Millennium Offshore Services Superholdings, LLCFull Year 2013 Results Conference Call

March 26, 2014

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Disclaimer & Safe Harbor Statement

This presentation may contain forward looking statements within the meaning of the U.S. federal securities laws regarding future

financial performance, results, events and other statements that are not historical facts. The words “believe”, “anticipate”, “plan”,

“expect”, “project”, “estimate”, “predict”, “intend”, “target”, “assume”, “may”, “could”, “will” and similar expressions are intended to

identify such forward looking statements. Such statements are made on the basis of assumptions and expectations that

Millennium Offshore Services Superholdings, LLC (“MOS” or “The Company”) believes to be reasonable as of the date of this

presentation, but may prove to be erroneous. Such forward looking statements involve known and unknown risks and

uncertainties and other factors which may cause the Company’s actual results, business, financial condition, results of operations,

performance or achievements or industry results to be materially different from any future results, performance or achievements

or industry results expressed or implied by such forward looking statements. Such factors include, among others, those more fully

described in ‘‘Risk Factors’’ and elsewhere in the Company’s annual report for the year ended December 31, 2013. You are

therefore cautioned against relying on any of these forward looking statements. Except as required by law or regulation, the

Company assumes no obligation to update such forward looking statements or to update the reasons for which actual results

could differ materially from those anticipated in such forward looking statements.

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A leading jack-up ASV owner / operator focused on the large and growing market for offshore oil and gas installation (i) inspection, maintenance and repair, and (ii) construction, hook-up and commissioning projects in both the MENA and Asia-Pacific regions

Capitalizing on growing trend in the ASV sector of using jack-up ASV solutions versus floating solutions

Large backlog resulting in significant visibility into future revenues

Strong relationships with high-quality customers resulting in significant repeat business and exercise of customer extension options

Resilient EBITDA margins and strong free cash flow generation

Diverse, well-maintained, certified and valuable fleet

Market-leading health and safety track-record

Experienced management team with significant sector expertise

MOS Strategic Highlights

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MOS Frontier Burj Ahmed Trident One Marinia Leen Deema

ASV Conversion Dates 20142 20113 1993 2000¹ 1986 1999 1990Self-Propelled No No No Yes No Yes NoCurrent Location UAE Australia / Timor Egypt UAE Qatar UAE UAEWater Depth (ft) 300 350 300 180 151 131 190Max Passenger Capacity 290 236

(Upgradable to 300) 300 126 240(Upgradable to 280) 150 475

Number of Cranes / Max Crane Lift (MT) 3 / 200 3 / 200 3 / 110 2 / 64 2 / 110 2 / 37 3/ 200

DNV Certified / Last 5-Year Special Survey Date

NA Yes / Jan-2012 Yes / Dec-2010 Yes / Jul-2009 Yes / Mar-2010 Yes / Jun-2013 Yes / Feb-2010

Key Feature • Large 290 person capacity with 2014 design accommodation facilities and man riding crane capability

• Deepest water-depth jack-up ASV globally

• Only one of two ASVs in the MENA region capable of accommodating 300+ POB (the other is Deema)

• Purpose-built accommodation / work-over platform and self-propelled

• One of only 3 jack-up ASVs in the MENA4

region capable of accommodating 240+ POB (others are Ahmed and Deema)

• Self-propelledwith NOC / IOC JV since 2008 with customer extension options until 2016

• Largest passenger capacity ASV in the MENA and Asia-Pacific regions

MOS Active ASV Fleet Overview

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1. Originally built as an ASV.2. Acquired jack-up rig in August 2013 and currently being converted to an ASV. 3. Acquired Burj in 2011 and converted to ASV during the year.4. Excluding ASVs operating in Iran.

• Significant capital invested to upgrade fleet and tailor ASV specifications to better meet customer demands

Recent Developments

As previously announced, Millennium Offshore Services Superholdings, LLC completed the sale of all of the

limited liability company interests in the Company on March 4, 2014 to HM MOS International Limited.

The Principal investors in HM MOS International Limited include, amongst others, a GCC Sovereign Wealth

Fund, MENA Regional Family Offices and also MENA Regional High Net Worth Individuals. MOS senior

management continue in their current roles, and certain existing indirect owners of the Company, including

MOS senior management, are owners in HM MOS International Limited.

The transaction represents a continuation of the Company’s ongoing effort to deliver best-in-class

accommodation and related services to its customers and to create value for the Company’s stakeholders. The

transaction is supportive of the existing strategy and is aimed at providing the Company with additional

flexibility to pursue attractive growth opportunities in the future.

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HM MOS International Limited Acquisition

Recent Developments

In August of 2013 the company signed a contract to purchase a new 300’ Letourneau 116 Cantilever jack-up rig

from an offshore drilling company for $25 million. The new rig was named the MOS Frontier and expanded the

Company’s fleet to 7 ASV’s. MOS funded the acquisition and conversion of the unit with cash on hand, cash flow

from operations and short-term shipyard financing secured solely by the vessel and improvements. The Company

signed a conversion contract with Lamprell shipyard for turn-key work in September 2013.

