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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G (*)
RULE 13D-102
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
COFLEXIP STENA OFFSHORE GROUP S.A.
- --------------------------------------------------------------------------------
(Name of Issuer)
Sponsored American Depository Receipts
- --------------------------------------------------------------------------------
(Title of Class of Securities)
192384105
--------------------------
(CUSIP Number)
December 31, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
(*) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP NO. 192384105
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Trustees of General Electric Pension Trust
I.R.S. #14-6015763
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE-
FICIALLY None
OWNED BY ------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON WITH: 755,254
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER.
None
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER.
755,254
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
755,254
- --------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
/ /
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.77% (9.9% if aggregated with the shares beneficially owned by the other
Reporting Persons (as defined in the Introductory Note))
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *
EP
- --------------------------------------------------------------------------------
Page 2 of 22
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CUSIP NO. 192384105
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
General Electric Investment Corporation, as Investment Manager of GEPT (as
defined below) and Investment Adviser of certain other entities and
accounts I.R.S. #22-2152310
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE-
FICIALLY 194,656
OWNED BY ------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON WITH: 755,254
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER.
194,656
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER.
755,254
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
949,960
- --------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
/ /
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.99% (9.9% if aggregated with the shares beneficially owned by the other
Reporting Persons)
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *
IA, CO
- --------------------------------------------------------------------------------
Page 3 of 22
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CUSIP NO. 192384105
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
GE Asset Management Incorporated (formerly, GE Investment Management
Incorporated), as Investment Adviser to certain entities and accounts
I.R.S. #06-1238874
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE-
FICIALLY 574,920
OWNED BY ------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON WITH: None
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER.
574,920
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER.
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
574,920
- --------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
/ /
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.62% (9.9% if aggregated with the shares beneficially owned by the other
Reporting Persons)
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *
IA, CO
- --------------------------------------------------------------------------------
Page 4 of 22
<PAGE>
CUSIP NO. 192384105
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
General Electric Company
I.R.S. #14-0689340
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE-
FICIALLY Disclaimed (see 9 below)
OWNED BY ------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON WITH: 0
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER.
Disclaimed (see 9 below)
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER.
0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares disclaimed by General Electric Company
- --------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
/X/ Disclaimed (see 9 above)
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Not applicable (see 9 above)
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON *
CO
- --------------------------------------------------------------------------------
Page 5 of 22
<PAGE>
CUSIP NO. 192384105
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
General Electric Capital Services, Inc. (formerly, General Electric
Financial Services, Inc.)
I.R.S. #06-1109503
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE-
FICIALLY None
OWNED BY ------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON WITH: Disclaimed (see 9 below)
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER.
None
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER.
Disclaimed (see 9 below)
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares disclaimed by General Electric Capital
Services, Inc.
- --------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
/X/ Disclaimed (see 9 above)
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Not applicable (see 9 above)
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- --------------------------------------------------------------------------------
Page 6 of 22
<PAGE>
CUSIP NO. 192384105
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Employers Reinsurance Corporation
I.R.S. #
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Missouri
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE-
FICIALLY 30,266
OWNED BY ------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON WITH: None
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER.
30,266
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER.
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,266
- --------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
/ /
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.19% (9.9% if aggregated with the shares beneficially owned by the other
Reporting Persons)
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO, IC
- --------------------------------------------------------------------------------
Page 7 of 22
<PAGE>
CUSIP NO. 192384105
- --------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
General Electric Mortgage Insurance Corporation
I.R.S. #
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of North Carolina
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENE-
FICIALLY 14,744
OWNED BY ------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON WITH: None
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER.
14,744
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER.
None
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,744
- --------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
/ /
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.09% (9.9% if aggregated with the shares beneficially owned by the other
Reporting Persons)
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO, IC
- --------------------------------------------------------------------------------
Page 8 of 22
<PAGE>
INTRODUCTORY NOTE: This Amendment No. 4 amends the Statement on Schedule 13G
filed on behalf of General Electric Company, a New York corporation ("GE"),
General Electric Investment Corporation, a Delaware corporation and a wholly
owned subsidiary of GE ("GEIC"), GE Asset Management Incorporated (formerly,
GE Investment Management Incorporated), a Delaware corporation and a wholly
owned subsidiary of GE ("GEAM") and the Trustees of General Electric Pension
Trust, a New York common law trust ("GEPT") on February 19, 1997, as amended
on February 13, 1998, as amended on February 16, 1999 and as amended on
February 14, 2000 (as amended, the "Schedule 13G"). This Amendment No. 4 is
filed on behalf of GE, GEIC GEAM, GEPT, General Electric Capital Services,
Inc., a Delaware corporation and a wholly owned subsidiary of GE ("GECS"),
Employers Reinsurance Corporation, a Missouri corporation and an indirect
wholly owned subsidiary of GECS ("ERIC") and General Electric Mortgage
Insurance Corporation, a North Carolina corporation and an indirect wholly
owned subsidiary of GECS ("GEMI") (collectively, the "Reporting Persons").
