DNV Presentation to Journalists 2013

1. DNV Presentation to Journalists 2013 DNV Dubai

2. Agenda Wind Turbine Installation Vessel DNV Innovative and Committed to the Jack-up Market DNV and GL to merge – forming a leading class society

3. Wind Turbine Installation Vessel Rajesh Panicker

4. Leading Provider of Risk Services Figure 1 - Brave Tern Rollout February 2012

5. Electricity Generating Costs in EU, 2015 and 2030

6. Offshore Wind Potential – New Installations • The European Wind Energy Association (EWEA) increased its 2020 target to 230 GW wind power capacity • Including 40 GW offshore wind (March, 2009) • To reach 40 GW of offshore wind capacity in the EU by 2020 • Average growth in annual installations of 28% - from 1 GW in 2011 to 6.9 GW in 2020. • Assumption - 1 vessel installs 100 turbines per year, each turbine = 4 MW + maintenance and repair 20-25 vessels needed in Europe

8. GustoMSC designs – WTI Vessels NG-5300-HPE NG-7500-HPE NG-9000-HPE Hull length 92.99 m Hull width 36.00 m Hull depth 7.40 m Hull draft 3.50 m Leg length max. (incl. spud-can) 71.00 m Hull length 95.00 m Hull width 39.60 m Hull depth 8.00 m Hull draft 4.60 m Leg length max. (incl. spud-can) 73.00 m Hull length 128.79 m Hull width 39.00 m Hull depth 9.00 m Hull draft 5.00 m Leg length max. (incl. spud-can) 74.10 m

9. Ship-shaped self-elevating wind turbine installation vessels Class assumptions: Mix of offshore jack-ups and cargo ships Design assumptions Vessels carry out repeated operations in restricted waters Limited design conditions Relevant design loads for all design/operational conditions Ability to escape/ leave the field in case of bad weather.

10. GENERAL ARRANGEMENT Figure : General Arrangement Spud-Can

11. Class Rules and Statutory Compliance Class Rules for Ship-shaped ”Mobile” Operation ”Cargo Vessel” with self-elevating capability Enters ports to pick up equipment on regular basis DNV Rules for Classification of Ships to be used for all ship related items Statutory SOLAS certificates MODU code compliance Additional SPS requirements to be fulfilled Stronger requirements to stability and life saving

12. DNV Class Notation 1A1 Self-Elevating Wind Turbine Installation and Crane Unit CLEAN DESIGN NAUT-OSV(A) OPP-F DYNPOS-AUTR E0 HELDK

13. Jacking System Extended fatigue requirements to the jacking system because of many load cycles. (One jacking system operation every second day) Design and construction of jacking system ensure the possibility for the vessel to go into a floating condition and escape from site.

14. Offshore Classification Projects – Testing and Commissioning • DNV-RP-A205 (March 2012)

15. Leading Provider of Risk Services for Wind Turbine Installation Vessels DNV innovative in rule development First set of wind turbine installation vessel rules Wind carriers complex vessels – DNV rules cater for all design and operational requirements DNV Middle East capabilities

16. DNV Innovative and Committed to the Jack-up Market M.P. Bijali

17. DNV New Jack-up Rules Clear guidance is especially important in the self-elevating market The Jack-Up market deserves its own considerations DNV have taken our accumulated knowledge and experience Beyond class rule requirements – zero down time during operations

18. Version DNV Classification rules for Self-elevating units DNV research projects • Full-scale measurements of structural response due to wave and winds at Ekofisk in November 1977 • Joint industry project in 1980–83 with several participants • Made it possible for DNV to develop the FIRST classification rules for jack-up rigs, accounting for dynamic amplification of structural response in deep water and harsh environments.

