51 75.00 Td (the ) Tj ET Q q 0 0 0 rg BT 519.79 75.00 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 63.00 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 63.00 Td (ferences ) Tj ET Q q 0 0 0 rg BT 82.29 63.00 Td (between ) Tj ET Q q 0 0 0 rg BT 117.67 63.00 Td (our ) Tj ET Q q 0 0 0 rg BT 133.05 63.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 172.87 63.00 Td (governance ) Tj ET Q q 0 0 0 rg BT 221.01 63.00 Td (practices ) Tj ET Q q 0 0 0 rg BT 258.60 63.00 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 63.00 Td (the ) Tj ET Q q 0 0 0 rg BT 289.37 63.00 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 317.54 63.00 Td (standards ) Tj ET Q q 0 0 0 rg BT 357.37 63.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 400.51 63.00 Td (to ) Tj ET Q q 0 0 0 rg BT 410.35 63.00 Td (listed ) Tj ET Q q 0 0 0 rg BT 434.07 63.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 453.92 63.00 Td (companies. ) Tj ET Q q 0 0 0 rg BT 501.24 63.00 Td (Set ) Tj ET Q q 0 0 0 rg BT 516.07 63.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 537.57 63.00 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 51.00 Td (is ) Tj ET Q q 0 0 0 rg BT 45.17 51.00 Td (a ) Tj ET Q q 0 0 0 rg BT 52.11 51.00 Td (list ) Tj ET Q q 0 0 0 rg BT 66.83 51.00 Td (of ) Tj ET Q q 0 0 0 rg BT 77.67 51.00 Td (those ) Tj ET Q q 0 0 0 rg BT 101.27 51.00 Td (dif) Tj ET Q q 0 0 0 rg BT 112.20 51.00 Td (ferences.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 742.25 Td (Independence ) Tj ET Q q 0 0 0 rg BT 132.66 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.88 742.25 Td (Directors) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.21 742.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.71 742.25 Td () Tj ET Q q 0 0 0 rg BT 187.03 742.25 Td (The ) Tj ET Q q 0 0 0 rg BT 205.47 742.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 234.47 742.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 269.57 742.25 Td (that ) Tj ET Q q 0 0 0 rg BT 287.45 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.78 742.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 315.46 742.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 340.01 742.25 Td (company ) Tj ET Q q 0 0 0 rg BT 379.56 742.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 417.44 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 424.77 742.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 461.54 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.76 742.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 524.52 742.25 Td (directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 730.25 Td (As ) Tj ET Q q 0 0 0 rg BT 49.72 730.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 90.65 730.25 Td (under ) Tj ET Q q 0 0 0 rg BT 116.03 730.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 155.29 730.25 Td (law ) Tj ET Q q 0 0 0 rg BT 172.34 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.39 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.33 730.25 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 248.20 730.25 Td (two ) Tj ET Q q 0 0 0 rg BT 265.81 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.75 730.25 Td (six ) Tj ET Q q 0 0 0 rg BT 291.03 730.25 Td (members ) Tj ET Q q 0 0 0 rg BT 330.29 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.23 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 357.17 730.25 Td (board ) Tj ET Q q 0 0 0 rg BT 382.55 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.49 730.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 431.08 730.25 Td (are ) Tj ET Q q 0 0 0 rg BT 445.90 730.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 497.38 730.25 Td (according ) Tj ET Q q 0 0 0 rg BT 539.41 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 730.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.25 Td (NYSE) Tj ET Q q 0 0 0 rg BT 64.89 718.25 Td (s ) Tj ET Q q 0 0 0 rg BT 71.28 718.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 111.55 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 125.71 718.25 Td (independence.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 694.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 135.50 694.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 183.98 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.58 694.25 Td (Nominating/Corporate ) Tj ET Q q 0 0 0 rg BT 301.53 694.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 355.56 694.25 Td (Committee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 694.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 424.59 694.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 454.74 694.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 490.99 694.25 Td (that ) Tj ET Q q 0 0 0 rg BT 510.03 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 518.51 694.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 544.22 694.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 682.25 Td (company ) Tj ET Q q 0 0 0 rg BT 74.11 682.25 Td (have ) Tj ET Q q 0 0 0 rg BT 94.43 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.32 682.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 157.31 682.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 200.97 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.86 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 222.75 682.25 Td (nominating/corporate ) Tj ET Q q 0 0 0 rg BT 310.28 682.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 357.82 682.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 401.47 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.25 682.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 461.58 682.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 498.01 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.90 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.79 682.25 Td (committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 66.60 670.25 Td (specifying ) Tj ET Q q 0 0 0 rg BT 111.10 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.17 670.25 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 163.17 670.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 189.91 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.19 670.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 251.69 670.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 298.40 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.58 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.64 670.25 Td (committee. ) Tj ET Q q 0 0 0 rg BT 371.57 670.25 Td (As ) Tj ET Q q 0 0 0 rg BT 385.53 670.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 426.69 670.25 Td (under ) Tj ET Q q 0 0 0 rg BT 452.31 670.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 491.81 670.25 Td (law ) Tj ET Q q 0 0 0 rg BT 509.10 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.38 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 542.56 670.25 Td (Bye-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 59.33 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 73.49 658.25 Td (do ) Tj ET Q q 0 0 0 rg BT 85.99 658.25 Td (not ) Tj ET Q q 0 0 0 rg BT 101.27 658.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 139.86 658.25 Td (have ) Tj ET Q q 0 0 0 rg BT 161.24 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 168.18 658.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 226.22 658.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 270.93 658.25 Td (or ) Tj ET Q q 0 0 0 rg BT 281.76 658.25 Td (nominating ) Tj ET Q q 0 0 0 rg BT 329.81 658.25 Td (or ) Tj ET Q q 0 0 0 rg BT 340.64 658.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 380.89 658.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 429.48 658.25 Td (committee.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 634.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 116.83 634.25 Td (Sessions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.84 634.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.34 634.25 Td () Tj ET Q q 0 0 0 rg BT 156.66 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 176.49 634.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 206.89 634.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 243.38 634.25 Td (that ) Tj ET Q q 0 0 0 rg BT 262.66 634.25 Td (non-management ) Tj ET Q q 0 0 0 rg BT 336.36 634.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 375.63 634.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 399.35 634.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 439.72 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 451.79 634.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 494.38 634.25 Td (sessions ) Tj ET Q q 0 0 0 rg BT 531.45 634.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 92.05 622.25 Td (The ) Tj ET Q q 0 0 0 rg BT 110.25 622.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 139.02 622.25 Td (also ) Tj ET Q q 0 0 0 rg BT 157.78 622.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 192.64 622.25 Td (that ) Tj ET Q q 0 0 0 rg BT 210.29 622.25 Td (all ) Tj ET Q q 0 0 0 rg BT 222.94 622.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 274.47 622.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 312.10 622.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 334.19 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.62 622.25 Td (an ) Tj ET Q q 0 0 0 rg BT 356.72 622.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 397.68 622.25 Td (session ) Tj ET Q q 0 0 0 rg BT 429.23 622.25 Td (at ) Tj ET Q q 0 0 0 rg BT 439.10 622.25 Td (least ) Tj ET Q q 0 0 0 rg BT 460.08 622.25 Td (once ) Tj ET Q q 0 0 0 rg BT 481.61 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.70 622.25 Td (year) Tj ET Q q 0 0 0 rg BT 505.35 622.25 Td (. ) Tj ET Q q 0 0 0 rg BT 509.92 622.25 Td (As ) Tj ET Q q 0 0 0 rg BT 523.69 622.25 Td (permitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.25 Td (under ) Tj ET Q q 0 0 0 rg BT 61.08 610.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 100.05 610.25 Td (law ) Tj ET Q q 0 0 0 rg BT 116.80 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.54 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.19 610.25 Td (Bye-laws, ) Tj ET Q q 0 0 0 rg BT 191.77 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 207.41 610.25 Td (non-management ) Tj ET Q q 0 0 0 rg BT 279.14 610.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 316.43 610.25 Td (do ) Tj ET Q q 0 0 0 rg BT 328.74 610.25 Td (not ) Tj ET Q q 0 0 0 rg BT 343.83 610.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 382.24 610.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 402.33 610.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 442.95 610.25 Td (sessions ) Tj ET Q q 0 0 0 rg BT 478.04 610.25 Td (without ) Tj ET Q q 0 0 0 rg BT 510.91 610.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.94 598.25 Td (we ) Tj ET Q q 0 0 0 rg BT 67.10 598.25 Td (do ) Tj ET Q q 0 0 0 rg BT 79.60 598.25 Td (not ) Tj ET Q q 0 0 0 rg BT 94.88 598.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 123.47 598.25 Td (them ) Tj ET Q q 0 0 0 rg BT 145.97 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.24 598.25 Td (do ) Tj ET Q q 0 0 0 rg BT 168.74 598.25 Td (so ) Tj ET Q q 0 0 0 rg BT 180.14 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.41 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.13 598.25 Td (future.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 574.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 98.24 574.25 Td (Committee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.17 574.25 Td () Tj ET Q q 0 0 0 rg BT 147.49 574.25 Td (The ) Tj ET Q q 0 0 0 rg BT 166.49 574.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 196.05 574.25 Td (requires, ) Tj ET Q q 0 0 0 rg BT 234.20 574.25 Td (among ) Tj ET Q q 0 0 0 rg BT 264.87 574.25 Td (other ) Tj ET Q q 0 0 0 rg BT 288.86 574.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 319.26 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 337.70 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 345.58 574.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 370.70 574.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 391.93 574.25 Td (company ) Tj ET Q q 0 0 0 rg BT 432.03 574.25 Td (have ) Tj ET Q q 0 0 0 rg BT 454.35 574.25 Td (an ) Tj ET Q q 0 0 0 rg BT 467.24 574.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 490.68 574.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 536.34 574.25 Td (with ) Tj ET Q q 0 0 0 rg BT 557.56 574.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 77.35 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.13 562.25 Td (three ) Tj ET Q q 0 0 0 rg BT 110.58 562.25 Td (members. ) Tj ET Q q 0 0 0 rg BT 151.64 562.25 Td (As ) Tj ET Q q 0 0 0 rg BT 165.21 562.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 205.99 562.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.45 562.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 239.79 562.25 Td (10A-3 ) Tj ET Q q 0 0 0 rg BT 267.80 562.25 Td (under ) Tj ET Q q 0 0 0 rg BT 293.02 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.69 562.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 349.03 562.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 368.43 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 384.21 562.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 406.66 562.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 451.33 562.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 485.45 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.24 562.25 Td (one ) Tj ET Q q 0 0 0 rg BT 513.13 562.25 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.25 Td (member ) Tj ET Q q 0 0 0 rg BT 70.43 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.42 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 95.41 550.25 Td (board ) Tj ET Q q 0 0 0 rg BT 119.84 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.84 550.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 168.98 550.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 205.65 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.09 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.08 550.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 251.74 550.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 295.61 550.25 Td (charter) Tj ET Q q 0 0 0 rg BT 322.96 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.12 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.00 550.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 362.66 550.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 406.53 550.25 Td (confers ) Tj ET Q q 0 0 0 rg BT 437.62 550.25 Td (with ) Tj ET Q q 0 0 0 rg BT 457.06 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 472.05 550.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 522.59 550.25 Td (registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.25 Td (public ) Tj ET Q q 0 0 0 rg BT 63.13 538.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 109.13 538.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 128.49 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.06 538.25 Td (reviews, ) Tj ET Q q 0 0 0 rg BT 180.79 538.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 220.13 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.70 538.25 Td (advises ) Tj ET Q q 0 0 0 rg BT 268.27 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.62 538.25 Td (board ) Tj ET Q q 0 0 0 rg BT 307.52 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.99 538.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 355.11 538.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 401.66 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.01 538.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 455.90 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.37 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 481.83 538.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 527.84 538.25 Td (systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 51.42 526.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.50 526.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 127.25 526.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 167.38 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.69 526.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 234.31 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.74 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 260.16 526.25 Td (books ) Tj ET Q q 0 0 0 rg BT 286.15 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.68 526.25 Td (records ) Tj ET Q q 0 0 0 rg BT 334.20 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.74 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 366.16 526.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 398.80 526.25 Td (controls. ) Tj ET Q q 0 0 0 rg BT 435.61 526.25 Td (In ) Tj ET Q q 0 0 0 rg BT 446.03 526.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 483.40 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.71 526.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 519.80 526.25 Td (committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 69.60 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.32 514.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 109.58 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.41 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.13 514.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 157.63 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.46 514.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.29 514.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.77 514.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 266.48 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.42 514.25 Td (results ) Tj ET Q q 0 0 0 rg BT 312.03 514.25 Td (thereof.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 490.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 118.17 490.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 172.66 490.25 Td (Guidelines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.11 490.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.11 490.25 Td (The ) Tj ET Q q 0 0 0 rg BT 242.15 490.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 272.76 490.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 309.47 490.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 331.75 490.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 379.02 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.29 490.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 418.01 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.95 490.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 473.66 490.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 515.92 490.25 Td (governance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 478.25 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 81.35 478.25 Td (The ) Tj ET Q q 0 0 0 rg BT 98.77 478.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 141.75 478.25 Td (must ) Tj ET Q q 0 0 0 rg BT 163.08 478.25 Td (address, ) Tj ET Q q 0 0 0 rg BT 197.44 478.25 Td (among ) Tj ET Q q 0 0 0 rg BT 226.54 478.25 Td (other ) Tj ET Q q 0 0 0 rg BT 248.96 478.25 Td (things: ) Tj ET Q q 0 0 0 rg BT 278.07 478.25 Td (director ) Tj ET Q q 0 0 0 rg BT 311.04 478.25 Td (qualification ) Tj ET Q q 0 0 0 rg BT 363.45 478.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 405.60 478.25 Td (director ) Tj ET Q q 0 0 0 rg BT 438.57 478.25 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 503.50 478.25 Td (director ) Tj ET Q q 0 0 0 rg BT 536.47 478.25 Td (access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 48.39 466.25 Td (management ) Tj ET Q q 0 0 0 rg BT 104.09 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.14 466.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 176.62 466.25 Td (advisers, ) Tj ET Q q 0 0 0 rg BT 216.50 466.25 Td (director ) Tj ET Q q 0 0 0 rg BT 252.21 466.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 314.86 466.25 Td (director ) Tj ET Q q 0 0 0 rg BT 350.56 466.25 Td (orientation ) Tj ET Q q 0 0 0 rg BT 398.49 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.54 466.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 464.93 466.25 Td (education, ) Tj ET Q q 0 0 0 rg BT 510.91 466.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.25 Td (succession ) Tj ET Q q 0 0 0 rg BT 81.06 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.79 454.25 Td (an ) Tj ET Q q 0 0 0 rg BT 109.51 454.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 138.46 454.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 191.27 454.25 Td (evaluation. ) Tj ET Q q 0 0 0 rg BT 237.54 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 246.18 454.25 Td (e ) Tj ET Q q 0 0 0 rg BT 252.91 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 267.40 454.25 Td (not ) Tj ET Q q 0 0 0 rg BT 282.47 454.25 Td (required ) Tj ET Q q 0 0 0 rg BT 318.08 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.14 454.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 352.65 454.25 Td (such ) Tj ET Q q 0 0 0 rg BT 373.27 454.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 416.66 454.25 Td (under ) Tj ET Q q 0 0 0 rg BT 441.72 454.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 480.66 454.25 Td (law ) Tj ET Q q 0 0 0 rg BT 497.39 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.12 454.25 Td (we ) Tj ET Q q 0 0 0 rg BT 528.07 454.25 Td (have ) Tj ET Q q 0 0 0 rg BT 549.23 454.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 70.16 442.25 Td (such ) Tj ET Q q 0 0 0 rg BT 90.99 442.25 Td (guidelines.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 418.25 Td (ITEM 16H.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.45 418.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 418.25 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 158.80 418.25 Td ( DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 394.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 89.50 394.25 Td (applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 359.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 359.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 359.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 359.25 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 312.25 Td (ITEM 17.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 312.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 312.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 146.12 312.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 160.11 312.25 Td (A) Tj ET Q q 0 0 0 rg BT 166.59 312.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 288.25 Td (See ) Tj ET Q q 0 0 0 rg BT 88.94 288.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 114.20 288.25 Td (18. ) Tj ET Q q 0 0 0 rg BT 129.20 288.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 168.91 288.25 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 253.25 Td (ITEM 18.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 253.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 253.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 146.12 253.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 160.11 253.25 Td (A) Tj ET Q q 0 0 0 rg BT 166.59 253.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 229.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.23 229.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 127.89 229.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 175.29 229.25 Td (together ) Tj ET Q q 0 0 0 rg BT 210.73 229.25 Td (with ) Tj ET Q q 0 0 0 rg BT 231.19 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.09 229.25 Td (report ) Tj ET Q q 0 0 0 rg BT 272.65 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.66 229.25 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 385.17 229.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 400.63 229.25 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 435.80 229.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 478.48 229.25 Td (on ) Tj ET Q q 0 0 0 rg BT 491.16 229.25 Td (page ) Tj ET Q q 0 0 0 rg BT 512.72 229.25 Td (F-1, ) Tj ET Q q 0 0 0 rg BT 531.79 229.25 Td (are ) Tj ET Q q 0 0 0 rg BT 546.68 229.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 567.69 229.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 217.25 Td (a ) Tj ET Q q 0 0 0 rg BT 42.94 217.25 Td (part ) Tj ET Q q 0 0 0 rg BT 60.99 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 71.82 217.25 Td (this ) Tj ET Q q 0 0 0 rg BT 88.76 217.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 117.92 217.25 Td (report.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (ITEM 19.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.67 749.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 749.25 Td (EXHIBITS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 690.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 690.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 660.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 660.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 630.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 630.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 600.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 600.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 560.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 560.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 520.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 520.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 490.75 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 490.75 487.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 450.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 450.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 420.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 420.75 487.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 390.75 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 390.75 487.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.50 340.75 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 340.75 487.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 40.5 690.75 m 83.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 690.75 m 570.5 690.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.65 705.43 Td (Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.80 695.43 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.75 695.43 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 680.42 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 680.42 Td (Memorandum of ) Tj ET Q q 0 0 0 rg BT 155.43 680.42 Td (Association of North ) Tj ET Q q 0 0 0 rg BT 241.26 680.42 Td (Atlantic Drilling Ltd.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 326.52 684.95 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 665.42 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 665.42 Td (Amended and Restated Bye-laws of North ) Tj ET Q q 0 0 0 rg BT 257.63 665.42 Td (Atlantic Drilling Ltd. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 345.39 669.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 650.42 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 650.42 Td (Form of Common Stock Certificate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 635.42 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 635.42 Td (Equity Compensation Plan ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.72 639.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 620.42 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 620.42 Td (Restricted Stock Unit Plan ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 194.88 624.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 605.42 Td (4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 605.42 Td (General Management ) Tj ET Q q 0 0 0 rg BT 174.30 605.42 Td (Agreement between North ) Tj ET Q q 0 0 0 rg BT 282.31 605.42 Td (Atlantic Drilling Ltd. and North ) Tj ET Q q 0 0 0 rg BT 412.29 605.42 Td (Atlantic Management ) Tj ET Q q 0 0 0 rg BT 501.16 605.42 Td (AS ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 516.44 609.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 590.42 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 590.42 Td (Services ) Tj ET Q q 0 0 0 rg BT 121.83 590.42 Td (Agreement between North ) Tj ET Q q 0 0 0 rg BT 229.84 590.42 Td (Atlantic Management ) Tj ET Q q 0 0 0 rg BT 318.71 590.42 Td (AS and Seadrill Management ) Tj ET Q q 0 0 0 rg BT 438.68 590.42 Td (AS ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.96 594.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 565.42 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 575.42 Td (Management and ) Tj ET Q q 0 0 0 rg BT 157.09 575.42 Td (Administrative Services ) Tj ET Q q 0 0 0 rg BT 255.40 575.42 Td (Agreement between Seadrill Management Ltd. and North ) Tj ET Q q 0 0 0 rg BT 487.55 575.42 Td (Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 565.42 Td (Management Ltd. relating to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 217.63 565.42 Td (W) Tj ET Q q 0 0 0 rg BT 225.04 565.42 Td (est Her) Tj ET Q q 0 0 0 rg BT 253.83 565.42 Td (cules ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 276.87 569.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.42 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.42 Td (Cooperation Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 525.42 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 535.42 Td ($2,000 Million Senior Secured Credit Facility between North ) Tj ET Q q 0 0 0 rg BT 333.46 535.42 Td (Atlantic Drilling Ltd. and a Syndicate of Banks, dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 525.42 Td (April 15, 201) Tj ET Q q 0 0 0 rg BT 139.24 525.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 144.24 529.95 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 510.42 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 510.42 Td ($500 Million 7.75% Unsecured Bond due 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 275.70 514.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 495.42 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 495.42 Td (Seadrill Revolving Credit Facility between North ) Tj ET Q q 0 0 0 rg BT 285.41 495.42 Td (Atlantic Drilling Ltd. and Seadrill Limited, dated March 30, 2012 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 550.63 499.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 470.42 Td (4.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 480.42 Td (Amendment No. 1 to the Seadrill Revolving Credit Facility between North ) Tj ET Q q 0 0 0 rg BT 387.06 480.42 Td (Atlantic Drilling Ltd. and Seadrill Limited, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 470.42 Td (dated June 28, 2013 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.49 474.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 455.42 Td (4.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 455.42 Td ($195 Million Related Party Loan ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 220.70 459.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 440.42 Td (4.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 440.42 Td (NOK 1,500 Million Senior Unsecured Bond due 2018 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.15 444.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 425.42 Td (4.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 425.42 Td (Indenture relating to 6.25% $600 Million Senior Unsecured Notes due 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 410.42 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 410.42 Td (List of Subsidiaries of North Atlantic Drilling Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 395.42 Td (11.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 395.42 Td (Code of Conduct ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 156.83 399.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.42 Td (12.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 380.42 Td (Certification of the Principal Executive Officer pursuant to Rule 13a-14\(a\) and Rule 15d-14\(a\) of the Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.42 Td (Exchange Act, as amended.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 345.42 Td (12.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 355.42 Td (Certification of the Principal Financial Officer pursuant to Rule 13a-14\(a\) and Rule 15d-14\(a\) of the Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 345.42 Td (Exchange Act, as amended.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 320.42 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 330.42 Td (Certification of the Principal Executive Officer pursuant to 18 USC Section 1350, as adopted, pursuant to Section 906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 320.42 Td (of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 295.42 Td (13.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 305.42 Td (Certification of the Principal Financial Officer pursuant to 18 USC Section 1350, as adopted, pursuant to Section 906 of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 295.42 Td (the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 279.25 Td (_____________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 267.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 267.25 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 125.84 267.25 Td (by ) Tj ET Q q 0 0 0 rg BT 138.60 267.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 178.54 267.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.08 267.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.06 267.25 Td (Company) Tj ET Q q 0 0 0 rg BT 245.72 267.25 Td (s ) Tj ET Q q 0 0 0 rg BT 252.37 267.25 Td (Registration ) Tj ET Q q 0 0 0 rg BT 304.01 267.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 346.76 267.25 Td (on ) Tj ET Q q 0 0 0 rg BT 359.52 267.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 383.95 267.25 Td (F-1 ) Tj ET Q q 0 0 0 rg BT 400.60 267.25 Td (\(File ) Tj ET Q q 0 0 0 rg BT 422.24 267.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 439.72 267.25 Td (333-185394\), ) Tj ET Q q 0 0 0 rg BT 496.64 267.25 Td (which ) Tj ET Q q 0 0 0 rg BT 523.84 267.25 Td (was ) Tj ET Q q 0 0 0 rg BT 542.15 267.25 Td (declared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 255.25 Td (ef) Tj ET Q q 0 0 0 rg BT 79.59 255.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 109.29 255.25 Td (by ) Tj ET Q q 0 0 0 rg BT 121.79 255.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.51 255.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 178.44 255.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.38 255.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 237.30 255.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 290.37 255.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.87 255.25 Td (January ) Tj ET Q q 0 0 0 rg BT 336.47 255.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 351.47 255.25 Td (2014.) 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gs 435.50 350.10 70.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 350.10 6.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 350.10 64.00 -17.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 329.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 309.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 309.10 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 309.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 309.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 309.10 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 309.10 64.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 291.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 271.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 271.10 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 271.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 271.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 271.10 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 271.10 64.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 251.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 231.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 231.10 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 231.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 231.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 231.10 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 231.10 64.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 217.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 203.10 323.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 203.10 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 203.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 203.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 203.10 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 203.10 64.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 183.10 323.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 657.1 m 505.5 657.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 657.1 m 575.5 657.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 657.1 m 431.5 657.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 643.1 m 431.5 643.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 657.1 m 505.5 657.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 643.1 m 505.5 643.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 657.1 m 575.5 657.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 643.1 m 575.5 643.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 569.1 m 431.5 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 556.1 m 431.5 556.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 554.1 m 431.5 554.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 569.1 m 505.5 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 556.1 m 505.5 556.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 554.1 m 505.5 554.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 569.1 m 575.5 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 556.1 m 575.5 556.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 554.1 m 575.5 554.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 477.1 m 431.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 463.1 m 431.5 463.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 477.1 m 505.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 463.1 m 505.5 463.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 477.1 m 575.5 477.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 463.1 m 575.5 463.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 350.1 m 431.5 350.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 333.1 m 431.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 350.1 m 505.5 350.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 333.1 m 505.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 350.1 m 575.5 350.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 333.1 m 575.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 291.1 m 431.5 291.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 277.1 m 431.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 291.1 m 505.5 291.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 277.1 m 505.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 291.1 m 575.5 291.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 277.1 m 575.5 277.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 251.10000000000002 m 431.5 251.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 238.10000000000002 m 431.5 238.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 236.10000000000002 m 431.5 236.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 251.10000000000002 m 505.5 251.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 238.10000000000002 m 505.5 238.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 236.10000000000002 m 505.5 236.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 251.10000000000002 m 575.5 251.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 238.10000000000002 m 575.5 238.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 236.10000000000002 m 575.5 236.10000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.60 661.78 Td (Years Ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 647.78 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.50 647.78 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.75 647.78 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 633.83 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 619.67 Td (Contract revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 619.67 Td (1,116.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 619.67 Td (955.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 619.67 Td (881.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 605.67 Td (Reimbursables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 605.67 Td (195.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 605.67 Td (89.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 605.67 Td (33.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 591.67 Td (Related party revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 591.67 Td (12.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 591.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 591.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 577.67 Td (Other revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 577.67 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 577.67 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 577.67 Td (23.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 559.83 Td (Total operating revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.65 559.78 Td (1,324.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 559.78 Td (1,044.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 559.78 Td (938.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 541.83 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 527.67 Td (Vessel and rig operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 527.67 Td (527.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 527.67 Td (345.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 527.67 Td (329.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 513.67 Td (Reimbursable expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 513.67 Td (183.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 513.67 Td (82.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 513.67 Td (30.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 499.67 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 499.67 Td (188.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 499.67 Td (162.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 499.67 Td (140.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 485.67 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 485.67 Td (64.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 485.67 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 485.67 Td (35.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 467.67 Td (Total operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 467.78 Td (963.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.15 467.78 Td (640.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 467.78 Td (536.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 449.67 Td (Net operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 449.78 Td (360.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.15 449.78 Td (404.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 449.78 Td (402.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 429.83 Td (Financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 415.67 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 415.67 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 415.67 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 415.67 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 401.67 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 400.82 Td (\(84.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 400.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 400.82 Td (\(83.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 400.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 400.77 Td (\(77.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 400.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 386.67 Td (Foreign exchange gain/\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 386.67 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 386.72 Td (\(12.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 386.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 386.67 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 372.67 Td (Loss on derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 372.72 Td (\(16.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 372.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 372.72 Td (\(17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 372.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 372.67 Td (\(47.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 372.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 358.67 Td (Other financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 358.72 Td (\(6.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 358.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 358.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 358.67 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 358.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 340.83 Td (T) Tj ET Q q 0 0 0 rg BT 43.75 340.83 Td (otal financial items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.86 340.83 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.80 337.83 Td (\(96.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 337.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.80 337.83 Td (\(112.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 337.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.80 337.78 Td (\(115.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.65 337.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 319.83 Td (Income befor) Tj ET Q q 0 0 0 rg BT 94.75 319.83 Td (e income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.39 319.83 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 319.78 Td (264.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.15 319.78 Td (291.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 319.78 Td (286.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 299.67 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 299.72 Td (\(28.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 299.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 299.72 Td (\(109.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 299.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 299.67 Td (\(39.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 299.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 281.83 Td (Net income fr) Tj ET Q q 0 0 0 rg BT 96.13 281.83 Td (om continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.03 281.83 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 281.78 Td (235.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.15 281.78 Td (181.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 281.78 Td (246.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 261.83 Td (Net income fr) Tj ET Q q 0 0 0 rg BT 96.13 261.83 Td (om discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.91 261.83 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 261.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 261.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 261.67 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 241.83 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.04 241.83 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 241.78 Td (235.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.15 241.78 Td (181.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 241.78 Td (249.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 221.83 Td (Basic and diluted earnings per) Tj ET Q q 0 0 0 rg BT 167.84 221.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 189.05 221.83 Td (econtinuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.56 221.83 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 221.67 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 221.67 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 221.67 Td (1.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 207.83 Td (Basic and diluted earnings per) Tj ET Q q 0 0 0 rg BT 167.84 207.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 189.05 207.83 Td (ediscontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.45 207.83 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 207.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 207.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 207.67 Td (0.02) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 193.83 Td (Basic and diluted earnings per) Tj ET Q q 0 0 0 rg BT 167.84 193.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 189.05 193.83 Td (etotal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.93 193.83 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 193.67 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 193.67 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 193.67 Td (1.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 173.83 Td (Declared dividend per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 173.67 Td (0.905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 173.67 Td (0.900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 173.67 Td (0.375) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 36.00 146.80 Td (See accompanying notes that ar) Tj ET Q q 0 0 0 rg BT 157.01 146.80 Td (e an integral part of these Consolidated and Combined Consolidated Carve-out Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.15 749.60 Td (NOR) Tj ET Q q 0 0 0 rg BT 246.93 749.60 Td (TH ) Tj ET Q q 0 0 0 rg BT 262.50 749.60 Td (A) Tj ET Q q 0 0 0 rg BT 268.66 749.60 Td (TLANTIC DRILLING L) Tj ET Q q 0 0 0 rg BT 370.20 749.60 Td (TD.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.70 726.80 Td (Consolidated Statement of Compr) Tj ET Q q 0 0 0 rg BT 175.07 726.80 Td (ehensive Income for) Tj ET Q q 0 0 0 rg BT 256.16 726.80 Td ( the years ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.24 726.80 Td (December) Tj ET Q q 0 0 0 rg BT 365.21 726.80 Td (31, 2013) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 400.83 726.80 Td (, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 407.96 726.80 Td (2012) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 426.96 726.80 Td ( and Combined Consolidated Carve-) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 146.15 715.40 Td (out Statement of Compr) Tj ET Q q 0 0 0 rg BT 244.39 715.40 Td (ehensive Income for) Tj ET Q q 0 0 0 rg BT 325.49 715.40 Td ( the year) Tj ET Q q 0 0 0 rg BT 360.66 715.40 Td ( ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 389.70 715.40 Td (December) Tj ET Q q 0 0 0 rg BT 430.67 715.40 Td (31, 201) Tj ET Q q 0 0 0 rg BT 461.02 715.40 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.77 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gs 35.50 456.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 456.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 456.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 456.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 426.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 426.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 426.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 426.90 80.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 413.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 400.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 400.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 400.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 400.90 80.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 387.90 376.00 -13.00 re f /GS0 gs 0.8 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-13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 301.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 288.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 288.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 288.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 288.90 80.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 275.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 262.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 262.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 262.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 262.90 80.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 249.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 232.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 232.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 232.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 232.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 202.90 376.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 202.90 80.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 202.90 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 202.90 80.00 -23.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 179.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 166.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 166.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 166.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 166.90 80.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 153.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 140.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 140.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 140.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 140.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 114.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 114.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 114.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 114.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 80.90 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 80.90 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 80.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 80.90 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 680.9 m 491.5 680.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 680.9 m 575.5 680.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 572.9 m 491.5 572.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 560.9 m 491.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 558.9 m 491.5 558.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 572.9 m 575.5 572.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 560.9 m 575.5 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 558.9 m 575.5 558.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 473.9 m 491.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 461.9 m 491.5 461.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 459.9 m 491.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 473.9 m 575.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 461.9 m 575.5 461.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 459.9 m 575.5 459.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 444.9 m 491.5 444.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 442.9 m 491.5 442.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 444.9 m 575.5 444.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 442.9 m 575.5 442.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 331.9 m 491.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 319.9 m 491.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 317.9 m 491.5 317.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 331.9 m 575.5 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 319.9 m 575.5 319.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 317.9 m 575.5 317.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 232.89999999999998 m 491.5 232.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 219.89999999999998 m 491.5 219.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 232.89999999999998 m 575.5 232.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 219.89999999999998 m 575.5 219.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 215.89999999999998 m 491.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 215.89999999999998 m 495.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 215.89999999999998 m 575.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 97.89999999999998 m 491.5 97.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 85.89999999999998 m 491.5 85.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 83.89999999999998 m 491.5 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 97.89999999999998 m 575.5 97.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 85.89999999999998 m 575.5 85.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 83.89999999999998 m 575.5 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 68.89999999999998 m 491.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 66.89999999999998 m 491.5 66.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 68.89999999999998 m 575.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 66.89999999999998 m 575.5 66.89999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.40 695.58 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.50 685.58 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.90 695.58 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.00 685.58 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 671.63 Td (ASSETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 658.63 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 645.47 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 645.47 Td (84.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 645.47 Td (98.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 632.47 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 632.47 Td (25.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 632.47 Td (23.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 619.47 Td (Accounts receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 619.47 Td (221.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 619.47 Td (211.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 606.47 Td (Amount due from related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 606.47 Td (5.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 606.47 Td (242.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 593.47 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 593.47 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 593.47 Td (9.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 580.47 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 580.47 Td (43.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 580.47 Td (42.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 563.63 Td (T) Tj ET Q q 0 0 0 rg BT 43.75 563.63 Td (otal curr) Tj ET Q q 0 0 0 rg BT 81.06 563.63 Td (ent assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.33 563.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 563.63 Td (383.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 563.63 Td (628.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 546.63 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 533.47 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 533.47 Td (480.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 533.47 Td (480.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 520.47 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 520.47 Td (16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 520.47 Td (25.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 507.47 Td (Newbuildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 507.47 Td (312.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 507.47 Td (248.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 494.47 Td (Drilling units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 494.47 Td (2,377.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 494.47 Td (2,416.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 481.47 Td (Other non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 481.47 Td (128.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 481.47 Td (138.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 464.63 Td (T) Tj ET Q q 0 0 0 rg BT 43.75 464.63 Td (otal non-curr) Tj ET Q q 0 0 0 rg BT 100.51 464.63 Td (ent assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.78 464.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 464.63 Td (3,315.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 464.63 Td (3,309.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 447.63 Td (T) Tj ET Q q 0 0 0 rg BT 43.75 447.63 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.80 447.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 447.63 Td (3,699.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 447.63 Td (3,938.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 430.63 Td (LIABILITIES AND SHAREHOLDERS EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 417.63 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 404.47 Td (Current portion of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 404.47 Td (166.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 404.47 Td (166.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 391.47 Td (Amount due to related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 391.47 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 391.47 Td (47.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 378.47 Td (Trade accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 378.47 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 378.47 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 365.47 Td (Tax payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 365.47 Td (17.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 365.47 Td (71.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 352.47 Td (Deferred taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 352.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 352.47 Td (12.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 339.47 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 339.47 Td (223.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 339.47 Td (398.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 322.63 Td (T) Tj ET Q q 0 0 0 rg BT 43.75 322.63 Td (otal curr) Tj ET Q q 0 0 0 rg BT 81.06 322.63 Td (ent liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.78 322.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 322.63 Td (431.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 322.63 Td (702.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 305.63 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 292.47 Td (Long-term interest bearing debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 292.47 Td (1,581.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 292.47 Td (1,583.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 279.47 Td (Long term debt to related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 279.47 Td (700.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 279.47 Td (702.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 266.47 Td (Deferred taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 266.47 Td (35.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 266.47 Td (22.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 253.47 Td (Pension liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 253.47 Td (57.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 253.47 Td (50.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 240.47 Td (Other non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 240.47 Td (35.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 240.47 Td (40.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 223.63 Td (T) Tj ET Q q 0 0 0 rg BT 43.75 223.63 Td (otal non-curr) Tj ET Q q 0 0 0 rg BT 100.51 223.63 Td (ent liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.23 223.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 223.63 Td (2,410.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 223.63 Td (2,398.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 206.63 Td (Shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 193.47 Td (Common shares of par value $5.00 per share: 227,629,137 shares outstanding at December) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.47 Td (31, 2013 and 2012.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 184.57 Td (1,138.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 184.57 Td (1,138.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 170.47 Td (Additional paid in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 170.47 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 170.47 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 157.47 Td (Contributed surplus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 157.47 Td (834.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 157.47 Td (834.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 144.47 Td (Contributed deficit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 144.52 Td (\(1,188.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 144.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 144.47 Td (\(1,186.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 144.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 131.47 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 131.52 Td (\(39.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 131.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 131.47 Td (\(32.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 131.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 118.47 Td (Non controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 118.52 Td (\(2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 118.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 118.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 105.47 Td (Accumulated earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 105.47 Td (113.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 105.47 Td (83.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 88.63 Td (Total shareholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 88.63 Td (857.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 88.63 Td (838.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 71.47 Td (Total liabilities and shareholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 71.63 Td (3,699.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 71.63 Td (3,938.5) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 36.00 57.00 Td (See accompanying notes that ar) Tj ET Q q 0 0 0 rg BT 157.01 57.00 Td (e an integral part of these Consolidated and Combined Consolidated Carve-out Financial Statements.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 45.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.15 749.60 Td (NOR) Tj ET Q q 0 0 0 rg BT 246.93 749.60 Td (TH ) Tj ET Q q 0 0 0 rg BT 262.50 749.60 Td (A) Tj ET Q q 0 0 0 rg BT 268.66 749.60 Td (TLANTIC DRILLING L) Tj ET Q q 0 0 0 rg BT 370.20 749.60 Td (TD.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 55.70 726.80 Td (Consolidated Statement of Cash Flows for) Tj ET Q q 0 0 0 rg BT 226.26 726.80 Td ( the years ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.34 726.80 Td (December) Tj ET Q q 0 0 0 rg BT 335.31 726.80 Td (31, 2013) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 370.94 726.80 Td (, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 375.69 726.80 Td (2012) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 394.69 726.80 Td ( and Combined Consolidated Carve-out ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 178.40 715.40 Td (Statement of Cash Flows for) Tj ET Q q 0 0 0 rg BT 293.27 715.40 Td ( the year) Tj ET Q q 0 0 0 rg BT 328.45 715.40 Td ( ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 357.48 715.40 Td (December) Tj ET Q q 0 0 0 rg BT 398.45 715.40 Td (31, 201) Tj ET Q q 0 0 0 rg BT 428.80 715.40 Td (1) Tj ET Q BT /F2 9.50 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 251.10 704.00 Td (\(In millions of U.S. dollars\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 651.50 344.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 651.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 651.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 651.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 651.50 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 651.50 63.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 637.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 622.50 344.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 622.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 622.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 622.50 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 622.50 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 622.50 63.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 608.50 344.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 586.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 586.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 586.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 586.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 586.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 586.50 63.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 571.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 556.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 556.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 556.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 556.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 556.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 556.50 63.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 541.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 526.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 526.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 526.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 526.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 526.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 526.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 496.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 496.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 496.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 496.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 496.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 496.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 466.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 466.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 466.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 466.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 466.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 466.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 436.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 436.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 436.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 436.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 436.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 436.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 406.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 406.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 406.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 406.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 406.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 406.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 376.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 376.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 376.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 376.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 376.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 376.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 347.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 347.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 347.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 347.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 347.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 317.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 317.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 317.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 317.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 317.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 317.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 287.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 287.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 287.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 287.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 287.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 287.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 257.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 257.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 257.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 257.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 257.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 257.50 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 220.50 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 220.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 220.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 220.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 220.50 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 679.5 m 441.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 679.5 m 445.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 679.5 m 507.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 679.5 m 512.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 679.5 m 575.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 679.5 m 441.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 665.5 m 441.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 679.5 m 507.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 665.5 m 507.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 679.5 m 512.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 665.5 m 512.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 679.5 m 575.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 665.5 m 575.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 238.5 m 441.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 224.5 m 441.5 224.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 238.5 m 507.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 224.5 m 507.5 224.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 238.5 m 575.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 224.5 m 575.5 224.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 201.5 m 441.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 187.5 m 441.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 201.5 m 507.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 187.5 m 507.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 201.5 m 575.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 187.5 m 575.5 187.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.10 684.18 Td (Years Ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.50 670.18 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 670.18 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.25 670.18 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 656.23 Td (Cash Flows from Operating Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 642.23 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.04 642.23 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 642.18 Td (235.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 642.18 Td (181.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 642.18 Td (249.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 628.07 Td (Net income from discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 627.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 627.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 627.17 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 613.23 Td (Net income fr) Tj ET Q q 0 0 0 rg BT 96.13 613.23 Td (om continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.03 613.23 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 613.18 Td (235.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 613.18 Td (181.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 613.18 Td (246.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 599.07 Td (Adjustments to reconcile net income to net cash provided by continuing operations:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 577.07 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 576.17 Td (188.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 576.17 Td (162.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 576.17 Td (140.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 562.07 Td (Amortization of deferred loan charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 561.17 Td (6.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 561.17 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 561.17 Td (7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 547.07 Td (Amortization of unfavorable contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 546.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 546.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 546.17 Td (\(23.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 546.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 532.07 Td (Amortization of CIRR gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 531.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 531.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 531.17 Td (\(3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 531.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 517.07 Td (Amortization of mobilization revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 516.22 Td (\(16.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 516.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 516.22 Td (\(10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 516.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 516.17 Td (\(16.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 516.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 502.07 Td (Amortization of mobilization cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 501.17 Td (7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 501.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 501.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 487.07 Td (Amortization of deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 486.22 Td (\(11.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 486.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.80 486.22 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 486.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 486.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 472.07 Td (Amortization of tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 471.17 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 471.17 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 471.17 Td (\(80.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 471.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 457.07 Td (Proceeds from mobilization fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 456.17 Td (52.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 456.17 Td (24.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 456.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 442.07 Td (Payments for long-term maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 441.22 Td (\(96.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 441.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 441.22 Td (\(49.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 441.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 441.17 Td (\(38.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 441.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 427.07 Td (Unrealized loss related to derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 426.22 Td (\(13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 426.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 426.17 Td (12.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 426.17 Td (47.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 412.07 Td (Unrealized foreign exchange gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 411.22 Td (\(9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 411.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 411.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 411.17 Td (\(3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 411.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 397.07 Td (Share based payments expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 396.17 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 396.17 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 396.17 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 382.07 Td (Deferred income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 381.17 Td (20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 381.17 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 381.17 Td (\(52.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 381.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 367.07 Td (Gain on disposal of fixed assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 366.22 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 366.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.80 366.22 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 366.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 366.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 352.23 Td (Changes in operating assets and liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 338.07 Td (Trade accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 337.22 Td (\(9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 337.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 337.22 Td (\(58.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 337.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 337.17 Td (\(1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 337.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 323.07 Td (Trade accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 322.17 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 322.22 Td (\(17.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 322.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 322.17 Td (3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 308.07 Td (Change in amounts due from / to related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 307.17 Td (89.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 307.22 Td (\(133.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 307.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 307.17 Td (\(4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 307.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 293.07 Td (Other receivables and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 292.22 Td (\(13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 292.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.80 292.22 Td (\(5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 292.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 292.17 Td (32.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 278.07 Td (Tax payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 277.22 Td (\(10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 277.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 277.22 Td (\(40.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 277.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 277.17 Td (\(39.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 277.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 263.07 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 262.22 Td (\(6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 262.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 262.17 Td (166.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 262.17 Td (80.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 248.07 Td (Other, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 247.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 247.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 247.17 Td (36.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 229.23 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 86.70 229.23 Td (ovided by continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.67 229.23 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 229.18 Td (425.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 229.18 Td (254.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 229.18 Td (334.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 211.07 Td (Net cash provided by discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 210.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 210.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 210.17 Td (60.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 192.23 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 86.70 192.23 Td (ovided by operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.60 192.23 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 192.18 Td (425.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 192.18 Td (254.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 192.18 Td (395.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 165.20 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 38.38 165.20 Td (See accompanying notes that ar) Tj ET Q q 0 0 0 rg BT 159.39 165.20 Td (e an integral part of these Consolidated and Combined Consolidated Carve-out Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.15 749.60 Td (NOR) Tj ET Q q 0 0 0 rg BT 246.93 749.60 Td (TH ) Tj ET Q q 0 0 0 rg BT 262.50 749.60 Td (A) Tj ET Q q 0 0 0 rg BT 268.66 749.60 Td (TLANTIC DRILLING L) Tj ET Q q 0 0 0 rg BT 370.20 749.60 Td (TD.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 73.70 726.80 Td (Consolidated Statement of Cash Flows for) Tj ET Q q 0 0 0 rg BT 244.26 726.80 Td ( the years ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.34 726.80 Td (December) Tj ET Q q 0 0 0 rg BT 353.31 726.80 Td (31, 2013) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 388.94 726.80 Td (, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.69 726.80 Td (2012) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.69 726.80 Td ( and Combined Consolidated Carve-out ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 178.40 715.40 Td (Statement of Cash Flows for) Tj ET Q q 0 0 0 rg BT 293.27 715.40 Td ( the year) Tj ET Q q 0 0 0 rg BT 328.45 715.40 Td ( ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 357.48 715.40 Td (December) Tj ET Q q 0 0 0 rg BT 398.45 715.40 Td (31, 201) Tj ET Q q 0 0 0 rg BT 428.80 715.40 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 433.55 715.40 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 251.10 704.00 Td (\(In millions of U.S. dollars\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 653.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 653.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 653.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 653.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 653.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 653.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 627.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 627.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 627.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 627.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 627.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 627.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 601.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 601.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 601.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 601.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 601.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 601.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 575.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 575.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 575.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 575.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 575.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 575.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 541.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 541.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 541.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 541.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 541.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 541.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 509.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 509.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 509.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 509.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 509.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 509.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 483.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 483.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 483.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 483.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 483.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 483.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 457.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 457.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 457.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 457.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 457.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 457.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 431.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 431.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 431.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 431.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 431.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 431.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 405.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 405.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 405.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 405.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 405.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 405.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 379.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 379.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 379.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 379.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 379.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 379.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 349.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 349.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 349.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 349.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 349.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 349.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 315.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 315.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 315.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 315.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 315.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 315.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 279.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 279.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 279.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 279.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 279.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 279.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 247.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 247.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 247.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 247.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 247.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 247.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 213.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 213.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 213.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 213.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 213.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 213.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 187.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 187.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 187.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 187.50 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 187.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 187.50 63.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 679.5 m 442.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 679.5 m 446.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 679.5 m 508.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 679.5 m 512.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 679.5 m 575.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 666.5 m 442.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 666.5 m 508.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 666.5 m 575.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 558.5 m 442.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 545.5 m 442.5 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 558.5 m 508.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 545.5 m 508.5 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 558.5 m 575.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 545.5 m 575.5 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 349.5 m 442.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 336.5 m 442.5 336.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 349.5 m 508.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 336.5 m 508.5 336.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 349.5 m 575.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 336.5 m 575.5 336.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 315.5 m 442.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 302.5 m 442.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 315.5 m 508.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 302.5 m 508.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 315.5 m 575.5 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 302.5 m 575.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 230.5 m 442.5 230.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 217.5 m 442.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 230.5 m 508.5 230.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 217.5 m 508.5 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 230.5 m 575.5 230.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 217.5 m 575.5 217.5 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 428.95 684.07 Td (Years Ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 407.50 670.57 Td (2013) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 473.00 670.57 Td (2012) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 539.75 670.57 Td (2011) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 657.57 Td (Cash Flows from Investing Activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 644.41 Td (Additions to newbuilding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 644.12 Td (\(64.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 644.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 644.12 Td (\(195.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 644.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 644.07 Td (\(453.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 644.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 631.41 Td (Additions to rigs and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 631.12 Td (\(36.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 631.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 631.12 Td (\(31.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 631.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 631.07 Td (\(36.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 631.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 618.41 Td (Additions to other fixed assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 618.12 Td (\(1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 618.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 618.12 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 618.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 618.07 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 605.41 Td (Proceeds from sale of other fixed assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 605.07 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 605.07 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 605.07 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 592.41 Td (Loan to related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 592.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 592.12 Td (\(180.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 592.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 592.07 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 579.41 Td (Proceeds from settlement of related party loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 579.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 579.07 Td (180.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 579.07 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 566.41 Td (Change in restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 566.12 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 566.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 566.12 Td (\(11.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 566.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 566.07 Td (99.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 549.57 Td (Net cash used in investing activities fr) Tj ET Q q 0 0 0 rg BT 190.35 549.57 Td (om continuing operations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 293.81 549.57 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 549.28 Td (\(103.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 549.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.80 549.28 Td (\(238.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 549.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.80 549.23 Td (\(390.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.65 549.23 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 532.41 Td (Net cash used in investing activities by discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 532.23 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 532.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 532.07 Td (\(2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 532.07 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 519.57 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 180.77 519.57 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 519.28 Td (\(103.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 519.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.80 519.28 Td (\(238.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 519.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.80 519.23 Td (\(392.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.65 519.23 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 500.57 Td (Cash Flows from Financing Activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 487.41 Td (Repayments of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 487.12 Td (\(246.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 487.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 487.12 Td (\(166.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 487.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 487.07 Td (\(1,668.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 487.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 474.41 Td (Proceeds from debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 474.07 Td (250.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 474.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 474.07 Td (2,102.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 461.41 Td (Debt fees paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 461.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 461.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 461.07 Td (\(30.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 461.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 448.41 Td (Repayments of shareholder loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 448.12 Td (\(659.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 448.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 448.12 Td (\(530.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 448.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 448.07 Td (\(110.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 448.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 435.41 Td (Proceeds from new shareholder loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 435.07 Td (355.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 435.07 Td (682.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 435.07 Td (122.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 422.41 Td (Proceeds from related party loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 422.07 Td (193.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 422.23 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.65 422.23 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 409.41 Td (Changes in owner`s equity and repayment of owner`s funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 409.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 409.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 409.07 Td (\(541.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 409.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 396.41 Td (Repayment of related party loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 396.12 Td (\(21.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 396.07 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 396.23 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.65 396.23 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 383.41 Td (Proceeds from issuance of equity, net of issuance cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 383.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 383.07 Td (147.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 383.07 Td (418.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 370.41 Td (Purchase of treasury shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 370.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 370.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 370.07 Td (\(18.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 370.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 357.41 Td (Dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 357.12 Td (\(205.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 357.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 357.12 Td (\(197.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 357.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 357.07 Td (\(73.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 357.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 340.41 Td (Net cash used in/\(provided by\) financing activities from continuing operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 340.28 Td (\(334.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 340.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.80 340.28 Td (\(64.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 340.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 340.23 Td (199.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 323.41 Td (Net cash provided used in financing activities by discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 323.23 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 323.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 323.07 Td (\(101.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 323.07 Td (\)) Tj ET Q BT /F2 9.50 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 38.00 313.00 201.98 -8.48 re f /GS0 gs q 0 0 0 rg BT 38.00 306.57 Td (Net cash used in/\(pr) Tj ET Q q 0 0 0 rg BT 118.85 306.57 Td (ovided by\) financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 239.98 306.57 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 306.28 Td (\(334.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 306.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.80 306.28 Td (\(64.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 306.23 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 306.23 Td (98.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 289.41 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 289.12 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 289.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 289.07 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 289.07 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 289.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 270.41 Td (Net increase decrease in cash and cash equivalents from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 270.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 270.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 270.07 Td (\(42.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 270.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 251.41 Td (Net \(decrease\)/increase in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 251.12 Td (\(14.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 251.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 251.12 Td (\(49.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 251.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 251.07 Td (143.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 238.41 Td (Cash and cash equivalents at beginning of the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 238.07 Td (98.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 238.07 Td (147.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 238.07 Td (3.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 221.41 Td (Cash and cash equivalents at the end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 221.23 Td (84.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 221.23 Td (98.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 221.23 Td (147.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 204.57 Td (Supplementary disclosure of cash flow information) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 191.41 Td (Interest paid, net of capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 191.07 Td (82.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 191.07 Td (97.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 191.07 Td (69.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 178.41 Td (Taxes paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 178.07 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 178.07 Td (66.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 178.07 Td (102.9) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 36.00 140.80 Td (See accompanying notes that ar) Tj ET Q q 0 0 0 rg BT 157.01 140.80 Td (e an integral part of these Consolidated and Combined Consolidated Carve-out Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.15 749.60 Td (NOR) Tj ET Q q 0 0 0 rg BT 246.93 749.60 Td (TH ) Tj ET Q q 0 0 0 rg BT 262.50 749.60 Td (A) Tj ET Q q 0 0 0 rg BT 268.66 749.60 Td (TLANTIC DRILLING L) Tj ET Q q 0 0 0 rg BT 370.20 749.60 Td (TD.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 41.60 715.40 Td (Consolidated Statement of Changes in Equity for) Tj ET Q q 0 0 0 rg BT 240.42 715.40 Td ( the years ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.50 715.40 Td (December) Tj ET Q q 0 0 0 rg BT 349.47 715.40 Td (31, 2013) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 385.09 715.40 Td (, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 389.84 715.40 Td (2012) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.84 715.40 Td ( and Combined Consolidated Carve-out ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 108.20 704.00 Td (Statement of Changes in Equity for) Tj ET Q q 0 0 0 rg BT 251.32 704.00 Td ( the year) Tj ET Q q 0 0 0 rg BT 286.50 704.00 Td ( ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.54 704.00 Td (December) Tj ET Q q 0 0 0 rg BT 356.51 704.00 Td (31, 201) Tj ET Q q 0 0 0 rg BT 386.86 704.00 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.61 704.00 Td ( \(In millions of U.S. dollars\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 660.50 120.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 660.50 43.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 660.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 660.50 39.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 660.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 660.50 36.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 660.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 660.50 42.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 660.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 660.50 39.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 660.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 660.50 58.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 660.50 7.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 660.50 35.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 660.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 660.50 49.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 660.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 660.50 44.