EQUINOX OFFSHORE ACCOMMODATION LIMITED

Resolution 8 - to give authority to the Directors to issue Shares by way of rights or bonusissue or otherwise and issue instruments convertible into Shares on theterms set out in the Notice of AGM.Resolution 1 – Directors’ report, statement by Directors and audited financialstatements of the CompanySection 201 of the Act requires the financial report (which includes the financial statementsand directors’ declaration), the directors' report and auditor's report to be laid before the AGM.Shareholders will be given a reasonable opportunity at the AGM to ask questions and makecomments on these reports.Resolution 2 – Approve the payment of the Directors’ fees to the non-executiveDirectors of USD 90,000 for the financial period from 15 August 2007 to 31 December2008Pursuant to section 169 of the Act, the Company is required to seek the approval of itsShareholders in order to provide emoluments or improve the emoluments of any Director.Section 169(B) defines “emoluments” as any sums paid by way of expenses allowance in sofar as those sums are charged to income tax in Singapore, any contribution paid in respect ofa director under any pension scheme and any benefits received by him otherwise than incash in respect of his services as director.The purpose of this Resolution 2 is to sanction the payment of USD 90,000 as the Directors’fees to the non-executive Directors, namely Mr Erik Gløersen, Mr Siavash Payani and MrRaymond Meadowcroft for the financial period from 15 August 2007 (i.e. date of incorporationof the Company) to 31 December 2008.Resolution 3 – Approve an increase in the Directors’ fees payable to the non-executiveDirectors to USD 160,000 for the financial year ending 31 December 2009, which isconditional on ListingAs the non-executive Directors will have increased obligations and duties in their roles leadingto and following the Listing, it is proposed that the maximum annual aggregate Directors' feesbe increased by USD 70,000, from USD 90,000 to USD 160,000 per annum, which shall beallocated among the non-executive Directors as the Directors see fit. This increase will alsoaccommodate any appointment of additional non-executive Directors, which may benecessary to comply with the listing rules of the Oslo Axess.Pursuant to section 169 of the Act, Shareholders are asked to vote on this Resolution 3 toapprove the increase in the Directors’ fees.Resolution 4 – Approve the payment of the Directors’ fees to the non-executiveDirectors for the financial year ending 31 December 2009 for the total amount of USD7