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Please ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 534.65 Td (refer to note 4 for a more detailed description.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 522.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 522.65 Td (seadrill reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.37 522.65 Td (first) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.48 522.65 Td ( quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.80 522.65 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.80 522.65 Td ( EBITDA* of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.29 522.65 Td (US$624 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.46 522.65 Td ( excluding the gain on sale for the ) Tj ET Q q 0 0 0 rg BT 470.57 522.65 Td (W) Tj ET Q q 0 0 0 rg BT 479.21 522.65 Td (est ) Tj ET Q q 0 0 0 rg BT 492.27 522.65 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 510.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 510.65 Td (seadrill reports pro forma consolidated EBITDA) Tj ET Q q 0 0 0 rg BT 272.73 510.65 Td ( of US$788 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 498.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 498.65 Td (seadrill reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.37 498.65 Td (first) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.48 498.65 Td ( quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.80 498.65 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.80 498.65 Td ( net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.78 498.65 Td (US$3,094 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.45 498.65 Td ( and earnings per share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.96 498.65 Td ($6.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.46 498.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 486.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 486.65 Td (seadrill increases the ordinary quarterly cash dividend by 2 cents to US$1.00 per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 474.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 474.65 Td (Orderbacklog of US$18.8 billion on a consolidated basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 462.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 462.65 Td (North ) Tj ET Q q 0 0 0 rg BT 102.78 462.65 Td (Atlantic Drilling completes private placement of US$600 million unsecured bond issue maturing 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 450.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 450.65 Td (North ) Tj ET Q q 0 0 0 rg BT 102.78 450.65 Td (Atlantic Drilling completes its initial public of) Tj ET Q q 0 0 0 rg BT 288.12 450.65 Td (fering of 13,513,514 common shares and began trading on January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 438.65 Td (29, 2014 on the New ) Tj ET Q q 0 0 0 rg BT 163.23 438.65 Td (Y) Tj ET Q q 0 0 0 rg BT 169.45 438.65 Td (ork Stock Exchange under the symbol "NADL".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 426.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 426.65 Td (seadrill Partners completes US$1.8 billion ) Tj ET Q q 0 0 0 rg BT 250.63 426.65 Td (T) Tj ET Q q 0 0 0 rg BT 256.04 426.65 Td (erm Loan B and US$100 million senior secured revolving loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 414.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 414.65 Td (seadrill completes placement of SEK 1.5 billion unsecured bond issue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 402.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 402.65 Td (seadrill executes contracts for four Jack-up units with Pemex in Mexico and establishes SeaMex, a 50/50 Joint ) Tj ET Q q 0 0 0 rg BT 523.33 402.65 Td (V) Tj ET Q q 0 0 0 rg BT 529.44 402.65 Td (enture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 390.65 Td (with Fintech ) Tj ET Q q 0 0 0 rg BT 129.72 390.65 Td (Advisory Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 378.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 378.65 Td (seadrill sells part of the ultra-deepwater drillship ) Tj ET Q q 0 0 0 rg BT 275.87 378.65 Td (W) Tj ET Q q 0 0 0 rg BT 284.51 378.65 Td (est ) Tj ET Q q 0 0 0 rg BT 297.56 378.65 Td (Auriga to seadrill Partners for US$1.24 billion, financed with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 366.65 Td (US$416 million equity of) Tj ET Q q 0 0 0 rg BT 179.82 366.65 Td (fering and related party loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 330.65 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 101.47 330.65 Td (events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 318.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 318.65 Td (seadrill secures contracts for the jack-up units ) Tj ET Q q 0 0 0 rg BT 264.76 318.65 Td (W) Tj ET Q q 0 0 0 rg BT 273.39 318.65 Td (est ) Tj ET Q q 0 0 0 rg BT 286.82 318.65 Td (T) Tj ET Q q 0 0 0 rg BT 292.58 318.65 Td (ucana, ) Tj ET Q q 0 0 0 rg BT 320.71 318.65 Td (W) Tj ET Q q 0 0 0 rg BT 329.35 318.65 Td (est ) Tj ET Q q 0 0 0 rg BT 342.78 318.65 Td (T) Tj ET Q q 0 0 0 rg BT 348.19 318.65 Td (elesto, ) Tj ET Q q 0 0 0 rg BT 376.33 318.65 Td (W) Tj ET Q q 0 0 0 rg BT 384.97 318.65 Td (est ) Tj ET Q q 0 0 0 rg BT 398.03 318.65 Td (Ariel, and ) Tj ET Q q 0 0 0 rg BT 440.33 318.65 Td (W) Tj ET Q q 0 0 0 rg BT 448.97 318.65 Td (est Prospero and extends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 306.65 Td (contract for the ) Tj ET Q q 0 0 0 rg BT 140.90 306.65 Td (W) Tj ET Q q 0 0 0 rg BT 149.54 306.65 Td (est Mischief. ) Tj ET Q q 0 0 0 rg BT 206.01 306.65 Td (The total revenue potential for the new contracts is approximately US$433 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 294.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 294.65 Td (seadrill sells 230 million shares of SapuraKencana raising approximately US$300 million in proceeds. seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 282.65 Td (continues to own approximately 490 million shares, representing an approximate 8% ownership stake in SapuraKencana.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 270.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 270.65 Td (North ) Tj ET Q q 0 0 0 rg BT 102.78 270.65 Td (Atlantic Drilling announces extensive Investment and Co-operation ) Tj ET Q q 0 0 0 rg BT 375.21 270.65 Td (Agreement with Rosneft to partner in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 258.65 Td (Russian market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.65 Td (* ) Tj ET Q q 0 0 0 rg BT 57.51 210.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 93.62 210.65 Td ( ) Tj ET Q q 0 0 0 rg BT 96.64 210.65 Td (is ) Tj ET Q q 0 0 0 rg BT 106.32 210.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 139.32 210.65 Td (as ) Tj ET Q q 0 0 0 rg BT 150.66 210.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 187.56 210.65 Td (before ) Tj ET Q q 0 0 0 rg BT 216.11 210.65 Td (interest, ) Tj ET Q q 0 0 0 rg BT 251.05 210.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 303.49 210.65 Td (and ) Tj ET Q q 0 0 0 rg BT 320.94 210.65 Td (amortization ) Tj ET Q q 0 0 0 rg BT 374.49 210.65 Td (equal ) Tj ET Q q 0 0 0 rg BT 399.16 210.65 Td (to ) Tj ET Q q 0 0 0 rg BT 409.95 210.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 450.73 210.65 Td (profit ) Tj ET Q q 0 0 0 rg BT 475.96 210.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 495.65 210.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 548.08 210.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.65 Td (amortization.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.06 634.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 114.85 634.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.08 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.87 634.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 171.76 634.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.89 634.25 Td (US$890 ) Tj ET Q q 0 0 0 rg BT 223.25 634.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.14 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 253.71 634.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 294.71 634.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.06 634.25 Td (US$568 ) Tj ET Q q 0 0 0 rg BT 338.42 634.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.31 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.88 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.23 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.03 634.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 433.02 634.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 460.79 634.25 Td (.) Tj ET Q q 0 0 0 rg BT 465.61 634.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.73 634.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.48 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 517.05 634.25 Td (is ) Tj ET Q q 0 0 0 rg BT 525.30 634.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.93 622.25 Td (result ) Tj ET Q q 0 0 0 rg BT 82.14 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.46 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.67 622.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 128.87 622.25 Td (on ) Tj ET Q q 0 0 0 rg BT 141.86 622.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 160.40 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 175.05 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.04 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 198.68 622.25 Td (est ) Tj ET Q q 0 0 0 rg BT 212.12 622.25 Td (Auriga ) Tj ET Q q 0 0 0 rg BT 242.88 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.31 622.25 Td (new ) Tj ET Q q 0 0 0 rg BT 279.96 622.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 297.95 622.25 Td (entering ) Tj ET Q q 0 0 0 rg BT 333.70 622.25 Td (service. ) Tj ET Q q 0 0 0 rg BT 367.51 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.50 622.25 Td (On ) Tj ET Q q 0 0 0 rg BT 385.71 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 393.14 622.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 446.68 622.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 469.67 622.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 510.42 622.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 535.63 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 550.28 622.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.32 610.25 Td (was ) Tj ET Q q 0 0 0 rg BT 98.37 610.25 Td (US$574 ) Tj ET Q q 0 0 0 rg BT 133.65 610.25 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.02 586.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.09 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.61 586.25 Td (other ) Tj ET Q q 0 0 0 rg BT 146.24 586.25 Td (items ) Tj ET Q q 0 0 0 rg BT 170.99 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.73 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.03 586.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 232.43 586.25 Td (showed ) Tj ET Q q 0 0 0 rg BT 266.06 586.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.59 586.25 Td (gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.80 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.89 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.30 586.25 Td (US$2,239 ) Tj ET Q q 0 0 0 rg BT 348.67 586.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.56 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.64 586.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 423.15 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.01 586.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.53 586.25 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.10 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.18 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.59 586.25 Td (US$286 ) Tj ET Q q 0 0 0 rg BT 507.46 586.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.35 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 539.43 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 586.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 85.73 574.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 113.49 574.25 Td (. ) Tj ET Q q 0 0 0 rg BT 117.65 574.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.99 574.25 Td (gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.20 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.99 574.25 Td (is ) Tj ET Q q 0 0 0 rg BT 162.45 574.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 201.45 574.25 Td (related ) Tj ET Q q 0 0 0 rg BT 230.44 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.01 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.01 574.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 273.02 574.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 318.67 574.25 Td (with ) Tj ET Q q 0 0 0 rg BT 338.24 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.24 574.25 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 417.35 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.47 574.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 460.36 574.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 497.42 574.25 Td (income ) Tj ET Q q 0 0 0 rg BT 528.64 574.25 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 562.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 105.04 562.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 140.31 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.14 562.25 Td (US$39 ) Tj ET Q q 0 0 0 rg BT 181.42 562.25 Td (million ) Tj ET Q q 0 0 0 rg BT 212.82 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.75 562.25 Td (from ) Tj ET Q q 0 0 0 rg BT 251.14 562.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 281.40 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.23 562.25 Td (US$5 ) Tj ET Q q 0 0 0 rg BT 317.51 562.25 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.99 538.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 105.03 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 119.19 538.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.91 538.25 Td (first) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.02 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.52 538.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 183.33 538.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.26 538.25 Td (US$35 ) Tj ET Q q 0 0 0 rg BT 235.54 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.44 538.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.44 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 281.38 538.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.13 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.63 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.46 538.25 Td (US$34 ) Tj ET Q q 0 0 0 rg BT 357.74 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.63 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 389.13 538.25 Td (from ) Tj ET Q q 0 0 0 rg BT 411.07 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.79 538.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 462.73 538.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 490.49 538.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.62 514.25 Td (income ) Tj ET Q q 0 0 0 rg BT 96.73 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 110.06 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.96 514.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 153.95 514.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.18 514.25 Td (US$3,094 ) Tj ET Q q 0 0 0 rg BT 213.14 514.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.03 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.71 514.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 294.81 514.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 317.03 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.15 514.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 362.60 514.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 398.15 514.25 Td (per ) Tj ET Q q 0 0 0 rg BT 412.60 514.25 Td (share ) Tj ET Q q 0 0 0 rg BT 435.38 514.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.38 514.25 Td ($6.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.88 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.56 514.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.68 514.25 Td ($6.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.18 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 512.35 514.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.02 514.25 Td (. ) Tj ET Q q 0 0 0 rg BT 565.02 514.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (Balance sheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.11 478.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.94 478.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 117.54 478.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.54 478.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.54 478.25 Td (total ) Tj ET Q q 0 0 0 rg BT 162.82 478.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.65 478.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.57 478.25 Td (US$27,491 ) Tj ET Q q 0 0 0 rg BT 258.36 478.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.25 478.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.25 478.25 Td (an ) Tj ET Q q 0 0 0 rg BT 304.19 478.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.94 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.44 478.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.27 478.25 Td (US$1,191 ) Tj ET Q q 0 0 0 rg BT 393.05 478.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.95 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.45 478.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 466.37 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.65 478.25 Td (December ) Tj ET Q q 0 0 0 rg BT 520.23 478.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 535.23 478.25 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 454.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.45 454.25 Td (current ) Tj ET Q q 0 0 0 rg BT 103.31 454.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.19 454.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.94 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.49 454.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.81 454.25 Td (US$4,031 ) Tj ET Q q 0 0 0 rg BT 222.64 454.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.54 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 254.08 454.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.07 454.25 Td (US$2,834 ) Tj ET Q q 0 0 0 rg BT 318.90 454.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.79 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 350.33 454.25 Td (over ) Tj ET Q q 0 0 0 rg BT 370.65 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.41 454.25 Td (course ) Tj ET Q q 0 0 0 rg BT 414.06 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.93 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.70 454.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 467.61 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 472.66 454.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 512.42 454.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 540.51 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 553.06 454.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.75 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.03 442.25 Td (related ) Tj ET Q q 0 0 0 rg BT 124.73 442.25 Td (party ) Tj ET Q q 0 0 0 rg BT 147.78 442.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 195.25 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.19 442.25 Td (marketable ) Tj ET Q q 0 0 0 rg BT 259.11 442.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 299.37 442.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 336.87 442.25 Td (from ) Tj ET Q q 0 0 0 rg BT 358.81 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.52 442.25 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 439.34 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.17 442.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 483.78 442.25 Td (Partners.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 418.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 74.21 418.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 125.15 418.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.78 418.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.20 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.50 418.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.57 418.25 Td (US$23,460 ) Tj ET Q q 0 0 0 rg BT 258.16 418.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.05 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.35 418.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.09 418.25 Td (US$23,466 ) Tj ET Q q 0 0 0 rg BT 364.67 418.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.56 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.86 418.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.38 418.25 Td (due ) Tj ET Q q 0 0 0 rg BT 458.12 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.19 418.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 506.70 418.25 Td (related ) Tj ET Q q 0 0 0 rg BT 538.20 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 418.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 115.57 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.64 406.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 160.49 406.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 196.00 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.53 406.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 253.16 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.68 406.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 307.52 406.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 355.53 406.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 404.92 406.25 Td (related ) Tj ET Q q 0 0 0 rg BT 434.87 406.25 Td (party ) Tj ET Q q 0 0 0 rg BT 458.16 406.25 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 508.38 406.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 540.57 406.25 Td (units, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 394.25 Td (newbuilds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 370.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 73.09 370.25 Td (current ) Tj ET Q q 0 0 0 rg BT 104.59 370.25 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.99 370.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.75 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 185.93 370.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.90 370.25 Td (US$4,394 ) Tj ET Q q 0 0 0 rg BT 240.36 370.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.25 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 272.44 370.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.06 370.25 Td (US$3,825 ) Tj ET Q q 0 0 0 rg BT 338.53 370.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.42 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.61 370.25 Td (lar) Tj ET Q q 0 0 0 rg BT 380.97 370.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 401.38 370.25 Td (due ) Tj ET Q q 0 0 0 rg BT 419.00 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.96 370.25 Td (an ) Tj ET Q q 0 0 0 rg BT 442.59 370.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 478.53 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 489.49 370.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 534.33 370.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.73 370.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.20 358.25 Td (party) Tj ET Q q 0 0 0 rg BT 99.10 358.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 94.59 334.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 126.35 334.25 Td (bearing ) Tj ET Q q 0 0 0 rg BT 158.66 334.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.20 334.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.61 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.93 334.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.04 334.25 Td (US$10,728 ) Tj ET Q q 0 0 0 rg BT 277.64 334.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.54 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.86 334.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.62 334.25 Td (US$1) Tj ET Q q 0 0 0 rg BT 353.04 334.25 Td (1,900 ) Tj ET Q q 0 0 0 rg BT 377.86 334.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.75 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.08 334.25 Td (over ) Tj ET Q q 0 0 0 rg BT 429.17 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.71 334.25 Td (course ) Tj ET Q q 0 0 0 rg BT 472.13 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.79 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.33 334.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 527.97 334.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.73 334.25 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (net ) Tj ET Q q 0 0 0 rg BT 66.09 322.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.90 322.25 Td (bearing ) Tj ET Q q 0 0 0 rg BT 134.25 322.25 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.47 322.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.84 322.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.26 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.63 322.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.78 322.25 Td (US$12,449 ) Tj ET Q q 0 0 0 rg BT 261.44 322.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.33 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.70 322.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.51 322.25 Td (US$13,874 ) Tj ET Q q 0 0 0 rg BT 368.17 322.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.06 322.25 Td (. ) Tj ET Q q 0 0 0 rg BT 403.93 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.99 322.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.91 322.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.32 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 466.69 322.25 Td (is ) Tj ET Q q 0 0 0 rg BT 477.74 322.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 519.32 322.25 Td (due ) Tj ET Q q 0 0 0 rg BT 538.13 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 322.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 115.32 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.15 310.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 159.75 310.25 Td (Partners. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 286.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.05 286.25 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.19 286.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.94 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.09 286.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.01 286.25 Td (US$10,673 ) Tj ET Q q 0 0 0 rg BT 196.44 286.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.33 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 227.48 286.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.06 286.25 Td (US$8,202 ) Tj ET Q q 0 0 0 rg BT 291.49 286.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.38 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.53 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 333.00 286.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.48 286.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 386.72 286.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.72 286.25 Td (, ) Tj ET Q q 0 0 0 rg BT 411.36 286.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 450.72 286.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 478.41 286.25 Td (by ) Tj ET Q q 0 0 0 rg BT 490.56 286.25 Td (net ) Tj ET Q q 0 0 0 rg BT 504.92 286.25 Td (income ) Tj ET Q q 0 0 0 rg BT 536.50 286.25 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 286.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.45 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.52 274.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 135.69 274.25 Td (from ) Tj ET Q q 0 0 0 rg BT 157.76 274.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 191.49 274.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 226.89 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.96 274.25 Td (NADL) Tj ET Q q 0 0 0 rg BT 271.37 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 274.00 274.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 301.62 274.25 Td (of) Tj ET Q q 0 0 0 rg BT 309.77 274.25 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 342.67 274.25 Td (of) Tj ET Q q 0 0 0 rg BT 350.82 274.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 367.89 274.25 Td (by ) Tj ET Q q 0 0 0 rg BT 380.53 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 387.60 274.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 452.98 274.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 471.17 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 483.80 274.25 Td (our ) Tj ET Q q 0 0 0 rg BT 499.76 274.25 Td (SapuraKencana ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 262.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 100.04 262.25 Td (Partner ) Tj ET Q q 0 0 0 rg BT 131.42 262.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 184.19 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.13 262.25 Td (by ) Tj ET Q q 0 0 0 rg BT 213.63 262.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 255.02 262.25 Td (paid.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.56 238.25 Td (flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.97 226.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.66 226.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 117.11 226.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.11 226.25 Td (, ) Tj ET Q q 0 0 0 rg BT 141.97 226.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 162.10 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.89 226.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 199.02 226.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 246.92 226.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.71 226.25 Td (US$912 ) Tj ET Q q 0 0 0 rg BT 303.85 226.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.74 226.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.59 226.25 Td (an ) Tj ET Q q 0 0 0 rg BT 349.39 226.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.14 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.50 226.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.19 226.25 Td (US$168 ) Tj ET Q q 0 0 0 rg BT 430.33 226.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.22 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.58 226.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 503.36 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.50 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.07 226.25 Td (previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 77.26 214.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.54 190.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 86.91 190.25 Td (from ) Tj ET Q q 0 0 0 rg BT 108.95 190.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 149.32 190.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 188.02 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.28 190.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.10 190.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.08 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.68 190.25 Td (month ) Tj ET Q q 0 0 0 rg BT 267.84 190.25 Td (period ) Tj ET Q q 0 0 0 rg BT 295.99 190.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.47 190.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 366.17 190.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.17 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.77 190.25 Td (was ) Tj ET Q q 0 0 0 rg BT 406.92 190.25 Td (US$656 ) Tj ET Q q 0 0 0 rg BT 442.31 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.35 190.25 Td (net ) Tj ET Q q 0 0 0 rg BT 474.17 190.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 494.54 190.25 Td (used ) Tj ET Q q 0 0 0 rg BT 515.47 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.85 190.25 Td (investing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.10 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 102.26 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.98 178.25 Td (same ) Tj ET Q q 0 0 0 rg BT 140.02 178.25 Td (period ) Tj ET Q q 0 0 0 rg BT 168.07 178.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.12 178.25 Td (US$968 ) Tj ET Q q 0 0 0 rg BT 221.40 178.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 178.25 Td (.Net ) Tj ET Q q 0 0 0 rg BT 274.73 178.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 295.00 178.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 333.05 178.25 Td (by ) Tj ET Q q 0 0 0 rg BT 345.55 178.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 385.81 178.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 424.41 178.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.46 178.25 Td (US$1,456 ) Tj ET Q q 0 0 0 rg BT 485.25 178.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.14 178.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 101.45 154.25 Td (shar) Tj ET Q q 0 0 0 rg BT 118.86 154.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.48 142.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.68 142.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 118.64 142.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.64 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.51 142.25 Td (common ) Tj ET Q q 0 0 0 rg BT 179.37 142.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 207.22 142.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 256.76 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.40 142.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 301.37 142.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 335.90 142.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.97 142.25 Td (469,1) Tj ET Q q 0 0 0 rg BT 388.10 142.25 Td (15,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.60 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.47 142.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 454.66 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 469.19 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.38 142.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 518.81 142.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 142.25 Td (135,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 142.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 83.94 130.25 Td (shares.) Tj ET Q q 0 0 0 rg BT 115.88 130.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 165.78 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 170.51 130.25 Td (we ) Tj ET Q q 0 0 0 rg BT 184.40 130.25 Td (had ) Tj ET Q q 0 0 0 rg BT 201.07 130.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 224.41 130.25 Td (options ) Tj ET Q q 0 0 0 rg BT 256.09 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.98 130.25 Td (3.4 ) Tj ET Q q 0 0 0 rg BT 284.71 130.25 Td (million ) Tj ET Q q 0 0 0 rg BT 315.84 130.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 343.06 130.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 391.96 130.25 Td (under ) Tj ET Q q 0 0 0 rg BT 416.96 130.25 Td (various ) Tj ET Q q 0 0 0 rg BT 448.63 130.25 Td (share ) Tj ET Q q 0 0 0 rg BT 471.96 130.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 510.84 130.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 550.84 130.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 106.20 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.63 118.25 Td (which ) Tj ET Q q 0 0 0 rg BT 145.18 118.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 206.05 118.25 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 221.66 118.25 Td (million ) Tj ET Q q 0 0 0 rg BT 253.66 118.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.97 118.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 297.63 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.17 118.25 Td (exercisable.) Tj ET Q q 0 0 0 rg BT 367.46 118.25 Td (The ) Tj ET Q q 0 0 0 rg BT 386.12 118.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 428.11 118.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 467.31 118.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 492.09 118.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.41 118.25 Td (TRS ) Tj ET Q q 0 0 0 rg BT 520.86 118.25 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.59 106.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 110.00 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.09 106.25 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 136.90 106.25 Td (million ) Tj ET Q q 0 0 0 rg BT 169.10 106.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 197.40 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.49 106.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 242.90 106.25 Td (which ) Tj ET Q q 0 0 0 rg BT 270.65 106.25 Td (matures ) Tj ET Q q 0 0 0 rg BT 305.62 106.25 Td (on ) Tj ET Q q 0 0 0 rg BT 318.93 106.25 Td (June ) Tj ET Q q 0 0 0 rg BT 340.57 106.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 351.38 106.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 377.19 106.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.28 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.03 106.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 445.99 106.25 Td (average ) Tj ET Q q 0 0 0 rg BT 480.39 106.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 505.92 106.25 Td (price ) Tj ET Q q 0 0 0 rg BT 529.21 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.85 106.25 Td (NOK ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (218.3296 ) Tj ET Q q 0 0 0 rg BT 89.50 94.25 Td (per ) Tj ET Q q 0 0 0 rg BT 104.77 94.25 Td (share.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Offshor) Tj ET Q q 0 0 0 rg BT 80.19 730.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.13 730.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 119.63 730.25 Td (units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.41 718.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.71 718.25 Td (first) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.81 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.89 718.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 140.81 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 145.39 718.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 178.57 718.25 Td (had ) Tj ET Q q 0 0 0 rg BT 195.09 718.25 Td (17 ) Tj ET Q q 0 0 0 rg BT 207.17 718.25 Td (floaters ) Tj ET Q q 0 0 0 rg BT 239.23 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.75 718.25 Td (24 ) Tj ET Q q 0 0 0 rg BT 267.83 718.25 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 299.89 718.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 316.97 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 326.83 718.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 366.67 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.53 718.25 Td (Northern ) Tj ET Q q 0 0 0 rg BT 414.71 718.25 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 448.16 718.25 Td (US ) Tj ET Q q 0 0 0 rg BT 463.02 718.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 483.43 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.84 718.25 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 528.97 718.25 Td (Mexico, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (South ) Tj ET Q q 0 0 0 rg BT 75.80 706.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 115.89 706.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 151.30 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 159.94 706.25 Td (est ) Tj ET Q q 0 0 0 rg BT 173.51 706.25 Td (Africa, ) Tj ET Q q 0 0 0 rg BT 204.71 706.25 Td (Middle ) Tj ET Q q 0 0 0 rg BT 236.76 706.25 Td (East ) Tj ET Q q 0 0 0 rg BT 257.14 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.74 706.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 316.08 706.25 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 340.08 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.54 706.25 Td (Additionally ) Tj ET Q q 0 0 0 rg BT 396.25 706.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 430.52 706.25 Td (manages ) Tj ET Q q 0 0 0 rg BT 468.66 706.25 Td (9 ) Tj ET Q q 0 0 0 rg BT 476.82 706.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 511.09 706.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 547.02 706.25 Td (rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 94.16 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.99 694.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 112.49 694.25 Td (floaters ) Tj ET Q q 0 0 0 rg BT 144.97 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.91 694.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 169.41 694.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 196.89 694.25 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 216.89 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.39 694.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 253.00 694.25 Td (also ) Tj ET Q q 0 0 0 rg BT 271.61 694.25 Td (manages ) Tj ET Q q 0 0 0 rg BT 309.09 694.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 316.59 694.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 344.08 694.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 361.58 694.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 390.74 694.25 Td (by ) Tj ET Q q 0 0 0 rg BT 403.24 694.25 Td (SapuraKencana.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (The Board is disappointed with the operational uptime in the first quarter) Tj ET Q q 0 0 0 rg BT 341.88 670.25 Td (. Our floaters \(drillships and semi-submersible rigs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (achieved an economic utilization rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.71 658.25 Td (91%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.04 658.25 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.53 658.25 Td (first) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.64 658.25 Td ( quarter compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.16 658.25 Td (94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.49 658.25 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.98 658.25 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.42 658.25 Td ( quarter) Tj ET Q q 0 0 0 rg BT 460.68 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 468.00 658.25 Td (The main issues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 646.25 Td (fecting our first quarter performance were related to a BOP) Tj ET Q q 0 0 0 rg BT 294.06 646.25 Td ( trip on ) Tj ET Q q 0 0 0 rg BT 325.26 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 333.90 646.25 Td (est Pegasus, upgrade work on the ) Tj ET Q q 0 0 0 rg BT 469.53 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 478.16 646.25 Td (est ) Tj ET Q q 0 0 0 rg BT 491.22 646.25 Td (Alpha and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (operational issues on the ) Tj ET Q q 0 0 0 rg BT 150.91 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 159.55 634.25 Td (est Phoenix. ) Tj ET Q q 0 0 0 rg BT 213.25 634.25 Td (The remaining rigs in seadrill Limited ran with a utilization of 95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (The economic utilization on a pro forma consolidated basis was 88% and was negatively impacted by the ) Tj ET Q q 0 0 0 rg BT 473.86 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 482.50 610.25 Td (est ) Tj ET Q q 0 0 0 rg BT 495.56 610.25 Td (Aquarius which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (had an uptime of 33% due to mooring equipment failures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 574.25 Td (verage ) Tj ET Q q 0 0 0 rg BT 85.63 574.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 127.00 574.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 170.04 574.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.10 574.25 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.43 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.93 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 223.09 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 238.92 574.25 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 271.40 574.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 288.90 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.18 574.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 574.25 Td (first) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 332.50 574.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 363.32 574.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 405.24 574.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.52 574.25 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.85 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.35 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 446.63 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.35 574.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 503.27 574.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 531.04 574.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.64 550.25 Td (able ) Tj ET Q q 0 0 0 rg BT 74.36 550.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 89.36 550.25 Td (Contract ) Tj ET Q q 0 0 0 rg BT 127.42 550.25 Td (status ) Tj ET Q q 0 0 0 rg BT 153.26 550.25 Td (offshor) Tj ET Q q 0 0 0 rg BT 181.23 550.25 Td (e ) Tj ET Q q 0 0 0 rg BT 188.16 550.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 220.67 550.25 Td (units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.75 133.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 527.75 122.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 527.75 157.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 527.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 527.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 489.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 489.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 489.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 489.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 461.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 461.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 461.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 461.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 461.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 433.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 433.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 433.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 433.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 433.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 405.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 405.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 405.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 405.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 405.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 377.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 377.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 377.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 377.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 377.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 349.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 349.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 349.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 349.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 349.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 321.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 321.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 321.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 321.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 321.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 293.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 293.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 293.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 293.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 293.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 265.75 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 265.75 122.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 265.75 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 265.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 265.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 236.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 236.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 236.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 236.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 236.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 208.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 208.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 208.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 208.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 208.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 180.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 180.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 180.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 180.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 180.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 152.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 152.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 152.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 152.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 152.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 124.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 124.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 124.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 124.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 124.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 96.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 96.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 96.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 96.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 96.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 68.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 68.75 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 68.75 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 68.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 68.75 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 504.75 m 183.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 504.75 m 305.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 504.75 m 462.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 504.75 m 512.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 504.75 m 562.5 504.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 519.15 Td (Unit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 186.00 519.15 Td (Current client) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.00 519.15 Td (Area of location) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 519.15 Td (Contract) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 510.15 Td (start) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.00 519.15 Td (Contract) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.00 510.15 Td (expiry) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 481.15 Td (Semi-submersible rigs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 467.01 Td (West Alpha **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 467.01 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 467.01 Td (Norway, Russia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 467.01 Td (Jan-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 467.01 Td (Jul-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 453.01 Td (West Venture **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 453.01 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 453.01 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 453.01 Td (Aug-10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 453.01 Td (Jul-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 439.01 Td (West Phoenix **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 439.01 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 439.01 Td (UK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 439.01 Td (Jan-12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 439.01 Td (Oct-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 425.01 Td (West Hercules **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 425.01 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 425.01 Td (Faroe Islands) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 425.01 Td (Jan-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 425.01 Td (Jan-17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 411.01 Td (West Eminence) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 411.01 Td (Petrobras) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 411.01 Td (Brazil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 411.01 Td (Jul-09) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 411.01 Td (Jul-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 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0.9333333333333333 1 rg /GS0 gs 512.50 330.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 302.50 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 302.50 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 302.50 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 302.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 302.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 274.50 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 274.50 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 274.50 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 274.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 274.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.50 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 246.50 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 246.50 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 246.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 246.50 50.00 -14.00 re f /GS0 gs BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 723.90 Td (HE Jack-up rigs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 709.76 Td (West Epsilon **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 709.76 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 709.76 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 709.76 Td (Dec-10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 709.76 Td (Dec-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 695.76 Td (West Elara **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 695.76 Td (Statoil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 695.76 Td (Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 695.76 Td (Mar-12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 695.76 Td (Mar-17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 681.76 Td (West Linus **) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 681.76 Td (ConocoPhillips) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 681.76 Td (Singapore - Jurong Shipyard / Norway) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 681.76 Td (May-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 681.76 Td (May-19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 652.90 Td (BE Jack-up rigs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 638.76 Td (West Defender) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 638.76 Td (PEMEX) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 638.76 Td (In Transit, Mexico) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 638.76 Td (Jun-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 638.76 Td (Jun-20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 624.76 Td (West Resolute) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 624.76 Td (KJO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 624.76 Td (Saudi Arabia, Kuwait) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 624.76 Td (Oct-12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 624.76 Td (Oct-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 610.76 Td (West Prospero) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 610.76 Td (Lundin) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 610.76 Td (Malaysia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 610.76 Td (May-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 610.76 Td (May-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 596.76 Td (West Courageous) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 596.76 Td (PEMEX) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 596.76 Td (In Transit, Mexico) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 596.76 Td (Jul-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 596.76 Td (May-21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 582.76 Td (West Triton) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 582.76 Td (KJO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 582.76 Td (Saudi Arabia, Kuwait) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 582.76 Td (Aug-12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 582.76 Td (Aug-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 568.76 Td (West Vigilant) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 568.76 Td (Talisman) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 568.76 Td (Malaysia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 568.76 Td (Nov-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 568.76 Td (Nov-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 554.76 Td (West Intrepid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 554.76 Td (PEMEX) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 554.76 Td (In Transit, Mexico) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 554.76 Td (Jun-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 554.76 Td (Jan-21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 540.76 Td (West Ariel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 540.76 Td (ENI) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 540.76 Td (In Transit, Republic of Congo) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 540.76 Td (Aug-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 540.76 Td (Aug-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 526.76 Td (West Cressida) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 526.76 Td (PTTEP) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 526.76 Td (Thailand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 526.76 Td (Nov-10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 526.76 Td (Aug-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 512.76 Td (West Freedom) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 512.76 Td (Repsol, Cardon IV) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 512.76 Td (Trinidad & Tobago, Venezuela) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 512.76 Td (Feb-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 512.76 Td (Dec-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 498.76 Td (West Callisto) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 498.76 Td (Saudi Aramco) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 498.76 Td (Saudi Arabia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 498.76 Td (Nov-12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 498.76 Td (Nov-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 484.76 Td (West Leda) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 484.76 Td (ExxonMobil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 484.76 Td (Malaysia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 484.76 Td (Mar-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 484.76 Td (Mar-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 470.76 Td (West Mischief) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 470.76 Td (ENI) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 470.76 Td (Republic of Congo) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 470.76 Td (Dec-12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 470.76 Td (Apr-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 456.76 Td (AOD-1 ***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 456.76 Td (Saudi Aramco) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 456.76 Td (Saudia Arabia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 456.76 Td (May-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 456.76 Td (May-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 442.76 Td (AOD-2 ***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 442.76 Td (Saudi Aramco) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 442.76 Td (Saudia Arabia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 442.76 Td (Jul-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 442.76 Td (Jun-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 428.76 Td (AOD-3 ***) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 428.76 Td (Saudi Aramco) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 428.76 Td (Saudia Arabia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 428.76 Td (Oct-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 428.76 Td (Oct-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 414.76 Td (West Tucana) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 414.76 Td (PVEP, Cabina Gulf Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 405.76 Td (Company Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 414.76 Td (Vietnam, Angola) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 414.76 Td (Mar-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 414.76 Td (Nov-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 391.76 Td (West Telesto) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 391.76 Td (Premier, Origin Energy Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 391.76 Td (Vietnam, Australia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 391.76 Td (Dec-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 391.76 Td (Mar-15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 377.76 Td (West Castor) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 377.76 Td (Shell) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 377.76 Td (Brunei) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 377.76 Td (Dec-13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 377.76 Td (May-16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 363.76 Td (West Oberon) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 363.76 Td (PEMEX) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 363.76 Td (Mexico) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 363.76 Td (May-14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 363.76 Td (May-20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 349.76 Td (West Titania) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 349.76 Td (In Transit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 349.76 Td (In Transit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 335.76 Td (West Titan \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 335.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 335.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 335.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 335.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 321.76 Td (West Proteus \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 321.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 307.76 Td (West Rhea \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 307.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 307.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 307.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 307.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 293.76 Td (West Tethys \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 293.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 279.76 Td (West Hyperion \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 279.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 279.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 279.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 279.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 265.76 Td (West Umbriel \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 265.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 251.76 Td (West Dione \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 251.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 251.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 251.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 251.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 237.76 Td (West Mimas \(NB*\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.00 237.76 Td (China - Dalian Shipyard) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 213.07 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 213.07 Td (Newbuild ) Tj ET Q q 0 0 0 rg BT 129.94 213.07 Td (under ) Tj ET Q q 0 0 0 rg BT 155.21 213.07 Td (construction ) Tj ET Q q 0 0 0 rg BT 207.14 213.07 Td (or ) Tj ET Q q 0 0 0 rg BT 217.97 213.07 Td (in ) Tj ET Q q 0 0 0 rg BT 228.25 213.07 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 281.30 213.07 Td (to ) Tj ET Q q 0 0 0 rg BT 291.57 213.07 Td (its ) Tj ET Q q 0 0 0 rg BT 303.52 213.07 Td (first ) Tj ET Q q 0 0 0 rg BT 322.13 213.07 Td (drilling ) Tj ET Q q 0 0 0 rg BT 354.07 213.07 Td (assignment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 199.07 Td (**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 199.07 Td (Owned ) Tj ET Q q 0 0 0 rg BT 119.38 199.07 Td (North ) Tj ET Q q 0 0 0 rg BT 144.94 199.07 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 179.37 199.07 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 213.54 199.07 Td (in ) Tj ET Q q 0 0 0 rg BT 223.82 199.07 Td (which ) Tj ET Q q 0 0 0 rg BT 250.75 199.07 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 284.36 199.07 Td (owns ) Tj ET Q q 0 0 0 rg BT 307.97 199.07 Td (70 ) Tj ET Q q 0 0 0 rg BT 320.47 199.07 Td (percent ) Tj ET Q q 0 0 0 rg BT 352.39 199.07 Td (of ) Tj ET Q q 0 0 0 rg BT 363.22 199.07 Td (the ) Tj ET Q q 0 0 0 rg BT 377.94 199.07 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 427.11 199.07 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 185.07 Td (***) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 185.07 Td (Owned ) Tj ET Q q 0 0 0 rg BT 119.38 185.07 Td (by ) Tj ET Q q 0 0 0 rg BT 131.61 185.07 Td (Asia ) Tj ET Q q 0 0 0 rg BT 152.16 185.07 Td (Of) Tj ET Q q 0 0 0 rg BT 162.62 185.07 Td (fshore ) Tj ET Q q 0 0 0 rg BT 190.02 185.07 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 224.19 185.07 Td (in ) Tj ET Q q 0 0 0 rg BT 234.46 185.07 Td (which ) Tj ET Q q 0 0 0 rg BT 261.40 185.07 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 295.01 185.07 Td (owns ) Tj ET Q q 0 0 0 rg BT 318.62 185.07 Td (66 ) Tj ET Q q 0 0 0 rg BT 331.12 185.07 Td (percent ) Tj ET Q q 0 0 0 rg BT 363.04 185.07 Td (of ) Tj ET Q q 0 0 0 rg BT 373.87 185.07 Td (the ) Tj ET Q q 0 0 0 rg BT 388.59 185.07 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 437.76 185.07 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 171.07 Td (****) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 171.07 Td (Owned ) Tj ET Q q 0 0 0 rg BT 119.38 171.07 Td (by ) Tj ET Q q 0 0 0 rg BT 131.88 171.07 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 158.82 171.07 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 192.99 171.07 Td (in ) Tj ET Q q 0 0 0 rg BT 203.26 171.07 Td (which ) Tj ET Q q 0 0 0 rg BT 230.20 171.07 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 263.81 171.07 Td (owns ) Tj ET Q q 0 0 0 rg BT 287.42 171.07 Td (50.1) Tj ET Q q 0 0 0 rg BT 304.55 171.07 Td (1 ) Tj ET Q q 0 0 0 rg BT 312.05 171.07 Td (percent ) Tj ET Q q 0 0 0 rg BT 343.97 171.07 Td (of ) Tj ET Q q 0 0 0 rg BT 354.80 171.07 Td (the ) Tj ET Q q 0 0 0 rg BT 369.52 171.07 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 418.68 171.07 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Associated ) Tj ET Q q 0 0 0 rg BT 98.05 742.25 Td (companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.17 718.25 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.60 706.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 118.86 706.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.02 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 134.96 706.25 Td (growth-oriented ) Tj ET Q q 0 0 0 rg BT 201.88 706.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 232.70 706.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 266.30 706.25 Td (company ) Tj ET Q q 0 0 0 rg BT 305.45 706.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 336.82 706.25 Td (by ) Tj ET Q q 0 0 0 rg BT 349.32 706.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 382.91 706.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 417.07 706.25 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 451.78 706.25 Td (SDRL\) ) Tj ET Q q 0 0 0 rg BT 483.17 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.44 706.25 Td (own, ) Tj ET Q q 0 0 0 rg BT 515.66 706.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 547.58 706.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 80.85 694.25 Td (of) Tj ET Q q 0 0 0 rg BT 89.00 694.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 115.42 694.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 146.28 694.25 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 165.21 694.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 197.74 694.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 231.93 694.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 262.80 694.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 279.23 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 292.86 694.25 Td (under ) Tj ET Q q 0 0 0 rg BT 317.06 694.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 357.92 694.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 395.43 694.25 Td (with ) Tj ET Q q 0 0 0 rg BT 414.64 694.25 Td (major ) Tj ET Q q 0 0 0 rg BT 439.39 694.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 451.37 694.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 495.56 694.25 Td (such ) Tj ET Q q 0 0 0 rg BT 515.32 694.25 Td (as ) Tj ET Q q 0 0 0 rg BT 525.07 694.25 Td (Chevron, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 682.25 Td (otal, ) Tj ET Q q 0 0 0 rg BT 75.61 682.25 Td (BP) Tj ET Q q 0 0 0 rg BT 87.47 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.17 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.32 682.25 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 160.58 682.25 Td (with ) Tj ET Q q 0 0 0 rg BT 181.06 682.25 Td (an ) Tj ET Q q 0 0 0 rg BT 193.20 682.25 Td (average ) Tj ET Q q 0 0 0 rg BT 226.99 682.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 270.24 682.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 305.14 682.25 Td (term ) Tj ET Q q 0 0 0 rg BT 326.17 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.21 682.25 Td (3.7 ) Tj ET Q q 0 0 0 rg BT 352.41 682.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 381.21 682.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 415.02 682.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 450.49 682.25 Td (intends ) Tj ET Q q 0 0 0 rg BT 482.08 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.57 682.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 515.82 682.25 Td (its' ) Tj ET Q q 0 0 0 rg BT 529.78 682.25 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.94 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.32 670.25 Td (of) Tj ET Q q 0 0 0 rg BT 84.47 670.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 112.62 670.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 145.22 670.25 Td (market ) Tj ET Q q 0 0 0 rg BT 176.15 670.25 Td (by ) Tj ET Q q 0 0 0 rg BT 189.31 670.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 231.35 670.25 Td (superior ) Tj ET Q q 0 0 0 rg BT 267.28 670.25 Td (service ) Tj ET Q q 0 0 0 rg BT 298.76 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.70 670.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 353.40 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 374.34 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 381.94 670.25 Td (modern, ) Tj ET Q q 0 0 0 rg BT 418.15 670.25 Td (technologically ) Tj ET Q q 0 0 0 rg BT 482.96 670.25 Td (advanced ) Tj ET Q q 0 0 0 rg BT 523.87 670.25 Td (fleet.) Tj ET Q q 0 0 0 rg BT 546.45 670.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.81 658.25 Td (intends ) Tj ET Q q 0 0 0 rg BT 123.62 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.32 658.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 171.10 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.24 658.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 242.76 658.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 281.78 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.14 658.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 342.60 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.85 658.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 387.88 658.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 422.46 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.16 658.25 Td (re-contract ) Tj ET Q q 0 0 0 rg BT 479.38 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.52 658.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 515.20 658.25 Td (under ) Tj ET Q q 0 0 0 rg BT 540.89 658.25 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (term ) Tj ET Q q 0 0 0 rg BT 70.83 646.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 109.42 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.36 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.64 646.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 170.24 646.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 225.51 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.79 646.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 267.17 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.88 646.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 302.15 646.25 Td (through ) Tj ET Q q 0 0 0 rg BT 335.76 646.25 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.91 622.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 122.81 622.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 146.73 622.25 Td (39,635,400 ) Tj ET Q q 0 0 0 rg BT 194.54 622.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 222.33 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.92 622.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 266.83 622.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 302.40 622.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.54 622.25 Td (53.2% ) Tj ET Q q 0 0 0 rg BT 342.18 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.31 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.34 622.25 Td (Company) Tj ET Q q 0 0 0 rg BT 406.58 622.25 Td (, ) Tj ET Q q 0 0 0 rg BT 411.88 622.25 Td (which ) Tj ET Q q 0 0 0 rg BT 439.13 622.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 482.47 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 489.72 622.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 513.64 622.25 Td (value ) Tj ET Q q 0 0 0 rg BT 538.10 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.23 622.25 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td ($1,215 ) Tj ET Q q 0 0 0 rg BT 80.00 610.25 Td (million ) Tj ET Q q 0 0 0 rg BT 111.39 610.25 Td (based ) Tj ET Q q 0 0 0 rg BT 136.66 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 149.16 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.88 610.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 195.26 610.25 Td (share ) Tj ET Q q 0 0 0 rg BT 218.86 610.25 Td (price ) Tj ET Q q 0 0 0 rg BT 241.35 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.18 610.25 Td (US$30.66 ) Tj ET Q q 0 0 0 rg BT 294.96 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 307.46 610.25 Td (May ) Tj ET Q q 0 0 0 rg BT 328.29 610.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 343.29 610.25 Td (2014.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (North ) Tj ET Q q 0 0 0 rg BT 75.66 586.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 109.82 586.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 144.55 586.25 Td (\("NADL"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (North ) Tj ET Q q 0 0 0 rg BT 75.92 574.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 111.47 574.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 146.46 574.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.46 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 164.23 574.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 196.99 574.25 Td (of) Tj ET Q q 0 0 0 rg BT 205.14 574.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 233.46 574.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 258.45 574.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 312.32 574.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 345.09 574.25 Td (company) Tj ET Q q 0 0 0 rg BT 381.10 574.25 Td (, ) Tj ET Q q 0 0 0 rg BT 386.93 574.25 Td (aiming ) Tj ET Q q 0 0 0 rg BT 418.03 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.14 574.25 Td (be ) Tj ET Q q 0 0 0 rg BT 441.90 574.25 Td (its ) Tj ET Q q 0 0 0 rg BT 454.68 574.25 Td (customers' ) Tj ET Q q 0 0 0 rg BT 500.36 574.25 Td (most ) Tj ET Q q 0 0 0 rg BT 523.14 574.25 Td (important ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (partner ) Tj ET Q q 0 0 0 rg BT 80.91 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.29 562.25 Td (making ) Tj ET Q q 0 0 0 rg BT 123.88 562.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 137.03 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.07 562.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 169.99 562.25 Td (available ) Tj ET Q q 0 0 0 rg BT 208.68 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.05 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 226.09 562.25 Td (safe ) Tj ET Q q 0 0 0 rg BT 244.79 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.82 562.25 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 288.85 562.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 318.65 562.25 Td (manner) Tj ET Q q 0 0 0 rg BT 348.08 562.25 Td (. ) Tj ET Q q 0 0 0 rg BT 352.99 562.25 Td (The ) Tj ET Q q 0 0 0 rg BT 371.13 562.25 Td (company ) Tj ET Q q 0 0 0 rg BT 410.38 562.25 Td (has ) Tj ET Q q 0 0 0 rg BT 426.31 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 433.35 562.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 453.71 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.63 562.25 Td (eight ) Tj ET Q q 0 0 0 rg BT 487.22 562.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 511.48 562.25 Td (environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (units ) Tj ET Q q 0 0 0 rg BT 72.02 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.36 550.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 122.69 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.70 550.25 Td (one ) Tj ET Q q 0 0 0 rg BT 156.70 550.25 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 196.49 550.25 Td (under ) Tj ET Q q 0 0 0 rg BT 221.82 550.25 Td (construction.NADL's ) Tj ET Q q 0 0 0 rg BT 312.29 550.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 346.51 550.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 385.73 550.25 Td (is ) Tj ET Q q 0 0 0 rg BT 394.97 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.32 550.25 Td (profitably ) Tj ET Q q 0 0 0 rg BT 447.32 550.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 470.44 550.25 Td (its ) Tj ET Q q 0 0 0 rg BT 482.45 550.25 Td (business ) Tj ET Q q 0 0 0 rg BT 518.91 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.26 550.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 538.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 106.34 538.25 Td (distributable ) Tj ET Q q 0 0 0 rg BT 158.68 538.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 178.79 538.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 199.47 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.59 538.25 Td (shareholders.) Tj ET Q q 0 0 0 rg BT 264.95 538.25 Td (The ) Tj ET Q q 0 0 0 rg BT 282.84 538.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 312.95 538.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 346.95 538.25 Td (is ) Tj ET Q q 0 0 0 rg BT 355.96 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.09 538.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 390.09 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 402.44 538.25 Td (modern ) Tj ET Q q 0 0 0 rg BT 435.33 538.25 Td (state-of-the-art ) Tj ET Q q 0 0 0 rg BT 497.08 538.25 Td (of) Tj ET Q q 0 0 0 rg BT 505.23 538.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 532.57 538.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (units ) Tj ET Q q 0 0 0 rg BT 71.95 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.23 526.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 106.39 526.25 Td (environments ) Tj ET Q q 0 0 0 rg BT 163.32 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.26 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.98 526.25 Td (North ) Tj ET Q q 0 0 0 rg BT 220.25 526.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 254.97 526.25 Td (Basin. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.01 502.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 123.01 502.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 147.02 502.25 Td (169,663,723 ) Tj ET Q q 0 0 0 rg BT 199.93 502.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 227.82 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.50 502.25 Td (NADL) Tj ET Q q 0 0 0 rg BT 265.91 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.81 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 280.05 502.25 Td (70.36% ) Tj ET Q q 0 0 0 rg BT 313.78 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.01 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.14 502.25 Td (Company) Tj ET Q q 0 0 0 rg BT 378.37 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 383.78 502.25 Td (which ) Tj ET Q q 0 0 0 rg BT 411.12 502.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 454.56 502.25 Td (a ) Tj ET Q q 0 0 0 rg BT 461.90 502.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 485.92 502.25 Td (value ) Tj ET Q q 0 0 0 rg BT 510.48 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.72 502.25 Td (US$1,637 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (million ) Tj ET Q q 0 0 0 rg BT 81.39 490.25 Td (based ) Tj ET Q q 0 0 0 rg BT 106.66 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 119.16 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.88 490.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 165.26 490.25 Td (share ) Tj ET Q q 0 0 0 rg BT 188.86 490.25 Td (price ) Tj ET Q q 0 0 0 rg BT 211.35 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.18 490.25 Td (US$9.65 ) Tj ET Q q 0 0 0 rg BT 259.96 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 272.46 490.25 Td (May ) Tj ET Q q 0 0 0 rg BT 293.29 490.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 308.29 490.25 Td (2014.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Ar) Tj ET Q q 0 0 0 rg BT 59.63 466.25 Td (cher ) Tj ET Q q 0 0 0 rg BT 79.90 466.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 112.95 466.25 Td (\(Ar) Tj ET Q q 0 0 0 rg BT 131.47 466.25 Td (cher\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 80.39 454.25 Td (is ) Tj ET Q q 0 0 0 rg BT 89.70 454.25 Td (an ) Tj ET Q q 0 0 0 rg BT 101.77 454.25 Td (international ) Tj ET Q q 0 0 0 rg BT 154.95 454.25 Td (oilfield ) Tj ET Q q 0 0 0 rg BT 186.46 454.25 Td (service ) Tj ET Q q 0 0 0 rg BT 217.42 454.25 Td (company ) Tj ET Q q 0 0 0 rg BT 256.71 454.25 Td (specializing ) Tj ET Q q 0 0 0 rg BT 307.10 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.52 454.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 349.59 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.67 454.25 Td (well ) Tj ET Q q 0 0 0 rg BT 386.52 454.25 Td (services ) Tj ET Q q 0 0 0 rg BT 421.36 454.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 445.67 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 458.30 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.15 454.25 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 494.68 454.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 520.09 454.25 Td (Exchange. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.20 442.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 123.39 442.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 147.59 442.25 Td (231,053,239 ) Tj ET Q q 0 0 0 rg BT 200.69 442.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 228.77 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.96 442.25 Td (Archer) Tj ET Q q 0 0 0 rg BT 266.32 442.25 Td (, ) Tj ET Q q 0 0 0 rg BT 271.92 442.25 Td (which ) Tj ET Q q 0 0 0 rg BT 299.45 442.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 343.08 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 350.62 442.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 374.82 442.25 Td (value ) Tj ET Q q 0 0 0 rg BT 399.57 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.00 442.25 Td (US$365 ) Tj ET Q q 0 0 0 rg BT 446.88 442.25 Td (million ) Tj ET Q q 0 0 0 rg BT 478.86 442.25 Td (based ) Tj ET Q q 0 0 0 rg BT 504.73 442.25 Td (on ) Tj ET Q q 0 0 0 rg BT 517.82 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 442.25 Td (closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (share ) Tj ET Q q 0 0 0 rg BT 73.51 430.25 Td (price ) Tj ET Q q 0 0 0 rg BT 95.91 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.65 430.25 Td (NOK9.41 ) Tj ET Q q 0 0 0 rg BT 148.22 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 160.63 430.25 Td (May ) Tj ET Q q 0 0 0 rg BT 181.38 430.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 196.29 430.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 221.20 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.61 430.25 Td (On ) Tj ET Q q 0 0 0 rg BT 238.24 430.25 Td (February ) Tj ET Q q 0 0 0 rg BT 276.75 430.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 291.13 430.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 321.30 430.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 367.03 430.25 Td (an ) Tj ET Q q 0 0 0 rg BT 378.88 430.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 427.39 430.25 Td (char) Tj ET Q q 0 0 0 rg BT 444.41 430.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 456.26 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.45 430.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 504.42 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.27 430.25 Td (other ) Tj ET Q q 0 0 0 rg BT 544.23 430.25 Td (long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.34 418.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 98.02 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.70 418.25 Td (US$430 ) Tj ET Q q 0 0 0 rg BT 143.83 418.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 177.57 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.92 418.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 206.71 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.06 418.25 Td (seadrill's ) Tj ET Q q 0 0 0 rg BT 258.20 418.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 302.21 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.89 418.25 Td (~40%, ) Tj ET Q q 0 0 0 rg BT 341.48 418.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 374.93 418.25 Td (has ) Tj ET Q q 0 0 0 rg BT 390.61 418.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 424.60 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.17 418.25 Td (book ) Tj ET Q q 0 0 0 rg BT 461.52 418.25 Td (value ) Tj ET Q q 0 0 0 rg BT 485.52 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.20 418.25 Td (its ) Tj ET Q q 0 0 0 rg BT 508.00 418.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 554.23 418.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 77.51 406.25 Td (this ) Tj ET Q q 0 0 0 rg BT 93.94 406.25 Td (write ) Tj ET Q q 0 0 0 rg BT 116.46 406.25 Td (down. ) Tj ET Q q 0 0 0 rg BT 143.16 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.70 406.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 174.44 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 183.08 406.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 223.38 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.14 406.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 275.66 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.07 406.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 301.27 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.58 406.25 Td (US$5 ) Tj ET Q q 0 0 0 rg BT 336.34 406.25 Td (million ) Tj ET Q q 0 0 0 rg BT 367.21 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.96 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 392.27 406.25 Td (first ) Tj ET Q q 0 0 0 rg BT 410.35 406.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 440.65 406.25 Td (net ) Tj ET Q q 0 0 0 rg BT 454.84 406.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 488.75 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.29 406.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 520.03 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 528.68 406.25 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.78 394.25 Td (part ) Tj ET Q q 0 0 0 rg BT 78.78 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.57 394.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 135.90 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.14 394.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 189.68 394.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 234.90 394.25 Td (under ) Tj ET Q q 0 0 0 rg BT 260.12 394.25 Td (other ) Tj ET Q q 0 0 0 rg BT 283.12 394.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 320.56 394.25 Td (items. ) Tj ET Q q 0 0 0 rg BT 347.18 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.63 394.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 393.20 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.87 394.25 Td (write ) Tj ET Q q 0 0 0 rg BT 430.87 394.25 Td (down ) Tj ET Q q 0 0 0 rg BT 455.55 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.33 394.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 504.34 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.23 394.25 Td (other ) Tj ET Q q 0 0 0 rg BT 544.23 394.25 Td (long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.50 382.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 98.33 382.25 Td (by ) Tj ET Q q 0 0 0 rg BT 110.27 382.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 140.53 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.81 382.25 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 165.53 382.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 190.53 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.25 382.25 Td (book ) Tj ET Q q 0 0 0 rg BT 227.75 382.25 Td (value ) Tj ET Q q 0 0 0 rg BT 251.90 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.73 382.25 Td (seadrill) Tj ET Q q 0 0 0 rg BT 296.62 382.25 Td (s ) Tj ET Q q 0 0 0 rg BT 303.01 382.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 349.39 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.12 382.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 389.38 382.25 Td (is ) Tj ET Q q 0 0 0 rg BT 398.54 382.25 Td (US$6 ) Tj ET Q q 0 0 0 rg BT 423.83 382.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 457.72 382.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 358.25 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 358.25 Td (information ) Tj ET Q q 0 0 0 rg BT 139.15 358.25 Td (on ) Tj ET Q q 0 0 0 rg BT 151.10 358.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 181.36 358.25 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 218.02 358.25 Td (see ) Tj ET Q q 0 0 0 rg BT 233.29 358.25 Td (their ) Tj ET Q q 0 0 0 rg BT 254.11 358.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 289.37 358.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 327.96 358.25 Td (report ) Tj ET Q q 0 0 0 rg BT 354.34 358.25 Td (published ) Tj ET Q q 0 0 0 rg BT 395.72 358.25 Td (on ) Tj ET Q q 0 0 0 rg BT 408.22 358.25 Td (www) Tj ET Q q 0 0 0 rg BT 429.24 358.25 Td (.archerwell.com. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 346.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 76.38 334.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 110.92 334.25 Td (ASA) Tj ET Q q 0 0 0 rg BT 127.96 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.46 334.25 Td (\(Sevan ) Tj ET Q q 0 0 0 rg BT 165.73 334.25 Td (Drilling\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 76.88 322.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 111.00 322.25 Td (is ) Tj ET Q q 0 0 0 rg BT 120.11 322.25 Td (an ) Tj ET Q q 0 0 0 rg BT 132.00 322.25 Td (of) Tj ET Q q 0 0 0 rg BT 140.15 322.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 167.58 322.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 199.47 322.25 Td (company ) Tj ET Q q 0 0 0 rg BT 238.57 322.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 262.69 322.25 Td (on ) Tj ET Q q 0 0 0 rg BT 275.13 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.79 322.25 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 311.13 322.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 336.36 322.25 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 380.73 322.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 407.61 322.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 441.72 322.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 465.28 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.17 322.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 517.93 322.25 Td (three ) Tj ET Q q 0 0 0 rg BT 540.36 322.25 Td (ultra-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 94.47 310.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 112.85 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.56 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.16 310.25 Td (cylindrical ) Tj ET Q q 0 0 0 rg BT 186.30 310.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 214.12 310.25 Td (design ) Tj ET Q q 0 0 0 rg BT 243.61 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.77 310.25 Td (Brazil ) Tj ET Q q 0 0 0 rg BT 282.58 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.40 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.00 310.25 Td (US ) Tj ET Q q 0 0 0 rg BT 332.16 310.25 Td (GoM ) Tj ET Q q 0 0 0 rg BT 356.66 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.48 310.25 Td (has ) Tj ET Q q 0 0 0 rg BT 391.19 310.25 Td (one ) Tj ET Q q 0 0 0 rg BT 409.01 310.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 452.38 310.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 466.87 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.58 310.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 509.74 310.25 Td (design ) Tj ET Q q 0 0 0 rg BT 539.23 310.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (construction. ) Tj ET Q q 0 0 0 rg BT 104.32 298.25 Td (The ) Tj ET Q q 0 0 0 rg BT 122.44 298.25 Td (third ) Tj ET Q q 0 0 0 rg BT 143.90 298.25 Td (rig, ) Tj ET Q q 0 0 0 rg BT 160.08 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.87 298.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 201.88 298.25 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 243.89 298.25 Td (is ) Tj ET Q q 0 0 0 rg BT 253.13 298.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 291.24 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.59 298.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 347.48 298.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 391.70 298.25 Td (by ) Tj ET Q q 0 0 0 rg BT 404.28 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.07 298.25 Td (end ) Tj ET Q q 0 0 0 rg BT 436.08 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.98 298.25 Td (May ) Tj ET Q q 0 0 0 rg BT 467.89 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.46 298.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.47 298.25 Td (three ) Tj ET Q q 0 0 0 rg BT 510.03 298.25 Td (year ) Tj ET Q q 0 0 0 rg BT 529.81 298.25 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.17 286.25 Td (LLOG ) Tj ET Q q 0 0 0 rg BT 99.23 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.40 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.01 286.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 144.74 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.46 286.25 Td (Mexico. ) Tj ET Q q 0 0 0 rg BT 190.91 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.13 286.25 Td (The ) Tj ET Q q 0 0 0 rg BT 211.07 286.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 237.90 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.63 286.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 275.46 286.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 309.52 286.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 341.90 286.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 377.06 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.79 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.40 286.25 Td (final ) Tj ET Q q 0 0 0 rg BT 423.12 286.25 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 462.73 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 472.90 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.52 286.25 Td (third ) Tj ET Q q 0 0 0 rg BT 508.80 286.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 539.51 286.25 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (seadrill) Tj ET Q q 0 0 0 rg BT 83.88 262.25 Td (s ) Tj ET Q q 0 0 0 rg BT 90.41 262.25 Td (stake ) Tj ET Q q 0 0 0 rg BT 113.60 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.01 262.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 151.09 262.25 Td (is ) Tj ET Q q 0 0 0 rg BT 160.40 262.25 Td (50.1) Tj ET Q q 0 0 0 rg BT 177.53 262.25 Td (1%, ) Tj ET Q q 0 0 0 rg BT 196.00 262.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 248.06 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 255.13 262.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 278.89 262.25 Td (value ) Tj ET Q q 0 0 0 rg BT 303.18 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.15 262.25 Td (US$159 ) Tj ET Q q 0 0 0 rg BT 349.57 262.25 Td (million ) Tj ET Q q 0 0 0 rg BT 381.10 262.25 Td (based ) Tj ET Q q 0 0 0 rg BT 406.50 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 419.14 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.00 262.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 465.52 262.25 Td (share ) Tj ET Q q 0 0 0 rg BT 489.26 262.25 Td (price ) Tj ET Q q 0 0 0 rg BT 511.88 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.85 262.25 Td (NOK3.17 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 250.25 Td (May ) Tj ET Q q 0 0 0 rg BT 83.33 250.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 98.33 250.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 123.33 250.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 226.25 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 226.25 Td (information ) Tj ET Q q 0 0 0 rg BT 139.15 226.25 Td (on ) Tj ET Q q 0 0 0 rg BT 151.65 226.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 178.59 226.25 Td (Drilling, ) Tj ET Q q 0 0 0 rg BT 215.25 226.25 Td (see ) Tj ET Q q 0 0 0 rg BT 230.52 226.25 Td (their ) Tj ET Q q 0 0 0 rg BT 251.35 226.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 286.60 226.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 325.20 226.25 Td (report ) Tj ET Q q 0 0 0 rg BT 351.57 226.25 Td (published ) Tj ET Q q 0 0 0 rg BT 392.96 226.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.46 226.25 Td (www) Tj ET Q q 0 0 0 rg BT 426.47 226.25 Td (.sevandrilling.com. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 202.25 Td (investments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 116.94 178.25 Td (Petr) Tj ET Q q 0 0 0 rg BT 133.78 178.25 Td (oleum ) Tj ET Q q 0 0 0 rg BT 160.72 178.25 Td (Bhd.\(SapuraKencana\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 115.24 166.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.41 166.25 Td (a ) Tj ET Q q 0 0 0 rg BT 131.35 166.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 152.74 166.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 195.22 166.25 Td (Malaysian ) Tj ET Q q 0 0 0 rg BT 239.38 166.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 252.43 166.25 Td (service ) Tj ET Q q 0 0 0 rg BT 283.25 166.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 319.62 166.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 343.79 166.25 Td (on ) Tj ET Q q 0 0 0 rg BT 356.29 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.01 166.25 Td (Malaysian ) Tj ET Q q 0 0 0 rg BT 415.16 166.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 440.44 166.25 Td (Exchange.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.24 142.25 Td (April ) Tj ET Q q 0 0 0 rg BT 87.93 142.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 103.02 142.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 125.60 142.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 159.29 142.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 199.63 142.25 Td (its ) Tj ET Q q 0 0 0 rg BT 211.66 142.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 255.91 142.25 Td (stake ) Tj ET Q q 0 0 0 rg BT 279.04 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.40 142.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 354.73 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.10 142.25 Td (12% ) Tj ET Q q 0 0 0 rg BT 386.01 142.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.93 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 403.95 142.25 Td (result ) Tj ET Q q 0 0 0 rg BT 428.76 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.67 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.47 142.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 500.38 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.29 142.25 Td (its ) Tj ET Q q 0 0 0 rg BT 523.33 142.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 550.90 142.25 Td (rig ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (business ) Tj ET Q q 0 0 0 rg BT 86.35 130.25 Td (into ) Tj ET Q q 0 0 0 rg BT 104.37 130.25 Td (SapuraKencana. ) Tj ET Q q 0 0 0 rg BT 171.89 130.25 Td (The ) Tj ET Q q 0 0 0 rg BT 189.90 130.25 Td (tar) Tj ET Q q 0 0 0 rg BT 200.26 130.25 Td (get ) Tj ET Q q 0 0 0 rg BT 214.94 130.25 Td (was ) Tj ET Q q 0 0 0 rg BT 232.95 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.18 130.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 277.30 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 284.19 130.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 311.65 130.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 343.55 130.25 Td (player ) Tj ET Q q 0 0 0 rg BT 370.99 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.23 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.90 130.25 Td (Far ) Tj ET Q q 0 0 0 rg BT 411.69 130.25 Td (East ) Tj ET Q q 0 0 0 rg BT 431.37 130.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 473.80 130.25 Td (service ) Tj ET Q q 0 0 0 rg BT 504.58 130.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 539.80 130.25 Td (Since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 97.60 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.53 118.25 Td (this ) Tj ET Q q 0 0 0 rg BT 125.59 118.25 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 174.57 118.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 239.92 118.25 Td (has ) Tj ET Q q 0 0 0 rg BT 255.85 118.25 Td (made ) Tj ET Q q 0 0 0 rg BT 280.12 118.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.93 118.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 361.42 118.25 Td (integrating ) Tj ET Q q 0 0 0 rg BT 407.35 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.17 118.25 Td (two ) Tj ET Q q 0 0 0 rg BT 439.78 118.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 484.61 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.65 118.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 529.25 118.25 Td (delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.11 106.25 Td (an ) Tj ET Q q 0 0 0 rg BT 71.34 106.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 113.11 106.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 119.89 106.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 146.66 106.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 163.45 106.25 Td (under ) Tj ET Q q 0 0 0 rg BT 188.00 106.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 239.22 106.25 Td (at ) Tj ET Q q 0 0 0 rg BT 248.22 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.22 106.25 Td (time ) Tj ET Q q 0 0 0 rg BT 281.77 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.89 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.89 106.25 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 353.92 106.25 Td (This ) Tj ET Q q 0 0 0 rg BT 373.48 106.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 409.14 106.25 Td (has ) Tj ET Q q 0 0 0 rg BT 424.26 106.25 Td (partly ) Tj ET Q q 0 0 0 rg BT 449.37 106.25 Td (been ) Tj ET Q q 0 0 0 rg BT 470.03 106.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 506.78 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.34 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.34 106.25 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (share ) Tj ET Q q 0 0 0 rg BT 73.60 94.25 Td (price ) Tj ET Q q 0 0 0 rg BT 96.08 94.25 Td (development.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (On ) Tj ET Q q 0 0 0 rg BT 63.77 70.25 Td (April ) Tj ET Q q 0 0 0 rg BT 86.86 70.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 96.35 70.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 118.34 70.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 151.43 70.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 170.08 70.25 Td (230 ) Tj ET Q q 0 0 0 rg BT 187.07 70.25 Td (million ) Tj ET Q q 0 0 0 rg BT 217.95 70.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 244.92 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.24 70.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 319.97 70.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 349.17 70.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 408.92 70.25 Td (US$300 ) Tj ET Q q 0 0 0 rg BT 443.69 70.25 Td (million ) Tj ET Q q 0 0 0 rg BT 474.57 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.33 70.25 Td (proceeds. ) Tj ET Q q 0 0 0 rg BT 526.71 70.25 Td (The ) Tj ET Q q 0 0 0 rg BT 544.24 70.25 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 91.85 58.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 112.05 58.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 146.67 58.25 Td (from ) Tj ET Q q 0 0 0 rg BT 169.08 58.25 Td (this ) Tj ET Q q 0 0 0 rg BT 186.51 58.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 205.03 58.25 Td (is ) Tj ET Q q 0 0 0 rg BT 214.68 58.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 275.42 58.25 Td (US$165 ) Tj ET Q q 0 0 0 rg BT 311.18 58.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 348.05 58.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 382.13 58.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 423.44 58.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.19 58.25 Td (own ) Tj ET Q q 0 0 0 rg BT 454.39 58.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 515.13 58.25 Td (490 ) Tj ET Q q 0 0 0 rg BT 533.11 58.25 Td (million ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 82.06 742.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 136.06 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 150.07 742.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 204.63 742.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 222.53 742.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 268.76 742.10 Td (stake. ) Tj ET Q q 0 0 0 rg BT 296.38 742.10 Td () Tj ET Q q 0 0 0 rg BT 298.70 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 304.11 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.02 742.10 Td (Olav ) Tj ET Q q 0 0 0 rg BT 340.70 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 346.45 742.10 Td (rim ) Tj ET Q q 0 0 0 rg BT 369.91 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 390.04 742.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 429.05 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.40 742.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 467.07 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.98 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.99 742.10 Td (board ) Tj ET Q q 0 0 0 rg BT 516.33 742.10 Td (member ) Tj ET Q q 0 0 0 rg BT 553.67 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 115.24 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 135.52 730.10 Td (John ) Tj ET Q q 0 0 0 rg BT 156.91 730.10 Td (Fredriksen ) Tj ET Q q 0 0 0 rg BT 202.18 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.01 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 224.95 730.10 Td (alternate ) Tj ET Q q 0 0 0 rg BT 261.87 730.10 Td (director) Tj ET Q q 0 0 0 rg BT 292.41 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 77.22 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 90.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.99 706.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 136.66 706.10 Td (share ) Tj ET Q q 0 0 0 rg BT 160.54 706.10 Td (price ) Tj ET Q q 0 0 0 rg BT 183.30 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.41 706.10 Td (MYR4.1 ) Tj ET Q q 0 0 0 rg BT 232.48 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 245.26 706.10 Td (May ) Tj ET Q q 0 0 0 rg BT 266.37 706.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 281.65 706.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 304.43 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.42 706.10 Td (total ) Tj ET Q q 0 0 0 rg BT 339.98 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 364.41 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.52 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.63 706.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 419.40 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 428.85 706.10 Td (US$627 ) Tj ET Q q 0 0 0 rg BT 464.41 706.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 498.59 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.16 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.80 706.10 Td (e ) Tj ET Q q 0 0 0 rg BT 517.02 706.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.23 706.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 75.88 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.65 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.97 694.10 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 139.61 694.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 159.94 694.10 Td (project ) Tj ET Q q 0 0 0 rg BT 189.69 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.46 694.10 Td (support ) Tj ET Q q 0 0 0 rg BT 231.45 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.77 694.10 Td (its ) Tj ET Q q 0 0 0 rg BT 253.21 694.10 Td (PLSV) Tj ET Q q 0 0 0 rg BT 277.49 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.48 694.10 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 318.68 694.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 357.05 694.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 393.48 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.25 694.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 436.33 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.76 694.10 Td (supervise ) Tj ET Q q 0 0 0 rg BT 492.52 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.73 694.10 Td (current ) Tj ET Q q 0 0 0 rg BT 537.04 694.10 Td (tender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 67.50 682.10 Td (under ) Tj ET Q q 0 0 0 rg BT 92.77 682.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 147.20 682.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 180.80 682.10 Td (three ) Tj ET Q q 0 0 0 rg BT 203.28 682.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 230.77 682.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 248.27 682.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 279.65 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.93 682.10 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 313.26 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.20 682.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 363.25 682.10 Td (management ) Tj ET Q q 0 0 0 rg BT 416.84 682.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 477.10 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.04 682.10 Td (support ) Tj ET Q q 0 0 0 rg BT 526.54 682.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.38 658.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 119.30 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.01 658.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 169.72 658.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 206.86 658.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 242.35 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.40 658.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 319.41 658.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 339.62 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.67 658.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 397.82 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.87 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.36 658.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 455.67 658.10 Td (has ) Tj ET Q q 0 0 0 rg BT 472.28 658.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 504.97 658.10 Td (into ) Tj ET Q q 0 0 0 rg BT 523.80 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 531.51 658.10 Td (lock ) Tj ET Q q 0 0 0 rg BT 552.00 658.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.13 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.28 646.10 Td (its ) Tj ET Q q 0 0 0 rg BT 120.21 646.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 163.24 646.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.72 646.10 Td (until ) Tj ET Q q 0 0 0 rg BT 211.54 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.25 646.10 Td (end ) Tj ET Q q 0 0 0 rg BT 243.17 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.99 646.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 281.48 646.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 315.07 646.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.12 646.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 370.04 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.30 646.10 Td (support ) Tj ET Q q 0 0 0 rg BT 412.79 646.10 Td (SapuraKencana's ) Tj ET Q q 0 0 0 rg BT 483.72 646.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 517.86 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.68 646.10 Td (growing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 63.78 634.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 90.89 634.10 Td (of) Tj ET Q q 0 0 0 rg BT 99.04 634.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 128.36 634.10 Td (service ) Tj ET Q q 0 0 0 rg BT 161.02 634.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 205.35 634.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 272.43 634.10 Td (has ) Tj ET Q q 0 0 0 rg BT 290.09 634.10 Td (strengthened ) Tj ET Q q 0 0 0 rg BT 345.52 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 359.31 634.10 Td (position ) Tj ET Q q 0 0 0 rg BT 395.87 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.98 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.58 634.10 Td (Asian ) Tj ET Q q 0 0 0 rg BT 451.25 634.10 Td (market ) Tj ET Q q 0 0 0 rg BT 483.34 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.12 634.10 Td (has ) Tj ET Q q 0 0 0 rg BT 519.79 634.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (international ) Tj ET Q q 0 0 0 rg BT 102.87 622.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 133.54 622.10 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 193.65 622.10 Td (SapuraKencana's ) Tj ET Q q 0 0 0 rg BT 264.42 622.10 Td (position ) Tj ET Q q 0 0 0 rg BT 298.99 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.65 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 321.43 622.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 363.75 622.10 Td (service ) Tj ET Q q 0 0 0 rg BT 394.40 622.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 430.61 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.39 622.10 Td (upstream ) Tj ET Q q 0 0 0 rg BT 486.38 622.10 Td (leaseholder ) Tj ET Q q 0 0 0 rg BT 534.25 622.10 Td (creates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.05 610.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 106.87 610.10 Td (advantage. ) Tj ET Q q 0 0 0 rg BT 155.01 610.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 188.73 610.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 221.32 610.10 Td (many ) Tj ET Q q 0 0 0 rg BT 246.15 610.10 Td (interesting ) Tj ET Q q 0 0 0 rg BT 290.97 610.10 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 340.79 610.