19. DNV committed to self-elevating units • Focus with: • Dedicated rules guiding you through • A jack-up service centre in Dubai • Experts devoted to the segment We know: the difference between good and poor design solutions. the specific JU-interpretations of rules and regulations. to recognize simple efficient solutions how to help you out in case of problems We understand: the needs of the self-elevating market. the specific design solutions the need for on time deliveries 19

20. What DNV has done • Combined DNV in house experience and technical expertise • Reviewed applicability and relevance of each requirement • Analysed and updated DNV structural rules • JU-specific descriptions of our general class requirements

21. New DNV OSS-104, Rules for classification of Self elevating units • Unambiguous Userfriendly • Focus • Highlighting complex and risk prone areas, • Referring to standards for general detail • Focus • Only list applicable requirements • Focus • On the most common JU-designs • Concise and clear overview of all relevant requirements and procedures • A Guiding an owner/ yard to get it right • Explaining in more detail where required

22. Alignment with industry practises was a main objective for DNV • Higher level of detail and clarity in DNV Rules • Aligned with flag state and operator requirements • New rules support DNV’s Quality Survey Plan approach Comparing the new rules with these we achieved:

23. DNV innovative and committed to the Jack-up market • New dedicated rules for Self-Elevating units/Jack ups • Focus on • customer needs • guidance and support • Minimum interference – 0 downtime • Aligned with market standards

24. Jack Up in Operation Service Centre M.P. Bijali

25. Main focus areas with DNV Close to the client Integrate with the client

26. JIP Jacking Gear • Focus on maintenance & inspection • Main partner service supplier WillTeco • Higher availability with lower overall maintenance cost • Scope: • Collect accident and failure data • Complete root cause analysis on the collected data • Analyse current best practices in the industry • Investigate the applicability and benefits of alternative approaches

28. Creating a world leader in safety, quality and environment Per Wiggo Richardsen, Director of Communication Maritime

29. Combining two major players DNV GL Group • Founded 1864 • Høvik, Norway • 10,400 employees • Dedicated competences in: • Tankers • Offshore Classification • Power & Transmission • System certification • Shared ambition for quality and innovation • Head office in Høvik • 17,100 employees • A leading company in: • Classification • Oil & Gas • Energy • Business Assurance • Founded 1867 • Hamburg • 6,700 employees • Dedicated competences in: • Container ships • Energy efficiency • Marine warranty • Renewables 30

30. Macro trends driving change Complexity Globalization Energy transition

31. DNV GL Group ownership DNV Foundation Mayfair 63.5% 36.5% DNV GL GroupHeadquarter: Oslo, Norway Group CEO: Henrik O. Madsen

32. DNV GL Group DNV Foundation Mayfair DNV GL GroupHeadquarter: Oslo, Norway Group CEO: Henrik O. Madsen Maritime Oil & Gas Energy Business Assurance • Headquartered in Hamburg, Germany • Number of employees:approx. 5,600 • Representation in over 80 countries • Headquartered in Høvik, Norway • Number of employees: approx. 5,800 • Representation in over 30 countries • Headquartered in Arnhem, Netherlands, core hub in Bristol, UK • Number of employees: approx. 3,100 • Representation in over 30 countries • Headquartered in Milan, Italy • Number of employees: approx. 2,000 • Presence in 50 countries

33. DNV GL Global delivery capability and strong presence Europe / Africa / Middle East 10,000 staff Americas 3,000 staff Asia / Oceania 4,000 staff 2,500 Mill. EURO (2012) 100 countries 17,000 employees

34. Creating a world leader in safety, quality and environment Maritime One of the worlds leading classification societies and maritime advisory Energy An energy powerhouse, leading in onshore and offshore wind, and a strong player in power transmission and distribution Revenue 2012 by business unit~ 2,500 € mill. Maritime Oil & Gas Oil & Gas A leading provider of risk management services to the oil and gas industry Business Assurance One of the world’s leading management system and product certifiers Energy Bus. Assurance

35. A major innovative force LeadershipTwo of the worlds most innovative class societies Research A power house for research and development. 4-5% of annual revenue invested in R&D CollaborationA hub for collaborative innovation

36. Vision driven merger with global impact Global position in all our business areas Promote safety, quality and the environment Help our customers responsibly improve business performance: safer, smarter, greener Global impact for a safe and sustainable future

37. Safeguarding life, property and the environment www.dnv.com