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Good morning and welcome to ProSafe's third quarter 2021 presentation. My name is Jesper Krau Endresen. I'm the CEO of ProSafe and joining me today and as usual is Stig Christiansen, CFO. Turning quickly to the disclaimer, which we will leave for a few seconds and hopefully long enough for all to realize that it's identical. with previous disclaimers and then turning now to the agenda on page three. It's a familiar agenda to most, I would suspect. Stig will shortly give an update on the financial restructuring process, possibly for the last time, if our timeline expectations are correct. I will go through the highlights for what has been a good quarter for ProSafe in more than one respect. Stig will take us through the numbers and the financial results, and I will wrap us up with a commercial update and overview and a summary of the presentation. So I will give the word, Stig, to you to provide an update on the financial restructuring process.

Okay, thank you Jesper and good morning everyone. Turning to slide number four, update on financial restructuring process. The long and short of it is that we are well on track, having worked on this for about 20 months or so. I'm glad to say that we are well on track. The solution as proposed and announced have been sanctioned in the Singapore courts under the Singapore Scheme. The Norwegian reconstruction process is ongoing, as you would know. There will be a voting next week, and then followed by a sanctioning, hopefully, by the Norwegian courts, and then the so-called hardening period, before we can take the process to final close. Well, on the basis of this, as announced for quite some time, the company continues to believe that we should be able to reach the so-called effective date and get this implemented and effective before year end 2021, hopefully a little bit ahead of upcoming Christmas. And of course, as a reminder, the solution will result in a significant deleveraging of the balance sheet to the tune of about 35%. Debt servicing going forward will then be based on no mandatory repayments of the debt, but a cash sweep mechanism to balance the company's cash flow and liquidity needs with ability to service debt over the four-year period till maturity at the end of 2025. Following the restructuring, the debt will be about $340 million plus the seller's credit in favor of Costco for the safe euros of about $90 million compared to close to $1.5 billion today. Existing shareholders following the transaction, as announced earlier, will retain about 1% of the share capital, whereas lenders primarily and creditors will then be initially owning 99 of the share capital but the long and short of it the process is on track and we are very much looking forward to get it implemented such that we can move on as from early 2022. so with those words i'll pass the word back to you yesterday thanks then we can turn to page five and quickly onwards to page six with the highlights for the quarter

And I think, as I mentioned, it has been a good quarter for ProSafe, as Dee has just explained. We are seeing the end of the restructuring process and just looking very much forward to that and focus solely on creating value for the future. And secondly, the quarter has been very active in ProSafe, high fleet utilization and reasonable solid earnings in the quarter. And more importantly, we have in the quarter and shortly thereafter secured work for 2022, which means that 2022 will in all probability be a very meaningful improvement on the 2021 results. So looking at the highlights, fleet utilization came in just above 70%, EBITDA for the quarter amounted to $12.5 million in cash from operations, a positive of $17.3 million. Our liquidity reserve is just about $100 million. Our operations and A to Z performance has been good in the quarter, no incidents, and six of our seven vessels have been in operation, which means a very busy quarter. We've had some good fortune on the existing contracts for Boreas, Zephyrus, Caledonia and Concordia, as we have seen options exercised and future options added. So when we get to the end of this year, I think we will have more operating days than we had at the beginning of the year when adding all options. So we have more than 100% of what we expected would be operating days. Very good. And that is mainly due to the options and additional period extension. Zephyrus, as previously informed, was awarded a 10-month contract with four months of options for BP in 2022, a contract we very much look forward to and which possibly could be the best contract for ProSafe since 2014. Caledonia was then awarded a nine-month contract, also fairly long for north sea standards followed by a 30-day option for to tell also a contract that we go very much forward to and as you know caledonia has been at the elkin field for numerous times and we have also agreed with hotel that the caledonia will stay at the field standby over the winter period on what you may call a pay-per-use basis and that implies some and possibly additional revenue compared to having to demobilize the vessel before mobilizing it back to field again when the contract commences in March. And we have ongoing bids in Brazil, which we expect will be concluded on very shortly. So a good quarter for ProSafe. I will turn back the word to Stig to give a bit fewer or more details on the results for the quarter. Stig, over to you and slides seven and eight.