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20 largest shareholders as at 31 December 2009: Number of shares % shareholding<br />
JCE Group AB 16 250 000 23,8%<br />
Eksportconsult AS 15 252 000 22,4%<br />
Ugrani Holdings Limi 17 Gr Xenopoulou 13 253 000 19,4%<br />
Morgan Stanley & Co Inc 4 069 733 6,0%<br />
Deutsche Bank AG Lon Prime Brokerage Full 3 523 431 5,2%<br />
Cheyne Global Catalyst 2 915 698 4,3%<br />
Trafalgar AS 2 713 600 4,0%<br />
Harmon Trading Inc 1 600 000 2,3%<br />
Havila As 1 208 000 1,8%<br />
Havila Shipping ASA 1 135 455 1,7%<br />
Wieco AS 1 018 000 1,5%<br />
Skips AS Tudor 550 000 0,8%<br />
Skarpebo Invest AB 543 000 0,8%<br />
Weico Invest AS 518 000 0,8%<br />
Fram Shipping Ltd 497 600 0,7%<br />
JPMorgena Chase Bank 464 000 0,7%<br />
Caberian Investment 399 000 0,6%<br />
Waterman Holding Inc 389 500 0,6%<br />
Patronia AS c/o Weico AS 318 000 0,5%<br />
MP Pensjon 210 000 0,3%<br />
Total 20 largest shareholders 66 828 017 98,0%<br />
Other 1 345 183 2,0%<br />
Total 68 173 200 100,0%<br />
Shares owned by the Managing Director, Christian Nygaard 79 000 0,1%<br />
Eksportconsult AS is owned by the Chairman of the Board, Mårten Rød and his family. Gian Angelo Perrucci controls 2 000 000 shares owned by<br />
Eksportconsult AS. Urgani Holdings, Harmon Trading Inc and Caberian Investment are owned by Board Member Gian Angelo Perrucci. Trafalgar AS is<br />
50% owned by Board Member and Financial Director (March–December 2009) Kristen Jakobsen.<br />
Note 18 – Other paid in capital<br />
Amounts in USD 1 000 Other paid in capital Total<br />
At 8 October 2006 (inception) 0 0<br />
At 31 December 2006 0 0<br />
Share option scheme, value of services (note 20) 841 841<br />
At 31 December 2008 841 841<br />
Other paid in capital (note 20) 0 0<br />
At 31 December 2009 841 841<br />
44 Marine Subsea <strong>Annual</strong> <strong>Report</strong> 2009
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