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11th Annual

Norway Ship & Offshore Finance Forum

2009 – Positioning Your Business to

Capitalize on Emerging Opportunities

Oslo Concert Hall, Oslo

Thursday, June 11, 2009

We believe that 2009 will go on record as pivotal year for owners, operators and financiers of offshore oil service assets. In the robust market of the past few years, there have been many winners. In 2009, it is a different story. Cash is king, the balance sheet is the focus, and power is shifting, dramatically, to the well capitalized. The market is trending toward a world of “haves” and “have-nots,” and the longer the current climate persists, the clearer that distinction will be. For some, this represents a great opportunity, for others, not so much.

Access to capital will make the difference and for those that are successful in staying the course, the payoff will be enormous since long- term fundamentals remain strong and opportunities are emerging for consolidation. The critical questions we will address at this conference are when will the next cyclical upturn come, what sources of capital are available and at what cost, what shape the industry will assume as companies disappear as the result of mergers or liquidity issues – and which companies, lenders and investors will reap the rewards.

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