Solus Alternative Asset Management LP ("Solus") is acting in the capacity as discretionary investment manager to certain investment funds and/or accounts advised by Solus, including, without limitation,Sola Ltd ,Ultra Master Ltd ,Solus Opportunities Fund 5 LP,Ultra NB LLC andSolus Long-Term Opportunities Fund Master LP (the "Solus Funds"). As part of structuring related to the Solus Funds,Sola Ltd will have 1,747,653 less beneficial shareholdings inTeam Tankers International Ltd. ("Team Tankers " or the "Company") andSolus Long-Term Opportunities Fund Master LP will have, directly or indirectly either itself or through a wholly owned subsidiary, 1,747,653 beneficial shareholdings inTeam Tankers . The aggregate holding of the Solus Funds remains unchanged at 62,576,052 shares in the Company, equaling 29.86% of the shares and votes in the Company, allocated with 39,834,460 shares toSola Ltd , 6,118,377 shares toSolus Opportunities Fund 5 LP, 1,449,290 toUltra Master Ltd , 2,383,930 shares toUltra NB LLC and, directly or indirectly either itself or through a wholly owned subsidiary, 12,789,995 shares toSolus Long-Term Opportunities Fund Master LP . The Solus Funds do not hold any other rights to equity shares in the Company. Solus is represented on the Board of Directors of the Company byScott Martin , Director.
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