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 396.17 610.10 Td (going ) Tj ET Q q 0 0 0 rg BT 421.56 610.10 Td (forward. ) Tj ET Q q 0 0 0 rg BT 458.32 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.75 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 469.38 610.10 Td (e ) Tj ET Q q 0 0 0 rg BT 476.43 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 491.25 610.10 Td (very ) Tj ET Q q 0 0 0 rg BT 511.63 610.10 Td (pleased ) Tj ET Q q 0 0 0 rg BT 544.23 610.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.47 598.10 Td (way ) Tj ET Q q 0 0 0 rg BT 83.39 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.86 598.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 145.10 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 165.14 598.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 230.14 598.10 Td (has ) Tj ET Q q 0 0 0 rg BT 245.72 598.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 289.07 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.77 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.24 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 344.15 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 370.84 598.10 Td (has ) Tj ET Q q 0 0 0 rg BT 386.43 598.10 Td (been ) Tj ET Q q 0 0 0 rg BT 407.56 598.10 Td (created. ) Tj ET Q q 0 0 0 rg BT 441.18 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.27 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 451.91 598.10 Td (e ) Tj ET Q q 0 0 0 rg BT 458.61 598.10 Td (look ) Tj ET Q q 0 0 0 rg BT 478.64 598.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 512.55 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.58 598.10 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (long ) Tj ET Q q 0 0 0 rg BT 70.28 586.10 Td (term ) Tj ET Q q 0 0 0 rg BT 91.10 586.10 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 146.36 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 166.64 586.10 Td (one ) Tj ET Q q 0 0 0 rg BT 183.58 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.41 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.24 586.10 Td (closest ) Tj ET Q q 0 0 0 rg BT 239.96 586.10 Td (business ) Tj ET Q q 0 0 0 rg BT 276.35 586.10 Td (partners.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Newbuilding ) Tj ET Q q 0 0 0 rg BT 106.96 538.10 Td (pr) Tj ET Q q 0 0 0 rg BT 116.78 538.10 Td (ogram) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.85 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.60 514.10 Td (first ) Tj ET Q q 0 0 0 rg BT 114.23 514.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 142.14 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.17 514.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 180.80 514.10 Td (took ) Tj ET Q q 0 0 0 rg BT 201.10 514.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 236.39 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.24 514.10 Td (one ) Tj ET Q q 0 0 0 rg BT 264.20 514.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 288.39 514.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 341.46 514.10 Td (high ) Tj ET Q q 0 0 0 rg BT 361.76 514.10 Td (specification ) Tj ET Q q 0 0 0 rg BT 415.37 514.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 447.88 514.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 468.46 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.02 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 491.66 514.10 Td (est ) Tj ET Q q 0 0 0 rg BT 505.29 514.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 530.59 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.56 514.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (high ) Tj ET Q q 0 0 0 rg BT 70.89 502.10 Td (specification ) Tj ET Q q 0 0 0 rg BT 125.09 502.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 158.18 502.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 179.35 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.45 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 203.09 502.10 Td (est ) Tj ET Q q 0 0 0 rg BT 217.08 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 222.84 502.10 Td (itania. ) Tj ET Q q 0 0 0 rg BT 250.66 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.55 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 262.19 502.10 Td (e ) Tj ET Q q 0 0 0 rg BT 269.74 502.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 308.94 502.10 Td (have ) Tj ET Q q 0 0 0 rg BT 330.93 502.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 344.04 502.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 362.15 502.10 Td (under ) Tj ET Q q 0 0 0 rg BT 388.03 502.10 Td (construction. ) Tj ET Q q 0 0 0 rg BT 443.07 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.96 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 464.39 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 473.03 502.10 Td (est ) Tj ET Q q 0 0 0 rg BT 487.25 502.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 513.13 502.10 Td (successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 100.81 490.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 144.97 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 157.47 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.40 490.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 171.90 490.10 Td (year ) Tj ET Q q 0 0 0 rg BT 191.61 490.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 226.31 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 246.59 490.10 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 310.77 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 323.27 490.10 Td (May ) Tj ET Q q 0 0 0 rg BT 344.10 490.10 Td (25.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 466.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 73.31 466.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 116.75 466.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 137.42 466.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 188.66 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.22 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.45 466.10 Td (newbuilds ) Tj ET Q q 0 0 0 rg BT 263.46 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.57 466.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 339.24 466.10 Td (US$5.4 ) Tj ET Q q 0 0 0 rg BT 372.42 466.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 401.44 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.78 466.10 Td (US$1.5 ) Tj ET Q q 0 0 0 rg BT 451.97 466.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 480.98 466.10 Td (has ) Tj ET Q q 0 0 0 rg BT 497.21 466.10 Td (been ) Tj ET Q q 0 0 0 rg BT 518.99 466.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 539.11 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 466.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (yards ) Tj ET Q q 0 0 0 rg BT 73.97 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.07 454.10 Td (pre-delivery ) Tj ET Q q 0 0 0 rg BT 135.24 454.10 Td (installments. ) Tj ET Q q 0 0 0 rg BT 188.39 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.54 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 199.57 454.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 212.44 454.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 224.76 454.10 Td (newbuilds ) Tj ET Q q 0 0 0 rg BT 268.18 454.10 Td (still ) Tj ET Q q 0 0 0 rg BT 285.50 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.59 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 307.35 454.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 346.86 454.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 380.28 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 389.27 454.10 Td (well ) Tj ET Q q 0 0 0 rg BT 408.80 454.10 Td (positioned ) Tj ET Q q 0 0 0 rg BT 452.78 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.75 454.10 Td (future ) Tj ET Q q 0 0 0 rg BT 492.94 454.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 526.09 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.40 454.10 Td (seadrill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.45 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.00 442.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 114.67 442.10 Td (market ) Tj ET Q q 0 0 0 rg BT 144.55 442.10 Td (leader) Tj ET Q q 0 0 0 rg BT 168.58 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 173.19 442.10 Td (will ) Tj ET Q q 0 0 0 rg BT 190.87 442.10 Td (refrain ) Tj ET Q q 0 0 0 rg BT 219.63 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.41 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.75 442.10 Td (time ) Tj ET Q q 0 0 0 rg BT 267.64 442.10 Td (being ) Tj ET Q q 0 0 0 rg BT 291.97 442.10 Td (from ) Tj ET Q q 0 0 0 rg BT 313.53 442.10 Td (ordering ) Tj ET Q q 0 0 0 rg BT 349.52 442.10 Td (more ) Tj ET Q q 0 0 0 rg BT 372.19 442.10 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 437.05 442.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 454.16 442.10 Td (until ) Tj ET Q q 0 0 0 rg BT 474.62 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.17 442.10 Td (clearer ) Tj ET Q q 0 0 0 rg BT 510.48 442.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 548.14 442.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.33 430.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 82.99 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.65 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.76 430.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 141.91 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.80 430.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 178.80 430.10 Td (does, ) Tj ET Q q 0 0 0 rg BT 202.52 430.10 Td (however ) Tj ET Q q 0 0 0 rg BT 239.83 430.10 Td (see ) Tj ET Q q 0 0 0 rg BT 255.49 430.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 311.16 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.71 430.10 Td (newbuilds ) Tj ET Q q 0 0 0 rg BT 369.70 430.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 400.91 430.10 Td (by ) Tj ET Q q 0 0 0 rg BT 413.80 430.10 Td (long ) Tj ET Q q 0 0 0 rg BT 434.47 430.10 Td (term ) Tj ET Q q 0 0 0 rg BT 455.68 430.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 494.67 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.69 430.10 Td (Arctic ) Tj ET Q q 0 0 0 rg BT 532.57 430.10 Td (regions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (given ) Tj ET Q q 0 0 0 rg BT 74.72 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.43 418.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 129.70 418.10 Td (under ) Tj ET Q q 0 0 0 rg BT 154.97 418.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 184.14 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.41 418.10 Td (this ) Tj ET Q q 0 0 0 rg BT 211.36 418.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 241.08 418.10 Td (market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 69.01 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.14 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.70 394.10 Td (high ) Tj ET Q q 0 0 0 rg BT 113.83 394.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 146.17 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.85 394.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 198.07 394.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 225.42 394.10 Td (place ) Tj ET Q q 0 0 0 rg BT 248.86 394.10 Td (during ) Tj ET Q q 0 0 0 rg BT 277.31 394.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 299.66 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.45 394.10 Td (bottlenecks ) Tj ET Q q 0 0 0 rg BT 364.34 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 384.47 394.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 429.03 394.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 467.49 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.27 394.10 Td (subcontractors, ) Tj ET Q q 0 0 0 rg BT 547.44 394.10 Td (it ) Tj ET Q q 0 0 0 rg BT 555.34 394.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 75.33 382.10 Td (several ) Tj ET Q q 0 0 0 rg BT 106.20 382.10 Td (shipyards ) Tj ET Q q 0 0 0 rg BT 147.08 382.10 Td (will ) Tj ET Q q 0 0 0 rg BT 165.19 382.10 Td (not ) Tj ET Q q 0 0 0 rg BT 180.52 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 192.51 382.10 Td (able ) Tj ET Q q 0 0 0 rg BT 211.72 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.06 382.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 244.04 382.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 291.02 382.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 326.33 382.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 351.93 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.30 382.10 Td (The ) Tj ET Q q 0 0 0 rg BT 372.40 382.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 392.73 382.10 Td (has ) Tj ET Q q 0 0 0 rg BT 408.61 382.10 Td (informed ) Tj ET Q q 0 0 0 rg BT 447.82 382.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 481.48 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.02 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.61 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.25 382.10 Td (est ) Tj ET Q q 0 0 0 rg BT 535.91 382.10 Td (Saturn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.41 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 75.05 370.10 Td (est ) Tj ET Q q 0 0 0 rg BT 88.28 370.10 Td (Carina ) Tj ET Q q 0 0 0 rg BT 117.06 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 134.74 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 146.30 370.10 Td (delayed ) Tj ET Q q 0 0 0 rg BT 179.52 370.10 Td (up ) Tj ET Q q 0 0 0 rg BT 191.64 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.55 370.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 208.67 370.10 Td (months ) Tj ET Q q 0 0 0 rg BT 240.24 370.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 289.01 370.10 Td (from ) Tj ET Q q 0 0 0 rg BT 310.57 370.10 Td (original ) Tj ET Q q 0 0 0 rg BT 343.80 370.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 378.69 370.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 403.86 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.98 370.10 Td (In ) Tj ET Q q 0 0 0 rg BT 416.44 370.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 451.34 370.10 Td (it ) Tj ET Q q 0 0 0 rg BT 459.02 370.10 Td (appears ) Tj ET Q q 0 0 0 rg BT 491.68 370.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 516.58 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.69 370.10 Td (several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.28 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.45 358.10 Td (four ) Tj ET Q q 0 0 0 rg BT 93.07 358.10 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 157.76 358.10 Td (drillships ) Tj ET Q q 0 0 0 rg BT 196.94 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.89 358.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 240.83 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.44 358.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 289.16 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.89 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.06 358.10 Td (second ) Tj ET Q q 0 0 0 rg BT 342.78 358.10 Td (half ) Tj ET Q q 0 0 0 rg BT 360.28 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.57 358.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 392.52 358.10 Td (will ) Tj ET Q q 0 0 0 rg BT 410.03 358.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.42 358.10 Td (delayed ) Tj ET Q q 0 0 0 rg BT 454.47 358.10 Td (by ) Tj ET Q q 0 0 0 rg BT 466.42 358.10 Td (up ) Tj ET Q q 0 0 0 rg BT 478.37 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.11 358.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 495.06 358.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 528.96 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.91 358.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.83 346.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 112.75 346.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 138.03 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.31 346.10 Td (late ) Tj ET Q q 0 0 0 rg BT 165.24 346.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 200.50 346.10 Td (compensations ) Tj ET Q q 0 0 0 rg BT 262.44 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.71 346.10 Td (case ) Tj ET Q q 0 0 0 rg BT 292.42 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.14 346.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 331.29 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.46 346.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 370.17 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.67 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.39 346.10 Td (yards ) Tj ET Q q 0 0 0 rg BT 421.55 346.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 449.59 346.10 Td (subcontractors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (New ) Tj ET Q q 0 0 0 rg BT 71.38 310.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 113.31 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.93 310.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 169.97 310.10 Td (extensions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.83 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.55 286.10 Td (first ) Tj ET Q q 0 0 0 rg BT 114.16 286.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 144.97 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.80 286.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 180.80 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 194.96 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 216.34 286.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 248.26 286.10 Td (into ) Tj ET Q q 0 0 0 rg BT 266.32 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.04 286.10 Td (following ) Tj ET Q q 0 0 0 rg BT 322.42 286.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 361.02 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.95 286.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 412.66 286.10 Td (extensions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.96 262.10 Td (February) Tj ET Q q 0 0 0 rg BT 96.41 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 101.55 262.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 148.62 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.03 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.88 262.10 Td (signing ) Tj ET Q q 0 0 0 rg BT 205.97 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.93 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.00 262.10 Td (Heads ) Tj ET Q q 0 0 0 rg BT 251.63 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.01 262.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 309.07 262.10 Td (with ) Tj ET Q q 0 0 0 rg BT 329.48 262.10 Td (Pemex ) Tj ET Q q 0 0 0 rg BT 359.33 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.75 262.10 Td (November ) Tj ET Q q 0 0 0 rg BT 414.59 262.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 439.72 262.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 473.46 262.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 511.63 262.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 550.35 262.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 56.77 250.10 Td (out ) Tj ET Q q 0 0 0 rg BT 71.33 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.43 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.42 250.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 102.20 250.10 Td (jack-ups ) Tj ET Q q 0 0 0 rg BT 137.85 250.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 171.27 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.05 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.04 250.10 Td (Heads ) Tj ET Q q 0 0 0 rg BT 223.80 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.52 250.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 282.22 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.86 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.06 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 309.69 250.10 Td (est ) Tj ET Q q 0 0 0 rg BT 322.58 250.10 Td (Oberon, ) Tj ET Q q 0 0 0 rg BT 356.71 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 365.35 250.10 Td (est ) Tj ET Q q 0 0 0 rg BT 378.23 250.10 Td (Intrepid, ) Tj ET Q q 0 0 0 rg BT 414.04 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 422.67 250.10 Td (est ) Tj ET Q q 0 0 0 rg BT 435.56 250.10 Td (Defender) Tj ET Q q 0 0 0 rg BT 472.35 250.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.63 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.71 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 501.35 250.10 Td (est ) Tj ET Q q 0 0 0 rg BT 514.23 250.10 Td (Courageous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.45 238.10 Td (now ) Tj ET Q q 0 0 0 rg BT 83.91 238.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 127.80 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 141.70 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.38 238.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 167.84 238.10 Td (term ) Tj ET Q q 0 0 0 rg BT 188.41 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.98 238.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 206.22 238.10 Td (years ) Tj ET Q q 0 0 0 rg BT 229.57 238.10 Td (each. ) Tj ET Q q 0 0 0 rg BT 252.62 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.70 238.10 Td (The ) Tj ET Q q 0 0 0 rg BT 272.33 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.97 238.10 Td (est ) Tj ET Q q 0 0 0 rg BT 294.16 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 299.92 238.10 Td (itania ) Tj ET Q q 0 0 0 rg BT 324.37 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 333.28 238.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 371.62 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.64 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.10 238.10 Td (process ) Tj ET Q q 0 0 0 rg BT 428.33 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 442.23 238.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 481.96 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.21 238.10 Td (In ) Tj ET Q q 0 0 0 rg BT 494.78 238.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 544.23 238.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.11 226.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 106.88 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.11 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.22 226.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 159.45 226.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 200.94 226.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 234.94 226.10 Td (has ) Tj ET Q q 0 0 0 rg BT 251.17 226.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 282.94 226.10 Td (SeaMex ) Tj ET Q q 0 0 0 rg BT 318.61 226.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 337.89 226.10 Td (\(SeaMex\), ) Tj ET Q q 0 0 0 rg BT 382.72 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.05 226.10 Td (50/50 ) Tj ET Q q 0 0 0 rg BT 415.73 226.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 437.86 226.10 Td (V) Tj ET Q q 0 0 0 rg BT 443.98 226.10 Td (enture ) Tj ET Q q 0 0 0 rg BT 471.86 226.10 Td (with ) Tj ET Q q 0 0 0 rg BT 492.54 226.10 Td (Fintech ) Tj ET Q q 0 0 0 rg BT 524.79 226.10 Td (Advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 67.78 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.29 214.10 Td (SeaMex ) Tj ET Q q 0 0 0 rg BT 105.57 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 123.63 214.10 Td (own ) Tj ET Q q 0 0 0 rg BT 143.36 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.31 214.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 193.92 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.64 214.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 241.14 214.10 Td (units ) Tj ET Q q 0 0 0 rg BT 263.10 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 273.94 214.10 Td (well ) Tj ET Q q 0 0 0 rg BT 293.66 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 304.50 214.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 338.67 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.62 214.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 384.79 214.10 Td (further ) Tj ET Q q 0 0 0 rg BT 414.50 214.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 469.79 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.07 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.80 214.10 Td (region. ) Tj ET Q q 0 0 0 rg BT 525.36 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.69 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 536.72 214.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 549.79 214.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 108.01 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.36 202.10 Td (SeaMex, ) Tj ET Q q 0 0 0 rg BT 157.64 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 172.32 202.10 Td (now ) Tj ET Q q 0 0 0 rg BT 192.56 202.10 Td (have ) Tj ET Q q 0 0 0 rg BT 214.45 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.91 202.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 249.93 202.10 Td (local ) Tj ET Q q 0 0 0 rg BT 272.38 202.10 Td (presence. ) Tj ET Q q 0 0 0 rg BT 312.87 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.67 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 324.31 202.10 Td (e ) Tj ET Q q 0 0 0 rg BT 331.76 202.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 373.65 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.66 202.10 Td (this ) Tj ET Q q 0 0 0 rg BT 409.13 202.10 Td (will ) Tj ET Q q 0 0 0 rg BT 427.70 202.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 461.27 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.72 202.10 Td (more ) Tj ET Q q 0 0 0 rg BT 492.29 202.10 Td (ef) Tj ET Q q 0 0 0 rg BT 499.87 202.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 528.43 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 545.89 202.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 190.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.29 190.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 127.55 190.10 Td (with ) Tj ET Q q 0 0 0 rg BT 147.83 190.10 Td (better ) Tj ET Q q 0 0 0 rg BT 173.10 190.10 Td (access ) Tj ET Q q 0 0 0 rg BT 201.13 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.41 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.35 190.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 247.51 190.10 Td (local ) Tj ET Q q 0 0 0 rg BT 269.45 190.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 313.04 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.98 190.10 Td (less ) Tj ET Q q 0 0 0 rg BT 347.48 190.10 Td (need ) Tj ET Q q 0 0 0 rg BT 368.85 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 383.01 190.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 425.50 190.10 Td (ex ) Tj ET Q q 0 0 0 rg BT 437.44 190.10 Td (pat ) Tj ET Q q 0 0 0 rg BT 452.15 190.10 Td (personnel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.04 166.10 Td (April, ) Tj ET Q q 0 0 0 rg BT 88.13 166.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 122.72 166.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 156.74 166.10 Td (new ) Tj ET Q q 0 0 0 rg BT 176.88 166.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 216.45 166.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.59 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.29 166.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 280.76 166.10 Td (units ) Tj ET Q q 0 0 0 rg BT 303.44 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 312.08 166.10 Td (est ) Tj ET Q q 0 0 0 rg BT 326.41 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 332.17 166.10 Td (ucana, ) Tj ET Q q 0 0 0 rg BT 361.22 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 369.85 166.10 Td (est ) Tj ET Q q 0 0 0 rg BT 384.19 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 389.60 166.10 Td (elesto, ) Tj ET Q q 0 0 0 rg BT 418.66 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 427.30 166.10 Td (est ) Tj ET Q q 0 0 0 rg BT 441.12 166.10 Td (Ariel, ) Tj ET Q q 0 0 0 rg BT 467.65 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.31 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 493.95 166.10 Td (est ) Tj ET Q q 0 0 0 rg BT 508.54 166.10 Td (Prospero ) Tj ET Q q 0 0 0 rg BT 547.57 166.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 88.46 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.04 154.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 137.61 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.64 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.05 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 174.69 154.10 Td (est ) Tj ET Q q 0 0 0 rg BT 188.17 154.10 Td (Mischief. ) Tj ET Q q 0 0 0 rg BT 228.58 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.78 154.10 Td (The ) Tj ET Q q 0 0 0 rg BT 248.69 154.10 Td (total ) Tj ET Q q 0 0 0 rg BT 268.83 154.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 302.84 154.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 340.20 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.23 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.81 154.10 Td (new ) Tj ET Q q 0 0 0 rg BT 387.84 154.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 426.30 154.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.34 154.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 495.46 154.10 Td (US$433 ) Tj ET Q q 0 0 0 rg BT 530.62 154.10 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.30 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 75.94 130.10 Td (est ) Tj ET Q q 0 0 0 rg BT 88.79 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.55 130.10 Td (ucana, ) Tj ET Q q 0 0 0 rg BT 122.25 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.58 130.10 Td (Friede ) Tj ET Q q 0 0 0 rg BT 156.01 130.10 Td (& ) Tj ET Q q 0 0 0 rg BT 165.68 130.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 204.78 130.10 Td (JU-2000E ) Tj ET Q q 0 0 0 rg BT 247.22 130.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 279.10 130.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 294.59 130.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 327.02 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.34 130.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 367.43 130.10 Td (of) Tj ET Q q 0 0 0 rg BT 375.58 130.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 402.04 130.10 Td (Angola ) Tj ET Q q 0 0 0 rg BT 433.37 130.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.03 130.10 Td (Cabinda ) Tj ET Q q 0 0 0 rg BT 488.24 130.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 508.46 130.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 523.13 130.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 83.68 118.10 Td (\(CABGOC\) ) Tj ET Q q 0 0 0 rg BT 134.04 118.10 Td (- ) Tj ET Q q 0 0 0 rg BT 139.39 118.10 Td (Chevron's ) Tj ET Q q 0 0 0 rg BT 181.54 118.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 211.34 118.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 240.02 118.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.80 118.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 297.38 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.73 118.10 Td (Angola. ) Tj ET Q q 0 0 0 rg BT 343.05 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 360.61 118.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 394.84 118.10 Td (is ) Tj ET Q q 0 0 0 rg BT 403.53 118.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.21 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.67 118.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 442.90 118.10 Td (period ) Tj ET Q q 0 0 0 rg BT 470.47 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.82 118.10 Td (24 ) Tj ET Q q 0 0 0 rg BT 492.84 118.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 526.66 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 544.23 118.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.79 106.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 122.93 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 137.74 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.11 106.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 187.91 106.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 223.26 106.10 Td (term ) Tj ET Q q 0 0 0 rg BT 244.73 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.55 106.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 315.46 106.10 Td (US$168 ) Tj ET Q q 0 0 0 rg BT 351.39 106.10 Td (million ) Tj ET Q q 0 0 0 rg BT 383.43 106.10 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 422.68 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.16 106.10 Td (an ) Tj ET Q q 0 0 0 rg BT 446.75 106.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 488.22 106.10 Td (US$8.5 ) Tj ET Q q 0 0 0 rg BT 521.65 106.10 Td (million ) Tj ET Q q 0 0 0 rg BT 553.69 106.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (mobilization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.79 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.43 70.10 Td (est ) Tj ET Q q 0 0 0 rg BT 89.78 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.19 70.10 Td (elesto, ) Tj ET Q q 0 0 0 rg BT 123.43 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.29 70.10 Td (Friede ) Tj ET Q q 0 0 0 rg BT 158.26 70.10 Td (& ) Tj ET Q q 0 0 0 rg BT 168.45 70.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 208.09 70.10 Td (JU-2000E ) Tj ET Q q 0 0 0 rg BT 251.06 70.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 283.46 70.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 299.49 70.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 332.44 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.30 70.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 373.92 70.10 Td (of) Tj ET Q q 0 0 0 rg BT 382.07 70.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 408.95 70.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 448.02 70.10 Td (with ) Tj ET Q q 0 0 0 rg BT 468.22 70.10 Td (Origin ) Tj ET Q q 0 0 0 rg BT 496.74 70.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 515.44 70.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 527.86 70.10 Td (Limited. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.95 58.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 102.55 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 111.62 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 125.68 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.52 58.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 152.14 58.10 Td (period ) Tj ET Q q 0 0 0 rg BT 180.09 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.82 58.10 Td (two ) Tj ET Q q 0 0 0 rg BT 208.22 58.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 234.23 58.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 272.17 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.35 58.10 Td (be ) Tj ET Q q 0 0 0 rg BT 294.19 58.10 Td (51 ) Tj ET Q q 0 0 0 rg BT 306.59 58.10 Td (days ) Tj ET Q q 0 0 0 rg BT 327.32 58.10 Td (each, ) Tj ET Q q 0 0 0 rg BT 350.54 58.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 369.61 58.10 Td (two ) Tj ET Q q 0 0 0 rg BT 387.01 58.10 Td (option ) Tj ET Q q 0 0 0 rg BT 414.97 58.10 Td (wells. ) Tj ET Q q 0 0 0 rg BT 440.80 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 458.75 58.10 Td (total ) Tj ET Q q 0 0 0 rg BT 478.93 58.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 512.97 58.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 550.36 58.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 46.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 98.87 46.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 133.57 46.10 Td (term ) Tj ET Q q 0 0 0 rg BT 154.40 46.10 Td (is ) Tj ET Q q 0 0 0 rg BT 163.57 46.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 223.83 46.10 Td (US$31 ) Tj ET Q q 0 0 0 rg BT 254.11 46.10 Td (million ) Tj ET Q q 0 0 0 rg BT 285.50 46.10 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 324.11 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.94 46.10 Td (mobilization.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.67 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.31 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 89.20 730.10 Td (Ariel, ) Tj ET Q q 0 0 0 rg BT 114.54 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.26 730.10 Td (Keppel ) Tj ET Q q 0 0 0 rg BT 152.43 730.10 Td (FELS ) Tj ET Q q 0 0 0 rg BT 178.06 730.10 Td ('B' ) Tj ET Q q 0 0 0 rg BT 190.62 730.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 214.58 730.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 246.85 730.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 262.75 730.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 295.58 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.31 730.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 336.80 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 344.95 730.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 372.23 730.10 Td (Congo ) Tj ET Q q 0 0 0 rg BT 401.18 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.25 730.10 Td (ENI ) Tj ET Q q 0 0 0 rg BT 440.20 730.10 Td (Congo ) Tj ET Q q 0 0 0 rg BT 469.16 730.10 Td (SA. ) Tj ET Q q 0 0 0 rg BT 489.07 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 506.90 730.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 541.39 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 550.35 730.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.47 718.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 75.73 718.10 Td (period ) Tj ET Q q 0 0 0 rg BT 103.31 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.68 718.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 125.71 718.10 Td (months ) Tj ET Q q 0 0 0 rg BT 157.20 718.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 175.90 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.38 718.10 Td (option ) Tj ET Q q 0 0 0 rg BT 214.97 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.34 718.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 237.37 718.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 271.21 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 288.79 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 308.60 718.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 342.28 718.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 379.31 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.01 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.26 718.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 440.95 718.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 475.19 718.10 Td (term ) Tj ET Q q 0 0 0 rg BT 495.55 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.26 718.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (US$89 ) Tj ET Q q 0 0 0 rg BT 80.28 706.10 Td (million ) Tj ET Q q 0 0 0 rg BT 111.67 706.10 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 150.28 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.11 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 173.05 706.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 213.87 706.10 Td (US$8.5 ) Tj ET Q q 0 0 0 rg BT 246.65 706.10 Td (million ) Tj ET Q q 0 0 0 rg BT 278.04 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.87 706.10 Td (mobilization.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.42 682.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 99.78 682.10 Td (Eni ) Tj ET Q q 0 0 0 rg BT 116.76 682.10 Td (Congo ) Tj ET Q q 0 0 0 rg BT 146.51 682.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 185.70 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.00 682.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 231.84 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.59 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.90 682.10 Td (LeT) Tj ET Q q 0 0 0 rg BT 277.85 682.10 Td (ourneau ) Tj ET Q q 0 0 0 rg BT 313.15 682.10 Td (Super ) Tj ET Q q 0 0 0 rg BT 339.57 682.10 Td (1) Tj ET Q q 0 0 0 rg BT 344.20 682.10 Td (16-E ) Tj ET Q q 0 0 0 rg BT 366.72 682.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 399.80 682.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 413.77 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 422.41 682.10 Td (est ) Tj ET Q q 0 0 0 rg BT 436.61 682.10 Td (Mischief ) Tj ET Q q 0 0 0 rg BT 475.24 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.99 682.10 Td (four ) Tj ET Q q 0 0 0 rg BT 509.74 682.10 Td (months ) Tj ET Q q 0 0 0 rg BT 542.27 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 552.58 682.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.25 670.10 Td (day ) Tj ET Q q 0 0 0 rg BT 107.19 670.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 124.68 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 144.96 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.89 670.10 Td (total ) Tj ET Q q 0 0 0 rg BT 172.17 670.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 206.31 670.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 243.80 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.63 670.10 Td (US$24 ) Tj ET Q q 0 0 0 rg BT 284.92 670.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.03 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.67 646.10 Td (est ) Tj ET Q q 0 0 0 rg BT 90.46 646.10 Td (Prospero, ) Tj ET Q q 0 0 0 rg BT 131.19 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.31 646.10 Td (Keppel ) Tj ET Q q 0 0 0 rg BT 169.86 646.10 Td (FELS ) Tj ET Q q 0 0 0 rg BT 195.88 646.10 Td ('B' ) Tj ET Q q 0 0 0 rg BT 208.84 646.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 233.19 646.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 265.85 646.10 Td (rig, ) Tj ET Q q 0 0 0 rg BT 282.14 646.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 315.36 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.48 646.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 357.36 646.10 Td (of) Tj ET Q q 0 0 0 rg BT 365.51 646.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 392.98 646.10 Td (V) Tj ET Q q 0 0 0 rg BT 399.60 646.10 Td (ietnam ) Tj ET Q q 0 0 0 rg BT 429.50 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 449.95 646.10 Td (JVPC. ) Tj ET Q q 0 0 0 rg BT 480.78 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 499.01 646.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 533.89 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 543.24 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.58 646.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 70.08 634.10 Td (period ) Tj ET Q q 0 0 0 rg BT 98.49 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.69 634.10 Td (one ) Tj ET Q q 0 0 0 rg BT 126.99 634.10 Td (well, ) Tj ET Q q 0 0 0 rg BT 149.58 634.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 187.97 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.62 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.92 634.10 Td (40 ) Tj ET Q q 0 0 0 rg BT 223.79 634.10 Td (days. ) Tj ET Q q 0 0 0 rg BT 247.27 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 265.69 634.10 Td (total ) Tj ET Q q 0 0 0 rg BT 286.32 634.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 320.83 634.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 358.69 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.22 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.30 634.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 422.82 634.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 457.89 634.10 Td (term ) Tj ET Q q 0 0 0 rg BT 479.08 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 488.61 634.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 549.23 634.10 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 70.00 622.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.36 598.10 Td (May ) Tj ET Q q 0 0 0 rg BT 80.71 598.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 113.84 598.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 141.98 598.10 Td (an ) Tj ET Q q 0 0 0 rg BT 153.44 598.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 195.46 598.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 229.69 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.49 598.10 Td (Lundin ) Tj ET Q q 0 0 0 rg BT 280.41 598.10 Td (of) Tj ET Q q 0 0 0 rg BT 288.55 598.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 315.57 598.10 Td (Malaysia ) Tj ET Q q 0 0 0 rg BT 354.25 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 367.94 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.04 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 390.67 598.10 Td (est ) Tj ET Q q 0 0 0 rg BT 403.81 598.10 Td (Prospero ) Tj ET Q q 0 0 0 rg BT 441.39 598.10 Td (following ) Tj ET Q q 0 0 0 rg BT 482.30 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 493.77 598.10 Td (work ) Tj ET Q q 0 0 0 rg BT 516.35 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 536.16 598.10 Td (JVPC. ) Tj ET Q q 0 0 0 rg BT 564.50 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 586.10 Td (new ) Tj ET Q q 0 0 0 rg BT 87.21 586.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 121.91 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.08 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.24 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.18 586.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 171.89 586.10 Td (period ) Tj ET Q q 0 0 0 rg BT 199.94 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.77 586.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 218.27 586.10 Td (years ) Tj ET Q q 0 0 0 rg BT 241.87 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.81 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.53 586.10 Td (total ) Tj ET Q q 0 0 0 rg BT 293.80 586.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.94 586.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 365.43 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 374.60 586.10 Td (US$1) Tj ET Q q 0 0 0 rg BT 397.02 586.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 409.52 586.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 562.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.93 562.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 125.99 562.10 Td (order ) Tj ET Q q 0 0 0 rg BT 149.62 562.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 183.79 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.65 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.50 562.10 Td (May ) Tj ET Q q 0 0 0 rg BT 226.36 562.10 Td (27 ) Tj ET Q q 0 0 0 rg BT 238.88 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 248.07 562.10 Td (US$18.8 ) Tj ET Q q 0 0 0 rg BT 285.88 562.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 314.52 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.48 562.10 Td (US$13.3 ) Tj ET Q q 0 0 0 rg BT 369.28 562.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 397.92 562.10 Td (standalone. ) Tj ET Q q 0 0 0 rg BT 445.71 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.05 562.10 Td (These ) Tj ET Q q 0 0 0 rg BT 474.45 562.10 Td (figures ) Tj ET Q q 0 0 0 rg BT 504.74 562.10 Td (do ) Tj ET Q q 0 0 0 rg BT 517.26 562.10 Td (not ) Tj ET Q q 0 0 0 rg BT 532.57 562.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (any ) Tj ET Q q 0 0 0 rg BT 67.25 550.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 101.72 550.10 Td (related ) Tj ET Q q 0 0 0 rg BT 131.74 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.33 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.36 550.10 Td (pipelay ) Tj ET Q q 0 0 0 rg BT 189.61 550.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 220.75 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.90 550.10 Td (Sete ) Tj ET Q q 0 0 0 rg BT 251.93 550.10 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 291.96 550.10 Td (drillships. ) Tj ET Q q 0 0 0 rg BT 334.50 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.31 550.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 371.23 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 380.71 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.31 550.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 439.68 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 460.27 550.10 Td (several ) Tj ET Q q 0 0 0 rg BT 491.40 550.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.76 550.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 544.23 550.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 81.84 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.13 538.10 Td (new ) Tj ET Q q 0 0 0 rg BT 113.32 538.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 152.93 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.11 538.10 Td (jack-ups ) Tj ET Q q 0 0 0 rg BT 205.51 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.47 538.10 Td (floaters. ) Tj ET Q q 0 0 0 rg BT 259.47 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.99 538.10 Td (In ) Tj ET Q q 0 0 0 rg BT 274.84 538.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 316.67 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 331.86 538.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.58 538.10 Td (seeing ) Tj ET Q q 0 0 0 rg BT 376.65 538.10 Td (progression ) Tj ET Q q 0 0 0 rg BT 426.83 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.13 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.87 538.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 502.95 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 524.25 538.10 Td (Petrobras ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.22 526.10 Td (extensions ) Tj ET Q q 0 0 0 rg BT 134.35 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.04 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.16 526.10 Td (current ) Tj ET Q q 0 0 0 rg BT 188.39 526.10 Td (two ) Tj ET Q q 0 0 0 rg BT 205.30 526.10 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 248.29 526.10 Td (charters ) Tj ET Q q 0 0 0 rg BT 281.85 526.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 317.08 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.77 526.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 351.18 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.66 526.10 Td (Additionally ) Tj ET Q q 0 0 0 rg BT 405.13 526.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 438.14 526.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 471.70 526.10 Td (confident ) Tj ET Q q 0 0 0 rg BT 511.38 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.28 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.27 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.91 526.10 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Jupiter ) Tj ET Q q 0 0 0 rg BT 80.16 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.32 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 105.96 514.10 Td (est ) Tj ET Q q 0 0 0 rg BT 120.00 514.10 Td (Saturn ) Tj ET Q q 0 0 0 rg BT 149.05 514.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.55 514.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 213.80 514.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 253.93 514.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 286.31 514.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 325.35 514.10 Td (after ) Tj ET Q q 0 0 0 rg BT 346.60 514.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 382.30 514.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.68 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.83 514.10 Td (yard. ) Tj ET Q q 0 0 0 rg BT 443.04 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.98 514.10 Td (However) Tj ET Q q 0 0 0 rg BT 482.23 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.67 514.10 Td (we ) Tj ET Q q 0 0 0 rg BT 502.27 514.10 Td (see ) Tj ET Q q 0 0 0 rg BT 517.97 514.10 Td (some ) Tj ET Q q 0 0 0 rg BT 542.02 514.10 Td (short ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.73 502.10 Td (challenges ) Tj ET Q q 0 0 0 rg BT 115.33 502.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 142.73 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.92 502.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 178.08 502.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 230.48 502.10 Td (work ) Tj ET Q q 0 0 0 rg BT 253.43 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.50 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.94 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 290.58 502.10 Td (est ) Tj ET Q q 0 0 0 rg BT 303.92 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 309.33 502.10 Td (ellus ) Tj ET Q q 0 0 0 rg BT 330.62 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 357.46 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.54 502.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 404.47 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.65 502.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 453.71 502.10 Td (its ) Tj ET Q q 0 0 0 rg BT 465.56 502.10 Td (current ) Tj ET Q q 0 0 0 rg BT 496.28 502.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 528.13 502.10 Td (program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 490.10 Td (Chevron ) Tj ET Q q 0 0 0 rg BT 107.22 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.72 490.10 Td (July ) Tj ET Q q 0 0 0 rg BT 138.89 490.10 Td (27) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 148.89 494.63 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.94 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 158.94 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (For ) Tj ET Q q 0 0 0 rg BT 67.20 466.10 Td (more ) Tj ET Q q 0 0 0 rg BT 91.06 466.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 126.02 466.10 Td (information ) Tj ET Q q 0 0 0 rg BT 176.55 466.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 218.18 466.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 241.48 466.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 263.67 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.42 466.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 316.94 466.10 Td (durations ) Tj ET Q q 0 0 0 rg BT 357.47 466.10 Td (including ) Tj ET Q q 0 0 0 rg BT 398.55 466.10 Td (escalation, ) Tj ET Q q 0 0 0 rg BT 444.34 466.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 482.63 466.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 529.83 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 466.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 75.82 454.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 109.96 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.67 454.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 141.60 454.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 162.41 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.78 454.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 214.04 454.10 Td (profiles, ) Tj ET Q q 0 0 0 rg BT 249.02 454.10 Td (see ) Tj ET Q q 0 0 0 rg BT 263.72 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.98 454.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 298.68 454.10 Td (status ) Tj ET Q q 0 0 0 rg BT 323.39 454.10 Td (report ) Tj ET Q q 0 0 0 rg BT 349.20 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.46 454.10 Td (news ) Tj ET Q q 0 0 0 rg BT 381.94 454.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 415.52 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 427.45 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.60 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.87 454.10 Td (website ) Tj ET Q q 0 0 0 rg BT 489.35 454.10 Td (www) Tj ET Q q 0 0 0 rg BT 510.36 454.10 Td (.seadrill.com) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 84.71 406.10 Td (development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Several new deepwater contracts have been announced recently indicating a dayrate level between 500 and 550k. ) Tj ET Q q 0 0 0 rg BT 505.45 382.10 Td (There are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (reasons however to believe that some of our major competitors will accept rates levels for a sixth generation vessels in the 425 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (- 475k level. Currently) Tj ET Q q 0 0 0 rg BT 142.94 358.10 Td (, the market suf) Tj ET Q q 0 0 0 rg BT 204.96 358.10 Td (fers from limited exploration drilling and delays in field developments from the major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (oil companies. ) Tj ET Q q 0 0 0 rg BT 113.14 346.10 Td (The root cause of the muted activity level is the fact that many major oil companies are working in order to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (improve their cash generation. ) Tj ET Q q 0 0 0 rg BT 176.44 334.10 Td (The outlook is further af) Tj ET Q q 0 0 0 rg BT 274.01 334.10 Td (fected by sublets and by lower specification rigs trying to price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (themselves into a higher end market. ) Tj ET Q q 0 0 0 rg BT 202.00 322.10 Td (The key question is when oil majors will resume tendering activity) Tj ET Q q 0 0 0 rg BT 468.51 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 475.83 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 481.24 322.10 Td (o some degree, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (decreased level of activity leads to further delays. Oil companies are trying to determine when dayrates will trough, thus are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (not compelled to sign contracts if they feel dayrates are still declining. Once a leading edge is defined others tend to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (compelled to award contracts. ) Tj ET Q q 0 0 0 rg BT 174.77 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 180.18 286.10 Td (o this point, in the recent weeks we have seen increased inquiries by both majors and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (independent operators following the establishment of a leading edge dayrate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (In the medium term, once oil majors begin contracting activity again, rates will be lower than the high rates experienced in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (2013. Most of our major competitors are facing tough investment decisions due to the fact that a lar) Tj ET Q q 0 0 0 rg BT 450.55 238.10 Td (ge percentage of their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (assets are in excess of 20 years old and will need significant upgrade investment to keep them running. seadrill is in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (beneficial position of not being forced to take many of these types of decisions. seadrill) Tj ET Q q 0 0 0 rg BT 406.57 214.10 Td (s cash flow profile is strong due to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 202.10 Td (ge contracted backlog with limited exposure to the current dayrate weakness. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (The current uncertainty in the market has reduced newbuilding activities and only 7 rigs have now been ordered for 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (delivery and 5 for 2017. ) Tj ET Q q 0 0 0 rg BT 148.68 166.10 Td (These numbers exclude the Brazilian built rigs where a lar) Tj ET Q q 0 0 0 rg BT 382.03 166.10 Td (ge degree of uncertainty remains as to actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (delivery dates. ) Tj ET Q q 0 0 0 rg BT 110.63 154.10 Td (These numbers are significantly lower than the 30 and 19 deliveries in 2014 and 2015 respectively) Tj ET Q q 0 0 0 rg BT 504.03 154.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Looking at the market as a whole, the acute challenges lie with fourth and fifth generation assets. ) Tj ET Q q 0 0 0 rg BT 443.02 130.10 Td (The oil companies' new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (requirements after Macondo and the focus on increased water depth areas have significantly limited the contractibility of older ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 99.53 106.10 Td (The owners will face the choice of investing significant amounts into twenty or thirty year old assets in order to try ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (to meet the new demands or simply just lay up the unit. Some contractors may also attempt asset swaps with new builds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (without a contract for older assets on long-term commitments, in an attempt to secure work for their premium units while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (saving cost on lar) Tj ET Q q 0 0 0 rg BT 120.08 70.10 Td (ge capex upgrades. ) Tj ET Q q 0 0 0 rg BT 198.75 70.10 Td (This results in the near term potential for more stacking of older units. ) Tj ET Q q 0 0 0 rg BT 483.96 70.10 Td (According to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Fearnley) Tj ET Q q 0 0 0 rg BT 87.76 58.10 Td (s a total of 51 units older than 25 years are required to under) Tj ET Q q 0 0 0 rg BT 328.90 58.10 Td (go their special survey in the next 24 months. It has been ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (shown from the prior cycles that such upgrades carried out by several of our competitors has had a materially lower return than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (seadrill's focus on building a modern high specification fleet. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Ultra-deepwater floaters \(>7,500 ft water depth\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Ultra-deepwater activity continues to be driven by the Golden ) Tj ET Q q 0 0 0 rg BT 304.45 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 310.21 694.10 Td (riangle of the US Gulf of Mexico, Brazil and ) Tj ET Q q 0 0 0 rg BT 496.64 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 505.28 694.10 Td (est ) Tj ET Q q 0 0 0 rg BT 518.33 694.10 Td (Africa. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Since the year 2000 approximately 8 billion boe have been discovered in the ultra-deepwater) Tj ET Q q 0 0 0 rg BT 420.85 682.10 Td (, the majority of which have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (in the golden triangle. Over the same time period only 500 million boe have been produced from ultra-deepwater regions. ) Tj ET Q q 0 0 0 rg BT 543.83 670.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (represents a reserve to production ratio of approximately 16 for ultra-deepwater projects. ) Tj ET Q q 0 0 0 rg BT 410.23 658.10 Td (This bodes quite well for expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (future activity as the addition of reserves is a key strategic objective for major oil companies. ) Tj ET Q q 0 0 0 rg BT 427.47 646.10 Td (The proving of reserves in these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (areas will mitigate declines in the R/P) Tj ET Q q 0 0 0 rg BT 201.26 634.10 Td ( ratio following this period of inactivity) Tj ET Q q 0 0 0 rg BT 358.92 634.10 Td (. From an economic standpoint, the average cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (of supply in ultra-deepwater regions is approximately $56 per barrel. ) Tj ET Q q 0 0 0 rg BT 330.29 622.10 Td (This is very attractive compared to the mar) Tj ET Q q 0 0 0 rg BT 501.99 622.10 Td (ginal cost of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (supply onshore North ) Tj ET Q q 0 0 0 rg BT 138.61 610.10 Td (America of approximately $65 per barrel. Over the long term, capital will be focused on more profitable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (projects, which are found in the ultra-deepwater) Tj ET Q q 0 0 0 rg BT 241.31 598.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (In addition to the traditional ultra-deepwater regions, Mexico presents a particularly interesting opportunity for future work. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Legislation is moving forward at an impressive pace and we expect the opening up of projects to potentially impact 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (demand. seadrill has operated the ) Tj ET Q q 0 0 0 rg BT 190.05 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 198.69 550.10 Td (est Pegasus in Mexico for the last 2.5 years and has developed a solid operational track ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (record and good working relationship with our customer) Tj ET Q q 0 0 0 rg BT 275.38 538.10 Td (, Pemex. ) Tj ET Q q 0 0 0 rg BT 314.92 538.10 Td (The results from the exploration drilling campaign have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (very encouraging. It is expected that the first Mexican deal with an international oil major will be concluded in the second half ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (of 2014. ) Tj ET Q q 0 0 0 rg BT 87.78 514.10 Td (As capital from major oil companies enters the country) Tj ET Q q 0 0 0 rg BT 307.62 514.10 Td (, demand for rigs is likely to follow) Tj ET Q q 0 0 0 rg BT 448.61 514.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Customers continue to focus their bidding activity on units that can provide dual BOP) Tj ET Q q 0 0 0 rg BT 396.34 490.10 Td (s, increased deck space and high variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (deck load capacity) Tj ET Q q 0 0 0 rg BT 123.75 478.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 454.10 Td (emium jack-up rigs \(>350 ft water depth\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (The market for high specification jack-up units continues to perform well. Operators have come to appreciate the increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (recovery factors that new assets can provide. Coupled with the lack of building activity over the last decades there is still a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (shortage of capable rigs in the near term. seadrill) Tj ET Q q 0 0 0 rg BT 252.15 418.10 Td (s execution of multiple contracts in Mexico, ) Tj ET Q q 0 0 0 rg BT 430.81 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 439.45 418.10 Td (est ) Tj ET Q q 0 0 0 rg BT 452.50 418.10 Td (Africa, ) Tj ET Q q 0 0 0 rg BT 482.49 418.10 Td (Australia, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 90.83 406.10 Td (Asia are good examples of the tightness in the market today) Tj ET Q q 0 0 0 rg BT 329.57 406.10 Td (. From a regional perspective there is a slight oversupply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (in Southeast ) Tj ET Q q 0 0 0 rg BT 101.11 394.10 Td (Asia compared to other regions due to many local players and the proximity to yards. ) Tj ET Q q 0 0 0 rg BT 447.23 394.10 Td (This has manifested itself in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (somewhat better mar) Tj ET Q q 0 0 0 rg BT 133.68 382.10 Td (gins for work in other regions as can be seen by seadrill) Tj ET Q q 0 0 0 rg BT 361.12 382.10 Td (s recent fixtures. In addition to attractive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (opportunities in Mexico, ) Tj ET Q q 0 0 0 rg BT 150.92 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 159.56 370.10 Td (est ) Tj ET Q q 0 0 0 rg BT 172.61 370.10 Td (Africa, and ) Tj ET Q q 0 0 0 rg BT 219.54 370.10 Td (Australia, we also see positive developments in Brunei and Saudi ) Tj ET Q q 0 0 0 rg BT 483.10 370.10 Td (Arabia.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (The premium \(350 feet in water depth and built post 2005\) fleet continues to operate at greater than 95% utilization rates for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (the 6th successive quarter) Tj ET Q q 0 0 0 rg BT 152.47 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.29 334.10 Td (The demand gap continues to grow as evidenced by the increase in number of open tenders, upward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (pressure on dayrates and increased contract durations worldwide. On the supply side, the pace of retirements continues to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (accelerate with more than 30 rigs leaving the market over the past two years, well in excess of the number scrapped in the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (10 years. ) Tj ET Q q 0 0 0 rg BT 88.42 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.46 298.10 Td (ith approximately 60% of the global contracted fleet more than 30 years old we see a positive outlook for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (employment from the yard of newbuild jack-ups being built by established contractors. ) Tj ET Q q 0 0 0 rg BT 403.07 286.10 Td (There are however some long term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (cautions linked to the fact that the orderbook for new high specification units now amounts to 144 units or approximately 50% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of the number of rigs more than 30 years old.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 59.63 238.10 Td (ctic Regions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Arctic regions are estimated to contain approximately 13% of the world) Tj ET Q q 0 0 0 rg BT 339.91 226.10 Td (s undiscovered oil and approximately 30% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (undiscovered gas. ) Tj ET Q q 0 0 0 rg BT 126.09 214.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 176.00 214.10 Td (, E&P) Tj ET Q q 0 0 0 rg BT 200.07 214.10 Td ( spending in the region has grown at 1) Tj ET Q q 0 0 0 rg BT 352.45 214.10 Td (1% annually over the last decade and expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (increase by 8% annually through 2018. Coupled with an aging fleet and few assets suitable to operate in the harsh ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (environment, the fundamentals are solid. ) Tj ET Q q 0 0 0 rg BT 218.11 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.60 190.10 Td (Arctic is expected to be one of the highest growth regions globally in the years to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (come. seadrill and North ) Tj ET Q q 0 0 0 rg BT 154.98 178.10 Td (Atlantic Drilling have seized this opportunity and established an Investment and Co-operation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Agreement with Rosneft in order to pursue growth opportunities of) Tj ET Q q 0 0 0 rg BT 318.38 166.10 Td (fshore and onshore in the Russian market through at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (2022.) Tj ET Q q 0 0 0 rg BT 74.45 154.10 Td (As part of these proposed opportunities, NADL) Tj ET Q q 0 0 0 rg BT 264.32 154.10 Td ( will enter the onshore drilling market in Russia and enter into contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (for multiple of) Tj ET Q q 0 0 0 rg BT 108.14 142.10 Td (fshore assets. In addition Rosneft will be acquiring a significant equity stake in NADL. ) Tj ET Q q 0 0 0 rg BT 461.12 142.10 Td (As part of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Agreement, a number of long term contracts for NADL) Tj ET Q q 0 0 0 rg BT 270.95 130.10 Td () Tj ET Q q 0 0 0 rg BT 273.73 130.10 Td (s near) Tj ET Q q 0 0 0 rg BT 297.13 130.10 Td (-term availability are expected to be signed as well as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (commitment to future contracts and newbuild projects. ) Tj ET Q q 0 0 0 rg BT 271.43 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 288.92 118.10 Td (Agreement envisions initial employment of up to 9 of) Tj ET Q q 0 0 0 rg BT 503.70 118.10 Td (fshore rigs to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Rosneft with a total commitment of 35 rig years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 82.10 Td (Atlantic's semi-submersible rig the ) Tj ET Q q 0 0 0 rg BT 216.87 82.10 Td (W) Tj ET Q q 0 0 0 rg BT 225.51 82.10 Td (est ) Tj ET Q q 0 0 0 rg BT 238.56 82.10 Td (Alpha currently drilling for ExxonMobil has under) Tj ET Q q 0 0 0 rg BT 441.67 82.10 Td (gone significant upgrades in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (preparation for ) Tj ET Q q 0 0 0 rg BT 111.64 70.10 Td (Arctic operation. ) Tj ET Q q 0 0 0 rg BT 181.71 70.10 Td (The rig will initially be used to drill a significant of) Tj ET Q q 0 0 0 rg BT 387.04 70.10 Td (fshore prospect in the Kara Sea for a joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (venture between Rosneft and ExxonMobil in ) Tj ET Q q 0 0 0 rg BT 231.63 58.10 Td (August. ) Tj ET Q q 0 0 0 rg BT 267.47 58.10 Td (According to Rosneft this is likely to be one of the highest impact wells ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (to be drilled globally this year and if successful may trigger a significant amount of additional drilling. North ) Tj ET Q q 0 0 0 rg BT 490.45 742.10 Td (Atlantic is well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (positioned to meet such a demand.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.70 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 96.93 676.70 Td (strategy) Tj ET Q q 0 0 0 rg BT 130.81 676.70 Td (, ) Tj ET Q q 0 0 0 rg BT 135.81 676.70 Td (dividend ) Tj ET Q q 0 0 0 rg BT 175.55 676.70 Td (and ) Tj ET Q q 0 0 0 rg BT 194.17 676.70 Td (outlook) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 652.70 Td (Growth ) Tj ET Q q 0 0 0 rg BT 83.62 652.70 Td (and ) Tj ET Q q 0 0 0 rg BT 101.68 652.70 Td (Investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.39 640.70 Td (has ) Tj ET Q q 0 0 0 rg BT 99.00 640.70 Td (the ) Tj ET Q q 0 0 0 rg BT 113.50 640.70 Td (highest ) Tj ET Q q 0 0 0 rg BT 144.66 640.70 Td (percentage ) Tj ET Q q 0 0 0 rg BT 190.25 640.70 Td (of ) Tj ET Q q 0 0 0 rg BT 200.86 640.70 Td (its ) Tj ET Q q 0 0 0 rg BT 212.59 640.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 238.20 640.70 Td (in ) Tj ET Q q 0 0 0 rg BT 248.26 640.70 Td (premium ) Tj ET Q q 0 0 0 rg BT 286.65 640.70 Td (classes ) Tj ET Q q 0 0 0 rg BT 316.70 640.70 Td (amongst ) Tj ET Q q 0 0 0 rg BT 352.86 640.70 Td (all ) Tj ET Q q 0 0 0 rg BT 365.14 640.70 Td (drillers. ) Tj ET Q q 0 0 0 rg BT 398.25 640.70 Td ( ) Tj ET Q q 0 0 0 rg BT 400.53 640.70 Td (93% ) Tj ET Q q 0 0 0 rg BT 421.14 640.70 Td (of ) Tj ET Q q 0 0 0 rg BT 431.75 640.70 Td (our ) Tj ET Q q 0 0 0 rg BT 447.37 640.70 Td (floater ) Tj ET Q q 0 0 0 rg BT 475.74 640.70 Td (fleet ) Tj ET Q q 0 0 0 rg BT 495.79 640.70 Td (is ) Tj ET Q q 0 0 0 rg BT 504.74 640.70 Td (6th ) Tj ET Q q 0 0 0 rg BT 519.80 640.70 Td (generation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.70 Td (ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 114.99 628.70 Td (and ) Tj ET Q q 0 0 0 rg BT 131.68 628.70 Td (100% ) Tj ET Q q 0 0 0 rg BT 157.27 628.70 Td (of ) Tj ET Q q 0 0 0 rg BT 167.85 628.70 Td (our ) Tj ET Q q 0 0 0 rg BT 183.43 628.70 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 215.67 628.70 Td (fleet ) Tj ET Q q 0 0 0 rg BT 235.68 628.70 Td (is ) Tj ET Q q 0 0 0 rg BT 244.61 628.70 Td (high ) Tj ET Q q 0 0 0 rg BT 264.64 628.70 Td (specification. ) Tj ET Q q 0 0 0 rg BT 320.48 628.70 Td ( ) Tj ET Q q 0 0 0 rg BT 322.57 628.70 Td (W) Tj ET Q q 0 0 0 rg BT 331.21 628.70 Td (e ) Tj ET Q q 0 0 0 rg BT 337.90 628.70 Td (seek ) Tj ET Q q 0 0 0 rg BT 357.92 628.70 Td (to ) Tj ET Q q 0 0 0 rg BT 367.95 628.70 Td (keep ) Tj ET Q q 0 0 0 rg BT 389.08 628.70 Td (this ) Tj ET Q q 0 0 0 rg BT 405.78 628.70 Td (high ) Tj ET Q q 0 0 0 rg BT 425.81 628.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 464.16 628.70 Td (to ) Tj ET Q q 0 0 0 rg BT 474.19 628.70 Td (premium ) Tj ET Q q 0 0 0 rg BT 512.55 628.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 534.24 628.70 Td (classes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.70 Td (intact ) Tj ET Q q 0 0 0 rg BT 75.80 616.70 Td (with ) Tj ET Q q 0 0 0 rg BT 97.16 616.70 Td (our ) Tj ET Q q 0 0 0 rg BT 114.07 616.70 Td (investments, ) Tj ET Q q 0 0 0 rg BT 167.93 616.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 205.39 616.70 Td (M&A, ) Tj ET Q q 0 0 0 rg BT 235.36 616.70 Td (and ) Tj ET Q q 0 0 0 rg BT 253.38 616.70 Td (divestitures. ) Tj ET Q q 0 0 0 rg BT 305.57 616.70 Td ( ) Tj ET Q q 0 0 0 rg BT 308.90 616.70 Td (This ) Tj ET Q q 0 0 0 rg BT 330.26 616.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 368.84 616.70 Td (mix ) Tj ET Q q 0 0 0 rg BT 387.98 616.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 426.00 616.70 Td (through-cycle ) Tj ET Q q 0 0 0 rg BT 485.12 616.70 Td (outperformance ) Tj ET Q q 0 0 0 rg BT 552.00 616.70 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.70 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 100.27 604.70 Td (a ) Tj ET Q q 0 0 0 rg BT 107.21 604.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 135.25 604.70 Td (utilization ) Tj ET Q q 0 0 0 rg BT 178.30 604.70 Td (and ) Tj ET Q q 0 0 0 rg BT 195.24 604.70 Td (stronger ) Tj ET Q q 0 0 0 rg BT 230.51 604.70 Td (net ) Tj ET Q q 0 0 0 rg BT 245.22 604.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.49 604.70 Td (flow) Tj ET Q q 0 0 0 rg BT 283.17 604.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.70 Td (During ) Tj ET Q q 0 0 0 rg BT 79.82 580.70 Td (the ) Tj ET Q q 0 0 0 rg BT 93.53 580.70 Td (first ) Tj ET Q q 0 0 0 rg BT 111.13 580.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 140.94 580.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 173.53 580.70 Td (invested ) Tj ET Q q 0 0 0 rg BT 208.35 580.70 Td (US$25 ) Tj ET Q q 0 0 0 rg BT 237.62 580.70 Td (million ) Tj ET Q q 0 0 0 rg BT 268.01 580.70 Td (into ) Tj ET Q q 0 0 0 rg BT 285.06 580.70 Td (North ) Tj ET Q q 0 0 0 rg BT 309.55 580.70 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 343.25 580.70 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 376.41 580.70 Td (as ) Tj ET Q q 0 0 0 rg BT 386.23 580.70 Td (part ) Tj ET Q q 0 0 0 rg BT 403.27 580.70 Td (of ) Tj ET Q q 0 0 0 rg BT 413.09 580.70 Td (the ) Tj ET Q q 0 0 0 rg BT 426.80 580.70 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 454.40 580.70 Td (IPO ) Tj ET Q q 0 0 0 rg BT 472.01 580.70 Td (in ) Tj ET Q q 0 0 0 rg BT 481.28 580.70 Td (order ) Tj ET Q q 0 0 0 rg BT 503.87 580.70 Td (to ) Tj ET Q q 0 0 0 rg BT 513.14 580.70 Td (demonstrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 91.93 568.70 Td (support ) Tj ET Q q 0 0 0 rg BT 124.43 568.70 Td (of ) Tj ET Q q 0 0 0 rg BT 135.26 568.70 Td (an ) Tj ET Q q 0 0 0 rg BT 147.20 568.70 Td (important ) Tj ET Q q 0 0 0 rg BT 188.58 568.70 Td (part ) Tj ET Q q 0 0 0 rg BT 206.63 568.70 Td (of ) Tj ET Q q 0 0 0 rg BT 217.46 568.70 Td (the ) Tj ET Q q 0 0 0 rg BT 232.18 568.70 Td (Group ) Tj ET Q q 0 0 0 rg BT 260.23 568.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.17 568.70 Td (based ) Tj ET Q q 0 0 0 rg BT 302.44 568.70 Td (on ) Tj ET Q q 0 0 0 rg BT 314.94 568.70 Td (the ) Tj ET Q q 0 0 0 rg BT 329.65 568.70 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 386.03 568.70 Td (of ) Tj ET Q q 0 0 0 rg BT 396.86 568.70 Td (the ) Tj ET Q q 0 0 0 rg BT 411.02 568.70 Td (Arctic ) Tj ET Q q 0 0 0 rg BT 438.51 568.70 Td (regions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.70 Td (Additionally ) Tj ET Q q 0 0 0 rg BT 103.04 544.70 Td (during ) Tj ET Q q 0 0 0 rg BT 131.64 544.70 Td (the ) Tj ET Q q 0 0 0 rg BT 146.35 544.70 Td (first ) Tj ET Q q 0 0 0 rg BT 164.95 544.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 195.75 544.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 229.35 544.70 Td (invested ) Tj ET Q q 0 0 0 rg BT 265.16 544.70 Td (US$50 ) Tj ET Q q 0 0 0 rg BT 295.43 544.70 Td (million ) Tj ET Q q 0 0 0 rg BT 326.82 544.70 Td (in ) Tj ET Q q 0 0 0 rg BT 337.08 544.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 370.68 544.70 Td (Partners ) Tj ET Q q 0 0 0 rg BT 405.94 544.70 Td (as ) Tj ET Q q 0 0 0 rg BT 416.76 544.70 Td (part ) Tj ET Q q 0 0 0 rg BT 434.79 544.70 Td (of ) Tj ET Q q 0 0 0 rg BT 445.62 544.70 Td (the ) Tj ET Q q 0 0 0 rg BT 460.32 544.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 487.81 544.70 Td (of) Tj ET Q q 0 0 0 rg BT 495.96 544.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 522.32 544.70 Td (to ) Tj ET Q q 0 0 0 rg BT 532.59 544.70 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 65.65 532.70 Td (W) Tj ET Q q 0 0 0 rg BT 74.28 532.70 Td (est ) Tj ET Q q 0 0 0 rg BT 88.27 532.70 Td (Auriga ) Tj ET Q q 0 0 0 rg BT 119.74 532.70 Td (dropdown. ) Tj ET Q q 0 0 0 rg BT 166.49 532.70 Td ( ) Tj ET Q q 0 0 0 rg BT 170.18 532.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 204.98 532.70 Td (expects ) Tj ET Q q 0 0 0 rg BT 238.66 532.70 Td (to ) Tj ET Q q 0 0 0 rg BT 250.14 532.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 288.27 532.70 Td (to ) Tj ET Q q 0 0 0 rg BT 299.74 532.70 Td (participate ) Tj ET Q q 0 0 0 rg BT 345.64 532.70 Td (in ) Tj ET Q q 0 0 0 rg BT 357.11 532.70 Td (future ) Tj ET Q q 0 0 0 rg BT 384.68 532.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 413.38 532.70 Td (of) Tj ET Q q 0 0 0 rg BT 421.52 532.70 Td (ferings ) Tj ET Q q 0 0 0 rg BT 452.99 532.70 Td (based ) Tj ET Q q 0 0 0 rg BT 479.45 532.70 Td (on ) Tj ET Q q 0 0 0 rg BT 493.15 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 509.06 532.70 Td (merits ) Tj ET Q q 0 0 0 rg BT 537.75 532.70 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 532.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.70 Td (investment. ) Tj ET Q q 0 0 0 rg BT 98.59 520.70 Td ( ) Tj ET Q q 0 0 0 rg BT 100.79 520.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 134.10 520.70 Td (expects ) Tj ET Q q 0 0 0 rg BT 166.29 520.70 Td (to ) Tj ET Q q 0 0 0 rg BT 176.27 520.70 Td (execute ) Tj ET Q q 0 0 0 rg BT 209.00 520.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 251.20 520.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 291.16 520.70 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 343.63 520.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 373.61 520.70 Td (to ) Tj ET Q q 0 0 0 rg BT 383.59 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 398.01 520.70 Td (term ) Tj ET Q q 0 0 0 rg BT 418.54 520.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 437.96 520.70 Td (B, ) Tj ET Q q 0 0 0 rg BT 449.33 520.70 Td (to ) Tj ET Q q 0 0 0 rg BT 459.32 520.70 Td (unlock ) Tj ET Q q 0 0 0 rg BT 488.74 520.70 Td (related ) Tj ET Q q 0 0 0 rg BT 518.14 520.70 Td (party ) Tj ET Q q 0 0 0 rg BT 540.89 520.70 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.70 Td (used ) Tj ET Q q 0 0 0 rg BT 70.83 508.70 Td (to ) Tj ET Q q 0 0 0 rg BT 81.11 508.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 113.03 508.70 Td (the ) Tj ET Q q 0 0 0 rg BT 127.57 508.70 Td (W) Tj ET Q q 0 0 0 rg BT 136.21 508.70 Td (est ) Tj ET Q q 0 0 0 rg BT 149.26 508.70 Td (Auriga, ) Tj ET Q q 0 0 0 rg BT 181.85 508.70 Td (W) Tj ET Q q 0 0 0 rg BT 190.49 508.70 Td (est ) Tj ET Q q 0 0 0 rg BT 204.10 508.70 Td (Capricorn, ) Tj ET Q q 0 0 0 rg BT 248.90 508.70 Td (W) Tj ET Q q 0 0 0 rg BT 257.54 508.70 Td (est ) Tj ET Q q 0 0 0 rg BT 270.97 508.70 Td (V) Tj ET Q q 0 0 0 rg BT 277.08 508.70 Td (encedor) Tj ET Q q 0 0 0 rg BT 308.33 508.70 Td (, ) Tj ET Q q 0 0 0 rg BT 313.14 508.70 Td (T) Tj ET Q q 0 0 0 rg BT 318.33 508.70 Td (-15 ) Tj ET Q q 0 0 0 rg BT 334.17 508.70 Td (and ) Tj ET Q q 0 0 0 rg BT 350.92 508.70 Td (T) Tj ET Q q 0 0 0 rg BT 356.11 508.70 Td (-16.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.70 Td (The ) Tj ET Q q 0 0 0 rg BT 67.63 484.70 Td (Board ) Tj ET Q q 0 0 0 rg BT 94.16 484.70 Td (of ) Tj ET Q q 0 0 0 rg BT 104.58 484.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 137.77 484.70 Td (Partners ) Tj ET Q q 0 0 0 rg BT 172.62 484.70 Td (has ) Tj ET Q q 0 0 0 rg BT 188.04 484.70 Td (set ) Tj ET Q q 0 0 0 rg BT 201.24 484.70 Td (high ) Tj ET Q q 0 0 0 rg BT 221.10 484.70 Td (tar) Tj ET Q q 0 0 0 rg BT 231.47 484.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 249.67 484.70 Td (for ) Tj ET Q q 0 0 0 rg BT 263.41 484.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 293.83 484.70 Td (and ) Tj ET Q q 0 0 0 rg BT 310.36 484.70 Td (dividend ) Tj ET Q q 0 0 0 rg BT 347.44 484.70 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 398.14 484.70 Td ( ) Tj ET Q q 0 0 0 rg BT 400.08 484.70 Td (The ) Tj ET Q q 0 0 0 rg BT 417.71 484.70 Td (Board ) Tj ET Q q 0 0 0 rg BT 444.24 484.70 Td (of ) Tj ET Q q 0 0 0 rg BT 454.65 484.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 487.84 484.70 Td (is ) Tj ET Q q 0 0 0 rg BT 496.60 484.70 Td (comfortable ) Tj ET Q q 0 0 0 rg BT 547.00 484.70 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.70 Td (such ) Tj ET Q q 0 0 0 rg BT 71.10 472.70 Td (high ) Tj ET Q q 0 0 0 rg BT 91.64 472.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 122.74 472.70 Td (can ) Tj ET Q q 0 0 0 rg BT 139.39 472.70 Td (be ) Tj ET Q q 0 0 0 rg BT 151.59 472.70 Td (achieved ) Tj ET Q q 0 0 0 rg BT 189.89 472.70 Td (based ) Tj ET Q q 0 0 0 rg BT 215.43 472.70 Td (on ) Tj ET Q q 0 0 0 rg BT 228.20 472.70 Td (dropdowns ) Tj ET Q q 0 0 0 rg BT 275.41 472.70 Td (from ) Tj ET Q q 0 0 0 rg BT 297.61 472.70 Td (seadrill's ) Tj ET Q q 0 0 0 rg BT 337.18 472.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 371.61 472.70 Td (fleet ) Tj ET Q q 0 0 0 rg BT 392.14 472.70 Td (and ) Tj ET Q q 0 0 0 rg BT 409.35 472.70 Td (funded ) Tj ET Q q 0 0 0 rg BT 439.88 472.70 Td (by ) Tj ET Q q 0 0 0 rg BT 452.65 472.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 493.18 472.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 513.72 472.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 534.82 472.70 Td (and ) Tj ET Q q 0 0 0 rg BT 552.02 472.70 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.70 Td (accessing ) Tj ET Q q 0 0 0 rg BT 90.82 460.70 Td (the ) Tj ET Q q 0 0 0 rg BT 105.53 460.70 Td (public ) Tj ET Q q 0 0 0 rg BT 133.03 460.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 152.74 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 169.68 460.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 197.18 460.70 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.70 Td (In ) Tj ET Q q 0 0 0 rg BT 60.26 436.70 Td (May ) Tj ET Q q 0 0 0 rg BT 80.53 436.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 113.56 436.70 Td (and ) Tj ET Q q 0 0 0 rg BT 129.93 436.70 Td (North ) Tj ET Q q 0 0 0 rg BT 154.77 436.70 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 188.91 436.70 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 222.51 436.70 Td (announced ) Tj ET Q q 0 0 0 rg BT 267.76 436.70 Td (an ) Tj ET Q q 0 0 0 rg BT 279.13 436.70 Td (Investment ) Tj ET Q q 0 0 0 rg BT 325.50 436.70 Td (and ) Tj ET Q q 0 0 0 rg BT 341.87 436.70 Td (Co-operation ) Tj ET Q q 0 0 0 rg BT 396.56 436.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 440.14 436.70 Td (with ) Tj ET Q q 0 0 0 rg BT 459.85 436.70 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 492.89 436.70 Td (in ) Tj ET Q q 0 0 0 rg BT 502.60 436.70 Td (order ) Tj ET Q q 0 0 0 rg BT 525.63 436.70 Td (to ) Tj ET Q q 0 0 0 rg BT 535.34 436.70 Td (pursue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.75 424.70 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 135.95 424.70 Td (of) Tj ET Q q 0 0 0 rg BT 144.10 424.70 Td (fshore ) Tj ET Q q 0 0 0 rg BT 171.51 424.70 Td (and ) Tj ET Q q 0 0 0 rg BT 188.38 424.70 Td (onshore ) Tj ET Q q 0 0 0 rg BT 222.46 424.70 Td (in ) Tj ET Q q 0 0 0 rg BT 232.66 424.70 Td (the ) Tj ET Q q 0 0 0 rg BT 247.30 424.70 Td (Russian ) Tj ET Q q 0 0 0 rg BT 281.39 424.70 Td (market ) Tj ET Q q 0 0 0 rg BT 311.58 424.70 Td (through ) Tj ET Q q 0 0 0 rg BT 345.11 424.70 Td (at ) Tj ET Q q 0 0 0 rg BT 354.75 424.70 Td (least ) Tj ET Q q 0 0 0 rg BT 375.50 424.70 Td (2022.seadrill, ) Tj ET Q q 0 0 0 rg BT 436.53 424.70 Td (after ) Tj ET Q q 0 0 0 rg BT 457.27 424.70 Td (the ) Tj ET Q q 0 0 0 rg BT 471.91 424.70 Td (initial ) Tj ET Q q 0 0 0 rg BT 497.66 424.70 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 546.46 424.70 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.70 Td (remain ) Tj ET Q q 0 0 0 rg BT 81.21 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 96.87 412.70 Td (lar) Tj ET Q q 0 0 0 rg BT 107.23 412.70 Td (gest ) Tj ET Q q 0 0 0 rg BT 126.79 412.70 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 176.88 412.70 Td (in ) Tj ET Q q 0 0 0 rg BT 188.10 412.70 Td (NADL. ) Tj ET Q q 0 0 0 rg BT 221.82 412.70 Td ( ) Tj ET Q q 0 0 0 rg BT 224.50 412.70 Td (As ) Tj ET Q q 0 0 0 rg BT 239.06 412.70 Td (part ) Tj ET Q q 0 0 0 rg BT 258.05 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 269.82 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 284.72 412.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 335.09 412.70 Td (a ) Tj ET Q q 0 0 0 rg BT 342.97 412.70 Td (number ) Tj ET Q q 0 0 0 rg BT 376.96 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 388.74 412.70 Td (long ) Tj ET Q q 0 0 0 rg BT 409.96 412.70 Td (term ) Tj ET Q q 0 0 0 rg BT 431.73 412.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 471.26 412.70 Td (for ) Tj ET Q q 0 0 0 rg BT 486.37 412.70 Td (NADL) Tj ET Q q 0 0 0 rg BT 513.22 412.70 Td () Tj ET Q q 0 0 0 rg BT 516.00 412.70 Td (s ) Tj ET Q q 0 0 0 rg BT 523.34 412.70 Td (near) Tj ET Q q 0 0 0 rg BT 540.34 412.70 Td (-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.70 Td (availability ) Tj ET Q q 0 0 0 rg BT 96.90 400.70 Td (are ) Tj ET Q q 0 0 0 rg BT 111.02 400.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 148.46 400.70 Td (to ) Tj ET Q q 0 0 0 rg BT 158.16 400.70 Td (be ) Tj ET Q q 0 0 0 rg BT 169.51 400.70 Td (signed ) Tj ET Q q 0 0 0 rg BT 197.53 400.70 Td (as ) Tj ET Q q 0 0 0 rg BT 207.77 400.70 Td (well ) Tj ET Q q 0 0 0 rg BT 226.90 400.70 Td (as ) Tj ET Q q 0 0 0 rg BT 237.14 400.70 Td (a ) Tj ET Q q 0 0 0 rg BT 243.50 400.70 Td (commitment ) Tj ET Q q 0 0 0 rg BT 295.96 400.70 Td (to ) Tj ET Q q 0 0 0 rg BT 305.65 400.70 Td (future ) Tj ET Q q 0 0 0 rg BT 331.44 400.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 369.44 400.70 Td (and ) Tj ET Q q 0 0 0 rg BT 385.80 400.70 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 424.93 400.70 Td (projects. ) Tj ET Q q 0 0 0 rg BT 460.86 400.70 Td (The ) Tj ET Q q 0 0 0 rg BT 477.89 400.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 524.23 400.70 Td (envisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.70 Td (initial ) Tj ET Q q 0 0 0 rg BT 75.83 388.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 128.32 388.70 Td (of ) Tj ET Q q 0 0 0 rg BT 139.15 388.70 Td (up ) Tj ET Q q 0 0 0 rg BT 151.65 388.70 Td (to ) Tj ET Q q 0 0 0 rg BT 161.93 388.70 Td (9 ) Tj ET Q q 0 0 0 rg BT 169.43 388.70 Td (of) Tj ET Q q 0 0 0 rg BT 177.58 388.70 Td (fshore ) Tj ET Q q 0 0 0 rg BT 205.07 388.70 Td (rigs ) Tj ET Q q 0 0 0 rg BT 222.57 388.70 Td (to ) Tj ET Q q 0 0 0 rg BT 232.85 388.70 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 266.46 388.70 Td (with ) Tj ET Q q 0 0 0 rg BT 286.73 388.70 Td (a ) Tj ET Q q 0 0 0 rg BT 293.67 388.70 Td (total ) Tj ET Q q 0 0 0 rg BT 313.95 388.70 Td (commitment ) Tj ET Q q 0 0 0 rg BT 366.99 388.70 Td (of ) Tj ET Q q 0 0 0 rg BT 377.82 388.70 Td (35 ) Tj ET Q q 0 0 0 rg BT 390.32 388.70 Td (rig ) Tj ET Q q 0 0 0 rg BT 403.93 388.70 Td (years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 364.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.05 364.70 Td (backlog ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.70 Td (As ) Tj ET Q q 0 0 0 rg BT 65.97 352.70 Td (of ) Tj ET Q q 0 0 0 rg BT 79.16 352.70 Td (May ) Tj ET Q q 0 0 0 rg BT 102.35 352.70 Td (27, ) Tj ET Q q 0 0 0 rg BT 119.71 352.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 147.07 352.70 Td (our ) Tj ET Q q 0 0 0 rg BT 165.26 352.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 220.66 352.70 Td (orderbacklog ) Tj ET Q q 0 0 0 rg BT 278.27 352.70 Td (is ) Tj ET Q q 0 0 0 rg BT 289.80 352.70 Td (US$18.8billion ) Tj ET Q q 0 0 0 rg BT 356.06 352.70 Td (and ) Tj ET Q q 0 0 0 rg BT 375.36 352.70 Td (US$13.3 ) Tj ET Q q 0 0 0 rg BT 415.50 352.70 Td (billion ) Tj ET Q q 0 0 0 rg BT 446.47 352.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 490.77 352.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 526.73 352.70 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 564.50 352.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.70 Td (Orderbacklog ) Tj ET Q q 0 0 0 rg BT 106.87 340.70 Td (for ) Tj ET Q q 0 0 0 rg BT 120.43 340.70 Td (our ) Tj ET Q q 0 0 0 rg BT 135.66 340.70 Td (floater ) Tj ET Q q 0 0 0 rg BT 163.65 340.70 Td (fleet ) Tj ET Q q 0 0 0 rg BT 183.31 340.70 Td (is ) Tj ET Q q 0 0 0 rg BT 191.88 340.70 Td (US$14.1 ) Tj ET Q q 0 0 0 rg BT 229.06 340.70 Td (billion, ) Tj ET Q q 0 0 0 rg BT 259.57 340.70 Td (US$4.3 ) Tj ET Q q 0 0 0 rg BT 291.75 340.70 Td (billion ) Tj ET Q q 0 0 0 rg BT 319.76 340.70 Td (for ) Tj ET Q q 0 0 0 rg BT 333.31 340.70 Td (our ) Tj ET Q q 0 0 0 rg BT 348.54 340.70 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 380.42 340.70 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 402.58 340.70 Td (and ) Tj ET Q q 0 0 0 rg BT 418.92 340.70 Td (US$400 ) Tj ET Q q 0 0 0 rg BT 453.60 340.70 Td (million ) Tj ET Q q 0 0 0 rg BT 484.39 340.70 Td (for ) Tj ET Q q 0 0 0 rg BT 497.94 340.70 Td (our ) Tj ET Q q 0 0 0 rg BT 513.17 340.70 Td (tender ) Tj ET Q q 0 0 0 rg BT 540.05 340.70 Td (units. ) Tj ET Q q 0 0 0 rg BT 564.50 340.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.70 Td (The ) Tj ET Q q 0 0 0 rg BT 68.00 328.70 Td (order ) Tj ET Q q 0 0 0 rg BT 91.56 328.70 Td (backlog ) Tj ET Q q 0 0 0 rg BT 125.67 328.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 162.56 328.70 Td (clarity ) Tj ET Q q 0 0 0 rg BT 190.56 328.70 Td (for ) Tj ET Q q 0 0 0 rg BT 204.67 328.70 Td (future ) Tj ET Q q 0 0 0 rg BT 231.00 328.70 Td (earnings ) Tj ET Q q 0 0 0 rg BT 267.34 328.70 Td (as ) Tj ET Q q 0 0 0 rg BT 278.12 328.70 Td (well ) Tj ET Q q 0 0 0 rg BT 297.79 328.70 Td (as ) Tj ET Q q 0 0 0 rg BT 308.58 328.70 Td (generates ) Tj ET Q q 0 0 0 rg BT 348.79 328.70 Td (visibility ) Tj ET Q q 0 0 0 rg BT 386.80 328.70 Td (for ) Tj ET Q q 0 0 0 rg BT 400.92 328.70 Td (dividend ) Tj ET Q q 0 0 0 rg BT 438.37 328.70 Td (capacity) Tj ET Q q 0 0 0 rg BT 471.03 328.70 Td (. ) Tj ET Q q 0 0 0 rg BT 475.99 328.70 Td ( ) Tj ET Q q 0 0 0 rg BT 478.26 328.70 Td (The ) Tj ET Q q 0 0 0 rg BT 496.26 328.70 Td (average ) Tj ET Q q 0 0 0 rg BT 529.80 328.70 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.70 Td (duration ) Tj ET Q q 0 0 0 rg BT 85.83 316.70 Td (for ) Tj ET Q q 0 0 0 rg BT 99.99 316.70 Td (contracted ) Tj ET Q q 0 0 0 rg BT 144.13 316.70 Td (floaters ) Tj ET Q q 0 0 0 rg BT 176.61 316.70 Td (is ) Tj ET Q q 0 0 0 rg BT 185.78 316.70 Td (33 ) Tj ET Q q 0 0 0 rg BT 198.28 316.70 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.70 Td (Most ) Tj ET Q q 0 0 0 rg BT 72.72 292.70 Td (capacity ) Tj ET Q q 0 0 0 rg BT 108.19 292.70 Td (has ) Tj ET Q q 0 0 0 rg BT 123.67 292.70 Td (been ) Tj ET Q q 0 0 0 rg BT 144.71 292.70 Td (firmed ) Tj ET Q q 0 0 0 rg BT 173.52 292.70 Td (up ) Tj ET Q q 0 0 0 rg BT 185.68 292.70 Td (for ) Tj ET Q q 0 0 0 rg BT 199.50 292.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.87 292.70 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 246.01 292.70 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 268.43 292.70 Td ( ) Tj ET Q q 0 0 0 rg BT 270.11 292.70 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 312.83 292.70 Td (final ) Tj ET Q q 0 0 0 rg BT 333.31 292.70 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 378.80 292.70 Td (of ) Tj ET Q q 0 0 0 rg BT 389.28 292.70 Td (the ) Tj ET Q q 0 0 0 rg BT 403.66 292.70 Td (Pemex ) Tj ET Q q 0 0 0 rg BT 433.03 292.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 467.39 292.70 Td (for ) Tj ET Q q 0 0 0 rg BT 481.21 292.70 Td (the ) Tj ET Q q 0 0 0 rg BT 495.43 292.70 Td (W) Tj ET Q q 0 0 0 rg BT 504.06 292.70 Td (est ) Tj ET Q q 0 0 0 rg BT 517.17 292.70 Td (T) Tj ET Q q 0 0 0 rg BT 522.93 292.70 Td (itania, ) Tj ET Q q 0 0 0 rg BT 549.80 292.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.70 Td (average ) Tj ET Q q 0 0 0 rg BT 83.58 280.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 118.29 280.70 Td (length ) Tj ET Q q 0 0 0 rg BT 145.78 280.70 Td (for ) Tj ET Q q 0 0 0 rg BT 159.94 280.70 Td (contracted ) Tj ET Q q 0 0 0 rg BT 204.08 280.70 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 236.57 280.70 Td (units ) Tj ET Q q 0 0 0 rg BT 258.52 280.70 Td (will ) Tj ET Q q 0 0 0 rg BT 276.57 280.70 Td (be ) Tj ET Q q 0 0 0 rg BT 288.51 280.70 Td (32 ) Tj ET Q q 0 0 0 rg BT 301.01 280.70 Td (months.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 244.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.07 244.70 Td (flexibility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.70 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.62 232.70 Td (the ) Tj ET Q q 0 0 0 rg BT 89.25 232.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 131.65 232.70 Td (of ) Tj ET Q q 0 0 0 rg BT 142.39 232.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 164.79 232.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 198.31 232.70 Td (has ) Tj ET Q q 0 0 0 rg BT 214.04 232.70 Td (secured ) Tj ET Q q 0 0 0 rg BT 246.99 232.70 Td (US$3.2 ) Tj ET Q q 0 0 0 rg BT 279.68 232.70 Td (billion ) Tj ET Q q 0 0 0 rg BT 308.20 232.70 Td (in ) Tj ET Q q 0 0 0 rg BT 318.38 232.70 Td (new ) Tj ET Q q 0 0 0 rg BT 337.45 232.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 377.62 232.70 Td (commitments ) Tj ET Q q 0 0 0 rg BT 434.47 232.70 Td (with ) Tj ET Q q 0 0 0 rg BT 454.65 232.70 Td (a ) Tj ET Q q 0 0 0 rg BT 461.50 232.70 Td (number ) Tj ET Q q 0 0 0 rg BT 494.45 232.70 Td (of ) Tj ET Q q 0 0 0 rg BT 505.19 232.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 534.25 232.70 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.84 220.70 Td (bank ) Tj ET Q q 0 0 0 rg BT 88.67 220.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 122.18 220.70 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 174.84 220.70 Td ( ) Tj ET Q q 0 0 0 rg BT 177.06 220.70 Td (This ) Tj ET Q q 0 0 0 rg BT 197.24 220.70 Td (level ) Tj ET Q q 0 0 0 rg BT 219.07 220.70 Td (of ) Tj ET Q q 0 0 0 rg BT 229.80 220.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 262.19 220.70 Td (was ) Tj ET Q q 0 0 0 rg BT 280.13 220.70 Td (pursued ) Tj ET Q q 0 0 0 rg BT 314.19 220.70 Td (in ) Tj ET Q q 0 0 0 rg BT 324.37 220.70 Td (order ) Tj ET Q q 0 0 0 rg BT 347.86 220.70 Td (to ) Tj ET Q q 0 0 0 rg BT 358.04 220.70 Td (position ) Tj ET Q q 0 0 0 rg BT 392.66 220.70 Td (the ) Tj ET Q q 0 0 0 rg BT 407.28 220.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 448.56 220.70 Td (in ) Tj ET Q q 0 0 0 rg BT 458.74 220.70 Td (the ) Tj ET Q q 0 0 0 rg BT 473.35 220.70 Td (best ) Tj ET Q q 0 0 0 rg BT 491.86 220.70 Td (possible ) Tj ET Q q 0 0 0 rg BT 527.03 220.70 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.70 Td (situation ) Tj ET Q q 0 0 0 rg BT 86.77 208.70 Td (in ) Tj ET Q q 0 0 0 rg BT 96.88 208.70 Td (light ) Tj ET Q q 0 0 0 rg BT 117.54 208.70 Td (of ) Tj ET Q q 0 0 0 rg BT 128.19 208.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.74 208.70 Td (current ) Tj ET Q q 0 0 0 rg BT 173.38 208.70 Td (market ) Tj ET Q q 0 0 0 rg BT 203.47 208.70 Td (environment. ) Tj ET Q q 0 0 0 rg BT 258.84 208.70 Td ( ) Tj ET Q q 0 0 0 rg BT 261.00 208.70 Td (W) Tj ET Q q 0 0 0 rg BT 269.63 208.70 Td (e ) Tj ET Q q 0 0 0 rg BT 276.40 208.70 Td (are ) Tj ET Q q 0 0 0 rg BT 290.93 208.70 Td (pleased ) Tj ET Q q 0 0 0 rg BT 323.25 208.70 Td (with ) Tj ET Q q 0 0 0 rg BT 343.35 208.70 Td (our ) Tj ET Q q 0 0 0 rg BT 359.01 208.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 386.89 208.70 Td (to ) Tj ET Q q 0 0 0 rg BT 396.99 208.70 Td (execute ) Tj ET Q q 0 0 0 rg BT 429.85 208.70 Td (across ) Tj ET Q q 0 0 0 rg BT 457.17 208.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 492.82 208.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 526.80 208.70 Td (in ) Tj ET Q q 0 0 0 rg BT 536.91 208.70 Td (a ) Tj ET Q q 0 0 0 rg BT 543.67 208.70 Td (tight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (time ) Tj ET Q q 0 0 0 rg BT 70.48 196.70 Td (frame ) Tj ET Q q 0 0 0 rg BT 96.50 196.70 Td (leaving ) Tj ET Q q 0 0 0 rg BT 128.63 196.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 162.44 196.70 Td (in ) Tj ET Q q 0 0 0 rg BT 172.92 196.70 Td (its ) Tj ET Q q 0 0 0 rg BT 185.08 196.70 Td (strongest ) Tj ET Q q 0 0 0 rg BT 223.89 196.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 261.57 196.70 Td (position ) Tj ET Q q 0 0 0 rg BT 296.50 196.70 Td (in ) Tj ET Q q 0 0 0 rg BT 306.99 196.70 Td (recent ) Tj ET Q q 0 0 0 rg BT 334.12 196.70 Td (memory) Tj ET Q q 0 0 0 rg BT 366.79 196.70 Td (. ) Tj ET Q q 0 0 0 rg BT 372.00 196.70 Td ( ) Tj ET Q q 0 0 0 rg BT 374.50 196.70 Td (W) Tj ET Q q 0 0 0 rg BT 383.14 196.70 Td (e ) Tj ET Q q 0 0 0 rg BT 390.28 196.70 Td (are ) Tj ET Q q 0 0 0 rg BT 405.19 196.70 Td (confident ) Tj ET Q q 0 0 0 rg BT 445.66 196.70 Td (that ) Tj ET Q q 0 0 0 rg BT 463.36 196.70 Td (this ) Tj ET Q q 0 0 0 rg BT 480.51 196.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 514.33 196.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 548.69 196.70 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 87.55 184.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 120.66 184.70 Td (with ) Tj ET Q q 0 0 0 rg BT 140.45 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 154.67 184.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.66 184.70 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 233.10 184.70 Td (to ) Tj ET Q q 0 0 0 rg BT 242.88 184.70 Td (take ) Tj ET Q q 0 0 0 rg BT 261.54 184.70 Td (advantage ) Tj ET Q q 0 0 0 rg BT 304.08 184.70 Td (of ) Tj ET Q q 0 0 0 rg BT 314.42 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 328.64 184.70 Td (current ) Tj ET Q q 0 0 0 rg BT 358.96 184.70 Td (market ) Tj ET Q q 0 0 0 rg BT 388.73 184.70 Td (environment ) Tj ET Q q 0 0 0 rg BT 441.28 184.70 Td (while ) Tj ET Q q 0 0 0 rg BT 465.50 184.70 Td (supporting ) Tj ET Q q 0 0 0 rg BT 510.29 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 524.51 184.70 Td (dividend, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.70 Td (rather ) Tj ET Q q 0 0 0 rg BT 75.82 172.70 Td (than ) Tj ET Q q 0 0 0 rg BT 95.53 172.70 Td (being ) Tj ET Q q 0 0 0 rg BT 120.25 172.70 Td (forced ) Tj ET Q q 0 0 0 rg BT 148.29 172.70 Td (to ) Tj ET Q q 0 0 0 rg BT 158.56 172.70 Td (take ) Tj ET Q q 0 0 0 rg BT 177.72 172.70 Td (defensive ) Tj ET Q q 0 0 0 rg BT 218.54 172.70 Td (actions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.70 Td (In ) Tj ET Q q 0 0 0 rg BT 60.21 148.70 Td (January) Tj ET Q q 0 0 0 rg BT 90.66 148.70 Td (, ) Tj ET Q q 0 0 0 rg BT 95.05 148.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.15 148.70 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 137.15 148.70 Td (IPO ) Tj ET Q q 0 0 0 rg BT 155.15 148.70 Td (of ) Tj ET Q q 0 0 0 rg BT 165.36 148.70 Td (North ) Tj ET Q q 0 0 0 rg BT 190.16 148.70 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 224.26 148.70 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 257.81 148.70 Td (\(NADL\) ) Tj ET Q q 0 0 0 rg BT 294.13 148.70 Td (at ) Tj ET Q q 0 0 0 rg BT 303.23 148.70 Td (US$9.25 ) Tj ET Q q 0 0 0 rg BT 340.39 148.70 Td (per ) Tj ET Q q 0 0 0 rg BT 355.05 148.70 Td (share ) Tj ET Q q 0 0 0 rg BT 378.03 148.70 Td (was ) Tj ET Q q 0 0 0 rg BT 395.47 148.70 Td (completed. ) Tj ET Q q 0 0 0 rg BT 441.50 148.70 Td ( ) Tj ET Q q 0 0 0 rg BT 443.39 148.70 Td (NADL) Tj ET Q q 0 0 0 rg BT 470.79 148.70 Td ( ) Tj ET Q q 0 0 0 rg BT 472.67 148.70 Td (raised ) Tj ET Q q 0 0 0 rg BT 498.44 148.70 Td (US$125 ) Tj ET Q q 0 0 0 rg BT 533.10 148.70 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.91 136.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 95.15 136.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 133.28 136.70 Td (in ) Tj ET Q q 0 0 0 rg BT 143.64 136.70 Td (order ) Tj ET Q q 0 0 0 rg BT 167.32 136.70 Td (to ) Tj ET Q q 0 0 0 rg BT 177.68 136.70 Td (further ) Tj ET Q q 0 0 0 rg BT 207.48 136.70 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 248.37 136.70 Td (NADL) Tj ET Q q 0 0 0 rg BT 275.22 136.70 Td () Tj ET Q q 0 0 0 rg BT 278.00 136.70 Td (s ) Tj ET Q q 0 0 0 rg BT 284.48 136.70 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 307.32 136.70 Td ( ) Tj ET Q q 0 0 0 rg BT 309.91 136.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 343.60 136.70 Td (participated ) Tj ET Q q 0 0 0 rg BT 393.38 136.70 Td (with ) Tj ET Q q 0 0 0 rg BT 413.74 136.70 Td (the ) Tj ET Q q 0 0 0 rg BT 428.54 136.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 466.66 136.70 Td (of ) Tj ET Q q 0 0 0 rg BT 477.58 136.70 Td (US$25 ) Tj ET Q q 0 0 0 rg BT 507.95 136.70 Td (million ) Tj ET Q q 0 0 0 rg BT 539.42 136.70 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 136.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 77.90 124.70 Td (of) Tj ET Q q 0 0 0 rg BT 86.05 124.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 112.83 124.70 Td (in ) Tj ET Q q 0 0 0 rg BT 123.52 124.70 Td (order ) Tj ET Q q 0 0 0 rg BT 147.53 124.70 Td (to ) Tj ET Q q 0 0 0 rg BT 158.21 124.70 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 209.99 124.70 Td (its ) Tj ET Q q 0 0 0 rg BT 222.34 124.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 264.68 124.70 Td (support ) Tj ET Q q 0 0 0 rg BT 297.59 124.70 Td (of ) Tj ET Q q 0 0 0 rg BT 308.83 124.70 Td (an ) Tj ET Q q 0 0 0 rg BT 321.17 124.70 Td (important ) Tj ET Q q 0 0 0 rg BT 362.96 124.70 Td (part ) Tj ET Q q 0 0 0 rg BT 381.42 124.70 Td (of ) Tj ET Q q 0 0 0 rg BT 392.65 124.70 Td (the ) Tj ET Q q 0 0 0 rg BT 407.78 124.70 Td (Group. ) Tj ET Q q 0 0 0 rg BT 438.73 124.70 Td ( ) Tj ET Q q 0 0 0 rg BT 441.64 124.70 Td (In ) Tj ET Q q 0 0 0 rg BT 452.88 124.70 Td (addition ) Tj ET Q q 0 0 0 rg BT 488.56 124.70 Td (to ) Tj ET Q q 0 0 0 rg BT 499.24 124.70 Td (the ) Tj ET Q q 0 0 0 rg BT 514.37 124.70 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 543.39 124.70 Td (IPO, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.70 Td (NADL) Tj ET Q q 0 0 0 rg BT 77.40 112.70 Td ( ) Tj ET Q q 0 0 0 rg BT 79.30 112.70 Td (also ) Tj ET Q q 0 0 0 rg BT 97.31 112.70 Td (raised ) Tj ET Q q 0 0 0 rg BT 123.09 112.70 Td (US$600 ) Tj ET Q q 0 0 0 rg BT 157.77 112.70 Td (million ) Tj ET Q q 0 0 0 rg BT 188.56 112.70 Td (in ) Tj ET Q q 0 0 0 rg BT 198.24 112.70 Td (the ) Tj ET Q q 0 0 0 rg BT 212.35 112.70 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 254.79 112.70 Td (US ) Tj ET Q q 0 0 0 rg BT 269.47 112.70 Td (Bond ) Tj ET Q q 0 0 0 rg BT 293.04 112.70 Td (market. ) Tj ET Q q 0 0 0 rg BT 325.21 112.70 Td ( ) Tj ET Q q 0 0 0 rg BT 326.97 112.70 Td (The ) Tj ET Q q 0 0 0 rg BT 344.41 112.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 377.97 112.70 Td (use ) Tj ET Q q 0 0 0 rg BT 393.20 112.70 Td (of ) Tj ET Q q 0 0 0 rg BT 403.43 112.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 440.86 112.70 Td (was ) Tj ET Q q 0 0 0 rg BT 458.31 112.70 Td (to ) Tj ET Q q 0 0 0 rg BT 467.99 112.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 492.10 112.70 Td (a ) Tj ET Q q 0 0 0 rg BT 498.44 112.70 Td (US$500 ) Tj ET Q q 0 0 0 rg BT 533.12 112.70 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.70 Td (7.75% ) Tj ET Q q 0 0 0 rg BT 78.31 100.70 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 121.33 100.70 Td (bond ) Tj ET Q q 0 0 0 rg BT 143.81 100.70 Td (due ) Tj ET Q q 0 0 0 rg BT 160.73 100.70 Td (in ) Tj ET Q q 0 0 0 rg BT 170.99 100.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 193.48 100.70 Td (held ) Tj ET Q q 0 0 0 rg BT 213.17 100.70 Td (by ) Tj ET Q q 0 0 0 rg BT 225.66 100.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 259.24 100.70 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 295.88 100.70 Td ( ) Tj ET Q q 0 0 0 rg BT 298.19 100.70 Td (The ) Tj ET Q q 0 0 0 rg BT 316.21 100.70 Td (bond ) Tj ET Q q 0 0 0 rg BT 338.70 100.70 Td (priced ) Tj ET Q q 0 0 0 rg BT 366.16 100.70 Td (at ) Tj ET Q q 0 0 0 rg BT 375.86 100.70 Td (6.25%, ) Tj ET Q q 0 0 0 rg BT 406.67 100.70 Td (saving ) Tj ET Q q 0 0 0 rg BT 435.27 100.70 Td (NADL) Tj ET Q q 0 0 0 rg BT 462.67 100.70 Td ( ) Tj ET Q q 0 0 0 rg BT 465.15 100.70 Td (150 ) Tj ET Q q 0 0 0 rg BT 482.63 100.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 505.11 100.70 Td (points ) Tj ET Q q 0 0 0 rg BT 532.04 100.70 Td (relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.70 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 88.70 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 88.70 Td (previous ) Tj ET Q q 0 0 0 rg BT 111.93 88.70 Td (bond.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.70 Td (In ) Tj ET Q q 0 0 0 rg BT 60.40 64.70 Td (February) Tj ET Q q 0 0 0 rg BT 95.85 64.70 Td (, ) Tj ET Q q 0 0 0 rg BT 100.42 64.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 133.59 64.70 Td (Partners ) Tj ET Q q 0 0 0 rg BT 168.42 64.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 212.14 64.70 Td (a ) Tj ET Q q 0 0 0 rg BT 218.65 64.70 Td (US$1.8 ) Tj ET Q q 0 0 0 rg BT 251.00 64.70 Td (billion ) Tj ET Q q 0 0 0 rg BT 279.03 64.70 Td (T) Tj ET Q q 0 0 0 rg BT 284.44 64.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 302.06 64.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 324.67 64.70 Td (B ) Tj ET Q q 0 0 0 rg BT 333.41 64.70 Td (with ) Tj ET Q q 0 0 0 rg BT 353.25 64.70 Td (a ) Tj ET Q q 0 0 0 rg BT 359.76 64.70 Td (US$100 ) Tj ET Q q 0 0 0 rg BT 394.61 64.70 Td (million ) Tj ET Q q 0 0 0 rg BT 425.57 64.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 465.96 64.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 490.80 64.70 Td (facility) Tj ET Q q 0 0 0 rg BT 518.47 64.70 Td (. ) Tj ET Q q 0 0 0 rg BT 523.03 64.70 Td ( ) Tj ET Q q 0 0 0 rg BT 524.95 64.70 Td (The ) Tj ET Q q 0 0 0 rg BT 542.57 64.70 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.70 Td (back ) Tj ET Q q 0 0 0 rg BT 70.91 52.70 Td (to ) Tj ET Q q 0 0 0 rg BT 80.71 52.70 Td (back ) Tj ET Q q 0 0 0 rg BT 101.62 52.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 120.86 52.70 Td (structure ) Tj ET Q q 0 0 0 rg BT 157.88 52.70 Td (with ) Tj ET Q q 0 0 0 rg BT 177.69 52.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 210.82 52.70 Td (Limited ) Tj ET Q q 0 0 0 rg BT 244.51 52.70 Td (had ) Tj ET Q q 0 0 0 rg BT 260.97 52.70 Td (an ) Tj ET Q q 0 0 0 rg BT 272.44 52.70 Td (aggressive ) Tj ET Q q 0 0 0 rg BT 316.68 52.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 369.24 52.70 Td (profile ) Tj ET Q q 0 0 0 rg BT 397.93 52.70 Td (that ) Tj ET Q q 0 0 0 rg BT 414.95 52.70 Td (was ) Tj ET Q q 0 0 0 rg BT 432.53 52.70 Td (not ) Tj ET Q q 0 0 0 rg BT 447.34 52.70 Td (optimal ) Tj ET Q q 0 0 0 rg BT 479.92 52.70 Td (for ) Tj ET Q q 0 0 0 rg BT 493.61 52.70 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 526.74 52.70 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 564.51 52.70 Td ( ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.08 742.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 83.94 742.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 137.00 742.10 Td (profile ) Tj ET Q q 0 0 0 rg BT 166.19 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.05 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.79 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 210.98 742.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 241.83 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 259.92 742.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 301.88 742.10 Td (distributable ) Tj ET Q q 0 0 0 rg BT 354.39 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 374.69 742.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 395.55 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.52 742.10 Td (create ) Tj ET Q q 0 0 0 rg BT 438.91 742.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 481.43 742.10 Td (headroom ) Tj ET Q q 0 0 0 rg BT 523.95 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.13 742.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 102.70 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.12 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 115.87 730.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 165.51 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 185.71 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 202.58 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 210.73 730.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 237.03 730.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 270.56 730.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 305.75 730.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 342.61 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.47 730.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 374.66 730.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 400.40 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.16 730.10 Td (BB-. ) Tj ET Q q 0 0 0 rg BT 432.75 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.00 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 443.64 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 450.50 730.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 481.79 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.21 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 509.97 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.83 730.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 539.24 730.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.60 718.10 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 120.67 718.10 Td (access ) Tj ET Q q 0 0 0 rg BT 148.71 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.99 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.93 718.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 194.54 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.37 718.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 238.97 718.10 Td (will ) Tj ET Q q 0 0 0 rg BT 257.03 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.97 718.10 Td (improved, ) Tj ET Q q 0 0 0 rg BT 312.29 718.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 331.46 718.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 375.06 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 412.54 718.10 Td (flexibility) Tj ET Q q 0 0 0 rg BT 451.33 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 456.33 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 694.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 114.62 694.10 Td (released ) Tj ET Q q 0 0 0 rg BT 149.98 694.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 210.34 694.10 Td (US$540 ) Tj ET Q q 0 0 0 rg BT 245.72 694.10 Td (million ) Tj ET Q q 0 0 0 rg BT 277.22 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.48 694.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 325.18 694.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 359.44 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 372.05 694.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 420.18 694.10 Td (related ) Tj ET Q q 0 0 0 rg BT 449.98 694.10 Td (party ) Tj ET Q q 0 0 0 rg BT 473.13 694.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 496.84 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.88 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.70 694.10 Td (revolver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.71 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.85 682.10 Td (public ) Tj ET Q q 0 0 0 rg BT 103.78 682.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 140.86 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.79 682.10 Td (During ) Tj ET Q q 0 0 0 rg BT 175.05 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.20 682.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 233.66 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.92 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.07 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 280.21 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 294.79 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 313.28 682.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 350.64 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.35 682.10 Td (explore ) Tj ET Q q 0 0 0 rg BT 394.27 682.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 434.96 682.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 483.98 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.69 682.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 534.81 682.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (party ) Tj ET Q q 0 0 0 rg BT 73.05 670.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 92.76 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 102.48 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.20 670.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 150.80 670.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 186.07 670.10 Td (level ) Tj ET Q q 0 0 0 rg BT 208.00 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.94 670.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 261.88 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.15 670.10 Td (release ) Tj ET Q q 0 0 0 rg BT 302.41 670.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 331.56 670.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 375.15 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.43 670.10 Td (dropdown ) Tj ET Q q 0 0 0 rg BT 438.48 670.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 488.75 670.10 Td (already ) Tj ET Q q 0 0 0 rg BT 520.67 670.10 Td (executed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.63 646.10 Td (March, ) Tj ET Q q 0 0 0 rg BT 91.53 646.