Issue 01 December 2016

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Issue 01 December 2016 DRILLING PACKAGE UPGRADES Pg. 4 INSPECTION AND INTEGRITY Pg. 8 POST TRUMP - WHAT FUTURE FOR U.S. RENEWABLES? S1 - Renewables

INTRODUCTION FROM THE CEO Stowen Group was started in 2014 with a simple aim: to provide an alternative and proactive approach to servicing the energy sector. 2 STOWEN ELECTRICAL Stowen Electrical delivers a complete range of electrical solutions to our clients in the global energy sector. We have extensive experience in inspection & testing and installing & maintaining hazardous area electrical systems in the Oil and Gas and Clean Energy sectors. Operating with competency assured and industry qualified electrical technicians working in accordance with our DNV accredited QHSE 9001,14001 and 18001 systems. Stowen Electrical Technicians are also IRATA certified for rope access enabling us to perform services at height without the need for scaffold or other expensive access solutions. At Stowen we undertake the full package, from initial survey to system design through to product supply and installation. This multi-disciplined approach ensures all aspects of your electrical project are covered, whether it's a full replacement and upgrade of drilling tools system and LER, replacement of helideck lighting to the latest HSE standards, upgrading fire and gas system or EX inspections and maintenance projects. For more information visit stowengroup.com or email enquiries@stowengroup.com Let Stowen Electrical exceed your expectations. I and the rest of the senior management team at Stowen have over twenty years experience each in the energy sector, and throughout our careers we've been struck by the complexity of bringing even apparently simple projects to fruition. Hiring in skilled workers from different companies to work collaboratively on something as straightforward as asset integrity inspections is complex, never mind working on large scale projects with multiple vendors! We decided to build Stowen Group on a simple premise - offering complete, turnkey solutions to clients for any project or asset. Clients come to us with a problem and we build them a solution. Clients get a single point of contact with us whilst we manage vendors, budgets and project timescales. This model has been a huge success, and our rapid global expansion has allowed us to open more bases on more continents. As we end 2016 we are delighted to announce the opening of our new Corporate Headquarters in Houston, Texas. We also now serve Africa from our operational supply base in Lagos, and the Middle East from our hub in Sharjah. We continue to serve Europe from our European Operational HQ in Great Yarmouth, Norfolk. Q4 of 2016 has seen us launch the new Stowen Inspection and Integrity Division. The addition of this division on a global basis further strengthens the depth of service we offer to the O&G market. Offering a wide and diverse portfolio of services globally continues to present exciting opportunities for the Group. 2016 has seen new challenges to the energy markets - macro and micro-economic factors such as Brexit in the UK and the continued slump in global oil price might seem challenging operating environments. At Stowen we understand that the energy sector is deeply cyclical. We've been here before, and we'll be here again. The pressures we face are opportunities too - to challenge ourselves to look harder and deeper into new and emerging markets and sectors. Stowen's Clean Energy Division is booming, as offshore renewables continue to grow near our Norfolk base in the UK. Decommissioning in the Southern North Sea has also been a growing market for us, as operators prepare for their assets reaching end-of-life. The rebranded company's new and refurbished premises and intentional expansion ensure the leadership team remain positive for the short and long-term placement of the Group. I hope you enjoy this, the first of many editions of Stowen News and wish you a prosperous 2017. MATHEW OWEN PRESIDENT - CEO 3

STOWEN GROUP OPENS NEW HOUSTON OFFICE IN THE With the opening of the new Katy, Texas office, Stowen Group now has four global offices covering every major continent. FRAME DRILLING PACKAGE UPGRADE Stowen is the leading, truly international provider of technical solutions for upgrade, repair and modification of drilling packages. Stowen has a wide range of in-house disciplines including: structural; piping; hydraulic; electrical and instrumentation; cyber drilling and well control interface, to enable a true turnkey solution OUR NEW OFFICE IN KATY, TEXAS We understand the logistical and administrative challenges our clients face managing multiple vendors. Stowen removes those challenges with a one stop in house solution. We take ownership of the project, from conceptual studies to installation, commissioning and close out. This methodology eliminates so many of the issues associated with maintaining financial and scheduling requirements Our turnkey approach has been proven time and time again, with multiple projects executed internationally under budget and ahead of schedule. SANDY MOTTRAM, VP For more information visit stowengroup.com or email enquiries@stowengroup.com In today's challenging market, it is imperative that projects are managed efficiently. Stowen s dedication, professionalism and expertise ensured that our recent upgrade was completed in time and on budget. I thank them for all their hard work and commend them for all they have achieved during this project. May of 2016 saw the opening of the new Stowen Corporate office in Katy Texas. With a transatlantic connection in the leadership team a USA location was always in the plan and with the down turn in the oil and gas sector, several potential locations became available. After a rigorous market search, the company selected the G-Tech Technology Centre at 1625 West Grand Parkway north. The fully serviced 36,000 sq. ft. facility on a 11-acre site offers modern serviced offices, spacious warehousing and yard storage. The serviced industrial space concept offered by the G-Tech centre is a perfect fit for the Stowen group, enabling us to offer full services from the location, room for rapid expansion and low-risk financial exposure. Along with housing the corporate offices, the facility encompasses the Operational base for the Americas - Stowen Inc. Stowen Inc is headed up by Sandy Mottram Vice President. Sandy has had an extensive career in the Energy sector, with particular strength in the Asset Integrity space. With a broad knowledge of inspection and compliance, Sandy is a welcome asset to the team. 4 Operations Engineer 5

