In order to further expand our trading activities and to benefit from the growing economy in Asia, North Sea Group will soon be opening up an office in Singapore. Later this month a delegation will travel to Singapore to look for suitable office space among other things. The office in Monaco has been used for some time for trading in Asia; however, in order to strengthen these activities, setting up a local office is essential. The new office in Singapore and the legal entity to be established are expected to be fully operational in May.