THE BOART LONGYEAR WAY Our Code of Business Conduct Table of Contents Table of Contents Resources Table of Contents OUR CODE OF BUSINESS CONDUCT

A Message from our Chairman 4 OUR VALUES GUIDE OUR ACTIONS

We Follow Our Code • About the Code 7 • Our Responsibilities 8 • Making Good Decisions 9 • Sharing Concerns 10

We Care About People • Diversity and Inclusion 13 • A Positive Workplace 14 • Health and Safety 16 • Human Rights 18

We Protect Our Company • Confidential Information 21 • Use of Company Assets 22 • Accurate Recordkeeping and Financial Reporting 23 • Conflicts of Interest 24 • Gifts, Entertainment and Hospitality 26 • Third Party Relationships 28 • Quality 29 • Speaking on Behalf of our Company 30

We Do What’s Right TABLE OF • Fair Competition 33 • Anti-corruption, Anti-bribery 34 • International Trade 36 • Interactions with Government Officials 38 • Money Laundering 39 CONTENTS • Insider Trading 40 • Environmental Protection 41 • Charitable and Political Activity 42

Closing Thoughts 43

Resources 44

2 3 Message From Our Chairman Our Values Guide Our Actions Resources Table of Contents

A MESSAGE FROM OUR VALUES GUIDE OUR CHAIRMAN OUR ACTIONS

Look inside any great company, and what will you find at its core? In every case you’ll Our industry and our Company have evolved significantly over the last century, but our commitment find great people doing great things – people with integrity and dedication to excellence. to our values remains unchanged. We look to our values to inspire us and guide our daily actions: At Boart Longyear, our people make us one of the world’s most trusted providers in the and drilling industry.

Our legacy is a long and successful one, and our goal is to preserve it for generations HEALTH AND SAFETY to come. I have no doubt that we can reach that goal by putting our values into action. We keep health and safety foremost so that we all make it safe, make it personal and That is the Boart Longyear Way. It’s also the promise we make to the customers and make it home. communities we serve. Building on a legacy like ours takes a sincere and sustained commitment to integrity. INTEGRITY But it’s hard to know the right thing to do in every situation, or in some cases, even to recognize situations that could be problematic. That is why we have our Code of We inspire trust by doing what is right, doing what we say we will do, and being accountable for our actions. Business Conduct. It’s your tool for making good decisions and upholding Boart Longyear’s principles.

Please read the Code carefully and take its guidance to heart. Then let us know if you CUSTOMER FOCUS see conduct that violates the Code, our policies or the law. We realize the Code can’t We are dedicated to our customers’ success and providing innovative solutions. answer every question you might have, so ask questions if something isn’t clear or just doesn’t feel right, even if you’re not quite sure why.

Remember, Boart Longyear’s legacy is in your hands. We may be scattered across TEAMWORK the globe, but we work as one team with the shared goal of preserving our good We respect each other, embrace our diversity and value the importance of name and financial success for decades to come. transparent and honest communications.

Marcus Randolph Chairman of the Board of Directors

4 5 We Follow Our Code We Follow Our Code / About the Code Resources Table of Contents

Code violations ABOUT THE CODE Any act that violates our Code or the law could We look to our Code of Business Conduct to help damage Boart Longyear’s reputation and financial us live and work the Boart Longyear Way. It reflects prospects. A violation happens when someone our values and provides an overview of many of the doesn’t follow our policies, ignores someone complex legal and compliance issues we face every else’s misconduct or pressures someone to day as a company. The Code also offers guidance violate the Code. to help us follow the laws and regulations that apply to our business. Even if it doesn’t have all the We take all violations seriously. They will lead to answers you’re looking for, the Code can point you disciplinary action, and possibly, termination. If to additional policies and resources for help. an act violates the law, it could result in criminal prosecution, fines or jail time.

WHO MUST FOLLOW THE CODE? We are committed to reviewing all potential If you work for Boart Longyear, this Code applies violations thoroughly and fairly and consistently to you – no matter where in the world you work addressing acts that violate our Code. No one or what job you hold. at Boart Longyear is “above the law.”

That includes all full-time or part-time: Code updates FIELD EMPLOYEES When laws and regulations change, our Code must change as well, so we will make periodic OFFICE EMPLOYEES updates. When you refer to the Code often, you can stay current on what’s required of you and our Company. SUPERVISORS

EXECUTIVES

DIRECTORS

It also applies to anyone who works on Boart Longyear’s behalf, like:

VENDORS AND SUPPLIERS

SERVICE PROVIDERS We bring our values to work each day, reflecting them in every action we take. WE FOLLOW Our Code guides us, helps us put our CONSULTANTS EXPLORE OUR POLICIES values into action and inspires us to fulfill our pledge to work with integrity OTHER THIRD PARTIES every day. OUR CODE GLOBAL POLICY LIBRARY

6 7 We Follow Our Code / Our Responsibilities We Follow Our Code / Making Good Decisions Resources Table of Contents

OUR RESPONSIBILITIES MAKING GOOD DECISIONS Each of us has a responsibility to … We all want to do what’s right, but sometimes the right decision isn’t clear. If that ever happens, ask yourself: KNOW THE CODE. ASK QUESTIONS. NO STOP Read it and follow it, along with any To help you make good choices, policies that apply to your job. ask for guidance before you act. IS IT LEGAL? YES