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 124.94 646.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 143.91 646.10 Td (all ) Tj ET Q q 0 0 0 rg BT 156.21 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.84 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.36 646.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 225.32 646.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 260.95 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.03 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.55 646.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 316.73 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.03 646.10 Td (own ) Tj ET Q q 0 0 0 rg BT 353.55 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.30 646.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 402.02 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.54 646.10 Td (drillship, ) Tj ET Q q 0 0 0 rg BT 454.68 646.10 Td (the) Tj ET Q q 0 0 0 rg BT 469.21 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.85 646.10 Td (est ) Tj ET Q q 0 0 0 rg BT 490.75 646.10 Td (Auriga ) Tj ET Q q 0 0 0 rg BT 520.82 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.91 646.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 91.28 634.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 129.24 634.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 151.92 634.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 184.31 634.10 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 220.17 634.10 Td (51% ) Tj ET Q q 0 0 0 rg BT 239.79 634.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 267.75 634.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 308.21 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 312.00 634.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 344.39 634.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 366.80 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.31 634.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 422.14 634.10 Td (49% ) Tj ET Q q 0 0 0 rg BT 441.76 634.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 472.49 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.56 634.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 522.83 634.10 Td (Holdings. ) Tj ET Q q 0 0 0 rg BT 564.50 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 622.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 101.40 622.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 119.60 622.10 Td (price ) Tj ET Q q 0 0 0 rg BT 142.24 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.23 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.51 622.10 Td (Auriga ) Tj ET Q q 0 0 0 rg BT 197.35 622.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 246.66 622.10 Td (was ) Tj ET Q q 0 0 0 rg BT 264.87 622.10 Td ($1.24 ) Tj ET Q q 0 0 0 rg BT 290.02 622.10 Td (billion. ) Tj ET Q q 0 0 0 rg BT 321.29 622.10 Td (In ) Tj ET Q q 0 0 0 rg BT 334.77 622.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 384.63 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 405.07 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.94 622.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 468.96 622.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 502.72 622.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 538.14 622.10 Td (raised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (US$416 ) Tj ET Q q 0 0 0 rg BT 86.05 610.10 Td (million ) Tj ET Q q 0 0 0 rg BT 118.22 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.27 610.10 Td (equity) Tj ET Q q 0 0 0 rg BT 153.61 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 159.38 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.66 610.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 197.03 610.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 228.61 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.66 610.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 285.13 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.18 610.10 Td (US$50 ) Tj ET Q q 0 0 0 rg BT 327.24 610.10 Td (million ) Tj ET Q q 0 0 0 rg BT 359.40 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.49 610.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 414.76 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 422.91 610.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 450.05 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.10 610.10 Td (order ) Tj ET Q q 0 0 0 rg BT 485.47 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.52 610.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 548.67 610.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 95.81 598.10 Td (support ) Tj ET Q q 0 0 0 rg BT 128.84 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.53 598.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 177.67 598.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 213.47 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.95 598.10 Td (based ) Tj ET Q q 0 0 0 rg BT 256.75 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 269.78 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.03 598.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 342.49 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.85 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.10 598.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 418.52 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.33 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 439.91 598.10 Td (total ) Tj ET Q q 0 0 0 rg BT 460.72 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.52 598.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 520.09 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.90 598.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 92.63 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.60 586.10 Td (US$305 ) Tj ET Q q 0 0 0 rg BT 139.58 586.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 174.16 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.12 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 185.76 586.10 Td (e ) Tj ET Q q 0 0 0 rg BT 193.39 586.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 222.68 586.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 265.86 586.10 Td (dropdowns ) Tj ET Q q 0 0 0 rg BT 313.50 586.10 Td (at ) Tj ET Q q 0 0 0 rg BT 323.91 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 336.54 586.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 384.69 586.10 Td (pace. ) Tj ET Q q 0 0 0 rg BT 408.70 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.89 586.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 446.19 586.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 482.15 586.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 519.78 586.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 574.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 129.42 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 139.14 574.10 Td (an ) Tj ET Q q 0 0 0 rg BT 151.07 574.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 190.77 574.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 209.38 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.21 574.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 249.36 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.30 574.10 Td (is ) Tj ET Q q 0 0 0 rg BT 275.47 574.10 Td (an ) Tj ET Q q 0 0 0 rg BT 287.41 574.10 Td (important ) Tj ET Q q 0 0 0 rg BT 328.79 574.10 Td (part ) Tj ET Q q 0 0 0 rg BT 346.84 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.67 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.38 574.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 405.99 574.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 434.04 574.10 Td (going ) Tj ET Q q 0 0 0 rg BT 459.32 574.10 Td (forward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.84 550.10 Td (share ) Tj ET Q q 0 0 0 rg BT 91.23 550.10 Td (price ) Tj ET Q q 0 0 0 rg BT 113.51 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.14 550.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 157.53 550.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 192.60 550.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 234.32 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 246.07 550.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 280.03 550.10 Td (development ) Tj ET Q q 0 0 0 rg BT 333.97 550.10 Td (since ) Tj ET Q q 0 0 0 rg BT 356.81 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.32 550.10 Td (IPO ) Tj ET Q q 0 0 0 rg BT 389.73 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.80 550.10 Td (October ) Tj ET Q q 0 0 0 rg BT 434.30 550.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 458.93 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.77 550.10 Td (share ) Tj ET Q q 0 0 0 rg BT 500.16 550.10 Td (price ) Tj ET Q q 0 0 0 rg BT 522.44 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 533.07 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 550.10 Td (May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (27 ) Tj ET Q q 0 0 0 rg BT 62.50 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 71.67 538.10 Td (US$30.66 ) Tj ET Q q 0 0 0 rg BT 114.45 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.39 538.10 Td (values ) Tj ET Q q 0 0 0 rg BT 159.44 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.16 538.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 206.10 538.10 Td (units ) Tj ET Q q 0 0 0 rg BT 228.05 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.33 538.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 271.93 538.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 307.20 538.10 Td (at ) Tj ET Q q 0 0 0 rg BT 316.91 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.85 538.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 368.56 538.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 407.17 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.45 538.10 Td (seadrill) Tj ET Q q 0 0 0 rg BT 451.33 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 457.72 538.10 Td (current ) Tj ET Q q 0 0 0 rg BT 488.54 538.10 Td (valuation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Additionally ) Tj ET Q q 0 0 0 rg BT 103.57 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.37 514.10 Td (March, ) Tj ET Q q 0 0 0 rg BT 145.99 514.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 180.11 514.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 224.78 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.02 514.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 284.13 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.48 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.94 514.10 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 318.46 514.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 347.59 514.10 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 384.50 514.10 Td (Kroner ) Tj ET Q q 0 0 0 rg BT 415.84 514.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 459.40 514.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 482.42 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.22 514.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 525.10 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.34 514.10 Td (NOK ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 70.96 502.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 100.54 502.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 124.00 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 142.46 502.10 Td (matured ) Tj ET Q q 0 0 0 rg BT 178.68 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.92 502.10 Td (February) Tj ET Q q 0 0 0 rg BT 225.37 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.33 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.54 502.10 Td (This ) Tj ET Q q 0 0 0 rg BT 255.79 502.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 299.78 502.10 Td (seadrill) Tj ET Q q 0 0 0 rg BT 333.67 502.10 Td (s ) Tj ET Q q 0 0 0 rg BT 341.02 502.10 Td (first ) Tj ET Q q 0 0 0 rg BT 360.59 502.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 397.93 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.17 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.85 502.10 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 462.20 502.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 485.66 502.10 Td (market ) Tj ET Q q 0 0 0 rg BT 516.89 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.79 502.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (enhances ) Tj ET Q q 0 0 0 rg BT 89.33 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.23 490.10 Td (Company) Tj ET Q q 0 0 0 rg BT 145.89 490.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.47 490.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.13 490.10 Td (flexibility) Tj ET Q q 0 0 0 rg BT 228.92 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 234.10 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.59 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 254.82 490.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 277.50 490.10 Td (priced ) Tj ET Q q 0 0 0 rg BT 305.17 490.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.06 490.10 Td (an ) Tj ET Q q 0 0 0 rg BT 327.19 490.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 355.70 490.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 384.48 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.94 490.10 Td (STIBOR ) Tj ET Q q 0 0 0 rg BT 433.18 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.30 490.10 Td (was ) Tj ET Q q 0 0 0 rg BT 468.54 490.10 Td (swapped ) Tj ET Q q 0 0 0 rg BT 506.21 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.67 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.79 490.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 547.02 490.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 478.10 Td (5.2%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 97.78 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.22 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.11 454.10 Td (end ) Tj ET Q q 0 0 0 rg BT 137.21 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.21 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.09 454.10 Td (first ) Tj ET Q q 0 0 0 rg BT 178.87 454.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 206.78 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.95 454.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 243.72 454.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 262.06 454.10 Td (230 ) Tj ET Q q 0 0 0 rg BT 278.73 454.10 Td (million ) Tj ET Q q 0 0 0 rg BT 309.29 454.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 335.94 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.94 454.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 410.35 454.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 439.24 454.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 498.66 454.10 Td (US$300 ) Tj ET Q q 0 0 0 rg BT 533.12 454.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.06 442.10 Td (proceeds. ) Tj ET Q q 0 0 0 rg BT 102.72 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.56 442.10 Td (total ) Tj ET Q q 0 0 0 rg BT 140.62 442.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 181.78 442.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 201.28 442.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 235.21 442.10 Td (from ) Tj ET Q q 0 0 0 rg BT 256.93 442.10 Td (this ) Tj ET Q q 0 0 0 rg BT 273.67 442.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 291.50 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.46 442.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 360.50 442.10 Td (US$165 ) Tj ET Q q 0 0 0 rg BT 395.57 442.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 431.75 442.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 475.15 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.66 442.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 536.93 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.55 442.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.42 430.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 130.07 430.10 Td (will ) Tj ET Q q 0 0 0 rg BT 148.17 430.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 185.15 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.48 430.10 Td (own ) Tj ET Q q 0 0 0 rg BT 215.24 430.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 275.55 430.10 Td (490 ) Tj ET Q q 0 0 0 rg BT 293.10 430.10 Td (million ) Tj ET Q q 0 0 0 rg BT 324.53 430.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 354.57 430.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 406.54 430.10 Td (an ) Tj ET Q q 0 0 0 rg BT 418.53 430.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 471.05 430.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 486.93 430.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 531.14 430.10 Td (stake ) Tj ET Q q 0 0 0 rg BT 554.23 430.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (SapuraKencana. ) Tj ET Q q 0 0 0 rg BT 118.00 418.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 151.87 418.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 186.28 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.48 418.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 235.67 418.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 272.30 418.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 307.28 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.81 418.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 383.32 418.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 403.01 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.55 418.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 460.18 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 480.72 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.69 418.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 516.50 418.10 Td (has ) Tj ET Q q 0 0 0 rg BT 532.59 418.10 Td (entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.52 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.92 406.10 Td (lock ) Tj ET Q q 0 0 0 rg BT 93.10 406.10 Td (up ) Tj ET Q q 0 0 0 rg BT 105.06 406.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 148.66 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.28 406.10 Td (its ) Tj ET Q q 0 0 0 rg BT 173.69 406.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 216.20 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.15 406.10 Td (until ) Tj ET Q q 0 0 0 rg BT 263.45 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.63 406.10 Td (end ) Tj ET Q q 0 0 0 rg BT 294.03 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.32 406.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 331.28 406.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 364.35 406.10 Td (will ) Tj ET Q q 0 0 0 rg BT 381.86 406.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 418.26 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.00 406.10 Td (support ) Tj ET Q q 0 0 0 rg BT 459.96 406.10 Td (SapuraKencana's ) Tj ET Q q 0 0 0 rg BT 530.36 406.10 Td (strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 394.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 96.66 394.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.61 394.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 133.88 394.10 Td (of) Tj ET Q q 0 0 0 rg BT 142.03 394.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 169.52 394.10 Td (service ) Tj ET Q q 0 0 0 rg BT 200.33 394.10 Td (portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (seadrill is in the process of completing the funding for three of the 2014 deliveries, the ) Tj ET Q q 0 0 0 rg BT 400.00 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 408.64 370.10 Td (est Saturn, ) Tj ET Q q 0 0 0 rg BT 453.18 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 461.82 370.10 Td (est Neptune, and ) Tj ET Q q 0 0 0 rg BT 531.06 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 539.70 370.10 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Jupiter with anticipated signing of the agreement during the second quarter of 2014. ) Tj ET Q q 0 0 0 rg BT 392.69 358.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 442.59 358.10 Td (, we have received positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (indications to support the funding of the remaining newbuilds to be delivered from shipyards in South Korea, Singapore and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (China, which is currently under consideration. ) Tj ET Q q 0 0 0 rg BT 240.05 334.10 Td (These indications are based on a combination of ECA) Tj ET Q q 0 0 0 rg BT 454.99 334.10 Td ( and commercial bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (solutions similar to the ECA) Tj ET Q q 0 0 0 rg BT 163.33 322.10 Td ( facility agreement that is in the process of finalizing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.55 298.10 Td (took ) Tj ET Q q 0 0 0 rg BT 103.78 298.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 139.00 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.89 298.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 192.76 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.65 298.10 Td (total ) Tj ET Q q 0 0 0 rg BT 219.88 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.66 298.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 238.11 298.10 Td (newbuilds ) Tj ET Q q 0 0 0 rg BT 281.67 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.90 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.57 298.10 Td (first ) Tj ET Q q 0 0 0 rg BT 325.13 298.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 355.89 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.67 298.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 389.13 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.02 298.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 438.45 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.68 298.10 Td (take ) Tj ET Q q 0 0 0 rg BT 467.79 298.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 503.00 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.78 298.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 521.24 298.10 Td (during ) Tj ET Q q 0 0 0 rg BT 549.79 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 92.84 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.47 286.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 128.28 286.10 Td (1) Tj ET Q q 0 0 0 rg BT 132.91 286.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 140.22 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.30 286.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 175.11 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.85 286.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 199.16 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.24 286.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 234.05 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.19 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 244.82 286.10 Td (e ) Tj ET Q q 0 0 0 rg BT 251.57 286.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 288.31 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.39 286.10 Td (view ) Tj ET Q q 0 0 0 rg BT 320.14 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.66 286.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 367.50 286.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 389.25 286.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 422.66 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.41 286.10 Td (ECA) Tj ET Q q 0 0 0 rg BT 458.86 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.16 286.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 495.12 286.10 Td (as ) Tj ET Q q 0 0 0 rg BT 505.76 286.10 Td (best ) Tj ET Q q 0 0 0 rg BT 524.17 286.10 Td (suited ) Tj ET Q q 0 0 0 rg BT 550.37 286.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 274.10 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 105.55 274.10 Td (program ) Tj ET Q q 0 0 0 rg BT 141.92 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.86 274.10 Td (look ) Tj ET Q q 0 0 0 rg BT 179.14 274.10 Td (opportunistically ) Tj ET Q q 0 0 0 rg BT 249.41 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.69 274.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 299.38 274.10 Td (these ) Tj ET Q q 0 0 0 rg BT 322.43 274.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 359.36 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.63 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.35 274.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 413.50 274.10 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.29 250.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 101.25 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.33 250.10 Td (seadrill's ) Tj ET Q q 0 0 0 rg BT 149.87 250.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 174.38 250.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 214.45 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.98 250.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.16 250.10 Td (appreciated ) Tj ET Q q 0 0 0 rg BT 282.99 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 294.73 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.69 250.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 329.88 250.10 Td (market ) Tj ET Q q 0 0 0 rg BT 359.39 250.10 Td (where ) Tj ET Q q 0 0 0 rg BT 385.56 250.10 Td (we ) Tj ET Q q 0 0 0 rg BT 398.97 250.10 Td (have ) Tj ET Q q 0 0 0 rg BT 419.59 250.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 469.64 250.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 513.59 250.10 Td (new ) Tj ET Q q 0 0 0 rg BT 532.00 250.10 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 85.73 238.10 Td (at ) Tj ET Q q 0 0 0 rg BT 95.36 238.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 134.97 238.10 Td (mar) Tj ET Q q 0 0 0 rg BT 150.34 238.10 Td (gins. ) Tj ET Q q 0 0 0 rg BT 171.92 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.17 238.10 Td (The ) Tj ET Q q 0 0 0 rg BT 192.13 238.10 Td (level ) Tj ET Q q 0 0 0 rg BT 213.98 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 228.05 238.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 256.02 238.10 Td (term ) Tj ET Q q 0 0 0 rg BT 276.76 238.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 316.94 238.10 Td (has ) Tj ET Q q 0 0 0 rg BT 332.68 238.10 Td (been ) Tj ET Q q 0 0 0 rg BT 353.98 238.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 388.04 238.10 Td (from ) Tj ET Q q 0 0 0 rg BT 409.89 238.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 470.07 238.10 Td (2.75-3% ) Tj ET Q q 0 0 0 rg BT 506.64 238.10 Td (above ) Tj ET Q q 0 0 0 rg BT 532.94 238.10 Td (Libor ) Tj ET Q q 0 0 0 rg BT 557.57 238.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.42 226.10 Td (ago ) Tj ET Q q 0 0 0 rg BT 86.07 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.06 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.71 226.10 Td (level ) Tj ET Q q 0 0 0 rg BT 124.36 226.10 Td (between ) Tj ET Q q 0 0 0 rg BT 159.88 226.10 Td (2-2.25% ) Tj ET Q q 0 0 0 rg BT 196.25 226.10 Td (today) Tj ET Q q 0 0 0 rg BT 217.82 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 222.53 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.59 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 233.22 226.10 Td (e ) Tj ET Q q 0 0 0 rg BT 239.87 226.10 Td (see ) Tj ET Q q 0 0 0 rg BT 254.85 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.28 226.10 Td (banks' ) Tj ET Q q 0 0 0 rg BT 296.63 226.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 336.59 226.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 382.67 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.21 226.10 Td (supportive ) Tj ET Q q 0 0 0 rg BT 437.64 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.63 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.17 226.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 497.04 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.58 226.10 Td (concentrating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.62 214.10 Td (modern ) Tj ET Q q 0 0 0 rg BT 97.79 214.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.74 214.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 167.80 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 181.42 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.48 214.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 218.10 214.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 253.37 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 276.43 214.10 Td (first ) Tj ET Q q 0 0 0 rg BT 296.16 214.10 Td (class ) Tj ET Q q 0 0 0 rg BT 319.22 214.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 365.89 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.51 214.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 417.01 214.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 440.07 214.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 477.00 214.10 Td (has ) Tj ET Q q 0 0 0 rg BT 493.95 214.10 Td (been ) Tj ET Q q 0 0 0 rg BT 516.45 214.10 Td (freed ) Tj ET Q q 0 0 0 rg BT 540.61 214.10 Td (up ) Tj ET Q q 0 0 0 rg BT 554.23 214.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.37 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.65 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.37 202.10 Td (term ) Tj ET Q q 0 0 0 rg BT 152.19 202.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 171.91 202.10 Td (B ) Tj ET Q q 0 0 0 rg BT 181.08 202.10 Td (financing. ) Tj ET Q q 0 0 0 rg BT 223.84 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.16 202.10 Td (This ) Tj ET Q q 0 0 0 rg BT 246.44 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 255.61 202.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 280.88 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.16 202.10 Td (create ) Tj ET Q q 0 0 0 rg BT 317.52 202.10 Td (further ) Tj ET Q q 0 0 0 rg BT 347.23 202.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 386.93 202.10 Td (opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.59 178.10 Td (has ) Tj ET Q q 0 0 0 rg BT 99.41 178.10 Td (made ) Tj ET Q q 0 0 0 rg BT 123.56 178.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 168.26 178.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 204.63 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.90 178.10 Td (diversifying ) Tj ET Q q 0 0 0 rg BT 265.72 178.10 Td (its ) Tj ET Q q 0 0 0 rg BT 277.66 178.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 310.14 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.96 178.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 354.56 178.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 373.72 178.10 Td (far ) Tj ET Q q 0 0 0 rg BT 387.30 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.57 178.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 422.56 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.87 178.10 Td (The ) Tj ET Q q 0 0 0 rg BT 442.91 178.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 484.29 178.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 526.21 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.48 178.10 Td (access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.32 166.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 106.96 166.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 129.07 166.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 161.44 166.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 194.08 166.10 Td (ECA) Tj ET Q q 0 0 0 rg BT 213.53 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.63 166.10 Td (funding, ) Tj ET Q q 0 0 0 rg BT 251.34 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.89 166.10 Td (MLP) Tj ET Q q 0 0 0 rg BT 288.08 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.18 166.10 Td (dropdowns, ) Tj ET Q q 0 0 0 rg BT 339.23 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.11 166.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 383.99 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.87 166.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 427.08 166.10 Td (Parters ) Tj ET Q q 0 0 0 rg BT 456.95 166.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 496.83 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.37 166.10 Td (BB- ) Tj ET Q q 0 0 0 rg BT 522.15 166.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 547.58 166.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 80.15 154.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.39 154.10 Td (term ) Tj ET Q q 0 0 0 rg BT 106.53 154.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 125.55 154.10 Td (B ) Tj ET Q q 0 0 0 rg BT 134.03 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.62 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.64 154.10 Td (US ) Tj ET Q q 0 0 0 rg BT 172.23 154.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 204.31 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.11 154.10 Td (Going ) Tj ET Q q 0 0 0 rg BT 232.92 154.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 266.38 154.10 Td (we ) Tj ET Q q 0 0 0 rg BT 279.85 154.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 307.75 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.34 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.58 154.10 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 383.16 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.75 154.10 Td (all ) Tj ET Q q 0 0 0 rg BT 404.55 154.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 438.02 154.10 Td (we ) Tj ET Q q 0 0 0 rg BT 451.49 154.10 Td (are ) Tj ET Q q 0 0 0 rg BT 465.50 154.10 Td (active ) Tj ET Q q 0 0 0 rg BT 491.18 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.77 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.01 154.10 Td (continually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (look ) Tj ET Q q 0 0 0 rg BT 70.55 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 84.98 142.10 Td (innovative ) Tj ET Q q 0 0 0 rg BT 129.96 142.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 163.84 142.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 196.60 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.15 142.10 Td (order ) Tj ET Q q 0 0 0 rg BT 231.02 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.56 142.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 277.66 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.65 142.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 311.52 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.73 142.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 376.49 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.59 142.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 417.01 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.56 142.10 Td (seadrill. ) Tj ET Q q 0 0 0 rg BT 463.93 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.50 142.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.82 142.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 512.03 142.10 Td (is ) Tj ET Q q 0 0 0 rg BT 521.47 142.10 Td (pleased ) Tj ET Q q 0 0 0 rg BT 554.22 142.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (observe ) Tj ET Q q 0 0 0 rg BT 83.41 130.10 Td (that ) Tj ET Q q 0 0 0 rg BT 100.72 130.10 Td (seadrill) Tj ET Q q 0 0 0 rg BT 134.60 130.10 Td (s ) Tj ET Q q 0 0 0 rg BT 140.80 130.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.09 130.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 219.84 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.59 130.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 272.79 130.10 Td (position ) Tj ET Q q 0 0 0 rg BT 307.33 130.10 Td (has ) Tj ET Q q 0 0 0 rg BT 322.97 130.10 Td (never ) Tj ET Q q 0 0 0 rg BT 347.49 130.10 Td (been ) Tj ET Q q 0 0 0 rg BT 368.68 130.10 Td (stronger ) Tj ET Q q 0 0 0 rg BT 403.76 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.51 130.10 Td (wants ) Tj ET Q q 0 0 0 rg BT 446.15 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.24 130.10 Td (give ) Tj ET Q q 0 0 0 rg BT 475.77 130.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 500.84 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.93 130.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.12 118.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 112.57 118.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 150.25 118.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.59 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.49 118.10 Td (results ) Tj ET Q q 0 0 0 rg BT 208.28 118.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 249.00 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.49 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 269.72 118.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 296.84 118.10 Td (is ) Tj ET Q q 0 0 0 rg BT 306.19 118.10 Td (confident ) Tj ET Q q 0 0 0 rg BT 346.64 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 364.32 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.22 118.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 422.44 118.10 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 462.34 118.10 Td (program ) Tj ET Q q 0 0 0 rg BT 498.90 118.10 Td (can ) Tj ET Q q 0 0 0 rg BT 515.46 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.58 118.10 Td (financed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (without ) Tj ET Q q 0 0 0 rg BT 83.19 106.10 Td (tapping ) Tj ET Q q 0 0 0 rg BT 115.81 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.66 106.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 158.29 106.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 191.18 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.81 106.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 213.10 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.51 106.10 Td (lar) Tj ET Q q 0 0 0 rg BT 233.88 106.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 245.95 106.10 Td (part ) Tj ET Q q 0 0 0 rg BT 264.13 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.54 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.38 106.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 323.12 106.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 355.74 106.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 393.91 106.10 Td (during ) Tj ET Q q 0 0 0 rg BT 422.65 106.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 445.28 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.35 106.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 481.65 106.10 Td (far ) Tj ET Q q 0 0 0 rg BT 495.38 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.79 106.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 530.92 106.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 94.10 Td (well ) Tj ET Q q 0 0 0 rg BT 78.89 94.10 Td (positioned ) Tj ET Q q 0 0 0 rg BT 123.05 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.33 94.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 167.48 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.19 94.10 Td (current ) Tj ET Q q 0 0 0 rg BT 213.01 94.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 262.16 94.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 294.10 94.10 Td (market ) Tj ET Q q 0 0 0 rg BT 324.37 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.30 94.10 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 382.11 94.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.61 94.10 Td (M&A) Tj ET Q q 0 0 0 rg BT 417.95 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.45 94.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 475.72 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.22 94.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.93 94.10 Td (materialize.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 70.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.39 58.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 124.46 58.10 Td (Investments) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e have investments in other listed of) Tj ET Q q 0 0 0 rg BT 202.87 742.10 Td (fshore drillers and oil service companies. ) Tj ET Q q 0 0 0 rg BT 371.70 742.10 Td (At present, seadrill) Tj ET Q q 0 0 0 rg BT 451.96 742.10 Td (s investment portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (includes a 39.9% holding in ) Tj ET Q q 0 0 0 rg BT 163.88 730.10 Td (Archer Limited, an 8.2% holding in SapuraKencana, and a 53.2% holding in seadrill Partners. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (addition we hold 70% of North ) Tj ET Q q 0 0 0 rg BT 176.65 718.10 Td (Atlantic Drilling and 50.1) Tj ET Q q 0 0 0 rg BT 279.59 718.10 Td (1% of Sevan Drilling.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (At ) Tj ET Q q 0 0 0 rg BT 62.50 694.10 Td (current ) Tj ET Q q 0 0 0 rg BT 93.32 694.10 Td (market ) Tj ET Q q 0 0 0 rg BT 123.58 694.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 152.46 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.17 694.10 Td (total ) Tj ET Q q 0 0 0 rg BT 187.45 694.10 Td (net ) Tj ET Q q 0 0 0 rg BT 202.16 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 226.32 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.15 694.10 Td (these ) Tj ET Q q 0 0 0 rg BT 260.20 694.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 310.47 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 319.64 694.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 379.90 694.10 Td (US$3.6 ) Tj ET Q q 0 0 0 rg BT 412.68 694.10 Td (billion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (The first of the six pipelay vessels, which we own in a 50/50 joint venture with Sapura Kencana, was completed by the yard on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (May 27. ) Tj ET Q q 0 0 0 rg BT 88.15 658.10 Td (The PLSV) Tj ET Q q 0 0 0 rg BT 130.47 658.10 Td ( will be now be mobilized to Brazil and commence its 8 year charter with Petrobras. ) Tj ET Q q 0 0 0 rg BT 469.35 658.10 Td (The Board is pleased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (to observe that the construction of the construction of the vessel and build up of the or) Tj ET Q q 0 0 0 rg BT 394.18 646.10 Td (ganization has progressed in line with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (original plan. ) Tj ET Q q 0 0 0 rg BT 107.77 634.10 Td (After delivery all vessels will be employed on long term charters to Petrobras. ) Tj ET Q q 0 0 0 rg BT 422.50 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 427.91 634.10 Td (otal orderbacklog of the charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (arrangement is US$2.7 billion. ) Tj ET Q q 0 0 0 rg BT 182.86 622.10 Td (The Board of seadrill, together with our partner) Tj ET Q q 0 0 0 rg BT 374.06 622.10 Td (, is evaluating how the shareholders in seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (can extract maximum long term value from this non-core investment.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 92.50 586.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 116.12 586.10 Td (Dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 574.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 94.42 574.10 Td (has ) Tj ET Q q 0 0 0 rg BT 109.97 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.97 574.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 166.06 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 186.06 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.50 574.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 243.26 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.81 574.10 Td (first ) Tj ET Q q 0 0 0 rg BT 272.14 574.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 302.67 574.10 Td (results ) Tj ET Q q 0 0 0 rg BT 331.00 574.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 371.53 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.97 574.10 Td (current ) Tj ET Q q 0 0 0 rg BT 416.50 574.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 453.72 574.10 Td (level ) Tj ET Q q 0 0 0 rg BT 475.37 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.03 574.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 532.01 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.67 574.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (resolved ) Tj ET Q q 0 0 0 rg BT 85.73 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.36 562.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 129.97 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.04 562.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 174.21 562.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 212.16 562.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 249.01 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.87 562.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 267.72 562.10 Td (cents ) Tj ET Q q 0 0 0 rg BT 290.12 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.75 562.10 Td (US$1.00 ) Tj ET Q q 0 0 0 rg BT 336.89 562.10 Td (per ) Tj ET Q q 0 0 0 rg BT 351.52 562.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 376.83 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 394.24 562.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 420.53 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.05 562.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 456.46 562.10 Td (confident ) Tj ET Q q 0 0 0 rg BT 496.08 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.93 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.00 562.10 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.91 550.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 105.58 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.60 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.06 550.10 Td (coming ) Tj ET Q q 0 0 0 rg BT 162.29 550.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 188.13 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.88 550.10 Td (As ) Tj ET Q q 0 0 0 rg BT 203.23 550.10 Td (future ) Tj ET Q q 0 0 0 rg BT 229.35 550.10 Td (units ) Tj ET Q q 0 0 0 rg BT 251.04 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.49 550.10 Td (introduced ) Tj ET Q q 0 0 0 rg BT 310.49 550.10 Td (into ) Tj ET Q q 0 0 0 rg BT 328.29 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.74 550.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 362.75 550.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.75 550.10 Td (results ) Tj ET Q q 0 0 0 rg BT 431.10 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 445.55 550.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 470.56 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.58 550.10 Td (show ) Tj ET Q q 0 0 0 rg BT 503.93 550.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 531.17 550.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 564.50 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (This ) Tj ET Q q 0 0 0 rg BT 71.44 538.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 114.54 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 135.98 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.08 538.10 Td (more ) Tj ET Q q 0 0 0 rg BT 168.29 538.10 Td (ef) Tj ET Q q 0 0 0 rg BT 175.87 538.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 205.08 538.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 225.96 538.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 264.60 538.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.60 538.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 315.79 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 329.45 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.33 538.10 Td (term ) Tj ET Q q 0 0 0 rg BT 367.32 538.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 388.20 538.10 Td (B ) Tj ET Q q 0 0 0 rg BT 398.53 538.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 439.96 538.10 Td (create ) Tj ET Q q 0 0 0 rg BT 467.48 538.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 523.92 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 539.24 538.10 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 102.50 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.78 526.10 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.71 502.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 102.63 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 114.23 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.16 502.10 Td (last ) Tj ET Q q 0 0 0 rg BT 144.64 502.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 182.33 502.10 Td (conference ) Tj ET Q q 0 0 0 rg BT 227.78 502.10 Td (call, ) Tj ET Q q 0 0 0 rg BT 246.31 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.12 502.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 288.65 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.58 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 309.61 502.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 350.64 502.10 Td (guideline, ) Tj ET Q q 0 0 0 rg BT 391.94 502.10 Td (has ) Tj ET Q q 0 0 0 rg BT 406.87 502.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 439.56 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.93 502.10 Td (create ) Tj ET Q q 0 0 0 rg BT 474.39 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 485.43 502.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 527.01 502.10 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 85.60 490.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 106.21 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 118.50 490.10 Td (preserving ) Tj ET Q q 0 0 0 rg BT 162.99 490.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 223.04 490.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 243.66 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.27 490.10 Td (any ) Tj ET Q q 0 0 0 rg BT 271.00 490.10 Td (net ) Tj ET Q q 0 0 0 rg BT 285.50 490.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 323.33 490.10 Td (from ) Tj ET Q q 0 0 0 rg BT 345.05 490.10 Td (MLP) Tj ET Q q 0 0 0 rg BT 365.24 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.53 490.10 Td (dropdowns. ) Tj ET Q q 0 0 0 rg BT 416.76 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.88 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 436.71 490.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 479.54 490.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 500.16 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.00 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.73 490.10 Td (used ) Tj ET Q q 0 0 0 rg BT 550.34 490.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 90.62 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.81 478.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 136.33 478.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 156.40 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.70 478.10 Td (future ) Tj ET Q q 0 0 0 rg BT 200.43 478.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 234.12 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.77 478.10 Td (Thus ) Tj ET Q q 0 0 0 rg BT 259.62 478.10 Td (far ) Tj ET Q q 0 0 0 rg BT 273.58 478.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 307.54 478.10 Td (has ) Tj ET Q q 0 0 0 rg BT 323.72 478.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 350.46 478.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 411.07 478.10 Td (US$663 ) Tj ET Q q 0 0 0 rg BT 446.71 478.10 Td (million ) Tj ET Q q 0 0 0 rg BT 478.46 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.10 478.10 Td (net ) Tj ET Q q 0 0 0 rg BT 504.17 478.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 542.56 478.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (MLP) Tj ET Q q 0 0 0 rg BT 70.19 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.12 466.10 Td (dropdowns, ) Tj ET Q q 0 0 0 rg BT 121.00 466.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 149.60 466.10 Td (aside ) Tj ET Q q 0 0 0 rg BT 172.08 466.10 Td (US$133 ) Tj ET Q q 0 0 0 rg BT 206.80 466.10 Td (million ) Tj ET Q q 0 0 0 rg BT 237.62 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.22 466.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 293.14 466.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 330.07 466.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 362.73 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.16 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.43 466.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 389.36 466.10 Td (cents ) Tj ET Q q 0 0 0 rg BT 411.84 466.10 Td (per ) Tj ET Q q 0 0 0 rg BT 426.54 466.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 452.08 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.01 466.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 487.05 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 495.65 466.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 533.68 466.10 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.17 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.55 454.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 87.50 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.77 454.10 Td (10.65% ) Tj ET Q q 0 0 0 rg BT 130.55 454.10 Td (based ) Tj ET Q q 0 0 0 rg BT 155.27 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.22 454.10 Td (an ) Tj ET Q q 0 0 0 rg BT 178.60 454.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 207.21 454.10 Td (future ) Tj ET Q q 0 0 0 rg BT 233.03 454.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 269.98 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.25 454.10 Td (US$4.00 ) Tj ET Q q 0 0 0 rg BT 317.49 454.10 Td (per ) Tj ET Q q 0 0 0 rg BT 332.20 454.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 357.75 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.56 454.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 403.42 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.58 454.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 443.97 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.58 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.74 454.10 Td (time ) Tj ET Q q 0 0 0 rg BT 491.47 454.10 Td (being ) Tj ET Q q 0 0 0 rg BT 515.63 454.10 Td (will ) Tj ET Q q 0 0 0 rg BT 533.14 454.10 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (these ) Tj ET Q q 0 0 0 rg BT 73.05 442.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 97.77 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.93 442.10 Td (later ) Tj ET Q q 0 0 0 rg BT 132.19 442.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 183.31 442.10 Td (buyback ) Tj ET Q q 0 0 0 rg BT 219.68 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.51 442.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 260.50 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.33 442.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 308.83 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.11 442.10 Td (kind ) Tj ET Q q 0 0 0 rg BT 339.38 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.66 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.38 442.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 389.64 442.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 419.91 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.62 442.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 490.16 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.02 418.10 Td (ex-dividend ) Tj ET Q q 0 0 0 rg BT 118.26 418.10 Td (date ) Tj ET Q q 0 0 0 rg BT 137.39 418.10 Td (has ) Tj ET Q q 0 0 0 rg BT 153.19 418.10 Td (been ) Tj ET Q q 0 0 0 rg BT 174.55 418.10 Td (set ) Tj ET Q q 0 0 0 rg BT 188.13 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.38 418.10 Td (June ) Tj ET Q q 0 0 0 rg BT 219.19 418.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 234.16 418.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 259.14 418.10 Td (record ) Tj ET Q q 0 0 0 rg BT 287.15 418.10 Td (date ) Tj ET Q q 0 0 0 rg BT 306.28 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 315.42 418.10 Td (June ) Tj ET Q q 0 0 0 rg BT 336.23 418.10 Td (12, ) Tj ET Q q 0 0 0 rg BT 351.20 418.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 373.68 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.59 418.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 427.50 418.10 Td (date ) Tj ET Q q 0 0 0 rg BT 446.63 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 455.77 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 468.25 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.05 418.10 Td (about ) Tj ET Q q 0 0 0 rg BT 503.74 418.10 Td (June ) Tj ET Q q 0 0 0 rg BT 524.55 418.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 539.52 418.10 Td (2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Even in light of the positive long term fundamentals, the near term outlook for the ultra-deepwater market continues to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (challenged. ) Tj ET Q q 0 0 0 rg BT 100.63 358.10 Td (The first quarter of 2014 saw only 7 ultra-deepwater rig years contracted which represents the lowest quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (activity since the fourth quarter of 2009 during the financial crisis. Clearly this level of activity is unusual, especially given the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (high and stable oil price environment we are currently experiencing. ) Tj ET Q q 0 0 0 rg BT 327.68 334.10 Td (At the outset of this soft period seadrill was of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (opinion that oil companies would invest in profitable projects in the deep and ultra-deepwater while slowing spending on more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 310.10 Td (ginal projects. It was not expected that activity would come to a virtual halt while oil companies worked through their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (forward budgeting process. However) Tj ET Q q 0 0 0 rg BT 200.39 298.10 Td (, we are confident that the expected trend will materialize in the quarters to come when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (contracting activity resumes. It is interesting to observe that approximately 75% of the deepwater fleet today is employed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (development drilling projects, while this level was significantly lower a few years ago. ) Tj ET Q q 0 0 0 rg BT 401.57 274.10 Td (As an illustration of the need for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (development drilling it should be mentioned that Petrobras is currently utilizing over 20 rigs to develop pre-salt fields. ) Tj ET Q q 0 0 0 rg BT 525.55 262.10 Td (This has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (resulted in a production level of approximately 400 thousand barrels per day) Tj ET Q q 0 0 0 rg BT 355.09 250.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (The competitive dynamics today are not entirely visible due to the lack of fixtures, however seadrill sees most contractors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (defending utilization. ) Tj ET Q q 0 0 0 rg BT 140.35 214.10 Td (The Company believes this is due to concerns around the cash flow profile of older 4th and 5th ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (generation assets. Conventional wisdom says that older units should work until rates go down to cash flow break even less the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (cost to stack the rig, however companies must add back the cost to class a unit. 15 year old assets may require up to US$100 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (million to keep in working condition. seadrill believes this will lead to more units leaving the market as rates drop below the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (real breakeven rate. Importantly) Tj ET Q q 0 0 0 rg BT 180.12 166.10 Td (, seadrill is not exposed to these asset classes. seadrill has focused its ef) Tj ET Q q 0 0 0 rg BT 471.54 166.10 Td (forts on building a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (best in class fleet that retains pricing power and utilization by investing in new assets and divesting older units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (seadrill took delivery of its first Deepwater rig the ) Tj ET Q q 0 0 0 rg BT 254.48 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 263.12 130.10 Td (est Sirius in 2008. ) Tj ET Q q 0 0 0 rg BT 340.17 130.10 Td (The rig's total cost when it commenced operation was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (less than US$500 million. ) Tj ET Q q 0 0 0 rg BT 156.21 118.10 Td (The rig has operated successfully with an average utilization of 95% since start up and is currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (drilling for BP) Tj ET Q q 0 0 0 rg BT 107.96 106.10 Td ( in US Gulf of Mexico. ) Tj ET Q q 0 0 0 rg BT 205.55 106.10 Td (The aggregate EBITDA) Tj ET Q q 0 0 0 rg BT 301.07 106.10 Td ( for the rig since start up has been approximately US$660 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 83.71 94.10 Td (The rig completed its 5 year special survey in 2013 for less than US$20 million. ) Tj ET Q q 0 0 0 rg BT 408.37 94.10 Td (At the same time the ) Tj ET Q q 0 0 0 rg BT 493.45 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 502.08 94.10 Td (est Sirius was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (ordered several of our competitors decided to upgrade old units . In several cases these upgraded units had an aggregate capex ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (cost of more than US$800 million and significantly lower EBITDA) Tj ET Q q 0 0 0 rg BT 319.68 70.10 Td ( contribution over a similar time frame. ) Tj ET Q q 0 0 0 rg BT 481.95 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 487.36 70.10 Td (oday the units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (have few if any buyers. ) Tj ET Q q 0 0 0 rg BT 148.39 58.10 Td (This illustrates in a very simple way the benefits of the seadrill strategy) Tj ET Q q 0 0 0 rg BT 434.89 58.10 Td (.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (seadrill has limited exposure to current dayrates with estimated floater coverage in 2014 and 2015 of 96% and 66% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.11 730.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 152.01 730.10 Td (, during the last year) Tj ET Q q 0 0 0 rg BT 233.53 730.10 Td (, the Company has materially improved financial flexibility and reduced the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (remaining capex requirements through the delivery of newbuilds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (This near term exposure will be further reduced by NADL's Investment and Co-operation ) Tj ET Q q 0 0 0 rg BT 410.31 694.10 Td (Agreement with Rosneft to partner in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the Russian Market. In the Board's opinion this significantly improves the visibility of the business. NADL) Tj ET Q q 0 0 0 rg BT 482.77 682.10 Td ( has sought to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (access the growth opportunity represented by the Russian market for several years, and the Board is very pleased to have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (reached an agreement with Rosneft. ) Tj ET Q q 0 0 0 rg BT 198.37 658.10 Td (The Russian market is one of the most attractive opportunities in the world and of) Tj ET Q q 0 0 0 rg BT 525.34 658.10 Td (fers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (tremendous growth potential. By partnering best in class drilling with a supermajor who produces over 5 million barrels per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (day) Tj ET Q q 0 0 0 rg BT 63.79 634.10 Td (, a powerful force has been created in the Russian market and for ) Tj ET Q q 0 0 0 rg BT 325.91 634.10 Td (Arctic regions on a global basis. ) Tj ET Q q 0 0 0 rg BT 459.58 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 468.22 634.10 Td (e look forward to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (closing this important transaction and working with Rosneft for many years to come. ) Tj ET Q q 0 0 0 rg BT 394.47 622.10 Td (The working relationship with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Russians is very good and the parties see significant joint value in working together) Tj ET Q q 0 0 0 rg BT 384.10 610.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Operationally) Tj ET Q q 0 0 0 rg BT 104.33 586.10 Td (, the Board and management team are not satisfied with the performance year to date. ) Tj ET Q q 0 0 0 rg BT 451.24 586.10 Td (The consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (utilization rate of 88% for floaters is below the standards set for the Company) Tj ET Q q 0 0 0 rg BT 360.65 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.97 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 385.84 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 394.48 574.10 Td (est ) Tj ET Q q 0 0 0 rg BT 407.53 574.10 Td (Aquarius, ) Tj ET Q q 0 0 0 rg BT 449.01 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 457.65 574.10 Td (est Capricorn, ) Tj ET Q q 0 0 0 rg BT 516.06 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 524.70 574.10 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Alpha, ) Tj ET Q q 0 0 0 rg BT 79.26 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 87.90 562.10 Td (est Phoenix, and ) Tj ET Q q 0 0 0 rg BT 156.04 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 164.68 562.10 Td (est Pegasus have experienced a collective 149 days of downtime. ) Tj ET Q q 0 0 0 rg BT 429.59 562.10 Td (Although equipment failures are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (partly to blame, uptime needs to be improved. By managing through the challenges encountered this quarter seadrill has again ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (come to appreciate the benefits of a uniform fleet. Spare parts were located on similar units and materially limited the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (downtime related to equipment failures. Operational teams in the regions and of) Tj ET Q q 0 0 0 rg BT 372.22 526.10 Td (fshore performed very well in determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (creative solutions and reducing downtime. ) Tj ET Q q 0 0 0 rg BT 224.13 514.10 Td (As in prior periods of operational challenges seadrill has gone to great lengths to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (apply lessons learned across the fleet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (As discussed on the last quarterly conference call seadrill has, for the time being, taken the decision to curtail ordering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (additional units. Until oil companies adjust their capital budgets or oil price shows a strong upward trend seadrill will act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (cautiously and focus on the growth already secured through the existing newbuild program. seadrill currently has 19 rigs on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (order and has thereby secured strong growth in the years to come. ) Tj ET Q q 0 0 0 rg BT 318.07 442.10 Td (The Board is pleased that the timing of deliveries has again ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (proved to be opportune by taking 13 deliveries last year and fixing them at attractive rates. Looking toward the 2015 delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (schedule seadrill is well positioned to contract these assets into what is anticipated to be a tightening 2016 market. seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (believes there may be distressed assets coming available and is taking prudent steps to have the firepower to take advantage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (interesting opportunities that may materialize. However the Board will remain committed to owning only top specification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (modern assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (seadrill expects second quarter EBITDA) Tj ET Q q 0 0 0 rg BT 213.28 358.10 Td ( to show meaningful improvement from the first quarter) Tj ET Q q 0 0 0 rg BT 436.56 358.10 Td (. During the second quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (the growth trajectory will continue with the Sevan Louisiana and ) Tj ET Q q 0 0 0 rg BT 311.97 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 320.61 346.10 Td (est Linus having entered service and expected abatement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (operational issues. For the rest of 2014 further uplift in EBITDA) Tj ET Q q 0 0 0 rg BT 310.51 334.10 Td ( will take place as the ) Tj ET Q q 0 0 0 rg BT 399.18 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 407.82 334.10 Td (est Saturn, ) Tj ET Q q 0 0 0 rg BT 452.35 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 460.99 334.10 Td (est Jupiter) Tj ET Q q 0 0 0 rg BT 501.42 334.10 Td (, and ) Tj ET Q q 0 0 0 rg BT 523.17 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.81 334.10 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Neptune join the fleet of operating assets. ) Tj ET Q q 0 0 0 rg BT 221.16 322.10 Td (Thus far in the second quarter seadrill has achieved a technical utilization of 96% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (for floaters and in excess of 94% for the jack-up fleet. Operational uptime is tar) Tj ET Q q 0 0 0 rg BT 370.26 310.10 Td (geted to be in-line with second quarter to date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (performance going forward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Based on expected solid operational performance for the rest of the year and the commencement of additional drilling units the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Board is pleased to see that seadrill is on track to achieve EBITDA) Tj ET Q q 0 0 0 rg BT 318.81 262.10 Td ( of US$10 million per day) Tj ET Q q 0 0 0 rg BT 422.88 262.10 Td (.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 129.17 742.25 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (This ) Tj ET Q q 0 0 0 rg BT 70.80 718.25 Td (news ) Tj ET Q q 0 0 0 rg BT 94.37 718.25 Td (release ) Tj ET Q q 0 0 0 rg BT 125.14 718.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 161.48 718.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 196.15 718.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 229.72 718.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 277.45 718.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 300.47 718.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 345.70 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 360.92 718.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 401.14 718.25 Td (not ) Tj ET Q q 0 0 0 rg BT 416.94 718.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 457.17 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.96 718.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 498.47 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.92 718.25 Td (specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (include ) Tj ET Q q 0 0 0 rg BT 81.89 706.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 126.57 706.25 Td (about ) Tj ET Q q 0 0 0 rg BT 151.24 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.92 706.25 Td (Company) Tj ET Q q 0 0 0 rg BT 207.58 706.25 Td (s ) Tj ET Q q 0 0 0 rg BT 213.94 706.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 240.00 706.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 282.73 706.25 Td (business ) Tj ET Q q 0 0 0 rg BT 319.08 706.25 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 361.81 706.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 396.47 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.37 706.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 440.27 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 450.51 706.25 Td (its ) Tj ET Q q 0 0 0 rg BT 462.42 706.25 Td (business ) Tj ET Q q 0 0 0 rg BT 498.77 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.67 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.34 706.25 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.32 694.25 Td (which ) Tj ET Q q 0 0 0 rg BT 87.30 694.25 Td (it ) Tj ET Q q 0 0 0 rg BT 95.40 694.25 Td (operates. ) Tj ET Q q 0 0 0 rg BT 133.75 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.11 694.25 Td (These ) Tj ET Q q 0 0 0 rg BT 162.53 694.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 207.28 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 222.03 694.25 Td (made ) Tj ET Q q 0 0 0 rg BT 246.22 694.25 Td (based ) Tj ET Q q 0 0 0 rg BT 271.53 694.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.07 694.25 Td (management) Tj ET Q q 0 0 0 rg BT 347.94 694.25 Td (s ) Tj ET Q q 0 0 0 rg BT 354.37 694.25 Td (current ) Tj ET Q q 0 0 0 rg BT 385.23 694.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 411.38 694.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 466.40 694.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 518.38 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.36 694.25 Td (beliefs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 97.67 682.25 Td (future ) Tj ET Q q 0 0 0 rg BT 124.79 682.25 Td (events ) Tj ET Q q 0 0 0 rg BT 153.57 682.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 196.81 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.27 682.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.39 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.08 682.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 311.40 682.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 344.64 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 352.32 682.25 Td (number ) Tj ET Q q 0 0 0 rg BT 386.11 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.68 682.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 422.31 682.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 476.65 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.33 682.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 547.02 682.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.21 670.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 100.42 670.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 127.29 670.25 Td (results ) Tj ET Q q 0 0 0 rg BT 156.39 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.17 670.25 Td (dif) Tj ET Q q 0 0 0 rg BT 178.10 670.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 192.19 670.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 235.73 670.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.16 670.25 Td (those ) Tj ET Q q 0 0 0 rg BT 282.27 670.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 324.69 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 336.02 670.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 369.57 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.34 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.56 670.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 464.09 670.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 511.80 670.25 Td (which ) Tj ET Q q 0 0 0 rg BT 539.24 670.25 Td (speak ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (only ) Tj ET Q q 0 0 0 rg BT 70.88 658.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.31 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.74 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 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(forward-looking ) Tj ET Q q 0 0 0 rg BT 117.82 646.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 162.32 646.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 196.54 646.25 Td (but ) Tj ET Q q 0 0 0 rg BT 211.60 646.25 Td (are ) Tj ET Q q 0 0 0 rg BT 226.09 646.25 Td (not ) Tj ET Q q 0 0 0 rg BT 241.15 646.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 271.77 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.83 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 289.98 646.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 317.25 646.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 348.98 646.25 Td (market ) Tj ET Q q 0 0 0 rg BT 379.03 646.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 425.48 646.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 459.96 646.25 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 496.40 646.25 Td (dry-docking ) Tj ET Q q 0 0 0 rg BT 547.56 646.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.14 634.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 95.73 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.65 634.25 Td 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BT 549.79 622.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (international ) Tj ET Q q 0 0 0 rg BT 105.25 610.25 Td (price ) Tj ET Q q 0 0 0 rg BT 129.96 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.00 610.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 160.78 610.25 Td (international ) Tj ET Q q 0 0 0 rg BT 216.03 610.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.73 610.25 Td (market ) Tj ET Q q 0 0 0 rg BT 288.21 610.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 334.59 610.25 Td (including ) Tj ET Q q 0 0 0 rg BT 377.08 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.02 610.25 Td (international ) Tj ET Q q 0 0 0 rg BT 449.27 610.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.97 610.25 Td (crisis, ) Tj ET Q q 0 0 0 rg BT 517.30 610.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.22 610.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 107.14 598.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 153.73 598.25 Td (that ) Tj ET Q q 0 0 0 rg BT 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Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 490.32 Td (174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 490.32 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 476.32 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 476.32 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 476.32 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 462.43 Td (Total operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 462.43 Td (771) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 462.43 Td (774) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 434.43 Td (Net operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 434.43 Td (890) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 434.43 Td (552) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 406.43 Td (Financial items and other income and expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 406.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 406.32 Td () Tj ET Q BT 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541.65 126.43 Td (0.87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 112.43 Td (Diluted earnings per share \(U.S. dollar\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 112.43 Td (6.23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 112.43 Td (0.85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 98.43 Td (Declared regular dividend per share \(U.S. dollar\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 98.43 Td (1.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 98.43 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 70.25 Td (See ) Tj ET Q q 0 0 0 rg BT 68.88 70.25 Td (accompanying ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 129.69 70.25 Td (notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 150.80 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.30 70.25 Td (that ) Tj ET Q q 0 0 0 rg BT 171.36 70.25 Td (ar) Tj ET Q q 0 0 0 rg BT 179.88 70.25 Td (e ) Tj ET Q q 0 0 0 rg BT 186.82 70.25 Td (an ) Tj ET Q q 0 0 0 rg BT 199.32 70.25 Td (integral ) Tj ET Q q 0 0 0 rg 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10.00 Tf ET q 0 0 0 rg BT 395.71 706.25 Td (2013) Tj ET Q BT /F4 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.25 694.25 Td (\(In US$ millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 620.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 620.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 592.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 592.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 592.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 592.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 592.75 4.00 -14.00 re f /GS0 gs 0.8 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10.00 Tf ET q 0 0 0 rg BT 65.00 583.32 Td (Change in unrealized loss on marketable securities, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 583.37 Td (\(112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 583.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 583.37 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 583.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 569.32 Td (Change in unrealized foreign exchange differences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 569.37 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 569.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 569.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 555.32 Td (Change in actuarial loss relating to pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 555.37 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 555.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 555.37 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 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BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 485.43 Td (2,946) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 485.43 Td (421) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 458.43 Td (Comprehensive income attributable to the non-controlling interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 458.48 Td (\(23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 458.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 458.43 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 444.43 Td (Comprehensive income attributable to the parent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 444.43 Td (2,969) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 444.43 Td (387) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 416.25 Td (See ) Tj ET Q q 0 0 0 rg BT 69.38 416.25 Td (accompanying ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.19 416.25 Td (notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.30 416.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.80 416.25 Td (that ) Tj ET Q q 0 0 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76.77 234.32 Td (non-current ) Tj ET Q q 0 0 0 rg BT 125.91 234.32 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 234.32 Td (748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 234.32 Td (898) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 221.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 221.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 221.48 Td (non-curr) Tj ET Q q 0 0 0 rg BT 114.10 221.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 129.84 221.48 Td (liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.65 221.48 Td (12,424) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 221.48 Td (14,273) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 208.48 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 208.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 208.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 194.42 Td (Common shares of par value US$2.00 per share: 800,000,000 shares authorized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 184.42 Td (469,115,743 outstanding at March 31, 2014 \(December 31, 2013, 468,978,492\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 184.42 Td (938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 184.42 Td (938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 170.32 Td (Additional ) Tj ET Q q 0 0 0 rg BT 96.77 170.32 Td (paid ) Tj ET Q q 0 0 0 rg BT 116.49 170.32 Td (in ) Tj ET Q q 0 0 0 rg BT 126.77 170.32 Td (capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 170.32 Td (2,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 170.32 Td (2,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 157.32 Td (Contributed ) Tj ET Q q 0 0 0 rg BT 101.77 157.32 Td (surplus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 157.32 Td (1,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 157.32 Td (1,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 144.32 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 107.31 144.32 Td (other ) Tj ET Q q 0 0 0 rg BT 130.36 144.32 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 193.39 144.32 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 144.32 Td (429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 144.32 Td (528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 131.32 Td (Retained ) Tj ET Q q 0 0 0 rg BT 89.54 131.32 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 131.32 Td (4,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 131.32 Td (1,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 118.32 Td (Non-controlling ) Tj ET Q q 0 0 0 rg BT 118.43 118.32 Td (interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 118.32 Td (587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 118.32 Td (690) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 105.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 105.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 105.48 Td (equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.65 105.48 Td (10,673) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 105.48 Td (8,202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 92.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.25 92.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 92.48 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 117.25 92.48 Td (and ) Tj ET Q q 0 0 0 rg BT 135.88 92.48 Td (equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.65 92.48 Td (27,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 92.48 Td (26,300) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (See ) Tj ET Q q 0 0 0 rg BT 65.88 65.25 Td (accompanying ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.69 65.25 Td (notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 147.80 65.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.30 65.25 Td (that ) Tj ET Q q 0 0 0 rg BT 168.36 65.25 Td (ar) Tj ET Q q 0 0 0 rg BT 176.88 65.25 Td (e ) Tj ET Q q 0 0 0 rg BT 183.82 65.25 Td (an ) Tj ET Q q 0 0 0 rg BT 196.32 65.25 Td (integral ) Tj ET Q q 0 0 0 rg BT 230.48 65.25 Td (part ) Tj ET Q q 0 0 0 rg BT 249.65 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.93 65.25 Td (these ) Tj ET Q q 0 0 0 rg BT 282.98 65.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 338.81 65.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 380.19 65.25 Td (Statements.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 749.25 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 161.75 725.25 Td (UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 280.93 725.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 314.55 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 320.67 725.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 384.11 725.25 Td ( CASH FLOWS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 196.25 713.25 Td (for the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.25 713.25 Td (three) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 247.36 713.25 Td ( months ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 309.87 713.25 Td (March31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.65 713.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 355.15 713.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 375.15 713.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 395.71 713.25 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 415.71 713.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.25 701.25 Td (\(In US$ millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 653.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 653.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 653.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 653.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 653.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.75 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 625.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 625.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 596.75 393.00 -14.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 506.00 540.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 512.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 512.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 512.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 512.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 512.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 484.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 484.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 484.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 484.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 484.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 456.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 456.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 456.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 456.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 456.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 428.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 428.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 428.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 428.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 428.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 400.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 400.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 400.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 400.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 372.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 372.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 372.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 344.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 344.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 344.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 344.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 344.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 330.75 m 443 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 316.75 m 443 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 330.75 m 447 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 316.75 m 447 316.75 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Tj ET Q q 0 0 0 rg BT 111.85 644.43 Td (om ) Tj ET Q q 0 0 0 rg BT 127.59 644.43 Td (Operating ) Tj ET Q q 0 0 0 rg BT 173.70 644.43 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 644.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 644.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 630.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.99 630.43 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 630.43 Td (3,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 630.43 Td (440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.42 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 615.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 615.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 601.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 601.43 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 125.64 601.43 Td (and ) Tj ET Q q 0 0 0 rg BT 142.58 601.43 Td (amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 601.32 Td (174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 601.32 Td (161) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 587.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 587.43 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 127.32 587.43 Td (of ) Tj ET Q q 0 0 0 rg BT 138.15 587.43 Td (deferred ) Tj ET Q q 0 0 0 rg BT 173.96 587.43 Td (loan ) Tj ET Q q 0 0 0 rg BT 193.67 587.43 Td (char) Tj ET Q q 0 0 0 rg BT 210.70 587.43 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 587.32 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 587.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 573.32 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 126.32 573.32 Td (of ) Tj ET Q q 0 0 0 rg BT 137.15 573.32 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 187.40 573.32 Td (and ) Tj ET Q q 0 0 0 rg BT 204.34 573.32 Td (favorable ) Tj ET Q q 0 0 0 rg BT 244.60 573.32 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 573.37 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 573.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 573.37 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 573.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 559.32 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 126.32 559.32 Td (of ) Tj ET Q q 0 0 0 rg BT 137.15 559.32 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 190.20 559.32 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 559.37 Td (\(42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 559.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 559.37 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 559.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 545.32 Td (Share ) Tj ET Q q 0 0 0 rg BT 95.77 545.32 Td (of ) Tj ET Q q 0 0 0 rg BT 106.60 545.32 Td (results ) Tj ET Q q 0 0 0 rg BT 135.21 545.32 Td (from ) Tj ET Q q 0 0 0 rg BT 157.15 545.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 200.74 545.32 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 545.37 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 545.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 545.37 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 545.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 531.32 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 121.87 531.32 Td (compensation ) Tj ET Q q 0 0 0 rg BT 179.91 531.32 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 531.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 531.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 517.32 Td (Gain ) Tj ET Q q 0 0 0 rg BT 92.44 517.32 Td (on ) Tj ET Q q 0 0 0 rg BT 104.94 517.32 Td (disposals ) Tj ET Q q 0 0 0 rg BT 144.11 517.32 Td (and ) Tj ET Q q 0 0 0 rg BT 161.05 517.32 Td (deconsolidations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 517.37 Td (\(2,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 517.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 517.37 Td (\(71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 517.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 503.32 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 116.86 503.32 Td (gain ) Tj ET Q q 0 0 0 rg BT 136.58 503.32 Td (related ) Tj ET Q q 0 0 0 rg BT 166.28 503.32 Td (to ) Tj ET Q q 0 0 0 rg BT 176.56 503.32 Td (derivative ) Tj ET Q q 0 0 0 rg BT 219.04 503.32 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.52 503.32 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 503.37 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 503.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 503.37 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 503.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 489.32 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 114.11 489.32 Td (received ) Tj ET Q q 0 0 0 rg BT 150.47 489.32 Td (from ) Tj ET Q q 0 0 0 rg BT 172.41 489.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 216.00 489.32 Td (company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 489.32 Td (252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 489.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 475.32 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 108.53 475.32 Td (income ) Tj ET Q q 0 0 0 rg BT 140.46 475.32 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.18 475.32 Td (benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.80 475.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 475.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 475.37 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 475.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 461.32 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 116.86 461.32 Td (foreign ) Tj ET Q q 0 0 0 rg BT 148.24 461.32 Td (exchange ) Tj ET Q q 0 0 0 rg BT 188.49 461.32 Td (loss ) Tj ET Q q 0 0 0 rg BT 206.55 461.32 Td (/ ) Tj ET Q q 0 0 0 rg BT 211.83 461.32 Td (\(gain\) ) Tj ET Q q 0 0 0 rg BT 238.21 461.32 Td (on ) Tj ET Q q 0 0 0 rg BT 250.71 461.32 Td (long-term ) Tj ET Q q 0 0 0 rg BT 292.64 461.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 461.32 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 461.37 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 461.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 447.32 Td (Gain ) Tj ET Q q 0 0 0 rg BT 92.44 447.32 Td (recognized ) Tj ET Q q 0 0 0 rg BT 138.80 447.32 Td (related ) Tj ET Q q 0 0 0 rg BT 168.50 447.32 Td (to ) Tj ET Q q 0 0 0 rg BT 178.78 447.32 Td (bar) Tj ET Q q 0 0 0 rg BT 191.46 447.32 Td (gain ) Tj ET Q q 0 0 0 rg BT 211.09 447.32 Td (purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 447.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 447.37 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 447.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 433.32 Td (Payments ) Tj ET Q q 0 0 0 rg BT 111.89 433.32 Td (for ) Tj ET Q q 0 0 0 rg BT 126.05 433.32 Td (long-term ) Tj ET Q q 0 0 0 rg BT 167.98 433.32 Td (maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 433.37 Td (\(79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 433.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 433.37 Td (\(54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 433.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 419.32 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 419.32 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 419.32 Td ( ) Tj ET Q q 0 0 0 rg BT 60.00 419.32 Td ( ) Tj ET Q q 0 0 0 rg BT 62.50 419.32 Td ( ) Tj ET Q q 0 0 0 rg BT 65.00 419.32 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 419.32 Td ( ) Tj ET Q q 0 0 0 rg BT 70.00 419.32 Td (Gain ) Tj ET Q q 0 0 0 rg BT 91.94 419.32 Td (on ) Tj ET Q q 0 0 0 rg BT 104.44 419.32 Td (realization ) Tj ET Q q 0 0 0 rg BT 149.14 419.32 Td (of ) Tj ET Q q 0 0 0 rg BT 159.97 419.32 Td (marketable ) Tj ET Q q 0 0 0 rg BT 206.88 419.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.80 419.37 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 419.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 419.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 405.43 Td (Changes ) Tj ET Q q 0 0 0 rg BT 91.67 405.43 Td (in ) Tj ET Q q 0 0 0 rg BT 102.51 405.43 Td (operating ) Tj ET Q q 0 0 0 rg BT 146.12 405.43 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.07 405.43 Td (and ) Tj ET Q q 0 0 0 rg BT 191.69 405.43 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 235.58 405.43 Td (net ) Tj ET Q q 0 0 0 rg BT 251.41 405.43 Td (of ) Tj ET Q q 0 0 0 rg BT 262.24 405.43 Td (effect ) Tj ET Q q 0 0 0 rg BT 288.05 405.43 Td (of ) Tj ET Q q 0 0 0 rg BT 298.88 405.43 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 351.95 405.43 Td (and ) Tj ET Q q 0 0 0 rg BT 370.57 405.43 Td (disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 405.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 405.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 391.32 Td (Unrecognized ) Tj ET Q q 0 0 0 rg BT 123.08 391.32 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 176.13 391.32 Td (fees ) Tj ET Q q 0 0 0 rg BT 194.73 391.32 Td (received ) Tj ET Q q 0 0 0 rg BT 231.09 391.32 Td (from ) Tj ET Q q 0 0 0 rg BT 253.03 391.32 Td (customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 391.32 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 391.32 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 377.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.43 377.32 Td (rade ) Tj ET Q q 0 0 0 rg BT 89.96 377.32 Td (accounts ) Tj ET Q q 0 0 0 rg BT 127.45 377.32 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 377.32 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 377.37 Td (\(72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 377.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 363.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.43 363.32 Td (rade ) Tj ET Q q 0 0 0 rg BT 89.96 363.32 Td (accounts ) Tj ET Q q 0 0 0 rg BT 127.45 363.32 Td (payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 363.32 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 363.32 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 349.32 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 97.55 349.32 Td (expenses/accrued ) Tj ET Q q 0 0 0 rg BT 170.01 349.32 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.80 349.37 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 349.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 349.32 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 335.32 Td (Other) Tj ET Q q 0 0 0 rg BT 86.87 335.32 Td (, ) Tj ET Q q 0 0 0 rg BT 91.87 335.32 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 335.37 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 335.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 335.37 Td (\(75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 335.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 321.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.99 321.43 Td (cash ) Tj ET Q q 0 0 0 rg BT 91.38 321.43 Td (pr) Tj ET Q q 0 0 0 rg BT 101.20 321.43 Td (ovided ) Tj ET Q q 0 0 0 rg BT 132.04 321.43 Td (by ) Tj ET Q q 0 0 0 rg BT 145.10 321.43 Td (operating ) Tj ET Q q 0 0 0 rg BT 188.71 321.43 Td (activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.15 321.43 Td (656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 321.43 Td (423) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 292.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 292.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 292.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 292.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 292.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 264.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 264.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 264.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 264.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 264.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 236.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 236.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 236.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 236.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 236.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 208.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 208.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 208.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 208.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 208.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 180.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 180.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 180.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 180.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 180.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 152.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 152.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 152.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 152.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 152.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 124.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 124.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 124.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 124.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 124.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 124.75 m 443 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 110.75 m 443 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 124.75 m 447 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 110.75 m 447 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 124.75 m 502 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 110.75 m 502 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 124.75 m 506 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 110.75 m 506 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 124.75 m 562 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 110.75 m 562 110.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 297.43 Td (Cash ) Tj ET Q q 0 0 0 rg BT 76.67 297.43 Td (Flows ) Tj ET Q q 0 0 0 rg BT 104.17 297.43 Td (fr) Tj ET Q q 0 0 0 rg BT 111.85 297.43 Td (om ) Tj ET Q q 0 0 0 rg BT 127.59 297.43 Td (Investing ) Tj ET Q q 0 0 0 rg BT 169.27 297.43 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 297.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 297.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 283.32 Td (Additions ) Tj ET Q q 0 0 0 rg BT 106.45 283.32 Td (to ) Tj ET Q q 0 0 0 rg BT 116.73 283.32 Td (newbuildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 283.37 Td (\(722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 283.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 283.37 Td (\(282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 283.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 269.32 Td (Additions ) Tj ET Q q 0 0 0 rg BT 106.45 269.32 Td (to ) Tj ET Q q 0 0 0 rg BT 116.73 269.32 Td (drilling ) Tj ET Q q 0 0 0 rg BT 148.67 269.32 Td (units ) Tj ET Q q 0 0 0 rg BT 170.62 269.32 Td (and ) Tj ET Q q 0 0 0 rg BT 187.56 269.32 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 269.37 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 269.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 269.37 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 269.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 255.32 Td (Sale ) Tj ET Q q 0 0 0 rg BT 84.22 255.32 Td (of ) Tj ET Q q 0 0 0 rg BT 95.05 255.32 Td (rigs ) Tj ET Q q 0 0 0 rg BT 112.55 255.32 Td (and ) Tj ET Q q 0 0 0 rg BT 129.49 255.32 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 255.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 255.32 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 241.32 Td (Business ) Tj ET Q q 0 0 0 rg BT 102.56 241.32 Td (combinations ) Tj ET Q q 0 0 0 rg BT 158.94 241.32 Td (and ) Tj ET Q q 0 0 0 rg BT 175.88 241.32 Td (step ) Tj ET Q q 0 0 0 rg BT 194.49 241.32 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 247.26 241.32 Td (net ) Tj ET Q q 0 0 0 rg BT 261.98 241.32 Td (of ) Tj ET Q q 0 0 0 rg BT 272.81 241.32 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.08 241.32 Td (acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 241.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 241.37 Td (\(531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 241.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 227.32 Td (Sale ) Tj ET Q q 0 0 0 rg BT 84.22 227.32 Td (of ) Tj ET Q q 0 0 0 rg BT 95.05 227.32 Td (business, ) Tj ET Q q 0 0 0 rg BT 133.94 227.32 Td (net ) Tj ET Q q 0 0 0 rg BT 148.66 227.32 Td (of ) Tj ET Q q 0 0 0 rg BT 159.49 227.32 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.75 227.32 Td (disposed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 227.32 Td (673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 227.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 213.32 Td (Cash ) Tj ET Q q 0 0 0 rg BT 87.00 213.32 Td (in ) Tj ET Q q 0 0 0 rg BT 97.28 213.32 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 159.76 213.32 Td (subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 213.37 Td (\(90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 213.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 213.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 199.32 Td (Change ) Tj ET Q q 0 0 0 rg BT 97.55 199.32 Td (in ) Tj ET Q q 0 0 0 rg BT 107.83 199.32 Td (restricted ) Tj ET Q q 0 0 0 rg BT 147.53 199.32 Td (cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 199.37 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 199.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 199.32 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 185.32 Td (Investment ) Tj ET Q q 0 0 0 rg BT 111.43 185.32 Td (in ) Tj ET Q q 0 0 0 rg BT 121.71 185.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 165.31 185.32 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 185.37 Td (\(342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 185.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 185.37 Td (\(99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 185.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 171.32 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 103.10 171.32 Td (of ) Tj ET Q q 0 0 0 rg BT 113.93 171.32 Td (marketable ) Tj ET Q q 0 0 0 rg BT 160.85 171.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 171.37 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 171.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 171.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 157.32 Td (Loan ) Tj ET Q q 0 0 0 rg BT 87.55 157.32 Td (granted ) Tj ET Q q 0 0 0 rg BT 120.03 157.32 Td (to ) Tj ET Q q 0 0 0 rg BT 130.31 157.32 Td (related ) Tj ET Q q 0 0 0 rg BT 160.01 157.32 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 157.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 157.37 Td (\(125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 157.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 143.32 Td (Repayment ) Tj ET Q q 0 0 0 rg BT 112.54 143.32 Td (of ) Tj ET Q q 0 0 0 rg BT 123.37 143.32 Td (loans ) Tj ET Q q 0 0 0 rg BT 146.98 143.32 Td (granted ) Tj ET Q q 0 0 0 rg BT 179.47 143.32 Td (to ) Tj ET Q q 0 0 0 rg BT 189.74 143.32 Td (related ) Tj ET Q q 0 0 0 rg BT 219.45 143.32 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 143.32 Td (1,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 143.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 129.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 129.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.04 129.32 Td (disposal ) Tj ET Q q 0 0 0 rg BT 160.32 129.32 Td (of ) Tj ET Q q 0 0 0 rg BT 171.15 129.32 Td (marketable ) Tj ET Q q 0 0 0 rg BT 218.06 129.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 129.32 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 115.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.99 115.43 Td (cash ) Tj ET Q q 0 0 0 rg BT 91.38 115.43 Td (pr) Tj ET Q q 0 0 0 rg BT 101.20 115.43 Td (ovided/\(used\) ) Tj ET Q q 0 0 0 rg BT 160.93 115.43 Td (in ) Tj ET Q q 0 0 0 rg BT 171.77 115.43 Td (investing ) Tj ET Q q 0 0 0 rg BT 212.61 115.43 Td (activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.15 115.43 Td (968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 115.48 Td (\(1,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 115.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 749.25 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 164.50 725.25 Td (UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 283.68 725.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 317.30 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 323.42 725.25 Td (TEMENT OF) Tj ET Q q 0 0 0 rg BT 381.30 725.25 Td ( CASH FLOWS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 196.25 713.25 Td (for the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.25 713.25 Td (three) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 247.36 713.25 Td ( months ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 309.87 713.25 Td (March31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.65 713.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 355.15 713.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 375.15 713.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 395.71 713.25 Td (2013) Tj ET Q BT /F4 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.25 701.25 Td (\(In US$ millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 641.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 641.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 641.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 613.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 613.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 613.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 585.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 585.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 585.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 557.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 557.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 557.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 529.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 529.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 529.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 501.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 501.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 501.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 473.75 393.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 473.75 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 473.75 55.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 473.75 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 473.75 56.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 452.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 452.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 452.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 424.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 424.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 424.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 396.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 396.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 396.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 396.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 396.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 487.75 m 443 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 473.75 m 443 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 487.75 m 447 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 473.75 m 447 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 487.75 m 502 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 473.75 m 502 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 487.75 m 506 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 473.75 m 506 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 487.75 m 562 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 473.75 m 562 473.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 438.75 m 443 438.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 424.75 m 443 424.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 438.75 m 447 438.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 424.75 m 447 424.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 438.75 m 502 438.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 424.75 m 502 424.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 438.75 m 506 438.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 424.75 m 506 424.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506 438.75 m 562 438.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506 424.75 m 562 424.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 660.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 669.48 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.90 659.48 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 646.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 646.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.50 646.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 632.43 Td (Cash ) Tj ET Q q 0 0 0 rg BT 76.67 632.43 Td (Flows ) Tj ET Q q 0 0 0 rg BT 104.17 632.43 Td (fr) Tj ET Q q 0 0 0 rg BT 111.85 632.43 Td (om ) Tj ET Q q 0 0 0 rg BT 127.59 632.43 Td (Financing ) Tj ET Q q 0 0 0 rg BT 172.60 632.43 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 632.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 632.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 618.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 618.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.04 618.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 618.32 Td (1,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 618.32 Td (782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 604.32 Td (Repayments ) Tj ET Q q 0 0 0 rg BT 116.43 604.32 Td (of ) Tj ET Q q 0 0 0 rg BT 127.26 604.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 604.37 Td (\(1,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 604.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 604.37 Td (\(263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 604.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 590.32 Td (Debt ) Tj ET Q q 0 0 0 rg BT 86.44 590.32 Td (fees ) Tj ET Q q 0 0 0 rg BT 105.04 590.32 Td (paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 590.37 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 590.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 590.37 Td (\(24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 590.