BALTIC DEVELOPMENT LTD.

None observed in current sources.

• ■
  RISTNA SHIPPING LTD

  shareholder of
• ■
  KERI MARINE LIMITED

  shareholder of
• ■
  RUHNU TANKERS LTD

  shareholder of
• ■
  TAHKUNA MARITIME LTD

  shareholder of
• ■
  MOHNI MARINE LTD.

  shareholder of
• ■
  KIHNU MARITIME LIMITED

  shareholder of
• ■
  OCEAN YACHTING LIMITED

  shareholder of