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 636.50 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 636.50 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 636.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 636.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 636.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 636.50 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 636.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 636.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 636.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 636.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 636.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 636.50 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 636.50 7.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 636.50 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 636.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 636.50 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 636.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 636.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 602.50 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 602.50 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 602.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 602.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 602.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 602.50 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 602.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 602.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 602.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 602.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 602.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 602.50 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 602.50 7.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 602.50 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 602.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 602.50 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 602.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 602.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 560.50 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 560.50 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 560.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 560.50 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 560.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 560.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 560.50 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 560.50 7.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 560.50 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 560.50 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 560.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 560.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 510.50 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 510.50 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 510.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 510.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 510.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 510.50 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 510.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 510.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 510.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 510.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 510.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 510.50 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 510.50 7.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 510.50 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 510.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 510.50 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 510.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 510.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 468.50 120.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 468.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 468.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 468.50 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 468.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 468.50 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 468.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 468.50 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 468.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 468.50 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 468.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 468.50 58.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 468.50 7.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 468.50 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 468.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 468.50 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 468.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 468.50 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 435.50 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 435.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 435.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 435.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 435.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 435.50 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 435.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 435.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 435.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 435.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 435.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 435.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 435.50 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 435.50 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 435.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 435.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 435.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 435.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 409.50 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 409.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 409.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 409.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 409.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 409.50 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 409.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 409.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 409.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 409.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 409.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 409.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 409.50 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 409.50 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 409.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 409.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 409.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 409.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 375.50 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 375.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 375.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 375.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 375.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 375.50 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 375.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 375.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 375.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 375.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 375.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 375.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 375.50 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 375.50 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 375.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 375.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 375.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 375.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 349.50 120.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 349.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 349.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 349.50 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 349.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 349.50 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 349.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 349.50 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 349.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 349.50 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 349.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 349.50 58.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 349.50 7.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 349.50 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 349.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 349.50 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 349.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 349.50 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 316.50 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 316.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 316.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 316.50 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 316.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 316.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 316.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 316.50 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 316.50 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 316.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 316.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 290.50 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 290.50 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 290.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 290.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 290.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 290.50 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 290.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 290.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 290.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 290.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 290.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 290.50 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 290.50 7.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 290.50 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 290.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 290.50 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 290.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 290.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 245.50 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 245.50 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 245.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 245.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 245.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 245.50 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 245.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 245.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 245.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 245.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 245.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 245.50 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 245.50 7.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 245.50 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 245.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 245.50 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 245.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 245.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 211.50 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 211.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 211.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 211.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 211.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 211.50 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 211.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 211.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 211.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 211.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 211.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 211.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 211.50 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 211.50 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 211.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 211.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 211.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 211.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 181.50 120.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 181.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 181.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 181.50 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 181.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 181.50 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 181.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 181.50 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 181.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 181.50 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 181.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 181.50 58.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 181.50 7.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 181.50 35.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 181.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 181.50 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 181.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 181.50 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 148.50 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 148.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 148.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 148.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 148.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 148.50 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 148.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 148.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 148.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 148.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 148.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 148.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 148.50 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 148.50 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 148.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 148.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 148.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 148.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 114.50 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 114.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 114.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 114.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 114.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 114.50 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 114.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 114.50 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 114.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 114.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 114.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 114.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 114.50 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 114.50 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 114.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 114.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 114.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 114.50 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 84.50 120.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 84.50 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 84.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 84.50 39.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 84.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 84.50 36.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 84.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 84.50 42.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 84.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 84.50 39.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 84.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 84.50 58.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 84.50 7.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 84.50 35.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 84.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 84.50 49.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 84.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 84.50 44.00 -10.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 660.5 m 198.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 660.5 m 202.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 660.5 m 241.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 660.5 m 245.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 660.5 m 281.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 660.5 m 285.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 660.5 m 327.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 660.5 m 331.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 660.5 m 370.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 660.5 m 374.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 660.5 m 432.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 660.5 m 439.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 660.5 m 474.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 660.5 m 478.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 660.5 m 527.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 660.5 m 531.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 660.5 m 575.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 660.5 m 198.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 660.5 m 202.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 660.5 m 241.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 660.5 m 245.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 660.5 m 281.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 660.5 m 285.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 660.5 m 327.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 660.5 m 331.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 660.5 m 370.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 660.5 m 374.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 660.5 m 432.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 660.5 m 439.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 660.5 m 474.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 660.5 m 478.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 660.5 m 527.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 660.5 m 531.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 660.5 m 575.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 468.5 m 198.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 468.5 m 202.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 468.5 m 241.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 468.5 m 245.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 468.5 m 281.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 468.5 m 285.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 468.5 m 327.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 468.5 m 331.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 468.5 m 370.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 468.5 m 374.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 468.5 m 432.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 468.5 m 439.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 468.5 m 474.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 468.5 m 478.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 468.5 m 527.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 468.5 m 531.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 468.5 m 575.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 349.5 m 198.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 349.5 m 202.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 349.5 m 241.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 349.5 m 245.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 349.5 m 281.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 349.5 m 285.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 349.5 m 327.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 349.5 m 331.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 349.5 m 370.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 349.5 m 374.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 349.5 m 432.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 349.5 m 439.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 349.5 m 474.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 349.5 m 478.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 349.5 m 527.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 349.5 m 531.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 349.5 m 575.5 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 181.5 m 198.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 181.5 m 202.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 181.5 m 241.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 181.5 m 245.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 181.5 m 281.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 181.5 m 285.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 181.5 m 327.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 181.5 m 331.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 181.5 m 370.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 181.5 m 374.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 181.5 m 432.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 181.5 m 439.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 181.5 m 474.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 181.5 m 478.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 181.5 m 527.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 181.5 m 531.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 181.5 m 575.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 84.5 m 198.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 84.5 m 202.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 84.5 m 241.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 84.5 m 245.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 84.5 m 281.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 84.5 m 285.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 84.5 m 327.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 84.5 m 331.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 84.5 m 370.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 84.5 m 374.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 84.5 m 432.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 84.5 m 439.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 84.5 m 474.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 84.5 m 478.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 84.5 m 527.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 84.5 m 531.5 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 84.5 m 575.5 84.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.05 672.73 Td (Invested) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.90 664.73 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.55 672.73 Td (Share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.80 664.73 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.10 685.58 Td (Additio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.65 677.58 Td (nal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.75 669.58 Td (paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.40 661.63 Td (capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.85 680.73 Td (Contribut) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 672.73 Td (ed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.30 664.73 Td (surplus) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.15 672.73 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.80 664.73 Td (earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.85 680.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 672.73 Td (comprehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.75 664.73 Td (loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.15 664.73 Td (NCI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.35 672.73 Td (Contributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.80 664.73 Td (deficit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.25 672.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 664.73 Td (equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 652.58 Td (Balance at December 31, 2010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.25 652.58 Td (1,675.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.25 652.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.30 652.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.30 652.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.25 652.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.60 652.58 Td (\(8.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 652.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.30 652.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.30 652.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.25 652.58 Td (1,667.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 640.75 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.25 640.75 Td (76.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 640.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 640.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 640.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 640.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 640.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 640.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 640.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.25 640.75 Td (76.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 627.75 Td (Discontinued operations not) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 619.75 Td (contributed to the Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.60 619.75 Td (\(415.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.30 619.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.60 619.80 Td (\(415.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 619.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 606.75 Td (Movement in Invested Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.25 606.75 Td (146.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 606.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 606.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 606.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 606.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 606.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 606.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 606.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.25 606.75 Td (146.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 593.75 Td (Issued at inception \(3000 shares at) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 585.75 Td (par value of USS5 each\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.30 585.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 572.75 Td (Issuance of common shares in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 564.75 Td (private placement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 564.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.25 564.75 Td (250.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 564.75 Td (175.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 564.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 564.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 564.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 564.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 564.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.25 564.75 Td (425.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 543.75 Td (Cost related to capital increase) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 551.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.00 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.30 543.75 Td (-6.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.30 543.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 530.75 Td (Issuance of common shares to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 522.75 Td (Seadrill in exchange for harsh) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 514.75 Td (environment rigs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 514.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.25 514.75 Td (750.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 514.75 Td (525.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 514.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 514.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 514.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 514.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 514.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.25 514.75 Td (1,275.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 501.75 Td (Operations contributed to the) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 493.75 Td (Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.60 493.75 Td (\(1,047.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.30 493.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 493.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 493.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 493.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 493.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 493.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 493.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.25 493.75 Td (1,047.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.30 493.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 480.75 Td (Purchase of Seadrill companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 472.75 Td (owning harsh environment rigs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 472.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 472.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 472.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 472.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 472.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 472.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 472.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.60 472.75 Td (\(2,354.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 472.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.60 472.80 Td (\(2,354.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 472.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 460.58 Td (Balance at March 31, 2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 460.58 Td (435.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 214.25 460.58 Td (1,000.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.30 460.58 Td (693.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.30 460.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.25 460.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.60 460.58 Td (\(8.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 460.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.30 460.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.60 460.58 Td (\(1,307.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.30 460.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.25 460.58 Td (813.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 447.75 Td (West Phoenix contributed to the) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 439.75 Td (company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.60 439.75 Td (\(435.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.30 439.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.25 439.75 Td (435.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.30 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 426.75 Td (Settlement for West Phoenix) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 426.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 426.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 426.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 426.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 426.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 426.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 426.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.60 426.75 Td (\(365.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 426.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.60 426.80 Td (\(365.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 426.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 413.75 Td (Purchase of treasury shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 413.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.60 413.75 Td (\(11.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.30 413.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.60 413.75 Td (\(6.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 413.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 413.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 413.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 413.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 413.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 413.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.60 413.80 Td (\(18.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 413.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 400.75 Td (Stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 400.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 400.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.30 400.75 Td (0.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 400.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 400.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 400.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 400.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 400.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.30 400.75 Td (0.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 379.75 Td (Other comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 379.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 379.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 379.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 379.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 379.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.60 379.75 Td (\(3.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 379.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 379.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 379.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.60 379.80 Td (\(3.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 379.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 366.75 Td (Dividend paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 366.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 366.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 366.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 366.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.60 366.75 Td (\(73.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 366.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 366.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 366.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 366.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.60 366.80 Td (\(73.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 366.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 353.75 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 353.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 353.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 353.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 353.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 353.75 Td (173.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 353.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 353.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 353.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.25 353.75 Td (173.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 341.58 Td (Balance at December 31, 2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.30 341.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.25 341.58 Td (988.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.30 341.58 Td (687.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.30 341.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.25 341.58 Td (99.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.60 341.58 Td (\(11.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 341.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.30 341.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.60 341.58 Td (\(1,237.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.30 341.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.25 341.58 Td (525.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 328.75 Td (Issuance of common shares in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 320.75 Td (private placement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 320.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.25 320.75 Td (150.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 320.75 Td (150.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 320.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 320.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 320.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 320.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 320.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.25 320.75 Td (300.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 307.75 Td (Cost related to capital increase) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 307.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 307.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.60 307.75 Td (\(2.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 307.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 307.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 307.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 307.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 307.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 307.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.60 307.80 Td (\(2.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 307.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 294.75 Td (Stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 294.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 294.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.30 294.75 Td (0.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 294.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 294.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 294.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 294.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 294.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.30 294.75 Td (0.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 281.75 Td (Distribution of West Phoenix) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 273.75 Td (settlement payment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 273.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 273.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 273.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 273.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 273.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 273.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 273.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.60 273.75 Td (\(27.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 273.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.60 273.80 Td (\(27.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 273.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 249.75 Td (Reduction of share premium) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 249.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 249.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.60 249.75 Td (\(834.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.30 249.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.25 249.75 Td (834.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 249.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 249.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 249.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 249.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.30 249.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 228.75 Td (Other comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 228.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 236.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 228.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 236.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 228.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 228.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 228.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 228.75 Td (\(21.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 228.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 228.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 228.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.60 228.80 Td (\(21.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 228.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 215.75 Td (Dividend paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 215.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 215.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 215.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 215.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.60 215.75 Td (\(197.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 215.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 215.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 215.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 215.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.60 215.80 Td (\(197.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 215.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 202.75 Td (Effect of tax indemnification) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 202.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 202.75 Td (79.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.25 202.75 Td (79.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 189.75 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 189.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 189.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 189.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 189.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 189.75 Td (181.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 189.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 189.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 189.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.25 189.75 Td (181.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 173.58 Td (Balance at December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.30 173.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 214.25 173.58 Td (1,138.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.30 173.58 Td (0.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.25 173.58 Td (834.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.25 173.58 Td (83.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.60 173.58 Td (\(32.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 173.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.30 173.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.60 173.58 Td (\(1,186.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.30 173.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.25 173.58 Td (838.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 152.75 Td (Other comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 152.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 152.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 152.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 152.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 152.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.60 152.75 Td (\(6.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.30 152.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.60 152.75 Td (\(2.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 152.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 152.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.60 152.80 Td (\(8.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 152.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 139.75 Td (Stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 139.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 139.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.30 139.75 Td (0.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 139.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 139.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 139.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 139.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 139.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.30 139.75 Td (0.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 118.75 Td (Common control transaction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 118.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 126.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.00 118.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 126.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 118.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 118.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 118.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 118.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 118.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.60 118.75 Td (\(2.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.30 118.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.60 118.80 Td (\(2.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 118.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 105.75 Td (Dividend paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 105.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 105.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 105.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 105.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.60 105.75 Td (\(205.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 105.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 105.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 105.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 105.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.60 105.80 Td (\(205.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.30 105.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 38.00 92.75 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.30 92.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.25 92.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 92.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 92.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 92.75 Td (235.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 92.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 92.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.30 92.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.25 92.75 Td (235.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 76.63 Td (Balance at December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.30 76.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 214.25 76.63 Td (1,138.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.30 76.63 Td (1.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.25 76.63 Td (834.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.25 76.63 Td (113.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.60 76.63 Td (\(39.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 76.63 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.60 76.63 Td (\(2.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.30 76.63 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.60 76.63 Td (\(1,188.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.30 76.63 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.25 76.63 Td (857.5) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.15 63.60 Td (See accompanying notes that ar) Tj ET Q q 0 0 0 rg BT 172.16 63.60 Td (e an integral part of these Consolidated and Combined Consolidated Carve-out Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 738.60 Td (Note 1- General information) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 715.80 Td (North ) Tj ET Q q 0 0 0 rg BT 96.02 715.80 Td (Atlantic Drilling Ltd. \(we, the Company, or our\) was a Norwegian Over ) Tj ET Q q 0 0 0 rg BT 397.37 715.80 Td (The Counter \(N-OTC\) listed company at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 704.40 Td (December 31, 2013. On January 29, 2014 the Company was listed on the New ) Tj ET Q q 0 0 0 rg BT 336.16 704.40 Td (Y) Tj ET Q q 0 0 0 rg BT 342.07 704.40 Td (ork Stock Exchange. Refer also to note 29 \(subsequent ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 693.00 Td (event\) for additional details. ) Tj ET Q q 0 0 0 rg BT 145.31 693.00 Td (The Company was formed as a wholly owned subsidiary of Seadrill Limited \(Seadrill, the Parent\) on ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 681.60 Td (February 10, 201) Tj ET Q q 0 0 0 rg BT 100.82 681.60 Td (1, under the laws of Bermuda to acquire certain continuing businesses of Seadrill in the North ) Tj ET Q q 0 0 0 rg BT 459.36 681.60 Td (Atlantic region. ) Tj ET Q q 0 0 0 rg BT 523.57 681.60 Td (W) Tj ET Q q 0 0 0 rg BT 531.77 681.60 Td (e were ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 670.20 Td (registered on the N-OTC list on February 24, 201) Tj ET Q q 0 0 0 rg BT 223.77 670.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 232.74 670.20 Td (As used herein, and unless otherwise required by the context, the term North ) Tj ET Q q 0 0 0 rg BT 530.07 670.20 Td (Atlantic ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 658.80 Td (refers to North ) Tj ET Q q 0 0 0 rg BT 93.78 658.80 Td (Atlantic Drilling Limited and the terms Company, we, Group, our and words of similar import refer to North ) Tj ET Q q 0 0 0 rg BT 543.06 658.80 Td (Atlantic ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 647.40 Td (and its consolidated companies for the periods that are consolidated and the combined consolidated group for the periods that are combined ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 636.00 Td (and consolidated. ) Tj ET Q q 0 0 0 rg BT 104.69 636.00 Td (The use herein of such terms as group, or) Tj ET Q q 0 0 0 rg BT 261.49 636.00 Td (ganization, we, us, our and its, or references to specific entities, is not intended to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 624.60 Td (be a precise description of corporate relationships.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 601.80 Td (Through the acquisition of other companies from Seadrill and investment in newbuildings, the Company has developed into a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 590.40 Td (leading of) Tj ET Q q 0 0 0 rg BT 74.08 590.40 Td (fshore drilling contractor in the North ) Tj ET Q q 0 0 0 rg BT 219.19 590.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 251.64 590.40 Td (Area. ) Tj ET Q q 0 0 0 rg BT 274.32 590.40 Td (As of December31, 2013, we owned ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.11 590.40 Td (eight) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.10 590.40 Td ( of) Tj ET Q q 0 0 0 rg BT 447.22 590.40 Td (fshore drilling rigs, including ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.95 590.40 Td (two) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 575.20 590.40 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 579.00 Td (rigs under construction. Our fleet consists of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 207.50 579.00 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 221.21 579.00 Td ( drillship, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 260.01 579.00 Td (three) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 278.99 579.00 Td ( jack-up rigs \(of which ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 367.90 579.00 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 381.62 579.00 Td ( were under construction\) and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 497.43 579.00 Td (four) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.25 579.00 Td ( semi-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 567.60 Td (submersible rigs \(of which ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 139.96 567.60 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 153.67 567.60 Td ( were under construction\) for operations in harsh environments. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 36.00 544.80 Td (Key formation activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 522.00 Td (On February 16, 201) Tj ET Q q 0 0 0 rg BT 150.80 522.00 Td (1, the Company issued ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 239.73 522.00 Td (50 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.05 522.00 Td ( shares to the general public in a private placement and raised ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 515.41 522.00 Td ($425 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 564.23 522.00 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 499.20 Td (On March 21, 201) Tj ET Q q 0 0 0 rg BT 141.30 499.20 Td (1, the Company entered into a contract with Jurong Shipyard Pte Ltd for the construction of the ) Tj ET Q q 0 0 0 rg BT 506.28 499.20 Td (W) Tj ET Q q 0 0 0 rg BT 514.48 499.20 Td (est Linus, a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 487.80 Td (jack-up drilling rig, and recorded a liability to Seadrill for ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.87 487.80 Td ($90.0 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 309.07 487.80 Td ( representing the amount paid by Seadrill on the Company) Tj ET Q q 0 0 0 rg BT 533.59 487.80 Td (s behalf ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 476.40 Td (for the first installment for the construction of the drilling rig.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 453.60 Td (On March 31, 201) Tj ET Q q 0 0 0 rg BT 141.30 453.60 Td (1, the Company acquired ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 239.18 453.60 Td (100%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 261.34 453.60 Td ( of the equity interests of certain wholly owned subsidiaries of Seadrill, which ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 442.20 Td (owned ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 63.70 442.20 Td (100%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 85.87 442.20 Td ( of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 98.53 442.20 Td (four) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 114.36 442.20 Td ( operating drilling rigs - ) Tj ET Q q 0 0 0 rg BT 207.32 442.20 Td (W) Tj ET Q q 0 0 0 rg BT 215.53 442.20 Td (est ) Tj ET Q q 0 0 0 rg BT 227.93 442.20 Td (Alpha, ) Tj ET Q q 0 0 0 rg BT 255.73 442.20 Td (W) Tj ET Q q 0 0 0 rg BT 263.94 442.20 Td (est Epsilon, ) Tj ET Q q 0 0 0 rg BT 310.47 442.20 Td (W) Tj ET Q q 0 0 0 rg BT 318.68 442.20 Td (est ) Tj ET Q q 0 0 0 rg BT 331.44 442.20 Td (V) Tj ET Q q 0 0 0 rg BT 337.24 442.20 Td (enture and ) Tj ET Q q 0 0 0 rg BT 379.28 442.20 Td (W) Tj ET Q q 0 0 0 rg BT 387.48 442.20 Td (est Navigator - and the contracts for the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 430.80 Td (construction of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 95.63 430.80 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 109.34 430.80 Td ( jack-up drilling rig, ) Tj ET Q q 0 0 0 rg BT 188.06 430.80 Td (W) Tj ET Q q 0 0 0 rg BT 196.27 430.80 Td (est Elara, including the associated drilling contracts, of) Tj ET Q q 0 0 0 rg BT 404.77 430.80 Td (fshore personnel and management. In ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 419.40 Td (addition, the drilling contract, of) Tj ET Q q 0 0 0 rg BT 159.30 419.40 Td (fshore personnel and management related to the ) Tj ET Q q 0 0 0 rg BT 343.52 419.40 Td (W) Tj ET Q q 0 0 0 rg BT 351.73 419.40 Td (est Phoenix drilling rig was included in this transaction ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 408.00 Td (\(set forth below is a breakdown of the consideration paid for the ) Tj ET Q q 0 0 0 rg BT 282.23 408.00 Td (W) Tj ET Q q 0 0 0 rg BT 290.44 408.00 Td (est Phoenix rig\). ) Tj ET Q q 0 0 0 rg BT 355.18 408.00 Td (The consideration of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 436.17 408.00 Td ($2,354.8 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 499.24 408.00 Td ( has been accounted ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 396.60 Td (for as a common control transaction. ) Tj ET Q q 0 0 0 rg BT 177.15 396.60 Td (As such the consolidation of the purchased companies was based on Seadrill) Tj ET Q q 0 0 0 rg BT 470.79 396.60 Td (s net asset carrying values ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 385.20 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 46.29 385.20 Td ($1,047.7 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 109.36 385.20 Td (, including goodwill of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 198.82 385.20 Td ($480.6 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 254.76 385.20 Td (. ) Tj ET Q q 0 0 0 rg BT 259.34 385.20 Td (The excess of the consideration transferred, which was based on the fair value of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 373.80 Td (drilling rigs, drilling contracts, of) Tj ET Q q 0 0 0 rg BT 162.48 373.80 Td (fshore personnel and management, over the carrying amount of net assets received from Seadrill, of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 362.40 Td ($1,307.1 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 99.07 362.40 Td ( was treated as an equity transaction and was recorded as contributed deficit in shareholders) Tj ET Q q 0 0 0 rg BT 450.27 362.40 Td ( equity) Tj ET Q q 0 0 0 rg BT 475.78 362.40 Td (. ) Tj ET Q q 0 0 0 rg BT 480.36 362.40 Td (This transaction is ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 351.00 Td (referred to as the North ) Tj ET Q q 0 0 0 rg BT 130.70 351.00 Td (Atlantic Restructuring. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 328.20 Td (Consideration paid to Seadrill on March 31, 201) Tj ET Q q 0 0 0 rg BT 255.29 328.20 Td (1:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 293.30 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 293.30 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 267.30 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 267.30 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 242.30 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 242.30 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 242.29999999999995 m 496.5 242.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 242.29999999999995 m 576.5 242.29999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.75 297.53 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 284.21 Td (Share issuance to Seadrill ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 139.25 288.52 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.50 284.21 Td (1,275.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 271.21 Td (Bond coupon rate of 7.75%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 271.21 Td (500.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 258.21 Td (Shareholder loan fixed interest rate of 6.0% per annum) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 258.21 Td (210.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 245.21 Td (Cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 245.21 Td (369.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 233.21 Td (Total) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.50 233.21 Td (2,354.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 36.00 210.70 Td (1 ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 206.40 Td (Share ) Tj ET Q q 0 0 0 rg BT 95.97 206.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 130.50 206.40 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 140.76 206.40 Td (150,000,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 188.26 206.40 Td ( ) Tj ET Q q 0 0 0 rg BT 190.60 206.40 Td (common ) Tj ET Q q 0 0 0 rg BT 226.19 206.40 Td (shares, ) Tj ET Q q 0 0 0 rg BT 254.65 206.40 Td (representing ) Tj ET Q q 0 0 0 rg BT 303.95 206.40 Td (a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.50 206.40 Td (75.0%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 335.04 206.40 Td ( ) Tj ET Q q 0 0 0 rg BT 337.39 206.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 363.48 206.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 393.78 206.40 Td (in ) Tj ET Q q 0 0 0 rg BT 403.51 206.40 Td (the ) Tj ET Q q 0 0 0 rg BT 417.46 206.40 Td (Company) Tj ET Q q 0 0 0 rg BT 453.79 206.40 Td (, ) Tj ET Q q 0 0 0 rg BT 458.51 206.40 Td (at ) Tj ET Q q 0 0 0 rg BT 467.71 206.40 Td (a ) Tj ET Q q 0 0 0 rg BT 474.27 206.40 Td (subscription ) Tj ET Q q 0 0 0 rg BT 523.05 206.40 Td (price ) Tj ET Q q 0 0 0 rg BT 544.38 206.40 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 554.64 206.40 Td ($8.50) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 576.01 206.40 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 195.00 Td (per ) Tj ET Q q 0 0 0 rg BT 50.51 195.00 Td (share, ) Tj ET Q q 0 0 0 rg BT 75.30 195.00 Td (or ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 85.59 195.00 Td ($1,275 ) Tj ET Q q 0 0 0 rg BT 114.09 195.00 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 141.54 195.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-10) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 749.45 Td (A) Tj ET Q q 0 0 0 rg BT 78.34 749.45 Td ( ) Tj ET Q q 0 0 0 rg BT 80.71 749.45 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 125.29 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 135.58 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 149.56 749.45 Td (net ) Tj ET Q q 0 0 0 rg BT 163.55 749.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.09 749.45 Td (transferred ) Tj ET Q q 0 0 0 rg BT 231.60 749.45 Td (to ) Tj ET Q q 0 0 0 rg BT 241.37 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 255.35 749.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.67 749.45 Td (on ) Tj ET Q q 0 0 0 rg BT 306.54 749.45 Td (March ) Tj ET Q q 0 0 0 rg BT 333.71 749.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 347.96 749.45 Td (201) Tj ET Q q 0 0 0 rg BT 361.86 749.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 368.98 749.45 Td (is ) Tj ET Q q 0 0 0 rg BT 377.70 749.45 Td (as ) Tj ET Q q 0 0 0 rg BT 387.98 749.45 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 714.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 714.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 688.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 688.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 662.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 662.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 636.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 636.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 610.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 610.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 593.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 593.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 567.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 567.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 541.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 541.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 515.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 515.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 498.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 498.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 472.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 472.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 446.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 446.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 420.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 420.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 394.55 460.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 394.55 80.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 377.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 377.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 351.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 351.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 325.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 325.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 308.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 308.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 282.55 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 282.55 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 714.55 m 576.5 714.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 610.55 m 496.5 610.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 610.55 m 576.5 610.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 515.55 m 496.5 515.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 515.55 m 576.5 515.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 407.54999999999995 m 496.5 407.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 407.54999999999995 m 576.5 407.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 325.54999999999995 m 496.5 325.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 325.54999999999995 m 576.5 325.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 282.54999999999995 m 496.5 282.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 282.54999999999995 m 576.5 282.54999999999995 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 504.80 718.62 Td (March 31, 2011) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 705.62 Td (ASSETS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 39.00 692.45 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 679.62 Td (Current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 666.46 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 561.10 666.46 Td (0.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 653.46 Td (Restricted cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 653.46 Td (18.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 640.46 Td (Deferred tax assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 561.10 640.46 Td (9.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 627.46 Td (Related party receivables) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 627.46 Td (341.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 614.46 Td (Other current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 561.10 614.46 Td (3.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 601.62 Td (Total current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 601.46 Td (373.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 584.62 Td (Non-current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 571.46 Td (Goodwill) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 571.46 Td (480.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 558.46 Td (Deferred tax assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 558.46 Td (29.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 545.46 Td (Fixed assets \(drilling rigs and newbuildings\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.50 545.46 Td (1,432.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 532.46 Td (Restricted cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 532.46 Td (92.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 519.46 Td (Other non-current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 519.46 Td (113.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 506.62 Td (Total non-current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.50 506.46 Td (2,147.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 489.62 Td (LIABILITIES AND SHAREHOLDERS' EQUITY) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 476.62 Td (Current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 463.46 Td (Current portion of long-term debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 463.46 Td (146.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 450.46 Td (Related party payables) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 450.46 Td (16.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 437.46 Td (Tax payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 437.46 Td (147.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 424.46 Td (Deferred taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 424.46 Td (10.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 411.46 Td (Other current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 411.46 Td (38.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 398.62 Td (Total current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 398.46 Td (358.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 381.62 Td (Non-current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 368.46 Td (Long-term interest bearing debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.60 368.46 Td (989.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 355.46 Td (Deferred taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 355.46 Td (95.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 342.46 Td (Pension liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 342.46 Td (26.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 329.46 Td (Other non-current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 561.10 329.46 Td (2.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 316.62 Td (Total non-current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.50 316.46 Td (1,114.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 299.46 Td (Net assets purchased entities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.50 299.46 Td (1,047.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 286.46 Td (Purchase price) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 538.15 286.46 Td (\(2,354.8\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 273.62 Td (Contributed deficit) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 538.15 273.46 Td (\(1,307.1\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 247.25 Td (The ) Tj ET Q q 0 0 0 rg BT 88.85 247.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 133.68 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.67 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.36 247.25 Td (North ) Tj ET Q q 0 0 0 rg BT 181.15 247.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 213.83 247.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 267.62 247.25 Td (marked ) Tj ET Q q 0 0 0 rg BT 298.19 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.88 247.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 374.10 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.10 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.79 247.25 Td (Company) Tj ET Q q 0 0 0 rg BT 437.37 247.25 Td (s ) Tj ET Q q 0 0 0 rg BT 443.15 247.25 Td (business ) Tj ET Q q 0 0 0 rg BT 477.43 247.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 519.08 247.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.08 247.25 Td (a ) Tj ET Q q 0 0 0 rg BT 535.38 247.25 Td (standalone ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 235.85 Td (company) Tj ET Q q 0 0 0 rg BT 70.21 235.85 Td (. ) Tj ET Q q 0 0 0 rg BT 75.66 235.85 Td (As ) Tj ET Q q 0 0 0 rg BT 90.16 235.85 Td (such, ) Tj ET Q q 0 0 0 rg BT 113.90 235.85 Td (the ) Tj ET Q q 0 0 0 rg BT 129.45 235.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.63 235.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 210.68 235.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 251.03 235.85 Td (herein ) Tj ET Q q 0 0 0 rg BT 278.71 235.85 Td (reflect ) Tj ET Q q 0 0 0 rg BT 306.91 235.85 Td (our ) Tj ET Q q 0 0 0 rg BT 323.52 235.85 Td (actual ) Tj ET Q q 0 0 0 rg BT 350.15 235.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 402.11 235.85 Td (results ) Tj ET Q q 0 0 0 rg BT 430.86 235.85 Td (for ) Tj ET Q q 0 0 0 rg BT 445.88 235.85 Td (the ) Tj ET Q q 0 0 0 rg BT 461.44 235.85 Td (period ) Tj ET Q q 0 0 0 rg BT 488.78 235.85 Td (April ) Tj ET Q q 0 0 0 rg BT 512.78 235.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 523.85 235.85 Td (201) Tj ET Q q 0 0 0 rg BT 537.75 235.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 546.45 235.85 Td (through ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 224.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 91.61 224.45 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 110.61 224.45 Td (. ) Tj ET Q q 0 0 0 rg BT 114.80 224.45 Td (As ) Tj ET Q q 0 0 0 rg BT 127.68 224.45 Td (described ) Tj ET Q q 0 0 0 rg BT 166.41 224.45 Td (further ) Tj ET Q q 0 0 0 rg BT 194.58 224.45 Td (in ) Tj ET Q q 0 0 0 rg BT 204.30 224.45 Td (the ) Tj ET Q q 0 0 0 rg BT 218.23 224.45 Td (Basis ) Tj ET Q q 0 0 0 rg BT 241.14 224.45 Td (of ) Tj ET Q q 0 0 0 rg BT 251.38 224.45 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 300.67 224.45 Td (section ) Tj ET Q q 0 0 0 rg BT 329.91 224.45 Td (below) Tj ET Q q 0 0 0 rg BT 352.51 224.45 Td (, ) Tj ET Q q 0 0 0 rg BT 357.21 224.45 Td (our ) Tj ET Q q 0 0 0 rg BT 372.20 224.45 Td (results ) Tj ET Q q 0 0 0 rg BT 399.33 224.45 Td (of ) Tj ET Q q 0 0 0 rg BT 409.57 224.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 451.47 224.45 Td (and ) Tj ET Q q 0 0 0 rg BT 467.51 224.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 486.72 224.45 Td (flows ) Tj ET Q q 0 0 0 rg BT 510.16 224.45 Td (related ) Tj ET Q q 0 0 0 rg BT 538.33 224.45 Td (to ) Tj ET Q q 0 0 0 rg BT 548.04 224.45 Td (periods ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 213.05 Td (prior ) Tj ET Q q 0 0 0 rg BT 56.84 213.05 Td (to ) Tj ET Q q 0 0 0 rg BT 66.61 213.05 Td (this ) Tj ET Q q 0 0 0 rg BT 82.71 213.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 126.76 213.05 Td (have ) Tj ET Q q 0 0 0 rg BT 147.07 213.05 Td (been ) Tj ET Q q 0 0 0 rg BT 167.38 213.05 Td (carved ) Tj ET Q q 0 0 0 rg BT 195.07 213.05 Td (out ) Tj ET Q q 0 0 0 rg BT 209.58 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 219.87 213.05 Td (the ) Tj ET Q q 0 0 0 rg BT 233.85 213.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 284.25 213.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.85 213.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 362.33 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 372.62 213.05 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 406.92 213.05 Td ( ) Tj ET Q q 0 0 0 rg BT 409.30 213.05 Td ( ) Tj ET Q q 0 0 0 rg BT 411.67 213.05 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 190.25 Td (On ) Tj ET Q q 0 0 0 rg BT 84.65 190.25 Td (April ) Tj ET Q q 0 0 0 rg BT 106.04 190.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 119.25 190.25 Td (201) Tj ET Q q 0 0 0 rg BT 133.15 190.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 141.61 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 150.86 190.25 Td (part ) Tj ET Q q 0 0 0 rg BT 166.96 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.21 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.15 190.25 Td (North ) Tj ET Q q 0 0 0 rg BT 212.36 190.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 244.29 190.25 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 299.72 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.66 190.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.94 190.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 384.98 190.25 Td (from ) Tj ET Q q 0 0 0 rg BT 404.78 190.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 435.66 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.51 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 456.71 190.25 Td (est ) Tj ET Q q 0 0 0 rg BT 468.60 190.25 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 503.45 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 509.00 190.25 Td (semi-submersible ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 178.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 65.54 178.85 Td (rig. ) Tj ET Q q 0 0 0 rg BT 79.91 178.85 Td (This ) Tj ET Q q 0 0 0 rg BT 98.37 178.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 141.61 178.85 Td (was ) Tj ET Q q 0 0 0 rg BT 157.95 178.85 Td (also ) Tj ET Q q 0 0 0 rg BT 174.82 178.85 Td (deemed ) Tj ET Q q 0 0 0 rg BT 205.92 178.85 Td (to ) Tj ET Q q 0 0 0 rg BT 214.87 178.85 Td (be ) Tj ET Q q 0 0 0 rg BT 225.40 178.85 Td (a ) Tj ET Q q 0 0 0 rg BT 231.18 178.85 Td (common ) Tj ET Q q 0 0 0 rg BT 265.99 178.85 Td (control ) Tj ET Q q 0 0 0 rg BT 294.47 178.85 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 339.74 178.85 Td (As ) Tj ET Q q 0 0 0 rg BT 351.86 178.85 Td (a ) Tj ET Q q 0 0 0 rg BT 357.64 178.85 Td (result, ) Tj ET Q q 0 0 0 rg BT 382.69 178.85 Td (the ) Tj ET Q q 0 0 0 rg BT 395.86 178.85 Td (dif) Tj ET Q q 0 0 0 rg BT 406.24 178.85 Td (ference ) Tj ET Q q 0 0 0 rg BT 435.75 178.85 Td (between ) Tj ET Q q 0 0 0 rg BT 468.96 178.85 Td (the ) Tj ET Q q 0 0 0 rg BT 482.13 178.85 Td (consideration ) Tj ET Q q 0 0 0 rg BT 534.88 178.85 Td (transferred ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 167.45 Td (to ) Tj ET Q q 0 0 0 rg BT 45.35 167.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 76.87 167.45 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 86.75 167.45 Td ($675 ) Tj ET Q q 0 0 0 rg BT 107.71 167.45 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 135.16 167.45 Td ( ) Tj ET Q q 0 0 0 rg BT 137.12 167.45 Td (\(consisting ) Tj ET Q q 0 0 0 rg BT 180.78 167.45 Td (of ) Tj ET Q q 0 0 0 rg BT 190.66 167.45 Td (transferring ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 236.94 167.45 Td ($309.2 ) Tj ET Q q 0 0 0 rg BT 265.03 167.45 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 292.48 167.45 Td ( ) Tj ET Q q 0 0 0 rg BT 294.44 167.45 Td (of ) Tj ET Q q 0 0 0 rg BT 304.32 167.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 350.62 167.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 368.94 167.45 Td (from ) Tj ET Q q 0 0 0 rg BT 389.37 167.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 420.88 167.45 Td (to ) Tj ET Q q 0 0 0 rg BT 430.24 167.45 Td (the ) Tj ET Q q 0 0 0 rg BT 443.81 167.45 Td (Company) Tj ET Q q 0 0 0 rg BT 480.13 167.45 Td (, ) Tj ET Q q 0 0 0 rg BT 484.47 167.45 Td (which ) Tj ET Q q 0 0 0 rg BT 509.65 167.45 Td (was ) Tj ET Q q 0 0 0 rg BT 526.39 167.45 Td (subsequently ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 156.05 Td (settled, ) Tj ET Q q 0 0 0 rg BT 65.88 156.05 Td (and ) Tj ET Q q 0 0 0 rg BT 82.30 156.05 Td (a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.23 156.05 Td ($365.8 ) Tj ET Q q 0 0 0 rg BT 118.06 156.05 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 145.51 156.05 Td ( ) Tj ET Q q 0 0 0 rg BT 148.21 156.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 167.80 156.05 Td (payment\) ) Tj ET Q q 0 0 0 rg BT 206.38 156.05 Td (and ) Tj ET Q q 0 0 0 rg BT 222.81 156.05 Td (the ) Tj ET Q q 0 0 0 rg BT 237.12 156.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 271.48 156.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 302.68 156.05 Td (of ) Tj ET Q q 0 0 0 rg BT 313.30 156.05 Td (the ) Tj ET Q q 0 0 0 rg BT 327.61 156.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 352.49 156.05 Td (received ) Tj ET Q q 0 0 0 rg BT 387.36 156.05 Td (from ) Tj ET Q q 0 0 0 rg BT 408.54 156.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 440.79 156.05 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 451.41 156.05 Td ($744.5 ) Tj ET Q q 0 0 0 rg BT 480.24 156.05 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 507.69 156.05 Td ( ) Tj ET Q q 0 0 0 rg BT 510.40 156.05 Td (was ) Tj ET Q q 0 0 0 rg BT 527.88 156.05 Td (treated ) Tj ET Q q 0 0 0 rg BT 556.43 156.05 Td (as ) Tj ET Q q 0 0 0 rg BT 567.05 156.05 Td (an ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 144.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 61.97 144.65 Td (transaction ) Tj ET Q q 0 0 0 rg BT 105.88 144.65 Td (and ) Tj ET Q q 0 0 0 rg BT 121.83 144.65 Td (was ) Tj ET Q q 0 0 0 rg BT 138.83 144.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 174.28 144.65 Td (as ) Tj ET Q q 0 0 0 rg BT 184.42 144.65 Td (contributed ) Tj ET Q q 0 0 0 rg BT 229.92 144.65 Td (deficit ) Tj ET Q q 0 0 0 rg BT 256.41 144.65 Td (in ) Tj ET Q q 0 0 0 rg BT 266.03 144.65 Td (shareholders) Tj ET Q q 0 0 0 rg BT 316.50 144.65 Td ( ) Tj ET Q q 0 0 0 rg BT 318.73 144.65 Td (equity) Tj ET Q q 0 0 0 rg BT 341.86 144.65 Td (. ) Tj ET Q q 0 0 0 rg BT 346.46 144.65 Td ( ) Tj ET Q q 0 0 0 rg BT 348.69 144.65 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 400.78 144.65 Td (the ) Tj ET Q q 0 0 0 rg BT 414.61 144.65 Td (Company) Tj ET Q q 0 0 0 rg BT 454.19 144.65 Td (s ) Tj ET Q q 0 0 0 rg BT 460.12 144.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 495.58 144.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 537.91 144.65 Td (have ) Tj ET Q q 0 0 0 rg BT 558.07 144.65 Td (been ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 133.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 74.78 133.25 Td (including ) Tj ET Q q 0 0 0 rg BT 113.04 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.02 133.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 156.57 133.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.83 133.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 199.31 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.41 133.25 Td (net ) Tj ET Q q 0 0 0 rg BT 229.39 133.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.93 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.22 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.03 133.25 Td (W) Tj ET Q q 0 0 0 rg BT 286.23 133.25 Td (est ) Tj ET Q q 0 0 0 rg BT 299.16 133.25 Td (Phoenix ) Tj ET Q q 0 0 0 rg BT 332.68 133.25 Td (during ) Tj ET Q q 0 0 0 rg BT 359.85 133.25 Td (all ) Tj ET Q q 0 0 0 rg BT 371.73 133.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 402.07 133.25 Td (under ) Tj ET Q q 0 0 0 rg BT 426.07 133.25 Td (common ) Tj ET Q q 0 0 0 rg BT 461.69 133.25 Td (control ) Tj ET Q q 0 0 0 rg BT 490.98 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.27 133.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 533.19 133.25 Td (Limited. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.70 24.60 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 24.60 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 749.60 Td (Basis of pr) Tj ET Q q 0 0 0 rg BT 79.11 749.60 Td (esentation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 726.80 Td (Our Consolidated and Combined Consolidated Carve-out Financial Statements are prepared in accordance with accounting ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 715.40 Td (principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 235.97 715.40 Td (America \(U.S. GAAP\). Investments in companies in which we directly or indirectly ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 704.00 Td (hold more than 50% of the voting control are consolidated in the financial statements. ) Tj ET Q q 0 0 0 rg BT 363.94 704.00 Td (All inter) Tj ET Q q 0 0 0 rg BT 395.67 704.00 Td (-company balances and transactions are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 692.60 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 80.68 692.60 Td (The amounts are presented in United States dollars \(U.S. dollars\) rounded to the nearest one hundred thousand, unless ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 681.20 Td (otherwise stated.) Tj ET Q BT /F1 9.50 Tf ET 0 0 0 RG /GS0 gs 0.46 w 0 i [] 0 d 1 J 1 j 3 M 36 611.533642578125 m 320.3544921875 611.533642578125 l s q 0 0 0 rg BT 36.00 612.80 Td (Pre ) Tj ET Q q 0 0 0 rg BT 50.52 612.80 Td (April, 201) Tj ET Q q 0 0 0 rg BT 89.22 612.80 Td (1 Combined Consolidated Carve-out Financial Statements:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 590.00 Td (Prior to ) Tj ET Q q 0 0 0 rg BT 102.62 590.00 Td (April 1, 201) Tj ET Q q 0 0 0 rg BT 148.44 590.00 Td (1, the results of operations, cash flows, and balance sheet have been carved out of the consolidated financial ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 578.60 Td (statements of Seadrill and are, therefore, presented on a combined consolidated carve-out basis. ) Tj ET Q q 0 0 0 rg BT 401.46 578.60 Td (The combined consolidated entities) Tj ET Q q 0 0 0 rg BT 538.73 578.60 Td ( \(the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 567.20 Td (NADL) Tj ET Q q 0 0 0 rg BT 66.25 567.20 Td ( Businesses\) historical financial statements includes the assets, liabilities, revenues, expenses and cash flows directly attributable to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 555.80 Td (the rig-owning and operating subsidiaries transferred to North ) Tj ET Q q 0 0 0 rg BT 273.45 555.80 Td (Atlantic, which are listed in Note 5. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 533.00 Td (The Combined Consolidated Carve-out financial statements include allocations of expenses from the Parent and reflect assumptions ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 521.60 Td (and allocations of expenses incurred by the Parent. Management believes the assumptions and allocations have been determined on a basis ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 510.20 Td (that the Parent and the Company consider to be a reasonable reflection of the utilization of services provided or the benefit received by the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 498.80 Td (NADL) Tj ET Q q 0 0 0 rg BT 62.03 498.80 Td ( Businesses during the periods presented. ) Tj ET Q q 0 0 0 rg BT 220.96 498.80 Td (The actual basis of allocation for each item is as follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 475.40 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 475.40 Td (Debt specific to each drilling rig has been assigned to the NADL) Tj ET Q q 0 0 0 rg BT 317.79 475.40 Td ( Businesses based on actual debt agreements, as these are readily ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 464.00 Td (separable and identifiable within the books of Seadrill.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 441.20 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 441.20 Td (There are loan facilities relating to the ) Tj ET Q q 0 0 0 rg BT 219.28 441.20 Td (W) Tj ET Q q 0 0 0 rg BT 227.49 441.20 Td (est Phoenix which were secured on one drilling rig which forms part of the NADL) Tj ET Q q 0 0 0 rg BT 540.56 441.20 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 429.80 Td (Businesses) Tj ET Q q 0 0 0 rg BT 116.16 429.80 Td ( fleet. However) Tj ET Q q 0 0 0 rg BT 174.60 429.80 Td (, the facility previously included the debt relating to one other drilling rig, the ) Tj ET Q q 0 0 0 rg BT 471.50 429.80 Td (W) Tj ET Q q 0 0 0 rg BT 479.70 429.80 Td (est Eminence, which was ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 418.40 Td (not transferred to North ) Tj ET Q q 0 0 0 rg BT 163.81 418.40 Td (Atlantic. ) Tj ET Q q 0 0 0 rg BT 198.64 418.40 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 245.51 418.40 Td (, prior to the repayment of the ) Tj ET Q q 0 0 0 rg BT 361.42 418.40 Td (W) Tj ET Q q 0 0 0 rg BT 369.62 418.40 Td (est Phoenix rig) Tj ET Q q 0 0 0 rg BT 429.26 418.40 Td (s share of the loan facility in ) Tj ET Q q 0 0 0 rg BT 539.27 418.40 Td (April ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 407.00 Td (201) Tj ET Q q 0 0 0 rg BT 85.90 407.00 Td (1 by North ) Tj ET Q q 0 0 0 rg BT 128.91 407.00 Td (Atlantic, its share of interest expense, deferred finance fees and related balances were carved-out based on the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 395.60 Td (relative settlement values at the date of settlement of the loan pertaining to the ) Tj ET Q q 0 0 0 rg BT 371.51 395.60 Td (W) Tj ET Q q 0 0 0 rg BT 379.72 395.60 Td (est Phoenix.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 372.80 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 372.80 Td (The NADL) Tj ET Q q 0 0 0 rg BT 115.18 372.80 Td ( Businesses have also benefited from Seadrill) Tj ET Q q 0 0 0 rg BT 290.36 372.80 Td (s general corporate debt. ) Tj ET Q q 0 0 0 rg BT 385.59 372.80 Td (As the use of this debt was for general corporate ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 361.40 Td (purposes within the Seadrill group, a portion of the interest cost of this debt has been included in the Combined Consolidated Carve-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 350.00 Td (out Financial Statements, based upon the relative fair value of the NADL) Tj ET Q q 0 0 0 rg BT 349.71 350.00 Td ( Businesses) Tj ET Q q 0 0 0 rg BT 396.25 350.00 Td ( drilling rigs at December31, 201) Tj ET Q q 0 0 0 rg BT 524.38 350.00 Td (1 in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 338.60 Td (proportion to the fair value of Seadrill) Tj ET Q q 0 0 0 rg BT 219.21 338.60 Td (s drilling rigs \(including the NADL) Tj ET Q q 0 0 0 rg BT 353.70 338.60 Td ( Businesses) Tj ET Q q 0 0 0 rg BT 400.23 338.60 Td ( drilling rigs\). ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 315.80 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 315.80 Td (Rig operating expenses, which include rig management fees for the provision of technical and commercial management of rigs, that ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 304.40 Td (cannot be attributed to specific drilling rigs have been allocated to the NADL) Tj ET Q q 0 0 0 rg BT 365.53 304.40 Td ( Businesses based on intercompany char) Tj ET Q q 0 0 0 rg BT 518.64 304.40 Td (ges from ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 293.00 Td (Seadrill. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 270.20 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 270.20 Td (Administrative expenses \(including stock-based compensation, which are described further below\) of Seadrill that cannot be ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 258.80 Td (attributed to specific drilling rigs, and for which the NADL) Tj ET Q q 0 0 0 rg BT 296.96 258.80 Td ( Businesses are deemed to have received the benefit of, have been ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 247.40 Td (allocated to the NADL) Tj ET Q q 0 0 0 rg BT 158.44 247.40 Td ( Businesses based on intercompany char) Tj ET Q q 0 0 0 rg BT 311.55 247.40 Td (ges from Seadrill. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 224.60 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 224.60 Td (Rig operating and administrative expenses include an allocation of Seadrill) Tj ET Q q 0 0 0 rg BT 359.83 224.60 Td (s defined benefit and defined contribution pension ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 213.20 Td (scheme costs. Seadrill operates two defined benefit pension plans. ) Tj ET Q q 0 0 0 rg BT 325.36 213.20 Td (The defined pension plans are operated by both Seadrill Of) Tj ET Q q 0 0 0 rg BT 549.70 213.20 Td (fshore ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 201.80 Td (AS and Seadrill Management ) Tj ET Q q 0 0 0 rg BT 185.98 201.80 Td (AS. For the scheme operated by Seadrill Of) Tj ET Q q 0 0 0 rg BT 352.02 201.80 Td (fshore ) Tj ET Q q 0 0 0 rg BT 377.62 201.80 Td (AS, the assets and liabilities of the scheme, in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 190.40 Td (addition to the period cost, has been included in the Combined Consolidated Carve-out Financial Statements as the pension assets ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 179.00 Td (and liabilities are specifically identifiable to employees that were transferred to North ) Tj ET Q q 0 0 0 rg BT 399.11 179.00 Td (Atlantic. For the defined benefit scheme ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 167.60 Td (operated by Seadrill Management ) Tj ET Q q 0 0 0 rg BT 202.32 167.60 Td (AS, the NADL) Tj ET Q q 0 0 0 rg BT 259.23 167.60 Td ( Businesses have treated these schemes as multiemployer schemes operated by ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 156.20 Td (Seadrill and have included only period costs allocated from Seadrill during the periods presented, on the basis of actual costs ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 144.80 Td (invoiced.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 122.00 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 122.00 Td (Administrative expenses include a portion of Seadrill) Tj ET Q q 0 0 0 rg BT 277.26 122.00 Td (s stock-based compensation costs in respect of options awarded to certain ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 110.60 Td (employees and directors of Seadrill, whose employment or service cannot be specifically attributed to any specific vessel. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 99.20 Td (Therefore, it is considered that the NADL) Tj ET Q q 0 0 0 rg BT 230.72 99.20 Td ( Businesses, as a part of Seadrill, received benefit from their services, and so should ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 87.80 Td (recognize a share of the respective cost. ) Tj ET Q q 0 0 0 rg BT 224.99 87.80 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 271.86 87.80 Td (, stock-based compensation costs have been included based on intercompany ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 76.40 Td (invoices received during the period reflecting the time spent by these employees on Company related matters.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 53.60 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 53.60 Td (Other financial items include an allocation of Seadrill) Tj ET Q q 0 0 0 rg BT 278.56 53.60 Td (s mark-to-market adjustments for interest rate swaps which have been ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 42.20 Td (allocated on the basis of the NADL) Tj ET Q q 0 0 0 rg BT 206.20 42.20 Td ( Businesses) Tj ET Q q 0 0 0 rg BT 252.73 42.20 Td ( proportion of Seadrill) Tj ET Q q 0 0 0 rg BT 340.06 42.20 Td (s floating rate debt. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-12) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 738.05 Td (Seadrill uses a centralized cash management system. ) Tj ET Q q 0 0 0 rg BT 274.43 738.05 Td (Whether cash settled or not, for the periods presented, all allocated costs and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (expenses have been deemed to have been paid by the NADL) Tj ET Q q 0 0 0 rg BT 266.21 726.65 Td ( Businesses to Seadrill in the year in which the costs were incurred. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 703.85 Td (The financial position, results of operations and cash flows of the NADL) Tj ET Q q 0 0 0 rg BT 348.67 703.85 Td ( Businesses may dif) Tj ET Q q 0 0 0 rg BT 424.23 703.85 Td (fer from those that would have been ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 692.45 Td (achieved had the NADL) Tj ET Q q 0 0 0 rg BT 128.24 692.45 Td ( Businesses operated autonomously as a publicly traded entity for all periods presented, because the NADL) Tj ET Q q 0 0 0 rg BT 535.76 692.45 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 681.05 Td (Businesses may have had additional administrative expenses, including legal, accounting, treasury and regulatory compliance and other costs ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 669.65 Td (normally incurred by a listed public entity) Tj ET Q q 0 0 0 rg BT 195.26 669.65 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 646.85 Td (All assets, liabilities and operations in the NADL) Tj ET Q q 0 0 0 rg BT 258.98 646.85 Td ( Businesses structure that were not contributed by Seadrill to the Company in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 635.45 Td (connection with the North ) Tj ET Q q 0 0 0 rg BT 137.32 635.45 Td (Atlantic Restructuring are presented as discontinued operations in the Combined Consolidated Carve-out Financial ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 624.05 Td (Statements further disclosed in footnote 3.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 612.65 Td ( ) Tj ET Q BT /F1 9.50 Tf ET 0 0 0 RG /GS0 gs 0.46 w 0 i [] 0 d 1 J 1 j 3 M 36 599.983642578125 m 258.88134765625 599.983642578125 l s q 0 0 0 rg BT 36.00 601.25 Td (Post March 31, 201) Tj ET Q q 0 0 0 rg BT 110.06 601.25 Td (1 Consolidated Financial Statements:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 578.45 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 113.43 578.45 Td (April 1, 201) Tj ET Q q 0 0 0 rg BT 159.26 578.45 Td (1, the financial statements of the Company as a separate legal entity are presented on a consolidated basis. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 555.65 Td (The ) Tj ET Q q 0 0 0 rg BT 88.43 555.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 140.22 555.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 177.23 555.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 220.57 555.65 Td (include ) Tj ET Q q 0 0 0 rg BT 250.19 555.65 Td (the ) Tj ET Q q 0 0 0 rg BT 263.46 555.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 287.28 555.65 Td (and ) Tj ET Q q 0 0 0 rg BT 302.65 555.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 339.67 555.65 Td (of ) Tj ET Q q 0 0 0 rg BT 349.23 555.65 Td (the ) Tj ET Q q 0 0 0 rg BT 362.50 555.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.10 555.65 Td (and ) Tj ET Q q 0 0 0 rg BT 416.47 555.65 Td (its ) Tj ET Q q 0 0 0 rg BT 427.10 555.65 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 475.63 555.65 Td (All ) Tj ET Q q 0 0 0 rg BT 489.42 555.65 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 543.31 555.65 Td (balances ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.09 544.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 99.84 544.25 Td (have ) Tj ET Q q 0 0 0 rg BT 120.15 544.25 Td (been ) Tj ET Q q 0 0 0 rg BT 140.46 544.25 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 182.94 544.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.81 544.25 Td (consolidation.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 521.45 Td (Basis of consolidation and combination) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 498.65 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 498.65 Td (The consolidated financial statements include the assets and liabilities of the Company and its subsidiaries and variable interest ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 487.25 Td (entities \("VIE"\) in which the Company is deemed to be the primary beneficiary) Tj ET Q q 0 0 0 rg BT 337.03 487.25 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 464.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 464.45 Td (A) Tj ET Q q 0 0 0 rg BT 78.34 464.45 Td ( variable interest entity is defined in ) Tj ET Q q 0 0 0 rg BT 216.84 464.45 Td (ASC ) Tj ET Q q 0 0 0 rg BT 237.53 464.45 Td (T) Tj ET Q q 0 0 0 rg BT 242.67 464.45 Td (opic 810 "Consolidation" \("ASC810"\) as a legal entity either \(a\) the total equity at risk ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 453.05 Td (is not suf) Tj ET Q q 0 0 0 rg BT 70.67 453.05 Td (ficient to permit the entity that most significantly impact on its activities without additional subordinated support; \(b\) equity interests ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 441.65 Td (holders as a group lack either i\) the power to direct the activities of the entity that most significantly impact on its economic success, ii\) the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 430.25 Td (obligation to absorb the expected losses of the entity) Tj ET Q q 0 0 0 rg BT 234.84 430.25 Td (, or iii\) the right to receive the expected residual return of the entity; or \(c\) the voting ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 418.85 Td (rights of some investors in the entity are not proportional to their economic interests and the activities of the entity involve or are conducted ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 407.45 Td (on behalf of an investor with disproportionately small voting interests.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 384.65 Td (ASC 810 requires a variable interest entity to be consolidated by its primary beneficiary) Tj ET Q q 0 0 0 rg BT 369.64 384.65 Td (, being the interest holder) Tj ET Q q 0 0 0 rg BT 466.08 384.65 Td (, if any) Tj ET Q q 0 0 0 rg BT 492.11 384.65 Td (, which has both \(1\) ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 373.25 Td (the power to direct the activities of the entity which most significantly impact on the entity`s economic performance, and \(2\) the right to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 361.85 Td (receive benefits or the obligation to absorb losses from the entity which could potentially be significant to the entity) Tj ET Q q 0 0 0 rg BT 475.45 361.85 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 350.45 Td (W) Tj ET Q q 0 0 0 rg BT 44.21 350.45 Td (e evaluate a variable interest entity) Tj ET Q q 0 0 0 rg BT 175.74 350.45 Td (, in order to determine whether we are the primary beneficiary of the entity) Tj ET Q q 0 0 0 rg BT 460.01 350.45 Td (, and where it is determined ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 339.05 Td (that we are the primary beneficiary we fully consolidate the entity) Tj ET Q q 0 0 0 rg BT 285.99 339.05 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 316.25 Td (Intercompany transactions and internal sales have been eliminated on consolidation. Unrealized gains and losses arising from transactions ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 304.85 Td (with associates are eliminated to the extent of the Company`s interest in the entity) Tj ET Q q 0 0 0 rg BT 346.96 304.85 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 270.65 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 249.60 Td (Note 2- ) Tj ET Q q 0 0 0 rg BT 67.13 249.60 Td (Accounting policies) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 226.80 Td (The ) Tj ET Q q 0 0 0 rg BT 88.33 226.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 131.57 226.80 Td (policies ) Tj ET Q q 0 0 0 rg BT 162.68 226.80 Td (set ) Tj ET Q q 0 0 0 rg BT 174.79 226.80 Td (out ) Tj ET Q q 0 0 0 rg BT 188.49 226.80 Td (below ) Tj ET Q q 0 0 0 rg BT 213.26 226.80 Td (have ) Tj ET Q q 0 0 0 rg BT 232.75 226.80 Td (been ) Tj ET Q q 0 0 0 rg BT 252.25 226.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 281.77 226.80 Td (consistently ) Tj ET Q q 0 0 0 rg BT 328.71 226.80 Td (to ) Tj ET Q q 0 0 0 rg BT 337.66 226.80 Td (all ) Tj ET Q q 0 0 0 rg BT 348.72 226.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 378.24 226.80 Td (in ) Tj ET Q q 0 0 0 rg BT 387.19 226.80 Td (these ) Tj ET Q q 0 0 0 rg BT 408.27 226.80 Td (Combined ) Tj ET Q q 0 0 0 rg BT 449.41 226.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 501.10 226.80 Td (Carve-out ) Tj ET Q q 0 0 0 rg BT 540.65 226.80 Td (Financial ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 215.40 Td (Statements.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 192.60 Td (Use of estimates) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 169.80 Td (Preparation ) Tj ET Q q 0 0 0 rg BT 117.60 169.80 Td (of ) Tj ET Q q 0 0 0 rg BT 127.32 169.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 162.36 169.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 204.27 169.80 Td (in ) Tj ET Q q 0 0 0 rg BT 213.47 169.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 257.99 169.80 Td (with ) Tj ET Q q 0 0 0 rg BT 276.69 169.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 295.39 169.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 320.91 169.80 Td ( ) Tj ET Q q 0 0 0 rg BT 322.72 169.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 355.12 169.80 Td (management ) Tj ET Q q 0 0 0 rg BT 405.47 169.80 Td (to ) Tj ET Q q 0 0 0 rg BT 414.66 169.80 Td (make ) Tj ET Q q 0 0 0 rg BT 437.04 169.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 474.21 169.80 Td (and ) Tj ET Q q 0 0 0 rg BT 489.73 169.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 538.52 169.80 Td (that ) Tj ET Q q 0 0 0 rg BT 554.57 169.80 Td (af) Tj ET Q q 0 0 0 rg BT 561.78 169.80 Td (fect ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 158.40 Td (the ) Tj ET Q q 0 0 0 rg BT 50.40 158.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 84.84 158.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 119.83 158.40 Td (of ) Tj ET Q q 0 0 0 rg BT 130.53 158.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 155.49 158.40 Td (and ) Tj ET Q q 0 0 0 rg BT 172.00 158.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 210.15 158.40 Td (and ) Tj ET Q q 0 0 0 rg BT 226.66 158.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 267.97 158.40 Td (of ) Tj ET Q q 0 0 0 rg BT 278.68 158.40 Td (contingent ) Tj ET Q q 0 0 0 rg BT 321.58 158.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 346.53 158.40 Td (and ) Tj ET Q q 0 0 0 rg BT 363.04 158.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 401.19 158.40 Td (at ) Tj ET Q q 0 0 0 rg BT 410.84 158.40 Td (the ) Tj ET Q q 0 0 0 rg BT 425.24 158.40 Td (date ) Tj ET Q q 0 0 0 rg BT 443.86 158.40 Td (of ) Tj ET Q q 0 0 0 rg BT 454.56 158.40 Td (the ) Tj ET Q q 0 0 0 rg BT 468.96 158.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.99 158.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 547.88 158.40 Td (and ) Tj ET Q q 0 0 0 rg BT 564.39 158.40 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 147.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 70.03 147.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 104.59 147.00 Td (of ) Tj ET Q q 0 0 0 rg BT 114.88 147.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 151.02 147.00 Td (and ) Tj ET Q q 0 0 0 rg BT 167.11 147.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 203.78 147.00 Td (during ) Tj ET Q q 0 0 0 rg BT 230.96 147.00 Td (the ) Tj ET Q q 0 0 0 rg BT 244.94 147.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 282.14 147.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 310.63 147.00 Td (Actual ) Tj ET Q q 0 0 0 rg BT 338.33 147.00 Td (results ) Tj ET Q q 0 0 0 rg BT 365.51 147.00 Td (could ) Tj ET Q q 0 0 0 rg BT 388.99 147.00 Td (dif) Tj ET Q q 0 0 0 rg BT 399.38 147.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 412.29 147.00 Td (from ) Tj ET Q q 0 0 0 rg BT 433.14 147.00 Td (those ) Tj ET Q q 0 0 0 rg BT 455.56 147.00 Td (estimates.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 124.20 Td (Contract revenue) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 101.40 Td (A) Tj ET Q q 0 0 0 rg BT 78.34 101.40 Td ( ) Tj ET Q q 0 0 0 rg BT 80.26 101.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 122.82 101.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 156.93 101.40 Td (of ) Tj ET Q q 0 0 0 rg BT 166.77 101.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.30 101.40 Td (Company) Tj ET Q q 0 0 0 rg BT 219.88 101.40 Td (s ) Tj ET Q q 0 0 0 rg BT 225.50 101.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 261.18 101.40 Td (are ) Tj ET Q q 0 0 0 rg BT 274.70 101.40 Td (derived ) Tj ET Q q 0 0 0 rg BT 305.11 101.40 Td (from ) Tj ET Q q 0 0 0 rg BT 325.50 101.40 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 355.38 101.40 Td (based ) Tj ET Q q 0 0 0 rg BT 378.93 101.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 408.83 101.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 445.04 101.40 Td (\(which ) Tj ET Q q 0 0 0 rg BT 473.34 101.40 Td (may ) Tj ET Q q 0 0 0 rg BT 491.62 101.40 Td (include ) Tj ET Q q 0 0 0 rg BT 521.51 101.40 Td (lump ) Tj ET Q q 0 0 0 rg BT 542.96 101.40 Td (sum ) Tj ET Q q 0 0 0 rg BT 560.72 101.40 Td (fees ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 90.00 Td (for ) Tj ET Q q 0 0 0 rg BT 49.77 90.00 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 100.49 90.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.90 90.00 Td (demobilization\) ) Tj ET Q q 0 0 0 rg BT 179.75 90.00 Td (and ) Tj ET Q q 0 0 0 rg BT 196.16 90.00 Td (other ) Tj ET Q q 0 0 0 rg BT 218.38 90.00 Td (service ) Tj ET Q q 0 0 0 rg BT 247.97 90.00 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 287.33 90.00 Td (Both ) Tj ET Q q 0 0 0 rg BT 308.50 90.00 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 339.15 90.00 Td (based ) Tj ET Q q 0 0 0 rg BT 363.48 90.00 Td (and ) Tj ET Q q 0 0 0 rg BT 379.89 90.00 Td (lump ) Tj ET Q q 0 0 0 rg BT 402.12 90.00 Td (sum ) Tj ET Q q 0 0 0 rg BT 420.65 90.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 434.94 90.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 471.40 90.00 Td (are ) Tj ET Q q 0 0 0 rg BT 485.69 90.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 530.06 90.00 Td (ratably ) Tj ET Q q 0 0 0 rg BT 559.13 90.00 Td (over ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 50.31 78.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 83.61 78.60 Td (period ) Tj ET Q q 0 0 0 rg BT 110.58 78.60 Td (as ) Tj ET Q q 0 0 0 rg BT 121.20 78.60 Td (services ) Tj ET Q q 0 0 0 rg BT 154.50 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 168.81 78.60 Td (rendered. ) Tj ET Q q 0 0 0 rg BT 207.11 78.