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 576.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 576.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.04 576.32 Td (debt ) Tj ET Q q 0 0 0 rg BT 144.75 576.32 Td (to ) Tj ET Q q 0 0 0 rg BT 155.03 576.32 Td (related ) Tj ET Q q 0 0 0 rg BT 184.73 576.32 Td (party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 576.32 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 576.32 Td (215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 562.32 Td (Repayments ) Tj ET Q q 0 0 0 rg BT 116.43 562.32 Td (of ) Tj ET Q q 0 0 0 rg BT 127.26 562.32 Td (debt ) Tj ET Q q 0 0 0 rg BT 146.98 562.32 Td (to ) Tj ET Q q 0 0 0 rg BT 157.26 562.32 Td (related ) Tj ET Q q 0 0 0 rg BT 186.96 562.32 Td (party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 562.37 Td (\(519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 562.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 562.37 Td (\(120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 562.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 548.32 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 103.67 548.32 Td (paid ) Tj ET Q q 0 0 0 rg BT 123.39 548.32 Td (to ) Tj ET Q q 0 0 0 rg BT 133.67 548.32 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 198.38 548.32 Td (interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 548.37 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 548.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 548.37 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 548.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 534.32 Td (Contribution ) Tj ET Q q 0 0 0 rg BT 118.11 534.32 Td (from ) Tj ET Q q 0 0 0 rg BT 140.05 534.32 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 204.76 534.32 Td (interests, ) Tj ET Q q 0 0 0 rg BT 243.09 534.32 Td (net ) Tj ET Q q 0 0 0 rg BT 257.81 534.32 Td (of ) Tj ET Q q 0 0 0 rg BT 268.64 534.32 Td (issuance ) Tj ET Q q 0 0 0 rg BT 305.01 534.32 Td (costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 534.32 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 534.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 520.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 520.32 Td (relating ) Tj ET Q q 0 0 0 rg BT 136.14 520.32 Td (to ) Tj ET Q q 0 0 0 rg BT 146.42 520.32 Td (share ) Tj ET Q q 0 0 0 rg BT 170.02 520.32 Td (forward ) Tj ET Q q 0 0 0 rg BT 204.17 520.32 Td 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408.50 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 304.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 304.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 304.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 274.75 127.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.50 274.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 274.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 274.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 274.75 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 274.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 274.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 274.75 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 635.75 m 163.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 610.75 m 163.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 635.75 m 167.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 610.75 m 167.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 635.75 m 217.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 610.75 m 217.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 635.75 m 221.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 610.75 m 221.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 635.75 m 276.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 610.75 m 276.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 635.75 m 280.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 610.75 m 280.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 635.75 m 341.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 610.75 m 341.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 635.75 m 345.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 610.75 m 345.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 635.75 m 408.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 610.75 m 408.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 635.75 m 412.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 610.75 m 412.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 635.75 m 463.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 610.75 m 463.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 635.75 m 467.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 610.75 m 467.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 635.75 m 518.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 610.75 m 518.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 635.75 m 522.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 610.75 m 522.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 635.75 m 574.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 610.75 m 574.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 485.75 m 163.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 470.75 m 163.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 485.75 m 167.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 470.75 m 167.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 485.75 m 217.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 470.75 m 217.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 485.75 m 221.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 470.75 m 221.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 485.75 m 276.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 470.75 m 276.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 485.75 m 280.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 470.75 m 280.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 485.75 m 341.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 470.75 m 341.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 485.75 m 345.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 470.75 m 345.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 485.75 m 408.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 470.75 m 408.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 485.75 m 412.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 470.75 m 412.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 485.75 m 463.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 470.75 m 463.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 485.75 m 467.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 470.75 m 467.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 485.75 m 518.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 470.75 m 518.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 485.75 m 522.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 470.75 m 522.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 485.75 m 574.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 470.75 m 574.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 443.75 m 163.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 419.75 m 163.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 443.75 m 167.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 419.75 m 167.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 443.75 m 217.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 419.75 m 217.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 443.75 m 221.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 419.75 m 221.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 443.75 m 276.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 419.75 m 276.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 443.75 m 280.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 419.75 m 280.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 443.75 m 341.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 419.75 m 341.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 443.75 m 345.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 419.75 m 345.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 443.75 m 408.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 419.75 m 408.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 443.75 m 412.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 419.75 m 412.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 443.75 m 463.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 419.75 m 463.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 443.75 m 467.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 419.75 m 467.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 443.75 m 518.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 419.75 m 518.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 443.75 m 522.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 419.75 m 522.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 443.75 m 574.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 419.75 m 574.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 259.75 m 463.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 259.75 m 518.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 259.75 m 163.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 245.75 m 163.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 259.75 m 217.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 245.75 m 217.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 259.75 m 276.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 245.75 m 276.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 259.75 m 341.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 245.75 m 341.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 259.75 m 408.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 245.75 m 408.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 259.75 m 463.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 245.75 m 463.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 259.75 m 518.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 245.75 m 518.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 259.75 m 574.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 245.75 m 574.5 245.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 640.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.25 650.43 Td (Common) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.45 640.43 Td (shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.70 660.43 Td (Additional) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.20 650.43 Td (paid-in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.05 640.43 Td (capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.10 650.43 Td (Contributed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.65 640.43 Td (surplus) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 650.43 Td (Accumulated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.05 640.43 Td (OCI) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.30 650.43 Td (Retained) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 640.43 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.30 640.43 Td (NCI) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.05 650.43 Td (T) Tj ET Q q 0 0 0 rg BT 542.80 650.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 640.43 Td (equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 625.43 Td (Balance at December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 615.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.65 615.43 Td (938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.15 615.43 Td (2,332) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 615.43 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 615.43 Td (194) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 615.43 Td (83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 615.43 Td (521) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 615.43 Td (6,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 600.42 Td (Sale of treasury shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 600.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 600.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 585.42 Td (Purchase of treasury shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.30 585.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 585.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.30 585.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.65 585.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 570.42 Td (Employee stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 560.42 Td (issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 560.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 560.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 560.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 560.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 560.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 560.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 560.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 546.32 Td (Establishment of non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 536.32 Td (controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 546.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 546.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 546.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 546.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 546.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 546.32 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 546.32 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 520.42 Td (Other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 520.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 520.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 520.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 520.47 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 520.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.65 520.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.30 520.42 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 505.42 Td (Dividend payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 505.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 505.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 505.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 505.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 505.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.30 505.47 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.30 505.42 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 490.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 490.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 490.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 490.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 490.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 490.42 Td (409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 490.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 490.42 Td (440) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 475.43 Td (Balance at March 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.65 475.43 Td (939) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.15 475.43 Td (2,329) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 475.43 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 475.43 Td (175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 475.43 Td (491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 475.43 Td (639) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 475.43 Td (6,530) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 434.43 Td (Balance at December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 424.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.65 424.43 Td (938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.15 424.43 Td (2,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 424.43 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 424.43 Td (528) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 424.43 Td (1,449) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 424.43 Td (690) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 424.43 Td (8,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 409.42 Td (Sale and purchase of treasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 399.42 Td (shares, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 399.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.30 399.42 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 399.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 399.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 399.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 399.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 399.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.30 399.42 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.65 399.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 384.42 Td (Share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 384.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 384.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 384.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 384.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 384.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 384.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 384.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 370.32 Td (Employee stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 360.32 Td (issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 370.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 370.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 370.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 370.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 370.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 370.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 370.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 344.42 Td (Deconsolidation of seadrill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 334.42 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.30 334.47 Td (\(115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 334.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.30 334.42 Td (\(115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.65 334.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 319.42 Td (Initial public offering of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 309.42 Td (North Atlantic Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 309.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 309.42 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 309.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 309.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 309.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 309.42 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.65 309.42 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 294.42 Td (Other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 294.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 294.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 294.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 294.47 Td (\(99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 294.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.30 294.47 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.30 294.42 Td (\(148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.65 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 279.42 Td (Dividend payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 279.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 279.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 279.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 279.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.30 279.47 Td (\(459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 279.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.30 279.47 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.65 279.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.30 279.42 Td (\(476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.65 279.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 264.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 264.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 264.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 264.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 264.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 264.42 Td (3,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 264.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 264.42 Td (3,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 250.43 Td (Balance at March 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.65 250.43 Td (938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.15 250.43 Td (2,705) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 250.43 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 250.43 Td (429) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 250.43 Td (4,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 250.43 Td (587) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 250.43 Td (10,673) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 234.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 222.25 Td (See ) Tj ET Q q 0 0 0 rg BT 52.38 222.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 113.19 222.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 136.80 222.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.86 222.25 Td (ar) Tj ET Q q 0 0 0 rg BT 163.38 222.25 Td (e ) Tj ET Q q 0 0 0 rg BT 170.32 222.25 Td (an ) Tj ET Q q 0 0 0 rg BT 182.82 222.25 Td (integral ) Tj ET Q q 0 0 0 rg BT 216.98 222.25 Td (part ) Tj ET Q q 0 0 0 rg BT 236.15 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.43 222.25 Td (these ) Tj ET Q q 0 0 0 rg BT 269.48 222.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 325.31 222.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 366.69 222.25 Td (Statements.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 742.25 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 718.25 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 718.25 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 718.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 718.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 718.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 694.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 79.99 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 694.25 Td (General ) Tj ET Q q 0 0 0 rg BT 124.42 694.25 Td (information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.01 670.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 116.58 670.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.16 670.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 177.60 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.29 670.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 225.85 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.20 670.25 Td (is ) Tj ET Q q 0 0 0 rg BT 250.77 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 257.12 670.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 291.80 670.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 315.38 670.25 Td (company ) Tj ET Q q 0 0 0 rg BT 353.94 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 365.85 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.97 670.25 Td (New ) Tj ET Q q 0 0 0 rg BT 400.48 670.25 Td (Y) Tj ET Q q 0 0 0 rg BT 406.70 670.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 421.94 670.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 446.62 670.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 487.96 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.30 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.43 670.25 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 539.23 670.25 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 94.80 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 103.43 658.25 Td (e ) Tj ET Q q 0 0 0 rg BT 110.97 658.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 144.61 658.25 Td (of) Tj ET Q q 0 0 0 rg BT 152.76 658.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 180.85 658.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 213.38 658.25 Td (services ) Tj ET Q q 0 0 0 rg BT 248.69 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.56 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.87 658.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 288.53 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.06 658.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 322.49 658.25 Td (industry) Tj ET Q q 0 0 0 rg BT 354.62 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 359.53 658.25 Td (As ) Tj ET Q q 0 0 0 rg BT 373.74 658.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.16 658.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 429.36 658.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.36 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 452.45 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 467.21 658.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 496.96 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.50 658.25 Td (operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.02 658.25 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 646.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 85.30 646.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 116.91 646.25 Td (units ) Tj ET Q q 0 0 0 rg BT 138.52 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.12 646.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.72 646.25 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.72 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.89 646.25 Td (units ) Tj ET Q q 0 0 0 rg BT 205.50 646.25 Td (under ) Tj ET Q q 0 0 0 rg BT 230.43 646.25 Td (construction. ) Tj ET Q q 0 0 0 rg BT 284.53 646.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 302.24 646.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 322.17 646.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 356.00 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.49 646.25 Td (drillships, ) Tj ET Q q 0 0 0 rg BT 408.38 646.25 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 440.53 646.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 457.70 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.30 646.25 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 547.00 646.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 564.50 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 634.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 108.32 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 634.25 Td (shallow ) Tj ET Q q 0 0 0 rg BT 152.20 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.14 634.25 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 212.72 634.25 Td (areas, ) Tj ET Q q 0 0 0 rg BT 238.26 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.09 634.25 Td (well ) Tj ET Q q 0 0 0 rg BT 268.81 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 279.64 634.25 Td (benign ) Tj ET Q q 0 0 0 rg BT 309.36 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.29 634.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 350.45 634.25 Td (environments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.43 610.25 Td (used ) Tj ET Q q 0 0 0 rg BT 82.08 610.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 110.88 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.64 610.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 152.95 610.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 193.15 610.25 Td (required ) Tj ET Q q 0 0 0 rg BT 227.78 610.25 Td (by ) Tj ET Q q 0 0 0 rg BT 239.10 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.63 610.25 Td (context, ) Tj ET Q q 0 0 0 rg BT 285.88 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.42 610.25 Td (term ) Tj ET Q q 0 0 0 rg BT 319.06 610.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 360.36 610.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 384.43 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.53 610.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 425.95 610.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 458.93 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.68 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.22 610.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 511.75 610.25 Td (Company, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 75.45 598.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 114.78 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.40 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.25 598.25 Td (words ) Tj ET Q q 0 0 0 rg BT 183.10 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.84 598.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 224.02 598.25 Td (import ) Tj ET Q q 0 0 0 rg BT 253.09 598.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 274.37 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.56 598.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 318.07 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.92 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 346.77 598.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 399.72 598.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 447.22 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 465.18 598.25 Td (use ) Tj ET Q q 0 0 0 rg BT 480.92 598.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 508.31 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.05 598.25 Td (such ) Tj ET Q q 0 0 0 rg BT 539.79 598.25 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.43 586.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 88.36 586.25 Td (or) Tj ET Q q 0 0 0 rg BT 96.51 586.25 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 142.77 586.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 159.03 586.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 172.52 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.95 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.49 586.25 Td (its, ) Tj ET Q q 0 0 0 rg BT 218.54 586.25 Td (or ) Tj ET Q q 0 0 0 rg BT 228.98 586.25 Td (references ) Tj ET Q q 0 0 0 rg BT 272.15 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.03 586.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 315.23 586.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 348.71 586.25 Td (is ) Tj ET Q q 0 0 0 rg BT 357.49 586.25 Td (not ) Tj ET Q q 0 0 0 rg BT 372.37 586.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 408.90 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.78 586.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.32 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.86 586.25 Td (precise ) Tj ET Q q 0 0 0 rg BT 467.28 586.25 Td (description ) Tj ET Q q 0 0 0 rg BT 513.82 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.25 586.25 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (relationships.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.17 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.45 550.25 Td (pr) Tj ET Q q 0 0 0 rg BT 92.97 550.25 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 526.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 110.54 526.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 142.19 526.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 195.51 526.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.27 526.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 278.26 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 293.25 526.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 319.35 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.90 526.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 377.64 526.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.20 526.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 438.18 526.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 475.92 526.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 522.57 526.25 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.70 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.83 514.25 Td (United ) Tj ET Q q 0 0 0 rg BT 105.97 514.25 Td (States ) Tj ET Q q 0 0 0 rg BT 132.78 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.38 514.25 Td (America ) Tj ET Q q 0 0 0 rg BT 180.73 514.25 Td (\(US ) Tj ET Q q 0 0 0 rg BT 199.76 514.25 Td (GAAP\). ) Tj ET Q q 0 0 0 rg BT 235.53 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 253.99 514.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 296.35 514.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 328.15 514.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 381.61 514.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.51 514.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 464.64 514.25 Td (do ) Tj ET Q q 0 0 0 rg BT 477.56 514.25 Td (not ) Tj ET Q q 0 0 0 rg BT 493.26 514.25 Td (include ) Tj ET Q q 0 0 0 rg BT 525.61 514.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.53 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 514.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 97.47 502.25 Td (required ) Tj ET Q q 0 0 0 rg BT 133.81 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.62 502.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 184.30 502.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 213.98 502.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.99 502.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 299.51 502.25 Td (These ) Tj ET Q q 0 0 0 rg BT 326.42 502.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 358.33 502.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.34 502.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 441.58 502.25 Td (should ) Tj ET Q q 0 0 0 rg BT 471.28 502.25 Td (be ) Tj ET Q q 0 0 0 rg BT 483.75 502.25 Td (read ) Tj ET Q q 0 0 0 rg BT 503.98 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.79 502.25 Td (conjunction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.16 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 85.87 490.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 114.90 490.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.27 490.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.86 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 207.57 490.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.17 490.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.63 490.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.63 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 300.34 490.25 Td (The ) Tj ET Q q 0 0 0 rg BT 318.27 490.25 Td (year) Tj ET Q q 0 0 0 rg BT 335.27 490.25 Td (-end ) Tj ET Q q 0 0 0 rg BT 355.42 490.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 400.01 490.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 432.92 490.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 455.85 490.25 Td (data ) Tj ET Q q 0 0 0 rg BT 474.88 490.25 Td (that ) Tj ET Q q 0 0 0 rg BT 492.26 490.25 Td (was ) Tj ET Q q 0 0 0 rg BT 510.19 490.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 542.56 490.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.58 478.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 97.27 478.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 119.52 478.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.75 478.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 201.22 478.25 Td (does ) Tj ET Q q 0 0 0 rg BT 221.80 478.25 Td (not ) Tj ET Q q 0 0 0 rg BT 236.83 478.25 Td (include ) Tj ET Q q 0 0 0 rg BT 268.52 478.25 Td (all ) Tj ET Q q 0 0 0 rg BT 280.77 478.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 327.46 478.25 Td (required ) Tj ET Q q 0 0 0 rg BT 363.02 478.25 Td (by ) Tj ET Q q 0 0 0 rg BT 375.28 478.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 421.40 478.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 463.09 478.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 502.54 478.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 539.76 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 478.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (United ) Tj ET Q q 0 0 0 rg BT 79.32 466.25 Td (States ) Tj ET Q q 0 0 0 rg BT 105.32 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.29 466.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 154.32 466.25 Td (In ) Tj ET Q q 0 0 0 rg BT 164.76 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.08 466.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 211.74 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.18 466.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 277.88 466.25 Td (all ) Tj ET Q q 0 0 0 rg BT 289.98 466.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 339.86 466.25 Td (\(consisting ) Tj ET Q q 0 0 0 rg BT 385.85 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.29 466.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 426.72 466.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 465.48 466.25 Td (adjustments\) ) Tj ET Q q 0 0 0 rg BT 518.69 466.25 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 91.50 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 105.79 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.87 454.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 129.38 454.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 170.33 454.25 Td (have ) Tj ET Q q 0 0 0 rg BT 191.84 454.25 Td (been ) Tj ET Q q 0 0 0 rg BT 213.35 454.25 Td (included. ) Tj ET Q q 0 0 0 rg BT 252.73 454.25 Td (The ) Tj ET Q q 0 0 0 rg BT 270.91 454.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 307.43 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 322.27 454.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 363.22 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.63 454.25 Td (United ) Tj ET Q q 0 0 0 rg BT 403.48 454.25 Td (States ) Tj ET Q q 0 0 0 rg BT 430.00 454.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 455.96 454.25 Td (\(US ) Tj ET Q q 0 0 0 rg BT 474.70 454.25 Td (dollar\) ) Tj ET Q q 0 0 0 rg BT 503.99 454.25 Td (rounded ) Tj ET Q q 0 0 0 rg BT 539.39 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 454.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (nearest ) Tj ET Q q 0 0 0 rg BT 80.82 442.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 114.71 442.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 142.21 442.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 168.03 442.25 Td (otherwise.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 95.83 418.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 142.76 418.25 Td (policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.41 394.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 113.14 394.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 146.10 394.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 179.62 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.25 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.33 394.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 250.72 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.91 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.99 394.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 316.28 394.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 347.02 394.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.86 394.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 427.93 394.25 Td (are ) Tj ET Q q 0 0 0 rg BT 442.00 394.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 483.85 394.25 Td (with ) Tj ET Q q 0 0 0 rg BT 503.49 394.25 Td (those ) Tj ET Q q 0 0 0 rg BT 526.46 394.25 Td (followed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.24 382.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 121.89 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.34 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.80 382.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 176.57 382.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 208.13 382.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 260.79 382.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.89 382.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 342.23 382.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.01 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.35 382.25 Td (year ) Tj ET Q q 0 0 0 rg BT 389.68 382.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.67 382.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 473.88 382.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.88 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.00 382.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 523.12 382.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.21 370.25 Td (these ) Tj ET Q q 0 0 0 rg BT 120.26 370.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 162.19 370.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 193.57 370.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.05 370.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 275.77 370.25 Td (as ) Tj ET Q q 0 0 0 rg BT 286.60 370.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 321.85 370.25 Td (disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 334.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 79.99 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 334.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 118.87 334.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 170.26 334.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 180.63 334.25 Td (onouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Recently ) Tj ET Q q 0 0 0 rg BT 86.74 310.25 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 122.38 310.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 170.42 310.25 Td (Standar) Tj ET Q q 0 0 0 rg BT 201.72 310.25 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (Balance sheetEf) Tj ET Q q 0 0 0 rg BT 124.51 286.25 Td (fective January 1, 2014, the Company has adopted the accounting standards update that expands on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (recognition, measurement and disclosure obligations resulting from joint and several liability arrangements for which the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (amount of the obligation is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (generally accepted accounting principles \(GAAP\). ) Tj ET Q q 0 0 0 rg BT 254.18 250.25 Td (The update requires measurement of the obligations resulting from joint and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (several liability arrangements for which the total amount of the obligation is fixed at the reporting date, as the sum of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (amount the entity agreed to pay on the basis of its arrangement and any additional amount the Company expects to pay on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (behalf of its co-obligors. ) Tj ET Q q 0 0 0 rg BT 150.63 214.25 Td (The update also requires an entity to disclose the nature, amount and other information of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 95.37 202.25 Td (The update is ef) Tj ET Q q 0 0 0 rg BT 159.33 202.25 Td (fective for interim and annual periods beginning on or after December 15, 2013. ) Tj ET Q q 0 0 0 rg BT 482.65 202.25 Td (The adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (this standard update did not have a material ef) Tj ET Q q 0 0 0 rg BT 234.20 190.25 Td (fect on our financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 154.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 79.99 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 154.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 126.65 154.25 Td (information) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 130.25 Td (segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.71 106.25 Td (company ) Tj ET Q q 0 0 0 rg BT 106.54 106.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 143.14 106.25 Td (of) Tj ET Q q 0 0 0 rg BT 151.29 106.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 178.45 106.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 210.06 106.25 Td (services ) Tj ET Q q 0 0 0 rg BT 244.44 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.38 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.77 106.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 281.49 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.10 106.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 313.60 106.25 Td (industry) Tj ET Q q 0 0 0 rg BT 345.73 106.25 Td (. ) Tj ET Q q 0 0 0 rg BT 350.40 106.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 368.12 106.25 Td (business ) Tj ET Q q 0 0 0 rg BT 404.17 106.25 Td (has ) Tj ET Q q 0 0 0 rg BT 419.67 106.25 Td (been ) Tj ET Q q 0 0 0 rg BT 440.72 106.25 Td (or) Tj ET Q q 0 0 0 rg BT 448.87 106.25 Td (ganized ) Tj ET Q q 0 0 0 rg BT 482.13 106.25 Td (into ) Tj ET Q q 0 0 0 rg BT 499.85 106.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 539.24 106.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.96 94.25 Td (dif) Tj ET Q q 0 0 0 rg BT 72.88 94.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 108.14 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.88 94.25 Td (management ) Tj ET Q q 0 0 0 rg BT 170.92 94.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 207.86 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.26 94.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 265.37 94.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 306.20 94.25 Td (characteristics, ) Tj ET Q q 0 0 0 rg BT 367.84 94.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 406.45 94.25 Td (base, ) Tj ET Q q 0 0 0 rg BT 428.67 94.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 450.07 94.25 Td (class, ) Tj ET Q q 0 0 0 rg BT 473.96 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.36 94.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 524.51 94.25 Td (structure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 82.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 82.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 104.17 82.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 136.09 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.37 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.09 82.25 Td (following ) Tj ET Q q 0 0 0 rg BT 202.48 82.25 Td (three ) Tj ET Q q 0 0 0 rg BT 224.96 82.25 Td (segments:) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Floaters: ) Tj ET Q q 0 0 0 rg BT 86.87 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.51 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.96 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 110.11 742.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 123.23 742.10 Td (services ) Tj ET Q q 0 0 0 rg BT 157.46 742.10 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 216.13 742.10 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 250.09 742.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 297.10 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.56 742.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 366.11 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.46 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 384.60 742.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 411.61 742.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 459.18 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.63 742.10 Td (production ) Tj ET Q q 0 0 0 rg BT 520.98 742.10 Td (wells. ) Tj ET Q q 0 0 0 rg BT 546.46 742.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.61 730.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 119.88 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.71 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 150.33 730.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 185.82 730.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 210.20 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.14 730.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 292.86 730.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 310.03 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.64 730.10 Td (drillships ) Tj ET Q q 0 0 0 rg BT 366.03 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.86 730.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 403.69 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.30 730.10 Td (benign ) Tj ET Q q 0 0 0 rg BT 449.69 730.10 Td (environments ) Tj ET Q q 0 0 0 rg BT 506.29 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.24 730.10 Td (mid-, ) Tj ET Q q 0 0 0 rg BT 539.80 730.10 Td (deep- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 718.10 Td (ultra-deep ) Tj ET Q q 0 0 0 rg BT 109.97 718.10 Td (waters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 83.22 694.10 Td (rigs: ) Tj ET Q q 0 0 0 rg BT 102.96 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 111.60 694.10 Td (e ) Tj ET Q q 0 0 0 rg BT 118.16 694.10 Td (of) Tj ET Q q 0 0 0 rg BT 126.31 694.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 139.53 694.10 Td (services ) Tj ET Q q 0 0 0 rg BT 173.86 694.10 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 232.63 694.10 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 266.70 694.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 313.81 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.37 694.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 383.02 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.47 694.10 Td (of) Tj ET Q q 0 0 0 rg BT 401.62 694.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 428.73 694.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 476.39 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.95 694.10 Td (production ) Tj ET Q q 0 0 0 rg BT 538.39 694.10 Td (wells. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 682.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 99.99 682.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 138.58 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.74 682.10 Td (this ) Tj ET Q q 0 0 0 rg BT 169.69 682.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 205.52 682.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 230.22 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.50 682.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 272.98 682.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 290.48 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.64 682.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 348.80 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.08 682.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 383.24 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.18 682.10 Td (benign ) Tj ET Q q 0 0 0 rg BT 429.89 682.10 Td (environments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 658.10 Td (ender ) Tj ET Q q 0 0 0 rg BT 79.54 658.10 Td (rigs: ) Tj ET Q q 0 0 0 rg BT 99.09 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.73 658.10 Td (e ) Tj ET Q q 0 0 0 rg BT 114.09 658.10 Td (of) Tj ET Q q 0 0 0 rg BT 122.24 658.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 135.25 658.10 Td (services ) Tj ET Q q 0 0 0 rg BT 169.38 658.10 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 227.95 658.10 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 261.81 658.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 308.72 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.08 658.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 377.52 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.77 658.10 Td (of) Tj ET Q q 0 0 0 rg BT 395.92 658.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 422.83 658.10 Td (production ) Tj ET Q q 0 0 0 rg BT 468.07 658.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 491.10 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.79 658.10 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 541.18 658.10 Td (Asia, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 646.10 Td (est ) Tj ET Q q 0 0 0 rg BT 72.29 646.10 Td (Africa ) Tj ET Q q 0 0 0 rg BT 101.09 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.79 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.55 646.10 Td (Americas. ) Tj ET Q q 0 0 0 rg BT 177.40 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 196.21 646.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 228.92 646.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 268.27 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.20 646.10 Td (this ) Tj ET Q q 0 0 0 rg BT 300.91 646.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 337.50 646.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 362.97 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.01 646.10 Td (self-erecting ) Tj ET Q q 0 0 0 rg BT 427.24 646.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 455.49 646.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 473.76 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.46 646.10 Td (semi-submersible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 77.49 634.10 Td (rigs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Segment ) Tj ET Q q 0 0 0 rg BT 87.50 610.10 Td (results ) Tj ET Q q 0 0 0 rg BT 116.12 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.84 610.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 171.66 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 184.17 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.90 610.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 221.41 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.25 610.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 272.52 610.10 Td (profit, ) Tj ET Q q 0 0 0 rg BT 299.75 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.69 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.42 610.10 Td (information ) Tj ET Q q 0 0 0 rg BT 381.14 610.10 Td (given ) Tj ET Q q 0 0 0 rg BT 405.87 610.10 Td (below ) Tj ET Q q 0 0 0 rg BT 432.82 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.00 610.10 Td (based ) Tj ET Q q 0 0 0 rg BT 467.28 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 479.79 610.10 Td (information ) Tj ET Q q 0 0 0 rg BT 529.51 610.10 Td (used ) Tj ET Q q 0 0 0 rg BT 550.35 610.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 81.89 598.10 Td (management ) Tj ET Q q 0 0 0 rg BT 134.32 598.10 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 174.72 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.61 598.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 236.83 598.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 277.61 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.61 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.17 598.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 342.73 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 356.28 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.85 598.10 Td (same ) Tj ET Q q 0 0 0 rg BT 391.74 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 401.41 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.42 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.09 598.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 480.98 598.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.30 598.10 Td (statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Contract ) Tj ET Q q 0 0 0 rg BT 88.62 574.10 Td (revenues) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 526.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 526.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 526.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 526.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 526.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 526.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 498.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 498.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 498.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 498.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 498.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 484.6 m 438.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 470.6 m 438.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 484.6 m 442.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 470.6 m 442.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 484.6 m 446.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 470.6 m 446.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 484.6 m 502.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 470.6 m 502.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 484.6 m 506.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 470.6 m 506.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 484.6 m 562.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 470.6 m 562.5 470.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 545.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 554.33 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.90 544.33 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 531.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 531.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 531.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.17 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 517.17 Td (787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 517.17 Td (757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.17 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 503.17 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 503.17 Td (305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 503.17 Td (256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 489.17 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 489.17 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 489.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 489.17 Td (182) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 475.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 475.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 475.28 Td (1,092) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 475.28 Td (1,195) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 105.83 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.89 447.10 Td (amortization) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 399.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 399.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 399.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 399.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 399.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 399.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 371.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 371.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 357.6 m 438.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 343.6 m 438.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 357.6 m 442.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 343.6 m 442.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 357.6 m 446.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 343.6 m 446.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 357.6 m 502.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 343.6 m 502.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 357.6 m 506.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 343.6 m 506.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 357.6 m 562.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 343.6 m 562.5 343.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 418.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 427.33 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.90 417.33 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 404.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 404.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 404.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 390.17 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 390.17 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 390.17 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 376.17 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 376.17 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 376.17 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 376.17 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 362.17 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 362.17 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 362.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 362.17 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 348.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 348.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 348.28 Td (174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 348.28 Td (161) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 320.10 Td (income ) Tj ET Q q 0 0 0 rg BT 126.67 320.10 Td (- ) Tj ET Q q 0 0 0 rg BT 132.50 320.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 149.43 320.10 Td (Income) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 272.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 272.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 272.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 272.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 272.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 272.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 244.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 244.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 244.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 244.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 244.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 202.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 202.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 202.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 202.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 202.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 202.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 174.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 174.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 174.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 230.60000000000002 m 438.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 216.60000000000002 m 438.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 230.60000000000002 m 442.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 216.60000000000002 m 442.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 230.60000000000002 m 446.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 216.60000000000002 m 446.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 230.60000000000002 m 502.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 216.60000000000002 m 502.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 230.60000000000002 m 506.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 216.60000000000002 m 506.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 230.60000000000002 m 562.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 216.60000000000002 m 562.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 174.60000000000002 m 438.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 160.60000000000002 m 438.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 174.60000000000002 m 442.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 160.60000000000002 m 442.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 174.60000000000002 m 446.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 160.60000000000002 m 446.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 174.60000000000002 m 502.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 160.60000000000002 m 502.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 174.60000000000002 m 506.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 160.60000000000002 m 506.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 174.60000000000002 m 562.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 160.60000000000002 m 562.5 160.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 291.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 300.33 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.90 290.33 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 277.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 277.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 263.17 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 263.17 Td (784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 263.17 Td (317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.17 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 249.17 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 249.17 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 249.17 Td (145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 235.17 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 235.17 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 235.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 235.17 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 221.28 Td (Operating ) Tj ET Q q 0 0 0 rg BT 99.39 221.28 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 221.28 Td (890) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 221.28 Td (552) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 207.16 Td (Unallocated ) Tj ET Q q 0 0 0 rg BT 104.93 207.16 Td (items:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 207.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 207.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 193.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 193.17 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.91 193.17 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.39 193.17 Td (items ) Tj ET Q q 0 0 0 rg BT 137.55 193.17 Td (and ) Tj ET Q q 0 0 0 rg BT 154.49 193.17 Td (other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 193.17 Td (2,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 193.22 Td (\(68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 193.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 179.17 Td (Income ) Tj ET Q q 0 0 0 rg BT 85.49 179.17 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 179.22 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 179.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 179.22 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 179.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 165.28 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 165.28 Td (Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 165.28 Td (3,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 165.28 Td (440) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 742.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.88 742.25 Td (Assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 698.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 698.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 698.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 698.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 698.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 670.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 670.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 656.75 m 414.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 642.75 m 414.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 656.75 m 418.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 642.75 m 418.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 656.75 m 488.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 642.75 m 488.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 656.75 m 492.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 642.75 m 492.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 656.75 m 562.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 642.75 m 562.5 642.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 703.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 703.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 703.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.85 713.43 Td (As of March) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 703.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.05 722.48 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 712.48 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 702.48 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 689.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 689.32 Td (19,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 689.32 Td (19,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 675.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 675.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 675.32 Td (8,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 675.32 Td (5,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 661.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 661.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 661.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 661.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 661.32 Td (579) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 647.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 647.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 647.43 Td (27,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 647.43 Td (26,300) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (Goodwill) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 575.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 575.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 575.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 575.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 547.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 547.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 547.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 547.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 533.75 m 414.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 519.75 m 414.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 533.75 m 418.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 519.75 m 418.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 533.75 m 488.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 519.75 m 488.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 533.75 m 492.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 519.75 m 492.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 533.75 m 562.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 519.75 m 562.5 519.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 580.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 580.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 580.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.85 590.43 Td (As of March) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 580.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.05 599.48 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 589.48 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 579.48 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 566.32 Td (646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 566.32 Td (890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 552.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 552.32 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 552.32 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 538.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 538.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 538.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 538.32 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 524.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 524.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 524.43 Td (927) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 524.43 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 496.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 73.25 496.25 Td (liabilities) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 452.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 452.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 452.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 452.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 424.75 364.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 424.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 424.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 410.75 m 414.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 396.75 m 414.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 410.75 m 418.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 396.75 m 418.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 410.75 m 488.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 396.75 m 488.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 410.75 m 492.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 396.75 m 492.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 410.75 m 562.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 396.75 m 562.5 396.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 457.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 457.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 457.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.85 467.43 Td (As of March) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 457.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.05 476.48 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 466.48 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 456.48 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 443.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 443.32 Td (11,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 443.32 Td (13,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 429.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 429.32 Td (5,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 429.32 Td (4,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 415.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 415.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 415.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 415.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 415.32 Td (399) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 401.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 401.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 401.43 Td (16,818) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 401.43 Td (18,098) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 82.50 373.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 137.78 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 145.28 373.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 168.33 373.25 Td (assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.75 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 313.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 313.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 313.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 313.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.75 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 285.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 285.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 285.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 285.75 68.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 271.75 m 416.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 257.75 m 416.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 271.75 m 420.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 257.75 m 420.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 271.75 m 490.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 257.75 m 490.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 271.75 m 494.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 257.75 m 494.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 271.75 m 562.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 257.75 m 562.5 257.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 332.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 332.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 332.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.50 341.48 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.90 331.48 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 318.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 318.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 318.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 304.32 Td (364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 304.32 Td (1,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 290.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 290.32 Td (457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 290.32 Td (981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 276.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 276.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 276.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 276.32 Td (183) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 262.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 262.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 262.43 Td (821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 262.43 Td (2,654) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 222.25 Td (Note 4 - Deconsolidation of seadrill Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.88 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.99 198.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 115.10 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.32 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.43 198.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 180.89 198.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 227.20 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.42 198.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 270.42 198.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 305.08 198.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 325.85 198.25 Td (\(seadrill ) Tj ET Q q 0 0 0 rg BT 362.18 198.25 Td (Partners\) ) Tj ET Q q 0 0 0 rg BT 400.17 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.28 198.25 Td (board ) Tj ET Q q 0 0 0 rg BT 438.94 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.16 198.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 486.03 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.25 198.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 529.25 198.25 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.15 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.65 186.25 Td (power ) Tj ET Q q 0 0 0 rg BT 112.91 186.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.97 186.25 Td (oversee ) Tj ET Q q 0 0 0 rg BT 155.78 186.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.50 186.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 197.54 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.03 186.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.97 186.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 269.07 186.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.79 186.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 319.16 186.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.87 186.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 378.13 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.62 186.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 432.67 186.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.38 186.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 482.76 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.37 186.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 526.75 186.25 Td (Partners. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.25 Td (During ) Tj ET Q q 0 0 0 rg BT 81.13 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.15 174.25 Td (period ) Tj ET Q q 0 0 0 rg BT 124.50 174.25 Td (from ) Tj ET Q q 0 0 0 rg BT 146.74 174.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 180.65 174.25 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 218.02 174.25 Td (IPO ) Tj ET Q q 0 0 0 rg BT 236.94 174.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.52 174.25 Td (October ) Tj ET Q q 0 0 0 rg BT 282.53 174.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 305.33 174.25 Td (until ) Tj ET Q q 0 0 0 rg BT 326.47 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.49 174.25 Td (time ) Tj ET Q q 0 0 0 rg BT 362.07 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.20 174.25 Td (its ) Tj ET Q q 0 0 0 rg BT 385.45 174.25 Td (first ) Tj ET Q q 0 0 0 rg BT 404.36 174.25 Td (ef) Tj ET Q q 0 0 0 rg BT 411.95 174.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 441.33 174.25 Td (AGM ) Tj ET Q q 0 0 0 rg BT 467.47 174.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.27 174.25 Td (January ) Tj ET Q q 0 0 0 rg BT 514.18 174.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 524.48 174.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 549.78 174.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.43 162.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 126.18 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.94 162.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 159.60 162.25 Td (power ) Tj ET Q q 0 0 0 rg BT 187.14 162.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.46 162.25 Td (appoint, ) Tj ET Q q 0 0 0 rg BT 232.50 162.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 265.03 162.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.02 162.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 313.43 162.25 Td (all ) Tj ET Q q 0 0 0 rg BT 325.97 162.25 Td (members ) Tj ET Q q 0 0 0 rg BT 365.17 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.05 162.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 409.70 162.25 Td (Partner's ) Tj ET Q q 0 0 0 rg BT 446.81 162.25 Td (board ) Tj ET Q q 0 0 0 rg BT 472.13 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.01 162.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 523.04 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 525.58 162.25 Td (From ) Tj ET Q q 0 0 0 rg BT 549.80 162.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (first ) Tj ET Q q 0 0 0 rg BT 68.16 150.25 Td (AGM, ) Tj ET Q q 0 0 0 rg BT 96.63 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.48 150.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 148.00 150.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.96 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.81 150.25 Td (board ) Tj ET Q q 0 0 0 rg BT 199.22 150.25 Td (members ) Tj ET Q q 0 0 0 rg BT 238.51 150.25 Td (became ) Tj ET Q q 0 0 0 rg BT 271.67 150.25 Td (electable ) Tj ET Q q 0 0 0 rg BT 309.83 150.25 Td (by ) Tj ET Q q 0 0 0 rg BT 322.47 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.32 150.25 Td (common ) Tj ET Q q 0 0 0 rg BT 374.95 150.25 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 422.58 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.65 150.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 486.20 150.25 Td (, ) Tj ET Q q 0 0 0 rg BT 491.34 150.25 Td (from ) Tj ET Q q 0 0 0 rg BT 513.41 150.25 Td (this ) Tj ET Q q 0 0 0 rg BT 530.49 150.25 Td (date ) Tj ET Q q 0 0 0 rg BT 549.78 150.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.68 138.25 Td (no ) Tj ET Q q 0 0 0 rg BT 102.46 138.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 129.80 138.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 163.79 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.80 138.25 Td (power ) Tj ET Q q 0 0 0 rg BT 204.57 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.14 138.25 Td (control ) Tj ET Q q 0 0 0 rg BT 244.25 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.26 138.25 Td (board ) Tj ET Q q 0 0 0 rg BT 282.82 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.94 138.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 329.71 138.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.83 138.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.06 138.25 Td (result ) Tj ET Q q 0 0 0 rg BT 370.06 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.18 138.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 409.17 138.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 452.63 138.25 Td (in ) Tj ET Q q 0 0 0 rg BT 462.20 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.20 138.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 517.58 138.25 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.46 126.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 103.26 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.49 126.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 166.09 126.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 194.66 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.45 126.25 Td (vote ) Tj ET Q q 0 0 0 rg BT 225.69 126.25 Td (its ) Tj ET Q q 0 0 0 rg BT 238.15 126.25 Td (full ) Tj ET Q q 0 0 0 rg BT 255.06 126.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 288.63 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.98 126.25 Td (common ) Tj ET Q q 0 0 0 rg BT 337.99 126.25 Td (units ) Tj ET Q q 0 0 0 rg BT 360.46 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.25 126.25 Td (an ) Tj ET Q q 0 0 0 rg BT 383.71 126.25 Td (election ) Tj ET Q q 0 0 0 rg BT 418.38 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.73 126.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 467.73 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.53 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.76 126.25 Td (board ) Tj ET Q q 0 0 0 rg BT 519.55 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.89 126.25 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.25 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 87.92 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.99 114.25 Td (As ) Tj ET Q q 0 0 0 rg BT 103.76 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.75 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.41 114.25 Td (January ) Tj ET Q q 0 0 0 rg BT 151.16 114.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 161.32 114.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 186.47 114.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 220.23 114.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 255.66 114.25 Td (is ) Tj ET Q q 0 0 0 rg BT 264.98 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.64 114.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 313.61 114.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.05 114.25 Td (be ) Tj ET Q q 0 0 0 rg BT 336.14 114.25 Td (an ) Tj ET Q q 0 0 0 rg BT 348.24 114.25 Td (af) Tj ET Q q 0 0 0 rg BT 355.82 114.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 386.80 114.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 412.23 114.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.33 114.25 Td (not ) Tj ET Q q 0 0 0 rg BT 444.76 114.25 Td (a ) Tj ET Q q 0 0 0 rg BT 451.85 114.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 495.05 114.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 538.82 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 114.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 102.25 Td (, ) Tj ET Q q 0 0 0 rg BT 93.24 102.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.18 102.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.01 102.25 Td (such ) Tj ET Q q 0 0 0 rg BT 141.84 102.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 175.44 102.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 210.71 102.25 Td (was ) Tj ET Q q 0 0 0 rg BT 228.76 102.25 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 291.24 102.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.74 102.25 Td (by ) Tj ET Q q 0 0 0 rg BT 306.24 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.96 102.25 Td (Company) Tj ET Q q 0 0 0 rg BT 359.19 102.25 Td (.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.70 31.60 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.20 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.72 742.10 Td (result ) Tj ET Q q 0 0 0 rg BT 94.03 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.44 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.75 742.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 184.15 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.46 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.43 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 254.85 742.10 Td (derecognized ) Tj ET Q q 0 0 0 rg BT 310.23 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.54 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.95 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.48 742.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 405.78 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.20 742.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 449.39 742.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 484.24 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.77 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 512.30 742.10 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 82.63 730.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.92 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 140.80 730.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 184.89 730.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 220.64 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.85 730.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 264.38 730.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 299.58 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.45 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 328.32 730.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 353.52 730.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 397.60 730.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 433.36 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.57 730.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 477.10 730.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 512.30 730.10 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.56 718.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 126.01 718.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 165.13 718.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 188.98 718.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 222.54 718.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 264.99 718.10 Td (LP) Tj ET Q q 0 0 0 rg BT 275.55 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.51 718.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 314.07 718.10 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 359.83 718.10 Td (Drillship ) Tj ET Q q 0 0 0 rg BT 397.85 718.10 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 414.19 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.09 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 443.00 718.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 476.00 718.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 520.11 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.90 718.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 81.44 706.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 105.66 706.10 Td (through ) Tj ET Q q 0 0 0 rg BT 139.32 706.10 Td (another ) Tj ET Q q 0 0 0 rg BT 171.86 706.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 202.19 706.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 231.40 706.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 271.86 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.91 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 286.67 706.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 303.10 706.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 329.81 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.80 706.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 381.70 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.75 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.52 706.10 Td (external ) Tj ET Q q 0 0 0 rg BT 436.27 706.10 Td (third ) Tj ET Q q 0 0 0 rg BT 457.71 706.10 Td (party ) Tj ET Q q 0 0 0 rg BT 480.81 706.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 500.58 706.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.22 706.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 694.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 96.48 694.10 Td (units ) Tj ET Q q 0 0 0 rg BT 118.34 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.54 694.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 162.05 694.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 197.23 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 206.31 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 221.50 694.10 Td (derecognized ) Tj ET Q q 0 0 0 rg BT 277.22 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.07 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.70 694.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.00 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.41 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.04 694.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 447.77 694.10 Td (date ) Tj ET Q q 0 0 0 rg BT 466.84 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.58 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.21 694.10 Td (external ) Tj ET Q q 0 0 0 rg BT 526.82 694.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 546.45 694.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.49 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.20 682.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 114.22 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.71 682.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 158.52 682.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 194.00 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.04 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 217.20 682.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 269.63 682.10 Td (however) Tj ET Q q 0 0 0 rg BT 303.66 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.87 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.80 682.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.40 682.10 Td (had ) Tj ET Q q 0 0 0 rg BT 382.55 682.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 414.68 682.10 Td (into ) Tj ET Q q 0 0 0 rg BT 432.95 682.10 Td (back ) Tj ET Q q 0 0 0 rg BT 454.54 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.03 682.10 Td (back ) Tj ET Q q 0 0 0 rg BT 486.62 682.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 506.55 682.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 554.79 682.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.35 670.10 Td (time ) Tj ET Q q 0 0 0 rg BT 86.26 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.73 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.08 670.10 Td (IPO ) Tj ET Q q 0 0 0 rg BT 132.33 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.91 670.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 173.04 670.10 Td (each ) Tj ET Q q 0 0 0 rg BT 194.49 670.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 213.18 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.64 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.22 670.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 264.80 670.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 283.49 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.41 670.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 328.65 670.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 364.55 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 392.12 670.10 Td (mirror ) Tj ET Q q 0 0 0 rg BT 420.81 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.16 670.10 Td (same ) Tj ET Q q 0 0 0 rg BT 459.84 670.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 485.20 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.77 670.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 547.57 670.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 89.23 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.59 658.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.63 658.10 Td (will ) Tj ET Q q 0 0 0 rg BT 165.33 658.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 207.34 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.92 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 245.27 658.10 Td (party ) Tj ET Q q 0 0 0 rg BT 268.96 658.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 289.32 658.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 333.55 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.36 658.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 379.28 658.10 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 418.81 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.73 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 440.42 658.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 469.66 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.14 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.50 658.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.53 658.10 Td (value ) Tj ET Q q 0 0 0 rg BT 538.33 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.25 646.10 Td (over ) Tj ET Q q 0 0 0 rg BT 118.49 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.18 646.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 166.96 646.10 Td (value ) Tj ET Q q 0 0 0 rg BT 190.09 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.89 646.10 Td (seadrill) Tj ET Q q 0 0 0 rg BT 233.77 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 239.14 646.10 Td (share ) Tj ET Q q 0 0 0 rg BT 261.71 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.51 646.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 304.09 646.10 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 340.13 646.10 Td (net ) Tj ET Q q 0 0 0 rg BT 353.82 646.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 378.62 646.10 Td (has ) Tj ET Q q 0 0 0 rg BT 393.42 646.10 Td (been ) Tj ET Q q 0 0 0 rg BT 413.77 646.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 459.11 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.91 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.82 646.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 493.51 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.76 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.45 646.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.11 646.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 634.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 143.86 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.69 634.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 612.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 88.46 612.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 135.17 612.10 Td (on ) Tj ET Q q 0 0 0 rg BT 148.02 612.10 Td (deconsolidation, ) Tj ET Q q 0 0 0 rg BT 216.69 612.10 Td (which ) Tj ET Q q 0 0 0 rg BT 243.97 612.10 Td (all ) Tj ET Q q 0 0 0 rg BT 256.82 612.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 285.76 612.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.39 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.45 612.10 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 375.38 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.56 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.62 612.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 449.05 612.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 484.10 612.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 520.27 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.90 612.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 85.27 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.21 600.10 Td (its ) Tj ET Q q 0 0 0 rg BT 114.16 600.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 163.87 600.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.04 600.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.87 600.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 560.60 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 560.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 532.60 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 532.60 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 505.60 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 505.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 477.60 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 477.60 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 532.6 m 561.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 477.6 m 561.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 465.6 m 561.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 463.6 m 561.5 463.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 565.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 565.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 565.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.95 574.33 Td (As at January) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.00 564.33 Td (2, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 551.17 Td (Fair ) Tj ET Q q 0 0 0 rg BT 70.61 551.17 Td (value ) Tj ET Q q 0 0 0 rg BT 94.76 551.17 Td (of ) Tj ET Q q 0 0 0 rg BT 105.59 551.17 Td (investment ) Tj ET Q q 0 0 0 rg BT 151.98 551.17 Td (in ) Tj ET Q q 0 0 0 rg BT 162.25 551.17 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 195.86 551.17 Td (Partners ) Tj ET Q q 0 0 0 rg BT 231.13 551.17 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 551.17 Td (3,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 537.17 Td (Carrying value of the non-controlling interest in seadrill Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 537.17 Td (115) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 523.33 Td (Subtotal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 523.33 Td (3,839) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 510.16 Td (Less:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 496.17 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 90.05 496.17 Td (value ) Tj ET Q q 0 0 0 rg BT 114.20 496.17 Td (of ) Tj ET Q q 0 0 0 rg BT 125.03 496.17 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 158.64 496.17 Td (Partners) Tj ET Q q 0 0 0 rg BT 194.36 496.17 Td ( ) Tj ET Q q 0 0 0 rg BT 196.49 496.17 Td (net ) Tj ET Q q 0 0 0 rg BT 211.21 496.17 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 496.17 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.17 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 92.28 482.17 Td (allocated ) Tj ET Q q 0 0 0 rg BT 130.87 482.17 Td (to ) Tj ET Q q 0 0 0 rg BT 141.15 482.17 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 174.75 482.17 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 482.17 Td (240) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 468.33 Td (Gain ) Tj ET Q q 0 0 0 rg BT 75.62 468.33 Td (on ) Tj ET Q q 0 0 0 rg BT 88.68 468.33 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 157.86 468.33 Td (of ) Tj ET Q q 0 0 0 rg BT 168.69 468.33 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 204.52 468.33 Td (Partners) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 468.33 Td (2,339) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 413.90 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.66 413.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 413.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 106.28 413.90 Td (value ) Tj ET Q q 0 0 0 rg BT 130.43 413.90 Td (of ) Tj ET Q q 0 0 0 rg BT 140.71 413.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 189.87 413.90 Td (and ) Tj ET Q q 0 0 0 rg BT 207.37 413.90 Td (continuing ) Tj ET Q q 0 0 0 rg BT 252.64 413.90 Td (involvement ) Tj ET Q q 0 0 0 rg BT 303.45 413.90 Td (with ) Tj ET Q q 0 0 0 rg BT 323.18 413.90 Td (investees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.90 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 395.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 108.87 395.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 125.24 395.90 Td (value ) Tj ET Q q 0 0 0 rg BT 149.40 395.90 Td (of ) Tj ET Q q 0 0 0 rg BT 160.23 395.90 Td (the ) Tj ET Q q 0 0 0 rg BT 174.95 395.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 222.03 395.90 Td (residual ) Tj ET Q q 0 0 0 rg BT 256.18 395.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 288.12 395.90 Td (in ) Tj ET Q q 0 0 0 rg BT 298.39 395.90 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 332.00 395.90 Td (Partners ) Tj ET Q q 0 0 0 rg BT 367.27 395.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 411.42 395.90 Td (of ) Tj ET Q q 0 0 0 rg BT 422.25 395.90 Td (the ) Tj ET Q q 0 0 0 rg BT 436.97 395.90 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 356.40 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 356.40 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 328.40 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 328.40 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 300.40 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 300.40 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 300.4 m 561.5 300.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 287.4 m 561.5 287.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 285.4 m 561.5 285.4 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 361.11 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 361.11 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 361.11 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.95 370.13 Td (As of January) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.00 360.13 Td (2, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 346.97 Td (Common ) Tj ET Q q 0 0 0 rg BT 91.73 346.97 Td (units ) Tj ET Q q 0 0 0 rg BT 113.67 346.97 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 346.97 Td (671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 332.97 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 107.83 332.97 Td (units ) Tj ET Q q 0 0 0 rg BT 129.77 332.97 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 332.97 Td (427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 318.97 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 85.60 318.97 Td (Member ) Tj ET Q q 0 0 0 rg BT 121.98 318.97 Td (Interest ) Tj ET Q q 0 0 0 rg BT 154.47 318.97 Td (and ) Tj ET Q q 0 0 0 rg BT 171.40 318.97 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 211.11 318.97 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 261.94 318.97 Td (Rights ) Tj ET Q q 0 0 0 rg BT 290.56 318.97 Td (\("IDRs"\) ) Tj ET Q q 0 0 0 rg BT 329.00 318.97 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 318.97 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 304.97 Td (Direct ) Tj ET Q q 0 0 0 rg BT 79.49 304.97 Td (ownership ) Tj ET Q q 0 0 0 rg BT 123.65 304.97 Td (interests ) Tj ET Q q 0 0 0 rg BT 159.47 304.97 Td (\(iv\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 304.97 Td (2,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 291.08 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 291.08 Td (3,724) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 268.90 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 61.94 268.90 Td ( ) Tj ET Q q 0 0 0 rg BT 64.44 268.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 103.05 268.90 Td (units ) Tj ET Q q 0 0 0 rg BT 125.00 268.90 Td (\(marketable ) Tj ET Q q 0 0 0 rg BT 175.82 268.90 Td (securities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.90 Td (As ) Tj ET Q q 0 0 0 rg BT 63.78 250.90 Td (of ) Tj ET Q q 0 0 0 rg BT 74.78 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 89.67 250.90 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 155.65 250.90 Td (date, ) Tj ET Q q 0 0 0 rg BT 177.48 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 192.36 250.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.92 250.90 Td (held ) Tj ET Q q 0 0 0 rg BT 253.80 250.90 Td (21.5 ) Tj ET Q q 0 0 0 rg BT 273.97 250.90 Td (million ) Tj ET Q q 0 0 0 rg BT 305.53 250.90 Td (common ) Tj ET Q q 0 0 0 rg BT 343.20 250.90 Td (units ) Tj ET Q q 0 0 0 rg BT 365.31 250.90 Td (representing ) Tj ET Q q 0 0 0 rg BT 417.40 250.90 Td (48.3% ) Tj ET Q q 0 0 0 rg BT 445.90 250.90 Td (of ) Tj ET Q q 0 0 0 rg BT 456.90 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 471.79 250.90 Td (common ) Tj ET Q q 0 0 0 rg BT 509.45 250.90 Td (units ) Tj ET Q q 0 0 0 rg BT 531.57 250.90 Td (in ) Tj ET Q q 0 0 0 rg BT 542.01 250.90 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.90 Td (as ) Tj ET Q q 0 0 0 rg BT 60.81 238.90 Td (a ) Tj ET Q q 0 0 0 rg BT 67.74 238.90 Td (class. ) Tj ET Q q 0 0 0 rg BT 91.98 238.90 Td (The ) Tj ET Q q 0 0 0 rg BT 110.01 238.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 157.08 238.90 Td (holding ) Tj ET Q q 0 0 0 rg BT 190.12 238.90 Td (in ) Tj ET Q q 0 0 0 rg BT 200.38 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 215.08 238.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 243.12 238.90 Td (common ) Tj ET Q q 0 0 0 rg BT 280.60 238.90 Td (units ) Tj ET Q q 0 0 0 rg BT 302.53 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 313.35 238.90 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 346.94 238.90 Td (Partners ) Tj ET Q q 0 0 0 rg BT 382.19 238.90 Td (are ) Tj ET Q q 0 0 0 rg BT 396.88 238.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 439.90 238.90 Td (for ) Tj ET Q q 0 0 0 rg BT 454.04 238.90 Td (as ) Tj ET Q q 0 0 0 rg BT 464.86 238.90 Td (marketable ) Tj ET Q q 0 0 0 rg BT 511.76 238.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 552.01 238.90 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 226.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 87.60 226.90 Td (that ) Tj ET Q q 0 0 0 rg BT 105.28 226.90 Td (during ) Tj ET Q q 0 0 0 rg BT 134.08 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 148.99 226.90 Td (subordination ) Tj ET Q q 0 0 0 rg BT 206.67 226.90 Td (period ) Tj ET Q q 0 0 0 rg BT 234.91 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 249.82 226.90 Td (common ) Tj ET Q q 0 0 0 rg BT 287.50 226.90 Td (units ) Tj ET Q q 0 0 0 rg BT 309.64 226.90 Td (have ) Tj ET Q q 0 0 0 rg BT 331.21 226.90 Td (preferential ) Tj ET Q q 0 0 0 rg BT 379.98 226.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 417.67 226.90 Td (and ) Tj ET Q q 0 0 0 rg BT 434.79 226.90 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 480.82 226.90 Td (rights, ) Tj ET Q q 0 0 0 rg BT 508.78 226.90 Td (and ) Tj ET Q q 0 0 0 rg BT 525.91 226.90 Td (therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.90 Td (does ) Tj ET Q q 0 0 0 rg BT 70.83 214.90 Td (not ) Tj ET Q q 0 0 0 rg BT 86.11 214.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 125.25 214.90 Td ( ) Tj ET Q q 0 0 0 rg BT 127.75 214.90 Td (in-substance ) Tj ET Q q 0 0 0 rg BT 183.57 214.90 Td (common ) Tj ET Q q 0 0 0 rg BT 221.06 214.90 Td (stock) Tj ET Q q 0 0 0 rg BT 244.76 214.90 Td ( ) Tj ET Q q 0 0 0 rg BT 247.26 214.90 Td (as ) Tj ET Q q 0 0 0 rg BT 258.09 214.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 290.58 214.90 Td (by ) Tj ET Q q 0 0 0 rg BT 303.08 214.90 Td (US ) Tj ET Q q 0 0 0 rg BT 318.36 214.90 Td (GAAP) Tj ET Q q 0 0 0 rg BT 344.48 214.90 Td (. ) Tj ET Q q 0 0 0 rg BT 349.48 214.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.90 Td (These ) Tj ET Q q 0 0 0 rg BT 76.91 196.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 117.70 196.90 Td (have ) Tj ET Q q 0 0 0 rg BT 139.61 196.90 Td (been ) Tj ET Q q 0 0 0 rg BT 161.51 196.90 Td ( ) Tj ET Q q 0 0 0 rg BT 164.54 196.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 211.44 196.90 Td (on ) Tj ET Q q 0 0 0 rg BT 224.47 196.90 Td (January ) Tj ET Q q 0 0 0 rg BT 258.59 196.90 Td (02, ) Tj ET Q q 0 0 0 rg BT 274.12 196.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 297.15 196.90 Td (at ) Tj ET Q q 0 0 0 rg BT 307.40 196.90 Td (the ) Tj ET Q q 0 0 0 rg BT 322.65 196.90 Td (quoted ) Tj ET Q q 0 0 0 rg BT 352.89 196.90 Td (market ) Tj ET Q q 0 0 0 rg BT 383.69 196.90 Td (price ) Tj ET Q q 0 0 0 rg BT 406.70 196.90 Td (and ) Tj ET Q q 0 0 0 rg BT 424.17 196.90 Td (are ) Tj ET Q q 0 0 0 rg BT 439.41 196.90 Td (re-measured ) Tj ET Q q 0 0 0 rg BT 491.85 196.90 Td (at ) Tj ET Q q 0 0 0 rg BT 502.10 196.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 519.00 196.90 Td (value ) Tj ET Q q 0 0 0 rg BT 543.69 196.90 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.45 184.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 120.29 184.90 Td ( ) Tj ET Q q 0 0 0 rg BT 122.46 184.90 Td (Any ) Tj ET Q q 0 0 0 rg BT 142.48 184.90 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 186.91 184.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 210.81 184.90 Td (and ) Tj ET Q q 0 0 0 rg BT 228.04 184.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 254.72 184.90 Td (on ) Tj ET Q q 0 0 0 rg BT 267.51 184.90 Td (these ) Tj ET Q q 0 0 0 rg BT 290.85 184.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 331.41 184.90 Td (are ) Tj ET Q q 0 0 0 rg BT 346.41 184.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 393.06 184.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 426.40 184.90 Td (in ) Tj ET Q q 0 0 0 rg BT 436.97 184.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 464.75 184.90 Td (as ) Tj ET Q q 0 0 0 rg BT 475.88 184.90 Td (a ) Tj ET Q q 0 0 0 rg BT 483.11 184.90 Td (component ) Tj ET Q q 0 0 0 rg BT 530.33 184.90 Td (of ) Tj ET Q q 0 0 0 rg BT 541.45 184.90 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 114.25 172.90 Td (income ) Tj ET Q q 0 0 0 rg BT 147.40 172.90 Td (unless ) Tj ET Q q 0 0 0 rg BT 176.12 172.90 Td (an ) Tj ET Q q 0 0 0 rg BT 189.27 172.90 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 234.63 172.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 253.91 172.90 Td (is ) Tj ET Q q 0 0 0 rg BT 264.30 172.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 311.33 172.90 Td ("other) Tj ET Q q 0 0 0 rg BT 335.76 172.90 Td (-than-temporary", ) Tj ET Q q 0 0 0 rg BT 411.03 172.90 Td (in ) Tj ET Q q 0 0 0 rg BT 422.52 172.90 Td (which ) Tj ET Q q 0 0 0 rg BT 450.68 172.90 Td (case ) Tj ET Q q 0 0 0 rg BT 471.60 172.90 Td (it ) Tj ET Q q 0 0 0 rg BT 480.88 172.90 Td (is ) Tj ET Q q 0 0 0 rg BT 491.27 172.90 Td (transferred ) Tj ET Q q 0 0 0 rg BT 538.29 172.90 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 172.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.90 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.80 160.90 Td (of ) Tj ET Q q 0 0 0 rg BT 101.61 160.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 145.75 160.90 Td (and ) Tj ET Q q 0 0 0 rg BT 162.67 160.90 Td (realized. ) Tj ET Q q 0 0 0 rg BT 199.29 160.90 Td ( ) Tj ET Q q 0 0 0 rg BT 201.77 160.90 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 241.46 160.90 Td (income ) Tj ET Q q 0 0 0 rg BT 273.38 160.90 Td (from ) Tj ET Q q 0 0 0 rg BT 295.30 160.90 Td (the ) Tj ET Q q 0 0 0 rg BT 310.00 160.90 Td (common ) Tj ET Q q 0 0 0 rg BT 347.47 160.90 Td (units ) Tj ET Q q 0 0 0 rg BT 369.40 160.90 Td (will ) Tj ET Q q 0 0 0 rg BT 387.44 160.90 Td (be ) Tj ET Q q 0 0 0 rg BT 399.36 160.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 445.70 160.90 Td (in ) Tj ET Q q 0 0 0 rg BT 455.96 160.90 Td (the ) Tj ET Q q 0 0 0 rg BT 470.65 160.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 523.68 160.90 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 148.90 Td (operations. ) Tj ET Q q 0 0 0 rg BT 107.49 148.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 112.90 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 64.72 112.90 Td (Subor) Tj ET Q q 0 0 0 rg BT 88.24 112.90 Td (dinated ) Tj ET Q q 0 0 0 rg BT 120.73 112.90 Td (units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.90 Td (As ) Tj ET Q q 0 0 0 rg BT 63.18 94.90 Td (of ) Tj ET Q q 0 0 0 rg BT 73.58 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 87.87 94.90 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 153.26 94.90 Td (date ) Tj ET Q q 0 0 0 rg BT 171.99 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 186.27 94.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.23 94.90 Td (held ) Tj ET Q q 0 0 0 rg BT 246.52 94.90 Td (16.5 ) Tj ET Q q 0 0 0 rg BT 266.09 94.90 Td (million ) Tj ET Q q 0 0 0 rg BT 297.05 94.90 Td (units ) Tj ET Q q 0 0 0 rg BT 318.57 94.90 Td (representing ) Tj ET Q q 0 0 0 rg BT 370.06 94.90 Td (100% ) Tj ET Q q 0 0 0 rg BT 395.46 94.90 Td (of ) Tj ET Q q 0 0 0 rg BT 405.86 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 420.15 94.90 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 473.88 94.90 Td (units. ) Tj ET Q q 0 0 0 rg BT 497.90 94.90 Td ( ) Tj ET Q q 0 0 0 rg BT 499.82 94.90 Td (The ) Tj ET Q q 0 0 0 rg BT 517.43 94.90 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.90 Td (holding ) Tj ET Q q 0 0 0 rg BT 82.69 82.90 Td (in ) Tj ET Q q 0 0 0 rg BT 92.61 82.