SHORT COMPANY PRESENTATION FOLLOWED BY R&D BECOMES REALITY

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1 SHORT COMPANY PRESENTATION FOLLOWED BY R&D BECOMES REALITY

2 WE ARE MMT We collect, process and visualise the conditions of the seabed. We offer assured surveys in bathymetric, geophysical and geotechnical services, specialising in the oil & gas, hydrography and renewable energy sectors.

3 MMT TAKE RESPONSIBILITY, WE ARE IN CONTROL AND WE CARE. COMPANY PROFILE Founded in 1976 Offices in Gothenburg Sweden, Haugesund Norway & Banbury, UK +230 staff Turnover 2014: ( SEK) 6 Survey & ROV vessels 1 SROV, 6 ROV s and 2 ROTV s

4 TEAM OF SPECIALISTS We believe in investing in our business and continuously developing our services, and that includes our employees, so we actively encourage curiosity and creativity in the workplace to help find new solutions and innovate ideas. We employ: project managers, marine geologists, geophysicists, geotechnical engineers, biologists, oceanographers, hydrographs, ROV-pilots, engineers, technicians, CAD and GIS personnel, IT crews and ship crews.

5 WHAT WE DO Services Clients Segment Markets Pipeline and cable route surveys Pipeline inspection surveys Pre and post lay surveys UXO surveys IRM Cathodic protection Environmental surveys DOB surveys Geophysical investigations Geotechnical investigations Hydrographic surveys Statoil Dong Energy Nord Stream Shell British Gas EMAS ExxonMobile ASC Statnett Tennet Nexans 50 Hertz MCA SMA FTA..and more Marine survey Inspection, Maintenance and Repair Oil & Gas Marine Cable Renewable Energy Hydrography

6 HSEQ Our survey operations are ISO9001:2008, ISO14001:2004 and OHSAS 18001:2007 certified. Sellihca: registration no Achilles JQS; registration no FPAL Verify; registration no Supply-Line; registration no UVDB Cat B Verify; registration no Connexio: registration no

7 Vessels We operate fully equipped survey and ROV vessels. Our combined vessel sizes and range make it possible to offer a complete solution for all waterdepths.

8 OIL & GAS MMT ARE COMMITTED TO LONG TERM AGREEMENTS WITH THE SAME ENTHUSIASM AND CARE AS THE VERY FIRST DAY. TODAY WE HAVE FRAME AGREEMENTS WITH DONG, STATOIL AND SHELL Pipeline and cable route surveys Pipeline inspection surveys Pre and post lay surveys UXO surveys IMR Cathodic protection Environmental surveys DOB surveys Geophysical site investigations Geotechnical investigations

9 RECENT OIL AND GAS PROJECTS PROJECT NAME CLIENT SOW LOCATION DONG API 2015 DONG ENERGY E&P AS PIPELINE INSPTCTION WITH ROV AND ROTV NORTH SEA COSTAL PIPELINE INSPECTION STATOIL PIPELINE INSPECTION NORTH SEA GASCO KNARR PIPELINE GASSCO AS SURVEYOR ROV PIPELINE INSPECTION NORTH SEA PIPELINE INSPECTION PERENCO PERENCO UK LTD PIPELINE SURVEY NOTRH SEA NORD STREAM GAS PIPELINE NORD STREAM AG VARIOUS WORKS, RE-ROUTE SURVEYS, GRADIOMETER SURVEYS, UXO TARGET EMAS TROLL A EMAS ROV WORK AND CABLE PREPARATIONS AND BURRIAL BALTIC SEA NORTH SEA

10 WHY ROV-BASED SURVEY? High resolution low range Data density low range Ultra high resolution very low range When? Environmental Assessment Morphology Obstacles UXO 3 rd party intervention

11 WROV Survey Improvements needed Cost effective Energy effective Robust Accurate Price /km High resolution sensors Sturdy handling Highest resolution Alternatives Problems AUV Towed systems Endurance, quality, handling Layback, positioning

