Number of Vessels managed by Thome: 14 Fleet: Hafnia Tankers Number of Vessels managed by Thome: 14

Introduction to Hafnia Tankers Established in 2010 Headquartered in Denmark with offices in Malta and Singapore. Company focus on ownership and chartering of tonnage in the product tanker segment. Strategic expansion plan through purchase of secondhand vessels and newbuildings Company objective to have strong business integrity foundation with high safety and quality standards Currently operating over 40 Handy, MR, and LR tankers Profit of USD6mil in Q1 2017

Vessels managed by Thome S/N VESSEL NAME VESSEL TYPE DWT MAIN ENGINE FLAG YEAR BUILT INTERNET FACILITY ONBOARD 1 Hafnia Ane Oil / Chem Tanker – IMO Type II/III Ship 49,999 MAN B&W 6S50ME – B9.3 (Tier II) Malta 2015  2 Hafnia Daisy (Ice Class) 2016 3 Hafnia Henriette 4 Hafnia Kirsten 5 Hafnia Lene 6 Hafnia Lise 7 Hafnia Lotte 8 Hafnia Mikala 2017 9 Hafnia Bering Oil / Chem Tanker – IMO Type III Ship 39,067 Hyundai B&W 6S50ME – B9.3 (Tier II) Singapore 10 Hafnia Magellan 11 Hafnia Malacca 12 Hafnia Soya 13 Hafnia Sunda 14 Hafnia Torres

Current Overall Demographic Split Rank Group Total Headcount Senior Officers 114 Junior Officers 102 Petty Officers 73 Ratings 145 Cadets 18 Total 452 Notes: Headcount includes crew onboard and on leave that are allocated to Hafnia fleet. Approximately 60/40 split. European numbers include Croatian, Montenegrian, Bulgarian, Romanian, Turkish, Western European officers. East European numbers include Ukrainian, Russian, Polish, and Latvian officers. Petty officers are Bosun, Chief Cook, Fitter, and Pumpman. Ratings and Petty Officers are all from Philippines Cadets are from Myanmar, China, Philippines, Romania, and Croatia

Current Demographic Split / Vessel Notes: Headcount includes crew onboard and on leave that are allocated to Hafnia fleet. Approximately 60/40 split. European numbers include Croatian, Montenegrian, Bulgarian, Romanian, Turkish, Western European officers. East European numbers include Ukrainian, Russian, Polish, and Latvian officers. Petty officers are Bosun, Chief Cook, Fitter, and Pumpman. Ratings and Petty Officers are all from Philippines Cadets are from Myanmar, China, Philippines, Romania, and Croatia

Objective 2 x Ice Class Vessels (Hafnia Lise and Hafnia Daisy) gradually to be manned by full Russian crew, however, existing well-performing Senior Officers will still be planned onto these vessels 12 x non-Ice Class Vessels, in the long term, to be manned by Russian officers (preferred) and Filipino ratings Pilot project to start with 4-6 vessels Preferably two cadets each vessel, or as per budget

Basic Wage Scale Rank India Europe Eastern Europe (FSU / Baltic)* Philippines Master USD 12,750 USD 13,600 USD 10,500 Chief Engineer USD 12,500 USD 13,100 USD 10,100 Chief Officer / 2nd Engineer USD 10,000 USD 12,000 USD 8,300 2nd Officer / 3rd Engineer USD 4,425 USD 5,000 USD 3,700 3rd Officer / 4th Engineer USD 3,200 USD 3,000 Electrician USD 4,825 USD 7,110 USD6,000 USD 3,900 Petty Officers USD 1,800 - USD2,000 AB / MTM USD 1,204 USD1,651 USD 1,333 OS / Wiper USD 874 USD1,259 USD 956 Note: Above mentioned wages are the Basic Entry Wages and do not include any Company / Rank / Owners seniority allowances which may be applicable. Wages are subject to changes as per Owner and/or Company’s discretion. *Wages indicated are the agreed wages for newly recruited officers and ratings from Eastern Europe for 2017. New candidates should be aware that there may be other Eastern European crew onboard with higher wages as they might have joined earlier on an older wage scale.

Average Contract Length Rank India Europe Eastern Europe (FSU / Baltic) Philippines Master 4 months Chief Engineer Chief Officer / 2nd Engineer 2nd Officer / 3rd Engineer 6 months 5 months 9 months 3rd Officer / 4th Engineer Electrician Petty Officers N/A AB / MTM OS / Wiper

Contacts in Thome Ship Management