ACT WITH INTEGRITY. WATCH FOR VIOLATIONS. In everything you do, be professional, Stay alert for any activity that is against transparent and honest. our policies, our Code or the law. NO STOP DOES IT FOLLOW OUR POLICIES? FOLLOW THE LAW. SPEAK UP. YES Get to know the laws that apply to our If you spot a violation, don’t ignore it – business. Contact the Legal Department share your concerns immediately. when laws conflict or you are unsure of their applicability. NO STOP DOES IT BUILD AND STRENGTHEN Supervisors have special responsibilities … OUR REPUTATION? YES SET A GOOD EXAMPLE. USE THE CODE. Make ethical decisions and demonstrate Read the Code and refer to it often to integrity to others. Honor our core values answer questions. Encourage your and our Code, supporting them through employees to do the same. your words and actions. NO STOP WOULD I BE COMFORTABLE IF OTHERS HEARD ABOUT MY ACTIONS? BE APPROACHABLE. TAKE ACTION. YES Let employees know they can come to Watch for misconduct and report it to you with questions or concerns. Listen HR, the Legal Department or Senior to them and guide them through issues. Management. Prevent retaliation If you answer “no” to any of these questions or the answer isn’t clear, stop and reconsider your against employees who share concerns. actions. Don’t hesitate to get advice or ask questions. Remember, “Ask first and act later.”

8 9 We Follow Our Code / Sharing Concerns We Follow Our Code / Sharing Concerns Resources Table of Contents

SHARING CONCERNS When you work the Boart Longyear Way, you protect your Company and speak up for it. That is our responsibility and our promise. Share your concerns any time you believe someone has violated our Code. It’s always CALL 24/7… GO ONLINE ... the right thing to do – even if you’re not sure Visit www.convercent.com/report that misconduct has occurred. U.S. & 1 800 461 9330

How do I speak up? Argentina, , , , Ireland, New Zealand, Switzerland and the UK Contact your supervisor, HR representative 00 800 1777 9999 or the Legal Department immediately. If you don’t feel comfortable speaking up directly, you can make a confidential and, if you +0011 800 1777 9999 (mobile) MAIL IT IN … wish, anonymous report to the Compliance 0011 00800 1777 9999 (land line) Helpline using any of the following options. The Compliance Helpline is managed by Burkina Faso, DRC, Ghana, Boart Longyear Company Convercent®, an independent third-party Ivory Coast, Mali or Senegal Compliance Helpline administrator, who will ensure your report is +011 720 514 4400 2640 W 1700 S handled according to your wishes. , UT 84101 Chile Attn: Legal Department 1230 020 3559 URGENT/CONFIDENTIAL

Indonesia 001 803 015 203 5129 No matter how you choose to share your concern, Boart Longyear will take your FIND OUT report seriously and protect your 001 866 376 0139 confidentiality to the greatest extent MORE possible. We will investigate your concern Peru promptly and take appropriate steps to 0800-13370 address the situation.

Poland No Retaliation Retaliation and 00 800 111 3819 Whistleblower Policy It’s important to us that you feel comfortable Thailand sharing your concerns – without worrying 001 800 1777 9999 about possible retaliation. Boart Longyear does not tolerate retaliation of any kind All other locations against someone who reports a concern + 720 514 4400 honestly and in good faith. Visit www.convercent.com/report for a full list of international toll-free numbers and dialing instructions.

10 11 We Care About People We Care About People / Diversity and Inclusion Resources Table of Contents

DIVERSITY AND INCLUSION We value our diverse workforce. We count on every employee to respect the varied backgrounds, skills FIND OUT and cultures of others, act fairly and help make sure everyone has an opportunity to participate. MORE

What does it mean to be fair? Workforce Diversity Policy Make unbiased decisions. Base any employment decisions only on qualifications, merit and talent, when making decisions about things like:

HIRING PROMOTIONS KEY POINT COMPENSATION

Be aware of your own behavior and how TRAINING your words and actions affect others. You could offend or discriminate DISCIPLINE OR TERMINATION against someone without intending to.

Never discriminate. We do not discriminate against employees, applicants or business partners based on characteristics like race, color, national origin, gender identity or expression, sexual orientation, age, religion, disability, marital status or veteran or military status.

Share concerns. If you see or suspect any acts that violate our commitment to fairness and inclusion, speak up immediately to your supervisor, HR representative or the Legal Department. You may also make an WE CARE Every employee is a valued member of anonymous report to the Compliance Helpline. our team. We support one another and It’s the best way to protect each other and ABOUT PEOPLE appreciate others’ unique contributions. maintain a fair and inclusive workplace.

12 13 We Care About People / A Positive Workplace We Care About People / A Positive Workplace Resources Table of Contents

Support each other. Speak up. A POSITIVE WORKPLACE Promote a supportive and collaborative If you see, experience or suspect harassment or We make our workplace welcoming and culture by valuing the contributions of others. abusive conduct, contact your supervisor, HR positive for everyone by preventing abusive Keep your interactions with others positive representative or the Legal Department. conduct, bullying and harassment. Boart and productive, and never target anyone for You may also make a confidential and Longyear expects every employee to be negative or unfair treatment. anonymous report to the Compliance Helpline. courteous and to treat others with respect.