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 233.56 78.60 Td (some ) Tj ET Q q 0 0 0 rg BT 256.32 78.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 295.69 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.00 78.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.65 78.60 Td (is ) Tj ET Q q 0 0 0 rg BT 358.69 78.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 389.88 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 399.98 78.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 440.68 78.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 479.79 78.60 Td (for ) Tj ET Q q 0 0 0 rg BT 493.57 78.60 Td (meeting ) Tj ET Q q 0 0 0 rg BT 526.88 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 537.50 78.60 Td (exceeding ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 67.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 63.42 67.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 112.99 67.20 Td (tar) Tj ET Q q 0 0 0 rg BT 122.84 67.20 Td (gets. ) Tj ET Q q 0 0 0 rg BT 142.09 67.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 162.67 67.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 202.23 67.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 240.22 67.20 Td (are ) Tj ET Q q 0 0 0 rg BT 253.39 67.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 296.64 67.20 Td (when ) Tj ET Q q 0 0 0 rg BT 318.79 67.20 Td (any ) Tj ET Q q 0 0 0 rg BT 334.08 67.20 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 384.19 67.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 422.17 67.20 Td (achievements ) Tj ET Q q 0 0 0 rg BT 475.44 67.20 Td (of ) Tj ET Q q 0 0 0 rg BT 484.93 67.20 Td (such ) Tj ET Q q 0 0 0 rg BT 503.92 67.20 Td (tar) Tj ET Q q 0 0 0 rg BT 513.77 67.20 Td (gets ) Tj ET Q q 0 0 0 rg BT 530.65 67.20 Td (are ) Tj ET Q q 0 0 0 rg BT 543.82 67.20 Td (resolved ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 55.80 Td (or ) Tj ET Q q 0 0 0 rg BT 46.29 55.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 67.66 55.80 Td (completion ) Tj ET Q q 0 0 0 rg BT 112.78 55.80 Td (of ) Tj ET Q q 0 0 0 rg BT 123.07 55.80 Td (the ) Tj ET Q q 0 0 0 rg BT 137.05 55.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 167.40 55.80 Td (program.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-13) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 749.45 Td (In ) Tj ET Q q 0 0 0 rg BT 81.99 749.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 125.75 749.45 Td (with ) Tj ET Q q 0 0 0 rg BT 144.71 749.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 174.76 749.45 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 213.51 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 227.19 749.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.21 749.45 Td (may ) Tj ET Q q 0 0 0 rg BT 284.64 749.45 Td (receive ) Tj ET Q q 0 0 0 rg BT 314.14 749.45 Td (lump ) Tj ET Q q 0 0 0 rg BT 335.75 749.45 Td (sum ) Tj ET Q q 0 0 0 rg BT 353.66 749.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 371.03 749.45 Td (for ) Tj ET Q q 0 0 0 rg BT 384.19 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 397.87 749.45 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 447.97 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 457.96 749.45 Td (equipment ) Tj ET Q q 0 0 0 rg BT 500.14 749.45 Td (and ) Tj ET Q q 0 0 0 rg BT 515.93 749.45 Td (personnel ) Tj ET Q q 0 0 0 rg BT 554.95 749.45 Td (or ) Tj ET Q q 0 0 0 rg BT 564.94 749.45 Td (for ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 64.41 738.05 Td (additions ) Tj ET Q q 0 0 0 rg BT 102.34 738.05 Td (and ) Tj ET Q q 0 0 0 rg BT 119.15 738.05 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 156.54 738.05 Td (prior ) Tj ET Q q 0 0 0 rg BT 178.11 738.05 Td (to ) Tj ET Q q 0 0 0 rg BT 188.59 738.05 Td (commencement ) Tj ET Q q 0 0 0 rg BT 251.83 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 262.84 738.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 293.91 738.05 Td (services. ) Tj ET Q q 0 0 0 rg BT 329.75 738.05 Td (These ) Tj ET Q q 0 0 0 rg BT 355.53 738.05 Td (up-front ) Tj ET Q q 0 0 0 rg BT 389.75 738.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 408.14 738.05 Td (are ) Tj ET Q q 0 0 0 rg BT 422.84 738.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 467.60 738.05 Td (as ) Tj ET Q q 0 0 0 rg BT 478.61 738.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 511.77 738.05 Td (over ) Tj ET Q q 0 0 0 rg BT 531.75 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 546.45 738.05 Td (original ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (contract ) Tj ET Q q 0 0 0 rg BT 68.97 726.65 Td (term, ) Tj ET Q q 0 0 0 rg BT 91.13 726.65 Td (excluding ) Tj ET Q q 0 0 0 rg BT 130.97 726.65 Td (any ) Tj ET Q q 0 0 0 rg BT 147.06 726.65 Td (extension ) Tj ET Q q 0 0 0 rg BT 185.84 726.65 Td (option ) Tj ET Q q 0 0 0 rg BT 212.50 726.65 Td (periods.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 703.85 Td (In ) Tj ET Q q 0 0 0 rg BT 81.82 703.85 Td (some ) Tj ET Q q 0 0 0 rg BT 103.78 703.85 Td (cases, ) Tj ET Q q 0 0 0 rg BT 128.11 703.85 Td (the ) Tj ET Q q 0 0 0 rg BT 141.63 703.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.48 703.85 Td (may ) Tj ET Q q 0 0 0 rg BT 198.75 703.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 228.07 703.85 Td (lump ) Tj ET Q q 0 0 0 rg BT 249.51 703.85 Td (sum ) Tj ET Q q 0 0 0 rg BT 267.26 703.85 Td (non-contingent ) Tj ET Q q 0 0 0 rg BT 326.68 703.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 343.89 703.85 Td (or ) Tj ET Q q 0 0 0 rg BT 353.71 703.85 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 383.57 703.85 Td (based ) Tj ET Q q 0 0 0 rg BT 407.11 703.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 424.31 703.85 Td (from ) Tj ET Q q 0 0 0 rg BT 444.69 703.85 Td (customers ) Tj ET Q q 0 0 0 rg BT 485.12 703.85 Td (for ) Tj ET Q q 0 0 0 rg BT 498.10 703.85 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 557.00 703.85 Td (upon ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 692.45 Td (completion ) Tj ET Q q 0 0 0 rg BT 81.04 692.45 Td (of ) Tj ET Q q 0 0 0 rg BT 91.26 692.45 Td (a ) Tj ET Q q 0 0 0 rg BT 97.78 692.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 128.05 692.45 Td (contract. ) Tj ET Q q 0 0 0 rg BT 163.32 692.45 Td (Non-contingent ) Tj ET Q q 0 0 0 rg BT 225.25 692.45 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 284.54 692.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 302.14 692.45 Td (are ) Tj ET Q q 0 0 0 rg BT 316.04 692.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 360.01 692.45 Td (as ) Tj ET Q q 0 0 0 rg BT 370.22 692.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 402.59 692.45 Td (over ) Tj ET Q q 0 0 0 rg BT 421.77 692.45 Td (the ) Tj ET Q q 0 0 0 rg BT 435.68 692.45 Td (original ) Tj ET Q q 0 0 0 rg BT 467.53 692.45 Td (contract ) Tj ET Q q 0 0 0 rg BT 500.43 692.45 Td (term, ) Tj ET Q q 0 0 0 rg BT 522.51 692.45 Td (excluding ) Tj ET Q q 0 0 0 rg BT 562.28 692.45 Td (any ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 681.05 Td (extension ) Tj ET Q q 0 0 0 rg BT 74.79 681.05 Td (option ) Tj ET Q q 0 0 0 rg BT 101.44 681.05 Td (periods. ) Tj ET Q q 0 0 0 rg BT 134.16 681.05 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 178.75 681.05 Td (demobilization ) Tj ET Q q 0 0 0 rg BT 238.12 681.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 255.79 681.05 Td (are ) Tj ET Q q 0 0 0 rg BT 269.76 681.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 313.80 681.05 Td (as ) Tj ET Q q 0 0 0 rg BT 324.09 681.05 Td (earned ) Tj ET Q q 0 0 0 rg BT 351.78 681.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 373.16 681.05 Td (completion ) Tj ET Q q 0 0 0 rg BT 418.27 681.05 Td (of ) Tj ET Q q 0 0 0 rg BT 428.56 681.05 Td (the ) Tj ET Q q 0 0 0 rg BT 442.54 681.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 472.89 681.05 Td (contract.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 658.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 92.16 658.25 Td (received ) Tj ET Q q 0 0 0 rg BT 127.07 658.25 Td (from ) Tj ET Q q 0 0 0 rg BT 148.28 658.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 189.54 658.25 Td (under ) Tj ET Q q 0 0 0 rg BT 213.92 658.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 244.63 658.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 281.66 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 295.48 658.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 323.55 658.25 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 360.58 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 374.92 658.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 409.31 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.77 658.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 470.18 658.25 Td (over ) Tj ET Q q 0 0 0 rg BT 489.80 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.15 658.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 545.41 658.25 Td (contract ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 646.85 Td (term, ) Tj ET Q q 0 0 0 rg BT 58.16 646.85 Td (excluding ) Tj ET Q q 0 0 0 rg BT 98.00 646.85 Td (any ) Tj ET Q q 0 0 0 rg BT 114.09 646.85 Td (extension ) Tj ET Q q 0 0 0 rg BT 152.87 646.85 Td (option ) Tj ET Q q 0 0 0 rg BT 179.53 646.85 Td (periods.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 624.05 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 624.05 Td (In certain countries in which we operate, taxes such as sales, use, value-added, gross receipts and excise may be assessed by the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 612.65 Td (local government on our revenues. ) Tj ET Q q 0 0 0 rg BT 169.84 612.65 Td (W) Tj ET Q q 0 0 0 rg BT 178.05 612.65 Td (e generally record our tax-assessed revenue transactions on a net basis in our consolidated statement of) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 601.25 Td (income.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 567.05 Td (Reimbursables) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 544.25 Td (Reimbursements ) Tj ET Q q 0 0 0 rg BT 137.98 544.25 Td (received ) Tj ET Q q 0 0 0 rg BT 172.29 544.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.50 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.23 544.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 238.82 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.87 544.25 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 284.51 544.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 323.58 544.25 Td (services ) Tj ET Q q 0 0 0 rg BT 356.31 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.16 544.25 Td (other ) Tj ET Q q 0 0 0 rg BT 393.81 544.25 Td (services ) Tj ET Q q 0 0 0 rg BT 426.54 544.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 462.44 544.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.07 544.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 499.94 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.98 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.83 544.25 Td (at ) Tj ET Q q 0 0 0 rg BT 534.82 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.56 544.25 Td (request ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 532.85 Td (of ) Tj ET Q q 0 0 0 rg BT 46.31 532.85 Td (our ) Tj ET Q q 0 0 0 rg BT 61.38 532.85 Td (customers ) Tj ET Q q 0 0 0 rg BT 102.30 532.85 Td (in ) Tj ET Q q 0 0 0 rg BT 112.09 532.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 157.20 532.85 Td (with ) Tj ET Q q 0 0 0 rg BT 176.49 532.85 Td (a ) Tj ET Q q 0 0 0 rg BT 183.10 532.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 216.10 532.85 Td (or ) Tj ET Q q 0 0 0 rg BT 226.41 532.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 268.37 532.85 Td (are ) Tj ET Q q 0 0 0 rg BT 282.37 532.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 317.99 532.85 Td (as ) Tj ET Q q 0 0 0 rg BT 328.31 532.85 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 362.97 532.85 Td (The ) Tj ET Q q 0 0 0 rg BT 380.14 532.85 Td (related ) Tj ET Q q 0 0 0 rg BT 408.38 532.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 429.78 532.85 Td (are ) Tj ET Q q 0 0 0 rg BT 443.78 532.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 479.41 532.85 Td (as ) Tj ET Q q 0 0 0 rg BT 489.72 532.85 Td (reimbursable ) Tj ET Q q 0 0 0 rg BT 541.71 532.85 Td (expenses ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 521.45 Td (in ) Tj ET Q q 0 0 0 rg BT 45.76 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 59.75 521.45 Td (same ) Tj ET Q q 0 0 0 rg BT 81.64 521.45 Td (period.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 510.05 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 498.65 Td (Other revenues) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 475.85 Td (In ) Tj ET Q q 0 0 0 rg BT 82.33 475.85 Td (a ) Tj ET Q q 0 0 0 rg BT 88.97 475.85 Td (business ) Tj ET Q q 0 0 0 rg BT 123.59 475.85 Td (combination ) Tj ET Q q 0 0 0 rg BT 173.50 475.85 Td (there ) Tj ET Q q 0 0 0 rg BT 194.91 475.85 Td (may ) Tj ET Q q 0 0 0 rg BT 213.69 475.85 Td (exist ) Tj ET Q q 0 0 0 rg BT 234.05 475.85 Td (favorable ) Tj ET Q q 0 0 0 rg BT 272.34 475.85 Td (and ) Tj ET Q q 0 0 0 rg BT 288.48 475.85 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 336.26 475.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 366.66 475.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 403.37 475.85 Td (which ) Tj ET Q q 0 0 0 rg BT 429.00 475.85 Td (are ) Tj ET Q q 0 0 0 rg BT 443.02 475.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 478.67 475.85 Td (at ) Tj ET Q q 0 0 0 rg BT 487.95 475.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 503.55 475.85 Td (value ) Tj ET Q q 0 0 0 rg BT 526.54 475.85 Td (at ) Tj ET Q q 0 0 0 rg BT 535.82 475.85 Td (the ) Tj ET Q q 0 0 0 rg BT 549.85 475.85 Td (date ) Tj ET Q q 0 0 0 rg BT 568.09 475.85 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 464.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 80.41 464.45 Td (when ) Tj ET Q q 0 0 0 rg BT 103.70 464.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.03 464.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 154.51 464.45 Td (price ) Tj ET Q q 0 0 0 rg BT 176.21 464.45 Td (allocation ) Tj ET Q q 0 0 0 rg BT 216.39 464.45 Td (is ) Tj ET Q q 0 0 0 rg BT 225.45 464.45 Td (prepared. ) Tj ET Q q 0 0 0 rg BT 263.17 464.45 Td (A) Tj ET Q q 0 0 0 rg BT 269.50 464.45 Td ( ) Tj ET Q q 0 0 0 rg BT 272.22 464.45 Td (favorable ) Tj ET Q q 0 0 0 rg BT 310.81 464.45 Td (or ) Tj ET Q q 0 0 0 rg BT 321.44 464.45 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 369.52 464.45 Td (drilling ) Tj ET Q q 0 0 0 rg BT 400.21 464.45 Td (contract ) Tj ET Q q 0 0 0 rg BT 433.53 464.45 Td (is ) Tj ET Q q 0 0 0 rg BT 442.58 464.45 Td (a ) Tj ET Q q 0 0 0 rg BT 449.52 464.45 Td (contract ) Tj ET Q q 0 0 0 rg BT 482.83 464.45 Td (that ) Tj ET Q q 0 0 0 rg BT 499.79 464.45 Td (has ) Tj ET Q q 0 0 0 rg BT 515.17 464.45 Td (a ) Tj ET Q q 0 0 0 rg BT 522.11 464.45 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 552.78 464.45 Td (which ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 453.05 Td (dif) Tj ET Q q 0 0 0 rg BT 46.38 453.05 Td (fers ) Tj ET Q q 0 0 0 rg BT 63.11 453.05 Td (from ) Tj ET Q q 0 0 0 rg BT 84.06 453.05 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 125.06 453.05 Td (market ) Tj ET Q q 0 0 0 rg BT 153.92 453.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 174.34 453.05 Td (at ) Tj ET Q q 0 0 0 rg BT 183.68 453.05 Td (the ) Tj ET Q q 0 0 0 rg BT 197.77 453.05 Td (time ) Tj ET Q q 0 0 0 rg BT 217.14 453.05 Td (of ) Tj ET Q q 0 0 0 rg BT 227.53 453.05 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 273.90 453.05 Td (The ) Tj ET Q q 0 0 0 rg BT 291.16 453.05 Td (net ) Tj ET Q q 0 0 0 rg BT 305.25 453.05 Td (present ) Tj ET Q q 0 0 0 rg BT 335.17 453.05 Td (value ) Tj ET Q q 0 0 0 rg BT 358.22 453.05 Td (of ) Tj ET Q q 0 0 0 rg BT 368.62 453.05 Td (such ) Tj ET Q q 0 0 0 rg BT 388.52 453.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 425.29 453.05 Td (is ) Tj ET Q q 0 0 0 rg BT 434.11 453.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 469.82 453.05 Td (as ) Tj ET Q q 0 0 0 rg BT 480.22 453.05 Td (an ) Tj ET Q q 0 0 0 rg BT 491.67 453.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 512.62 453.05 Td (or ) Tj ET Q q 0 0 0 rg BT 523.02 453.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 555.06 453.05 Td (at ) Tj ET Q q 0 0 0 rg BT 564.40 453.05 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 441.65 Td (purchase ) Tj ET Q q 0 0 0 rg BT 72.14 441.65 Td (date ) Tj ET Q q 0 0 0 rg BT 90.33 441.65 Td (and ) Tj ET Q q 0 0 0 rg BT 106.43 441.65 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 158.41 441.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 202.45 441.65 Td (as ) Tj ET Q q 0 0 0 rg BT 212.74 441.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 245.18 441.65 Td (or ) Tj ET Q q 0 0 0 rg BT 255.47 441.65 Td (reduction ) Tj ET Q q 0 0 0 rg BT 293.72 441.65 Td (to ) Tj ET Q q 0 0 0 rg BT 303.49 441.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 335.93 441.65 Td (over ) Tj ET Q q 0 0 0 rg BT 355.18 441.65 Td (the ) Tj ET Q q 0 0 0 rg BT 369.16 441.65 Td (contract ) Tj ET Q q 0 0 0 rg BT 402.13 441.65 Td (term.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 418.85 Td (Mobilization and demobilization expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 396.05 Td (Mobilization ) Tj ET Q q 0 0 0 rg BT 123.52 396.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.96 396.05 Td (incurred ) Tj ET Q q 0 0 0 rg BT 179.05 396.05 Td (as ) Tj ET Q q 0 0 0 rg BT 189.40 396.05 Td (part ) Tj ET Q q 0 0 0 rg BT 206.61 396.05 Td (of ) Tj ET Q q 0 0 0 rg BT 216.97 396.05 Td (a ) Tj ET Q q 0 0 0 rg BT 223.62 396.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 256.66 396.05 Td (are ) Tj ET Q q 0 0 0 rg BT 270.69 396.05 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 314.28 396.05 Td (and ) Tj ET Q q 0 0 0 rg BT 330.43 396.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 374.54 396.05 Td (as ) Tj ET Q q 0 0 0 rg BT 384.90 396.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.94 396.05 Td (over ) Tj ET Q q 0 0 0 rg BT 437.26 396.05 Td (the ) Tj ET Q q 0 0 0 rg BT 451.30 396.05 Td (original ) Tj ET Q q 0 0 0 rg BT 483.29 396.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 516.33 396.05 Td (term, ) Tj ET Q q 0 0 0 rg BT 538.55 396.05 Td (excluding ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 384.65 Td (any ) Tj ET Q q 0 0 0 rg BT 52.09 384.65 Td (extension ) Tj ET Q q 0 0 0 rg BT 90.88 384.65 Td (option ) Tj ET Q q 0 0 0 rg BT 117.53 384.65 Td (periods. ) Tj ET Q q 0 0 0 rg BT 150.08 384.65 Td (The ) Tj ET Q q 0 0 0 rg BT 167.22 384.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 188.60 384.65 Td (of ) Tj ET Q q 0 0 0 rg BT 198.89 384.65 Td (relocating ) Tj ET Q q 0 0 0 rg BT 239.24 384.65 Td (drilling ) Tj ET Q q 0 0 0 rg BT 269.59 384.65 Td (rigs ) Tj ET Q q 0 0 0 rg BT 286.22 384.65 Td (that ) Tj ET Q q 0 0 0 rg BT 302.84 384.65 Td (are ) Tj ET Q q 0 0 0 rg BT 316.81 384.65 Td (not ) Tj ET Q q 0 0 0 rg BT 331.33 384.65 Td (under ) Tj ET Q q 0 0 0 rg BT 355.33 384.65 Td (contract ) Tj ET Q q 0 0 0 rg BT 388.30 384.65 Td (are ) Tj ET Q q 0 0 0 rg BT 402.27 384.65 Td (expensed ) Tj ET Q q 0 0 0 rg BT 439.99 384.65 Td (as ) Tj ET Q q 0 0 0 rg BT 450.28 384.65 Td (incurred.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 361.85 Td (Demobilization ) Tj ET Q q 0 0 0 rg BT 133.89 361.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 155.68 361.85 Td (are ) Tj ET Q q 0 0 0 rg BT 170.07 361.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 191.86 361.85 Td (related ) Tj ET Q q 0 0 0 rg BT 220.50 361.85 Td (to ) Tj ET Q q 0 0 0 rg BT 230.68 361.85 Td (the ) Tj ET Q q 0 0 0 rg BT 245.08 361.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 276.88 361.85 Td (of ) Tj ET Q q 0 0 0 rg BT 287.59 361.85 Td (a ) Tj ET Q q 0 0 0 rg BT 294.59 361.85 Td (vessel ) Tj ET Q q 0 0 0 rg BT 320.60 361.85 Td (or ) Tj ET Q q 0 0 0 rg BT 331.31 361.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 362.07 361.85 Td (rig ) Tj ET Q q 0 0 0 rg BT 375.42 361.85 Td (to ) Tj ET Q q 0 0 0 rg BT 385.60 361.85 Td (a ) Tj ET Q q 0 0 0 rg BT 392.61 361.85 Td (safe ) Tj ET Q q 0 0 0 rg BT 410.69 361.85 Td (harbor ) Tj ET Q q 0 0 0 rg BT 438.28 361.85 Td (or ) Tj ET Q q 0 0 0 rg BT 448.98 361.85 Td (dif) Tj ET Q q 0 0 0 rg BT 459.36 361.85 Td (ferent ) Tj ET Q q 0 0 0 rg BT 484.31 361.85 Td (geographic ) Tj ET Q q 0 0 0 rg BT 529.30 361.85 Td (area ) Tj ET Q q 0 0 0 rg BT 547.91 361.85 Td (and ) Tj ET Q q 0 0 0 rg BT 564.42 361.85 Td (are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 350.45 Td (expensed ) Tj ET Q q 0 0 0 rg BT 73.72 350.45 Td (as ) Tj ET Q q 0 0 0 rg BT 84.01 350.45 Td (incurred.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 327.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 327.65 Td (V) Tj ET Q q 0 0 0 rg BT 77.28 327.65 Td (essel and Rig Operating Expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 304.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 304.85 Td (V) Tj ET Q q 0 0 0 rg BT 77.81 304.85 Td (essel and rig operating expenses are costs associated with operating a drilling unit that is either in operation or stacked, and include ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 293.45 Td (the remuneration of of) Tj ET Q q 0 0 0 rg BT 121.03 293.45 Td (fshore crews and related costs, supplies, insurance costs, expenses for repairs and maintenance as well as costs related ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 282.05 Td (to onshore personnel in various locations where we operate the drilling units and are expensed as incurred.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 247.85 Td (Repairs, maintenance and periodic surveys) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 225.05 Td (Costs ) Tj ET Q q 0 0 0 rg BT 95.49 225.05 Td (related ) Tj ET Q q 0 0 0 rg BT 123.70 225.05 Td (to ) Tj ET Q q 0 0 0 rg BT 133.46 225.05 Td (periodic ) Tj ET Q q 0 0 0 rg BT 166.95 225.05 Td (surveys ) Tj ET Q q 0 0 0 rg BT 198.35 225.05 Td (of ) Tj ET Q q 0 0 0 rg BT 208.63 225.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 238.97 225.05 Td (rigs ) Tj ET Q q 0 0 0 rg BT 255.59 225.05 Td (are ) Tj ET Q q 0 0 0 rg BT 269.55 225.05 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 313.06 225.05 Td (under ) Tj ET Q q 0 0 0 rg BT 337.06 225.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 367.40 225.05 Td (rigs ) Tj ET Q q 0 0 0 rg BT 384.02 225.05 Td (and ) Tj ET Q q 0 0 0 rg BT 400.10 225.05 Td (amortized ) Tj ET Q q 0 0 0 rg BT 440.46 225.05 Td (over ) Tj ET Q q 0 0 0 rg BT 459.70 225.05 Td (the ) Tj ET Q q 0 0 0 rg BT 473.68 225.05 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 517.72 225.05 Td (period ) Tj ET Q q 0 0 0 rg BT 544.36 225.05 Td (between ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 213.65 Td (overhauls, ) Tj ET Q q 0 0 0 rg BT 78.46 213.65 Td (which ) Tj ET Q q 0 0 0 rg BT 104.83 213.65 Td (is ) Tj ET Q q 0 0 0 rg BT 114.32 213.65 Td (generally ) Tj ET Q q 0 0 0 rg BT 152.81 213.65 Td (five ) Tj ET Q q 0 0 0 rg BT 170.73 213.65 Td (years. ) Tj ET Q q 0 0 0 rg BT 196.07 213.65 Td (These ) Tj ET Q q 0 0 0 rg BT 221.91 213.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 244.06 213.65 Td (are ) Tj ET Q q 0 0 0 rg BT 258.81 213.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 297.31 213.65 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 333.18 213.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 355.33 213.65 Td (and ) Tj ET Q q 0 0 0 rg BT 372.20 213.65 Td (the ) Tj ET Q q 0 0 0 rg BT 386.96 213.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 405.41 213.65 Td (of ) Tj ET Q q 0 0 0 rg BT 416.48 213.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 460.25 213.65 Td (directly ) Tj ET Q q 0 0 0 rg BT 492.42 213.65 Td (involved ) Tj ET Q q 0 0 0 rg BT 528.82 213.65 Td (in ) Tj ET Q q 0 0 0 rg BT 539.36 213.65 Td (the ) Tj ET Q q 0 0 0 rg BT 554.12 213.65 Td (work. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 202.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 88.65 202.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 109.64 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.72 202.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 155.84 202.25 Td (surveys ) Tj ET Q q 0 0 0 rg BT 186.85 202.25 Td (are ) Tj ET Q q 0 0 0 rg BT 200.44 202.25 Td (included ) Tj ET Q q 0 0 0 rg BT 235.15 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.53 202.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 293.48 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.19 202.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 359.19 202.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 394.16 202.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 417.27 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.35 202.25 Td (other ) Tj ET Q q 0 0 0 rg BT 451.86 202.25 Td (repair ) Tj ET Q q 0 0 0 rg BT 476.00 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.71 202.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 541.71 202.25 Td (activities ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 190.85 Td (are ) Tj ET Q q 0 0 0 rg BT 49.97 190.85 Td (included ) Tj ET Q q 0 0 0 rg BT 85.06 190.85 Td (in ) Tj ET Q q 0 0 0 rg BT 94.82 190.85 Td (vessel ) Tj ET Q q 0 0 0 rg BT 120.42 190.85 Td (and ) Tj ET Q q 0 0 0 rg BT 136.51 190.85 Td (rig ) Tj ET Q q 0 0 0 rg BT 149.44 190.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 187.69 190.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 224.36 190.85 Td (and ) Tj ET Q q 0 0 0 rg BT 240.45 190.85 Td (expensed ) Tj ET Q q 0 0 0 rg BT 278.17 190.85 Td (when ) Tj ET Q q 0 0 0 rg BT 301.13 190.85 Td (the ) Tj ET Q q 0 0 0 rg BT 315.11 190.85 Td (repairs ) Tj ET Q q 0 0 0 rg BT 343.33 190.85 Td (and ) Tj ET Q q 0 0 0 rg BT 359.42 190.85 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 409.80 190.85 Td (take ) Tj ET Q q 0 0 0 rg BT 428.00 190.85 Td (place.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 168.05 Td (Foreign currencies) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 145.25 Td (The ) Tj ET Q q 0 0 0 rg BT 88.94 145.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.05 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.94 145.25 Td (its ) Tj ET Q q 0 0 0 rg BT 155.09 145.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 202.11 145.25 Td (use ) Tj ET Q q 0 0 0 rg BT 216.95 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.72 145.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 249.79 145.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 274.12 145.25 Td (as ) Tj ET Q q 0 0 0 rg BT 284.20 145.25 Td (their ) Tj ET Q q 0 0 0 rg BT 303.78 145.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 344.47 145.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 379.87 145.25 Td (because ) Tj ET Q q 0 0 0 rg BT 412.10 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.88 145.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 460.23 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.32 145.25 Td (their ) Tj ET Q q 0 0 0 rg BT 489.90 145.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 525.83 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.72 145.25 Td (expenses ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 133.85 Td (are ) Tj ET Q q 0 0 0 rg BT 49.97 133.85 Td (denominated ) Tj ET Q q 0 0 0 rg BT 101.42 133.85 Td (in ) Tj ET Q q 0 0 0 rg BT 111.18 133.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 130.45 133.85 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 160.53 133.85 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 207.40 133.85 Td (, ) Tj ET Q q 0 0 0 rg BT 212.15 133.85 Td (the ) Tj ET Q q 0 0 0 rg BT 226.14 133.85 Td (Company) Tj ET Q q 0 0 0 rg BT 265.72 133.85 Td (s ) Tj ET Q q 0 0 0 rg BT 271.79 133.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 308.99 133.85 Td (currency ) Tj ET Q q 0 0 0 rg BT 344.59 133.85 Td (is ) Tj ET Q q 0 0 0 rg BT 353.30 133.85 Td (also ) Tj ET Q q 0 0 0 rg BT 370.98 133.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 390.25 133.85 Td (dollars. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 111.05 Td (T) Tj ET Q q 0 0 0 rg BT 77.47 111.05 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 122.85 111.05 Td (in ) Tj ET Q q 0 0 0 rg BT 132.89 111.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 162.97 111.05 Td (currencies ) Tj ET Q q 0 0 0 rg BT 204.64 111.05 Td (during ) Tj ET Q q 0 0 0 rg BT 232.09 111.05 Td (a ) Tj ET Q q 0 0 0 rg BT 238.95 111.05 Td (period ) Tj ET Q q 0 0 0 rg BT 265.87 111.05 Td (are ) Tj ET Q q 0 0 0 rg BT 280.11 111.05 Td (translated ) Tj ET Q q 0 0 0 rg BT 319.68 111.05 Td (into ) Tj ET Q q 0 0 0 rg BT 337.11 111.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 356.65 111.05 Td (dollar ) Tj ET Q q 0 0 0 rg BT 381.45 111.05 Td (at ) Tj ET Q q 0 0 0 rg BT 390.95 111.05 Td (the ) Tj ET Q q 0 0 0 rg BT 405.21 111.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 425.78 111.05 Td (of ) Tj ET Q q 0 0 0 rg BT 436.34 111.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 474.86 111.05 Td (in ) Tj ET Q q 0 0 0 rg BT 484.89 111.05 Td (ef) Tj ET Q q 0 0 0 rg BT 492.10 111.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 508.98 111.05 Td (on ) Tj ET Q q 0 0 0 rg BT 521.13 111.05 Td (the ) Tj ET Q q 0 0 0 rg BT 535.38 111.05 Td (date ) Tj ET Q q 0 0 0 rg BT 553.85 111.05 Td (of ) Tj ET Q q 0 0 0 rg BT 564.40 111.05 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 99.65 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 82.46 99.65 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 114.41 99.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 150.04 99.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 174.60 99.65 Td (and ) Tj ET Q q 0 0 0 rg BT 190.72 99.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 228.48 99.65 Td (are ) Tj ET Q q 0 0 0 rg BT 242.48 99.65 Td (translated ) Tj ET Q q 0 0 0 rg BT 281.81 99.65 Td (using ) Tj ET Q q 0 0 0 rg BT 304.79 99.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 325.13 99.65 Td (of ) Tj ET Q q 0 0 0 rg BT 335.44 99.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 373.71 99.65 Td (at ) Tj ET Q q 0 0 0 rg BT 382.97 99.65 Td (the ) Tj ET Q q 0 0 0 rg BT 396.97 99.65 Td (balance ) Tj ET Q q 0 0 0 rg BT 428.38 99.65 Td (sheet ) Tj ET Q q 0 0 0 rg BT 450.30 99.65 Td (date. ) Tj ET Q q 0 0 0 rg BT 470.90 99.65 Td (Gains ) Tj ET Q q 0 0 0 rg BT 495.47 99.65 Td (and ) Tj ET Q q 0 0 0 rg BT 511.58 99.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 536.68 99.65 Td (on ) Tj ET Q q 0 0 0 rg BT 548.58 99.65 Td (foreign ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 88.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 71.60 88.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 119.35 88.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.33 88.25 Td (included ) Tj ET Q q 0 0 0 rg BT 168.42 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.18 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.16 88.25 Td (Company) Tj ET Q q 0 0 0 rg BT 231.74 88.25 Td (s ) Tj ET Q q 0 0 0 rg BT 237.82 88.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 288.21 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.30 88.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 344.14 88.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 394.53 88.25 Td (carve-out ) Tj ET Q q 0 0 0 rg BT 432.77 88.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 475.25 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.54 88.25 Td (operations.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 65.45 Td (Current and non-current classification) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-14) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 749.45 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 119.94 749.45 Td (and ) Tj ET Q q 0 0 0 rg BT 135.70 749.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 173.10 749.45 Td (are ) Tj ET Q q 0 0 0 rg BT 186.74 749.45 Td (classified ) Tj ET Q q 0 0 0 rg BT 224.66 749.45 Td (as ) Tj ET Q q 0 0 0 rg BT 234.62 749.45 Td (current ) Tj ET Q q 0 0 0 rg BT 263.57 749.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 287.77 749.45 Td (and ) Tj ET Q q 0 0 0 rg BT 303.53 749.45 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 343.31 749.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 388.59 749.45 Td (, ) Tj ET Q q 0 0 0 rg BT 393.01 749.45 Td (if ) Tj ET Q q 0 0 0 rg BT 400.86 749.45 Td (their ) Tj ET Q q 0 0 0 rg BT 420.31 749.45 Td (maturity ) Tj ET Q q 0 0 0 rg BT 454.54 749.45 Td (is ) Tj ET Q q 0 0 0 rg BT 462.92 749.45 Td (within ) Tj ET Q q 0 0 0 rg BT 489.25 749.45 Td (one ) Tj ET Q q 0 0 0 rg BT 505.01 749.45 Td (year ) Tj ET Q q 0 0 0 rg BT 523.40 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 533.35 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 547.00 749.45 Td (balance ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td (sheet ) Tj ET Q q 0 0 0 rg BT 57.90 738.05 Td (date. ) Tj ET Q q 0 0 0 rg BT 78.47 738.05 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 122.26 738.05 Td (they ) Tj ET Q q 0 0 0 rg BT 141.00 738.05 Td (are ) Tj ET Q q 0 0 0 rg BT 154.97 738.05 Td (classified ) Tj ET Q q 0 0 0 rg BT 193.22 738.05 Td (as ) Tj ET Q q 0 0 0 rg BT 203.51 738.05 Td (non-current ) Tj ET Q q 0 0 0 rg BT 250.20 738.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 274.74 738.05 Td (and ) Tj ET Q q 0 0 0 rg BT 290.83 738.05 Td (liabilities.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 715.25 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 692.45 Td (Cash ) Tj ET Q q 0 0 0 rg BT 92.63 692.45 Td (and ) Tj ET Q q 0 0 0 rg BT 107.97 692.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 126.48 692.45 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 171.38 692.45 Td (consist ) Tj ET Q q 0 0 0 rg BT 199.40 692.45 Td (of ) Tj ET Q q 0 0 0 rg BT 208.94 692.45 Td (cash, ) Tj ET Q q 0 0 0 rg BT 229.82 692.45 Td (bank ) Tj ET Q q 0 0 0 rg BT 249.92 692.45 Td (deposits ) Tj ET Q q 0 0 0 rg BT 282.69 692.45 Td (and ) Tj ET Q q 0 0 0 rg BT 298.03 692.45 Td (highly ) Tj ET Q q 0 0 0 rg BT 323.94 692.45 Td (liquid ) Tj ET Q q 0 0 0 rg BT 347.74 692.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 382.60 692.45 Td (instruments ) Tj ET Q q 0 0 0 rg BT 428.56 692.45 Td (with ) Tj ET Q q 0 0 0 rg BT 447.08 692.45 Td (original ) Tj ET Q q 0 0 0 rg BT 478.26 692.45 Td (maturities ) Tj ET Q q 0 0 0 rg BT 517.88 692.45 Td (of ) Tj ET Q q 0 0 0 rg BT 527.42 692.45 Td (three ) Tj ET Q q 0 0 0 rg BT 548.04 692.45 Td (months ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 681.05 Td (or ) Tj ET Q q 0 0 0 rg BT 46.29 681.05 Td (less.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 669.65 Td (Restricted cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 646.85 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 113.03 646.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 132.42 646.85 Td (consists ) Tj ET Q q 0 0 0 rg BT 165.02 646.85 Td (of ) Tj ET Q q 0 0 0 rg BT 175.45 646.85 Td (bank ) Tj ET Q q 0 0 0 rg BT 196.43 646.85 Td (deposits ) Tj ET Q q 0 0 0 rg BT 230.09 646.85 Td (which ) Tj ET Q q 0 0 0 rg BT 255.82 646.85 Td (have ) Tj ET Q q 0 0 0 rg BT 276.26 646.85 Td (been ) Tj ET Q q 0 0 0 rg BT 296.71 646.85 Td (pledged ) Tj ET Q q 0 0 0 rg BT 329.30 646.85 Td (as ) Tj ET Q q 0 0 0 rg BT 339.72 646.85 Td (collateral ) Tj ET Q q 0 0 0 rg BT 377.58 646.85 Td (for ) Tj ET Q q 0 0 0 rg BT 391.17 646.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 419.52 646.85 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 462.65 646.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 488.92 646.85 Td (by ) Tj ET Q q 0 0 0 rg BT 500.93 646.85 Td (a ) Tj ET Q q 0 0 0 rg BT 507.66 646.85 Td (bank ) Tj ET Q q 0 0 0 rg BT 528.64 646.85 Td (or ) Tj ET Q q 0 0 0 rg BT 539.07 646.85 Td (minimum ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 635.45 Td (deposits ) Tj ET Q q 0 0 0 rg BT 69.20 635.45 Td (which ) Tj ET Q q 0 0 0 rg BT 94.47 635.45 Td (must ) Tj ET Q q 0 0 0 rg BT 115.01 635.45 Td (be ) Tj ET Q q 0 0 0 rg BT 126.03 635.45 Td (maintained ) Tj ET Q q 0 0 0 rg BT 170.30 635.45 Td (at ) Tj ET Q q 0 0 0 rg BT 179.21 635.45 Td (all ) Tj ET Q q 0 0 0 rg BT 190.76 635.45 Td (times ) Tj ET Q q 0 0 0 rg BT 213.40 635.45 Td (in ) Tj ET Q q 0 0 0 rg BT 222.85 635.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 267.62 635.45 Td (with ) Tj ET Q q 0 0 0 rg BT 286.57 635.45 Td (contractual ) Tj ET Q q 0 0 0 rg BT 330.83 635.45 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 386.43 635.45 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 427.00 635.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 445.94 635.45 Td (with ) Tj ET Q q 0 0 0 rg BT 464.89 635.45 Td (maturity ) Tj ET Q q 0 0 0 rg BT 499.13 635.45 Td (longer ) Tj ET Q q 0 0 0 rg BT 525.46 635.45 Td (than ) Tj ET Q q 0 0 0 rg BT 543.87 635.45 Td (one ) Tj ET Q q 0 0 0 rg BT 559.65 635.45 Td (year ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 624.05 Td (are ) Tj ET Q q 0 0 0 rg BT 49.97 624.05 Td (classified ) Tj ET Q q 0 0 0 rg BT 88.22 624.05 Td (separately ) Tj ET Q q 0 0 0 rg BT 129.11 624.05 Td (as ) Tj ET Q q 0 0 0 rg BT 139.40 624.05 Td (non-current ) Tj ET Q q 0 0 0 rg BT 186.08 624.05 Td (assets.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 601.25 Td (Receivables) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 578.45 Td (Receivables, including accounts receivable, are recorded in the balance sheet at their nominal amount less an allowance for doubtful ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 567.05 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 73.82 567.05 Td (The Company establishes reserves for doubtful accounts on a case-by-case basis when it is unlikely that required payments of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 555.65 Td (specific amounts will occur) Tj ET Q q 0 0 0 rg BT 140.21 555.65 Td (. In establishing these reserves, the Company considers the financial condition of the customer as well as specific ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 543.65 Td (circumstances related to the receivable, such as customer disputes. Receivable amounts determined as being unrecoverable are written of) Tj ET Q q 0 0 0 rg BT 556.29 543.65 Td (f.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.83 543.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 508.85 Td (Newbuildings) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 486.05 Td (The ) Tj ET Q q 0 0 0 rg BT 90.25 486.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 125.38 486.05 Td (value ) Tj ET Q q 0 0 0 rg BT 149.43 486.05 Td (of ) Tj ET Q q 0 0 0 rg BT 160.82 486.05 Td (rigs ) Tj ET Q q 0 0 0 rg BT 178.55 486.05 Td (under ) Tj ET Q q 0 0 0 rg BT 203.66 486.05 Td (construction ) Tj ET Q q 0 0 0 rg BT 254.10 486.05 Td (\("Newbuildings"\) ) Tj ET Q q 0 0 0 rg BT 324.96 486.05 Td (represents ) Tj ET Q q 0 0 0 rg BT 366.95 486.05 Td (the ) Tj ET Q q 0 0 0 rg BT 382.04 486.05 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 433.52 486.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 456.00 486.05 Td (at ) Tj ET Q q 0 0 0 rg BT 466.33 486.05 Td (the ) Tj ET Q q 0 0 0 rg BT 481.42 486.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 513.90 486.05 Td (sheet ) Tj ET Q q 0 0 0 rg BT 536.90 486.05 Td (date. ) Tj ET Q q 0 0 0 rg BT 558.58 486.05 Td (Cost ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 474.65 Td (components ) Tj ET Q q 0 0 0 rg BT 84.19 474.65 Td (include ) Tj ET Q q 0 0 0 rg BT 114.44 474.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 153.14 474.65 Td (for ) Tj ET Q q 0 0 0 rg BT 166.50 474.65 Td (yard ) Tj ET Q q 0 0 0 rg BT 185.66 474.65 Td (installments ) Tj ET Q q 0 0 0 rg BT 233.86 474.65 Td (and ) Tj ET Q q 0 0 0 rg BT 249.87 474.65 Td (variation ) Tj ET Q q 0 0 0 rg BT 285.92 474.65 Td (orders, ) Tj ET Q q 0 0 0 rg BT 314.32 474.65 Td (construction ) Tj ET Q q 0 0 0 rg BT 363.57 474.65 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 412.03 474.65 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 456.79 474.65 Td (spare ) Tj ET Q q 0 0 0 rg BT 479.12 474.65 Td (parts, ) Tj ET Q q 0 0 0 rg BT 502.25 474.65 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 545.68 474.65 Td (interest, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 463.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 57.64 463.25 Td (related ) Tj ET Q q 0 0 0 rg BT 86.13 463.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.16 463.25 Td (first ) Tj ET Q q 0 0 0 rg BT 114.11 463.25 Td (time ) Tj ET Q q 0 0 0 rg BT 133.64 463.25 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 184.30 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.66 463.25 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 261.37 463.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 285.38 463.25 Td (No ) Tj ET Q q 0 0 0 rg BT 299.64 463.25 Td (char) Tj ET Q q 0 0 0 rg BT 315.81 463.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 327.42 463.25 Td (for ) Tj ET Q q 0 0 0 rg BT 341.14 463.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 390.74 463.25 Td (is ) Tj ET Q q 0 0 0 rg BT 399.72 463.25 Td (made ) Tj ET Q q 0 0 0 rg BT 422.93 463.25 Td (until ) Tj ET Q q 0 0 0 rg BT 443.00 463.25 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 503.70 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.25 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.50 463.25 Td (newbuilding ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 451.85 Td (has ) Tj ET Q q 0 0 0 rg BT 51.04 451.85 Td (been ) Tj ET Q q 0 0 0 rg BT 71.35 451.85 Td (completed ) Tj ET Q q 0 0 0 rg BT 113.29 451.85 Td (and ) Tj ET Q q 0 0 0 rg BT 129.38 451.85 Td (it ) Tj ET Q q 0 0 0 rg BT 137.04 451.85 Td (is ) Tj ET Q q 0 0 0 rg BT 145.75 451.85 Td (ready ) Tj ET Q q 0 0 0 rg BT 169.22 451.85 Td (for ) Tj ET Q q 0 0 0 rg BT 182.67 451.85 Td (its ) Tj ET Q q 0 0 0 rg BT 194.03 451.85 Td (intended ) Tj ET Q q 0 0 0 rg BT 229.11 451.85 Td (use.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 429.05 Td (Capitalized interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 406.25 Td (Interest expenses are capitalized during construction of newbuilds based on accumulated expenditures for the applicable project at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 394.85 Td (the Company) Tj ET Q q 0 0 0 rg BT 89.56 394.85 Td (s current rate of borrowing. ) Tj ET Q q 0 0 0 rg BT 195.97 394.85 Td (The amount of interest expense capitalized in an accounting period shall be determined by applying ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 383.45 Td (an interest rate \(the capitalization rate\) to the average amount of accumulated expenditures for the asset during the period. ) Tj ET Q q 0 0 0 rg BT 509.58 383.45 Td (The ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 372.05 Td (capitalization rates used in an accounting period are based on the rates applicable to borrowings outstanding during the period. ) Tj ET Q q 0 0 0 rg BT 519.14 372.05 Td (The Company ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 360.65 Td (does not capitalize amounts beyond the actual interest expense incurred in the period.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 337.85 Td (If the Company) Tj ET Q q 0 0 0 rg BT 134.27 337.85 Td (s financing plans associate a specific new borrowing with a qualifying asset, the Company uses the rate on that ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 326.45 Td (borrowing as the capitalization rate to be applied to that portion of the average accumulated expenditures for the asset that does not exceed ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 315.05 Td (the amount of that borrowing. If average accumulated expenditures for the asset exceed the amounts of specific new borrowings associated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 303.65 Td (with the asset, the capitalization rate to be applied to such excess shall be a weighted average of the rates applicable to other borrowings of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 292.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 86.31 292.25 Td (.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 269.45 Td (Drilling rigs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 246.65 Td (Rigs, vessels and equipment are recorded at historical cost less accumulated depreciation. ) Tj ET Q q 0 0 0 rg BT 414.78 246.65 Td (The cost of these assets, less estimated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 235.25 Td (residual value is depreciated on a straight-line basis over their estimated remaining economic useful lives. ) Tj ET Q q 0 0 0 rg BT 440.52 235.25 Td (The estimated economic useful life ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 223.85 Td (of the Company's drilling rigs, when new) Tj ET Q q 0 0 0 rg BT 192.51 223.85 Td (, is ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 205.97 223.85 Td (30) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 215.47 223.85 Td ( years.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 212.45 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 201.05 Td (Significant investments are capitalized and depreciated in accordance with the nature of the investment. Significant investments that ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 189.65 Td (are deemed to increase an asset's value for its remaining useful life are capitalized and depreciated over the remaining life of the asset.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 166.85 Td (Cost of property and equipment sold or retired, with the related accumulated depreciation and write-downs are removed from the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 155.45 Td (balance sheet, and resulting gains or losses are included in the consolidated and combined consolidated carve-out statement of operations.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 132.65 Td (Other equipment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 109.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 96.46 109.85 Td (equipment ) Tj ET Q q 0 0 0 rg BT 139.40 109.85 Td (is ) Tj ET Q q 0 0 0 rg BT 148.57 109.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 184.63 109.85 Td (at ) Tj ET Q q 0 0 0 rg BT 194.32 109.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 232.51 109.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 250.64 109.85 Td (less ) Tj ET Q q 0 0 0 rg BT 267.73 109.85 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 318.56 109.85 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 368.34 109.85 Td (and ) Tj ET Q q 0 0 0 rg BT 384.89 109.85 Td (is ) Tj ET Q q 0 0 0 rg BT 394.06 109.85 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 440.67 109.85 Td (over ) Tj ET Q q 0 0 0 rg BT 460.39 109.85 Td (its ) Tj ET Q q 0 0 0 rg BT 472.20 109.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 511.44 109.85 Td (remaining ) Tj ET Q q 0 0 0 rg BT 552.79 109.85 Td (useful ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 98.45 Td (life, ) Tj ET Q q 0 0 0 rg BT 53.41 98.45 Td (which ) Tj ET Q q 0 0 0 rg BT 79.00 98.45 Td (is ) Tj ET Q q 0 0 0 rg BT 87.71 98.45 Td (between ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 121.74 98.45 Td (three) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 140.73 98.45 Td ( ) Tj ET Q q 0 0 0 rg BT 143.10 98.45 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 159.19 98.45 Td (five) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 173.96 98.45 Td ( ) Tj ET Q q 0 0 0 rg BT 176.34 98.45 Td (years ) Tj ET Q q 0 0 0 rg BT 198.76 98.45 Td (depending ) Tj ET Q q 0 0 0 rg BT 240.71 98.45 Td (on ) Tj ET Q q 0 0 0 rg BT 252.58 98.45 Td (the ) Tj ET Q q 0 0 0 rg BT 266.56 98.45 Td (type ) Tj ET Q q 0 0 0 rg BT 285.29 98.45 Td (of ) Tj ET Q q 0 0 0 rg BT 295.58 98.45 Td (asset.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 64.25 Td (Impairment of Long-Lived ) Tj ET Q q 0 0 0 rg BT 178.52 64.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-15) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 749.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.13 749.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 123.13 749.45 Td (value ) Tj ET Q q 0 0 0 rg BT 146.06 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 156.33 749.45 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 197.74 749.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 222.26 749.45 Td (that ) Tj ET Q q 0 0 0 rg BT 238.86 749.45 Td (are ) Tj ET Q q 0 0 0 rg BT 252.82 749.45 Td (held ) Tj ET Q q 0 0 0 rg BT 271.53 749.45 Td (and ) Tj ET Q q 0 0 0 rg BT 287.60 749.45 Td (used ) Tj ET Q q 0 0 0 rg BT 307.37 749.45 Td (by ) Tj ET Q q 0 0 0 rg BT 319.23 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 333.19 749.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.49 749.45 Td (are ) Tj ET Q q 0 0 0 rg BT 386.45 749.45 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 423.62 749.45 Td (for ) Tj ET Q q 0 0 0 rg BT 437.05 749.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 483.20 749.45 Td (whenever ) Tj ET Q q 0 0 0 rg BT 522.48 749.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 550.68 749.45 Td (trigger ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td (events ) Tj ET Q q 0 0 0 rg BT 62.77 738.05 Td (indicate ) Tj ET Q q 0 0 0 rg BT 95.33 738.05 Td (that ) Tj ET Q q 0 0 0 rg BT 112.08 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 126.18 738.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 160.33 738.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.32 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 201.73 738.05 Td (an ) Tj ET Q q 0 0 0 rg BT 213.19 738.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 234.16 738.05 Td (may ) Tj ET Q q 0 0 0 rg BT 253.01 738.05 Td (no ) Tj ET Q q 0 0 0 rg BT 265.01 738.05 Td (longer ) Tj ET Q q 0 0 0 rg BT 291.77 738.05 Td (be ) Tj ET Q q 0 0 0 rg BT 303.24 738.05 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 351.18 738.05 Td (The ) Tj ET Q q 0 0 0 rg BT 368.45 738.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 407.89 738.05 Td (assesses ) Tj ET Q q 0 0 0 rg BT 441.52 738.05 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 496.77 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 507.18 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 521.29 738.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 555.43 738.05 Td (value ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (of ) Tj ET Q q 0 0 0 rg BT 47.49 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 62.68 726.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 84.72 726.65 Td (by ) Tj ET Q q 0 0 0 rg BT 97.80 726.65 Td (estimating ) Tj ET Q q 0 0 0 rg BT 140.96 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 156.14 726.65 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 210.38 726.65 Td (future ) Tj ET Q q 0 0 0 rg BT 236.64 726.65 Td (net ) Tj ET Q q 0 0 0 rg BT 251.83 726.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.29 726.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 296.98 726.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 334.31 726.65 Td (to ) Tj ET Q q 0 0 0 rg BT 345.28 726.65 Td (result ) Tj ET Q q 0 0 0 rg BT 369.96 726.65 Td (from ) Tj ET Q q 0 0 0 rg BT 392.01 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 407.19 726.65 Td (asset, ) Tj ET Q q 0 0 0 rg BT 431.61 726.65 Td (including ) Tj ET Q q 0 0 0 rg BT 471.08 726.65 Td (eventual ) Tj ET Q q 0 0 0 rg BT 506.83 726.65 Td (disposition. ) Tj ET Q q 0 0 0 rg BT 554.49 726.65 Td (If ) Tj ET Q q 0 0 0 rg BT 564.40 726.65 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 715.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 89.01 715.25 Td (future ) Tj ET Q q 0 0 0 rg BT 114.04 715.25 Td (net ) Tj ET Q q 0 0 0 rg BT 127.99 715.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.22 715.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 170.68 715.25 Td (are ) Tj ET Q q 0 0 0 rg BT 184.63 715.25 Td (less ) Tj ET Q q 0 0 0 rg BT 201.23 715.25 Td (than ) Tj ET Q q 0 0 0 rg BT 219.93 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.89 715.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 267.89 715.25 Td (value ) Tj ET Q q 0 0 0 rg BT 290.81 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.07 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.02 715.25 Td (asset, ) Tj ET Q q 0 0 0 rg BT 338.21 715.25 Td (an ) Tj ET Q q 0 0 0 rg BT 349.53 715.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 395.67 715.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 412.80 715.25 Td (is ) Tj ET Q q 0 0 0 rg BT 421.49 715.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 457.07 715.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 479.99 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.72 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.68 715.25 Td (dif) Tj ET Q q 0 0 0 rg BT 514.06 715.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 544.35 715.25 Td (between ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 703.85 Td (the ) Tj ET Q q 0 0 0 rg BT 49.98 703.85 Td (asset) Tj ET Q q 0 0 0 rg BT 71.09 703.85 Td (s ) Tj ET Q q 0 0 0 rg BT 77.16 703.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 111.19 703.85 Td (value ) Tj ET Q q 0 0 0 rg BT 134.13 703.85 Td (and ) Tj ET Q q 0 0 0 rg BT 150.23 703.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 165.79 703.85 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 691.85 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 657.65 Td (Goodwill) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 634.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.19 634.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.55 634.85 Td (allocates ) Tj ET Q q 0 0 0 rg BT 167.21 634.85 Td (the ) Tj ET Q q 0 0 0 rg BT 182.24 634.85 Td (purchase ) Tj ET Q q 0 0 0 rg BT 219.42 634.85 Td (price ) Tj ET Q q 0 0 0 rg BT 241.83 634.85 Td (of ) Tj ET Q q 0 0 0 rg BT 253.16 634.85 Td (acquired ) Tj ET Q q 0 0 0 rg BT 289.29 634.85 Td (businesses ) Tj ET Q q 0 0 0 rg BT 332.82 634.85 Td (to ) Tj ET Q q 0 0 0 rg BT 343.63 634.85 Td (the ) Tj ET Q q 0 0 0 rg BT 358.66 634.85 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 405.34 634.85 Td (tangible ) Tj ET Q q 0 0 0 rg BT 439.36 634.85 Td (and ) Tj ET Q q 0 0 0 rg BT 456.50 634.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 497.91 634.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 523.50 634.85 Td (and ) Tj ET Q q 0 0 0 rg BT 540.64 634.85 Td (liabilities ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 623.45 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 73.91 623.45 Td (with ) Tj ET Q q 0 0 0 rg BT 93.64 623.45 Td (any ) Tj ET Q q 0 0 0 rg BT 110.19 623.45 Td (remaining ) Tj ET Q q 0 0 0 rg BT 151.54 623.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 182.87 623.45 Td (being ) Tj ET Q q 0 0 0 rg BT 206.81 623.45 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 250.79 623.45 Td (as ) Tj ET Q q 0 0 0 rg BT 261.54 623.45 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 300.53 623.45 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 339.25 623.45 Td (is ) Tj ET Q q 0 0 0 rg BT 348.42 623.45 Td (tested ) Tj ET Q q 0 0 0 rg BT 373.42 623.45 Td (for ) Tj ET Q q 0 0 0 rg BT 387.33 623.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 433.96 623.45 Td (at ) Tj ET Q q 0 0 0 rg BT 443.65 623.45 Td (least ) Tj ET Q q 0 0 0 rg BT 463.89 623.45 Td (annually ) Tj ET Q q 0 0 0 rg BT 499.44 623.45 Td (at ) Tj ET Q q 0 0 0 rg BT 509.13 623.45 Td (the ) Tj ET Q q 0 0 0 rg BT 523.57 623.45 Td (reporting ) Tj ET Q q 0 0 0 rg BT 561.23 623.45 Td (unit ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 612.05 Td (level, ) Tj ET Q q 0 0 0 rg BT 59.57 612.05 Td (which ) Tj ET Q q 0 0 0 rg BT 85.52 612.05 Td (is ) Tj ET Q q 0 0 0 rg BT 94.59 612.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 125.81 612.05 Td (as ) Tj ET Q q 0 0 0 rg BT 136.46 612.05 Td (an ) Tj ET Q q 0 0 0 rg BT 148.16 612.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.77 612.05 Td (segment, ) Tj ET Q q 0 0 0 rg BT 223.54 612.05 Td (or ) Tj ET Q q 0 0 0 rg BT 234.19 612.05 Td (a ) Tj ET Q q 0 0 0 rg BT 241.14 612.05 Td (component ) Tj ET Q q 0 0 0 rg BT 286.08 612.05 Td (one ) Tj ET Q q 0 0 0 rg BT 302.53 612.05 Td (level ) Tj ET Q q 0 0 0 rg BT 323.73 612.05 Td (below ) Tj ET Q q 0 0 0 rg BT 349.68 612.05 Td (an ) Tj ET Q q 0 0 0 rg BT 361.38 612.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 399.99 612.05 Td (segment, ) Tj ET Q q 0 0 0 rg BT 436.76 612.05 Td (that ) Tj ET Q q 0 0 0 rg BT 453.74 612.05 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 497.11 612.05 Td (a ) Tj ET Q q 0 0 0 rg BT 504.06 612.05 Td (business ) Tj ET Q q 0 0 0 rg BT 538.99 612.05 Td (for ) Tj ET Q q 0 0 0 rg BT 552.80 612.05 Td (which ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 600.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 71.61 600.65 Td (information ) Tj ET Q q 0 0 0 rg BT 118.84 600.65 Td (is ) Tj ET Q q 0 0 0 rg BT 127.55 600.65 Td (available ) Tj ET Q q 0 0 0 rg BT 164.21 600.65 Td (and ) Tj ET Q q 0 0 0 rg BT 180.30 600.65 Td (is ) Tj ET Q q 0 0 0 rg BT 189.01 600.65 Td (regularly ) Tj ET Q q 0 0 0 rg BT 225.68 600.65 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 262.87 600.65 Td (by ) Tj ET Q q 0 0 0 rg BT 274.74 600.65 Td (management. ) Tj ET Q q 0 0 0 rg BT 327.86 600.65 Td (The ) Tj ET Q q 0 0 0 rg BT 345.00 600.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.32 600.65 Td (has ) Tj ET Q q 0 0 0 rg BT 399.36 600.65 Td (one ) Tj ET Q q 0 0 0 rg BT 415.45 600.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.65 600.65 Td (unit. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 577.85 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 577.85 Td (The Company tests goodwill for impairment on an annual basis as of December 31 each year or when events or circumstances ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 566.45 Td (indicate that a potential impairment exists. ) Tj ET Q q 0 0 0 rg BT 199.66 566.45 Td (The Company first assesses qualitative factors to determine whether it is more-likely-than-not that ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 555.05 Td (the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two step ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 543.65 Td (goodwill impairment test.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 520.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 520.85 Td (If the qualitative factors indicate possible impairment, the Company performs a quantitative assessment to estimate fair value of its ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 509.45 Td (reporting units compared to their carrying value. In the event that the fair value is less than carrying value, the Company must perform an ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 498.05 Td (exercise similar to a purchase price allocation in a business combination in order to determine the amount of the impairment char) Tj ET Q q 0 0 0 rg BT 526.51 498.05 Td (ge.The ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 486.65 Td (quantitative goodwill impairment test for a reporting unit is based on discounted cash flows. ) Tj ET Q q 0 0 0 rg BT 388.59 486.65 Td (The Company uses estimated future cash flows ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 475.25 Td (applying contract dayrates during the firm contract periods and estimated forecasted dayrates for the periods after expiry of firm contract ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 463.85 Td (periods. Zero escalation of dayrates for the periods will be assumed. ) Tj ET Q q 0 0 0 rg BT 297.27 463.85 Td (The estimated future cash flows will be based on remaining economic ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 452.45 Td (useful lives for the assets, and discounted using a weighted average cost of capital \(W) Tj ET Q q 0 0 0 rg BT 361.28 452.45 Td (ACC\).) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 417.65 Td (Defined benefit pension plans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 394.85 Td (The ) Tj ET Q q 0 0 0 rg BT 88.80 394.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.76 394.85 Td (has ) Tj ET Q q 0 0 0 rg BT 142.45 394.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 172.97 394.85 Td (benefit ) Tj ET Q q 0 0 0 rg BT 201.37 394.85 Td (plans ) Tj ET Q q 0 0 0 rg BT 223.45 394.85 Td (which ) Tj ET Q q 0 0 0 rg BT 248.69 394.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 279.74 394.85 Td (retirement, ) Tj ET Q q 0 0 0 rg BT 323.18 394.85 Td (death ) Tj ET Q q 0 0 0 rg BT 345.77 394.85 Td (and ) Tj ET Q q 0 0 0 rg BT 361.52 394.85 Td (early ) Tj ET Q q 0 0 0 rg BT 382.53 394.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 428.35 394.85 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 462.68 394.85 Td (The ) Tj ET Q q 0 0 0 rg BT 479.48 394.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 523.85 394.85 Td (net ) Tj ET Q q 0 0 0 rg BT 537.49 394.85 Td (obligation ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 383.45 Td (is ) Tj ET Q q 0 0 0 rg BT 44.85 383.45 Td (calculated ) Tj ET Q q 0 0 0 rg BT 85.86 383.45 Td (separately ) Tj ET Q q 0 0 0 rg BT 126.87 383.45 Td (for ) Tj ET Q q 0 0 0 rg BT 140.46 383.45 Td (each ) Tj ET Q q 0 0 0 rg BT 160.37 383.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 179.23 383.45 Td (by ) Tj ET Q q 0 0 0 rg BT 191.24 383.45 Td (estimating ) Tj ET Q q 0 0 0 rg BT 233.33 383.45 Td (the ) Tj ET Q q 0 0 0 rg BT 247.44 383.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 278.45 383.45 Td (of ) Tj ET Q q 0 0 0 rg BT 288.87 383.45 Td (the ) Tj ET Q q 0 0 0 rg BT 302.98 383.45 Td (future ) Tj ET Q q 0 0 0 rg BT 328.17 383.45 Td (benefit ) Tj ET Q q 0 0 0 rg BT 357.06 383.45 Td (that ) Tj ET Q q 0 0 0 rg BT 373.81 383.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 416.95 383.45 Td (have ) Tj ET Q q 0 0 0 rg BT 437.39 383.45 Td (earned ) Tj ET Q q 0 0 0 rg BT 465.21 383.45 Td (in ) Tj ET Q q 0 0 0 rg BT 475.11 383.45 Td (return ) Tj ET Q q 0 0 0 rg BT 500.30 383.45 Td (for ) Tj ET Q q 0 0 0 rg BT 513.89 383.45 Td (their ) Tj ET Q q 0 0 0 rg BT 533.81 383.45 Td (cumulative ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 372.05 Td (service.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 349.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.05 349.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 133.00 349.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 170.63 349.25 Td (future ) Tj ET Q q 0 0 0 rg BT 195.59 349.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 224.25 349.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 265.06 349.25 Td (is ) Tj ET Q q 0 0 0 rg BT 273.67 349.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 317.12 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.79 349.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.29 349.25 Td (present ) Tj ET Q q 0 0 0 rg BT 363.00 349.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 388.23 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.23 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.12 349.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 462.07 349.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 477.53 349.25 Td (value ) Tj ET Q q 0 0 0 rg BT 500.39 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.58 349.25 Td (any ) Tj ET Q q 0 0 0 rg BT 526.58 349.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 545.22 349.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 569.66 349.25 Td (is ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 337.85 Td (deducted. ) Tj ET Q q 0 0 0 rg BT 75.48 337.85 Td (The ) Tj ET Q q 0 0 0 rg BT 93.29 337.85 Td (discount ) Tj ET Q q 0 0 0 rg BT 128.52 337.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 145.80 337.85 Td (is ) Tj ET Q q 0 0 0 rg BT 155.18 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 169.82 337.85 Td (market ) Tj ET Q q 0 0 0 rg BT 199.24 337.85 Td (yield ) Tj ET Q q 0 0 0 rg BT 221.27 337.85 Td (at ) Tj ET Q q 0 0 0 rg BT 231.17 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 245.81 337.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 277.86 337.85 Td (sheet ) Tj ET Q q 0 0 0 rg BT 300.41 337.85 Td (date ) Tj ET Q q 0 0 0 rg BT 319.28 337.85 Td (on ) Tj ET Q q 0 0 0 rg BT 331.81 337.85 Td (government ) Tj ET Q q 0 0 0 rg BT 380.23 337.85 Td (bonds ) Tj ET Q q 0 0 0 rg BT 405.97 337.85 Td (in ) Tj ET Q q 0 0 0 rg BT 416.39 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 431.04 337.85 Td (relevant ) Tj ET Q q 0 0 0 rg BT 464.67 337.85 Td (currency ) Tj ET Q q 0 0 0 rg BT 500.94 337.85 Td (and ) Tj ET Q q 0 0 0 rg BT 517.69 337.85 Td (based ) Tj ET Q q 0 0 0 rg BT 542.36 337.85 Td (on ) Tj ET Q q 0 0 0 rg BT 554.90 337.85 Td (terms ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 326.45 Td (consistent ) Tj ET Q q 0 0 0 rg BT 76.73 326.45 Td (with ) Tj ET Q q 0 0 0 rg BT 96.36 326.45 Td (the ) Tj ET Q q 0 0 0 rg BT 110.70 326.45 Td (post-employment ) Tj ET Q q 0 0 0 rg BT 179.93 326.45 Td (benefit ) Tj ET Q q 0 0 0 rg BT 209.04 326.45 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 256.18 326.45 Td (The ) Tj ET Q q 0 0 0 rg BT 273.68 326.45 Td (retirement ) Tj ET Q q 0 0 0 rg BT 315.46 326.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 348.27 326.45 Td (are ) Tj ET Q q 0 0 0 rg BT 362.60 326.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 400.68 326.45 Td (a ) Tj ET Q q 0 0 0 rg BT 407.63 326.45 Td (function ) Tj ET Q q 0 0 0 rg BT 442.03 326.45 Td (of ) Tj ET Q q 0 0 0 rg BT 452.67 326.45 Td (number ) Tj ET Q q 0 0 0 rg BT 484.43 326.45 Td (of ) Tj ET Q q 0 0 0 rg BT 495.08 326.45 Td (years ) Tj ET Q q 0 0 0 rg BT 517.86 326.45 Td (of ) Tj ET Q q 0 0 0 rg BT 528.51 326.45 Td (employment ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 315.05 Td (and ) Tj ET Q q 0 0 0 rg BT 52.19 315.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 83.17 315.05 Td (of ) Tj ET Q q 0 0 0 rg BT 93.55 315.05 Td (employees) Tj ET Q q 0 0 0 rg BT 136.64 315.05 Td ( ) Tj ET Q q 0 0 0 rg BT 139.12 315.05 Td (remuneration. ) Tj ET Q q 0 0 0 rg BT 194.44 315.05 Td (The ) Tj ET Q q 0 0 0 rg BT 211.68 315.05 Td (plans ) Tj ET Q q 0 0 0 rg BT 234.21 315.05 Td (are ) Tj ET Q q 0 0 0 rg BT 248.28 315.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 286.11 315.05 Td (funded ) Tj ET Q q 0 0 0 rg BT 314.97 315.05 Td (through ) Tj ET Q q 0 0 0 rg BT 347.00 315.05 Td (payments ) Tj ET Q q 0 0 0 rg BT 385.88 315.05 Td (to ) Tj ET Q q 0 0 0 rg BT 395.75 315.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 434.63 315.05 Td (companies. ) Tj ET Q q 0 0 0 rg BT 479.93 315.05 Td (The ) Tj ET Q q 0 0 0 rg BT 497.17 315.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 536.59 315.05 Td (records ) Tj ET Q q 0 0 0 rg BT 567.03 315.05 Td (its ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 303.65 Td (pension ) Tj ET Q q 0 0 0 rg BT 67.25 303.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 87.95 303.65 Td (in ) Tj ET Q q 0 0 0 rg BT 97.03 303.65 Td (the ) Tj ET Q q 0 0 0 rg BT 110.33 303.65 Td (period ) Tj ET Q q 0 0 0 rg BT 136.30 303.65 Td (during ) Tj ET Q q 0 0 0 rg BT 162.80 303.65 Td (which ) Tj ET Q q 0 0 0 rg BT 187.71 303.65 Td (the ) Tj ET Q q 0 0 0 rg BT 201.01 303.65 Td (services ) Tj ET Q q 0 0 0 rg BT 233.30 303.65 Td (are ) Tj ET Q q 0 0 0 rg BT 246.60 303.65 Td (rendered ) Tj ET Q q 0 0 0 rg BT 281.52 303.65 Td (by ) Tj ET Q q 0 0 0 rg BT 292.71 303.65 Td (the ) Tj ET Q q 0 0 0 rg BT 306.02 303.65 Td (employees. ) Tj ET Q q 0 0 0 rg BT 350.34 303.65 Td (Actuarial ) Tj ET Q q 0 0 0 rg BT 387.38 303.65 Td (gains ) Tj ET Q q 0 0 0 rg BT 409.13 303.65 Td (and ) Tj ET Q q 0 0 0 rg BT 424.54 303.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 448.93 303.65 Td (are ) Tj ET Q q 0 0 0 rg BT 462.23 303.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 505.59 303.65 Td (in ) Tj ET Q q 0 0 0 rg BT 514.68 303.65 Td (the ) Tj ET Q q 0 0 0 rg BT 527.98 303.65 Td (consolidated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 292.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 75.63 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.78 292.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.58 292.25 Td (when ) Tj ET Q q 0 0 0 rg BT 153.39 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.22 292.25 Td (net ) Tj ET Q q 0 0 0 rg BT 183.06 292.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 228.49 292.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 282.89 292.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 318.82 292.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 342.10 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 353.24 292.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 379.17 292.25 Td (for ) Tj ET Q q 0 0 0 rg BT 393.48 292.25 Td (each ) Tj ET Q q 0 0 0 rg BT 414.11 292.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 455.86 292.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 475.44 292.25 Td (at ) Tj ET Q q 0 0 0 rg BT 485.53 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.36 292.25 Td (end ) Tj ET Q q 0 0 0 rg BT 517.31 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.45 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 543.29 292.25 Td (previous ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 280.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 72.88 280.85 Td (year ) Tj ET Q q 0 0 0 rg BT 91.28 280.85 Td (exceed ) Tj ET Q q 0 0 0 rg BT 119.71 280.85 Td (10% ) Tj ET Q q 0 0 0 rg BT 139.18 280.85 Td (of ) Tj ET Q q 0 0 0 rg BT 149.15 280.85 Td (the ) Tj ET Q q 0 0 0 rg BT 162.81 280.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 189.14 280.85 Td (of ) Tj ET Q q 0 0 0 rg BT 199.11 280.85 Td (the ) Tj ET Q q 0 0 0 rg BT 212.78 280.85 Td (present ) Tj ET Q q 0 0 0 rg BT 242.27 280.85 Td (value ) Tj ET Q q 0 0 0 rg BT 264.90 280.85 Td (of ) Tj ET Q q 0 0 0 rg BT 274.87 280.85 Td (the ) Tj ET Q q 0 0 0 rg BT 288.53 280.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 319.08 280.85 Td (benefit ) Tj ET Q q 0 0 0 rg BT 347.51 280.85 Td (obligation ) Tj ET Q q 0 0 0 rg BT 388.09 280.85 Td (and ) Tj ET Q q 0 0 0 rg BT 403.87 280.85 Td (the ) Tj ET Q q 0 0 0 rg BT 417.53 280.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 432.77 280.85 Td (value ) Tj ET Q q 0 0 0 rg BT 455.40 280.85 Td (of ) Tj ET Q q 0 0 0 rg BT 465.37 280.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 483.78 280.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 508.01 280.85 Td (at ) Tj ET Q q 0 0 0 rg BT 516.92 280.85 Td (that ) Tj ET Q q 0 0 0 rg BT 533.22 280.85 Td (date. ) Tj ET Q q 0 0 0 rg BT 553.33 280.85 Td (These ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 269.45 Td (gains ) Tj ET Q q 0 0 0 rg BT 58.46 269.45 Td (and ) Tj ET Q q 0 0 0 rg BT 74.57 269.45 Td (losses ) Tj ET Q q 0 0 0 rg BT 99.67 269.45 Td (are ) Tj ET Q q 0 0 0 rg BT 113.67 269.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 157.75 269.45 Td (over ) Tj ET Q q 0 0 0 rg BT 177.03 269.45 Td (the ) Tj ET Q q 0 0 0 rg BT 191.04 269.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 227.19 269.45 Td (remaining ) Tj ET Q q 0 0 0 rg BT 268.11 269.45 Td (working ) Tj ET Q q 0 0 0 rg BT 302.18 269.45 Td (lives ) Tj ET Q q 0 0 0 rg BT 322.52 269.45 Td (of ) Tj ET Q q 0 0 0 rg BT 332.84 269.45 Td (the ) Tj ET Q q 0 0 0 rg BT 346.85 269.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 389.88 269.45 Td (participating ) Tj ET Q q 0 0 0 rg BT 440.29 269.45 Td (in ) Tj ET Q q 0 0 0 rg BT 450.08 269.45 Td (the ) Tj ET Q q 0 0 0 rg BT 464.09 269.45 Td (plans. ) Tj ET Q q 0 0 0 rg BT 488.92 269.45 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 532.74 269.45 Td (recognition ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 258.05 Td (of ) Tj ET Q q 0 0 0 rg BT 46.61 258.05 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 82.01 258.05 Td (gains ) Tj ET Q q 0 0 0 rg BT 104.76 258.05 Td (and ) Tj ET Q q 0 0 0 rg BT 121.17 258.05 Td (losses ) Tj ET Q q 0 0 0 rg BT 146.56 258.05 Td (is ) Tj ET Q q 0 0 0 rg BT 155.60 258.05 Td (included ) Tj ET Q q 0 0 0 rg BT 191.01 258.05 Td (in ) Tj ET Q q 0 0 0 rg BT 201.09 258.05 Td (other ) Tj ET Q q 0 0 0 rg BT 223.31 258.05 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 283.51 258.05 Td (income. ) Tj ET Q q 0 0 0 rg BT 316.55 258.05 Td ( ) Tj ET Q q 0 0 0 rg BT 319.05 258.05 Td (Those ) Tj ET Q q 0 0 0 rg BT 344.96 258.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 379.85 258.05 Td (will ) Tj ET Q q 0 0 0 rg BT 397.33 258.05 Td (be ) Tj ET Q q 0 0 0 rg BT 408.99 258.05 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 461.29 258.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 505.66 258.05 Td (as ) Tj ET Q q 0 0 0 rg BT 516.27 258.05 Td (a ) Tj ET Q q 0 0 0 rg BT 523.18 258.05 Td (component ) Tj ET Q q 0 0 0 rg BT 568.09 258.05 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 246.65 Td (net ) Tj ET Q q 0 0 0 rg BT 49.98 246.65 Td (periodic ) Tj ET Q q 0 0 0 rg BT 83.48 246.65 Td (pension ) Tj ET Q q 0 0 0 rg BT 115.41 246.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 133.09 246.65 Td (on ) Tj ET Q q 0 0 0 rg BT 144.97 246.65 Td (the ) Tj ET Q q 0 0 0 rg BT 158.95 246.65 Td (same ) Tj ET Q q 0 0 0 rg BT 180.84 246.65 Td (basis ) Tj ET Q q 0 0 0 rg BT 202.22 246.65 Td (as ) Tj ET Q q 0 0 0 rg BT 212.51 246.65 Td (the ) Tj ET Q q 0 0 0 rg BT 226.49 246.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 261.06 246.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 305.10 246.65 Td (in ) Tj ET Q q 0 0 0 rg BT 314.87 246.65 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 365.25 246.65 Td (other ) Tj ET Q q 0 0 0 rg BT 387.14 246.65 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 447.02 246.65 Td (income.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 223.85 Td (T) Tj ET Q q 0 0 0 rg BT 77.45 223.85 Td (reasury shares) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 201.05 Td (T) Tj ET Q q 0 0 0 rg BT 77.47 201.05 Td (reasury ) Tj ET Q q 0 0 0 rg BT 108.14 201.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 134.60 201.05 Td (are ) Tj ET Q q 0 0 0 rg BT 148.91 201.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 193.30 201.05 Td (at ) Tj ET Q q 0 0 0 rg BT 202.87 201.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 220.89 201.05 Td (as ) Tj ET Q q 0 0 0 rg BT 231.52 201.05 Td (a ) Tj ET Q q 0 0 0 rg BT 238.45 201.05 Td (separate ) Tj ET Q q 0 0 0 rg BT 272.29 201.05 Td (component ) Tj ET Q q 0 0 0 rg BT 317.22 201.05 Td (of ) Tj ET Q q 0 0 0 rg BT 327.85 201.05 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 380.29 201.05 Td (equity) Tj ET Q q 0 0 0 rg BT 403.41 201.05 Td (. ) Tj ET Q q 0 0 0 rg BT 408.31 201.05 Td (The ) Tj ET Q q 0 0 0 rg BT 425.80 201.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 462.27 201.05 Td (of ) Tj ET Q q 0 0 0 rg BT 472.90 201.05 Td (treasury ) Tj ET Q q 0 0 0 rg BT 506.22 201.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 532.67 201.05 Td (reduces ) Tj ET Q q 0 0 0 rg BT 564.40 201.05 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 189.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 80.99 189.65 Td (share ) Tj ET Q q 0 0 0 rg BT 103.68 189.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 131.64 189.65 Td (by ) Tj ET Q q 0 0 0 rg BT 143.78 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 158.03 189.65 Td (nominal ) Tj ET Q q 0 0 0 rg BT 191.80 189.65 Td (value ) Tj ET Q q 0 0 0 rg BT 215.02 189.65 Td (of ) Tj ET Q q 0 0 0 rg BT 225.57 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 239.82 189.65 Td (acquired ) Tj ET Q q 0 0 0 rg BT 275.16 189.65 Td (treasury ) Tj ET Q q 0 0 0 rg BT 308.40 189.65 Td (shares. ) Tj ET Q q 0 0 0 rg BT 336.97 189.65 Td (The ) Tj ET Q q 0 0 0 rg BT 354.38 189.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.51 189.65 Td (paid ) Tj ET Q q 0 0 0 rg BT 404.51 189.65 Td (in ) Tj ET Q q 0 0 0 rg BT 414.54 189.65 Td (excess ) Tj ET Q q 0 0 0 rg BT 441.98 189.65 Td (of ) Tj ET Q q 0 0 0 rg BT 452.53 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 466.78 189.65 Td (nominal ) Tj ET Q q 0 0 0 rg BT 500.55 189.65 Td (value ) Tj ET Q q 0 0 0 rg BT 523.77 189.65 Td (is ) Tj ET Q q 0 0 0 rg BT 532.75 189.65 Td (treated ) Tj ET Q q 0 0 0 rg BT 561.23 189.65 Td (as ) Tj ET Q q 0 0 0 rg BT 571.78 189.65 Td (a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 178.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 74.25 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.54 178.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 124.91 178.25 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 154.19 178.25 Td (capital.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 155.45 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 258.25 155.45 Td (Activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 132.65 Td (The ) Tj ET Q q 0 0 0 rg BT 89.35 132.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 134.29 132.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 174.85 132.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 221.77 132.65 Td (include ) Tj ET Q q 0 0 0 rg BT 252.31 132.65 Td (interest-rate ) Tj ET Q q 0 0 0 rg BT 300.26 132.65 Td (swap ) Tj ET Q q 0 0 0 rg BT 322.37 132.65 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 370.58 132.65 Td (cross ) Tj ET Q q 0 0 0 rg BT 392.69 132.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 428.50 132.65 Td (swaps ) Tj ET Q q 0 0 0 rg BT 454.30 132.65 Td (and ) Tj ET Q q 0 0 0 rg BT 470.60 132.65 Td (forward ) Tj ET Q q 0 0 0 rg BT 503.25 132.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 541.70 132.65 Td (contracts ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 121.25 Td (which ) Tj ET Q q 0 0 0 rg BT 62.10 121.25 Td (are ) Tj ET Q q 0 0 0 rg BT 76.57 121.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 112.68 121.25 Td (at ) Tj ET Q q 0 0 0 rg BT 122.42 121.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 138.48 121.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 164.31 121.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 199.90 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.17 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.66 121.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 240.72 121.25 Td (value ) Tj ET Q q 0 0 0 rg BT 264.17 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.97 121.25 Td (these ) Tj ET Q q 0 0 0 rg BT 297.37 121.25 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 344.30 121.25 Td (which ) Tj ET Q q 0 0 0 rg BT 370.40 121.25 Td (have ) Tj ET Q q 0 0 0 rg BT 391.21 121.25 Td (not ) Tj ET Q q 0 0 0 rg BT 406.23 121.25 Td (been ) Tj ET Q q 0 0 0 rg BT 427.04 121.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 470.55 121.25 Td (as ) Tj ET Q q 0 0 0 rg BT 481.34 121.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 514.83 121.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 564.42 121.25 Td (are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 109.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 71.60 109.85 Td (as ) Tj ET Q q 0 0 0 rg BT 81.89 109.85 Td (a ) Tj ET Q q 0 0 0 rg BT 88.48 109.85 Td (gain ) Tj ET Q q 0 0 0 rg BT 107.21 109.85 Td (or ) Tj ET Q q 0 0 0 rg BT 117.50 109.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 134.66 109.85 Td (as ) Tj ET Q q 0 0 0 rg BT 144.95 109.85 Td (a ) Tj ET Q q 0 0 0 rg BT 151.54 109.85 Td (separate ) Tj ET Q q 0 0 0 rg BT 185.04 109.85 Td (line ) Tj ET Q q 0 0 0 rg BT 201.66 109.85 Td (item ) Tj ET Q q 0 0 0 rg BT 220.92 109.85 Td (within ) Tj ET Q q 0 0 0 rg BT 247.57 109.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.18 109.85 Td (items ) Tj ET Q q 0 0 0 rg BT 306.14 109.85 Td (in ) Tj ET Q q 0 0 0 rg BT 315.90 109.85 Td (our ) Tj ET Q q 0 0 0 rg BT 330.94 109.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 381.33 109.85 Td (statement ) Tj ET Q q 0 0 0 rg BT 420.11 109.85 Td (of ) Tj ET Q q 0 0 0 rg BT 430.40 109.85 Td (operations.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 98.45 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 87.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 87.05 Td (Changes ) Tj ET Q q 0 0 0 rg BT 107.51 87.05 Td (in ) Tj ET Q q 0 0 0 rg BT 117.69 87.05 Td (the ) Tj ET Q q 0 0 0 rg BT 132.09 87.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 148.07 87.05 Td (value ) Tj ET Q q 0 0 0 rg BT 171.43 87.05 Td (of ) Tj ET Q q 0 0 0 rg BT 182.14 87.05 Td (any ) Tj ET Q q 0 0 0 rg BT 198.65 87.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 239.42 87.05 Td (instrument ) Tj ET Q q 0 0 0 rg BT 282.85 87.05 Td (that ) Tj ET Q q 0 0 0 rg BT 299.89 87.05 Td (we ) Tj ET Q q 0 0 0 rg BT 313.76 87.05 Td (have ) Tj ET Q q 0 0 0 rg BT 334.49 87.05 Td (formally ) Tj ET Q q 0 0 0 rg BT 369.99 87.05 Td (designated ) Tj ET Q q 0 0 0 rg BT 413.41 87.05 Td (as ) Tj ET Q q 0 0 0 rg BT 424.12 87.05 Td (a ) Tj ET Q q 0 0 0 rg BT 431.13 87.05 Td (hedge, ) Tj ET Q q 0 0 0 rg BT 458.98 87.05 Td (are ) Tj ET Q q 0 0 0 rg BT 473.37 87.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 517.83 87.05 Td (in ) Tj ET Q q 0 0 0 rg BT 528.01 87.05 Td (accumulated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 75.65 Td (other ) Tj ET Q q 0 0 0 rg BT 57.50 75.65 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 116.99 75.65 Td (income/\(loss\) ) Tj ET Q q 0 0 0 rg BT 170.69 75.65 Td (in ) Tj ET Q q 0 0 0 rg BT 180.06 75.65 Td (the ) Tj ET Q q 0 0 0 rg BT 193.65 75.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 243.65 75.65 Td (balance ) Tj ET Q q 0 0 0 rg BT 274.64 75.65 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 301.78 75.65 Td (Any ) Tj ET Q q 0 0 0 rg BT 320.12 75.65 Td (change ) Tj ET Q q 0 0 0 rg BT 349.01 75.65 Td (in ) Tj ET Q q 0 0 0 rg BT 358.38 75.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 373.55 75.65 Td (value ) Tj ET Q q 0 0 0 rg BT 396.10 75.65 Td (relating ) Tj ET Q q 0 0 0 rg BT 427.10 75.65 Td (to ) Tj ET Q q 0 0 0 rg BT 436.47 75.65 Td (an ) Tj ET Q q 0 0 0 rg BT 447.42 75.65 Td (inef) Tj ET Q q 0 0 0 rg BT 462.02 75.65 Td (fective ) Tj ET Q q 0 0 0 rg BT 489.85 75.65 Td (portion ) Tj ET Q q 0 0 0 rg BT 519.27 75.65 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 75.65 Td (a ) Tj ET Q q 0 0 0 rg BT 535.37 75.65 Td (designated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 64.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 60.99 64.25 Td (is ) Tj ET Q q 0 0 0 rg BT 69.62 64.25 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 115.97 64.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.66 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.57 64.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 189.89 64.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 228.60 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.81 64.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 282.90 64.25 Td (When ) Tj ET Q q 0 0 0 rg BT 307.88 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.79 64.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 351.53 64.25 Td (item ) Tj ET Q q 0 0 0 rg BT 370.71 64.25 Td (af) Tj ET Q q 0 0 0 rg BT 377.92 64.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 398.16 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.07 64.25 Td (income ) Tj ET Q q 0 0 0 rg BT 442.33 64.25 Td (statement, ) Tj ET Q q 0 0 0 rg BT 483.41 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.32 64.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 515.98 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.20 64.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 543.28 64.25 Td (included ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 52.85 Td (in ) Tj ET Q q 0 0 0 rg BT 45.76 52.85 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 96.14 52.85 Td (other ) Tj ET Q q 0 0 0 rg BT 118.04 52.85 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 177.92 52.85 Td (income ) Tj ET Q q 0 0 0 rg BT 208.26 52.85 Td (is ) Tj ET Q q 0 0 0 rg BT 216.97 52.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 251.00 52.85 Td (on ) Tj ET Q q 0 0 0 rg BT 262.87 52.85 Td (the ) Tj ET Q q 0 0 0 rg BT 276.85 52.85 Td (same ) Tj ET Q q 0 0 0 rg BT 298.75 52.85 Td (line ) Tj ET Q q 0 0 0 rg BT 315.37 52.85 Td (in ) Tj ET Q q 0 0 0 rg BT 325.13 52.85 Td (the ) Tj ET Q q 0 0 0 rg BT 339.11 52.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 389.51 52.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 431.98 52.85 Td (of ) Tj ET Q q 0 0 0 rg BT 442.27 52.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.22 52.85 Td (as ) Tj ET Q q 0 0 0 rg BT 494.51 52.85 Td (the ) Tj ET Q q 0 0 0 rg BT 508.49 52.85 Td (hedged ) Tj ET Q q 0 0 0 rg BT 538.30 52.85 Td (item.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-16) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 749.60 Td (Income taxes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 36.00 723.80 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 723.80 Td (North ) Tj ET Q q 0 0 0 rg BT 96.02 723.80 Td (Atlantic is a Bermuda company) Tj ET Q q 0 0 0 rg BT 215.70 723.80 Td (. Currently) Tj ET Q q 0 0 0 rg BT 256.24 723.80 Td (, North ) Tj ET Q q 0 0 0 rg BT 285.01 723.80 Td (Atlantic is not required to pay taxes in Bermuda on ordinary income or ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 712.40 Td (capital gains as it qualifies as an exempt company) Tj ET Q q 0 0 0 rg BT 225.33 712.40 Td (. ) Tj ET Q q 0 0 0 rg BT 229.91 712.40 Td (The Company has received written assurance from the Minister of Finance in Bermuda ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 701.00 Td (that, it will be exempt from taxation until March 2035. Certain of our subsidiaries operate in other jurisdictions where income taxes are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 689.60 Td (imposed. Income taxes have been recorded in these jurisdictions when appropriate. Our income tax expense is based on our income, statutory ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 678.20 Td (tax rates and tax planning opportunities available to us in the various jurisdictions in which we operate. ) Tj ET Q q 0 0 0 rg BT 430.52 678.20 Td (W) Tj ET Q q 0 0 0 rg BT 438.73 678.20 Td (e provide for income taxes based on ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 666.80 Td (the tax laws and rates in ef) Tj ET Q q 0 0 0 rg BT 137.13 666.80 Td (fect in the countries in which operations are conducted and income is earned. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 644.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 644.00 Td (The determination and evaluation of our annual group income tax provision involves interpretation of tax laws in various ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 632.60 Td (jurisdictions in which we operate and requires significant judgment and use of estimates and assumptions regarding significant future events, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 621.20 Td (such as amounts, timing and character of income, deductions and tax credits. ) Tj ET Q q 0 0 0 rg BT 329.98 621.20 Td (There are certain transactions for which the ultimate tax ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 609.80 Td (determination is unclear due to uncertainty in the ordinary course of business. ) Tj ET Q q 0 0 0 rg BT 333.68 609.80 Td (W) Tj ET Q q 0 0 0 rg BT 341.89 609.80 Td (e recognize tax liabilities based on our assessment of whether ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 598.40 Td (our tax positions are more likely than not sustainable, based solely on the technical merits and considerations of the relevant taxing authority's ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 587.00 Td (widely understood administrative practices and precedence. Changes in tax laws, regulations, agreements, treaties, foreign currency exchange ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 575.60 Td (restrictions or our levels of operations or profitability in each jurisdiction may impact our tax liability in any given year) Tj ET Q q 0 0 0 rg BT 488.99 575.60 Td (. ) Tj ET Q q 0 0 0 rg BT 493.57 575.60 Td (While our annual tax ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 564.20 Td (provision is based on the information available to us at the time, a number of years may elapse before the ultimate tax liabilities in certain tax ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 552.80 Td (jurisdictions are determined. Current income tax expense reflects an estimate of our income tax liability for the current year) Tj ET Q q 0 0 0 rg BT 505.44 552.80 Td (, withholding ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 541.40 Td (taxes, changes in prior year tax estimates as tax returns are filed, or from tax audit adjustments.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 518.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 518.60 Td (Our deferred tax expense or benefit represents the change in the balance of deferred tax assets or liabilities as reflected on the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 507.20 Td (balance sheet. ) Tj ET Q q 0 0 0 rg BT 91.48 507.20 Td (V) Tj ET Q q 0 0 0 rg BT 97.29 507.20 Td (aluation allowances are determined to reduce deferred tax assets when it is more likely than not that some portion or all of the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 495.80 Td (deferred tax assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 186.19 495.80 Td (T) Tj ET Q q 0 0 0 rg BT 191.33 495.80 Td (o determine the amount of deferred tax assets and liabilities, as well as of the valuation allowances, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 484.40 Td (we must make estimates and certain assumptions regarding future taxable income, including where our drilling units are expected to be ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 473.00 Td (deployed, as well as other assumptions related to our future tax position. ) Tj ET Q q 0 0 0 rg BT 313.03 473.00 Td (A) Tj ET Q q 0 0 0 rg BT 319.37 473.00 Td ( change in such estimates and assumptions, along with any changes ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 461.60 Td (in tax laws, could require us to adjust the deferred tax assets, liabilities, or valuation allowances.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 438.80 Td (Deferred charges) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 416.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 94.01 416.00 Td (related ) Tj ET Q q 0 0 0 rg BT 122.34 416.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 146.21 416.00 Td (including ) Tj ET Q q 0 0 0 rg BT 184.58 416.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 203.43 416.00 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 253.39 416.00 Td (fees, ) Tj ET Q q 0 0 0 rg BT 273.55 416.00 Td (are ) Tj ET Q q 0 0 0 rg BT 287.64 416.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 331.27 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 347.48 416.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 387.95 416.00 Td (over ) Tj ET Q q 0 0 0 rg BT 407.32 416.00 Td (the ) Tj ET Q q 0 0 0 rg BT 421.42 416.00 Td (term ) Tj ET Q q 0 0 0 rg BT 441.32 416.00 Td (of ) Tj ET Q q 0 0 0 rg BT 451.72 416.00 Td (the ) Tj ET Q q 0 0 0 rg BT 465.82 416.00 Td (related ) Tj ET Q q 0 0 0 rg BT 494.15 416.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 513.00 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 529.20 416.00 Td (are ) Tj ET Q q 0 0 0 rg BT 543.29 416.00 Td (included ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 404.60 Td (in ) Tj ET Q q 0 0 0 rg BT 45.76 404.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 76.10 404.60 Td (expense.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 370.40 Td (Share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.00 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 341.60 Td (The ) Tj ET Q q 0 0 0 rg BT 88.96 341.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.08 341.60 Td (has ) Tj ET Q q 0 0 0 rg BT 142.93 341.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.12 341.60 Td (established ) Tj ET Q q 0 0 0 rg BT 189.52 341.60 Td (a ) Tj ET Q q 0 0 0 rg BT 195.92 341.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 236.62 341.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 260.44 341.60 Td (Units ) Tj ET Q q 0 0 0 rg BT 283.22 341.60 Td (\(RSU\) ) Tj ET Q q 0 0 0 rg BT 318.64 341.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 337.19 341.60 Td (where ) Tj ET Q q 0 0 0 rg BT 362.58 341.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.37 341.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 402.83 341.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.92 341.60 Td (an ) Tj ET Q q 0 0 0 rg BT 424.08 341.60 Td (award ) Tj ET Q q 0 0 0 rg BT 449.47 341.60 Td (is ) Tj ET Q q 0 0 0 rg BT 457.99 341.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 488.67 341.60 Td (to ) Tj ET Q q 0 0 0 rg BT 498.24 341.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 527.85 341.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 553.77 341.60 Td (if ) Tj ET Q q 0 0 0 rg BT 561.76 341.60 Td (still ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 330.20 Td (employed ) Tj ET Q q 0 0 0 rg BT 75.38 330.20 Td (at ) Tj ET Q q 0 0 0 rg BT 84.15 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.67 330.20 Td (end ) Tj ET Q q 0 0 0 rg BT 113.30 330.20 Td (of ) Tj ET Q q 0 0 0 rg BT 123.12 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 136.64 330.20 Td (three ) Tj ET Q q 0 0 0 rg BT 157.54 330.20 Td (year ) Tj ET Q q 0 0 0 rg BT 175.81 330.20 Td (vesting ) Tj ET Q q 0 0 0 rg BT 205.16 330.20 Td (period. ) Tj ET Q q 0 0 0 rg BT 233.72 330.20 Td ( ) Tj ET Q q 0 0 0 rg BT 235.50 330.20 Td (There ) Tj ET Q q 0 0 0 rg BT 259.56 330.20 Td (is ) Tj ET Q q 0 0 0 rg BT 267.81 330.20 Td (no ) Tj ET Q q 0 0 0 rg BT 279.22 330.20 Td (requirement ) Tj ET Q q 0 0 0 rg BT 327.03 330.20 Td (for ) Tj ET Q q 0 0 0 rg BT 340.02 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 353.54 330.20 Td (holder ) Tj ET Q q 0 0 0 rg BT 379.73 330.20 Td (to ) Tj ET Q q 0 0 0 rg BT 389.03 330.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 404.66 330.20 Td (for ) Tj ET Q q 0 0 0 rg BT 417.65 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 431.17 330.20 Td (share ) Tj ET Q q 0 0 0 rg BT 453.13 330.20 Td (on ) Tj ET Q q 0 0 0 rg BT 464.54 330.20 Td (grant ) Tj ET Q q 0 0 0 rg BT 485.98 330.20 Td (or ) Tj ET Q q 0 0 0 rg BT 495.81 330.20 Td (vesting ) Tj ET Q q 0 0 0 rg BT 525.16 330.20 Td ( ) Tj ET Q q 0 0 0 rg BT 527.08 330.20 Td (of ) Tj ET Q q 0 0 0 rg BT 536.90 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 550.42 330.20 Td (award.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 307.40 Td (The ) Tj ET Q q 0 0 0 rg BT 88.98 307.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.38 307.40 Td (value ) Tj ET Q q 0 0 0 rg BT 127.16 307.40 Td (of ) Tj ET Q q 0 0 0 rg BT 137.29 307.40 Td (the ) Tj ET Q q 0 0 0 rg BT 151.10 307.40 Td (RSU ) Tj ET Q q 0 0 0 rg BT 171.80 307.40 Td (award ) Tj ET Q q 0 0 0 rg BT 197.22 307.40 Td (is ) Tj ET Q q 0 0 0 rg BT 205.76 307.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 246.48 307.40 Td (as ) Tj ET Q q 0 0 0 rg BT 256.60 307.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.42 307.40 Td (market ) Tj ET Q q 0 0 0 rg BT 299.01 307.40 Td (share ) Tj ET Q q 0 0 0 rg BT 321.27 307.40 Td (price ) Tj ET Q q 0 0 0 rg BT 342.46 307.40 Td (on ) Tj ET Q q 0 0 0 rg BT 354.18 307.40 Td (grant ) Tj ET Q q 0 0 0 rg BT 375.91 307.40 Td (date. ) Tj ET Q q 0 0 0 rg BT 396.32 307.40 Td ( ) Tj ET Q q 0 0 0 rg BT 398.37 307.40 Td (The ) Tj ET Q q 0 0 0 rg BT 415.35 307.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.74 307.40 Td (value ) Tj ET Q q 0 0 0 rg BT 453.53 307.40 Td (of ) Tj ET Q q 0 0 0 rg BT 463.65 307.40 Td (the ) Tj ET Q q 0 0 0 rg BT 477.47 307.40 Td (awards ) Tj ET Q q 0 0 0 rg BT 506.59 307.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 542.56 307.40 Td (to ) Tj ET Q q 0 0 0 rg BT 552.16 307.40 Td (vest ) Tj ET Q q 0 0 0 rg BT 569.67 307.40 Td (is ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 296.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 80.05 296.00 Td (as ) Tj ET Q q 0 0 0 rg BT 90.33 296.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 145.48 296.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 163.15 296.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 211.44 296.00 Td (over ) Tj ET Q q 0 0 0 rg BT 230.69 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 244.67 296.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 274.49 296.00 Td (period.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 261.80 Td (Provisions) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 239.00 Td (A) Tj ET Q q 0 0 0 rg BT 78.34 239.00 Td ( ) Tj ET Q q 0 0 0 rg BT 80.98 239.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 119.51 239.00 Td (is ) Tj ET Q q 0 0 0 rg BT 128.50 239.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 172.81 239.00 Td (in ) Tj ET Q q 0 0 0 rg BT 182.84 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.09 239.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 228.75 239.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 250.91 239.00 Td (when ) Tj ET Q q 0 0 0 rg BT 274.13 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 288.38 239.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 327.97 239.00 Td (has ) Tj ET Q q 0 0 0 rg BT 343.28 239.00 Td (a ) Tj ET Q q 0 0 0 rg BT 350.14 239.00 Td (present ) Tj ET Q q 0 0 0 rg BT 380.22 239.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 401.32 239.00 Td (or ) Tj ET Q q 0 0 0 rg BT 411.88 239.00 Td (constructive ) Tj ET Q q 0 0 0 rg BT 460.95 239.00 Td (obligation ) Tj ET Q q 0 0 0 rg BT 502.12 239.00 Td (as ) Tj ET Q q 0 0 0 rg BT 512.68 239.00 Td (a ) Tj ET Q q 0 0 0 rg BT 519.54 239.00 Td (result ) Tj ET Q q 0 0 0 rg BT 543.29 239.00 Td (of ) Tj ET Q q 0 0 0 rg BT 553.85 239.00 Td (a ) Tj ET Q q 0 0 0 rg BT 560.71 239.00 Td (past ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 227.60 Td (event, ) Tj ET Q q 0 0 0 rg BT 61.29 227.60 Td (and ) Tj ET Q q 0 0 0 rg BT 77.35 227.60 Td (it ) Tj ET Q q 0 0 0 rg BT 84.97 227.60 Td (is ) Tj ET Q q 0 0 0 rg BT 93.65 227.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 129.23 227.60 Td (that ) Tj ET Q q 0 0 0 rg BT 145.82 227.60 Td (an ) Tj ET Q q 0 0 0 rg BT 157.13 227.60 Td (outflow ) Tj ET Q q 0 0 0 rg BT 189.03 227.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.28 227.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 238.56 227.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 270.97 227.60 Td (will ) Tj ET Q q 0 0 0 rg BT 288.09 227.60 Td (be ) Tj ET Q q 0 0 0 rg BT 299.40 227.60 Td (required ) Tj ET Q q 0 0 0 rg BT 333.40 227.60 Td (to ) Tj ET Q q 0 0 0 rg BT 343.13 227.60 Td (settle ) Tj ET Q q 0 0 0 rg BT 365.52 227.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.47 227.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 420.34 227.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.40 227.60 Td (a ) Tj ET Q q 0 0 0 rg BT 442.96 227.60 Td (reliable ) Tj ET Q q 0 0 0 rg BT 473.78 227.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 507.78 227.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.04 227.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.99 227.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 562.83 227.60 Td (can ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 216.20 Td (be ) Tj ET Q q 0 0 0 rg BT 47.30 216.20 Td (made. ) Tj ET Q q 0 0 0 rg BT 72.59 216.20 Td (If ) Tj ET Q q 0 0 0 rg BT 81.26 216.20 Td (the ) Tj ET Q q 0 0 0 rg BT 95.20 216.20 Td (ef) Tj ET Q q 0 0 0 rg BT 102.41 216.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 118.98 216.20 Td (is ) Tj ET Q q 0 0 0 rg BT 127.66 216.20 Td (material, ) Tj ET Q q 0 0 0 rg BT 163.49 216.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 205.42 216.20 Td (are ) Tj ET Q q 0 0 0 rg BT 219.35 216.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 264.43 216.20 Td (by ) Tj ET Q q 0 0 0 rg BT 276.26 216.20 Td (discounting ) Tj ET Q q 0 0 0 rg BT 322.93 216.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.88 216.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.97 216.20 Td (future ) Tj ET Q q 0 0 0 rg BT 397.99 216.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.21 216.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 440.66 216.20 Td (at ) Tj ET Q q 0 0 0 rg BT 449.86 216.20 Td (a ) Tj ET Q q 0 0 0 rg BT 456.41 216.20 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 485.65 216.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 502.22 216.20 Td (that ) Tj ET Q q 0 0 0 rg BT 518.81 216.20 Td (reflects ) Tj ET Q q 0 0 0 rg BT 549.10 216.20 Td (current ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 204.80 Td (market ) Tj ET Q q 0 0 0 rg BT 64.75 204.80 Td (assessments ) Tj ET Q q 0 0 0 rg BT 113.04 204.80 Td (of ) Tj ET Q q 0 0 0 rg BT 123.33 204.80 Td (the ) Tj ET Q q 0 0 0 rg BT 137.31 204.80 Td (time ) Tj ET Q q 0 0 0 rg BT 156.57 204.80 Td (value ) Tj ET Q q 0 0 0 rg BT 179.52 204.80 Td (of ) Tj ET Q q 0 0 0 rg BT 189.81 204.80 Td (money ) Tj ET Q q 0 0 0 rg BT 218.04 204.80 Td (and, ) Tj ET Q q 0 0 0 rg BT 236.51 204.80 Td (where ) Tj ET Q q 0 0 0 rg BT 262.09 204.80 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 310.10 204.80 Td (the ) Tj ET Q q 0 0 0 rg BT 324.08 204.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 344.40 204.80 Td (specific ) Tj ET Q q 0 0 0 rg BT 376.32 204.80 Td (to ) Tj ET Q q 0 0 0 rg BT 386.08 204.80 Td (the ) Tj ET Q q 0 0 0 rg BT 400.06 204.80 Td (liability) Tj ET Q q 0 0 0 rg BT 429.00 204.80 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 170.60 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 159.20 Td (Related parties) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 136.40 Td (Parties ) Tj ET Q q 0 0 0 rg BT 100.06 136.40 Td (are ) Tj ET Q q 0 0 0 rg BT 113.85 136.40 Td (related ) Tj ET Q q 0 0 0 rg BT 141.89 136.40 Td (if ) Tj ET Q q 0 0 0 rg BT 149.90 136.40 Td (one ) Tj ET Q q 0 0 0 rg BT 165.81 136.40 Td (party ) Tj ET Q q 0 0 0 rg BT 187.53 136.40 Td (has ) Tj ET Q q 0 0 0 rg BT 202.39 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 216.20 136.40 Td (ability) Tj ET Q q 0 0 0 rg BT 239.86 136.40 Td (, ) Tj ET Q q 0 0 0 rg BT 244.43 136.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 275.65 136.40 Td (or ) Tj ET Q q 0 0 0 rg BT 285.76 136.40 Td (indirectly) Tj ET Q q 0 0 0 rg BT 321.55 136.40 Td (, ) Tj ET Q q 0 0 0 rg BT 326.12 136.40 Td (to ) Tj ET Q q 0 0 0 rg BT 335.71 136.40 Td (control ) Tj ET Q q 0 0 0 rg BT 364.82 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 378.62 136.40 Td (other ) Tj ET Q q 0 0 0 rg BT 400.34 136.40 Td (party ) Tj ET Q q 0 0 0 rg BT 422.06 136.40 Td (or ) Tj ET Q q 0 0 0 rg BT 432.17 136.40 Td (exercise ) Tj ET Q q 0 0 0 rg BT 465.49 136.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 507.79 136.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 545.33 136.40 Td (over ) Tj ET Q q 0 0 0 rg BT 564.41 136.40 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 125.00 Td (other ) Tj ET Q q 0 0 0 rg BT 58.21 125.00 Td (party ) Tj ET Q q 0 0 0 rg BT 80.42 125.00 Td (in ) Tj ET Q q 0 0 0 rg BT 90.49 125.00 Td (making ) Tj ET Q q 0 0 0 rg BT 121.68 125.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.60 125.00 Td (and ) Tj ET Q q 0 0 0 rg BT 174.00 125.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 212.57 125.00 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 252.99 125.00 Td (Parties ) Tj ET Q q 0 0 0 rg BT 281.53 125.00 Td (are ) Tj ET Q q 0 0 0 rg BT 295.82 125.00 Td (also ) Tj ET Q q 0 0 0 rg BT 313.81 125.00 Td (related ) Tj ET Q q 0 0 0 rg BT 342.34 125.00 Td (if ) Tj ET Q q 0 0 0 rg BT 350.83 125.00 Td (they ) Tj ET Q q 0 0 0 rg BT 369.88 125.00 Td (are ) Tj ET Q q 0 0 0 rg BT 384.16 125.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 413.76 125.00 Td (to ) Tj ET Q q 0 0 0 rg BT 423.84 125.00 Td (common ) Tj ET Q q 0 0 0 rg BT 459.77 125.00 Td (control ) Tj ET Q q 0 0 0 rg BT 489.37 125.00 Td (or ) Tj ET Q q 0 0 0 rg BT 499.97 125.00 Td (common ) Tj ET Q q 0 0 0 rg BT 535.91 125.00 Td (significant ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 113.60 Td (influence. ) Tj ET Q q 0 0 0 rg BT 75.57 113.60 Td (All ) Tj ET Q q 0 0 0 rg BT 90.08 113.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 137.84 113.60 Td (between ) Tj ET Q q 0 0 0 rg BT 171.86 113.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.84 113.60 Td (related ) Tj ET Q q 0 0 0 rg BT 214.06 113.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 241.76 113.60 Td (are ) Tj ET Q q 0 0 0 rg BT 255.73 113.60 Td (based ) Tj ET Q q 0 0 0 rg BT 279.74 113.60 Td (on ) Tj ET Q q 0 0 0 rg BT 291.61 113.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.60 113.60 Td (principle ) Tj ET Q q 0 0 0 rg BT 341.74 113.60 Td (of ) Tj ET Q q 0 0 0 rg BT 352.03 113.60 Td (arm's ) Tj ET Q q 0 0 0 rg BT 374.58 113.60 Td (length..) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 90.80 Td (Earnings per share) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 68.00 Td (Basic ) Tj ET Q q 0 0 0 rg BT 95.28 68.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 129.64 68.00 Td (per ) Tj ET Q q 0 0 0 rg BT 143.95 68.00 Td (share ) Tj ET Q q 0 0 0 rg BT 166.17 68.00 Td (\("EPS"\) ) Tj ET Q q 0 0 0 rg BT 198.80 68.00 Td (is ) Tj ET Q q 0 0 0 rg BT 207.32 68.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 248.00 68.00 Td (based ) Tj ET Q q 0 0 0 rg BT 271.80 68.00 Td (on ) Tj ET Q q 0 0 0 rg BT 283.48 68.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.26 68.00 Td (income ) Tj ET Q q 0 0 0 rg BT 327.40 68.00 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 350.69 68.00 Td (for ) Tj ET Q q 0 0 0 rg BT 363.95 68.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.73 68.00 Td (period ) Tj ET Q q 0 0 0 rg BT 404.18 68.00 Td (available ) Tj ET Q q 0 0 0 rg BT 440.64 68.00 Td (to ) Tj ET Q q 0 0 0 rg BT 450.21 68.00 Td (common ) Tj ET Q q 0 0 0 rg BT 485.63 68.00 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 535.83 68.00 Td (divided ) Tj ET Q q 0 0 0 rg BT 566.50 68.00 Td (by ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 56.60 Td (the ) Tj ET Q q 0 0 0 rg BT 49.94 56.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 87.10 56.60 Td (average ) Tj ET Q q 0 0 0 rg BT 118.96 56.60 Td (number ) Tj ET Q q 0 0 0 rg BT 150.31 56.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.56 56.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 186.64 56.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 233.30 56.60 Td (for ) Tj ET Q q 0 0 0 rg BT 246.71 56.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 268.57 56.60 Td (EPS ) Tj ET Q q 0 0 0 rg BT 287.27 56.60 Td (for ) Tj ET Q q 0 0 0 rg BT 300.68 56.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.62 56.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 343.60 56.60 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 374.43 56.60 Td (EPS ) Tj ET Q q 0 0 0 rg BT 393.14 56.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 427.13 56.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.07 56.60 Td (ef) Tj ET Q q 0 0 0 rg BT 448.28 56.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 464.85 56.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.10 56.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.04 56.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 524.09 56.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 568.10 56.60 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 45.20 Td (potentially ) Tj ET Q q 0 0 0 rg BT 78.75 45.20 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 109.89 45.20 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 158.57 45.20 Td (The ) Tj ET Q q 0 0 0 rg BT 175.45 45.20 Td (determination ) Tj ET Q q 0 0 0 rg BT 230.33 45.20 Td (of ) Tj ET Q q 0 0 0 rg BT 240.36 45.20 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 271.51 45.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 305.81 45.20 Td (per ) Tj ET Q q 0 0 0 rg BT 320.06 45.20 Td (share ) Tj ET Q q 0 0 0 rg BT 342.22 45.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 374.94 45.20 Td (the ) Tj ET Q q 0 0 0 rg BT 388.66 45.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 427.72 45.20 Td (to ) Tj ET Q q 0 0 0 rg BT 437.23 45.20 Td (potentially ) Tj ET Q q 0 0 0 rg BT 479.98 45.20 Td (make ) Tj ET Q q 0 0 0 rg BT 502.67 45.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 530.63 45.20 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-17) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 749.45 Td (to ) Tj ET Q q 0 0 0 rg BT 45.60 749.45 Td (net ) Tj ET Q q 0 0 0 rg BT 59.41 749.45 Td (income ) Tj ET Q q 0 0 0 rg BT 89.58 749.45 Td (and ) Tj ET Q q 0 0 0 rg BT 105.50 749.45 Td (for ) Tj ET Q q 0 0 0 rg BT 118.78 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 749.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 169.62 749.45 Td (average ) Tj ET Q q 0 0 0 rg BT 201.36 749.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 227.31 749.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 273.84 749.45 Td (used ) Tj ET Q q 0 0 0 rg BT 293.46 749.45 Td (to ) Tj ET Q q 0 0 0 rg BT 303.06 749.45 Td (compute ) Tj ET Q q 0 0 0 rg BT 337.98 749.45 Td (basic ) Tj ET Q q 0 0 0 rg BT 359.70 749.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 394.09 749.45 Td (per ) Tj ET Q q 0 0 0 rg BT 408.43 749.45 Td (share ) Tj ET Q q 0 0 0 rg BT 430.68 749.45 Td (unless ) Tj ET Q q 0 0 0 rg BT 456.64 749.45 Td (anti-dilutive. ) Tj ET Q q 0 0 0 rg BT 507.65 749.45 Td (For ) Tj ET Q q 0 0 0 rg BT 523.05 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 536.87 749.45 Td (period ) Tj ET Q q 0 0 0 rg BT 563.34 749.45 Td (Jan ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 43.24 738.05 Td (to ) Tj ET Q q 0 0 0 rg BT 53.11 738.05 Td (March ) Tj ET Q q 0 0 0 rg BT 80.39 738.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 94.75 738.05 Td (201) Tj ET Q q 0 0 0 rg BT 108.65 738.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 118.26 738.05 Td (basic ) Tj ET Q q 0 0 0 rg BT 140.26 738.05 Td (and ) Tj ET Q q 0 0 0 rg BT 156.47 738.05 Td (diluted ) Tj ET Q q 0 0 0 rg BT 185.34 738.05 Td (EPS ) Tj ET Q q 0 0 0 rg BT 204.19 738.05 Td (has ) Tj ET Q q 0 0 0 rg BT 219.34 738.05 Td (been ) Tj ET Q q 0 0 0 rg BT 239.76 738.05 Td (computed ) Tj ET Q q 0 0 0 rg BT 279.71 738.05 Td (assuming ) Tj ET Q q 0 0 0 rg BT 318.09 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 332.18 738.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 358.40 738.