1. Copyright © “K” Line Offshore AS K LINE OFFSHORE AS PRESENTATION K LINE OFFSHORE AS 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 Joint Offshore Business Development: What are the Implications? 1

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

3. Copyright © “K” Line Offshore AS K LINE OFFSHORE : STRUCTURE Clients (Charterers) Clients (Charterers) Finananciers TCP LA SMA Vessel Owning & Commercial Management Vessel Owning & Commercial Management Shareholders Technical Management Equity 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 3

4. Copyright © “K” Line Offshore AS K LINE OFFSHORE FLEET Among the largest PSVs Deck area 1.100m2 The most powerful AHTS Bollard pull of 397 tons 4

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

6. Copyright © “K” Line Offshore AS THANK YOU VERY MUCH!! TUSEN TAKK !! DOMO ARIGATO!! 6