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STO » Topics » 6.7 Exchange controls and other limitations

This excerpt taken from the STO 20-F filed Mar 24, 2009.

6.7 Exchange controls and other limitations

Exchange controls and other limitations affecting shareholders
Under Norwegian foreign exchange controls currently in effect, transfers of capital to and from Norway are not subject to prior government approval except for the physical transfer of payments in currency, which is restricted to licensed banks.

This means that non-Norwegian resident shareholders may receive dividend payments without Norwegian exchange control consent as long as the payment is made through a licensed bank.

There are presently no restrictions affecting the rights of non-residents or foreign owners to hold or vote our shares.

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