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ZITON AT A GLANCE ZITON is the market-leading service provider within offshore wind operations & maintenance. ZITON has carried out more than 475 service interventions at more than 20 wind farms. Our customers are leading turbine manufacturers and wind farm owners. ZITON owns and operates three jack-up vessels: J/U WIND SERVER is the first jack-up vessel purpose built to provide offshore wind operations & maintenance services J/U WIND PIONEER is a converted jack-up vessel adapted to the offshore wind industry J/U WIND has the longest proven track-record in the industry in terms of major component replacements ZITON has about 70 employees offshore, and 19 onshore at the office in Horsens, Denmark. ZITON s primary business is to provide jack-up services for major component replacements, including gearboxes, generators, blades, transformers, main bearings, main shafts, full rotors etc. In addition, ZITON provides jack-up services such as installation support, blade repair and decommissioning of turbines, foundations and met masts. FOUR MAIN PHASES OF AN OFFSHORE WIND FARM Yellow shading indicates the services provided by ZITON. SURVEY AND DEVELOPMENT (typically 2-5 years) CONSTRUCTION (around 2 years) O&M (20-25 years) DECOMMISSIONING (1-2 years) SERVICES Environmental survey Geotechnical survey Geophysical survey Installation of met mast Turbine foundation installation Turbine installation Substation and cable installation Installation support Control & supervision O&M routines Major component replacement Blade repair Turbine foundation decommissioning Turbine decommissioning Met mast decommissioning Substation decommissioning VESSEL TYPE USED ROV support vessels Geotechnical survey vessel Geophysical survey vessel Multi-purpose survey vessel Heavy lift vessel Construction support Heavy lift vessel Construction support Jack-Up vessel Tugboat Export cable installation vessel Service crew boat Diving support vessel Safety vessel Accommodation vessel Jack-Up vessel Service Operation Vessel (SOV) Crew Transfer Vessel (CTV) Jack-Up vessel Construction support Heavy lift vessel Tugboat 02

ZITON provides jack-up services for replacement of the major components shown in the illustration. GENERATOR GEARBOX MAIN SHAFT MAIN BEARING FULL ROTOR TRANSFORMER BLADE 03

HISTORY OF THE COMPANY The foundation of ZITON goes back to 1989. Formerly known as DBB Jack-Up the company was renamed ZITON in 2016. When we think of the name ZITON, we have our sights firmly fixed on helping the offshore wind industry achieve its true potential - which is of utmost importance to the vision of renewable energy. So to us, the name ZITON is about having our sight firmly fixed on the goal. That s why we say ZIGHT - ON. VESSELS & OPERATIONS J/U WIND acquired by DBB J/U WIND initiate first long term charter with Vestas EUR 15m renovation of J/U WIND is conducted J/U WIND on long-term charter with Vestas 1989 2007 2008 2009 2010 CORPORATE Dansk Bjergning & Bugsering A/S (DBB) founded by Ove Eriksen Jack-Up operations carved out into separate entity DBB Jack-Up Group 04

J/U WIND initiates three-year charter with Siemens via third party J/U WIND PIONEER acquired from Hyundai, and J/U WIND SERVER ordered from Nordic Yards Three-year charter signed with Siemens Wind Power for J/U WIND SERVER J/U WIND SERVER operational in March 2015 and J/U WIND PIONEER in September 2015 J/U WIND SERVER initiates three-year charter with Siemens Wind Power 2011 2012 2013 2014 2015 2016 BWB Partners invests in DBB Jack-Up Group Joint venture with Blue Water Capital S.A. to finance J/U WIND SERVER Strengthening of equity and issuance of EUR 40 million bond Revised capital structure by issuance of EUR 100 million bond The company name is changed from DBB Jack-Up Services A/S to ZITON A/S 05

