CONSTANŢA SHIPYARD ESTABLISHED

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ESTABLISHED 1892

Content The Shipyard at a glance: past and present The Newbuildings activity Ship Design activity - SNC Ship Design The Repairs & Conversion activity - Representative projects carried out for Romanian Navy

Location: Situated in the SE Europe, Romania is part of the European Union as a full member state since January 1st, 2007; Constanta Shipyard is located in the port of Constanta, on the western shore of the Black Sea; Constanta Shipyard is situated in the Free Trade Zone area; Distances from the Constanta Shipyard to some basic landmark points are as below: Bosfor - 196 nautical miles Suez - 1,067 nautical miles Gibraltar - 1,996 nautical miles

Company timeline Over 120 Years of Tradition & Experience SNC delivered the motor yacht Crai Nou, the first new ship ever constructed at the yard Launching of the first Panamax bulkcarrier named Tomis. During 1975-1990 SNC became the largest Romanian shipyard, a reliable supplier of Panamax & Capesize bulkcarriers and Aframax & Suezmax tankers for Romanian fleet and foreign customers Privatization of the shipyard SNC delivered the first partially outfitted hull construction of the first LNG propelled PSV vessel in the world SNC is ranked 3 rd MR shipbuilder in the world. The 41,000dwt Product & Chemical tanker is awarded Ship of the year SNC celebrated the 120 th anniversary by delivering the 20 th vessel from the 41,000 dwt Product & Chemical tanker series, which also represented the 450 th vessel delivered since 1892 In 120 years of activity more than 6000 vessels have been repaired in the yard Newbuilding contract for a pipe layer barge for Caspian Sea application. Newbuilding contract for an oil / chemical tanker 9,000 tdw 1892 1936 1960 1975 1980 1990 2002 2005 2008 2009 2012 2013 2014 2015 First documented evidence of the existence of SNC as a shiprepair facility SNC took the strategic decision to develop newbuilding activities and launched a major investment plan. Two new huge dry docks and numerous fabrication workshops were built The change of tide in Eastern Europe had also influenced the development of the yard s business. Most of the orders were delivered to foreign customers, mainly from European countries SNC makes delivery of its first in house bespoke design, a 41,000 dwt Product & Chemical tanker SNC completed the largest conversion project, from an Aframax tanker into a Post- Panamax bulkcarrier, probably the only one of its kind in all of Europe SNC will deliver the first ROV / Survey vessel fully equipped for safe and efficient offshore operations in the Black Sea Continued activity for building Medium Range Tankers, which is Constanta Shipyard s main newbuilding product

SHIPYARD S LAYOUT Dock Maximum capacity Dry dock no. 1 200,000 dwt Dry dock no. 2 140,000 dwt Floating Dock no. 1 Floating Dock no. 2 15,000 dwt 40,000 dwt Length, m 350 350 138 180 Width, m 58 48 23 32 Depth, m 10 10 4 6 Cranes 2 x 480 t 1 x 120 t 2 x 16 t 2 x 120 t 1 x 50 t 2 x 8 t 2 x 15 t 1 11 8 3 120 tf 2 120 tf QUAY A 1. Main entrance gate 2. Floating dock no. 1 3. Floating dock no. 2 4. Dry dock no. 1 5. Dry dock no. 2 6 12 2x480 tf 5 4 120 tf QUAY B 9 6. Hull indoor 7. Steel storage 8. Machining workshop 9. Mechanical and electrical workshop 10. Pipe workshop 7 13 QUAY C 11. Office building 12. Pre-erection platform 10 14 13. Blasting & painting workshop 14. Outfitting workshop

Organization Structure Board of Administration Board of Directors SNC Ship Design Managing Director Financial-Accounting Department Human Resources Department QA/QC Department ERP System Manager Deputy Managing Director Greece Representative Office Technical & Planning Department Commercial Department Newbuilding Department Repairs Department Production Director Hull Section Pipe & Steel Fabrication Outfitting & Testing Blasting & Painting Logistic & Maint.

Quality & Environmental Management System SNC s Quality Management System is certificated by Germanischer Lloyd s on conformity to international standard of ISO 9001:2008 for design, production, maintenance and repair services; In order to accomplish the business targets, the Quality Management System is coupled with ISO 14001:2004 Environmental Management System certificate which regards all aspects of environmental damages; Which in turn is coupled with OHSAS 18001:2007 Occupational Health and Safety System certificate to assess the risk involved in each process; NATO Quality Assurance Requirements for design, development and production are met by the AQAP 2110 certificate; Main purpose of the Quality & Environmental Management System is to assure best possible services to the customers, according to the related classification society s rules, in order to increase quality and efficiency; Our quality management system is getting improved according to the feedbacks received by means of Customer Satisfaction Questionnaires which are performed at the end of each newbuilding and repair job;

Optimal Management of the Resources through the new ERP System Design, Engineering & Planning Execution & Production Cntrol Design & Engineering Design: -design planning -design activity -material handling -steel handling Execution & Production Control -steel production -production control -quality control Planning & PM product estimation- & budget rough planning- detail planning- Business Management (HR) -Access & TimeSheet Attendance -Human Resources -Payroll ERP System integrates: TRIBON, AUTOCAD, CHARISMA, MMC, PRIMAVERA Business Management (Financial) Opperational -sales -purchase -import-export -stock management -fixed assets Accountin g financialaccounting - post calculation- Business Management HR Payroll Business Management Material & Financial Control This complete business solution (ERP) tailor-made for shipbuilding manages the total business process, from pre-calculations of a new ship to repair until the ship has been completed. The system enables systematic information sharing between all internal departments. Project oriented production complete control of all resources and project accounts for complex production, enabling to measure cost-effectiveness in each total or partial delivery and also in the company in general.

