1. Curriculum Vitae
Name : Harry Stephen Assiter
Date of Birth : 18th
May 1957
Nationality : British
Marital Status : Married with 3 children
Career Details :
1] 2011 to July 2016 – Sea Trucks Group, Corporate Head Office Lagos
Appointed Chief Financial Officer of STG on retirement of the former CFO,
reporting directly to the CEO/President (Owner) and working alongside Group
Managing Director. STG issued a $575m Norwegian Bond in early 2013 and a
$200m Convertible Bond in early 2011 which I was involved in road-showing and
putting in place.
Duties/Responsibilities
 Responsible for all Financial affairs of the STG and in developing Corporate
Governance processes, which will prepare the Company for a potential
listing and provide good controls for internal management of the business.
 Development of Quarterly financial reporting under IFRS required to be
issued to Bondholders and other Principal Lenders. Organise and
coordinate quarterly bondholder video conference calls and initiate regular
visits to bondholders.
 Develop and re-engineer all management and financial processes to improve
transparency and visibility for senior management team, this involving the
introduction of a new ERP system.
 Establishing a new group wide treasury management system to improve
visibility on cash inflows and outflows.
 Establish a dedicated Tax function so as to be proactive as opposed to
reactive to the variety of tax issues.
 Establish a dedicated Financial Planning function designed to capture KPI’s
and monitor actual performance against budgets and reassess regularly new
financial forecasting (includes systematic tracking of financial ratios for
various purposes).
 Reorganise the Finance Function so as to enhance the capabilities of the
team to deal with complex Financial Accounting issues (IFRS matters and
external reporting Requirements) and Management Accounting issues (more
control, review and reporting on how the various business units are
performing).

2.  Primary contact with Banks and other Financial Institutions for the
sourcing of new facilities etc.
 Involved in final tender reviews and decisions with respect to currency
issues, guarantee issues, milestone payments and cashflow projections.
 Set up processes and controls for tighter monitoring of Capex programs and
Project related activities.
2] 2007 to 2011 – Sea Trucks Group, Contracting Division
Vice President Finance & Administration for this new division of the Sea Trucks
Group set up in Sharjah, United Arab Emirates. The Division has the responsibility
for the marketing, contracting and operation of a new fleet of DP3 vessels capable of
operating in the accommodation, flexible and rigid pipelay and subsea construction
markets on a worldwide basis.
Duties/Responsibilities
 Reporting to the Senior Vice President of the Contracting Division and to the
Group Financial Director based in Lagos, Nigeria.
 Acting in the capacity of Chief Financial Officer for a Joint Venture between
Sea Trucks Group and its partner, an international company involved in the
manufacture of flexible pipes.
 Responsible for establishing all financial and accounting systems applicable
to the Marine Operations of the new fleet and also the project control for
sophisticated subsea operations.
 Review, coordinate and implement with tax advisers the most tax efficient
structures for the operating of vessels and performance of projects in various
international jurisdictions.
 Regular reviews of the progress of the Joint Ventures projects and the
reporting of performance to the Joint Venture executive committee on a
monthly basis.
 Providing financial reports to shareholders in accordance with IFRS
accounting standards and applying Long Term Construction method of
percentage completion accounting.
 Directly involved with the set up and operation of a new subsidiary
established in Australia.
 Creating new procedures and policies for better control of day to day
activities.
 Providing input data and analyses for submissions to banks and other third
party institutions.
3] 2004 – 2007 Synergy Group Corp
Chief Financial Officer & Director for this Group of Companies (approximately 100
companies) based in Sao Paulo. The Group has three main business areas: (1)

3. Aviation (commercial airlines in Colombia, Ecuador and Brazil; business aviation
sales and representations for Bombardier, Agusta and Pilatus; and helicopter
operations in Brazil and Colombia, (2) Energy activities with oil & gas exploration
and production in Colombia, Ecuador and Brazil and also thermoelectric power
generation in Ecuador, (3) Construction, shipbuilding and offshore service activities
principally for the oil & gas sector in Brazil and South America.
The Group has revenues of approximately $1.5 billion in 2006.
Duties/Responsibilities
 One of only two non-family Executive Directors of the Board.
 Responsible for all Group financial, fiscal and treasury matters – direct
control in the case of less sophisticated businesses and indirectly in others.
 Reorganise all the companies into legal groups (and subgroups) based
around the three main business areas. This involved migrating many
companies and re-domiciling them in Panama.
 Recruit, train and establish a Corporate Finance/Accounting Team in Brazil.
 Establish written procedures and standard reports to be followed by group
companies.
 Assumed the position of Company Secretary for all Offshore Companies
from third party lawyers.
 Introduction of US GAAP accounting (Local GAAP accounting and
conversion to US GAAP) for the first time.
 Production of the very first Group Consolidated Financial Statements
 Introduced the Group and made many presentations of its financial data to
the Financial Business Community – banks, financial institutions and
insurance companies.
 Support applications of group companies for external finance with
commercial banks, Exim, Coface, SACE etc.
 Supervise internal audit department and their work program, especially the
individual expert of Brazilian tax issues.
4] 1998 – 2004 Petrodrill Engineering N.V.
Chief Financial Officer for this Company established by its shareholders to manage
the construction and financing of four semi-submersible drilling rigs for an
estimated cost of $800m. Two rigs were successfully built in Korea financed by a
Japanese party and the other two rigs were successfully built in the USA financed
under US Government Title XI program.
Duties/Responsibilities

