Investor Presentaiton

Ten largest contributors to IMO in 2015. Assessed contributions based on flat base rate with additional components based on ability to pay and merchant fleet tonnage. Panama £5.22m 17.33% Liberia £3.00m 9.98% Marshall Is. £2.41m 7.17% Singapore £1.83m 6.06% Bahamas £1.31m 4.35% UK £1.30m 4.29% Malta £1.29m 4.27% China ₤1.20m 3.98% Hong Kong, China ₤1.04m 3.46% Greece ₤1.01m 3.38% 4 INTERNATIONAL IM③NTERNATIONAL ORGANIZATION

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