ARGONAUT

EXCHANGE: Stockholm

SHARE PRICE (DEC. 31, 1996):
A shares: SEK 13.30; B shares: SEK 13.60

1996 TRADING RANGE (THROUGH NOV. 26):
A shares: SEK 10 – 13.50; B shares: SEK 9.95 – 14.10

MARKET CAP. (SEPT. 30, 1996):
US$193,454,845

OVERVIEW
• Stockholm-based Argonaut was founded in 1983 and today has one of the world’s most modern crude oil tanker fleets in the 200,000-300,000 dwt segment.
• The company’s vessels operate in both timecharter and the spot market.
• Argonaut’s fleet is marketed in cooperation with Nordström & Thulin AB. Chartering and commercial operations take place at Argonaut’s office in Stockholm.
• The company handles technical management and crewing in cooperation with Ugland Interocean Management Ltd. through their joint ship management organization, Argonaut Ugland Maritime Services (AUMS).

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