Y O U R N E E D S M A K E O U R D I F F E R E N C E

Y O U R N E E D S M A K E O U R D I F F E R E N C E

We are a SHIPBUILDING COMPANY specialized in DESIGNING AND CONSTRUCTION of high-value OFFSHORE CUSTOM MADE VESSELS. Through our network of highly qualified partners we put ourselves as the tool for our clients to TRANSLATE THEIR OPERATIVE EXPERIENCE and INNOVATION CAPABILITIES INTO VESSELS which optimize the CAPEX/OPEX ratio and GUARANTEE ON-TIME DELIVERY.

WIDE SHIPBUILDING EXPERIENCE Thanks to the Fincantieri network of offshore specialists, we offer to even the most demanding owners high/value DRILLSHIPS, SEMI-SUBMERSIBLE DRILLING RIGS AND OTHER HIGHLY SPECIALIZED OFFSHORE VESSELS that stand out for high performances, innovative solutions and optimization of the CAPEX/OPEX ratio. Our efforts, focused on this specific industry, a careful selection of suppliers and an efficient network of partners allow us to always provide the right product for your needs. AND THIS MAKES THE DIFFERENCE IN YOUR WORK. RELIABILITYCUSTOMIZATION OPERATIVE EFFICIENCY THESE ARE THE KEY FEATURES DISTINGUISHING OUR PRODUCTS.

WORK OUR OFFSHORE DRILLING UNITS GUARANTEE TOP-END PERFORMANCES, LARGER OPERATIVE CAPABILITY AND HIGHER EFFICIENCY. IN DRILLSHIPS AND SEMI-SUBMERSIBLE DRILLING RIGS, WE GUARANTEE A BETTER AND SAFER WORKING ENVIRONMENT, paying special attention to the operator s comfort and taking care of the vessel s BETTER interior design for a crew-friendly environment. W I T H B E T T E R PRODUCTS A higher operational efficiency of the products means real and significant benefits in terms of time and cost savings, and it will allowing at the same time an increased yearly operability. We produce eco-friendly drilling units with lower emissions and reduced fuel consumption, in order to guarantee a more sustainable offshore drilling activity.

WHY WE CANMAKETHE DIFFERENCE OUR AIM IS TO BUILD THE NEXT GENERATION DRILLING UNITS. This is possible thanks to a CONSTANT INNOVATION, a strong design as well as to our engineering and R&D capabilities and strategic partnerships with some of the most important, innovative offshore design companies. In any product, we combine our traditional knowledge with cutting-edge design and constructions methods. A significant experience in TAILOR-MADE DESIGN and PRODUCTS CUSTOMIZATION, according to client s requirements, is the best guarantee for the complete satisfaction of the customer. Relevant project management capabilities enables us to always meet the client s needs and expectations. A strong experience as system integrator on complex vessels construction allows us to offer TURNKEY SOLUTIONS in any business segment (offshore, merchant ships, naval vessels and mega yachts) and to ensure delivery on time and on budget. 3,650 mt/12,000 ft MAX. WATER DEPTH 12,000 mt/40,000 ft PRESENT MAX. DRILLING DEPTH 15,000 mt/50,000 ft NEW FRONTIER OF DRILLING DEPTH OVERDRILL THE ULTIMATE FRONTIER FOR ULTRADEEPWATER DRILLING AND BEYOND WATER EARTH SOIL RESERVOIR DISTINCTIVE FEATURES OF THE NEW DRILLSHIPS DESIGN AREA MAIN ITEMS DRILLING SYSTEMS EFFICIENCY AND SAFETY WORKING AREAS GREEN RIG Enhanced drilling capabilities High payload capacity Large deck areas 20k well control system & space for double BOP 20 kpsi Upgradable mud system Dynamic Positioning DP3 Hull design improving seakeeping and operation Higher degree of automation Material handling equipment Increased efficiency Enclose ring main escape route Crew-friendly environment NOx reduction system Energy saving HVAC system Environment friendly waste management

