PresentationEAGLE-

&TEKNOTHERM GROUP

TEKNOLOGI – OG INDUSTRIFORUM

2015

Company Milestones • 1926: The story starts by establishing Lehmkuhl Industries in Oslo

• 1973 Lehmkuhl establish office in Halden

• 1982: Einar Myklebust buying shares in Lehmkuhl Industries and establishes the company Teknotherm AS.

• 2003: Teknotherm AS renamed to Eagle AS and converted to a parent company. - Eagle AS develop investment portfolio within shipping and property.

- New operational company established with the continuation of Teknotherm AS company name.

• 2007: The industrial part of Teknotherm (Teknotherm Industri AS) demerged from the company and the remaining part sold to Iceberg AS.

• 2009: Teknotherm Industri AS renamed to Therma Industri AS.

• 2011: Eagle AS acquires Grimstål Produkter AS.

Company Milestones

• 2012: Eagle AS continues the repurchased business through Teknotherm Marine including foreign daughter companies.

• 2013 Teknotherm establish business in Turkey.

• 2013 Teknotherm- Therma Tromsø established as a separate company - focus on service and aftersales.

• 2014: Teknotherm Engineering established in Halden with underlying daughter company in Bosnia.

• 2014: Eagle AS acquires the majority shares in the company RENA Technology

ASA, main office located in Stavanger.

• 2015: Eagle AS acquires 34% of the shares in the company Quality Group AS,

main office located in Moss.

Eagle ASFamiliy-owned Investment Company

Established 1982CEO Pål Myklebust

Eagle Shipping AS100% owned subsidiary

Established 2007CEO Pål Myklebust

Shipping Investments

Eagle Property AS100% owned subsidiary

Established 2010CEO Pål MyklebustFactory in Halden

Teknotherm Marine AS100% owned subsidary

Established 2011CEO Roy Moberg

Marine Refrigeration

Teknotherm EngineeringHalden, Norway

100% owned subsidaryEstablished 2014CEO Roy Moberg

Marine Engineering

TeknothermEngineeringZepce, Bosnia Herzegovina

100% owned subsidaryEstablished 2013

CEO Ivo KlaricMarine Engineering

Teknotherm-Therma Tromsø ASTromsø, Norway

50% owned subsidaryEstablished 2013

CEO Ørjan TjosaasMarine- and Industrial Refr.

Teknotherm Marine HVACStettin, Poland

100% owned subsidaryby Teknotherm Marine AS

Established 2006CEO Tomasz Skrzypcczak

Teknotherm Refr. WuxiWuxi, China

100% owned subsidaryby Teknotherm Marine AS

Established 2008CEO Ivo Klaric

Teknotherm Refr. ABGøteborg, Sweden

100% owned subsidaryby Teknotherm Marine AS

Established 2008CEO Mats Udèn

Offshore/Industrial Refr.

Therma Industri AS92,5% owned subsidiary

Established 1997CEO Trond Sparling

Industrial Refrigeration

Teknotherm-Therma Tromsø ASTromsø, Norway

50% owned subsidaryEstablished 2013

CEO Ørjan TjosaasMarine- and Industrial Refr.

Grimstål Produkter AS100% owned subsidiary

Established 2011CEO Christer MattssonMechanical Production

RENA Technology AS52,8% owned subsidiary

Established 2008CEO Åsbjørn Dysvik

Oil and Gas

RENA DO BRASIL Ltda.51% owned subsidiary

Established 2014Gen.Man. Andrè F. Paschoalin

Oil and Gas

On Time PersonellStavanger

5% owned subsidiaryEstablished 2009

CEO Cathrine StangelandPersonell for Offshore

Industry

Quality Group AS34% owned subsidiary

Established 1997CEO Tore Ausland

Oil and Gas

Quality Group pte Ltd Singapore

70% owned subsidiaryOil and Gas

Quality Group pvt Ltd India

70% owned subsidiaryOil and Gas

Eagle AS Organization

Teknotherm GroupCore business

MARINE & OFFSHOREREFRIGERATION

world wideHVAC only in some selected markets

Teknotherm Marine A/S with subsidiaries Representatives

TEKNOTHERM WORLD WIDE

Halden, Nor

Ålesund, Nor

Stavanger Nor

Gothenburg, Swe

Szczecin, Pol

Wuxi, CN

St. Petersburg, RusIstanbul, Tur

Tromsø, Nor

Zepje,Bosnia

Rio, Brasil

BUSINESS AREA REFR. MERCHANT MARINENew-buildings/Retrofit

REFR. FISHING FLEETNew-build./upgrading

REFR. AFTER SALES Service - spare parts – services -components

REFR. OFFSHORENew-buildings/Retrofit

HVAC MERCHANT MARINENew-buildings/Retrofit

Acquired Majority (52,8%) Okotober 2014

Quality Group supplies technical services and smaller EPC projects of selected product range. We are developing products that increases efficiency and reduces HSE risks in offshore operations. Our group are working with the major companies in the Oil & Gas and Marine sector and is located in Norway, Singapore and India.

Acquired shares (34%) Februar 2015

ROXEL PRODUCTS

ROXEL AANESTAD

ROXEL SOLUTIONS

RXEL HVAC

ROXEL RENTAL

ROXEL RIGQUIP

HVAC Systems

Turn Key Ventilation systems

Refrigeration systems

Drillers Cabin and LER HVAC

Control cabinets

Engineering and support

After sales

Signed Agreement - Mars 2015

Main office Teknotherm Group and factory in Halden – since 1973

- Sales & design office- Projectmanagement. - Full scale productions off units &

components- Special units for the Fishing fleet- Offshore- Service & aftersales

Teknotherm Refrigeration AB – Gothenburg SwedenOffshore -

Serving the offshore industry•Fixed platforms for drilling, production and accommodation•Semi-Submersible rigs for drilling, production and accommodation•Jack-up drilling and production rigs•Floating Production Storage Offloading Vessels•Offshore supply vessels

- Sales & design office- Engineering and documentation- Project management. - Refrigeration plants and units built in Halden,

incl. automation - Commissioning and services

Factory in Halden - Full facility test - FAT and running tests

Standard water chillers, single & twin units

- Norwegian Teknotherm design and world wide available components

- High level of quality and competetive

Factory in China, Wuxi Opening ceremony 2008

Manufacturing of pressure vessels

Licence welding

Steel forming

Refrigerant piping

Electrical workshop (Halden)

ISO 9001

Own Production in Halden and Wuxi

BENEFITS WITH TEKNOTHERM AT THE MARKET

• Knowledge at high level• High quality products• Wide range of system• Marine experience• Reliable partner• World wide service• Contented ship Owners• One more on maker list

SOME REFERENCE PROJECTS

GULLFAKS BExchange and upgrade of existing heat pump system forliving quarter - using environmental friendly refrigerant

No. of units : 2Heating capacity : 2 x 1200 kWInput power : 2 x 250 kWHeat factor : 3,5Outlet heated temp. : 40OCSeawater temperature : 7,5OCRefrigerant - new : R-134aRefrigerant - old : R-22

Hurtigruteskipet M/S Finnmarken Halden Ishall

Kongeskipet Norge

Oasis of the Seas

Globen- Stockholm Thon Hotell -Halden

MERCHANT MARINE AND INDUSTRY

TEM VIDEO

COOL DOWN THEGLOBAL WARMING