To the bondholders (the “Bondholders”) in the following loan agreements (the "Loan Agreements"):January 12th, 2015
FiledJanuary 12th, 2015ISIN NO 001035307.1 11% Thule Drilling ASA Senior Secured Note Issue 2007/2008 (the "Phoenix Note Issue" and, together with the First Bond Issue, the "Bonds").