YOU CAN READ MORE ABOUT SELECTED SERVICES IN THIS EDITION OF STOWEN NEWS. OUR SERVICES We offer bespoke, turnkey solutions to our clients that cover a range of disciplines. Let us manage your project and provide our skilled workforce rather than dealing with multiple vendors and POs. If you can't see the service you require listed, contact us. With four offices around the world we can work on any continent to your budget and timescale. For more information visit stowengroup.com or email enquiries@stowengroup.com CONSTRUCTION AND FABRICATION VISIT OUR WEBSITE FOR MORE INFORMATION DRILLING PACKAGE UPGRADE On and Offshore, fabrication and construction services from major upgrades, installations and commissioning through to minor modifications and decommissioning. Our website has a complete list of all the services we undertake, along with technical specifications and standards. stowengroup.com We undertake a complete turnkey service, from conceptual study to commission and close out. One Vendor, One Contract! See more on page 4. FABRIC MAINTENANCE PIPING AND MECHANICAL Complementing the full suite of services the fabric maintenance teams offer full range of modern and innovative blasting and coating process. Full piping services from engineering, design and fabrication through to Installation, inspection and maintenance. ELECTRICAL AND INSTRUMENTATION SERVICES Installation, inspection and testing of electrical systems to the up, mid and downstream energy sectors using multi-skilled rope access technicians. See more on page 2. INSPECTION AND INTEGRITY Innovative inspection techniques developed to minimise downtime and disruption to client operation. See more on page 8. ENGINEERING, SURVEYING & PROJECT MANAGEMENT In house project and engineering team work closely with our clients and our construction groups to ensure practical and efficient solutions are designed. ACCESS SOLUTIONS Our multi-disciplined personnel are rope access Irata certified, ensuring maximum efficiency and eliminating cost and time of scaffold installations. 6 7

IN THE FRAME COLIN'S CORNER COLIN STEWART TECHNICAL DIRECTOR INSPECTION AND INTEGRITY Stowen Inspection and Integrity understand the challenges operators face when it comes to enduring operational down time to enable vital compliance checks to be conducted. Finding ways to minimise this disruption is our focus. We are continually supplying our clients with a new, innovative and cost effective asset integrity service. At Stowen we continually create and search for new advancements and technologies in the inspection arena that can enable us to improve the efficiency of the integrity service Our in-house Technical team continually develop the advanced inspection methods and techniques. These advanced techniques enable us to ensure compliance while minimising the disruption to operations that is typically associated with integrity inspections. We focus on reducing or eliminating major strip down of components or personnel presence on the asset that typically result in significant down time for the asset. With a Global presence, certified and approved procedures and our state of the art online reporting system our services ensure overall integrity, risk, reliability and performance of your assets Whether you re an operator, owner in the up, mid or downstream sector, our skilled team are here to help and demonstrate the benefit that is Stowen Inspection and Integrity. Try Something New! Colin and the Technical team have been challenged with confined space thruster motor removals (Each weighing 15Te). Colin explains the challenges facing many vessel owners and operators with heavy equipment installed deep in the hull. More importantly Colin explains the solution and where Stowen can help. Stowen was approached by a major equipment supplier to undertake a removal of up to 8 thruster motors in the hull of a vessel in the Gulf of Mexico. Having had similar experiences with this, we were well placed to support the client right from the start. Mobilising 2 multi skilled technicians Stowen set about a detailed survey assessing the location of the motors, detailing lifting points (or lack of), electrical and mechanical disconnect and lay down areas for service. It was soon ascertained that additional lifting points would be required to enable the motor to be not only removed, but rotated through 90 degrees and set down to undergo mechanical maintenance. The key value point for the client in engaging Stowen was the ability for Stowen to undertake a true turnkey approach to the project. Following the survey, we entered the engineering and planning phase. Using the detailed survey notes, we were able to work with the vessel OEM in engineering structural reinforcement and lifting points to be installed. In tandem with this structural aspect, Stowen project team set about the detailing the rigging and lifting plan for removal, set down and reinstallation The advantages of an in-house multi-disciplined team where prevalent, working to extremely tight time lines, Stowen compiled a comprehensive engineering study and Construction work pack including: lift plans, electrical and mechanical disconnects and reinstatement, project plan, materials and equipment list and commissioning documentation. 8 For more information visit stowengroup.com or email enquiries@stowengroup.com 9

