Policy Statement

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Policy Statement The Heerema Fabrication Group is a leading engineering and fabrication contractor for large and complex offshore structures to the oil & gas and energy industry.

Building on Reputation:

The Heerema values are paramount to achieving our objectives.

EVA thinking Business sense Cost awareness

REPUTATION

CE

LIT Y

Ambassadorship

FIN A PER NCIAL FO R MA N

Social Responsibility

Business Relationship

RES

Competence development

PEO PLE

Goal Orientation

PO N

SI B I

Safety, Health & Environment

Business Ethics

ST TRU

Continual improvement

Forward Thinking Communication

LIT Y

Client focus

HIP

Team work

QUA

Products and Services

ERS

Guidance

D LEA

Entrepreneurship/Initiative

These values will be maintained by: ■ Leading by Example (outperforming competitors, setting clear targets) ■ Caring for our People (hiring and developing talent, allowing room for creativity, growth and ambition) ■ Delivering Quality (building to withstand the test of time, executing efficiently and effectively) ■ Acting Responsibly (putting safety and environment first, being aware of cultural sensitivities and ■ ■

ensuring compliance with corporate governance and legislation) Striving to Earn Trust (keeping promises, dealing fairly, being consistent and transparent) Aiming for Continuity (striving for creation of sustainable value and ensuring profitability)

All accidents are preventable. We will therefore actively pursue our ultimate objective of an accident free and efficient workplace and prevent harm to personnel, third parties, facilities and the environment. We recognise that Quality, Safety, Health and Environment are critical to success of the organization and will therefore ensure communication, knowledge of and compliance with our procedures and policies. In order to be able to implement this policy statement, HFG has implemented and documented an integrated management system, which has been designed, maintained and reviewed for suitability to meet ISO 9001, ISO 14001, OHSAS 18001 and the most accepted safety codes and standards in the industry, as well as all relevant legislative requirements. We will ensure continual improvement of the effectiveness of the Management System by on-going assessment and review. This policy is communicated, implemented and maintained at all levels of the organisation as well as interested parties and the public at large. Heerema Fabrication Group, 1 January 2014.

Wim Matthijssen COO

Koos-Jan van Brouwershaven CEO

Peter Huisman CFO