What can I do?

Recognize abusive conduct. Behavior that disrupts someone’s work or creates a hostile or offensive environment is prohibited. QUESTION ANSWER

Harassment can be:

Even though he says he’s joking, your co-worker’s behavior is threatening, !#$@! My co-worker keeps threatening to hurt hostile and inappropriate. Don’t hesitate my career if I don’t do what he says. to ask for help or speak up about it He says he’s joking, but he keeps VERBAL right away. saying it. It’s making me feel nervous and intimidated.

PHYSICAL VISUAL What should I do?

SEXUAL KEY POINT Harassment can include things like: FIND OUT INTIMIDATION MORE Even if a person doesn’t complain about harassing conduct, it’s still unacceptable. RACIAL SLURS Don’t ignore it – speak up against it. We do not tolerate retaliation against Workplace Harassment Policy SHARING OFFENSIVE MATERIAL anyone who makes a report in good faith. Global Workplace Standards ETHNIC JOKES

REQUESTS FOR SEXUAL FAVORS

14 15 We Care About People / Health and Safety We Care About People / Health and Safety Resources Table of Contents

HEALTH AND SAFETY What to report to EHS: We believe in providing safe working INJURY OR ILLNESS conditions and operating procedures for FIND OUT all of our employees, but we need your PROPERTY DAMAGE help and commitment to do so. Stay alert MORE and follow our safety requirements to protect each other, our facilities and ENVIRONMENTAL RELEASE the environment. OR NEAR-MISS Environmental, Health How can I help? BROKEN EQUIPMENT and Safety Policy

Keep drugs and alcohol out. UNSAFE WORK PRACTICES OR CONDITIONS Being under the influence of alcohol and drugs at work puts our safety and productivity at risk. Advise your supervisor if you are taking any medication for any reason. Even a legal drug (like a Be competent to perform tasks. KEY POINT prescription) can impair your ability to do Make sure you and your co-workers your job safely. Don’t attempt to work if have been properly trained and have the your judgment or abilities are impaired. necessary skills, qualifications and tools to You are empowered and expected to You must not be under the influence of perform required tasks. Let your supervisor use your Stop Work Authority (SWA) any substances that impair your ability at know if you have a medical or physical when work does not comply with any time while operating Boart Longyear condition that could impact your work. equipment or vehicles. the Boart Longyear Golden Rules of Safety. Doing the right thing is not Prevent violence. Follow safety requirements. always easy or popular, but Boart Watch for and report behavior that creates Longyear will support any employee Stay alert at all times, use Personal a threatening or intimidating environment who uses the SWA in good faith. Protective Equipment (PPE) properly and to your supervisor, HR representative or follow all health, safety and security policies the Compliance Helpline. Resolve conflicts and procedures at your location. Adhere calmly – never bully, threaten or harm to Boart Longyear’s safety policies, apply anyone or their property. Weapons are THINK (field level risk assessment) prior generally not permitted on Boart Longyear to undertaking work tasks and use your property or job sites, so let us know Stop Work Authority to prevent unsafe immediately if there is an unauthorized behavior. Tell your supervisor and local weapon on a Boart Longyear site. Environmental, Health & Safety (EHS) representative immediately if someone is not following these requirements, if an incident occurs, or someone is injured.

16 17 We Care About People / Humans Rights We Care About People / Humans Rights Resources Table of Contents

Hold partners to our standards. HUMAN RIGHTS Boart Longyear avoids third-party The things we do should have a positive arrangements that could cause human impact on people and our world. Each of rights violations and expects anyone us has a responsibility to show respect who works on our behalf to share our for human rights and uphold the law respect for human rights. prohibiting forced or compulsory labor, child labor or human trafficking. If you work with or hire any third parties, monitor their work to make sure they are How can I protect upholding our Code and our commitment. Don’t hesitate to ask for guidance if you human rights? have concerns about a specific party or situation. Do business responsibly. Follow the laws regarding human rights provisions wherever we operate, making sure that people have:

FREEDOM TO CHOOSE WHETHER OR NOT TO WORK FIND OUT

FAIR AND LEGAL PAY MORE

SAFE WORKING CONDITIONS Procurement Practices Policy

LEGAL AND REASONABLE HOURS

FREEDOM OF ASSOCIATION OR COLLECTIVE BARGAINING KEY POINT If you see or suspect human rights violations by a Boart Longyear employee or by a business partner, Keep in mind that Boart Longyear report your concerns immediately. does not use forced, bonded or child labor, and we don’t use or purchase materials or goods produced by forced, bonded or child labor.

18 19 We Protect Our Company We Protect Our Company / Confidential Information Resources Table of Contents

Protect personal privacy. CONFIDENTIAL INFORMATION We respect individual privacy and strive to Innovation drives what we do. We work hard to collect, use and disclose personal information create proprietary technologies and strategies, in a manner consistent with the data privacy and our customers entrust us with sensitive and protection laws wherever we do business. information which must remain confidential. If you are exposed to confidential information Protect customers and partners. through your job, protect it from misuse We uphold confidentiality agreements with or disclosure. third parties and customers and respect their intellectual property, so keep any confidential What information information from being disclosed, even if you is confidential? leave Boart Longyear.