GEIC is a registered investment adviser and acts as the Investment Manager of
GEPT, and as an Investment Adviser to certain other entities and accounts,
and may be deemed to be the beneficial owner of 755,254 shares of Sponsored
American Depository Receipts ("ADR's") of COFLEXIP STENA OFFSHORE GROUP S.A.
(the "Issuer") owned by GEPT and of 194,656 shares of ADR's of the Issuer
owned by such other entities and accounts. GEAM is a registered investment
adviser and acts as an Investment Adviser to certain entities and accounts,
and may be deemed to be the beneficial owner of 574,920 shares of ADR's of
the Issuer owned by such entities or accounts. GEAM, GEPT, GEIC, GECS, GEMI
and ERIC each expressly disclaim that they are members of a "group". GECS
disclaims beneficial ownership of all shares held by GEMI and ERIC. GE
disclaims beneficial ownership of all shares and expressly disclaims that it
is a member of a "group".
The Items of the Schedule 13G are hereby amended to read as follows:
ITEM 2(a) NAME OF PERSON FILING
Trustees of General Electric Pension Trust (See Schedule II)
General Electric Investment Corporation, as Investment Manager of
GEPT and as Investment Adviser to certain other entities and
accounts.
GE Asset Management Incorporated, as Investment Adviser to certain
entities and accounts.
General Electric Company
General Electric Capital Services, Inc.
General Electric Mortgage Insurance Corporation
Employers Reinsurance Corporation
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
The address of the principal offices of GEPT, GEIC and GEAM is 3003
Summer Street, Stamford, Connecticut 06905. The address of the
principal
Page 9 of 22
<PAGE>
offices of General Electric Company is 3135 Easton Turnpike,
Fairfield, Connecticut 06431. The address of the principal offices
of ERIC is 5200 Metcalfe, Overland Park, Kansas 66205. The address
of the principal offices of GEMI is 6601 Six Forks Road, Raleigh,
North Carolina 27615.
ITEM 2(c) CITIZENSHIP
General Electric Pension Trust - New York common law trust
General Electric Investment Corporation - Delaware corporation
GE Asset Management Incorporated - Delaware corporation
General Electric Company - New York corporation
General Electric Capital Services, Inc. - Delaware corporation
General Electric Mortgage Insurance Corporation - North Carolina
Corporation
Employers Reinsurance Corporation - Missouri Corporation
ITEM 4 OWNERSHIP
GEPT GEIC GEAM GE
(a) Amount beneficially owned 755,254 949,960 574,920 0
(b) Percent of class 4.77% 5.99% 3.62% disclaimed
(c) No. of shares to which person
has
(i) sole power to vote or
direct the vote None 194,656 574,920 None
(ii) shared power to vote or
direct 755,254 755,254 None disclaimed
(iii) sole power to dispose
or to direct disposition None 194,656 574,920 None
(iv) shared power to dispose
or to direct disposition 755,254 755,254 None disclaimed
ITEM 4 OWNERSHIP
ERIC GEMI GECS GE
(a) Amount beneficially owned 30,266 14,744 0 0
(b) Percent of class .09% .09% disclaimed disclaimed
(c) No. of shares to which person
has
Page 10 of 22
<PAGE>
(i) sole power to vote or
direct the vote 30,266 14,744 None None
(ii) shared power to vote or
direct None None disclaimed disclaimed
(iii) sole power to dispose
or to direct disposition 30,266 14,744 None None
(iv) shared power to dispose
or to direct disposition None None disclaimed disclaimed
NOTE: The percentages are based on the total shares outstanding underlying
the ADR's outstanding.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF CLASS
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following:
[ ]
ITEM 10 CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
Page 11 of 22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: March 30, 2000
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment
Corporation, its Investment Manager
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 12 of 22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: March 30, 2000
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 13 of 22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: March 30, 2000
GE ASSET MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 14 of 22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: April 17, 2000
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
-------------------------------------
Name: John H. Myers
Title: Vice President
Page 15 of 22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: April 30, 2000
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Michael E. Pralle
-------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
Page 16 of 22
<PAGE>
POWER OF ATTORNEY
The undersigned, General Electric Capital Services, Inc., a Delaware
corporation (hereinafter referred to as the "Corporation") does hereby make,
constitute and appoint the persons listed below as the Corporation's true and
lawful agent and attorney-in-fact (hereinafter referred to as the "Attorney") to
act either together or alone in the name and on behalf of the Corporation for
and with respect to the matters hereinafter described.
