STX Europe AS is considering a listing (the "Listing") of its offshore and specialized vessels division ("OSV") on the Main Board of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Prior to the Listing, STX Europe AS will transfer ownership in the entities forming part of OSV to a wholly-owned Singapore subsidiary - STX OSV Holdings Pte. Ltd. (to be renamed STX OSV Holdings Limited) ("STX OSV"). STX OSV has received an "Eligibility to List" letter from the SGX-ST for the Listing. We will release a further announcement if and when there are any material developments in relation to the potential listing.