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Siem Industries Group Companies

 

Registered office:

Siem Industries Inc.

c/o Maples and Calder

South Church Street

George Town, Grand Cayman

Cayman Islands

 

Executive Office:

Siem Industries Inc.

George Town, Grand Cayman

Cayman Islands

Telephone: + 1 345 949 1030

Telefax: + 1 345 946 3342

E-mail: mailbox@siem.co.uk 

United Kingdom:

Siem Capital UK Ltd.

3rd Floor, 30 Charles II Street

London SW1Y 4AE

Registered: United Kingdom

Company No: 81307

Telephone: +44 20 7747 0545

Telefax: +44 20 7747 0549

 

Norway:

Siem Kapital AS

Jerpefaret 12, Voksenlia

N-0788 Oslo, Norway

Telephone: +47 23 22 05 00

Telefax: +47 23 22 04 00

 

Sweden:

Siem Industrikapital AB

Birger Jarlsgatan 2, 5th Floor

SE-111 84 Stockholm

Sweden

Telephone: +46 8 505 65 210

Telefax: +46 8 505 65 219

The Siem Industries Group

Siem Industries Inc. is a diversified industrial group with its main areas of activity within the oil and gas service industry and the ocean shipping industry. The company's main subsidiaries and investments include Subsea 7 Inc. (45% ownership), Siem Offshore Inc.(34%), STAR Reefers Inc. (73%), Siem Car Carriers Inc. (100%), Partner Shipping AS (50%), Siem Capital AB (64%), Siem Investments Inc. (100%), Deusa International GmbH (49%) and Deep Seas Insurance Limited (51%). At the end of 2009, the Group had 115 vessels and 6,700 employees, including seafarers.

For the second quarter ended 30 June 2010, the Company reported consolidated net income of USD11.2 million, or USD0.73 per share. For the six months ended 30 June 2010, the Company reported consolidated net income of USD21.0 million, or USD1.37 per share. At 30 June 2010, shareholders' equity was USD1.26 billion.

For the first quarter ended 31 March 2010, the Company reported consolidated net income of USD9.8 million, or USD0.64 per share.

For the year ended 31 December 2009, the Company reported consolidated net income of USD131.0 million, or USD8.53 per share, and shareholders' equity of USD1.16 billion. For the fourth quarter ended 31 December 2009, the Company reported consolidated net income of USD7.6 million, or USD0.50 per share.