Barge Invest AS Eide Marine Services AS Eide Contracting AS Eide Flotel Services AS Eide Marine Tech AS Haugesund Innkvartering AS

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1 Update 2005 Barge Invest AS Eide Marine Services AS Eide Contracting AS Eide Flotel Services AS Eide Marine Tech AS Haugesund Innkvartering AS In 2004, Eide-Group has expanded further by investing in special tonnage that operate in the international market. Image 2 Eide-Group has expanded further in 2004 by investing in more special tonnage that operates in the international market. Several prestigious projects are completed with huge success. The group has now control of a fleet with special ships, maritime cranes and equipment for execution of a wide range of tasks. The company offers a range of services, including heavy-lift operations, lifting commissions, tow and transport by barge, semi-submersible barge operations, removal of shipwrecks, flotel-accommodations, steel fabrication, sea-fastening of cargo and engineering services. Image 3 EIDE consists of a group of companies that on individual basis offer a wide variety of marine products and services. United, the same companies comprise a strong industrial alliance capable of undertaking large and demanding projects. We are always prepared to assist you! Image 4 Image 1 Image 5

2 a new interesting year for the Eide Group 2004 was a good year for the Eide Group. Numbers of new projects, successful accomplishment of these and equipment that function well are the keys to these results. Parbuckling of the bulk ship ROCKNES is the biggest and most prestigious project in the Group s history so far. This project was accomplished together with Smit International in a satisfactory and costeffective way that received recognitions. The flotel market has now recovered and presently better than ever. Both flotels are currently at work and constantly receiving inquiries. Escalation of shipyards in Norway and Europe has resulted in activity increased in the equipment section, something that gave us advantages. We are optimistic regarding the future, based on our firm belief that our many flexible solutions are well-suited for a large, global market. Frontpage Images Rocknes Parbuckling The salvage of the wreck of M/S Rocknes took place at CCB-b in the fall of The engineering part was performed as jointtween Smit International and Eide Marine Services AS. EIDE s cranes, barges and equipment for the parbuckling. Sketches and pictures illustrates the comprehensive rigging that was necessary to turn the wreck of M/S Rocknes into even keel. When the equipment was in place, including building of fasteners to the cliff and land station, the parbuckling itself took 13 days to carry out. The whole parbuckling operation was performed in accordance with the program and finished with success without any accidents or damages. The ship is now repaired and back in the market of transport of rock products. EIDE on the internet Our web pages are continuously up-dated with the latest news, information and pictures about our products and services. Come visit us at: Image 1: Eide Transporter in Seattle loaded with container cranes to El Mexico Aud Panama. Image 2: Salvage of Rocknes Image 3: Delivery of 102 person lifeboats and corresponding davits to the vessel Normand Clipper. Image 4: Testing of freefall lifeboat - UMOE Schat Harding. Image 5: Transport of submarine Gotland

3 CB-base in Sotra oint-venture bee supplied the

4 Personal Jubilee Long and Loyal service at Eide Atle Ullebust and Jan Ove Eide both received Norway s Well-deserved medal for long and loyal service (30 years) in EIDE-company in Høylandsbygd. In addition, they both received a gold watch from the company. First row from left: Rune Eide, Georg Eide, Heidi Medhus, Ledis Halvorsen Eide, Henning Heggelund, Audun Eide and Jan Ove Eide. Second row from left: Johs. G. Eide, Steinar Eide, Jonny Kristensen, Ragnar Njøs, Svein Johnsen, Øyvind Særsten, Erling Eide, Atle Ullebust, Håvald Vik, Asbjørn Sivertsen and Arnljot Brækhus who received a diploma and a present for corresponding 10 and 20 years of employment in the company. Rune Bjørgen, Einar Johansen, John Olav Tjelle and Ivar Kloster were not present. The presentation was held during a festive gathering at the Hotel Vøringfoss in Eidfjord on May, On an event at Solstrand Hotel in Os, in May 2005 Eide Marine Services AS presented Norway s Well-deserved medal for long and loyal service to two of their employees. They also presented a 20-year-of-service diploma to one employee and a 10-year service diploma to another employee. From left: Johs. G. Eide, Ledis Halvorsen Eide (received Norway s Well-Deserved Medal and a company s gold watch for 30 years of service), Erling Eide (received Norway s Well- Deserved Medal and a company s gold watch for 30 years of service) and Svein Johnsen (received a 20-year-of-service diploma). Hans Arvid Johnsen who received a 10-year-of-service diploma was not present when this picture was taken. Salvage Equipment Eide Group has available the largest fleet of salvage equipment in Norway, including barges and special-purpose vessels for the removal of shipwrecks and undersea installations, floating cranes with lifting capacities ranging from 200 to 1,800 tonnes, semi-submersible barges, with a capacity of 10,000 tonnes each, and two barges with 900-tonne lifting capacity. In addition, Eide Marine Services AS also own large quantities of rigging equipment and several tugboats an tank barges. Eide Marine Services AS has excellent experience record based on the successful completion of a wide range of projects. We are well prepared to offer you our assistance and therefore please contact us for additional information. EIDE MARINE SERVICES AS Røysanes 5457 Høylandsbygd, Norway Phone: Fax: Web address: [email protected]

5 Flotel service in Hammerfest and Tyssedal FLOTEL BELL RIVA at Tyssedal. Flotel Bell Riva has been on a 3 months charter to Tinfos Titan & Iron KS during summer The flotel has been used to accommodate workers during their shutdown. Bell Riva is equipped with 68 rooms, all with private facilities, daily rooms, wardrobe, reception, and a kitchen and cafeteria with seating for 200 persons. FLOTEL BELLA LUDWIGA at Hammerfest. Flotel Bella Ludwiga is on a charter to Statoil at Hammerfest. The flotel accommodate workers in connection with the Melkøya project. Bella Ludwiga is equipped with 82 rooms, all with private facilities, daily rooms, wardrobe and reception. 20 MEN MODULE RIG WITH KITCHEN at Høylandsbygd. NEW MODULE OFFICE at Sandvoll. Eide Flotel Services AS has been rewarded a contract for renting out a 20 Men module rig to Veidekke Entreprenør AS. The rig will be used to accommodate workers during the Halsnøysambandet tunnel project. The rig is equipped with 20 rooms, all with private facilities, daily rooms, wardrobe, and a kitchen and cafeteria with capacity for approx. 50 persons. Eide Marine Tech AS has delivered a new module based office to Byggservice AS. The modules were mounted at the site during two weeks in September The modules are made of steel, and the work has been carried out in co-operation with a European manufacturer. This will be a new product for Eide Marine Tech AS. Modules are made for the future, and give you high flexibility. Eide Marine Services AS, has purchased two AHTS Anchor-Handling Tug Supply vessels. They are renamed as: Eide Traveler - built in 1977, 7360 BHP, 92 tons bollard pull. Eide Fighter - built in 1975, 8000 BHP, 100 tons bollard pull. EIDE TRAVELER AHTS Eide Traveler is currently on a contract in Mauritania, together with Eide Barge 28 for anchoring and mooring of FPSO Berge Helene, while AHTS Eide Fighter is under classification in Høylandsbygd.

6 Lifeboats and Davits Delivery of 102 person lifeboats and davits to the vessel Normand Clipper. Converted by Ulstein Verft AS. EMT has in production lifeboats, rescue boats and launching arrangements for deliveries in , among them - deliveries of free fall lifeboats and launching appliances for Aker Braila NB90,91,92,93,94 & 95.