I m very proud for what we have achieved and look forward to meet the challenges ahead and to the prospects for continued growth.

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At MarineJetPower we never lose sight of our core purpose: to supply world class products and services for the Waterjet propulsion market in a reliable and professional way. We understand that personal engagement, relationship, trust and skills is something this market need, thus our focus has been to create a global capable organization that will give class leading timely support in all time-zones. Our ambition to dominate the Waterjet market drive strategic investments in people and capabilities as well as new product developments, central to these is a responsibility to ensure that the systems and services we supply to our customers is affordable and meet required quality. We have today a complete product range giving cost effective solutions for all types of applications and have already in several segments and regions established ourselves as the leading brand for water jets. I m very proud for what we have achieved and look forward to meet the challenges ahead and to the prospects for continued growth Anders Björe, CEO 2

A force to trust First reason to go for water jets is high speed demands, but there are several other excellent reasons to choose water jets over conventional propeller installations. The most obvious benefits include protected propulsion, high efficiency, good maneuverability, shallow draft capability, smooth engine loading, less vibration and lower waterborne noise. When you add all these together, it s clear that today s water jets are an impressive evolution in marine propulsion. Marine Jet Power is a leading innovator and supplier in the marine propulsion field. Around the globe we re satisfying demanding customers that insist on high performance and reliability. We offer solutions to cover all your needs from small craft to ships. Our systems have proven their utility in the toughest military applications as well as in luxurious yachts requiring smooth, quiet power. Owned by the Nordic-based private equity fund Verdane Capital, Marine Jet Power is represented globally through a network of sales and service agents in more than 30 countries. Our international headquarters are located in Österbybruk, Sweden, with regional sites and sales & service offices in UK, US, Singapore. Our global presence enables us to deliver an outstanding user experience and service where ever you are located. If you want to excel in speed and power, if you are looking for a partner you can trust, Marine Jet Power is the choice. HIGHEST CAPACITY Cooper invented the split to the shaft roller bearing and have more than 100 years of experience in developing and manufacturing. www.cooperbearings.com WIDEST RANGE Nomo is an authorized distributor of Cooper products. Specially adapted for marine applications and the harshest environments. www.nomo.com +46 10-150 16 60 3

4

A pioneering history Marine Jet Power is the result of the 2012 MJP acquisition of Ultra Dynamics. Our history has roots extending deep into the origins of water jet propulsion. For several decades, great engineering minds were working around the world to perfect the water jet concept. In the UK during the mid-60s, the Dowty Group, an aerospace and engineering conglomerate, was making drive units for military craft. In the US, Ultra Dynamics took over the marine propulsion sector of Ultra Hydraulics. Meanwhile, in Sweden, MJP was created in 1986 as a joint venture between the Marinteknik Shipyard and the Österby Gjuteri, a foundry with specialty expertise in casting stainless steel. Within a year they had designed and delivered their first water jets an installation that is still in daily service in the Cinderella fleet of large ferries in the Stockholm archipelago. Each of these pioneering companies saw the future advantages of water jet systems and made their special contributions. Now, their skill, commitment and knowledge in water jet propulsion are effectively synergized to form today s Marine Jet Power. 5

World-class service & after sales At Marine Jet Power our approach is direct and individual, we provide service adapted to every operator s needs. At your request we can provide direct service instruction to operational personnel, shipyard staff or the operator s appointed service body. Both theoretical and hands-on, this training may include courses in assembly, hydraulics and controls. Service engineers can be sent from any of our nearest locations. When you need replacement parts we promise to provide you with the fastest possible turnaround time on spares. With our widespread parts network and deep inventory, our service staff is ready at all times to express-deliver the items you need, anywhere in the world. We are committed to: Understanding your needs and wishes Providing the right advice and quick answers to your questions Knowing how our products can best suit your needs Supporting you throughout the project until it is completed to your satisfaction. Delivering what we promise in all situations 6

Our goal is to be The Best Propulsion Partner What kind of after sales service can I expect when I buy a product from MJP? Full jet and control system. Client handover package which includes: service and maintenance manuals, useful points of contact, local agent and MJP team and system training. High quality and reliable engineered components, included in the genuine spare parts package supplied by MJP 7

8 Packaging Construction Concrete We build according to your wishes! Martinvägen S-748 30 Österbybruk +46 (0)72-218 36 90/91