At the of a FINCANTIERI OFFSHORE ACTS AS A PRIME CONTRACTOR WITHIN A WORLDWIDE INTEGRATED OFFSHORE NETWORK OF SPECIALISTS, PLAYING THE ROLE OF LEADING COMPANY. SHARING EQUIPMENT SUPPLIERS SHIPYARD NETWORK CROSS INNOVATIVE DESIGNERS (PRIME CONTRACTOR) FINCANTIERI R&D AND ENGINEERING COMPANIES Our BUSINESS MODEL is based also on the COMPETENCE SHARING with the other Fincantieri business units, innovative designers and specialized high-quality suppliers. COMPETENCE POLO OFFSHORE SUPPLY CHAIN OTHER FINCANTIERI BUSINESS UNITS FERTILIZATION The continuous CROSS-FERTILIZATION and SHARING OF COMPETENCE, know-how and BEST PRACTICE within the Fincantieri network allow a constant process and product improvement. Thanks to our Offshore Network we can supply our vessels with advanced patented technical solutions (1). Our significant experience and capabilities in SUPPLIERS INTEGRATION and PROJECT MANAGEMENT are certified by the impressive track record of 7,000 vessels delivered in 200 years. (1) Examples of advanced technical solutions patented: - RHS, a fully automated riser handling system developed by Fincantieri and Navalimpianti; - Innovative retractable underwater mountable azimuthal thruster developed by Fincantieri Marine Systems. F I N C A N T I E R I C O M P A N I E S P O L O O F F S H O R E S U P P L Y C H A I N S T R A T E G I C P A R T N E R S H I P CETENA Research - Hydrodynamics, structure & materials, noise & vibration, ship survivability, ergonomics and human factors, environment & pollution, virtual prototyping Consultancy & services - Ship design, ship production, ship operations, workshop tests, ship monitoring systems SEASTEMA Design, development and achievement of integrated automation systems, e.g. - Supervision control and monitoring system / Power management system / Propulsion control system FINCANTIERI MARINE SYSTEMS Design and construction of components tailor made on client s requirements, e.g. - Diesel engines, Steam turbines, Dynamic positioning systems, Mechanical components, shaft lines, fin stabilizers, steering gears, thrusters DRILLMEC Drilling systems GORIZIANE Handling equipment and systems MECCANO Functional and coordinative engineering NAVALIMPIANTI-TECNIMPIANTI Lifting & Handling and Hydraulic & Automation Systems NAVAL PROGETTI Offshore design/engineering ROSETTI MARINO Offshore EPC contractor ETS Electrical & instrumentation engineering IMESA Electrical manufacturer and designer AQUA ENGINEERING Offhsore design/engineering

YARD PHILOSOPHY We can count on 3 Fincantieri yards and several external construction partners. These sites share the same HSE, production techniques and high-quality production standards, as if they were one single yard. HSE AND HIGH QUALITY PRODUCTION STANDARDS SHARING OF COMPETENCE OFFSHORE SPECIALISTS NETWORK SESTRI PONENTE Site area 415,000 SQM Covered area 87,000 SQM Dry dock size 285x42 M Steel production 13,200 T/YEAR ANCONA Site area 340,000 SQM Covered area 65,000 SQM Dry dock size 240x55 M Steel production 12,000 T/YEAR PALERMO Site area 240,000 SQM Covered area 53,000 SQM Dry dock size 370x65 M Steel production 9,600 T/YEAR Fincantieri pays HIGH ATTENTION TO HUMAN SAFETY and to Work Environment values. The topics of Safety and Environment Protection are for Fincantieri asset of strategic value. The sensitivness and attention towards the continuous betterment of the safety conditions and the environment protection are Fincantieri guiding values. The aim is to create and mantain an HSE mindset among all our workers, and to take personal responsibility for controlling and improving the working conditions. Fincantieri, on the basis of indications from Lloyd s Market, has adopted the wording JH143, defined by the Joint Hull Committee (composed of underwriter representatives) as an evaluation and certification method for Safety and Prevention Standards during shipbuilding. The continuous improvements pursued in the last 5 years have given us the possibility to mantain the highest standard toward the shipbuilding Risk Management. This status has been confirmed by the B-region rating, which represents the highest rate in Europe. As a matter of fact, the achievment of a reduction in LTI events by 50% in the last four years, is a clear result of the Fincantieri attention to HSE.