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 384.64 738.05 Td (to ) Tj ET Q q 0 0 0 rg BT 394.52 738.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 426.55 738.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 448.04 738.05 Td (formation ) Tj ET Q q 0 0 0 rg BT 487.98 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 498.38 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 512.48 738.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 551.90 738.05 Td (and ) Tj ET Q q 0 0 0 rg BT 568.11 738.05 Td (as ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (part ) Tj ET Q q 0 0 0 rg BT 53.15 726.65 Td (of ) Tj ET Q q 0 0 0 rg BT 63.43 726.65 Td (consideration ) Tj ET Q q 0 0 0 rg BT 116.99 726.65 Td (for ) Tj ET Q q 0 0 0 rg BT 130.44 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 144.42 726.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 180.58 726.65 Td (amounting ) Tj ET Q q 0 0 0 rg BT 223.59 726.65 Td (to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 233.36 726.65 Td (150,000,300) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 280.86 726.65 Td ( ) Tj ET Q q 0 0 0 rg BT 283.23 726.65 Td (common ) Tj ET Q q 0 0 0 rg BT 318.85 726.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 344.97 726.65 Td (were ) Tj ET Q q 0 0 0 rg BT 365.80 726.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 412.51 726.65 Td (for ) Tj ET Q q 0 0 0 rg BT 425.96 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 439.94 726.65 Td (full ) Tj ET Q q 0 0 0 rg BT 455.51 726.65 Td (period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 688.85 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 138.85 688.85 Td (Accounting Standards ef) Tj ET Q q 0 0 0 rg BT 240.91 688.85 Td (fective 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 664.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 105.96 664.25 Td (sheetEf) Tj ET Q q 0 0 0 rg BT 145.77 664.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 174.73 664.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 217.59 664.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 241.85 664.25 Td (we ) Tj ET Q q 0 0 0 rg BT 255.27 664.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 288.68 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.66 664.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 348.29 664.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 387.82 664.25 Td (update ) Tj ET Q q 0 0 0 rg BT 416.24 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 432.99 664.25 Td (expands ) Tj ET Q q 0 0 0 rg BT 467.52 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.50 664.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 523.81 664.25 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 49.05 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 62.65 652.25 Td (of) Tj ET Q q 0 0 0 rg BT 70.80 652.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 102.19 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.90 652.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 136.62 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.45 652.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 191.05 652.25 Td (related ) Tj ET Q q 0 0 0 rg BT 219.64 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.81 652.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 257.40 652.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 293.77 652.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 341.82 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.65 652.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 399.02 652.25 Td (instruments.) Tj ET Q q 0 0 0 rg BT 453.00 652.25 Td (The ) Tj ET Q q 0 0 0 rg BT 469.94 652.25 Td (update ) Tj ET Q q 0 0 0 rg BT 497.98 652.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 531.58 652.25 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 47.55 640.25 Td (present ) Tj ET Q q 0 0 0 rg BT 80.20 640.25 Td (both ) Tj ET Q q 0 0 0 rg BT 101.75 640.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 126.64 640.25 Td (information ) Tj ET Q q 0 0 0 rg BT 177.62 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.83 640.25 Td (net ) Tj ET Q q 0 0 0 rg BT 211.82 640.25 Td (information ) Tj ET Q q 0 0 0 rg BT 262.81 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 278.24 640.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.00 640.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 367.43 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.65 640.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 429.40 640.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 479.84 640.25 Td (that ) Tj ET Q q 0 0 0 rg BT 498.60 640.25 Td (are ) Tj ET Q q 0 0 0 rg BT 514.58 640.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 548.35 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 563.78 640.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 628.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 87.11 628.25 Td (due ) Tj ET Q q 0 0 0 rg BT 103.78 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.79 628.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.46 628.25 Td (right ) Tj ET Q q 0 0 0 rg BT 141.58 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.15 628.25 Td (of) Tj ET Q q 0 0 0 rg BT 160.30 628.25 Td (fset, ) Tj ET Q q 0 0 0 rg BT 179.47 628.25 Td (an ) Tj ET Q q 0 0 0 rg BT 191.14 628.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 240.01 628.25 Td (master ) Tj ET Q q 0 0 0 rg BT 268.90 628.25 Td (netting ) Tj ET Q q 0 0 0 rg BT 298.90 628.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 351.11 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 361.67 628.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 391.68 628.25 Td (agreement.) Tj ET Q q 0 0 0 rg BT 440.64 628.25 Td (The ) Tj ET Q q 0 0 0 rg BT 458.42 628.25 Td (update ) Tj ET Q q 0 0 0 rg BT 487.31 628.25 Td (is ) Tj ET Q q 0 0 0 rg BT 496.21 628.25 Td (ef) Tj ET Q q 0 0 0 rg BT 503.80 628.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 533.24 628.25 Td (for ) Tj ET Q q 0 0 0 rg BT 547.13 628.25 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 52.87 616.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 81.95 616.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 113.82 616.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 156.24 616.25 Td (on ) Tj ET Q q 0 0 0 rg BT 168.67 616.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.43 616.25 Td (after ) Tj ET Q q 0 0 0 rg BT 200.18 616.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 243.71 616.25 Td (2013.) Tj ET Q q 0 0 0 rg BT 271.02 616.25 Td (The ) Tj ET Q q 0 0 0 rg BT 289.00 616.25 Td (ef) Tj ET Q q 0 0 0 rg BT 296.59 616.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 314.00 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.76 616.25 Td (this ) Tj ET Q q 0 0 0 rg BT 341.64 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.85 616.25 Td (our ) Tj ET Q q 0 0 0 rg BT 367.61 616.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 420.58 616.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.99 616.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 502.63 616.25 Td (is ) Tj ET Q q 0 0 0 rg BT 511.73 616.25 Td (included ) Tj ET Q q 0 0 0 rg BT 548.59 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 558.80 616.25 Td (note ) Tj ET Q q 0 0 0 rg BT 578.51 616.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 604.25 Td (24.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 580.25 Td (Balance sheetEf) Tj ET Q q 0 0 0 rg BT 146.51 580.25 Td (fective January1, 2013, we adopted the accounting standards update that requires an entity to report the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 568.25 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 568.25 Td (fect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 556.25 Td (amount being reclassified is required under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 258.64 556.25 Td ( to be reclassified in its entirety to net income. For other amounts that are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 544.25 Td (required under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 144.22 544.25 Td ( to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 532.25 Td (reference other disclosures required under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 253.89 532.25 Td ( that provide additional detail about those amounts. For public entities, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 520.25 Td (amendments are ef) Tj ET Q q 0 0 0 rg BT 111.34 520.25 Td (fective prospectively for reporting periods beginning after December 15, 2012. ) Tj ET Q q 0 0 0 rg BT 429.38 520.25 Td (The adoption did not have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 508.25 Td (material ef) Tj ET Q q 0 0 0 rg BT 78.85 508.25 Td (fect on our consolidated financial statement.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 475.60 Td (Note 3 Discontinued operations ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 452.80 Td (The Company has presented the assets and liabilities of all legal entities and the results of operations thereof for all periods ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 441.40 Td (presented within the historical combined and consolidated carve out financial statements. However) Tj ET Q q 0 0 0 rg BT 411.81 441.40 Td (, on March 31, 201) Tj ET Q q 0 0 0 rg BT 483.76 441.40 Td (1, the date of the North ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 430.00 Td (Atlantic Restructuring, the Company purchased only certain of the assets and liabilities of these legal entities, while other assets and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 418.60 Td (operations remained with the Seadrill group, pursuant to the acquisition agreement dated February 17, 201) Tj ET Q q 0 0 0 rg BT 440.35 418.60 Td (1. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 395.80 Td (In order to prepare the historical Consolidated Combined Carve-out Financial Statements under U.S. GAAP) Tj ET Q q 0 0 0 rg BT 481.75 395.80 Td (, all assets, liabilities ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 384.40 Td (and operations in the NADL) Tj ET Q q 0 0 0 rg BT 143.82 384.40 Td ( Businesses structure that were not contributed by Seadrill to the Company in connection with the North ) Tj ET Q q 0 0 0 rg BT 541.44 384.40 Td (Atlantic ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 373.00 Td (Restructuring are presented as discontinued operations for periods prior to March 31, 201) Tj ET Q q 0 0 0 rg BT 375.72 373.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 385.05 373.00 Td (The purpose of this is to display the full historical ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 361.60 Td (results of the businesses which were contributed to North ) Tj ET Q q 0 0 0 rg BT 255.78 361.60 Td (Atlantic, while not excluding the businesses that were not contributed so as to give ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 350.20 Td (a full picture of historical operations during the periods presented.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 338.80 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 326.80 Td (The businesses that were not contributed include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.84 326.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 301.70 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 301.70 Td (certain businesses within Seadrill ) Tj ET Q q 0 0 0 rg BT 200.76 301.70 Td (Americas and Seadrill Servicos Petroleo L) Tj ET Q q 0 0 0 rg BT 361.61 301.70 Td (TDA, which pertain to South ) Tj ET Q q 0 0 0 rg BT 474.02 301.70 Td (American operations not ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 288.55 Td (included within North ) Tj ET Q q 0 0 0 rg BT 157.76 288.55 Td (Atlantic but which were legally owned by North ) Tj ET Q q 0 0 0 rg BT 343.50 288.55 Td (Atlantic during the period;) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 262.35 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 262.35 Td (certain businesses within Eastern Drilling ) Tj ET Q q 0 0 0 rg BT 232.16 262.35 Td (AS, which pertain to of) Tj ET Q q 0 0 0 rg BT 320.90 262.35 Td (fshore crewing services on non-North ) Tj ET Q q 0 0 0 rg BT 466.27 262.35 Td (Atlantic assets but which ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 249.25 Td (were legally owned by North ) Tj ET Q q 0 0 0 rg BT 184.65 249.25 Td (Atlantic during the period; and) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 223.00 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 223.00 Td (certain businesses within Seadrill Of) Tj ET Q q 0 0 0 rg BT 211.14 223.00 Td (fshore ) Tj ET Q q 0 0 0 rg BT 236.73 223.00 Td (AS, which was a counterparty to certain charters on non-North ) Tj ET Q q 0 0 0 rg BT 477.07 223.00 Td (Atlantic assets during the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 209.90 Td (period, but which was legally owned by North ) Tj ET Q q 0 0 0 rg BT 250.10 209.90 Td (Atlantic during the period.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 187.10 Td (While there was no actual sale of these entities, and therefore no gain or loss included in the historical Combined Consolidated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 175.70 Td (Carve-out Financial Statements, the Company has assessed and presented these entities as discontinued operations as they were not ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 164.30 Td (contributed by Seadrill in connection with the North ) Tj ET Q q 0 0 0 rg BT 236.52 164.30 Td (Atlantic Restructuring. ) Tj ET Q q 0 0 0 rg BT 325.79 164.30 Td (The net assets of entities not contributed to North ) Tj ET Q q 0 0 0 rg BT 515.50 164.30 Td (Atlantic were ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 152.90 Td (US$415.0 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 104.09 152.90 Td ( as of March 31, 201) Tj ET Q q 0 0 0 rg BT 182.36 152.90 Td (1.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 189.49 152.90 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 191.86 152.90 Td (The following table presents the results of discontinued operations:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-18) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 713.50 339.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 713.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 713.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 713.50 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 713.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 713.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 687.50 339.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 687.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 687.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 687.50 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 687.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 687.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 661.50 339.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 661.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 661.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 661.50 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 661.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 661.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 635.50 339.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 635.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 635.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 635.50 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 635.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 635.50 63.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 740.5 m 446.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 740.5 m 450.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 740.5 m 509.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 740.5 m 513.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 740.5 m 576.5 740.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 727.5 m 375.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 727.5 m 446.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 727.5 m 450.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 727.5 m 509.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 727.5 m 513.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 727.5 m 576.5 727.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.10 744.73 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.25 731.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.50 731.73 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.50 731.75 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.60 731.75 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 704.07 Td (Total operating revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 704.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 704.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 704.07 Td (358.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 691.07 Td (Total operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 691.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 691.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 691.07 Td (\(329.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 691.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 678.07 Td (Net operating income / \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 678.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 678.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 678.07 Td (28.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 665.07 Td (Total financial items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 665.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 665.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.80 665.07 Td (\(18.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 665.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 652.07 Td (Income from discontinued operations before tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 652.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 652.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 652.07 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 639.07 Td (Income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 639.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 639.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.80 639.07 Td (\(6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 639.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 626.07 Td (Income from discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 626.23 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 626.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 626.07 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 601.60 Td (Note 4 Segment information) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 578.80 Td (Operating segments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 556.00 Td (W) Tj ET Q q 0 0 0 rg BT 80.21 556.00 Td (e provide harsh environment of) Tj ET Q q 0 0 0 rg BT 199.28 556.00 Td (fshore drilling services to the oil and gas industry) Tj ET Q q 0 0 0 rg BT 386.52 556.00 Td (. ) Tj ET Q q 0 0 0 rg BT 391.10 556.00 Td (The Company) Tj ET Q q 0 0 0 rg BT 447.83 556.00 Td (s performance is reviewed by the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 544.60 Td (chief operating decision maker as one single business segment, mobile units. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 521.80 Td (Geographic segment data) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 499.00 Td (Revenues are attributed to geographical segments based on the country of operations for drilling activities; that is, the country where ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 487.60 Td (the revenues are generated. ) Tj ET Q q 0 0 0 rg BT 143.96 487.60 Td (The following presents the Company) Tj ET Q q 0 0 0 rg BT 287.50 487.60 Td (s revenue by geographic area:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 425.70 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 425.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 425.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 425.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 425.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 425.70 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 399.70 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 399.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 399.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 399.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 399.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 399.70 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 382.70 354.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 382.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 382.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 382.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 382.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 382.70 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 439.7 m 448.5 439.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 439.7 m 452.5 439.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 439.7 m 511.5 439.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 439.7 m 515.5 439.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 439.7 m 575.5 439.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 425.7 m 389.5 425.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 425.7 m 448.5 425.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 425.7 m 511.5 425.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 425.7 m 575.5 425.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 386.7 m 448.5 386.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 386.7 m 511.5 386.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 386.7 m 575.5 386.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 370.7 m 448.5 370.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 368.7 m 448.5 368.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 370.7 m 511.5 370.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 368.7 m 511.5 368.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 370.7 m 575.5 370.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 368.7 m 575.5 368.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 443.93 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.75 429.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.21 429.93 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.00 429.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.00 429.93 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.70 429.93 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 416.61 Td (Norway) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.25 416.61 Td (1,121.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 486.40 416.61 Td (815.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.40 416.61 Td (867.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 403.61 Td (United Kingdom) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 423.40 403.61 Td (176.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 486.40 403.61 Td (229.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.15 403.61 Td (70.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 390.61 Td (Ireland) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 428.15 390.61 Td (26.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 498.30 390.61 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.30 390.61 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 373.77 Td (T) Tj ET Q q 0 0 0 rg BT 43.46 373.77 Td (otal) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.77 373.77 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 416.25 373.77 Td (1,324.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 479.25 373.77 Td (1,044.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.40 373.77 Td (938.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 338.40 Td (As ) Tj ET Q q 0 0 0 rg BT 85.42 338.40 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 96.19 338.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.33 338.40 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 171.33 338.40 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 176.56 338.40 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 190.27 338.40 Td ( ) Tj ET Q q 0 0 0 rg BT 193.13 338.40 Td (of ) Tj ET Q q 0 0 0 rg BT 203.90 338.40 Td (the ) Tj ET Q q 0 0 0 rg BT 218.37 338.40 Td (Company) Tj ET Q q 0 0 0 rg BT 257.95 338.40 Td (s ) Tj ET Q q 0 0 0 rg BT 264.50 338.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 295.33 338.40 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 314.82 338.40 Td (with ) Tj ET Q q 0 0 0 rg BT 334.56 338.40 Td (a ) Tj ET Q q 0 0 0 rg BT 341.64 338.40 Td (net ) Tj ET Q q 0 0 0 rg BT 356.10 338.40 Td (book ) Tj ET Q q 0 0 0 rg BT 377.96 338.40 Td (value ) Tj ET Q q 0 0 0 rg BT 401.39 338.40 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.16 338.40 Td ($698.0 ) Tj ET Q q 0 0 0 rg BT 441.14 338.40 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.59 338.40 Td (, ) Tj ET Q q 0 0 0 rg BT 473.82 338.40 Td (were ) Tj ET Q q 0 0 0 rg BT 495.14 338.40 Td (located ) Tj ET Q q 0 0 0 rg BT 525.43 338.40 Td (in ) Tj ET Q q 0 0 0 rg BT 535.67 338.40 Td (the ) Tj ET Q q 0 0 0 rg BT 550.14 338.40 Td (United ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 327.00 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 74.20 327.00 Td (and ) Tj ET Q q 0 0 0 rg BT 90.23 327.00 Td (all ) Tj ET Q q 0 0 0 rg BT 102.04 327.00 Td (other ) Tj ET Q q 0 0 0 rg BT 123.88 327.00 Td (rigs ) Tj ET Q q 0 0 0 rg BT 140.44 327.00 Td (were ) Tj ET Q q 0 0 0 rg BT 161.21 327.00 Td (located ) Tj ET Q q 0 0 0 rg BT 190.96 327.00 Td (in ) Tj ET Q q 0 0 0 rg BT 200.66 327.00 Td (Norway) Tj ET Q q 0 0 0 rg BT 230.64 327.00 Td (. ) Tj ET Q q 0 0 0 rg BT 234.82 327.00 Td (At ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 246.64 327.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 302.23 327.00 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 321.23 327.00 Td (, ) Tj ET Q q 0 0 0 rg BT 325.92 327.00 Td (two ) Tj ET Q q 0 0 0 rg BT 342.48 327.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 372.77 327.00 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 391.71 327.00 Td (with ) Tj ET Q q 0 0 0 rg BT 410.91 327.00 Td (a ) Tj ET Q q 0 0 0 rg BT 417.44 327.00 Td (net ) Tj ET Q q 0 0 0 rg BT 431.36 327.00 Td (book ) Tj ET Q q 0 0 0 rg BT 452.68 327.00 Td (value ) Tj ET Q q 0 0 0 rg BT 475.56 327.00 Td (of ) Tj ET Q q 0 0 0 rg BT 485.79 327.00 Td ($1,1) Tj ET Q q 0 0 0 rg BT 502.06 327.00 Td (1) Tj ET Q q 0 0 0 rg BT 506.46 327.00 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 520.65 327.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 552.78 327.00 Td (where ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 315.60 Td (located ) Tj ET Q q 0 0 0 rg BT 65.58 315.60 Td (in ) Tj ET Q q 0 0 0 rg BT 75.12 315.60 Td (United ) Tj ET Q q 0 0 0 rg BT 103.13 315.60 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 141.18 315.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.04 315.60 Td (all ) Tj ET Q q 0 0 0 rg BT 168.69 315.60 Td (other ) Tj ET Q q 0 0 0 rg BT 190.37 315.60 Td ( ) Tj ET Q q 0 0 0 rg BT 192.52 315.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 208.92 315.60 Td (were ) Tj ET Q q 0 0 0 rg BT 229.53 315.60 Td (located ) Tj ET Q q 0 0 0 rg BT 259.11 315.60 Td (in ) Tj ET Q q 0 0 0 rg BT 268.66 315.60 Td (Norway) Tj ET Q q 0 0 0 rg BT 298.64 315.60 Td (. ) Tj ET Q q 0 0 0 rg BT 302.69 315.60 Td (Asset ) Tj ET Q q 0 0 0 rg BT 325.96 315.60 Td (location ) Tj ET Q q 0 0 0 rg BT 358.71 315.60 Td (at ) Tj ET Q q 0 0 0 rg BT 367.72 315.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.48 315.60 Td (end ) Tj ET Q q 0 0 0 rg BT 397.35 315.60 Td (of ) Tj ET Q q 0 0 0 rg BT 407.42 315.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.17 315.60 Td (period ) Tj ET Q q 0 0 0 rg BT 447.60 315.60 Td (is ) Tj ET Q q 0 0 0 rg BT 456.09 315.60 Td (not ) Tj ET Q q 0 0 0 rg BT 470.38 315.60 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 514.73 315.60 Td (indicative ) Tj ET Q q 0 0 0 rg BT 554.35 315.60 Td (of ) Tj ET Q q 0 0 0 rg BT 564.41 315.60 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 304.20 Td (geographic ) Tj ET Q q 0 0 0 rg BT 80.58 304.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 126.76 304.20 Td (of ) Tj ET Q q 0 0 0 rg BT 137.05 304.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.03 304.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 187.17 304.20 Td (or ) Tj ET Q q 0 0 0 rg BT 197.46 304.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 235.71 304.20 Td (profits ) Tj ET Q q 0 0 0 rg BT 262.89 304.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 302.18 304.20 Td (by ) Tj ET Q q 0 0 0 rg BT 314.06 304.20 Td (such ) Tj ET Q q 0 0 0 rg BT 333.85 304.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 358.39 304.20 Td (during ) Tj ET Q q 0 0 0 rg BT 385.57 304.20 Td (the ) Tj ET Q q 0 0 0 rg BT 399.55 304.20 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-19) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 749.60 Td (Note 5 Subsidiaries ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 726.80 Td (The following table lists the principal subsidiaries that are included in the Company) Tj ET Q q 0 0 0 rg BT 393.35 726.80 Td (s Consolidated and Combined Consolidated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 715.40 Td (Carve-out Financial Statements during the periods presented and their purpose. Unless otherwise indicated, the Company owned 100% of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 704.00 Td (each subsidiary) Tj ET Q q 0 0 0 rg BT 94.21 704.00 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 670.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 670.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 670.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 670.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 670.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 644.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 644.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 644.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 644.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 644.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 618.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 618.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 618.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 618.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 618.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 592.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 592.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 592.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 592.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 592.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 566.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 566.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 566.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 566.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 566.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 540.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 540.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 540.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 540.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 540.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 514.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 514.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 514.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 514.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 514.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 488.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 488.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 488.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 488.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 488.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 462.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 462.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 462.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 462.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 462.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 436.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 436.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 436.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 436.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 436.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 410.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 410.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 410.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 410.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 410.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 384.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 384.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 384.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 384.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 384.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 358.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 358.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 358.50 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 358.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 358.50 206.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 670.5 m 242.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 670.5 m 330.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 670.5 m 540.5 670.5 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 675.07 Td (Name ) Tj ET Q q 0 0 0 rg BT 65.12 675.07 Td (of ) Tj ET Q q 0 0 0 rg BT 75.40 675.07 Td (the ) Tj ET Q q 0 0 0 rg BT 90.44 675.07 Td (company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 127.39 675.07 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 260.00 684.57 Td (Jurisdiction ) Tj ET Q q 0 0 0 rg BT 310.94 684.57 Td (of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 260.00 675.07 Td (incorporation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 315.94 675.07 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 348.00 675.07 Td (Principal ) Tj ET Q q 0 0 0 rg BT 387.85 675.07 Td (activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 661.41 Td (North Atlantic Alpha Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 661.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 661.41 Td (SPV, rig owning company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 648.41 Td (North Atlantic Elara Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 648.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 648.41 Td (SPV, rig owning company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 635.41 Td (North Atlantic Epsilon Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 635.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 635.41 Td (SPV, rig owning company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 622.41 Td (North Atlantic Navigator Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 622.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 622.41 Td (SPV, rig owning company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 609.41 Td (North Atlantic Phoenix Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 609.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 609.41 Td (SPV, rig owning company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 596.41 Td (North Atlantic Venture Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 596.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 596.41 Td (SPV, rig owning company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 583.07 Td (North Atlantic Linus Ltd) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 583.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 583.41 Td (SPV, rig owning company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 570.07 Td (North Atlantic Rigel Ltd) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 570.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 570.41 Td (SPV, rig owning company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 557.41 Td (North Atlantic Norway Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 557.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 557.41 Td (Drilling services contractor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 544.41 Td (North Atlantic Crewing Ltd) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 544.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 544.41 Td (Vessel Management company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 518.41 Td (North ) Tj ET Q q 0 0 0 rg BT 63.02 518.41 Td (Atlantic Linus Charterer Ltd) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 171.44 522.72 Td (\(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 518.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 518.41 Td (Drilling services contractor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 505.41 Td (North Atlantic Drilling UK Ltd.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 505.41 Td (UK) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 505.41 Td (Drilling services contractor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 492.41 Td (North Atlantic Support Services Ltd) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 492.41 Td (UK) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 492.41 Td (Management company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 479.41 Td (North Atlantic Management AS) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 479.41 Td (Norway) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 479.41 Td (Management company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 466.41 Td (North Atlantic Crew AS) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 466.41 Td (Norway) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 466.41 Td (Vessel Management company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 453.41 Td (North ) Tj ET Q q 0 0 0 rg BT 63.02 453.41 Td (Atlantic Management International ) Tj ET Q q 0 0 0 rg BT 198.35 453.41 Td (AS) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 210.49 457.72 Td (\(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 453.41 Td (Norway) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 453.41 Td (Management company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 440.41 Td (Seadrill Of) Tj ET Q q 0 0 0 rg BT 80.78 440.41 Td (fshore ) Tj ET Q q 0 0 0 rg BT 106.37 440.41 Td (AS) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 118.51 444.72 Td (\(2\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 440.41 Td (Norway) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 440.41 Td (Drilling services contractor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 427.41 Td (Eastern Drilling ) Tj ET Q q 0 0 0 rg BT 101.80 427.41 Td (AS) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 113.94 431.72 Td (\(2\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 427.41 Td (Norway) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 427.41 Td (Management company) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 414.41 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 70.40 414.41 Td (Americas Inc.) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 123.68 418.72 Td (\(2\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 414.41 Td (USA) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 414.41 Td (Drilling Services Contractor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 401.41 Td (Seadrill Servicos de Petrolea \(SA\)) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 169.33 405.72 Td (\(2\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 401.41 Td (Brazil) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 401.41 Td (Services contractor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 388.41 Td (North Atlantic Management LLC\(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 388.41 Td (Russia) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 388.41 Td (Drilling Services Contractor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 375.41 Td (Seadrill Norge Holding AS\(3\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 375.41 Td (Spitzbergen) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 375.41 Td (Dormant) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 362.41 Td (Seadrill Norge AS\(3\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 362.41 Td (Spitzbergen) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 362.41 Td (Dormant) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 349.41 Td (SFL West Linus Ltd\(4\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 257.00 349.41 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.00 349.41 Td (Owner of West Linus) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 322.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 322.60 Td (Formed ) Tj ET Q q 0 0 0 rg BT 103.93 322.60 Td (in ) Tj ET Q q 0 0 0 rg BT 113.69 322.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 298.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 66.00 298.60 Td (Several entities which are owned by Seadrill Nor) Tj ET Q q 0 0 0 rg BT 262.15 298.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 273.53 298.60 Td (AS, a holding company that was contributed to North ) Tj ET Q q 0 0 0 rg BT 489.61 298.60 Td (Atlantic, include) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 286.60 Td ( ) Tj ET Q q 0 0 0 rg BT 66.00 286.60 Td (Seadrill Of) Tj ET Q q 0 0 0 rg BT 109.97 286.60 Td (fshore ) Tj ET Q q 0 0 0 rg BT 136.91 286.60 Td (AS, which is the counterparty to certain charters on drilling rigs owned and operated by Seadrill, Eastern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 35.00 274.60 Td ( ) Tj ET Q q 0 0 0 rg BT 66.00 274.60 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 99.61 274.60 Td (AS, an of) Tj ET Q q 0 0 0 rg BT 137.48 274.60 Td (fshore crewing business, Seadrill ) Tj ET Q q 0 0 0 rg BT 271.62 274.60 Td (Americas Inc., a technical and administrative centre which manages certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 262.60 Td (technical operations on behalf of Seadrill, including specific service contracts in Brazil and Seadrill Servicos Petroleo, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 250.60 Td (counterparty to provide service contracts with external clients in Brazil. ) Tj ET Q q 0 0 0 rg BT 354.88 250.60 Td (While these entities are presented in the Combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 238.60 Td (Consolidated Carve-out Financial Statements as if they were owned during the periods presented, these entities were not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 226.60 Td (contributed to North ) Tj ET Q q 0 0 0 rg BT 149.60 226.60 Td (Atlantic in connection with the North ) Tj ET Q q 0 0 0 rg BT 301.23 226.60 Td (Atlantic Restructuring. ) Tj ET Q q 0 0 0 rg BT 394.83 226.60 Td (As a result of this structure, there are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 214.60 Td (businesses included within the Combined Consolidated Carve-out) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 329.85 214.60 Td ( Financial Statements that have been displayed as discontinued ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 66.00 203.20 Td (operations within the Consolidated Combined statement of operations as they are not being contributed by Seadrill and no ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 66.00 191.80 Td (consideration has been paid for them by North ) Tj ET Q q 0 0 0 rg BT 244.35 191.80 Td (Atlantic.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 169.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 108.00 169.00 Td (Sold ) Tj ET Q q 0 0 0 rg BT 127.80 169.00 Td (in ) Tj ET Q q 0 0 0 rg BT 137.56 169.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 161.31 169.00 Td (North ) Tj ET Q q 0 0 0 rg BT 185.33 169.00 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 218.31 169.00 Td (Linus ) Tj ET Q q 0 0 0 rg BT 242.32 169.00 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 257.89 169.00 Td (was ) Tj ET Q q 0 0 0 rg BT 275.04 169.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 293.25 169.00 Td (in ) Tj ET Q q 0 0 0 rg BT 303.02 169.00 Td (a ) Tj ET Q q 0 0 0 rg BT 309.61 169.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 326.75 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 342.84 169.00 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 382.14 169.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 424.08 169.00 Td (with ) Tj ET Q q 0 0 0 rg BT 443.34 169.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 463.14 169.00 Td (Finance.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 134.20 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 108.00 134.20 Td (Fully ) Tj ET Q q 0 0 0 rg BT 130.44 134.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 180.66 134.20 Td (V) Tj ET Q q 0 0 0 rg BT 186.47 134.20 Td (ariable ) Tj ET Q q 0 0 0 rg BT 214.68 134.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 245.02 134.20 Td (entities.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-20) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 749.60 Td (Note 6 ) Tj ET Q q 0 0 0 rg BT 71.44 749.60 Td (T) Tj ET Q q 0 0 0 rg BT 76.91 749.60 Td (axation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 726.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 102.86 726.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 124.76 726.80 Td (consist ) Tj ET Q q 0 0 0 rg BT 153.52 726.80 Td (of ) Tj ET Q q 0 0 0 rg BT 163.81 726.80 Td (the ) Tj ET Q q 0 0 0 rg BT 177.79 726.80 Td (following: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 663.30 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 663.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 663.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 663.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 663.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 663.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 637.30 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 637.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 637.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 637.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 637.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 637.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 611.30 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 611.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 611.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 611.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 611.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 611.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 585.30 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 585.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 585.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 585.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 585.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 585.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 551.30 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 551.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 551.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 551.30 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 551.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 551.30 59.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 676.3 m 390.5 676.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 690.3 m 449.5 690.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 676.3 m 449.5 676.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 690.3 m 453.5 690.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 690.3 m 512.5 690.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 676.3 m 512.5 676.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 690.3 m 516.5 690.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 690.3 m 575.5 690.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 676.3 m 575.5 676.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 568.3 m 449.5 568.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 555.3 m 449.5 555.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 568.3 m 512.5 568.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 555.3 m 512.5 555.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 568.3 m 575.5 568.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 555.3 m 575.5 555.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 551.3 m 449.5 551.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 538.3 m 449.5 538.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 551.3 m 512.5 551.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 538.3 m 512.5 538.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 551.3 m 575.5 551.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 538.3 m 575.5 538.3 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 694.53 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.25 680.53 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 680.53 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 680.53 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.20 680.53 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 667.21 Td (Current tax expense:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 654.21 Td (Bermuda) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 429.50 654.21 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 492.50 654.21 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.50 654.21 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 641.21 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 640.87 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 640.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 640.87 Td (92.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 640.87 Td (127.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 628.21 Td (Deferred tax expense:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 615.21 Td (Bermuda) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 614.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 614.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 614.87 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 602.21 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 601.87 Td (20.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 601.87 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 601.87 Td (\(7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.00 601.87 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 589.21 Td (Tax effect related to internal sales of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 588.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 588.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 588.87 Td (\(92.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.00 588.87 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 62.00 576.21 Td (Amortization of tax effect on internal sale of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.50 575.87 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 575.87 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.50 575.87 Td (12.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 559.37 Td (Total provision) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.50 559.03 Td (28.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.50 559.03 Td (109.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.50 559.03 Td (39.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 542.37 Td (Effective tax rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.50 542.03 Td (10.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 542.03 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.50 542.03 Td (37.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.00 542.03 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.50 542.03 Td (13.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 565.00 542.03 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 515.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 515.40 Td (The Company may be taxable in more than one jurisdiction based on its drilling rig operations. ) Tj ET Q q 0 0 0 rg BT 453.87 515.40 Td (A) Tj ET Q q 0 0 0 rg BT 460.54 515.40 Td ( loss in one jurisdiction may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 503.40 Td (not be of) Tj ET Q q 0 0 0 rg BT 71.37 503.40 Td (fset against taxable income in another jurisdiction. ) Tj ET Q q 0 0 0 rg BT 275.57 503.40 Td (Thus, the Company may pay tax within some jurisdictions even though it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 491.40 Td (might have an overall loss at the consolidated level.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 480.00 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 468.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 468.60 Td (The ) Tj ET Q q 0 0 0 rg BT 89.81 468.60 Td (income ) Tj ET Q q 0 0 0 rg BT 120.82 468.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 143.38 468.60 Td (for ) Tj ET Q q 0 0 0 rg BT 157.50 468.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.15 468.60 Td (years ) Tj ET Q q 0 0 0 rg BT 195.24 468.60 Td (ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 220.97 468.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 277.29 468.60 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 296.29 468.60 Td ( ) Tj ET Q q 0 0 0 rg BT 299.33 468.60 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 316.09 468.60 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 335.09 468.60 Td ( ) Tj ET Q q 0 0 0 rg BT 338.14 468.60 Td (dif) Tj ET Q q 0 0 0 rg BT 348.52 468.60 Td (fered ) Tj ET Q q 0 0 0 rg BT 371.07 468.60 Td (from ) Tj ET Q q 0 0 0 rg BT 392.58 468.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.23 468.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 438.77 468.60 Td (computed ) Tj ET Q q 0 0 0 rg BT 479.28 468.60 Td (by ) Tj ET Q q 0 0 0 rg BT 491.82 468.60 Td (applying ) Tj ET Q q 0 0 0 rg BT 528.11 468.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.76 468.60 Td (statutory ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 457.20 Td (income ) Tj ET Q q 0 0 0 rg BT 66.34 457.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 80.32 457.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 96.93 457.20 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 107.22 457.20 Td (0%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 119.88 457.20 Td ( ) Tj ET Q q 0 0 0 rg BT 122.26 457.20 Td (due ) Tj ET Q q 0 0 0 rg BT 138.35 457.20 Td (to ) Tj ET Q q 0 0 0 rg BT 148.11 457.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.06 457.20 Td (in ) Tj ET Q q 0 0 0 rg BT 199.83 457.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 229.64 457.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 278.98 457.20 Td (with ) Tj ET Q q 0 0 0 rg BT 298.25 457.20 Td (dif) Tj ET Q q 0 0 0 rg BT 308.63 457.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 333.16 457.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 374.57 457.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 388.55 457.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 408.86 457.20 Td (as ) Tj ET Q q 0 0 0 rg BT 419.15 457.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 458.98 457.20 Td (to ) Tj ET Q q 0 0 0 rg BT 468.74 457.20 Td (Bermuda. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 406.70 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 406.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 406.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 406.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 406.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 406.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 380.70 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 380.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 380.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 380.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 380.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 380.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 354.70 355.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 354.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 354.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 354.70 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 354.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 354.70 59.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 420.7 m 449.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 420.7 m 453.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 420.7 m 512.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 420.7 m 516.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 420.7 m 575.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 406.7 m 390.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 406.7 m 449.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 406.7 m 512.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 420.7 m 575.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 406.7 m 575.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 337.7 m 449.5 337.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 325.7 m 449.5 325.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 323.7 m 449.5 323.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 337.7 m 512.5 337.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 325.7 m 512.5 325.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 323.7 m 512.5 323.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 337.7 m 575.5 337.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 325.7 m 575.5 325.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 323.7 m 575.5 323.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 424.93 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.25 410.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 410.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.00 410.93 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.20 410.93 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 397.61 Td (Income taxes at statutory rate) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 436.30 397.61 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 499.30 397.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 397.27 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 384.61 Td (Effect of internal sale of assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 436.30 384.61 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 499.30 384.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 384.27 Td (\(92.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 384.27 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 371.61 Td (Effect of amortization of tax on internal sale of assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.90 371.61 Td (9.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 496.90 371.61 Td (9.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.00 371.61 Td (12.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 358.61 Td (Effect of change in uncertain tax positions relating to prior year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 436.30 358.61 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 492.15 358.61 Td (79.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.00 358.61 Td (24.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 345.61 Td (Effect of taxable income in various countries) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 429.15 345.61 Td (19.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 492.15 345.61 Td (21.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.00 345.61 Td (95.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 328.77 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 429.15 328.77 Td (28.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.40 328.77 Td (109.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 555.00 328.77 Td (39.5) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 302.40 Td (Deferr) Tj ET Q q 0 0 0 rg BT 62.72 302.40 Td (ed Income ) Tj ET Q q 0 0 0 rg BT 106.88 302.40 Td (T) Tj ET Q q 0 0 0 rg BT 112.34 302.40 Td (axes ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 279.00 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 107.71 279.00 Td (income ) Tj ET Q q 0 0 0 rg BT 137.63 279.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 159.10 279.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 185.31 279.00 Td (the ) Tj ET Q q 0 0 0 rg BT 198.87 279.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 226.68 279.00 Td (of ) Tj ET Q q 0 0 0 rg BT 236.55 279.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 277.55 279.00 Td (dif) Tj ET Q q 0 0 0 rg BT 287.93 279.00 Td (ferences ) Tj ET Q q 0 0 0 rg BT 321.52 279.00 Td (between ) Tj ET Q q 0 0 0 rg BT 355.13 279.00 Td (the ) Tj ET Q q 0 0 0 rg BT 368.69 279.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 399.14 279.00 Td (of ) Tj ET Q q 0 0 0 rg BT 409.01 279.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.13 279.00 Td (and ) Tj ET Q q 0 0 0 rg BT 448.80 279.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 486.12 279.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.74 279.00 Td (for ) Tj ET Q q 0 0 0 rg BT 542.77 279.00 Td (financial ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 267.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 73.20 267.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 109.35 267.60 Td (and ) Tj ET Q q 0 0 0 rg BT 125.44 267.60 Td (such ) Tj ET Q q 0 0 0 rg BT 145.23 267.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 179.80 267.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 223.84 267.60 Td (for ) Tj ET Q q 0 0 0 rg BT 237.29 267.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 251.28 267.60 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 289.63 267.60 Td (The ) Tj ET Q q 0 0 0 rg BT 306.77 267.60 Td (net ) Tj ET Q q 0 0 0 rg BT 320.76 267.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 354.77 267.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 368.75 267.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 393.29 267.60 Td (\(liabilities\) ) Tj ET Q q 0 0 0 rg BT 437.35 267.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 466.12 267.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.41 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.39 267.60 Td (following: ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 244.20 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 71.96 244.20 Td (T) Tj ET Q q 0 0 0 rg BT 77.10 244.20 Td (ax ) Tj ET Q q 0 0 0 rg BT 87.91 244.20 Td (Assets: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 196.70 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 196.70 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 196.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 196.70 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 170.70 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 170.70 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 170.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 170.70 79.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 196.70000000000005 m 413.5 196.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 196.70000000000005 m 492.5 196.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 196.70000000000005 m 496.5 196.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 196.70000000000005 m 575.5 196.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 157.70000000000005 m 492.5 157.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 145.70000000000005 m 492.5 145.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 143.70000000000005 m 492.5 143.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 157.70000000000005 m 575.5 157.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 145.70000000000005 m 575.5 145.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 143.70000000000005 m 575.5 143.70000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 200.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 208.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.00 200.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.75 208.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.00 200.93 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 187.61 Td (Pension) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 187.61 Td (15.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.15 187.61 Td (12.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 174.61 Td (Contracts and long term maintenance) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.90 174.61 Td (1.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.15 174.61 Td (22.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 161.61 Td (Loss carry forward) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.90 161.61 Td (2.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.30 161.61 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 148.77 Td (Gross deferred tax asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.15 148.77 Td (19.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 555.15 148.77 Td (35.3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-21) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 738.05 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 107.96 738.05 Td (T) Tj ET Q q 0 0 0 rg BT 113.10 738.05 Td (ax ) Tj ET Q q 0 0 0 rg BT 124.44 738.05 Td (Liability: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 691.15 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 691.15 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 691.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 691.15 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 665.15 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 665.15 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 665.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 665.15 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 639.15 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 639.15 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 639.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 639.15 79.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 691.15 m 413.5 691.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 691.15 m 492.5 691.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 691.15 m 575.5 691.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 639.15 m 492.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 639.15 m 575.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 627.15 m 492.5 627.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 625.15 m 492.5 625.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.15 m 575.5 627.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 625.15 m 575.5 625.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 695.38 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 703.38 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.00 695.38 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.75 703.38 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.00 695.38 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 682.06 Td (Long term maintenance) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.00 682.06 Td (32.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.15 682.06 Td (34.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 669.06 Td (Tax depreciation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.75 669.06 Td (0.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.30 669.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 656.06 Td (Pensions) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.75 656.06 Td (2.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.30 656.06 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 643.22 Td (Gross deferred tax liability) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.00 643.22 Td (35.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 555.15 643.22 Td (34.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 630.22 Td (Net deferred tax \(liability\)/asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.80 629.93 Td (\(16.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 629.88 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 559.90 630.22 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 603.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 88.09 603.85 Td (deferred ) Tj ET Q q 0 0 0 rg BT 122.11 603.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 144.00 603.85 Td (are ) Tj ET Q q 0 0 0 rg BT 157.98 603.85 Td (classified ) Tj ET Q q 0 0 0 rg BT 196.23 603.85 Td (as ) Tj ET Q q 0 0 0 rg BT 206.52 603.85 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 557.35 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 557.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 557.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 557.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 531.35 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 531.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 531.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 531.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 505.35 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 505.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 505.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 505.35 79.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 557.35 m 413.5 557.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 557.35 m 492.5 557.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 557.35 m 575.5 557.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 505.35 m 492.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 505.35 m 575.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 493.35 m 492.5 493.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 491.35 m 492.5 491.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 493.35 m 575.5 493.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 491.35 m 575.5 491.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 561.58 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 569.58 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.00 561.58 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.75 569.58 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.00 561.58 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 548.26 Td (Short-term deferred tax asset) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.75 548.26 Td (2.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.75 548.26 Td (9.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 535.26 Td (Long-term deferred tax asset) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.00 535.26 Td (16.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.00 535.26 Td (25.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 522.26 Td (Short-term deferred tax liability) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.15 522.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 521.92 Td (\(12.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 521.92 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 509.26 Td (Long-term deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 508.97 Td (\(35.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 508.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 508.92 Td (\(22.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 508.92 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 496.42 Td (Net deferred tax \(liability\)/asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.80 496.13 Td (\(16.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 496.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 559.75 496.42 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 470.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 470.05 Td (As ) Tj ET Q q 0 0 0 rg BT 85.36 470.05 Td (of ) Tj ET Q q 0 0 0 rg BT 96.08 470.05 Td (December ) Tj ET Q q 0 0 0 rg BT 137.91 470.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 152.59 470.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 176.77 470.05 Td (deferred ) Tj ET Q q 0 0 0 rg BT 211.21 470.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.62 470.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 250.59 470.05 Td (related ) Tj ET Q q 0 0 0 rg BT 279.23 470.05 Td (to ) Tj ET Q q 0 0 0 rg BT 289.43 470.05 Td (net ) Tj ET Q q 0 0 0 rg BT 303.83 470.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 342.51 470.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 360.10 470.05 Td ( ) Tj ET Q q 0 0 0 rg BT 362.90 470.05 Td (\("NOL"\) ) Tj ET Q q 0 0 0 rg BT 399.31 470.05 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 455.39 470.05 Td (was ) Tj ET Q q 0 0 0 rg BT 472.97 470.05 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 492.40 470.05 Td (million, ) Tj ET Q q 0 0 0 rg BT 525.02 470.05 Td (which ) Tj ET Q q 0 0 0 rg BT 551.04 470.05 Td (can ) Tj ET Q q 0 0 0 rg BT 567.03 470.05 Td (be ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 458.65 Td (used ) Tj ET Q q 0 0 0 rg BT 55.79 458.65 Td (to ) Tj ET Q q 0 0 0 rg BT 65.55 458.65 Td (of) Tj ET Q q 0 0 0 rg BT 73.30 458.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 89.39 458.65 Td (future ) Tj ET Q q 0 0 0 rg BT 114.45 458.65 Td (taxable ) Tj ET Q q 0 0 0 rg BT 144.25 458.65 Td (income. ) Tj ET Q q 0 0 0 rg BT 176.96 458.65 Td (NOL) Tj ET Q q 0 0 0 rg BT 196.14 458.65 Td ( ) Tj ET Q q 0 0 0 rg BT 198.51 458.65 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 254.16 458.65 Td (were ) Tj ET Q q 0 0 0 rg BT 275.00 458.65 Td (generated ) Tj ET Q q 0 0 0 rg BT 314.29 458.65 Td (in ) Tj ET Q q 0 0 0 rg BT 324.06 458.65 Td (the ) Tj ET Q q 0 0 0 rg BT 338.04 458.65 Td (United ) Tj ET Q q 0 0 0 rg BT 366.27 458.65 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 404.53 458.65 Td (and ) Tj ET Q q 0 0 0 rg BT 420.63 458.65 Td (will ) Tj ET Q q 0 0 0 rg BT 437.78 458.65 Td (not ) Tj ET Q q 0 0 0 rg BT 452.30 458.65 Td (expire. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 435.25 Td (Uncertain ) Tj ET Q q 0 0 0 rg BT 79.01 435.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.05 435.25 Td (positions) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 411.85 Td (In ) Tj ET Q q 0 0 0 rg BT 82.18 411.85 Td (October ) Tj ET Q q 0 0 0 rg BT 115.04 411.85 Td (201) Tj ET Q q 0 0 0 rg BT 128.94 411.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 138.33 411.85 Td (the ) Tj ET Q q 0 0 0 rg BT 152.20 411.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 166.08 411.85 Td (authorities ) Tj ET Q q 0 0 0 rg BT 208.45 411.85 Td (in ) Tj ET Q q 0 0 0 rg BT 218.10 411.85 Td (Norway ) Tj ET Q q 0 0 0 rg BT 250.97 411.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 276.99 411.85 Td (a ) Tj ET Q q 0 0 0 rg BT 283.47 411.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 297.34 411.85 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 349.21 411.85 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 389.99 411.85 Td (to ) Tj ET Q q 0 0 0 rg BT 399.65 411.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 413.52 411.85 Td (filings ) Tj ET Q q 0 0 0 rg BT 440.06 411.85 Td (made ) Tj ET Q q 0 0 0 rg BT 462.90 411.85 Td (bycertain ) Tj ET Q q 0 0 0 rg BT 502.89 411.85 Td (of ) Tj ET Q q 0 0 0 rg BT 513.07 411.85 Td (our ) Tj ET Q q 0 0 0 rg BT 528.00 411.85 Td (consolidated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 400.45 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 83.23 400.45 Td (for ) Tj ET Q q 0 0 0 rg BT 96.69 400.45 Td (the ) Tj ET Q q 0 0 0 rg BT 110.67 400.45 Td (years ) Tj ET Q q 0 0 0 rg BT 133.09 400.45 Td (2007 ) Tj ET Q q 0 0 0 rg BT 154.46 400.45 Td (through ) Tj ET Q q 0 0 0 rg BT 186.39 400.45 Td (2009. ) Tj ET Q q 0 0 0 rg BT 209.97 400.45 Td (The ) Tj ET Q q 0 0 0 rg BT 227.11 400.45 Td (following ) Tj ET Q q 0 0 0 rg BT 266.43 400.45 Td (issues ) Tj ET Q q 0 0 0 rg BT 291.50 400.45 Td (were ) Tj ET Q q 0 0 0 rg BT 312.34 400.45 Td (addressed ) Tj ET Q q 0 0 0 rg BT 352.17 400.45 Td (in ) Tj ET Q q 0 0 0 rg BT 361.94 400.45 Td (the ) Tj ET Q q 0 0 0 rg BT 375.92 400.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.90 400.45 Td (reassessment: ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 377.05 Td (a\) ) Tj ET Q q 0 0 0 rg BT 73.33 377.05 Td (The ) Tj ET Q q 0 0 0 rg BT 90.74 377.05 Td (Company) Tj ET Q q 0 0 0 rg BT 130.32 377.05 Td (s ) Tj ET Q q 0 0 0 rg BT 136.66 377.05 Td (2007 ) Tj ET Q q 0 0 0 rg BT 158.30 377.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 172.54 377.05 Td (positions ) Tj ET Q q 0 0 0 rg BT 209.50 377.05 Td (relating ) Tj ET Q q 0 0 0 rg BT 241.15 377.05 Td (to ) Tj ET Q q 0 0 0 rg BT 251.18 377.05 Td (a ) Tj ET Q q 0 0 0 rg BT 258.04 377.05 Td (possible ) Tj ET Q q 0 0 0 rg BT 291.82 377.05 Td (taxable ) Tj ET Q q 0 0 0 rg BT 321.89 377.05 Td (gain ) Tj ET Q q 0 0 0 rg BT 340.88 377.05 Td (arising ) Tj ET Q q 0 0 0 rg BT 369.38 377.05 Td (from ) Tj ET Q q 0 0 0 rg BT 390.49 377.05 Td (the ) Tj ET Q q 0 0 0 rg BT 404.73 377.05 Td (transfer ) Tj ET Q q 0 0 0 rg BT 436.38 377.05 Td (of ) Tj ET Q q 0 0 0 rg BT 446.94 377.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 475.42 377.05 Td (legal ) Tj ET Q q 0 0 0 rg BT 496.52 377.05 Td (entities ) Tj ET Q q 0 0 0 rg BT 526.60 377.05 Td (to ) Tj ET Q q 0 0 0 rg BT 536.63 377.05 Td (a ) Tj ET Q q 0 0 0 rg BT 543.49 377.05 Td (dif) Tj ET Q q 0 0 0 rg BT 553.87 377.05 Td (ferent ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 365.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 86.08 365.65 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 134.03 365.65 Td (These ) Tj ET Q q 0 0 0 rg BT 159.18 365.65 Td (positions ) Tj ET Q q 0 0 0 rg BT 195.97 365.65 Td (also ) Tj ET Q q 0 0 0 rg BT 213.75 365.65 Td (af) Tj ET Q q 0 0 0 rg BT 220.96 365.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 237.67 365.65 Td (the ) Tj ET Q q 0 0 0 rg BT 251.75 365.65 Td (relevant ) Tj ET Q q 0 0 0 rg BT 284.81 365.65 Td (filed ) Tj ET Q q 0 0 0 rg BT 304.70 365.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 318.78 365.65 Td (assessments ) Tj ET Q q 0 0 0 rg BT 367.17 365.65 Td (for ) Tj ET Q q 0 0 0 rg BT 380.72 365.65 Td (2008, ) Tj ET Q q 0 0 0 rg BT 404.57 365.65 Td (2009, ) Tj ET Q q 0 0 0 rg BT 428.42 365.65 Td (2010 ) Tj ET Q q 0 0 0 rg BT 449.89 365.65 Td (and ) Tj ET Q q 0 0 0 rg BT 466.08 365.65 Td (201) Tj ET Q q 0 0 0 rg BT 479.98 365.65 Td (1. ) Tj ET Q q 0 0 0 rg BT 489.40 365.65 Td (T) Tj ET Q q 0 0 0 rg BT 494.54 365.65 Td (o ) Tj ET Q q 0 0 0 rg BT 501.76 365.65 Td (the ) Tj ET Q q 0 0 0 rg BT 515.84 365.65 Td (extent ) Tj ET Q q 0 0 0 rg BT 541.53 365.65 Td (there ) Tj ET Q q 0 0 0 rg BT 562.99 365.65 Td (is ) Tj ET Q q 0 0 0 rg BT 571.80 365.65 Td (a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 354.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 101.91 354.25 Td (gain, ) Tj ET Q q 0 0 0 rg BT 123.13 354.25 Td (there ) Tj ET Q q 0 0 0 rg BT 144.59 354.25 Td (is ) Tj ET Q q 0 0 0 rg BT 153.41 354.25 Td (also ) Tj ET Q q 0 0 0 rg BT 171.20 354.25 Td (an ) Tj ET Q q 0 0 0 rg BT 182.65 354.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 227.86 354.25 Td (related ) Tj ET Q q 0 0 0 rg BT 256.19 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.06 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.15 354.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 311.13 354.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.52 354.25 Td (such ) Tj ET Q q 0 0 0 rg BT 341.42 354.25 Td (gain, ) Tj ET Q q 0 0 0 rg BT 362.63 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.83 354.25 Td (this, ) Tj ET Q q 0 0 0 rg BT 397.41 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.28 354.25 Td (turn, ) Tj ET Q q 0 0 0 rg BT 427.44 354.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.26 354.25 Td (af) Tj ET Q q 0 0 0 rg BT 443.47 354.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 469.16 354.25 Td (by ) Tj ET Q q 0 0 0 rg BT 481.14 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.23 354.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 522.52 354.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.91 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 547.00 354.25 Td (transfer ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 342.85 Td (of ) Tj ET Q q 0 0 0 rg BT 82.97 342.85 Td (the ) Tj ET Q q 0 0 0 rg BT 97.63 342.85 Td (domiciles ) Tj ET Q q 0 0 0 rg BT 137.63 342.85 Td (of ) Tj ET Q q 0 0 0 rg BT 148.60 342.85 Td (the ) Tj ET Q q 0 0 0 rg BT 163.26 342.85 Td (legal ) Tj ET Q q 0 0 0 rg BT 184.78 342.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 215.27 342.85 Td (to ) Tj ET Q q 0 0 0 rg BT 225.72 342.85 Td (a ) Tj ET Q q 0 0 0 rg BT 232.99 342.85 Td (new ) Tj ET Q q 0 0 0 rg BT 251.87 342.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 266.53 342.85 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 315.24 342.85 Td (In ) Tj ET Q q 0 0 0 rg BT 326.21 342.85 Td (the ) Tj ET Q q 0 0 0 rg BT 340.87 342.85 Td (Company) Tj ET Q q 0 0 0 rg BT 380.46 342.85 Td (s ) Tj ET Q q 0 0 0 rg BT 387.21 342.85 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 421.67 342.85 Td (the ) Tj ET Q q 0 0 0 rg BT 436.33 342.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 468.40 342.85 Td (by ) Tj ET Q q 0 0 0 rg BT 480.95 342.85 Td (the ) Tj ET Q q 0 0 0 rg BT 495.61 342.85 Td (legal ) Tj ET Q q 0 0 0 rg BT 517.13 342.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 547.63 342.85 Td (of ) Tj ET Q q 0 0 0 rg BT 558.60 342.85 Td (their ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 331.45 Td (domiciles ) Tj ET Q q 0 0 0 rg BT 111.69 331.45 Td (took ) Tj ET Q q 0 0 0 rg BT 131.33 331.45 Td (place ) Tj ET Q q 0 0 0 rg BT 154.13 331.45 Td (in ) Tj ET Q q 0 0 0 rg BT 164.27 331.45 Td (December ) Tj ET Q q 0 0 0 rg BT 206.05 331.45 Td (2007. ) Tj ET Q q 0 0 0 rg BT 230.18 331.45 Td ( ) Tj ET Q q 0 0 0 rg BT 232.74 331.45 Td (The ) Tj ET Q q 0 0 0 rg BT 250.26 331.45 Td (entities ) Tj ET Q q 0 0 0 rg BT 280.45 331.45 Td ( ) Tj ET Q q 0 0 0 rg BT 283.21 331.45 Td (involved ) Tj ET Q q 0 0 0 rg BT 319.20 331.45 Td (in ) Tj ET Q q 0 0 0 rg BT 329.35 331.45 Td (this ) Tj ET Q q 0 0 0 rg BT 345.83 331.45 Td (migration, ) Tj ET Q q 0 0 0 rg BT 387.89 331.45 Td (were ) Tj ET Q q 0 0 0 rg BT 409.10 331.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 427.69 331.45 Td (to ) Tj ET Q q 0 0 0 rg BT 437.84 331.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 470.14 331.45 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 488.46 331.45 Td (on ) Tj ET Q q 0 0 0 rg BT 500.71 331.45 Td (June ) Tj ET Q q 0 0 0 rg BT 520.88 331.45 Td (28th ) Tj ET Q q 0 0 0 rg BT 540.52 331.45 Td (2013 ) Tj ET Q q 0 0 0 rg BT 562.28 331.45 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 320.05 Td (therefore ) Tj ET Q q 0 0 0 rg BT 108.66 320.05 Td (the ) Tj ET Q q 0 0 0 rg BT 122.64 320.05 Td (exposure ) Tj ET Q q 0 0 0 rg BT 159.31 320.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 200.72 320.05 Td (with ) Tj ET Q q 0 0 0 rg BT 219.99 320.05 Td (these ) Tj ET Q q 0 0 0 rg BT 241.88 320.05 Td (entities ) Tj ET Q q 0 0 0 rg BT 271.70 320.05 Td (is ) Tj ET Q q 0 0 0 rg BT 280.41 320.05 Td (no ) Tj ET Q q 0 0 0 rg BT 292.28 320.05 Td (longer ) Tj ET Q q 0 0 0 rg BT 318.93 320.05 Td (with ) Tj ET Q q 0 0 0 rg BT 338.19 320.05 Td (North ) Tj ET Q q 0 0 0 rg BT 362.21 320.05 Td (Atlantic. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 297.25 Td (b\) ) Tj ET Q q 0 0 0 rg BT 70.47 297.25 Td (The ) Tj ET Q q 0 0 0 rg BT 86.78 297.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 125.79 297.25 Td (for ) Tj ET Q q 0 0 0 rg BT 138.41 297.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 181.64 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.10 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.25 297.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 244.31 297.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 279.08 297.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.70 297.25 Td (several ) Tj ET Q q 0 0 0 rg BT 320.14 297.25 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 363.89 297.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 410.29 297.25 Td (for ) Tj ET Q q 0 0 0 rg BT 422.92 297.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 436.07 297.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 472.43 297.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 510.13 297.25 Td (In ) Tj ET Q q 0 0 0 rg BT 519.58 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.73 297.25 Td (Company) Tj ET Q q 0 0 0 rg BT 572.31 297.25 Td (s ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 285.85 Td (view) Tj ET Q q 0 0 0 rg BT 89.85 285.85 Td (, ) Tj ET Q q 0 0 0 rg BT 94.72 285.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 136.25 285.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.36 285.85 Td (legislation ) Tj ET Q q 0 0 0 rg BT 192.43 285.85 Td (is ) Tj ET Q q 0 0 0 rg BT 201.27 285.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 230.67 285.85 Td (to ) Tj ET Q q 0 0 0 rg BT 240.56 285.85 Td (various ) Tj ET Q q 0 0 0 rg BT 271.02 285.85 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 328.39 285.85 Td (related ) Tj ET Q q 0 0 0 rg BT 356.73 285.85 Td (to ) Tj ET Q q 0 0 0 rg BT 366.62 285.85 Td (the ) Tj ET Q q 0 0 0 rg BT 380.72 285.85 Td (calculation ) Tj ET Q q 0 0 0 rg BT 424.89 285.85 Td (of ) Tj ET Q q 0 0 0 rg BT 435.30 285.85 Td (the ) Tj ET Q q 0 0 0 rg BT 449.41 285.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.51 285.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 485.01 285.85 Td (measured ) Tj ET Q q 0 0 0 rg BT 523.91 285.85 Td (in ) Tj ET Q q 0 0 0 rg BT 533.79 285.85 Td (Norwegian ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 274.45 Td (kroner) Tj ET Q q 0 0 0 rg BT 96.27 274.45 Td (. ) Tj ET Q q 0 0 0 rg BT 99.87 274.45 Td (There ) Tj ET Q q 0 0 0 rg BT 123.33 274.45 Td (is ) Tj ET Q q 0 0 0 rg BT 130.99 274.45 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 163.44 274.45 Td (correspondence ) Tj ET Q q 0 0 0 rg BT 224.37 274.45 Td (with ) Tj ET Q q 0 0 0 rg BT 242.57 274.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.50 274.45 Td (authorities ) Tj ET Q q 0 0 0 rg BT 296.92 274.45 Td (with ) Tj ET Q q 0 0 0 rg BT 315.12 274.45 Td (regards ) Tj ET Q q 0 0 0 rg BT 344.40 274.45 Td (to ) Tj ET Q q 0 0 0 rg BT 353.10 274.45 Td (calculation ) Tj ET Q q 0 0 0 rg BT 396.10 274.45 Td (methods ) Tj ET Q q 0 0 0 rg BT 429.60 274.45 Td (for ) Tj ET Q q 0 0 0 rg BT 442.00 274.45 Td (conversion ) Tj ET Q q 0 0 0 rg BT 485.00 274.45 Td (of ) Tj ET Q q 0 0 0 rg BT 494.23 274.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 528.78 274.45 Td (in ) Tj ET Q q 0 0 0 rg BT 537.49 274.45 Td (functional ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 263.05 Td (currency ) Tj ET Q q 0 0 0 rg BT 107.60 263.05 Td (to ) Tj ET Q q 0 0 0 rg BT 117.37 263.05 Td (taxable ) Tj ET Q q 0 0 0 rg BT 147.17 263.05 Td (income ) Tj ET Q q 0 0 0 rg BT 177.51 263.05 Td (in ) Tj ET Q q 0 0 0 rg BT 187.27 263.05 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 231.86 263.05 Td (kroner) Tj ET Q q 0 0 0 rg BT 256.13 263.05 Td (. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 228.85 Td (Management ) Tj ET Q q 0 0 0 rg BT 124.82 228.85 Td (has ) Tj ET Q q 0 0 0 rg BT 140.72 228.85 Td (performed ) Tj ET Q q 0 0 0 rg BT 183.51 228.85 Td (an ) Tj ET Q q 0 0 0 rg BT 195.71 228.85 Td (analysis ) Tj ET Q q 0 0 0 rg BT 229.54 228.85 Td (for ) Tj ET Q q 0 0 0 rg BT 243.85 228.85 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 282.42 228.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 297.26 228.85 Td (positions ) Tj ET Q q 0 0 0 rg BT 334.80 228.85 Td (in ) Tj ET Q q 0 0 0 rg BT 345.42 228.85 Td (the ) Tj ET Q q 0 0 0 rg BT 360.26 228.85 Td (various ) Tj ET Q q 0 0 0 rg BT 391.45 228.85 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 441.66 228.85 Td (in ) Tj ET Q q 0 0 0 rg BT 452.28 228.85 Td (which ) Tj ET Q q 0 0 0 rg BT 478.72 228.85 Td (the ) Tj ET Q q 0 0 0 rg BT 493.56 228.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.73 228.85 Td (operates ) Tj ET Q q 0 0 0 rg BT 568.61 228.85 Td (in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 217.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 81.39 217.45 Td (with ) Tj ET Q q 0 0 0 rg BT 100.37 217.45 Td (ASC ) Tj ET Q q 0 0 0 rg BT 121.34 217.45 Td (T) Tj ET Q q 0 0 0 rg BT 126.48 217.45 Td (opic ) Tj ET Q q 0 0 0 rg BT 145.52 217.45 Td (740 ) Tj ET Q q 0 0 0 rg BT 162.45 217.45 Td (Income ) Tj ET Q q 0 0 0 rg BT 193.42 217.45 Td (T) Tj ET Q q 0 0 0 rg BT 198.56 217.45 Td (axes. ) Tj ET Q q 0 0 0 rg BT 220.50 217.45 Td (Based ) Tj ET Q q 0 0 0 rg BT 246.39 217.45 Td (on ) Tj ET Q q 0 0 0 rg BT 258.57 217.45 Td (the ) Tj ET Q q 0 0 0 rg BT 272.86 217.45 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 308.52 217.45 Td (a ) Tj ET Q q 0 0 0 rg BT 315.42 217.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.71 217.45 Td (liability ) Tj ET Q q 0 0 0 rg BT 361.94 217.45 Td (related ) Tj ET Q q 0 0 0 rg BT 390.47 217.45 Td (to ) Tj ET Q q 0 0 0 rg BT 400.54 217.45 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 438.56 217.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 452.85 217.45 Td (positions ) Tj ET Q q 0 0 0 rg BT 489.84 217.45 Td (of ) Tj ET Q q 0 0 0 rg BT 500.43 217.45 Td ($0 ) Tj ET Q q 0 0 0 rg BT 512.61 217.45 Td (million ) Tj ET Q q 0 0 0 rg BT 542.74 217.45 Td (has ) Tj ET Q q 0 0 0 rg BT 558.09 217.45 Td (been ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 206.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 71.65 206.05 Td (as ) Tj ET Q q 0 0 0 rg BT 81.99 206.05 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 92.33 206.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 148.04 206.05 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 167.04 206.05 Td ( ) Tj ET Q q 0 0 0 rg BT 169.46 206.05 Td (\() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 172.62 206.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 228.33 206.05 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 247.33 206.05 Td (: ) Tj ET Q q 0 0 0 rg BT 252.39 206.05 Td ($142 ) Tj ET Q q 0 0 0 rg BT 273.82 206.05 Td (million\). ) Tj ET Q q 0 0 0 rg BT 309.06 206.05 Td (The ) Tj ET Q q 0 0 0 rg BT 326.25 206.05 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 364.02 206.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 378.05 206.05 Td (position ) Tj ET Q q 0 0 0 rg BT 411.09 206.05 Td (was ) Tj ET Q q 0 0 0 rg BT 428.29 206.05 Td (classified ) Tj ET Q q 0 0 0 rg BT 466.59 206.05 Td (as ) Tj ET Q q 0 0 0 rg BT 476.93 206.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 500.99 206.05 Td (current ) Tj ET Q q 0 0 0 rg BT 530.31 206.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 568.10 206.05 Td (as ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 194.65 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 46.29 194.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 101.94 194.65 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 120.94 194.65 Td (. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 171.85 Td (In ) Tj ET Q q 0 0 0 rg BT 82.18 171.85 Td (relation ) Tj ET Q q 0 0 0 rg BT 113.47 171.85 Td (to ) Tj ET Q q 0 0 0 rg BT 123.13 171.85 Td (the ) Tj ET Q q 0 0 0 rg BT 137.00 171.85 Td (above ) Tj ET Q q 0 0 0 rg BT 161.95 171.85 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 204.32 171.85 Td (possible ) Tj ET Q q 0 0 0 rg BT 237.73 171.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 251.61 171.85 Td (claims, ) Tj ET Q q 0 0 0 rg BT 281.05 171.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 312.87 171.85 Td (had ) Tj ET Q q 0 0 0 rg BT 328.85 171.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 364.89 171.85 Td (the ) Tj ET Q q 0 0 0 rg BT 378.77 171.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 417.98 171.85 Td (with ) Tj ET Q q 0 0 0 rg BT 437.14 171.85 Td (an ) Tj ET Q q 0 0 0 rg BT 448.37 171.85 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 489.17 171.85 Td (declaration ) Tj ET Q q 0 0 0 rg BT 533.64 171.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 568.62 171.85 Td (to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 160.45 Td (which ) Tj ET Q q 0 0 0 rg BT 61.38 160.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 93.09 160.45 Td (has ) Tj ET Q q 0 0 0 rg BT 107.92 160.45 Td (agreed ) Tj ET Q q 0 0 0 rg BT 135.40 160.45 Td (to ) Tj ET Q q 0 0 0 rg BT 144.95 160.45 Td (hold ) Tj ET Q q 0 0 0 rg BT 164.00 160.45 Td (the ) Tj ET Q q 0 0 0 rg BT 177.77 160.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.87 160.45 Td (harmless ) Tj ET Q q 0 0 0 rg BT 252.81 160.45 Td (for ) Tj ET Q q 0 0 0 rg BT 266.05 160.45 Td (any ) Tj ET Q q 0 0 0 rg BT 281.93 160.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 295.70 160.45 Td (claims ) Tj ET Q q 0 0 0 rg BT 322.66 160.45 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 363.33 160.45 Td ($63 ) Tj ET Q q 0 0 0 rg BT 379.74 160.45 Td (million ) Tj ET Q q 0 0 0 rg BT 409.35 160.45 Td (related ) Tj ET Q q 0 0 0 rg BT 437.36 160.45 Td (to ) Tj ET Q q 0 0 0 rg BT 446.91 160.45 Td (the ) Tj ET Q q 0 0 0 rg BT 460.68 160.45 Td (move ) Tj ET Q q 0 0 0 rg BT 483.95 160.45 Td (of ) Tj ET Q q 0 0 0 rg BT 494.02 160.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 514.65 160.45 Td (entities ) Tj ET Q q 0 0 0 rg BT 544.25 160.45 Td (to ) Tj ET Q q 0 0 0 rg BT 553.80 160.45 Td (a ) Tj ET Q q 0 0 0 rg BT 560.18 160.45 Td (new ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 149.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 49.94 149.05 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 95.55 149.05 Td (and ) Tj ET Q q 0 0 0 rg BT 111.60 149.05 Td (the ) Tj ET Q q 0 0 0 rg BT 125.54 149.05 Td (use ) Tj ET Q q 0 0 0 rg BT 140.54 149.05 Td (of ) Tj ET Q q 0 0 0 rg BT 150.79 149.05 Td (the ) Tj ET Q q 0 0 0 rg BT 164.73 149.05 Td (US ) Tj ET Q q 0 0 0 rg BT 179.21 149.05 Td (dollar ) Tj ET Q q 0 0 0 rg BT 203.70 149.05 Td (as ) Tj ET Q q 0 0 0 rg BT 213.95 149.05 Td (the ) Tj ET Q q 0 0 0 rg BT 227.89 149.05 Td (functional ) Tj ET Q q 0 0 0 rg BT 268.74 149.05 Td (currency ) Tj ET Q q 0 0 0 rg BT 304.31 149.05 Td (for ) Tj ET Q q 0 0 0 rg BT 317.72 149.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 331.66 149.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 368.82 149.05 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 407.13 149.05 Td (The ) Tj ET Q q 0 0 0 rg BT 424.24 149.05 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 486.72 149.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 507.53 149.05 Td (has ) Tj ET Q q 0 0 0 rg BT 522.52 149.05 Td (been ) Tj ET Q q 0 0 0 rg BT 542.79 149.05 Td (recorded ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 137.65 Td (as ) Tj ET Q q 0 0 0 rg BT 46.49 137.65 Td (a ) Tj ET Q q 0 0 0 rg BT 53.28 137.65 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 90.16 137.65 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 136.60 137.65 Td (This ) Tj ET Q q 0 0 0 rg BT 156.07 137.65 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 197.17 137.65 Td (declaration ) Tj ET Q q 0 0 0 rg BT 241.95 137.65 Td (is ) Tj ET Q q 0 0 0 rg BT 250.86 137.65 Td (no ) Tj ET Q q 0 0 0 rg BT 262.94 137.65 Td (longer ) Tj ET Q q 0 0 0 rg BT 289.78 137.65 Td (relevant ) Tj ET Q q 0 0 0 rg BT 322.95 137.65 Td (after ) Tj ET Q q 0 0 0 rg BT 342.93 137.65 Td (the ) Tj ET Q q 0 0 0 rg BT 357.11 137.65 Td (sale ) Tj ET Q q 0 0 0 rg BT 374.46 137.65 Td (of ) Tj ET Q q 0 0 0 rg BT 384.95 137.65 Td (the ) Tj ET Q q 0 0 0 rg BT 399.13 137.65 Td (companies ) Tj ET Q q 0 0 0 rg BT 442.34 137.65 Td (to ) Tj ET Q q 0 0 0 rg BT 452.30 137.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 484.43 137.65 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 502.57 137.65 Td (on ) Tj ET Q q 0 0 0 rg BT 514.65 137.65 Td (June ) Tj ET Q q 0 0 0 rg BT 534.64 137.65 Td (28,2013 ) Tj ET Q q 0 0 0 rg BT 568.09 137.65 Td (as ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 126.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 59.48 126.25 Td (above. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 103.45 Td (The ) Tj ET Q q 0 0 0 rg BT 88.93 103.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 121.69 103.45 Td (to ) Tj ET Q q 0 0 0 rg BT 131.23 103.45 Td (our ) Tj ET Q q 0 0 0 rg BT 146.06 103.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 183.58 103.45 Td (related ) Tj ET Q q 0 0 0 rg BT 211.58 103.45 Td (to ) Tj ET Q q 0 0 0 rg BT 221.13 103.45 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 274.46 103.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 288.22 103.45 Td (positions, ) Tj ET Q q 0 0 0 rg BT 327.07 103.45 Td (excluding ) Tj ET Q q 0 0 0 rg BT 366.69 103.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 396.81 103.45 Td (and ) Tj ET Q q 0 0 0 rg BT 412.69 103.45 Td (penalties ) Tj ET Q q 0 0 0 rg BT 448.62 103.45 Td (that ) Tj ET Q q 0 0 0 rg BT 465.02 103.45 Td (we ) Tj ET Q q 0 0 0 rg BT 478.26 103.45 Td (recognize ) Tj ET Q q 0 0 0 rg BT 517.34 103.45 Td (as ) Tj ET Q q 0 0 0 rg BT 527.41 103.45 Td (a ) Tj ET Q q 0 0 0 rg BT 533.79 103.45 Td (component ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 92.05 Td (of ) Tj ET Q q 0 0 0 rg BT 46.29 92.05 Td (income ) Tj ET Q q 0 0 0 rg BT 76.63 92.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.61 92.05 Td (expense, ) Tj ET Q q 0 0 0 rg BT 125.96 92.05 Td (were ) Tj ET Q q 0 0 0 rg BT 146.79 92.05 Td (as ) Tj ET Q q 0 0 0 rg BT 157.08 92.05 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-22) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 742.50 480.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 742.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 716.50 480.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 716.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 690.50 480.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 690.50 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 742.5 m 516.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 742.5 m 576.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 742.5 m 516.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 742.5 m 576.5 742.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 690.5 m 576.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 678.5 m 576.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 676.5 m 576.5 676.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.75 746.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 733.41 Td (Balance at December 31, 2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.00 733.06 Td (63.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 720.41 Td (Additions) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.00 720.06 Td (79.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 707.41 Td (Balance at December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.25 707.06 Td (142.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 694.41 Td (Reduction due to sale of entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 694.07 Td (\(142.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 694.07 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 681.41 Td (Balance at December 31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 563.15 681.06 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 655.20 Td (. ) Tj ET Q q 0 0 0 rg BT 76.58 655.20 Td (The ) Tj ET Q q 0 0 0 rg BT 93.72 655.20 Td (company ) Tj ET Q q 0 0 0 rg BT 130.92 655.20 Td (does ) Tj ET Q q 0 0 0 rg BT 150.71 655.20 Td (not ) Tj ET Q q 0 0 0 rg BT 165.23 655.20 Td (have ) Tj ET Q q 0 0 0 rg BT 185.53 655.20 Td (any ) Tj ET Q q 0 0 0 rg BT 201.63 655.20 Td (other ) Tj ET Q q 0 0 0 rg BT 223.52 655.20 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 261.24 655.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 275.22 655.20 Td (positions. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 608.40 Td (North ) Tj ET Q q 0 0 0 rg BT 95.93 608.40 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 128.79 608.40 Td (is ) Tj ET Q q 0 0 0 rg BT 137.39 608.40 Td (headquartered ) Tj ET Q q 0 0 0 rg BT 193.45 608.40 Td (in ) Tj ET Q q 0 0 0 rg BT 203.10 608.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 240.18 608.40 Td (where ) Tj ET Q q 0 0 0 rg BT 265.65 608.40 Td (we ) Tj ET Q q 0 0 0 rg BT 278.99 608.40 Td (have ) Tj ET Q q 0 0 0 rg BT 299.18 608.40 Td (been ) Tj ET Q q 0 0 0 rg BT 319.37 608.40 Td (granted ) Tj ET Q q 0 0 0 rg BT 350.12 608.40 Td (a ) Tj ET Q q 0 0 0 rg BT 356.60 608.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 370.47 608.40 Td (exemption ) Tj ET Q q 0 0 0 rg BT 412.83 608.40 Td (until ) Tj ET Q q 0 0 0 rg BT 432.51 608.40 Td (2035. ) Tj ET Q q 0 0 0 rg BT 456.14 608.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 480.03 608.40 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 529.27 608.40 Td (in ) Tj ET Q q 0 0 0 rg BT 538.92 608.40 Td (which ) Tj ET Q q 0 0 0 rg BT 564.39 608.40 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 597.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 74.80 597.00 Td (operates ) Tj ET Q q 0 0 0 rg BT 108.31 597.00 Td (are ) Tj ET Q q 0 0 0 rg BT 121.77 597.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 151.06 597.00 Td (based ) Tj ET Q q 0 0 0 rg BT 174.55 597.00 Td (on ) Tj ET Q q 0 0 0 rg BT 185.90 597.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 198.32 597.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 241.71 597.00 Td (A) Tj ET Q q 0 0 0 rg BT 248.05 597.00 Td ( ) Tj ET Q q 0 0 0 rg BT 249.91 597.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 266.55 597.00 Td (in ) Tj ET Q q 0 0 0 rg BT 275.80 597.00 Td (one ) Tj ET Q q 0 0 0 rg BT 291.38 597.00 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 336.51 597.00 Td (may ) Tj ET Q q 0 0 0 rg BT 354.73 597.00 Td (not ) Tj ET Q q 0 0 0 rg BT 368.73 597.00 Td (be ) Tj ET Q q 0 0 0 rg BT 379.55 597.00 Td (of) Tj ET Q q 0 0 0 rg BT 387.29 597.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 402.87 597.00 Td (against ) Tj ET Q q 0 0 0 rg BT 431.64 597.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 460.93 597.00 Td (income ) Tj ET Q q 0 0 0 rg BT 490.75 597.00 Td (in ) Tj ET Q q 0 0 0 rg BT 500.00 597.00 Td (another ) Tj ET Q q 0 0 0 rg BT 530.34 597.00 Td (jurisdiction. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 585.60 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 59.36 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 72.96 585.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.89 585.60 Td (may ) Tj ET Q q 0 0 0 rg BT 130.23 585.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 145.94 585.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.53 585.60 Td (within ) Tj ET Q q 0 0 0 rg BT 185.80 585.60 Td (some ) Tj ET Q q 0 0 0 rg BT 207.84 585.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 256.80 585.60 Td (even ) Tj ET Q q 0 0 0 rg BT 276.72 585.60 Td (though ) Tj ET Q q 0 0 0 rg BT 305.10 585.60 Td (it ) Tj ET Q q 0 0 0 rg BT 312.37 585.60 Td (may ) Tj ET Q q 0 0 0 rg BT 330.71 585.60 Td (have ) Tj ET Q q 0 0 0 rg BT 350.63 585.60 Td (an ) Tj ET Q q 0 0 0 rg BT 361.59 585.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 389.95 585.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 406.72 585.60 Td (at ) Tj ET Q q 0 0 0 rg BT 415.57 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.16 585.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 479.17 585.60 Td (level. ) Tj ET Q q 0 0 0 rg BT 501.85 585.60 Td (The ) Tj ET Q q 0 0 0 rg BT 518.61 585.60 Td (following ) Tj ET Q q 0 0 0 rg BT 557.54 585.60 Td (table ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 574.20 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 83.75 574.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.73 574.20 Td (earliest ) Tj ET Q q 0 0 0 rg BT 127.54 574.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.52 574.20 Td (years ) Tj ET Q q 0 0 0 rg BT 163.94 574.20 Td (that ) Tj ET Q q 0 0 0 rg BT 180.56 574.20 Td (remain ) Tj ET Q q 0 0 0 rg BT 209.31 574.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 238.60 574.20 Td (to ) Tj ET Q q 0 0 0 rg BT 248.36 574.20 Td (examination ) Tj ET Q q 0 0 0 rg BT 297.70 574.20 Td (by ) Tj ET Q q 0 0 0 rg BT 309.57 574.20 Td (the ) Tj ET Q q 0 0 0 rg BT 323.55 574.20 Td (major ) Tj ET Q q 0 0 0 rg BT 348.09 574.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 377.89 574.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 427.24 574.20 Td (in ) Tj ET Q q 0 0 0 rg BT 437.00 574.20 Td (which ) Tj ET Q q 0 0 0 rg BT 462.60 574.20 Td (the ) Tj ET Q q 0 0 0 rg BT 476.58 574.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 515.90 574.20 Td (operates: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 528.70 454.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 528.70 86.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 502.70 454.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 502.70 86.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 528.7 m 489.5 528.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 528.7 m 575.5 528.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.55 532.93 Td (Jurisdiction) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.95 532.93 Td (Earliest Open ) Tj ET Q q 0 0 0 rg BT 553.99 532.93 Td (Y) Tj ET Q q 0 0 0 rg BT 558.88 532.93 Td (ear) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 569.98 532.93 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 519.61 Td (Norway) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.35 519.26 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 506.61 Td (United Kingdom) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.35 506.26 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 493.61 Td (Ireland) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.00 493.26 Td (2013) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 457.25 Td (Note 7 - Inter) Tj ET Q q 0 0 0 rg BT 93.30 457.25 Td (est expense) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 404.75 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 404.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 404.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 404.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 374.75 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 374.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 374.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 374.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 419.75 m 435.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 404.75 m 435.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 419.75 m 505.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 404.75 m 505.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 419.75 m 575.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 404.75 m 575.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 374.75 m 435.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 359.75 m 435.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 374.75 m 505.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 359.75 m 505.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 374.75 m 575.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 359.75 m 575.5 359.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.75 423.98 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.95 423.98 Td (Years ended December 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.00 408.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.00 408.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 556.00 408.98 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 394.42 Td (Gross interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 394.42 Td (95.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 394.42 Td (94.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 394.42 Td (88.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 379.42 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 379.42 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 379.42 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 379.42 Td (10.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 364.43 Td (Net interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 364.43 Td (84.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 364.43 Td (83.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 364.43 Td (77.6) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 337.60 Td (Note 8 Earnings per) Tj ET Q q 0 0 0 rg BT 124.49 337.60 Td ( shar) Tj ET Q q 0 0 0 rg BT 144.65 337.60 Td (e) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 314.80 Td (The components of the numerator and denominator for the calculation of basic and diluted earnings per share resulting from ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 303.40 Td (continuing operations are as follows:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 280.60 Td (Basic and diluted earnings per share) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 212.10 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 212.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 212.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 212.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 212.10 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 212.10 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 184.10 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 184.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 184.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 184.10 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 184.10 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 184.10 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 156.10 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 156.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 156.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 156.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 156.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 156.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 126.10 349.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 126.10 60.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 126.10 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 126.10 60.