Protect any information that isn’t available to the public that could benefit our competitors or harm our Company or customers if it was exposed. That includes information about our: FIND OUT Company – intellectual property, personal employee information, business forecasts MORE and plans, acquisition strategies or business and financial information regarding earnings and balance sheet items. Information Security Policy Partners – pricing information and contract terms with vendors, contractors, suppliers Safe Harbor Policy and other business partners. External Communications Policy Customers – information on projects, transactions, financial or personal End User Computing Policy employee information.

Keeping this information secure is critical to our business and our reputation, so remember:

Handle information with care. Access only the information you need to do your job, and don’t share it with anyone inside As members of the Boart Longyear family, KEY POINT or outside of Boart Longyear, unless they are WE PROTECT our decisions and actions contribute to this authorized to have it. Be careful not to share chapter in our Company’s history, continuing confidential business information in public or its legacy of excellence and integrity. on social media, and ask questions if you’re Information exposed? Let us know. unsure if information is confidential. If you suspect that confidential OUR COMPANY information has been disclosed, share your concerns immediately.

20 21 We Protect Our Company / Use of Company Assets We Protect Our Company / Accurate Recordkeeping Resources Table of Contents

Follow our IT policies. USE OF COMPANY ASSETS Follow our computer and network security ACCURATE RECORDKEEPING Our Company’s resources are provided so procedures to prevent unauthorized access. AND FINANCIAL REPORTING that we can conduct effective and efficient That includes never installing unauthorized FIND OUT business operations. Boart Longyear trusts software onto a Boart Longyear device, As a public Company, our books and records its employees to use company assets copying or transferring software licensed to must correctly represent our business and our MORE responsibly and expects you to protect us or sharing your ID or user password. financial position – they must remain clear, them from loss, damage, theft, fraud, accurate and timely. Be careful and honest unauthorized use and waste. whenever you record or handle Company business or financial records. There are many policies that apply to this topic. Please talk with your What should I protect? QUESTION supervisor or contact the corporate What can I do? controller to determine which Physical property– buildings, office equipment, computers, hardware, Focus on honesty and accuracy. policies may be particularly relevant equipment, machinery, credit cards, We keep true and accurate records of to your responsibilities or address materials and products. your concerns. See the Global Is it safe to discuss a new product financial transactions and other non-financial Policy Library for a full listing that’s under development with information. Never alter, destroy or make false of policies. Intellectual property – creative or proprietary a potential customer? or misleading reports or entries in Company designs, plans, patents, marketing and business or financial records. branding materials or trade secrets. Records may include: Global Record Retention Policy

How can I protect them? Global Expense Reporting & ANSWER DAILY DRILL REPORTS Reimbursement Policy Practice good security. Keep all assets maintained and secured. INVOICES Global Corporate Card Policy Follow security procedures and never remove physical assets from Company property or It may be tempting to divulge a new PURCHASE ORDERS Global Purchasing Policy use them for your own benefit – even if the development that could help make a Company is disposing of them. Only use sale, but do not offer any information EXPENSE REPORTS assets for business purposes, and speak up that you are not authorized to share. if you become aware of any theft, loss, Contact the Legal Department damage or security breach. with questions. PAYROLL RECORDS

Secure intellectual property. TIME RECORDS Secure Company assets physically and KEY POINT electronically to prevent disclosure to SAFETY AND QUALITY REPORTS unauthorized parties. Consult the FIND OUT Legal Department with usage questions. Never discuss research and development MORE If you are asked to provide with anyone outside of our Company. Stay alert for irregularities. information for Boart Longyear’s Watch for warning signs of potential fraud, financial reports or other materials, bribery or money laundering activity, such make sure that any information you provide is complete, fair Information Security Policy as false entries, misleading statements or significant omissions in our records. If you and understandable. Safe Harbor Policy have concerns, don’t ignore them. Speak up immediately. 22 23 We Protect Our Company / Conflicts of Interest We Protect Our Company / Conflicts of Interest Resources Table of Contents

Have a conflict? Let us know! CONFLICTS OF INTEREST The best way to avoid a conflict of interest Our business decisions should always be is disclosure. If you become aware of impartial and objective – we should never a situation that could be a conflict, FIND OUT allow personal interests or relationships to let us know. Talk to your: affect our judgment. When that happens, MORE it’s a conflict of interest, and even the SUPERVISOR appearance of a conflict can harm our Company. HR REPRESENTATIVE Employment of Relatives Policy

What does a conflict LEGAL DEPARTMENT Note: This policy may vary by region, look like? so please consult the page in the OR CONTACT THE Global Policy Library that is specific – Investing in our Personal investments COMPLIANCE HELPLINE to the country in which you are located. vendors or any company that does business with Boart Longyear, competes with us or wants to do business with us.

Outside employment – Taking a second job or consulting opportunity that takes QUESTION your full-time attention and commitment away from your job at Boart Longyear. KEY POINT Personal relationships – Having a friend or relative enter into a business relationship I’d like to take a part-time job with our Company – or supervising a family on the weekends. Conflicts of interest aren’t always easy member or friend without disclosing the to identify. Seek guidance before relationship and obtaining approval from entering any situation that could cause Boart Longyear. Would this be a conflict you to put your own interests before of interest? your Company’s. Acting as an intermediary – Benefitting yourself or a third party in a transaction involving Boart Longyear, like acting as a broker, finder or other intermediary. ANSWER Business opportunities – Taking opportunities for your own personal gain that you discovered through your position at Boart Longyear or by using Company property or information. It depends on several factors such as your job type and required hours. Serving other organizations – Taking on It also depends on whether or not an advisory role, such as a board member, the job is with a competitor or consultant, officer or partner for a Boart a Company business partner, Longyear business partner, competitor such as a supplier. Talk to your or professional organization without first supervisor before accepting the job.