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.96 82.90 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 160.75 82.90 Td (units ) Tj ET Q q 0 0 0 rg BT 182.33 82.90 Td (of ) Tj ET Q q 0 0 0 rg BT 192.80 82.90 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 226.04 82.90 Td (Partners ) Tj ET Q q 0 0 0 rg BT 260.94 82.90 Td (are ) Tj ET Q q 0 0 0 rg BT 275.28 82.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 317.95 82.90 Td (for ) Tj ET Q q 0 0 0 rg BT 331.74 82.90 Td (under ) Tj ET Q q 0 0 0 rg BT 356.65 82.90 Td (the ) Tj ET Q q 0 0 0 rg BT 371.00 82.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 398.13 82.90 Td (method ) Tj ET Q q 0 0 0 rg BT 430.26 82.90 Td (on ) Tj ET Q q 0 0 0 rg BT 442.40 82.90 Td (the ) Tj ET Q q 0 0 0 rg BT 456.75 82.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 478.88 82.90 Td (that ) Tj ET Q q 0 0 0 rg BT 496.01 82.90 Td (the ) Tj ET Q q 0 0 0 rg BT 510.37 82.90 Td (subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.90 Td (units ) Tj ET Q q 0 0 0 rg BT 71.80 70.90 Td (are ) Tj ET Q q 0 0 0 rg BT 86.36 70.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 132.02 70.90 Td (to ) Tj ET Q q 0 0 0 rg BT 142.15 70.90 Td (be ) Tj ET Q q 0 0 0 rg BT 153.94 70.90 Td (in-substance ) Tj ET Q q 0 0 0 rg BT 209.61 70.90 Td (common ) Tj ET Q q 0 0 0 rg BT 246.96 70.90 Td (stock. ) Tj ET Q q 0 0 0 rg BT 276.25 70.90 Td ( ) Tj ET Q q 0 0 0 rg BT 278.43 70.90 Td (The ) Tj ET Q q 0 0 0 rg BT 296.32 70.90 Td (subordination ) Tj ET Q q 0 0 0 rg BT 353.67 70.90 Td (period ) Tj ET Q q 0 0 0 rg BT 381.57 70.90 Td (will ) Tj ET Q q 0 0 0 rg BT 399.48 70.90 Td (end ) Tj ET Q q 0 0 0 rg BT 416.27 70.90 Td (on ) Tj ET Q q 0 0 0 rg BT 428.62 70.90 Td (the ) Tj ET Q q 0 0 0 rg BT 443.18 70.90 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 491.08 70.90 Td (of ) Tj ET Q q 0 0 0 rg BT 501.76 70.90 Td (various ) Tj ET Q q 0 0 0 rg BT 533.55 70.90 Td (tests ) Tj ET Q q 0 0 0 rg BT 553.68 70.90 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.90 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 94.19 58.90 Td (in ) Tj ET Q q 0 0 0 rg BT 104.50 58.90 Td (the ) Tj ET Q q 0 0 0 rg BT 119.26 58.90 Td (Operating ) Tj ET Q q 0 0 0 rg BT 161.23 58.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 208.19 58.90 Td (of ) Tj ET Q q 0 0 0 rg BT 219.06 58.90 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 252.71 58.90 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 290.52 58.90 Td (but ) Tj ET Q q 0 0 0 rg BT 305.83 58.90 Td (will ) Tj ET Q q 0 0 0 rg BT 323.93 58.90 Td (not ) Tj ET Q q 0 0 0 rg BT 339.25 58.90 Td (end ) Tj ET Q q 0 0 0 rg BT 356.23 58.90 Td (before ) Tj ET Q q 0 0 0 rg BT 384.31 58.90 Td (September ) Tj ET Q q 0 0 0 rg BT 429.61 58.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 444.65 58.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 467.19 58.90 Td (except ) Tj ET Q q 0 0 0 rg BT 495.83 58.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 518.37 58.90 Td (removal ) Tj ET Q q 0 0 0 rg BT 553.67 58.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 46.90 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 98.32 46.90 Td (Member) Tj ET Q q 0 0 0 rg BT 131.65 46.90 Td (. ) Tj ET Q q 0 0 0 rg BT 136.65 46.90 Td (Upon ) Tj ET Q q 0 0 0 rg BT 161.37 46.90 Td (the ) Tj ET Q q 0 0 0 rg BT 176.08 46.90 Td (expiration ) Tj ET Q q 0 0 0 rg BT 219.13 46.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.96 46.90 Td (the ) Tj ET Q q 0 0 0 rg BT 244.67 46.90 Td (subordination ) Tj ET Q q 0 0 0 rg BT 302.17 46.90 Td (period, ) Tj ET Q q 0 0 0 rg BT 332.71 46.90 Td (the ) Tj ET Q q 0 0 0 rg BT 347.43 46.90 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 401.59 46.90 Td (units ) Tj ET Q q 0 0 0 rg BT 423.54 46.90 Td (will ) Tj ET Q q 0 0 0 rg BT 441.59 46.90 Td (convert ) Tj ET Q q 0 0 0 rg BT 474.08 46.90 Td (into ) Tj ET Q q 0 0 0 rg BT 492.13 46.90 Td (common ) Tj ET Q q 0 0 0 rg BT 529.63 46.90 Td (units. ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.78 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.90 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 110.79 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.36 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.81 742.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 192.71 742.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 217.89 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 231.13 742.10 Td (January ) Tj ET Q q 0 0 0 rg BT 265.46 742.10 Td (02, ) Tj ET Q q 0 0 0 rg BT 281.20 742.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 306.94 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 325.73 742.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 373.95 742.10 Td (based ) Tj ET Q q 0 0 0 rg BT 399.95 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 413.19 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.64 742.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 459.10 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 490.10 742.10 Td (price ) Tj ET Q q 0 0 0 rg BT 513.32 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.89 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.34 742.10 Td (listed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.61 730.10 Td (units ) Tj ET Q q 0 0 0 rg BT 109.67 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 120.62 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.56 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.39 730.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 212.33 730.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 234.10 730.10 Td (but ) Tj ET Q q 0 0 0 rg BT 249.49 730.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 295.43 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 309.71 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 330.65 730.10 Td (non-tradability ) Tj ET Q q 0 0 0 rg BT 392.69 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.74 730.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 464.01 730.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 501.62 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.68 730.10 Td (liquidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 74.41 718.10 Td (during ) Tj ET Q q 0 0 0 rg BT 102.14 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.99 718.10 Td (subordination ) Tj ET Q q 0 0 0 rg BT 172.61 718.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 202.28 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.91 718.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 230.53 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.37 718.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 270.99 718.10 Td (method ) Tj ET Q q 0 0 0 rg BT 302.62 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.46 718.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.98 718.10 Td (will ) Tj ET Q q 0 0 0 rg BT 374.16 718.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 414.65 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 425.73 718.10 Td (share ) Tj ET Q q 0 0 0 rg BT 448.45 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.41 718.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 491.14 718.10 Td (Partners) Tj ET Q q 0 0 0 rg BT 526.50 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.12 718.10 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 89.69 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.07 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.89 706.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 172.15 706.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 197.71 706.10 Td (less ) Tj ET Q q 0 0 0 rg BT 216.31 706.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 270.45 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.38 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.20 706.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 321.81 706.10 Td (dif) Tj ET Q q 0 0 0 rg BT 332.73 706.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 365.75 706.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 385.45 706.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 400.16 706.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 434.03 706.10 Td (through ) Tj ET Q q 0 0 0 rg BT 468.74 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.56 706.10 Td (share ) Tj ET Q q 0 0 0 rg BT 512.59 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.97 706.10 Td (results ) Tj ET Q q 0 0 0 rg BT 553.69 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 94.03 694.10 Td (companies) Tj ET Q q 0 0 0 rg BT 139.38 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.31 694.10 Td (line ) Tj ET Q q 0 0 0 rg BT 160.24 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.95 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.10 694.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 239.57 694.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 280.82 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.08 694.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 339.17 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.10 694.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 386.15 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 401.28 694.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 448.08 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.34 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.71 694.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 507.41 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.12 694.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.82 682.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 112.47 682.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 67.50 646.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 101.66 646.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 137.48 646.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 156.55 646.10 Td (est ) Tj ET Q q 0 0 0 rg BT 170.16 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.66 646.10 Td (IDRs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.02 628.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 101.59 628.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 137.94 628.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 170.40 628.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 200.63 628.10 Td (is ) Tj ET Q q 0 0 0 rg BT 209.78 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.68 628.10 Td (0% ) Tj ET Q q 0 0 0 rg BT 232.49 628.10 Td (non-economic ) Tj ET Q q 0 0 0 rg BT 292.16 628.10 Td (interest\) ) Tj ET Q q 0 0 0 rg BT 327.39 628.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 351.53 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.22 628.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 391.47 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.72 628.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 427.52 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.32 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.01 628.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 476.59 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.50 628.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.64 628.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 531.77 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.02 628.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.43 616.10 Td (until ) Tj ET Q q 0 0 0 rg BT 92.65 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.76 616.10 Td (end ) Tj ET Q q 0 0 0 rg BT 123.08 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.30 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.40 616.10 Td (subordination ) Tj ET Q q 0 0 0 rg BT 204.28 616.10 Td (period ) Tj ET Q q 0 0 0 rg BT 231.72 616.10 Td (without ) Tj ET Q q 0 0 0 rg BT 264.16 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.26 616.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 315.13 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.35 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.67 616.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 367.44 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.66 616.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 395.25 616.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 425.45 616.10 Td (common ) Tj ET Q q 0 0 0 rg BT 462.33 616.10 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 511.72 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.47 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.90 616.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 86.96 604.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 120.02 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.54 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.83 604.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 177.02 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.88 604.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 222.06 604.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 257.91 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 273.20 604.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 316.81 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.55 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.95 604.10 Td (cost-method ) Tj ET Q q 0 0 0 rg BT 395.47 604.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 446.32 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 459.40 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.69 604.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 497.77 604.10 Td (that ) Tj ET Q q 0 0 0 rg BT 515.84 604.10 Td (they ) Tj ET Q q 0 0 0 rg BT 536.14 604.10 Td (do ) Tj ET Q q 0 0 0 rg BT 549.22 604.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 90.28 592.10 Td (common ) Tj ET Q q 0 0 0 rg BT 128.91 592.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 153.65 592.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 190.62 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.69 592.10 Td (their ) Tj ET Q q 0 0 0 rg BT 230.65 592.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 248.16 592.10 Td (value ) Tj ET Q q 0 0 0 rg BT 273.45 592.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.76 592.10 Td (not ) Tj ET Q q 0 0 0 rg BT 300.17 592.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 331.57 592.10 Td (determinable. ) Tj ET Q q 0 0 0 rg BT 389.90 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.27 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 412.46 592.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 463.87 592.10 Td (are ) Tj ET Q q 0 0 0 rg BT 479.71 592.10 Td (held ) Tj ET Q q 0 0 0 rg BT 500.56 592.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.41 592.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 531.16 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.23 592.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 104.72 580.10 Td (re-measured. ) Tj ET Q q 0 0 0 rg BT 159.13 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.63 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.93 562.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 84.19 562.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.23 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.95 562.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 165.91 562.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 197.73 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.89 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.49 562.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 255.98 562.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 292.24 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.06 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.67 562.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 359.36 562.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 382.86 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.57 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.29 562.10 Td (January ) Tj ET Q q 0 0 0 rg BT 437.77 562.10 Td (02, ) Tj ET Q q 0 0 0 rg BT 452.65 562.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 475.04 562.10 Td (was ) Tj ET Q q 0 0 0 rg BT 492.97 562.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 540.34 562.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.42 550.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 86.51 550.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 111.71 550.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 156.91 550.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 192.17 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 210.70 550.10 Td (method ) Tj ET Q q 0 0 0 rg BT 243.67 550.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 267.20 550.10 Td (into ) Tj ET Q q 0 0 0 rg BT 285.74 550.10 Td (account ) Tj ET Q q 0 0 0 rg BT 319.81 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.01 550.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 355.76 550.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 404.86 550.10 Td (waterfall, ) Tj ET Q q 0 0 0 rg BT 445.87 550.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 486.06 550.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 521.52 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.00 550.10 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 73.08 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.61 538.10 Td (share ) Tj ET Q q 0 0 0 rg BT 114.80 538.10 Td (price ) Tj ET Q q 0 0 0 rg BT 137.88 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.30 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.60 538.10 Td (common ) Tj ET Q q 0 0 0 rg BT 202.69 538.10 Td (units ) Tj ET Q q 0 0 0 rg BT 225.23 538.10 Td (as ) Tj ET Q q 0 0 0 rg BT 236.65 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.07 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.37 538.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 329.78 538.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 352.03 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.12 538.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 410.43 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.30 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.61 538.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 460.81 538.10 Td (will ) Tj ET Q q 0 0 0 rg BT 479.46 538.10 Td (be ) Tj ET Q q 0 0 0 rg BT 491.99 538.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 538.94 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.81 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 526.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 143.86 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.69 526.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 201.35 526.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (iv\) ) Tj ET Q q 0 0 0 rg BT 63.05 490.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 76.57 490.10 Td (ect ) Tj ET Q q 0 0 0 rg BT 90.72 490.10 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 137.11 490.10 Td (inter) Tj ET Q q 0 0 0 rg BT 155.63 490.10 Td (ests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 472.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 472.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 133.60 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.32 472.10 Td (following ) Tj ET Q q 0 0 0 rg BT 189.71 472.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 233.87 472.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 269.69 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.97 472.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 311.35 472.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 354.39 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.89 472.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 400.50 472.10 Td (Partners:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (70% ownership in seadrill Operating LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 82.99 436.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 124.86 436.10 Td (LP) Tj ET Q q 0 0 0 rg BT 136.16 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.04 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.60 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.92 436.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 183.13 436.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 230.00 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.33 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.88 436.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 297.31 436.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.19 436.10 Td (its ) Tj ET Q q 0 0 0 rg BT 320.53 436.10 Td (General ) Tj ET Q q 0 0 0 rg BT 354.06 436.10 Td (Partner) Tj ET Q q 0 0 0 rg BT 382.53 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.92 436.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 419.91 436.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 461.78 436.10 Td (GP) Tj ET Q q 0 0 0 rg BT 474.19 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.07 436.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 499.35 436.10 Td (which ) Tj ET Q q 0 0 0 rg BT 525.67 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 534.22 436.10 Td (wholly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 79.04 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.42 424.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 124.91 424.10 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 162.56 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.77 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 182.70 424.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 229.66 424.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 260.37 424.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 291.07 424.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 326.78 424.10 Td (are ) Tj ET Q q 0 0 0 rg BT 341.36 424.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 384.28 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 398.32 424.10 Td (under ) Tj ET Q q 0 0 0 rg BT 423.47 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.07 424.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 465.45 424.10 Td (method ) Tj ET Q q 0 0 0 rg BT 497.82 424.10 Td (as ) Tj ET Q q 0 0 0 rg BT 508.54 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 424.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 412.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 92.77 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.05 412.10 Td (have ) Tj ET Q q 0 0 0 rg BT 124.42 412.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 169.14 412.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 208.84 412.10 Td (over ) Tj ET Q q 0 0 0 rg BT 229.11 412.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 262.72 412.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 305.20 412.10 Td (LP) Tj ET Q q 0 0 0 rg BT 316.50 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.00 412.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.51 412.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 357.33 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.16 412.10 Td (seadrill) Tj ET Q q 0 0 0 rg BT 402.05 412.10 Td (s ) Tj ET Q q 0 0 0 rg BT 408.44 412.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 467.58 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.08 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.80 412.10 Td (board ) Tj ET Q q 0 0 0 rg BT 520.07 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.90 412.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Partners.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 382.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (49% ) Tj ET Q q 0 0 0 rg BT 106.83 382.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 151.00 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.28 382.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 195.44 382.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 239.61 382.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 278.78 382.10 Td (LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.69 364.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 126.26 364.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 165.52 364.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 187.00 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.25 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.28 364.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 234.20 364.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 267.90 364.10 Td (company) Tj ET Q q 0 0 0 rg BT 303.90 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.99 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.39 364.10 Td (There ) Tj ET Q q 0 0 0 rg BT 337.29 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 346.55 364.10 Td (only ) Tj ET Q q 0 0 0 rg BT 366.92 364.10 Td (one ) Tj ET Q q 0 0 0 rg BT 383.94 364.10 Td (class ) Tj ET Q q 0 0 0 rg BT 405.97 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.89 364.10 Td (member ) Tj ET Q q 0 0 0 rg BT 452.24 364.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 484.26 364.10 Td (which ) Tj ET Q q 0 0 0 rg BT 511.29 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.55 364.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 554.23 364.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 89.85 352.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 118.60 352.10 Td (common ) Tj ET Q q 0 0 0 rg BT 156.80 352.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 183.60 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.57 352.10 Td (The ) Tj ET Q q 0 0 0 rg BT 205.32 352.10 Td (Company) Tj ET Q q 0 0 0 rg BT 246.98 352.10 Td (s ) Tj ET Q q 0 0 0 rg BT 254.08 352.10 Td (49% ) Tj ET Q q 0 0 0 rg BT 275.61 352.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 309.36 352.10 Td (is ) Tj ET Q q 0 0 0 rg BT 319.23 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.43 352.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 366.16 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.02 352.10 Td (under ) Tj ET Q q 0 0 0 rg BT 406.99 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.41 352.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 450.60 352.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 486.30 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.83 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.24 352.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 555.33 352.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 82.70 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.08 340.10 Td (have ) Tj ET Q q 0 0 0 rg BT 112.55 340.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 156.37 340.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 195.17 340.10 Td (over ) Tj ET Q q 0 0 0 rg BT 214.54 340.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 247.25 340.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 288.83 340.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 327.10 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 338.71 340.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 363.63 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.56 340.10 Td (seadrill) Tj ET Q q 0 0 0 rg BT 407.45 340.10 Td (s ) Tj ET Q q 0 0 0 rg BT 412.94 340.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 471.18 340.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.78 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.60 340.10 Td (board ) Tj ET Q q 0 0 0 rg BT 520.97 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.90 340.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Partners.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 310.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 107.11 310.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 151.56 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.11 310.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 196.56 310.10 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 243.21 310.10 Td (Drillship ) Tj ET Q q 0 0 0 rg BT 282.11 310.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 300.73 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.50 310.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 339.61 310.10 Td (\(indir) Tj ET Q q 0 0 0 rg BT 362.02 310.10 Td (ect\) ) Tj ET Q q 0 0 0 rg BT 379.78 310.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 424.23 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.79 310.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 469.23 310.10 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 500.34 310.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 524.78 310.10 Td (\(Nigeria\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.46 280.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.25 280.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 131.84 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.18 280.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 158.43 280.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 183.10 280.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 226.67 280.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 258.01 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.70 280.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 300.72 280.10 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 345.93 280.10 Td (Drillship ) Tj ET Q q 0 0 0 rg BT 383.40 280.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 401.70 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.05 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.40 280.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 444.64 280.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 477.09 280.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 520.66 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.90 280.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 81.21 268.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 105.21 268.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 126.42 268.10 Td (through ) Tj ET Q q 0 0 0 rg BT 159.86 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 171.63 268.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 197.29 268.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 237.75 268.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.58 268.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 276.01 268.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 292.78 268.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 311.49 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.82 268.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 335.59 268.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 366.80 268.10 Td (are ) Tj ET Q q 0 0 0 rg BT 381.33 268.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 411.99 268.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 457.08 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.85 268.10 Td (only ) Tj ET Q q 0 0 0 rg BT 493.95 268.10 Td (have ) Tj ET Q q 0 0 0 rg BT 515.15 268.10 Td (one ) Tj ET Q q 0 0 0 rg BT 531.92 268.10 Td (class ) Tj ET Q q 0 0 0 rg BT 553.68 268.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 76.15 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 103.14 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.35 256.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 145.99 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.32 256.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 195.51 256.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 223.61 256.10 Td (common ) Tj ET Q q 0 0 0 rg BT 261.15 256.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 287.30 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.66 256.10 Td (The ) Tj ET Q q 0 0 0 rg BT 307.76 256.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 335.30 256.10 Td (method ) Tj ET Q q 0 0 0 rg BT 367.84 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.71 256.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 425.13 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 434.35 256.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 466.33 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.53 256.10 Td (both ) Tj ET Q q 0 0 0 rg BT 500.85 256.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 553.67 256.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 244.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 105.45 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 114.30 244.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 147.56 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.52 244.10 Td (have ) Tj ET Q q 0 0 0 rg BT 178.57 244.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 222.95 244.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 262.33 244.10 Td (by ) Tj ET Q q 0 0 0 rg BT 274.51 244.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 300.00 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.51 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.90 244.10 Td (Company) Tj ET Q q 0 0 0 rg BT 366.57 244.10 Td (s ) Tj ET Q q 0 0 0 rg BT 372.63 244.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 431.45 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.62 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.01 244.10 Td (board ) Tj ET Q q 0 0 0 rg BT 482.95 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.46 244.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 526.74 244.10 Td (Partners.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.33 226.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 86.99 226.10 Td (values ) Tj ET Q q 0 0 0 rg BT 116.31 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.43 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.42 226.10 Td (four ) Tj ET Q q 0 0 0 rg BT 164.87 226.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 210.31 226.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 247.41 226.10 Td (described ) Tj ET Q q 0 0 0 rg BT 289.51 226.10 Td (above ) Tj ET Q q 0 0 0 rg BT 317.17 226.10 Td (have ) Tj ET Q q 0 0 0 rg BT 339.83 226.10 Td (been ) Tj ET Q q 0 0 0 rg BT 362.48 226.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 411.25 226.10 Td (using ) Tj ET Q q 0 0 0 rg BT 436.70 226.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 483.80 226.10 Td (cash-flow ) Tj ET Q q 0 0 0 rg BT 527.01 226.10 Td (\(DCF\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (methodology) Tj ET Q q 0 0 0 rg BT 102.12 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 107.12 214.10 Td (using ) Tj ET Q q 0 0 0 rg BT 131.29 214.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 177.12 214.10 Td (cash-flow ) Tj ET Q q 0 0 0 rg BT 219.05 214.10 Td (forecasts. ) Tj ET Q q 0 0 0 rg BT 259.58 214.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.66 178.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td (Gain ) Tj ET Q q 0 0 0 rg BT 108.50 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 121.00 178.10 Td (r) Tj ET Q q 0 0 0 rg BT 124.52 178.10 Td (etained ) Tj ET Q q 0 0 0 rg BT 156.45 178.10 Td (investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 160.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 93.31 160.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 113.03 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.53 160.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 191.35 160.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 219.94 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.22 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.94 160.10 Td (re-measurement ) Tj ET Q q 0 0 0 rg BT 311.85 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.68 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.39 160.10 Td (various ) Tj ET Q q 0 0 0 rg BT 369.33 160.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 404.03 160.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 454.31 160.10 Td (described ) Tj ET Q q 0 0 0 rg BT 495.12 160.10 Td (above.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-13) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.10 742.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 134.04 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.21 742.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 171.27 742.10 Td (differ) Tj ET Q q 0 0 0 rg BT 192.57 742.10 Td (ences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.27 724.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.93 724.10 Td (s ) Tj ET Q q 0 0 0 rg BT 116.55 724.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 167.04 724.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.76 724.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.69 724.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 242.94 724.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.32 724.10 Td (under ) Tj ET Q q 0 0 0 rg BT 282.81 724.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.75 724.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 325.46 724.10 Td (method ) Tj ET Q q 0 0 0 rg BT 358.18 724.10 Td (\(subordinated ) Tj ET Q q 0 0 0 rg BT 415.89 724.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 440.56 724.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 466.04 724.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 510.42 724.10 Td (interests\) ) Tj ET Q q 0 0 0 rg BT 549.80 724.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.23 712.10 Td (at ) Tj ET Q q 0 0 0 rg BT 105.82 712.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 122.06 712.10 Td (value ) Tj ET Q q 0 0 0 rg BT 146.09 712.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 168.46 712.10 Td (deconsolidation. ) Tj ET Q q 0 0 0 rg BT 236.65 712.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 260.69 712.10 Td (dif) Tj ET Q q 0 0 0 rg BT 271.62 712.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 307.29 712.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 345.75 712.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 367.00 712.10 Td (between ) Tj ET Q q 0 0 0 rg BT 402.69 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.27 712.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.52 712.10 Td (value ) Tj ET Q q 0 0 0 rg BT 457.54 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.24 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.83 712.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 532.97 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 712.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 96.19 700.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 132.37 700.10 Td (values ) Tj ET Q q 0 0 0 rg BT 160.78 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.97 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.05 700.10 Td (investees) Tj ET Q q 0 0 0 rg BT 226.29 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.15 700.10 Td (net ) Tj ET Q q 0 0 0 rg BT 244.23 700.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.43 700.10 Td (at ) Tj ET Q q 0 0 0 rg BT 280.51 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.59 700.10 Td (date ) Tj ET Q q 0 0 0 rg BT 315.10 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.30 700.10 Td (deconsolidation. ) Tj ET Q q 0 0 0 rg BT 394.98 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.21 700.10 Td (A) Tj ET Q q 0 0 0 rg BT 403.88 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.74 700.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 446.82 700.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 482.44 700.10 Td (has ) Tj ET Q q 0 0 0 rg BT 498.63 700.10 Td (been ) Tj ET Q q 0 0 0 rg BT 520.37 700.10 Td (performed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.71 688.10 Td (each ) Tj ET Q q 0 0 0 rg BT 86.07 688.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 121.88 688.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 168.81 688.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 212.39 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 227.10 688.10 Td (under ) Tj ET Q q 0 0 0 rg BT 252.92 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.18 688.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 296.23 688.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 331.77 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.60 688.10 Td (order ) Tj ET Q q 0 0 0 rg BT 366.75 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.58 688.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 411.71 688.10 Td (these ) Tj ET Q q 0 0 0 rg BT 435.31 688.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 458.36 688.10 Td (dif) Tj ET Q q 0 0 0 rg BT 469.29 688.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 505.64 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.47 688.10 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 77.33 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.76 676.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 139.47 676.10 Td (with ) Tj ET Q q 0 0 0 rg BT 161.24 676.10 Td (any ) Tj ET Q q 0 0 0 rg BT 179.68 676.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 215.33 676.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 249.32 676.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 297.18 676.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.50 676.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 351.55 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.55 676.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 368.70 676.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 406.00 676.10 Td (have ) Tj ET Q q 0 0 0 rg BT 428.87 676.10 Td (been ) Tj ET Q q 0 0 0 rg BT 451.74 676.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 491.83 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.60 676.10 Td (depreciable ) Tj ET Q q 0 0 0 rg BT 553.67 676.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (amortizable ) Tj ET Q q 0 0 0 rg BT 98.79 664.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 123.71 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.63 664.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 172.44 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.47 664.10 Td (will ) Tj ET Q q 0 0 0 rg BT 205.61 664.10 Td (be ) Tj ET Q q 0 0 0 rg BT 216.64 664.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 258.21 664.10 Td (over ) Tj ET Q q 0 0 0 rg BT 277.57 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.38 664.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 331.29 664.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 357.32 664.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 397.79 664.10 Td (life ) Tj ET Q q 0 0 0 rg BT 412.70 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.62 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.43 664.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 481.35 664.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 506.27 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.30 664.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 564.51 664.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.73 652.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 124.21 652.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.83 652.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 180.64 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.37 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.53 652.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 260.02 652.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 301.29 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.57 652.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 357.17 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.90 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.06 652.10 Td (share ) Tj ET Q q 0 0 0 rg BT 410.44 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.17 652.10 Td (results ) Tj ET Q q 0 0 0 rg BT 450.22 652.10 Td (from ) Tj ET Q q 0 0 0 rg BT 472.61 652.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 516.65 652.10 Td (companies) Tj ET Q q 0 0 0 rg BT 562.00 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (line. ) Tj ET Q q 0 0 0 rg BT 70.00 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The total investments in seadrill Partners recorded under the equity method of $2,809 million included the Company's share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (the basis dif) Tj ET Q q 0 0 0 rg BT 98.14 610.10 Td (ference between the total fair value and the total underlying book value of seadrill Partners' assets at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (deconsolidation date are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 535.60 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 535.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 535.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 535.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 535.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 535.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 535.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 505.60 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 505.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 505.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 505.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 505.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 505.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 505.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 505.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 490.6 m 322.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 476.6 m 322.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 474.6 m 322.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 490.6 m 326.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 476.6 m 326.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 474.6 m 326.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 490.6 m 401.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 476.6 m 401.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 474.6 m 401.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 490.6 m 406.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 476.6 m 406.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 474.6 m 406.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 490.6 m 480.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 476.6 m 480.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 474.6 m 480.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 490.6 m 485.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 476.6 m 485.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 474.6 m 485.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 490.6 m 560.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 476.6 m 560.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 474.6 m 560.5 474.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 540.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 540.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 540.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.20 540.28 Td (Book value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.75 540.28 Td (Fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.85 550.28 Td (Basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.85 540.28 Td (Difference) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 560.28 Td (seadrill's share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.50 550.28 Td (of basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.10 540.28 Td (difference \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.27 Td (Drilling units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 525.27 Td (3,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 525.27 Td (5,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 525.27 Td (1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 525.27 Td (1,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.27 Td (Drilling contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 510.27 Td (146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 510.27 Td (146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 510.27 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 495.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 495.27 Td (1,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 495.27 Td (1,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 495.27 Td (373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 480.27 Td (3,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 480.27 Td (6,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 480.27 Td (3,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 480.27 Td (1,789) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (\(1\) seadrill's share of the basis dif) Tj ET Q q 0 0 0 rg BT 186.03 458.10 Td (ference relates to both its investment in the subordinated units of seadrill Partners LLC, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (its direct ownership interests in various subsidiaries of seadrill Partners, all of which investments are accounted for under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (equity method. ) Tj ET Q q 0 0 0 rg BT 114.81 434.10 Td (The total basis dif) Tj ET Q q 0 0 0 rg BT 186.56 434.10 Td (ference has been assigned based on seadrill's proportional ownership interest in each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (investee. In the case of seadrill's investment in the subordinated units of seadrill Partners LLC, the proportional allocation to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (the subordinated units was based on the relative fair values of the various equity interests in seadrill Partners LLC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (The basis dif) Tj ET Q q 0 0 0 rg BT 101.47 386.10 Td (ference has been accounted for as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 61.76 362.10 Td (The basis dif) Tj ET Q q 0 0 0 rg BT 113.23 362.10 Td (ference assigned to drilling units is being depreciated over the remaining estimated useful lives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (of the units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 64.54 326.10 Td (The basis dif) Tj ET Q q 0 0 0 rg BT 116.01 326.10 Td (ference relating to the drilling contracts is being amortized over the remaining term of the contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 67.31 302.10 Td (The Company will not amortize the dif) Tj ET Q q 0 0 0 rg BT 223.21 302.10 Td (ference assigned to goodwill, but will consider any indicators of impairment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 266.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 79.99 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.31 266.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.06 266.10 Td (axation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.49 242.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 105.53 242.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 135.81 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.64 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.36 242.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 182.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 182.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 182.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 182.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 154.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 154.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 154.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 154.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 126.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 126.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 126.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 126.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 98.60 388.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 98.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 98.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 98.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 60.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 60.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 60.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 60.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 74.60000000000002 m 438.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 60.60000000000002 m 438.5 60.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 74.60000000000002 m 494.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 60.60000000000002 m 494.5 60.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 74.60000000000002 m 498.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 60.60000000000002 m 498.5 60.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 74.60000000000002 m 554.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 60.60000000000002 m 554.5 60.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 201.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 210.33 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.90 200.33 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 187.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.00 187.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.00 187.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 173.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 86.05 173.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.76 173.17 Td (expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 173.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 173.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 159.17 Td (Bermuda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 159.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 159.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 145.17 Td (Foreign) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 145.28 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 145.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 131.17 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 91.03 131.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 105.74 131.17 Td (expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 131.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.00 131.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 117.17 Td (Bermuda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 117.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 117.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 103.17 Td (Foreign) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 103.28 Td (\(3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 103.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 103.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 79.27 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 79.27 Td (ax ) Tj ET Q q 0 0 0 rg BT 76.35 79.27 Td (related ) Tj ET Q q 0 0 0 rg BT 106.05 79.27 Td (to ) Tj ET Q q 0 0 0 rg BT 116.33 79.27 Td (internal ) Tj ET Q q 0 0 0 rg BT 149.37 79.27 Td (sale ) Tj ET Q q 0 0 0 rg BT 167.42 79.27 Td (of ) Tj ET Q q 0 0 0 rg BT 178.25 79.27 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.08 79.27 Td (in ) Tj ET Q q 0 0 0 rg BT 214.36 79.27 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 254.82 79.27 Td (,amortized ) Tj ET Q q 0 0 0 rg BT 304.80 79.27 Td (for ) Tj ET Q q 0 0 0 rg BT 318.96 79.27 Td (group ) Tj ET Q q 0 0 0 rg BT 344.79 79.27 Td (purposes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 79.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 79.27 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 65.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 65.28 Td (otal ) Tj ET Q q 0 0 0 rg BT 77.36 65.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 93.19 65.28 Td (expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 65.28 Td (35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 65.28 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 51.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 51.17 Td (fective ) Tj ET Q q 0 0 0 rg BT 91.96 51.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 106.68 51.17 Td (rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 51.28 Td (1.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 51.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 51.17 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 51.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 75.63 730.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 105.34 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 120.05 730.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.54 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.70 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.42 730.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.40 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.90 730.10 Td (months ) Tj ET Q q 0 0 0 rg BT 220.85 730.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.23 730.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 290.83 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.83 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.33 730.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 730.10 Td (1.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.33 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.83 730.10 Td (\(March ) Tj ET Q q 0 0 0 rg BT 377.75 730.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 392.75 730.10 Td (2013; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.03 730.10 Td (9.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.86 730.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 444.69 730.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.22 706.10 Td (Company) Tj ET Q q 0 0 0 rg BT 106.46 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 111.63 706.10 Td (including ) Tj ET Q q 0 0 0 rg BT 152.08 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 164.21 706.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 216.60 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.94 706.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 257.49 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.94 706.10 Td (several ) Tj ET Q q 0 0 0 rg BT 298.93 706.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 351.05 706.10 Td (based ) Tj ET Q q 0 0 0 rg BT 376.49 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 389.17 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 401.29 706.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 415.07 706.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 461.31 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 467.98 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.66 706.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 488.90 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.35 706.10 Td (one ) Tj ET Q q 0 0 0 rg BT 516.46 706.10 Td (jurisdiction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.60 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 84.76 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.58 694.10 Td (of) Tj ET Q q 0 0 0 rg BT 104.73 694.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 121.55 694.10 Td (against ) Tj ET Q q 0 0 0 rg BT 152.26 694.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 183.51 694.10 Td (income ) Tj ET Q q 0 0 0 rg BT 215.33 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.49 694.10 Td (another ) Tj ET Q q 0 0 0 rg BT 257.85 694.10 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 308.11 694.10 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 333.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.59 694.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 388.86 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 408.46 694.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 425.28 694.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 439.88 694.10 Td (within ) Tj ET Q q 0 0 0 rg BT 467.82 694.10 Td (some ) Tj ET Q q 0 0 0 rg BT 491.31 694.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 543.13 694.10 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (though ) Tj ET Q q 0 0 0 rg BT 80.28 682.10 Td (it ) Tj ET Q q 0 0 0 rg BT 88.33 682.10 Td (might ) Tj ET Q q 0 0 0 rg BT 114.17 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 135.55 682.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.49 682.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 177.75 682.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 195.81 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 205.53 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.24 682.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 273.29 682.10 Td (level.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.21 658.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 104.99 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.88 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.32 658.10 Td (three ) Tj ET Q q 0 0 0 rg BT 155.53 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.20 658.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.19 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.41 658.10 Td (months ) Tj ET Q q 0 0 0 rg BT 226.09 658.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.20 658.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 295.52 658.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.52 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.75 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.42 658.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.42 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.65 658.10 Td (dif) Tj ET Q q 0 0 0 rg BT 367.57 658.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 390.34 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 412.00 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.45 658.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 458.67 658.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 500.33 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.56 658.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 549.79 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 87.50 646.10 Td (income ) Tj ET Q q 0 0 0 rg BT 119.43 646.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.15 646.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 151.63 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.46 646.10 Td (0% ) Tj ET Q q 0 0 0 rg BT 178.29 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.12 646.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 586.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 586.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 586.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 558.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 558.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 544.6 m 438.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 530.6 m 438.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 544.6 m 494.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 530.6 m 494.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 544.6 m 498.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 530.6 m 498.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 544.6 m 554.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 530.6 m 554.5 530.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 605.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 614.33 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.90 604.33 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.00 591.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.00 591.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.17 Td (Income ) Tj ET Q q 0 0 0 rg BT 85.49 577.17 Td (taxes ) Tj ET Q q 0 0 0 rg BT 108.53 577.17 Td (at ) Tj ET Q q 0 0 0 rg BT 118.25 577.17 Td (statutory ) Tj ET Q q 0 0 0 rg BT 155.74 577.17 Td (rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 577.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 577.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.35 563.17 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.74 563.17 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 563.17 Td (transfers ) Tj ET Q q 0 0 0 rg BT 127.50 563.17 Td (to ) Tj ET Q q 0 0 0 rg BT 137.78 563.17 Td (new ) Tj ET Q q 0 0 0 rg BT 156.94 563.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.66 563.17 Td (jurisdictions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 563.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 563.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 549.17 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.74 549.17 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 549.17 Td (taxable ) Tj ET Q q 0 0 0 rg BT 121.95 549.17 Td (income ) Tj ET Q q 0 0 0 rg BT 153.88 549.17 Td (in ) Tj ET Q q 0 0 0 rg BT 164.16 549.17 Td (various ) Tj ET Q q 0 0 0 rg BT 196.10 549.17 Td (countries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 549.17 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 549.17 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 535.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 535.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 535.28 Td (35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 535.28 Td (44) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 78.13 507.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 90.63 507.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 124.60 507.10 Td (T) Tj ET Q q 0 0 0 rg BT 130.36 507.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.68 483.10 Td (income ) Tj ET Q q 0 0 0 rg BT 121.26 483.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 144.95 483.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 173.63 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.00 483.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 219.36 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.84 483.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 275.08 483.10 Td (dif) Tj ET Q q 0 0 0 rg BT 286.01 483.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 322.46 483.10 Td (between ) Tj ET Q q 0 0 0 rg BT 358.93 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.29 483.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 407.43 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.91 483.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 445.39 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.98 483.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 503.34 483.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.35 483.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.75 471.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 127.18 471.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 165.50 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.71 471.10 Td (such ) Tj ET Q q 0 0 0 rg BT 203.81 471.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 240.46 471.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 287.10 471.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.53 471.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 316.51 471.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 357.13 471.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.45 471.10 Td (net ) Tj ET Q q 0 0 0 rg BT 390.44 471.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 426.51 471.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.50 471.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 463.71 471.10 Td (\(liability\) ) Tj ET Q q 0 0 0 rg BT 504.25 471.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 538.69 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 471.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 423.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 88.23 423.10 Td (T) Tj ET Q q 0 0 0 rg BT 92.87 423.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 104.63 423.10 Td (Assets:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 373.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 373.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 373.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 345.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 345.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 345.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 317.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 317.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 317.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 289.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 289.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 317.6 m 443.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 303.6 m 443.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 317.6 m 447.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 303.6 m 447.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 317.6 m 502.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 303.6 m 502.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 317.6 m 506.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 303.6 m 506.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 317.6 m 562.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 303.6 m 562.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 289.6 m 443.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 275.6 m 443.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 289.6 m 447.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 275.6 m 447.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 289.6 m 502.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 275.6 m 502.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 289.6 m 506.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 275.6 m 506.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 289.6 m 562.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 275.6 m 562.5 275.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 392.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.30 402.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 392.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.85 402.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 392.28 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 378.17 Td (Pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 378.17 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 378.17 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.17 Td (Provisions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 364.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 364.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 350.17 Td (Property) Tj ET Q q 0 0 0 rg BT 87.11 350.17 Td (, ) Tj ET Q q 0 0 0 rg BT 91.79 350.17 Td (plant ) Tj ET Q q 0 0 0 rg BT 114.28 350.17 Td (and ) Tj ET Q q 0 0 0 rg BT 131.22 350.17 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 350.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 350.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 336.17 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.94 336.17 Td (operating ) Tj ET Q q 0 0 0 rg BT 110.20 336.17 Td (losses ) Tj ET Q q 0 0 0 rg BT 136.59 336.17 Td (carried ) Tj ET Q q 0 0 0 rg BT 166.85 336.17 Td (forward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 336.17 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 336.17 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 322.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 322.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 322.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 308.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 65.13 308.28 Td (oss ) Tj ET Q q 0 0 0 rg BT 80.32 308.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 106.87 308.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 119.28 308.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.11 308.28 Td (asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 308.28 Td (143) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 308.28 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 294.17 Td (V) Tj ET Q q 0 0 0 rg BT 59.11 294.17 Td (aluation ) Tj ET Q q 0 0 0 rg BT 93.83 294.17 Td (allowance ) Tj ET Q q 0 0 0 rg BT 136.86 294.17 Td (related ) Tj ET Q q 0 0 0 rg BT 166.56 294.17 Td (to ) Tj ET Q q 0 0 0 rg BT 176.84 294.17 Td (net ) Tj ET Q q 0 0 0 rg BT 191.55 294.17 Td (operating ) Tj ET Q q 0 0 0 rg BT 231.82 294.17 Td (losses ) Tj ET Q q 0 0 0 rg BT 258.21 294.17 Td (carried ) Tj ET Q q 0 0 0 rg BT 288.46 294.17 Td (forward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 294.22 Td (\(115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 294.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 294.22 Td (\(115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 294.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 280.28 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 280.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 96.96 280.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 109.46 280.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.29 280.28 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 280.17 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 280.28 Td (37) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 252.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 88.23 252.10 Td (T) Tj ET Q q 0 0 0 rg BT 92.87 252.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 104.81 252.10 Td (Liability:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 202.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 202.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 202.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 202.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 202.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 174.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 174.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 174.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 146.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 146.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 146.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 146.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 146.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 160.60000000000002 m 443.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 146.60000000000002 m 443.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 160.60000000000002 m 447.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 146.60000000000002 m 447.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 160.60000000000002 m 502.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 146.60000000000002 m 502.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 160.60000000000002 m 506.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 146.60000000000002 m 506.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 160.60000000000002 m 562.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 146.60000000000002 m 562.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 132.60000000000002 m 443.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 132.60000000000002 m 447.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 132.60000000000002 m 502.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 132.60000000000002 m 506.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 132.60000000000002 m 562.5 132.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 231.31 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 221.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.30 231.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 221.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.85 231.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 221.28 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 207.17 Td (Property) Tj ET Q q 0 0 0 rg BT 87.11 207.17 Td (, ) Tj ET Q q 0 0 0 rg BT 91.79 207.17 Td (plant ) Tj ET Q q 0 0 0 rg BT 114.28 207.17 Td (and ) Tj ET Q q 0 0 0 rg BT 131.22 207.17 Td (equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 207.28 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 207.17 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 193.17 Td (Gain ) Tj ET Q q 0 0 0 rg BT 74.94 193.17 Td (from ) Tj ET Q q 0 0 0 rg BT 96.88 193.17 Td (sale ) Tj ET Q q 0 0 0 rg BT 114.92 193.17 Td (of ) Tj ET Q q 0 0 0 rg BT 125.75 193.17 Td (fixed ) Tj ET Q q 0 0 0 rg BT 148.80 193.17 Td (assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 193.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 193.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 179.17 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 86.61 179.17 Td (exchange) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 179.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 179.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 165.17 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 165.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 165.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 151.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 65.13 151.28 Td (oss ) Tj ET Q q 0 0 0 rg BT 80.32 151.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 106.87 151.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 119.28 151.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.11 151.28 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 151.28 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 151.28 Td (60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 137.28 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 137.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 96.96 137.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 109.46 137.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.29 137.28 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 137.33 Td (\(20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 137.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 137.33 Td (\(23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 137.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.94 742.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 102.74 742.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 125.79 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.50 742.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 180.76 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.59 742.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 706.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 706.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 706.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 706.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 706.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 678.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 678.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 678.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 678.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 678.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 650.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 650.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 650.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 650.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 650.6 m 443.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 636.6 m 443.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 650.6 m 502.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 636.6 m 502.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 650.6 m 562.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 636.6 m 562.5 636.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 711.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.30 721.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 711.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.85 721.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 711.28 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.17 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 98.83 697.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.63 697.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.35 697.17 Td (asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 697.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 697.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 683.17 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 98.26 683.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.07 683.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.79 683.17 Td (asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 683.28 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 683.17 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.17 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 98.83 669.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.63 669.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.35 669.17 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 669.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 669.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.17 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 98.26 655.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.07 655.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.79 655.17 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 655.33 Td (\(48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 655.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 655.22 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 655.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 641.28 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 641.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 96.96 641.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 109.46 641.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.29 641.28 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 641.33 Td (\(20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 641.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 641.22 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 641.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 78.61 613.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 109.98 613.10 Td (income ) Tj ET Q q 0 0 0 rg BT 141.91 613.10 Td (justifies ) Tj ET Q q 0 0 0 rg BT 176.08 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.80 613.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 229.96 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.79 613.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.51 613.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 273.57 613.10 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 335.48 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.76 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.47 613.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 406.84 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.67 613.10 Td (net ) Tj ET Q q 0 0 0 rg BT 432.39 613.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 468.19 613.10 Td (taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (Uncertain ) Tj ET Q q 0 0 0 rg BT 95.09 589.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.84 589.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 113.34 589.10 Td (Positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 81.91 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.71 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.40 565.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 154.45 565.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 201.35 565.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 251.04 565.10 Td (have ) Tj ET Q q 0 0 0 rg BT 272.40 565.10 Td (been ) Tj ET Q q 0 0 0 rg BT 293.75 565.10 Td (party ) Tj ET Q q 0 0 0 rg BT 316.77 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.02 565.10 Td (an ) Tj ET Q q 0 0 0 rg BT 338.93 565.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 374.18 565.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 405.54 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.79 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.70 565.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.39 565.10 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 492.07 565.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 519.55 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.80 565.10 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 553.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 72.91 553.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.18 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.68 553.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 149.39 553.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.88 553.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 210.37 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.43 553.10 Td (regards ) Tj ET Q q 0 0 0 rg BT 254.13 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.19 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.68 553.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 314.50 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.11 553.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.59 553.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 379.30 553.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 411.46 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.51 553.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.23 553.10 Td (dif) Tj ET Q q 0 0 0 rg BT 441.16 553.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 467.75 553.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.25 553.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 532.08 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 553.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 92.36 541.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.94 541.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 153.74 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.00 541.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 208.46 541.10 Td (currency) Tj ET Q q 0 0 0 rg BT 242.79 541.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.21 541.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.14 541.10 Td (In ) Tj ET Q q 0 0 0 rg BT 261.74 541.10 Td (April ) Tj ET Q q 0 0 0 rg BT 285.78 541.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 308.70 541.10 Td (these ) Tj ET Q q 0 0 0 rg BT 332.17 541.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 382.31 541.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 414.66 541.10 Td (into ) Tj ET Q q 0 0 0 rg BT 433.14 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.50 541.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 484.52 541.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 529.09 541.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 541.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 97.66 529.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.11 529.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 158.55 529.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 196.78 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.79 529.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 262.13 529.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 284.79 529.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 336.34 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.35 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.80 529.10 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 384.93 529.10 Td (District ) Tj ET Q q 0 0 0 rg BT 418.15 529.10 Td (Court. ) Tj ET Q q 0 0 0 rg BT 446.67 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.66 529.10 Td (The ) Tj ET Q q 0 0 0 rg BT 468.44 529.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 493.89 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.46 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.90 529.10 Td (settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.94 517.10 Td (include ) Tj ET Q q 0 0 0 rg BT 127.67 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.18 517.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.37 517.10 Td (making ) Tj ET Q q 0 0 0 rg BT 218.66 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.40 517.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.46 517.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 285.19 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.27 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.78 517.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 327.30 517.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 372.81 517.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.76 517.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 432.16 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.79 517.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 475.96 517.10 Td (reassessments ) Tj ET Q q 0 0 0 rg BT 535.36 517.10 Td (agreed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (between ) Tj ET Q q 0 0 0 rg BT 84.58 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.07 505.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 128.49 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.76 505.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 172.15 505.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 214.52 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.11 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.60 505.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 289.96 505.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 318.44 505.10 Td (from ) Tj ET Q q 0 0 0 rg BT 339.15 505.10 Td (these ) Tj ET Q q 0 0 0 rg BT 360.96 505.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 394.17 505.10 Td (there ) Tj ET Q q 0 0 0 rg BT 415.42 505.10 Td (will ) Tj ET Q q 0 0 0 rg BT 432.25 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 442.95 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.22 505.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.93 505.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 485.61 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.66 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.14 505.10 Td (unrecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.63 493.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 101.20 493.10 Td (including ) Tj ET Q q 0 0 0 rg BT 141.39 493.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.24 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.10 493.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 228.06 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.80 493.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 298.98 493.10 Td ($140 ) Tj ET Q q 0 0 0 rg BT 321.39 493.10 Td (million ) Tj ET Q q 0 0 0 rg BT 352.70 493.10 Td (- ) Tj ET Q q 0 0 0 rg BT 358.45 493.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 380.86 493.10 Td (million ) Tj ET Q q 0 0 0 rg BT 412.17 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.92 493.10 Td (which ) Tj ET Q q 0 0 0 rg BT 449.77 493.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 509.95 493.10 Td ($80 ) Tj ET Q q 0 0 0 rg BT 527.36 493.10 Td (million ) Tj ET Q q 0 0 0 rg BT 558.67 493.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 72.50 481.10 Td (million ) Tj ET Q q 0 0 0 rg BT 103.89 481.10 Td (will ) Tj ET Q q 0 0 0 rg BT 121.95 481.10 Td (have ) Tj ET Q q 0 0 0 rg BT 143.33 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.26 481.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 190.52 481.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 220.23 481.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.73 481.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.56 481.10 Td (second ) Tj ET Q q 0 0 0 rg BT 278.83 481.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 309.64 481.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 332.14 481.10 Td (ef) Tj ET Q q 0 0 0 rg BT 339.73 481.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 369.43 481.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 384.15 481.10 Td (rate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 433.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 79.99 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 433.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 128.89 433.10 Td (per) Tj ET Q q 0 0 0 rg BT 143.15 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.65 433.10 Td (shar) Tj ET Q q 0 0 0 rg BT 164.36 433.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.12 409.10 Td (computation ) Tj ET Q q 0 0 0 rg BT 120.68 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.58 409.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 154.69 409.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 191.14 409.10 Td (per ) Tj ET Q q 0 0 0 rg BT 206.48 409.10 Td (share ) Tj ET Q q 0 0 0 rg BT 230.15 409.10 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 265.49 409.10 Td (is ) Tj ET Q q 0 0 0 rg BT 274.73 409.10 Td (based ) Tj ET Q q 0 0 0 rg BT 300.06 409.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.63 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.42 409.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 366.65 409.10 Td (average ) Tj ET Q q 0 0 0 rg BT 400.30 409.10 Td (number ) Tj ET Q q 0 0 0 rg BT 433.42 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.32 409.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 471.88 409.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 521.11 409.10 Td (during ) Tj ET Q q 0 0 0 rg BT 549.79 409.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 80.55 397.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 113.04 397.10 Td (EPS ) Tj ET Q q 0 0 0 rg BT 132.77 397.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 168.60 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.32 397.10 Td (ef) Tj ET Q q 0 0 0 rg BT 190.90 397.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 208.39 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.22 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.94 397.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 270.87 397.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 317.25 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.08 397.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 373.35 397.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 406.40 397.10 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 373.10 Td (components ) Tj ET Q q 0 0 0 rg BT 118.87 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.70 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.42 373.10 Td (numerator ) Tj ET Q q 0 0 0 rg BT 188.01 373.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.17 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.89 373.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 263.26 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.09 373.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 297.13 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.07 373.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 344.35 373.10 Td (EPS ) Tj ET Q q 0 0 0 rg BT 364.08 373.10 Td (are ) Tj ET Q q 0 0 0 rg BT 378.78 373.10 Td (as ) Tj ET Q q 0 0 0 rg BT 389.61 373.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 312.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 312.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 312.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 312.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 312.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 312.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 284.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 284.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 284.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 284.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 284.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 284.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 284.6 m 438.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 270.6 m 438.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 284.6 m 442.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 270.6 m 442.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 284.6 m 446.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 270.6 m 446.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 284.6 m 502.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 270.6 m 502.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 284.6 m 506.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 270.6 m 506.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 284.6 m 562.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 270.6 m 562.5 270.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 331.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 341.28 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.90 331.28 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 317.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 317.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 303.17 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.94 303.17 Td (income ) Tj ET Q q 0 0 0 rg BT 101.87 303.17 Td (attributable ) Tj ET Q q 0 0 0 rg BT 149.91 303.17 Td (to ) Tj ET Q q 0 0 0 rg BT 160.19 303.17 Td (the ) Tj ET Q q 0 0 0 rg BT 174.90 303.17 Td (parent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 303.17 Td (3,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 303.17 Td (409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 289.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 289.17 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.74 289.17 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 289.17 Td (dilution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 289.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 289.17 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 275.28 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 87.17 275.28 Td (net ) Tj ET Q q 0 0 0 rg BT 103.00 275.28 Td (income ) Tj ET Q q 0 0 0 rg BT 136.05 275.28 Td (attributable ) Tj ET Q q 0 0 0 rg BT 189.66 275.28 Td (to ) Tj ET Q q 0 0 0 rg BT 200.49 275.28 Td (the ) Tj ET Q q 0 0 0 rg BT 216.32 275.28 Td (par) Tj ET Q q 0 0 0 rg BT 231.13 275.28 Td (ent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 275.28 Td (3,073) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 275.28 Td (418) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 235.10 Td (components ) Tj ET Q q 0 0 0 rg BT 118.87 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.70 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.42 235.10 Td (denominator ) Tj ET Q q 0 0 0 rg BT 197.46 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.62 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.34 235.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 272.71 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.54 235.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 306.58 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.52 235.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 353.79 235.10 Td (EPS ) Tj ET Q q 0 0 0 rg BT 373.53 235.10 Td (are ) Tj ET Q q 0 0 0 rg BT 388.23 235.10 Td (as ) Tj ET Q q 0 0 0 rg BT 399.06 235.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 174.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 174.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 174.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 146.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 146.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 146.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 146.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 146.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 146.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 118.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 118.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 118.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 118.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 118.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 118.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 90.60 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 90.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 90.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 90.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 90.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 90.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 151.17 Td (W) Tj ET Q q 0 0 0 rg BT 68.04 151.17 Td (eighted ) Tj ET Q q 0 0 0 rg BT 99.57 151.17 Td (average ) Tj ET Q q 0 0 0 rg BT 133.16 151.17 Td (number ) Tj ET Q q 0 0 0 rg BT 166.20 151.17 Td (of ) Tj ET Q q 0 0 0 rg BT 177.03 151.17 Td (common ) Tj ET Q q 0 0 0 rg BT 214.53 151.17 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.02 151.17 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 151.17 Td (469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 151.17 Td (469) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 137.16 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 85.50 137.16 Td (earnings ) Tj ET Q q 0 0 0 rg BT 123.00 137.16 Td (per ) Tj ET Q q 0 0 0 rg BT 138.83 137.16 Td (shar) Tj ET Q q 0 0 0 rg BT 156.24 137.16 Td (e:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 137.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 137.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 123.17 Td (W) Tj ET Q q 0 0 0 rg BT 68.04 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220.39 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 230.10 718.25 Td (marked ) Tj ET Q q 0 0 0 rg BT 263.13 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.94 718.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 307.25 718.25 Td (with ) Tj ET Q q 0 0 0 rg BT 328.06 718.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 363.31 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.13 718.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 391.04 718.25 Td (value ) Tj ET Q q 0 0 0 rg BT 415.73 718.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 462.64 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 473.45 718.25 Td (other ) Tj ET Q q 0 0 0 rg BT 501.48 718.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (income ) Tj ET Q q 0 0 0 rg BT 86.37 706.25 Td (\(OCI\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 97.70 682.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 137.64 682.25 Td (held ) Tj ET Q q 0 0 0 rg BT 157.02 682.25 Td (by ) Tj ET Q q 0 0 0 rg BT 169.19 682.25 Td (us ) Tj ET Q q 0 0 0 rg BT 180.26 682.25 Td (include ) Tj ET Q q 0 0 0 rg BT 211.86 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 214.03 682.25 Td (an ) Tj ET Q q 0 0 0 rg BT 225.64 682.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 271.69 682.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.19 682.25 Td (12.02%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.02 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.19 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.69 682.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 390.61 682.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 433.88 682.25 Td (Bhd ) Tj ET Q q 0 0 0 rg BT 452.72 682.25 Td (\(SapuraKencana\) ) Tj ET Q q 0 0 0 rg BT 533.17 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 682.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.38 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.66 670.25 Td (common ) Tj ET Q q 0 0 0 rg BT 144.16 670.25 Td (units ) Tj ET Q q 0 0 0 rg BT 166.10 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.38 670.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 209.99 670.25 Td (Partners. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 98.03 646.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 138.30 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.23 646.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 189.94 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.22 646.25 Td (their ) Tj ET Q q 0 0 0 rg BT 221.04 646.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 256.86 646.25 Td (value ) Tj ET Q q 0 0 0 rg BT 281.02 646.25 Td (are ) Tj ET Q q 0 0 0 rg BT 295.72 646.25 Td (as ) Tj ET Q q 0 0 0 rg BT 306.55 646.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.75 200.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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492.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 536.75 m 562.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 522.75 m 562.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 522.75 m 488.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 471.75 m 250.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 456.75 m 250.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 471.75 m 254.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 456.75 m 254.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 471.75 m 312.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 456.75 m 312.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 471.75 m 316.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 456.75 m 316.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 471.75 m 402.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 456.75 m 402.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 471.75 m 406.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 456.75 m 406.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 471.75 m 488.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 456.75 m 488.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 471.75 m 492.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 456.75 m 492.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 471.75 m 562.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 456.75 m 562.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 356.75 m 250.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 342.75 m 250.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 356.75 m 254.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 342.75 m 254.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 356.75 m 312.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 342.75 m 312.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 356.75 m 316.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 342.75 m 316.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 356.75 m 402.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 342.75 m 402.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 356.75 m 406.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 342.75 m 406.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 356.75 m 488.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 342.75 m 488.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 356.75 m 492.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 342.75 m 492.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 356.75 m 562.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 342.75 m 562.5 342.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 616.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 616.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 616.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.50 616.43 Td (Petromena) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.05 616.43 Td (SapuraKencana) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.05 626.43 Td (seadrill Partner's) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.45 616.43 Td (Common units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.10 616.43 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 601.42 Td (Net book value at December 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 601.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 601.42 Td (329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 601.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 601.42 Td (333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 586.42 Td (Market value of shares acquired on disposal of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.42 Td (tender rig division) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 576.42 Td (416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 576.42 Td (416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 562.32 Td (Fair market value adjustments recognized in the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.32 Td (statement of other comprehensive income for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.32 Td (the year ended December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 541.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 541.42 Td (333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 541.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 541.42 Td (333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 527.43 Td (Net book value at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 527.43 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 527.43 Td (1,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 527.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 527.43 Td (1,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 512.42 Td (Marketable securities short-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 512.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 512.42 Td (412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 512.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 512.42 Td (416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 497.42 Td (Marketable securities long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 497.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 497.42 Td (666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 497.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 497.42 Td (666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 461.43 Td (Net book value at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 461.43 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 461.43 Td (1,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 461.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 461.43 Td (1,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.42 Td (Realization of marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.30 446.47 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 446.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 446.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 446.47 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 446.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.32 Td (Recognition of investment in seadrill Partners -) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.32 Td (Common units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 421.42 Td (671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 421.42 Td (671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.32 Td (Issuance of 1,633,987 common units to SDRL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.32 Td (on March 17, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 396.42 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 396.42 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 382.32 Td (Fair market value adjustments recognized in the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 372.32 Td (statement of other comprehensive income for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.32 Td (the period ended March 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.30 361.47 Td (\(85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 361.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 361.47 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 361.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 361.47 Td (\(113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 361.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 347.43 Td (Net book value at March 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 347.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 347.43 Td (993) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 347.43 Td (693) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 347.43 Td (1,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 332.42 Td (Marketable securities short-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 332.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 332.42 Td (379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 332.42 Td (693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 332.42 Td (1,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 317.42 Td (Marketable securities long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 317.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 317.42 Td (614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 317.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 317.42 Td (614) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 287.9169921875 m 95.263671875 287.9169921875 l s q 0 0 0 rg BT 50.00 289.25 Td (Petromena ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 277.25 Td (e received the final payment related to our investment in the 81.1% of the partially redeemed Petromena NOK 2,000 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (bond \(Petromena\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.13 265.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.52 265.25 Td (. ) Tj ET Q q 0 0 0 rg BT 195.34 265.25 Td (The residual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.54 265.25 Td ($6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.94 265.25 Td ( after the investment was reduced has been recorded as a gain in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td ("other financial items" in the consolidated statement of operations. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 227.9169921875 m 180.2685546875 227.9169921875 l s q 0 0 0 rg BT 50.00 229.25 Td (seadrill Partners Common Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (Our holding of the voting common units of seadrill Partners are accounted for as marketable securities on the basis that during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (the subordination period the common units have preferential dividend and liquidation rights, and therefore do not represent a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (in-substance common stock) Tj ET Q q 0 0 0 rg BT 167.01 193.25 Td ( interest as defined by US GAAP) Tj ET Q q 0 0 0 rg BT 298.66 193.25 Td (. ) Tj ET Q q 0 0 0 rg BT 303.48 193.25 Td (These securities were recognized on January 02, 2014 at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (quoted market price and are re-measured at fair value each reporting period. For more details on the deconsolidation of seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (Partners see Note 4.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 8 Investment in associated companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 718.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.87 718.25 Td (has ) Tj ET Q q 0 0 0 rg BT 124.42 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.85 718.25 Td (following ) Tj ET Q q 0 0 0 rg BT 179.96 718.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 229.95 718.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.16 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 261.59 718.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 298.78 718.25 Td (using ) Tj ET Q q 0 0 0 rg BT 322.67 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.11 718.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 364.32 718.25 Td (method ) Tj ET Q q 0 0 0 rg BT 396.53 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.19 718.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 431.52 718.25 Td (method ) Tj ET Q q 0 0 0 rg BT 463.73 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.61 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.04 718.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 523.70 718.25 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 706.25 Td (these ) Tj ET Q q 0 0 0 rg BT 83.33 706.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.81 706.25 Td (statements:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 670.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 670.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 670.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 640.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 640.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 640.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 610.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 610.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 580.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 580.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 580.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 550.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 550.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 550.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 520.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 520.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 520.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 490.75 m 350.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 475.75 m 350.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 490.75 m 450.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 475.75 m 450.