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 126.10 5.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 126.10 62.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 96.10 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 96.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 96.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 96.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 96.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 96.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 66.10 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 66.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 66.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 66.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 66.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 66.10 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 51.10000000000002 m 385.5 51.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 51.10000000000002 m 445.5 51.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 51.10000000000002 m 449.5 51.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 51.10000000000002 m 509.5 51.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 51.10000000000002 m 514.5 51.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 51.10000000000002 m 576.5 51.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.25 230.33 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.75 230.33 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.75 246.33 Td (Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.85 238.33 Td (average shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.75 230.33 Td (outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.70 238.33 Td (Earnings per) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.70 230.33 Td (share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 216.78 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 202.67 Td (Continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 202.67 Td (246.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 202.67 Td (192.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 202.67 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 188.67 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 188.67 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 188.67 Td (192.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 188.67 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 174.67 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 174.67 Td (249.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 174.67 Td (192.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 174.67 Td (1.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 160.78 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 145.77 Td (Continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 145.77 Td (181.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 145.77 Td (220.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 145.77 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 130.77 Td (Effect of dilution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.65 130.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 130.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.65 130.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 114.77 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 114.77 Td (181.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 114.77 Td (220.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 114.77 Td (0.82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 100.78 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 85.77 Td (Continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 85.77 Td (235.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 85.77 Td (227.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 85.77 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 70.77 Td (Effect of dilution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 70.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 70.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 70.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 55.77 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 55.77 Td (235.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 55.77 Td (227.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 55.77 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 39.60 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-23) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 749.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.95 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 102.31 749.45 Td (period ) Tj ET Q q 0 0 0 rg BT 129.33 749.45 Td (January ) Tj ET Q q 0 0 0 rg BT 161.63 749.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 169.13 749.45 Td (to ) Tj ET Q q 0 0 0 rg BT 179.28 749.45 Td (March ) Tj ET Q q 0 0 0 rg BT 206.82 749.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 221.45 749.45 Td (201) Tj ET Q q 0 0 0 rg BT 235.35 749.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 245.23 749.45 Td (basic ) Tj ET Q q 0 0 0 rg BT 267.50 749.45 Td (and ) Tj ET Q q 0 0 0 rg BT 283.97 749.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 313.11 749.45 Td (EPS ) Tj ET Q q 0 0 0 rg BT 332.23 749.45 Td (has ) Tj ET Q q 0 0 0 rg BT 347.65 749.45 Td (been ) Tj ET Q q 0 0 0 rg BT 368.33 749.45 Td (computed ) Tj ET Q q 0 0 0 rg BT 408.55 749.45 Td (assuming ) Tj ET Q q 0 0 0 rg BT 447.19 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 461.55 749.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 488.05 749.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 514.55 749.45 Td (to ) Tj ET Q q 0 0 0 rg BT 524.69 749.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 557.00 749.45 Td (upon ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td (formation ) Tj ET Q q 0 0 0 rg BT 76.00 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 86.46 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 100.60 738.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.08 738.05 Td (and ) Tj ET Q q 0 0 0 rg BT 156.34 738.05 Td (as ) Tj ET Q q 0 0 0 rg BT 166.79 738.05 Td (part ) Tj ET Q q 0 0 0 rg BT 184.10 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 194.56 738.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 248.28 738.05 Td (for ) Tj ET Q q 0 0 0 rg BT 261.89 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 276.04 738.05 Td (North ) Tj ET Q q 0 0 0 rg BT 300.18 738.05 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 333.33 738.05 Td (Restructuring, ) Tj ET Q q 0 0 0 rg BT 389.95 738.05 Td (amounting ) Tj ET Q q 0 0 0 rg BT 433.13 738.05 Td (to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 443.06 738.05 Td (150,003,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 490.56 738.05 Td ( ) Tj ET Q q 0 0 0 rg BT 493.10 738.05 Td (common ) Tj ET Q q 0 0 0 rg BT 528.88 738.05 Td (shares, ) Tj ET Q q 0 0 0 rg BT 557.54 738.05 Td (were ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 82.71 726.65 Td (for ) Tj ET Q q 0 0 0 rg BT 96.16 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 110.14 726.65 Td (full ) Tj ET Q q 0 0 0 rg BT 125.71 726.65 Td (period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 705.25 Td (Note 9 Other) Tj ET Q q 0 0 0 rg BT 98.86 705.25 Td ( r) Tj ET Q q 0 0 0 rg BT 105.61 705.25 Td (evenues) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 657.35 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 657.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 657.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 657.35 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 657.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 657.35 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 629.35 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 629.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 629.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 629.35 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 629.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 629.35 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 657.35 m 383.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 670.35 m 448.5 670.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 657.35 m 448.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 670.35 m 452.5 670.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 657.35 m 452.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 670.35 m 512.5 670.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 657.35 m 512.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 670.35 m 516.5 670.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 657.35 m 516.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 670.35 m 576.5 670.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 657.35 m 576.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 629.35 m 383.5 629.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 615.35 m 383.5 615.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 629.35 m 448.5 629.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 615.35 m 448.5 615.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 629.35 m 452.5 629.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 615.35 m 452.5 615.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 629.35 m 512.5 629.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 615.35 m 512.5 615.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 629.35 m 516.5 629.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 615.35 m 516.5 615.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 629.35 m 576.5 629.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 615.35 m 576.5 615.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.45 674.58 Td (Years ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.25 661.58 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.00 661.58 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.00 661.58 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.40 661.58 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 647.92 Td (Amortization of unfavorable contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 647.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 647.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 647.92 Td (23.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 633.92 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 633.92 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 633.92 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 633.92 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 619.92 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.15 620.03 Td (0.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.15 620.03 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.15 620.03 Td (23.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 592.45 Td (The unfavorable contract values arose from contracts originally purchased by Seadrill Of) Tj ET Q q 0 0 0 rg BT 410.28 592.45 Td (fshore ) Tj ET Q q 0 0 0 rg BT 435.87 592.45 Td (AS from third parties that have been ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 581.05 Td (contributed to the Company) Tj ET Q q 0 0 0 rg BT 141.71 581.05 Td (, and represent the net present value of the existing contracts compared to the current market rates, discounted at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 569.65 Td (the weighted average cost of capital. ) Tj ET Q q 0 0 0 rg BT 176.95 569.65 Td (The estimated unfavorable contract values have been amortized and recognized under other revenues ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 558.25 Td (over the terms of the contracts, ranging from ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 208.27 558.25 Td (two) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 222.52 558.25 Td ( to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 234.66 558.25 Td (five) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 249.43 558.25 Td ( years and are fully amortized at December31, 201) Tj ET Q q 0 0 0 rg BT 443.75 558.25 Td (1. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 536.60 Td (Note 10 Restricted cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 513.80 Td (Short term restricted cash of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 182.01 513.80 Td (US$25.3 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 245.35 513.80 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 263.82 513.80 Td (US$23.6 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 327.16 513.80 Td ( at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 338.77 513.80 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.42 513.80 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 431.89 513.80 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 450.89 513.80 Td (, respectively) Tj ET Q q 0 0 0 rg BT 500.92 513.80 Td (, relates to tax ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 502.40 Td (withholding deposits. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 480.25 Td (Note 1) Tj ET Q q 0 0 0 rg BT 62.94 480.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 77.39 480.25 Td (Accounts r) Tj ET Q q 0 0 0 rg BT 123.59 480.25 Td (eceivable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 457.45 Td (Accounts receivable are presented net of allowances for doubtful accounts. ) Tj ET Q q 0 0 0 rg BT 359.09 457.45 Td (The allowance for doubtful accounts receivables at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 446.05 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 110.66 446.05 Td ( was ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 130.18 446.05 Td (US$22 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 186.40 446.05 Td ( \() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 191.94 446.05 Td (December31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 266.59 446.05 Td (: ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 271.61 446.05 Td (US$0 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.08 446.05 Td (\). ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 423.25 Td (The Company did not recognize any bad debt expense in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 290.44 423.25 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 309.44 423.25 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 327.91 423.25 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 346.91 423.25 Td (, but has instead reduced contract revenue for any disputed ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 411.85 Td (amounts. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 390.60 Td (Note 12 Other) Tj ET Q q 0 0 0 rg BT 100.46 390.60 Td ( curr) Tj ET Q q 0 0 0 rg BT 120.60 390.60 Td (ent assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 343.70 400.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 343.70 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 343.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 343.70 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 315.70 400.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 315.70 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 315.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 315.70 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 287.70 400.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 287.70 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 287.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 287.70 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 259.70 400.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 259.70 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 259.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 259.70 68.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 343.70000000000005 m 436.5 343.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 343.70000000000005 m 504.5 343.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 343.70000000000005 m 508.5 343.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 343.70000000000005 m 576.5 343.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 245.70000000000005 m 436.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 232.70000000000005 m 436.5 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 230.70000000000005 m 436.5 230.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 245.70000000000005 m 504.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 232.70000000000005 m 504.5 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 230.70000000000005 m 504.5 230.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 245.70000000000005 m 508.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 232.70000000000005 m 508.5 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 230.70000000000005 m 508.5 230.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 245.70000000000005 m 576.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 232.70000000000005 m 576.5 232.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 230.70000000000005 m 576.5 230.70000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 357.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.75 347.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 355.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.00 347.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.75 355.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.00 347.93 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 334.27 Td (Reimbursable amounts due from customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 334.27 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 334.27 Td (17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 320.27 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 320.27 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 320.27 Td (3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 306.27 Td (Deferredtax effect ofinternal transfer of assets current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 306.27 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 306.27 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 292.27 Td (Loan fees - short term portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 292.27 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 292.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 278.27 Td (Derivatives financial instruments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 171.74 282.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 278.27 Td (6.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 278.27 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 264.27 Td (VAT receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 264.27 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 264.27 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 250.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 250.27 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 250.27 Td (1.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 236.38 Td (Total other current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.15 236.38 Td (43.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.15 236.38 Td (42.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 196.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 196.20 Td ( ) Tj ET Q q 0 0 0 rg BT 74.68 196.20 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 119.56 196.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.22 196.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 206.57 196.20 Td (consist ) Tj ET Q q 0 0 0 rg BT 237.03 196.20 Td (of ) Tj ET Q q 0 0 0 rg BT 248.04 196.20 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 292.36 196.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 312.26 196.20 Td (on ) Tj ET Q q 0 0 0 rg BT 324.94 196.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.05 196.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 374.72 196.20 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 403.75 196.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 449.21 196.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 492.43 196.20 Td (has ) Tj ET Q q 0 0 0 rg BT 508.44 196.20 Td (been ) Tj ET Q q 0 0 0 rg BT 530.00 196.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 568.23 196.20 Td (in ) Tj ET Q q 0 0 0 rg BT 578.51 196.20 Td ( ) Tj ET Q q 0 0 0 rg BT 581.01 196.20 Td ( ) Tj ET Q q 0 0 0 rg BT 583.51 196.20 Td ( ) Tj ET Q q 0 0 0 rg BT 586.01 196.20 Td ( ) Tj ET Q q 0 0 0 rg BT 588.51 196.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 184.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 57.94 184.20 Td (25.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-24) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 749.60 Td (Note 13 Newbuildings) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 690.70 400.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 690.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 690.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 690.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 664.70 400.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 664.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 664.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 664.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 638.70 400.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 638.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 638.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 638.70 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 704.7 m 436.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 704.7 m 504.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 704.7 m 508.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 704.7 m 576.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 638.7 m 436.5 638.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 626.7 m 436.5 626.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 624.7 m 436.5 624.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 638.7 m 504.5 638.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 626.7 m 504.5 626.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 624.7 m 504.5 624.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 638.7 m 508.5 638.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 626.7 m 508.5 626.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 624.7 m 508.5 624.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 638.7 m 576.5 638.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 626.7 m 576.5 626.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 624.7 m 576.5 624.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.75 708.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 716.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.00 708.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.75 716.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.00 708.93 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 681.61 Td (Opening balance) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.25 681.61 Td (248.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 681.61 Td (572.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 668.61 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 668.27 Td (53.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 668.61 Td (184.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 655.61 Td (Capitalized interest and loan related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 655.27 Td (10.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 655.61 Td (10.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 642.61 Td (Re-classified as Drilling rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 642.27 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 548.25 642.61 Td (\(518.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 642.61 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 629.77 Td (Closing balance) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 479.25 629.77 Td (312.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 551.40 629.77 Td (248.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 614.80 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 603.40 Td (Additions in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 121.62 603.40 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 140.62 603.40 Td ( are related to the construction of the jack-up drilling rig ) Tj ET Q q 0 0 0 rg BT 356.50 603.40 Td (W) Tj ET Q q 0 0 0 rg BT 364.71 603.40 Td (est Linus and also the semi submersible drilling rig ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 592.00 Td (W) Tj ET Q q 0 0 0 rg BT 44.21 592.00 Td (est Rigel. ) Tj ET Q q 0 0 0 rg BT 81.94 592.00 Td (Additions in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 131.56 592.00 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 150.56 592.00 Td ( are related to the construction of jack-up drilling rigs, ) Tj ET Q q 0 0 0 rg BT 358.54 592.00 Td (W) Tj ET Q q 0 0 0 rg BT 366.74 592.00 Td (est Elara, ) Tj ET Q q 0 0 0 rg BT 404.29 592.00 Td (W) Tj ET Q q 0 0 0 rg BT 412.50 592.00 Td (est Linus and also the semi submersible ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 580.60 Td (drilling rig ) Tj ET Q q 0 0 0 rg BT 79.10 580.60 Td (W) Tj ET Q q 0 0 0 rg BT 87.31 580.60 Td (est Rigel.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 557.80 Td (The reclassification to drilling rigs is related to the ) Tj ET Q q 0 0 0 rg BT 266.27 557.80 Td (W) Tj ET Q q 0 0 0 rg BT 274.47 557.80 Td (est Elara which commenced operations on March 22, 2012.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 536.60 Td (Note 14 Drilling rigs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 525.20 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 489.70 400.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 489.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 489.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 489.70 68.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 476.70 400.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 459.70 400.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 459.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 459.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 459.70 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 489.7 m 435.5 489.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 489.7 m 503.5 489.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 489.7 m 507.5 489.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 489.7 m 575.5 489.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 459.7 m 435.5 459.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 447.7 m 435.5 447.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 445.7 m 435.5 445.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 459.7 m 503.5 459.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 447.7 m 503.5 447.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 445.7 m 503.5 445.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 459.7 m 507.5 459.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 447.7 m 507.5 447.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 445.7 m 507.5 445.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 459.7 m 575.5 459.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 447.7 m 575.5 447.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 445.7 m 575.5 445.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.75 493.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.21 493.93 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.25 501.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 493.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.25 501.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.50 493.93 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 480.61 Td (Cost) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.15 480.61 Td (3,322.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 543.15 480.61 Td (3,172.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 467.61 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 467.32 Td (\(944.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 467.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 467.27 Td (\(756.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 467.27 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 450.77 Td (Net book value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.15 450.77 Td (2,377.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.15 450.77 Td (2,416.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 424.40 Td (Additions in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 121.62 424.40 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 140.62 424.40 Td ( primarily related to expenditures for major additions and improvements to existing drilling rigs that extend the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 413.00 Td (life of a drilling rig or increase functionality together with deferred long term maintenance expenses on existing drilling units. ) Tj ET Q q 0 0 0 rg BT 516.15 413.00 Td (Additions in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 401.60 Td (2012 was primarily relating to the reclassification of ) Tj ET Q q 0 0 0 rg BT 237.39 401.60 Td (W) Tj ET Q q 0 0 0 rg BT 245.59 401.60 Td (est Elara from newbuildings to drilling rigs upon commencement of operations in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 390.20 Td (March 2012.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 367.40 Td (Depreciation and amortization expense was US$188.0 million, US$162.8 million and US$140,7 million for the years ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 508.82 367.40 Td (December31, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 356.00 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 55.00 356.00 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 59.75 356.00 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 78.75 356.00 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 97.22 356.00 Td (201) Tj ET Q q 0 0 0 rg BT 111.11 356.00 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 115.86 356.00 Td ( respectively) Tj ET Q q 0 0 0 rg BT 163.52 356.00 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 334.60 Td (Note 15 Goodwill) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 311.80 Td (As described in Note 1 General Information, the Company acquired the shares in the entities owning Seadrill`s harsh environment ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 300.40 Td (drilling rigs - ) Tj ET Q q 0 0 0 rg BT 88.34 300.40 Td (W) Tj ET Q q 0 0 0 rg BT 96.55 300.40 Td (est ) Tj ET Q q 0 0 0 rg BT 108.95 300.40 Td (Alpha, ) Tj ET Q q 0 0 0 rg BT 136.75 300.40 Td (W) Tj ET Q q 0 0 0 rg BT 144.95 300.40 Td (est Epsilon, ) Tj ET Q q 0 0 0 rg BT 191.49 300.40 Td (W) Tj ET Q q 0 0 0 rg BT 199.70 300.40 Td (est ) Tj ET Q q 0 0 0 rg BT 212.45 300.40 Td (V) Tj ET Q q 0 0 0 rg BT 218.26 300.40 Td (enture, ) Tj ET Q q 0 0 0 rg BT 246.58 300.40 Td (W) Tj ET Q q 0 0 0 rg BT 254.78 300.40 Td (est Navigator and ) Tj ET Q q 0 0 0 rg BT 323.99 300.40 Td (W) Tj ET Q q 0 0 0 rg BT 332.20 300.40 Td (est Phoenix - and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 400.27 300.40 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.99 300.40 Td ( harsh environment drilling rig under ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 289.00 Td (construction, ) Tj ET Q q 0 0 0 rg BT 87.54 289.00 Td (W) Tj ET Q q 0 0 0 rg BT 95.75 289.00 Td (est Elara. ) Tj ET Q q 0 0 0 rg BT 133.30 289.00 Td (The consideration for the shares was ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 274.70 289.00 Td (US$2,354.8 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 349.91 289.00 Td ( and has been accounted for as a common control ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 277.60 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 81.91 277.60 Td (As such the consolidation of the purchased companies is based on Seadrill) Tj ET Q q 0 0 0 rg BT 367.11 277.60 Td (s net asset carrying values of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.97 277.60 Td (US$1,047.7 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 554.19 277.60 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 266.20 Td (including goodwill of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 120.70 266.20 Td (US$480.6 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 188.80 266.20 Td (. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 243.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 243.40 Td (In the years ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 143.75 243.40 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 218.40 243.40 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 223.15 243.40 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 242.15 243.40 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 260.62 243.40 Td (201) Tj ET Q q 0 0 0 rg BT 274.52 243.40 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.27 243.40 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 281.64 243.40 Td (no) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 291.14 243.40 Td ( impairment losses were recognized or accumulated.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 221.60 Td (Note 16 Other) Tj ET Q q 0 0 0 rg BT 100.46 221.60 Td ( non-curr) Tj ET Q q 0 0 0 rg BT 139.08 221.60 Td (ent assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 175.70 404.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 175.70 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 175.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 175.70 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 149.70 404.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 149.70 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 149.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 149.70 66.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 175.70000000000005 m 440.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 175.70000000000005 m 506.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 175.70000000000005 m 510.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 175.70000000000005 m 576.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 136.70000000000005 m 440.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 136.70000000000005 m 506.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 136.70000000000005 m 510.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 136.70000000000005 m 576.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 136.70000000000005 m 440.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 124.70000000000005 m 440.5 124.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 122.70000000000005 m 440.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 136.70000000000005 m 506.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 124.70000000000005 m 506.5 124.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 122.70000000000005 m 506.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 136.70000000000005 m 510.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 124.70000000000005 m 510.5 124.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 122.70000000000005 m 510.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 136.70000000000005 m 576.5 136.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 124.70000000000005 m 576.5 124.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 122.70000000000005 m 576.5 122.70000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.75 179.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.75 187.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 179.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 187.93 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.00 179.93 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 166.61 Td (Deferred tax effect of internal transfer of assets net of current portion) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.40 166.61 Td (111.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 166.61 Td (120.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 153.61 Td (Loan fee) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 486.15 153.61 Td (14.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 153.61 Td (16.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 140.61 Td (Other) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 490.90 140.61 Td (2.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.90 140.61 Td (1.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 127.77 Td (Total other non-current assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 481.40 127.77 Td (128.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 551.40 127.77 Td (138.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 578.00 124.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 101.60 Td (Note 17 Long-term inter) Tj ET Q q 0 0 0 rg BT 141.88 101.60 Td (est bearing debt and inter) Tj ET Q q 0 0 0 rg BT 246.22 101.60 Td (est expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 78.80 Td (As ) Tj ET Q q 0 0 0 rg BT 84.93 78.80 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 95.22 78.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.88 78.80 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 169.88 78.80 Td ( ) Tj ET Q q 0 0 0 rg BT 172.25 78.80 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 188.34 78.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 244.00 78.80 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 263.00 78.80 Td (, ) Tj ET Q q 0 0 0 rg BT 267.75 78.80 Td (the ) Tj ET Q q 0 0 0 rg BT 281.73 78.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 321.05 78.80 Td (had ) Tj ET Q q 0 0 0 rg BT 337.14 78.80 Td (the ) Tj ET Q q 0 0 0 rg BT 351.12 78.80 Td (following ) Tj ET Q q 0 0 0 rg BT 390.44 78.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 409.17 78.80 Td (facilities: ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-25) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 719.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 719.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 719.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 719.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 685.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 685.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 685.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 685.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 659.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 659.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 659.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 625.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 625.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 625.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 625.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 599.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 599.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 599.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 599.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 573.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 573.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 573.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 573.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 538.50 376.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 538.50 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 538.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 538.50 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 732.5 m 411.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 732.5 m 491.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 732.5 m 495.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 732.5 m 575.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 702.5 m 491.5 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 689.5 m 491.5 689.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 702.5 m 495.5 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 689.5 m 495.5 689.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 702.5 m 575.5 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 689.5 m 575.5 689.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 642.5 m 491.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 629.5 m 491.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 642.5 m 495.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 629.5 m 495.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 642.5 m 575.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 629.5 m 575.5 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 573.5 m 491.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 560.5 m 491.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 573.5 m 495.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 560.5 m 495.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 573.5 m 575.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 560.5 m 575.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 556.5 m 491.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 542.5 m 491.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 556.5 m 495.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 542.5 m 495.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 556.5 m 575.5 556.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 542.5 m 575.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 520.5 m 491.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 506.5 m 491.5 506.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 520.5 m 495.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 507.5 m 495.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 505.5 m 495.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 520.5 m 575.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 506.5 m 575.5 506.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.75 736.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.25 744.73 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.50 736.73 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.25 744.73 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.50 736.73 Td (2012) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 723.57 Td (Credit facilities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 710.41 Td ($2,000 facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.15 710.41 Td (1,503.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 543.15 710.41 Td (1,750.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 693.57 Td (Total credit facilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.15 693.57 Td (1,503.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.15 693.57 Td (1,750.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 676.57 Td (Bonds:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 663.41 Td (Bond Loan, MNOK 1,500) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.25 663.41 Td (244.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 663.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 650.41 Td (Bond loan, subscribed in full by related party) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.25 650.41 Td (500.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.25 650.41 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 633.07 Td (Total bonds) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 466.25 633.57 Td (744.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.25 633.57 Td (500.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 616.57 Td (Related party debt:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 603.41 Td (Revolving credit facility from related party) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 475.75 603.41 Td (5.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.25 603.41 Td (175.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 590.41 Td ($27.5 Million shareholder loan facility provided by related party) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 590.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.00 590.41 Td (27.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 577.41 Td (Loan provided by related party) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.25 577.41 Td (195.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 577.41 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 564.57 Td (Total Related party debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 466.25 564.57 Td (200.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.25 564.57 Td (202.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 547.07 Td (Total interest bearing debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.15 547.07 Td (2,447.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.15 547.07 Td (2,452.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 529.07 Td (Less: current portion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.80 529.23 Td (\(166.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 529.18 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.80 529.18 Td (\(166.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.65 529.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 511.07 Td (Long-term portion of interest bearing debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.15 511.07 Td (2,281.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.15 511.07 Td (2,285.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 472.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.15 472.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 135.85 472.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 154.58 472.25 Td (as ) Tj ET Q q 0 0 0 rg BT 164.87 472.25 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 175.16 472.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 230.82 472.25 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 249.82 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.19 472.25 Td (is ) Tj ET Q q 0 0 0 rg BT 260.91 472.25 Td (repayable ) Tj ET Q q 0 0 0 rg BT 300.20 472.25 Td (as ) Tj ET Q q 0 0 0 rg BT 310.49 472.25 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 426.70 491.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 426.70 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 400.70 491.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 400.70 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 374.70 491.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 374.70 49.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 426.7 m 526.5 426.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 426.7 m 526.5 426.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 426.7 m 575.5 426.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 361.7 m 575.5 361.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 349.7 m 575.5 349.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 347.7 m 575.5 347.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.75 438.93 Td (Y) Tj ET Q q 0 0 0 rg BT 240.64 438.93 Td (ear) Tj ET Q q 0 0 0 rg BT 251.60 438.93 Td ( ending December) Tj ET Q q 0 0 0 rg BT 313.22 438.93 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.25 430.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.71 430.93 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 417.61 Td (2014) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.40 417.26 Td (166.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 404.61 Td (2015) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.40 404.26 Td (171.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 391.61 Td (2016) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.40 391.26 Td (166.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 378.61 Td (2017) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 543.25 378.26 Td (1,003.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 365.61 Td (2018 and thereafter) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.40 365.26 Td (939.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 352.77 Td (T) Tj ET Q q 0 0 0 rg BT 43.46 352.77 Td (otal debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 79.09 352.77 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.25 352.27 Td (2,447.9) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET 0 0 0 RG /GS0 gs 0.90 w 0 i [] 0 d 1 J 1 j 3 M 36 324.9633056640625 m 100.72607421875 324.9633056640625 l s q 0 0 0 rg BT 36.00 326.45 Td (Cr) Tj ET Q q 0 0 0 rg BT 46.91 326.45 Td (edit facilities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 302.45 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 302.45 Td (US$2,000 million senior secured credit facility ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 279.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 279.65 Td (In ) Tj ET Q q 0 0 0 rg BT 81.76 279.65 Td (April 201) Tj ET Q q 0 0 0 rg BT 118.09 279.65 Td (1, a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 134.18 279.65 Td ($2,000 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 190.13 279.65 Td ( senior secured credit facility was entered into with Seadrill to fund the Company) Tj ET Q q 0 0 0 rg BT 501.71 279.65 Td (s acquisition of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 44.21 268.25 Td (est Phoenix, ) Tj ET Q q 0 0 0 rg BT 92.85 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 101.06 268.25 Td (est Navigator) Tj ET Q q 0 0 0 rg BT 151.60 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 156.17 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 164.38 268.25 Td (est ) Tj ET Q q 0 0 0 rg BT 176.78 268.25 Td (Alpha, ) Tj ET Q q 0 0 0 rg BT 204.58 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 212.79 268.25 Td (estEpsilon, ) Tj ET Q q 0 0 0 rg BT 259.32 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 267.53 268.25 Td (est ) Tj ET Q q 0 0 0 rg BT 280.29 268.25 Td (V) Tj ET Q q 0 0 0 rg BT 286.09 268.25 Td (enture, ) Tj ET Q q 0 0 0 rg BT 314.41 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 322.62 268.25 Td (est Elara and ) Tj ET Q q 0 0 0 rg BT 373.88 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 382.09 268.25 Td (est Linus. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 245.45 Td (The ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.15 245.45 Td ($2,000 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 145.09 245.45 Td ( senior secured credit facility has a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.36 245.45 Td (six) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 290.45 245.45 Td ( year term payable quarterly with a balloon payment of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.01 245.45 Td ($1,000 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 557.96 245.45 Td ( at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 234.05 Td (maturity) Tj ET Q q 0 0 0 rg BT 67.57 234.05 Td (. ) Tj ET Q q 0 0 0 rg BT 72.15 234.05 Td (The loan bears interest of Libor plus ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 212.77 234.05 Td (2.0%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 232.56 234.05 Td (per annum. ) Tj ET Q BT /F2 9.50 Tf ET 0 0 0 RG /GS0 gs 0.90 w 0 i [] 0 d 1 J 1 j 3 M 36 209.7633056640625 m 198.94873046875 209.7633056640625 l s q 0 0 0 rg BT 36.00 211.25 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 69.60 211.25 Td (ed Bonds and convertible bonds) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 187.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 187.85 Td (NOK 1,500 million floating interest rate bonds) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 176.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 176.45 Td (On October 30, 2013, a NOK) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 184.13 176.45 Td (1,500 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 235.33 176.45 Td ( senior unsecured bond was issued with maturity date October 2018. ) Tj ET Q q 0 0 0 rg BT 497.41 176.45 Td (The bond bears ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 165.05 Td (interest at 3-months NIBOR plus a mar) Tj ET Q q 0 0 0 rg BT 185.17 165.05 Td (gin of 4.40%. ) Tj ET Q q 0 0 0 rg BT 239.09 165.05 Td (The net proceeds were used to repay the remaining outstanding amount under our ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 153.65 Td (Seadrill Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 164.41 153.65 Td (. Refer also to note 29 \(subsequent event\) for additional details.) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 36.00 130.85 Td ( ) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 130.85 Td ($500 million) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 121.36 130.85 Td ( Bond loan, subscribed in full by related party ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 119.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 119.45 Td (In ) Tj ET Q q 0 0 0 rg BT 81.76 119.45 Td (April 201) Tj ET Q q 0 0 0 rg BT 118.09 119.45 Td (1, a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 134.18 119.45 Td ($500 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 183.01 119.45 Td ( bond were entered into with Seadrill to fund the Company) Tj ET Q q 0 0 0 rg BT 409.38 119.45 Td (s acquisition of ) Tj ET Q q 0 0 0 rg BT 469.63 119.45 Td (W) Tj ET Q q 0 0 0 rg BT 477.84 119.45 Td (est Phoenix, ) Tj ET Q q 0 0 0 rg BT 526.49 119.45 Td (W) Tj ET Q q 0 0 0 rg BT 534.69 119.45 Td (est ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 108.05 Td (Navigator) Tj ET Q q 0 0 0 rg BT 73.61 108.05 Td (, ) Tj ET Q q 0 0 0 rg BT 78.19 108.05 Td (W) Tj ET Q q 0 0 0 rg BT 86.39 108.05 Td (est ) Tj ET Q q 0 0 0 rg BT 98.80 108.05 Td (Alpha, ) Tj ET Q q 0 0 0 rg BT 126.59 108.05 Td (W) Tj ET Q q 0 0 0 rg BT 134.80 108.05 Td (estEpsilon, ) Tj ET Q q 0 0 0 rg BT 181.34 108.05 Td (W) Tj ET Q q 0 0 0 rg BT 189.54 108.05 Td (est ) Tj ET Q q 0 0 0 rg BT 202.30 108.05 Td (V) Tj ET Q q 0 0 0 rg BT 208.11 108.05 Td (enture, ) Tj ET Q q 0 0 0 rg BT 236.42 108.05 Td (W) Tj ET Q q 0 0 0 rg BT 244.63 108.05 Td (est Elara and ) Tj ET Q q 0 0 0 rg BT 295.89 108.05 Td (W) Tj ET Q q 0 0 0 rg BT 304.10 108.05 Td (est Linus. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 85.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 85.25 Td (The ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.15 85.25 Td ($500 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 137.97 85.25 Td ( bond was issued to Seadrill in ) Tj ET Q q 0 0 0 rg BT 255.92 85.25 Td (April 201) Tj ET Q q 0 0 0 rg BT 292.25 85.25 Td (1 with a coupon of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 365.86 85.25 Td (7.75%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.40 85.25 Td (per annum payable semi-annually in arrears, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 73.85 Td (matures in full on March31, 2018 and must be repaid at par \() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 269.75 73.85 Td (100%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 291.91 73.85 Td (\)by the Company) Tj ET Q q 0 0 0 rg BT 359.63 73.85 Td (. On December 31, 2012 Seadrill sold it) Tj ET Q q 0 0 0 rg BT 513.46 73.85 Td (s North ) Tj ET Q q 0 0 0 rg BT 543.54 73.85 Td (Atlantic ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 62.45 Td (Drilling Ltd unsecured bond of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 156.58 62.45 Td ($500 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 205.40 62.45 Td ( to Metrogas, another related party) Tj ET Q q 0 0 0 rg BT 336.15 62.45 Td (, with a call option to repurchase the bond in full for a price ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 51.05 Td (equal to par plus unpaid accrued interest on the date of repurchase. On May 31, 2013, Seadrill exercised the option to repurchase the bond ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 39.65 Td (from Metrogas. Refer also to note 29 \(subsequent event\) for additional details.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-26) Tj ET Q BT /F2 9.50 Tf ET 0 0 0 RG /GS0 gs 0.90 w 0 i [] 0 d 1 J 1 j 3 M 36 736.5633056640625 m 115.166015625 736.5633056640625 l s q 0 0 0 rg BT 36.00 738.05 Td (Related party loans) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 36.00 714.65 Td ( ) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 714.65 Td ( $85 million unsecured revolving shareholder loan ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 703.25 Td (Seadrill has provided North ) Tj ET Q q 0 0 0 rg BT 179.12 703.25 Td (Atlantic an unsecured revolving shareholder loan of $85 million. ) Tj ET Q q 0 0 0 rg BT 427.48 703.25 Td (The maturity date is set to January 30, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 691.85 Td (2015. ) Tj ET Q q 0 0 0 rg BT 59.58 691.85 Td (The facility was increased from $200 million to $335 million on June 28, 2013, and then decreased to $85 million on November 20, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 680.45 Td (2013. ) Tj ET Q q 0 0 0 rg BT 59.58 680.45 Td (The terms of the remaining facility of $85 million are the same as stated in the original agreement dated March 30, 2012. ) Tj ET Q q 0 0 0 rg BT 521.61 680.45 Td (The interest is ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 669.05 Td (Libor plus ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 77.69 669.05 Td (3.0%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 97.48 669.05 Td (per annum. ) Tj ET Q q 0 0 0 rg BT 144.44 669.05 Td (Aggregate drawdowns and repayments on this facility during the year ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.01 669.05 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 511.67 669.05 Td ( were ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.88 669.05 Td ($489 ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 657.65 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 63.45 657.65 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 81.92 657.65 Td ($659 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 130.74 657.65 Td (, respectively) Tj ET Q q 0 0 0 rg BT 180.77 657.65 Td (. ) Tj ET Q q 0 0 0 rg BT 184.99 657.65 Td (As of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 208.22 657.65 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.87 657.65 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 287.62 657.65 Td ($5 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 326.95 657.65 Td ( of the facility was drawn. ) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 36.00 634.85 Td ( ) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 634.85 Td ($27.5 million) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 123.73 634.85 Td ( shareholder loan provided by related party) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 623.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 623.45 Td (On December 1, 2012, Seadrill provided North ) Tj ET Q q 0 0 0 rg BT 252.73 623.45 Td (Atlantic an unsecured loan facility of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.23 623.45 Td ($27.5 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 447.43 623.45 Td (. ) Tj ET Q q 0 0 0 rg BT 452.01 623.45 Td (The loan had an fixed interest ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 612.05 Td (rate of 4.0%. ) Tj ET Q q 0 0 0 rg BT 87.27 612.05 Td (The loan was settled in full on June 28, 2013.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 589.25 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 589.25 Td (SFL) Tj ET Q q 0 0 0 rg BT 89.07 589.25 Td ( Linus Ltd) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 577.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 577.85 Td (Ship Finance granted the ) Tj ET Q q 0 0 0 rg BT 168.92 577.85 Td (VIE company) Tj ET Q q 0 0 0 rg BT 221.33 577.85 Td (, SF Linus Ltd, a loan of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 316.59 577.85 Td ($195 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 365.41 577.85 Td ( on June28, 2013. ) Tj ET Q q 0 0 0 rg BT 437.28 577.85 Td (The maturity date is June 30, 2029. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 566.45 Td (Refer also to note 27 \(V) Tj ET Q q 0 0 0 rg BT 126.49 566.45 Td (ariable Interest Entity\) for additional details,) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 543.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 543.65 Td (On October 17, 2013, SFL) Tj ET Q q 0 0 0 rg BT 172.98 543.65 Td ( Linus Ltd entered into a $475 million secured term loan and revolving credit) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 532.25 Td (facility with a syndicate of banks to fund the acquisition of ) Tj ET Q q 0 0 0 rg BT 261.93 532.25 Td (W) Tj ET Q q 0 0 0 rg BT 270.14 532.25 Td (est Linus, which has been pledged as security) Tj ET Q q 0 0 0 rg BT 442.59 532.25 Td (. SFL) Tj ET Q q 0 0 0 rg BT 463.36 532.25 Td ( Linus Ltd will not be able to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 520.85 Td (draw down on the loan until it has taken delivery of the rig and various customary conditions, as specified in the loan) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 509.45 Td (agreement, have been satisfied. ) Tj ET Q q 0 0 0 rg BT 157.17 509.45 Td (The rig was delivered February 18, 2013. Refer also to note 29 \(subsequent event\) for additional details.The ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 498.05 Td (facility will bear interest at LIBOR plus 2.75% per annum and is repayable over a term of five years with a balloon of $192 payable at the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 486.65 Td (maturity date. SFL) Tj ET Q q 0 0 0 rg BT 107.16 486.65 Td ( Linus entered into interest swap arrangements in July) Tj ET Q q 0 0 0 rg BT 311.80 486.65 Td (, 2013, in order to mitigate exposure to variability in cash flows for ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 475.25 Td (future interest payments on this loan. Refer also to note 25 \(Risk management and financial instruments\) for additional details.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 72.00 427.85 Td ( ) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 36.00 416.45 Td (Covenants on loans and bonds) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 393.65 Td (Bank Loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 370.85 Td (In ) Tj ET Q q 0 0 0 rg BT 82.98 370.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.18 370.85 Td (to ) Tj ET Q q 0 0 0 rg BT 127.63 370.85 Td (security ) Tj ET Q q 0 0 0 rg BT 160.77 370.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 197.61 370.85 Td (to ) Tj ET Q q 0 0 0 rg BT 208.06 370.85 Td (lenders ) Tj ET Q q 0 0 0 rg BT 238.56 370.85 Td (in ) Tj ET Q q 0 0 0 rg BT 249.02 370.85 Td (the ) Tj ET Q q 0 0 0 rg BT 263.69 370.85 Td (form ) Tj ET Q q 0 0 0 rg BT 285.22 370.85 Td (of ) Tj ET Q q 0 0 0 rg BT 296.20 370.85 Td (pledged ) Tj ET Q q 0 0 0 rg BT 329.34 370.85 Td (assets, ) Tj ET Q q 0 0 0 rg BT 356.94 370.85 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 371.61 370.85 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 400.80 370.85 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 428.25 370.85 Td ( ) Tj ET Q q 0 0 0 rg BT 431.31 370.85 Td (senior ) Tj ET Q q 0 0 0 rg BT 457.60 370.85 Td (secured ) Tj ET Q q 0 0 0 rg BT 489.67 370.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 514.36 370.85 Td (facility ) Tj ET Q q 0 0 0 rg BT 544.34 370.85 Td (contains ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 359.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 71.61 359.45 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 114.35 359.45 Td (including ) Tj ET Q q 0 0 0 rg BT 152.61 359.45 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 359.45 Td (following:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 336.65 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 336.65 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 112.45 336.65 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 147.09 336.65 Td (requirement: ) Tj ET Q q 0 0 0 rg BT 198.07 336.65 Td (to ) Tj ET Q q 0 0 0 rg BT 207.91 336.65 Td (maintain ) Tj ET Q q 0 0 0 rg BT 243.60 336.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 262.92 336.65 Td (and ) Tj ET Q q 0 0 0 rg BT 279.08 336.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 298.41 336.65 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 344.12 336.65 Td (of ) Tj ET Q q 0 0 0 rg BT 354.48 336.65 Td (at ) Tj ET Q q 0 0 0 rg BT 363.78 336.65 Td (least ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 383.64 336.65 Td ($75 ) Tj ET Q q 0 0 0 rg BT 400.33 336.65 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 427.78 336.65 Td ( ) Tj ET Q q 0 0 0 rg BT 430.22 336.65 Td (within ) Tj ET Q q 0 0 0 rg BT 456.95 336.65 Td (the ) Tj ET Q q 0 0 0 rg BT 471.00 336.65 Td (group, ) Tj ET Q q 0 0 0 rg BT 497.98 336.65 Td (measured ) Tj ET Q q 0 0 0 rg BT 536.83 336.65 Td (on ) Tj ET Q q 0 0 0 rg BT 548.77 336.65 Td (the ) Tj ET Q q 0 0 0 rg BT 562.82 336.65 Td (last ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 325.25 Td (day ) Tj ET Q q 0 0 0 rg BT 88.09 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.38 325.25 Td (each ) Tj ET Q q 0 0 0 rg BT 118.16 325.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 141.10 325.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 167.48 325.25 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 302.45 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 302.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 102.86 302.45 Td (coverage ) Tj ET Q q 0 0 0 rg BT 139.52 302.45 Td (ratio: ) Tj ET Q q 0 0 0 rg BT 161.94 302.45 Td (to ) Tj ET Q q 0 0 0 rg BT 171.71 302.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 207.32 302.45 Td (an ) Tj ET Q q 0 0 0 rg BT 218.67 302.45 Td (EBITDA) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 253.49 306.75 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 256.58 302.45 Td ( ) Tj ET Q q 0 0 0 rg BT 258.96 302.45 Td (to ) Tj ET Q q 0 0 0 rg BT 268.72 302.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 299.06 302.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 332.03 302.45 Td (ratio ) Tj ET Q q 0 0 0 rg BT 351.82 302.45 Td (of ) Tj ET Q q 0 0 0 rg BT 362.11 302.45 Td (at ) Tj ET Q q 0 0 0 rg BT 371.34 302.45 Td (least ) Tj ET Q q 0 0 0 rg BT 391.12 302.45 Td (3.0:1.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 279.65 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 279.65 Td (Current ) Tj ET Q q 0 0 0 rg BT 104.35 279.65 Td (ratio: ) Tj ET Q q 0 0 0 rg BT 127.72 279.65 Td (to ) Tj ET Q q 0 0 0 rg BT 138.44 279.65 Td (maintain ) Tj ET Q q 0 0 0 rg BT 175.01 279.65 Td (current ) Tj ET Q q 0 0 0 rg BT 205.24 279.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.73 279.65 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 274.68 279.65 Td (minimum ) Tj ET Q q 0 0 0 rg BT 314.96 279.65 Td (liquidity\) ) Tj ET Q q 0 0 0 rg BT 353.65 279.65 Td (to ) Tj ET Q q 0 0 0 rg BT 364.36 279.65 Td (current ) Tj ET Q q 0 0 0 rg BT 394.59 279.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 433.28 279.65 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 477.23 279.65 Td (the ) Tj ET Q q 0 0 0 rg BT 492.16 279.65 Td (current ) Tj ET Q q 0 0 0 rg BT 522.39 279.65 Td (portion ) Tj ET Q q 0 0 0 rg BT 553.16 279.65 Td (of ) Tj ET Q q 0 0 0 rg BT 564.40 279.65 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 268.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 116.73 268.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 156.56 268.25 Td (debt\) ) Tj ET Q q 0 0 0 rg BT 178.46 268.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 198.24 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.53 268.25 Td (at ) Tj ET Q q 0 0 0 rg BT 217.76 268.25 Td (least ) Tj ET Q q 0 0 0 rg BT 237.55 268.25 Td (1:1.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 245.45 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 245.45 Td (Equity ratio: to maintain total equity to total assets ratio of at least 25.0% throughout 201) Tj ET Q q 0 0 0 rg BT 410.43 245.45 Td (1 and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 433.65 245.45 Td (30.0%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.19 245.45 Td ( thereafter) Tj ET Q q 0 0 0 rg BT 496.42 245.45 Td (. Both equity and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 234.05 Td (total assets are adjusted for the dif) Tj ET Q q 0 0 0 rg BT 201.62 234.05 Td (ference between book value and market values of drilling rigs.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 211.25 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 211.25 Td (Leverage ratio: to maintain a ratio of net debt to EBITDA) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 291.49 215.55 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 294.57 211.25 Td ( no greater than 5:1 until and including the fourth quarter of 2014 and not ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 199.85 Td (exceed 4.5:1 thereafter) Tj ET Q q 0 0 0 rg BT 158.25 199.85 Td (. Net debt is calculated as all interest bearing debt less cash and cash equivalents excluding minimum ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 188.45 Td (liquidity requirements.) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 72.00 169.95 Td (\(1\) ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 165.65 Td (For ) Tj ET Q q 0 0 0 rg BT 105.51 165.65 Td (the ) Tj ET Q q 0 0 0 rg BT 119.43 165.65 Td (purposes ) Tj ET Q q 0 0 0 rg BT 155.51 165.65 Td (of ) Tj ET Q q 0 0 0 rg BT 165.74 165.65 Td (the ) Tj ET Q q 0 0 0 rg BT 179.65 165.65 Td (above ) Tj ET Q q 0 0 0 rg BT 204.65 165.65 Td (tests, ) Tj ET Q q 0 0 0 rg BT 226.23 165.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 260.53 165.65 Td ( ) Tj ET Q q 0 0 0 rg BT 262.84 165.65 Td (is ) Tj ET Q q 0 0 0 rg BT 271.49 165.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 302.29 165.65 Td (as ) Tj ET Q q 0 0 0 rg BT 312.51 165.65 Td (the ) Tj ET Q q 0 0 0 rg BT 326.43 165.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 360.92 165.65 Td (before ) Tj ET Q q 0 0 0 rg BT 387.50 165.65 Td (interest, ) Tj ET Q q 0 0 0 rg BT 420.14 165.65 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 444.35 165.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 493.61 165.65 Td (and ) Tj ET Q q 0 0 0 rg BT 509.64 165.65 Td (amortization ) Tj ET Q q 0 0 0 rg BT 559.96 165.65 Td (on ) Tj ET Q q 0 0 0 rg BT 571.77 165.65 Td (a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 154.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 139.80 154.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 160.58 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 173.44 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.82 154.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 221.32 154.25 Td (period ) Tj ET Q q 0 0 0 rg BT 247.37 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.06 154.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 284.17 154.25 Td (month ) Tj ET Q q 0 0 0 rg BT 310.23 154.25 Td (period ) Tj ET Q q 0 0 0 rg BT 336.28 154.25 Td (as ) Tj ET Q q 0 0 0 rg BT 345.97 154.25 Td (such ) Tj ET Q q 0 0 0 rg BT 365.17 154.25 Td (term ) Tj ET Q q 0 0 0 rg BT 384.36 154.25 Td (is ) Tj ET Q q 0 0 0 rg BT 392.47 154.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 422.74 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.91 154.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 476.41 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 495.08 154.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 538.54 154.25 Td (principles ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 142.85 Td (consistently ) Tj ET Q q 0 0 0 rg BT 137.94 142.85 Td (applied. ) Tj ET Q q 0 0 0 rg BT 170.83 142.85 Td (However) Tj ET Q q 0 0 0 rg BT 205.26 142.85 Td (, ) Tj ET Q q 0 0 0 rg BT 210.19 142.85 Td (in ) Tj ET Q q 0 0 0 rg BT 220.13 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 234.29 142.85 Td (event ) Tj ET Q q 0 0 0 rg BT 257.41 142.85 Td (that ) Tj ET Q q 0 0 0 rg BT 274.21 142.85 Td (we ) Tj ET Q q 0 0 0 rg BT 287.83 142.85 Td (acquire ) Tj ET Q q 0 0 0 rg BT 318.34 142.85 Td (rigs ) Tj ET Q q 0 0 0 rg BT 335.14 142.85 Td (or ) Tj ET Q q 0 0 0 rg BT 345.60 142.85 Td (rig ) Tj ET Q q 0 0 0 rg BT 358.71 142.85 Td (owning ) Tj ET Q q 0 0 0 rg BT 389.76 142.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 419.75 142.85 Td (with ) Tj ET Q q 0 0 0 rg BT 439.19 142.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 477.09 142.85 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 511.39 142.85 Td ( ) Tj ET Q q 0 0 0 rg BT 513.94 142.85 Td (available ) Tj ET Q q 0 0 0 rg BT 550.78 142.85 Td (for ) Tj ET Q q 0 0 0 rg BT 564.41 142.85 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 131.45 Td (rigs' ) Tj ET Q q 0 0 0 rg BT 108.81 131.45 Td (previous ) Tj ET Q q 0 0 0 rg BT 144.38 131.45 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 189.18 131.45 Td (such ) Tj ET Q q 0 0 0 rg BT 209.45 131.45 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 243.75 131.45 Td ( ) Tj ET Q q 0 0 0 rg BT 246.60 131.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 267.40 131.45 Td (be ) Tj ET Q q 0 0 0 rg BT 279.21 131.45 Td (included ) Tj ET Q q 0 0 0 rg BT 314.78 131.45 Td (for ) Tj ET Q q 0 0 0 rg BT 328.71 131.45 Td (covenant ) Tj ET Q q 0 0 0 rg BT 365.85 131.45 Td (purposes ) Tj ET Q q 0 0 0 rg BT 402.47 131.45 Td (in ) Tj ET Q q 0 0 0 rg BT 412.71 131.45 Td (the ) Tj ET Q q 0 0 0 rg BT 427.17 131.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 460.61 131.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 505.15 131.45 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 553.64 131.45 Td (and ) Tj ET Q q 0 0 0 rg BT 570.20 131.45 Td (if ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 120.05 Td (necessary) Tj ET Q q 0 0 0 rg BT 126.31 120.05 Td (, ) Tj ET Q q 0 0 0 rg BT 131.41 120.05 Td (be ) Tj ET Q q 0 0 0 rg BT 143.10 120.05 Td (annualized ) Tj ET Q q 0 0 0 rg BT 186.98 120.05 Td (to ) Tj ET Q q 0 0 0 rg BT 197.09 120.05 Td (represent ) Tj ET Q q 0 0 0 rg BT 234.63 120.05 Td (a ) Tj ET Q q 0 0 0 rg BT 241.58 120.05 Td (twelve ) Tj ET Q q 0 0 0 rg BT 269.63 120.05 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 288.18 120.05 Td (months ) Tj ET Q q 0 0 0 rg BT 318.88 120.05 Td (historical ) Tj ET Q q 0 0 0 rg BT 356.96 120.05 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 396.89 120.05 Td (In ) Tj ET Q q 0 0 0 rg BT 407.53 120.05 Td (the ) Tj ET Q q 0 0 0 rg BT 421.87 120.05 Td (event ) Tj ET Q q 0 0 0 rg BT 445.17 120.05 Td (that ) Tj ET Q q 0 0 0 rg BT 462.14 120.05 Td (we ) Tj ET Q q 0 0 0 rg BT 475.94 120.05 Td (acquire ) Tj ET Q q 0 0 0 rg BT 506.62 120.05 Td (rigs ) Tj ET Q q 0 0 0 rg BT 523.60 120.05 Td (or ) Tj ET Q q 0 0 0 rg BT 534.24 120.05 Td (rig ) Tj ET Q q 0 0 0 rg BT 547.52 120.05 Td (owning ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 108.65 Td (companies ) Tj ET Q q 0 0 0 rg BT 132.82 108.65 Td (without ) Tj ET Q q 0 0 0 rg BT 164.04 108.65 Td (historical ) Tj ET Q q 0 0 0 rg BT 201.59 108.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 235.89 108.65 Td ( ) Tj ET Q q 0 0 0 rg BT 238.08 108.65 Td (available, ) Tj ET Q q 0 0 0 rg BT 276.93 108.65 Td (we ) Tj ET Q q 0 0 0 rg BT 290.20 108.65 Td (are ) Tj ET Q q 0 0 0 rg BT 303.99 108.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 334.68 108.65 Td (to ) Tj ET Q q 0 0 0 rg BT 344.26 108.65 Td (base ) Tj ET Q q 0 0 0 rg BT 363.33 108.65 Td (a ) Tj ET Q q 0 0 0 rg BT 369.74 108.65 Td (twelve ) Tj ET Q q 0 0 0 rg BT 397.26 108.65 Td (month ) Tj ET Q q 0 0 0 rg BT 423.73 108.65 Td (historical ) Tj ET Q q 0 0 0 rg BT 461.27 108.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 495.58 108.65 Td ( ) Tj ET Q q 0 0 0 rg BT 497.77 108.65 Td (calculation ) Tj ET Q q 0 0 0 rg BT 541.63 108.65 Td (on ) Tj ET Q q 0 0 0 rg BT 553.33 108.65 Td (future ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 97.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 127.97 97.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 162.28 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.91 97.25 Td (only ) Tj ET Q q 0 0 0 rg BT 184.43 97.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 213.97 97.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.99 97.25 Td (any ) Tj ET Q q 0 0 0 rg BT 240.34 97.25 Td (new ) Tj ET Q q 0 0 0 rg BT 258.79 97.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 271.98 97.25 Td (having ) Tj ET Q q 0 0 0 rg BT 300.46 97.25 Td (a ) Tj ET Q q 0 0 0 rg BT 307.31 97.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 326.30 97.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 355.30 97.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 388.52 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.54 97.25 Td (place ) Tj ET Q q 0 0 0 rg BT 421.21 97.25 Td (at ) Tj ET Q q 0 0 0 rg BT 430.70 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.93 97.25 Td (time ) Tj ET Q q 0 0 0 rg BT 464.45 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.99 97.25 Td (such ) Tj ET Q q 0 0 0 rg BT 495.04 97.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 529.34 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.97 97.25 Td (calculation. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 85.85 Td (Further) Tj ET Q q 0 0 0 rg BT 117.59 85.85 Td (, ) Tj ET Q q 0 0 0 rg BT 122.51 85.85 Td (it ) Tj ET Q q 0 0 0 rg BT 130.34 85.85 Td (is ) Tj ET Q q 0 0 0 rg BT 139.22 85.85 Td (agreed ) Tj ET Q q 0 0 0 rg BT 167.09 85.85 Td (that ) Tj ET Q q 0 0 0 rg BT 183.88 85.85 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 218.19 85.85 Td ( ) Tj ET Q q 0 0 0 rg BT 220.73 85.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 241.23 85.85 Td (include ) Tj ET Q q 0 0 0 rg BT 271.74 85.85 Td (any ) Tj ET Q q 0 0 0 rg BT 288.00 85.85 Td (realized ) Tj ET Q q 0 0 0 rg BT 320.61 85.85 Td (gains ) Tj ET Q q 0 0 0 rg BT 343.22 85.85 Td (and/or ) Tj ET Q q 0 0 0 rg BT 370.03 85.85 Td (losses ) Tj ET Q q 0 0 0 rg BT 395.28 85.85 Td (in ) Tj ET Q q 0 0 0 rg BT 405.22 85.85 Td (respect ) Tj ET Q q 0 0 0 rg BT 434.67 85.85 Td (of ) Tj ET Q q 0 0 0 rg BT 445.13 85.85 Td (the ) Tj ET Q q 0 0 0 rg BT 459.29 85.85 Td (disposal ) Tj ET Q q 0 0 0 rg BT 492.98 85.85 Td (of ) Tj ET Q q 0 0 0 rg BT 503.44 85.85 Td (rigs ) Tj ET Q q 0 0 0 rg BT 520.24 85.85 Td (or ) Tj ET Q q 0 0 0 rg BT 530.70 85.85 Td (the ) Tj ET Q q 0 0 0 rg BT 544.86 85.85 Td (disposal ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 90.00 74.45 Td (of ) Tj ET Q q 0 0 0 rg BT 100.29 74.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 126.41 74.45 Td (in ) Tj ET Q q 0 0 0 rg BT 136.17 74.45 Td (rig ) Tj ET Q q 0 0 0 rg BT 149.10 74.45 Td (owning ) Tj ET Q q 0 0 0 rg BT 179.97 74.45 Td (companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 39.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 39.65 Td ( For the $475 million secured term loan and revolving credit facility) Tj ET Q q 0 0 0 rg BT 343.78 39.65 Td (, the main financial covenants contained are as follows:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-27) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 738.05 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 738.05 Td (Ship Finance is required to maintain cash and cash equivalents of at least $25 million.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 715.25 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 715.25 Td (Ship Finance is required to maintain positive working capital.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 692.45 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 692.45 Td (Ship Finance is required to have a ratio of total liabilities to total assets of at least 0.8 to 1.0 at the end of each quarter) Tj ET Q q 0 0 0 rg BT 517.60 692.45 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 669.65 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 669.65 Td (Seadrill is required to maintain cash and cash equivalents of at least $150 million.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 646.85 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 646.85 Td (Seadrill is required to maintain a leverage ratio of maximum 4.5 to 1.0.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 624.05 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 624.05 Td (Seadrill is required to maintain an interest coverage ratio of 2.5 to 1.0.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 601.25 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 601.25 Td (Seadrill is required to maintain a current ratio of at least 1.0 to 1.0.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 578.45 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 578.45 Td (Seadrill is required to maintain an equity ratio of at least 30%. Both equity and total assets are adjusted for the dif) Tj ET Q q 0 0 0 rg BT 503.45 578.45 Td (ference between ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 567.05 Td (book value and market values of drilling rigs.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 544.25 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 544.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.21 544.25 Td (e are required to comply with the same covenants set forth in our $2,000 Million Senior Secured Credit Facility and described ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 532.85 Td (above.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 498.65 Td (As ) Tj ET Q q 0 0 0 rg BT 84.93 498.65 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 95.22 498.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.88 498.65 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 169.88 498.65 Td (, ) Tj ET Q q 0 0 0 rg BT 174.63 498.65 Td (the ) Tj ET Q q 0 0 0 rg BT 188.61 498.65 Td (Company) Tj ET Q q 0 0 0 rg BT 224.94 498.65 Td (, ) Tj ET Q q 0 0 0 rg BT 229.69 498.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 261.61 498.65 Td (and ) Tj ET Q q 0 0 0 rg BT 277.70 498.65 Td (Ship ) Tj ET Q q 0 0 0 rg BT 297.50 498.65 Td (Finance ) Tj ET Q q 0 0 0 rg BT 329.95 498.65 Td (are ) Tj ET Q q 0 0 0 rg BT 343.92 498.65 Td (in ) Tj ET Q q 0 0 0 rg BT 353.69 498.65 Td (compliance ) Tj ET Q q 0 0 0 rg BT 399.85 498.65 Td (with ) Tj ET Q q 0 0 0 rg BT 419.11 498.65 Td (the ) Tj ET Q q 0 0 0 rg BT 433.09 498.65 Td (bank ) Tj ET Q q 0 0 0 rg BT 453.94 498.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 472.67 498.65 Td (covenants.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 464.45 Td (Bonds) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 441.65 Td (For the Company's outstanding bonds, the main covenants are as follows:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 418.25 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 418.25 Td (Equity Ratio: to maintain a total equity to total assets ratio of at least 25% and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 371.20 418.25 Td (30%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 388.61 418.25 Td (, for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.79 418.25 Td ($500 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.18 418.25 Td ( bond and the NOK1,500 ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 406.85 Td (million bond respectively) Tj ET Q q 0 0 0 rg BT 168.48 406.85 Td (. Both equity and total assets are adjusted for the dif) Tj ET Q q 0 0 0 rg BT 365.92 406.85 Td (ference between book value and market values of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 395.45 Td (drilling rigs.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.00 372.05 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 372.05 Td (Minimum liquidity requirement: to maintain cash and cash equivalents of at least ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 382.80 372.05 Td ($50 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 426.87 372.05 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 445.34 372.05 Td ($75 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.41 372.05 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.22 372.05 Td ($500 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 570.61 372.05 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 360.65 Td (bond and the NOK1500 million bond respectively) Tj ET Q q 0 0 0 rg BT 261.88 360.65 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 337.85 Td (As ) Tj ET Q q 0 0 0 rg BT 84.93 337.85 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 95.22 337.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.88 337.85 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 169.88 337.85 Td (, ) Tj ET Q q 0 0 0 rg BT 174.63 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 188.61 337.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.93 337.85 Td (is ) Tj ET Q q 0 0 0 rg BT 236.64 337.85 Td (in ) Tj ET Q q 0 0 0 rg BT 246.40 337.85 Td (compliance ) Tj ET Q q 0 0 0 rg BT 292.56 337.85 Td (with ) Tj ET Q q 0 0 0 rg BT 311.83 337.85 Td (all ) Tj ET Q q 0 0 0 rg BT 323.70 337.85 Td (of ) Tj ET Q q 0 0 0 rg BT 333.99 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 347.97 337.85 Td (covenants ) Tj ET Q q 0 0 0 rg BT 388.33 337.85 Td (under ) Tj ET Q q 0 0 0 rg BT 412.34 337.85 Td (its ) Tj ET Q q 0 0 0 rg BT 423.69 337.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 470.40 337.85 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 497.85 337.85 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 316.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 57.37 316.60 Td (18 ) Tj ET Q q 0 0 0 rg BT 73.99 316.60 Td (Other) Tj ET Q q 0 0 0 rg BT 98.09 316.60 Td ( ) Tj ET Q q 0 0 0 rg BT 100.46 316.60 Td (curr) Tj ET Q q 0 0 0 rg BT 118.23 316.60 Td (ent ) Tj ET Q q 0 0 0 rg BT 133.27 316.60 Td (liabilities) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 256.70 376.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 256.70 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 256.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 256.70 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 228.70 376.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 228.70 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 228.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 228.70 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 200.70 376.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 200.70 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 200.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 200.70 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 270.70000000000005 m 412.5 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 270.70000000000005 m 492.5 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 270.70000000000005 m 496.5 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 270.70000000000005 m 576.5 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 172.70000000000005 m 412.5 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 159.70000000000005 m 412.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 157.70000000000005 m 412.5 157.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 172.70000000000005 m 492.5 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 159.70000000000005 m 492.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 157.70000000000005 m 492.5 157.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 172.70000000000005 m 496.5 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 159.70000000000005 m 496.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 157.70000000000005 m 496.5 157.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 172.70000000000005 m 576.5 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 159.70000000000005 m 576.5 159.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 157.70000000000005 m 576.5 157.70000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.00 282.93 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 274.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 274.93 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.75 274.93 Td (December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 247.26 Td (Derivative financial instruments ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 163.79 251.57 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 247.26 Td (59.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 247.26 Td (69.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 233.26 Td (Accrued interest expense) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 233.26 Td (19.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 233.26 Td (17.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 219.26 Td (Accrued expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 219.26 Td (79.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 219.26 Td (119.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 205.26 Td (Employee withheld taxes, social security and vacation payment) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 205.26 Td (46.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 205.26 Td (36.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 191.26 Td (Short term portion of deferred revenues) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 191.26 Td (19.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 191.26 Td (13.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 177.26 Td (Uncertain tax positions) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.30 177.26 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 177.26 Td (142.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 163.27 Td (Total other current liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.40 163.27 Td (223.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 551.40 163.27 Td (398.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 136.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 136.40 Td (Derivative financial instruments consist of unrealized losses on interest rate swaps, cross currency swaps and foreignexchange rate ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 125.00 Td (forwards. ) Tj ET Q q 0 0 0 rg BT 109.99 125.00 Td (Additional disclosure has been provided in Note 25.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 103.60 Td (Note 19 Other) Tj ET Q q 0 0 0 rg BT 100.46 103.60 Td ( non-curr) Tj ET Q q 0 0 0 rg BT 139.08 103.60 Td (ent liabilities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-28) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 37.00 718.50 373.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 718.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 718.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 718.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 37.00 688.50 373.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 688.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 688.50 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37 733.5 m 410 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 733.5 m 490 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 733.5 m 494 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 733.5 m 574 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37 688.5 m 410 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37 674.5 m 410 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37 672.5 m 410 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 688.5 m 490 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 674.5 m 490 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 672.5 m 490 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 688.5 m 494 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 674.5 m 494 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 672.5 m 494 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 688.5 m 574 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 674.5 m 574 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 672.5 m 574 672.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.00 745.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.75 737.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 737.73 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.25 737.73 Td (December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.50 708.06 Td (Deferred revenue) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 469.50 708.06 Td (33.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.50 708.06 Td (40.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.50 693.06 Td (Derivative financial instruments) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 161.91 697.37 Td (\(1\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 474.25 693.06 Td (2.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.65 693.06 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.50 678.07 Td (Total non-current liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 469.50 678.07 Td (35.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 553.50 678.07 Td (40.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 638.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 50.16 638.00 Td ( ) Tj ET Q q 0 0 0 rg BT 52.66 638.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 638.00 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 116.63 638.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.04 638.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 203.13 638.00 Td (consist ) Tj ET Q q 0 0 0 rg BT 233.33 638.00 Td (of ) Tj ET Q q 0 0 0 rg BT 244.09 638.00 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 288.16 638.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 314.48 638.00 Td (on ) Tj ET Q q 0 0 0 rg BT 326.90 638.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.76 638.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 376.17 638.00 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 405.01 638.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 450.21 638.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 493.18 638.00 Td (has ) Tj ET Q q 0 0 0 rg BT 508.94 638.00 Td (been ) Tj ET Q q 0 0 0 rg BT 530.24 638.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 568.22 638.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 626.00 Td (Note25.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 603.60 Td (Note 20 Common shar) Tj ET Q q 0 0 0 rg BT 133.99 603.60 Td (es) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 592.20 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 549.70 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 549.70 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 549.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 549.70 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 549.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 549.70 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 549.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 549.70 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 522.70 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 522.70 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 522.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 522.70 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 522.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 522.70 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 522.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 522.70 67.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 509.70 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 492.70 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 492.70 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 492.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 492.70 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 492.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 492.70 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 492.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 492.70 67.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 569.7 m 287.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 549.7 m 287.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 569.7 m 363.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 549.7 m 363.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 569.7 m 367.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 549.7 m 367.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 569.7 m 433.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 549.7 m 433.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 569.7 m 437.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 549.7 m 437.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 569.7 m 504.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 549.7 m 504.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 569.7 m 508.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 549.7 m 508.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 569.7 m 575.5 569.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 549.7 m 575.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 492.7 m 287.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 479.7 m 287.5 479.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 492.7 m 363.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 479.7 m 363.5 479.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 492.7 m 367.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 479.7 m 367.5 479.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 492.7 m 433.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 479.7 m 433.5 479.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 492.7 m 437.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 479.7 m 437.5 479.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 492.7 m 504.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 479.7 m 504.5 479.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 492.7 m 508.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 479.7 m 508.5 479.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 492.7 m 575.5 492.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 479.7 m 575.5 479.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 573.78 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.25 573.78 Td (December 31, 2012) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 38.00 561.78 Td (All shares are common shares of $5.00 par value each) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 161.00 553.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.50 553.93 Td (Shar) Tj ET Q q 0 0 0 rg BT 329.80 553.93 Td (es) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.47 553.93 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 553.93 Td (US$ millions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.64 553.93 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.50 553.93 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.30 553.93 Td (US$ millions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 540.96 Td (Authorized share capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 540.27 Td (400,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 540.27 Td (2,000.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 540.27 Td (400,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 540.27 Td (2,000.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 513.96 Td (Issued and fully paid share capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 513.27 Td (230,003,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 513.27 Td (1,150.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 513.27 Td (230,003,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 513.27 Td (1,150.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 500.96 Td (Treasury shares held by Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 500.32 Td (\(2,373,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 500.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.80 500.32 Td (\(11.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 500.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.30 500.32 Td (\(2,373,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 500.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 500.27 Td (\(11.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 500.27 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 484.10 Td (Outstanding shares in issue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 483.43 Td (227,629,137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 483.43 Td (1,138.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.60 483.43 Td (227,629,137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 483.43 Td (1,138.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 457.40 Td (As ) Tj ET Q q 0 0 0 rg BT 84.44 457.40 Td (of ) Tj ET Q q 0 0 0 rg BT 94.24 457.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 149.40 457.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 172.66 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 186.15 457.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 230.38 457.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.00 457.40 Td (were ) Tj ET Q q 0 0 0 rg BT 276.34 457.40 Td (listed ) Tj ET Q q 0 0 0 rg BT 298.81 457.40 Td (on ) Tj ET Q q 0 0 0 rg BT 310.19 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.68 457.40 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 367.77 457.40 Td (OTC ) Tj ET Q q 0 0 0 rg BT 388.65 457.40 Td (list. ) Tj ET Q q 0 0 0 rg BT 404.53 457.40 Td (On ) Tj ET Q q 0 0 0 rg BT 418.02 457.40 Td (January ) Tj ET Q q 0 0 0 rg BT 449.45 457.40 Td (29, ) Tj ET Q q 0 0 0 rg BT 463.21 457.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 486.46 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.95 457.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 538.78 457.40 Td (was ) Tj ET Q q 0 0 0 rg BT 555.43 457.40 Td (listed ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 446.00 Td (on ) Tj ET Q q 0 0 0 rg BT 48.52 446.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.14 446.00 Td (New ) Tj ET Q q 0 0 0 rg BT 83.65 446.00 Td (Y) Tj ET Q q 0 0 0 rg BT 89.56 446.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 105.23 446.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 129.89 446.00 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 172.74 446.00 Td (Refer ) Tj ET Q q 0 0 0 rg BT 196.85 446.00 Td (also ) Tj ET Q q 0 0 0 rg BT 215.17 446.00 Td (to ) Tj ET Q q 0 0 0 rg BT 225.57 446.00 Td (note ) Tj ET Q q 0 0 0 rg BT 244.95 446.00 Td (29 ) Tj ET Q q 0 0 0 rg BT 257.46 446.00 Td (\(subsequent ) Tj ET Q q 0 0 0 rg BT 305.86 446.00 Td (event\) ) Tj ET Q q 0 0 0 rg BT 332.61 446.00 Td (for ) Tj ET Q q 0 0 0 rg BT 346.71 446.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 387.72 446.00 Td (details. ) Tj ET Q q 0 0 0 rg BT 417.69 446.00 Td (The ) Tj ET Q q 0 0 0 rg BT 435.48 446.00 Td (total ) Tj ET Q q 0 0 0 rg BT 455.38 446.00 Td (number ) Tj ET Q q 0 0 0 rg BT 487.41 446.00 Td (of ) Tj ET Q q 0 0 0 rg BT 498.34 446.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 525.10 446.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 551.87 446.00 Td (by ) Tj ET Q q 0 0 0 rg BT 564.38 446.00 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 434.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 75.49 434.60 Td (as ) Tj ET Q q 0 0 0 rg BT 85.95 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.41 434.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.24 434.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 173.79 434.60 Td (consisted ) Tj ET Q q 0 0 0 rg BT 211.69 434.60 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 222.15 434.60 Td (3,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 243.53 434.60 Td ( ) Tj ET Q q 0 0 0 rg BT 246.07 434.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 272.36 434.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 298.66 434.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 320.21 434.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 360.22 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.68 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.83 434.60 Td (Company) Tj ET Q q 0 0 0 rg BT 421.16 434.60 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 426.08 434.60 Td (50,000,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.83 434.60 Td ( ) Tj ET Q q 0 0 0 rg BT 471.37 434.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 497.66 434.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 523.96 434.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.90 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 548.05 434.60 Td (general ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 423.20 Td (public ) Tj ET Q q 0 0 0 rg BT 62.59 423.20 Td (in ) Tj ET Q q 0 0 0 rg BT 72.83 423.20 Td (a ) Tj ET Q q 0 0 0 rg BT 79.89 423.20 Td (private ) Tj ET Q q 0 0 0 rg BT 109.11 423.20 Td (placement ) Tj ET Q q 0 0 0 rg BT 150.99 423.20 Td (during ) Tj ET Q q 0 0 0 rg BT 178.64 423.20 Td (February ) Tj ET Q q 0 0 0 rg BT 215.78 423.20 Td (201) Tj ET Q q 0 0 0 rg BT 229.67 423.20 Td (1, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 239.64 423.20 Td (150,000,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 287.14 423.20 Td ( ) Tj ET Q q 0 0 0 rg BT 289.99 423.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 316.57 423.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 343.17 423.20 Td (to ) Tj ET Q q 0 0 0 rg BT 353.40 423.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 385.80 423.20 Td (as ) Tj ET Q q 0 0 0 rg BT 396.56 423.20 Td (part ) Tj ET Q q 0 0 0 rg BT 414.17 423.20 Td (of ) Tj ET Q q 0 0 0 rg BT 424.93 423.20 Td (the ) Tj ET Q q 0 0 0 rg BT 439.38 423.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 493.41 423.20 Td (for ) Tj ET Q q 0 0 0 rg BT 507.33 423.20 Td (the ) Tj ET Q q 0 0 0 rg BT 521.78 423.20 Td (transfer ) Tj ET Q q 0 0 0 rg BT 553.64 423.20 Td (of ) Tj ET Q q 0 0 0 rg BT 564.39 423.20 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 411.20 Td (business ) Tj ET Q q 0 0 0 rg BT 70.57 411.20 Td (to ) Tj ET Q q 0 0 0 rg BT 80.34 411.20 Td (the ) Tj ET Q q 0 0 0 rg BT 94.32 411.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.64 411.20 Td (on ) Tj ET Q q 0 0 0 rg BT 145.51 411.20 Td (March ) Tj ET Q q 0 0 0 rg BT 172.68 411.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.93 411.20 Td (201) Tj ET Q q 0 0 0 rg BT 200.83 411.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 207.95 411.20 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 224.05 411.20 Td (30,000,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 266.80 411.20 Td ( ) Tj ET Q q 0 0 0 rg BT 269.17 411.20 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.29 411.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 322.79 411.20 Td (in ) Tj ET Q q 0 0 0 rg BT 333.07 411.20 Td (a ) Tj ET Q q 0 0 0 rg BT 340.00 411.20 Td (private ) Tj ET Q q 0 0 0 rg BT 370.27 411.20 Td (placement ) Tj ET Q q 0 0 0 rg BT 413.86 411.20 Td (during ) Tj ET Q q 0 0 0 rg BT 442.47 411.20 Td (March ) Tj ET Q q 0 0 0 rg BT 471.06 411.20 Td (2012.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 399.80 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 388.40 Td (After ) Tj ET Q q 0 0 0 rg BT 94.50 388.40 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 150.50 388.40 Td (the ) Tj ET Q q 0 0 0 rg BT 164.56 388.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.96 388.40 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 252.30 388.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 278.50 388.40 Td (that ) Tj ET Q q 0 0 0 rg BT 295.20 388.40 Td (may ) Tj ET Q q 0 0 0 rg BT 314.01 388.40 Td (be ) Tj ET Q q 0 0 0 rg BT 325.42 388.40 Td (canceled ) Tj ET Q q 0 0 0 rg BT 361.10 388.40 Td (or ) Tj ET Q q 0 0 0 rg BT 371.47 388.40 Td (held ) Tj ET Q q 0 0 0 rg BT 390.28 388.40 Td (as ) Tj ET Q q 0 0 0 rg BT 400.64 388.40 Td (treasury ) Tj ET Q q 0 0 0 rg BT 433.69 388.40 Td (shares. ) Tj ET Q q 0 0 0 rg BT 461.72 388.40 Td (As ) Tj ET Q q 0 0 0 rg BT 474.73 388.40 Td (of ) Tj ET Q q 0 0 0 rg BT 485.10 388.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.83 388.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 562.29 388.40 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 377.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 57.38 377.00 Td (the ) Tj ET Q q 0 0 0 rg BT 71.36 377.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.67 377.00 Td (held ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 129.41 377.00 Td (2,373,863) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 167.41 377.00 Td ( ) Tj ET Q q 0 0 0 rg BT 169.78 377.00 Td (common ) Tj ET Q q 0 0 0 rg BT 205.40 377.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 231.52 377.00 Td (as ) Tj ET Q q 0 0 0 rg BT 241.81 377.00 Td (treasury ) Tj ET Q q 0 0 0 rg BT 274.78 377.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 300.90 377.00 Td (at ) Tj ET Q q 0 0 0 rg BT 310.13 377.00 Td (cost.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.57 353.60 Td (Company) Tj ET Q q 0 0 0 rg BT 132.23 353.60 Td (s ) Tj ET Q q 0 0 0 rg BT 139.14 353.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 192.70 353.60 Td (passed ) Tj ET Q q 0 0 0 rg BT 222.38 353.60 Td (a ) Tj ET Q q 0 0 0 rg BT 229.83 353.60 Td (resolution ) Tj ET Q q 0 0 0 rg BT 272.85 353.60 Td (at ) Tj ET Q q 0 0 0 rg BT 283.08 353.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.32 353.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 327.99 353.60 Td (general ) Tj ET Q q 0 0 0 rg BT 360.44 353.60 Td (meeting ) Tj ET Q q 0 0 0 rg BT 395.67 353.60 Td (held ) Tj ET Q q 0 0 0 rg BT 415.90 353.60 Td (on ) Tj ET Q q 0 0 0 rg BT 428.92 353.60 Td (September21, ) Tj ET Q q 0 0 0 rg BT 489.71 353.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 515.23 353.60 Td (authorizing ) Tj ET Q q 0 0 0 rg BT 563.79 353.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 76.80 341.60 Td (of ) Tj ET Q q 0 0 0 rg BT 88.16 341.60 Td (the ) Tj ET Q q 0 0 0 rg BT 103.41 341.60 Td (Company) Tj ET Q q 0 0 0 rg BT 145.07 341.60 Td (s ) Tj ET Q q 0 0 0 rg BT 152.00 341.60 Td (share ) Tj ET Q q 0 0 0 rg BT 176.13 341.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 215.26 341.60 Td (account ) Tj ET Q q 0 0 0 rg BT 249.39 341.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.86 341.60 Td ($834.3 ) Tj ET Q q 0 0 0 rg BT 302.39 341.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.28 341.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.32 341.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.13 341.60 Td ($0 ) Tj ET Q q 0 0 0 rg BT 358.16 341.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.05 341.60 Td ( ) Tj ET Q q 0 0 0 rg BT 390.08 341.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.55 341.60 Td (an ) Tj ET Q q 0 0 0 rg BT 420.02 341.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 455.81 341.