24 obtaining Boart Longyear authorization. 25 We Protect Our Company / Gifts, Entertainment and Hospitality We Protect Our Company / Gifts, Entertainment and Hospitality Resources Table of Contents

Know when and how to say GIFTS, ENTERTAINMENT “No, thank you.” AND HOSPITALITY Boart Longyear employees and contractors working in certain functions are prohibited FIND OUT Exchanging gifts and providing entertainment from accepting gifts or invitations for shows good will when doing business, but entertainment. It isn’t always easy to refuse MORE gifts can go too far, affecting your decision a gift or an offer of entertainment, especially making. Never allow a gift or favor to influence if it might offend the giver or damage a your business decisions – or attempt to business relationship. If you are unsure, influence others. get help before accepting. Procurement Practices Policy

What gifts are appropriate? Understand what policies apply to the recipient. When you’re giving a gift or providing A gift is … hospitality to another party, make sure Acceptable when it’s … you understand what policies apply at the recipient’s company. Many companies, and most government entities, prohibit KEY POINT OCCASIONAL AND LAWFUL their employees from receiving any gifts or entertainment, no matter how small. By NOMINAL IN VALUE violating the gift and entertainment policies Can you accept a gift or entertainment of another company, you could be putting from a third-party? The answer often PART OF CUSTOMARY BUSINESS Boart Longyear’s relationship with that depends on the specific situation. company at risk. When the answer isn’t clear, APPROPRIATE AND REASONABLE ask your supervisor or contact the Act ethically on our behalf. Legal Department for guidance. Boart Longyear also prohibits any intermediary or “middleman” from offering Unacceptable when it’s … or accepting an improper gift or favor while representing the Company, including sales representatives, distributors or contractors. CREATING AN OBLIGATION

GIVEN TO WIN FAVORS A vendor recently asked me to attend a local sporting event with him. CASH, A LOAN OR QUESTION CASH EQUIVALENT May I accept? LAVISH OR EXTRAVAGANT

Maybe. Talk to your supervisor. It depends on the value of the tickets and on whether or not ANSWER you receive gifts like this often and if the offer appears to be made in order to influence you 26 in some way. 27 We Protect Our Company / Third-Party Relationships We Protect Our Company / Quality Resources Table of Contents

THIRD-PARTY RELATIONSHIPS QUALITY We strive to do business only with third parties We take great pride in the products and KEY POINT who share our high standards. If you work with FIND OUT services we provide. In your daily work, do all vendors, suppliers or other partners, help us MORE you can to ensure their value and quality so build positive relationships and ensure that that we deliver only the best to our customers. We must never allow a product to leave they uphold our Code, policies and the law. our control or a project to be completed What’s my role? that doesn’t meet our high standards. What can I do? Procurement Practices Policy Work with care. Make ethical choices. Global Purchasing Policy No matter what position you hold or where If you are involved in selecting third-party in the world you work, demand the best from business partners, make your choice yourself and anyone we work with. objectively, without personal bias. Choose That means: third parties based on … Applying our quality and safety standards BOART LONGYEAR’S NEEDS and procedures

Never cutting corners or taking shortcuts PRICE KEY POINT Complying with laws and regulations and QUALITY conducting business with integrity Stay aware of potential violations committed by third parties working with in all inspections and audits SERVICES OFFERED Boart Longyear or acting on our behalf, Participating including human rights, safety or for zero errors and no waste environmentalInformation Security violations. Policy Speak up Aiming Treat them fairly. or ask for guidance if you’re ever Monitor quality and safety. Be fair and honest in your interactions with unsureSafe Harbor about Policy a specific party Always respect our policies regarding quality third parties. Avoid even the appearance of or situation. and safety as well as safety and environmental possible conflicts of interest, never accepting regulations that pertain to our business. Show inappropriate gifts, entertainment or favors. your co-workers that you are committed to quality and safety, and they will be likely to Monitor third-party performance. follow your example. Communicate Boart Longyear’s Code of Business Conduct and where appropriate, If you see anyone, whether an employee, our policies. Let them know they are expected vendor, supplier or other third-party to uphold our high standards and the laws compromising our quality standards, and regulations that apply to our business. don’t ignore it. Report your Periodically monitor their work to ensure they concerns immediately. are representing Boart Longyear with integrity.

