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HIGHLIGHTS

HIGHLIGHTS. 2000 LHC buys Ugland International Holdings plc's 50% share in HUAL. Three large, flexible PCTC vessels were delivered. Höegh Galleon being rebuilt for 17 years - T/C to Enron. Sale of two older liner vessels. Two vessels chartered out for 2-3 years.

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HIGHLIGHTS

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  1. HIGHLIGHTS 2000 LHC buys Ugland International Holdings plc's 50% share in HUAL. Three large, flexible PCTC vessels were delivered. Höegh Galleon being rebuilt for 17 years - T/C to Enron. Sale of two older liner vessels. Two vessels chartered out for 2-3 years. LHC acquires Safmarine`s 50 % share in Unicool Ltd. Sale of three reefer vessels. Additional new share capital of NOK 450 million. Sale of Teekay shares in the amount of USD 60 million. Repurchase of 10% of own shares. 2001 Sale of Cool Carriers AB.

  2. STATEMENTSOF INCOME

  3. BALANCE SHEETS

  4. OPERATING PROFIT PER SEGMENT

  5. CASHFLOW

  6. DEBT/CASH DEVELOPMENT

  7. RESULT PER SHARE

  8. CASHFLOW PER SHARE

  9. GOING FORWARD • Grow HUAL in both deep sea and short sea. • HUAL integration. • Grow in LNG. • Future of open hatch. • Consolidation in reefers. • Share price.

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