The Board

Kristian Siem (Chairman) has been a Director of the Company since 1982. He is also Chairman of Subsea 7 S.A., Siem Shipping Inc. (d/b/a  STAR Reefers Inc.) and Siem Capital AB and a director of Siem Offshore Inc., Flensburger Schiffbau-Gesellschaft mbH & Co. KG,  North Atlantic Smaller Companies Investment Trust PLC and Frupor S.A. Mr. Siem is a Norwegian citizen.

M.D. Moross has been a Director of the Company since 1995 and is currently a private investor. He was chairman and CEO of the Schlesinger Organisation based in Johannesburg until 1974 when he joined the board of Rand Selection Group, the controlling shareholder of Anglo American Corporation. In 1976 he formed AIM Management Group Inc., today one of the largest players in the US Mutual Fund Industry. He further founded Whitehall Financial Group in 1982 which today holds several strategic investment positions within the US banking and life insurance industry. He is a South African citizen.

Barry W Ridings has been a Director of the Company since 1993. He is a managing director of Lazard Freres & Co and a director of New Valley Corporation. He is a US citizen.

Ivar Siem was appointed a Director in May 2007 and previously served as a Director of the Company from 1992 to 1998. He is CEO and chairman of the board of directors of Blue Dolphin Energy Company and Drillmar, Inc. He is a brother of Kristian Siem and is a Norwegian citizen.