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 490.75 m 454.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 475.75 m 454.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 490.75 m 554.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 475.75 m 554.5 475.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 675.46 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.80 675.43 Td (March 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.35 675.43 Td (December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 660.42 Td (Archer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 660.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 660.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.42 Td (Seabras Sapura Participacoes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 645.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 645.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.42 Td (Seabras Sapura Holdco) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 630.42 Td (110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 630.42 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.42 Td (Itaunas Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 615.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 615.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.42 Td (Camburi Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 600.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 600.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.42 Td (Sahy Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 585.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 585.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.42 Td (seadrill Operating LP*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 570.42 Td (1,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 570.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.42 Td (seadrill Capricorn Holdings LLC*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 555.42 Td (896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 555.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.42 Td (seadrill Mobile Units Limited*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 540.42 Td (310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 540.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.42 Td (seadrill Deepwater Drillship Limited*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 525.42 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 525.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.42 Td (seadrill Partners - Subordinated Units*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 510.42 Td (422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 510.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.42 Td (seadrill Partners - seadrill Member Interest and IDRs*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 495.42 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 495.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 480.43 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 480.43 Td (3,286) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 480.43 Td (140) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.45 Td (* ) Tj ET Q q 0 0 0 rg BT 56.16 453.45 Td (As ) Tj ET Q q 0 0 0 rg BT 68.77 453.45 Td (of ) Tj ET Q q 0 0 0 rg BT 78.60 453.45 Td (the ) Tj ET Q q 0 0 0 rg BT 92.31 453.45 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 157.12 453.45 Td (date ) Tj ET Q q 0 0 0 rg BT 175.27 453.45 Td (of ) Tj ET Q q 0 0 0 rg BT 185.10 453.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 217.69 453.45 Td (Partners ) Tj ET Q q 0 0 0 rg BT 251.96 453.45 Td (on ) Tj ET Q q 0 0 0 rg BT 263.45 453.45 Td (January ) Tj ET Q q 0 0 0 rg BT 296.04 453.45 Td (2, ) Tj ET Q q 0 0 0 rg BT 305.04 453.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 329.03 453.45 Td (we ) Tj ET Q q 0 0 0 rg BT 342.19 453.45 Td (have ) Tj ET Q q 0 0 0 rg BT 362.56 453.45 Td (reflected ) Tj ET Q q 0 0 0 rg BT 399.02 453.45 Td (the ) Tj ET Q q 0 0 0 rg BT 412.73 453.45 Td (direct ) Tj ET Q q 0 0 0 rg BT 436.99 453.45 Td (ownership ) Tj ET Q q 0 0 0 rg BT 480.14 453.45 Td (in ) Tj ET Q q 0 0 0 rg BT 489.42 453.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 522.01 453.45 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.45 Td (LP) Tj ET Q q 0 0 0 rg BT 60.56 441.45 Td (, ) Tj ET Q q 0 0 0 rg BT 66.60 441.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 101.24 441.45 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 144.77 441.45 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 184.98 441.45 Td (and ) Tj ET Q q 0 0 0 rg BT 202.95 441.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 237.60 441.45 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 284.44 441.45 Td (Drillship ) Tj ET Q q 0 0 0 rg BT 323.54 441.45 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 343.46 441.45 Td (the ) Tj ET Q q 0 0 0 rg BT 359.22 441.45 Td (indirect ) Tj ET Q q 0 0 0 rg BT 393.30 441.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 426.27 441.45 Td (in ) Tj ET Q q 0 0 0 rg BT 437.59 441.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 472.23 441.45 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 504.66 441.45 Td (Units ) Tj ET Q q 0 0 0 rg BT 529.87 441.45 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 549.79 441.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.45 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 103.23 429.45 Td (units, ) Tj ET Q q 0 0 0 rg BT 126.75 429.45 Td (and ) Tj ET Q q 0 0 0 rg BT 142.77 429.45 Td (the ) Tj ET Q q 0 0 0 rg BT 156.56 429.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 189.24 429.45 Td (Member ) Tj ET Q q 0 0 0 rg BT 224.69 429.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 256.25 429.45 Td (and ) Tj ET Q q 0 0 0 rg BT 272.26 429.45 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 311.04 429.45 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 360.95 429.45 Td (Rights ) Tj ET Q q 0 0 0 rg BT 388.64 429.45 Td (\(IDRs\) ) Tj ET Q q 0 0 0 rg BT 417.99 429.45 Td (as ) Tj ET Q q 0 0 0 rg BT 427.89 429.45 Td (associated ) Tj ET Q q 0 0 0 rg BT 470.56 429.45 Td (companies ) Tj ET Q q 0 0 0 rg BT 514.90 429.45 Td (at ) Tj ET Q q 0 0 0 rg BT 523.69 429.45 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 417.45 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.45 Td (The ) Tj ET Q q 0 0 0 rg BT 68.31 393.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 102.19 393.45 Td (Partners ) Tj ET Q q 0 0 0 rg BT 137.72 393.45 Td (- ) Tj ET Q q 0 0 0 rg BT 143.82 393.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 177.69 393.45 Td (Member ) Tj ET Q q 0 0 0 rg BT 214.33 393.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 247.09 393.45 Td (and ) Tj ET Q q 0 0 0 rg BT 264.29 393.45 Td (IDR's ) Tj ET Q q 0 0 0 rg BT 289.98 393.45 Td (are ) Tj ET Q q 0 0 0 rg BT 304.95 393.45 Td (accounted ) Tj ET Q q 0 0 0 rg BT 348.25 393.45 Td (for ) Tj ET Q q 0 0 0 rg BT 362.68 393.45 Td (as ) Tj ET Q q 0 0 0 rg BT 373.78 393.45 Td (cost-method ) Tj ET Q q 0 0 0 rg BT 425.98 393.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 476.52 393.45 Td (on ) Tj ET Q q 0 0 0 rg BT 489.29 393.45 Td (the ) Tj ET Q q 0 0 0 rg BT 504.27 393.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 527.04 393.45 Td (that ) Tj ET Q q 0 0 0 rg BT 544.80 393.45 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.45 Td (do ) Tj ET Q q 0 0 0 rg BT 62.37 381.45 Td (not ) Tj ET Q q 0 0 0 rg BT 77.52 381.45 Td (represent ) Tj ET Q q 0 0 0 rg BT 116.54 381.45 Td (common ) Tj ET Q q 0 0 0 rg BT 153.91 381.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 177.39 381.45 Td (interests ) Tj ET Q q 0 0 0 rg BT 213.09 381.45 Td (and ) Tj ET Q q 0 0 0 rg BT 229.90 381.45 Td (their ) Tj ET Q q 0 0 0 rg BT 250.60 381.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 266.85 381.45 Td (value ) Tj ET Q q 0 0 0 rg BT 290.88 381.45 Td (is ) Tj ET Q q 0 0 0 rg BT 299.92 381.45 Td (not ) Tj ET Q q 0 0 0 rg BT 315.07 381.45 Td (readily ) Tj ET Q q 0 0 0 rg BT 345.21 381.45 Td (determinable. ) Tj ET Q q 0 0 0 rg BT 402.11 381.45 Td (The ) Tj ET Q q 0 0 0 rg BT 420.03 381.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 470.18 381.45 Td (are ) Tj ET Q q 0 0 0 rg BT 484.76 381.45 Td (held ) Tj ET Q q 0 0 0 rg BT 504.35 381.45 Td (at ) Tj ET Q q 0 0 0 rg BT 513.94 381.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 532.42 381.45 Td (and ) Tj ET Q q 0 0 0 rg BT 549.23 381.45 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.45 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 104.72 369.45 Td (re-measured. ) Tj ET Q q 0 0 0 rg BT 159.13 369.45 Td (For ) Tj ET Q q 0 0 0 rg BT 175.52 369.45 Td (more ) Tj ET Q q 0 0 0 rg BT 198.57 369.45 Td (details ) Tj ET Q q 0 0 0 rg BT 227.17 369.45 Td (on ) Tj ET Q q 0 0 0 rg BT 239.67 369.45 Td (the ) Tj ET Q q 0 0 0 rg BT 254.39 369.45 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 320.21 369.45 Td (of ) Tj ET Q q 0 0 0 rg BT 331.04 369.45 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 364.64 369.45 Td (Partners ) Tj ET Q q 0 0 0 rg BT 399.91 369.45 Td (see ) Tj ET Q q 0 0 0 rg BT 415.18 369.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 437.12 369.45 Td (4.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 9 - Disposal of subsidiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (On March 21, 2014, we completed the sale of the entities that own and operate the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.12 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 389.53 718.25 Td (est ) Tj ET Q q 0 0 0 rg BT 402.96 718.25 Td (Auriga \(the Auriga business\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.91 718.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (seadrill Capricorn Holdings LLC, a consolidated subsidiary of seadrill Partners LLC and 49% owned by the Company) Tj ET Q q 0 0 0 rg BT 526.21 706.25 Td (. ) Tj ET Q q 0 0 0 rg BT 533.53 706.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (entities continue to be related parties subsequent to the sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (The agreed purchase price consisted of an enterprise value of $1.24 billion, less debt assumed of $443 million. ) Tj ET Q q 0 0 0 rg BT 496.92 672.25 Td (The total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (consideration of $797 million comprised cash of $697 million, and a discount note receivable of $100 million. ) Tj ET Q q 0 0 0 rg BT 495.84 660.25 Td (The purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (price was subsequently adjusted by a working capital adjustment of $331 million. ) Tj ET Q q 0 0 0 rg BT 381.42 648.25 Td (The total recognized gain on sale of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (Auriga business was $440 million, which has been presented in our consolidated statement of operations, under "gain on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (disposals". included within operating income.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 578.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 578.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 548.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 548.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 518.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 518.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 488.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 488.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 458.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 458.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 428.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 428.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 398.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 398.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 368.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 368.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 548.75 m 561.5 548.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 533.75 m 561.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 503.75 m 561.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 489.75 m 561.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 487.75 m 561.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 428.75 m 561.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 413.75 m 561.5 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 368.75 m 561.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 354.75 m 561.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 352.75 m 561.5 352.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 583.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 583.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 583.46 Td (millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 568.42 Td (Enterprise value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 568.42 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 553.42 Td (Less: Debt assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 553.47 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 553.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 538.42 Td (Purchase price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 538.42 Td (797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 508.42 Td (Less: Working capital adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 508.47 Td (\(331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 508.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 493.43 Td (Adjusted purchase price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 493.43 Td (466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 463.42 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 463.42 Td (697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 448.42 Td (Discount note issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 448.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 433.42 Td (Less: Working capital payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 433.47 Td (\(331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 433.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 418.43 Td (Fair value of purchase consideration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 418.43 Td (466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 388.42 Td (Less: net carrying value of assets and liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 388.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 373.42 Td (Less: allocated goodwill to subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 373.47 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 373.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 358.43 Td (Gain on sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 358.43 Td (440) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.25 Td (Under the terms of various agreements between seadrill and seadrill Partners LLC, entered into in connection with the Initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.25 Td (Public Of) Tj ET Q q 0 0 0 rg BT 88.43 320.25 Td (fering of seadrill Partners LLC, seadrill will continue provide management, technical and administrative services to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (seadrill Partners and its subsidiaries. See further discussion in Note 18 for these services and agreements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 238.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 84.99 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 238.25 Td (Newbuildings) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 202.75 366.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 202.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 202.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 202.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 202.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 172.75 366.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 172.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 172.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 172.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 172.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 142.75 366.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 142.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 142.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 142.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 142.75 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 142.75 m 416.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 127.75 m 416.5 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 142.75 m 420.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 127.75 m 420.5 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 142.75 m 491.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 127.75 m 491.5 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 142.75 m 495.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 127.75 m 495.5 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 142.75 m 562.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 127.75 m 562.5 127.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 217.47 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 207.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 207.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 207.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.30 217.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.00 207.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 217.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 207.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 192.42 Td (Opening ) Tj ET Q q 0 0 0 rg BT 89.94 192.42 Td (balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 192.42 Td (3,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 192.42 Td (1,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 177.42 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 177.42 Td (722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 177.42 Td (5,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 162.42 Td (Re-classified ) Tj ET Q q 0 0 0 rg BT 107.70 162.42 Td (as ) Tj ET Q q 0 0 0 rg BT 118.53 162.42 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 152.70 162.42 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 162.47 Td (\(224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 162.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 162.47 Td (\(3,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 162.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 147.42 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 90.50 147.42 Td (of ) Tj ET Q q 0 0 0 rg BT 101.33 147.42 Td (tender ) Tj ET Q q 0 0 0 rg BT 128.82 147.42 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 147.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 147.47 Td (\(153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 147.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 132.43 Td (Closing ) Tj ET Q q 0 0 0 rg BT 87.73 132.43 Td (balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 132.43 Td (3,917) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 132.43 Td (3,419) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 742.25 Td (1) Tj ET Q q 0 0 0 rg BT 76.94 742.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 84.44 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.94 742.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 127.77 742.25 Td (units) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 697.75 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 697.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 697.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 697.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 697.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.75 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 667.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 667.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.75 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 637.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 637.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 637.75 m 493.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 623.75 m 493.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 621.75 m 493.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 637.75 m 562.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 623.75 m 562.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 621.75 m 562.5 621.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 712.46 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 702.46 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.30 712.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 702.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 712.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 702.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 687.42 Td (Cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 687.42 Td (20,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 687.42 Td (20,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.42 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 672.47 Td (\(3,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 672.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 672.47 Td (\(2,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 672.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.42 Td (Deconsolidation ) Tj ET Q q 0 0 0 rg BT 121.04 657.42 Td (of ) Tj ET Q q 0 0 0 rg BT 131.87 657.42 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 165.48 657.42 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 657.47 Td (\(3,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 657.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 657.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 642.42 Td (Disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 642.47 Td (\(736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 642.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 642.47 Td (\(800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 642.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 627.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 627.43 Td (book ) Tj ET Q q 0 0 0 rg BT 94.11 627.43 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 627.43 Td (13,163) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 627.43 Td (17,193) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 103.37 599.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 137.31 599.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.59 599.25 Td (US$172 ) Tj ET Q q 0 0 0 rg BT 189.11 599.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.73 599.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.90 599.25 Td (US$159 ) Tj ET Q q 0 0 0 rg BT 270.41 599.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.30 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.04 599.25 Td (for ) Tj ET Q q 0 0 0 rg BT 314.43 599.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.37 599.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.36 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 350.09 599.25 Td (months ) Tj ET Q q 0 0 0 rg BT 381.27 599.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.88 599.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 449.71 599.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.71 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.44 599.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.61 599.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.61 599.25 Td (, ) Tj ET Q q 0 0 0 rg BT 511.84 599.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.50 599.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.58 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 74.38 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.06 575.25 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 154.85 575.25 Td (date ) Tj ET Q q 0 0 0 rg BT 173.98 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.78 575.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 218.35 575.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 253.58 575.25 Td (on ) Tj ET Q q 0 0 0 rg BT 266.05 575.25 Td (January ) Tj ET Q q 0 0 0 rg BT 299.62 575.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 309.59 575.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 334.56 575.25 Td (we ) Tj ET Q q 0 0 0 rg BT 348.68 575.25 Td (have ) Tj ET Q q 0 0 0 rg BT 370.03 575.25 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 432.48 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.16 575.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 478.51 575.25 Td (that ) Tj ET Q q 0 0 0 rg BT 495.98 575.25 Td (own ) Tj ET Q q 0 0 0 rg BT 515.67 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.57 575.25 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.69 563.25 Td (following ) Tj ET Q q 0 0 0 rg BT 106.05 563.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 137.96 563.25 Td (units; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 162.66 563.25 Td (W) Tj ET Q q 0 0 0 rg BT 170.07 563.25 Td (est ) Tj ET Q q 0 0 0 rg BT 183.65 563.25 Td (Sirius, ) Tj ET Q q 0 0 0 rg BT 211.97 563.25 Td (W) Tj ET Q q 0 0 0 rg BT 219.38 563.25 Td (est ) Tj ET Q q 0 0 0 rg BT 232.78 563.25 Td (Aquarius, ) Tj ET Q q 0 0 0 rg BT 274.42 563.25 Td (W) Tj ET Q q 0 0 0 rg BT 281.83 563.25 Td (est ) Tj ET Q q 0 0 0 rg BT 295.42 563.25 Td (Capella, ) Tj ET Q q 0 0 0 rg BT 332.05 563.25 Td (W) Tj ET Q q 0 0 0 rg BT 339.46 563.25 Td (est ) Tj ET Q q 0 0 0 rg BT 353.05 563.25 Td (Capricorn, ) Tj ET Q q 0 0 0 rg BT 399.69 563.25 Td (W) Tj ET Q q 0 0 0 rg BT 407.10 563.25 Td (est ) Tj ET Q q 0 0 0 rg BT 420.68 563.25 Td (Leo, ) Tj ET Q q 0 0 0 rg BT 440.65 563.25 Td (T) Tj ET Q q 0 0 0 rg BT 445.47 563.25 Td (-15, ) Tj ET Q q 0 0 0 rg BT 463.77 563.25 Td (T) Tj ET Q q 0 0 0 rg BT 468.59 563.25 Td (-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.92 563.25 Td ( ) Tj ET Q q 0 0 0 rg BT 484.40 563.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.31 563.25 Td (W) Tj ET Q q 0 0 0 rg BT 508.72 563.25 Td (est ) Tj ET Q q 0 0 0 rg BT 522.30 563.25 Td (V) Tj ET Q q 0 0 0 rg BT 527.30 563.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 563.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 551.25 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 551.25 Td (details ) Tj ET Q q 0 0 0 rg BT 118.04 551.25 Td (on ) Tj ET Q q 0 0 0 rg BT 130.54 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.26 551.25 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 211.08 551.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.91 551.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 255.51 551.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 290.78 551.25 Td (see ) Tj ET Q q 0 0 0 rg BT 306.05 551.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 327.99 551.25 Td (4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (On ) Tj ET Q q 0 0 0 rg BT 65.30 533.25 Td (March ) Tj ET Q q 0 0 0 rg BT 94.48 533.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 110.06 533.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 133.13 533.25 Td (we ) Tj ET Q q 0 0 0 rg BT 147.87 533.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 192.60 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.90 533.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 226.52 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.93 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.23 533.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 285.19 533.25 Td (that ) Tj ET Q q 0 0 0 rg BT 303.26 533.25 Td (own ) Tj ET Q q 0 0 0 rg BT 323.56 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.08 533.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 373.58 533.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.88 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 396.29 533.25 Td (est ) Tj ET Q q 0 0 0 rg BT 410.25 533.25 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.03 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 441.11 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.97 533.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 486.15 533.25 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 524.50 533.25 Td (For ) Tj ET Q q 0 0 0 rg BT 541.47 533.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (details ) Tj ET Q q 0 0 0 rg BT 78.60 521.25 Td (on ) Tj ET Q q 0 0 0 rg BT 91.10 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.82 521.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 123.87 521.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.70 521.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.11 521.25 Td (est ) Tj ET Q q 0 0 0 rg BT 155.54 521.25 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.32 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 185.82 521.25 Td (see ) Tj ET Q q 0 0 0 rg BT 201.08 521.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 223.02 521.25 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 467.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 84.99 467.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 467.25 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 443.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 106.10 443.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 139.14 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.07 443.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.78 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.06 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.78 443.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 251.59 443.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 284.09 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.92 443.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 332.97 443.25 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 443.25 Td (as ) Tj ET Q q 0 0 0 rg BT 358.51 443.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.75 369.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 407.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 407.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 407.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 407.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.75 369.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 379.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 379.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 379.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 379.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.75 369.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 351.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 351.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 351.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 351.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 351.75 m 419.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 337.75 m 419.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 351.75 m 423.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 337.75 m 423.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 351.75 m 493.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 337.75 m 493.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 351.75 m 497.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 337.75 m 497.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 351.75 m 562.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 337.75 m 562.5 337.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 422.46 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 412.46 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.30 422.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 412.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 422.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 412.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.32 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.94 398.32 Td (book ) Tj ET Q q 0 0 0 rg BT 92.44 398.32 Td (value ) Tj ET Q q 0 0 0 rg BT 116.59 398.32 Td (at ) Tj ET Q q 0 0 0 rg BT 126.31 398.32 Td (beginning ) Tj ET Q q 0 0 0 rg BT 168.81 398.32 Td (of ) Tj ET Q q 0 0 0 rg BT 179.64 398.32 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 398.32 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 398.32 Td (1,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.32 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 90.50 384.32 Td (of ) Tj ET Q q 0 0 0 rg BT 101.33 384.32 Td (tender ) Tj ET Q q 0 0 0 rg BT 128.82 384.32 Td (rig ) Tj ET Q q 0 0 0 rg BT 142.42 384.32 Td (business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 384.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 384.37 Td (\(120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 384.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 370.32 Td (Deconsolidation ) Tj ET Q q 0 0 0 rg BT 121.04 370.32 Td (of ) Tj ET Q q 0 0 0 rg BT 131.87 370.32 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 165.48 370.32 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 370.37 Td (\(240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 370.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 370.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.32 Td (Disposal of subsidiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 356.37 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 356.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 356.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 342.43 Td (Net book value at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 342.43 Td (927) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 342.43 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (For more details on the deconsolidation of seadrill Partners see Note 4 and for details on the disposal of subsidiary see Note 9. ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 742.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 84.99 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 742.25 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 141.09 742.25 Td (inter) Tj ET Q q 0 0 0 rg BT 161.46 742.25 Td (est ) Tj ET Q q 0 0 0 rg BT 175.62 742.25 Td (bearing ) Tj ET Q q 0 0 0 rg BT 210.89 742.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 232.29 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.91 742.25 Td (inter) Tj ET Q q 0 0 0 rg BT 271.27 742.25 Td (est ) Tj ET Q q 0 0 0 rg BT 285.43 742.25 Td (expenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 706.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 706.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 706.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 706.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 706.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 678.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 678.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 678.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 678.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 678.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 650.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 650.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 650.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 622.75 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Tj ET Q q 0 0 0 rg BT 72.50 417.32 Td ( ) Tj ET Q q 0 0 0 rg BT 75.00 417.32 Td ($375 ) Tj ET Q q 0 0 0 rg BT 97.50 417.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 417.32 Td (304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 417.32 Td (362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 403.32 Td ($390 ) Tj ET Q q 0 0 0 rg BT 98.50 403.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 403.32 Td (363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 403.32 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 389.32 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 389.32 Td ( ) Tj ET Q q 0 0 0 rg BT 75.00 389.32 Td ($475 ) Tj ET Q q 0 0 0 rg BT 97.50 389.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 389.32 Td (435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 389.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 375.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.21 375.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.36 375.43 Td (Ship ) Tj ET Q q 0 0 0 rg BT 98.32 375.43 Td (Finance ) Tj ET Q q 0 0 0 rg BT 134.71 375.43 Td (International ) Tj ET Q q 0 0 0 rg BT 193.88 375.43 Td (Loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 375.43 Td (1,480) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 375.43 Td (1,132) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 347.43 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 87.46 347.43 Td (ed ) Tj ET Q q 0 0 0 rg BT 99.87 347.43 Td (bonds ) Tj ET Q q 0 0 0 rg BT 127.95 347.43 Td (and ) Tj ET Q q 0 0 0 rg BT 146.57 347.43 Td (convertible ) Tj ET Q q 0 0 0 rg BT 196.83 347.43 Td (bonds:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 347.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 347.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 333.32 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 121.26 333.32 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 333.32 Td (3,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 333.32 Td (2,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 319.32 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 125.71 319.32 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 319.32 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 319.32 Td (577) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 305.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.21 305.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.36 305.43 Td (unsecur) Tj ET Q q 0 0 0 rg BT 110.16 305.43 Td (ed ) Tj ET Q q 0 0 0 rg BT 122.57 305.43 Td (bonds ) Tj ET Q q 0 0 0 rg BT 150.65 305.43 Td (and ) Tj ET Q q 0 0 0 rg BT 169.27 305.43 Td (convertible ) Tj ET Q q 0 0 0 rg BT 219.53 305.43 Td (bonds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 305.43 Td (3,640) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 305.43 Td (3,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 277.32 Td (Other ) Tj ET Q q 0 0 0 rg BT 77.27 277.32 Td (credit ) Tj ET Q q 0 0 0 rg BT 102.53 277.32 Td (facilities ) Tj ET Q q 0 0 0 rg BT 139.46 277.32 Td (with ) Tj ET Q q 0 0 0 rg BT 159.74 277.32 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 219.45 277.32 Td (restricted ) Tj ET Q q 0 0 0 rg BT 259.15 277.32 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.42 277.32 Td (deposits:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 277.32 Td (194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 277.32 Td (197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 263.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.21 263.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.36 263.43 Td (debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 263.43 Td (12,390) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 263.43 Td (13,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 249.32 Td (Less: ) Tj ET Q q 0 0 0 rg BT 75.61 249.32 Td (current ) Tj ET Q q 0 0 0 rg BT 106.42 249.32 Td (portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 249.37 Td (\(1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 249.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 249.37 Td (\(1,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 249.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 235.43 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 100.60 235.43 Td (portion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 235.43 Td (10,728) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 235.43 Td (11,900) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The outstanding debt as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.59 742.10 Td (March31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.19 742.10 Td ( is repayable as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 691.60 420.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 691.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 691.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.60 420.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 661.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.60 420.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 631.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.60 420.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 601.60 88.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 601.6 m 470.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 587.6 m 470.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 601.6 m 474.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 587.6 m 474.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 601.6 m 562.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 587.6 m 562.5 587.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 721.27 Td (\(In US$ millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 711.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.85 711.28 Td (As at March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 696.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 696.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 696.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 696.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 696.27 Td (March ) Tj ET Q q 0 0 0 rg BT 171.71 696.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.71 696.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 696.27 Td (1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 681.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 681.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 681.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 681.27 Td (March ) Tj ET Q q 0 0 0 rg BT 171.71 681.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.71 681.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 681.27 Td (1,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 666.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 666.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 666.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 666.27 Td (March ) Tj ET Q q 0 0 0 rg BT 171.71 666.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.71 666.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 666.27 Td (1,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 651.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 651.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 651.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 651.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 651.27 Td (March ) Tj ET Q q 0 0 0 rg BT 171.71 651.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.71 651.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 651.27 Td (3,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 636.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 636.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 636.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 636.27 Td (March ) Tj ET Q q 0 0 0 rg BT 171.71 636.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.71 636.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 636.27 Td (2,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 621.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 621.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 621.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 621.27 Td (March ) Tj ET Q q 0 0 0 rg BT 171.71 621.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 186.71 621.27 Td (2020 ) Tj ET Q q 0 0 0 rg BT 209.21 621.27 Td (and ) Tj ET Q q 0 0 0 rg BT 226.15 621.27 Td (thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 621.27 Td (1,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.27 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 606.27 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.74 606.27 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 606.27 Td (amortization ) Tj ET Q q 0 0 0 rg BT 143.61 606.27 Td (of ) Tj ET Q q 0 0 0 rg BT 154.44 606.27 Td (convertible ) Tj ET Q q 0 0 0 rg BT 201.92 606.27 Td (bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 606.32 Td (\(69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 606.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 592.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 592.28 Td (otal ) Tj ET Q q 0 0 0 rg BT 77.36 592.28 Td (debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 592.28 Td (12,390) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 556.53505859375 m 118.408203125 556.53505859375 l s q 0 0 0 rg BT 50.00 558.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 558.10 Td (edit Facilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td ($1,500 facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (On February 21, 2014 our deconsolidated subsidiary seadrill Partners entered into an independently financed term loan and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (proceeds received from seadrill Partners new term loan were used to repay the third party lenders of this facility) Tj ET Q q 0 0 0 rg BT 498.63 510.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (conjunction with the settlement of this facility the back to back related party financing agreement with seadrill Partners was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (also settled. See Note 18 for further details on related party transactions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td ($1,450 facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (On March 21, 2014 we completed the sale of the entities that own and operate the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.62 450.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.03 450.10 Td (est ) Tj ET Q q 0 0 0 rg BT 400.46 450.10 Td (Auriga ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.74 450.10 Td (to seadrill Partners of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (one of the entities sold, was a borrower and a guarantor under this facility) Tj ET Q q 0 0 0 rg BT 344.26 438.10 Td (. ) Tj ET Q q 0 0 0 rg BT 351.58 438.10 Td (The other borrowers who are also guarantors under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (this facility remain with the Company) Tj ET Q q 0 0 0 rg BT 201.26 426.10 Td (. Each borrower and guarantor is jointly and severally liable for its own debt and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (obligations under the agreement and the debt and obligations of other borrowers and guarantors who are also party to this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 402.10 Td (. ) Tj ET Q q 0 0 0 rg BT 84.99 402.10 Td (These obligations are continuing and extend to the ultimate balance of all amounts payable by any obligor under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 98.96 390.10 Td (The total amount owed under this facility is $1,359 million including the portion related to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.61 390.10 Td (W) Tj ET Q q 0 0 0 rg BT 486.02 390.10 Td (est ) Tj ET Q q 0 0 0 rg BT 499.45 390.10 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.23 390.10 Td (. ) Tj ET Q q 0 0 0 rg BT 534.55 390.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (Company has not recognized any amounts related to the entity that owns ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.26 378.10 Td (W) Tj ET Q q 0 0 0 rg BT 350.67 378.10 Td (est ) Tj ET Q q 0 0 0 rg BT 364.10 378.10 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.88 378.10 Td ( subsequent to the sale. ) Tj ET Q q 0 0 0 rg BT 488.81 378.10 Td (Additionally the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (Company has provided an indemnity to subsidiaries of seadrill Partners for any payments or obligations related to this facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (for any losses not related to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.47 354.10 Td (W) Tj ET Q q 0 0 0 rg BT 184.88 354.10 Td (est ) Tj ET Q q 0 0 0 rg BT 198.31 354.10 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.08 354.10 Td (. For more details on the sale of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.22 354.10 Td (W) Tj ET Q q 0 0 0 rg BT 362.63 354.10 Td (est ) Tj ET Q q 0 0 0 rg BT 376.06 354.10 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.84 354.10 Td ( see Note 9. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 322.53505859375 m 123.447265625 322.53505859375 l s q 0 0 0 rg BT 50.00 324.10 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 85.37 324.10 Td (ed bonds) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (US$600 million senior unsecured bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.49 279.10 Td (January ) Tj ET Q q 0 0 0 rg BT 99.86 279.10 Td (28, ) Tj ET Q q 0 0 0 rg BT 115.63 279.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 141.40 279.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.00 279.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 202.38 279.10 Td (North ) Tj ET Q q 0 0 0 rg BT 228.26 279.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 263.74 279.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 298.68 279.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 326.95 279.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.66 279.10 Td (US$600 ) Tj ET Q q 0 0 0 rg BT 370.71 279.10 Td (million ) Tj ET Q q 0 0 0 rg BT 402.87 279.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 430.58 279.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 474.39 279.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 497.66 279.10 Td (issue. ) Tj ET Q q 0 0 0 rg BT 523.19 279.10 Td (The ) Tj ET Q q 0 0 0 rg BT 542.01 279.10 Td (bond ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 83.58 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.29 267.10 Td (January ) Tj ET Q q 0 0 0 rg BT 126.32 267.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 148.24 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.61 267.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 187.64 267.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 219.00 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.25 267.10 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 257.01 267.10 Td (per ) Tj ET Q q 0 0 0 rg BT 271.71 267.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 303.35 267.10 Td (In ) Tj ET Q q 0 0 0 rg BT 313.61 267.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 362.75 267.10 Td (with ) Tj ET Q q 0 0 0 rg BT 382.46 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.60 267.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 418.53 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.90 267.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 489.04 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.75 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.89 267.10 Td (open ) Tj ET Q q 0 0 0 rg BT 534.26 267.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.16 255.10 Td (have ) Tj ET Q q 0 0 0 rg BT 85.54 255.10 Td (bought ) Tj ET Q q 0 0 0 rg BT 115.82 255.10 Td (27.5% ) Tj ET Q q 0 0 0 rg BT 144.15 255.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.98 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.69 255.10 Td (bond, ) Tj ET Q q 0 0 0 rg BT 194.69 255.10 Td (which ) Tj ET Q q 0 0 0 rg BT 221.63 255.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 258.02 255.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.30 255.10 Td (US$165 ) Tj ET Q q 0 0 0 rg BT 303.58 255.10 Td (million ) Tj ET Q q 0 0 0 rg BT 334.97 255.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.80 255.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.63 255.10 Td (March ) Tj ET Q q 0 0 0 rg BT 385.23 255.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 400.23 255.10 Td (2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (SEK1,500 ) Tj ET Q q 0 0 0 rg BT 93.90 225.10 Td (million ) Tj ET Q q 0 0 0 rg BT 125.85 225.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 153.92 225.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 199.20 225.10 Td (bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.10 Td (On March 6, 2014, we issued a SEK1,500 million senior unsecured bond issue. ) Tj ET Q q 0 0 0 rg BT 369.50 210.10 Td (The bond matures in March 2019 and bears ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (interest of STIBOR plus 3.25%. ) Tj ET Q q 0 0 0 rg BT 180.64 198.10 Td (The bond was subsequently swapped to US$ with a fixed rate of 5.2% per annum until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 83.23 186.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 95.84 162.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.90 162.10 Td (new ) Tj ET Q q 0 0 0 rg BT 128.07 162.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 173.35 162.10 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.00 144.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 110.89 144.10 Td (with ) Tj ET Q q 0 0 0 rg BT 131.34 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.23 144.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 182.78 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.78 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.67 144.10 Td (above ) Tj ET Q q 0 0 0 rg BT 235.22 144.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 264.29 144.10 Td (were ) Tj ET Q q 0 0 0 rg BT 286.39 144.10 Td (are ) Tj ET Q q 0 0 0 rg BT 301.27 144.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 332.27 144.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.72 144.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 372.60 144.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.25 144.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.36 144.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 470.02 144.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 512.68 144.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 554.22 144.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.84 132.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 110.01 132.10 Td (which ) Tj ET Q q 0 0 0 rg BT 136.96 132.10 Td (restrict, ) Tj ET Q q 0 0 0 rg BT 169.73 132.10 Td (among ) Tj ET Q q 0 0 0 rg BT 199.46 132.10 Td (other ) Tj ET Q q 0 0 0 rg BT 222.52 132.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 251.98 132.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.82 132.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 295.88 132.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.17 132.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 323.12 132.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 367.02 132.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 390.08 132.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 446.74 132.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 469.80 132.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 493.70 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.65 132.10 Td (make ) Tj ET Q q 0 0 0 rg BT 534.82 132.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 102.57 120.10 Td (These ) Tj ET Q q 0 0 0 rg BT 128.92 120.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 173.05 120.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 204.95 120.10 Td (other ) Tj ET Q q 0 0 0 rg BT 227.97 120.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 272.10 120.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 299.29 120.10 Td (including ) Tj ET Q q 0 0 0 rg BT 339.54 120.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.21 120.10 Td (events ) Tj ET Q q 0 0 0 rg BT 397.23 120.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.04 120.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 440.77 120.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 463.25 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.94 120.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 524.26 120.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.07 120.10 Td (which, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.10 108.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 91.88 108.10 Td (may ) Tj ET Q q 0 0 0 rg BT 111.98 108.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.31 108.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 161.05 108.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 213.93 108.10 Td (due ) Tj ET Q q 0 0 0 rg BT 231.25 108.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.57 108.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 285.05 108.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.94 108.10 Td (In ) Tj ET Q q 0 0 0 rg BT 299.16 108.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 334.81 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.48 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.58 108.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 389.84 108.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.06 108.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 428.95 108.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 473.49 108.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.57 108.10 Td (also ) Tj ET Q q 0 0 0 rg BT 532.57 108.10 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 97.81 96.10 Td (which ) Tj ET Q q 0 0 0 rg BT 125.63 96.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.21 96.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 186.25 96.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.28 96.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 245.20 96.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 290.23 96.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.39 96.10 Td (this ) Tj ET Q q 0 0 0 rg BT 319.21 96.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 355.37 96.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.41 96.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 401.56 96.10 Td (unrated ) Tj ET Q q 0 0 0 rg BT 434.92 96.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 464.69 96.10 Td (including ) Tj ET Q q 0 0 0 rg BT 505.84 96.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 552.00 96.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 106.66 84.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 149.98 84.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 200.24 84.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.52 84.10 Td (af) Tj ET Q q 0 0 0 rg BT 228.11 84.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 257.82 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.76 84.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 321.69 84.10 Td (on ) Tj ET Q q 0 0 0 rg BT 334.19 84.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 393.08 84.10 Td (mer) Tj ET Q q 0 0 0 rg BT 408.44 84.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 423.71 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.65 84.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 458.70 84.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.53 84.10 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.52 66.10 Td (SEK1,500 ) Tj ET Q q 0 0 0 rg BT 110.87 66.10 Td (million ) Tj ET Q q 0 0 0 rg BT 141.73 66.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 168.13 66.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 210.63 66.10 Td (bond, ) Tj ET Q q 0 0 0 rg BT 235.10 66.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.39 66.10 Td (main ) Tj ET Q q 0 0 0 rg BT 272.35 66.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 310.41 66.10 Td (is ) Tj ET Q q 0 0 0 rg BT 319.04 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.79 66.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 365.74 66.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.14 66.10 Td (total ) Tj ET Q q 0 0 0 rg BT 391.88 66.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 418.84 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.58 66.10 Td (total ) Tj ET Q q 0 0 0 rg BT 448.32 66.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.62 66.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 493.90 66.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.20 66.10 Td (at ) Tj ET Q q 0 0 0 rg BT 513.38 66.10 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.67 66.10 Td (30.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 66.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 71.95 54.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 99.44 54.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.38 54.10 Td (total ) Tj ET Q q 0 0 0 rg BT 136.66 54.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 162.49 54.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.19 54.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 213.02 54.10 Td (for ) Tj ET Q q 0 0 0 rg BT 227.18 54.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.89 54.10 Td (dif) Tj ET Q q 0 0 0 rg BT 252.82 54.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 284.74 54.10 Td (between ) Tj ET Q q 0 0 0 rg BT 320.55 54.10 Td (book ) Tj ET Q q 0 0 0 rg BT 343.05 54.10 Td (value ) Tj ET Q q 0 0 0 rg BT 367.21 54.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.15 54.10 Td (market ) Tj ET Q q 0 0 0 rg BT 414.41 54.10 Td (values ) Tj ET Q q 0 0 0 rg BT 442.46 54.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.29 54.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 485.23 54.10 Td (units.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-22) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 742.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 84.99 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 742.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 134.43 742.25 Td (shar) Tj ET Q q 0 0 0 rg BT 153.14 742.25 Td (es) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 719.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 719.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 719.75 124.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 719.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 719.75 124.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 681.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 681.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 681.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 681.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 681.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 681.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 681.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 681.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 653.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 653.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 653.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 653.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 653.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 653.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 653.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 653.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 653.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 625.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 625.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 625.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 625.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 625.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 625.75 m 306.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 611.75 m 306.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 625.75 m 310.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 611.75 m 310.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 625.75 m 370.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 611.75 m 370.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 625.75 m 374.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 611.75 m 374.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 625.75 m 434.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 611.75 m 434.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 625.75 m 438.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 611.75 m 438.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 625.75 m 498.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 611.75 m 498.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 625.75 m 502.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 611.75 m 502.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 625.75 m 562.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 611.75 m 562.5 611.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 710.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.90 710.43 Td (March 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.65 710.43 Td (December 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 686.46 Td (All shares are common shares of $2.00 par value each) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.25 686.43 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.45 686.43 Td ($ million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.25 686.43 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.45 686.43 Td ($ million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.32 Td (Authorized share capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 672.32 Td (800,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 672.32 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 672.32 Td (800,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 672.32 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 644.32 Td (Issued and fully paid share capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 644.32 Td (469,250,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 644.32 Td (939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 644.32 Td (469,250,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 644.32 Td (939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.32 Td (Treasury shares held by Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 630.37 Td (\(135,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 630.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.30 630.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 630.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 630.37 Td (\(272,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 630.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 630.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 630.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 616.43 Td (Outstanding common shares in issue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.60 616.43 Td (469,115,743) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 616.43 Td (938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.60 616.43 Td (468,978,492) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 616.43 Td (938) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 576.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 84.99 576.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.94 576.25 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 151.10 576.25 Td (other) Tj ET Q q 0 0 0 rg BT 173.69 576.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.19 576.25 Td (compr) Tj ET Q q 0 0 0 rg BT 203.77 576.25 Td (ehensive ) Tj ET Q q 0 0 0 rg BT 242.38 576.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.25 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 105.81 552.25 Td (other ) Tj ET Q q 0 0 0 rg BT 128.86 552.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 191.89 552.25 Td (income ) Tj ET Q q 0 0 0 rg BT 223.82 552.25 Td (as ) Tj ET Q q 0 0 0 rg BT 234.65 552.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.37 552.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 287.97 552.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.97 552.25 Td ( ) Tj ET Q q 0 0 0 rg BT 310.47 552.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.41 552.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 385.99 552.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.99 552.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.49 552.25 Td (was ) Tj ET Q q 0 0 0 rg BT 426.54 552.25 Td (as ) Tj ET Q q 0 0 0 rg BT 437.37 552.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.75 360.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 516.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 516.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 516.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 516.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 486.75 360.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 486.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 486.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 486.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 456.75 360.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 456.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 456.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 456.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 456.75 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 456.75 m 410.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 441.75 m 410.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 456.75 m 414.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 441.75 m 414.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 456.75 m 486.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 441.75 m 486.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 456.75 m 490.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 441.75 m 490.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 456.75 m 562.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 441.75 m 562.5 441.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 531.41 Td (\(In US$ millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 531.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 521.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 531.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 521.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.42 Td (Unrealized gain on marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 506.42 Td (427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 506.42 Td (539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.42 Td (Unrealized gain on foreign exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 491.42 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 491.42 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.42 Td (Actuarial loss relating to pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 476.47 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 476.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 476.47 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 476.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.42 Td (Unrealized loss on interest rate swaps in VIEs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 461.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 461.47 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 461.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 446.43 Td (Accumulated other comprehensive income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 446.43 Td (429) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 446.43 Td (528) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 418.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 72.54 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.70 418.25 Td (exception ) Tj ET Q q 0 0 0 rg BT 129.52 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.80 418.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 178.16 418.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 196.67 418.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 230.16 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.88 418.25 Td (pension, ) Tj ET Q q 0 0 0 rg BT 277.44 418.25 Td (income ) Tj ET Q q 0 0 0 rg BT 309.81 418.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 333.31 418.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 377.35 418.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.07 418.25 Td (each ) Tj ET Q q 0 0 0 rg BT 419.33 418.25 Td (component ) Tj ET Q q 0 0 0 rg BT 466.71 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.99 418.25 Td (other ) Tj ET Q q 0 0 0 rg BT 501.48 418.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.74 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 90.71 406.25 Td ($0. ) Tj ET Q q 0 0 0 rg BT 107.85 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 125.70 406.25 Td (income ) Tj ET Q q 0 0 0 rg BT 157.44 406.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.96 406.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 202.02 406.25 Td (on ) Tj ET Q q 0 0 0 rg BT 214.33 406.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 251.05 406.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 268.92 406.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 301.76 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.84 406.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 345.26 406.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.23 406.25 Td (US$15.3 ) Tj ET Q q 0 0 0 rg BT 391.82 406.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.71 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 423.01 406.25 Td (as ) Tj ET Q q 0 0 0 rg BT 433.65 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.28 406.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 487.68 406.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.68 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.98 406.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.73 406.25 Td (US$15.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.39 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 92.22 394.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.05 394.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.64 394.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.64 394.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 358.25 Td (16 ) Tj ET Q q 0 0 0 rg BT 84.99 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 358.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 114.44 358.25 Td (management ) Tj ET Q q 0 0 0 rg BT 171.93 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.56 358.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.28 358.25 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.67 334.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 103.67 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.12 334.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 137.35 334.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 173.35 334.25 Td (from ) Tj ET Q q 0 0 0 rg BT 194.91 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.25 334.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 255.95 334.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 287.51 334.25 Td (units ) Tj ET Q q 0 0 0 rg BT 309.08 334.25 Td (are ) Tj ET Q q 0 0 0 rg BT 323.41 334.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 366.61 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.51 334.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 396.41 334.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 425.75 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.31 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.65 334.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 492.65 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.10 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 334.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.32 322.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 126.35 322.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.45 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.66 322.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 209.65 322.25 Td (are ) Tj ET Q q 0 0 0 rg BT 224.62 322.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 279.04 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.59 322.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 310.15 322.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 342.63 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.62 322.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 400.93 322.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 438.68 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.78 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.76 322.25 Td (Company) Tj ET Q q 0 0 0 rg BT 503.00 322.25 Td (. ) Tj ET Q q 0 0 0 rg BT 508.27 322.25 Td (However) Tj ET Q q 0 0 0 rg BT 544.52 322.25 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 322.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.55 310.25 Td (has ) Tj ET Q q 0 0 0 rg BT 107.55 310.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 151.87 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.97 310.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 194.97 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.41 310.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.51 310.25 Td (number ) Tj ET Q q 0 0 0 rg BT 245.72 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.72 310.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 296.04 310.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 341.47 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.58 310.25 Td (incurs ) Tj ET Q q 0 0 0 rg BT 385.68 310.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 439.44 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.88 310.25 Td (other ) Tj ET Q q 0 0 0 rg BT 473.09 310.25 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 519.34 310.25 Td (causing ) Tj ET Q q 0 0 0 rg BT 552.56 310.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (results ) Tj ET Q q 0 0 0 rg BT 77.79 298.25 Td (from ) Tj ET Q q 0 0 0 rg BT 98.91 298.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 142.24 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.70 298.25 Td (be ) Tj ET Q q 0 0 0 rg BT 162.82 298.25 Td (af) Tj ET Q q 0 0 0 rg BT 170.41 298.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 196.51 298.25 Td (by ) Tj ET Q q 0 0 0 rg BT 208.19 298.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 257.08 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.54 298.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 303.19 298.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 342.63 298.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 365.68 298.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 404.58 298.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 436.24 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.69 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.59 298.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 479.05 298.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 501.83 298.25 Td (. ) Tj ET Q q 0 0 0 rg BT 505.88 298.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.11 298.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.11 286.25 Td (also ) Tj ET Q q 0 0 0 rg BT 77.65 286.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 112.85 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 123.07 286.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 157.71 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.92 286.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 199.79 286.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 221.11 286.25 Td (on ) Tj ET Q q 0 0 0 rg BT 233.54 286.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 267.08 286.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.95 286.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 316.37 286.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 338.52 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.40 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.61 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.26 286.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 409.91 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.68 286.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 455.32 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.53 286.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 502.94 286.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.13 286.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.17 274.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 86.01 274.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 139.83 274.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 161.57 274.25 Td (There ) Tj ET Q q 0 0 0 rg BT 187.05 274.25 Td (is ) Tj ET Q q 0 0 0 rg BT 195.90 274.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 214.74 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 221.35 274.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 238.52 274.25 Td (that ) Tj ET Q q 0 0 0 rg BT 255.69 274.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 292.84 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.45 274.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 341.06 274.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 358.22 274.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 407.60 274.25 Td (will ) Tj ET Q q 0 0 0 rg BT 425.33 274.25 Td (have ) Tj ET Q q 0 0 0 rg BT 446.38 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 452.99 274.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 489.04 274.25 Td (ef) Tj ET Q q 0 0 0 rg BT 496.63 274.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 513.78 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 525.96 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.35 274.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 262.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 122.63 262.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 142.90 262.25 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 236.68505859375 m 179.5068359375 236.68505859375 l s q 0 0 0 rg BT 50.00 238.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 238.25 Td (est ) Tj ET Q q 0 0 0 rg BT 85.64 238.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 105.35 238.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 124.52 238.25 Td (management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.06 214.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 115.16 214.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 153.78 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.07 214.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 196.02 214.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 213.53 214.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 231.04 214.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 259.65 214.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 289.94 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.24 214.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.20 214.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 345.83 214.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 377.78 214.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 395.28 214.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 415.01 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.97 214.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 468.91 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.76 214.25 Td (surplus ) Tj ET Q q 0 0 0 rg BT 511.16 214.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 535.90 214.25 Td (placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.76 202.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 108.72 202.25 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 158.44 202.25 Td (This ) Tj ET Q q 0 0 0 rg BT 179.20 202.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 218.29 202.25 Td (is ) Tj ET Q q 0 0 0 rg BT 227.94 202.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 267.01 202.25 Td (through ) Tj ET Q q 0 0 0 rg BT 301.10 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.30 202.25 Td (use ) Tj ET Q q 0 0 0 rg BT 332.62 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.93 202.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 376.34 202.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.31 202.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 421.74 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.16 202.25 Td (other ) Tj ET Q q 0 0 0 rg BT 462.69 202.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 505.65 202.25 Td (arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.63 190.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 114.29 190.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 153.02 190.25 Td (is ) Tj ET Q q 0 0 0 rg BT 161.77 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.63 190.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 198.70 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.00 190.25 Td (most ) Tj ET Q q 0 0 0 rg BT 234.53 190.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 274.36 190.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 305.87 190.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 322.94 190.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 370.57 190.25 Td (available ) Tj ET Q q 0 0 0 rg BT 408.74 190.25 Td (without ) Tj ET Q q 0 0 0 rg BT 441.38 190.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 484.55 190.25 Td (its ) Tj ET Q q 0 0 0 rg BT 496.08 190.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.04 190.25 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 91.47 178.25 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 124.90 178.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 149.98 178.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.06 178.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 205.13 178.25 Td (used ) Tj ET Q q 0 0 0 rg BT 226.33 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.97 178.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 262.05 178.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 303.24 178.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 328.87 178.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 368.67 178.25 Td (which ) Tj ET Q q 0 0 0 rg BT 395.97 178.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 418.84 178.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 447.25 178.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 477.89 178.25 Td (than ) Tj ET Q q 0 0 0 rg BT 497.97 178.25 Td (are ) Tj ET Q q 0 0 0 rg BT 513.05 178.25 Td (available ) Tj ET Q q 0 0 0 rg BT 552.00 178.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.50 166.25 Td (or ) Tj ET Q q 0 0 0 rg BT 82.77 166.25 Td (overnight ) Tj ET Q q 0 0 0 rg BT 123.05 166.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 157.77 166.25 Td (with ) Tj ET Q q 0 0 0 rg BT 177.50 166.25 Td (banks. ) Tj ET Q q 0 0 0 rg BT 204.85 166.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 243.47 166.25 Td (available ) Tj ET Q q 0 0 0 rg BT 281.50 166.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.45 166.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 333.73 166.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 358.44 166.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 394.81 166.25 Td (can ) Tj ET Q q 0 0 0 rg BT 410.64 166.25 Td (be ) Tj ET Q q 0 0 0 rg BT 422.03 166.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 448.96 166.25 Td (down ) Tj ET Q q 0 0 0 rg BT 473.13 166.25 Td (with ) Tj ET Q q 0 0 0 rg BT 492.86 166.25 Td (short ) Tj ET Q q 0 0 0 rg BT 514.81 166.25 Td (term ) Tj ET Q q 0 0 0 rg BT 535.08 166.25 Td (notice, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.11 154.25 Td (order ) Tj ET Q q 0 0 0 rg BT 83.54 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.64 154.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 126.52 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.06 154.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.28 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 202.39 154.25 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 244.16 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.26 154.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 276.03 154.25 Td (all ) Tj ET Q q 0 0 0 rg BT 288.35 154.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 342.88 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.87 154.25 Td (working ) Tj ET Q q 0 0 0 rg BT 392.53 154.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 421.51 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.28 154.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 467.26 154.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 519.69 154.25 Td (The ) Tj ET Q q 0 0 0 rg BT 537.57 154.25 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 142.25 Td (which ) Tj ET Q q 0 0 0 rg BT 87.77 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.76 142.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.42 142.25 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 176.08 142.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.29 142.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 226.05 142.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 253.26 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.48 142.25 Td (other ) Tj ET Q q 0 0 0 rg BT 293.80 142.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 340.45 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.00 142.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 384.87 142.25 Td (its ) Tj ET Q q 0 0 0 rg BT 397.09 142.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 429.30 142.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 447.06 142.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 464.83 142.25 Td (is ) Tj ET Q q 0 0 0 rg BT 474.28 142.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 522.03 142.25 Td (by ) Tj ET Q q 0 0 0 rg BT 534.81 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.80 142.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.72 130.25 Td (exposure.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 742.25 Td (est ) Tj ET Q q 0 0 0 rg BT 85.64 742.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 105.35 742.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 129.52 742.25 Td (agr) Tj ET Q q 0 0 0 rg BT 143.78 742.25 Td (eements ) Tj ET Q q 0 0 0 rg BT 180.71 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 197.10 742.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 237.39 742.25 Td (as ) Tj ET Q q 0 0 0 rg BT 248.78 742.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 276.28 742.25 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.87 718.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 110.84 718.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.84 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 135.71 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.80 718.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 196.56 718.25 Td (had ) Tj ET Q q 0 0 0 rg BT 215.86 718.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 250.17 718.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 270.02 718.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 295.45 718.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 345.85 718.25 Td (with ) Tj ET Q q 0 0 0 rg BT 368.50 718.25 Td (an ) Tj ET Q q 0 0 0 rg BT 382.81 718.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 434.34 718.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 474.76 718.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.96 718.25 Td (US$9,420 ) Tj ET Q q 0 0 0 rg BT 533.11 718.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 718.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 706.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.71 706.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.71 706.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.78 706.25 Td (US$9,776 ) Tj ET Q q 0 0 0 rg BT 179.36 706.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.25 706.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 216.37 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.50 706.25 Td (These ) Tj ET Q q 0 0 0 rg BT 244.67 706.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 292.50 706.25 Td (do ) Tj ET Q q 0 0 0 rg BT 304.79 706.25 Td (not ) Tj ET Q q 0 0 0 rg BT 319.86 706.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 350.48 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.44 706.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 390.61 706.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 436.77 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.51 706.25 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 503.00 706.25 Td (any ) Tj ET Q q 0 0 0 rg BT 519.74 706.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.24 706.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.19 694.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.05 694.25 Td (values ) Tj ET Q q 0 0 0 rg BT 107.57 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.88 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.07 694.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 154.60 694.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 202.11 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 216.29 694.25 Td (included ) Tj ET Q q 0 0 0 rg BT 252.70 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.46 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.65 694.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 329.17 694.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 369.46 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.77 694.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 423.40 694.25 Td (under ) Tj ET Q q 0 0 0 rg BT 448.15 694.25 Td ("Loss ) Tj ET Q q 0 0 0 rg BT 473.10 694.25 Td (on ) Tj ET Q q 0 0 0 rg BT 485.08 694.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 527.03 694.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (instruments". ) Tj ET Q q 0 0 0 rg BT 105.13 682.25 Td (The ) Tj ET Q q 0 0 0 rg BT 122.71 682.25 Td (total ) Tj ET Q q 0 0 0 rg BT 142.52 682.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 158.43 682.25 Td (value ) Tj ET Q q 0 0 0 rg BT 182.12 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.48 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.74 682.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 238.20 682.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 255.22 682.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 281.70 682.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 330.40 682.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 682.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 382.78 682.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.78 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.81 682.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 446.28 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.09 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 462.57 682.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.71 682.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.82 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.85 682.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.22 682.25 Td (US$218 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.90 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.36 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.81 670.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.04 670.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.15 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 151.16 670.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 670.25 Td (US$94 ) Tj ET Q q 0 0 0 rg BT 191.30 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.19 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.20 670.25 Td (due ) Tj ET Q q 0 0 0 rg BT 238.66 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.45 670.25 Td (master ) Tj ET Q q 0 0 0 rg BT 277.12 670.25 Td (netting ) Tj ET Q q 0 0 0 rg BT 306.90 670.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 354.45 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 374.24 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.58 670.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 448.24 670.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.57 670.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 509.66 670.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.66 670.25 Td (: ) Tj ET Q q 0 0 0 rg BT 534.46 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 540.91 670.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.11 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.18 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.58 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.65 658.25 Td ($244 ) Tj ET Q q 0 0 0 rg BT 117.72 658.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.61 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.68 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.18 658.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.47 658.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.58 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.65 658.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.05 658.25 Td (US$89 ) Tj ET Q q 0 0 0 rg BT 252.90 658.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.79 658.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 289.54 658.25 Td (The ) Tj ET Q q 0 0 0 rg BT 307.16 658.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 323.10 658.25 Td (value ) Tj ET Q q 0 0 0 rg BT 346.83 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.23 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.51 658.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.02 658.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 420.07 658.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 446.58 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 460.86 658.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 500.69 658.25 Td (as ) Tj ET Q q 0 0 0 rg BT 511.09 658.25 Td (other ) Tj ET Q q 0 0 0 rg BT 533.71 658.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.72 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.00 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 646.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 147.74 646.25 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 610.25 Td (oss ) Tj ET Q q 0 0 0 rg BT 76.76 610.25 Td (curr) Tj ET Q q 0 0 0 rg BT 95.46 610.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 117.40 610.25 Td (inter) Tj ET Q q 0 0 0 rg BT 137.76 610.25 Td (est ) Tj ET Q q 0 0 0 rg BT 151.92 610.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.63 610.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 199.70 610.25 Td (not ) Tj ET Q q 0 0 0 rg BT 216.09 610.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 256.38 610.25 Td (as ) Tj ET Q q 0 0 0 rg BT 267.77 610.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 295.27 610.25 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.59 586.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 106.27 586.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.27 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.86 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.66 586.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.14 586.25 Td (had ) Tj ET Q q 0 0 0 rg BT 202.16 586.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 251.41 586.25 Td (cross ) Tj ET Q q 0 0 0 rg BT 274.55 586.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 312.12 586.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 344.14 586.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 361.71 586.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 388.74 586.25 Td (with ) Tj ET Q q 0 0 0 rg BT 409.10 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.13 586.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 454.26 586.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.84 586.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.76 586.25 Td (US$554 ) Tj ET Q q 0 0 0 rg BT 533.13 586.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 574.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.71 574.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.71 574.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.78 574.25 Td (US$786 ) Tj ET Q q 0 0 0 rg BT 174.86 574.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.75 574.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 210.38 574.25 Td (with ) Tj ET Q q 0 0 0 rg BT 231.46 574.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 268.63 574.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 292.48 574.25 Td (between ) Tj ET Q q 0 0 0 rg BT 329.09 574.25 Td (March ) Tj ET Q q 0 0 0 rg BT 358.48 574.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 381.78 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.51 574.25 Td (March ) Tj ET Q q 0 0 0 rg BT 428.91 574.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 452.20 574.25 Td (at ) Tj ET Q q 0 0 0 rg BT 462.71 574.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 486.56 574.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 508.73 574.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 542.57 574.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (4.33% ) Tj ET Q q 0 0 0 rg BT 77.81 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.56 562.25 Td (6.18%. ) Tj ET Q q 0 0 0 rg BT 117.72 562.25 Td (These ) Tj ET Q q 0 0 0 rg BT 143.57 562.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 191.08 562.25 Td (do ) Tj ET Q q 0 0 0 rg BT 203.06 562.25 Td (not ) Tj ET Q q 0 0 0 rg BT 217.81 562.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 248.11 562.25 Td (for ) Tj ET Q q 0 0 0 rg BT 261.74 562.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 287.60 562.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 333.44 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.86 562.25 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 399.03 562.25 Td (any ) Tj ET Q q 0 0 0 rg BT 415.45 562.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 449.63 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.38 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.58 562.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 489.43 562.25 Td (values ) Tj ET Q q 0 0 0 rg BT 516.95 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.25 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.45 562.25 Td (swap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 98.12 550.25 Td (are ) Tj ET Q q 0 0 0 rg BT 112.91 550.25 Td (included ) Tj ET Q q 0 0 0 rg BT 149.92 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.28 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.08 550.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 228.21 550.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 269.11 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.02 550.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 324.26 550.25 Td (under ) Tj ET Q q 0 0 0 rg BT 349.61 550.25 Td (" ) Tj ET Q q 0 0 0 rg BT 356.28 550.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 377.75 550.25 Td (on ) Tj ET Q q 0 0 0 rg BT 390.34 550.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 432.90 550.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 470.46 550.25 Td (instruments". ) Tj ET Q q 0 0 0 rg BT 526.11 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 544.24 550.25 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.29 538.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.35 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.10 538.25 Td (cross ) Tj ET Q q 0 0 0 rg BT 124.06 538.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 161.45 538.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.29 538.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 220.14 538.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 269.22 538.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.85 538.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 322.36 538.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.36 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 344.77 538.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 386.61 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.80 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 403.65 538.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 427.18 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.03 538.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.66 538.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.76 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.17 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.92 538.25 Td (US$32 ) Tj ET Q q 0 0 0 rg BT 533.11 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 538.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 526.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.88 526.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.88 526.25 Td (: ) Tj ET Q q 0 0 0 rg BT 137.12 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.58 526.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 163.16 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.06 526.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.74 526.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.85 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.31 526.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.11 526.25 Td (US$46 ) Tj ET Q q 0 0 0 rg BT 269.35 526.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.24 526.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 306.36 526.25 Td (The ) Tj ET Q q 0 0 0 rg BT 324.37 526.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 340.71 526.25 Td (value ) Tj ET Q q 0 0 0 rg BT 364.83 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.62 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.30 526.25 Td (cross ) Tj ET Q q 0 0 0 rg BT 413.32 526.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 450.76 526.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 482.65 526.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 509.56 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 524.23 526.25 Td (classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 514.25 Td (other ) Tj ET Q q 0 0 0 rg BT 83.88 514.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.69 514.25 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.91 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.41 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.69 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.40 514.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 212.44 514.25 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 478.25 Td (est ) Tj ET Q q 0 0 0 rg BT 85.64 478.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 105.35 478.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 132.85 478.25 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.99 454.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 88.76 454.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 122.86 454.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 172.51 454.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 225.50 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 237.93 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.59 454.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 293.92 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 304.69 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.39 454.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 334.38 454.25 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 359.01 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.23 454.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 391.11 454.25 Td (17\) ) Tj ET Q q 0 0 0 rg BT 406.88 454.25 Td (have ) Tj ET Q q 0 0 0 rg BT 428.19 454.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 460.06 454.25 Td (into ) Tj ET Q q 0 0 0 rg BT 478.05 454.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.92 454.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 527.35 454.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 554.23 454.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (order ) Tj ET Q q 0 0 0 rg BT 72.64 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.95 442.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 116.26 442.25 Td (its ) Tj ET Q q 0 0 0 rg BT 127.24 442.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 164.88 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.19 442.25 Td (variability ) Tj ET Q q 0 0 0 rg BT 216.83 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 226.14 442.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 245.45 442.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 269.21 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 282.41 442.25 Td (future ) Tj ET Q q 0 0 0 rg BT 307.82 442.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.79 442.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 378.65 442.25 Td (on ) Tj ET Q q 0 0 0 rg BT 390.19 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 442.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 426.59 442.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 449.78 442.25 Td (out ) Tj ET Q q 0 0 0 rg BT 464.10 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.41 442.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 504.37 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 442.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.02 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 72.44 430.25 Td (est ) Tj ET Q q 0 0 0 rg BT 86.35 430.25 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.58 430.25 Td (.) Tj ET Q q 0 0 0 rg BT 115.90 430.25 Td (These ) Tj ET Q q 0 0 0 rg BT 142.58 430.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 174.83 430.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 192.62 430.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 219.87 430.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 251.00 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 265.47 430.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 292.15 430.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 338.83 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.07 430.25 Td (any ) Tj ET Q q 0 0 0 rg BT 373.32 430.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 408.33 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.92 430.25 Td (its ) Tj ET Q q 0 0 0 rg BT 431.17 430.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 447.86 430.25 Td (value ) Tj ET Q q 0 0 0 rg BT 472.32 430.25 Td (are ) Tj ET Q q 0 0 0 rg BT 487.33 430.25 Td (included ) Tj ET Q q 0 0 0 rg BT 524.57 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 535.16 430.25 Td ("Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 115.06 418.25 Td (Income". ) Tj ET Q q 0 0 0 rg BT 153.93 418.25 Td (Below ) Tj ET Q q 0 0 0 rg BT 182.34 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.31 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 198.05 418.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 237.56 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.19 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.71 418.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 297.78 418.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 332.58 418.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 355.42 418.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 387.16 418.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 404.44 418.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 437.84 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.58 418.25 Td (duration ) Tj ET Q q 0 0 0 rg BT 490.20 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.83 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.35 418.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.04 406.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.87 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.70 406.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 153.30 406.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 406.25 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 350.75 112.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 350.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 350.75 133.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 350.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 350.75 82.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 350.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 350.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 350.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 350.75 111.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 302.75 112.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 302.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 302.75 133.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 302.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 302.75 82.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 302.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 302.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 302.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 302.75 111.00 -24.00 re f /GS0 gs BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 387.15 Td (Variable interest entity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 179.85 386.20 Td (Outstanding principal as at) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.35 387.15 Td (Receive rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.85 387.15 Td (Pay rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.75 387.15 Td (Length of contract) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.70 371.20 Td (March 31, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.25 356.10 Td (\(In US$ millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 340.21 Td (SFL Linus Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 331.21 Td (\(West Linus\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.25 336.61 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.45 336.61 Td (1 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.35 336.61 Td (2.01%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 336.61 Td (Mar 2014 - Oct 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 316.21 Td (SFL Linus Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 307.21 Td (\(West Linus\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.25 312.61 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.45 312.61 Td (2 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.35 312.61 Td (2.01%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 312.61 Td (Mar 2014 - Nov 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 292.21 Td (SFL Linus Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 283.21 Td (\(West Linus\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.75 288.61 Td (238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.45 288.61 Td (3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.35 288.61 Td (1.77%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 288.61 Td (Dec 2013 - Dec 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.29 255.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.47 255.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.45 255.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.41 255.25 Td (month ) Tj ET Q q 0 0 0 rg BT 123.93 255.25 Td (period ) Tj ET Q q 0 0 0 rg BT 151.44 255.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.28 255.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 220.33 255.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.33 255.25 Td (, ) Tj ET Q q 0 0 0 rg BT 244.79 255.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.83 255.25 Td (VIE ) Tj ET Q q 0 0 0 rg BT 277.45 255.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 297.75 255.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 331.37 255.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 380.54 255.25 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.48 255.25 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.04 255.25 Td ( ) Tj ET Q q 0 0 0 rg BT 430.00 255.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 445.83 255.25 Td (value ) Tj ET Q q 0 0 0 rg BT 469.45 255.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.41 255.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 494.48 255.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.88 255.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 536.73 255.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.69 255.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.02 255.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 255.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (month ) Tj ET Q q 0 0 0 rg BT 77.47 243.25 Td (period ) Tj ET Q q 0 0 0 rg BT 104.94 243.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.73 243.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 173.75 243.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.75 243.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.44 243.25 Td (gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.55 243.25 Td ( ) Tj ET Q q 0 0 0 rg BT 221.46 243.