SETTLEMENT AGREEMENT IN RELATION TO COMMISSION INCOME DISPUTESettlement Agreement • February 11th, 2014
Contract Type FiledFebruary 11th, 2014The Board of Directors (the “Board”) of SBI Offshore Limited (“SBI Offshore” or the “Company” together with its subsidiaries, the “Group”) refers to the Company’s announcements, dated 15 September 2011, 4 September 2012, 15 August 2013 and 2 November 2013 (“Announcements”), in relation to the commission income dispute with Aker MH AS (“Aker MH”) to whom the Company had rendered assistance in securing a substantial order for certain offshore equipment.