Strategic Rationale for Tidewater's Acquisition of SPO Fleet

SPO Fleet Overview Europe - 1 OSV 1 Americas 1 OSV West Africa - 25 OSVs 2 4 1 Note: Reflects only PSVS and AHTSS; total SPO fleet of 51 acquired, including one seismic survey vessel. 8 5 6 Middle East/Asia Pac - 23 OSVS 3 4 3 3 6 4 T Total Fleet - 50 Vessels 21 AHTS PSV Legend Locations ■>900m2 ■700-900m2 ■ <700m2 ■4-8K BHP 5 ■8 - 12K BHP ■12 16K BHP >16K tdw.com 29

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