4.  Preparation of US GAAP accounts for four rig owning companies, their holding
company and the construction management company. Involves production of US
Style annual accounts.
 Supervision of management accounts (monthly) reporting construction progress
against budgets and forecasts to shareholders
 Supervision of six-monthly reporting package to US Government
 Involvement in original yard selection and contract arrangements and ongoing
administration of the same.
 Supervision of staff involved in daily review of yard performance against
contract and yard monthly invoicing
 Involvement in acquiring finance from Japanese and US Government sources
and preparing contractual documents
 Involved in final delivery of first two rigs and registering under Bahamas flag,
coordinating simultaneous closing meetings in London, Korea and Japan
 Supervision of monthly drawdown notices/schedules from financing facilities
 Handling all company secretary matters, presentations to directors and
shareholders on a regular basis
 Supervision of treasury matters including making shareholder contribution calls
for funds
 Supervision of expatriate/local payrolls in Netherlands, USA and Korea dealing
with personnel from Brazil, France, UK, Canada and Italy supported by
external advisors
 Involvement in application for advanced tax ruling for construction
management company branch in the Netherlands and supervision of tax filing
requirements
5] 1995 – 1998 Coflexip Stena Offshore
Executive Vice President and Group Controller, based in Paris, of this newly
formed group, resulting from the acquisition of Stena Offshore by Coflexip S.A.
Duties/Responsibilities:
 Prepare & organize the integration of the two groups for fiscal, financial and
management accounting.
 Preparation & development of management information reports, produced
monthly, including group consolidations
 Establishing of all group financial policy and harmonizing all reporting and
internal control procedures
 Direct responsibility for all subsidiary/unit controllers
 Supervision of group tax affairs in coordination with external fiscal advisers
 Supervision of annual group budget and quarterly forecast process, including
capital expenditures.
 Supervision of treasury department

5.  Supervision of Statutory accounts production (US GAAP) and responsible for
preparation of Annual Report and SEC filing documents, for review with
Chairman and external advisors.
 Involved in Investor Relations Dept production of financial related press releases
and all Investor Conference calls
 Provide support to Chairman and CEO for all ad hoc financial exercises
6] 1993 –1994 Stena Offshore N.V.
Senior Executive Vice President and Chief Financial Officer
Duties/Responsibilities:
 Reorganise group under new Dutch Holding Company, in preparation for IPO
and introducing US GAAP accounting
 Preparation of Offering Memorandum with Chemical Bank, roadshows etc for
Private Placement of $60 million of Senior Secured Notes (successful)
 Preparation and filing of Registration Document to SEC for IPO along with CS
First Boston, roadshows etc (did not complete due to Coflexip trade purchase)
 Responsible for all financial, fiscal and treasury matters as more fully described
below.
7] 1986 – 1994 Stena Offshore Ltd
Chief Accountant, becoming Financial Director of Stena Offshore and Company
Secretary of all Stena UK companies in 1989. Company was a leading Subsea
Construction Company, involved in pipelaying, underwater construction, diving,
inspection, maintenance and wellservicing operations.
Duties/Responsibilities:
 Setup of first non Swedish operations for Stena Offshore centered in Aberdeen
 Preparation of management and financial accounts for single ship companies,
project operating companies and full UK consolidations for external audit
 Creation of subsidiaries in Norway, India, Australia, Brazil, Singapore,
Netherlands, Channel Islands and Mauritius, with assistance of external
advisors
 Performed tax planning on a group basis with assistance of external advisers
 Supervised treasury management of multi-currencies, including the
establishment of UK tax leases for vessels and other large capital equipment
items
 Creation of a sophisticated project tracking system for control of all project
activities, which involved risk management system

6.  Responsible for all corporate affairs and company secretarial work
 Member of the Stena AB group finance & treasury committee, deciding group
policy on funding and currency risk management
 Involved in the acquisition of Sante Fe’s offshore pipelaying business, including
the Apache reelship
 Involved in the acquisition of Houlder Offshore Ltd and creation of Stena
Drilling as a separate drilling company, owning for drilling rigs
8] 1982 –1986 GeoVann (UK) Ltd
Financial Director for Oilfield Service Company involved in downhole perforating,
with direct control for the finance functions of branch offices in UK, Norway,
Netherlands, Italy, Egypt, Abu Dhabi, Muscat, Singapore and Indonesia.
Joined this US Group at the time they were setting up their first international
operation in Aberdeen, and was involved in the opening of branches in all the above
countries during the period.
Duties included the production and reporting of monthly accounts to US Head
Office in US GAAP, preparing budgets and forecasts, preparing local annual
accounts with aid of external advisors for local filing requirements, managing
treasury, handling payroll (expatriate and local) and sales invoicing and collection
9] 1980 – 1982 Star Offshore Services Diving Ltd
Accountant for the diving company of the Star Offshore Group, responsible to
Managing Director and Group Accountant.
Duties included preparation of management accounts providing detail by contracts,
preparation of statutory accounts for audit, issue of sales invoices and client
followup, processing payroll for 200 people, site visits to offices in UK and West
Africa to organize tax and administration issues
10] 1977 –1979 Hodgson Harris
Trainee accountant and auditor with Chartered Accountants
Duties included preparation of accounts for sole traders and partnerships to pre-
audit stage, audit vouching work on small and medium size Clients and six month
secondment as assistant accountant with Loffland Nabors (drilling company)
Education Details:
Aberdeen College of Commerce (1975-1977)

7. – Higher National Diploma in Accounting with distinction in Statistics
– Higher in Economics
Trinity College Glenalmond (1970-1975)
– 1 A level
– 4 Highers
– 9 O levels
Other Items:
Member of Institute of Directors
Certificate on Presentation skills (one week course)
Hobbies – golf, skiing, squash and tennis