Regulation 2

to the respective non-resident persons mentioned in the first column of the following table;

in respect of the respective amounts mentioned in the second column of the table that are used for the purposes of financing the acquisition of the respective vessels mentioned in the third column of the table;

under the respective agreements mentioned in the fourth column of the table; and

that is due and payable during the respective periods mentioned in the fifth column of the table,is exempt from tax:First column Second columnThird column Fourth columnFifth columnNon-resident personAmount (US$)VesselAgreementPeriod (both dates inclusive)hsh portfoliomanagement AöR17,000,000“M.V. Prabhu Lal” and “M.V. Prabhu Mihikaa”Loan agreement dated 28 March 20195 July 2019 to 30 November 2023Tolani Shipping Co. Ltd9,000,000“M.V. Prabhu Lal”Memorandum of agreement dated 18 March 20198 April 2019 to 25 April 2019Tolani Shipping Co. Ltd9,750,000“M.V. Prabhu Mihikaa”Memorandum of agreement dated 18 March 201912 April 2019 to 30 April 2019