1. Company presentation

2. Østensjø Rederi AS A leading provider of offshore marine services to the global oil and gas industry Established in 1974 by sole owner Johannes Østensjø Based in Haugesund, Norway About 600 skilled employees (50 onshore) Solid balance with 2012 revenue of NOK 1250m and EBITDA of NOK 365m

3. Operates within three segments Terminal & Tug Services 15 Tugs 6 Mooring launches 1 Newbuild Offshore Services 4 Light Construction vessels 4 PSVs 1 Newbuild Accommodation Services Edda Fides, mono hull accommodation vessel 1 + 1 newbuild

4. Terminal & Tug services Østensjø Rederi has provided Terminal services since 1985 Towage Pollution control Fire-fighting Mooring operations Tanker escort Operations at oil and gas terminals in UK, Ireland and Norway A total of 22 tugs and ancillary crafts in operation

5. Tugs Felix (1995) Ajax (2000) Velox (2005) Fox (1988)Rex (1988) Statoil, StureShell, Nyhamna Vivax (2008) Silex (1994) Max (2007) Obelix (2007) Thrax (1994) Phenix (2007) Asterix (2001) Ibex (1993) Esso, Fawley Alex (1995) Apex (2008 ) Whitegate, Cork Bantry Bay Tenax (2006) Thorax (1993) Spot Vortex (2010) Lomax (2012)

6. Offshore services Østensjø Rederi has always been on the forefront of PSV design and Operation Edda-vessels are acknowledged in the market Long track record Several innovative solutions that have become industry standards Involved in many subsea areas ROV/survey Cable lay Trenching Heavy lift and module handling Scale squeeze A total of 9 vessels in segment 1 newbuild Subsea services Est. DeepOcean in 1999 (sold 2008) Established DeepWell in 2006

7. Offshore vessels Edda Flora (2008) Edda Sprint (1991) Edda Frigg (1997) Edda Ferd (2013) Edda Fjord (2002) Edda Fonn (2003) Edda Fram (2007) Edda Frende ( 2009) Edda Fides( 2011) Edda Fauna (2008) Edda TBN (2015) Edda TBN (2016)

8. Edda Accommodation Provider of world class offshore accommodation services Successful experience with Edda Fjord Edda Fides delivered March 2011 Unique purpose built monohull accommodation vessel Highest HSE standards Flexible solution for gangway Low mob.-/demob. Cost Reduced fuel cost 1 newbuild being constructed at Hyundai Heavy Industries (Korea)

9. Mindset At Østensjø our minds have always been set on being at the forefront of development Our main challenges are: to reduce the environmental effect of our business contributing to increased profitability for our clients Our answer to these challenges can be found in the answer to three targets we’ve set for ourselves : To produce power as efficiently as possible To lower overall power consumption Energy saving through knowledge

10. Østensjø Rederi clients

11. www.ostensjo.no