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.62 341.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.87 341.60 Td (Company) Tj ET Q q 0 0 0 rg BT 523.53 341.60 Td (s ) Tj ET Q q 0 0 0 rg BT 530.46 341.60 Td (contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.60 Td (surplus ) Tj ET Q q 0 0 0 rg BT 67.41 329.60 Td (account ) Tj ET Q q 0 0 0 rg BT 101.01 329.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.86 329.60 Td ($834.3 ) Tj ET Q q 0 0 0 rg BT 141.87 329.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.77 329.60 Td (, ) Tj ET Q q 0 0 0 rg BT 175.78 329.60 Td (with ) Tj ET Q q 0 0 0 rg BT 196.07 329.60 Td (immediate ) Tj ET Q q 0 0 0 rg BT 240.79 329.60 Td (ef) Tj ET Q q 0 0 0 rg BT 248.38 329.60 Td (fect, ) Tj ET Q q 0 0 0 rg BT 268.38 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 283.11 329.60 Td (purpose ) Tj ET Q q 0 0 0 rg BT 317.29 329.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.13 329.60 Td (which ) Tj ET Q q 0 0 0 rg BT 355.09 329.60 Td (was ) Tj ET Q q 0 0 0 rg BT 373.15 329.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 412.88 329.60 Td (to ) Tj ET Q q 0 0 0 rg BT 423.17 329.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 458.44 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.17 329.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 501.24 329.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.08 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.82 329.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 568.22 329.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.60 Td (declare ) Tj ET Q q 0 0 0 rg BT 67.36 317.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.30 317.60 Td (distribute ) Tj ET Q q 0 0 0 rg BT 124.57 317.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 165.96 317.60 Td (to ) Tj ET Q q 0 0 0 rg BT 176.24 317.60 Td (its ) Tj ET Q q 0 0 0 rg BT 188.19 317.60 Td (shareholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 293.60 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 293.60 Td (s contributed deficit account originally amounted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.38 293.60 Td ($1,307.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.77 293.60 Td ( and relates to the dif) Tj ET Q q 0 0 0 rg BT 491.72 293.60 Td (ference between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.60 Td (carrying value of net assets purchased and the consideration paid for the businesses acquired in the North ) Tj ET Q q 0 0 0 rg BT 458.92 281.60 Td (Atlantic Restructuring. ) Tj ET Q q 0 0 0 rg BT 552.89 281.60 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.60 Td (account will not be netted against future earnings and does not restrict the Company) Tj ET Q q 0 0 0 rg BT 375.07 269.60 Td (s ability to pay dividends. During 201) Tj ET Q q 0 0 0 rg BT 526.08 269.60 Td (1, 2012 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.60 Td (2013 he amount has been reduced to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.56 257.60 Td ($1,186.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.96 257.60 Td ( following recognition of certain common control transactions.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 236.60 Td (Note 21 ) Tj ET Q q 0 0 0 rg BT 75.84 236.60 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 156.15 236.60 Td ( Compr) Tj ET Q q 0 0 0 rg BT 187.37 236.60 Td (ehensive Loss) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 176.70 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 176.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 176.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 176.70 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 190.70000000000005 m 412.5 190.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 190.70000000000005 m 492.5 190.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 190.70000000000005 m 496.5 190.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 190.70000000000005 m 576.5 190.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 163.70000000000005 m 412.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 163.70000000000005 m 492.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 163.70000000000005 m 496.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 163.70000000000005 m 576.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 163.70000000000005 m 412.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 151.70000000000005 m 412.5 151.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 149.70000000000005 m 412.5 149.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 163.70000000000005 m 492.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 151.70000000000005 m 492.5 151.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 149.70000000000005 m 492.5 149.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 163.70000000000005 m 496.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 151.70000000000005 m 496.5 151.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 149.70000000000005 m 496.5 149.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 163.70000000000005 m 576.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 151.70000000000005 m 576.5 151.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 149.70000000000005 m 576.5 149.70000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 194.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 194.93 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.75 194.93 Td (December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 167.61 Td (Actuarial loss relating to pension) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 469.00 167.61 Td (\(39.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 167.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.00 167.61 Td (\(32.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 167.61 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 154.77 Td (Total accumulated other comprehensive loss) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 469.00 154.77 Td (\(39.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 488.80 154.77 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 553.00 154.77 Td (\(32.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 572.80 154.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 128.40 Td (For ) Tj ET Q q 0 0 0 rg BT 87.64 128.40 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 122.79 128.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 140.02 128.40 Td (related ) Tj ET Q q 0 0 0 rg BT 168.31 128.40 Td (to ) Tj ET Q q 0 0 0 rg BT 178.14 128.40 Td (pension, ) Tj ET Q q 0 0 0 rg BT 212.52 128.40 Td (the ) Tj ET Q q 0 0 0 rg BT 226.57 128.40 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 277.02 128.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 318.50 128.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 349.44 128.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.80 128.40 Td (income ) Tj ET Q q 0 0 0 rg BT 390.21 128.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 412.18 128.40 Td (related ) Tj ET Q q 0 0 0 rg BT 440.47 128.40 Td (to ) Tj ET Q q 0 0 0 rg BT 450.30 128.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 493.37 128.40 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 533.81 128.40 Td (in ) Tj ET Q q 0 0 0 rg BT 543.65 128.40 Td (Norway) Tj ET Q q 0 0 0 rg BT 573.63 128.40 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 117.00 Td (where ) Tj ET Q q 0 0 0 rg BT 61.58 117.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.56 117.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 89.55 117.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 106.16 117.00 Td (is ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 114.87 117.00 Td (28%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 132.28 117.00 Td (, ) Tj ET Q q 0 0 0 rg BT 137.03 117.00 Td (amounted ) Tj ET Q q 0 0 0 rg BT 176.87 117.00 Td (to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 186.64 117.00 Td (US$15.3 ) Tj ET Q q 0 0 0 rg BT 222.53 117.00 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 249.98 117.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.35 117.00 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 268.45 117.00 Td (US$12.8 ) Tj ET Q q 0 0 0 rg BT 304.34 117.00 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 331.79 117.00 Td ( ) Tj ET Q q 0 0 0 rg BT 334.16 117.00 Td (at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 343.39 117.00 Td (December ) Tj ET Q q 0 0 0 rg BT 384.80 117.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 399.05 117.00 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.05 117.00 Td ( ) Tj ET Q q 0 0 0 rg BT 420.43 117.00 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 436.52 117.00 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 455.52 117.00 Td (, ) Tj ET Q q 0 0 0 rg BT 460.27 117.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 505.55 117.00 Td (. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 83.60 Td (Note 22 Shar) Tj ET Q q 0 0 0 rg BT 95.73 83.60 Td (e option plan) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 60.80 Td (The ) Tj ET Q q 0 0 0 rg BT 90.16 60.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 116.76 60.80 Td (resolved, ) Tj ET Q q 0 0 0 rg BT 154.70 60.80 Td (in ) Tj ET Q q 0 0 0 rg BT 165.48 60.80 Td (its ) Tj ET Q q 0 0 0 rg BT 177.84 60.80 Td (meeting ) Tj ET Q q 0 0 0 rg BT 211.83 60.80 Td (on ) Tj ET Q q 0 0 0 rg BT 224.72 60.80 Td (February ) Tj ET Q q 0 0 0 rg BT 262.40 60.80 Td (14, ) Tj ET Q q 0 0 0 rg BT 277.66 60.80 Td (201) Tj ET Q q 0 0 0 rg BT 291.56 60.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 302.07 60.80 Td (to ) Tj ET Q q 0 0 0 rg BT 312.84 60.80 Td (establish ) Tj ET Q q 0 0 0 rg BT 349.48 60.80 Td (a ) Tj ET Q q 0 0 0 rg BT 357.08 60.80 Td (share ) Tj ET Q q 0 0 0 rg BT 380.51 60.80 Td (option ) Tj ET Q q 0 0 0 rg BT 408.18 60.80 Td (based ) Tj ET Q q 0 0 0 rg BT 433.19 60.80 Td (incentive ) Tj ET Q q 0 0 0 rg BT 471.40 60.80 Td (scheme ) Tj ET Q q 0 0 0 rg BT 503.27 60.80 Td (for ) Tj ET Q q 0 0 0 rg BT 517.74 60.80 Td (the ) Tj ET Q q 0 0 0 rg BT 532.73 60.80 Td (Company) Tj ET Q q 0 0 0 rg BT 572.31 60.80 Td (s ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 49.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 79.11 49.40 Td (and ) Tj ET Q q 0 0 0 rg BT 95.31 49.40 Td (directors, ) Tj ET Q q 0 0 0 rg BT 133.40 49.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 171.23 49.40 Td (a ) Tj ET Q q 0 0 0 rg BT 177.93 49.40 Td (set ) Tj ET Q q 0 0 0 rg BT 190.97 49.40 Td (of ) Tj ET Q q 0 0 0 rg BT 201.36 49.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 222.31 49.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 263.83 49.40 Td (to ) Tj ET Q q 0 0 0 rg BT 273.70 49.40 Td (the ) Tj ET Q q 0 0 0 rg BT 287.79 49.40 Td (scheme ) Tj ET Q q 0 0 0 rg BT 318.76 49.40 Td (and ) Tj ET Q q 0 0 0 rg BT 334.96 49.40 Td (reserved ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.61 49.40 Td (6,000,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 407.61 49.40 Td ( ) Tj ET Q q 0 0 0 rg BT 410.09 49.40 Td (of ) Tj ET Q q 0 0 0 rg BT 420.49 49.40 Td (its ) Tj ET Q q 0 0 0 rg BT 431.95 49.40 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 476.90 49.40 Td (but ) Tj ET Q q 0 0 0 rg BT 491.52 49.40 Td (unissued ) Tj ET Q q 0 0 0 rg BT 527.25 49.40 Td (share ) Tj ET Q q 0 0 0 rg BT 549.78 49.40 Td (for ) Tj ET Q q 0 0 0 rg BT 563.34 49.40 Td (use ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 38.00 Td (to ) Tj ET Q q 0 0 0 rg BT 45.76 38.00 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 72.94 38.00 Td (future ) Tj ET Q q 0 0 0 rg BT 98.00 38.00 Td (exercises ) Tj ET Q q 0 0 0 rg BT 135.19 38.00 Td (of ) Tj ET Q q 0 0 0 rg BT 145.48 38.00 Td (options ) Tj ET Q q 0 0 0 rg BT 175.83 38.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 206.69 38.00 Td (under ) Tj ET Q q 0 0 0 rg BT 230.70 38.00 Td (the ) Tj ET Q q 0 0 0 rg BT 244.68 38.00 Td (scheme. ) Tj ET Q q 0 0 0 rg BT 277.92 38.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-29) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 738.05 Td (Further) Tj ET Q q 0 0 0 rg BT 99.59 738.05 Td (, ) Tj ET Q q 0 0 0 rg BT 103.94 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 117.52 738.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 142.72 738.05 Td (resolved ) Tj ET Q q 0 0 0 rg BT 176.88 738.05 Td (that ) Tj ET Q q 0 0 0 rg BT 193.10 738.05 Td (options ) Tj ET Q q 0 0 0 rg BT 223.05 738.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 253.52 738.05 Td (prior ) Tj ET Q q 0 0 0 rg BT 273.96 738.05 Td (to ) Tj ET Q q 0 0 0 rg BT 283.33 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 296.91 738.05 Td (listing ) Tj ET Q q 0 0 0 rg BT 322.65 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 332.54 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 346.12 738.05 Td (Company) Tj ET Q q 0 0 0 rg BT 385.70 738.05 Td (s ) Tj ET Q q 0 0 0 rg BT 391.38 738.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 417.09 738.05 Td (could ) Tj ET Q q 0 0 0 rg BT 440.18 738.05 Td (be ) Tj ET Q q 0 0 0 rg BT 451.12 738.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 481.59 738.05 Td (at ) Tj ET Q q 0 0 0 rg BT 490.42 738.05 Td (an ) Tj ET Q q 0 0 0 rg BT 501.36 738.05 Td (exercise ) Tj ET Q q 0 0 0 rg BT 534.46 738.05 Td (price ) Tj ET Q q 0 0 0 rg BT 555.42 738.05 Td (equal ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (to ) Tj ET Q q 0 0 0 rg BT 45.07 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 58.36 726.65 Td (subscription ) Tj ET Q q 0 0 0 rg BT 106.49 726.65 Td (price ) Tj ET Q q 0 0 0 rg BT 127.16 726.65 Td (in ) Tj ET Q q 0 0 0 rg BT 136.23 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 149.52 726.65 Td (private ) Tj ET Q q 0 0 0 rg BT 177.58 726.65 Td (placement. ) Tj ET Q q 0 0 0 rg BT 220.67 726.65 Td ( ) Tj ET Q q 0 0 0 rg BT 222.35 726.65 Td (No ) Tj ET Q q 0 0 0 rg BT 235.65 726.65 Td (options ) Tj ET Q q 0 0 0 rg BT 265.31 726.65 Td (have ) Tj ET Q q 0 0 0 rg BT 284.92 726.65 Td (been ) Tj ET Q q 0 0 0 rg BT 304.54 726.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 334.71 726.65 Td (under ) Tj ET Q q 0 0 0 rg BT 358.02 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 371.31 726.65 Td (scheme ) Tj ET Q q 0 0 0 rg BT 401.48 726.65 Td (in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.55 726.65 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 429.55 726.65 Td (,) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 431.93 726.65 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 450.93 726.65 Td (. ) Tj ET Q q 0 0 0 rg BT 454.99 726.65 Td (or ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 464.58 726.65 Td (201) Tj ET Q q 0 0 0 rg BT 478.48 726.65 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.23 726.65 Td (. ) Tj ET Q q 0 0 0 rg BT 487.29 726.65 Td (However) Tj ET Q q 0 0 0 rg BT 521.73 726.65 Td (, ) Tj ET Q q 0 0 0 rg BT 525.78 726.65 Td (the ) Tj ET Q q 0 0 0 rg BT 539.07 726.65 Td (Company ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 715.25 Td (did ) Tj ET Q q 0 0 0 rg BT 50.58 715.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 89.94 715.25 Td (a ) Tj ET Q q 0 0 0 rg BT 96.59 715.25 Td (char) Tj ET Q q 0 0 0 rg BT 112.77 715.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 124.18 715.25 Td (for ) Tj ET Q q 0 0 0 rg BT 137.69 715.25 Td (share ) Tj ET Q q 0 0 0 rg BT 160.17 715.25 Td (options ) Tj ET Q q 0 0 0 rg BT 190.59 715.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 221.52 715.25 Td (at ) Tj ET Q q 0 0 0 rg BT 230.81 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.86 715.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 276.85 715.25 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 292.48 715.25 Td (level ) Tj ET Q q 0 0 0 rg BT 313.38 715.25 Td (related ) Tj ET Q q 0 0 0 rg BT 341.66 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.49 715.25 Td (North ) Tj ET Q q 0 0 0 rg BT 375.56 715.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 408.60 715.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 451.66 715.25 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 462.02 715.25 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 481.08 715.25 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 508.53 715.25 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 513.34 715.25 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 532.41 715.25 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.85 715.25 Td ( ) Tj ET Q q 0 0 0 rg BT 562.29 715.25 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 703.25 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 55.00 703.25 Td (million ) Tj ET Q q 0 0 0 rg BT 84.82 703.25 Td (in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 94.59 703.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.59 703.25 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 118.59 703.25 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 137.59 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.96 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.05 703.25 Td (201) Tj ET Q q 0 0 0 rg BT 169.95 703.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 179.45 703.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 224.73 703.25 Td (. ) Tj ET Q q 0 0 0 rg BT 229.48 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.86 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.23 703.25 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 669.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 669.05 Td (Restricted Stock Units) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 646.25 Td (On ) Tj ET Q q 0 0 0 rg BT 85.72 646.25 Td (November ) Tj ET Q q 0 0 0 rg BT 127.93 646.25 Td (7, ) Tj ET Q q 0 0 0 rg BT 137.17 646.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 160.66 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.37 646.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 199.70 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.73 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.45 646.25 Td (Companyapproved ) Tj ET Q q 0 0 0 rg BT 300.22 646.25 Td (278,778 ) Tj ET Q q 0 0 0 rg BT 333.21 646.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 362.23 646.25 Td (under ) Tj ET Q q 0 0 0 rg BT 385.97 646.25 Td (North ) Tj ET Q q 0 0 0 rg BT 409.78 646.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 442.49 646.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 474.69 646.25 Td (Limited`s ) Tj ET Q q 0 0 0 rg BT 513.74 646.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 554.37 646.25 Td (Stock ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 634.85 Td (Units ) Tj ET Q q 0 0 0 rg BT 58.96 634.85 Td (\(RSU\) ) Tj ET Q q 0 0 0 rg BT 94.58 634.85 Td (plan. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 612.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 612.05 Td (Under ) Tj ET Q q 0 0 0 rg BT 97.95 612.05 Td (the ) Tj ET Q q 0 0 0 rg BT 111.76 612.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 135.08 612.05 Td (of ) Tj ET Q q 0 0 0 rg BT 145.20 612.05 Td (the ) Tj ET Q q 0 0 0 rg BT 159.01 612.05 Td (plan, ) Tj ET Q q 0 0 0 rg BT 179.95 612.05 Td (the ) Tj ET Q q 0 0 0 rg BT 193.77 612.05 Td (holder ) Tj ET Q q 0 0 0 rg BT 220.25 612.05 Td (of ) Tj ET Q q 0 0 0 rg BT 230.37 612.05 Td (an ) Tj ET Q q 0 0 0 rg BT 241.54 612.05 Td (award ) Tj ET Q q 0 0 0 rg BT 266.96 612.05 Td (is ) Tj ET Q q 0 0 0 rg BT 275.50 612.05 Td (entitled ) Tj ET Q q 0 0 0 rg BT 306.20 612.05 Td (to ) Tj ET Q q 0 0 0 rg BT 315.80 612.05 Td (receive ) Tj ET Q q 0 0 0 rg BT 345.43 612.05 Td (a ) Tj ET Q q 0 0 0 rg BT 351.85 612.05 Td (share ) Tj ET Q q 0 0 0 rg BT 374.11 612.05 Td (in ) Tj ET Q q 0 0 0 rg BT 383.71 612.05 Td (the ) Tj ET Q q 0 0 0 rg BT 397.52 612.05 Td (respective ) Tj ET Q q 0 0 0 rg BT 438.23 612.05 Td (company ) Tj ET Q q 0 0 0 rg BT 475.27 612.05 Td (if ) Tj ET Q q 0 0 0 rg BT 483.28 612.05 Td (still ) Tj ET Q q 0 0 0 rg BT 499.74 612.05 Td (employed ) Tj ET Q q 0 0 0 rg BT 539.41 612.05 Td (at ) Tj ET Q q 0 0 0 rg BT 548.48 612.05 Td (the ) Tj ET Q q 0 0 0 rg BT 562.29 612.05 Td (end ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 600.65 Td (of ) Tj ET Q q 0 0 0 rg BT 46.86 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 61.42 600.65 Td (three ) Tj ET Q q 0 0 0 rg BT 83.35 600.65 Td (year ) Tj ET Q q 0 0 0 rg BT 102.65 600.65 Td (vesting ) Tj ET Q q 0 0 0 rg BT 133.04 600.65 Td (period. ) Tj ET Q q 0 0 0 rg BT 164.80 600.65 Td (There ) Tj ET Q q 0 0 0 rg BT 189.90 600.65 Td (is ) Tj ET Q q 0 0 0 rg BT 199.19 600.65 Td (no ) Tj ET Q q 0 0 0 rg BT 211.63 600.65 Td (requirement ) Tj ET Q q 0 0 0 rg BT 260.48 600.65 Td (for ) Tj ET Q q 0 0 0 rg BT 274.51 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 289.06 600.65 Td (holder ) Tj ET Q q 0 0 0 rg BT 316.28 600.65 Td (to ) Tj ET Q q 0 0 0 rg BT 326.62 600.65 Td (pay ) Tj ET Q q 0 0 0 rg BT 343.29 600.65 Td (for ) Tj ET Q q 0 0 0 rg BT 357.31 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 371.87 600.65 Td (share ) Tj ET Q q 0 0 0 rg BT 394.86 600.65 Td (on ) Tj ET Q q 0 0 0 rg BT 407.31 600.65 Td (grant ) Tj ET Q q 0 0 0 rg BT 429.78 600.65 Td (date ) Tj ET Q q 0 0 0 rg BT 448.55 600.65 Td (or ) Tj ET Q q 0 0 0 rg BT 459.42 600.65 Td (upon ) Tj ET Q q 0 0 0 rg BT 481.37 600.65 Td (vesting ) Tj ET Q q 0 0 0 rg BT 511.76 600.65 Td (of ) Tj ET Q q 0 0 0 rg BT 522.62 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 537.18 600.65 Td (award. ) Tj ET Q q 0 0 0 rg BT 568.08 600.65 Td (In ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 589.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 69.75 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.98 589.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 110.87 589.25 Td (is ) Tj ET Q q 0 0 0 rg BT 119.82 589.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 150.93 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.94 589.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 190.98 589.25 Td (an ) Tj ET Q q 0 0 0 rg BT 202.57 589.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.68 589.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 256.87 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.88 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.11 589.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 315.91 589.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 355.47 589.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 390.26 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.60 589.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 425.57 589.25 Td (on ) Tj ET Q q 0 0 0 rg BT 437.69 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.92 589.25 Td (NADL) Tj ET Q q 0 0 0 rg BT 477.95 589.25 Td ( ) Tj ET Q q 0 0 0 rg BT 480.57 589.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 506.93 589.25 Td (during ) Tj ET Q q 0 0 0 rg BT 534.35 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.57 589.25 Td (vesting ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 577.85 Td (period.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 555.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 555.05 Td (The ) Tj ET Q q 0 0 0 rg BT 89.15 555.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.70 555.05 Td (value ) Tj ET Q q 0 0 0 rg BT 127.65 555.05 Td (of ) Tj ET Q q 0 0 0 rg BT 137.94 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 151.92 555.05 Td (awards ) Tj ET Q q 0 0 0 rg BT 181.20 555.05 Td (are ) Tj ET Q q 0 0 0 rg BT 195.17 555.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 236.05 555.05 Td (based ) Tj ET Q q 0 0 0 rg BT 260.06 555.05 Td (on ) Tj ET Q q 0 0 0 rg BT 271.93 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 285.91 555.05 Td (market ) Tj ET Q q 0 0 0 rg BT 314.67 555.05 Td (share ) Tj ET Q q 0 0 0 rg BT 337.09 555.05 Td (price ) Tj ET Q q 0 0 0 rg BT 358.45 555.05 Td (on ) Tj ET Q q 0 0 0 rg BT 370.32 555.05 Td (grant ) Tj ET Q q 0 0 0 rg BT 392.22 555.05 Td (date ) Tj ET Q q 0 0 0 rg BT 410.42 555.05 Td (which ) Tj ET Q q 0 0 0 rg BT 436.01 555.05 Td (was ) Tj ET Q q 0 0 0 rg BT 453.16 555.05 Td (NOK58.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 532.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.04 532.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.49 532.25 Td (value ) Tj ET Q q 0 0 0 rg BT 127.33 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.51 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.38 532.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 180.55 532.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 216.58 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.24 532.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 243.81 532.25 Td (is ) Tj ET Q q 0 0 0 rg BT 252.41 532.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 296.35 532.25 Td (as ) Tj ET Q q 0 0 0 rg BT 306.53 532.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 361.56 532.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 379.13 532.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 427.31 532.25 Td (over ) Tj ET Q q 0 0 0 rg BT 446.45 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.33 532.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 490.04 532.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 520.83 532.25 Td (All ) Tj ET Q q 0 0 0 rg BT 535.23 532.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 564.40 532.25 Td (are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 520.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 72.79 520.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 109.04 520.85 Td (to ) Tj ET Q q 0 0 0 rg BT 118.93 520.85 Td (vest. ) Tj ET Q q 0 0 0 rg BT 139.11 520.85 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 196.50 520.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 214.30 520.85 Td (related ) Tj ET Q q 0 0 0 rg BT 242.64 520.85 Td (to ) Tj ET Q q 0 0 0 rg BT 252.53 520.85 Td (the ) Tj ET Q q 0 0 0 rg BT 266.64 520.85 Td (RSU ) Tj ET Q q 0 0 0 rg BT 287.62 520.85 Td (plans ) Tj ET Q q 0 0 0 rg BT 310.17 520.85 Td (of ) Tj ET Q q 0 0 0 rg BT 320.58 520.85 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 339.71 520.85 Td (million ) Tj ET Q q 0 0 0 rg BT 369.65 520.85 Td (has ) Tj ET Q q 0 0 0 rg BT 384.82 520.85 Td (been ) Tj ET Q q 0 0 0 rg BT 405.25 520.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 449.42 520.85 Td (in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.31 520.85 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.31 520.85 Td ( ) Tj ET Q q 0 0 0 rg BT 480.81 520.85 Td (\() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.97 520.85 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 502.97 520.85 Td (: ) Tj ET Q q 0 0 0 rg BT 508.11 520.85 Td ($0 ) Tj ET Q q 0 0 0 rg BT 520.11 520.85 Td (million\). ) Tj ET Q q 0 0 0 rg BT 555.04 520.85 Td (As ) Tj ET Q q 0 0 0 rg BT 568.10 520.85 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 509.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 91.66 509.45 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 110.66 509.45 Td ( ) Tj ET Q q 0 0 0 rg BT 113.03 509.45 Td (there ) Tj ET Q q 0 0 0 rg BT 134.39 509.45 Td (was ) Tj ET Q q 0 0 0 rg BT 151.54 509.45 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 170.54 509.45 Td (million ) Tj ET Q q 0 0 0 rg BT 200.37 509.45 Td (in ) Tj ET Q q 0 0 0 rg BT 210.13 509.45 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 263.68 509.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 318.82 509.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 340.19 509.45 Td (related ) Tj ET Q q 0 0 0 rg BT 368.41 509.45 Td (to ) Tj ET Q q 0 0 0 rg BT 378.18 509.45 Td (non-vested ) Tj ET Q q 0 0 0 rg BT 422.24 509.45 Td (awards.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 487.60 Td (Note 23 - Pension benefits) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 464.80 Td (The Company has several defined benefit pension plans covering substantially all Norwegian employees. ) Tj ET Q q 0 0 0 rg BT 474.07 464.80 Td (All of) Tj ET Q q 0 0 0 rg BT 496.33 464.80 Td (f the plansare ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 453.40 Td (administered by a life insurance company) Tj ET Q q 0 0 0 rg BT 193.93 453.40 Td (. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 430.60 Td (In June 2009 we introduced a defined contribution plan for all new Norwegian employees employed onshore. Under these plans , ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 419.20 Td (the Company contributes to the employee) Tj ET Q q 0 0 0 rg BT 197.20 419.20 Td (s pension plan amounts ranging into ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.05 419.20 Td (five) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 351.82 419.20 Td ( to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 363.96 419.20 Td (eight) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 382.96 419.20 Td ( percent of the employee) Tj ET Q q 0 0 0 rg BT 479.50 419.20 Td (s annual salary) Tj ET Q q 0 0 0 rg BT 535.34 419.20 Td (. In ) Tj ET Q q 0 0 0 rg BT 552.23 419.20 Td (April ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 407.80 Td (201) Tj ET Q q 0 0 0 rg BT 49.90 407.80 Td (1, pension obligations and assets amounting to $1) Tj ET Q q 0 0 0 rg BT 238.48 407.80 Td (1.9 million and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 298.64 407.80 Td ($8.9 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 345.09 407.80 Td (, respectively) Tj ET Q q 0 0 0 rg BT 395.12 407.80 Td (, relating to North ) Tj ET Q q 0 0 0 rg BT 465.04 407.80 Td (Atlantic) Tj ET Q q 0 0 0 rg BT 498.29 407.80 Td (s management ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 396.40 Td (employees previously employed by Seadrill Management ) Tj ET Q q 0 0 0 rg BT 256.57 396.40 Td (AS were transferred to the Company) Tj ET Q q 0 0 0 rg BT 395.51 396.40 Td (. ) Tj ET Q q 0 0 0 rg BT 402.46 396.40 Td (The Company has included only period costs ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 385.00 Td (allocated from Seadrill as pension costs relating to these employees during the combined consolidated carve-out periods as these employees ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 373.60 Td (were a part of a pension scheme operated by Seadrill Management ) Tj ET Q q 0 0 0 rg BT 290.56 373.60 Td (AS and therefore this scheme was treated as multi-employer scheme.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 362.20 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 350.80 Td (For onshore employees in Norway) Tj ET Q q 0 0 0 rg BT 202.78 350.80 Td (, continuing with the defined benefits plan, the primary benefits are retirement pension of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 339.40 Td (approximately ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 93.25 339.40 Td (66%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 110.66 339.40 Td ( of salary at retirement age of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 224.87 339.40 Td (67) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 234.37 339.40 Td ( years, together with a long-term disability pension. ) Tj ET Q q 0 0 0 rg BT 432.61 339.40 Td (The retirement pension per employee ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 328.00 Td (is capped at an annual payment of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 167.64 328.00 Td (66) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 177.14 328.00 Td ( percent of the total of 12 times the Norwegian Social Security Base. Most employees in this group may ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 316.60 Td (choose to retire at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 106.17 316.60 Td (62) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 115.67 316.60 Td ( years of age on a pre-retirement pension. Of) Tj ET Q q 0 0 0 rg BT 285.64 316.60 Td (fshore employees in Norway have retirement and long-term disability ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 305.20 Td (pension of approximately ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 135.46 305.20 Td (60%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 152.88 305.20 Td ( of salary at retirement age of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 267.09 305.20 Td (67) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 276.59 305.20 Td (. Of) Tj ET Q q 0 0 0 rg BT 291.19 305.20 Td (fshore employees on mobile units may choose to retire at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 510.70 305.20 Td (60) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.20 305.20 Td ( years of age ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 293.80 Td (on a pre-retirement pension. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 271.00 Td (In addition, the Company has a defined contribution plan for all new onshore employees. ) Tj ET Q q 0 0 0 rg BT 412.70 271.00 Td (T) Tj ET Q q 0 0 0 rg BT 417.84 271.00 Td (otal payments to this plan were ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 538.67 271.00 Td ($1.2 ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 259.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.45 259.00 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 68.45 259.00 Td ($0.4 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 114.90 259.00 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 133.36 259.00 Td ($0.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 149.99 259.00 Td ( millions for the years ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 260.80 259.00 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 335.45 259.00 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 342.58 259.00 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.58 259.00 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 380.04 259.00 Td (201) Tj ET Q q 0 0 0 rg BT 393.94 259.00 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 398.69 259.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 448.72 259.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-30) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 749.60 Td (Annual pension cost) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 681.70 303.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 681.70 81.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 681.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 681.70 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 681.70 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 681.70 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 655.70 303.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 655.70 81.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 655.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 655.70 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 655.70 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 655.70 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 629.70 303.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 629.70 81.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 629.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 629.70 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 629.70 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 629.70 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 603.70 303.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 603.70 81.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 603.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 603.70 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 603.70 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 603.70 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 577.70 303.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 577.70 81.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 577.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 577.70 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 577.70 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 577.70 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 551.70 303.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 551.70 81.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 551.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 551.70 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 551.70 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 551.70 74.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 710.7 m 420.5 710.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 710.7 m 497.5 710.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 710.7 m 502.5 710.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 710.7 m 576.5 710.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 710.7 m 424.5 710.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 710.7 m 497.5 710.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 710.7 m 502.5 710.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 695.7 m 339.5 695.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 695.7 m 420.5 695.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 695.7 m 424.5 695.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 695.7 m 497.5 695.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 695.7 m 502.5 695.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 695.7 m 576.5 695.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 655.7 m 339.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 655.7 m 420.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 655.7 m 424.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 655.7 m 497.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 655.7 m 502.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 655.7 m 576.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 616.7 m 339.5 616.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 616.7 m 420.5 616.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 616.7 m 424.5 616.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 616.7 m 497.5 616.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 616.7 m 502.5 616.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 616.7 m 576.5 616.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 577.7 m 339.5 577.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 577.7 m 420.5 577.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 577.7 m 424.5 577.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 577.7 m 497.5 577.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 577.7 m 502.5 577.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 577.7 m 576.5 577.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 564.7 m 339.5 564.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 551.7 m 339.5 551.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 564.7 m 420.5 564.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 551.7 m 420.5 551.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 564.7 m 424.5 564.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 551.7 m 424.5 551.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 564.7 m 497.5 564.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 551.7 m 497.5 551.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 564.7 m 502.5 564.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 551.7 m 502.5 551.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 564.7 m 576.5 564.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 551.7 m 576.5 551.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 539.7 m 339.5 539.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 537.7 m 339.5 537.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 539.7 m 420.5 539.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 537.7 m 420.5 537.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 539.7 m 424.5 539.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 537.7 m 424.5 537.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 539.7 m 497.5 539.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 537.7 m 497.5 537.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 539.7 m 502.5 539.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 537.7 m 502.5 537.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 539.7 m 576.5 539.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 537.7 m 576.5 537.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.10 718.93 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 141.25 699.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 699.93 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 699.93 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 556.40 699.93 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 672.61 Td (Benefits earned during the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.15 672.61 Td (14.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 477.15 672.61 Td (11.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.15 672.61 Td (11.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 659.61 Td (Interest cost on prior years' benefit obligation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.90 659.61 Td (6.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.90 659.61 Td (4.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.90 659.61 Td (5.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 646.77 Td (Gross pension cost for the year) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 399.15 646.77 Td (21.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.15 646.77 Td (15.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 555.15 646.77 Td (16.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 633.61 Td (Expected return on plan assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 400.75 633.61 Td (\(4.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.80 633.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.75 633.61 Td (\(4.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.80 633.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.75 633.61 Td (\(5.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 573.80 633.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 620.61 Td (Administration charges) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.90 620.61 Td (0.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.90 620.61 Td (0.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.90 620.61 Td (0.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 607.77 Td (Net pension cost for the year) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 399.15 607.77 Td (17.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.15 607.77 Td (11.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 555.15 607.77 Td (11.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 594.61 Td (Social security cost) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.90 594.61 Td (2.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.90 594.61 Td (1.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.90 594.61 Td (1.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 581.61 Td (Amortization of actuarial gains/losses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 403.90 581.61 Td (1.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.90 581.61 Td (0.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.75 581.61 Td (\(0.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 573.80 581.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 568.61 Td (Amortization of prior service cost) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 400.75 568.61 Td (\(0.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.80 568.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.75 568.61 Td (\(1.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.80 568.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.30 568.61 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 555.61 Td (Amortization of net transition assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.30 555.77 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.75 555.61 Td (\(0.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 493.80 555.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.30 555.61 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 542.77 Td (Total net pension cost) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 399.15 542.77 Td (20.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.15 542.77 Td (11.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 555.15 542.77 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 516.40 Td (The funded status of the defined benefit plan) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 505.00 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 471.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 471.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 471.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 471.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 445.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 445.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 445.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 445.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 419.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 419.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 419.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 419.50 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 471.5 m 412.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 471.5 m 492.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 471.5 m 496.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 471.5 m 576.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 445.5 m 412.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 445.5 m 492.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 445.5 m 496.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 445.5 m 576.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 419.5 m 412.5 419.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 419.5 m 492.5 419.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 419.5 m 496.5 419.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 419.5 m 576.5 419.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 407.5 m 412.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 405.5 m 412.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 407.5 m 492.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 405.5 m 492.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 407.5 m 496.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 405.5 m 496.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 407.5 m 576.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 405.5 m 576.5 405.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 475.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 475.73 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.75 475.73 Td (December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 462.41 Td (Projected benefit obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.40 462.41 Td (176.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 462.41 Td (159.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 449.41 Td (Plan assets at market value) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 464.25 449.41 Td (\(125.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 449.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 548.25 449.41 Td (\(115.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 449.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 436.41 Td (Accrued pension liability exclusive social security) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 436.41 Td (50.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 436.41 Td (44.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 423.41 Td (Social security related to pension obligations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.90 423.41 Td (7.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.90 423.41 Td (6.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 410.57 Td (Accrued pension liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.15 410.57 Td (57.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 556.15 410.57 Td (50.1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 384.20 Td (Change in benefit obligations) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 336.70 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 336.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 336.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 336.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 310.70 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 310.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 310.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 310.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 284.70 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 284.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 284.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 284.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 258.70 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 258.70 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 258.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 258.70 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 350.70000000000005 m 412.5 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 350.70000000000005 m 492.5 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 350.70000000000005 m 496.5 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 350.70000000000005 m 576.5 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 245.70000000000005 m 412.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 245.70000000000005 m 492.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 245.70000000000005 m 496.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 245.70000000000005 m 576.5 245.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 233.70000000000005 m 412.5 233.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 231.70000000000005 m 412.5 231.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 233.70000000000005 m 492.5 233.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 231.70000000000005 m 492.5 231.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 233.70000000000005 m 496.5 233.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 231.70000000000005 m 496.5 231.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 233.70000000000005 m 576.5 233.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 231.70000000000005 m 576.5 231.70000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 354.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 354.93 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.75 354.93 Td (December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 327.61 Td (Benefit obligations at beginning of year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.40 327.61 Td (159.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 327.61 Td (114.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 314.61 Td (Interest cost) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.90 314.61 Td (6.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.90 314.61 Td (4.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 301.61 Td (Current service cost) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 301.61 Td (14.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 301.61 Td (11.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 288.61 Td (Benefits paid) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.75 288.61 Td (\(2.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 288.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 557.75 288.61 Td (\(1.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 288.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 275.61 Td (Change in unrecognized actuarial loss) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 275.61 Td (13.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 275.61 Td (22.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 262.61 Td (Transfer of members from Seadrill Management AS) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.75 262.61 Td (\(0.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 262.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 557.75 262.61 Td (\(1.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 262.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 249.61 Td (Foreign currency translations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 469.00 249.61 Td (\(15.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 249.61 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 249.61 Td (10.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 236.77 Td (Benefit obligations at end of year) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.40 236.77 Td (176.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 551.40 236.77 Td (159.8) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 199.00 Td (Change in pension plan assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 151.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 151.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 151.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 151.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 125.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 125.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 125.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 125.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 99.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 99.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 99.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 99.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 73.50 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 73.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 73.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 73.50 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 165.5 m 412.5 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 165.5 m 492.5 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 165.5 m 496.5 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 165.5 m 576.5 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 60.5 m 412.5 60.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 60.5 m 492.5 60.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 60.5 m 496.5 60.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 60.5 m 576.5 60.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 48.5 m 412.5 48.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 46.5 m 412.5 46.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 48.5 m 492.5 48.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 46.5 m 492.5 46.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 48.5 m 496.5 48.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 46.5 m 496.5 46.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 48.5 m 576.5 48.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 46.5 m 576.5 46.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.75 169.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 169.73 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.75 169.73 Td (December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 142.41 Td (Fair value of plan assets at beginning of year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.40 142.41 Td (115.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 142.41 Td (81.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 129.41 Td (Estimated return) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.90 129.41 Td (4.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.90 129.41 Td (4.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 116.41 Td (Contribution by employer) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 116.41 Td (18.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 116.41 Td (25.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 103.41 Td (Administration charges) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.75 103.41 Td (\(0.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 103.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 557.75 103.41 Td (\(0.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 103.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 90.41 Td (Benefits paid) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.75 90.41 Td (\(1.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 90.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 557.75 90.41 Td (\(1.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 90.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 77.41 Td (Change in unrecognized actuarial \(loss\) gain) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.90 77.41 Td (0.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 557.75 77.41 Td (\(1.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 572.80 77.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 64.41 Td (Foreign currency translations) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 469.00 64.41 Td (\(10.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.80 64.41 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.90 64.41 Td (7.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 51.57 Td (Fair value of plan assets at end of year) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.40 51.57 Td (125.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 551.40 51.57 Td (115.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-31) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 738.05 Td (The accumulated benefit obligation for all defined benefit pension plans was $128 million and $1) Tj ET Q q 0 0 0 rg BT 442.06 738.05 Td (1) Tj ET Q q 0 0 0 rg BT 446.45 738.05 Td (1 million at December 31, 2013 ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (and 2012, respectively) Tj ET Q q 0 0 0 rg BT 121.12 726.65 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 704.45 Td (Pension obligations are actuarially determined and are critically af) Tj ET Q q 0 0 0 rg BT 324.01 704.45 Td (fected by the assumptions used, including the expected return on ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 693.05 Td (plan assets, discount rates, compensation increases and employee turnover rates. ) Tj ET Q q 0 0 0 rg BT 343.70 693.05 Td (The Company periodically reviews the assumptions used, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 681.65 Td (and adjusts them and the recorded liabilities as necessary) Tj ET Q q 0 0 0 rg BT 252.24 681.65 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 670.25 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 658.85 Td (The expected rate of return on plan assets and the discount rate applied to projected benefits are particularly important factors in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 647.45 Td (calculating the Company's pension expense and liabilities. ) Tj ET Q q 0 0 0 rg BT 259.69 647.45 Td (The Company evaluates assumptions regarding the estimated rate of return on plan ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 636.05 Td (assets based on historical experience and future expectations on investment returns, which are calculated utilizing the asset allocation classes ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 624.65 Td (held by the plan's portfolios. ) Tj ET Q q 0 0 0 rg BT 146.25 624.65 Td (The discount rate is based on the covered bond rate in Norway) Tj ET Q q 0 0 0 rg BT 383.33 624.65 Td (. Changes in these and other assumptions used in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 613.25 Td (the actuarial computations could impact the projected benefit obligations, pension liabilities, pension expense and other comprehensive ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 601.85 Td (income.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 542.95 319.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 542.95 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 542.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 542.95 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 542.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 542.95 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 516.95 319.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 516.95 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 516.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 516.95 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 516.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 516.95 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 490.95 319.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 490.95 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 490.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 490.95 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 490.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 490.95 69.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 556.95 m 355.5 556.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 556.95 m 430.5 556.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 556.95 m 434.5 556.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 556.95 m 503.5 556.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 556.95 m 507.5 556.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 556.95 m 576.5 556.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 561.18 Td (Assumptions used in calculation of pension obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.00 561.18 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 561.18 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.40 561.18 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 533.86 Td (Rate of compensation increase at the end of year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.40 533.86 Td (3.75) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.05 533.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.40 533.86 Td (3.50) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 495.05 533.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 533.86 Td (4.00) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 533.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 520.86 Td (Discount rate at the end of year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.40 520.86 Td (4.00) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.05 520.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.40 520.86 Td (4.20) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 495.05 520.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 520.86 Td (3.90) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 520.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 507.86 Td (Prescribed pension index factor) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.40 507.86 Td (1.40) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.05 507.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.40 507.86 Td (1.40) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 495.05 507.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 507.86 Td (1.10) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 507.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 494.86 Td (Expected return on plan assets for the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.40 494.86 Td (4.40) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.05 494.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.40 494.86 Td (4.00) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 495.05 494.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 494.86 Td (4.80) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 494.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 481.86 Td (Employee turnover) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.40 481.86 Td (4.00) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.05 481.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.40 481.86 Td (4.00) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 495.05 481.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 481.86 Td (4.00) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 481.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 468.86 Td (Expected increases in Social Security Base) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.40 468.86 Td (3.50) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 422.05 468.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.40 468.86 Td (3.25) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 495.05 468.86 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 468.86 Td (3.75) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 468.86 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 442.65 Td (The weighted-average asset allocation of funds related to the Company's defined benefit plan at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 437.76 442.65 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 512.41 442.65 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 530.88 442.65 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.88 442.65 Td ( was ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 431.25 Td (as follows:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 419.85 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 381.35 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 381.35 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 381.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 381.35 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 355.35 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 355.35 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 355.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 355.35 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 329.35 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 329.35 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 329.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 329.35 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 395.35 m 412.5 395.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 395.35 m 492.5 395.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 395.35 m 496.5 395.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 395.35 m 576.5 395.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 399.58 Td (Pension benefit plan assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.00 399.58 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.00 399.58 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 372.26 Td (Equity securities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 372.26 Td (4.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.05 372.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 372.26 Td (9.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 372.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 359.26 Td (Debt securities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.40 359.26 Td (55.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.05 359.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 359.26 Td (52.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 359.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 346.26 Td (Real estate) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.40 346.26 Td (13.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.05 346.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 346.26 Td (17.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 346.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 333.26 Td (Money market) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.40 333.26 Td (24.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.05 333.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 551.40 333.26 Td (20.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 333.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 320.26 Td (Other) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.15 320.26 Td (1.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.05 320.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.15 320.26 Td (1.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 320.26 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 306.91 Td (Total) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 462.65 306.91 Td (100.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.05 306.91 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 546.65 306.91 Td (100.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 306.91 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 280.05 Td (The investment policies and strategies for the pension benefit plan funds do not use tar) Tj ET Q q 0 0 0 rg BT 401.09 280.05 Td (get allocations for the individual asset ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 268.65 Td (categories. ) Tj ET Q q 0 0 0 rg BT 79.09 268.65 Td (The investment objectives are to maximize returns subject to specific risk management policies. ) Tj ET Q q 0 0 0 rg BT 446.14 268.65 Td (The Company diversifies its ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (allocation of plan assets by investing in both domestic and international fixed income securities and domestic and international equity ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 245.85 Td (securities. ) Tj ET Q q 0 0 0 rg BT 76.46 245.85 Td (These investments are readily marketable and can be sold to fund benefit payment obligations as they become payable. ) Tj ET Q q 0 0 0 rg BT 530.82 245.85 Td (The ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 234.45 Td (estimated yearly return on pension assets was ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 211.45 234.45 Td (4.4%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 231.23 234.45 Td ( in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 243.37 234.45 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 262.37 234.45 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 280.84 234.45 Td (4%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 293.50 234.45 Td ( in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 305.64 234.45 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 324.64 234.45 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 211.65 Td (Cash flows - Contributions expected to be paid) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 188.85 Td (The table below shows the Company's expected annual pension plan contributions under defined benefit plans for the years ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 177.45 Td (2014-2023. ) Tj ET Q q 0 0 0 rg BT 81.74 177.45 Td (The expected payments are based on the assumptions used to measure the Company's obligations at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.11 177.45 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.76 177.45 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 166.05 Td (include estimated future employee services.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-32) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 732.50 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 732.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 706.50 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 706.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 680.50 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 680.50 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 654.50 460.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 654.50 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 732.5 m 496.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 732.5 m 576.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 654.5 m 496.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 654.5 m 576.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 642.5 m 496.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 640.5 m 496.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 642.5 m 576.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 640.5 m 576.5 640.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.60 744.73 Td (Y) Tj ET Q q 0 0 0 rg BT 224.49 744.73 Td (ears ending December) Tj ET Q q 0 0 0 rg BT 300.33 744.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.75 736.73 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 723.41 Td (2014) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 556.35 723.41 Td (19.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 710.41 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 710.07 Td (21.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 697.41 Td (1016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 697.07 Td (22.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 684.41 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 684.07 Td (23.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 671.41 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 671.07 Td (24.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 658.41 Td (2019-2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 658.07 Td (135.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 645.57 Td (Total payments expected during the next 10 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.15 645.23 Td (246.1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 609.60 Td (Note 24 Related party transactions) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 586.80 Td (The ) Tj ET Q q 0 0 0 rg BT 90.12 586.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.42 586.80 Td (transacts ) Tj ET Q q 0 0 0 rg BT 167.01 586.80 Td (business ) Tj ET Q q 0 0 0 rg BT 202.56 586.80 Td (with ) Tj ET Q q 0 0 0 rg BT 222.81 586.80 Td (the ) Tj ET Q q 0 0 0 rg BT 237.77 586.80 Td (following ) Tj ET Q q 0 0 0 rg BT 278.07 586.80 Td (related ) Tj ET Q q 0 0 0 rg BT 307.26 586.80 Td (parties, ) Tj ET Q q 0 0 0 rg BT 338.32 586.80 Td (being ) Tj ET Q q 0 0 0 rg BT 362.78 586.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 406.76 586.80 Td (in ) Tj ET Q q 0 0 0 rg BT 417.50 586.80 Td (which ) Tj ET Q q 0 0 0 rg BT 444.07 586.80 Td (our ) Tj ET Q q 0 0 0 rg BT 460.09 586.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 497.21 586.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 548.58 586.80 Td (Hemen ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 575.40 Td (Holding ) Tj ET Q q 0 0 0 rg BT 69.44 575.40 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 84.93 575.40 Td (and ) Tj ET Q q 0 0 0 rg BT 100.95 575.40 Td (Farahead ) Tj ET Q q 0 0 0 rg BT 138.07 575.40 Td (Investments ) Tj ET Q q 0 0 0 rg BT 186.28 575.40 Td (Inc ) Tj ET Q q 0 0 0 rg BT 200.71 575.40 Td (\(hereafter ) Tj ET Q q 0 0 0 rg BT 239.92 575.40 Td (jointly ) Tj ET Q q 0 0 0 rg BT 267.03 575.40 Td (referred ) Tj ET Q q 0 0 0 rg BT 299.39 575.40 Td (to ) Tj ET Q q 0 0 0 rg BT 309.08 575.40 Td (as ) Tj ET Q q 0 0 0 rg BT 319.29 575.40 Td ("Hemen"\) ) Tj ET Q q 0 0 0 rg BT 359.95 575.40 Td (and ) Tj ET Q q 0 0 0 rg BT 375.96 575.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 418.89 575.40 Td (associated ) Tj ET Q q 0 0 0 rg BT 460.23 575.40 Td (with ) Tj ET Q q 0 0 0 rg BT 479.42 575.40 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 509.16 575.40 Td (have ) Tj ET Q q 0 0 0 rg BT 529.39 575.40 Td (a ) Tj ET Q q 0 0 0 rg BT 535.91 575.40 Td (significant ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 564.00 Td (interest:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 540.60 Td (- ) Tj ET Q q 0 0 0 rg BT 77.54 540.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 109.46 540.60 Td (Limited) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 517.20 Td (- ) Tj ET Q q 0 0 0 rg BT 77.54 517.20 Td (Ship ) Tj ET Q q 0 0 0 rg BT 97.34 517.20 Td (Finance ) Tj ET Q q 0 0 0 rg BT 129.79 517.20 Td (International ) Tj ET Q q 0 0 0 rg BT 180.70 517.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 213.15 517.20 Td (\("Ship ) Tj ET Q q 0 0 0 rg BT 239.99 517.20 Td (Finance"\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 493.80 Td (- ) Tj ET Q q 0 0 0 rg BT 77.54 493.80 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 115.79 493.80 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 153.01 493.80 Td (Inc ) Tj ET Q q 0 0 0 rg BT 167.51 493.80 Td (\("Metrogas"\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 470.40 Td (- ) Tj ET Q q 0 0 0 rg BT 77.54 470.40 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 114.75 470.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 166.72 470.40 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 210.24 470.40 Td (Limited ) Tj ET Q q 0 0 0 rg BT 242.69 470.40 Td (\("Frontline"\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 447.00 Td (- ) Tj ET Q q 0 0 0 rg BT 77.01 447.00 Td (Archer ) Tj ET Q q 0 0 0 rg BT 105.76 447.00 Td (Limited ) Tj ET Q q 0 0 0 rg BT 138.21 447.00 Td (\("Archer"\)) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 400.20 Td (Common control transaction - North ) Tj ET Q q 0 0 0 rg BT 218.14 400.20 Td (Atlantic Restructuring) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 376.80 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 376.80 Td (In addition to the initial N-OTC share issue to Seadrill, the initial installment payment for the ) Tj ET Q q 0 0 0 rg BT 428.81 376.80 Td (W) Tj ET Q q 0 0 0 rg BT 437.02 376.80 Td (est Linus newbuild, the $2,354.8 ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 365.40 Td (million acquisition for the four operating drilling rigs and one newbuild and the $675 million) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 389.56 365.40 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 391.93 365.40 Td (acquisition of the ) Tj ET Q q 0 0 0 rg BT 460.10 365.40 Td (W) Tj ET Q q 0 0 0 rg BT 468.30 365.40 Td (est Phoenix discussed in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 354.00 Td (Note 1 - General information, the Company had the following related party transactions during the years ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 460.74 354.00 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 535.40 354.00 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 540.15 354.00 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.15 354.00 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 342.60 Td (201) Tj ET Q q 0 0 0 rg BT 49.90 342.60 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 54.65 342.60 Td (:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 36.00 319.20 Td (Seadrill Limited transactions) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 295.80 Td (Bond:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 271.80 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 271.80 Td (Seadrill is the holder of all of the bonds in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 271.80 Td ($500 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.19 271.80 Td ( bond. ) Tj ET Q q 0 0 0 rg BT 336.51 271.80 Td (The bond was entered into in ) Tj ET Q q 0 0 0 rg BT 454.81 271.80 Td (April 201) Tj ET Q q 0 0 0 rg BT 493.05 271.80 Td (1 with a coupon of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 259.80 Td (7.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.83 259.80 Td (per annum payable semi-annually in arrears. On December 31, 2012 Seadrill sold it) Tj ET Q q 0 0 0 rg BT 401.45 259.80 Td (s North ) Tj ET Q q 0 0 0 rg BT 433.12 259.80 Td (Atlantic Drilling Ltd unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 247.80 Td (bond of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.33 247.80 Td ($500 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.72 247.80 Td ( to Metrogas, another related party) Tj ET Q q 0 0 0 rg BT 258.35 247.80 Td (, with a call option to repurchase the bond in full for a price equal to par plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 235.80 Td (unpaid accrued interest on the date of repurchase.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 234.24 235.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 236.74 235.80 Td (On May 31, 2013, Seadrill exercised the option to repurchase the bond from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 223.80 Td (Metrogas. Refer also to note 29 \(subsequent event\) for additional details.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 201.00 Td ($210 million Shareholder loan:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 36.00 177.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 177.00 Td (In connection with the North ) Tj ET Q q 0 0 0 rg BT 189.48 177.00 Td (Atlantic Restructuring, Seadrill provided North ) Tj ET Q q 0 0 0 rg BT 380.55 177.00 Td (Atlantic a shareholder loan of $210 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 165.00 Td ($150 million of the loan was converted to equity) Tj ET Q q 0 0 0 rg BT 229.75 165.00 Td (, and the remaining $60 million was repaid in cash in connection with the private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 153.00 Td (placement completed on March 27, 2012. ) Tj ET Q q 0 0 0 rg BT 204.66 153.00 Td (The interest was fixed at 6.0% during the loan period. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 129.60 Td ($85 million Revolving Credit Facility:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 105.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 104.36 105.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 140.94 105.60 Td (North ) Tj ET Q q 0 0 0 rg BT 165.29 105.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 198.71 105.60 Td (an ) Tj ET Q q 0 0 0 rg BT 210.48 105.60 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 251.81 105.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 291.02 105.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 315.46 105.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 345.18 105.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.90 105.60 Td ($200 ) Tj ET Q q 0 0 0 rg BT 377.71 105.60 Td (million ) Tj ET Q q 0 0 0 rg BT 407.97 105.60 Td (in ) Tj ET Q q 0 0 0 rg BT 418.17 105.60 Td (March ) Tj ET Q q 0 0 0 rg BT 445.77 105.60 Td (2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.96 105.60 Td (The ) Tj ET Q q 0 0 0 rg BT 488.46 105.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 519.74 105.60 Td (was ) Tj ET Q q 0 0 0 rg BT 538.25 105.60 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 93.60 Td (from ) Tj ET Q q 0 0 0 rg BT 57.23 93.60 Td ($200 ) Tj ET Q q 0 0 0 rg BT 79.02 93.60 Td (million ) Tj ET Q q 0 0 0 rg BT 109.71 93.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.28 93.60 Td ($335 ) Tj ET Q q 0 0 0 rg BT 141.07 93.60 Td (million ) Tj ET Q q 0 0 0 rg BT 171.75 93.60 Td (on ) Tj ET Q q 0 0 0 rg BT 183.54 93.60 Td (June ) Tj ET Q q 0 0 0 rg BT 203.67 93.60 Td (28, ) Tj ET Q q 0 0 0 rg BT 217.96 93.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 242.25 93.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.48 93.60 Td (then ) Tj ET Q q 0 0 0 rg BT 277.49 93.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 318.70 93.60 Td (to ) Tj ET Q q 0 0 0 rg BT 328.27 93.60 Td ($85 ) Tj ET Q q 0 0 0 rg BT 345.06 93.60 Td (million ) Tj ET Q q 0 0 0 rg BT 375.74 93.60 Td (on ) Tj ET Q q 0 0 0 rg BT 387.53 93.60 Td (November ) Tj ET Q q 0 0 0 rg BT 431.53 93.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 445.82 93.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 469.99 93.60 Td (The ) Tj ET Q q 0 0 0 rg BT 487.33 93.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 511.33 93.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.46 93.60 Td (the ) Tj ET Q q 0 0 0 rg BT 535.47 93.60 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 81.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 67.06 81.60 Td (of ) Tj ET Q q 0 0 0 rg BT 78.13 81.60 Td ($85 ) Tj ET Q q 0 0 0 rg BT 95.87 81.60 Td (million ) Tj ET Q q 0 0 0 rg BT 127.50 81.60 Td (are ) Tj ET Q q 0 0 0 rg BT 142.45 81.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.40 81.60 Td (same ) Tj ET Q q 0 0 0 rg BT 180.69 81.60 Td (as ) Tj ET Q q 0 0 0 rg BT 191.76 81.60 Td (stated ) Tj ET Q q 0 0 0 rg BT 217.82 81.60 Td (in ) Tj ET Q q 0 0 0 rg BT 228.34 81.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.29 81.60 Td (original ) Tj ET Q q 0 0 0 rg BT 277.14 81.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 321.52 81.60 Td (dated ) Tj ET Q q 0 0 0 rg BT 345.91 81.60 Td (March ) Tj ET Q q 0 0 0 rg BT 374.75 81.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 389.99 81.60 Td (2012. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 415.23 81.60 Td (Aggregate ) Tj ET Q q 0 0 0 rg BT 457.40 81.60 Td (drawdowns ) Tj ET Q q 0 0 0 rg BT 503.80 81.60 Td (and ) Tj ET Q q 0 0 0 rg BT 520.12 81.60 Td (repayments ) Tj ET Q q 0 0 0 rg BT 566.51 81.60 Td (on ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 70.20 Td (this ) Tj ET Q q 0 0 0 rg BT 51.86 70.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.90 70.20 Td (during ) Tj ET Q q 0 0 0 rg BT 107.83 70.20 Td (the ) Tj ET Q q 0 0 0 rg BT 121.57 70.20 Td (year ) Tj ET Q q 0 0 0 rg BT 140.05 70.20 Td (ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 164.87 70.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 220.28 70.20 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 239.28 70.20 Td ( ) Tj ET Q q 0 0 0 rg BT 241.42 70.20 Td (were ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 262.01 70.20 Td ($489 ) Tj ET Q q 0 0 0 rg BT 283.14 70.20 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 310.59 70.20 Td ( ) Tj ET Q q 0 0 0 rg BT 312.72 70.20 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 328.57 70.20 Td ($659 ) Tj ET Q q 0 0 0 rg BT 349.70 70.20 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.15 70.20 Td (, ) Tj ET Q q 0 0 0 rg BT 381.66 70.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 426.94 70.20 Td (. ) Tj ET Q q 0 0 0 rg BT 431.29 70.20 Td (The ) Tj ET Q q 0 0 0 rg BT 448.20 70.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 482.52 70.20 Td (date ) Tj ET Q q 0 0 0 rg BT 500.47 70.20 Td (is ) Tj ET Q q 0 0 0 rg BT 508.94 70.20 Td (January ) Tj ET Q q 0 0 0 rg BT 540.62 70.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 554.63 70.20 Td (2015. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 58.80 Td (The ) Tj ET Q q 0 0 0 rg BT 53.15 58.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 83.48 58.80 Td (is ) Tj ET Q q 0 0 0 rg BT 92.20 58.80 Td (Libor ) Tj ET Q q 0 0 0 rg BT 115.68 58.80 Td (plus ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 133.89 58.80 Td (3.00%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 158.43 58.80 Td ( ) Tj ET Q q 0 0 0 rg BT 160.80 58.80 Td (per ) Tj ET Q q 0 0 0 rg BT 175.31 58.80 Td (annum. ) Tj ET Q q 0 0 0 rg BT 205.39 58.80 Td (At ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 217.27 58.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 272.92 58.80 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 291.92 58.80 Td (, ) Tj ET Q q 0 0 0 rg BT 296.67 58.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.65 58.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.97 58.80 Td (had ) Tj ET Q q 0 0 0 rg BT 366.06 58.80 Td (drawn ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.18 58.80 Td ($5 ) Tj ET Q q 0 0 0 rg BT 404.05 58.80 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 431.50 58.80 Td ( ) Tj ET Q q 0 0 0 rg BT 433.88 58.80 Td (from ) Tj ET Q q 0 0 0 rg BT 454.72 58.80 Td (the ) Tj ET Q q 0 0 0 rg BT 468.70 58.80 Td (facility) Tj ET Q q 0 0 0 rg BT 494.99 58.80 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-33) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 749.60 Td ($27.5 million Loan Facility:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 726.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 103.62 726.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 139.45 726.20 Td (North ) Tj ET Q q 0 0 0 rg BT 163.23 726.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 195.90 726.20 Td (an ) Tj ET Q q 0 0 0 rg BT 206.93 726.20 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 247.51 726.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 265.93 726.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 294.90 726.20 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 304.88 726.20 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 328.32 726.20 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 355.77 726.20 Td ( ) Tj ET Q q 0 0 0 rg BT 357.84 726.20 Td (during ) Tj ET Q q 0 0 0 rg BT 384.71 726.20 Td (2012. ) Tj ET Q q 0 0 0 rg BT 408.00 726.20 Td (The ) Tj ET Q q 0 0 0 rg BT 424.84 726.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 459.09 726.20 Td (date ) Tj ET Q q 0 0 0 rg BT 476.98 726.20 Td (is ) Tj ET Q q 0 0 0 rg BT 485.39 726.20 Td (December ) Tj ET Q q 0 0 0 rg BT 526.48 726.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.42 726.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 563.87 726.20 Td (but ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 714.80 Td (North ) Tj ET Q q 0 0 0 rg BT 60.00 714.80 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 92.97 714.80 Td (is ) Tj ET Q q 0 0 0 rg BT 101.67 714.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 132.52 714.80 Td (to ) Tj ET Q q 0 0 0 rg BT 142.27 714.80 Td (prepay ) Tj ET Q q 0 0 0 rg BT 170.48 714.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.45 714.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 203.17 714.80 Td (in ) Tj ET Q q 0 0 0 rg BT 212.92 714.80 Td (full ) Tj ET Q q 0 0 0 rg BT 228.47 714.80 Td (or ) Tj ET Q q 0 0 0 rg BT 238.75 714.80 Td (in ) Tj ET Q q 0 0 0 rg BT 248.50 714.80 Td (part ) Tj ET Q q 0 0 0 rg BT 265.63 714.80 Td (at ) Tj ET Q q 0 0 0 rg BT 274.85 714.80 Td (no ) Tj ET Q q 0 0 0 rg BT 286.71 714.80 Td (penalty) Tj ET Q q 0 0 0 rg BT 314.05 714.80 Td (. ) Tj ET Q q 0 0 0 rg BT 318.62 714.80 Td (The ) Tj ET Q q 0 0 0 rg BT 335.75 714.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 366.08 714.80 Td (is ) Tj ET Q q 0 0 0 rg BT 374.77 714.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 396.65 714.80 Td (at ) Tj ET Q q 0 0 0 rg BT 405.87 714.80 Td (4.0% ) Tj ET Q q 0 0 0 rg BT 428.02 714.80 Td (per ) Tj ET Q q 0 0 0 rg BT 442.51 714.80 Td (annum. ) Tj ET Q q 0 0 0 rg BT 472.94 714.80 Td (The ) Tj ET Q q 0 0 0 rg BT 490.07 714.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 508.79 714.80 Td (was ) Tj ET Q q 0 0 0 rg BT 525.92 714.80 Td (settled ) Tj ET Q q 0 0 0 rg BT 553.08 714.80 Td (in ) Tj ET Q q 0 0 0 rg BT 562.83 714.80 Td (full ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 703.40 Td (on ) Tj ET Q q 0 0 0 rg BT 47.88 703.40 Td (June ) Tj ET Q q 0 0 0 rg BT 67.66 703.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 81.91 703.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 105.66 703.40 Td (due ) Tj ET Q q 0 0 0 rg BT 121.76 703.40 Td (to ) Tj ET Q q 0 0 0 rg BT 131.52 703.40 Td (the ) Tj ET Q q 0 0 0 rg BT 145.50 703.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 162.65 703.40 Td (of ) Tj ET Q q 0 0 0 rg BT 172.94 703.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 204.86 703.40 Td (Nor) Tj ET Q q 0 0 0 rg BT 219.46 703.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 230.28 703.40 Td (AS.) Tj ET Q BT /F1 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 244.80 703.40 Td ( ) Tj ET Q BT /F4 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 680.00 Td (Short- term interest bearing loan to related party:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 656.60 Td (North ) Tj ET Q q 0 0 0 rg BT 96.10 656.60 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 129.18 656.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 160.15 656.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 192.18 656.60 Td (a ) Tj ET Q q 0 0 0 rg BT 198.88 656.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 240.94 656.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 259.78 656.60 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 270.17 656.60 Td ($60 ) Tj ET Q q 0 0 0 rg BT 286.90 656.60 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 314.35 656.60 Td ( ) Tj ET Q q 0 0 0 rg BT 316.83 656.60 Td (on ) Tj ET Q q 0 0 0 rg BT 328.82 656.60 Td (May ) Tj ET Q q 0 0 0 rg BT 348.71 656.60 Td (9, ) Tj ET Q q 0 0 0 rg BT 358.32 656.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 382.18 656.60 Td (of ) Tj ET Q q 0 0 0 rg BT 392.57 656.60 Td (which ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 418.27 656.60 Td ($10 ) Tj ET Q q 0 0 0 rg BT 435.00 656.60 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 462.45 656.60 Td ( ) Tj ET Q q 0 0 0 rg BT 464.93 656.60 Td (was ) Tj ET Q q 0 0 0 rg BT 482.19 656.60 Td (repaid ) Tj ET Q q 0 0 0 rg BT 508.41 656.60 Td (on ) Tj ET Q q 0 0 0 rg BT 520.39 656.60 Td (May ) Tj ET Q q 0 0 0 rg BT 540.29 656.60 Td (23, ) Tj ET Q q 0 0 0 rg BT 554.64 656.60 Td (2012. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 645.20 Td (In ) Tj ET Q q 0 0 0 rg BT 46.86 645.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 83.31 645.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.86 645.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.75 645.20 Td (granted ) Tj ET Q q 0 0 0 rg BT 169.18 645.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 201.67 645.20 Td (a ) Tj ET Q q 0 0 0 rg BT 208.83 645.20 Td (short-term ) Tj ET Q q 0 0 0 rg BT 251.35 645.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 270.65 645.20 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 281.50 645.20 Td ($120 ) Tj ET Q q 0 0 0 rg BT 303.45 645.20 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 330.90 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 333.84 645.20 Td (in ) Tj ET Q q 0 0 0 rg BT 344.17 645.20 Td (June ) Tj ET Q q 0 0 0 rg BT 364.53 645.20 Td (2012. ) Tj ET Q q 0 0 0 rg BT 388.64 645.20 Td (The ) Tj ET Q q 0 0 0 rg BT 406.35 645.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 429.35 645.20 Td (bore ) Tj ET Q q 0 0 0 rg BT 449.17 645.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 480.08 645.20 Td (of ) Tj ET Q q 0 0 0 rg BT 490.93 645.20 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 522.38 645.20 Td (plus ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.16 645.20 Td (1.9%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.95 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 563.89 645.20 Td (per ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 633.80 Td (annum ) Tj ET Q q 0 0 0 rg BT 64.23 633.80 Td (and ) Tj ET Q q 0 0 0 rg BT 80.32 633.80 Td (were ) Tj ET Q q 0 0 0 rg BT 101.16 633.80 Td (fully ) Tj ET Q q 0 0 0 rg BT 121.47 633.80 Td (repaid ) Tj ET Q q 0 0 0 rg BT 147.59 633.80 Td (in ) Tj ET Q q 0 0 0 rg BT 157.35 633.80 Td (July) Tj ET Q q 0 0 0 rg BT 172.57 633.80 Td (, ) Tj ET Q q 0 0 0 rg BT 177.32 633.80 Td (2012. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 610.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 125.56 610.40 Td (guarantees:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 106.08 586.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 143.49 586.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 196.99 586.40 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 242.71 586.40 Td (in ) Tj ET Q q 0 0 0 rg BT 253.46 586.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 300.31 586.40 Td (with ) Tj ET Q q 0 0 0 rg BT 321.06 586.40 Td (the ) Tj ET Q q 0 0 0 rg BT 336.25 586.40 Td (Company) Tj ET Q q 0 0 0 rg BT 377.92 586.40 Td (s ) Tj ET Q q 0 0 0 rg BT 384.78 586.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 417.20 586.40 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 458.77 586.40 Td (and ) Tj ET Q q 0 0 0 rg BT 476.18 586.40 Td (char) Tj ET Q q 0 0 0 rg BT 493.21 586.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 509.51 586.40 Td (the ) Tj ET Q q 0 0 0 rg BT 524.70 586.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 566.56 586.40 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 65.73 574.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 81.01 574.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.42 574.40 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.75 574.40 Td ( ) Tj ET Q q 0 0 0 rg BT 108.82 574.40 Td (of ) Tj ET Q q 0 0 0 rg BT 120.23 574.40 Td (the ) Tj ET Q q 0 0 0 rg BT 135.52 574.40 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 182.46 574.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 215.53 574.40 Td (to ) Tj ET Q q 0 0 0 rg BT 226.38 574.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 260.00 574.40 Td (these ) Tj ET Q q 0 0 0 rg BT 283.63 574.40 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 331.73 574.40 Td (The ) Tj ET Q q 0 0 0 rg BT 350.35 574.40 Td (total ) Tj ET Q q 0 0 0 rg BT 371.20 574.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 404.27 574.40 Td (of ) Tj ET Q q 0 0 0 rg BT 415.68 574.40 Td (such ) Tj ET Q q 0 0 0 rg BT 437.08 574.40 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 482.91 574.40 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.54 574.40 Td ($300 ) Tj ET Q q 0 0 0 rg BT 524.62 574.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.51 574.40 Td ( ) Tj ET Q q 0 0 0 rg BT 556.58 574.40 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.40 Td (January ) Tj ET Q q 0 0 0 rg BT 69.79 562.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 79.99 562.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 102.68 562.40 Td (to ) Tj ET Q q 0 0 0 rg BT 113.16 562.40 Td (October ) Tj ET Q q 0 0 0 rg BT 148.06 562.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.26 562.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 188.45 562.40 Td (and ) Tj ET Q q 0 0 0 rg BT 205.58 562.40 Td ($250 ) Tj ET Q q 0 0 0 rg BT 228.28 562.40 Td (million ) Tj ET Q q 0 0 0 rg BT 259.87 562.40 Td (from ) Tj ET Q q 0 0 0 rg BT 282.00 562.40 Td (November ) Tj ET Q q 0 0 0 rg BT 326.90 562.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 337.10 562.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 359.79 562.40 Td (to ) Tj ET Q q 0 0 0 rg BT 370.27 562.40 Td (December ) Tj ET Q q 0 0 0 rg BT 414.05 562.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 429.24 562.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 454.24 562.40 Td (The ) Tj ET Q q 0 0 0 rg BT 472.48 562.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 508.50 562.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 523.40 562.40 Td (for ) Tj ET Q q 0 0 0 rg BT 537.75 562.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 560.45 562.40 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.40 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 55.92 550.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.82 550.40 Td (. ) Tj ET Q q 0 0 0 rg BT 89.56 550.40 Td (The ) Tj ET Q q 0 0 0 rg BT 107.54 550.40 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 152.71 550.40 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.57 550.40 Td ($300 ) Tj ET Q q 0 0 0 rg BT 196.99 550.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.88 550.40 Td ( ) Tj ET Q q 0 0 0 rg BT 228.31 550.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.17 550.40 Td ($220 ) Tj ET Q q 0 0 0 rg BT 267.59 550.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.49 550.40 Td ( ) Tj ET Q q 0 0 0 rg BT 298.91 550.40 Td (in ) Tj ET Q q 0 0 0 rg BT 309.11 550.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 331.54 550.40 Td (and ) Tj ET Q q 0 0 0 rg BT 348.40 550.40 Td (201) Tj ET Q q 0 0 0 rg BT 363.03 550.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 370.45 550.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 418.11 550.40 Td (, ) Tj ET Q q 0 0 0 rg BT 423.04 550.40 Td ( ) Tj ET Q q 0 0 0 rg BT 425.46 550.40 Td (and ) Tj ET Q q 0 0 0 rg BT 442.33 550.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 478.07 550.40 Td (a ) Tj ET Q q 0 0 0 rg BT 484.93 550.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 499.56 550.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.31 550.40 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 530.24 550.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.13 550.40 Td ( ) Tj ET Q q 0 0 0 rg BT 561.55 550.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.40 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 56.00 538.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 538.40 Td ( ) Tj ET Q q 0 0 0 rg BT 87.39 538.40 Td (for ) Tj ET Q q 0 0 0 rg BT 101.55 538.40 Td (the ) Tj ET Q q 0 0 0 rg BT 116.27 538.40 Td (years ) Tj ET Q q 0 0 0 rg BT 139.87 538.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.24 538.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 224.83 538.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 247.33 538.40 Td (and ) Tj ET Q q 0 0 0 rg BT 264.27 538.40 Td (201) Tj ET Q q 0 0 0 rg BT 278.90 538.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 286.40 538.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 334.06 538.40 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.40 Td (In ) Tj ET Q q 0 0 0 rg BT 46.83 514.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 84.60 514.40 Td (the ) Tj ET Q q 0 0 0 rg BT 99.32 514.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.71 514.40 Td (has ) Tj ET Q q 0 0 0 rg BT 156.54 514.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 185.68 514.40 Td (to ) Tj ET Q q 0 0 0 rg BT 195.96 514.40 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 238.45 514.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 272.05 514.40 Td (for ) Tj ET Q q 0 0 0 rg BT 286.21 514.40 Td (all ) Tj ET Q q 0 0 0 rg BT 298.71 514.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 327.31 514.40 Td (made ) Tj ET Q q 0 0 0 rg BT 351.46 514.40 Td (against ) Tj ET Q q 0 0 0 rg BT 382.29 514.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 415.89 514.40 Td (under ) Tj ET Q q 0 0 0 rg BT 441.16 514.40 Td (the ) Tj ET Q q 0 0 0 rg BT 455.88 514.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.90 514.40 Td (guarantees.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 491.00 Td (Sales of Seadrill Norge ) Tj ET Q q 0 0 0 rg BT 164.54 491.00 Td (AS:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 467.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 467.00 Td (The Company sold the shares in two of its subsidiaries, Seadrill Nor) Tj ET Q q 0 0 0 rg BT 344.56 467.00 Td (ge Holding ) Tj ET Q q 0 0 0 rg BT 391.22 467.00 Td (AS and Seadrill Nor) Tj ET Q q 0 0 0 rg BT 472.42 467.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 483.81 467.00 Td (AS to Seadrill Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 455.00 Td (on June 28, 2013. ) Tj ET Q q 0 0 0 rg BT 109.15 455.00 Td (T) Tj ET Q q 0 0 0 rg BT 114.56 455.00 Td (otal consideration for the shares was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.85 455.00 Td ($154.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.74 455.00 Td (, of) Tj ET Q q 0 0 0 rg BT 334.89 455.00 Td (fset by a liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.70 455.00 Td ($288.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.59 455.00 Td ( that North ) Tj ET Q q 0 0 0 rg BT 519.87 455.00 Td (Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 443.00 Td (Drilling Ltd had against its subsidiaries before the sales. In relation to the common control transaction, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.23 443.00 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.12 443.00 Td ( has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 431.00 Td (recognized as contributed deficit as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.94 431.00 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.52 431.00 Td (. ) Tj ET Q q 0 0 0 rg BT 274.34 431.00 Td (The sales had no cash ef) Tj ET Q q 0 0 0 rg BT 371.62 431.00 Td (fect in the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.18 431.00 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.77 431.00 Td ( and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 419.00 Td (net increased liability has been treated as a drawdown on the increased revolving credit facility provided by Seadrill. ) Tj ET Q q 0 0 0 rg BT 504.82 419.00 Td (The increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 407.00 Td (revolving facility has subsequently been repaid, refer to information provided under section ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.05 407.00 Td ("$85 million Revolving Cr) Tj ET Q q 0 0 0 rg BT 510.26 407.00 Td (edit Facility".) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 371.00 Td (T) Tj ET Q q 0 0 0 rg BT 77.19 371.00 Td (ax Indemnity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 347.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 105.68 347.00 Td (has ) Tj ET Q q 0 0 0 rg BT 121.58 347.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 159.70 347.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.50 347.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.96 347.00 Td (with ) Tj ET Q q 0 0 0 rg BT 236.31 347.00 Td (an ) Tj ET Q q 0 0 0 rg BT 248.32 347.00 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 291.45 347.00 Td (declaration ) Tj ET Q q 0 0 0 rg BT 338.44 347.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 375.46 347.00 Td (to ) Tj ET Q q 0 0 0 rg BT 385.81 347.00 Td (which ) Tj ET Q q 0 0 0 rg BT 412.82 347.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 446.50 347.00 Td (has ) Tj ET Q q 0 0 0 rg BT 462.41 347.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 491.63 347.00 Td (to ) Tj ET Q q 0 0 0 rg BT 501.98 347.00 Td (hold ) Tj ET Q q 0 0 0 rg BT 522.33 347.00 Td (the ) Tj ET Q q 0 0 0 rg BT 537.12 347.00 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 335.00 Td (harmless ) Tj ET Q q 0 0 0 rg BT 74.33 335.00 Td (for ) Tj ET Q q 0 0 0 rg BT 88.78 335.00 Td (any ) Tj ET Q q 0 0 0 rg BT 106.00 335.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.00 335.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 149.89 335.00 Td (exceeding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.21 335.00 Td ($63 ) Tj ET Q q 0 0 0 rg BT 210.99 335.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.88 335.00 Td ( ) Tj ET Q q 0 0 0 rg BT 242.67 335.00 Td (related ) Tj ET Q q 0 0 0 rg BT 272.65 335.00 Td (to ) Tj ET Q q 0 0 0 rg BT 283.22 335.00 Td (the ) Tj ET Q q 0 0 0 rg BT 298.22 335.00 Td (move ) Tj ET Q q 0 0 0 rg BT 323.22 335.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.33 335.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 356.55 335.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 388.22 335.00 Td (to ) Tj ET Q q 0 0 0 rg BT 398.78 335.00 Td (a ) Tj ET Q q 0 0 0 rg BT 406.01 335.00 Td (new ) Tj ET Q q 0 0 0 rg BT 425.45 335.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.45 335.00 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 488.79 335.00 Td (and ) Tj ET Q q 0 0 0 rg BT 506.01 335.00 Td (the ) Tj ET Q q 0 0 0 rg BT 521.01 335.00 Td (use ) Tj ET Q q 0 0 0 rg BT 537.13 335.00 Td (of ) Tj ET Q q 0 0 0 rg BT 548.24 335.00 Td (the ) Tj ET Q q 0 0 0 rg BT 563.24 335.00 Td (US ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 323.00 Td (dollar ) Tj ET Q q 0 0 0 rg BT 62.09 323.00 Td (as ) Tj ET Q q 0 0 0 rg BT 73.18 323.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.16 323.00 Td (functional ) Tj ET Q q 0 0 0 rg BT 131.46 323.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 169.20 323.00 Td (for ) Tj ET Q q 0 0 0 rg BT 183.63 323.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 198.61 323.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 238.02 323.00 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 278.23 323.00 Td (As ) Tj ET Q q 0 0 0 rg BT 292.10 323.00 Td (of ) Tj ET Q q 0 0 0 rg BT 303.20 323.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 362.04 323.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 387.31 323.00 Td (the ) Tj ET Q q 0 0 0 rg BT 402.29 323.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.94 323.00 Td (had ) Tj ET Q q 0 0 0 rg BT 461.14 323.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 507.76 323.00 Td ( ) Tj ET Q q 0 0 0 rg BT 510.52 323.00 Td (a ) Tj ET Q q 0 0 0 rg BT 517.73 323.00 Td (current ) Tj ET Q q 0 0 0 rg BT 548.80 323.00 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 311.00 Td (party ) Tj ET Q q 0 0 0 rg BT 58.66 311.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 101.85 311.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.30 311.00 Td ($79 ) Tj ET Q q 0 0 0 rg BT 129.41 311.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.30 311.00 Td ( ) Tj ET Q q 0 0 0 rg BT 160.41 311.00 Td (related ) Tj ET Q q 0 0 0 rg BT 189.73 311.00 Td (to ) Tj ET Q q 0 0 0 rg BT 199.62 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.95 311.00 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 279.38 311.00 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 325.48 311.00 Td (The ) Tj ET Q q 0 0 0 rg BT 343.14 311.00 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 408.57 311.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 430.12 311.00 Td (was ) Tj ET Q q 0 0 0 rg BT 447.79 311.00 Td (related ) Tj ET Q q 0 0 0 rg BT 477.10 311.00 Td (to ) Tj ET Q q 0 0 0 rg BT 486.99 311.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 520.21 311.00 Td (Nor) Tj ET Q q 0 0 0 rg BT 535.58 311.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 546.67 311.00 Td (AS ) Tj ET Q q 0 0 0 rg BT 561.56 311.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 299.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 69.60 299.00 Td (Nor) Tj ET Q q 0 0 0 rg BT 84.97 299.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 96.91 299.00 Td (Holding ) Tj ET Q q 0 0 0 rg BT 131.64 299.00 Td (AS ) Tj ET Q q 0 0 0 rg BT 146.92 299.00 Td (and ) Tj ET Q q 0 0 0 rg BT 163.86 299.00 Td (settled ) Tj ET Q q 0 0 0 rg BT 192.46 299.00 Td (as ) Tj ET Q q 0 0 0 rg BT 203.29 299.00 Td (part ) Tj ET Q q 0 0 0 rg BT 221.34 299.00 Td (of ) Tj ET Q q 0 0 0 rg BT 232.17 299.00 Td (the ) Tj ET Q q 0 0 0 rg BT 246.89 299.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 303.26 299.00 Td (for ) Tj ET Q q 0 0 0 rg BT 317.42 299.00 Td (the ) Tj ET Q q 0 0 0 rg BT 332.14 299.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 354.08 299.00 Td (of ) Tj ET Q q 0 0 0 rg BT 364.91 299.00 Td (the ) Tj ET Q q 0 0 0 rg BT 379.62 299.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 407.11 299.00 Td (at ) Tj ET Q q 0 0 0 rg BT 416.83 299.00 Td (June ) Tj ET Q q 0 0 0 rg BT 437.66 299.00 Td (28, ) Tj ET Q q 0 0 0 rg BT 452.66 299.00 Td (2013. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 251.00 Td (Operation and Management of the ) Tj ET Q q 0 0 0 rg BT 217.11 251.00 Td (W) Tj ET Q q 0 0 0 rg BT 225.26 251.00 Td (est Hercules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 227.00 Td (T) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 78.11 227.00 Td (he) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 89.45 227.00 Td (W) Tj ET Q q 0 0 0 rg BT 96.49 227.00 Td (est ) Tj ET Q q 0 0 0 rg BT 109.88 227.00 Td (Her) Tj ET Q q 0 0 0 rg BT 124.30 227.00 Td (cules) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 143.82 227.00 Td (, ) Tj ET Q q 0 0 0 rg BT 149.04 227.00 Td (a ) Tj ET Q q 0 0 0 rg BT 156.09 227.00 Td (harsh ) Tj ET Q q 0 0 0 rg BT 179.50 227.00 Td (environment, ) Tj ET Q q 0 0 0 rg BT 232.73 227.00 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 302.58 227.