Background
On 22 October 2010, the Company announced that it had entered into the Share Purchase
Agreement with Aker Solutions AS (“AKSO”) and Aker Oilfield Services AS (“AKOFS”, and
together with AKSO, collectively the “Sellers”), pursuant to which the Company has agreed to: (i)
acquire the AMC Shares from AKSO for a consideration of US$250 million; and (ii) acquire 50% of
the issued share capital of ACAS from AKOFS for a maximum consideration of up to approximately
US$75 million1. Please refer to Section 2.4.2 below for further details on ACAS and the Vessel.