OUR OFFSHORE TRACK RECORD SCARABEO 8 SEMI-SUBMERSIBLE DRILLING UNIT Length 118.5 m Breadth 72.7 m T transit condition 9.9 m Water depth 3,000.0 m Drilling depth 10,660.0 m SAIPEM 7000 SEMI SUBMERSIBLE CRANE AND PIPELAYING (J-LAY) DP VESSEL Length 198.0 m Breadth 87.0 m T transit condition 45.0 m Lifting capacity 14,000.0 t Equipment Pipe: diameter range from 4" to 32" SPIRIT OF COLUMBUS DRILLING AND PRODUCTION PLATFORM Length 112.8 m Breadth 78.0 m T transit condition 10.0 m Water depth 1,500.0 m Drilling depth 7,600.0 m MOSS 424 AHTS VESSELS Length 76.5 m Breadth 17.5 m T transit condition 5.5 m Speed 16.3 kn Bollard Pull 188.0 t CASTORO 6 SEMI-SUBMERSIBLE S-PIPE LAY VESSEL Length 152.0 m Breadth 70.5 m T transit condition 9.5 m Lifting capacity 998.0 t Equipment 2x90 t pipe tensioner, 5 welding stations with passo system PERRO NEGRO 3 SELF-ELEVATING DRILLING PLATFORM VESSEL Length 54.9 m Breadth 53.3 m Length of Legs 125.0 m Water depth 110.0 m Drilling depth 6,100.0 m SCARABEO 5 SEMI SUBMERSIBLE DRILLING UNIT Length 111.6 m Breadth 72.2 m T transit condition 9.0 m Water depth 1,900.0 m Drilling depth 7,600.0 m TELIRI CABLE LAYING AND REPAIR VESSEL Length 111.5 m Breadth 19.0 m Length of Legs 12.5 m Speed 16.5 kn Equipment two drum cable engines, 4 m diameter and 45 t (each) pulling capacity SCARABEO II SEMI-SUBMERSIBLE DRILLING UNIT Length 106.2 m Breadth 91.4 m Water depth 4,754.0 m Maximum draft 21.5 m Full displacement 17,060.0 t TYPE SSDR (1) PIPE LAYER (2) + CABLE LAYER AHTS-PSV 38 OFFSHORE VESSELS BUILT IN THE LAST 30 YEARS. OCEANOGRAPHIC VESSELS LNG FPSO-FSO OTHERS (3) TOTAL DELIVERED 3 5 16 6 2 3 3 38 CLIENT PORTFOLIO (1) Includes Spirit of Columbus which is also a production platform (2) Includes Saipem 7000 which is also a Crane Heavy lift vessel with 14,000 tons lifting capacity (3) Includes Perro negro Jack Up, Pearl Marine crane vessels and Micoperi 45 Launching Barge

