9/21/2017 DeepOcean Group 1

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1 9/21/2017 DeepOcean Group 1

2 ACT for Safety Integrated Management System covering Quality, Health, Safety, Security and the Environment System is certified by DNV according to: o o o ISO-9001 Quality Management System ISO Environmental Management System OHSAS Occupational Health and Safety Management System Vessel ISM / ISPS / SMS by vessel operators DeepOcean is a member of IMCA the International Marine Contractors

3 About DeepOcean 1 TALENT LOCATION NEW LEAD SHAREHOLDER 1100 employees world wide 250 UK based Graduate and apprentice intake Supporting regional effort to create talent and expand skills Darlington, UK 11 offices world wide 8 Countries UK, Netherlands, Norway, Brazil, Mexico, Singapore, Dubai, Ghana Committed to investing in the growth and development of DeepOcean Solid balance sheet Improved liquidity Security and long term viability.

4 Concept to Completion Feasibility & Front End Engineering Project Management Engineering, Geotechnical Engineering, Experienced Offshore and Operational Teams, Procurement Survey Seabed Mapping Route Design & Eng Subsea Installation Cable Burial Maintenance & Repair ROV and vessel based survey In-house Geotechnical Expertise Over 1000km of power cable installed Leading provider of subsea trenching services Subsea cable integrity inspection Seabed mapping and geophysics Geotechnical and environmental survey Cable route Investigation Threat and obstacle management 50000km surveyed in water depths to 2100m Expert route engineering service. Array, export and interconnector cables All water depths Diverse seabed conditions All regions of the world Contracted to install over 400km in the next three years Largest portfolio of trenching assets Permanently mobilised trenching spreads Powerful technology for cable burial to 3m All water depths Diverse seabed conditions Remedial burial of cables Cable fault identification Cable de-burial Cable retrieval Cable repair / replacement Cable protection Strategic IMR Frame Agreements DECOM

5 Offshore Renewable and Interconnector Track Record Skaggerak4 Interconnector Pre-cut trenching Global Tech 1 OWF Array cable trenching Robin Rigg OWF Array cable installation Western HVDC Link Interconnector burial Gode Wind Walk-to-Work DolWin Beta Platform Walk-to-Work Walney Ormonde OWF Export cable burial Walney Extension OWF Export cable installation Race Bank OWF Array cable installation Export cable burial Hornsea 1 OWF Array cable installation DolWin Alpha Platform Export cable repair DolWin 1 Platform Export cable burial Alpha Ventus OWF Array cable repair Export cable burial Sheringham Shoal OWF Walk-to-Work Egmond Aan Zee OWF Export cable repair East Anglia One Export cable installation Bligh Bank OWF Array cable installation Wave Hub Subsea hub & export cable installation Greater Gabbard OWF Export cable installation Nemo HVDC Link Interconnector installation Jindo-Jeju HVDC Link Interconnector installation 1000km Installed 1400km Installed By km Trenched By m Trench Depths 9/21/2017 DeepOcean Group 5

6 Subsea Vehicle Fleet Unrivalled fleet of specialist marine trenching and intervention equipment: 5 x Plough Spreads Up to 3.3m trench depths 2.5m pre-cut capability Backfill plough Pre lay and post lay capability Simultaneous lay and burial Boulder clearance 4 x Jet Trenching Spreads Up to 2.1MW jetting power 3m trench depths Free flying and tracked Post lay capability Simultaneous lay and burial 4 x Mechanical Trencher Up to 3200HP of power 3.5m trench depths Chain and wheel cutters Jet trenching Post lay capability 40 x ROVs Work and Observation Class Survey up to 3.6 Knots Seabed mapping up to 5.3 Knots Various subsea tooling

7 Maersk Connector Export and Interconnector Vessel DP2 & 7 Point Mooring System - Designed to take the ground when fully loaded 7000te Dual Concentric Basket for Bundled Cables ACP2 Cable Plough and 60te A-Frame 100te AHC Subsea Crane 125HP Work Class ROV Accommodation for 90 Persons 7

8 ACP2 Advanced Cable Plough Variable depth control to 3.3m Aggressive multiple forecutter share design 325kW jetting supply to chare (shallow water capability from 0.5m) Product diameter 30mm to 300mm. Unique large bend radius to 5.0m Pivoting bellmouth for improved cable handling during launch and recovery Subsea loading / unloading capability Sophisticated LARS and tow winch system 8

9 Havila Phoenix Installation and Trenching Support DP2 with High Sea State Capability 1500m2 Deck Area, 4500te Deck Load T3200 and T1000 Trenchers, 2 x 200hp Work Class ROV s 250Te Active Heave Compensated Subsea Crane 2000Te Carousel Interring Anti Rolling System 9

10 T3200 Mechanical Cutter and Jetter Unrivalled 3200HP drive and trenching power Trench depths to 3.5m in both hard and soft seabed. 800kW single chain cutter with 600kW rear mounted jetting system (2200m3/hr water flow at 6 bar pressure) 1200kW jetting system with osculating and pivoting jetting swords (3400m3/hr at 9 bar pressure) Diverless seabed loading capability Fanbeam positioning in shallow water Active heave compensated launch and recovery

11 DeepOcean Jonathan Edwards /21/2017 DeepOcean Group 11

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