Name of Attorney:
Michael A. Gaudino
Robert O. Oreilly, Sr.
Marry K. Stegelmann
James Ungari
Leon E. Roday
J. Gordon Smith
Michael E. Pralle
Iain MacKay
Jonathan K. Sprole
Barbara J. Gould
Robert L. Lewis
Wendy E. Ormond
Mark F. Mylon
Each attorney shall have the power and authority to do the following:
To execute and deliver any Schedule 13D, Schedule 13G or Forms 3, 4 and 5
or any amendments thereto required to be filed with the Securities and
Exchange Commission under the Securities Exchange Act of 1934 on behalf of
the Corporation with regard to any securities owned by the Corporation,
General Electric Capital Corporation or any of their subsidiaries.
And, in connection with the foregoing, to execute and deliver all
documents, acknowledgements, consents and other agreements and to take such
further action as may be necessary or convenient for the Corporation in order to
more effectively carry out the intent and purpose of the foregoing.
Agreements, commitments, documents, instruments, and other writing
executed by the Attorney in accordance with the terms hereof shall be binding
upon the Corporation without attestation and without affixation of the seal of
the Corporation. The Power of Attorney conferred hereby shall not be delegable
by any Attorney. The Attorney shall serve without compensation for acting in the
capacity of agent and attorney-in-fact hereunder.
Unless revoked by the Corporation, this Power of Attorney shall be
governed under the laws of the State of New York and the authority of the
Attorney hereunder shall terminate on March 31, 2002.
IN WITNESS WHEREOF, the Corporation has caused this Power of Attorney to
be executed, attested and its corporate seal to be affixed pursuant to authority
granted by the Corporation's board of directors, as of the 22nd day of February,
2000.
General Electric Capital Services, Inc.
(Corporate Seal)
By: /s/ Nancy E. Barton
--------------------------------------
Nancy E. Barton, Senior Vice President
Attest:
/s/ Brian T. MacAnaney
- --------------------------------------
Brian T. McAnaney, Assistant Secretary
Page 17 of 22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: April 17, 2000
EMPLOYERS REINSURANCE CORPORATION
By: /s/ Thomas Powers
-------------------------------------
Name: Thomas Powers
Title: Vice President
Page 18 of 22
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: April 18, 2000
GENERAL ELECTRIC
MORTGAGE INSURANCE
CORPORATION
By: /s/ Jerome T. Upton
-------------------------------------
Name: Jerome T. Upton
Title: Vice President and Controller
Page 19 of 22
<PAGE>
SCHEDULE I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned
that the Schedule 13G on or about this date and any amendments thereto with
respect to the beneficial ownership by the undersigned of shares of the
Sponsored American Depository Receipts of COFLEXIP STENA OFFSHORE GROUP S.A. is
being filed on behalf of each of the undersigned.
Dated: March 30, 2000 GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment
Corporation, its Investment Manager
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
GE ASSET MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
-------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
-------------------------------------
Name: John H. Myers
Title: Vice President
Page 20 of 22
<PAGE>
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Michael E. Pralle
-------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
EMPLOYERS REINSURANCE
CORPORATION
By: /s/ Thomas Powers
-------------------------------------
Name: Thomas Powers
Title: Vice President
GENERAL ELECTRIC
MORTGAGE INSURANCE
CORPORATION
By: /s/ Jerome T. Upton
-------------------------------------
Name: Jerome T. Upton
Title: Vice President and Controller
Page 21 of 22
<PAGE>
SCHEDULE II
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
3003 Summer Street, P.O. Box 7900
Stamford, Connecticut 06905
The names of the Trustees of General Electric Pension Trust are as follows:
Eugene K. Bolton
Michael J. Cosgrove
Ralph R. Layman
Alan M. Lewis
Robert A. MacDougall
John H. Myers
Donald W. Torey
John J. Walker
Page 22 of 22