On January 14, 2014, the Company signed a new contract with ConocoPhillips to enter into a one year fixed term

with six 60-day extension options charter. The expected contract start date is August, 2014, following the

completion of the MOS Frontier shipyard conversion. Following a period of parallel running and transition

between the MOS Frontier and Burj with ConocoPhillips the Company expects to transition the Burj’s current

charter with ConocoPhillips over to the MOS Frontier during the fourth quarter of 2014, with the Frontier’s higher

Person On Board (POB) capacity continuing to serve the project accommodation requirements thereafter.

The Company is currently working on a number of opportunities for the Burj commencing in 2015.

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MOS Frontier & Burj Update

Recent Developments

A NOC / IOC JV simultaneously exercised the two one-year extension options under its current contract for

Leen, extending the fixed term of the contract from July 2014 to July 2016.

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New Business – Leen Multi-Year Contract Extension

Hyundai Heavy Industries exercised two 30-day extension options under its current contract for Deema,

extending the fixed term of the contract from February 2014 to April 2014. Hyundai Heavy Industries was also

granted two further additional 30-day extension options under the contract through to July 2014.

MOS has received a signed Letter of Intent from an EPIC contractor in respect of Deema, for a 76-day fixed

term charter with four 15-day extension options. The anticipated charter has a start date of September 2014

with extension options through to January 2015.

MOS has received an award from an NOC in respect of Deema, for a 70-day fixed term contract. The

anticipated charter has a start date of March 2015 with a fixed term through to May 2015.

New Business – Deema Contract Extension & Wins

Full Year 2013 Results Summary

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2012 2013

Number of active ASVs in the fleet at quarter end (1) 6 6

Fleet utilization 93.7% 91.5%

Revenue $127.1m $137.5m

Gross Profit $72.2m $81.7m

% Gross Profit Margin 56.8% 59.4%

Net Income $51.7m $45.6m

% Net Income Margin 40.7% 33.2%

EBITDA (2) $84.0m $94.6m

% EBITDA Margin 66.1% 68.8%

Source: MOS Superholdings, LLC December 31, 2013 reviewed financial statements,(1) The number of active ASVs in the fleet at the end of Q4 2013, excluded the MOS Frontier which was under conversion and thus not active as of year end.(2) EBITDA is defined as net profit for the applicable period before finance costs, income tax expense, unrealized gain/loss on fair valuation of interest rate swap, equity

settled C-grant expense, depreciation of property and equipment, amortization and other income / expense related to realized and unrealized exchange gain / loss, gain/ loss on sale of assets and deposit income.

Year End 2013 Balance Sheet Summary

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US$ Millions December 31, 2012 December 31, 2013ASSETSNon–current assets (Property & equipment) $222.8 $252.3Current assets

Inventories $3.2 $4.0Trade and other receivables $19.7 $33.5Bank balances and cash $19.5 $32.9

Total current assets $42.4 $70.5Total assets $265.2 $322.8Equity and LiabilitiesEquity

Capital contribution $96.7 $40.9Retained earnings $102.7 $45.6

Total equity $199.4 $86.5Provision for employees’ end of service indemnity $0.4 $0.4Senior secured notes - $214.7Derivative financial instrument $0.3 -

Total non-current liabilities $0.7 $215.1Current liabilities

Other financial liabilities $17.4 -Bank borrowings $26.3 -Due to a related party $7.9 -Trade and other payables $13.5 $21.2

Total current liabilities $65.1 $21.2Total liabilities $65.9 $236.3Total equity and liabilities $265.2 $322.8

Source: MOS Superholdings, LLC 2012 audited financial statements and December 31, 2013 reviewed financial statements

Debt Offering Overview & Liquidity Profile

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Debt US$ MillionSenior Secured Notes Due 2018 225.0

Total Debt 225.0

Liquidity US$ Million

Bank Balances & Cash (12/31/2013) 32.9

Open Revolver Capacity 15.0

Total Liquidity 47.9

• MOS issued $225 million in Senior Secured Notes in February 2013 that effectively termed its capital structure and provides flexibility for future growth.

• On February 25, 2013, MOS entered into a new $15 million super senior revolving credit facility with ABN AMRO Bank N.V.

Source: MOS Superholdings, LLC December 31, 2013 reviewed financial statements

Contract & Backlog Overview

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Contract Coverage by Active ASV

ASV Customer Country 2012A 2013E² 2014E 2015E

Ahmed

Egypt

Burj

Australia / Timor

Deema

Qatar

Frontier

Australia / Timor

Leen

NOC / IOC JV UAE

Marinia

Qatar

Trident One

UAE

Fixed Term Contract Customer Extension OptionNote: Contracts subject to varying early cancellation provisions. Note: ConocoPhillips - Contract included eight two-month customer extension options. Note however we expect two,two-month extensions to be taken, with the higher POB capacity MOS Frontier taking

over from the Burj accommodation provision following a period of overlap. As such we have shown extension options only to November 2014 and also only included two extension options in backlog and contract coverage statistics shown in this report.

