# 6-K exhibit

- Source: edgar · Published: 2026-06-10 · Kind: report
- Original: https://www.sec.gov/Archives/edgar/data/1564180/000110465926072081/knop-20260610xex99d1.htm

**TL;DR —** KNOP's Conflicts Committee declined to acquire two shuttle tankers, Frida Knutsen and Sindre Knutsen, from its sponsor due to insufficient charter contract duration, but is still negotiating for Hedda Knutsen.

## Takeaways
- KNOP was offered three shuttle tankers (Frida Knutsen, Sindre Knutsen, Hedda Knutsen) by its sponsor, Knutsen NYK.
- The Conflicts Committee decided against acquiring Frida Knutsen and Sindre Knutsen because they lack fixed or guaranteed charter contracts of sufficient duration (less than 5 years).
- These two rejected vessels have been operating in the North Sea since late 2022.
- KNOP is still in negotiations with Knutsen NYK regarding the acquisition of Hedda Knutsen.
- This decision aligns with KNOP's business model of acquiring vessels primarily under long-term charters.

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