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COMPANY PROFILE 27 April 2018 COMPANY PROFILE Rosetti Marino is the operating parent company of a leading group whose core business is designing and building off-shore oil and gas platforms under EPC (engineering, procurement and construction) contracts (79,4% of total consolidated 2017 revenue), designing and building service and work vessels (1,5% of the total) and building COMPANY INFORMATION processing plants (19,1% of the total). The company has two construction yards in the Share cap. €4,000,000 Port of Ravenna while the third is located a few km away from the city of Aktau, on Registered office: the Kazakh shore of the Caspian Sea. Its main clients include major oil companies and Via Trieste, 230 the leading international contractors active in the industry, in addition to Europe's 48122 Ravenna (RA) main builders of service vessels. Italy B oard of Directors Top Management Auditors Tel. +39 0544 878.111 Stefano Silvestroni Fabio Iarocci Gian Luigi Facchini Fax. +39 0544 878.188 Chairman Energy Operations Manager Chairman of the Board of Auditors www.rosetti.it Oscar Guerra Luca Barchiesi Renzo Galeotti CEO – Chief Executive Off. CFO – Chief Financial Off. Standing Auditor SHAREHOLDERS Medardo Ranieri Ermanno Bellettini Massimo Luigi Roberto Invernizzi Vice Chairman Corporate System Dept. Standing Auditor Luca Barchiesi Stefano Silvestroni Vice Chairman and General and Legal Affairs Dept. Supervisory Board Managing Director Stefano Cappelli Legislative Decree 231/01 Ermanno Bellettini Commercial & Development Dept.Francesco Pellei Luca Gentili Cesario Mondelli Chairman Giorgio Zuffa Shipbuilding Director Adolfo Mancanelli Investor Relations Procurement & Logistics Dept. Alfonso Levote 2017 CONSOLIDATED FINANCIAL STATEMENTS Income Statement Balance Sheet €/000 31/12/17 €/000 31/12/17 Total revenue (GIP) 189,509 Intangible assets 1,893 Prop., plant and equip. 81,296 NOMAD and SPECIALIST Gross operating margin 3,015 Long-term investments 10,767 Banca IMI S.p.A. EBITDA margin 1.59% Total fixed assets and inv. 93,956 http://www.bancaimi.com Operating profit - 4,786 Due from clients 88,303 EBIT margin - 2.53% Inventory 62,353 Other receivables 19,825 Profit before taxes - 5,904 Current assets 170,481 INDEPENDENT AUDITORS EBT margin - 3.12% Deloitte & Touche Due to suppliers 32,655 Group net profit - 5,849 Other payables 83,692 Minority net profit - 106 Current liabilities 116,347 E-margin - 3.09% Long-term provisions 16,328 €/000 31/12/17 €/000 31/12/17 M/L-term NFP 47,964 Group equity 178,479 Invested capital 363,069 Minority equity 1,247 Net working capital 54,134 .

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62010 URBISAGLIA (MC) - SS 78 Km 6 - ITALY www.dafram.it - [email protected] Tel. +39.(0)733.51191 - Fax. +39.(0)733.50196 tel. +39.(0)733.51191 LEGENDA: VALVE TYPE FSE FSE: FLOATING SIDE-ENTRY FT FT: FLOATING TOP-ENTRY FW FW: FLOATING WELDED BODY FDBB: FLOATING MODULAR DB&B, FDBB DOUBLE BALL TSEB: TRUNNION SIDE-ENTRY BOLTED TSEB BODY TT TT: TRUNNION TOP-ENTRY TW TW: TRUNNION WELDED BODY TDBB: TRUNNION MODULAR DOUBLE TDBB BLOCK & BLEED, DOUBLE BALL BALL VALVES - FLOATING & TRUNNION 3F 3F: THREE WAYS FLOATING GENERAL REFERENCE LIST 3T 3T: THREE WAYS TRUNNION YEAR PROJECT NAME PLANT LOCATION CONTRACTOR ENGINEERING END USER VALVE TYPE 2011 HARWEEL PHASE 3 SULTANATE OF OMAN WORLEY PARSONS PDO TT 2011 RAS SHUKIER FIRE FIGHTING, PROPANE STORAGE & UTILITIES FOR NGL PLANT RAS SHUKIER - Egypt ENPPI EBGDCO TSEB 2011 PP PROJECT PETROCHINA NINGXIA PETROCHEMICAL CO. NINGXIA REGION - CHINA PETROCHINA PETROCHINA TSEB 2011 ENG P22 HARALD BY-PASS DENMARK MAERSK OIL DK MAERSK OIL DK TSEB 2011 KHANNUR LNG VESSEL LNG CARRIER HAMWORTHY GOLAR LNG TSEB INNER MONGOLIA DONGHUA ENERGY CO 2011 INNER MONGOLIA DONGHUA ENERGY CO. LTD COAL SLURRY SDV INNER MONGOLIA - CHINA INNER MONGOLIA DONGHUA ENERGY CO LTD TSEB LTD INNER MONGOLIA TALENT CHEMICAL 2011 INNER MONGOLIA TALENT CHEMICAL FERTILIZER CO. LTD JUNGAR - INNER MONGOLIA - CHINA INNER MONGOLIA TALENT CHEMICAL FERTILIZER CO. LTD FSE FERTILIZER CO. LTD 2011 GDF SUEZ CAPE ANN VESSEL CAPE ANN LNG CARGO CARRIER SAMSUNG HEAVY INDUSTRIES GDF SUEZ TSEB 2011 EKOFISK 2/4L - HOT WATER SERVICE PACKAGE EKOFISK PLATFORM - NORTH SEA AKER SOLUTIONS CONOCO PHILLIPS FSE 2011 FSPO ATHENA CARMEN VESSEL NORTH SEA - UK SECTOR BW OFFSHORE ITACHA ENERGY FSE - TSEB QINYUAN COUNTY - CHANGZHI - SHANXI - 2011 SHANXI TONGZHOU COKE GROUP 100.000 TONS/A METHANOL ENGINEERING SHANXI TONGZHOU CIAL COKING GROUP SHANXI TONGZHOU CIAL COKING GROUP TSEB CHINA 2011 ANHUI LIUGUO CHEMICAL CO LTD.
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