28 29 We Protect Our Company / Speaking On Behalf of Our Comapny We Protect Our Company / Speaking On Behalf of Our Comapny Resources Table of Contents

Use care on social media. SPEAKING ON BEHALF If you communicate about our Company on OF OUR COMPANY social media, make it clear in your postings that you are a Boart Longyear employee, FIND OUT We protect Boart Longyear’s good name and your views are your own – not the by making sure that any statements written Company’s. Also protect our confidential MORE or shared about our Company are accurate information and uphold our policies. and reliable. That is why only authorized Make your postings: individuals may speak on our behalf – so we can deliver a consistent message. External Communications Policy CONSTRUCTIVE Social Media Policy Why not speak on PROFESSIONAL our behalf? HELPFUL It’s very easy for comments to be misunderstood. While you may have good THOUGHTFUL intentions, your communication might:

Misinform customers, investors KEY POINT or the public Did you already speak on behalf of Boart Longyear? Let your supervisor Make promises we can’t keep or that and Corporate Communications know We support our employees’ right you are not authorized to make immediately so we can make sure no harm is done. to speak out publicly on matters of public concern. Nothing in this Code Disclose confidential information or or in any Boart Longyear policy is intellectual property intended to limit or interfere with any rights that our employees may have Damage our reputation under the U.S. National Labor Relations Act or similar laws in Violate our Code or our Values other jurisdictions.

Refer requests. If you are contacted for comment about a business issue by the media or anyone outside of our Company, refer the request to the Corporate Communications Department.

The same applies to requests for you to publish articles or speak publicly on Boart Longyear’s behalf.

30 31 We Do What’s Right We Do What’s Right / Fair Competition Resources Table of Contents

Gather competitive information fairly. FAIR COMPETITION Only use publicly available information about Our work speaks for itself and our efforts result our competitors – never information that was in success in the marketplace. We are improperly obtained, such as confidential committed to competing fairly and supporting information from customers or other third parties. open and honest competition.

What does it mean to compete fairly? FIND OUT Understand and follow the law. Competition laws exist around the world. MORE Although they are complex and vary from country to country, they encourage us to use good judgment in interactions with competitors, customers and business partners. Competition and Antitrust Policy

Interact carefully. You may interact with competitors at industry meetings and other events. If you do, never make or even appear to make improper agreements with them, such as: KEY POINT Fixing prices or terms of sale for our products or services Keep in mind that even casual Determining what products or services conversations, emails or social to offer media exchanges could be seen as anti-competitive, so communicate Dividing markets, customers or territories with care. Ask for guidance if you’re ever unsure about communications Refusing to deal with another competitor or interactions with others. or customer

Setting the terms or fixing the outcome of a bid

If you are present when Boart Longyear employees We’re proud of our reputation as an ethical or other third parties make potentially anti-competitive WE DO company and follow both the letter and the comments or have conversations on subjects like spirit of the law. It’s not because we have these, please notify the Legal Department. to – it’s because we expect the best from WHAT’S RIGHT ourselves and each other.

32 33 We Do What’s Right / Anti-Corruption, Anti-Bribery We Do What’s Right / Anti-Corruption, Anti-Bribery Resources Table of Contents

Know the law. ANTI-CORRUPTION, The laws regarding corruption and ANTI-BRIBERY bribery vary from country to country, so know the laws wherever you work QUESTION FIND OUT We succeed based on the quality and value and do business. Be aware that Boart of our products and services – not on illegal Longyear is often required to comply MORE corruption or bribery. Follow the anti-bribery with laws that may be more strict than and anti-corruption laws that apply to our the laws of the local country. Talk to the business globally by never offering or Legal Department if you have questions A business partner in another country accepting any kind of bribe or kickback. or need advice. Speak up if you become told me that we could speed up our Anti-bribery Policy . aware of someone breaking the law. transaction by paying an “expediting fee.” He also said it would be easier if What is a bribe? it didn’t appear on the invoice.

A bribe is something of value given in Exercise care when doing exchange for preferential treatment. business or interacting with It could be: government agencies or entities. Should I just pay it? Providing anything of value to a KEY POINT CASH government employee, or satisfying a request for an expediting or facilitating payment, could violate this Code and Keep in mind that anyone who does GIFT CARDS anti-corruption laws. ANSWER business on our behalf (like consultants or suppliers) can be held liable if they break the law. The consequences GIFTS Collaborate carefully. can be severe, including jail time When negotiating with any third-party, and fines. competitor or government official, avoid No. A request like this is a warning ENTERTAINMENT any action that might appear improper. sign of potential bribery, and it would Be accurate in recording transactions not be appropriate to pay it. Speak to your supervisor and the SECURITIES and never give or accept anything that might be intended to gain an improper Legal Department for help right away. advantage – even if local customs SPECIAL DISCOUNTS allow it.

CHARITABLE OR POLITICAL CONTRIBUTIONS

PERSONAL TRAVEL EXPENSES

34 35 We Do What’s Right / International Trade We Do What’s Right / International Trade Resources Table of Contents

Follow export controls. INTERNATIONAL TRADE Make sure any vendors that provide Doing business in multiple countries means Boart Longyear with items requiring an we must honor the export and international export license tell us how the items are QUESTION FIND OUT trade laws that apply to our business. Get classified for export control purposes. to know these laws and follow them in every Verify that the intended “end use” of the MORE international transaction to avoid inappropriate product is compliant with any export or illegal deals. sanction regulations. The customer or another party asks that I alter or amend the information Export Controls Policy How can I follow the law? on the commercial invoice (ex. Value, HTS, Importer of Record, Consignee). Global Sanctions and Trade with integrity. Whenever you conduct Export Controls Policy an international transaction ensure that … QUESTION Should I proceed? WE ARE COMPLYING WITH ALL REGULATORY REQUIREMENTS.