Complete capability to integrate all the ship s systems, including sensitive mechanical and electrical sub-systems ȘANTIERUL NAVAL CONSTANȚA S.A. Sample - resources for the production of one tanker of 41,000 DWT: 1.500 drawings; 11.000 activities; 350 equipments 80.000 m cables; 8.400 tone plates 200.000 steel items; 28.000 m pipe; 2.000 de valves 160.000 sqm blasted 400.000 sqm painted

Design & Engineering NEWBUILDING PRODUCTION FLOW FULLY COVERED BY CONSTANTA SHIPYARD Delivery Assembly & Indoor outfitting Blasting & Painting

Newbuilding Project s Organization Project Manager Assistant Project Manager Project Dispatcher Project Design Manager Production Planning & Control Key Person Production Engineering Key Person Production Key Person Material Control & Procurement Key Person Equipment Purchase Key Person Finance & Budget Control Project QA / QC Hull Key Person Outfitting Key Person Piping Key Person Blasting & Painting Key Person Key Person QA Hull Inspector Outfitting Inspector Painting Inspector

NEWBUILDING ACTIVITY World s 3rd ranked shipbuilder for M.R. Tankers!

SNC adaptability for any kind of project is proven by its track record, below exemplified by various newbuilding turn-key projects delivered Medium Range Tanker Pipe / Cable laying Barge for Offshore ROV/Survey Vessel LNG propelled PSV Floating Crane for Offshore Operation

Ship Design activity SNC Ship Design EFFECTIVE & high quality SHIP DESIGN SNC Ship Design SRL was established in 2006 as a fully owned subsidiary of Constanta Shipyard, in order to provide design services at all stages from contract to delivery Headquarter: Constanţa Shipyard; Personnel: over 35 experienced Naval Architects and Marine Structural Engineers; It provides naval architecture, engineering, design and operation services to the International Shipping, Shipbuilding, Navy and Offshore Industries It has earned its reputation for innovative and successful designs in the Product and Chemical tanker market and has been a leader in creating eco fuel - efficient vessels for service in the marine transportation industry

SNC SHIP DESIGN ESTABLISHED 2006 References for navy projects UK MoD MARS Program Project period 2010-2011. Complete concept design package, as partners of Thales UK, for conversion of our 41,000 dwt Product/Chemical Tanker to the UK requirements for the provision of Military Afloat Reach and Sustainability vessels (MARS). Romanian corvette. Project period 2009-2010. Concept design package, as partners of Thales NV, for Romanian MoD intended program of renewing the fleet of vessels intended for SAR and EEZ protection..

SHIP REPAIRS & CONVERSIONS 120 YEARS OF EXPERIENCE Repairs activity: 80-100 vessels per year

Types of Works GENERAL SERVICES Pilot & Tugboat services Attendance for shifting Other services: shore power, ballast water, cooling water, compressed air supply, etc. DOCKING WORKS We can accommodate ships of various sizes, from tugs to Suezmax tankers Works: Sea chest, Sea strainers, Anodic protection, Anchors & chains, Valves overhauling, Tail shaft, Stern tube and propeller, Rudder BLASTING AND PAINTING WORKS Hull treatment & marks Cargo tanks & cargo holds treatment Water ballast treatment Hatch covers treatment Various types of paints application, including Phenolic epoxies Silicon based antifouling High abrasive resistant (3 components) STEEL WORKS Steel works renewal: Hull, Hatch Covers, Hatch Coamings Soft steel works PIPE WORKS Straight pipe on deck and /or open space renewal Elbow/bend, Low pressure flange, Heating Coils renewal Handrails on deck and accommodation MECHANICAL & ELECTRICAL WORKS Main Engines & Auxiliary Engines Overhauling (MAN B&W, Kawasaki, Sulzer), including parts reconditioning Engine's Governors & Turbo chargers Overhauling (Sulzer, MAN, Brown Bowery, Napier type) Air coolers Overhauling Boilers & Heat exchangers Overhauling Mooring winches PV Valves & Pumps Overhauling Lifeboats, Davits & Crane tests Alternators Overhauling Electric motors Overhauling Installation of electric cables We can perform repair works in docks or afloat.

Retrofitting Projects & Ships energy efficiency measures & Upgrades Water ballast treatment installation Exhaust Gas Scrubber (EGS) Low Sulphur treatment plant New Navigation & Automation Systems NewEquipment Installation Additional Exhaust Gas Boilers (EGB)

Within ship repairs and conversion activity, Constanta Shipyard is the prime contractor to the Romanian Navy for repairs and dry-dockings works

Representative projects carried out for Romanian Navy ȘANTIERUL NAVAL CONSTANȚA S.A. Project Period Special Works Frigate Marasesti F111 September 2007 Submarine Delfinul NS Mircea Frigate Regina Maria F222 Frigate Regele Ferdinand F221 November 2007 December 2011 November 2008 December 2015 September 2009 June 2013 December 2014 June 2010 May June 2012 Corvette 265 February 2013 NST Albatros July 2013 December 2011: - Docking in emergency conditions - Repairs at submarine s hull with the removal and refit of the external insulation September 2009: - First docking of a T22R frigate in Romania - Replacement of the starboard propeller blades

WHY? Most versatile Romanian shipyard in terms of newbuilding, conversions & shiprepair projects Complete in-house integration of design, purchasing, production and testing activities; Prime Contractor to the Romanian Navy for repair and dry-dock works; PARTNER FOR THE FUTURE THANK YOU!