Note: Deema - Graphic and backlog does not include the LOI and Fax of Award received for Deema as detailed on Recent Development Slides

July 2016

• Backlog totalled $271.4 million as of December 31, 2013.

• Over $2.6 billion worth of expressions of interest, requests for quotation and invitations to tender received since 1st Jan 2012 across the MENA, Asia-Pacific and European / North Sea regions.

Backlog Outlook ($m) Aug 2016

New to Fleet.

Conversion in progress

$131

$57 $12

$18

$30

2014 2015 2016Customer Extension OptionFixed Term Contract

$155

$75

$42

$24

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Questions & Answers

Appendix I - Use of Non-IFRS Financial Measures

In this presentation the Company presents certain financial measures and ratios, including EBITDA and other operating data, includingbacklog and fleet utilization rate, that are not presented in accordance with IFRS and which are not IFRS measures.

EBITDA is defined as net profit for the applicable period before finance costs, income tax expense, unrealized gain/loss on fair valuation ofinterest rate swap, equity settled C-grant expense, depreciation of property and equipment, and other income / expense related to realizedand unrealized exchange gain / loss, gain / loss on sale of assets and deposit income. For purposes of the Company’s calculation of EBITDA,the Company does not have amortization of intangible assets in the periods being presented. EBITDA margin is defined as EBITDA dividedby revenue. The Company presents EBITDA because it believes that (i) it is a useful indicator of the Company’s ability to incur and servicethe Company’s indebtedness, (ii) it and similar measures are widely used in the Company’s industry as useful indicators or supplementalmeasures of operating performance and (iii) it can assist certain investors, security analysts and other interested parties in evaluating theCompany’s operations and performance.

EBITDA is not recognized terms under IFRS. Accordingly, it should not be used as indicator of, or alternative to, revenue, operating profit oroperating profit margin or other comparable IFRS metrics, as a measure of operating performance, or of cash flow from operating activities asa measure of liquidity. The Company’s presentation of EBITDA has limitations as an analytical tool, and you should not consider it inisolation, or as a substitute for analysis of the Company’s results reported under IFRS. In particular, you should not consider EBITDA as analternative to: (a) operating profit or profit for the period (as determined in accordance with IFRS) as a measure of our operating performance;(b) cash flows from operating, investing and financing activities as a measure of the Company’s ability to meet its cash needs; or (c) any othermeasure of performance under generally accepted accounting principles. The limitations of EBITDA as an analytical tool include: (i) EBITDAand does not reflect the company’s cash expenditures or future requirements for capital expenditures or contractual commitments; (ii)EBITDA does not reflect changes in, or cash requirements for the Company’s working capital needs; (iii) EBITDA does not reflect thesignificant interest expense, or the cash requirements necessary, to service interest or principal payments on the Company’s debts; (iv)although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often need to be replaced inthe future and EBITDA does not reflect any cash requirements that would be required for such replacements; and (v) some of the exceptionalitems that the Company eliminates in calculating EBITDA reflect cash payments that were made, or will be made in the future. Because theCompany’s definition of EBITDA may differ from those used by other companies and industries, the company’s presentation of this metricsmay not be comparable to other similarly titled measures used by other companies.

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Appendix I - Use of Non-IFRS Financial Measures

Backlog and fleet utilization rate are not measurements of financial performance under IFRS and should not be considered as alternatives toother indicators of our operating performance, cash flows or any other measure of performance derived in accordance with IFRS. TheCompany’s management believe that the presentation of backlog and fleet utilization rate is helpful to investors as a measure of thecompany’s historical operating performance and ability to service debt, and also, in the case of backlog, as an indication of the Company’sfuture revenue.

Backlog – The Company considers backlog to be a key performance indicator of its business because it gives an indication of future revenue.The Company’s contracts normally include two types of terms, (i) a fixed term during which the customer commits to use the ASV and (ii)customer extension options that are exercisable at the discretion of the customer. The Company calculates backlog as the sum of thefollowing for each ASV:

(charter day rate x remaining days contracted)

+ ((estimated average PoB x daily messing rate) x remaining days contracted)

+ contracted remaining mobilization and demobilization fees

The Company calculates backlog for both the fixed terms of its current contracts and the customer extension options set out in thosecontracts. The customer extension options do not represent guaranteed commitments from the Company’s customers, but they do representa contractual arrangement with the Company, and the Company believes those arrangements provide a reasonable indication of its futureactivity. The Company’s contracts can be terminated by its customers generally without penalty at notice periods typically ranging from 30 to60 days, although some notice periods have been significantly shorter and one current contract has a notice period of 180 days, which canaffect the usefulness of backlog as an indicator of future revenue.

Fleet Utilization Rate – Fleet utilization rate is defined as the percentage of days of the year that an ASV is under contract and in respect ofwhich a customer is paying a day rate for rental of the ASV. Fleet utilization rate is the average of the utilization rates for each of our ASVs.

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