PAPERWORK IS ACCURATE AND COMPLETE. The customer or purchasing agent is ANSWER reluctant to offer information about KEY POINT IMPORTS AND EXPORTS CLEAR the end use or final destination of CUSTOMS AT THE PROPER a product. DECLARED VALUE. Double check all paperwork, including: No. The commercial invoice is a legal invoices, packing lists, bills of lading, document used for the declaration of THE FINAL DESTINATION Should I proceed with descriptions of goods, price paid and imports and exports to Customs and IS CONFIRMED. names of those involved. the shipment? should not be altered or amended. Seek further instruction from the WE DON’T TRADE WITH Global Trade Compliance team EMBARGOED COUNTRIES. and place the transaction on hold.

WE AREN’T PARTICIPATING IN ANSWER A BOYCOTT OF ANY COUNTRY.

WE AREN’T PAYING FACILITATION FEES. No. This is a warning sign of a potential violation of international trade laws and you should not Trade with ethical partners. proceed with the shipment. When choosing third parties with whom to do Submit all the relevant information business, do as much research as possible to the Legal Department and wait to verify their integrity. Speak up about any for further instruction. concerns or violations of trade laws.

36 37 We Do What’s Right / Interactions With Government Officials We Do What’s Right / Money Laundering Resources Table of Contents

Work with ethical partners. INTERACTIONS WITH MONEY LAUNDERING Make sure that Boart Longyear is only doing GOVERNMENT OFFICIALS KEY POINT We watch for the crime of money laundering, which business with reputable third parties who are happens when funds are generated from criminal involved in legitimate business activities. We understand the unique needs and activity, like drug trafficking, but the source of requirements of government customers Don’t fear retaliation from anyone for funds is hidden through a legal business. We have and officials – and the laws of the countries participating in a government audit a duty to prevent these funds from moving through where we operate. We follow these laws or investigation. Your cooperation our Company. and are fair and honest in our interactions is expected and protected by with government representatives. FIND OUT Boart Longyear. How can I spot How can I comply? money laundering? MORE Stay alert. Avoid anything improper. If you’re not aware, you could unknowingly facilitate Make sure your actions never look like money laundering – or even terrorist activities, Anti-money Laundering an attempt to improperly gain favorable which could be funded in the same way. Use good Policy treatment for yourself or our Company. judgment and pay close attention when dealing with That includes never offering officials customers and third parties. gifts or anything of value.

Avoid suspicious deals. Focus on honesty and accuracy. These might involve: Never falsify any government report or requests for information, and never PAYING INVOICES WITH CASH withhold or conceal information. OR MONEY ORDERS KEY POINT Participate fully in investigations. PAYING IN SOME OTHER CURRENCY If you are contacted by a government With every transaction, we need to know: THAN SHOWN ON THE INVOICE official about an audit or inspection, contact the Tax Department or Who’sInformation involved Security on either Policy end Legal Department immediately. HAVING PRODUCTS DELIVERED TO A DIFFERENT COUNTRY FROM WhereSafe Harbor it’s going Policy In your interactions, always be: PLACE OF PAYMENT How payment will be made Truthful – Never mislead a government HAVING AN UNINVOLVED THIRD official, auditor or investigator. PARTY MAKE PAYMENTS If you have concerns about a transaction or a potential transaction, please contact Cooperative – Preserve and provide all MAKING OVER-PAYMENTS the Legal Department immediately. documents needed. CONDUCTING SUSPICIOUS – Never obstruct the collection Open FUND TRANSFERS of information.

38 39 We Do What’s Right / Insider Trading We Do What’s Right / Environmental Protection Resources Table of Contents

Don’t give a “tip.” Proactive INSIDER TRADING Never share inside information with anyone, ENVIRONMENTAL PROTECTION You should understand insider trading laws including family, friends or business partners. We respect the environment, and are committed to Encourage others to follow environmental and follow them whenever you buy or sell a Even if you don’t trade yourself, you break the limiting our environmental impacts. That is why we laws, including suppliers and third parties. company’s securities. That means you never law if you “tip” someone else to buy or sell strive to meet or exceed environmental protection trade on non-public information about that securities, so avoid even the appearance of requirements in our facilities and our work sites Explore sustainable practices by recycling, company or share the information with something improper. around the world. conserving resources and producing anyone else. less waste.

Honor trading windows. How can I help? If any damage to the environment occurs, How can I help? If you often have access to inside information, immediately report it to your supervisor Minimize our impact. follow Boart Longyear’s trading windows and and your local EHS representative. In Know the law. blackout periods, which restrict when you may Your actions impact both the environment and the an emergency, please call the 24-hour You are an insider when you have access to trade Company stock. For more information communities where we operate. We depend on you to Emergency Hotline at +1 (410) 571-2617. information the public doesn’t know. It could or for permission to trade during blackout help us balance our ability to serve our customers and belong to Boart Longyear or a customer, periods, send an email to maintain excellence in our Environmental, Health and supplier or competitor. Never buy or sell stock [email protected] Safety (EHS) program. Your role is to always be: based on this information, which could include: Responsible NEW OR DEVELOPING PRODUCTS Follow all environmental laws, regulations and client requirements – no exceptions. MARKETING STRATEGIES FIND OUT Be accurate, complete and timely when FIND OUT FINANCIAL EARNINGS OR LOSSES MORE submitting environmental reporting data. MORE POTENTIAL BUSINESS DEALS Follow our procedures for proper handling, storage and disposal of hazardous materials.

