AWO Prospectus - COSL Drilling Europe AS

Awilco Offshore ASA
Application forms should be sent to one of the Managers at the addresses below:
Enskilda Securities ASA
Filipstad Brygge 1
PO Box 1363 Vika, 0113 Oslo, Norway
Tel./Fax: +47 21 00 85 00 / +47 21 00 85 06
14
Fearnley Fonds ASA
Grev Wedels plass 9
PO Box 1158 Sentrum, 0107 Oslo, Norway
Tel./Fax: +47 22 93 60 00 / +47 22 93 63 60
To avoid duplicate registrations, applicants are requested to send the application form to one application
office only, either per post or per telefax.
Investors can also apply for Offer Shares through the Internet at the address www.enskildasecurities.no
where they will be able to download this Prospectus and attached Application Form once they have
confirmed that they reside in Norway and have valid VPS accounts.
Applications must be for a minimum of 500 shares, which is expected to be equal to one ”round lot” for
trading on the Oslo Stock Exchange. Applications for lower numbers of shares will be disregarded
without further notice.
Allotment
To the extent possible, all valid applications will be given a minimum allotment of 500 shares, which is
expected to be equal to one round lot. If the Offering is oversubscribed to such an extent that it is not
possible to allot 500 shares to every applicant, allotment of round lots will be made on a random basis
using VPS simulation procedures.
Allotment of Offer Shares in excess of the minimum allotment of 500 shares per applicant will in case of
oversubscription be made on a pro rata basis, using VPS’ automated standard allocation procedure.
Such allocation will be based on objective criteria, which means that all applicants who have applied for
the same number of Offer Shares will receive the same allocation. However, the allocation rate may be
graded in relation to application size, so that applicants who have made larger applications may get a
lower allocation rate than applicants who have made smaller applications.
Notwithstanding the above, the Company reserves the right to limit the total number of applicants to
whom Offer Shares will be issued if it deems this to be necessary in order to keep the number of
shareholders in the Company at an appropriate level. If the Company decides to limit the total number
of applicants to whom Offer Shares will be issued, the selection of the applicants to whom new shares
will be issued will be made by drawing lots or applying similar random mechanisms.
Notices of allotment will be sent to the applicants on or about 11 May 2005.
Payment and settlement
Each applicant for shares in the Offering will by signing and delivering the application form grant a onetime
authority to the Managers to debit the price of the Offer Shares allotted to the applicant from the
bank account specified in the application form. Payment will be deducted from the nominated bank
account on or about 13 May 2005.
If an applicant has insufficient funds at the bank account specified in the application form or if payment
is delayed for any reason or if it is not possible to debit the account, penalty interest at a rate equal to the
prevailing interest rate under the Norwegian Act on Interest on Overdue Payments of 17 December 1976
No. 100 (being as of the date of this Prospectus 8.75 per cent per annum) will be payable on the amount
due. The Managers reserve the right to make up to three subsequent debits within May 2005 if there are
insufficient funds at the account on the first debiting date.