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Grandweld signs contracts with Jana Marine for five GrandExtreme Crewboats The large order demonstrates Grandweld’s position of leadership as a major crewboat builder, with Jana Marine a long term client of Grandweld. Dubai, United Arab Emirates – 17th October 2022: Grandweld, a leading shipbuilder with 38 years track record of successfully delivering more than 150 vessels, has signed a landmark contract with Jana Marine Services Co LLC to build five 42m GrandExtreme crew boats. Delivery of the first vessel will be in 9 months. This order brings the total number of vessels built by Grandweld for Jana Marine to twelve vessels, with Grandweld previously having built seven vessels for Jana Marine, including four crewboats, one work vessel and two harbour tugs. Grandweld is part of Stanford Marine Group which is wholly owned by Thalassa Investments. Thalassa Investments is 46.7% owned by Goldilocks Investment Company Limited, an ADGM company owned by Eshraq Investments, a public company listed on Abu Dhabi Securities Exchange. New design – GrandExtreme This order is for Grandweld’s new ‘GrandExtreme’ design, a 42m crewboat series developed by Grandweld’s in-house engineering department.  GrandExtreme design builds on its sister series, the GrandSuperior, by offering a wider, more spacious accommodation area, with an interior layout that can be customized to meet different charter requirements.  The first vessel will be uniquely designed with a higher offshore personnel capacity of 135, will meet the International Maritime Dangerous Goods (IMDG) code for carrying dangerous goods and will have higher fuel capacity of 120cu.m. The other four vessels have a GrandMajlis lounge, office, large workshop, storeroom and offshore personnel seating. The vessels are in full compliance with the end customer’s latest requirements in Saudi Arabia. Jamal Abki, General Manager of Grandweld Shipyards said “This large order ensures we have a solid shipbuildingorder book till the end of 2023. Customers only return when they see great value in the products, and we are very pleased to have achieved this again with Jana Marine. Grandweld has delivered the majority of crewboats to this region, with the key reason being that we build and design the best crewboats for the market.” Mohammed Al Subaie, Managing Director of Jana Marine said “We have always been highly impressed with Grandweld’s ability to deliver quickly and on-time without compromising quality. Prompt delivery, an excellent design, competitive pricing, and our long relationship built on trust made Grandweld the clear choice. The GrandExtreme design will differentiate Jana’s crewboat fleet in the crewboat market, as it has proven capabilities, reliability, and quality we always see from Grandweld, with the addition of added comfort and space for personnel.” About Grandweld Shipyards Grandweld is a fully integrated shipyard providing shipbuilding, ship repair, and engineering solutions to serve the offshore and marine industry around the world. Established in 1984 and part of the Stanford Marine Group, Grandweld is one of the region’s most established and versatile shipyards, providing both quality and value. Grandweld Shipyards is established to handle shipbuilding, repair, refit and conversion for all types of marine vessels. www.grandweld.com Jana Marine Services Company LLC. (JMS) Jana Marine was established in April 2013 and is an exclusively owned subsidiary of Rashed Al-Rashed & Sons Group. It provides first-class marine offshore Services to the Oil & Gas sector in the Arabian Gulf region and beyond. Jana Marine specializes in delivering Client-specific solutions and services related to Offshore Construction & Maintenance Projects. www.jana-ms.com Back Quick links Services Careers Download Annual report Download

Grandweld delivers four 27.5m, 50t BP tractor tugs to Specialities Construction (SCC) Grandweld recently delivered four 27.5m, 50t BP tractor tugs for Specialities Construction (SCC). Three of the four are shown here on sea trial. The tugboats will operate in Shuwaikh Port in Kuwait as escort tugs equipped with Z-drive propulsion and added capabilities such as firefighting, crane & oil recovery. Learn more about shipbuilding in Dubai with Grandweld by exploring our website: www.grandweld.com Watch the seatrial video below! https://www.youtube.com/watch?v=iJelNee7uyA Back Quick links Services Careers Download Annual report Download

October 2022 marks the Silver Jubilee of Stanford Marine.  Stanford Marine was established 25 years ago and grew from a 1 vessel company to almost 40 vessels in operation as of today. Our success over the last 25 years came with great efforts, hard work and focus on customer service driven by a sustainable approach. We look forward to making this company stronger by finding solutions to the challenges we will face and to continuing our commitment to our clients. We might not know where the next 25 years will take us but we promise to keep our work focused on providing the most reliable services to our customers. We would like to take this opportunity to thank all our employees, customers and stakeholders for their continued support. Back Quick links Services Careers Download Annual report Download

The launch of ‘Stanford Pelican’, Stanford Marine’s crew boat under construction at Grandweld Shipyards, took place at Dubai Maritime City on Aug 16th 2022 in the presence of officials from both companies. The vessel is scheduled to be delivered by mid-Sept 2022. Stanford Pelican is a GrandSuperior series design crew boat, a new design of 42 m crew boats developed by Grandweld with a clear deck area of 100 m2, seating capacity of 80 seats and can achieve a speed of 24 to 26 kts. With a low draft of 1.82 m, high speed and good seating capacity, Stanford Pelican is an ideal vessel foroffshore support operations in the shallow waters of the Middle East. Stanford Pelican is one of the two crew boats being built at Grandweld Shipyards, Stanford Harrier the second crew boat is scheduled to be launched by Mid-October. Back Quick links Services Careers Download Annual report Download

Grandweld Signs New Contract with Wesal Shipping LLC Grandweld has signed the contract to build a 1 x 42m GrandSuperior aluminum crewboat for Wesal Shipping LLC. The ceremony was attended by Capt. Yazdan Panah, Managing Director of Wesal Shipping, and Jamal Abki, General Manager of Grandweld. This is yet another order for this highly proven crew boat that has an extraordinary reputation for exceeding customer expectations. The vessel design is renowned for high speed, high capacity, flexible functionality, and very high reliability. Captain Panah said “This is the 6th GrandSuperior crewboat we have ordered from Grandweld since 2010. We have always been incredibly happy with the high quality and excellent charter demand for Grandweld’s vessels, as they are very versatile crew boats with extremely high reliability. We know that this vessel will achieve these high standards and will have an excellent return on investment.” Jamal Abki said “We are very pleased to sign this contract with Wesal Shipping for a repeat order of our highly successful GrandSuperior crew boat. Our relationship with Captain Panah and his team is long and deep, with Grandweld a partner that delivers shipyard services for the complete life-cycle of Wesal’s crew boats from design, to building and repair services. This type of relationship can only be sustained by a high-level commitment to quality, performance, and customer service.” Grandweld has delivered well over 100 crew boats in the company’s history making it a worldwide leader in aluminium crewboat building. The planned delivery of the new Wesal GrandSuperior 42m crew boat is in 8 months. Back Quick links Services Careers Download Annual report Download

Grandweld Secures 2×34m Aluminium Crewboat Contract We are pleased to announce that Grandweld has been awarded the contract to build 2 x 34m aluminium crew boats for International Naval Works (INW) with delivery in 8 months for both vessels. The signing ceremony was attended by Capt. Mohamed Omar Ezz El Din, Vice Chairman of INW, and Jamal Abki, General Manager of Grandweld. Jamal Abki said “We are proud to continue our strong, long-term relationship with INW. We have a long history of delivering crew boats to INW and also routinely do ship repair services for them. It is our commitment to quality, performance and customer service that makes us a leading shipyard that customers return to.” Back Quick links Services Careers Download Annual report Download