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 333.39 227.00 Td (rig, ) Tj ET Q q 0 0 0 rg BT 349.16 227.00 Td (is ) Tj ET Q q 0 0 0 rg BT 358.33 227.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 386.50 227.00 Td (by ) Tj ET Q q 0 0 0 rg BT 398.83 227.00 Td (a ) Tj ET Q q 0 0 0 rg BT 405.89 227.00 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 463.60 227.00 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 505.49 227.00 Td (of ) Tj ET Q q 0 0 0 rg BT 516.24 227.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 536.50 227.00 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 571.79 227.00 Td (a ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 215.60 Td (related ) Tj ET Q q 0 0 0 rg BT 64.18 215.60 Td (party) Tj ET Q q 0 0 0 rg BT 83.09 215.60 Td (, ) Tj ET Q q 0 0 0 rg BT 87.80 215.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.86 215.60 Td (is ) Tj ET Q q 0 0 0 rg BT 112.54 215.60 Td (controlled ) Tj ET Q q 0 0 0 rg BT 153.40 215.60 Td (by ) Tj ET Q q 0 0 0 rg BT 165.24 215.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 197.13 215.60 Td (through ) Tj ET Q q 0 0 0 rg BT 229.02 215.60 Td (a ) Tj ET Q q 0 0 0 rg BT 235.58 215.60 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 270.63 215.60 Td (charter ) Tj ET Q q 0 0 0 rg BT 299.34 215.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 341.24 215.60 Td (that ) Tj ET Q q 0 0 0 rg BT 357.83 215.60 Td (expires ) Tj ET Q q 0 0 0 rg BT 387.60 215.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.33 215.60 Td (2023. ) Tj ET Q q 0 0 0 rg BT 421.05 215.60 Td (Until ) Tj ET Q q 0 0 0 rg BT 442.92 215.60 Td (October31, ) Tj ET Q q 0 0 0 rg BT 490.11 215.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 513.82 215.60 Td (we ) Tj ET Q q 0 0 0 rg BT 527.24 215.60 Td (operated ) Tj ET Q q 0 0 0 rg BT 562.29 215.60 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 204.20 Td (managed ) Tj ET Q q 0 0 0 rg BT 72.77 204.20 Td (this ) Tj ET Q q 0 0 0 rg BT 88.98 204.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 102.02 204.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 137.21 204.20 Td (to ) Tj ET Q q 0 0 0 rg BT 147.09 204.20 Td (an ) Tj ET Q q 0 0 0 rg BT 158.54 204.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 203.75 204.20 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 238.94 204.20 Td (charter ) Tj ET Q q 0 0 0 rg BT 267.78 204.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 309.83 204.20 Td (that ) Tj ET Q q 0 0 0 rg BT 326.55 204.20 Td (we ) Tj ET Q q 0 0 0 rg BT 340.11 204.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 370.55 204.20 Td (into ) Tj ET Q q 0 0 0 rg BT 387.81 204.20 Td (with ) Tj ET Q q 0 0 0 rg BT 407.18 204.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 439.21 204.20 Td (in ) Tj ET Q q 0 0 0 rg BT 449.09 204.20 Td (July ) Tj ET Q q 0 0 0 rg BT 467.41 204.20 Td (2012. ) Tj ET Q q 0 0 0 rg BT 491.08 204.20 Td (W) Tj ET Q q 0 0 0 rg BT 499.29 204.20 Td (e ) Tj ET Q q 0 0 0 rg BT 505.99 204.20 Td (have ) Tj ET Q q 0 0 0 rg BT 526.40 204.20 Td (subsequently ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 192.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 66.17 192.80 Td (into ) Tj ET Q q 0 0 0 rg BT 83.17 192.80 Td (a ) Tj ET Q q 0 0 0 rg BT 89.60 192.80 Td (management ) Tj ET Q q 0 0 0 rg BT 140.35 192.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 182.13 192.80 Td (with ) Tj ET Q q 0 0 0 rg BT 201.24 192.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 233.01 192.80 Td (which ) Tj ET Q q 0 0 0 rg BT 258.44 192.80 Td (replaced ) Tj ET Q q 0 0 0 rg BT 292.83 192.80 Td (the ) Tj ET Q q 0 0 0 rg BT 306.65 192.80 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 341.57 192.80 Td (charter ) Tj ET Q q 0 0 0 rg BT 370.16 192.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 411.94 192.80 Td (ef) Tj ET Q q 0 0 0 rg BT 419.14 192.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 447.21 192.80 Td (from ) Tj ET Q q 0 0 0 rg BT 467.89 192.80 Td (November1, ) Tj ET Q q 0 0 0 rg BT 519.70 192.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 543.30 192.80 Td (pursuant ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 181.40 Td (to ) Tj ET Q q 0 0 0 rg BT 46.56 181.40 Td (which ) Tj ET Q q 0 0 0 rg BT 72.95 181.40 Td (we ) Tj ET Q q 0 0 0 rg BT 87.20 181.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 123.09 181.40 Td (to ) Tj ET Q q 0 0 0 rg BT 133.65 181.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 164.78 181.40 Td (and ) Tj ET Q q 0 0 0 rg BT 181.67 181.40 Td (manage ) Tj ET Q q 0 0 0 rg BT 214.38 181.40 Td (the) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 228.36 181.40 Td (W) Tj ET Q q 0 0 0 rg BT 235.40 181.40 Td (est ) Tj ET Q q 0 0 0 rg BT 249.13 181.40 Td (Her) Tj ET Q q 0 0 0 rg BT 263.55 181.40 Td (cules) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 283.07 181.40 Td (while ) Tj ET Q q 0 0 0 rg BT 309.73 181.40 Td (it ) Tj ET Q q 0 0 0 rg BT 318.18 181.40 Td (is ) Tj ET Q q 0 0 0 rg BT 327.69 181.40 Td (employed ) Tj ET Q q 0 0 0 rg BT 368.33 181.40 Td (under ) Tj ET Q q 0 0 0 rg BT 393.13 181.40 Td (the ) Tj ET Q q 0 0 0 rg BT 407.91 181.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 439.05 181.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 472.82 181.40 Td (with ) Tj ET Q q 0 0 0 rg BT 492.88 181.40 Td (Statoil. ) Tj ET Q q 0 0 0 rg BT 523.24 181.40 Td (Details ) Tj ET Q q 0 0 0 rg BT 553.32 181.40 Td (of ) Tj ET Q q 0 0 0 rg BT 564.41 181.40 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 170.00 Td (respective ) Tj ET Q q 0 0 0 rg BT 76.88 170.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 122.51 170.00 Td (are ) Tj ET Q q 0 0 0 rg BT 136.49 170.00 Td (as ) Tj ET Q q 0 0 0 rg BT 146.78 170.00 Td (follows:) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 132.6669921875 m 345.6279296875 132.6669921875 l s q 0 0 0 rg BT 72.00 134.00 Td (Bar) Tj ET Q q 0 0 0 rg BT 86.63 134.00 Td (eboat ) Tj ET Q q 0 0 0 rg BT 111.17 134.00 Td (Agr) Tj ET Q q 0 0 0 rg BT 125.79 134.00 Td (eement \(effective July 2012 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q 0 0 0 rg BT 275.33 99.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 308.36 99.20 Td (with ) Tj ET Q q 0 0 0 rg BT 327.68 99.20 Td (Statoil. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.29 99.20 Td (W) Tj ET Q q 0 0 0 rg BT 364.33 99.20 Td (est ) Tj ET Q q 0 0 0 rg BT 377.32 99.20 Td (Her) Tj ET Q q 0 0 0 rg BT 391.74 99.20 Td (cules) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 411.26 99.20 Td ( ) Tj ET Q q 0 0 0 rg BT 413.69 99.20 Td (will ) Tj ET Q q 0 0 0 rg BT 430.90 99.20 Td (be ) Tj ET Q q 0 0 0 rg BT 442.30 99.20 Td (operated ) Tj ET Q q 0 0 0 rg BT 477.44 99.20 Td (by ) Tj ET Q q 0 0 0 rg BT 489.37 99.20 Td (North ) Tj ET Q q 0 0 0 rg BT 513.42 99.20 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 546.46 99.20 Td (through ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 87.80 Td (a ) Tj ET Q q 0 0 0 rg BT 42.59 87.80 Td (commercial ) Tj ET Q q 0 0 0 rg BT 89.81 87.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 131.74 87.80 Td (with ) Tj ET Q q 0 0 0 rg BT 151.01 87.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 182.93 87.80 Td (signed ) Tj ET Q q 0 0 0 rg BT 210.11 87.80 Td (November ) Tj ET Q q 0 0 0 rg BT 252.58 87.80 Td (2012. ) Tj ET Q q 0 0 0 rg BT 276.16 87.80 Td (The ) Tj ET Q q 0 0 0 rg BT 293.31 87.80 Td (key ) Tj ET Q q 0 0 0 rg BT 309.40 87.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 332.88 87.80 Td (of ) Tj ET Q q 0 0 0 rg BT 343.17 87.80 Td (the ) Tj ET Q q 0 0 0 rg BT 357.15 87.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 399.08 87.80 Td (are: ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 76.40 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 60.00 65.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 65.00 Td (Share ) Tj ET Q q 0 0 0 rg BT 109.01 65.00 Td (of ) Tj ET Q q 0 0 0 rg BT 119.29 65.00 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 169.69 65.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 191.07 65.00 Td (and ) Tj ET Q q 0 0 0 rg BT 207.16 65.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 239.60 65.00 Td (are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 253.57 65.00 Td (90%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 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42.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 340.93 42.20 Td (for ) Tj ET Q q 0 0 0 rg BT 354.38 42.20 Td (the ) Tj ET Q q 0 0 0 rg BT 368.36 42.20 Td (use ) Tj ET Q q 0 0 0 rg BT 383.40 42.20 Td (of ) Tj ET Q q 0 0 0 rg BT 393.69 42.20 Td (the ) Tj ET Q q 0 0 0 rg BT 407.67 42.20 Td (rig.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-34) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 749.45 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 60.00 738.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 738.05 Td (Operational ) Tj ET Q q 0 0 0 rg BT 132.22 738.05 Td (risk ) Tj ET Q q 0 0 0 rg BT 148.84 738.05 Td (rests ) Tj ET Q q 0 0 0 rg BT 168.63 738.05 Td (with ) Tj ET Q q 0 0 0 rg BT 187.90 738.05 Td (North ) Tj ET Q q 0 0 0 rg BT 211.91 738.05 Td (Atlantic. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 60.00 715.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 715.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 114.81 715.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 162.03 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.12 715.25 Td (long ) Tj ET Q q 0 0 0 rg BT 197.39 715.25 Td (term ) Tj ET Q q 0 0 0 rg BT 217.17 715.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 267.55 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.84 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.82 715.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 304.75 715.25 Td (is ) Tj ET Q q 0 0 0 rg BT 313.46 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.23 715.25 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 355.42 715.25 Td (s ) Tj ET Q q 0 0 0 rg BT 361.49 715.25 Td (account.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 691.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 691.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 105.90 691.85 Td (has ) Tj ET Q q 0 0 0 rg BT 122.02 691.85 Td (char) Tj ET Q q 0 0 0 rg BT 139.05 691.85 Td (ged ) Tj ET Q q 0 0 0 rg BT 156.28 691.85 Td (North ) Tj ET Q q 0 0 0 rg BT 181.79 691.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 216.80 691.85 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 251.26 691.85 Td (a ) Tj ET Q q 0 0 0 rg BT 258.49 691.85 Td (charter ) Tj ET Q q 0 0 0 rg BT 289.04 691.85 Td (hire ) Tj ET Q q 0 0 0 rg BT 307.38 691.85 Td (fee ) Tj ET Q q 0 0 0 rg BT 322.38 691.85 Td (of ) Tj ET Q q 0 0 0 rg BT 333.50 691.85 Td ($58.5 ) Tj ET Q q 0 0 0 rg BT 358.80 691.85 Td (million ) Tj ET Q q 0 0 0 rg BT 390.48 691.85 Td (under ) Tj ET Q q 0 0 0 rg BT 416.05 691.85 Td (the ) Tj ET Q q 0 0 0 rg BT 431.06 691.85 Td (Bareboat ) Tj ET Q q 0 0 0 rg BT 469.95 691.85 Td (Charter ) Tj ET Q q 0 0 0 rg BT 502.11 691.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 549.33 691.85 Td (for ) Tj ET Q q 0 0 0 rg BT 563.78 691.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 679.85 Td (period ) Tj ET Q q 0 0 0 rg BT 63.90 679.85 Td (from ) Tj ET Q q 0 0 0 rg BT 85.69 679.85 Td (commencement ) Tj ET Q q 0 0 0 rg BT 151.35 679.85 Td (date ) Tj ET Q q 0 0 0 rg BT 170.36 679.85 Td (at ) Tj ET Q q 0 0 0 rg BT 179.93 679.85 Td (January ) Tj ET Q q 0 0 0 rg BT 213.38 679.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 228.24 679.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 250.59 679.85 Td (until ) Tj ET Q q 0 0 0 rg BT 271.28 679.85 Td (October ) Tj ET Q q 0 0 0 rg BT 305.84 679.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 320.69 679.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 345.55 679.85 Td (North ) Tj ET Q q 0 0 0 rg BT 370.71 679.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 405.28 679.85 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 439.29 679.85 Td (has ) Tj ET Q q 0 0 0 rg BT 454.98 679.85 Td (char) Tj ET Q q 0 0 0 rg BT 472.00 679.85 Td (ged ) Tj ET Q q 0 0 0 rg BT 488.80 679.85 Td (Seadrill 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ET Q q 0 0 0 rg BT 391.35 667.85 Td (in ) Tj ET Q q 0 0 0 rg BT 401.51 667.85 Td (the ) Tj ET Q q 0 0 0 rg BT 416.10 667.85 Td (year ) Tj ET Q q 0 0 0 rg BT 435.69 667.85 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.95 667.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 520.41 667.85 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.41 667.85 Td (. ) Tj ET Q q 0 0 0 rg BT 545.29 667.85 Td (In ) Tj ET Q q 0 0 0 rg BT 556.00 667.85 Td (2012 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 655.85 Td (the ) Tj ET Q q 0 0 0 rg BT 51.90 655.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 94.48 655.85 Td (char) Tj ET Q q 0 0 0 rg BT 111.50 655.85 Td (ged ) Tj ET Q q 0 0 0 rg BT 129.63 655.85 Td (Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.42 655.85 Td ($140.5 ) Tj ET Q q 0 0 0 rg BT 195.60 655.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 655.85 Td ( ) Tj ET Q q 0 0 0 rg BT 228.18 655.85 Td (for ) Tj ET Q q 0 0 0 rg BT 243.53 655.85 Td (its ) Tj ET Q q 0 0 0 rg BT 256.66 655.85 Td (share ) Tj ET Q q 0 0 0 rg BT 281.45 655.85 Td (of ) Tj ET Q q 0 0 0 rg BT 293.47 655.85 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 347.70 655.85 Td (costs. ) Tj ET Q q 0 0 0 rg BT 373.62 655.85 Td (There ) Tj ET Q q 0 0 0 rg BT 400.62 655.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.74 655.85 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.74 655.85 Td ( ) Tj ET Q q 0 0 0 rg BT 437.42 655.85 Td (other ) Tj ET Q q 0 0 0 rg BT 461.66 655.85 Td (related ) Tj ET Q q 0 0 0 rg BT 492.54 655.85 Td (party ) Tj ET Q q 0 0 0 rg BT 516.78 655.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 568.23 655.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 643.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 82.37 643.85 Td (with ) Tj ET Q q 0 0 0 rg BT 102.65 643.85 Td (this ) Tj ET Q q 0 0 0 rg BT 119.60 643.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 163.74 643.85 Td (for ) Tj ET Q q 0 0 0 rg BT 177.90 643.85 Td (the ) Tj ET Q q 0 0 0 rg BT 192.62 643.85 Td (year ) Tj ET Q q 0 0 0 rg BT 212.32 643.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 238.70 643.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 297.28 643.85 Td (2012 ) Tj ET Q q 0 0 0 rg BT 319.78 643.85 Td (as ) Tj ET Q q 0 0 0 rg BT 330.61 643.85 Td (the ) Tj ET Q q 0 0 0 rg BT 345.33 643.85 Td (rig ) Tj ET Q q 0 0 0 rg BT 358.94 643.85 Td (had ) Tj ET Q q 0 0 0 rg BT 375.88 643.85 Td (not ) Tj ET Q q 0 0 0 rg BT 391.16 643.85 Td (yet ) Tj ET Q q 0 0 0 rg BT 405.87 643.85 Td (commenced ) Tj ET Q q 0 0 0 rg BT 456.68 643.85 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 500.84 643.85 Td ( ) Tj ET Q q 1 0 0 rg BT 503.34 643.85 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 618.5169921875 m 287.6884765625 618.5169921875 l s q 0 0 0 rg BT 72.00 619.85 Td (T) Tj ET Q q 0 0 0 rg BT 76.64 619.85 Td (ermination ) Tj ET Q q 0 0 0 rg BT 122.85 619.85 Td (Agr) Tj ET Q q 0 0 0 rg BT 137.48 619.85 Td (eement \(effective November1, 2013\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 595.85 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 595.85 Td (e ) Tj ET Q q 0 0 0 rg BT 87.34 595.85 Td (have ) Tj ET Q q 0 0 0 rg BT 108.48 595.85 Td (agreed ) Tj ET Q q 0 0 0 rg BT 137.39 595.85 Td (to ) Tj ET Q q 0 0 0 rg BT 147.44 595.85 Td (assign ) Tj ET Q q 0 0 0 rg BT 174.70 595.85 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.42 595.85 Td (W) Tj ET Q q 0 0 0 rg BT 196.83 595.85 Td (est ) Tj ET Q q 0 0 0 rg BT 210.20 595.85 Td (Her) Tj ET Q q 0 0 0 rg BT 225.38 595.85 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.93 595.85 Td (drilling ) Tj ET Q q 0 0 0 rg BT 280.14 595.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 314.60 595.85 Td (with ) Tj ET Q q 0 0 0 rg BT 334.65 595.85 Td (Statoil ) Tj ET Q q 0 0 0 rg BT 363.03 595.85 Td (to ) Tj ET Q q 0 0 0 rg BT 373.07 595.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 406.44 595.85 Td (and ) Tj ET Q q 0 0 0 rg BT 423.14 595.85 Td (terminate ) Tj ET Q q 0 0 0 rg BT 463.16 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 477.64 595.85 Td (existing ) Tj ET Q q 0 0 0 rg BT 511.57 595.85 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 548.26 595.85 Td (charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 583.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 80.79 583.85 Td (between ) Tj ET Q q 0 0 0 rg BT 117.26 583.85 Td (us ) Tj ET Q q 0 0 0 rg BT 129.31 583.85 Td (and ) Tj ET Q q 0 0 0 rg BT 146.90 583.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 181.16 583.85 Td (ef) Tj ET Q q 0 0 0 rg BT 188.74 583.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 219.10 583.85 Td (from ) Tj ET Q q 0 0 0 rg BT 241.69 583.85 Td (November1, ) Tj ET Q q 0 0 0 rg BT 297.05 583.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 322.71 583.85 Td (No ) Tj ET Q q 0 0 0 rg BT 338.08 583.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 396.78 583.85 Td (was ) Tj ET Q q 0 0 0 rg BT 415.48 583.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 449.73 583.85 Td (by ) Tj ET Q q 0 0 0 rg BT 462.88 583.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 497.14 583.85 Td (in ) Tj ET Q q 0 0 0 rg BT 508.07 583.85 Td (exchange ) Tj ET Q q 0 0 0 rg BT 548.98 583.85 Td (for ) Tj ET Q q 0 0 0 rg BT 563.79 583.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 571.85 Td (assignment, ) Tj ET Q q 0 0 0 rg BT 86.00 571.85 Td (nor ) Tj ET Q q 0 0 0 rg BT 101.83 571.85 Td (was ) Tj ET Q q 0 0 0 rg BT 119.88 571.85 Td (any ) Tj ET Q q 0 0 0 rg BT 136.82 571.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 194.86 571.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 228.45 571.85 Td (by ) Tj ET Q q 0 0 0 rg BT 240.95 571.85 Td (us ) Tj ET Q q 0 0 0 rg BT 252.34 571.85 Td (to ) Tj ET Q q 0 0 0 rg BT 262.62 571.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 296.22 571.85 Td (for ) Tj ET Q q 0 0 0 rg BT 310.38 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 325.10 571.85 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 375.91 571.85 Td (of ) Tj ET Q q 0 0 0 rg BT 386.74 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 401.45 571.85 Td (existing ) Tj ET Q q 0 0 0 rg BT 435.62 571.85 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 472.54 571.85 Td (charter ) Tj ET Q q 0 0 0 rg BT 502.80 571.85 Td (agreement.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 546.5169921875 m 291.365234375 546.5169921875 l s q 0 0 0 rg BT 72.00 547.85 Td (Management ) Tj ET Q q 0 0 0 rg BT 126.53 547.85 Td (Agr) Tj ET Q q 0 0 0 rg BT 141.16 547.85 Td (eement \(effective November 1, 2013\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 523.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 523.85 Td (North ) Tj ET Q q 0 0 0 rg BT 97.28 523.85 Td (Atlantic entered into a management agreement with Seadrill ef) Tj ET Q q 0 0 0 rg BT 348.11 523.85 Td (fective from November 1, 2013 which replaced the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 511.85 Td (existing bareboat charter agreement, pursuant to which North ) Tj ET Q q 0 0 0 rg BT 283.42 511.85 Td (Atlantic will continue to operate and manage the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.57 511.85 Td (W) Tj ET Q q 0 0 0 rg BT 487.98 511.85 Td (est Her) Tj ET Q q 0 0 0 rg BT 516.77 511.85 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.32 511.85 Td ( while it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 499.85 Td (is employed under the drilling contract with Statoil. ) Tj ET Q q 0 0 0 rg BT 244.95 499.85 Td (The key terms of the agreement are: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 479.85 Td ( ) Tj ET Q q 0 0 0 rg BT 38.50 479.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 479.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 105.60 479.85 Td (is ) Tj ET Q q 0 0 0 rg BT 114.77 479.85 Td (to ) Tj ET Q q 0 0 0 rg BT 125.05 479.85 Td (pay ) Tj ET Q q 0 0 0 rg BT 141.99 479.85 Td (North ) Tj ET Q q 0 0 0 rg BT 167.27 479.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 201.98 479.85 Td (a ) Tj ET Q q 0 0 0 rg BT 208.92 479.85 Td (daily ) Tj ET Q q 0 0 0 rg BT 231.41 479.85 Td (management ) Tj ET Q q 0 0 0 rg BT 285.00 479.85 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 459.85 Td ( ) Tj ET Q q 0 0 0 rg BT 38.50 459.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 459.85 Td (North ) Tj ET Q q 0 0 0 rg BT 97.28 459.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 131.99 459.85 Td (is ) Tj ET Q q 0 0 0 rg BT 141.16 459.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 173.65 459.85 Td (to ) Tj ET Q q 0 0 0 rg BT 183.93 459.85 Td (a ) Tj ET Q q 0 0 0 rg BT 190.87 459.85 Td (potential ) Tj ET Q q 0 0 0 rg BT 228.36 459.85 Td (bonus ) Tj ET Q q 0 0 0 rg BT 254.75 459.85 Td (based ) Tj ET Q q 0 0 0 rg BT 280.02 459.85 Td (on ) Tj ET Q q 0 0 0 rg BT 292.52 459.85 Td (economical ) Tj ET Q q 0 0 0 rg BT 341.11 459.85 Td (utilization ) Tj ET Q q 0 0 0 rg BT 384.15 459.85 Td (of ) Tj ET Q q 0 0 0 rg BT 394.98 459.85 Td (the ) Tj ET Q q 0 0 0 rg BT 409.70 459.85 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 439.85 Td ( ) Tj ET Q q 0 0 0 rg BT 38.50 439.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 439.85 Td (All ) Tj ET Q q 0 0 0 rg BT 87.28 439.85 Td (crew ) Tj ET Q q 0 0 0 rg BT 109.21 439.85 Td (services ) Tj ET Q q 0 0 0 rg BT 143.91 439.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 165.30 439.85 Td (be ) Tj ET Q q 0 0 0 rg BT 177.24 439.85 Td (provided ) Tj ET Q q 0 0 0 rg BT 215.29 439.85 Td (by ) Tj ET Q q 0 0 0 rg BT 227.79 439.85 Td (North ) Tj ET Q q 0 0 0 rg BT 253.06 439.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 287.78 439.85 Td (and ) Tj ET Q q 0 0 0 rg BT 304.71 439.85 Td (rechar) Tj ET Q q 0 0 0 rg BT 329.51 439.85 Td (ged ) Tj ET Q q 0 0 0 rg BT 346.45 439.85 Td (to ) Tj ET Q q 0 0 0 rg BT 356.73 439.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 390.33 439.85 Td (with ) Tj ET Q q 0 0 0 rg BT 410.61 439.85 Td (a ) Tj ET Q q 0 0 0 rg BT 417.55 439.85 Td (mar) Tj ET Q q 0 0 0 rg BT 432.91 439.85 Td (gin ) Tj ET Q q 0 0 0 rg BT 448.19 439.85 Td (of ) Tj ET Q q 0 0 0 rg BT 459.02 439.85 Td (7%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 419.85 Td ( ) Tj ET Q q 0 0 0 rg BT 38.50 419.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 419.85 Td (All ) Tj ET Q q 0 0 0 rg BT 87.28 419.85 Td (direct ) Tj ET Q q 0 0 0 rg BT 112.54 419.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 135.04 419.85 Td (related ) Tj ET Q q 0 0 0 rg BT 164.74 419.85 Td (to ) Tj ET Q q 0 0 0 rg BT 175.02 419.85 Td (the ) Tj ET Q q 0 0 0 rg BT 189.74 419.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 233.89 419.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 255.28 419.85 Td (be ) Tj ET Q q 0 0 0 rg BT 267.22 419.85 Td (rechar) Tj ET Q q 0 0 0 rg BT 292.01 419.85 Td (ged ) Tj ET Q q 0 0 0 rg BT 308.95 419.85 Td (to ) Tj ET Q q 0 0 0 rg BT 319.23 419.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 352.83 419.85 Td (with ) Tj ET Q q 0 0 0 rg BT 373.11 419.85 Td (no ) Tj ET Q q 0 0 0 rg BT 385.61 419.85 Td (mar) Tj ET Q q 0 0 0 rg BT 400.98 419.85 Td (gin.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 399.85 Td ( ) Tj ET Q q 0 0 0 rg BT 38.50 399.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 399.85 Td (Operational ) Tj ET Q q 0 0 0 rg BT 121.70 399.85 Td (risk ) Tj ET Q q 0 0 0 rg BT 139.20 399.85 Td (rests ) Tj ET Q q 0 0 0 rg BT 160.03 399.85 Td (with ) Tj ET Q q 0 0 0 rg BT 180.31 399.85 Td (Seadrill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 379.85 Td ( ) Tj ET Q q 0 0 0 rg BT 38.50 379.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 379.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 103.38 379.85 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 153.08 379.85 Td (and ) Tj ET Q q 0 0 0 rg BT 170.02 379.85 Td (long ) Tj ET Q q 0 0 0 rg BT 190.30 379.85 Td (term ) Tj ET Q q 0 0 0 rg BT 211.13 379.85 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 264.15 379.85 Td (of ) Tj ET Q q 0 0 0 rg BT 274.98 379.85 Td (the ) Tj ET Q q 0 0 0 rg BT 289.70 379.85 Td (rig ) Tj ET Q q 0 0 0 rg BT 303.31 379.85 Td (is ) Tj ET Q q 0 0 0 rg BT 312.48 379.85 Td (for ) Tj ET Q q 0 0 0 rg BT 326.64 379.85 Td (Seadrill) Tj ET Q q 0 0 0 rg BT 360.52 379.85 Td (s ) Tj ET Q q 0 0 0 rg BT 366.91 379.85 Td (account.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 359.85 Td ( ) Tj ET Q q 0 0 0 rg BT 38.50 359.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 359.85 Td (North ) Tj ET Q q 0 0 0 rg BT 97.28 359.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 131.99 359.85 Td (is ) Tj ET Q q 0 0 0 rg BT 141.16 359.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 173.65 359.85 Td (to ) Tj ET Q q 0 0 0 rg BT 183.93 359.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 215.29 359.85 Td (and ) Tj ET Q q 0 0 0 rg BT 232.23 359.85 Td (keep ) Tj ET Q q 0 0 0 rg BT 253.61 359.85 Td (all ) Tj ET Q q 0 0 0 rg BT 266.10 359.85 Td (agreed ) Tj ET Q q 0 0 0 rg BT 295.25 359.85 Td (mark-up ) Tj ET Q q 0 0 0 rg BT 331.62 359.85 Td (fee ) Tj ET Q q 0 0 0 rg BT 346.33 359.85 Td (for ) Tj ET Q q 0 0 0 rg BT 360.49 359.85 Td (provision ) Tj ET Q q 0 0 0 rg BT 400.77 359.85 Td (of ) Tj ET Q q 0 0 0 rg BT 411.60 359.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 454.09 359.85 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 347.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 347.85 Td (under ) Tj ET Q q 0 0 0 rg BT 97.27 347.85 Td (the ) Tj ET Q q 0 0 0 rg BT 111.99 347.85 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 146.15 347.85 Td (Contract ) Tj ET Q q 0 0 0 rg BT 183.08 347.85 Td (which ) Tj ET Q q 0 0 0 rg BT 210.02 347.85 Td (are ) Tj ET Q q 0 0 0 rg BT 224.73 347.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 258.32 347.85 Td (by ) Tj ET Q q 0 0 0 rg BT 270.82 347.85 Td (the ) Tj ET Q q 0 0 0 rg BT 285.54 347.85 Td (client.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 323.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 323.85 Td (North ) Tj ET Q q 0 0 0 rg BT 97.28 323.85 Td (Atlantic has char) Tj ET Q q 0 0 0 rg BT 164.85 323.85 Td (ged Seadrill a management fee of $1.5 million and crew costs of $10.5 million under the Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 311.85 Td (Agreement for the period from November 1, 2013 until December 31, 2013.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 288.45 Td (Newbuild installments and project costs) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 265.05 Td (In ) Tj ET Q q 0 0 0 rg BT 82.30 265.05 Td (February ) Tj ET Q q 0 0 0 rg BT 118.98 265.05 Td (201) Tj ET Q q 0 0 0 rg BT 132.88 265.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 142.39 265.05 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 174.32 265.05 Td (paid ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 193.06 265.05 Td ($90.0 ) Tj ET Q q 0 0 0 rg BT 216.82 265.05 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 244.27 265.05 Td ( ) Tj ET Q q 0 0 0 rg BT 246.66 265.05 Td (on ) Tj ET Q q 0 0 0 rg BT 258.54 265.05 Td (North ) Tj ET Q q 0 0 0 rg BT 282.57 265.05 Td (Atlantic) Tj ET Q q 0 0 0 rg BT 315.81 265.05 Td (s ) Tj ET Q q 0 0 0 rg BT 321.89 265.05 Td (behalf ) Tj ET Q q 0 0 0 rg BT 348.01 265.05 Td (in ) Tj ET Q q 0 0 0 rg BT 357.79 265.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 387.07 265.05 Td (of ) Tj ET Q q 0 0 0 rg BT 397.37 265.05 Td (the ) Tj ET Q q 0 0 0 rg BT 411.36 265.05 Td (first ) Tj ET Q q 0 0 0 rg BT 429.05 265.05 Td (installment ) Tj ET Q q 0 0 0 rg BT 473.66 265.05 Td (to ) Tj ET Q q 0 0 0 rg BT 483.43 265.05 Td (the ) Tj ET Q q 0 0 0 rg BT 497.42 265.05 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 532.53 265.05 Td (on ) Tj ET Q q 0 0 0 rg BT 544.41 265.05 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 558.40 265.05 Td (W) Tj ET Q q 0 0 0 rg BT 565.44 265.05 Td (est ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 36.00 253.65 Td (Linus) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.12 253.65 Td ( ) Tj ET Q q 0 0 0 rg BT 59.50 253.65 Td (newbuild. ) Tj ET Q q 0 0 0 rg BT 99.60 253.65 Td (North ) Tj ET Q q 0 0 0 rg BT 123.62 253.65 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 156.60 253.65 Td (repaid ) Tj ET Q q 0 0 0 rg BT 182.71 253.65 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 214.63 253.65 Td (in ) Tj ET Q q 0 0 0 rg BT 224.40 253.65 Td (full ) Tj ET Q q 0 0 0 rg BT 239.96 253.65 Td (in ) Tj ET Q q 0 0 0 rg BT 249.73 253.65 Td (October ) Tj ET Q q 0 0 0 rg BT 282.70 253.65 Td (201) Tj ET Q q 0 0 0 rg BT 296.60 253.65 Td (1. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 230.25 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 104.17 230.25 Td (paid ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 123.15 230.25 Td ($31.1 ) Tj ET Q q 0 0 0 rg BT 147.15 230.25 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 174.60 230.25 Td ( ) Tj ET Q q 0 0 0 rg BT 177.22 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.76 230.25 Td (project ) Tj ET Q q 0 0 0 rg BT 216.76 230.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 238.38 230.25 Td (related ) Tj ET Q q 0 0 0 rg BT 266.85 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.86 230.25 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 291.09 230.25 Td (W) Tj ET Q q 0 0 0 rg BT 298.13 230.25 Td (est ) Tj ET Q q 0 0 0 rg BT 311.31 230.25 Td (Elara) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 332.95 230.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.57 230.25 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 373.55 230.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.67 230.25 Td (North ) Tj ET Q q 0 0 0 rg BT 409.88 230.25 Td (Atlantic) Tj ET Q q 0 0 0 rg BT 443.13 230.25 Td (s ) Tj ET Q q 0 0 0 rg BT 449.45 230.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 475.81 230.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 520.12 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.35 230.25 Td (year ) Tj ET Q q 0 0 0 rg BT 553.32 230.25 Td (ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 218.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 91.66 218.85 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 110.66 218.85 Td (. ) Tj ET Q q 0 0 0 rg BT 115.41 218.85 Td (North ) Tj ET Q q 0 0 0 rg BT 139.42 218.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 172.40 218.85 Td (repaid ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 198.51 218.85 Td ($19.6 ) Tj ET Q q 0 0 0 rg BT 222.26 218.85 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 249.71 218.85 Td ( ) Tj ET Q q 0 0 0 rg BT 252.08 218.85 Td (to ) Tj ET Q q 0 0 0 rg BT 261.85 218.85 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 293.77 218.85 Td (in ) Tj ET Q q 0 0 0 rg BT 303.54 218.85 Td (October ) Tj ET Q q 0 0 0 rg BT 336.51 218.85 Td (201) Tj ET Q q 0 0 0 rg BT 350.41 218.85 Td (1. ) Tj ET Q q 0 0 0 rg BT 359.91 218.85 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 172.05 Td (Management services:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 148.05 Td (North ) Tj ET Q q 0 0 0 rg BT 97.31 148.05 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 132.06 148.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 186.79 148.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 223.77 148.05 Td (all ) Tj ET Q q 0 0 0 rg BT 236.30 148.05 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 282.15 148.05 Td (management ) Tj ET Q q 0 0 0 rg BT 335.78 148.05 Td (functions ) Tj ET Q q 0 0 0 rg BT 375.53 148.05 Td (to ) Tj ET Q q 0 0 0 rg BT 385.85 148.05 Td (the ) Tj ET Q q 0 0 0 rg BT 400.60 148.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.02 148.05 Td (and ) Tj ET Q q 0 0 0 rg BT 459.00 148.05 Td (its ) Tj ET Q q 0 0 0 rg BT 470.98 148.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg 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0 0 0 rg BT 357.09 52.05 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.16 749.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.66 749.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.71 749.10 Td (its ) Tj ET Q q 0 0 0 rg BT 156.78 749.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 205.61 749.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 257.75 749.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.14 749.10 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 305.41 749.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 335.89 749.10 Td 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36.00 641.70 Td (administrative ) Tj ET Q q 0 0 0 rg BT 95.59 641.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 134.08 641.70 Td (was ) Tj ET Q q 0 0 0 rg BT 152.02 641.70 Td ($19.7 ) Tj ET Q q 0 0 0 rg BT 176.90 641.70 Td (million ) Tj ET Q q 0 0 0 rg BT 208.18 641.70 Td (for ) Tj ET Q q 0 0 0 rg BT 222.23 641.70 Td (the ) Tj ET Q q 0 0 0 rg BT 236.83 641.70 Td (year ) Tj ET Q q 0 0 0 rg BT 256.43 641.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 282.69 641.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 341.16 641.70 Td (201) Tj ET Q q 0 0 0 rg BT 355.79 641.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 365.68 641.70 Td (Interest ) Tj ET Q q 0 0 0 rg BT 398.05 641.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 432.64 641.70 Td (related ) Tj ET Q q 0 0 0 rg BT 462.23 641.70 Td (to ) Tj ET Q q 0 0 0 rg BT 472.40 641.70 Td (general ) Tj ET Q q 0 0 0 rg BT 504.21 641.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 544.35 641.70 Td (purpose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 55.98 629.70 Td (allocated ) Tj ET Q q 0 0 0 rg BT 94.82 629.70 Td (to ) Tj ET Q q 0 0 0 rg BT 105.36 629.70 Td (the ) Tj ET Q q 0 0 0 rg BT 120.34 629.70 Td (NADL) Tj ET Q q 0 0 0 rg BT 147.74 629.70 Td ( ) Tj ET Q q 0 0 0 rg BT 150.50 629.70 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 197.15 629.70 Td (was ) Tj ET Q q 0 0 0 rg BT 215.46 629.70 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 235.72 629.70 Td (million ) Tj ET Q q 0 0 0 rg BT 267.37 629.70 Td (for ) Tj ET Q q 0 0 0 rg BT 281.79 629.70 Td (the ) Tj ET Q q 0 0 0 rg BT 296.76 629.70 Td (year ) Tj ET Q q 0 0 0 rg BT 316.73 629.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 343.36 629.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 402.21 629.70 Td (201) Tj ET Q q 0 0 0 rg BT 416.83 629.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 426.89 629.70 Td (The ) Tj ET Q q 0 0 0 rg BT 445.20 629.70 Td (derivatives) Tj ET Q q 0 0 0 rg BT 491.66 629.70 Td ( ) Tj ET Q q 0 0 0 rg BT 494.42 629.70 Td (gain ) Tj ET Q q 0 0 0 rg BT 514.39 629.70 Td (allocated ) Tj ET Q q 0 0 0 rg BT 553.24 629.70 Td (to ) Tj ET Q q 0 0 0 rg BT 563.78 629.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.70 Td (NADL) Tj ET Q q 0 0 0 rg BT 63.40 617.70 Td ( ) Tj ET Q q 0 0 0 rg BT 65.09 617.70 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 110.68 617.70 Td (and ) Tj ET Q q 0 0 0 rg BT 126.81 617.70 Td (included ) Tj ET Q q 0 0 0 rg BT 162.93 617.70 Td (in ) Tj ET Q q 0 0 0 rg BT 172.40 617.70 Td (other ) Tj ET Q q 0 0 0 rg BT 194.64 617.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.31 617.70 Td (items ) Tj ET Q q 0 0 0 rg BT 254.66 617.70 Td (was ) Tj ET Q q 0 0 0 rg BT 271.91 617.70 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 291.10 617.70 Td (million ) Tj ET Q q 0 0 0 rg BT 321.68 617.70 Td (for ) Tj ET Q q 0 0 0 rg BT 335.03 617.70 Td (the ) Tj ET Q q 0 0 0 rg BT 348.94 617.70 Td (year ) Tj ET Q q 0 0 0 rg BT 367.84 617.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 393.40 617.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 451.18 617.70 Td (201) Tj ET Q q 0 0 0 rg BT 465.81 617.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 474.88 617.70 Td (There ) Tj ET Q q 0 0 0 rg BT 499.88 617.70 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 617.70 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 617.70 Td ( ) Tj ET Q q 0 0 0 rg BT 532.69 617.70 Td (allocations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.70 Td (to ) Tj ET Q q 0 0 0 rg BT 46.28 605.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.00 605.70 Td (Company) Tj ET Q q 0 0 0 rg BT 102.66 605.70 Td (s ) Tj ET Q q 0 0 0 rg BT 109.05 605.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 162.09 605.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.57 605.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 244.29 605.70 Td (for ) Tj ET Q q 0 0 0 rg BT 258.45 605.70 Td (the ) Tj ET Q q 0 0 0 rg BT 273.16 605.70 Td (year ) Tj ET Q q 0 0 0 rg BT 292.87 605.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.25 605.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 377.83 605.70 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.83 605.70 Td ( ) Tj ET Q q 0 0 0 rg BT 400.33 605.70 Td (and ) Tj ET Q q 0 0 0 rg BT 417.27 605.70 Td (2012.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 582.30 Td (Ship Finance transactions) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 558.90 Td (Sale and leaseback contract:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 534.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 534.90 Td (The Company entered into sale and leaseback transaction with Ship Finance for the newbuild jack-up rig, ) Tj ET Q q 0 0 0 rg BT 496.41 534.90 Td (W) Tj ET Q q 0 0 0 rg BT 505.05 534.90 Td (est Linus, in June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 522.90 Td (2013. ) Tj ET Q q 0 0 0 rg BT 60.82 522.90 Td (The total consideration is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.68 522.90 Td ($600 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.07 522.90 Td (, whereof ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.33 522.90 Td ($195 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.72 522.90 Td ( has been paid to North ) Tj ET Q q 0 0 0 rg BT 402.70 522.90 Td (Atlantic on closing of the agreement, while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 510.90 Td (the remaining balance of the purchase price shall be paid at delivery of the rig. ) Tj ET Q q 0 0 0 rg BT 352.36 510.90 Td (The ) Tj ET Q q 0 0 0 rg BT 370.22 510.90 Td (W) Tj ET Q q 0 0 0 rg BT 378.86 510.90 Td (est Linus will be chartered back to North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 498.90 Td (Atlantic on a bareboat charter for a period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.30 498.90 Td (15 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.90 498.90 Td (, wherein North ) Tj ET Q q 0 0 0 rg BT 315.89 498.90 Td (Atlantic has been granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.29 498.90 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.95 498.90 Td ( purchase options. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 486.90 Td (Ship Finance has an option to sell the acquired shares back to North ) Tj ET Q q 0 0 0 rg BT 309.55 486.90 Td (Atlantic with immediate ef) Tj ET Q q 0 0 0 rg BT 416.83 486.90 Td (fect for an amount equal to all) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 474.90 Td (cash payments made by Ship Finance plus interests and expenses, if the rig has not been successfully delivered from the yard and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 462.90 Td (unconditionally accepted by us by 28 February) Tj ET Q q 0 0 0 rg BT 223.08 462.90 Td (, 2014. Subsequent to December 31, 2013, we have taken delivery of the rigrefer note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 450.90 Td (29 \(subsequent event\). Ship Finance also has an option to sell the rig back to North ) Tj ET Q q 0 0 0 rg BT 370.11 450.90 Td (Atlantic at the end of the charter period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 426.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 426.90 Td (Seadrill has granted a guarantee in the principal amount of up to $525 million issued in favor of Ship Finance, which will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 414.90 Td (become payable in the event that the ) Tj ET Q q 0 0 0 rg BT 184.37 414.90 Td (W) Tj ET Q q 0 0 0 rg BT 193.01 414.90 Td (est Linus is not unconditionally accepted by the charterer by June 30, 2014. ) Tj ET Q q 0 0 0 rg BT 497.47 414.90 Td (The guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 402.90 Td (given by Seadrill commenced on February 13, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 378.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 378.90 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 378.90 Td (e have determined that the Ship Finance subsidiary) Tj ET Q q 0 0 0 rg BT 284.10 378.90 Td (, which owns the rig, is a variable interest entity \(VIE\), and that North) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 366.90 Td (Atlantic is the primary beneficiary of the risks and rewards connected with the ownership of the rig and the charter contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 354.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 85.34 354.90 Td (, the ) Tj ET Q q 0 0 0 rg BT 104.87 354.90 Td (VIE is consolidated in our financial statements. ) Tj ET Q q 0 0 0 rg BT 296.86 354.90 Td (The Company did not record any gain or loss from the sale of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 342.90 Td (unit, as it continued to be reported as asset at its original cost in the Company's consolidated balance sheet at the time of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 330.90 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 84.32 330.90 Td (At December 31, 2013, the unit is reported under Newbuildings in the Company) Tj ET Q q 0 0 0 rg BT 408.70 330.90 Td (s consolidated balance sheet. ) Tj ET Q q 0 0 0 rg BT 526.16 330.90 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 318.90 Td (disclosure about the ) Tj ET Q q 0 0 0 rg BT 118.30 318.90 Td (VIE has been provided in Note 27.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 283.50 Td ($195 million) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 121.36 283.50 Td ( Loan Facility:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 259.50 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 259.50 Td (Ship Finance granted the ) Tj ET Q q 0 0 0 rg BT 174.02 259.50 Td (VIE company) Tj ET Q q 0 0 0 rg BT 229.18 259.50 Td (, SFL) Tj ET Q q 0 0 0 rg BT 251.04 259.50 Td ( Linus Ltd, an unsecured loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.23 259.50 Td ($195 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.62 259.50 Td ( on June28, 2013 to be repaid at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 247.50 Td (the earlier of June 30, 2029 or date of sale of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.32 247.50 Td (W) Tj ET Q q 0 0 0 rg BT 239.73 247.50 Td (est Linus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.07 247.50 Td (rig. ) Tj ET Q q 0 0 0 rg BT 294.00 247.50 Td (The loan does not bear interest, however) Tj ET Q q 0 0 0 rg BT 456.04 247.50 Td (, Ship Finance reserves the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 235.50 Td (right to char) Tj ET Q q 0 0 0 rg BT 84.69 235.50 Td (ge interest once the rig is delivered from the shipyard. ) Tj ET Q q 0 0 0 rg BT 303.05 235.50 Td (The proceeds of this loan will be used to finance the acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 223.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.72 223.50 Td (W) Tj ET Q q 0 0 0 rg BT 58.13 223.50 Td (est Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.97 223.50 Td (. ) Tj ET Q q 0 0 0 rg BT 98.79 223.50 Td (The loan is presented as long term debt to related parties on our balance sheet on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.23 223.50 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.82 223.50 Td (. ) Tj ET Q q 0 0 0 rg BT 507.26 223.50 Td (As of December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 211.50 Td (31, 2013, the Company has paid $1.5 million in loan fees.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 188.10 Td ($475 million Loan Facility:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 164.10 Td (On October 17, 2013, SFL) Tj ET Q q 0 0 0 rg BT 178.29 164.10 Td ( Linus Ltd entered into a $475 million secured term loan and revolving credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 152.10 Td (facility with a syndicate of banks to fund the acquisition of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 274.00 152.10 Td (W) Tj ET Q q 0 0 0 rg BT 281.41 152.10 Td (est Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 152.10 Td (, which has been pledged as security) Tj ET Q q 0 0 0 rg BT 462.39 152.10 Td (. SFL) Tj ET Q q 0 0 0 rg BT 484.25 152.10 Td ( Linus Ltd will not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 140.10 Td (able to draw down on the loan until it has taken delivery of the rig and various customary conditions, as specified in the loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 128.10 Td (agreement, have been satisfied. ) Tj ET Q q 0 0 0 rg BT 163.54 128.10 Td (The rig was delivered February 18, 2014. Refer also to note 29 \(subsequent event\) for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 116.10 Td (details.The facility will bear interest at LIBOR plus maturity date. ) Tj ET Q q 0 0 0 rg BT 302.04 116.10 Td (As of December 31, the Company has paid $2.2 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 104.10 Td (commitment fees.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 36.00 44.70 Td (Ar) Tj ET Q q 0 0 0 rg BT 45.15 44.70 Td (cher ) Tj ET Q q 0 0 0 rg BT 64.40 44.70 Td (transactions) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 215 0 obj <>] /Rotate 0 /Contents 216 0 R>> endobj 216 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-36) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 726.65 Td (Archer Engineering Services:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 702.65 Td (North ) Tj ET Q q 0 0 0 rg BT 97.88 702.65 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 133.35 702.65 Td (received ) Tj ET Q q 0 0 0 rg BT 170.48 702.65 Td (engineering ) Tj ET Q q 0 0 0 rg BT 220.95 702.65 Td (services ) Tj ET Q q 0 0 0 rg BT 256.43 702.65 Td (from ) Tj ET Q q 0 0 0 rg BT 279.13 702.65 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 329.61 702.65 Td (of ) Tj ET Q q 0 0 0 rg BT 340.49 702.65 Td (Archer ) Tj ET Q q 0 0 0 rg BT 371.51 702.65 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 390.93 702.65 Td (The ) Tj ET Q q 0 0 0 rg BT 409.75 702.65 Td (char) Tj ET Q q 0 0 0 rg BT 426.77 702.65 Td (ged ) Tj ET Q q 0 0 0 rg BT 444.48 702.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 477.74 702.65 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.56 702.65 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 517.32 702.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.22 702.65 Td ( ) Tj ET Q q 0 0 0 rg BT 549.48 702.65 Td (, ) Tj ET Q q 0 0 0 rg BT 555.25 702.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.52 702.65 Td ($3.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 690.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.89 690.65 Td ( ) Tj ET Q q 0 0 0 rg BT 66.77 690.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.08 690.65 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 102.46 690.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.35 690.65 Td ( ) Tj ET Q q 0 0 0 rg BT 133.23 690.65 Td (for ) Tj ET Q q 0 0 0 rg BT 146.77 690.65 Td (the ) Tj ET Q q 0 0 0 rg BT 160.86 690.65 Td (years ) Tj ET Q q 0 0 0 rg BT 183.84 690.65 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 690.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 267.56 690.65 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.56 690.65 Td (, ) Tj ET Q q 0 0 0 rg BT 291.93 690.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.81 690.65 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.81 690.65 Td ( ) Tj ET Q q 0 0 0 rg BT 315.69 690.65 Td (and ) Tj ET Q q 0 0 0 rg BT 332.00 690.65 Td (201) Tj ET Q q 0 0 0 rg BT 346.63 690.65 Td (1, ) Tj ET Q q 0 0 0 rg BT 356.01 690.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 403.67 690.65 Td (. ) Tj ET Q q 0 0 0 rg BT 407.63 690.65 Td (Archer ) Tj ET Q q 0 0 0 rg BT 437.27 690.65 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 455.53 690.65 Td (is ) Tj ET Q q 0 0 0 rg BT 464.08 690.65 Td (a ) Tj ET Q q 0 0 0 rg BT 470.40 690.65 Td (company ) Tj ET Q q 0 0 0 rg BT 508.93 690.65 Td (in ) Tj ET Q q 0 0 0 rg BT 518.59 690.65 Td (which ) Tj ET Q q 0 0 0 rg BT 544.90 690.65 Td (Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 678.65 Td (Limited ) Tj ET Q q 0 0 0 rg BT 70.16 678.65 Td (is ) Tj ET Q q 0 0 0 rg BT 79.33 678.65 Td (a ) Tj ET Q q 0 0 0 rg BT 86.27 678.65 Td (lar) Tj ET Q q 0 0 0 rg BT 96.63 678.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 108.57 678.65 Td (shareholder) Tj ET Q q 0 0 0 rg BT 154.67 678.65 Td (.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 655.25 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 631.85 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 608.45 Td (Related Party Balances:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 585.05 Td (The ) Tj ET Q q 0 0 0 rg BT 89.15 585.05 Td (following ) Tj ET Q q 0 0 0 rg BT 128.46 585.05 Td (are ) Tj ET Q q 0 0 0 rg BT 142.44 585.05 Td (the ) Tj ET Q q 0 0 0 rg BT 156.42 585.05 Td (related ) Tj ET Q q 0 0 0 rg BT 184.64 585.05 Td (party ) Tj ET Q q 0 0 0 rg BT 206.53 585.05 Td (balances ) Tj ET Q q 0 0 0 rg BT 241.61 585.05 Td (as ) Tj ET Q q 0 0 0 rg BT 251.90 585.05 Td (at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 261.13 585.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 316.79 585.05 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 335.79 585.05 Td ( ) Tj ET Q q 0 0 0 rg BT 338.16 585.05 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.25 585.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 409.91 585.05 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 428.91 585.05 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 537.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 537.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 537.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 537.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 511.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 511.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 511.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 511.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 485.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 485.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 485.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 485.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 459.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 459.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 459.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 459.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 433.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 433.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 433.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 433.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 407.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 407.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 407.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 407.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 381.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 381.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 381.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 381.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 355.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 355.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 355.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 355.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 329.55 376.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 329.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 329.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 329.55 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 537.55 m 411.5 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 537.55 m 491.5 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 537.55 m 575.5 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 473.55 m 491.5 473.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 471.55 m 491.5 471.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 473.55 m 495.5 473.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 471.55 m 495.5 471.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 473.55 m 575.5 473.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 471.55 m 575.5 471.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 356.55 m 491.5 356.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 354.55 m 491.5 354.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 356.55 m 495.5 356.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 354.55 m 495.5 354.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 356.55 m 575.5 356.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 354.55 m 575.5 354.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 303.55 m 491.5 303.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 303.55 m 495.5 303.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 303.55 m 575.5 303.55 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 542.22 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.90 552.22 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 542.22 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 552.22 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 542.22 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 528.12 Td (Receivables:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 515.12 Td (Seadrill Ltd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 515.12 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.50 515.12 Td (102.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 502.12 Td (Seadrill Offshore AS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 502.12 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 502.12 Td (140.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 489.12 Td (Seadrill Management AS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 489.12 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 489.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 476.12 Td (Amount due from related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 476.12 Td (5.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.50 476.12 Td (242.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 463.12 Td (Payables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 450.12 Td (Seadrill Insurance Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 450.12 Td (3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 450.12 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 437.12 Td (Seadrill Management UK Ltd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 437.12 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 437.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 424.12 Td (Seadrill Management AS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 424.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 424.12 Td (7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 411.12 Td (Seadrill Deepwater Crewing Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 411.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.50 411.12 Td (11.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 398.12 Td (Seadrill Deepwater Units Pte Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 398.12 Td (6.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 398.12 Td (12.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 385.12 Td (Seadrill Eminence Ltd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 385.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 385.12 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 372.12 Td (Other Seadrill subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 372.12 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 372.12 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 359.12 Td (Amount due to related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 359.12 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.50 359.12 Td (47.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 346.12 Td (Revolving credit facility from Seadrill Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 346.12 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 346.12 Td (175.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 333.12 Td ($27.5 Million shareholder loan facility provided by Seadrill Eminence Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 333.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 333.12 Td (27.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 320.12 Td (Bond loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 320.12 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.50 320.12 Td (500.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 307.12 Td (Non-current related party loan from Ship Finance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 307.12 Td (195.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 307.12 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 280.65 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 280.65 Td (Receivables and payables with related parties arise when the Company pays an invoice on behalf of a related party and vice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 268.65 Td (versa. Receivables and payables are generally settled monthly in arrears. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 244.65 Td (Amounts due to and from Seadrill Limited and its subsidiaries under business operations are unsecured, interest-free and intended to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 232.65 Td (be settled in the ordinary course of business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 208.65 Td (Interest char) Tj ET Q q 0 0 0 rg BT 85.51 208.65 Td (ged relating to the bond loan and shareholder loan to Seadrill for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.35 208.65 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.93 208.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.93 208.65 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.93 208.65 Td ( and 201) Tj ET Q q 0 0 0 rg BT 545.00 208.65 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 196.65 Td (amounted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.21 196.65 Td ($44.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.10 196.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.10 196.65 Td ($43.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 196.65 Td ( and $38.7 million, respectively) Tj ET Q q 0 0 0 rg BT 326.99 196.65 Td (. Interest char) Tj ET Q q 0 0 0 rg BT 381.50 196.65 Td (ged relating to the loan facility from Seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 184.65 Td (Eminence for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.44 184.65 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.03 184.65 Td ( amounted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.74 184.65 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.63 184.65 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 163.60 Td (Note 25 Risk management and financial instruments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 140.80 Td (The ) Tj ET Q q 0 0 0 rg BT 89.12 140.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 123.67 140.80 Td (of ) Tj ET Q q 0 0 0 rg BT 133.93 140.80 Td (our ) Tj ET Q q 0 0 0 rg BT 148.95 140.80 Td (gross ) Tj ET Q q 0 0 0 rg BT 171.36 140.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 205.90 140.80 Td (from ) Tj ET Q q 0 0 0 rg BT 226.72 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 240.68 140.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 285.39 140.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 315.72 140.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 332.32 140.80 Td (are ) Tj ET Q q 0 0 0 rg BT 346.27 140.80 Td (receivable ) Tj ET Q q 0 0 0 rg BT 387.65 140.80 Td (in ) Tj ET Q q 0 0 0 rg BT 397.40 140.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 416.64 140.80 Td (dollars ) Tj ET Q q 0 0 0 rg BT 444.86 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 460.93 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 474.89 140.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 509.43 140.80 Td (of ) Tj ET Q q 0 0 0 rg BT 519.70 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 533.66 140.80 Td (Company's ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 129.40 Td (other ) Tj ET Q q 0 0 0 rg BT 58.08 129.40 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 108.40 129.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 133.13 129.40 Td (and ) Tj ET Q q 0 0 0 rg BT 149.41 129.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 187.33 129.40 Td (are ) Tj ET Q q 0 0 0 rg BT 201.49 129.40 Td (denominated ) Tj ET Q q 0 0 0 rg BT 253.13 129.40 Td (in ) Tj ET Q q 0 0 0 rg BT 263.08 129.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 282.54 129.40 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 313.33 129.40 Td (the ) Tj ET Q q 0 0 0 rg BT 327.51 129.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 368.59 129.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 404.38 129.40 Td (of ) Tj ET Q q 0 0 0 rg BT 414.85 129.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.02 129.40 Td (Company) Tj ET Q q 0 0 0 rg BT 465.35 129.40 Td (. ) Tj ET Q q 0 0 0 rg BT 470.29 129.40 Td (However) Tj ET Q q 0 0 0 rg BT 504.73 129.40 Td (, ) Tj ET Q q 0 0 0 rg BT 509.67 129.40 Td (the ) Tj ET Q q 0 0 0 rg BT 523.84 129.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 563.34 129.40 Td (has ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 118.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 78.50 118.00 Td (and ) Tj ET Q q 0 0 0 rg BT 95.15 118.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.24 118.00 Td (in ) Tj ET Q q 0 0 0 rg BT 130.55 118.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 168.31 118.00 Td (with ) Tj ET Q q 0 0 0 rg BT 188.12 118.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 224.28 118.00 Td (other ) Tj ET Q q 0 0 0 rg BT 246.72 118.00 Td (than ) Tj ET Q q 0 0 0 rg BT 266.01 118.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 285.83 118.00 Td (dollars ) Tj ET Q q 0 0 0 rg BT 314.61 118.00 Td (and ) Tj ET Q q 0 0 0 rg BT 331.26 118.00 Td (incurs ) Tj ET Q q 0 0 0 rg BT 357.40 118.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 408.87 118.00 Td (in ) Tj ET Q q 0 0 0 rg BT 419.19 118.00 Td (other ) Tj ET Q q 0 0 0 rg BT 441.63 118.00 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 485.97 118.00 Td (causing ) Tj ET Q q 0 0 0 rg BT 517.92 118.00 Td (its ) Tj ET Q q 0 0 0 rg BT 529.82 118.00 Td (results ) Tj ET Q q 0 0 0 rg BT 557.55 118.00 Td (from ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 106.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 77.39 106.60 Td (to ) Tj ET Q q 0 0 0 rg BT 86.59 106.60 Td (be ) Tj ET Q q 0 0 0 rg BT 97.37 106.60 Td (af) Tj ET Q q 0 0 0 rg BT 104.58 106.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 129.59 106.60 Td (by ) Tj ET Q q 0 0 0 rg BT 140.91 106.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 187.57 106.60 Td (in ) Tj ET Q q 0 0 0 rg BT 196.77 106.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 231.81 106.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 269.49 106.60 Td (rates. ) Tj ET Q q 0 0 0 rg BT 291.48 106.60 Td (The ) Tj ET Q q 0 0 0 rg BT 308.07 106.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 346.82 106.60 Td (is ) Tj ET Q q 0 0 0 rg BT 354.97 106.60 Td (also ) Tj ET Q q 0 0 0 rg BT 372.09 106.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 405.03 106.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.23 106.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 446.64 106.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.84 106.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 485.62 106.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 505.37 106.60 Td (on ) Tj ET Q q 0 0 0 rg BT 516.68 106.60 Td (floating ) Tj ET Q q 0 0 0 rg BT 548.04 106.60 Td (interest ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 95.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 52.61 95.20 Td (debt. ) Tj ET Q q 0 0 0 rg BT 73.55 95.20 Td (There ) Tj ET Q q 0 0 0 rg BT 98.07 95.20 Td (is ) Tj ET Q q 0 0 0 rg BT 106.78 95.20 Td (thus ) Tj ET Q q 0 0 0 rg BT 125.00 95.20 Td (a ) Tj ET Q q 0 0 0 rg BT 131.59 95.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 148.21 95.20 Td (that ) Tj ET Q q 0 0 0 rg BT 164.83 95.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 200.44 95.20 Td (and ) Tj ET Q q 0 0 0 rg BT 216.53 95.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 246.87 95.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 263.48 95.20 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 310.71 95.20 Td (will ) Tj ET Q q 0 0 0 rg BT 327.86 95.20 Td (have ) Tj ET Q q 0 0 0 rg BT 348.17 95.20 Td (a ) Tj ET Q q 0 0 0 rg BT 354.76 95.20 Td (negative ) Tj ET Q q 0 0 0 rg BT 389.32 95.20 Td (ef) Tj ET Q q 0 0 0 rg BT 396.53 95.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 413.14 95.20 Td (on ) Tj ET Q q 0 0 0 rg BT 425.01 95.20 Td (the ) Tj ET Q q 0 0 0 rg BT 438.99 95.20 Td (value ) Tj ET Q q 0 0 0 rg BT 461.94 95.20 Td (of ) Tj ET Q q 0 0 0 rg BT 472.23 95.20 Td (the ) Tj ET Q q 0 0 0 rg BT 486.21 95.20 Td (Company) Tj ET Q q 0 0 0 rg BT 525.79 95.20 Td (s ) Tj ET Q q 0 0 0 rg BT 531.87 95.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 551.12 95.20 Td (flows. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 71.80 Td (Inter) Tj ET Q q 0 0 0 rg BT 56.41 71.80 Td (est rate risk management ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 217 0 obj <>] /Rotate 0 /Contents 218 0 R>> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-37) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 749.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.04 749.45 Td (Company) Tj ET Q q 0 0 0 rg BT 128.62 749.45 Td (s ) Tj ET Q q 0 0 0 rg BT 134.58 749.45 Td (exposure ) Tj ET Q q 0 0 0 rg BT 171.15 749.45 Td (to ) Tj ET Q q 0 0 0 rg BT 180.80 749.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 211.03 749.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 227.54 749.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 244.05 749.45 Td (relates ) Tj ET Q q 0 0 0 rg BT 271.11 749.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 299.76 749.45 Td (to ) Tj ET Q q 0 0 0 rg BT 309.42 749.45 Td (its ) Tj ET Q q 0 0 0 rg BT 320.67 749.45 Td (floating ) Tj ET Q q 0 0 0 rg BT 352.48 749.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.71 749.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 399.22 749.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 417.84 749.45 Td (and ) Tj ET Q q 0 0 0 rg BT 433.82 749.45 Td (balances ) Tj ET Q q 0 0 0 rg BT 468.79 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 478.98 749.45 Td (surplus ) Tj ET Q q 0 0 0 rg BT 508.69 749.45 Td (funds ) Tj ET Q q 0 0 0 rg BT 532.07 749.45 Td (placed ) Tj ET Q q 0 0 0 rg BT 559.13 749.45 Td (with ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 738.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 71.37 738.05 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 117.96 738.05 Td (This ) Tj ET Q q 0 0 0 rg BT 136.98 738.05 Td (exposure ) Tj ET Q q 0 0 0 rg BT 173.41 738.05 Td (is ) Tj ET Q q 0 0 0 rg BT 181.88 738.05 Td (managed ) Tj ET Q q 0 0 0 rg BT 218.31 738.05 Td (through ) Tj ET Q q 0 0 0 rg BT 249.99 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 263.74 738.05 Td (use ) Tj ET Q q 0 0 0 rg BT 278.53 738.05 Td (of ) Tj ET Q q 0 0 0 rg BT 288.58 738.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 318.68 738.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 335.05 738.05 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 362.63 738.05 Td (The ) Tj ET Q q 0 0 0 rg BT 379.54 738.05 Td (Company) Tj ET Q q 0 0 0 rg BT 419.12 738.05 Td (s ) Tj ET Q q 0 0 0 rg BT 424.95 738.05 Td (objective ) Tj ET Q q 0 0 0 rg BT 461.90 738.05 Td (is ) Tj ET Q q 0 0 0 rg BT 470.38 738.05 Td (to ) Tj ET Q q 0 0 0 rg BT 479.90 738.05 Td (obtain ) Tj ET Q q 0 0 0 rg BT 505.78 738.05 Td (the ) Tj ET Q q 0 0 0 rg BT 519.52 738.05 Td (most ) Tj ET Q q 0 0 0 rg BT 540.13 738.05 Td (favorable ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 726.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 66.69 726.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 83.65 726.65 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 129.65 726.65 Td (available ) Tj ET Q q 0 0 0 rg BT 166.66 726.65 Td (without ) Tj ET Q q 0 0 0 rg BT 198.42 726.65 Td (increasing ) Tj ET Q q 0 0 0 rg BT 240.18 726.65 Td (its ) Tj ET Q q 0 0 0 rg BT 251.88 726.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 282.04 726.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 318.00 726.65 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 357.39 726.65 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 389.15 726.65 Td (funds ) Tj ET Q q 0 0 0 rg BT 412.98 726.65 Td (are ) Tj ET Q q 0 0 0 rg BT 427.31 726.65 Td (generally ) Tj ET Q q 0 0 0 rg BT 465.38 726.65 Td (placed ) Tj ET Q q 0 0 0 rg BT 492.89 726.65 Td (in ) Tj ET Q q 0 0 0 rg BT 503.01 726.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 525.25 726.65 Td (deposits ) Tj ET Q q 0 0 0 rg BT 559.12 726.65 Td (with ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 715.25 Td (reputable ) Tj ET Q q 0 0 0 rg BT 74.02 715.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 109.94 715.25 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 157.22 715.25 Td (yielding ) Tj ET Q q 0 0 0 rg BT 191.04 715.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 217.99 715.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 247.05 715.25 Td (than ) Tj ET Q q 0 0 0 rg BT 266.09 715.25 Td (are ) Tj ET Q q 0 0 0 rg BT 280.37 715.25 Td (available ) Tj ET Q q 0 0 0 rg BT 317.33 715.25 Td (on ) Tj ET Q q 0 0 0 rg BT 329.51 715.25 Td (overnight ) Tj ET Q q 0 0 0 rg BT 368.60 715.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 402.42 715.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.49 715.25 Td (banks. ) Tj ET Q q 0 0 0 rg BT 439.71 715.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 461.39 715.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 495.21 715.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 533.24 715.25 Td (have ) Tj ET Q q 0 0 0 rg BT 553.85 715.25 Td (short-) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 703.85 Td (term ) Tj ET Q q 0 0 0 rg BT 55.21 703.85 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 97.38 703.85 Td (in ) Tj ET Q q 0 0 0 rg BT 106.57 703.85 Td (order ) Tj ET Q q 0 0 0 rg BT 128.41 703.85 Td (to ) Tj ET Q q 0 0 0 rg BT 137.60 703.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 168.43 703.85 Td (the ) Tj ET Q q 0 0 0 rg BT 181.83 703.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.58 703.85 Td (with ) Tj ET Q q 0 0 0 rg BT 239.27 703.85 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 278.54 703.85 Td (to ) Tj ET Q q 0 0 0 rg BT 287.73 703.85 Td (meet ) Tj ET Q q 0 0 0 rg BT 307.99 703.85 Td (all ) Tj ET Q q 0 0 0 rg BT 319.29 703.85 Td (requirements ) Tj ET Q q 0 0 0 rg BT 370.68 703.85 Td (for ) Tj ET Q q 0 0 0 rg BT 383.56 703.85 Td (working ) Tj ET Q q 0 0 0 rg BT 417.02 703.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 444.14 703.85 Td (and ) Tj ET Q q 0 0 0 rg BT 459.66 703.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 486.78 703.85 Td (investments. ) Tj ET Q q 0 0 0 rg BT 536.21 703.85 Td (The ) Tj ET Q q 0 0 0 rg BT 552.79 703.85 Td (extent ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 692.45 Td (to ) Tj ET Q q 0 0 0 rg BT 45.76 692.45 Td (which ) Tj ET Q q 0 0 0 rg BT 71.36 692.45 Td (the ) Tj ET Q q 0 0 0 rg BT 85.34 692.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.66 692.45 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 154.47 692.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 184.81 692.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 201.42 692.45 Td (swaps ) Tj ET Q q 0 0 0 rg BT 227.02 692.45 Td (and ) Tj ET Q q 0 0 0 rg BT 243.11 692.45 Td (other ) Tj ET Q q 0 0 0 rg BT 265.00 692.45 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 309.06 692.45 Td (to ) Tj ET Q q 0 0 0 rg BT 318.82 692.45 Td (manage ) Tj ET Q q 0 0 0 rg BT 350.74 692.45 Td (its ) Tj ET Q q 0 0 0 rg BT 362.09 692.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 392.43 692.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 409.04 692.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 425.67 692.45 Td (is ) Tj ET Q q 0 0 0 rg BT 434.38 692.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 479.49 692.45 Td (by ) Tj ET Q q 0 0 0 rg BT 491.36 692.45 Td (the ) Tj ET Q q 0 0 0 rg BT 505.34 692.45 Td (net ) Tj ET Q q 0 0 0 rg BT 519.32 692.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 538.06 692.45 Td (exposure. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 669.05 Td (Interest rate swap agreements not qualified as hedge accounting ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 645.65 Td (At ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 84.95 645.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.68 645.65 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 160.68 645.65 Td (, ) Tj ET Q q 0 0 0 rg BT 166.51 645.65 Td (the ) Tj ET Q q 0 0 0 rg BT 181.57 645.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.96 645.65 Td (had ) Tj ET Q q 0 0 0 rg BT 239.13 645.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 270.54 645.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 288.23 645.65 Td (swap ) Tj ET Q q 0 0 0 rg BT 311.21 645.65 Td (agreements ) Tj ET Q q 0 0 0 rg BT 357.92 645.65 Td (with ) Tj ET Q q 0 0 0 rg BT 378.26 645.65 Td (an ) Tj ET Q q 0 0 0 rg BT 390.68 645.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 438.46 645.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 475.68 645.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 507.63 645.65 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 518.99 645.65 Td ($1,100 ) Tj ET Q q 0 0 0 rg BT 548.57 645.65 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 576.01 645.65 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 634.25 Td (\() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.16 634.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 94.75 634.25 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 113.75 634.25 Td (: ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 118.70 634.25 Td ($1,100 ) Tj ET Q q 0 0 0 rg BT 147.13 634.25 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 174.58 634.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 182.42 634.25 Td (all ) Tj ET Q q 0 0 0 rg BT 194.23 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.45 634.25 Td (which ) Tj ET Q q 0 0 0 rg BT 229.97 634.25 Td (were ) Tj ET Q q 0 0 0 rg BT 250.73 634.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 280.99 634.25 Td (into ) Tj ET Q q 0 0 0 rg BT 298.08 634.25 Td (after ) Tj ET Q q 0 0 0 rg BT 317.79 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.70 634.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.95 634.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 419.15 634.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 461.03 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 471.25 634.25 Td (a ) Tj ET Q q 0 0 0 rg BT 477.78 634.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 520.71 634.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 544.65 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 555.95 634.25 Td (April ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 622.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 45.31 622.85 Td (201) Tj ET Q q 0 0 0 rg BT 59.21 622.85 Td (1. ) Tj ET Q q 0 0 0 rg BT 68.52 622.85 Td (Certain ) Tj ET Q q 0 0 0 rg BT 98.67 622.85 Td (of ) Tj ET Q q 0 0 0 rg BT 108.77 622.85 Td (these ) Tj ET Q q 0 0 0 rg BT 130.48 622.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 160.63 622.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 177.05 622.85 Td (swaps ) Tj ET Q q 0 0 0 rg BT 202.46 622.85 Td (are ) Tj ET Q q 0 0 0 rg BT 216.25 622.85 Td (forward ) Tj ET Q q 0 0 0 rg BT 248.50 622.85 Td (starting ) Tj ET Q q 0 0 0 rg BT 279.19 622.85 Td (swaps ) Tj ET Q q 0 0 0 rg BT 304.60 622.85 Td (as ) Tj ET Q q 0 0 0 rg BT 314.70 622.85 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 352.24 622.85 Td (below) Tj ET Q q 0 0 0 rg BT 374.84 622.85 Td (. ) Tj ET Q q 0 0 0 rg BT 378.92 622.85 Td (All ) Tj ET Q q 0 0 0 rg BT 393.25 622.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 438.69 622.85 Td (do ) Tj ET Q q 0 0 0 rg BT 450.38 622.85 Td (not ) Tj ET Q q 0 0 0 rg BT 464.71 622.85 Td (qualify ) Tj ET Q q 0 0 0 rg BT 493.80 622.85 Td (for ) Tj ET Q q 0 0 0 rg BT 507.07 622.85 Td (hedge ) Tj ET Q q 0 0 0 rg BT 531.94 622.85 Td (accounting, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 611.45 Td (and ) Tj ET Q q 0 0 0 rg BT 52.47 611.45 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 100.06 611.45 Td (any ) Tj ET Q q 0 0 0 rg BT 116.53 611.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 149.88 611.45 Td (in ) Tj ET Q q 0 0 0 rg BT 160.02 611.45 Td (the ) Tj ET Q q 0 0 0 rg BT 174.38 611.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 190.32 611.45 Td (values ) Tj ET Q q 0 0 0 rg BT 217.34 611.45 Td (of ) Tj ET Q q 0 0 0 rg BT 228.01 611.45 Td (the ) Tj ET Q q 0 0 0 rg BT 242.36 611.45 Td (swap ) Tj ET Q q 0 0 0 rg BT 264.64 611.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 310.65 611.45 Td (are ) Tj ET Q q 0 0 0 rg BT 325.00 611.45 Td (included ) Tj ET Q q 0 0 0 rg BT 360.46 611.45 Td (in ) Tj ET Q q 0 0 0 rg BT 370.61 611.45 Td (the ) Tj ET Q q 0 0 0 rg BT 384.96 611.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 435.73 611.45 Td (statement ) Tj ET Q q 0 0 0 rg BT 474.89 611.45 Td (of ) Tj ET Q q 0 0 0 rg BT 485.56 611.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 527.88 611.45 Td (under ) Tj ET Q q 0 0 0 rg BT 552.26 611.45 Td (other ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 600.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 72.60 600.05 Td (items. ) Tj ET Q q 0 0 0 rg BT 102.89 600.05 Td (The ) Tj ET Q q 0 0 0 rg BT 121.03 600.05 Td (total ) Tj ET Q q 0 0 0 rg BT 141.28 600.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 157.83 600.05 Td (value ) Tj ET Q q 0 0 0 rg BT 181.76 600.05 Td (of ) Tj ET Q q 0 0 0 rg BT 193.04 600.05 Td (the ) Tj ET Q q 0 0 0 rg BT 208.01 600.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.34 600.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 256.94 600.05 Td (swaps ) Tj ET Q q 0 0 0 rg BT 283.53 600.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 331.22 600.05 Td (at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 341.44 600.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 398.09 600.05 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.09 600.05 Td ( ) Tj ET Q q 0 0 0 rg BT 420.45 600.05 Td (amounted ) Tj ET Q q 0 0 0 rg BT 461.28 600.05 Td (to ) Tj ET Q q 0 0 0 rg BT 472.04 600.05 Td (a ) Tj ET Q q 0 0 0 rg BT 479.62 600.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 512.54 600.05 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 523.81 600.05 Td ($39.9 ) Tj ET Q q 0 0 0 rg BT 548.55 600.05 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 576.00 600.05 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 588.65 Td (\() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.16 588.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 94.82 588.65 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 113.82 588.65 Td (: ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 118.83 588.65 Td ($69.5 ) Tj ET Q q 0 0 0 rg BT 142.58 588.65 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 170.03 588.65 Td ( ) Tj ET Q q 0 0 0 rg BT 172.41 588.65 Td (liability\). ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 565.25 Td (The ) Tj ET Q q 0 0 0 rg BT 88.15 565.25 Td (Company) Tj ET Q q 0 0 0 rg BT 127.73 565.25 Td (s ) Tj ET Q q 0 0 0 rg BT 133.80 565.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.14 565.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 180.75 565.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 202.65 565.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 248.28 565.25 Td (as ) Tj ET Q q 0 0 0 rg BT 258.57 565.25 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 268.86 565.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 324.52 565.25 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 343.52 565.25 Td ( ) Tj ET Q q 0 0 0 rg BT 345.89 565.25 Td (were ) Tj ET Q q 0 0 0 rg BT 366.72 565.25 Td (as ) Tj ET Q q 0 0 0 rg BT 377.01 565.25 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 529.35 135.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 529.35 135.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 529.35 135.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 529.35 135.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 500.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 500.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 500.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 500.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 472.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 472.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 472.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 472.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 444.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 444.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 444.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 444.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 416.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 416.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 416.35 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 416.35 135.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 529.35 m 171.5 529.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 529.35 m 306.5 529.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 529.35 m 441.5 529.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 529.35 m 576.5 529.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 533.58 Td (Outstanding principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.00 533.58 Td (Receive rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 533.58 Td (Pay rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.45 533.58 Td (Length of contract) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 518.60 Td (\(In US$ millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 504.92 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 504.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 504.92 Td (2.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 504.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.35 504.92 Td (May 2011 - Jan 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 490.92 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 490.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 490.92 Td (2.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 490.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.35 490.92 Td (May 2011 - Jan 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 476.92 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 476.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 476.92 Td (2.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 476.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 476.92 Td (May 2012 - May 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 462.92 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 462.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 462.92 Td (2.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 462.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 462.92 Td (June 2012 - June 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 448.92 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 448.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 448.92 Td (2.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 448.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 448.92 Td (June 2012 - June 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 434.92 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 434.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 434.92 Td (2.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 434.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.75 434.92 Td (Aug 2012 - Aug 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 420.92 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 420.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 420.92 Td (2.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 420.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.75 420.92 Td (Aug 2012 - Aug 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 406.92 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.40 406.92 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 406.92 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 406.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.80 406.92 Td (Dec 2012 Dec 2019) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 379.45 Td (Interest rate hedge accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 355.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 355.45 Td (The Ship Finance subsidiary consolidated by the Company as a ) Tj ET Q q 0 0 0 rg BT 327.88 355.45 Td (VIE \(refer to Note 27 - ) Tj ET Q q 0 0 0 rg BT 422.11 355.45 Td (V) Tj ET Q q 0 0 0 rg BT 428.22 355.45 Td (ariable Interest Entities\) has entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 343.45 Td (into interest rate swap agreements in order to mitigate its exposure to variability in cash flows for future interest payments on the loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 331.45 Td (taken out to finance the acquisition of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.56 331.45 Td (W) Tj ET Q q 0 0 0 rg BT 196.98 331.45 Td (est Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.82 331.45 Td (. ) Tj ET Q q 0 0 0 rg BT 237.64 331.45 Td (These interest rate swaps qualify for hedge accounting and any changes in their fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 319.45 Td (value are included in "other comprehensive income". Below is a summary of the notional amount, fixed interest rate payable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 307.45 Td (duration of the interest rate swaps.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 270.95 178.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 270.95 102.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 270.95 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 270.95 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 270.95 142.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 242.95 178.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 242.95 102.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 242.95 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 242.95 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 242.95 142.00 -14.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 275.18 Td (Variable interest entity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.00 275.18 Td (Outstanding principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 275.18 Td (Receive rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.00 275.18 Td (Pay rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 275.18 Td (Length of contract) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.00 261.20 Td (\(in US$ Millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 247.52 Td (SFL) Tj ET Q q 0 0 0 rg BT 54.86 247.52 Td ( Linus Ltd ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.03 247.52 Td (\(W) Tj ET Q q 0 0 0 rg BT 109.77 247.52 Td (est Linus\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.75 247.52 Td (237.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.20 247.52 Td (3 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.05 247.52 Td (1.77%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.20 247.52 Td (Dec 2013 - Dec 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 233.52 Td (SFL) Tj ET Q q 0 0 0 rg BT 54.86 233.52 Td ( Linus Ltd ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.03 233.52 Td (\(W) Tj ET Q q 0 0 0 rg BT 109.77 233.52 Td (est Linus\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.75 233.52 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.20 233.52 Td (1 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.05 233.52 Td (2.01%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.75 233.52 Td (Mar 2014 - Oct 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 219.52 Td (SFL) Tj ET Q q 0 0 0 rg BT 54.86 219.52 Td ( Linus Ltd ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.03 219.52 Td (\(W) Tj ET Q q 0 0 0 rg BT 109.77 219.52 Td (est Linus\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.75 219.52 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.20 219.52 Td (1 month LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.05 219.52 Td (2.01%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.35 219.52 Td (Mar 2014 - Nov 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 191.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 191.45 Td (At year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.58 191.45 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.17 191.45 Td (, the above ) Tj ET Q q 0 0 0 rg BT 255.08 191.45 Td (VIE Ship Finance subsidiary recorded fair value loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.74 191.45 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.64 191.45 Td ( on interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 179.45 Td (rate swaps. ) Tj ET Q q 0 0 0 rg BT 82.75 179.45 Td (This loss was recorded by the ) Tj ET Q q 0 0 0 rg BT 203.65 179.45 Td (VIE in "other comprehensive income" but due to its ownership by Ship Finance this loss is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 167.45 Td (allocated to "non-controlling interest" in our consolidated statement of changes in equity) Tj ET Q q 0 0 0 rg BT 389.81 167.45 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 143.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 143.45 Td (Any change in fair value resulting from hedge inef) Tj ET Q q 0 0 0 rg BT 274.52 143.45 Td (fectiveness is recognized immediately in earnings. ) Tj ET Q q 0 0 0 rg BT 478.44 143.45 Td (The ) Tj ET Q q 0 0 0 rg BT 496.31 143.45 Td (VIE, and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 131.45 Td (North ) Tj ET Q q 0 0 0 rg BT 61.28 131.45 Td (Atlantic, did not recognize any gain or loss due to hedge inef) Tj ET Q q 0 0 0 rg BT 304.92 131.45 Td (fectiveness in the consolidated financial statements during year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 119.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.38 119.45 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.96 119.45 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 95.45 Td (Cross currency interest rate swaps not qualified for hedge accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 71.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 71.45 Td (At December31, 2013 we had outstanding cross currency interest rate swaps with a principal amount of $253.5 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 59.45 Td (These agreements, entered into in October 2013, do not qualify for hedge accounting and accordingly any changes in the fair values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 47.45 Td (the swap agreements are included in the Consolidated Statement of Operations under " Gain/\(loss\) on derivative financial ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 219 0 obj <>] /Rotate 0 /Contents 220 0 R>> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (instruments". ) Tj ET Q q 0 0 0 rg BT 91.57 749.10 Td (The total fair value of cross currency interest rate swaps outstanding at December31, 2013 amounted to a liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td ($13.1 million . ) Tj ET Q q 0 0 0 rg BT 97.21 737.10 Td (The fair value of the cross currency interest rate swaps are classified as other current liabilities in the balance sheet.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 714.30 Td (For) Tj ET Q q 0 0 0 rg BT 50.60 714.30 Td (eign curr) Tj ET Q q 0 0 0 rg BT 87.63 714.30 Td (ency risk management ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 691.50 Td (The Company uses foreign currency forward contracts and other derivatives to manage its exposure to foreign currency risk on ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 680.10 Td (certain assets, liabilities and future anticipated transactions. Such derivative contracts do not qualify for hedge accounting treatment and are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 668.70 Td (recorded in the balance sheet under other current assets if the contracts have a net positive fair value, and under other short-term liabilities if ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 657.30 Td (the contracts have a net negative fair value. ) Tj ET Q q 0 0 0 rg BT 202.44 657.30 Td (At ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 214.32 657.30 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 288.97 657.30 Td (, the Company had forward contracts to sell ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 457.56 657.30 Td ($124 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 506.38 657.30 Td ( between January ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 645.90 Td (2014 and June 2014 at exchange rates ranging from NOK) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 255.23 645.90 Td (5.96) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 271.86 645.90 Td ( to NOK) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 304.58 645.90 Td (6.18) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 321.21 645.90 Td ( per US dollar) Tj ET Q q 0 0 0 rg BT 374.24 645.90 Td (. ) Tj ET Q q 0 0 0 rg BT 378.82 645.90 Td (The total fair value of currency forward contracts at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 634.50 Td (December31, 2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 110.66 634.50 Td ( amounted to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 162.63 634.50 Td ($0.2 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 209.08 634.50 Td ( receivable \() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 256.02 634.50 Td (December31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 330.68 634.50 Td (: ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 335.69 634.50 Td ($3.2 million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 382.14 634.50 Td ( receivable\).) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 611.70 Td (Cr) Tj ET Q q 0 0 0 rg BT 46.91 611.70 Td (edit risk ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 588.30 Td (The ) Tj ET Q q 0 0 0 rg BT 88.25 588.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.68 588.30 Td (has ) Tj ET Q q 0 0 0 rg BT 140.83 588.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.55 588.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 201.57 588.30 Td (including ) Tj ET Q q 0 0 0 rg BT 238.94 588.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.31 588.30 Td (and ) Tj ET Q q 0 0 0 rg BT 272.51 588.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.87 588.30 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 338.00 588.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 374.83 588.30 Td (cash, ) Tj ET Q q 0 0 0 rg BT 395.57 588.30 Td (other ) Tj ET Q q 0 0 0 rg BT 416.57 588.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 460.78 588.30 Td (and ) Tj ET Q q 0 0 0 rg BT 475.98 588.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 503.31 588.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 536.99 588.30 Td (receivable ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 576.90 Td (on ) Tj ET Q q 0 0 0 rg BT 48.08 576.90 Td (derivative ) Tj ET Q q 0 0 0 rg BT 88.64 576.90 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 137.93 576.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 166.89 576.90 Td (forward ) Tj ET Q q 0 0 0 rg BT 199.54 576.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 237.98 576.90 Td (contracts ) Tj ET Q q 0 0 0 rg BT 274.85 576.90 Td (and ) Tj ET Q q 0 0 0 rg BT 291.15 576.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.69 576.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 338.50 576.90 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 366.49 576.90 Td (These ) Tj ET Q q 0 0 0 rg BT 391.75 576.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 416.50 576.90 Td (expose ) Tj ET Q q 0 0 0 rg BT 445.46 576.90 Td (the ) Tj ET Q q 0 0 0 rg BT 459.64 576.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.16 576.90 Td (to ) Tj ET Q q 0 0 0 rg BT 509.13 576.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 533.33 576.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 550.16 576.90 Td (arising ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 565.50 Td (from ) Tj ET Q q 0 0 0 rg BT 56.14 565.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 88.96 565.50 Td (default ) Tj ET Q q 0 0 0 rg BT 117.01 565.50 Td (by ) Tj ET Q q 0 0 0 rg BT 128.19 565.50 Td (the ) Tj ET Q q 0 0 0 rg BT 141.47 565.50 Td (counterparty) Tj ET Q q 0 0 0 rg BT 188.86 565.50 Td (. ) Tj ET Q q 0 0 0 rg BT 192.79 565.50 Td (The ) Tj ET Q q 0 0 0 rg BT 209.23 565.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.85 565.50 Td (considers ) Tj ET Q q 0 0 0 rg BT 285.41 565.50 Td (the ) Tj ET Q q 0 0 0 rg BT 298.69 565.50 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 354.18 565.50 Td (to ) Tj ET Q q 0 0 0 rg BT 363.24 565.50 Td (be ) Tj ET Q q 0 0 0 rg BT 373.89 565.50 Td (creditworthy ) Tj ET Q q 0 0 0 rg BT 424.10 565.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 459.01 565.50 Td (institutions ) Tj ET Q q 0 0 0 rg BT 502.92 565.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.31 565.50 Td (does ) Tj ET Q q 0 0 0 rg BT 537.40 565.50 Td (not ) Tj ET Q q 0 0 0 rg BT 551.22 565.50 Td (expect ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 554.10 Td (any ) Tj ET Q q 0 0 0 rg BT 52.21 554.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.80 554.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 112.08 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.96 554.10 Td (result ) Tj ET Q q 0 0 0 rg BT 145.56 554.10 Td (from ) Tj ET Q q 0 0 0 rg BT 166.51 554.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 234.42 554.10 Td (by ) Tj ET Q q 0 0 0 rg BT 246.41 554.10 Td (such ) Tj ET Q q 0 0 0 rg BT 266.31 554.10 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 324.81 554.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.07 554.10 Td (Company) Tj ET Q q 0 0 0 rg BT 378.40 554.10 Td (, ) Tj ET Q q 0 0 0 rg BT 383.26 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.14 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.24 554.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 436.64 554.10 Td (course ) Tj ET Q q 0 0 0 rg BT 463.93 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.33 554.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 511.40 554.10 Td (does ) Tj ET Q q 0 0 0 rg BT 531.30 554.10 Td (not ) Tj ET Q q 0 0 0 rg BT 545.93 554.10 Td (demand ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 542.70 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 75.75 542.70 Td (The ) Tj ET Q q 0 0 0 rg BT 92.72 542.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 116.54 542.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 153.03 542.70 Td (of ) Tj ET Q q 0 0 0 rg BT 163.14 542.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.30 542.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 209.73 542.70 Td (swap ) Tj ET Q q 0 0 0 rg BT 231.46 542.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 276.91 542.70 Td (and ) Tj ET Q q 0 0 0 rg BT 292.82 542.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 322.45 542.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 357.88 542.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 394.36 542.70 Td (is ) Tj ET Q q 0 0 0 rg BT 402.90 542.70 Td (represented ) Tj ET Q q 0 0 0 rg BT 448.87 542.70 Td (by ) Tj ET Q q 0 0 0 rg BT 460.57 542.70 Td (the ) Tj ET Q q 0 0 0 rg BT 474.37 542.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 489.75 542.70 Td (value ) Tj ET Q q 0 0 0 rg BT 512.52 542.70 Td (of ) Tj ET Q q 0 0 0 rg BT 522.63 542.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 559.12 542.70 Td (with ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 531.30 Td (a ) Tj ET Q q 0 0 0 rg BT 42.10 531.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 74.07 531.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.14 531.30 Td (value ) Tj ET Q q 0 0 0 rg BT 111.59 531.30 Td (at ) Tj ET Q q 0 0 0 rg BT 120.33 531.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.83 531.30 Td (end ) Tj ET Q q 0 0 0 rg BT 149.43 531.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.22 531.30 Td (each ) Tj ET Q q 0 0 0 rg BT 178.51 531.30 Td (period, ) Tj ET Q q 0 0 0 rg BT 207.04 531.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 238.99 531.30 Td (by ) Tj ET Q q 0 0 0 rg BT 250.37 531.30 Td (the ) Tj ET Q q 0 0 0 rg BT 263.86 531.30 Td (ef) Tj ET Q q 0 0 0 rg BT 271.07 531.30 Td (fects ) Tj ET Q q 0 0 0 rg BT 290.89 531.30 Td (of ) Tj ET Q q 0 0 0 rg BT 300.69 531.30 Td (master ) Tj ET Q q 0 0 0 rg BT 327.89 531.30 Td (netting ) Tj ET Q q 0 0 0 rg BT 356.16 531.30 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 403.68 531.30 Td (It ) Tj ET Q q 0 0 0 rg BT 411.37 531.30 Td (is ) Tj ET Q q 0 0 0 rg BT 419.59 531.30 Td (the ) Tj ET Q q 0 0 0 rg BT 433.08 531.30 Td (Company) Tj ET Q q 0 0 0 rg BT 472.66 531.30 Td (s ) Tj ET Q q 0 0 0 rg BT 478.24 531.30 Td (policy ) Tj ET Q q 0 0 0 rg BT 503.88 531.30 Td (to ) Tj ET Q q 0 0 0 rg BT 513.15 531.30 Td (enter ) Tj ET Q q 0 0 0 rg BT 534.02 531.30 Td (into ) Tj ET Q q 0 0 0 rg BT 550.68 531.30 Td (master ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 519.90 Td (netting ) Tj ET Q q 0 0 0 rg BT 64.64 519.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 110.16 519.90 Td (with ) Tj ET Q q 0 0 0 rg BT 129.31 519.90 Td (the ) Tj ET Q q 0 0 0 rg BT 143.17 519.90 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 199.24 519.90 Td (to ) Tj ET Q q 0 0 0 rg BT 208.89 519.90 Td (derivative ) Tj ET Q q 0 0 0 rg BT 249.13 519.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.62 519.90 Td (instrument ) Tj ET Q q 0 0 0 rg BT 327.51 519.90 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 366.44 519.90 Td (which ) Tj ET Q q 0 0 0 rg BT 391.91 519.90 Td (give ) Tj ET Q q 0 0 0 rg BT 410.52 519.90 Td (the ) Tj ET Q q 0 0 0 rg BT 424.39 519.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 463.59 519.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.45 519.90 Td (legal ) Tj ET Q q 0 0 0 rg BT 498.17 519.90 Td (right ) Tj ET Q q 0 0 0 rg BT 518.38 519.90 Td (to ) Tj ET Q q 0 0 0 rg BT 528.02 519.90 Td (dischar) Tj ET Q q 0 0 0 rg BT 555.29 519.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 566.51 519.90 Td (all ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 508.50 Td (or ) Tj ET Q q 0 0 0 rg BT 46.29 508.50 Td (a ) Tj ET Q q 0 0 0 rg BT 52.88 508.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 82.70 508.50 Td (of ) Tj ET Q q 0 0 0 rg BT 92.99 508.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 127.56 508.50 Td (owed ) Tj ET Q q 0 0 0 rg BT 150.51 508.50 Td (to ) Tj ET Q q 0 0 0 rg BT 160.27 508.50 Td (a ) Tj ET Q q 0 0 0 rg BT 166.86 508.50 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 217.25 508.50 Td (by ) Tj ET Q q 0 0 0 rg BT 229.12 508.50 Td (of) Tj ET Q q 0 0 0 rg BT 236.86 508.50 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 267.73 508.50 Td (them ) Tj ET Q q 0 0 0 rg BT 289.11 508.50 Td (against ) Tj ET Q q 0 0 0 rg BT 318.39 508.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 352.96 508.50 Td (that ) Tj ET Q q 0 0 0 rg BT 369.58 508.50 Td (the ) Tj ET Q q 0 0 0 rg BT 383.56 508.50 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 433.94 508.50 Td (owes ) Tj ET Q q 0 0 0 rg BT 455.84 508.50 Td (to ) Tj ET Q q 0 0 0 rg BT 465.61 508.50 Td (the ) Tj ET Q q 0 0 0 rg BT 479.59 508.50 Td (Company) Tj ET Q q 0 0 0 rg BT 515.92 508.50 Td (. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (Fair values ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 461.70 Td (The ) Tj ET Q q 0 0 0 rg BT 88.77 461.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 122.42 461.70 Td (value ) Tj ET Q q 0 0 0 rg BT 145.00 461.70 Td (and ) Tj ET Q q 0 0 0 rg BT 160.72 461.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 199.12 461.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.31 461.70 Td (value ) Tj ET Q q 0 0 0 rg BT 236.88 461.70 Td (of ) Tj ET Q q 0 0 0 rg BT 246.80 461.70 Td (the ) Tj ET Q q 0 0 0 rg BT 260.41 461.70 Td (Company) Tj ET Q q 0 0 0 rg BT 299.99 461.70 Td (s ) Tj ET Q q 0 0 0 rg BT 305.69 461.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.92 461.70 Td (instruments ) Tj ET Q q 0 0 0 rg BT 387.26 461.70 Td (at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.12 461.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 451.40 461.70 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.40 461.70 Td ( ) Tj ET Q q 0 0 0 rg BT 472.40 461.70 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 488.12 461.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 543.40 461.70 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.40 461.70 Td ( ) Tj ET Q q 0 0 0 rg BT 564.40 461.70 Td (are ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 450.30 Td (as ) Tj ET Q q 0 0 0 rg BT 46.29 450.30 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 380.80 236.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 380.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 380.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 380.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 380.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 380.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 380.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 380.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 354.80 236.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 354.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 354.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 354.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 354.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 354.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 354.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 354.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 328.80 236.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 328.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 328.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 328.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 328.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 328.80 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 328.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 328.80 73.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 413.8 m 344.5 413.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 413.8 m 348.5 413.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 413.8 m 421.5 413.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 413.8 m 498.5 413.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 413.8 m 502.5 413.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 413.8 m 575.5 413.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 380.8 m 271.5 380.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 380.8 m 344.5 380.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 380.8 m 421.5 380.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 380.8 m 498.5 380.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 380.8 m 575.5 380.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.25 418.03 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.25 418.03 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 106.75 385.03 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.10 385.03 Td (Fair value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.60 385.03 Td (Carrying value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.10 385.03 Td (Fair value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.60 385.03 Td (Carrying value) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 371.71 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 324.15 371.36 Td (84.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.15 371.36 Td (84.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 371.36 Td (98.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.15 371.36 Td (98.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 358.71 Td (Restricted cash) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 324.15 358.36 Td (25.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.15 358.36 Td (25.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 478.15 358.36 Td (23.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.15 358.36 Td (23.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 345.71 Td (Current portion of long-term debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 319.40 345.36 Td (166.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.40 345.36 Td (166.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 345.36 Td (166.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.40 345.36 Td (166.7) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 332.71 Td (Long-term portion of floating rate debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 312.30 332.36 Td (1,581.