INFORMATION ABOUT CUSTOMERS Environmental, Health OR BUSINESS PARTNERS Securities Trading Policy Aware and Safety Policy

MAJOR MANAGEMENT CHANGES Watch for and immediately report potential Environmental Sustainability environmental concerns. Program PROPOSED MERGERS OR ACQUISITIONS Don’t ignore potentially harmful situations, such as inappropriate waste disposal or release of pollutants. POTENTIAL LEGAL ACTION KEY POINT OR INVESTIGATIONS Watch for and prevent leaks, spills and KEY POINT other chemical discharges. The consequences of trading or After this information becomes public through a tipping with non-public information press release, government filing or some official If it harms the environment, it can harm include: disciplinary action, possible communication, you may use it to invest. Information Security Policy people in the communities where we live termination and even criminal andInformation work. It canSecurity also Policyharm our reputation prosecution,Safe Harbor Policyincluding fines and jail and relationships with clients, so take time. Ask for guidance before you responsibilitySafe Harbor Policy and take action to prevent take action. possible environmental impacts. 40 41 We Do What’s Right / Charitable and Political Activity Closing Thoughts Resources Table of Contents

CHARITABLE AND POLITICAL ACTIVITY FIND OUT CLOSING We believe individuals can make a difference in their communities. While we encourage MORE you to support charitable and political causes, give your support voluntarily – using your own resources. THOUGHTS Corporate Charitable What should I do? Gifts Policy External Communications Keep your personal activities separate from Policy Boart Longyear, and make sure any charitable We appreciate you taking the time to read Boart Longyear’s Code of Business Conduct. or political volunteer work you do is done with: We know it will become an invaluable resource for you, helping you live and work the Boart Longyear way – with dedication and integrity. Keep the Code close and let it Your time – Volunteer work should never interfere with your work at Boart Longyear. guide your decisions. Remember – you represent Boart Longyear to the world, and your actions make a difference – to our Company and our communities. Your funds – Boart Longyear does not contribute to political candidates or KEY POINT If you have any questions about the information presented in the Code, please ask causes, so we will not reimburse you for for guidance from your Supervisor or from the Legal Department. If you believe there any donations you make. We do support are exceptional circumstances which require an exemption or waiver of a section of a variety of charities, but all giving is the Code, please contact Boart Longyear’s General Counsel. We also welcome your If you would like Boart Longyear to coordinated by our regional Citizenship Information Security Policy questions or thoughts about the Code or our Company policies. Committees, so don’t make charitable consider contributing to a particular donations in our name without authorization. charity,Safe Harbor you mustPolicy submit a proposal in writing to your regional Citizenship Committee. The contact information Your resources – Never use Company equipment, such as computers, phones for each regional Committee is and printers to support your activities. listed in the Corporate Charitable Gifts policy. Speak on your own behalf. When working for a charitable or political cause, don’t take any actions in the name of Boart Longyear, unless you are authorized to do so. Any comments you make must be stated as your own views, and not those of our Company.

42 43 Resources Resources Resources Table of Contents

ISSUES OR CONCERNS CONTACT ISSUES OR CONCERNS CONTACT

BY MAIL: Contact your supervisor, HR Representative or the Boart Longyear Company To ask questions, report potential Compliance Helpline Legal Department. Or contact the Compliance misconduct or other ethical concerns Helpline online at: www.convercent.com/report. 2640 W 1700 S Salt Lake City, UT 84104 Attn: Legal Department BY PHONE, 24/7:

For legal questions and concerns, U.S. & Canada to report potential Code violations Please contact the legal department personnel in your region. 1 800 461 9330 or to request a copy of For a list of contacts, see the Legal Department page on the Underground. Argentina, China, France, Germany, Ireland, New Zealand, Switzerland a Boart Longyear policy and the UK 00 800 1777 9999 To report safety or environmental Report the information to your supervisor and local EHS representative.

hazards or to report any damage In an emergency, please call the 24-hour Emergency Hotline at Australia to the environment +1 (410) 571-2617. +0011 800 1777 9999 (mobile) 0011 00800 1777 9999 (land line)

Burkina Faso, DRC, Ghana, Ivory Coast, Mali or Senegal To ask questions, report +011 720 514 4400 Review the Global Policy Library on the Underground. A copy of any To view our policies potential misconduct Boart Longyear policy may also be requested from the Legal Department. Chile or other ethical concerns 1230 020 3559 Indonesia Report the information to your supervisor and local EHS representative. In an 001 803 015 203 5129 To report accidents or injuries emergency, please call the 24-hour Emergency Hotline at +1 (410) 571-2617. Mexico 001 866.376 0139

Peru Please contact Monika Portman, Director of Corporate Communications at 0800 13370 For media inquiries +1 801-972-6430 or [email protected] Poland 00 800 111 3819 Thailand For questions regarding Boart 001 800 1777 9999 Send an email to [email protected] Longyear stock trades All other locations + 720 514 4400

Visit www.convercent.com/report for a full list of international toll-free numbers and dialing instructions. For import and export Contact the Global Trade Compliance Team at compliance questions [email protected]

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