Nordic American Offshore - homogenous, high-quality and flexible Name status Yard DWT NAO Fighter delivered Norway 4,200 NAO Prosper delivered Norway 4,200 NAO Power delivered Norway 4,200 NAO Thunder delivered Norway 4,200 NAO Guardian delivered Norway 4,200 NAO Protector delivered Norway 4,200 NAO Viking delivered Norway 4,200 NAO Storm delivered Norway 4,200 NAO Horizon delivered Norway 4,200 NAO Galaxy delivered Norway 4,200 NAO was established in 2013 with NAT as sponsor, manager and largest shareholder. The initial fleet was acquired from the Ulstein Group for $270m. The company is based on the Nordic American Tankers model and is listed on the New York Stock Exchange (nyse:nao)

A Unique Strategy in the OSV* Segment based on NAT Leverage Free float Pure play Young fleet Low High Yes No     Norwegian OSV companies  US OSV companies   NAO is offering a pure play PSV company Norwegian OSV companies are generally highly leveraged, with a low payout ratio and a mixed fleet of different vessel types, in addition to PSVs, primarily in the AHTS and Subsea Construction category * OSV: Offshore Supply Vessel. Comprises PSV, AHTS (Anchor Handlers) and CSV (Subsea Construction)

Applying a Different Approach Basic Parts of a Successful Company NAO Differentiating Dimensions People Experienced management team, with a proven track record including in the US capital markets. Dividend Policy Whereas most listed supply companies pay out little or no dividend, NAO will have, as a guideline, in a strong market a full dividend payout policy from operating cash flow. Low G&A Costs Lean organization, supported by NAT’s administrative platform. Cost savings in focus. One Type of Ship A high quality, homogenous fleet, will lead to high utilization and minimized operational costs over time. Basic Strategy The Company is a replica of Nordic American Tankers Limited. Capital Vessels People

Investor Focused Offshore Supply Company - Simplicity, Transparency, Predictability expansion of fleet A pure play PSV fleet All cash flow distributed to shareholders Maintain strong balance sheet Maximize Total Return incl. Quarterly Dividend Interests aligned, shareholders - management Low cash breakeven level about $11k/day/ship Mixed exposure to spot and TC rates Low G&A costs Leverage industry network

Key personell Herbjørn Hansson Marianne Lie Jim Kelly Paul Hopkins David Workman Bjørn Giæver Tomas Nilsen Executive Chairman Vice Chair Director CFO Chartering