K LINE OFFSHORE AS PRESENTATION Joint Offshore Business

K LINE OFFSHORE AS PRESENTATION Joint Offshore Business Development: What are the Implications? Japan-Norway maritime working meeting 3 June 2015 Green Shipping: co-operation between Japan and Norway in the maritime field Tomoyuki Okawa Chief Executive Officer Copyright © “K” Line Offshore AS 1

“K” Line Group Fleet ü Total Number of Vessels under “K” Line Group: 584 Energy Offshore Container Vessels (80 Vessels) Offshore Support Vessel (7 Vessels) Drill Ship (1 Vessel) Heavy Lifter (17 Vessels) Pure Carrier (102 Vessels) Bulk Carrier (261 Vessels) Others (49 Vessels) Crude/Product/ LPG Tanker (24 Vessels) LNG Tanker (43 Vessels) Copyright © “K” Line Offshore AS 2

K LINE OFFSHORE : STRUCTURE Shareholders Equity Vessel Owning & Commercial Management • Founded in October 2007 • 100% owned by Kawasaki Kisen Kaisha, Ltd • Ship owning and operating company of Offshore Support Vessels • Head Office located in Arendal, Norway TCP SMA Technical Management Clients (Charterers) LA Finananciers Copyright © “K” Line Offshore AS 3

K LINE OFFSHORE FLEET • Among the largest PSVs • The most powerful AHTS

IMPLICATIONS : KEY SUCCESS FACTORS High End Hardware 1 st Class Software Compliance with clients demand Create additional value to clients Excellent Coordination among Partners Copyright © “K” Line Offshore AS 5