12 SURVEYOR INTERCEPTOR (SROV) Features Pure sensor carrier Increased speed up to 4 times existing ROVs Stable and accurate Unlimited power and data transmission Benefits Unsurpassed resolution and performance with substantial cost savings Flexible No switch-over needed between reconnaissance and detailed survey 700 kg payload Operational between 10 m 2000 m

13 1340 in the information contained therein. Reproduction, use or disclosure to third parties without consent is strictly forbidden. C K Y S T D E S I G N AS 1200 Surveyor Interceptor SROV A A 2000 B B C SCALE 1:25 C Itm. Qty. Description Drg. / Spec. Material A ISSUED FOR COMMENTS AHO EKB EKB Rev. Date Description Prep Chk App D 5582 Drawing title SURVEYOR GA - SURVEYOR Size A3 D K Y S T D E S I G N AS Strandgaten 202, 5525 Haugesund, NORWAY Tel: Fax: Scale Sheet 1 File name of AE M

14 SURVEYOR INTERCEPTOR Speed - Production Top speed Over 8 knots 1m altitude 2-4 knots 4m altitude 4-6 knots 10 m altitude 6-7 knots Service interval 100 h / 500 h Production over time km/day depending on topography and depth SROV vs. ROV - Faster, more stable, better resolution SROV vs. AUV - Faster, power, dataflow, handling SROV Higher resolution at lower price

15 Weight Power Propulsion Dimension Payload Speed Operative depth Multibeam Integrated Video & Photo Laser bathymetry LED lights flashes LED lights kg V 225 Hp 5.5 m x 2 m x 1.2 m (3.6 m with wings) 700 kg 8 knots m Kongsberg 2040 Quad Cathx Ocean Cathx Ocean 6 x lumen 4 x lumen 3D imagery Stereo Imagery Cutting edge positioning systems. Sonardyne iusbl Full redundancy INS IxBlue ROVINS & Sonardyne Sprint DVL SSS & SBP Edgetech 600 / 1600 khz Edgetech DW khz Navigation & Reporting Eiva NaviPac + QINSy

16 SURVEYOR INTERCEPTOR (SROV) Pipeline inspection campaigns in the North Sea Extensive trial period One pre-lay cable inspection (2580 km, 200 m 1100m) First commercial pipeline survey averaged 3.33 knots at water depths between 140 m to 400 m. (106 km in 17 hours)

17 MBES BATHY Kongsberg EM2040 Q 5 kn 5 m alt < 0.4% noise

18 Laser bathymetry Cathx Ocean 4 kn 7.4 km/h 2 m altitude

19 Geophysics Edgetech khz 2205 (DF MP 600) 4.2 kn 5 m alt Side scan with 3d multibeam data overlayed

20 Sub bottom profiling Edgetech DW khz 4.2 kn 5 m alt

21 Pipeline Inspection Video For comparison

22 Photo cropped Cathx Ocean M12-A1000 5kn 5m alt

23

24

25 WHY SROV? High speed survey -> less survey time -> reduced weather risk = outstanding cost efficient platform Reconaissance or detailed survey including visual inspecting with no need for remobilisation Positioning and data quality outperforming alternatives 700 kg available payload and innovative experts defining tomorrows new survey solution

26 Our goals: Substantial cost reduction within specifications Substantial resolution increase while lowering cost Unsurpassed resolution and performance Our commitment: Highly motivated experts will deliver excellent results to the market. Never second best.

27 THANK YOU! Svante Johansson Head Office: MMT SWEDEN AB Sven Källfelts Gata 11 SE Västra Frölunda, Sweden Phone: +46 (0) UK Office: MMT (UK) LTD 2A Banbury Office Village, Noral Way Banbury, Oxon, OX16 2SB, UK Phone: Norway Office: MMT NORWAY AS Haraldsgata Haugesund, Norway Phone: +46 (0)

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