The EMEA Region Jukka Kukkula, Regional Director, EMEA: Europe Middle East Africa (EMEA) is one of the three business regions at Marine Jet Power and at EMEA we serve all customer segments; governmental, ferry, yacht and workboat markets, whereby governmental applications are the largest. As of today more than 35 Navies and Coast Guards have chosen Marine Jet Power water jets to propel their fleets. Another important business area for MJP-EMEA is the energy segment and especially Wind Farm Support Vessels. Until now we have delivered equipment to 62 vessels, serving mainly customers in Denmark, Netherlands and the UK. Marine Jet Power has also found a new market in Italian yacht builders. In the EMEA region our customers are giving us their trust because our products have become known for their reliability and the high quality and not at least, the world class after-market and service organization. Marine Jet Power is among the three major players in the EMEA water jet market and our market share is growing steadily. Political tensions boost government investments and MJP see a lot of growth potential in the EMEA region, especially in the Middle East. MICKELSSONS MEKANISKA VERKSTAD AB Industrial service Maintenance Laser alignment Welding Constructions Karl Kihlboms Väg 13, S-748 30 Österbybruk +46 295-202 80 +46 70-379 99 86 www.mmv.se 9

MJP, the partner you can trust under any environmental, geographical or technological circumstances We have been manufacturing panels to Marine Jet Power for 30 years IDEALGRAVYR AB Stallarholmsvägen 28-30, S-124 59 Bandhagen Tel +46 (0)8-17 91 35 Fax +46 (0)8-17 91 36 info@idealgravyr.se www.idealgravyr.se 10

The APAC Region Robert Magnusson, Managing Director APAC: In the shipbuilding market, Asia is still dominating with competitive price levels for new buildings which attracts commercial vessels worldwide. MJP is currently working with approximately 30 yards in the APAC-region, both for commercial and governmental projects. Our customers operating in Asia is demanding high quality products, service, support and presence in the area. Products are expected to be built for heavy duty operations, with a robust design in order to minimize the down time of the vessels. To give our customers the confidence that MJP is always available and able to give support, wherever and whenever needed. Also it is very important that MJP is very well aware about the working environment for our customers, understanding the needs and the importance of product and support performance. The passion of our team will make MJP number one in the world as a water jet supplier. We would like to transfer this passion to our customers and make them understand the design philosophy of our products. Buying a water jet from MJP you do not only install a MJP water jet, you become a member of the MJP family, with a strong relationship to our staff that will be there for you whenever you need them to. SKF marine capabilities SKF offers a wide range of solutions for the marine industry. Our products and services apply to many areas of a ship, making us a valued system and services engineering partner for designers, builders and operators of many types of ships. Please visit skf.com/marine for more information The Power of Knowledge Engineering SKF is a registered trademark of the SKF Group SKF Group 2014 11

A major focus for the company is now on the crew and supply boat vessles in the off shore oil industry in the Gulf of Mexico. The most flexible office in Sweden 12 Collaborator to Marine Jet Power AB Prefabricated buildings for offices, schools and pre-schools. www.pamil.se +46 42-29 30 55

The Americas Region The Americas region covers both North and South America. The US office for Marine Jet Power sales and service has been located in Columbus Ohio for over 25 years, especially with the MJP Ultrajet product. Focusing on revenue producing and governmental applications, MJP Inc supports customers from as far north as Alaska, throughout Canada and the US in Navy, Coast Guard and fisheries vessels, as well as in passenger vessels from the Northeast US coast all the way south into the Caribbean. In South America MJP waterjets can be found on a growing number of pilot and patrol boats in Columbia and Peru, as well as in crewboats in Venezuela. We continue to work hard to expand into emerging markets in this region. A major focus for the company is now on the crew and supply boat vessels in the off shore oil industry in the Gulf of Mexico. The demands of the 24/7 industry require durable, dependable waterjets and controls with DP capability, and we have invested in personnel and parts availability in this business sector that has resulted very quickly in three vessels now equipped with MJP waterjets. Regional Director Jim Campbell and his team look forward to a growing business and relationships in the region. One stop shop Casting Machining Tailor made solutions Stainless know-how Research and development www.ogab.se 13

MJP Hybrid Well proven, world class technology Marine Jet Power is proud to introduce a totally new product concept optimized for highspeed applications. MJP Hybrid is the result of a combination of best ideas and technologies in former MJP and best ideas and technologies in the former Ultrajet. The MJP Hybrid water jet is a brand new and unique combination of MJP technologies combining the very best characteristics of the revolutionary MJP DRB series, with the highly respected MJP Ultrajet series. The MJP Hybrid is offering striking performance in an attractive package, at an attractive price level, suitable for all high-speed applications. It is a complete jet for fast mounting, welding or bolting, into the hull structure. Marine Jet Power products will not only take you home, they will take you to success. 14