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.71 243.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 243.63 243.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.52 243.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 277.77 243.25 Td (on ) Tj ET Q q 0 0 0 rg BT 289.68 243.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.03 243.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 337.93 243.25 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 366.66 243.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.45 243.25 Td (losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.34 243.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.26 243.25 Td (wererecorded ) Tj ET Q q 0 0 0 rg BT 477.08 243.25 Td (by ) Tj ET Q q 0 0 0 rg BT 488.99 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.99 243.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 525.46 243.25 Td (in ) Tj ET Q q 0 0 0 rg BT 535.15 243.25 Td ("Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.18 231.25 Td (income" ) Tj ET Q q 0 0 0 rg BT 149.34 231.25 Td (but ) Tj ET Q q 0 0 0 rg BT 164.77 231.25 Td (due ) Tj ET Q q 0 0 0 rg BT 181.86 231.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.28 231.25 Td (their ) Tj ET Q q 0 0 0 rg BT 213.26 231.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 257.56 231.25 Td (by ) Tj ET Q q 0 0 0 rg BT 270.21 231.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 291.20 231.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 325.50 231.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.37 231.25 Td (losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.26 231.25 Td ( ) Tj ET Q q 0 0 0 rg BT 366.91 231.25 Td (are ) Tj ET Q q 0 0 0 rg BT 381.76 231.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 420.50 231.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.93 231.25 Td ("Non-controlling ) Tj ET Q q 0 0 0 rg BT 502.09 231.25 Td (interest" ) Tj ET Q q 0 0 0 rg BT 538.25 231.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 231.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.27 219.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 147.76 219.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.59 219.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 195.53 219.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.81 219.25 Td (Equity) Tj ET Q q 0 0 0 rg BT 231.83 219.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.41 195.25 Td (change ) Tj ET Q q 0 0 0 rg BT 99.91 195.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.88 195.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 125.94 195.25 Td (value ) Tj ET Q q 0 0 0 rg BT 149.78 195.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 186.96 195.25 Td (from ) Tj ET Q q 0 0 0 rg BT 208.59 195.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 234.65 195.25 Td (inef) Tj ET Q q 0 0 0 rg BT 250.02 195.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 296.63 195.25 Td (is ) Tj ET Q q 0 0 0 rg BT 305.48 195.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 351.53 195.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 403.70 195.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.67 195.25 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 452.07 195.25 Td (The ) Tj ET Q q 0 0 0 rg BT 469.65 195.25 Td (VIEs, ) Tj ET Q q 0 0 0 rg BT 494.89 195.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.51 195.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 549.78 195.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 183.25 Td (, ) Tj ET Q q 0 0 0 rg BT 92.81 183.25 Td (did ) Tj ET Q q 0 0 0 rg BT 107.66 183.25 Td (not ) Tj ET Q q 0 0 0 rg BT 122.51 183.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 163.45 183.25 Td (any ) Tj ET Q q 0 0 0 rg BT 179.96 183.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 199.25 183.25 Td (or ) Tj ET Q q 0 0 0 rg BT 209.65 183.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 227.29 183.25 Td (due ) Tj ET Q q 0 0 0 rg BT 243.80 183.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.65 183.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 279.60 183.25 Td (inef) Tj ET Q q 0 0 0 rg BT 294.96 183.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 341.46 183.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.31 183.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.60 183.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 418.22 183.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 455.27 183.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 499.55 183.25 Td (during ) Tj ET Q q 0 0 0 rg BT 527.73 183.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.02 183.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 183.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.25 Td (month ) Tj ET Q q 0 0 0 rg BT 78.06 171.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 110.00 171.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.37 171.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 179.97 171.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.97 171.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.47 171.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.97 171.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.30 171.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.29 171.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.79 171.25 Td (month ) Tj ET Q q 0 0 0 rg BT 258.84 171.25 Td (period ) Tj ET Q q 0 0 0 rg BT 286.89 171.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.27 171.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 356.87 171.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.87 171.25 Td (: ) Tj ET Q q 0 0 0 rg BT 382.14 171.25 Td (nil\).) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 133.68505859375 m 201.7431640625 133.68505859375 l s q 0 0 0 rg BT 50.00 135.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 135.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 135.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 127.58 135.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 146.75 135.25 Td (management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.49 111.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.32 111.25 Td (and ) Tj ET Q q 0 0 0 rg BT 127.69 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.85 111.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 179.68 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.95 111.25 Td (its ) Tj ET Q q 0 0 0 rg BT 203.34 111.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 253.49 111.25 Td (use ) Tj ET Q q 0 0 0 rg BT 269.76 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.92 111.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 305.65 111.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 331.91 111.25 Td (as ) Tj ET Q q 0 0 0 rg BT 343.18 111.25 Td (their ) Tj ET Q q 0 0 0 rg BT 364.45 111.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 407.93 111.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 445.85 111.25 Td (because ) Tj ET Q q 0 0 0 rg BT 480.44 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.59 111.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 532.42 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 111.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.12 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.14 99.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 143.83 99.25 Td (are ) Tj ET Q q 0 0 0 rg BT 158.62 99.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 212.85 99.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.22 99.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 243.58 99.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 275.31 99.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 324.65 99.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.74 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.54 99.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 391.70 99.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 430.94 99.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 468.50 99.25 Td (is ) Tj ET Q q 0 0 0 rg BT 477.76 99.25 Td (also ) Tj ET Q q 0 0 0 rg BT 496.45 99.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 516.82 99.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 548.93 99.25 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 99.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td (do, ) Tj ET Q q 0 0 0 rg BT 64.82 87.25 Td (however) Tj ET Q q 0 0 0 rg BT 98.85 87.25 Td (, ) Tj ET Q q 0 0 0 rg BT 103.67 87.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 123.19 87.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 157.16 87.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.92 87.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 196.78 87.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 235.20 87.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.30 87.25 Td (other ) Tj ET Q q 0 0 0 rg BT 268.16 87.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 311.57 87.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.33 87.25 Td (there ) Tj ET Q q 0 0 0 rg BT 350.63 87.25 Td (is ) Tj ET Q q 0 0 0 rg BT 359.62 87.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 378.61 87.25 Td (a ) Tj ET Q q 0 0 0 rg BT 385.37 87.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 402.69 87.25 Td (that ) Tj ET Q q 0 0 0 rg BT 420.00 87.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 457.29 87.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 506.83 87.25 Td (could ) Tj ET Q q 0 0 0 rg BT 531.36 87.25 Td (have ) Tj ET Q q 0 0 0 rg BT 552.56 87.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 83.04 75.25 Td (ef) Tj ET Q q 0 0 0 rg BT 90.63 75.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 108.11 75.25 Td (on ) Tj ET Q q 0 0 0 rg BT 120.61 75.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.33 75.25 Td (value ) Tj ET Q q 0 0 0 rg BT 159.48 75.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.31 75.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.14 75.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.41 75.25 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 51.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 51.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 51.25 Td (curr) Tj ET Q q 0 0 0 rg BT 104.34 51.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 126.28 51.25 Td (forwards ) Tj ET Q q 0 0 0 rg BT 167.66 51.25 Td (not ) Tj ET Q q 0 0 0 rg BT 184.05 51.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 224.34 51.25 Td (as ) Tj ET Q q 0 0 0 rg BT 235.73 51.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 263.23 51.25 Td (accounting) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.27 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.89 730.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 126.84 730.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 157.44 730.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 194.15 730.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 227.52 730.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 265.34 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.51 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 303.79 730.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 349.38 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.89 730.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 391.71 730.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 429.54 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.04 730.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 469.65 730.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 506.35 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 523.08 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 534.81 730.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 78.19 718.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 117.76 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.56 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 160.80 718.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 207.02 718.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 259.64 718.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 282.00 718.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 324.34 718.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 362.79 718.10 Td (do ) Tj ET Q q 0 0 0 rg BT 375.15 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 390.29 718.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 420.97 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.99 718.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 461.23 718.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 507.46 718.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 547.57 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.68 706.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 102.13 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.39 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.08 706.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 160.09 706.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 183.11 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 208.35 706.10 Td (current ) Tj ET Q q 0 0 0 rg BT 239.15 706.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 286.59 706.10 Td (if ) Tj ET Q q 0 0 0 rg BT 295.18 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.87 706.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 348.44 706.10 Td (have ) Tj ET Q q 0 0 0 rg BT 369.79 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.70 706.10 Td (net ) Tj ET Q q 0 0 0 rg BT 391.40 706.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 425.54 706.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 441.89 706.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 468.52 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.43 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 510.68 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 533.70 706.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 88.56 694.10 Td (if ) Tj ET Q q 0 0 0 rg BT 96.02 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.58 694.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 147.02 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 167.25 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.03 694.10 Td (net ) Tj ET Q q 0 0 0 rg BT 186.59 694.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 221.81 694.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.04 694.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 262.24 694.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.59 694.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 316.03 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.03 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.88 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.44 694.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 393.68 694.10 Td (had ) Tj ET Q q 0 0 0 rg BT 409.46 694.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 442.46 694.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 479.90 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.02 694.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 504.26 694.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (US$230 ) Tj ET Q q 0 0 0 rg BT 85.14 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.04 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.40 682.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.55 682.10 Td (April ) Tj ET Q q 0 0 0 rg BT 175.02 682.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.02 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.38 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.66 682.10 Td (August ) Tj ET Q q 0 0 0 rg BT 244.91 682.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.91 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.27 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 276.85 682.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 316.97 682.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 338.20 682.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 371.11 682.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.91 682.10 Td (NOK5.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.08 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.44 682.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.58 682.10 Td (NOK6.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.74 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.10 682.10 Td (per ) Tj ET Q q 0 0 0 rg BT 501.23 682.10 Td (US ) Tj ET Q q 0 0 0 rg BT 516.38 682.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 539.15 682.10 Td (.) Tj ET Q q 0 0 0 rg BT 546.47 682.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (total ) Tj ET Q q 0 0 0 rg BT 70.87 670.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 87.84 670.10 Td (value ) Tj ET Q q 0 0 0 rg BT 112.60 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.02 670.10 Td (NOK ) Tj ET Q q 0 0 0 rg BT 148.79 670.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 186.86 670.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 221.61 670.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 260.80 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.23 670.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.54 670.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 326.73 670.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.73 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.83 670.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 392.36 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.24 670.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.77 670.10 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.21 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.31 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.74 670.10 Td (US$7 ) Tj ET Q q 0 0 0 rg BT 470.62 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.51 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.61 670.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.94 670.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 658.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.28 658.10 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.39 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.89 658.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.72 658.10 Td (US$3 ) Tj ET Q q 0 0 0 rg BT 145.00 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.89 658.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 182.22 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.16 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.66 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 216.37 658.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 256.63 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.46 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 290.51 658.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.32 658.10 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.15 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.43 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.15 658.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 405.18 658.10 Td (sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.21 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.30 634.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 124.21 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.59 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.68 634.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.44 634.10 Td (also ) Tj ET Q q 0 0 0 rg BT 205.42 634.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 237.72 634.10 Td (into ) Tj ET Q q 0 0 0 rg BT 256.15 634.10 Td (British ) Tj ET Q q 0 0 0 rg BT 286.26 634.10 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 318.58 634.10 Td (Sterling ) Tj ET Q q 0 0 0 rg BT 353.12 634.10 Td (\(GBP\) ) Tj ET Q q 0 0 0 rg BT 382.11 634.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 405.54 634.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 444.51 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.16 634.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 471.92 634.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.56 634.10 Td (GBP40 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.63 622.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.96 622.10 Td (US$66 ) Tj ET Q q 0 0 0 rg BT 115.49 622.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.38 622.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 150.46 622.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.51 622.10 Td (May ) Tj ET Q q 0 0 0 rg BT 207.59 622.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.59 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.33 622.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.91 622.10 Td (August ) Tj ET Q q 0 0 0 rg BT 278.54 622.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.54 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.29 622.10 Td (at ) Tj ET Q q 0 0 0 rg BT 311.25 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 323.43 622.10 Td (average ) Tj ET Q q 0 0 0 rg BT 357.25 622.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 397.75 622.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 419.37 622.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 452.66 622.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.84 622.10 Td (GBP1.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.80 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.54 622.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.06 622.10 Td (GBP1.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (per ) Tj ET Q q 0 0 0 rg BT 65.61 610.10 Td (US ) Tj ET Q q 0 0 0 rg BT 81.23 610.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 104.00 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 109.14 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.52 610.10 Td (total ) Tj ET Q q 0 0 0 rg BT 148.14 610.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 164.85 610.10 Td (value ) Tj ET Q q 0 0 0 rg BT 189.35 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.52 610.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 219.60 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.44 610.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 260.25 610.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 287.54 610.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 337.04 610.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.10 610.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 391.04 610.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.04 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.87 610.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 456.15 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.77 610.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.04 610.10 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.48 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.32 610.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.49 610.10 Td (US$1 ) Tj ET Q q 0 0 0 rg BT 533.11 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 598.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.91 598.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.91 598.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.19 598.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 149.69 598.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.58 598.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 186.91 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.85 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.56 598.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 258.82 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.65 598.10 Td (other ) Tj ET Q q 0 0 0 rg BT 292.70 598.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.52 598.10 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.85 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.35 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.62 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.34 598.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 407.37 598.10 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 562.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 74.36 562.10 Td (Return ) Tj ET Q q 0 0 0 rg BT 107.41 562.10 Td (Swap ) Tj ET Q q 0 0 0 rg BT 132.71 562.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 149.18 562.10 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.21 538.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.52 538.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 115.71 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.71 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.80 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.11 538.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.09 538.10 Td (had ) Tj ET Q q 0 0 0 rg BT 209.48 538.10 Td (TRS ) Tj ET Q q 0 0 0 rg BT 229.91 538.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 277.54 538.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.29 538.10 Td (4,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.29 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.38 538.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 366.58 538.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 400.33 538.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 427.42 538.10 Td (at ) Tj ET Q q 0 0 0 rg BT 436.73 538.10 Td (an ) Tj ET Q q 0 0 0 rg BT 448.26 538.10 Td (average ) Tj ET Q q 0 0 0 rg BT 481.44 538.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 505.75 538.10 Td (price ) Tj ET Q q 0 0 0 rg BT 527.83 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.25 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.35 538.10 Td (NOK ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (217.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 82.40 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 100.54 526.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 117.00 526.10 Td (value ) Tj ET Q q 0 0 0 rg BT 141.24 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.78 526.10 Td (TRS ) Tj ET Q q 0 0 0 rg BT 187.71 526.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 235.83 526.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.63 526.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 289.32 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.32 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.91 526.10 Td (was ) Tj ET Q q 0 0 0 rg BT 330.05 526.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.07 526.10 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.18 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.77 526.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.69 526.10 Td (US$2 ) Tj ET Q q 0 0 0 rg BT 412.06 526.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.95 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.54 526.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.87 526.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 505.54 526.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.54 526.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.91 526.10 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.92 514.10 Td (US$2 ) Tj ET Q q 0 0 0 rg BT 84.29 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.18 514.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 120.48 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 137.61 514.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 153.08 514.10 Td (values ) Tj ET Q q 0 0 0 rg BT 180.21 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.13 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.82 514.10 Td (TRS ) Tj ET Q q 0 0 0 rg BT 223.75 514.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 270.86 514.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.66 514.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 324.01 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 333.93 514.10 Td (other ) Tj ET Q q 0 0 0 rg BT 356.06 514.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.96 514.10 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.18 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.77 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.13 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.93 514.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 480.05 514.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 502.19 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.10 514.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.91 514.10 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 502.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.94 502.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 132.20 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 143.03 502.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.85 502.10 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.06 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.56 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.39 502.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.11 502.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 292.70 502.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.70 502.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (Sevan shar) Tj ET Q q 0 0 0 rg BT 96.77 460.10 Td (e r) Tj ET Q q 0 0 0 rg BT 107.97 460.10 Td (epur) Tj ET Q q 0 0 0 rg BT 127.79 460.10 Td (chase agr) Tj ET Q q 0 0 0 rg BT 167.88 460.10 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.54 442.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.43 442.10 Td (have ) Tj ET Q q 0 0 0 rg BT 129.30 442.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 160.72 442.10 Td (into ) Tj ET Q q 0 0 0 rg BT 178.27 442.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 225.80 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.57 442.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.01 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.22 442.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.10 442.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 335.77 442.10 Td (its ) Tj ET Q q 0 0 0 rg BT 347.21 442.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 374.20 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.98 442.10 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 410.41 442.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 444.07 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.85 442.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 503.04 442.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 528.37 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.80 442.10 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 82.15 430.10 Td (into ) Tj ET Q q 0 0 0 rg BT 100.43 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.59 430.10 Td (share ) Tj ET Q q 0 0 0 rg BT 131.42 430.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 169.68 430.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 214.04 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.55 430.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 270.58 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.52 430.10 Td (same ) Tj ET Q q 0 0 0 rg BT 308.79 430.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.51 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.56 430.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 380.28 430.10 Td (at ) Tj ET Q q 0 0 0 rg BT 390.22 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.38 430.10 Td (later ) Tj ET Q q 0 0 0 rg BT 417.87 430.10 Td (date ) Tj ET Q q 0 0 0 rg BT 437.25 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 464.41 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 473.81 430.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.74 430.10 Td (within ) Tj ET Q q 0 0 0 rg BT 542.02 430.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (months ) Tj ET Q q 0 0 0 rg BT 82.39 418.10 Td (from ) Tj ET Q q 0 0 0 rg BT 104.78 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.94 418.10 Td (date ) Tj ET Q q 0 0 0 rg BT 139.54 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.82 418.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 186.53 418.10 Td (into ) Tj ET Q q 0 0 0 rg BT 205.03 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.19 418.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 238.69 418.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 285.12 418.10 Td (As ) Tj ET Q q 0 0 0 rg BT 299.18 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.46 418.10 Td (March ) Tj ET Q q 0 0 0 rg BT 339.50 418.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.95 418.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 377.89 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.05 418.10 Td (company ) Tj ET Q q 0 0 0 rg BT 432.66 418.10 Td (has ) Tj ET Q q 0 0 0 rg BT 448.93 418.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 497.41 418.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.02 418.10 Td (216,065,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 76.81 406.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 110.85 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 138.22 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.37 406.10 Td (be ) Tj ET Q q 0 0 0 rg BT 160.19 406.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 210.87 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 223.24 406.10 Td (May ) Tj ET Q q 0 0 0 rg BT 243.95 406.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 253.83 406.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 276.20 406.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.79 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.61 406.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 317.20 406.10 Td (price ) Tj ET Q q 0 0 0 rg BT 339.56 406.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.27 406.10 Td (NOK4.0716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.43 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.81 406.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.62 406.10 Td (81,828,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.62 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.00 406.10 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 492.81 406.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 526.85 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.22 406.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.07 394.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 113.01 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.65 394.10 Td (May ) Tj ET Q q 0 0 0 rg BT 146.61 394.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 156.75 394.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 179.38 394.10 Td (at ) Tj ET Q q 0 0 0 rg BT 189.23 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.30 394.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 221.15 394.10 Td (price ) Tj ET Q q 0 0 0 rg BT 243.77 394.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.74 394.10 Td (NOK4.1022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.90 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.85 394.10 Td (These ) Tj ET Q q 0 0 0 rg BT 335.36 394.10 Td (share ) Tj ET Q q 0 0 0 rg BT 359.09 394.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 405.03 394.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 453.20 394.10 Td (have ) Tj ET Q q 0 0 0 rg BT 474.71 394.10 Td (been ) Tj ET Q q 0 0 0 rg BT 496.22 394.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 539.39 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 553.68 394.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 82.97 382.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 130.95 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.81 382.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 186.33 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.97 382.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.29 382.10 Td (have ) Tj ET Q q 0 0 0 rg BT 263.60 382.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 309.89 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.53 382.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 364.18 382.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.70 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 427.91 382.10 Td (these ) Tj ET Q q 0 0 0 rg BT 450.89 382.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 500.51 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.72 382.10 Td (other ) Tj ET Q q 0 0 0 rg BT 533.70 382.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.72 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.00 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 370.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 147.21 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.04 370.10 Td (US$203 ) Tj ET Q q 0 0 0 rg BT 193.32 370.10 Td (million ) Tj ET Q q 0 0 0 rg BT 224.71 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.54 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.37 370.10 Td (March ) Tj ET Q q 0 0 0 rg BT 274.97 370.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 289.97 370.10 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 328.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 123.13 328.10 Td (agr) Tj ET Q q 0 0 0 rg BT 137.39 328.10 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.77 301.10 Td (September ) Tj ET Q q 0 0 0 rg BT 110.09 301.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 125.14 301.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 150.20 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.97 301.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.41 301.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 238.38 301.10 Td (into ) Tj ET Q q 0 0 0 rg BT 256.49 301.10 Td (two ) Tj ET Q q 0 0 0 rg BT 274.04 301.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 316.58 301.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 351.33 301.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 407.75 301.10 Td (with ) Tj ET Q q 0 0 0 rg BT 428.08 301.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.07 301.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 457.06 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.39 301.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 499.37 301.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.36 301.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 537.80 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 301.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.41 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.83 289.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 123.12 289.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.32 289.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 196.47 289.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.67 289.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.52 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.15 289.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 285.46 289.10 Td (received ) Tj ET Q q 0 0 0 rg BT 320.73 289.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 342.15 289.10 Td (million ) Tj ET Q q 0 0 0 rg BT 372.45 289.10 Td (upfront ) Tj ET Q q 0 0 0 rg BT 403.31 289.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.05 289.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 461.67 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.75 289.10 Td (one ) Tj ET Q q 0 0 0 rg BT 490.60 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.34 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.98 289.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 564.51 289.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 277.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 115.64 277.10 Td (have ) Tj ET Q q 0 0 0 rg BT 136.80 277.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.52 277.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 186.89 277.10 Td (date ) Tj ET Q q 0 0 0 rg BT 205.83 277.10 Td (three ) Tj ET Q q 0 0 0 rg BT 228.10 277.10 Td (years ) Tj ET Q q 0 0 0 rg BT 251.47 277.10 Td (from ) Tj ET Q q 0 0 0 rg BT 273.19 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.69 277.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 327.18 277.10 Td (date ) Tj ET Q q 0 0 0 rg BT 346.12 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.84 277.10 Td (include ) Tj ET Q q 0 0 0 rg BT 394.55 277.10 Td (an ) Tj ET Q q 0 0 0 rg BT 406.27 277.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 437.98 277.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 481.91 277.10 Td (component ) Tj ET Q q 0 0 0 rg BT 528.63 277.10 Td (which ) Tj ET Q q 0 0 0 rg BT 555.35 277.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (based ) Tj ET Q q 0 0 0 rg BT 76.09 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 89.42 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.96 265.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 138.27 265.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 171.59 265.10 Td (received ) Tj ET Q q 0 0 0 rg BT 208.78 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.54 265.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 259.87 265.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 279.86 265.10 Td (1.9% ) Tj ET Q q 0 0 0 rg BT 304.02 265.10 Td (per ) Tj ET Q q 0 0 0 rg BT 320.11 265.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 352.42 265.10 Td (As ) Tj ET Q q 0 0 0 rg BT 366.86 265.10 Td (part ) Tj ET Q q 0 0 0 rg BT 385.73 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.39 265.10 Td (these ) Tj ET Q q 0 0 0 rg BT 421.26 265.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 472.62 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.38 265.10 Td (number ) Tj ET Q q 0 0 0 rg BT 514.25 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.91 265.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.22 265.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 114.68 253.10 Td (were ) Tj ET Q q 0 0 0 rg BT 136.04 253.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 169.62 253.10 Td (as ) Tj ET Q q 0 0 0 rg BT 179.88 253.10 Td (security) Tj ET Q q 0 0 0 rg BT 210.89 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.32 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.47 253.10 Td (value ) Tj ET Q q 0 0 0 rg BT 253.05 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.32 253.10 Td (which ) Tj ET Q q 0 0 0 rg BT 289.69 253.10 Td (as ) Tj ET Q q 0 0 0 rg BT 299.95 253.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.09 253.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 352.12 253.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.12 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.06 253.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 415.42 253.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.13 253.10 Td ($614 ) Tj ET Q q 0 0 0 rg BT 447.06 253.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.95 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.88 253.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.21 253.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.23 253.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.23 253.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (US$666 ) Tj ET Q q 0 0 0 rg BT 84.89 241.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.78 241.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 121.72 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.26 241.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.04 241.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 187.46 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.90 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.45 241.10 Td (long ) Tj ET Q q 0 0 0 rg BT 224.33 241.10 Td (term ) Tj ET Q q 0 0 0 rg BT 244.76 241.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 291.29 241.10 Td (security ) Tj ET Q q 0 0 0 rg BT 325.05 241.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.16 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.48 241.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 384.12 241.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 406.77 241.10 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 431.08 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.96 241.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 462.51 241.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 469.62 241.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 477.55 241.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.51 241.10 Td (The ) Tj ET Q q 0 0 0 rg BT 497.16 241.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 540.91 241.10 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.43 229.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 94.31 229.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 132.29 229.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.72 229.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 199.37 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.57 229.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 231.44 229.10 Td (value ) Tj ET Q q 0 0 0 rg BT 256.09 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.41 229.10 Td (these ) Tj ET Q q 0 0 0 rg BT 290.94 229.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 330.03 229.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.23 229.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 384.32 229.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.32 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.31 229.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.51 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.94 229.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 454.04 229.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 476.47 229.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.79 229.10 Td ($58 ) Tj ET Q q 0 0 0 rg BT 505.78 229.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.67 229.10 Td (, ) Tj ET Q q 0 0 0 rg BT 540.16 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 557.59 229.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 74.29 217.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 108.57 217.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.07 217.10 Td ($58 ) Tj ET Q q 0 0 0 rg BT 138.24 217.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.13 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.31 217.10 Td (which ) Tj ET Q q 0 0 0 rg BT 197.92 217.10 Td (have ) Tj ET Q q 0 0 0 rg BT 219.97 217.10 Td (been ) Tj ET Q q 0 0 0 rg BT 242.02 217.10 Td (of) Tj ET Q q 0 0 0 rg BT 250.17 217.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 267.78 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.73 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.12 217.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 327.83 217.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 351.54 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.16 217.10 Td (income ) Tj ET Q q 0 0 0 rg BT 401.76 217.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 443.26 217.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.76 217.10 Td (these ) Tj ET Q q 0 0 0 rg BT 478.48 217.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 527.18 217.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 549.79 217.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 80.81 205.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.97 205.10 Td (of) Tj ET Q q 0 0 0 rg BT 103.12 205.10 Td (fsetting. ) Tj ET Q q 0 0 0 rg BT 137.93 205.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.98 205.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 178.48 205.10 Td (million ) Tj ET Q q 0 0 0 rg BT 209.87 205.10 Td (received ) Tj ET Q q 0 0 0 rg BT 246.24 205.10 Td (as ) Tj ET Q q 0 0 0 rg BT 257.07 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.00 205.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 313.71 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.98 205.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 357.59 205.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.76 205.10 Td (included ) Tj ET Q q 0 0 0 rg BT 403.69 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.97 205.10 Td (other ) Tj ET Q q 0 0 0 rg BT 437.02 205.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 478.95 205.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 521.17 205.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 166.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 80.09 166.10 Td (risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.92 142.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.17 142.10 Td (has ) Tj ET Q q 0 0 0 rg BT 121.87 142.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.22 142.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 185.42 142.10 Td (including ) Tj ET Q q 0 0 0 rg BT 224.57 142.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.70 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.51 142.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.65 142.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 328.06 142.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 373.85 142.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 415.48 142.10 Td (other ) Tj ET Q q 0 0 0 rg BT 437.40 142.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 483.74 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.55 142.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 528.12 142.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 92.75 130.10 Td (on ) Tj ET Q q 0 0 0 rg BT 104.42 130.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 146.08 130.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 196.91 130.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 226.36 130.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 259.68 130.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 299.11 130.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 336.88 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.99 130.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 384.09 130.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 400.75 130.10 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 429.24 130.10 Td (These ) Tj ET Q q 0 0 0 rg BT 454.79 130.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 479.80 130.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 509.24 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 130.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.04 118.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 87.08 118.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 105.34 118.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 135.83 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.53 118.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 194.58 118.10 Td (default ) Tj ET Q q 0 0 0 rg BT 225.61 118.10 Td (by ) Tj ET Q q 0 0 0 rg BT 238.87 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.36 118.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 304.24 118.10 Td (. ) Tj ET Q q 0 0 0 rg BT 309.77 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 328.58 118.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.74 118.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 411.77 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.25 118.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 487.16 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.21 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.91 118.10 Td (creditworthy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.56 106.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 132.59 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.60 106.10 Td (does ) Tj ET Q q 0 0 0 rg BT 168.51 106.10 Td (not ) Tj ET Q q 0 0 0 rg BT 182.86 106.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 210.53 106.10 Td (any ) Tj ET Q q 0 0 0 rg BT 226.55 106.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 270.33 106.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 287.47 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.83 106.10 Td (result ) Tj ET Q q 0 0 0 rg BT 320.62 106.10 Td (from ) Tj ET Q q 0 0 0 rg BT 341.63 106.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 412.06 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 423.64 106.10 Td (such ) Tj ET Q q 0 0 0 rg BT 443.54 106.10 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 504.15 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 521.27 106.10 Td (Company) Tj ET Q q 0 0 0 rg BT 559.51 106.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.58 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.60 94.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 103.73 94.10 Td (course ) Tj ET Q q 0 0 0 rg BT 131.63 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.77 94.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 179.96 94.10 Td (does ) Tj ET Q q 0 0 0 rg BT 200.09 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 214.67 94.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 248.13 94.10 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 289.50 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 306.85 94.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 331.42 94.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 369.32 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.46 94.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 410.69 94.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 427.48 94.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 449.84 94.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 499.67 94.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 536.45 94.10 Td (option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.67 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.68 82.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 137.14 82.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 174.69 82.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 213.36 82.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.60 82.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 271.26 82.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.84 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.63 82.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 315.08 82.10 Td (value ) Tj ET Q q 0 0 0 rg BT 339.31 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.22 82.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 388.89 82.10 Td (with ) Tj ET Q q 0 0 0 rg BT 409.24 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.26 82.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 450.50 82.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 466.95 82.10 Td (value ) Tj ET Q q 0 0 0 rg BT 491.18 82.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.97 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.77 82.10 Td (end ) Tj ET Q q 0 0 0 rg BT 532.78 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 82.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 80.94 70.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 115.48 70.10 Td (by ) Tj ET Q q 0 0 0 rg BT 128.38 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.49 70.10 Td (ef) Tj ET Q q 0 0 0 rg BT 151.08 70.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 172.85 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.07 70.10 Td (master ) Tj ET Q q 0 0 0 rg BT 213.62 70.10 Td (netting ) Tj ET Q q 0 0 0 rg BT 244.29 70.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 295.22 70.10 Td (It ) Tj ET Q q 0 0 0 rg BT 304.22 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.78 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.89 70.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 376.37 70.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 404.26 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.93 70.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 437.81 70.10 Td (into ) Tj ET Q q 0 0 0 rg BT 456.26 70.10 Td (master ) Tj ET Q q 0 0 0 rg BT 485.81 70.10 Td (netting ) Tj ET Q q 0 0 0 rg BT 516.48 70.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.37 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.18 58.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 144.42 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.79 58.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 197.37 58.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.94 58.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 280.31 58.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 321.50 58.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.53 58.10 Td (give ) Tj ET Q q 0 0 0 rg BT 368.34 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.15 58.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 424.63 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.44 58.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 461.47 58.10 Td (right ) Tj ET Q q 0 0 0 rg BT 482.95 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.32 58.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 522.02 58.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 534.05 58.10 Td (all ) Tj ET Q q 0 0 0 rg BT 546.64 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 557.57 58.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 81.39 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.22 46.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 128.60 46.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 152.76 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.04 46.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 216.07 46.10 Td (by ) Tj ET Q q 0 0 0 rg BT 228.57 46.10 Td (of) Tj ET Q q 0 0 0 rg BT 236.72 46.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 269.22 46.10 Td (them ) Tj ET Q q 0 0 0 rg BT 291.71 46.10 Td (against ) Tj ET Q q 0 0 0 rg BT 322.54 46.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 358.93 46.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.42 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.14 46.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 444.17 46.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 467.22 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.50 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.22 46.10 Td (Company) Tj ET Q q 0 0 0 rg BT 530.45 46.10 Td (.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.64 718.10 Td (values ) Tj ET Q q 0 0 0 rg BT 99.81 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.64 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.37 718.10 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.35 694.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 104.46 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 128.92 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.15 694.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 187.27 694.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.95 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 228.40 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.53 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.55 694.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 301.93 694.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.71 694.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 389.17 694.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.19 694.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 443.09 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.09 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.89 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.12 694.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.01 694.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.93 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.76 682.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 622.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 622.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 622.60 4.00 -14.00 re f 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0.9333333333333333 1 rg /GS0 gs 383.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 538.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 538.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 538.60 56.00 -14.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.40 650.28 Td (March 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.65 650.28 Td (December 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 627.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 627.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 627.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.85 636.33 Td (Fair) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.20 626.33 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.55 636.33 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 599.17 Td (352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 599.17 Td (318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 599.17 Td (318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 86.05 585.17 Td (portion ) Tj ET Q q 0 0 0 rg BT 117.43 585.17 Td (of ) Tj ET Q q 0 0 0 rg BT 128.26 585.17 Td (long-term ) Tj ET Q q 0 0 0 rg BT 170.20 585.17 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 585.17 Td (1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 585.17 Td (1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 585.17 Td (1,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 585.17 Td (1,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 571.17 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 98.26 571.17 Td (portion ) Tj ET Q q 0 0 0 rg BT 129.65 571.17 Td (of ) Tj ET Q q 0 0 0 rg BT 140.48 571.17 Td (floating ) Tj ET Q q 0 0 0 rg BT 174.08 571.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 191.57 571.17 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 571.17 Td (6,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 571.17 Td (6,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 571.17 Td (8,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 571.17 Td (8,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.17 Td (Long ) Tj ET Q q 0 0 0 rg BT 76.61 557.17 Td (term ) Tj ET Q q 0 0 0 rg BT 97.43 557.17 Td (portion ) Tj ET Q q 0 0 0 rg BT 128.82 557.17 Td (of ) Tj ET Q q 0 0 0 rg BT 139.65 557.17 Td (fixed ) Tj ET Q q 0 0 0 rg BT 162.70 557.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 180.18 557.17 Td (CIRR ) Tj ET Q q 0 0 0 rg BT 206.02 557.17 Td (loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 557.17 Td (146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 557.17 Td (146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 557.17 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 557.17 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.17 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.28 543.17 Td (interest ) Tj ET Q q 0 0 0 rg BT 110.21 543.17 Td (convertible ) Tj ET Q q 0 0 0 rg BT 157.69 543.17 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 543.17 Td (904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 543.17 Td (577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 543.17 Td (704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 543.17 Td (577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 529.17 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.28 529.17 Td (interest ) Tj ET Q q 0 0 0 rg BT 110.21 529.17 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 529.17 Td (2,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 529.17 Td (1,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 529.17 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 529.17 Td (1,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.17 Td (Floating ) Tj ET Q q 0 0 0 rg BT 88.83 515.17 Td (interest ) Tj ET Q q 0 0 0 rg BT 120.77 515.17 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 515.17 Td (787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 515.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 515.17 Td (745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 515.17 Td (742) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.30 487.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 104.37 487.10 Td (value ) Tj ET Q q 0 0 0 rg BT 128.77 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.85 487.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.37 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.56 487.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.08 487.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 246.38 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.57 487.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 303.52 487.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 326.54 487.10 Td (which ) Tj ET Q q 0 0 0 rg BT 353.73 487.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.69 487.10 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 397.28 487.10 Td (is ) Tj ET Q q 0 0 0 rg BT 406.70 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.89 487.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 459.39 487.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 495.46 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.55 487.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.17 487.10 Td (value ) Tj ET Q q 0 0 0 rg BT 547.58 487.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 98.58 475.10 Td (at ) Tj ET Q q 0 0 0 rg BT 108.30 475.10 Td (level ) Tj ET Q q 0 0 0 rg BT 130.23 475.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 137.73 475.10 Td (on ) Tj ET Q q 0 0 0 rg BT 150.23 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.95 475.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 181.32 475.10 Td (value ) Tj ET Q q 0 0 0 rg BT 205.48 475.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 261.29 475.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 298.39 475.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.70 451.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.73 451.10 Td (value ) Tj ET Q q 0 0 0 rg BT 107.54 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.02 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.39 451.10 Td (current ) Tj ET Q q 0 0 0 rg BT 162.86 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.45 451.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 221.03 451.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 252.07 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.55 451.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 295.81 451.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 312.95 451.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 332.32 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.14 451.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 381.61 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.54 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.13 451.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 426.94 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.87 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.24 451.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 486.71 451.10 Td (value ) Tj ET Q q 0 0 0 rg BT 510.52 451.10 Td (since ) Tj ET Q q 0 0 0 rg BT 533.21 451.10 Td (it ) Tj ET Q q 0 0 0 rg BT 540.92 451.10 Td (bears ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 84.98 439.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.19 439.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 141.34 439.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.55 439.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.54 439.10 Td (reset ) Tj ET Q q 0 0 0 rg BT 205.19 439.10 Td (regularly) Tj ET Q q 0 0 0 rg BT 240.63 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.91 439.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 277.57 439.10 Td (every ) Tj ET Q q 0 0 0 rg BT 302.56 439.10 Td (one ) Tj ET Q q 0 0 0 rg BT 319.77 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.32 439.10 Td (six ) Tj ET Q q 0 0 0 rg BT 344.77 439.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 379.29 439.10 Td (This ) Tj ET Q q 0 0 0 rg BT 399.85 439.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 419.84 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.29 439.10 Td (not ) Tj ET Q q 0 0 0 rg BT 444.84 439.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 470.93 439.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 505.91 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.12 439.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 552.56 439.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 92.96 427.10 Td (by ) Tj ET Q q 0 0 0 rg BT 105.38 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.02 427.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.33 427.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.97 427.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 197.27 427.10 Td (other ) Tj ET Q q 0 0 0 rg BT 220.24 427.10 Td (than ) Tj ET Q q 0 0 0 rg BT 239.88 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.52 427.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 303.61 427.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 336.57 427.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 355.66 427.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 389.17 427.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 423.35 427.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.99 427.10 Td (e ) Tj ET Q q 0 0 0 rg BT 438.85 427.10 Td (have ) Tj ET Q q 0 0 0 rg BT 460.15 427.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 508.65 427.10 Td (this ) Tj ET Q q 0 0 0 rg BT 525.52 427.10 Td (at ) Tj ET Q q 0 0 0 rg BT 535.17 427.10 Td (level ) Tj ET Q q 0 0 0 rg BT 557.02 427.10 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 415.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 93.59 415.10 Td (value ) Tj ET Q q 0 0 0 rg BT 117.75 415.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 173.56 415.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 210.66 415.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 391.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.98 391.10 Td (value ) Tj ET Q q 0 0 0 rg BT 107.92 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.53 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.02 391.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 174.74 391.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 205.90 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.51 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.01 391.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 253.83 391.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 271.10 391.10 Td (CIRR ) Tj ET Q q 0 0 0 rg BT 296.72 391.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 320.10 391.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.05 391.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 352.99 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.05 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.54 391.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 413.14 391.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 439.57 391.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.18 391.10 Td (they ) Tj ET Q q 0 0 0 rg BT 469.68 391.10 Td (are ) Tj ET Q q 0 0 0 rg BT 484.16 391.10 Td (matched ) Tj ET Q q 0 0 0 rg BT 520.31 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 540.37 391.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 86.92 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.75 379.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 137.46 379.10 Td (cash. ) Tj ET Q q 0 0 0 rg BT 160.04 379.10 Td (W) Tj ET Q q 0 0 0 rg BT 168.68 379.10 Td (e ) Tj ET Q q 0 0 0 rg BT 175.62 379.10 Td (have ) Tj ET Q q 0 0 0 rg BT 197.00 379.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 245.58 379.10 Td (this ) Tj ET Q q 0 0 0 rg BT 262.52 379.10 Td (at ) Tj ET Q q 0 0 0 rg BT 272.24 379.10 Td (level ) Tj ET Q q 0 0 0 rg BT 294.17 379.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 301.67 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 314.17 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.89 379.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 345.27 379.10 Td (value ) Tj ET Q q 0 0 0 rg BT 369.42 379.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 425.23 379.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 462.34 379.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.86 355.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 117.15 355.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 144.35 355.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.86 355.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 186.49 355.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 222.00 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.75 355.10 Td (their ) Tj ET Q q 0 0 0 rg BT 261.38 355.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 278.57 355.10 Td (value ) Tj ET Q q 0 0 0 rg BT 303.54 355.10 Td (has ) Tj ET Q q 0 0 0 rg BT 320.17 355.10 Td (been ) Tj ET Q q 0 0 0 rg BT 342.36 355.10 Td (set ) Tj ET Q q 0 0 0 rg BT 356.78 355.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 381.74 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.83 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.36 355.10 Td (price ) Tj ET Q q 0 0 0 rg BT 431.65 355.10 Td (at ) Tj ET Q q 0 0 0 rg BT 442.18 355.10 Td (which ) Tj ET Q q 0 0 0 rg BT 469.93 355.10 Td (they ) Tj ET Q q 0 0 0 rg BT 490.45 355.10 Td (were ) Tj ET Q q 0 0 0 rg BT 513.19 355.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 541.49 355.10 Td (at ) Tj ET Q q 0 0 0 rg BT 552.01 355.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 93.60 343.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.60 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.10 343.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.04 343.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 191.62 343.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 343.10 Td (. ) Tj ET Q q 0 0 0 rg BT 216.44 343.10 Td (W) Tj ET Q q 0 0 0 rg BT 225.08 343.10 Td (e ) Tj ET Q q 0 0 0 rg BT 232.02 343.10 Td (have ) Tj ET Q q 0 0 0 rg BT 253.39 343.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 301.97 343.10 Td (this ) Tj ET Q q 0 0 0 rg BT 318.92 343.10 Td (at ) Tj ET Q q 0 0 0 rg BT 328.64 343.10 Td (level ) Tj ET Q q 0 0 0 rg BT 350.57 343.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 358.07 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 370.57 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.29 343.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 401.67 343.10 Td (value ) Tj ET Q q 0 0 0 rg BT 425.82 343.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 481.63 343.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 518.74 343.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.30 319.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 91.60 319.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.79 319.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 141.53 319.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 168.18 319.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.14 319.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 209.21 319.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 244.17 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.37 319.10 Td (their ) Tj ET Q q 0 0 0 rg BT 282.45 319.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 299.08 319.10 Td (value ) Tj ET Q q 0 0 0 rg BT 323.49 319.10 Td (has ) Tj ET Q q 0 0 0 rg BT 339.57 319.10 Td (been ) Tj ET Q q 0 0 0 rg BT 361.21 319.10 Td (set ) Tj ET Q q 0 0 0 rg BT 375.07 319.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 399.48 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.02 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.99 319.10 Td (price ) Tj ET Q q 0 0 0 rg BT 447.73 319.10 Td (at ) Tj ET Q q 0 0 0 rg BT 457.70 319.10 Td (which ) Tj ET Q q 0 0 0 rg BT 484.89 319.10 Td (they ) Tj ET Q q 0 0 0 rg BT 504.87 319.10 Td (were ) Tj ET Q q 0 0 0 rg BT 527.05 319.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 554.79 319.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 307.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 106.10 307.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.10 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.60 307.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.54 307.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 204.12 307.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.12 307.10 Td (. ) Tj ET Q q 0 0 0 rg BT 228.94 307.10 Td (W) Tj ET Q q 0 0 0 rg BT 237.58 307.10 Td (e ) Tj ET Q q 0 0 0 rg BT 244.52 307.10 Td (have ) Tj ET Q q 0 0 0 rg BT 265.89 307.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 314.47 307.10 Td (this ) Tj ET Q q 0 0 0 rg BT 331.42 307.10 Td (at ) Tj ET Q q 0 0 0 rg BT 341.14 307.10 Td (level ) Tj ET Q q 0 0 0 rg BT 363.07 307.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 370.57 307.10 Td (on ) Tj ET Q q 0 0 0 rg BT 383.07 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.79 307.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 414.17 307.10 Td (value ) Tj ET Q q 0 0 0 rg BT 438.32 307.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 494.13 307.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 531.24 307.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.07 283.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 101.70 283.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 133.65 283.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 160.07 283.10 Td (are ) Tj ET Q q 0 0 0 rg BT 174.80 283.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 200.64 283.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 235.36 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.33 283.10 Td (their ) Tj ET Q q 0 0 0 rg BT 273.17 283.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 289.58 283.10 Td (value ) Tj ET Q q 0 0 0 rg BT 313.75 283.10 Td (has ) Tj ET Q q 0 0 0 rg BT 329.61 283.10 Td (been ) Tj ET Q q 0 0 0 rg BT 351.01 283.10 Td (set ) Tj ET Q q 0 0 0 rg BT 364.64 283.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 388.82 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.12 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.86 283.10 Td (price ) Tj ET Q q 0 0 0 rg BT 436.37 283.10 Td (at ) Tj ET Q q 0 0 0 rg BT 446.11 283.10 Td (which ) Tj ET Q q 0 0 0 rg BT 473.07 283.10 Td (they ) Tj ET Q q 0 0 0 rg BT 492.81 283.10 Td (were ) Tj ET Q q 0 0 0 rg BT 514.76 283.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 542.27 283.10 Td (at ) Tj ET Q q 0 0 0 rg BT 552.01 283.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 93.60 271.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.60 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.10 271.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.04 271.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 191.62 271.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 271.10 Td (. ) Tj ET Q q 0 0 0 rg BT 216.44 271.10 Td (W) Tj ET Q q 0 0 0 rg BT 225.08 271.10 Td (e ) Tj ET Q q 0 0 0 rg BT 232.02 271.10 Td (have ) Tj ET Q q 0 0 0 rg BT 253.39 271.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 301.97 271.10 Td (this ) Tj ET Q q 0 0 0 rg BT 318.92 271.10 Td (at ) Tj ET Q q 0 0 0 rg BT 328.64 271.10 Td (level ) Tj ET Q q 0 0 0 rg BT 350.57 271.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 358.07 271.10 Td (on ) Tj ET Q q 0 0 0 rg BT 370.57 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.29 271.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 401.67 271.10 Td (value ) Tj ET Q q 0 0 0 rg BT 425.82 271.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 481.63 271.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 518.74 271.10 Td (.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.71 742.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 138.88 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.37 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 171.08 742.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 211.89 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 221.61 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.99 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 262.14 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.64 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.58 742.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 320.73 742.10 Td (basis:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 610.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 610.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 610.60 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 582.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 554.60 219.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 554.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 554.60 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 554.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 554.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 554.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 554.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 554.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 554.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 527.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 527.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 527.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 527.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 499.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 499.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 499.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 499.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 499.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 471.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 471.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 471.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 471.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.60 219.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 443.60 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 443.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 443.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 443.60 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 554.6 m 269.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 541.6 m 269.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 554.6 m 273.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 541.6 m 273.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 554.6 m 335.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 541.6 m 335.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 554.6 m 339.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 541.6 m 339.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 554.6 m 418.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 541.6 m 418.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 554.6 m 422.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 541.6 m 422.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 554.6 m 488.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 541.6 m 488.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 554.6 m 492.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 541.6 m 492.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 554.6 m 560.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 541.6 m 560.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 443.6 m 269.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 430.6 m 269.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 443.6 m 273.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 430.6 m 273.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 443.6 m 335.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 430.6 m 335.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 443.6 m 339.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 430.6 m 339.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 443.6 m 418.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 430.6 m 418.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 443.6 m 422.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 430.6 m 422.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 443.6 m 488.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 430.6 m 488.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 443.6 m 492.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 430.6 m 492.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 443.6 m 560.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 430.6 m 560.5 430.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 713.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 713.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.80 722.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 413.94 722.33 Td ( value measur) Tj ET Q q 0 0 0 rg BT 473.20 722.33 Td (ements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.80 712.33 Td (at r) Tj ET Q q 0 0 0 rg BT 415.89 712.33 Td (eporting date using) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 654.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.10 664.28 Td (T) Tj ET Q q 0 0 0 rg BT 315.85 664.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.55 654.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 306.69 654.28 Td ( value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.85 684.28 Td (Quoted Prices in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.15 674.28 Td (Active Markets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.10 664.28 Td (for Identical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.30 654.28 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.85 684.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.60 674.28 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.10 664.28 Td (Observable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.20 654.28 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.85 674.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.10 664.28 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.20 654.28 Td (Inputs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 629.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.30 639.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.00 629.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 640.33 Td (\(Level 1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.50 640.33 Td (\(Level 2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 640.33 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 601.17 Td (Marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 601.17 Td (1,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 601.17 Td (1,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 601.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 601.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 587.17 Td (Interest rate swap contracts short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 587.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 587.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 573.17 Td (Foreign exchange forwards short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 573.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 573.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 573.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 573.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.17 Td (Other derivative instruments short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 559.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 545.33 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 545.33 Td (1,700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 545.33 Td (1,686) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 545.33 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 545.33 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.17 Td (Liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.00 518.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 518.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 518.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.00 518.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.17 Td (Interest rate swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 504.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 504.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 504.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.17 Td (Interest rate swap contracts long term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 490.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 490.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 490.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 490.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.17 Td (Cross currency swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 476.17 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 476.17 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 476.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.17 Td (Foreign exchange forwards short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 462.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 462.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 462.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 462.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.17 Td (Other derivative instruments short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 448.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 448.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 448.17 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 448.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 434.33 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.65 434.33 Td (142) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.65 434.33 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 434.33 Td (142) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 434.33 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 287.60 220.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 287.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 287.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 287.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 287.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.60 220.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 259.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 259.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 259.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 259.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 231.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 231.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 231.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 231.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 231.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 231.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 231.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 231.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 204.60 220.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 204.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 204.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 204.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 204.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 204.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 176.60 220.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 176.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 176.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 176.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 176.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 176.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 148.60 220.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 148.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 148.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 148.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 148.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 148.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.60 220.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 120.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 120.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 120.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 120.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 120.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 120.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 120.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 120.60 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 231.60000000000002 m 270.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 218.60000000000002 m 270.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 231.60000000000002 m 274.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 218.60000000000002 m 274.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 231.60000000000002 m 337.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 218.60000000000002 m 337.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 231.60000000000002 m 341.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 218.60000000000002 m 341.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 231.60000000000002 m 420.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 218.60000000000002 m 420.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 231.60000000000002 m 424.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 218.60000000000002 m 424.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 231.60000000000002 m 490.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 218.60000000000002 m 490.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 231.60000000000002 m 494.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 218.60000000000002 m 494.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 231.60000000000002 m 562.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 218.60000000000002 m 562.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 120.60000000000002 m 270.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 107.60000000000002 m 270.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 120.60000000000002 m 274.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 107.60000000000002 m 274.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 120.60000000000002 m 337.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 107.60000000000002 m 337.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 120.60000000000002 m 341.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 107.60000000000002 m 341.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 120.60000000000002 m 420.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 107.60000000000002 m 420.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 120.60000000000002 m 424.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 107.60000000000002 m 424.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 120.60000000000002 m 490.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 107.60000000000002 m 490.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 120.60000000000002 m 494.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 107.60000000000002 m 494.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 120.60000000000002 m 562.5 120.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 107.60000000000002 m 562.5 107.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 390.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 390.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.80 399.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 415.94 399.33 Td ( value measur) Tj ET Q q 0 0 0 rg BT 475.20 399.33 Td (ements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.80 389.33 Td (at r) Tj ET Q q 0 0 0 rg BT 417.89 389.33 Td (eporting date using) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 331.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.10 341.28 Td (T) Tj ET Q q 0 0 0 rg BT 317.85 341.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.55 331.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 308.69 331.28 Td ( value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.85 361.28 Td (Quoted Prices in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.15 351.28 Td (Active Markets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.10 341.28 Td (for Identical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.30 331.28 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.85 361.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.60 351.28 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.10 341.28 Td (Observable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.20 331.28 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.85 351.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.10 341.28 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.20 331.28 Td (Inputs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 306.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.85 316.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.00 306.28 Td (31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.50 317.33 Td (\(Level 1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 317.33 Td (\(Level 2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.50 317.33 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 292.17 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 292.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.17 Td (Marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 278.17 Td (1,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 278.17 Td (1,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 278.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 278.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.17 Td (Interest rate swap contracts short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 264.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 264.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 264.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 264.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.17 Td (Foreign exchange forwards short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 250.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 250.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 250.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 250.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 236.17 Td (Other derivative instruments short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 236.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 236.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 236.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 236.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 222.33 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 222.33 Td (1,091) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 222.33 Td (1,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 222.33 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 222.33 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 195.17 Td (Liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.00 195.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 195.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 195.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 195.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 181.17 Td (Interest rate swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 181.17 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 181.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 181.17 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 181.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.17 Td (Interest rate swap contracts long term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 167.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 167.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 167.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 167.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 153.17 Td (Cross currency swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 153.17 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 153.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 153.17 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 153.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 139.17 Td (Foreign exchange forwards short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 139.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 139.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 139.17 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 139.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 125.17 Td (Other derivative instruments short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 125.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 125.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 125.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 111.33 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 111.33 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 111.33 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 111.33 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 111.33 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (US ) Tj ET Q q 0 0 0 rg BT 64.21 72.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 91.06 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 72.10 Td (emphasizes ) Tj ET Q q 0 0 0 rg BT 140.01 72.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.43 72.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 171.73 72.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.81 72.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.90 72.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.77 72.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 264.05 72.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 321.29 72.10 Td (not ) Tj ET Q q 0 0 0 rg BT 335.49 72.10 Td (an ) Tj ET Q q 0 0 0 rg BT 346.36 72.10 Td (entity-specific ) Tj ET Q q 0 0 0 rg BT 404.98 72.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 462.21 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.08 72.10 Td (should ) Tj ET Q q 0 0 0 rg BT 506.17 72.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.03 72.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.76 60.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.75 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.96 60.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 156.40 60.10 Td (that ) Tj ET Q q 0 0 0 rg BT 174.38 60.10 Td (market ) Tj ET Q q 0 0 0 rg BT 205.14 60.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 254.78 60.10 Td (would ) Tj ET Q q 0 0 0 rg BT 282.77 60.10 Td (use ) Tj ET Q q 0 0 0 rg BT 299.09 60.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.86 60.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 341.17 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.38 60.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 378.81 60.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.13 60.10 Td (liability) Tj ET Q q 0 0 0 rg BT 420.59 60.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.42 60.10 Td (As ) Tj ET Q q 0 0 0 rg BT 439.53 60.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.95 60.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 469.95 60.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.60 60.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 534.24 60.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 94.50 48.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 145.68 48.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.20 48.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.81 48.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.20 48.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 255.64 48.10 Td (US ) Tj ET Q q 0 0 0 rg BT 270.16 48.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 297.02 48.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.76 48.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 343.82 48.10 Td (a ) Tj ET Q q 0 0 0 rg BT 350.00 48.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 365.61 48.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.00 48.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 428.49 48.10 Td (that ) Tj ET Q q 0 0 0 rg BT 445.23 48.10 Td (distinguishes ) Tj ET Q q 0 0 0 rg BT 499.19 48.10 Td (between ) Tj ET Q q 0 0 0 rg BT 534.24 48.10 Td (market ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 95.50 742.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 147.68 742.10 Td (based ) Tj ET Q q 0 0 0 rg BT 173.19 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.93 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 216.43 742.10 Td (data ) Tj ET Q q 0 0 0 rg BT 235.82 742.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 273.00 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 295.17 742.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 327.90 742.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 379.51 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.58 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.54 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 444.93 742.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 470.44 742.10 Td (\(observable ) Tj ET Q q 0 0 0 rg BT 519.82 742.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 547.01 742.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.34 730.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 106.24 730.10 Td (within ) Tj ET Q q 0 0 0 rg BT 134.94 730.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 161.40 730.10 Td (one ) Tj ET Q q 0 0 0 rg BT 178.97 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.55 730.10 Td (two ) Tj ET Q q 0 0 0 rg BT 214.68 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.15 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.50 730.10 Td (hierarchy\) ) Tj ET Q q 0 0 0 rg BT 285.72 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.30 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.65 730.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 358.44 730.10 Td (entity's ) Tj ET Q q 0 0 0 rg BT 390.04 730.10 Td (own ) Tj ET Q q 0 0 0 rg BT 410.40 730.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 462.99 730.10 Td (about ) Tj ET Q q 0 0 0 rg BT 488.34 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 519.24 730.10 Td (participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.95 718.10 Td (\(unobservable ) Tj ET Q q 0 0 0 rg BT 161.09 718.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 188.04 718.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 228.31 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 256.36 718.10 Td (level ) Tj ET Q q 0 0 0 rg BT 278.30 718.10 Td (three ) Tj ET Q q 0 0 0 rg BT 300.78 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.61 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.33 718.10 Td (hierarchy\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.98 694.10 Td (one ) Tj ET Q q 0 0 0 rg BT 93.63 694.10 Td (input ) Tj ET Q q 0 0 0 rg BT 117.39 694.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 149.49 694.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 196.03 694.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 226.45 694.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 253.54 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.53 694.10 Td (active ) Tj ET Q q 0 0 0 rg BT 291.62 694.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 326.48 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.36 694.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 379.00 694.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 405.54 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.08 694.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 457.51 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.72 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.15 694.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.24 694.10 Td (has ) Tj ET Q q 0 0 0 rg BT 549.79 694.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.49 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.21 682.10 Td (access. ) Tj ET Q q 0 0 0 rg BT 120.19 682.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 145.89 682.10 Td (two ) Tj ET Q q 0 0 0 rg BT 163.83 682.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 191.22 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 206.36 682.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 233.75 682.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.24 682.10 Td (than ) Tj ET Q q 0 0 0 rg BT 277.39 682.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 307.55 682.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 334.37 682.10 Td (included ) Tj ET Q q 0 0 0 rg BT 371.74 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.46 682.10 Td (level ) Tj ET Q q 0 0 0 rg BT 404.83 682.10 Td (one ) Tj ET Q q 0 0 0 rg BT 422.21 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.14 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.29 682.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 501.54 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.14 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.30 682.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 553.68 682.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (liability) Tj ET Q q 0 0 0 rg BT 80.46 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.91 670.10 Td (either ) Tj ET Q q 0 0 0 rg BT 109.62 670.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 142.12 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.40 670.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 190.07 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.52 670.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 219.23 670.10 Td (two ) Tj ET Q q 0 0 0 rg BT 236.18 670.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 262.58 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 281.75 670.10 Td (include ) Tj ET Q q 0 0 0 rg BT 313.13 670.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 342.30 670.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 368.13 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.74 670.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 411.46 670.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 436.75 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.13 670.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 492.30 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.03 670.10 Td (active ) Tj ET Q q 0 0 0 rg BT 527.85 670.10 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.34 658.10 Td (well ) Tj ET Q q 0 0 0 rg BT 79.57 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 89.91 658.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 116.37 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 133.37 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.59 658.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 192.92 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.59 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.82 658.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 242.27 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.61 658.10 Td (liability) Tj ET Q q 0 0 0 rg BT 283.07 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 287.58 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 310.13 658.10 Td (than ) Tj ET Q q 0 0 0 rg BT 329.36 658.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 358.59 658.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 386.98 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 407.32 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.66 658.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 449.10 658.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 472.49 658.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 503.38 658.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.14 658.10 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.49 646.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 90.54 646.10 Td (curves ) Tj ET Q q 0 0 0 rg BT 119.69 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 137.74 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 153.00 646.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 199.37 646.10 Td (at ) Tj ET Q q 0 0 0 rg BT 209.64 646.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 255.47 646.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 285.74 646.10 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 325.72 646.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 351.54 646.10 Td (three ) Tj ET Q q 0 0 0 rg BT 374.58 646.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 402.08 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 417.34 646.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 473.71 646.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 501.21 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.92 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.19 646.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 553.69 646.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (liability) Tj ET Q q 0 0 0 rg BT 80.46 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 85.84 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 113.15 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.24 634.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 166.11 634.10 Td (based ) Tj ET Q q 0 0 0 rg BT 191.76 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.63 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.95 634.10 Td (entity's ) Tj ET Q q 0 0 0 rg BT 248.30 634.10 Td (own ) Tj ET Q q 0 0 0 rg BT 268.40 634.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 323.22 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.43 634.10 Td (there ) Tj ET Q q 0 0 0 rg BT 357.29 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.84 634.10 Td (little, ) Tj ET Q q 0 0 0 rg BT 390.55 634.10 Td (if ) Tj ET Q q 0 0 0 rg BT 399.54 634.10 Td (any) Tj ET Q q 0 0 0 rg BT 413.33 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 418.71 634.10 Td (related ) Tj ET Q q 0 0 0 rg BT 448.79 634.10 Td (market ) Tj ET Q q 0 0 0 rg BT 479.43 634.10 Td (activity) Tj ET Q q 0 0 0 rg BT 508.77 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 514.15 634.10 Td (In ) Tj ET Q q 0 0 0 rg BT 525.36 634.10 Td (instances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (where ) Tj ET Q q 0 0 0 rg BT 76.44 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.66 622.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 148.21 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.55 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.78 622.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.66 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 212.33 622.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 267.65 622.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.33 622.10 Td (based ) Tj ET Q q 0 0 0 rg BT 301.10 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.11 622.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 339.57 622.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.02 622.10 Td (dif) Tj ET Q q 0 0 0 rg BT 371.95 622.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 397.27 622.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 422.60 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.94 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.17 622.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 463.06 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 486.72 622.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 523.83 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.33 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 622.10 Td (level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.87 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.18 610.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 90.15 610.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.90 610.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 153.75 610.10 Td (within ) Tj ET Q q 0 0 0 rg BT 181.40 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 207.93 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.24 610.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 247.10 610.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 263.07 610.10 Td (value ) Tj ET Q q 0 0 0 rg BT 286.82 610.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 342.22 610.10 Td (falls ) Tj ET Q q 0 0 0 rg BT 361.54 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 370.30 610.10 Td (based ) Tj ET Q q 0 0 0 rg BT 395.16 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.25 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.57 610.