Exhibit 20: The D1 distance rule

Exhibit 20 · The framework

The D1 distance rule

rule cards

Present the published distance and construction-status credits for international subsea systems.

Landing distance: 75kmSystem status

Landing within 100 km1.0

Financed and under construction: 0.5 points.

100 – 250 km0.5

Financed and under construction: 0.25 points — the discounts compound.

Beyond 250 km0

Announced systems score zero at any distance.

Credited D1 points per system1.00

Distance credit and construction status multiply; announced systems always score zero.

Report-curated content · August 2026.Interactive controls change the view; every value and rule is drawn from the published exhibit data.