Products Features & Benefits Complete jet assembly, in aluminum frame for welding or bolting into hull structure. Well proven, full duplex stainless steel pump with superior wear strength. No separate wear liner. Part of intake tunnel in GRP for corrosion protection and minimum maintenance of intake structure. Mixed-flow jet technology with minimum tip clearance for superior performance. Inboard support bearing and standard shaft length prepared for intermediate coupling and shaft. Inboard hydraulics with tank unit and valves assembled on the jet. HYDRAULIC POWER UNITS MANIFOLDS COMPONENTS SYSTEMS Fågelviksvägen 18 145 53 Norsborg Phone +46 8 531 999 00 Fax +46 8 531 999 10 www.hydroswede.se info@hydroswede.se 15

MJP CSU The traditional MJP CSU waterjet with a Compact Steering Unit offers a classic design with superior performance and unmatched service life in for instance Commercial Crafts, Coast Guards, Navy Applications and Yachts. Features & Benefits Compact Steering Unit Duplex stainless steel waterjet with superior wear strength Thrust is taken in jet unit in an oil lubricated hub unit accessible from aft available from MJP 550 and up Lowest noise and vibration with floating drive shaft design Mixed flow waterjet with minimum blade tip clearance no wear liner is needed in line of the impeller for the best available jet performance Intake either completely or partly of GRP for the best performance, corrosion protection and service life Electronic control options see MJP designers guide 16

Products MJP DRB MJP DRB, Double Reverse Bucket, is a well-proven mixed flow all duplex stainless steel product with a five-year warranty unique in the maritime industry. It offers an inboard hydraulic design with superior performance and unmatched service life in for instance Commercial Crafts, Coast Guards, Navy Applications and Yachts. Typical powers are from 500 to 2,500 kw. Features & Benefits Double Reverse Bucket inboard hydraulics Duplex stainless steel water jet with superior wear strength Lowest noise and vibration with floating drive shaft design Thrust is taken in jet unit in an oil lubricated hub unit accessible from aft available from MJP 550 and up Standard intake of GRP for the best performance, corrosion protection and service life Mixed flow water jet with minimum blade tip clearance no wear liner is needed in line of the impeller for the best available jet performance Electronic control options see MJP designer s guide in command Caldaro AB is an international leading manufacturer of advanced HMI/MMI solutions to the marine and offshore market. We develop and manufacture joystick, levers, azimuths and sensors for water jets, thrusters, rudder and propulsion controls, winches, offshore cranes and much more. Get to know more at www.caldaro.com 17

Composite coupling Steel laminae coupling All-steel gear coupling KTR Sverige AB Tel. 08-625 0290 info.se@ktr.com Greatest in Couplings 18 www.ktr.com

Products MJP Ultrajet MJP Ultrajet is a well-proven axial flow, aluminum water jet with stainless impeller and drive shaft, and it s equipped with integrated hydraulics on a complete assembled water jet unit. Typical powers are from 100 to 1500 kw. Features & Benefits Excellent resistance to cavitation in displacement craft high thrust at low speed Lightweight and compact design with a variety of jet mounted control systems Superior maneuverability. Ability to accelerate quickly, reverse, stop, rotate, hold station and move sideways for ease of docking Higher mid-range thrust for improved cruising speed and economy Lower vibration and noise levels than other propulsion methods Wide range of Marine Jet Power-developed mechanical and electrical reversing controls Standard rubber impeller shaft bearing or optional composite bearing, if dry running is required Västra Ösavägen 24B SE-822 40 ALFTA Tel. +46 271 588 60 Fax +46 271 121 20 Machines set 3 Lathes, 7 Multitasking Lathes, 12 Machining Centers We are a contract manufacturer of detail, which primarily requires high competence terms of quality machining in CNC Multitasking Lathes and Machining Centers with complementary circular welding. We are at the forefront with regard to follow developments in processing technology and computer-based means, all in order to offer the best possible solutions to you as a customer. Our quality work and our preventive measures within ISO 9001-2008, enables us to achieve our goal of zero defect. Learn more about what we can offer at www.alfta-kvalitetslego.se 19

