Arctic Credit FLASH: MPC Container Ships - Solid beat, higher guidance, unchanged credit view

Research evidence excerpt

Arctic Credit FLASH: MPC Container Ships - Solid beat, higher guidance, unchanged credit view

Distribution in Brazil

Arctic is represented in Brazil through its representative office Arctic Brasil Escritório de RepresentaÇÃo Ltda. Arctic is not registered with the Brazilian Securities Commission (Comissão de Valores Mobiliários, the CVM). The securities discussed herein have not been and will not be publicly issued,

placed, distributed, offered or negotiated in the Brazilian capital markets and, as a result, have not been and will not be registered with the CVM. Therefore, Arctic represents, warrants and agrees that it has not offered or sold, and will not offer or sell the securities in Brazil, except in circumstances

which do not constitute a public offer, placement, distribution or negotiation of securities under the Brazilian capital markets regulation.

Distribution in Canada

This report is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of the securities described herein in Canada or any province or territory thereof. No securities commission or similar regulatory authority in Canada has

reviewed or in any way passed upon this report, the information contained herein or the merits of the securities described herein and any representation to the contrary is an offence. Under no circumstances is this report to be construed as an offer to sell securities or as a solicitation of an offer to buy

securities in any jurisdiction of Canada. Any offer or sale of the securities described herein in Canada will be made in accordance with applicable Canadian law and under an exemption from the requirements to file a prospectus with the relevant Canadian securities regulators and only by a dealer