Shiphold Management Services Ltd.

Shiphold Management Services, Ltd. (“Shiphold”) is a private investment company actively involved in ship management, ship owning, and aviation services. With permanent capital, Shiphold adheres to a patient, disciplined, and counter-cyclical investment philosophy. Shiphold is continually evaluating opportunities to expand its group companies' service offerings, enter into new markets, and capitalize on market dislocations for the benefit of its shareholders. -- Shiphold is a controlling shareholder of the below companies. OSM Maritime Group Sector: Maritime – Services Established in 1989, OSM Maritime is a one-stop shop offering end-to-end maritime and offshore services—such as technical and crew management—to 500+ vessels worldwide as of 2020. With 12,000+ employees, operating across 30+ locations, OSM Maritime is a market leader in ship management. Aviators Group Sector: Aviation - Services Established in 2013, Aviators was the airline industry's first total crew management provider. As of 2020, Aviators and its 6,000+ employees have serviced over 10 airlines across 18 countries. The company also owns and operates three flight schools in the United States, Norway, and Sweden. Arendals Dampskibsselskab AS (“ADS”) Sector: Maritime - Asset Owning Originally established in 1857 and reactivated by its current owners in 2008, ADS has invested in 35+ vessels—including tankers, bulk carriers, and offshore vessels.