Menu Shipping Providing solid and reliable shipping services around the world, we operate within commercial ship management, time charter operations, ship brokering and tailor made transport solutions. With more than 85 vessels, we pride ourselves on being innovative and having a healthy appetite for expansion, helping customers all over the world. THORNICO A/S | Havnegade 36 - 5000 Odense C | Denmark | Tel: +45 6548 0200 | Fax: +45 6619 4532 | E-mail: info@thornico.com

Menu REC Watches REC Watches is a brand new Danish watch company. The concept is to salvage out-of-use iconic objects, and transform these new into brand new timepieces - ensuring that every watch is visibly unique. The result is modern, different, and quality wristwatches, encompassing the very soul of the recycled object. We wanted to redefine how a timepiece can tell a (fantastic) story, and relate to you not as a customer, but as an individual. Watch fanatics to the bone, we wanted to create something different, unpretentious, and ultimately something we would simply crave ourselves. Hence, instead of some obscure year of establishment or vague ‘inspiration’, every single REC timepiece is made by salvaging classic cars and icons, and transforming them into watch components – a concept which we termed “RECOVER, RECYCLE, RECLAIM”. The result? EVERY single REC watch is visually unique – that’s right, no two are identical - include handmade components, and are born with the story from the object of which it was made. Now that’s what unique design and great stories should mean! Thornico invested in REC Watches through the Danish TV program Løvens Hule in 2015. REC's philosophy is to salvage and recycle out-of-use iconic wrecks into modern timepieces. Each timepiece is visibly unique and has its own story to tell. Headquarters REC Watches ApS Bredgade 36E, 2nd Floor 1260 Copenhagen K Denmark Tel.: (+45) 5354 0332 info@recwatches.com www.recwatches.com THORNICO A/S | Havnegade 36 - 5000 Odense C | Denmark | Tel: +45 6548 0200 | Fax: +45 6619 4532 | E-mail: info@thornico.com