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 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 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.