2 Beatrice REpower 5 MW SSE/Talisman (50% - 50%) 2 Blyth Vestas V66 Robin Rigg 58 Vestas V90 Ormonde REpower 5 MW 30 Vattenfall Walney DONG (50%) 102 West of Duddon Sands 108 DONG (50%) Barrow 30 Vestas V90 Centrica/DONG 27 Teesside Siemens 2.3 MW EDF 7 Arklow GE 3.6 MW GE North Hoyle Vestas V80 Gwynt y Mör RWE RWE (50%) 160 30 25 Rhyl Flats RWE (50%) 25 Mostyn Burbo Bank DONG Liverpool Lynn & Inner Dowsing Centrica Westermost Rough 35 Siemens 6 MW DONG (50%) / Marubeni (25%) Humber Gateway 73 Vestas V112 54 Lincs 75 Centrica/DONG/SWP Sheringham Shoal 88 Statoil/Statkraft Scroby Sands 30 Vestas V80 Princess Amalia Vestas V80 60 36 Eneco Egmond an Zee Vestas V90 Vattenfall/ Shell (50%) Ijmuiden Harwich Gunfleet Sands 3 Siemens 6 MW 2 Kentisch Flats Vestas V90 Vattenfall Greater Gabbard Eneco Luchterduinen 43 Vestas V112 RWE/SSE Eneco / Mitsubishi Belwind 140 Vestas V90 Gunfleet Sands 55 Various Northwind DONG (50%) 175 72 Vestas V112 48 London Array Various 54 DONG//others Vlissingen 30 100 Thornton Bank Senvion 5 MW (# 6) Thanet Senvion 6,2 MW (# 30+18) Vestas V90 RWE (27%) / Various Ramsgate Vattenfall 06

NEARBY PORTS No. NO. OF TURBINES AT THE WIND FARM 4 Frederikshavn Various DONG 111 Anholt DONG Kåreham Vestas V112 12 16 Grenå Utgrunden GE Wind 1.5MW 7 Vattenfall Karlskronarona 10 Samsø Siemens 2.3 MW Samsø Havvind Yttre Stengrund NM72/2000 2.0MW 5 Vattenfall Horns Rev 2 Siemens 2.3 MW 91 DONG Esbjerg Horns Rev 1 Vestas V80 80 Vattenfall (60%) Dantysk 80 Vattenfall (51%) Butendiek 80 Various Global Tech 80 Areva Wind 5 MW Amrumbank West Various 80 BARD 80 Bard 5 MW Nordsee Ost BARD (70%) REpower 6 MW 48 RWE Trianel Meerwind Areva Wind 5 MW 40 Alpha Ventus 80 Trianel Blackstone Group (80%) 12 REpower 5 MW Borkum Rifgrund 1 EWE AG/Vattenfall/ 78 DONG Riffgat 30 EWE AG (90%) Skærbækæk Nyborg 7 Sprogø Vestas V90 Sund & Bælt Rødsand 2 Siemens 2.3 MW 90 72 Rostock København 21 Nysted Siemens 2.3 MW DONG (42,5%) Middelgrunden 20 Siemens 2.0 MW DONG (50%) Lillegrund 48 Siemens 2.3 MW Vattenfall Baltic 2 80 EnBW EnBW Baltic 1 Siemens 2.3 MW EnBW & others Sassnitz OFFSHORE WIND FARMS GRID CONNECTED BY THE MID-2016 07

J/U WIND TECHNICAL SPECIFICATIONS GENERAL INFORMATION Length, overall: 55.1 m Width, overall: 18.1 m Hull depth: 4.0 m Pre-loading capacity, active: 600 t/leg Elevating speed: 0.7 m/minute Transit speed: 6 knots Accommodation: 20 single cabins for charterer and 11 single cabins for crew CARGO CAPACITY Payload: 220 t Main deck area: Approx. 430 m 2 MAIN CRANE AND LIFTING CAPACITY Main crane: Liebherr LTR 11200 Main crane boom length: 28-110 m (telescopic) Main crane max. lifting capacity: 40 tons at 20 m radius at 100 m height above deck OPERATING CONDITIONS Service: Weather restricted, site specific Endurance: 30 days Jacking operations - wave height: Up to 1.25 m Jacking operations - wind: Up to 10 m/s Jacking operations - tidal current: Up to 1 kn. Jacking operations max. depth: Up to 35 m 08