REGAL FUTURE NOW SINCE 1982 OUR KNOWLEDGE GIVES YOUR COMPANY A LEADING START! Regal delivers cylinder sensors to Marine Jet Power for a safe control and position feedback of the steering and reversing system. Regal specializes in sensors. Please contact us at +46 18-65 70 00 or visit our web site for more info. WWW.REGAL.SE 20

The governmental market Marine Jet Power is the global market-leader in water jets for governmental applications. MJP provides a unique and unbeatable offer: products designed for heavy-duty applications matched with world-class service. We continue our expansion into the world wide governmental deals. Around the world MJP jets are used in vessels for patrolling, surveillance, peace keeping and chasing drug smugglers. The product is extremely strong and well performing. MJP combines excellent high speed performance with patrolling and low speed maneuverability. Jets are generally very kind to the engine. The shaft speed varies very little with ship speed, load, sea and weather condition, minimizing the wear and tear on the engine and gear. In more than 35 nations, governmental organizations such as Navies, Coast Guards and Customs have selected Marine Jet Power products, thus raising the company to a position of market leadership in this segment. MJP is the natural first choice for Coast Guard and Navy vessels. The Nordic Leader in Hydraulics PMC is the leading provider of hydraulic solutions for industry in the Nordics. The Group's know-how also extends to electromechanics, lubrication and pneumatics. This gives PMC uniqe total competence to offer customers complete solutions. Many of the Group's customers operate on a global market and have a presence outside the Nordics. The Group operates on a borderless basis, closely following in its customers' footsteps around the world. PMC is their global partner. www.pmcgroup.se 21

Marine Jet Power the Swiss watches of water jets Successful sea trials of Tampa Yacht Manufacturing s latest 50 Fast Attack Craft won high praise for the performance of MJP water jets from the builder s CEO Robert Stevens. We are very pleased with the performance of the vessel and the MJP water jets have given a huge performance boost to an already world class design said Stevens adding that he considers the MJP jets to be the Swiss watches of water jets built from high quality materials and with an exceptional standard of fit and finish. The 50 Fast Attack Craft is a carbon-fibre reinforced, GRP 16.15M (53 ) LOA, patrol vessel with a beam of 4.43M (14 8-1/2 ). The design has been a best seller for Tampa Yacht Manufacturing and exists in multiple mission configurations. The latest craft is the first to have been equipped with MJP water jets but retains the standard MAN R6 800HP diesel engines running at 2,350rpm, and a ZF 500 Gearbox at 1.125:1 Ratio. The MJP 350 DRB water jets installed are fitted with a six-blade stainless steel impeller. Right now, the sun is rising in a Mercuri Urval country. www.mercuriurval.com In business everywhere 22

During sea trials in June 2014 in Tampa Bay, Florida, the fully laden, battle-ready condition vessel reached an average top speed of 46.0 knots at full engine load and consumed 40.70 gallons of diesel per hour. Stevens was delighted at the performance boost. This will make the MJP jets a key component in delivering the performance our customers expect he said. During the trials, acceleration performance from 0-25kts averaged 23.8 seconds. Another set of acceleration trials conducted from 0-35 knots averaged 34.4 seconds. All test were conducted with the vessel fully laden total weight of 48,596 lbs (24 tonnes). The tested vessel was the first to feature implementation of the Ultrajet control system with MJP s stainless steel water jets. This implementation allows the Ultrajet control system to be matched with the high performance duplex stainless steel MJP water jets. We are one of the leading steel foundries in the Nordic region. We cast steel in most common alloys, both high and low alloyed depending on customer requirements. Thanks to the extensive expertise and experience, we can supply castings of the highest quality with good dimensional accuracy, smooth surfaces and low post-processing costs. Our motto is "customer focus", we are a flexible foundry with short lead times. www.ksgab.com 23

Sweden Marine Jet Power AB SE 748 01 Österbybruk, SWEDEN Phone: +46 (0) 295 244 250 UK Marine Jet Power Limited Upperfield Rd, Cheltenham, Glos, GL51 9NY, ENGLAND Phone: +44 (0) 1242 707 900 USA Marine Jet Power Inc. 6740 Commerce Court Drive Columbus, OH 43004, U.S.A. Phone: +1 (614) 759 90 00 Italy Marine Jet Power Italy Via Marco Polo 127/12 55049 Viareggio (LU) Phone: +39 (584) 407 057 Singapore Marine Jet Power Singapore Pte Ltd 3 International Business Park #04-27 Nordic European Centre SINGAPORE 609927 Phone: +65 9641 31 42 www.marinejetpower.com Concept: JS Media Tools A/S 7221 www.jssverige.se 24