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 389.30 332.36 Td (1,581.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 466.30 332.36 Td (1,583.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 543.30 332.36 Td (1,583.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 319.71 Td (Related party debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 319.40 319.36 Td (728.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.40 319.36 Td (700.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 319.36 Td (747.9) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 550.40 319.36 Td (702.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 293.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 109.73 293.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 156.44 293.50 Td (that ) Tj ET Q q 0 0 0 rg BT 173.06 293.50 Td (are ) Tj ET Q q 0 0 0 rg BT 187.03 293.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 225.81 293.50 Td (at ) Tj ET Q q 0 0 0 rg BT 235.04 293.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 250.60 293.50 Td (value ) Tj ET Q q 0 0 0 rg BT 273.54 293.50 Td (on ) Tj ET Q q 0 0 0 rg BT 285.42 293.50 Td (a ) Tj ET Q q 0 0 0 rg BT 292.01 293.50 Td (recurring ) Tj ET Q q 0 0 0 rg BT 329.20 293.50 Td (basis: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 229.00 203.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 229.00 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 229.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 229.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 229.00 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 229.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 229.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 229.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 229.00 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 195.00 203.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 195.00 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 195.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 195.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 195.00 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 195.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 195.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 195.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 195.00 75.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 35.50 181.00 203.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 167.00 203.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 167.00 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 167.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 167.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 167.00 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 167.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 167.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 167.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 167.00 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 257 m 353.5 257 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 257 m 357.5 257 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 257 m 432.5 257 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 257 m 496.5 257 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 257 m 500.5 257 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 257 m 575.5 257 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 243 m 238.5 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 243 m 293.5 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 243 m 353.5 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 243 m 432.5 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 243 m 496.5 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 243 m 575.5 243 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.25 247.23 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.75 261.23 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 261.23 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.60 247.23 Td (Fair value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.60 247.23 Td (Carrying value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.60 247.23 Td (Fair value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.60 247.23 Td (Carrying value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 234.07 Td (Assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 219.91 Td (Currency forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.60 219.57 Td ( Level 2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.75 218.56 Td (0.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.75 218.56 Td (0.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 480.75 218.56 Td (3.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.75 218.56 Td (3.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 205.91 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.60 205.57 Td ( Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 205.57 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 205.57 Td (5.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.15 204.56 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 204.56 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 38.00 186.07 Td (Liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 171.91 Td (Currency forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.60 171.57 Td ( Level 2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.75 170.56 Td (1.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.75 170.56 Td (1.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 483.15 170.56 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 170.56 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 157.91 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.60 157.57 Td ( Level 2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 333.00 156.56 Td (47.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 412.00 156.56 Td (47.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 476.00 156.56 Td (69.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 555.00 156.56 Td (69.5) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 143.91 Td (Cross Currency Swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.60 143.57 Td ( Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 143.57 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 143.57 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 143.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 143.57 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 116.70 Td (Movements ) Tj ET Q q 0 0 0 rg BT 119.23 116.70 Td (in ) Tj ET Q q 0 0 0 rg BT 129.00 116.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 159.34 116.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 175.95 116.70 Td (swaps: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 80.20 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 80.20 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 54.20 470.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 54.20 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 54.200000000000045 m 575.5 54.200000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 40.200000000000045 m 575.5 40.200000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 38.200000000000045 m 575.5 38.200000000000045 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.75 84.43 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 71.11 Td (Beginning balance, December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 70.77 Td (\(69.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 70.77 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 58.11 Td (Changes in fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 57.77 Td (27.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 45.11 Td (Closing balance, December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.80 43.88 Td (\(42.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.65 43.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-39) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 738.05 Td (Movements ) Tj ET Q q 0 0 0 rg BT 119.23 738.05 Td (in ) Tj ET Q q 0 0 0 rg BT 129.00 738.05 Td (currency ) Tj ET Q q 0 0 0 rg BT 164.60 738.05 Td (forward ) Tj ET Q q 0 0 0 rg BT 197.04 738.05 Td (contracts: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 701.55 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 701.55 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 675.55 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 675.55 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 649.55 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 649.55 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 649.55 m 575.5 649.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 637.55 m 575.5 637.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 635.55 m 575.5 635.55 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.75 705.78 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 692.46 Td (Beginning balance, December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 692.12 Td (3.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 679.46 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 679.12 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 666.46 Td (Disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 666.12 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 653.46 Td (Changes in fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 653.12 Td (\(3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 653.12 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 640.46 Td (Closing balance, December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 640.28 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 613.65 Td (Movements ) Tj ET Q q 0 0 0 rg BT 119.23 613.65 Td (in ) Tj ET Q q 0 0 0 rg BT 129.00 613.65 Td (cross ) Tj ET Q q 0 0 0 rg BT 150.90 613.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 186.50 613.65 Td (swaps: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 577.15 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 577.15 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 551.15 470.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 551.15 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 524.15 m 575.5 524.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 522.15 m 575.5 522.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.75 581.38 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 568.06 Td (Beginning balance, December 31, 2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.15 567.71 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 555.06 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 554.72 Td (\(6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 554.72 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 542.06 Td (Changes in fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 541.72 Td (\(6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 541.72 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 529.06 Td (Closing balance, December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.80 527.83 Td (\(13.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.65 527.83 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 488.85 Td (US ) Tj ET Q q 0 0 0 rg BT 86.53 488.85 Td (GAAP) Tj ET Q q 0 0 0 rg BT 112.05 488.85 Td ( ) Tj ET Q q 0 0 0 rg BT 114.43 488.85 Td (emphasizes ) Tj ET Q q 0 0 0 rg BT 160.61 488.85 Td (that ) Tj ET Q q 0 0 0 rg BT 177.25 488.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.82 488.85 Td (value ) Tj ET Q q 0 0 0 rg BT 215.78 488.85 Td (is ) Tj ET Q q 0 0 0 rg BT 224.50 488.85 Td (a ) Tj ET Q q 0 0 0 rg BT 231.11 488.85 Td (market-based ) Tj ET Q q 0 0 0 rg BT 284.67 488.85 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 340.08 488.85 Td (not ) Tj ET Q q 0 0 0 rg BT 354.60 488.85 Td (an ) Tj ET Q q 0 0 0 rg BT 365.96 488.85 Td (entity-specific ) Tj ET Q q 0 0 0 rg BT 422.69 488.85 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 478.09 488.85 Td (and ) Tj ET Q q 0 0 0 rg BT 494.20 488.85 Td (should ) Tj ET Q q 0 0 0 rg BT 521.92 488.85 Td (be ) Tj ET Q q 0 0 0 rg BT 533.28 488.85 Td (determined ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 477.45 Td (based ) Tj ET Q q 0 0 0 rg BT 60.96 477.45 Td (on ) Tj ET Q q 0 0 0 rg BT 73.79 477.45 Td (the ) Tj ET Q q 0 0 0 rg BT 88.72 477.45 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 139.03 477.45 Td (that ) Tj ET Q q 0 0 0 rg BT 156.60 477.45 Td (market ) Tj ET Q q 0 0 0 rg BT 186.31 477.45 Td (participants ) Tj ET Q q 0 0 0 rg BT 233.95 477.45 Td (would ) Tj ET Q q 0 0 0 rg BT 261.03 477.45 Td (use ) Tj ET Q q 0 0 0 rg BT 277.02 477.45 Td (in ) Tj ET Q q 0 0 0 rg BT 287.74 477.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 317.98 477.45 Td (the ) Tj ET Q q 0 0 0 rg BT 332.92 477.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 354.71 477.45 Td (or ) Tj ET Q q 0 0 0 rg BT 365.95 477.45 Td (liability) Tj ET Q q 0 0 0 rg BT 394.89 477.45 Td (. ) Tj ET Q q 0 0 0 rg BT 399.86 477.45 Td (As ) Tj ET Q q 0 0 0 rg BT 413.75 477.45 Td (a ) Tj ET Q q 0 0 0 rg BT 421.29 477.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 443.62 477.45 Td (for ) Tj ET Q q 0 0 0 rg BT 458.03 477.45 Td (considering ) Tj ET Q q 0 0 0 rg BT 505.68 477.45 Td (market ) Tj ET Q q 0 0 0 rg BT 535.38 477.45 Td (participant ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 466.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 84.92 466.05 Td (in ) Tj ET Q q 0 0 0 rg BT 94.25 466.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 109.38 466.05 Td (value ) Tj ET Q q 0 0 0 rg BT 131.89 466.05 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 190.55 466.05 Td (US ) Tj ET Q q 0 0 0 rg BT 204.64 466.05 Td (GAAP) Tj ET Q q 0 0 0 rg BT 230.15 466.05 Td ( ) Tj ET Q q 0 0 0 rg BT 232.09 466.05 Td (establishes ) Tj ET Q q 0 0 0 rg BT 275.19 466.05 Td (a ) Tj ET Q q 0 0 0 rg BT 281.35 466.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 296.48 466.05 Td (value ) Tj ET Q q 0 0 0 rg BT 318.99 466.05 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 356.80 466.05 Td (that ) Tj ET Q q 0 0 0 rg BT 372.99 466.05 Td (distinguishes ) Tj ET Q q 0 0 0 rg BT 424.55 466.05 Td (between ) Tj ET Q q 0 0 0 rg BT 458.14 466.05 Td (market ) Tj ET Q q 0 0 0 rg BT 486.46 466.05 Td (participant ) Tj ET Q q 0 0 0 rg BT 529.02 466.05 Td (assumptions ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 454.65 Td (based ) Tj ET Q q 0 0 0 rg BT 59.88 454.65 Td (on ) Tj ET Q q 0 0 0 rg BT 71.63 454.65 Td (market ) Tj ET Q q 0 0 0 rg BT 100.25 454.65 Td (data ) Tj ET Q q 0 0 0 rg BT 118.32 454.65 Td (obtained ) Tj ET Q q 0 0 0 rg BT 153.29 454.65 Td (from ) Tj ET Q q 0 0 0 rg BT 174.00 454.65 Td (sources ) Tj ET Q q 0 0 0 rg BT 204.74 454.65 Td (independent ) Tj ET Q q 0 0 0 rg BT 253.42 454.65 Td (of ) Tj ET Q q 0 0 0 rg BT 263.58 454.65 Td (the ) Tj ET Q q 0 0 0 rg BT 277.44 454.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 314.51 454.65 Td (entity ) Tj ET Q q 0 0 0 rg BT 338.39 454.65 Td (\(observable ) Tj ET Q q 0 0 0 rg BT 384.96 454.65 Td (inputs ) Tj ET Q q 0 0 0 rg BT 410.43 454.65 Td (that ) Tj ET Q q 0 0 0 rg BT 426.93 454.65 Td (are ) Tj ET Q q 0 0 0 rg BT 440.77 454.65 Td (classified ) Tj ET Q q 0 0 0 rg BT 478.90 454.65 Td (within ) Tj ET Q q 0 0 0 rg BT 505.43 454.65 Td (levels ) Tj ET Q q 0 0 0 rg BT 529.83 454.65 Td (one ) Tj ET Q q 0 0 0 rg BT 545.80 454.65 Td (and ) Tj ET Q q 0 0 0 rg BT 561.77 454.65 Td (two ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.22 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 60.14 443.25 Td (hierarchy\) ) Tj ET Q q 0 0 0 rg BT 101.48 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.50 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.42 443.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 168.55 443.25 Td (entity) Tj ET Q q 0 0 0 rg BT 192.83 443.25 Td (s ) Tj ET Q q 0 0 0 rg BT 198.83 443.25 Td (own ) Tj ET Q q 0 0 0 rg BT 217.50 443.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 266.79 443.25 Td (about ) Tj ET Q q 0 0 0 rg BT 290.21 443.25 Td (market ) Tj ET Q q 0 0 0 rg BT 318.89 443.25 Td (participant ) Tj ET Q q 0 0 0 rg BT 361.82 443.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 411.11 443.25 Td (\(unobservable ) Tj ET Q q 0 0 0 rg BT 467.23 443.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 492.77 443.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 530.96 443.25 Td (within ) Tj ET Q q 0 0 0 rg BT 557.54 443.25 Td (level ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 431.85 Td (three ) Tj ET Q q 0 0 0 rg BT 57.36 431.85 Td (of ) Tj ET Q q 0 0 0 rg BT 67.65 431.85 Td (the ) Tj ET Q q 0 0 0 rg BT 81.63 431.85 Td (hierarchy\). ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 408.45 Td (Level ) Tj ET Q q 0 0 0 rg BT 96.19 408.45 Td (one ) Tj ET Q q 0 0 0 rg BT 112.47 408.45 Td (input ) Tj ET Q q 0 0 0 rg BT 134.56 408.45 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 164.57 408.45 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 208.29 408.45 Td (quoted ) Tj ET Q q 0 0 0 rg BT 236.71 408.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 261.96 408.45 Td (in ) Tj ET Q q 0 0 0 rg BT 271.91 408.45 Td (active ) Tj ET Q q 0 0 0 rg BT 297.16 408.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 329.80 408.45 Td (for ) Tj ET Q q 0 0 0 rg BT 343.44 408.45 Td (identical ) Tj ET Q q 0 0 0 rg BT 378.71 408.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.44 408.45 Td (or ) Tj ET Q q 0 0 0 rg BT 413.92 408.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 451.84 408.45 Td (that ) Tj ET Q q 0 0 0 rg BT 468.65 408.45 Td (the ) Tj ET Q q 0 0 0 rg BT 482.82 408.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 522.33 408.45 Td (has ) Tj ET Q q 0 0 0 rg BT 537.55 408.45 Td (the ) Tj ET Q q 0 0 0 rg BT 551.72 408.45 Td (ability ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 397.05 Td (to ) Tj ET Q q 0 0 0 rg BT 45.78 397.05 Td (access. ) Tj ET Q q 0 0 0 rg BT 74.80 397.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 98.82 397.05 Td (two ) Tj ET Q q 0 0 0 rg BT 115.46 397.05 Td (inputs ) Tj ET Q q 0 0 0 rg BT 141.08 397.05 Td (are ) Tj ET Q q 0 0 0 rg BT 155.06 397.05 Td (inputs ) Tj ET Q q 0 0 0 rg BT 180.68 397.05 Td (other ) Tj ET Q q 0 0 0 rg BT 202.59 397.05 Td (than ) Tj ET Q q 0 0 0 rg BT 221.33 397.05 Td (quoted ) Tj ET Q q 0 0 0 rg BT 249.58 397.05 Td (prices ) Tj ET Q q 0 0 0 rg BT 274.65 397.05 Td (included ) Tj ET Q q 0 0 0 rg BT 309.75 397.05 Td (in ) Tj ET Q q 0 0 0 rg BT 319.53 397.05 Td (level ) Tj ET Q q 0 0 0 rg BT 340.38 397.05 Td (one ) Tj ET Q q 0 0 0 rg BT 356.49 397.05 Td (that ) Tj ET Q q 0 0 0 rg BT 373.13 397.05 Td (are ) Tj ET Q q 0 0 0 rg BT 387.11 397.05 Td (observable ) Tj ET Q q 0 0 0 rg BT 430.65 397.05 Td (for ) Tj ET Q q 0 0 0 rg BT 444.12 397.05 Td (the ) Tj ET Q q 0 0 0 rg BT 458.11 397.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 478.97 397.05 Td (or ) Tj ET Q q 0 0 0 rg BT 489.27 397.05 Td (liability) Tj ET Q q 0 0 0 rg BT 518.21 397.05 Td (, ) Tj ET Q q 0 0 0 rg BT 522.98 397.05 Td (either ) Tj ET Q q 0 0 0 rg BT 546.99 397.05 Td (directly ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 385.65 Td (or ) Tj ET Q q 0 0 0 rg BT 46.02 385.65 Td (indirectly) Tj ET Q q 0 0 0 rg BT 81.80 385.65 Td (. ) Tj ET Q q 0 0 0 rg BT 86.28 385.65 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.01 385.65 Td (two ) Tj ET Q q 0 0 0 rg BT 126.36 385.65 Td (inputs ) Tj ET Q q 0 0 0 rg BT 151.69 385.65 Td (may ) Tj ET Q q 0 0 0 rg BT 170.15 385.65 Td (include ) Tj ET Q q 0 0 0 rg BT 200.21 385.65 Td (quoted ) Tj ET Q q 0 0 0 rg BT 228.17 385.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 252.96 385.65 Td (for ) Tj ET Q q 0 0 0 rg BT 266.13 385.65 Td (similar ) Tj ET Q q 0 0 0 rg BT 294.62 385.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 318.89 385.65 Td (and ) Tj ET Q q 0 0 0 rg BT 334.71 385.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 372.17 385.65 Td (in ) Tj ET Q q 0 0 0 rg BT 381.66 385.65 Td (active ) Tj ET Q q 0 0 0 rg BT 406.44 385.65 Td (markets, ) Tj ET Q q 0 0 0 rg BT 440.99 385.65 Td (as ) Tj ET Q q 0 0 0 rg BT 451.00 385.65 Td (well ) Tj ET Q q 0 0 0 rg BT 469.46 385.65 Td (as ) Tj ET Q q 0 0 0 rg BT 479.48 385.65 Td (inputs ) Tj ET Q q 0 0 0 rg BT 504.81 385.65 Td (that ) Tj ET Q q 0 0 0 rg BT 521.15 385.65 Td (are ) Tj ET Q q 0 0 0 rg BT 534.85 385.65 Td (observable ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 374.25 Td (for ) Tj ET Q q 0 0 0 rg BT 49.08 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 62.68 374.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 83.15 374.25 Td (or ) Tj ET Q q 0 0 0 rg BT 93.07 374.25 Td (liability) Tj ET Q q 0 0 0 rg BT 122.00 374.25 Td (, ) Tj ET Q q 0 0 0 rg BT 126.38 374.25 Td (other ) Tj ET Q q 0 0 0 rg BT 147.90 374.25 Td (than ) Tj ET Q q 0 0 0 rg BT 166.26 374.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 194.11 374.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 221.17 374.25 Td (such ) Tj ET Q q 0 0 0 rg BT 240.59 374.25 Td (as ) Tj ET Q q 0 0 0 rg BT 250.50 374.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 280.47 374.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 302.78 374.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 332.21 374.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 370.08 374.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 390.01 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.73 374.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 426.73 374.25 Td (curves ) Tj ET Q q 0 0 0 rg BT 453.52 374.25 Td (that ) Tj ET Q q 0 0 0 rg BT 469.77 374.25 Td (are ) Tj ET Q q 0 0 0 rg BT 483.37 374.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 526.52 374.25 Td (at ) Tj ET Q q 0 0 0 rg BT 535.37 374.25 Td (commonly ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 362.85 Td (quoted ) Tj ET Q q 0 0 0 rg BT 64.12 362.85 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 101.47 362.85 Td (Level ) Tj ET Q q 0 0 0 rg BT 125.36 362.85 Td (three ) Tj ET Q q 0 0 0 rg BT 146.61 362.85 Td (inputs ) Tj ET Q q 0 0 0 rg BT 172.10 362.85 Td (are ) Tj ET Q q 0 0 0 rg BT 185.96 362.85 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 238.88 362.85 Td (inputs ) Tj ET Q q 0 0 0 rg BT 264.37 362.85 Td (for ) Tj ET Q q 0 0 0 rg BT 277.71 362.85 Td (the ) Tj ET Q q 0 0 0 rg BT 291.58 362.85 Td (asset ) Tj ET Q q 0 0 0 rg BT 312.31 362.85 Td (or ) Tj ET Q q 0 0 0 rg BT 322.49 362.85 Td (liability) Tj ET Q q 0 0 0 rg BT 351.43 362.85 Td (, ) Tj ET Q q 0 0 0 rg BT 356.06 362.85 Td (which ) Tj ET Q q 0 0 0 rg BT 381.55 362.85 Td (are ) Tj ET Q q 0 0 0 rg BT 395.41 362.85 Td (typically ) Tj ET Q q 0 0 0 rg BT 430.91 362.85 Td (based ) Tj ET Q q 0 0 0 rg BT 454.81 362.85 Td (on ) Tj ET Q q 0 0 0 rg BT 466.57 362.85 Td (an ) Tj ET Q q 0 0 0 rg BT 477.80 362.85 Td (entity) Tj ET Q q 0 0 0 rg BT 502.08 362.85 Td (s ) Tj ET Q q 0 0 0 rg BT 508.04 362.85 Td (own ) Tj ET Q q 0 0 0 rg BT 526.66 362.85 Td (assumptions, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 351.45 Td (as ) Tj ET Q q 0 0 0 rg BT 46.95 351.45 Td (there ) Tj ET Q q 0 0 0 rg BT 68.97 351.45 Td (is ) Tj ET Q q 0 0 0 rg BT 78.35 351.45 Td (little, ) Tj ET Q q 0 0 0 rg BT 101.17 351.45 Td (if ) Tj ET Q q 0 0 0 rg BT 110.01 351.45 Td (any) Tj ET Q q 0 0 0 rg BT 123.11 351.45 Td (, ) Tj ET Q q 0 0 0 rg BT 128.52 351.45 Td (related ) Tj ET Q q 0 0 0 rg BT 157.40 351.45 Td (market ) Tj ET Q q 0 0 0 rg BT 186.81 351.45 Td (activity) Tj ET Q q 0 0 0 rg BT 214.69 351.45 Td (. ) Tj ET Q q 0 0 0 rg BT 220.10 351.45 Td (In ) Tj ET Q q 0 0 0 rg BT 231.05 351.45 Td (instances ) Tj ET Q q 0 0 0 rg BT 268.91 351.45 Td (where ) Tj ET Q q 0 0 0 rg BT 295.16 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 309.80 351.45 Td (determination ) Tj ET Q q 0 0 0 rg BT 365.60 351.45 Td (of ) Tj ET Q q 0 0 0 rg BT 376.55 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 391.19 351.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 407.41 351.45 Td (value ) Tj ET Q q 0 0 0 rg BT 431.02 351.45 Td (measurement ) Tj ET Q q 0 0 0 rg BT 484.70 351.45 Td (is ) Tj ET Q q 0 0 0 rg BT 494.07 351.45 Td (based ) Tj ET Q q 0 0 0 rg BT 518.74 351.45 Td (on ) Tj ET Q q 0 0 0 rg BT 531.28 351.45 Td (inputs ) Tj ET Q q 0 0 0 rg BT 557.54 351.45 Td (from ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 340.05 Td (dif) Tj ET Q q 0 0 0 rg BT 46.38 340.05 Td (ferent ) Tj ET Q q 0 0 0 rg BT 70.90 340.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 95.42 340.05 Td (of ) Tj ET Q q 0 0 0 rg BT 105.70 340.05 Td (the ) Tj ET Q q 0 0 0 rg BT 119.68 340.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 135.22 340.05 Td (value ) Tj ET Q q 0 0 0 rg BT 158.16 340.05 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 193.41 340.05 Td (, ) Tj ET Q q 0 0 0 rg BT 198.15 340.05 Td (the ) Tj ET Q q 0 0 0 rg BT 212.13 340.05 Td (level ) Tj ET Q q 0 0 0 rg BT 232.96 340.05 Td (in ) Tj ET Q q 0 0 0 rg BT 242.71 340.05 Td (the ) Tj ET Q q 0 0 0 rg BT 256.68 340.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 272.23 340.05 Td (value ) Tj ET Q q 0 0 0 rg BT 295.17 340.05 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 333.40 340.05 Td (within ) Tj ET Q q 0 0 0 rg BT 360.05 340.05 Td (which ) Tj ET Q q 0 0 0 rg BT 385.63 340.05 Td (the ) Tj ET Q q 0 0 0 rg BT 399.60 340.05 Td (entire ) Tj ET Q q 0 0 0 rg BT 423.60 340.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 439.15 340.05 Td (value ) Tj ET Q q 0 0 0 rg BT 462.09 340.05 Td (measurement ) Tj ET Q q 0 0 0 rg BT 515.10 340.05 Td (falls ) Tj ET Q q 0 0 0 rg BT 533.82 340.05 Td (is ) Tj ET Q q 0 0 0 rg BT 542.52 340.05 Td (based ) Tj ET Q q 0 0 0 rg BT 566.52 340.05 Td (on ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 328.65 Td (the ) Tj ET Q q 0 0 0 rg BT 49.36 328.65 Td (lowest ) Tj ET Q q 0 0 0 rg BT 75.92 328.65 Td (level ) Tj ET Q q 0 0 0 rg BT 96.13 328.65 Td (input ) Tj ET Q q 0 0 0 rg BT 117.41 328.65 Td (that ) Tj ET Q q 0 0 0 rg BT 133.41 328.65 Td (is ) Tj ET Q q 0 0 0 rg BT 141.50 328.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 183.36 328.65 Td (to ) Tj ET Q q 0 0 0 rg BT 192.50 328.65 Td (the ) Tj ET Q q 0 0 0 rg BT 205.86 328.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 220.79 328.65 Td (value ) Tj ET Q q 0 0 0 rg BT 243.12 328.65 Td (measurement ) Tj ET Q q 0 0 0 rg BT 295.52 328.65 Td (in ) Tj ET Q q 0 0 0 rg BT 304.66 328.65 Td (its ) Tj ET Q q 0 0 0 rg BT 315.39 328.65 Td (entirety) Tj ET Q q 0 0 0 rg BT 343.79 328.65 Td (. ) Tj ET Q q 0 0 0 rg BT 347.79 328.65 Td (The ) Tj ET Q q 0 0 0 rg BT 364.31 328.65 Td (Company) Tj ET Q q 0 0 0 rg BT 403.89 328.65 Td (s ) Tj ET Q q 0 0 0 rg BT 409.34 328.65 Td (assessment ) Tj ET Q q 0 0 0 rg BT 453.32 328.65 Td (of ) Tj ET Q q 0 0 0 rg BT 462.98 328.65 Td (the ) Tj ET Q q 0 0 0 rg BT 476.34 328.65 Td (significance ) Tj ET Q q 0 0 0 rg BT 523.99 328.65 Td (of ) Tj ET Q q 0 0 0 rg BT 533.66 328.65 Td (a ) Tj ET Q q 0 0 0 rg BT 539.63 328.65 Td (particular ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (input ) Tj ET Q q 0 0 0 rg BT 57.90 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 67.67 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.65 317.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.21 317.25 Td (value ) Tj ET Q q 0 0 0 rg BT 120.16 317.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 173.18 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.94 317.25 Td (its ) Tj ET Q q 0 0 0 rg BT 194.30 317.25 Td (entirety ) Tj ET Q q 0 0 0 rg BT 225.69 317.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 258.66 317.25 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 299.29 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.39 317.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 353.64 317.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 381.87 317.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 413.78 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.55 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.53 317.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 458.37 317.25 Td (or ) Tj ET Q q 0 0 0 rg BT 468.66 317.25 Td (liability) Tj ET Q q 0 0 0 rg BT 497.60 317.25 Td (. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 293.85 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 102.34 293.85 Td (market ) Tj ET Q q 0 0 0 rg BT 131.09 293.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 156.15 293.85 Td (are ) Tj ET Q q 0 0 0 rg BT 170.13 293.85 Td (used ) Tj ET Q q 0 0 0 rg BT 189.91 293.85 Td (to ) Tj ET Q q 0 0 0 rg BT 199.68 293.85 Td (estimate ) Tj ET Q q 0 0 0 rg BT 233.71 293.85 Td (the ) Tj ET Q q 0 0 0 rg BT 247.69 293.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 263.25 293.85 Td (value ) Tj ET Q q 0 0 0 rg BT 286.20 293.85 Td (of ) Tj ET Q q 0 0 0 rg BT 296.49 293.85 Td (marketable ) Tj ET Q q 0 0 0 rg BT 341.06 293.85 Td (securities, ) Tj ET Q q 0 0 0 rg BT 381.69 293.85 Td (which ) Tj ET Q q 0 0 0 rg BT 407.28 293.85 Td (are ) Tj ET Q q 0 0 0 rg BT 421.25 293.85 Td (valued ) Tj ET Q q 0 0 0 rg BT 448.95 293.85 Td (at ) Tj ET Q q 0 0 0 rg BT 458.18 293.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 473.74 293.85 Td (value ) Tj ET Q q 0 0 0 rg BT 496.69 293.85 Td (on ) Tj ET Q q 0 0 0 rg BT 508.56 293.85 Td (a ) Tj ET Q q 0 0 0 rg BT 515.16 293.85 Td (recurring ) Tj ET Q q 0 0 0 rg BT 552.35 293.85 Td (basis. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 270.45 Td (The ) Tj ET Q q 0 0 0 rg BT 88.81 270.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.03 270.45 Td (values ) Tj ET Q q 0 0 0 rg BT 130.34 270.45 Td (of ) Tj ET Q q 0 0 0 rg BT 140.29 270.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.29 270.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 186.56 270.45 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 214.20 270.45 Td (cross ) Tj ET Q q 0 0 0 rg BT 235.76 270.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 271.03 270.45 Td (swaps ) Tj ET Q q 0 0 0 rg BT 296.29 270.45 Td (and ) Tj ET Q q 0 0 0 rg BT 312.04 270.45 Td (forward ) Tj ET Q q 0 0 0 rg BT 344.15 270.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 382.05 270.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 418.38 270.45 Td (are ) Tj ET Q q 0 0 0 rg BT 432.01 270.45 Td (calculated ) Tj ET Q q 0 0 0 rg BT 472.55 270.45 Td (using ) Tj ET Q q 0 0 0 rg BT 495.18 270.45 Td (the ) Tj ET Q q 0 0 0 rg BT 508.82 270.45 Td (income ) Tj ET Q q 0 0 0 rg BT 538.82 270.45 Td (approach, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 259.05 Td (discounting ) Tj ET Q q 0 0 0 rg BT 82.71 259.05 Td (of ) Tj ET Q q 0 0 0 rg BT 93.00 259.05 Td (future ) Tj ET Q q 0 0 0 rg BT 118.06 259.05 Td (contracted ) Tj ET Q q 0 0 0 rg BT 159.99 259.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.25 259.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 202.73 259.05 Td (on ) Tj ET Q q 0 0 0 rg BT 214.61 259.05 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 245.48 259.05 Td (and ) Tj ET Q q 0 0 0 rg BT 261.57 259.05 Td (NIBOR ) Tj ET Q q 0 0 0 rg BT 293.51 259.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 323.85 259.05 Td (rates. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 235.65 Td (The ) Tj ET Q q 0 0 0 rg BT 88.96 235.65 Td (carrying ) Tj ET Q q 0 0 0 rg BT 122.80 235.65 Td (value ) Tj ET Q q 0 0 0 rg BT 145.56 235.65 Td (of ) Tj ET Q q 0 0 0 rg BT 155.67 235.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 174.74 235.65 Td (and ) Tj ET Q q 0 0 0 rg BT 190.65 235.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.72 235.65 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 255.18 235.65 Td (and ) Tj ET Q q 0 0 0 rg BT 271.08 235.65 Td (restricted ) Tj ET Q q 0 0 0 rg BT 308.62 235.65 Td (cash, ) Tj ET Q q 0 0 0 rg BT 330.06 235.65 Td (which ) Tj ET Q q 0 0 0 rg BT 355.47 235.65 Td (are ) Tj ET Q q 0 0 0 rg BT 369.26 235.65 Td (highly ) Tj ET Q q 0 0 0 rg BT 395.73 235.65 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 422.46 235.65 Td (is ) Tj ET Q q 0 0 0 rg BT 430.99 235.65 Td (a ) Tj ET Q q 0 0 0 rg BT 437.40 235.65 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 480.21 235.65 Td (estimate ) Tj ET Q q 0 0 0 rg BT 514.05 235.65 Td (of ) Tj ET Q q 0 0 0 rg BT 524.16 235.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 539.53 235.65 Td (value ) Tj ET Q q 0 0 0 rg BT 562.29 235.65 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 224.25 Td (categorized ) Tj ET Q q 0 0 0 rg BT 82.15 224.25 Td (at ) Tj ET Q q 0 0 0 rg BT 91.38 224.25 Td (level ) Tj ET Q q 0 0 0 rg BT 112.22 224.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 119.35 224.25 Td (on ) Tj ET Q q 0 0 0 rg BT 131.22 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.20 224.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.76 224.25 Td (value ) Tj ET Q q 0 0 0 rg BT 183.71 224.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 236.73 224.25 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 271.98 224.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 200.25 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 74.80 200.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.23 200.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.07 200.25 Td (value ) Tj ET Q q 0 0 0 rg BT 131.31 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.88 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.15 200.25 Td (current ) Tj ET Q q 0 0 0 rg BT 185.71 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.09 200.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 242.21 200.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 272.31 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.89 200.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 315.09 200.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 331.99 200.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 351.01 200.25 Td (is ) Tj ET Q q 0 0 0 rg BT 360.01 200.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 399.07 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.12 200.25 Td (be ) Tj ET Q q 0 0 0 rg BT 420.75 200.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 443.98 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.03 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.30 200.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 502.61 200.25 Td (value ) Tj ET Q q 0 0 0 rg BT 525.84 200.25 Td (since ) Tj ET Q q 0 0 0 rg BT 548.02 200.25 Td (it ) Tj ET Q q 0 0 0 rg BT 555.96 200.25 Td (bears ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 188.85 Td (variable ) Tj ET Q q 0 0 0 rg BT 69.08 188.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.52 188.85 Td (rates, ) Tj ET Q q 0 0 0 rg BT 122.31 188.85 Td (which ) Tj ET Q q 0 0 0 rg BT 148.01 188.85 Td (are ) Tj ET Q q 0 0 0 rg BT 162.09 188.85 Td (reset ) Tj ET Q q 0 0 0 rg BT 182.51 188.85 Td (regularly ) Tj ET Q q 0 0 0 rg BT 219.28 188.85 Td (and ) Tj ET Q q 0 0 0 rg BT 235.48 188.85 Td (usually ) Tj ET Q q 0 0 0 rg BT 265.40 188.85 Td (in ) Tj ET Q q 0 0 0 rg BT 275.27 188.85 Td (the ) Tj ET Q q 0 0 0 rg BT 289.36 188.85 Td (range ) Tj ET Q q 0 0 0 rg BT 312.94 188.85 Td (between ) Tj ET Q q 0 0 0 rg BT 347.07 188.85 Td (every ) Tj ET Q q 0 0 0 rg BT 370.65 188.85 Td (one ) Tj ET Q q 0 0 0 rg BT 386.85 188.85 Td (to ) Tj ET Q q 0 0 0 rg BT 396.72 188.85 Td (six ) Tj ET Q q 0 0 0 rg BT 410.29 188.85 Td (months. ) Tj ET Q q 0 0 0 rg BT 442.95 188.85 Td (This ) Tj ET Q q 0 0 0 rg BT 462.32 188.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 481.16 188.85 Td (is ) Tj ET Q q 0 0 0 rg BT 489.98 188.85 Td (not ) Tj ET Q q 0 0 0 rg BT 504.60 188.85 Td (freely ) Tj ET Q q 0 0 0 rg BT 529.23 188.85 Td (tradable ) Tj ET Q q 0 0 0 rg BT 562.30 188.85 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 177.45 Td (cannot ) Tj ET Q q 0 0 0 rg BT 63.75 177.45 Td (be ) Tj ET Q q 0 0 0 rg BT 75.14 177.45 Td (purchased ) Tj ET Q q 0 0 0 rg BT 116.08 177.45 Td (by ) Tj ET Q q 0 0 0 rg BT 128.01 177.45 Td (the ) Tj ET Q q 0 0 0 rg BT 142.04 177.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.41 177.45 Td (at ) Tj ET Q q 0 0 0 rg BT 190.70 177.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 215.81 177.45 Td (other ) Tj ET Q q 0 0 0 rg BT 237.76 177.45 Td (than ) Tj ET Q q 0 0 0 rg BT 256.54 177.45 Td (the ) Tj ET Q q 0 0 0 rg BT 270.57 177.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 317.33 177.45 Td (balance ) Tj ET Q q 0 0 0 rg BT 348.77 177.45 Td (plus ) Tj ET Q q 0 0 0 rg BT 367.03 177.45 Td (accrued ) Tj ET Q q 0 0 0 rg BT 398.99 177.45 Td (interest. ) Tj ET Q q 0 0 0 rg BT 431.58 177.45 Td (W) Tj ET Q q 0 0 0 rg BT 439.79 177.45 Td (e ) Tj ET Q q 0 0 0 rg BT 446.43 177.45 Td (have ) Tj ET Q q 0 0 0 rg BT 466.79 177.45 Td (categorized ) Tj ET Q q 0 0 0 rg BT 513.00 177.45 Td (this ) Tj ET Q q 0 0 0 rg BT 529.15 177.45 Td (at ) Tj ET Q q 0 0 0 rg BT 538.43 177.45 Td (level ) Tj ET Q q 0 0 0 rg BT 559.32 177.45 Td (2 ) Tj ET Q q 0 0 0 rg BT 566.50 177.45 Td (on ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 166.05 Td (the ) Tj ET Q q 0 0 0 rg BT 49.98 166.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.54 166.05 Td (value ) Tj ET Q q 0 0 0 rg BT 88.49 166.05 Td (measurement ) Tj ET Q q 0 0 0 rg BT 141.51 166.05 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 176.76 166.05 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 142.65 Td ( ) Tj ET Q q 0 0 0 rg BT 74.16 142.65 Td (The ) Tj ET Q q 0 0 0 rg BT 91.26 142.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.77 142.65 Td (value ) Tj ET Q q 0 0 0 rg BT 129.68 142.65 Td (of ) Tj ET Q q 0 0 0 rg BT 139.92 142.65 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 153.86 142.65 Td ($500 ) Tj ET Q q 0 0 0 rg BT 175.19 142.65 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 202.63 142.65 Td ( ) Tj ET Q q 0 0 0 rg BT 204.96 142.65 Td (related ) Tj ET Q q 0 0 0 rg BT 233.14 142.65 Td (party ) Tj ET Q q 0 0 0 rg BT 254.99 142.65 Td (bond ) Tj ET Q q 0 0 0 rg BT 276.32 142.65 Td (at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 285.50 142.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 341.11 142.65 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 360.11 142.65 Td ( ) Tj ET Q q 0 0 0 rg BT 362.44 142.65 Td (is ) Tj ET Q q 0 0 0 rg BT 371.11 142.65 Td (estimated ) Tj ET Q q 0 0 0 rg BT 409.84 142.65 Td (based ) Tj ET Q q 0 0 0 rg BT 433.81 142.65 Td (on ) Tj ET Q q 0 0 0 rg BT 445.63 142.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 492.30 142.65 Td (for ) Tj ET Q q 0 0 0 rg BT 505.70 142.65 Td (which ) Tj ET Q q 0 0 0 rg BT 531.25 142.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 546.76 142.65 Td (value ) Tj ET Q q 0 0 0 rg BT 569.67 142.65 Td (is ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 131.25 Td (readily ) Tj ET Q q 0 0 0 rg BT 64.57 131.25 Td (available ) Tj ET Q q 0 0 0 rg BT 101.06 131.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.65 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.45 131.25 Td (market ) Tj ET Q q 0 0 0 rg BT 153.02 131.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.11 131.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 218.62 131.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 242.44 131.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 273.13 131.25 Td (as ) Tj ET Q q 0 0 0 rg BT 283.25 131.25 Td (at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 292.30 131.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.78 131.25 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.78 131.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.98 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.89 131.25 Td (at ) Tj ET Q q 0 0 0 rg BT 393.94 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.75 131.25 Td (time ) Tj ET Q q 0 0 0 rg BT 426.83 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.94 131.25 Td (entering ) Tj ET Q q 0 0 0 rg BT 470.27 131.25 Td (into ) Tj ET Q q 0 0 0 rg BT 487.25 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.05 131.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 519.60 131.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 563.58 131.25 Td (W) Tj ET Q q 0 0 0 rg BT 571.78 131.25 Td (e ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 119.85 Td (have ) Tj ET Q q 0 0 0 rg BT 56.31 119.85 Td (categorized ) Tj ET Q q 0 0 0 rg BT 102.46 119.85 Td (this ) Tj ET Q q 0 0 0 rg BT 118.56 119.85 Td (at ) Tj ET Q q 0 0 0 rg BT 127.79 119.85 Td (level ) Tj ET Q q 0 0 0 rg BT 148.63 119.85 Td (2 ) Tj ET Q q 0 0 0 rg BT 155.76 119.85 Td (on ) Tj ET Q q 0 0 0 rg BT 167.63 119.85 Td (the ) Tj ET Q q 0 0 0 rg BT 181.61 119.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 197.17 119.85 Td (value ) Tj ET Q q 0 0 0 rg BT 220.12 119.85 Td (measurement ) Tj ET Q q 0 0 0 rg BT 273.14 119.85 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 308.39 119.85 Td (.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 96.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.06 96.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.54 96.45 Td (value ) Tj ET Q q 0 0 0 rg BT 127.41 96.45 Td (of ) Tj ET Q q 0 0 0 rg BT 137.62 96.45 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 151.52 96.45 Td ($5 ) Tj ET Q q 0 0 0 rg BT 163.32 96.45 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 190.76 96.45 Td ( ) Tj ET Q q 0 0 0 rg BT 193.06 96.45 Td (floating ) Tj ET Q q 0 0 0 rg BT 224.90 96.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 241.44 96.45 Td (revolving ) Tj ET Q q 0 0 0 rg BT 280.14 96.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 298.79 96.45 Td (from ) Tj ET Q q 0 0 0 rg BT 319.55 96.45 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 351.40 96.45 Td (is ) Tj ET Q q 0 0 0 rg BT 360.03 96.45 Td (estimated ) Tj ET Q q 0 0 0 rg BT 398.73 96.45 Td (to ) Tj ET Q q 0 0 0 rg BT 408.42 96.45 Td (be ) Tj ET Q q 0 0 0 rg BT 419.68 96.45 Td (equal ) Tj ET Q q 0 0 0 rg BT 442.55 96.45 Td (to ) Tj ET Q q 0 0 0 rg BT 452.23 96.45 Td (the ) Tj ET Q q 0 0 0 rg BT 466.13 96.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 500.08 96.45 Td (value. ) Tj ET Q q 0 0 0 rg BT 525.15 96.45 Td (This ) Tj ET Q q 0 0 0 rg BT 544.34 96.45 Td (estimate ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 85.05 Td (is ) Tj ET Q q 0 0 0 rg BT 44.63 85.05 Td (based ) Tj ET Q q 0 0 0 rg BT 68.56 85.05 Td (on ) Tj ET Q q 0 0 0 rg BT 80.36 85.05 Td (the ) Tj ET Q q 0 0 0 rg BT 94.26 85.05 Td (assumption ) Tj ET Q q 0 0 0 rg BT 139.84 85.05 Td (that ) Tj ET Q q 0 0 0 rg BT 156.38 85.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 189.28 85.05 Td (in ) Tj ET Q q 0 0 0 rg BT 198.97 85.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 229.23 85.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 249.46 85.05 Td (have ) Tj ET Q q 0 0 0 rg BT 269.69 85.05 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 319.48 85.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 347.63 85.05 Td (on ) Tj ET Q q 0 0 0 rg BT 359.43 85.05 Td (the ) Tj ET Q q 0 0 0 rg BT 373.33 85.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 388.81 85.05 Td (value ) Tj ET Q q 0 0 0 rg BT 411.68 85.05 Td (of ) Tj ET Q q 0 0 0 rg BT 421.89 85.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.80 85.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 454.45 85.05 Td (since ) Tj ET Q q 0 0 0 rg BT 476.27 85.05 Td (the ) Tj ET Q q 0 0 0 rg BT 490.17 85.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 531.51 85.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 561.77 85.05 Td (rate ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 73.65 Td (reprices ) Tj ET Q q 0 0 0 rg BT 68.44 73.65 Td (to ) Tj ET Q q 0 0 0 rg BT 78.20 73.65 Td (market ) Tj ET Q q 0 0 0 rg BT 106.96 73.65 Td (frequently) Tj ET Q q 0 0 0 rg BT 145.38 73.65 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-40) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 749.60 Td (Retained Risk) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 726.80 Td (Physical Damage Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 703.40 Td (The Parent purchases hull and machinery insurance to cover for physical damage to its drilling rigs and char) Tj ET Q q 0 0 0 rg BT 504.73 703.40 Td (ges the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 691.40 Td (for the cost related to the Company) Tj ET Q q 0 0 0 rg BT 179.85 691.40 Td (s fleet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 669.40 Td (The ) Tj ET Q q 0 0 0 rg BT 89.07 669.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.49 669.40 Td (retains ) Tj ET Q q 0 0 0 rg BT 157.67 669.40 Td (the ) Tj ET Q q 0 0 0 rg BT 171.41 669.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 187.94 669.40 Td (for ) Tj ET Q q 0 0 0 rg BT 201.12 669.40 Td (the ) Tj ET Q q 0 0 0 rg BT 214.86 669.40 Td (deductibles ) Tj ET Q q 0 0 0 rg BT 261.93 669.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 294.00 669.40 Td (to ) Tj ET Q q 0 0 0 rg BT 303.30 669.40 Td (physical ) Tj ET Q q 0 0 0 rg BT 338.15 669.40 Td (damage ) Tj ET Q q 0 0 0 rg BT 370.77 669.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 410.62 669.40 Td (on ) Tj ET Q q 0 0 0 rg BT 422.14 669.40 Td (the ) Tj ET Q q 0 0 0 rg BT 435.88 669.40 Td (Company) Tj ET Q q 0 0 0 rg BT 477.55 669.40 Td (s ) Tj ET Q q 0 0 0 rg BT 482.97 669.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 495.60 669.40 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 517.28 669.40 Td (The ) Tj ET Q q 0 0 0 rg BT 534.35 669.40 Td (deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 657.40 Td (is ) Tj ET Q q 0 0 0 rg BT 45.17 657.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 83.76 657.40 Td (a ) Tj ET Q q 0 0 0 rg BT 90.70 657.40 Td (maximum ) Tj ET Q q 0 0 0 rg BT 133.75 657.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.58 657.40 Td ($5 ) Tj ET Q q 0 0 0 rg BT 157.08 657.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.98 657.40 Td ( ) Tj ET Q q 0 0 0 rg BT 188.48 657.40 Td (per ) Tj ET Q q 0 0 0 rg BT 203.74 657.40 Td (occurrence.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 645.40 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 634.00 Td (Loss of Hire Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.60 Td (The Parent purchases insurance to cover for loss of revenue in the event of extensive downtime caused by physical damage to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.60 Td (its drilling rigs, where such damage is covered under the Parent) Tj ET Q q 0 0 0 rg BT 292.87 598.60 Td (s physical damage insurance, and char) Tj ET Q q 0 0 0 rg BT 445.96 598.60 Td (ges the Company for the cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.60 Td (related to the Company) Tj ET Q q 0 0 0 rg BT 132.36 586.60 Td (s fleet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 564.60 Td (The loss of hire insurance has a deductible period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.60 564.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.60 564.60 Td ( days after the occurrence of physical damage. ) Tj ET Q q 0 0 0 rg BT 481.38 564.60 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 522.61 564.60 Td (, insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 552.60 Td (policies according to which the Company is compensated for loss of revenue are limited to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.73 552.60 Td (210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.73 552.60 Td ( days. ) Tj ET Q q 0 0 0 rg BT 442.38 552.60 Td (The Company retains the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 540.60 Td (related to loss of hire during the initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.07 540.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.07 540.60 Td ( day period, as well as any loss of hire exceeding the number of days permitted under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 528.60 Td (insurance policy) Tj ET Q q 0 0 0 rg BT 101.16 528.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 504.60 Td (Protection and Indemnity Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 481.20 Td (The Parent purchases protection and indemnity insurance and excess liability for personal injury liability for crew claims, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 469.20 Td (non-crew claims and third-party property damage including oil pollution from the drilling rigs to cover claims of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.27 469.20 Td ($250 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.67 469.20 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 457.20 Td (per event and in the aggregate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 435.20 Td (The Company retains the risk for the deductible of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.44 435.20 Td ($0.025 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.33 435.20 Td ( per occurrence relating to protection and indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 423.20 Td (insurance.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 400.40 Td (Concentration of risk) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 377.60 Td (The ) Tj ET Q q 0 0 0 rg BT 88.86 377.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.89 377.60 Td (has ) Tj ET Q q 0 0 0 rg BT 142.64 377.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 177.96 377.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 204.59 377.60 Td (including ) Tj ET Q q 0 0 0 rg BT 242.56 377.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.53 377.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.33 377.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 296.30 377.60 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 344.03 377.60 Td (other ) Tj ET Q q 0 0 0 rg BT 365.64 377.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 410.45 377.60 Td (and ) Tj ET Q q 0 0 0 rg BT 426.25 377.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 454.18 377.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 494.25 377.60 Td (instrument ) Tj ET Q q 0 0 0 rg BT 536.98 377.60 Td (receivable ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 366.20 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 72.81 366.20 Td (These ) Tj ET Q q 0 0 0 rg BT 97.92 366.20 Td (other ) Tj ET Q q 0 0 0 rg BT 119.85 366.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.44 366.20 Td (expose ) Tj ET Q q 0 0 0 rg BT 173.24 366.20 Td (the ) Tj ET Q q 0 0 0 rg BT 187.26 366.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.63 366.20 Td (to ) Tj ET Q q 0 0 0 rg BT 236.43 366.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 260.48 366.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 277.15 366.20 Td (arising ) Tj ET Q q 0 0 0 rg BT 305.43 366.20 Td (from ) Tj ET Q q 0 0 0 rg BT 326.31 366.20 Td (possible ) Tj ET Q q 0 0 0 rg BT 359.87 366.20 Td (default ) Tj ET Q q 0 0 0 rg BT 388.67 366.20 Td (by ) Tj ET Q q 0 0 0 rg BT 400.58 366.20 Td (the ) Tj ET Q q 0 0 0 rg BT 414.61 366.20 Td (counterparty) Tj ET Q q 0 0 0 rg BT 462.00 366.20 Td (. ) Tj ET Q q 0 0 0 rg BT 466.62 366.20 Td (There ) Tj ET Q q 0 0 0 rg BT 491.19 366.20 Td (is ) Tj ET Q q 0 0 0 rg BT 499.95 366.20 Td (also ) Tj ET Q q 0 0 0 rg BT 517.67 366.20 Td (a ) Tj ET Q q 0 0 0 rg BT 524.30 366.20 Td (concentration ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 354.80 Td (of ) Tj ET Q q 0 0 0 rg BT 46.72 354.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 71.15 354.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 88.21 354.80 Td (with ) Tj ET Q q 0 0 0 rg BT 107.91 354.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 137.61 354.80 Td (to ) Tj ET Q q 0 0 0 rg BT 147.81 354.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 167.50 354.80 Td (and ) Tj ET Q q 0 0 0 rg BT 184.02 354.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.71 354.80 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 249.78 354.80 Td (to ) Tj ET Q q 0 0 0 rg BT 259.98 354.80 Td (the ) Tj ET Q q 0 0 0 rg BT 274.39 354.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 300.41 354.80 Td (that ) Tj ET Q q 0 0 0 rg BT 317.46 354.80 Td (most ) Tj ET Q q 0 0 0 rg BT 338.75 354.80 Td (of ) Tj ET Q q 0 0 0 rg BT 349.47 354.80 Td (the ) Tj ET Q q 0 0 0 rg BT 363.88 354.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 398.88 354.80 Td (are ) Tj ET Q q 0 0 0 rg BT 413.28 354.80 Td (carried ) Tj ET Q q 0 0 0 rg BT 442.46 354.80 Td (with ) Tj ET Q q 0 0 0 rg BT 462.16 354.80 Td (Swedbank ) Tj ET Q q 0 0 0 rg BT 503.92 354.80 Td (AB, ) Tj ET Q q 0 0 0 rg BT 522.30 354.80 Td (Danske ) Tj ET Q q 0 0 0 rg BT 553.60 354.80 Td (Bank, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 343.40 Td (ABN ) Tj ET Q q 0 0 0 rg BT 57.91 343.40 Td (Amro ) Tj ET Q q 0 0 0 rg BT 82.45 343.40 Td (and ) Tj ET Q q 0 0 0 rg BT 98.54 343.40 Td (Nordea ) Tj ET Q q 0 0 0 rg BT 128.87 343.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 151.30 343.40 Td (Finland ) Tj ET Q q 0 0 0 rg BT 182.71 343.40 Td (Plc. ) Tj ET Q q 0 0 0 rg BT 199.60 343.40 Td ( ) Tj ET Q q 0 0 0 rg BT 201.80 343.40 Td (The ) Tj ET Q q 0 0 0 rg BT 218.94 343.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.26 343.40 Td (considers ) Tj ET Q q 0 0 0 rg BT 296.52 343.40 Td (these ) Tj ET Q q 0 0 0 rg BT 318.41 343.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 338.74 343.40 Td (to ) Tj ET Q q 0 0 0 rg BT 348.50 343.40 Td (be ) Tj ET Q q 0 0 0 rg BT 359.84 343.40 Td (remote.) Tj ET Q BT /F1 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 rg /GS0 gs 36.00 304.39 36.00 -8.64 re f /GS0 gs q 1 0 0 rg BT 36.00 297.80 Td ( ) Tj ET Q BT /F1 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 rg /GS0 gs 72.00 304.39 249.31 -8.64 re f /GS0 gs q 0 0 0 rg BT 72.00 297.80 Td (Revenues from the following customers accounted for more than ) Tj ET Q BT /F1 9.50 Tf ET 1 1 1 rg /GS0 gs 321.31 304.39 17.41 -8.64 re f /GS0 gs q 0 0 0 rg BT 321.31 297.80 Td (10%) Tj ET Q BT /F1 9.50 Tf ET 1 1 1 rg /GS0 gs 338.72 304.39 159.09 -8.64 re f /GS0 gs q 0 0 0 rg BT 338.72 297.80 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 404.95 297.80 Td (s consolidated revenues:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 246.90 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 246.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 246.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 246.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 246.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 246.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 220.90 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 220.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 220.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 220.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 220.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 220.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 194.90 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 194.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 194.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 194.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 194.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 194.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 168.90 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 168.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 168.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 168.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 168.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 168.90 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 259.9 m 428.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 259.9 m 432.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 259.9 m 502.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 259.9 m 506.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 259.9 m 576.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 259.9 m 428.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 246.89999999999998 m 428.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 246.89999999999998 m 432.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 259.9 m 502.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 246.89999999999998 m 502.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 246.89999999999998 m 506.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 259.9 m 576.5 259.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 246.89999999999998 m 576.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 246.89999999999998 m 358.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 246.89999999999998 m 428.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 246.89999999999998 m 432.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 246.89999999999998 m 502.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 246.89999999999998 m 506.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 246.89999999999998 m 576.5 246.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 168.89999999999998 m 358.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 168.89999999999998 m 428.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 168.89999999999998 m 432.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 168.89999999999998 m 506.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 168.89999999999998 m 428.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 168.89999999999998 m 432.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 168.89999999999998 m 502.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 168.89999999999998 m 506.5 168.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 168.89999999999998 m 576.5 168.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 264.13 Td (Contract revenue split by client:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.60 264.13 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.50 251.13 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.50 251.15 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.60 251.15 Td (2011) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 237.81 Td (Statoil) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 409.00 237.97 Td (57) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.50 237.97 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.55 237.81 Td (46) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.05 237.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.55 237.81 Td (31) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 237.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 224.81 Td (Shell) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 409.00 224.97 Td (14) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.50 224.97 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.55 224.81 Td (17) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.05 224.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.55 224.81 Td (23) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 224.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 211.81 Td (ExxonMobil) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 409.00 211.97 Td (12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.50 211.97 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.30 211.81 Td (8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.05 211.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.55 211.81 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 198.81 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 409.00 198.97 Td (13) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.50 198.97 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.55 198.81 Td (16) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.05 198.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.55 198.81 Td (23) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 198.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 185.81 Td (BG Consortium) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 409.00 185.97 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.55 185.81 Td (13) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.05 185.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.55 185.81 Td (23) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 185.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 172.81 Td (Other) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 413.75 172.97 Td (4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.50 172.97 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 484.55 172.81 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.55 172.81 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 39.00 159.97 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 404.25 159.97 Td (100) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.50 159.97 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.80 159.81 Td (100) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.05 159.81 Td (%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.80 159.81 Td (100) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 568.05 159.81 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 36.00 134.60 Td (Note 26 Commitments and contingencies) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 111.80 Td (Legal Proceedings:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 89.00 Td (The ) Tj ET Q q 0 0 0 rg BT 88.91 89.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.99 89.00 Td (may ) Tj ET Q q 0 0 0 rg BT 146.49 89.00 Td (be ) Tj ET Q q 0 0 0 rg BT 157.59 89.00 Td (a ) Tj ET Q q 0 0 0 rg BT 163.95 89.00 Td (party) Tj ET Q q 0 0 0 rg BT 182.85 89.00 Td (, ) Tj ET Q q 0 0 0 rg BT 187.36 89.00 Td (as ) Tj ET Q q 0 0 0 rg BT 197.42 89.00 Td (plaintif) Tj ET Q q 0 0 0 rg BT 224.68 89.00 Td (f ) Tj ET Q q 0 0 0 rg BT 229.99 89.00 Td (or ) Tj ET Q q 0 0 0 rg BT 240.04 89.00 Td (defendant, ) Tj ET Q q 0 0 0 rg BT 282.01 89.00 Td (to ) Tj ET Q q 0 0 0 rg BT 291.53 89.00 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 324.81 89.00 Td (in ) Tj ET Q q 0 0 0 rg BT 334.34 89.00 Td (various ) Tj ET Q q 0 0 0 rg BT 364.45 89.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 413.56 89.00 Td (for ) Tj ET Q q 0 0 0 rg BT 426.78 89.00 Td (demurrage, ) Tj ET Q q 0 0 0 rg BT 471.91 89.00 Td (damages, ) Tj ET Q q 0 0 0 rg BT 509.66 89.00 Td (of) Tj ET Q q 0 0 0 rg BT 517.40 89.00 Td (f-hire ) Tj ET Q q 0 0 0 rg BT 540.64 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 556.49 89.00 Td (other ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 77.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 62.85 77.60 Td (and ) Tj ET Q q 0 0 0 rg BT 78.63 77.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 125.52 77.60 Td (disputes ) Tj ET Q q 0 0 0 rg BT 158.72 77.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 186.63 77.60 Td (from ) Tj ET Q q 0 0 0 rg BT 207.15 77.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.81 77.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 258.74 77.60 Td (of ) Tj ET Q q 0 0 0 rg BT 268.71 77.60 Td (its ) Tj ET Q q 0 0 0 rg BT 279.75 77.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 309.77 77.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 328.45 77.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.90 77.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.56 77.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 385.80 77.60 Td (course ) Tj ET Q q 0 0 0 rg BT 412.65 77.60 Td (of ) Tj ET Q q 0 0 0 rg BT 422.62 77.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 459.10 77.60 Td (The ) Tj ET Q q 0 0 0 rg BT 475.92 77.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 514.92 77.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 548.10 77.60 Td (that ) Tj ET Q q 0 0 0 rg BT 564.40 77.60 Td (the ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 66.20 Td (resolution ) Tj ET Q q 0 0 0 rg BT 76.72 66.20 Td (of ) Tj ET Q q 0 0 0 rg BT 87.37 66.20 Td (such ) Tj ET Q q 0 0 0 rg BT 107.51 66.20 Td (claims ) Tj ET Q q 0 0 0 rg BT 135.03 66.20 Td (either ) Tj ET Q q 0 0 0 rg BT 159.39 66.20 Td (individually ) Tj ET Q q 0 0 0 rg BT 208.03 66.20 Td (or ) Tj ET Q q 0 0 0 rg BT 218.67 66.20 Td (in ) Tj ET Q q 0 0 0 rg BT 228.79 66.20 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 268.44 66.20 Td (will ) Tj ET Q q 0 0 0 rg BT 285.94 66.20 Td (not ) Tj ET Q q 0 0 0 rg BT 300.81 66.20 Td (have ) Tj ET Q q 0 0 0 rg BT 321.47 66.20 Td (a ) Tj ET Q q 0 0 0 rg BT 328.42 66.20 Td (material ) Tj ET Q q 0 0 0 rg BT 362.27 66.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 394.01 66.20 Td (ef) Tj ET Q q 0 0 0 rg BT 401.21 66.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 418.18 66.20 Td (on ) Tj ET Q q 0 0 0 rg BT 430.41 66.20 Td (the ) Tj ET Q q 0 0 0 rg BT 444.74 66.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 489.82 66.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 532.12 66.20 Td (or ) Tj ET Q q 0 0 0 rg BT 542.76 66.20 Td (financial ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 54.80 Td (condition, ) Tj ET Q q 0 0 0 rg BT 76.64 54.80 Td (and ) Tj ET Q q 0 0 0 rg BT 92.73 54.80 Td (has ) Tj ET Q q 0 0 0 rg BT 107.77 54.80 Td (currently ) Tj ET Q q 0 0 0 rg BT 144.43 54.80 Td (no ) Tj ET Q q 0 0 0 rg BT 156.31 54.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 203.01 54.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 223.85 54.80 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 268.43 54.80 Td (it ) Tj ET Q q 0 0 0 rg BT 276.09 54.80 Td (considers ) Tj ET Q q 0 0 0 rg BT 314.34 54.80 Td (material.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-41) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 749.60 Td (Pledged assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 726.80 Td (The ) Tj ET Q q 0 0 0 rg BT 89.15 726.80 Td (book ) Tj ET Q q 0 0 0 rg BT 110.52 726.80 Td (value ) Tj ET Q q 0 0 0 rg BT 133.47 726.80 Td (of ) Tj ET Q q 0 0 0 rg BT 143.76 726.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 168.30 726.80 Td (pledged ) Tj ET Q q 0 0 0 rg BT 200.75 726.80 Td (under ) Tj ET Q q 0 0 0 rg BT 224.75 726.80 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 266.70 726.80 Td (and ) Tj ET Q q 0 0 0 rg BT 282.79 726.80 Td (overdraft ) Tj ET Q q 0 0 0 rg BT 319.98 726.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 355.06 726.80 Td (at ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 364.30 726.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 419.95 726.80 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 438.95 726.80 Td ( ) Tj ET Q q 0 0 0 rg BT 441.33 726.80 Td (was ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.48 726.80 Td ($2,377.8 ) Tj ET Q q 0 0 0 rg BT 494.10 726.80 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 521.55 726.80 Td (. ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 715.40 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 704.00 Td (Newbuilding Commitments ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 680.60 Td (As ) Tj ET Q q 0 0 0 rg BT 85.03 680.60 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 95.41 680.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 151.16 680.60 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 170.16 680.60 Td (, ) Tj ET Q q 0 0 0 rg BT 175.01 680.60 Td (we ) Tj ET Q q 0 0 0 rg BT 188.56 680.60 Td (had ) Tj ET Q q 0 0 0 rg BT 204.74 680.60 Td (two ) Tj ET Q q 0 0 0 rg BT 221.46 680.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 266.13 680.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 320.32 680.60 Td (under ) Tj ET Q q 0 0 0 rg BT 344.42 680.60 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 394.39 680.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 433.35 680.60 Td (The ) Tj ET Q q 0 0 0 rg BT 450.59 680.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 487.35 680.60 Td (are ) Tj ET Q q 0 0 0 rg BT 501.42 680.60 Td (for ) Tj ET Q q 0 0 0 rg BT 514.96 680.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.04 680.60 Td (construction ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 669.20 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 46.18 669.20 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 59.90 669.20 Td ( ) Tj ET Q q 0 0 0 rg BT 62.17 669.20 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 92.92 669.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 123.16 669.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 135.99 669.20 Td (and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 151.97 669.20 Td (one) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 165.69 669.20 Td ( ) Tj ET Q q 0 0 0 rg BT 167.96 669.20 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 237.24 669.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 267.48 669.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 280.30 669.20 Td (which ) Tj ET Q q 0 0 0 rg BT 305.79 669.20 Td (is ) Tj ET Q q 0 0 0 rg BT 314.40 669.20 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 354.65 669.20 Td (to ) Tj ET Q q 0 0 0 rg BT 364.31 669.20 Td (be ) Tj ET Q q 0 0 0 rg BT 375.55 669.20 Td (delivered ) Tj ET Q q 0 0 0 rg BT 413.16 669.20 Td (in ) Tj ET Q q 0 0 0 rg BT 422.82 669.20 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 436.69 669.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 457.96 669.20 Td (and ) Tj ET Q q 0 0 0 rg BT 473.95 669.20 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 487.83 669.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 511.47 669.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 556.75 669.20 Td (. ) Tj ET Q q 0 0 0 rg BT 561.23 669.20 Td (The ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 657.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 70.56 657.80 Td (schedule ) Tj ET Q q 0 0 0 rg BT 106.18 657.80 Td (for ) Tj ET Q q 0 0 0 rg BT 119.63 657.80 Td (the ) Tj ET Q q 0 0 0 rg BT 133.61 657.80 Td (contractual ) Tj ET Q q 0 0 0 rg BT 178.18 657.80 Td (commitments ) Tj ET Q q 0 0 0 rg BT 232.28 657.80 Td (as ) Tj ET Q q 0 0 0 rg BT 242.57 657.80 Td (of ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 252.86 657.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 308.51 657.80 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 327.51 657.80 Td ( ) Tj ET Q q 0 0 0 rg BT 329.89 657.80 Td (is ) Tj ET Q q 0 0 0 rg BT 338.60 657.80 Td (as ) Tj ET Q q 0 0 0 rg BT 348.89 657.80 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 612.30 218.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 612.30 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 612.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 612.30 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 612.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 612.30 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 612.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 612.30 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 612.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 612.30 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 612.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 612.30 66.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 612.3 m 253.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 612.3 m 300.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 612.3 m 304.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 612.3 m 352.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 612.3 m 356.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 612.3 m 403.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 612.3 m 407.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 612.3 m 454.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 612.3 m 458.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 612.3 m 505.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 612.3 m 509.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 612.3 m 575.5 612.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 599.3 m 253.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 599.3 m 300.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 599.3 m 304.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 599.3 m 352.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 599.3 m 356.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 599.3 m 403.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 599.3 m 407.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 599.3 m 454.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 599.3 m 458.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 599.3 m 505.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 599.3 m 509.5 599.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 599.3 m 575.5 599.3 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.75 616.53 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.21 616.53 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.00 616.53 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.50 616.53 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 616.53 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 616.53 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.00 616.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.05 624.53 Td (2019 and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 616.53 Td (ther) Tj ET Q q 0 0 0 rg BT 544.52 616.53 Td (eafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.50 616.53 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 603.21 Td (Newbuildings) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 282.50 603.21 Td (360) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 327.40 603.21 Td (454.4) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.30 603.21 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.30 603.21 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 492.30 603.21 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 562.30 603.21 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 565.00 Td (The ) Tj ET Q q 0 0 0 rg BT 88.54 565.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 128.83 565.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 172.80 565.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 226.30 565.00 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.15 565.00 Td (W) Tj ET Q q 0 0 0 rg BT 246.19 565.00 Td (est ) Tj ET Q q 0 0 0 rg BT 258.51 565.00 Td (Linus) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 279.64 565.00 Td (, ) Tj ET Q q 0 0 0 rg BT 283.78 565.00 Td ($360 ) Tj ET Q q 0 0 0 rg BT 304.56 565.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 336.15 565.00 Td (will ) Tj ET Q q 0 0 0 rg BT 352.71 565.00 Td (be ) Tj ET Q q 0 0 0 rg BT 363.44 565.00 Td (financed ) Tj ET Q q 0 0 0 rg BT 397.92 565.00 Td (with ) Tj ET Q q 0 0 0 rg BT 416.58 565.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.96 565.00 Td ($475 ) Tj ET Q q 0 0 0 rg BT 450.74 565.00 Td (million ) Tj ET Q q 0 0 0 rg BT 479.96 565.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 510.74 565.00 Td (term ) Tj ET Q q 0 0 0 rg BT 529.92 565.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 548.05 565.00 Td (entered ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 553.00 Td (into ) Tj ET Q q 0 0 0 rg BT 52.79 553.00 Td (by ) Tj ET Q q 0 0 0 rg BT 64.30 553.00 Td (SFL) Tj ET Q q 0 0 0 rg BT 80.32 553.00 Td ( ) Tj ET Q q 0 0 0 rg BT 82.33 553.00 Td (Linus ) Tj ET Q q 0 0 0 rg BT 105.99 553.00 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 121.19 553.00 Td (in ) Tj ET Q q 0 0 0 rg BT 130.59 553.00 Td (October ) Tj ET Q q 0 0 0 rg BT 163.20 553.00 Td (2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.59 553.00 Td (Refer ) Tj ET Q q 0 0 0 rg BT 210.92 553.00 Td (also ) Tj ET Q q 0 0 0 rg BT 229.14 553.00 Td (to ) Tj ET Q q 0 0 0 rg BT 239.04 553.00 Td (note ) Tj ET Q q 0 0 0 rg BT 258.37 553.00 Td (17 ) Tj ET Q q 0 0 0 rg BT 270.49 553.00 Td (\(Long-term ) Tj ET Q q 0 0 0 rg BT 318.70 553.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 350.26 553.00 Td (bearing ) Tj ET Q q 0 0 0 rg BT 382.36 553.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 401.69 553.00 Td (and ) Tj ET Q q 0 0 0 rg BT 418.25 553.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 449.80 553.00 Td (expenses\) ) Tj ET Q q 0 0 0 rg BT 491.35 553.00 Td (and ) Tj ET Q q 0 0 0 rg BT 507.91 553.00 Td (note ) Tj ET Q q 0 0 0 rg BT 527.24 553.00 Td (27 ) Tj ET Q q 0 0 0 rg BT 539.36 553.00 Td (\(V) Tj ET Q q 0 0 0 rg BT 548.80 553.00 Td (ariable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 541.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 68.16 541.00 Td (Entity\) ) Tj ET Q q 0 0 0 rg BT 98.11 541.00 Td (for ) Tj ET Q q 0 0 0 rg BT 111.94 541.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 154.11 541.00 Td (details ) Tj ET Q q 0 0 0 rg BT 182.39 541.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 222.88 541.00 Td (the ) Tj ET Q q 0 0 0 rg BT 237.27 541.00 Td (facility) Tj ET Q q 0 0 0 rg BT 264.94 541.00 Td (. ) Tj ET Q q 0 0 0 rg BT 269.46 541.00 Td (W) Tj ET Q q 0 0 0 rg BT 278.10 541.00 Td (e ) Tj ET Q q 0 0 0 rg BT 284.71 541.00 Td (plan ) Tj ET Q q 0 0 0 rg BT 304.10 541.00 Td (to ) Tj ET Q q 0 0 0 rg BT 314.06 541.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 345.66 541.00 Td (the ) Tj ET Q q 0 0 0 rg BT 360.05 541.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 402.77 541.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 449.36 541.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 505.97 541.00 Td (for ) Tj ET Q q 0 0 0 rg BT 519.81 541.00 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.20 541.00 Td (W) Tj ET Q q 0 0 0 rg BT 541.61 541.00 Td (est ) Tj ET Q q 0 0 0 rg BT 554.90 541.00 Td (Rigel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 576.00 541.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 529.00 Td (with ) Tj ET Q q 0 0 0 rg BT 56.49 529.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 76.97 529.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 101.91 529.00 Td (from ) Tj ET Q q 0 0 0 rg BT 124.06 529.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 170.92 529.00 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 219.19 529.00 Td (under ) Tj ET Q q 0 0 0 rg BT 244.67 529.00 Td (new ) Tj ET Q q 0 0 0 rg BT 264.04 529.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 289.52 529.00 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 329.16 529.00 Td (and ) Tj ET Q q 0 0 0 rg BT 346.31 529.00 Td (the ) Tj ET Q q 0 0 0 rg BT 361.24 529.00 Td (net ) Tj ET Q q 0 0 0 rg BT 376.17 529.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 414.42 529.00 Td (from ) Tj ET Q q 0 0 0 rg BT 436.57 529.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 477.04 529.00 Td (of) Tj ET Q q 0 0 0 rg BT 485.19 529.00 Td (fered ) Tj ET Q q 0 0 0 rg BT 508.44 529.00 Td (in ) Tj ET Q q 0 0 0 rg BT 518.93 529.00 Td (the ) Tj ET Q q 0 0 0 rg BT 533.86 529.00 Td (public ) Tj ET Q q 0 0 0 rg BT 561.57 529.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 517.00 Td (private ) Tj ET Q q 0 0 0 rg BT 66.26 517.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 85.98 517.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 115.13 517.00 Td (markets.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 36.00 469.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 469.60 Td (Leased Premises Commitments ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 446.20 Td (The ) Tj ET Q q 0 0 0 rg BT 89.15 446.20 Td (related ) Tj ET Q q 0 0 0 rg BT 117.36 446.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 155.61 446.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 176.98 446.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 231.07 446.20 Td (are ) Tj ET Q q 0 0 0 rg BT 245.04 446.20 Td (summarized ) Tj ET Q q 0 0 0 rg BT 293.85 446.20 Td (in ) Tj ET Q q 0 0 0 rg BT 303.61 446.20 Td (the ) Tj ET Q q 0 0 0 rg BT 317.59 446.20 Td (table ) Tj ET Q q 0 0 0 rg BT 338.43 446.20 Td (below: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 400.70 218.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 400.70 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 400.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 400.70 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 400.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 400.70 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 400.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 400.70 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 400.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 400.70 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 400.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 400.70 66.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 423.7 m 253.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 423.7 m 300.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 423.7 m 304.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 423.7 m 352.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 423.7 m 356.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 423.7 m 403.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 423.7 m 407.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 423.7 m 454.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 423.7 m 458.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 423.7 m 505.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 423.7 m 509.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 423.7 m 575.5 423.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 400.7 m 253.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 387.7 m 253.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 400.7 m 300.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 387.7 m 300.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 400.7 m 304.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 387.7 m 304.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 400.7 m 352.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 387.7 m 352.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 400.7 m 356.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 387.7 m 356.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 400.7 m 403.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 387.7 m 403.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 400.7 m 407.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 387.7 m 407.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 400.7 m 454.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 387.7 m 454.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 400.7 m 458.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 387.7 m 458.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 400.7 m 505.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 387.7 m 505.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 400.7 m 509.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 387.7 m 509.5 387.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 400.7 m 575.5 400.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 387.7 m 575.5 387.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.75 404.93 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.00 404.93 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.50 404.93 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 404.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 404.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.00 404.93 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.05 412.93 Td (2019 and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 404.93 Td (ther) Tj ET Q q 0 0 0 rg BT 544.52 404.93 Td (eafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.50 404.93 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 391.61 Td (Leased premises) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 284.90 391.61 Td (5.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 336.90 391.61 Td (5.2) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 387.90 391.61 Td (5.3) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 438.90 391.61 Td (5.1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.90 391.61 Td (4.6) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 559.90 391.61 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 365.40 Td (Guarantees ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 72.00 342.00 Td (The ) Tj ET Q q 0 0 0 rg BT 89.15 342.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.46 342.00 Td (has ) Tj ET Q q 0 0 0 rg BT 143.50 342.00 Td (not ) Tj ET Q q 0 0 0 rg BT 158.02 342.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 184.14 342.00 Td (any ) Tj ET Q q 0 0 0 rg BT 200.23 342.00 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 243.23 342.00 Td (in ) Tj ET Q q 0 0 0 rg BT 252.99 342.00 Td (favor ) Tj ET Q q 0 0 0 rg BT 275.41 342.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.70 342.00 Td (third ) Tj ET Q q 0 0 0 rg BT 306.02 342.00 Td (parties. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 319.25 Td (Note 27 - ) Tj ET Q q 0 0 0 rg BT 76.64 319.25 Td (V) Tj ET Q q 0 0 0 rg BT 82.94 319.25 Td (ariable Inter) Tj ET Q q 0 0 0 rg BT 136.92 319.25 Td (est Entity \(VIE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 295.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.44 295.25 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.03 295.25 Td (, the Company leased a newbuild jack-up rig from a ) Tj ET Q q 0 0 0 rg BT 349.06 295.25 Td (VIE under a finance lease. ) Tj ET Q q 0 0 0 rg BT 457.16 295.25 Td (The shares in North ) Tj ET Q q 0 0 0 rg BT 538.25 295.25 Td (Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 283.25 Td (Linus Ltd, that owned the newbuild jack-up rig, was sold by the Company to Ship Finance Ltd on June 30, 2013, while the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.10 283.25 Td (W) Tj ET Q q 0 0 0 rg BT 537.51 283.25 Td (est Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.35 283.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 271.25 Td (rig was simultaneously leased back by the Company on a bareboat charter contract for a term of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.25 271.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.25 271.25 Td ( years. ) Tj ET Q q 0 0 0 rg BT 460.67 271.25 Td (The Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.93 271.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.59 271.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 259.25 Td (options to repurchase the unit during the charter period, and Ship Finance has an option to sell the asset at the end of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.93 259.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.93 259.25 Td ( year lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 247.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 66.37 247.25 Td (The following table gives a summary of the sale and leaseback arrangement, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.52 247.25 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.11 247.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 173.75 201.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 173.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 173.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 173.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 173.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 173.75 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 173.75 61.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 173.75 m 237.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 173.75 m 292.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 173.75 m 347.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 173.75 m 402.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 173.75 m 462.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 173.75 m 515.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 173.75 m 576.5 173.75 l s BT /F2 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 39.00 193.00 15.11 -7.14 re f /GS0 gs q 0 0 0 rg BT 39.00 187.58 Td (Unit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.00 177.98 Td (Effective from) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.60 185.98 Td (Sale value \(in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.45 177.98 Td (US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.20 215.48 Td (First ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.75 205.48 Td (r) Tj ET Q q 0 0 0 rg BT 355.01 205.48 Td (epur) Tj ET Q q 0 0 0 rg BT 374.83 205.48 Td (chase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.85 195.48 Td (option ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.50 185.48 Td (\(in US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.85 175.53 Td (millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 193.98 Td (Month of first) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.00 185.98 Td (repurchase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.10 177.98 Td (option) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.05 215.48 Td (Last ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 205.48 Td (r) Tj ET Q q 0 0 0 rg BT 471.26 205.48 Td (epur) Tj ET Q q 0 0 0 rg BT 491.08 205.48 Td (chas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.40 195.48 Td (e option ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.50 185.48 Td (\(in US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.85 175.53 Td (millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.60 193.98 Td (Month of last) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 185.98 Td (repurchase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 177.98 Td (option) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 39.00 153.46 Td (W) Tj ET Q q 0 0 0 rg BT 46.41 153.46 Td (est ) Tj ET Q q 0 0 0 rg BT 60.02 153.46 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.05 153.42 Td (June 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 153.42 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 153.42 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 163.42 Td (On the 5th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 153.42 Td (anniversary*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 153.42 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 163.42 Td ( On the 15th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 153.42 Td (anniversary*) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (* ) Tj ET Q q 0 0 0 rg BT 42.95 137.25 Td (Anniversaries of the drilling contract commencement date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.25 Td (Ship Finance has a right to require North ) Tj ET Q q 0 0 0 rg BT 201.52 113.25 Td (Atlantic to purchase the rig on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.09 113.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 350.09 117.78 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 113.25 Td ( anniversary for the price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.98 113.25 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.38 113.25 Td ( if North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.25 Td (Atlantic doesn) Tj ET Q q 0 0 0 rg BT 97.19 101.25 Td (t exercise the final repurchase option. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (The Company has determined that the Ship Finance subsidiary) Tj ET Q q 0 0 0 rg BT 286.41 77.25 Td (, which owns the rig, is a variable interest entity \(VIE\), and that North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td (Atlantic is the primary beneficiary of the risks and rewards connected with the ownership of the rig and the charter contract. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 53.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 85.34 53.25 Td (, the ) Tj ET Q q 0 0 0 rg BT 104.87 53.25 Td (VIE is consolidated in our financial statements. ) Tj ET Q q 0 0 0 rg BT 296.86 53.25 Td (The Company did not record any gain or loss from the sale of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (shares, as the assets and liabilities continued to be reported at its original cost in the Company's consolidated balance sheet at the time ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 227 0 obj <>] /Rotate 0 /Contents 228 0 R>> endobj 228 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (of the transaction. ) Tj ET Q q 0 0 0 rg BT 109.87 749.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.37 749.10 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.95 749.10 Td (, the asset is reported under Newbuildings in the Company) Tj ET Q q 0 0 0 rg BT 438.13 749.10 Td (s consolidated balance sheet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (Refer also to note 24 \(Related party transactions\) for additional details about the sales and leaseback contract. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 710.70 Td (The bareboat charter rate is set on the basis of a Base LIBOR Interest Rate for the bareboat charter contract, and thereafter adjusted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 698.70 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 698.70 Td (ferences between the LIBOR fixing each month and the Base LIBOR Interest Rate for the contract. ) Tj ET Q q 0 0 0 rg BT 445.96 698.70 Td (A) Tj ET Q q 0 0 0 rg BT 452.63 698.70 Td ( summary of the bareboat ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 686.70 Td (charter rate per day is given below) Tj ET Q q 0 0 0 rg BT 173.62 686.70 Td (. ) Tj ET Q q 0 0 0 rg BT 178.44 686.70 Td (The amounts shown are based on the Base LIBOR Interest Rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 674.70 Td (\(In thousands of US$\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 635.20 189.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 635.20 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 635.20 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 635.20 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 635.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 635.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 635.20 51.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 635.2 m 225.5 635.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 635.2 m 294.5 635.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 635.2 m 376.5 635.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 635.2 m 425.5 635.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 635.2 m 475.5 635.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 635.2 m 525.5 635.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 635.2 m 576.5 635.2 l s BT /F2 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 39.00 644.85 15.11 -7.14 re f /GS0 gs q 0 0 0 rg BT 39.00 639.43 Td (Unit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.60 647.43 Td (Base LIBOR) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.80 639.43 Td (interest rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.40 655.43 Td (From delivery date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.30 647.43 Td (until commencement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.65 639.43 Td (date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.50 639.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.00 639.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.00 639.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 639.43 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 625.77 Td (W) Tj ET Q q 0 0 0 rg BT 47.64 625.77 Td (est ) Tj ET Q q 0 0 0 rg BT 61.25 625.77 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 625.77 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 625.77 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 625.77 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.50 625.77 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.50 625.77 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.00 625.77 Td (222) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 597.70 Td (The assets and liabilities in the accounts of the ) Tj ET Q q 0 0 0 rg BT 224.38 597.70 Td (VIE as at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.09 597.70 Td (December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.67 597.70 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 561.20 415.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 561.20 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 532.20 415.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 532.20 125.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 508.20 415.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 508.20 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 480.20 415.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 480.20 125.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 454.20 415.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 454.20 125.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 422.20 415.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 422.20 125.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 561.2 m 451.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 561.2 m 576.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 546.2 m 451.5 546.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 546.2 m 576.5 546.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 546.2 m 451.5 546.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 532.2 m 451.5 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 546.2 m 576.5 546.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 532.2 m 576.5 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 532.2 m 451.5 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 532.2 m 576.5 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 494.2 m 451.5 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 494.2 m 576.5 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 494.2 m 451.5 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 480.2 m 451.5 480.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 494.2 m 576.5 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 480.2 m 576.5 480.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 480.2 m 451.5 480.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 480.2 m 576.5 480.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 454.2 m 451.5 454.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 438.2 m 451.5 438.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 454.2 m 576.5 454.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 438.2 m 576.5 438.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 422.2 m 451.5 422.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 422.2 m 576.5 422.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 392.2 m 451.5 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 392.2 m 576.5 392.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.25 578.43 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.05 565.43 Td (\(In millions of US$\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.35 565.43 Td (SFL Linus Ltd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 550.87 Td (Newbuildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.50 550.87 Td (195.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 536.88 Td (T) Tj ET Q q 0 0 0 rg BT 44.75 536.88 Td (otal ) Tj ET Q q 0 0 0 rg BT 63.36 536.88 Td (assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.50 536.88 Td (195.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 512.87 Td (Non-current related party liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.50 512.87 Td (195.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 498.77 Td (Derivative instruments - payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 498.77 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 484.88 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.50 484.88 Td (197.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 458.87 Td (Accummulated Other Comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.15 458.87 Td (\(2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.00 458.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 442.88 Td (Total stockholders' equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.15 442.88 Td (\(2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 572.00 442.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 426.88 Td (Total liabilities and stockholders' equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.50 426.88 Td (195.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 396.87 Td (Book value of the unit in the Companys consolidated accounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.50 396.88 Td (162.0) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 370.25 Td (Note 28 - Non-contr) Tj ET Q q 0 0 0 rg BT 120.52 370.25 Td (olling inter) Tj ET Q q 0 0 0 rg BT 167.28 370.25 Td (est) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 347.45 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 347.45 Td (In 2013 the Company entered into a sale and leaseback arrangement for ) Tj ET Q q 0 0 0 rg BT 328.70 347.45 Td (W) Tj ET Q q 0 0 0 rg BT 336.91 347.45 Td (est Linus with Ship Finance, who incorporated subsidiary ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 336.05 Td (company for the sole purpose of owning and leasing the rig. ) Tj ET Q q 0 0 0 rg BT 266.42 336.05 Td (The Company has recognized this subsidiary company as a ) Tj ET Q q 0 0 0 rg BT 493.40 336.05 Td (VIE and concluded ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 324.65 Td (that North ) Tj ET Q q 0 0 0 rg BT 76.64 324.65 Td (Atlantic Drilling is their primary beneficiary) Tj ET Q q 0 0 0 rg BT 245.12 324.65 Td (. ) Tj ET Q q 0 0 0 rg BT 249.35 324.65 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 296.22 324.65 Td (, this subsidiary company is included in the Company`s consolidated ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 313.25 Td (accounts, with the Ship Finance equity in this company included in non-controlling interest.) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 36.00 289.85 Td (Changes in non-controlling interest in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 182.44 289.85 Td (2013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 201.44 289.85 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 206.19 289.85 Td (2012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 225.19 289.85 Td ( and ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 243.65 289.85 Td (201) Tj ET Q q 0 0 0 rg BT 257.55 289.85 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 262.30 289.85 Td ( are as follows;) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 253.35 375.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 253.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 253.35 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 253.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 226.35 375.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 226.35 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 226.35 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 226.35 80.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 253.35000000000002 m 490.5 253.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 253.35000000000002 m 495.5 253.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 253.35000000000002 m 575.5 253.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 213.35000000000002 m 410.5 213.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 200.35000000000002 m 410.5 200.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 213.35000000000002 m 490.5 213.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 200.35000000000002 m 490.5 200.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 213.35000000000002 m 495.5 213.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 200.35000000000002 m 495.5 200.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 213.35000000000002 m 575.5 213.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 200.35000000000002 m 575.5 200.35000000000002 l s BT /F2 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 38.00 263.00 92.46 -7.14 re f /GS0 gs q 0 0 0 rg BT 38.00 257.58 Td (\(In millions of U.S. dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 257.58 Td (Ship Finance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.50 257.58 Td (Total) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 243.91 Td (December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 243.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 243.92 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 230.26 Td (Changes in 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 229.97 Td (\(2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 229.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 229.92 Td (\(2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 229.92 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 217.26 Td (2013 net \(loss\)/income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 216.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 216.92 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 38.00 204.26 Td (December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 203.97 Td (\(2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 203.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 203.92 Td (\(2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.65 203.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 178.25 Td (Note 29 - Subsequent Events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 154.25 Td (On January 28, 2014, the Company of) Tj ET Q q 0 0 0 rg BT 206.57 154.25 Td (fered to exchange all of the unregistered common shares that it previously issued in its prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.25 Td (equity private placements, other than the common shares owned by af) Tj ET Q q 0 0 0 rg BT 315.45 142.25 Td (filiates of the Company) Tj ET Q q 0 0 0 rg BT 408.95 142.25 Td (, for common shares that have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.25 Td (registered under the Securities ) Tj ET Q q 0 0 0 rg BT 159.29 130.25 Td (Act of 1933. ) Tj ET Q q 0 0 0 rg BT 211.88 130.25 Td (The Company has filed a registration statement on Form F-4 \(File No. 333-185395\) to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.25 Td (register the common shares to be of) Tj ET Q q 0 0 0 rg BT 178.55 118.25 Td (fered by the Company in the exchange of) Tj ET Q q 0 0 0 rg BT 343.59 118.25 Td (fer) Tj ET Q q 0 0 0 rg BT 354.14 118.25 Td (.) Tj ET Q q 0 0 0 rg BT 358.96 118.25 Td (The settlement of the Exchange of) Tj ET Q q 0 0 0 rg BT 496.22 118.25 Td (fer commenced on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.25 Td (March 3, 2014 and 53,068,404 shares were exchanged, which represents 92% of the original shares eligible to participate in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.25 Td (exchange of) Tj ET Q q 0 0 0 rg BT 84.40 94.25 Td (fer) Tj ET Q q 0 0 0 rg BT 94.95 94.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 70.25 Td (On January 29, 2014, the Company completed its initial public of) Tj ET Q q 0 0 0 rg BT 321.00 70.25 Td (fering in the United States by issuing $125 million in new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.25 Td (shares and commenced trading on the New ) Tj ET Q q 0 0 0 rg BT 210.29 58.25 Td (Y) Tj ET Q q 0 0 0 rg BT 216.51 58.25 Td (ork Stock Exchange under the symbol "NADL". ) Tj ET Q q 0 0 0 rg BT 412.24 58.25 Td (The of) Tj ET Q q 0 0 0 rg BT 438.43 58.25 Td (fering of 13,513,514 common ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 24.60 Td (F-43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 749.10 Td (shares was priced at $9.25 per share. ) Tj ET Q q 0 0 0 rg BT 187.43 749.10 Td (The net proceeds of this public of) Tj ET Q q 0 0 0 rg BT 321.65 749.10 Td (fering are expected to be used for general corporate purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (and working capital requirements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (On January 31, 2014, the Company sold $600 million Senior Unsecured Notes in a private of) Tj ET Q q 0 0 0 rg BT 408.81 713.10 Td (fering within the United States to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (qualified institutional buyers pursuant to Rule 144A) Tj ET Q q 0 0 0 rg BT 243.75 701.10 Td ( under the Securities ) Tj ET Q q 0 0 0 rg BT 327.62 701.10 Td (Act of 1933 and to certain other persons outside of the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (States in reliance on Regulation S under the Securities ) Tj ET Q q 0 0 0 rg BT 255.12 689.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 276.87 689.10 Td (The notes bear a fixed coupon of 6.25% and are due in February 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (The net proceeds of this of) Tj ET Q q 0 0 0 rg BT 142.73 677.10 Td (fering have been used to repay the $500 million Seadrill bond, including a settlement premium of $45 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (million, of which $22.5 million is settled in cash and the remaining $22.5 million as a deemed contribution. ) Tj ET Q q 0 0 0 rg BT 471.02 665.10 Td (The remaining amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (will be used for general corporate purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 617.10 Td (On February 18, 2014, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 147.32 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.73 617.10 Td (est Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.57 617.10 Td ( was delivered from Jurong Shipyard and is currently en route to Norway on a heavy-lift vessel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (As such, the Ship Finance option to sell the acquired shares back to NADL) Tj ET Q q 0 0 0 rg BT 335.57 605.10 Td ( has now lapsed. Concurrently with the delivery of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.02 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.43 605.10 Td (est ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.23 593.10 Td (, SFL) Tj ET Q q 0 0 0 rg BT 80.09 593.10 Td ( Linus Ltd, a subsidiary of Ship Finance which we consolidate as a ) Tj ET Q q 0 0 0 rg BT 349.86 593.10 Td (VIE, has drawn down the full amount of the $475 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (million secured term loan and revolving credit facility as described in note 17. ) Tj ET Q q 0 0 0 rg BT 351.28 581.10 Td (The remaining $405 million consideration of the $600 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (million sale and leaseback transaction with Ship Finance has been paid upon delivery of the rig and the proceeds have been used to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (pay the final yard installment and general corporate purposes.) 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