J/U WIND PIONEER TECHNICAL SPECIFICATIONS GENERAL INFORMATION Length, overall: 56.0 m Width, overall: 28.0 m Hull depth: 4.5 m Pre-loading capacity, active: 1,200 t/leg Elevating speed: 0.5 m/minute Transit speed: 5 knots (towed) Accommodation: 22 single cabins for charterer and 12 single cabins for crew CARGO CAPACITY Payload: 650 t Main deck area: Approx. 530 m 2 MAIN CRANE AND LIFTING CAPACITY Main crane: Liebherr BOS 7500 Main crane boom length: 78 m Main crane max. lifting capacity: 150 t at 19m radius at 78 m height above deck OPERATING CONDITIONS Service: Unrestricted (as per DNV rules) Endurance: 30 days Jacking operations - wave height: Up to 1.5 m Jacking operations - wind: Up to 15 m/s Jacking operations - tidal current: Up to 2.5 kn. Jacking operations max. depth: Up to 34 m 09

J/U WIND SERVER TECHNICAL SPECIFICATIONS GENERAL INFORMATION Length, overall: 79.5 m Width, overall: 32.3 m Hull depth: 7.4 m Pre-loading capacity, active: 2,700 t/leg Elevating speed: 1.0 m/minute Transit speed: approx. 9 knots Accommodation: 24 single cabins for charterer and 15 single cabins for crew CARGO CAPACITY Payload: 1,760 t Main deck area: Approx. 1,000 m 2 MAIN CRANE AND LIFTING CAPACITY Main crane: Liebherr BOS 14000 Main crane boom length: 87 m Main crane max. lifting capacity: 400 t at 20m radius at 96 m height above deck OPERATING CONDITIONS Service: Unrestricted (as per DNV rules) Endurance: 30 days Jacking operations - wave height: Up to 2.6 m Jacking operations - wind: Up to 15 m/s Jacking operations - tidal current: Up to 3 kn. Jacking operations max. depth: Up to 45 m 10

SAFETY AND QUALITY MANAGEMENT The Health, Safety, Environment and Quality ( HSEQ ) system of ZITON is certified by Bureau Veritas to satisfy the requirements of the ISM Code / MLC2006 / ISO9001:2008 / ISO14001:2004 & OHSAS 18001:2008. The ISO and OHSAS standards are all voluntary, but the company uses them to strengthen its safety and quality standards. The overall goal in terms of HSEQ is zero injuries to personnel and zero damage to the environment. Group management drives a safety first culture on all vessels. The monthly HSEQ report is reviewed by group management to keep focus on safety issues. In order to secure continuous improvements, we use BIM- CO s Shipping KPI system to benchmark our HSEQ performance against other companies and vessels. The company has a Vessel Risk Assessment Management System in place. Before commencing, all interventions are subject to a risk assessment, including a toolbox talk. During 2014, a Safety Card system was implemented to ensure the safety first involvement of all people on each vessel. The Safety Card system allows reporting of safety observations, before they turn into Near Miss Reports or Incidents. As a result of this procedure, the number of Near Miss Reports has declined. A similar trend is seen in the table below covering the past 4 years. 2012 2013 2014 2015 Man-hours worked on board (crew) 40,150 137,664 136,224 208,643 Fatalities 0 0 0 0 LTI (Lost Time Incidents) 0 1 0 0 MTC (Medical Treatment Case) 0 2 3 3 NMR (Near Miss Report) 6 9 21 16 OBS (safety card Observations) - - 34 119 LTIF man-hours worked on board (crew) 0 7 0 0 Lost-Time Incident - LTI: Any work-related incident, in which the injured person is not able to work the day after the incident taking place. Medical Treatment Case MTC: Any work-related loss of consciousness (unless due to ill health), injury or illness requiring more than first aid treatment by a physician, dentist, surgeon or registered medical personnel. Near Miss Reports NMR: An event or sequence of events, which did not result in an injury but which, under slightly different conditions, could have done so. Safety card Observations OBS: Is the number of Safety Card Observations reported with the purpose avoiding they turn into Near Miss Reports. Lost Time Incident Frequency LTIF: This is the number of Lost Time Injuries per million man-hours worked on board. 11

Company ZITON A/S Bygholm Søpark 21E 8700 Horsens Denmark Website www.ziton.eu