Our President of SunStone Ships Inc., Miami, UlrikHegelund (52), has, for family reasons, decided to moveback to Denmark. We would like to thank Ulrik for hisfour years as President in Miami. As of January 1, Ulrikwill take the position as CFO of SunStone MaritimeGroup. Ulrik will have the overall responsibility for theGroup’s Accounting, Budgeting, Cash Flow, Reporting,Legal, and IT matters. Our Finance colleagues in theMiami and Madeira Offices will report to Ulrik.

As of January 1, Christian Lund (40) will take over theposition as President of SunStone Ships Inc., Miami.Christian has been working within our group companiesin Miami for the past 14 years. Christian has been at ISP,FleetPro, CMI, and now SunStone, where he will beresponsible for Group Strategy and Long-TermPlanning. He will be instrumental in the furtherdevelopment of our “Shipboard ManagementStrategy,” focused on maximizing the skills,involvement, and empowerment of our onboard teamsto ensure the best possible Expedition Fleet.

Any questions in this respect can be forwarded to Carsten Lund at calund@sunstoneships.com