INSIDE STOWEN CONTRACTS COMPLETED STOWEN HOUSTON GAINS DNV ISO 9001 ACCREDITATION STOWEN GROUP COMPLETES SHAKER UPGRADE TROY HOLLIS REJOINS US AS SUPPLY CHAIN MANAGER Stowen are pleased to welcome Troy Hollis back into the team. Having worked within the team previously, Troy took a career break early 2016 to undertake some personal goals. Troy has returned to the European HQ in the capacity of Supply Chain Manager With over 20 years experience in engineering and construction and extensive knowledge of manufacturing and fabrication Troy has a keen ability to identify and manage key suppliers and develop the value chain with the organisation. EXHIBIT AT OFFSHORE EUROPE Stowen corporate HQ in Houston Texas has been successfully audited by DNV and awarded ISO 9001. Many thanks to Stowen s Global QHSE lead, Bob Catchpole for driving this success. The award adds to the growing list of accreditations that further increase the depth of Governance offered by the Stowen Group on an international platform. STOWEN WELCOMES DILLON SMITH TO HOUSTON OIL AND GAS Stowen Inc, are pleased to Welcome Dillon Smith to the Oil and Gas Division in Houston. Dillon has great experience in the area of NDT Techniques with particular expertise and gravitas in advanced NDT techniques. Dillon s desire and enthusiasm for applying technical advancements to real world scenarios will further ensure the Inspection and Integrity team stay ahead of the curve. Welcome Dillon! In July this year Stowen was awarded upgrade and maintenance scopes for an international drilling contractor to be completed key side in the Port of Dundee. As part of the upgrade work scopes the existing shaker and mud recovery system were to be replaced with an entirely new shaker system. Due to client contractual obligation, Stowen were given just four weeks and a very tight budget in which to complete the replacement! A tall order but we were up to the challenge. The existing system consisted of 6 shale shakers, two scalper shakers, An H-VAC system and four centrifuges. The shaker house itself was split between three levels; main deck, mezzanine and upper level. This configuration made the destruct especially challenging with the equipment so tightly installed and on all levels. During the destruct phase we were also faced with conflicting project work scopes and lack of crane availability. The modification and installation phase was not without its challenges either! Luckily, the construction team was staffed with Stowen inhouse skilled engineers. Our Structural, Piping and Electrical service personnel (assisted by the client s deck crew for painting) were able to overcome all the obstacles to complete the installation and commissioning on time and within budget. The new replacement system is now a much cleaner design with 4 new Axiom AX-1 shale shakers on the mezzanine level, Screw Conveyor on the main deck and H-VAC system on the upper level. A very successful project executed by the team at Stowen! Axiom Process Ltd would like to thank Stowen for their Service and Support given during the recent AX-1 Shaker Installation. All parties worked well together to bring the project in ahead of schedule. We look forward to working with Stowen again in the near future. Ryan Ireland - Service Manager Axiom Process Ltd. Stowen Group exhibited at the Offshore Energy Exhibition and Conference in Amsterdam in October. A very busy and extremely beneficial 3-day event for both Clean Energy and Oil and Gas 10 Divisions. It proved a great event for networking and building new relations. ON THE STOWEN STAND AT OFFSHORE EUROPE BEFORE AFTER 11

WORK SOMEWHERE THAT TAPS INTO YOUR FULL POTENTIAL. Stowen continually push the boundaries for engineering firsts, technical breakthroughs and safety and environmental excellence. Would you like a career where everyone s perspective is valued and where everyone is able to make an impact? Contact careers@stowengroup.com James Watt Close, Gapton Hall Ind Est, Great Yarmouth, Norfolk, United Kingdom NR31 0NX +44 (0) 1493 653903 1625 W. Grand Parkway N. Katy, Texas, 77493 U.S.A +1 281 392 9959 Warehouse Q4-11 Saif Zone, P.O.Box 122355 Sharjah, UAE +971 (0)6 5528 150 Plot 6A Wole Olateju Lekki 1, Lagos Nigeria +234 814 957 3191 Printed on 100% recyled paper