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 449.77 610.10 Td (level ) Tj ET Q q 0 0 0 rg BT 471.29 610.10 Td (input ) Tj ET Q q 0 0 0 rg BT 493.95 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.03 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 519.80 610.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.31 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.06 598.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.46 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 115.65 598.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 171.49 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.80 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 193.78 598.10 Td (entirety) Tj ET Q q 0 0 0 rg BT 223.67 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 228.52 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 246.60 598.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 293.71 598.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 340.68 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.54 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.29 598.10 Td (significance ) Tj ET Q q 0 0 0 rg BT 417.13 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.99 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.96 598.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 475.80 598.10 Td (input ) Tj ET Q q 0 0 0 rg BT 498.89 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.20 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.94 598.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.35 598.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 105.81 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.09 586.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.04 586.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 161.08 586.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 195.79 586.10 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 238.56 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.50 586.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 295.77 586.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 325.47 586.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 359.07 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.35 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.06 586.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 406.00 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.83 586.10 Td (liability) Tj ET Q q 0 0 0 rg BT 447.29 586.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 82.36 562.10 Td (market ) Tj ET Q q 0 0 0 rg BT 113.05 562.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 139.85 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.98 562.10 Td (used ) Tj ET Q q 0 0 0 rg BT 176.24 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.94 562.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 223.18 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.32 562.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.12 562.10 Td (value ) Tj ET Q q 0 0 0 rg BT 279.70 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.96 562.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 338.30 562.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 381.49 562.10 Td (which ) Tj ET Q q 0 0 0 rg BT 408.85 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.98 562.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 453.56 562.10 Td (at ) Tj ET Q q 0 0 0 rg BT 463.70 562.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.50 562.10 Td (value ) Tj ET Q q 0 0 0 rg BT 505.08 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.00 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.37 562.10 Td (recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.47 526.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.28 526.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.86 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.11 526.10 Td (total ) Tj ET Q q 0 0 0 rg BT 141.81 526.10 Td (return ) Tj ET Q q 0 0 0 rg BT 168.62 526.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 196.54 526.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 223.91 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.50 526.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 276.96 526.10 Td (using ) Tj ET Q q 0 0 0 rg BT 301.55 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.70 526.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 348.51 526.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 375.31 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.57 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.71 526.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 447.96 526.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 472.56 526.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 502.97 526.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 544.79 526.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (since ) Tj ET Q q 0 0 0 rg BT 73.05 514.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 112.76 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.70 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.41 514.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.35 514.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 193.83 514.10 Td (char) Tj ET Q q 0 0 0 rg BT 210.86 514.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 227.80 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.30 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.01 514.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 304.90 514.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.70 490.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.73 490.10 Td (values ) Tj ET Q q 0 0 0 rg BT 111.43 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.91 490.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 153.50 490.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 170.63 490.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 197.23 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.82 490.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 247.62 490.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 287.53 490.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 325.78 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 340.13 490.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 382.81 490.10 Td (using ) Tj ET Q q 0 0 0 rg BT 406.64 490.10 Td (well-established ) Tj ET Q q 0 0 0 rg BT 473.77 490.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 524.79 490.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 95.26 478.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 127.20 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.48 478.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 181.62 478.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.88 478.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 226.61 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.54 478.10 Td (LIBOR, ) Tj ET Q q 0 0 0 rg BT 278.54 478.10 Td (NIBOR ) Tj ET Q q 0 0 0 rg BT 312.16 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.10 478.10 Td (STIBOR ) Tj ET Q q 0 0 0 rg BT 367.16 478.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 399.09 478.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 420.47 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 431.30 478.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.13 478.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 485.73 478.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.73 478.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 454.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.13 454.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.63 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.81 454.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.21 454.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 187.04 454.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 236.56 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.08 454.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 289.45 454.10 Td (using ) Tj ET Q q 0 0 0 rg BT 313.97 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.04 454.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 360.78 454.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 387.51 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.69 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.75 454.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 459.93 454.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 503.04 454.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 544.78 454.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (since ) Tj ET Q q 0 0 0 rg BT 73.05 442.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 112.76 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.70 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.41 442.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.35 442.10 Td (char) Tj ET Q q 0 0 0 rg BT 193.37 442.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 210.31 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.81 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.53 442.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 287.41 442.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 406.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 84.99 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.31 406.10 Td (V) Tj ET Q q 0 0 0 rg BT 98.61 406.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 131.11 406.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 152.59 406.10 Td (est ) Tj ET Q q 0 0 0 rg BT 166.75 406.10 Td (Entities ) Tj ET Q q 0 0 0 rg BT 202.03 406.10 Td (\(VIEs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.77 382.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.75 382.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 115.50 382.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.66 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.53 382.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.07 382.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 220.71 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.80 382.10 Td (drillship, ) Tj ET Q q 0 0 0 rg BT 264.29 382.10 Td (two ) Tj ET Q q 0 0 0 rg BT 280.95 382.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 353.14 382.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 372.30 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.39 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.48 382.10 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 433.35 382.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 464.99 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.97 382.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 508.17 382.10 Td (under ) Tj ET Q q 0 0 0 rg BT 532.60 382.10 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 79.22 370.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 102.04 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.21 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.27 370.10 Td (units ) Tj ET Q q 0 0 0 rg BT 150.56 370.10 Td (had ) Tj ET Q q 0 0 0 rg BT 167.84 370.10 Td (been ) Tj ET Q q 0 0 0 rg BT 189.56 370.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 209.07 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 221.91 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.97 370.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 278.70 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.31 370.10 Td (single ) Tj ET Q q 0 0 0 rg BT 316.04 370.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 350.54 370.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 400.60 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.77 370.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 432.95 370.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 467.45 370.10 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 484.18 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.46 370.10 Td (simultaneously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 77.17 358.10 Td (back ) Tj ET Q q 0 0 0 rg BT 98.24 358.10 Td (by ) Tj ET Q q 0 0 0 rg BT 110.43 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.83 358.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 165.91 358.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.10 358.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 214.71 358.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 244.66 358.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 282.94 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.79 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.41 358.10 Td (term ) Tj ET Q q 0 0 0 rg BT 323.93 358.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.45 358.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.45 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.64 358.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 372.27 358.10 Td (The ) Tj ET Q q 0 0 0 rg BT 390.00 358.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.08 358.10 Td (has ) Tj ET Q q 0 0 0 rg BT 446.60 358.10 Td (several ) Tj ET Q q 0 0 0 rg BT 477.10 358.10 Td (options ) Tj ET Q q 0 0 0 rg BT 508.74 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.71 358.10 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 346.10 Td (units ) Tj ET Q q 0 0 0 rg BT 86.67 346.10 Td (during ) Tj ET Q q 0 0 0 rg BT 115.27 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.99 346.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 160.24 346.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 194.68 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.62 346.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 258.56 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.84 346.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 306.88 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.60 346.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 347.43 346.10 Td (at ) Tj ET Q q 0 0 0 rg BT 357.14 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.86 346.10 Td (end ) Tj ET Q q 0 0 0 rg BT 388.80 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.63 346.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.35 346.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.35 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.85 346.10 Td (year ) Tj ET Q q 0 0 0 rg BT 446.55 346.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 469.04 346.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 322.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 322.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 322.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 154.98 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.91 322.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 201.63 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.46 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.18 322.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 245.22 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.16 322.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 303.53 322.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 362.39 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.22 322.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.05 322.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 427.65 322.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 322.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 121.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 257.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 257.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 257.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 257.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 257.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 257.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 229.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 121.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 229.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 229.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 229.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 229.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 229.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 229.60 61.00 -14.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 262.28 Td (Unit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.60 272.28 Td (Effective) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.00 262.28 Td (fr) Tj ET Q q 0 0 0 rg BT 152.59 262.28 Td (om) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.95 282.28 Td (Sale value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.95 272.28 Td (\(In US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.85 262.28 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.70 302.28 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.25 292.28 Td (r) Tj ET Q q 0 0 0 rg BT 273.51 292.28 Td (epur) Tj ET Q q 0 0 0 rg BT 293.33 292.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.35 282.28 Td (option) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.45 272.28 Td (\(In US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.35 262.28 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 282.28 Td (Month of first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.75 272.28 Td (r) Tj ET Q q 0 0 0 rg BT 351.01 272.28 Td (epur) Tj ET Q q 0 0 0 rg BT 370.83 272.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.85 262.28 Td (option) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.55 302.28 Td (Last) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.25 292.28 Td (r) Tj ET Q q 0 0 0 rg BT 428.51 292.28 Td (epur) Tj ET Q q 0 0 0 rg BT 448.33 292.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.60 282.28 Td (option *) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.45 272.28 Td (\(In US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.35 262.28 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.60 292.28 Td (Month of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 282.28 Td (last) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.75 272.28 Td (r) Tj ET Q q 0 0 0 rg BT 501.01 272.28 Td (epur) Tj ET Q q 0 0 0 rg BT 520.83 272.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.70 262.28 Td (Option *) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 248.16 Td (West Polaris) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.40 248.17 Td (Jul 2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 248.17 Td (850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 248.17 Td (548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.75 248.17 Td (Sep 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 248.17 Td (178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 248.17 Td (Jun 2023) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 234.16 Td (West Taurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.60 234.17 Td (Nov 2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 234.17 Td (850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 234.17 Td (418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.75 234.17 Td (Feb 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 234.17 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.60 234.17 Td (Nov 2023) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 220.16 Td (West Hercules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.75 220.17 Td (Oct2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 220.17 Td (850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 220.17 Td (580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 220.17 Td (Aug 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 220.17 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.60 220.17 Td (Aug 2023) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 206.16 Td (West Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.40 206.17 Td (Jul 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 206.17 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 206.17 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.05 206.17 Td (June 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 206.17 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.05 206.17 Td (June 2028) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (* ) Tj ET Q q 0 0 0 rg BT 57.78 178.10 Td (For ) Tj ET Q q 0 0 0 rg BT 74.45 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.44 178.10 Td (unit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.77 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 115.19 178.10 Td (est ) Tj ET Q q 0 0 0 rg BT 129.07 178.10 Td (Polaris,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.02 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.80 178.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 184.92 178.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 219.35 178.10 Td (has ) Tj ET Q q 0 0 0 rg BT 235.46 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.67 178.10 Td (put ) Tj ET Q q 0 0 0 rg BT 258.23 178.10 Td (option ) Tj ET Q q 0 0 0 rg BT 286.56 178.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 334.31 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 344.30 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.30 178.10 Td (end ) Tj ET Q q 0 0 0 rg BT 376.51 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.62 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.61 178.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 425.38 178.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 450.37 178.10 Td (by ) Tj ET Q q 0 0 0 rg BT 463.15 178.10 Td (which ) Tj ET Q q 0 0 0 rg BT 490.36 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.36 178.10 Td (vessel ) Tj ET Q q 0 0 0 rg BT 532.57 178.10 Td (may ) Tj ET Q q 0 0 0 rg BT 552.57 178.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 69.13 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.37 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.05 166.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.40 166.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.52 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.42 166.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 179.43 166.10 Td (price ) Tj ET Q q 0 0 0 rg BT 201.88 166.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.67 166.10 Td (US$75 ) Tj ET Q q 0 0 0 rg BT 242.92 166.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.81 166.10 Td (. ) Tj ET Q q 0 0 0 rg BT 276.77 166.10 Td (For ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.13 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 300.54 166.10 Td (est ) Tj ET Q q 0 0 0 rg BT 314.11 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 318.75 166.10 Td (aurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.54 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.00 166.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.90 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 368.31 166.10 Td (est ) Tj ET Q q 0 0 0 rg BT 381.88 166.10 Td (Her) Tj ET Q q 0 0 0 rg BT 397.06 166.10 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.61 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.07 166.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 465.84 166.10 Td (options ) Tj ET Q q 0 0 0 rg BT 497.75 166.10 Td (at ) Tj ET Q q 0 0 0 rg BT 507.43 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.11 166.10 Td (end ) Tj ET Q q 0 0 0 rg BT 539.01 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 166.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 73.17 154.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 98.58 154.10 Td (have ) Tj ET Q q 0 0 0 rg BT 120.64 154.10 Td (been ) Tj ET Q q 0 0 0 rg BT 142.71 154.10 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 175.04 154.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.45 154.10 Td (US$149 ) Tj ET Q q 0 0 0 rg BT 221.42 154.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.31 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.50 154.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.13 154.10 Td (US$135 ) Tj ET Q q 0 0 0 rg BT 307.10 154.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.99 154.10 Td (, ) Tj ET Q q 0 0 0 rg BT 341.68 154.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 389.34 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 395.03 154.10 Td (For ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.11 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 419.52 154.10 Td (est ) Tj ET Q q 0 0 0 rg BT 433.82 154.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.05 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.24 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.64 154.10 Td (put ) Tj ET Q q 0 0 0 rg BT 490.61 154.10 Td (option ) Tj ET Q q 0 0 0 rg BT 519.36 154.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.21 154.10 Td (US$100 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 142.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.30 118.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.95 118.10 Td (has ) Tj ET Q q 0 0 0 rg BT 126.04 118.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 173.78 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.53 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.50 118.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 227.60 118.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 262.01 118.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 314.49 118.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.68 118.10 Td (own ) Tj ET Q q 0 0 0 rg BT 361.66 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.64 118.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 401.34 118.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.31 118.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 451.27 118.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 483.46 118.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 515.10 118.10 Td (\(VIEs\), ) Tj ET Q q 0 0 0 rg BT 547.57 118.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.77 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.76 106.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.42 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.87 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.86 106.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 183.29 106.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 231.04 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.14 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.13 106.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 278.80 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.01 106.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 330.44 106.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 373.74 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 394.30 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.29 106.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 453.72 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.83 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.82 106.10 Td (units ) Tj ET Q q 0 0 0 rg BT 502.04 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.26 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.25 106.10 Td (charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.55 94.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 139.89 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.91 94.10 Td (these ) Tj ET Q q 0 0 0 rg BT 167.79 94.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 190.85 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 205.58 94.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 226.98 94.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 280.04 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.33 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.07 94.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 352.16 94.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 405.22 94.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.72 94.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 489.76 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 507.83 94.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 549.23 94.10 Td (did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.44 82.10 Td (record ) Tj ET Q q 0 0 0 rg BT 93.65 82.10 Td (any ) Tj ET Q q 0 0 0 rg BT 110.75 82.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 134.52 82.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.63 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.51 82.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 189.72 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.71 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.60 82.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 240.21 82.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.21 82.10 Td (they ) Tj ET Q q 0 0 0 rg BT 271.09 82.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 313.19 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.63 82.10 Td (be ) Tj ET Q q 0 0 0 rg BT 335.73 82.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 371.71 82.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.71 82.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.70 82.10 Td (at ) Tj ET Q q 0 0 0 rg BT 418.58 82.10 Td (their ) Tj ET Q q 0 0 0 rg BT 439.58 82.10 Td (original ) Tj ET Q q 0 0 0 rg BT 473.34 82.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 492.12 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.56 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 82.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.31 70.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 106.64 70.10 Td (at ) Tj ET Q q 0 0 0 rg BT 116.64 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.64 70.10 Td (time ) Tj ET Q q 0 0 0 rg BT 152.19 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.30 70.10 Td (each ) Tj ET Q q 0 0 0 rg BT 184.40 70.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 233.35 70.10 Td (The ) Tj ET Q q 0 0 0 rg BT 251.68 70.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 279.45 70.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 327.77 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.33 70.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 359.45 70.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 393.89 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.44 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.24 70.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 442.57 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.02 70.10 Td (included ) Tj ET Q q 0 0 0 rg BT 489.24 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.80 70.10 Td (non-controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 86.74 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.93 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.56 58.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 161.56 58.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 215.52 58.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 255.66 58.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.08 58.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 313.59 58.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.59 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.00 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.86 58.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.49 58.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 424.99 58.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.99 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.40 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.03 58.10 Td (units ) Tj ET Q q 0 0 0 rg BT 486.90 58.10 Td (are ) Tj ET Q q 0 0 0 rg BT 502.52 58.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 539.25 58.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.94 46.10 Td (units ) Tj ET Q q 0 0 0 rg BT 103.89 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.17 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.89 46.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 175.97 46.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 209.00 46.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 232.05 46.10 Td (with ) Tj ET Q q 0 0 0 rg BT 252.32 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.04 46.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 308.41 46.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.24 46.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.66 46.10 Td (est ) Tj ET Q q 0 0 0 rg BT 340.26 46.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.00 46.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.49 46.10 Td (is ) Tj ET Q q 0 0 0 rg BT 391.66 46.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 427.48 46.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.31 46.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.24 46.10 Td (newbuilding.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.71 730.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 104.29 730.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 134.21 730.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 155.25 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 169.62 730.10 Td (set ) Tj ET Q q 0 0 0 rg BT 182.89 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 195.05 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.43 730.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 231.59 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.08 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.69 730.10 Td (Base ) Tj ET Q q 0 0 0 rg BT 270.29 730.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 302.45 730.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 334.60 730.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 355.08 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.91 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 389.38 730.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 425.97 730.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 455.88 730.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 492.75 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.35 730.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 549.81 730.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.80 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.94 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 110.87 718.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 146.65 718.10 Td (between ) Tj ET Q q 0 0 0 rg BT 182.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.14 718.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 229.62 718.10 Td (fixing ) Tj ET Q q 0 0 0 rg BT 255.98 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 276.78 718.10 Td (month ) Tj ET Q q 0 0 0 rg BT 304.81 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.73 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.42 718.10 Td (Base ) Tj ET Q q 0 0 0 rg BT 358.34 718.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 390.82 718.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 423.28 718.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 444.08 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.22 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 479.02 718.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 515.65 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 522.32 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.80 718.10 Td (summary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.49 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.87 706.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 111.45 706.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 141.36 706.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 162.40 706.10 Td (per ) Tj ET Q q 0 0 0 rg BT 177.33 706.10 Td (day ) Tj ET Q q 0 0 0 rg BT 193.93 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.75 706.10 Td (each ) Tj ET Q q 0 0 0 rg BT 228.22 706.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 245.94 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.77 706.10 Td (given ) Tj ET Q q 0 0 0 rg BT 279.14 706.10 Td (below) Tj ET Q q 0 0 0 rg BT 302.93 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 307.44 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.14 706.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 361.19 706.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 389.46 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 403.83 706.10 Td (based ) Tj ET Q q 0 0 0 rg BT 428.76 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 440.92 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.29 706.10 Td (Base ) Tj ET Q q 0 0 0 rg BT 476.89 706.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 509.05 706.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 541.20 706.10 Td (Rate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 694.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 94.97 694.10 Td (average ) Tj ET Q q 0 0 0 rg BT 128.55 694.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 149.93 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.09 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.81 694.10 Td (year) Tj ET Q q 0 0 0 rg BT 195.46 694.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.60 119.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 633.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.50 633.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 633.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 633.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 633.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 633.60 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 633.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 633.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 633.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 633.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 633.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 633.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 633.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 633.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 605.60 119.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.50 605.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 605.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 605.60 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 605.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 605.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 605.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 605.60 54.00 -14.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 652.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.10 652.28 Td (Base LIBOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.00 652.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 652.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 652.28 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 336.65 652.28 Td (\(In US$ thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 652.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 652.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 638.33 Td (Unit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.60 638.33 Td (interest rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.00 638.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 638.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.00 638.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.00 638.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 638.28 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.00 638.28 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 624.16 Td (West Polaris) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 624.17 Td (2.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 624.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 624.17 Td (176.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 624.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 624.17 Td (175.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 624.17 Td (170.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 624.17 Td (170.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 624.17 Td (164.4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 610.16 Td (West Taurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 610.17 Td (4.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 610.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 610.17 Td (339.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 610.17 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 610.17 Td (186.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 610.17 Td (165.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 610.17 Td (158.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 610.17 Td (157.5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 596.16 Td (West Hercules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 596.17 Td (4.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 596.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 596.17 Td (239.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 596.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 596.17 Td (180.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 596.17 Td (178.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 596.17 Td (170.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 596.17 Td (165.8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 582.16 Td (West Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 582.17 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 582.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 582.17 Td (85.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 582.17 Td (**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 582.17 Td (222.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 582.17 Td (222.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 582.17 Td (222.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 582.17 Td (222.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (* ) Tj ET Q q 0 0 0 rg BT 57.71 554.10 Td (For ) Tj ET Q q 0 0 0 rg BT 74.31 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 81.46 554.10 Td (period ) Tj ET Q q 0 0 0 rg BT 109.71 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.64 554.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.78 554.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 178.37 554.10 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.74 554.10 Td (W) Tj ET Q q 0 0 0 rg BT 200.15 554.10 Td (est ) Tj ET Q q 0 0 0 rg BT 213.97 554.10 Td (T) Tj ET Q q 0 0 0 rg BT 218.61 554.10 Td (aurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.39 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.10 554.10 Td (have ) Tj ET Q q 0 0 0 rg BT 265.69 554.10 Td (been ) Tj ET Q q 0 0 0 rg BT 287.27 554.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 310.53 554.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.46 554.10 Td (2.17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.29 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.99 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.14 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.07 554.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 418.20 554.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 448.66 554.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 466.36 554.10 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.73 554.10 Td (W) Tj ET Q q 0 0 0 rg BT 488.14 554.10 Td (est ) Tj ET Q q 0 0 0 rg BT 501.96 554.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.60 554.10 Td (aurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.38 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.09 554.10 Td (is ) Tj ET Q q 0 0 0 rg BT 541.47 554.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 93.04 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.87 542.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 152.47 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.75 542.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 195.25 542.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 227.18 542.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 250.88 542.10 Td (The ) Tj ET Q q 0 0 0 rg BT 268.93 542.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 291.97 542.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 322.23 542.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 339.71 542.10 Td (is ) Tj ET Q q 0 0 0 rg BT 348.88 542.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 386.35 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.63 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.35 542.10 Td (above ) Tj ET Q q 0 0 0 rg BT 437.72 542.10 Td (table.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (** ) Tj ET Q q 0 0 0 rg BT 63.90 518.10 Td (For ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.69 518.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.10 518.10 Td (est ) Tj ET Q q 0 0 0 rg BT 104.11 518.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.34 518.10 Td (, ) Tj ET Q q 0 0 0 rg BT 132.75 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.86 518.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 180.52 518.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 199.40 518.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.97 518.10 Td (US$85,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.26 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.16 518.10 Td (per ) Tj ET Q q 0 0 0 rg BT 275.83 518.10 Td (day ) Tj ET Q q 0 0 0 rg BT 294.16 518.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.50 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.62 518.10 Td (date ) Tj ET Q q 0 0 0 rg BT 354.18 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.41 518.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 403.07 518.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.41 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.53 518.10 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 480.87 518.10 Td (up ) Tj ET Q q 0 0 0 rg BT 494.77 518.10 Td (until ) Tj ET Q q 0 0 0 rg BT 517.00 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.12 518.10 Td (date ) Tj ET Q q 0 0 0 rg BT 553.67 518.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 115.81 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.64 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.35 506.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 175.52 506.10 Td (Contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 482.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 93.88 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.82 482.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 150.53 482.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.81 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.53 482.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 213.01 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.84 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.38 482.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 261.43 482.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.26 482.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.98 482.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 325.58 482.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.58 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.08 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.01 482.10 Td (as ) Tj ET Q q 0 0 0 rg BT 375.84 482.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.56 482.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 444.15 482.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.65 482.10 Td (are ) Tj ET Q q 0 0 0 rg BT 481.35 482.10 Td (as ) Tj ET Q q 0 0 0 rg BT 492.18 482.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.60 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 411.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 411.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 411.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 411.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 411.60 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 411.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 411.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 411.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 411.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 374.60 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 374.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 374.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 374.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 374.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 374.60 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 374.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 374.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 374.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 374.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 337.60 116.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 337.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 337.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 337.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 337.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 337.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 337.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 337.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 337.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 337.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.60 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 300.60 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 300.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 300.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 263.60 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 263.60 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 263.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 263.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 217.60 116.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 217.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 217.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 189.60 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 189.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 189.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 189.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 189.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 189.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 189.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 189.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 189.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 189.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 189.60 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 445.6 m 215.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 445.6 m 219.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 445.6 m 264.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 445.6 m 268.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 445.6 m 313.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 445.6 m 317.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 445.6 m 362.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 445.6 m 415.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 445.6 m 419.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 445.6 m 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379.86 Td (600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 379.86 Td (488) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 379.86 Td (515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 379.86 Td (477) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 379.86 Td (195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 365.86 Td (Amount due from related) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 356.86 Td (parties *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 365.86 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.00 365.86 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 365.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 365.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 365.86 Td (45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 365.86 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 365.86 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 365.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 342.86 Td (Other assets) Tj ET Q BT /F1 9.00 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9.00 Tf ET q 0 0 0 rg BT 545.50 329.00 Td (195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 314.86 Td (Short-term interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 305.86 Td (debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 314.86 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.00 314.86 Td (80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 314.86 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 314.86 Td (40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 314.86 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 314.86 Td (80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 314.86 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 314.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 291.86 Td (Long-term interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 282.86 Td (debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.50 291.86 Td (342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 291.86 Td (283) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 291.86 Td (276) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 291.86 Td (395) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 291.86 Td (351) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 291.86 Td (303) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 291.86 Td (333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 291.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 268.86 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.50 268.86 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.50 268.86 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 268.86 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.50 268.86 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 268.86 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.50 268.86 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 268.86 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 268.86 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 254.86 Td (Short-term debt due to related) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 245.86 Td (parties *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 254.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.00 254.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 254.86 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 254.86 Td (41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 254.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 254.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 254.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 254.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 231.86 Td (Long-term debt due to related) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 222.86 Td (parties *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.50 231.86 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 231.86 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 231.86 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 231.86 Td (125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 231.86 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 231.86 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 231.86 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 231.86 Td (195) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 209.00 Td (Total liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 198.50 209.00 Td (525) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.50 209.00 Td (513) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.50 209.00 Td (468) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.50 209.00 Td (606) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.50 209.00 Td (534) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.50 209.00 Td (534) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.50 209.00 Td (508) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 209.00 Td (197) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 195.00 Td (Equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 195.00 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.00 195.00 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 195.00 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.50 195.00 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 359.00 195.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.50 195.00 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.00 195.00 Td (24) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.50 195.00 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 195.00 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 195.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 165.86 Td (Book value of units in the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 156.86 Td (Company's consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 147.86 Td (accounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.50 165.86 Td (575) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 165.86 Td (455) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 165.86 Td (610) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 165.86 Td (561) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 165.86 Td (577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 165.86 Td (458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 165.86 Td (617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 165.86 Td (162) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (* In the ) Tj ET Q q 0 0 0 rg BT 82.87 131.10 Td (VIEs separate financial statements the related party balances are presented on a net basis. ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 742.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 84.99 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 742.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 127.76 742.25 Td (party ) Tj ET Q q 0 0 0 rg BT 153.59 742.25 Td (transactions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.73 718.25 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (As ) Tj ET Q q 0 0 0 rg BT 64.59 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 76.39 694.25 Td (January ) Tj ET Q q 0 0 0 rg BT 110.97 694.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 121.94 694.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 147.92 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.61 694.25 Td (date ) Tj ET Q q 0 0 0 rg BT 183.74 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.55 694.25 Td (deconsolidation, ) Tj ET Q q 0 0 0 rg BT 264.84 694.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 299.42 694.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 335.67 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 345.81 694.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 392.60 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.86 694.25 Td (be ) Tj ET Q q 0 0 0 rg BT 416.77 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 424.69 694.25 Td (related ) Tj ET Q q 0 0 0 rg BT 455.36 694.25 Td (party ) Tj ET Q q 0 0 0 rg BT 479.39 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.30 694.25 Td (not ) Tj ET Q q 0 0 0 rg BT 513.55 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 521.47 694.25 Td (controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.61 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.44 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.16 682.25 Td (Company) Tj ET Q q 0 0 0 rg BT 157.39 682.25 Td (. ) Tj ET Q q 0 0 0 rg BT 162.39 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.71 682.25 Td (The ) Tj ET Q q 0 0 0 rg BT 182.76 682.25 Td (following ) Tj ET Q q 0 0 0 rg BT 224.15 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.32 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.25 682.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 279.97 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.80 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.52 682.25 Td (related ) Tj ET Q q 0 0 0 rg BT 335.22 682.25 Td (party ) Tj ET Q q 0 0 0 rg BT 358.27 682.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 406.30 682.25 Td (with ) Tj ET Q q 0 0 0 rg BT 426.58 682.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 460.18 682.25 Td (Partners:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (\(a\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.16 660.25 Td (Management and administrative service agreements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.59 660.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.09 660.25 Td ( In connection with the IPO, subsidiaries of seadrill Partners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (entered into a management and administrative services agreement with seadrill Management, a wholly owned subsidiary of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 636.25 Td (, pursuant to which seadrill Management provides the seadrill Partners certain management and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 87.03 624.25 Td (The services provided by seadrill Management are char) Tj ET Q q 0 0 0 rg BT 310.37 624.25 Td (ged at cost plus management fee equal to 5% of seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 612.25 Td (s costs and expenses incurred in connection with providing these services. ) Tj ET Q q 0 0 0 rg BT 403.61 612.25 Td (The agreement has an initial term for 5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (years and can be terminated by provided 90 days written notice.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (\(b\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.72 576.25 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 576.25 Td (echnical and administrative service agreement) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 261.00 576.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.50 576.25 Td ( In connection with the IPO, subsidiaries of seadrill Partners entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (certain advisory) Tj ET Q q 0 0 0 rg BT 113.49 564.25 Td (, technical and/or administrative services agreements with subsidiaries of the Company) Tj ET Q q 0 0 0 rg BT 461.35 564.25 Td (. ) Tj ET Q q 0 0 0 rg BT 466.17 564.25 Td (The services provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.25 Td (by the Company) Tj ET Q q 0 0 0 rg BT 118.88 552.25 Td (s subsidiaries are char) Tj ET Q q 0 0 0 rg BT 206.72 552.25 Td (ged at cost plus service fee equal to approximately 5% of costs and expenses incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.25 Td (in connection with providing these services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.25 Td (Income recognized under the above agreements \(a\) & \(b\) for the period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.58 516.25 Td (March31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.18 516.25 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.61 516.25 Td ($12 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 516.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 492.25 Td (\(c\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.60 492.25 Td (Rig Financing ) Tj ET Q q 0 0 0 rg BT 126.03 492.25 Td (Agreements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.91 492.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.41 492.25 Td ( In September 2012 prior to the IPO of seadrill Partners, each of seadrill Partners controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.25 Td (subsidiaries that owns the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.54 480.25 Td (W) Tj ET Q q 0 0 0 rg BT 162.95 480.25 Td (est Capricorn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.23 480.25 Td (, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.95 480.25 Td (W) Tj ET Q q 0 0 0 rg BT 245.36 480.25 Td (est V) Tj ET Q q 0 0 0 rg BT 263.97 480.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.18 480.25 Td (, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.89 480.25 Td (W) Tj ET Q q 0 0 0 rg BT 323.31 480.25 Td (est ) Tj ET Q q 0 0 0 rg BT 336.73 480.25 Td (Aquarius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.40 480.25 Td (, and the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.06 480.25 Td (W) Tj ET Q q 0 0 0 rg BT 417.47 480.25 Td (est Capella) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.74 480.25 Td (, or the rig owning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.25 Td (subsidiaries, entered into intercompany loan agreements with the Company in the amount of approximately $523 million, $1) Tj ET Q q 0 0 0 rg BT 548.41 468.25 Td (15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.25 Td (million, $305 million and $295 million respectively) Tj ET Q q 0 0 0 rg BT 256.27 456.25 Td (, corresponding to the aggregate principal amount outstanding under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.25 Td (facilities allocable to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 150.51 444.25 Td (W) Tj ET Q q 0 0 0 rg BT 157.92 444.25 Td (est Capricorn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.20 444.25 Td (, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.92 444.25 Td (W) Tj ET Q q 0 0 0 rg BT 240.33 444.25 Td (est V) Tj ET Q q 0 0 0 rg BT 258.94 444.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 444.25 Td (, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.86 444.25 Td (W) Tj ET Q q 0 0 0 rg BT 318.28 444.25 Td (est ) Tj ET Q q 0 0 0 rg BT 331.70 444.25 Td (Aquarius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.37 444.25 Td (, and the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.03 444.25 Td (W) Tj ET Q q 0 0 0 rg BT 412.44 444.25 Td (est Capella ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.21 444.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 507.88 444.25 Td (. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.25 Td (2013, the rig owning companies of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.64 432.25 Td (T) Tj ET Q q 0 0 0 rg BT 211.46 432.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.79 432.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 229.79 432.25 Td (T) Tj ET Q q 0 0 0 rg BT 234.60 432.25 Td (-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.93 432.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 252.93 432.25 Td (W) Tj ET Q q 0 0 0 rg BT 260.35 432.25 Td (est Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.96 432.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.39 432.25 Td (W) Tj ET Q q 0 0 0 rg BT 315.81 432.25 Td (est Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.75 432.25 Td ( entered into intercompany loan agreements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.25 Td (Company in the amount of approximately $101 million, $93 million, $486 million and $220 million respectively) Tj ET Q q 0 0 0 rg BT 500.13 420.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.25 Td (corresponding to the aggregate principal amount outstanding under the facilities allocable to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.26 408.25 Td (T) Tj ET Q q 0 0 0 rg BT 441.08 408.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.41 408.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 459.41 408.25 Td (T) Tj ET Q q 0 0 0 rg BT 464.23 408.25 Td (-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.56 408.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.56 408.25 Td (W) Tj ET Q q 0 0 0 rg BT 489.98 408.25 Td (est Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.58 408.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 538.02 408.25 Td (W) Tj ET Q q 0 0 0 rg BT 545.43 408.25 Td (est ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 Td (Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.34 396.25 Td ( respectively) Tj ET Q q 0 0 0 rg BT 123.50 396.25 Td (. ) Tj ET Q q 0 0 0 rg BT 128.32 396.25 Td (The Company refers to these arrangements collectively as "Rig Financing ) Tj ET Q q 0 0 0 rg BT 425.65 396.25 Td (Agreements". Pursuant to these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.25 Td (intercompany loan agreements, each rig owning subsidiary can make payments of principal and interest to seadrill or directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.25 Td (to the third party lenders under each facility) Tj ET Q q 0 0 0 rg BT 224.56 372.25 Td (, corresponding to payments of principal and interest due under each Rig Financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.25 Td (Agreement that are allocable to each rig. In February 2014, subsidiaries of seadrill Partners entered into a new term loan in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.25 Td (which the proceeds were used to repay the amounts owed to the Company related to the drilling units ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.67 348.25 Td (W) Tj ET Q q 0 0 0 rg BT 465.08 348.25 Td (est Capella) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.36 348.25 Td (,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 512.86 348.25 Td ( W) Tj ET Q q 0 0 0 rg BT 522.77 348.25 Td (est ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 336.25 Td (Aquarius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.67 336.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.67 336.25 Td (W) Tj ET Q q 0 0 0 rg BT 99.08 336.25 Td (est Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.03 336.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.47 336.25 Td (W) Tj ET Q q 0 0 0 rg BT 162.88 336.25 Td (est Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.49 336.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 312.25 Td (otal amounts owed under the Rig Financing ) Tj ET Q q 0 0 0 rg BT 232.33 312.25 Td (Agreements as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.80 312.25 Td (March31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.40 312.25 Td (, relating to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.44 312.25 Td (W) Tj ET Q q 0 0 0 rg BT 438.85 312.25 Td (est Capricorn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.13 312.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 499.13 312.25 Td (W) Tj ET Q q 0 0 0 rg BT 506.54 312.25 Td (est V) Tj ET Q q 0 0 0 rg BT 525.15 312.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.36 312.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.82 300.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.15 300.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.59 300.25 Td (T) Tj ET Q q 0 0 0 rg BT 92.41 300.25 Td (-16,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.24 300.25 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.45 300.25 Td ($691 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.84 300.25 Td (. ) Tj ET Q q 0 0 0 rg BT 199.16 300.25 Td (The Rig Financing ) Tj ET Q q 0 0 0 rg BT 276.10 300.25 Td (Agreements related to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.61 300.25 Td (W) Tj ET Q q 0 0 0 rg BT 389.02 300.25 Td (est ) Tj ET Q q 0 0 0 rg BT 402.45 300.25 Td (Aquarius, W) Tj ET Q q 0 0 0 rg BT 451.53 300.25 Td (est Capella, W) Tj ET Q q 0 0 0 rg BT 509.22 300.25 Td (est Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.83 300.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 288.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.41 288.25 Td (est Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.36 288.25 Td (, were repaid in February 2014, in conjunction with seadrill Partners obtaining independent third party financing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.25 Td (The total outstanding principal repaid was $1.1 billion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.25 Td (Interest income for the period ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.06 252.25 Td (March31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.66 252.25 Td ( for these arrangements was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.78 252.25 Td ($1) Tj ET Q q 0 0 0 rg BT 388.41 252.25 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.80 252.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.25 Td (\(d\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.72 228.25 Td (Revolving credit facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.47 228.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.97 228.25 Td ( In October 2012 the seadrill Partners entered into a $300 million revolving credit facility with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 102.95 216.25 Td (. ) Tj ET Q q 0 0 0 rg BT 107.77 216.25 Td (The facility is for a term of five years and bears interest at a rate of LIBOR plus 5% per annum, with an annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.25 Td (2% commitment fee on the undrawn balance. In February 2014 the facility was reduced to a maximum of $100 million. ) Tj ET Q q 0 0 0 rg BT 535.80 204.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.25 Td (outstanding balance as at March 31, 2014 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.89 192.25 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.45 192.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 168.25 Td (\(e\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.60 168.25 Td ($109.5 million V) Tj ET Q q 0 0 0 rg BT 131.11 168.25 Td (endor financing loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.35 168.25 Td ( - In May) Tj ET Q q 0 0 0 rg BT 255.20 168.25 Td (, 2013, the seadrill Partners borrowed from the Company $109.5 million as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.25 Td (vendor financing to fund the acquisition of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.29 156.25 Td (T) Tj ET Q q 0 0 0 rg BT 243.11 156.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.44 156.25 Td (. ) Tj ET Q q 0 0 0 rg BT 261.25 156.25 Td (The loan bears interest at a rate of LIBOR plus a mar) Tj ET Q q 0 0 0 rg BT 473.50 156.25 Td (gin of 5.00% and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.25 Td (matures in May 2016. ) Tj ET Q q 0 0 0 rg BT 140.08 144.25 Td (The outstanding balance as at March 31, 2014 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.02 144.25 Td ($109.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.92 144.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 120.25 Td (\(f\) $229.9 million discount note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.73 120.25 Td ( - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.06 120.25 Td (On December 13, 2013, as part of the acquisition of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.72 120.25 Td (W) Tj ET Q q 0 0 0 rg BT 420.13 120.25 Td (est Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.08 120.25 Td (, a subsidiary of seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.25 Td (Partners issued a zero coupon discount note to the Company for $229.9 million. ) Tj ET Q q 0 0 0 rg BT 371.71 108.25 Td (The note was repayable in June 2015 and upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 83.23 96.25 Td (, the Company was due to receive $238.5 million. In February 2014, seadrill Partners repaid this note in full.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 72.25 Td (\(g\) $70 million discount note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 168.90 72.25 Td ( - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.23 72.25 Td (In December 2013, as part of the acquisition of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.00 72.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.41 72.25 Td (est Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.36 72.25 Td (, seadrill Partners issued a zero ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.25 Td (coupon discount note to the Company for $70 million. ) Tj ET Q q 0 0 0 rg BT 269.79 60.25 Td (The note was repayable in June 2015 and upon maturity) Tj ET Q q 0 0 0 rg BT 493.25 60.25 Td (, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.25 Td (was due to receive $73 million. In February 2014, seadrill Partners repaid this note in full.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-31) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\(h\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.22 730.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.72 730.10 Td ($100 million discount note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.46 730.10 Td ( - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.79 730.10 Td (In March 2014, as part of the acquisition of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.57 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 380.99 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 394.41 730.10 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.19 730.10 Td (, seadrill Partners issued a zero ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (coupon discount note to the Company for $100.0 million. ) Tj ET Q q 0 0 0 rg BT 282.29 718.10 Td (The note is repayable in September 2015 and upon maturity) Tj ET Q q 0 0 0 rg BT 521.30 718.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Company will receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.81 706.10 Td ($104 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.20 706.10 Td (. Refer to Note 9.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (\(i\) Other revenues and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.21 682.10 Td ( - Other revenues and expenses include operating revenues and costs earned and incurred for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (certain drilling units on behalf of subsidiaries of seadrill Partners, insurance premiums and bareboat charter arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Other revenues and expenses earned and incurred for the period ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.38 658.10 Td (March31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.98 658.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.41 658.10 Td ($26 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.24 658.10 Td ($34 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.63 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 646.10 Td (. Derivatives and other interest expenses char) Tj ET Q q 0 0 0 rg BT 278.80 646.10 Td (ged to seadrill Partners totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.10 646.10 Td ($24 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.49 646.10 Td ( for the period ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (March31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.60 634.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (\(j\) Receivables and Payables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 167.47 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.47 610.10 Td (Receivables and payables with seadrill Partners and its subsidiaries are comprised of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (management fees, advisory and administrative services, and other items including accrued interest. In addition, certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (receivables and payables arise when the Company pays an invoice on behalf of seadrill Partners or its subsidiaries and vice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (versa. Receivables and payables are generally settled quarterly in arrears. ) Tj ET Q q 0 0 0 rg BT 345.23 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 350.99 574.10 Td (rading balances to seadrill Partners and its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (subsidiaries are unsecured, bear an interest at a rate equal to LIBOR plus approximately 4% per annum, and are intended to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (settled in the ordinary course of business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Receivables \(payables\) with seadrill Partners and its subsidiaries as of March 31, 2014 consisted of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 490.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 490.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 490.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 460.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 460.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 430.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 430.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 430.60 70.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 505.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 495.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 495.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 495.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.30 505.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.00 495.28 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 480.27 Td (Rig financing agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 480.27 Td (691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 465.27 Td ($109.5 million Vendor financing loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 465.27 Td (110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 450.27 Td ($100 million discount note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 450.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 435.27 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 435.27 Td (615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 420.27 Td (Other payables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 420.32 Td (\(511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 420.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-32) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 71.40 742.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 108.35 742.25 Td (International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 718.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.67 718.25 Td (have ) Tj ET Q q 0 0 0 rg BT 87.13 718.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 119.15 718.25 Td (into ) Tj ET Q q 0 0 0 rg BT 137.29 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 144.32 718.25 Td (number ) Tj ET Q q 0 0 0 rg BT 177.46 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.37 718.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 206.51 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.54 718.25 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 264.99 718.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 303.67 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 317.92 718.25 Td (several ) Tj ET Q q 0 0 0 rg BT 348.83 718.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 380.86 718.25 Td (units ) Tj ET Q q 0 0 0 rg BT 402.90 718.25 Td (with ) Tj ET Q q 0 0 0 rg BT 423.27 718.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 444.19 718.25 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 480.94 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.97 718.25 Td (company ) Tj ET Q q 0 0 0 rg BT 527.21 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 537.58 718.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.87 706.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 105.95 706.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 160.03 706.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 192.45 706.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 228.76 706.25 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 246.19 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.17 706.25 Td (Farahead ) Tj ET Q q 0 0 0 rg BT 304.36 706.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 356.22 706.25 Td (Inc ) Tj ET Q q 0 0 0 rg BT 372.53 706.25 Td (\(hereafter ) Tj ET Q q 0 0 0 rg BT 414.92 706.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 444.58 706.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 479.75 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.07 706.25 Td (as ) Tj ET Q q 0 0 0 rg BT 502.94 706.25 Td (Hemen\) ) Tj ET Q q 0 0 0 rg BT 547.56 706.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 94.51 694.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 137.34 694.25 Td (with ) Tj ET Q q 0 0 0 rg BT 156.87 694.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 187.49 694.25 Td (have ) Tj ET Q q 0 0 0 rg BT 208.11 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 214.29 694.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 258.24 694.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 291.79 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 309.08 694.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 335.82 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.89 694.25 Td (Hemen ) Tj ET Q q 0 0 0 rg BT 376.51 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 390.46 694.25 Td (held ) Tj ET Q q 0 0 0 rg BT 409.42 694.25 Td (by ) Tj ET Q q 0 0 0 rg BT 421.16 694.25 Td (trusts ) Tj ET Q q 0 0 0 rg BT 444.58 694.25 Td (established ) Tj ET Q q 0 0 0 rg BT 490.75 694.25 Td (by ) Tj ET Q q 0 0 0 rg BT 502.50 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 694.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 694.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (President ) Tj ET Q q 0 0 0 rg BT 89.82 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.86 682.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 148.89 682.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 160.56 682.25 Td (. ) Tj ET Q q 0 0 0 rg BT 165.67 682.25 Td (John ) Tj ET Q q 0 0 0 rg BT 187.16 682.25 Td (Fredriksen ) Tj ET Q q 0 0 0 rg BT 232.53 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 246.79 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.61 682.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 291.97 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.91 682.25 Td (his ) Tj ET Q q 0 0 0 rg BT 317.18 682.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 361.99 682.25 Td (family) Tj ET Q q 0 0 0 rg BT 387.44 682.25 Td (.) Tj ET Q q 0 0 0 rg BT 392.26 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 400.90 682.25 Td (e ) Tj ET Q q 0 0 0 rg BT 407.94 682.25 Td (have ) Tj ET Q q 0 0 0 rg BT 429.42 682.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 477.00 682.25 Td (that ) Tj ET Q q 0 0 0 rg BT 494.59 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.41 682.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 530.35 682.25 Td (Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 102.62 670.25 Td (which ) Tj ET Q q 0 0 0 rg BT 129.96 670.25 Td (own ) Tj ET Q q 0 0 0 rg BT 150.08 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.20 670.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 190.04 670.25 Td (are ) Tj ET Q q 0 0 0 rg BT 205.15 670.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 240.25 670.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 272.59 670.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 304.37 670.25 Td (\(VIEs\), ) Tj ET Q q 0 0 0 rg BT 336.98 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.32 670.25 Td (that ) Tj ET Q q 0 0 0 rg BT 372.22 670.25 Td (we ) Tj ET Q q 0 0 0 rg BT 386.78 670.25 Td (are ) Tj ET Q q 0 0 0 rg BT 401.88 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.00 670.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 451.56 670.25 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 499.43 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.66 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.78 670.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 547.57 670.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (rewards ) Tj ET Q q 0 0 0 rg BT 84.95 658.25 Td (connected ) Tj ET Q q 0 0 0 rg BT 128.78 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 149.85 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.37 658.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 210.32 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.95 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.47 658.25 Td (units ) Tj ET Q q 0 0 0 rg BT 260.21 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.95 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.46 658.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 324.51 658.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 365.68 658.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 415.01 658.25 Td (, ) Tj ET Q q 0 0 0 rg BT 420.81 658.25 Td (these ) Tj ET Q q 0 0 0 rg BT 444.42 658.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 468.26 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 483.77 658.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 537.61 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 658.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.26 646.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 136.25 646.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 158.40 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.45 646.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 192.17 646.25 Td (17 ) Tj ET Q q 0 0 0 rg BT 205.21 646.25 Td (V) Tj ET Q q 0 0 0 rg BT 211.33 646.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 241.81 646.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 275.07 646.25 Td (Entities ) Tj ET Q q 0 0 0 rg BT 308.90 646.25 Td (\(VIEs\). ) Tj ET Q q 0 0 0 rg BT 341.66 646.25 Td (The ) Tj ET Q q 0 0 0 rg BT 360.48 646.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 388.75 646.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 437.57 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.63 646.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 470.25 646.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 505.18 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.24 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.50 646.25 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 555.33 646.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.21 634.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 161.92 634.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 197.75 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.03 634.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.86 634.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 276.90 634.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 314.38 634.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.59 610.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.06 610.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.05 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.31 610.25 Td (month ) Tj ET Q q 0 0 0 rg BT 125.12 610.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 156.82 610.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.95 610.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 226.31 610.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.31 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.57 610.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.27 610.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.27 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 290.02 610.25 Td (we ) Tj ET Q q 0 0 0 rg BT 303.94 610.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 339.52 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.99 610.25 Td (following ) Tj ET Q q 0 0 0 rg BT 395.14 610.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 417.38 610.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 439.64 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 451.90 610.25 Td (units ) Tj ET Q q 0 0 0 rg BT 473.60 610.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 500.85 610.25 Td (back ) Tj ET Q q 0 0 0 rg BT 521.98 610.25 Td (from ) Tj ET Q q 0 0 0 rg BT 543.68 610.25 Td (Ship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 84.16 598.25 Td (subsidiaries:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 538.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 538.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 538.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 538.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 538.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 538.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 510.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 510.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 510.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 510.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 510.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 510.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 482.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 482.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 482.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 482.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 482.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 482.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 482.75 m 438.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 468.75 m 438.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 482.75 m 442.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 468.75 m 442.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 482.75 m 446.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 468.75 m 446.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 482.75 m 502.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 468.75 m 502.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 482.75 m 506.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 468.75 m 506.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 482.75 m 562.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 468.75 m 562.5 468.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 557.46 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 566.48 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.90 556.48 Td (March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 543.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 543.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 529.32 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 529.32 Td (est ) Tj ET Q q 0 0 0 rg BT 75.25 529.32 Td (Polaris) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 529.32 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 529.32 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.32 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 515.32 Td (est ) Tj ET Q q 0 0 0 rg BT 75.25 515.32 Td (Hercules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 515.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 515.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.32 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 501.32 Td (est ) Tj ET Q q 0 0 0 rg BT 75.16 501.32 Td (T) Tj ET Q q 0 0 0 rg BT 80.82 501.32 Td (aurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 501.32 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 501.32 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.32 Td (W) Tj ET Q q 0 0 0 rg BT 61.64 487.32 Td (est ) Tj ET Q q 0 0 0 rg BT 75.25 487.32 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 487.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 487.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 473.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 473.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 473.43 Td (64) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 473.43 Td (65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (These ) Tj ET Q q 0 0 0 rg BT 76.38 445.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 98.86 445.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.36 445.25 Td (are ) Tj ET Q q 0 0 0 rg BT 136.07 445.25 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 180.78 445.25 Td (on ) Tj ET Q q 0 0 0 rg BT 193.28 445.25 Td (consolidation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (Metrogas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (On December 10, 2013, the US$1,121 million facility with Lloyds Bank ) Tj ET Q q 0 0 0 rg BT 342.00 385.25 Td (TSB as agent was transferred to DNB Bank ) Tj ET Q q 0 0 0 rg BT 518.63 385.25 Td (ASA) Tj ET Q q 0 0 0 rg BT 538.09 385.25 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (new agent and to Metrogas Holdings Inc, a related party) Tj ET Q q 0 0 0 rg BT 274.28 373.25 Td (, as new lender) Tj ET Q q 0 0 0 rg BT 333.70 373.25 Td (. ) Tj ET Q q 0 0 0 rg BT 338.52 373.25 Td (There have been no other changes to the facility) Tj ET Q q 0 0 0 rg BT 532.51 373.25 Td (. ) Tj ET Q q 0 0 0 rg BT 539.46 373.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (Metrogas is a related party of the Company) Tj ET Q q 0 0 0 rg BT 222.91 361.25 Td (, the proportion of the facility related to Metrogas has accordingly been reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (as debt due to related parties on the balance sheet. ) Tj ET Q q 0 0 0 rg BT 252.24 349.25 Td (The outstanding balance as of March 31, 2014 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.29 349.25 Td (US$391 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.47 349.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (Archer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (On February 8, 2013, in conjunction with the private placement of ) Tj ET Q q 0 0 0 rg BT 317.44 289.25 Td (Archer seadrill provided a guarantee to ) Tj ET Q q 0 0 0 rg BT 477.37 289.25 Td (Archer on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (payment obligations on a certain financing arrangements. ) Tj ET Q q 0 0 0 rg BT 281.96 277.25 Td (The maximum liability to seadrill is limited to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.83 277.25 Td (US$100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 277.25 Td ( with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (a guarantee fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.84 265.25 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.67 265.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (On July 31, 2013, we provided ) Tj ET Q q 0 0 0 rg BT 175.55 241.25 Td (Archer with an additional guarantee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.71 241.25 Td (US$100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.88 241.25 Td (, which was provided as part of ) Tj ET Q q 0 0 0 rg BT 524.07 241.25 Td (Archer) Tj ET Q q 0 0 0 rg BT 552.20 241.25 Td () Tj ET Q q 0 0 0 rg BT 554.98 241.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (divestiture of a division, to support ) Tj ET Q q 0 0 0 rg BT 191.93 229.25 Td (Archer's existing bank facilities. ) Tj ET Q q 0 0 0 rg BT 323.24 229.25 Td (The guarantee fee is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.52 229.25 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.35 229.25 Td ( per annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (On December 31, 2013, we provided ) Tj ET Q q 0 0 0 rg BT 199.96 205.25 Td (Archer ) Tj ET Q q 0 0 0 rg BT 230.04 205.25 Td (T) Tj ET Q q 0 0 0 rg BT 235.45 205.25 Td (opaz Limited, a wholly owned subsidiary of ) Tj ET Q q 0 0 0 rg BT 413.75 205.25 Td (Archer) Tj ET Q q 0 0 0 rg BT 441.11 205.25 Td (, with a guarantee of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (maximum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.88 193.25 Td ( 56 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.77 193.25 Td (, to support ) Tj ET Q q 0 0 0 rg BT 200.00 193.25 Td (Archer's credit facilities. ) Tj ET Q q 0 0 0 rg BT 300.46 193.25 Td (The guarantee fee is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.75 193.25 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.58 193.25 Td ( per annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (The guarantee fees are being amortized and are included in Other financial items in our Statement of Operations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (Frontline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 89.33 121.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 126.44 121.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 156.32 121.25 Td (management ) Tj ET Q q 0 0 0 rg BT 210.07 121.25 Td (support ) Tj ET Q q 0 0 0 rg BT 242.74 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.85 121.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 319.73 121.25 Td (services ) Tj ET Q q 0 0 0 rg BT 354.61 121.25 Td (for ) Tj ET Q q 0 0 0 rg BT 368.94 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.82 121.25 Td (Company) Tj ET Q q 0 0 0 rg BT 422.06 121.25 Td (, ) Tj ET Q q 0 0 0 rg BT 427.23 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.34 121.25 Td (char) Tj ET Q q 0 0 0 rg BT 461.37 121.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 478.47 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.36 121.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.92 121.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 553.69 121.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (US$0.9 ) Tj ET Q q 0 0 0 rg BT 82.06 109.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.96 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.74 109.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.96 109.25 Td (US$0.3 ) Tj ET Q q 0 0 0 rg BT 161.02 109.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.91 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 191.69 109.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.14 109.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.13 109.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.12 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.90 109.25 Td (months ) Tj ET Q q 0 0 0 rg BT 272.13 109.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.79 109.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 340.67 109.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.67 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.45 109.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.67 109.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.67 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.45 109.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 448.11 109.25 Td (. ) Tj ET Q q 0 0 0 rg BT 452.26 109.25 Td (These ) Tj ET Q q 0 0 0 rg BT 477.92 109.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 513.59 109.25 Td (are ) Tj ET Q q 0 0 0 rg BT 527.58 109.25 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 97.25 Td ("General ) Tj ET Q q 0 0 0 rg BT 98.51 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.44 97.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 175.15 97.25 Td (expenses".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td () Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 742.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 84.99 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 742.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 155.53 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.16 742.25 Td (contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 718.25 Td (chase ) Tj ET Q q 0 0 0 rg BT 91.76 718.25 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.28 694.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 109.65 694.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.65 694.25 Td (, ) Tj ET Q q 0 0 0 rg BT 136.43 694.25 Td (we ) Tj ET Q q 0 0 0 rg BT 152.36 694.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.08 694.25 Td (twenty-three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.61 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.88 694.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 274.58 694.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 333.29 694.25 Td (under ) Tj ET Q q 0 0 0 rg BT 360.34 694.25 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 414.61 694.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 457.17 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 476.99 694.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 517.36 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 533.85 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.78 694.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 102.36 682.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.61 682.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.27 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 133.20 682.25 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 206.66 682.25 Td (rigs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.08 682.25 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.08 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.00 682.25 Td (drillships ) Tj ET Q q 0 0 0 rg BT 290.15 682.25 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.02 682.25 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.11 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.03 682.25 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 371.94 682.25 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 392.16 682.25 Td (The ) Tj ET Q q 0 0 0 rg BT 410.63 682.25 Td (units ) Tj ET Q q 0 0 0 rg BT 433.00 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 448.13 682.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 491.04 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.74 682.25 Td (be ) Tj ET Q q 0 0 0 rg BT 514.10 682.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 554.23 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 564.51 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 670.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.79 670.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.79 670.25 Td (, ) Tj ET Q q 0 0 0 rg BT 97.58 670.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.31 670.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.31 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 136.82 670.25 Td (As ) Tj ET Q q 0 0 0 rg BT 149.22 670.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.85 670.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 201.24 670.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.24 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.53 670.25 Td (we ) Tj ET Q q 0 0 0 rg BT 235.48 670.25 Td (have ) Tj ET Q q 0 0 0 rg BT 255.65 670.25 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.16 670.25 Td ($2,793 ) Tj ET Q q 0 0 0 rg BT 302.95 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.84 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.13 670.25 Td (related ) Tj ET Q q 0 0 0 rg BT 361.62 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.69 670.25 Td (these ) Tj ET Q q 0 0 0 rg BT 392.53 670.25 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 411.32 670.25 Td (including ) Tj ET Q q 0 0 0 rg BT 450.39 670.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 490.01 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.08 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.58 670.25 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (yards ) Tj ET Q q 0 0 0 rg BT 74.07 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.91 658.25 Td (other ) Tj ET Q q 0 0 0 rg BT 113.86 658.25 Td (payments, ) Tj ET Q q 0 0 0 rg BT 157.10 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.94 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 188.55 658.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 233.73 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.91 658.25 Td (make ) Tj ET Q q 0 0 0 rg BT 267.97 658.25 Td (further ) Tj ET Q q 0 0 0 rg BT 297.59 658.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 338.32 658.25 Td (amounting ) Tj ET Q q 0 0 0 rg BT 383.50 658.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.68 658.25 Td (US$7,079 ) Tj ET Q q 0 0 0 rg BT 436.37 658.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.26 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 470.00 658.25 Td (These ) Tj ET Q q 0 0 0 rg BT 496.28 658.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 532.57 658.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 84.70 646.25 Td (variation ) Tj ET Q q 0 0 0 rg BT 122.74 646.25 Td (orders, ) Tj ET Q q 0 0 0 rg BT 152.73 646.25 Td (spares, ) Tj ET Q q 0 0 0 rg BT 182.72 646.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 216.31 646.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.24 646.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 285.45 646.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 337.38 646.25 Td (supervision ) Tj ET Q q 0 0 0 rg BT 385.99 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.93 646.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 443.19 646.25 Td (preparation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 622.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 104.43 622.25 Td (schedule ) Tj ET Q q 0 0 0 rg BT 141.91 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 156.07 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.79 622.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 213.83 622.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 254.66 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 263.83 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 274.66 622.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.75 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 575.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.75 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 545.75 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 530.75 m 472.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 516.75 m 472.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 530.75 m 562.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 516.75 m 562.5 516.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 580.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 580.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 580.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.85 590.43 Td (As of March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 580.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 565.42 Td (2,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 550.42 Td (3,635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 535.42 Td (612) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 521.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 521.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 521.43 Td (7,079) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 76.39 493.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 86.75 493.25 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (From ) Tj ET Q q 0 0 0 rg BT 74.36 469.25 Td (time ) Tj ET Q q 0 0 0 rg BT 94.81 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.28 469.25 Td (time ) Tj ET Q q 0 0 0 rg BT 125.74 469.25 Td (we ) Tj ET Q q 0 0 0 rg BT 140.08 469.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.98 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 162.10 469.25 Td (party) Tj ET Q q 0 0 0 rg BT 182.00 469.25 Td (, ) Tj ET Q q 0 0 0 rg BT 187.18 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 198.20 469.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 226.90 469.25 Td (f ) Tj ET Q q 0 0 0 rg BT 232.92 469.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.93 469.25 Td (defendant, ) Tj ET Q q 0 0 0 rg BT 288.54 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.00 469.25 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 334.47 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.93 469.25 Td (various ) Tj ET Q q 0 0 0 rg BT 377.06 469.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 429.18 469.25 Td (for ) Tj ET Q q 0 0 0 rg BT 443.53 469.25 Td (demurrage, ) Tj ET Q q 0 0 0 rg BT 491.47 469.25 Td (damages, ) Tj ET Q q 0 0 0 rg BT 531.64 469.25 Td (of) Tj ET Q q 0 0 0 rg BT 539.79 469.25 Td (f-hire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.02 457.25 Td (other ) Tj ET Q q 0 0 0 rg BT 90.15 457.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 118.84 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.86 457.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 185.64 457.25 Td (disputes ) Tj ET Q q 0 0 0 rg BT 221.00 457.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 250.80 457.25 Td (from ) Tj ET Q q 0 0 0 rg BT 272.82 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.62 457.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 339.64 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 350.55 457.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 390.90 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.81 457.25 Td (our ) Tj ET Q q 0 0 0 rg BT 417.72 457.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 449.75 457.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 474.28 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.64 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.44 457.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 535.90 457.25 Td (course ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.41 445.25 Td (business ) Tj ET Q q 0 0 0 rg BT 96.38 445.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.78 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.64 445.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 162.59 445.25 Td (with ) Tj ET Q q 0 0 0 rg BT 182.45 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 197.85 445.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 243.81 445.25 Td (or ) Tj ET Q q 0 0 0 rg BT 254.22 445.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 289.08 445.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 332.10 445.25 Td (W) Tj ET Q q 0 0 0 rg BT 340.74 445.25 Td (e ) Tj ET Q q 0 0 0 rg BT 347.26 445.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 378.21 445.25 Td (that ) Tj ET Q q 0 0 0 rg BT 395.28 445.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.57 445.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 451.65 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.05 445.25 Td (such ) Tj ET Q q 0 0 0 rg BT 482.46 445.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 510.64 445.25 Td (will ) Tj ET Q q 0 0 0 rg BT 528.28 445.25 Td (not ) Tj ET Q q 0 0 0 rg BT 543.13 445.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.20 433.25 Td (material ) Tj ET Q q 0 0 0 rg BT 92.72 433.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 122.69 433.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 173.78 433.25 Td (or ) Tj ET Q q 0 0 0 rg BT 184.88 433.25 Td (in ) Tj ET Q q 0 0 0 rg BT 195.42 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.39 433.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 252.02 433.25 Td (on ) Tj ET Q q 0 0 0 rg BT 264.78 433.25 Td (our ) Tj ET Q q 0 0 0 rg BT 280.87 433.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 325.29 433.25 Td (or ) Tj ET Q q 0 0 0 rg BT 336.38 433.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.12 433.25 Td (condition. ) Tj ET Q q 0 0 0 rg BT 417.15 433.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 435.47 433.25 Td (best ) Tj ET Q q 0 0 0 rg BT 454.34 433.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 490.42 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.51 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.49 433.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 553.68 433.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 421.25 Td (various ) Tj ET Q q 0 0 0 rg BT 96.66 421.25 Td (disputes ) Tj ET Q q 0 0 0 rg BT 131.93 421.25 Td (has ) Tj ET Q q 0 0 0 rg BT 147.76 421.25 Td (been ) Tj ET Q q 0 0 0 rg BT 169.14 421.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 206.61 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.89 421.25 Td (our ) Tj ET Q q 0 0 0 rg BT 232.72 421.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.20 421.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 314.91 421.25 Td (as ) Tj ET Q q 0 0 0 rg BT 325.74 421.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.57 421.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 380.17 421.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.17 421.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 385.25 Td (20 ) Tj ET Q q 0 0 0 rg BT 84.99 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 385.25 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 144.46 385.25 Td (Events) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 359.9169921875 m 232.2021484375 359.9169921875 l s q 0 0 0 rg BT 50.00 361.25 Td (Sale of partial investment in Sapura Kencana) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 349.25 Td (April 9, 2014, we sold 230 million shares of SapuraKencana raising approximately $300 million in proceeds. Following the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (completion of this transaction the Company will continue to own approximately 490 million shares, representing an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (approximate 8% ownership stake in SapuraKencana.) 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