200 WORLD WIDE Vard Head Quarter ORGANIZATION YEARS OF TRADITION ÅLESUND Vard Langsten Vard Aukra Vard Brattvaag Vard Søviknes Vard Brevik Vard Braila S.A. Vard Tulcea S.A. MARINETTE Wisconsin Marinette Marine Corp. STURGEON BAY Wisconsin Bay Shipbuilding Co. NORWAY GREEN BAY Wisconsin Ace Marine LLC Fincantieri USA Inc. ROMANIA NEW DELHI Fincantieri India Private Ltd. WASHINGTON, D.C. Fincantieri USA Inc. Fincantieri Marine Group LLC FINCANTIERI GROUP has a renowned and consolidated experience in the shipbuilding sector. It can boast 7,000 SHIPS DELIVERED in 200 years, and the oldest shipyard in the world still in operation. Fincantieri stands out for its wide and diversified production. CHESAPEAKE Virginia Fincantieri Marine Systems North America Inc. INDIA BUSINESS UNIT AREAS MERCHANT SHIPS CRUISE SHIPS NAVAL VESSELS MEGA YACHTS OFFSHORE VESSELS MARINE SYSTEMS SHIP REPAIRS AND CONVERSIONS FERRIES MIAMI Miami Office RIVA TRIGOSO MARGHERA MUGGIANO PRODUCTS USA POST PANAMAX FAST FERRIES AIRCRAFT CARRIERS PANAMAX CRUISE FERRIES SUBMARINES MINI CRUISES RO-PAX LUXURY YACHTS >70MT SEMI-SUB SYSTEMS PROPELLERS SPECIAL SURVEYS FRIGATES PIPELAYERS FIN STABILIZERS REFURBISHMENT CORVETTES MULTIPURPOSE VESSELS STEERING GEARS REFITTING PATROL VESSELS AHTS TUNNEL THRUSTERS OCEANOGRAPHIC VESSELS DESTROYERS LPG/LNG STEAM TURBINES SPECIAL PURPOSE VESSELS (SPVS) FPO/FPSO DIESEL ENGINES CRANE/DERRIK VESSELS OFFSHORE COMPONENTS OTHERS (1) AMERICAS USA SHIPYARDS PLANTS MUGGIANO MARGHERA SESTRI PONENTE ANCONA ANCONA MUGGIANO ROMA Rome Office Vard Promar S.A. COMPONENTS BARI CASTELLAMMARE DI STABIA USA FINCANTIERI USA INC. FINCANTIERI MARINE SYSTEMS NORTH AMERICA INC. FINCANTIERI MARINE GROUP LLC MMC MARINETTE MARINE CORP. ACE MARINE LLC BSC BAY SHIPBUILDING CO. MIAMI OFFICE Vard Vung Tau Ltd. VIETNAM Vard Niterói S.A. Fincantieri do Brasil Participações S.A. PALERMO RIO DE JANEIRO ITALY ASIA INDIA EUROPE BRAZIL CASTELLAMMARE DI STABIA ANCONA BRAZIL OTHERS(2) MONFALCONE UAE DRY-DOCKING DRILLSHIPS LOGISTIC SUPPORT VESSELS ABU DHABI Etihad Ship Building LLC TRIESTE MONFALCONE GENOVA SESTRI PONENTE SESTRI PONENTE RIVA TRIGOSO TRIESTE ATSM RIVA TRIGOSO ANCONA BARI MUGGIANO MARINETTE PALERMO PALERMO ITALY FINCANTIERI DO BRASIL PARTICIPAÇÕES S.A. VARD NITERÓI S.A. VARD PROMAR S.A. GREEN BAY STURGEON BAY 1. Includes barges, tugs, etc. built in the Great Lakes Area (US) / 2. Includes jack-ups, launching barges, cable lay ships FINCANTIERI INDIA PRIVATE LTD. SUBSIDIARIES DOCKS SHIPYARDS BUSINESS UNITS JOINT VENTURE REPRESENTATIVE OFFICES NORWAY TRIESTE GENOVA HEAD OFFICE NAVAL VESSELS MERCHANT SHIPS MARINE SYSTEMS SHIP REPAIRS AND CONVERSIONS ORIZZONTE SISTEMI NAVALI S.P.A. OFFSHORE CETENA S.P.A. DELFI S.R.L. ROMA SEASTEMA S.P.A. MUGGIANO MEGA YACHTS BARI ISOTTA FRASCHINI MOTORI S.P.A. TRIESTE ATSM DOCK MUGGIANO DOCK PALERMO DOCK MONFALCONE SHIPYARD MARGHERA SHIPYARD ANCONA SHIPYARD SESTRI PONENTE SHIPYARD RIVA TRIGOSO - MUGGIANO SHIPYARD CASTELLAMMARE DI STABIA SHIPYARD PALERMO SHIPYARD VARD GROUP A.S. (HEADQUARTER) VARD LANGSTEN VARD AUKRA VARD BRATTVAAG VARD BREVIK VARD SØVIKNES ROMANIA VARD BRAILA S.A. VARD TULCEA S.A. UAE ETIHAD SHIPBUILDING LLC VIETNAM VARD VUNG TAU LTD.

FINCANTIERI OFFSHORE Passeggio Sant Andrea, 6/A 34123 Trieste - Italy phone +39 040 3193931 fax +39 040 3193551 F I N C A N T I E R I O F F S H O R E. C O M

F I N C A N T I E R I O F F S H O R E. C O M