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<strong>Mosvold</strong> <strong>Jackup</strong> <strong>Ltd</strong>. (Cayman) - Summary• Established by <strong>Mosvold</strong> Shipping<strong>Ltd</strong>. in April 2006• Listed on the OTC• Turnkey construction contractwith Maritime Industrial ServicesCo. <strong>Ltd</strong>. Inc. (Dubai – UAE) for2+1 jackups• Turnkey contract price USDm126, all-in delivered price USDm143• Delivery August 2008 andDecember 2008• USD 90 million in Equity raised.• Sufficient equity in place to allowfor debt financing, for instance– Bonds 20%– Bank loans 50%8
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