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 o ff-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 , on Registered office: the Kazakh shore of the . 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. 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 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