O N B O A R D W I T H S O L U T I O N S

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O N B O A R D W I T H S O L U T I O N S Prepared by: Garant Group 2016

GARANT A. Pigarev, CEO V. Pigarev, President S. Pigarev, CCO GARANT was established in 1990 as ship repair company. Nowadays GARANT is a family-owned International Group of Companies servicing vessels of our Customers worldwide.

FACTS ABOUT THE GROUP 77% 278 1mln 5000m 2 1300 of all the Projects are carried out outside Baltic sea area employees and specialists service liability insurance of warehouse and workshop facilities ships served annually Sales (EUR) 30000K 25000K 20000K 15000K 10000K 5000K 0K 2010 2011 2012 2013 2014 2015 2016 Sales (EUR) 7812K 9517K 10730K 14607K 20250K 23000K 28000K

IMPLEMENTED PROJECTS WORLDWIDE IN 2016

BUSINESS DIVISIONS

Head Office location: Klaipeda, Lithuania. Trade name: UAB Garant Service Number of employees:80 Size of workshop:2000m 2 27 years experience in Hull & Machinery Services Garant Service provides main and auxiliary diesel engines, pump, deck equipment repairs, overhauls, maintenance and metal constructions fabrication services worldwide. Our goal - to solve all possible issues you may encounter in a quick and efficient way. We work worldwide - our mobile teams travel anywhere where our Customers need us to be servicing the vessels during voyages. All employees have Seaman s Books and visas, Health and Medical Insurance, vaccines and the other necessary documents which are required for worldwide coverage of service. We focus on solutions - every Project is managed by a professional Project Manager, who coordinates all the processes from the beginning to the end.

SERVICES PROVIDED Ship maintenance and repair in operation Main and auxiliary diesel engines repairs, overhaul, maintenance. Complete replacement of main and auxiliary engines including installation of new foundation and chockfast. Turbocharger overhaul. High pressure fuel pumps & injectors repairs. Steering and rudder gear repairs. Deck equipment repairs. Engine s and other equipment alignment using high precision tools (Easy-Laser). Honing of cylinder liners up to 500mm. In-line boring equipment ( Climax machine). Welding, pipe fitting, shell plating replacement works. Our competence Original and custom-manufactured spare parts supply. Reconditioning of cylinder heads, connection rods and piston crowns Machining of engine crankshafts and camshafts up to 8 meters Fabrication of steel constructions.

Our mobile teams are always at your disposal in any ports around the globe or during voyages. Our own personnel with hands on experience: Service Engineers 8 persons; Diesel Technicians 24 persons; Technologists 4 persons; Automation Specialists 3 persons; Welders (for steel, stainless steel, aluminum), Pipe Fitters 14 persons; Project Managers 4 persons. 80% of ship repair and maintenance service is carried out by mobile teams all over the world.

Our service is authorized by the following Makers: Trained personnel is also available for below Brands: Classification societies approvals: MAN Wartsila MTU Daihatsu B&W CAT Cummins Mercedes etc. Liability Insurance up to 1 million Euro.

CERTIFICATES

Head Office location: Klaipeda, Lithuania. Trade name: UAB Garant Safety Branch Office location: Riga, Latvia Trade Name: SIA Garant Safety Number of employees:50 Size of workshop:1500m 2 20 years experience in life-saving/ fire-fighting Equipment Services Core business activities: Life-saving, fire-fighting equipment periodic inspections, repairs and supply. Life-rafts periodic inspections, repairs and supply. Lifeboats and lifeboat davits periodic inspections and repairs. Lifeboat davits, cargo cranes, accomodation ladders (etc.) overload tests. Hook retrofitting. Calibration services for gas-detection equipment, calibrators and UTIs. Navigation marine electronics periodic maintenance and repairs. Hydraulic equipment diagnostics and repairs (cargo cranes, mooring equipment, hatch covers etc.)

MOBILE SERVICE STATION Mobile service stations based in European countries The following services are available alongside ships: Annual, 5-years, 10-years maintenance. Pressure tests, refills, exchange, spare parts supply. Lifting equipment overload tests up to 500 tons. Geography: Germany, Denmark, ARA area. Scandinavian countries and Finland. South Europe.

Worldwide services by flying teams

Our service is authorized by the following Makers: Lifeboats & davits: - Hyundai Lifeboats; - Oriental Inspection & Service; - Global Davit; - Qingdao Beihai Shipbuilding Heavy Industry; - Jiangyinshi Beihai LSA; - Jiangyin Neptune Marine Appliance; - Zhenjiang Marine Auxiliary Machinery Works; - Bada Heavy Industries; - Palfinger Marine Fire-fighting & gas-detection equipment: - Dräger; - Bauer Compressors. Liferafts: - Viking Life-saving Equipment; - Fujikura Composite; - Uzemik; - SeaSafe/ Shanghai Youlong Rubber Products; - Stomil Rubber Industries. Navigation & marine electronics: - Japan Radio Company; - Furuno; - Sperry Marine; - Rutter; - Transas; - NetWave Systems; - Danelec Marine; - Headway Technology

Classification societies approvals: Flag approvals:

Head Office location: Klaipeda, Lithuania. Trade name: UAB Garant Diving Number of employees:30 Underwater works up to 30 meter depth. 24 years experience in Underwater Operations. Core business activities: In Water Survey. Underwater hull cleaning & propeller polishing. Azimuth thruster replacement. Propeller replacement/ installation PBCF. Propeller repair & re balancing. Blanking of sea-chests. Underwater welding & cutting. Rudder repair. Permanent hull insert repairs (Class approved). Underwater damage surveys. Emergency - ships salvage. Tail shaft rudder clearance measurements. Underwater inspection of offshore units. Underwater thickness gauging. Berth repairs. Search and recovery of lost chains, anchors, steel objects (using magnetometer).

Our equipment and floating crafts DSV (diving support vessel). Multipurpose research vessel. Multipurpose crane vessel. Floating platform crane. Tug boat. Mobile diving station (fully equipped bus). Brush Kart. Caviblaster. Marine magnetometer. Ultrasonic thickness gauge.

SERVICES PROVIDED Classification societies approvals: