ACTIVITIES OVERVIEW

ABOUT US

KNUTSEN NYK OFFSHORE TANKERS

28 + 3 NB vessels

Shuttle tankers

Floating storage and offloading vessels

KNUTSEN TECHNOLOGY

Ship conversions + design

KVOC® - reducing VOC emissions

KBAL® - ballast water treatment

PNG® - marine CNG transportation

PCO2® - marine CO2 transportation

PRODUCT TANKERS

4 product/chemical tankers

1 parcel tanker

MANAGEMENT

Full in-house management including operation

Chartering

Commercial management

Technical management

Building supervision, conversion

and project development

LNG

11 + 1 NB LNG

FPSO design/shuttle tankers

Small scale LNG bunker supply

FSU/FSRU design

KNUTSEN SUBSEA SOLUTIONS

Enhanced Oil Recovery (EOR)

Well stimulation and chemicals injection

Extended Well Testing

Plug and abandonment

INTEGRATED

SHIPPING GROUP

11 LNGs

5 Product/Chemical tankers

15+4 shuttle tankers

1+1 FSO

33%

11 shuttle tankers

2 shuttle tanker pools

KBAL®+KVOC®+PNG®+PCO2®

NYSE ticker: KNOP

ABOUT US

KNOT Management

do Brasil Ltda.

KNOT Offshore

Partners LP.

OUR VALUES

• CREDIBILITY

our integrity on all levels through responsible and solution minded employees and operations

• INNOVATION

our innovation and passion for sustainable operations

• CARE

our relation, behaviour and commitment to safety for employees, customers, assets and the

environment

WE ARE COMMITTED TO SAFETY

SAFETY PROGRAM

Personal safety

involvement training

Management

behavior training

Familiarization training

Risk assessment – Toolbox Talk – Time Out

Root cause investigation training

Near miss reporting

Focus on lessons learnt

Environmental

requirements training

STRATEGY

ADVANCED VESSELS

LONG TERM CONTRACTS

FIRST CLASS CHARTERERS

SAFETY COMMITMENT

1 1 1 13 3

5 6 7

12 13 13 14 14 15 16 1719

21

26 26

3133 33

35

40 3941

39

34

41 41 4244

0 0 02

02

2 1

5

3 02 0 1

11

2

2

1

0

4

2

2 2

2

0

7 2

1

3

0 1

3

3

0

5

10

15

20

25

30

35

40

45

50

excisting vessel

NB Delivery

Building Advanced Vessels

FIRST CLASS CHARTERING

Impressive safety records

KPIs 2016 2015 Target or Reference

LTI frequency – zero policy 0,00 0,41 0,94 (comparison

Intertanko data)

Total recorded cases frequency - zero policy 0,69 1,1 2,39 (comparison

Intertanko data)

Number of major Accidents/Incidents – zero

policy

0 0 0

ECO care actions (suggested ECO

improvements)

782 New 2016

Sick leave 0,92% 0,91% <1,0%

Mail to all crew, officers and onshore personnel 6/10-2016:

Congratulations to all our seafarers and shore based personnel that’s working every day to make sure we have a safe

workplace.

Today October 6, 2016 both KNOT and KOAS have not registered any LTI (Loss time Injury’s) the last 12months while

we have

worked more than 7 million hours all over the world.

Well done everyone, and keep up the god safety work.

Kind Regard,

Geir Hagen

HSSE&QA Director

Knutsen OAS Shipping AS

& KNOT Management AS

VESSEL CBM DELIVERED CHARTERERContract

Years

LNG/c Pioneer Knutsen 1 100 2004 Gasnor/Shell 15

LNG/c Bilbao Knutsen 138 000 2004 Shell 20

LNG/c Cadiz Knutsen 138 000 2004 Union Fenosa SA 25

LNG/c Iberica Knutsen 138 000 2006 GasNatural 20

LNG/c Sestao Knutsen 138 000 2007 Shell 25

LNG/c Barcelona Knutsen 173 400 2010 Shell 20

LNG/c Sevilla Knutsen 173 400 2010 Shell 20

LNG/c Valencia Knutsen 173 400 2010 Shell 20

LNG/c Ribera del Duero Knutsen (Ice class 1A) 173 400 2010 Gas Natural 21

LNG/c La Mancha Knutsen 176 300 2016 Gas Natural 20

LNG/c Rioja Knutsen 176 300 2016 Gas Natural 20

LNG/c TBN 180 000 2019 Iberdrola Up to 20

LNG CONTRACTS

WE HAVE A MODERN LNG FLEET WITH LONG-TERM CONTRACTS:

OPERATIONS

EXCELLENT EXPERIENCE

• 29 years in offshore loading and DP

operations – more than 5000 cargos

• 6 STL ships (2 operating for 12 years)

• 26 BLS ships (bow loading system)

• 24 years in offshore tandem loading

• FSO loading from two independent

production platforms simultaneously

• 15 years of FSO operations

• Operating in icy and harsh weather conditions

• Largest operator of handy size shuttle tankers

• Support vessels for extended well testing

PIONEERED BY KNUTSEN

• First STL on shuttle tankers

• First shuttle tanker with diesel electric

propulsion for Norwegian shelf

• First operator of VOC recovery unit on

shuttle tanker

• Chemical injection into platform prod. risers

• 12 years LNG/c operations

• 100+ successful LNG ship to ship transfers

• World smallest operating LNG tanker

FOLLOWED THE

TECHNOLOGY DEVELOPMENT

1st generation LNG carrier

138,000cbm: Steam Turbine

• 180 mt HFO eq./day

• 1,304 kg/cbm

• “Traditional” LNG carrier at the

time

• BOR 0,14

• Delivered from 2004-2007

2nd generation LNG carrier

173,400cbm: diesel electric

• 136 mt HFO eq./day

• 0,784 kg/cbm

• Latest engine technology at

the time

• Twin skeg – 2 propellers

increased efficiency

• 4 DFDE engines each vessel

• Full flexibility and redundance

• BOR 0,14

• Delivered 2010

New generation LNG carrier

176,300cbm: ME-GI

• 100 mt HFO eq./day

• 0,567 kg/cbm

• Latest engine technology

• Optimised hull design

• Lower boil off rate

• Tank pressure built up

• BOR 0,09

• Re-liquefaction plant

• Full flexibility of fuel

• Delivery in 2016

40% fuel reduction 28% fuel reduction

KNOT IS THE WORLD’S2nd largest DP shuttle tanker owner/operator

• 28 VESSELS INCLUDING:26 shuttle tankers1 North Sea operating FSO1 FSO conversion project

• 3 OFFSHORE SHUTTLE TANKERS UNDER CONSTRUCTION:

2 x 158,000 dwt plus 1 optional vessel toShell on long term charters

• 1 x 152,000 dwt to Petrogal

OPERATIONS

KNUTSEN IS THE WORLD’Slargest DP shuttle tanker owner/operator

• 28 VESSELS INCLUDING:

26 shuttle tankers

1 North Sea operating FSO

1 FSO conversion project3 OFFSHORE SHUTTLE

TANKERS

UNDER CONSTRUCTION:

1 x 152,000 dwt to GALP

2 x 158,000 dwt for 5, 7 or 10 years TC

plus optional years up to 20 years including2 optional vessels to BG

CHARTERING

Vessel Built DWT Owned Contract Charterer

22 H2818 Jun-17 158 000 100 % TC Shell21 H2817 Feb-17 158 000 100 % TC Shell20 N686 Jan-17 152 000 100 % TC PETROGAL19 H2816 Oct-16 158 000 100 % TC Shell18 Raquel Knutsen Mar-15 152 000 100 % TC RSB17 Gijon Knutsen Jun-06 35 000 100 % CoA -16 Heather Knutsen Mar-05 148 000 100 % TC TEEKAY15 Jasmine Knutsen May-05 147 000 BB/Opt TC TEEKAY14 Siri Knutsen Jul-04 35 000 100 % CoA -13 Grena Knutsen Dec-03 149 000 100 % TC STATOIL12 Anneleen Knutsen Aug-02 35 000 100 % CoA -11 Hanne Knutsen (FSO) Sep-00 123 000 100 % TC TOTAL TOTAL (Martin Linge FSO)

10 Jorunn Knutsen (FSO) Apr-00 125 000 BB/Opt TC STATOIL9 Betty Knutsen Jul-99 35 300 100 % CoA -8 Sallie Knutsen Apr-99 154 000 100 % TC PETROGAL7 Karen Knutsen Mar-99 154 000 100 % CoA -6 Dan Eagle Mar-99 45 000 100 % TC PETROBRAS5 Loch Rannoch Aug-98 128 000 100 % CoA -4 Elisabeth Knutsen Sep-97 124 000 100 % CoA -3 Gerd Knutsen Sep-96 146 000 100 % SPOT -2 Catherine Knutse Mar-92 141 000 100 % TC PDVSA1 Tove Knutsen Dec-89 112 000 100 % SPOT -

KNOT Shuttle Tankers AS Fleet1 Windsor Knutsen May-07 159 333 100 % TC Shell RSB BG

2 Bodil Knutsen Feb-11 160 000 100 % TC STATOIL3 Fortaleza Knutsen Mar-11 105 000 100 % BBC TRANSPETRO4 Recife Knutsen Aug-11 105 000 100 % BBC TRANSPETRO5 Carmen Knutsen Jan-13 157 000 100 % TC RSB6 Hilda Knutsen Aug-13 123 000 100 % TC ENI7 Torill Knutsen Nov-13 123 000 100 % TC ENI8 Dan Cisne Sep-11 59 000 100 % BBC TRANSPETRO9 Dan Sabia Jan-12 59 000 100 % BBC TRANSPETRO10 Ingrid Knutsen Dec-13 112 000 100 % TC EXXON

Fixed Contract Large CoA Pool

Optional Period Small CoA Pool

N/A Yard

2018 2019 20202015 2016 2017 2021 2022 2023 2024 2025

MLP STRUCTUREListed 10. April 2013

IPO April 2013, owing 4 vessels

Today a fleet of eleven state of the art

shuttle tankers

All vessels secured under long term fixed-fee

revenue contracts with leading oil majors

Visible growth potential with four dropdown

candidates from Knutsen NYK Offshore

Tanker

Annual distribution currently $2.08, yielding

9.3 with share price $22.35

TECHNICAL INNOVATION

& FOCUS AREAS

• Well stimulation and chemical pumping vessels, EOR

(Enhanced Oil Recovery)

• Vessels for Extended Well Testing operation (ongoing

deep water EWT program)

• Vessels for Plug & Abandonment

KNUTSEN SUBSEA

SOLUTIONS

Why KBAL?

• Complete flow range

• No filter

• No chemicals

• Simplicity, robust system

• Easy to retrofit

• Small OPEX

• No safety issues

• Extensively tested

PRODUCT FEATURES:

KBAL Deliveries

New buildings:• Hilda Knutsen, 142 200 M3, KBAL 3000, Charterer: ENI, Owner KNOT, Delivery: July 2013.

• Torill Knutsen, 142 200 M3, KBAL 3000, Charterer: ENI, Owner KNOT, Delivery: Aug 2013.

• Ingrid Knutsen, 125 000 M3, KBAL 3000, Charterer: Exxon, Owner KNOT, Delivery: Oct 2013.

• Raquel Knutsen, 157 900 M3, KBAL 3000, Charterer: Repsol, Owner KNOT, Delivery: March 2015.

• La Mancha Knutsen and HHI 2734, 2 x LNGCs 176 300 M3, KBAL 3000, Charterer: Gas Natural, Owner: KOAS/ NYK, Delivery: 2016

• N686, 157 900 M3, KBAL 3000, charterer: Galp, Owner KNOT, Delivery: 2017.

• HHI 2816/17/18, each 175 700 M3, KBAL 2x2000, Charterer: BG (Shell), Owner: KNOT, Delivery 2016/17

• Edda Freya, OSV, KBAL 150, Owner Østensjø Rederi, Delivery: 2016

Retrofit• KBAL 600, M/T Gijon Knutsen, DNV Class, 2012

Typical tanker installation M/T Ingrid Knutsen