2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 175 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 4 % control of capital held directly or indirectly % interest in capital held directly or indirectly Country 2017 2016 2017 2016 Bourbon Offshore (formerly Holding) 100.00 100.00 100.00 100.00 France Bourbon Offshore Asia Pte Ltd 90.00 90.00 90.00 90.00 Singapore Bourbon Offshore Craft 100.00 100.00 100.00 100.00 France Bourbon Offshore Craft TT (formerly Cemtaf, formerly Tribor) 100.00 100.00 100.00 100.00 France Bourbon Offshore DNT (formerly DNT Offshore) 100.00 100.00 100.00 100.00 Italy Bourbon Offshore Gaia 100.00 100.00 100.00 100.00 France Bourbon Offshore Greenmar 100.00 100.00 100.00 100.00 Switzerland Bourbon Offshore Gulf 60.00 60.00 60.00 60.00 Bahrain (Manama) Bourbon Offshore India Private Ltd 100.00 100.00 100.00 100.00 India Bourbon Offshore Interoil Shipping-Navegação Lda 55.00 55.00 55.00 55.00 Portugal (Madeira) Bourbon Offshore Marine Services (formerly Bourbon AD3) 100.00 100.00 100.00 100.00 France Bourbon Offshore Maritima (formerly Delba Maritima Navegação) 100.00 100.00 100.00 100.00 Brazil Bourbon Offshore MMI 100.00 100.00 100.00 100.00 United Arab Emirates Bourbon Offshore Norway AS 100.00 100.00 100.00 100.00 Norway Bourbon Offshore Pacific Pty Ltd 100.00 100.00 100.00 100.00 Australia Bourbon Offshore Surf 100.00 100.00 100.00 100.00 France Bourbon Offshore Triangle 51.00 51.00 51.00 51.00 Egypt Bourbon Offshore Trinidad Ltd 100.00 100.00 100.00 100.00 Trinidad Bourbon Offshore Ukraine (formerly Bourbon Marine Services Ukraine) 80.00 80.00 80.00 80.00 Ukraine Bourbon PS 100.00 100.00 100.00 100.00 France Bourbon Salvage investments 100.00 100.00 100.00 100.00 France Bourbon Services Luxembourg SARL 100.00 100.00 100.00 100.00 Luxembourg Bourbon Ships AS 100.00 100.00 100.00 100.00 Norway Bourbon Sourcing and Trading Pte Ltd (formerly Bourbon Training Center Asia Pte Ltd) 100.00 100.00 100.00 100.00 Singapore Bourbon Subsea PS (formerly Bourbon AD1) 100.00 100.00 100.00 100.00 France Bourbon Subsea Services 100.00 100.00 100.00 100.00 France Bourbon Subsea Services Asia Pte Ltd (formerly Bourbon Offshore DNT Asia Pte Ltd) 100.00 100.00 100.00 100.00 Singapore Bourbon Subsea Services Investments 100.00 100.00 100.00 100.00 France Bourbon SUN III (formerly Bourbon AD2) 100.00 100.00 100.00 100.00 France Bourbon Supply Asia Pte Ltd 100.00 100.00 100.00 100.00 Singapore Bourbon Supply Investissements 100.00 100.00 100.00 100.00 France Bourbon Tern Lease SAS 100.00 100.00 0.00 0.00 France Bourbon Training Center & Simulator Pte Ltd 100.00 100.00 100.00 100.00 Singapore Buana Jasa Bahari Pte Ltd 100.00 100.00 100.00 100.00 Singapore BUMI Subsea Asia Pte Ltd 70.00 70.00 70.00 70.00 Singapore BUMI Subsea Labuan Limited 100.00 0.00 100.00 0.00 Malaysia BUMI Subsea Solutions SDN.BHD 49.00 49.00 49.00 49.00 Malaysia Caroline 20 100.00 100.00 100.00 100.00 France Caroline 21 100.00 100.00 100.00 100.00 France Caroline 22 100.00 100.00 100.00 100.00 France Caroline 23 100.00 100.00 100.00 100.00 France Caroline 63 SAS 100.00 100.00 0.00 0.00 France Caroline 8 SAS 100.00 100.00 100.00 100.00 France