Welcome to Hempel

Welcome to a truly global family with a dedicated focus on quality and a strong, unifying ambition. Thanks to your contribution, we will be stronger, together – and one of the world’s top ten coatings companies by 2015.

Our business Welcome to Hempel, a world-leading coatings supplier for the Decorative, Protective, Marine, Container and Yacht markets.

As a part of the Hempel family, you will be proud of more than quality coatings. Looking around our

world, you’ll find that Hempel is protecting many of the structures you see every day.

Think of the world’s great suspension bridges, skyscrapers, and massive marine vessels… Hempel coatings are helping keep these kinds of big investments safe, functional and beautiful for longer. From R&D and production to professional coating applications, Hempel is helping to protect our customers’ assets, lower their maintenance costs and even reduce their carbon footprints.

We live and work in more than 80 countries around the world, but we are all connected by a single passion: to make the world’s structures brighter, stronger and more sustainable.

Who We are

Our business 1

Our ambition 2

Our strategy 3

Hempel around the world 5

Our faces 7

Decorative 9

Protective 10

Marine 11

Container 12

Yacht 13

Product innovation: R&D 14

Technical Services 15

Health, Safety and the Environment 16

Our history 17

The Hempel Foundation 18

Our Code of Conduct 19

Did you know…? 20

Hempel’s board and management 21

Board of Directors of Hempel A/S 21

Welcome to Hempel

Who We are

Our ambition At Hempel, we are driven by a passion to protect some of the world’s most dynamic structures. And our customers know that our commitment to quality and progress remain the same for every job we do.

our mission:By combining an innovative environment with resourceful and committed employees, Hempel delivers and supports the most efficient coating solutions.

our vision:By 2015, Hempel is amongst the ten largest coatings suppliers in the world.

Welcome to Hempel2

Our strategy Together, we endeavour to be one of the world’s top ten coatings suppliers by 2015. But how will we get there?

Over the years, we’ve worked hard to make Hempel an even stronger company – one better able to serve the needs of our global customers and provide a supportive environment for our employees.

Our efforts laid a solid foundation for growth and, in December 2010, we celebrated the worldwide launch of One Hempel – One Ambition.

One Hempel – One Ambition is our strategy to meet new challenges in a dynamic industry, and a clear plan for growth in three key Hempel markets: quadruple sales in Decorative; double sales in Protective; and become a leading player in Marine Maintenance.

3

Who We are

4

Hempel around the world What began as a small coatings business in Denmark nearly a century ago is now a truly global family. The Hempel Group has a presence in more than 80 countries – with 21 factories, 48 main sales offices, and more than 150 stock points strategically located around the world.

At Hempel, we meet our customers wherever they are, with factories in:

Argentina (2012)BahrainChina (Kunshan)China (Guangzhou)China (Yantai)CroatiaFranceIndia (2011)

IndonesiaKuwaitMalaysiaMaltaPolandPortugalQatarRussia (2012)

Saudi ArabiaSingaporeSpainSyriaUAEUSAVietnam

Our Research and Development team is headquartered in Denmark, with main R&D centres in Spain and China. We also have

six regional R&D centres in Bahrain, France, Germany, Korea, Singapore and the US.

5Welcome to hempel

Who We are

6

DecorativeHempel manufactures a full range of high quality paints tailored for this segment and we are a leading decorative supplier for projects in China.

ProtectiveHempel’s protective coatings cover a wide range of applications in the industrial world and our product innovations have earned us recognition as one of this market’s leading suppliers.

MarineMarine coatings have traditionally been the core business of Hempel. We have one of the most globally extensive supply networks in the industry, and a portfolio of award-winning products.

ContainerOur solid experience and knowledge in this industry ensures the highest degree of quality and protection for container owners and manufacturers.

YachtHempel provides coatings for all types of vessels, with dynamic solutions for boating enthusiasts.

our faces Hempel is a world-leading supplier of coatings for the Decorative, Protective, Marine, Container and Yacht industry segments. But these words mean more than markets to us – they are the faces of our company, and how our customers see us every day.

7Welcome to hempel

Who We are

8

At Hempel, we’ve got more than industrial coatings solutions – we’ve got an eye for beauty as well.

Our growing product range of fine decorative coatings includes high-performance emulsions and enamels, together with

a variety of textured finishes and special effect paints. Our assortment also includes primer/sealers and fillers, providing customers with a complete Hempel decorative system to ensure maximum performance and a beautiful, durable finish.

Long ago, however, we recognised that providing high quality coatings is not enough. To make sure that our customers received the best possible results, we established a network of Technical Service Departments around the world to advise on paint-related issues – including the best system to use and the most appropriate method of application – from private houses and villas to the largest commercial buildings.

Decorative: high performance solutions for interiors and exteriors

9Welcome to hempel

Who We are

Protecting man-made structures from outside forces is our passion – and one of the things we do best.

Hempel’s range of protective coatings has been developed to provide our customers a total system in applications as diverse as petrochemical plants and

offshore wind turbines, to rail cars and massive civil structures. As a result, we have supplied coatings for more than 1500 port cranes, 8000 wind turbines, a number of power plants and many large steel bridges.

Our industry knows no borders and, fortunately for our customers, neither does Hempel quality. Wherever they are in the world, no matter how isolated or complex their project is, our customers can count on Hempel’s dynamic supply and service network. Our multinational coordination ensures the highest quality for every project, every time – protecting our customers’ investments and giving them peace of mind.

Protective: giving our customers peace of mind

Welcome to Hempel10

No other coatings supplier can lay claim to such an extensive and innovative range of products for the Marine industry – that’s just one reason why we have been a Marine market leader for nearly a century.

Our coatings offer protection for all areas on all types of vessels, from enormous crude carriers to river-bound barges. Our vast product assortment includes fouling

control coatings, like our award-winning Hempasil X3 for added fuel savings, and the high quality, all-purpose Hempadur Quattro.

Hempel delivers round-the-clock, around the world, seven days a week.

Marine: complete coatings and services for the marine industry

11

Who We are

A container cannot secure what’s inside without a high quality coating on the outside.

Hempel is a market leader for protective coatings in the Container industry. Ninety-five per cent of the containers in the world are being built in China,

and over a quarter of these are coated with Hempel products. Our pioneering research and development in this industry has also produced the EcoBoxcoat waterborne coating – one of the most high-performing and environmentally responsible container coatings in the world.

Container: advanced solutions for the world’s containers

Welcome to Hempel12

Few things are more pleasurable than a day on the water. But we know that part of enjoying life is feeling secure about your investments.

F or this dynamic segment, Hempel’s Yacht coatings are produced to the highest standards – meeting the demands of the marine environment and complying on important

environmental issues is only the beginning of our commitment to quality. We want to keep our customers’ crafts looking and performing their best under all conditions.

Yacht: a full portfolio of products for boating enthusiasts

13

Who We are

Product innovation: R&D R&D has always played a critical role in our ability to deliver products with superior performance – meeting our customers’ quality expectations and complying with all regulations. Our R&D teams around the world work tirelessly to raise the bar in an industry that is constantly evolving.

Over the years, we’ve gotten quite a bit of recognition for our product innovation, but we never stop looking for new solutions.

Samples from our award-winning portfolio:

hempadur Ultra-Strength 47500An advanced coating capable of withstanding the brutal conditions of the cargo hold, lasting up to five times longer than its competitors.

ecoBoxcoat This line of waterborne container coatings lowers emissions and factory costs, and drastically improves the work environment.

hempasil X3 Our breakthrough Marine fouling release coating guarantees fuel savings and lower CO2 emissions, and it meets increasingly stringent environmental regulations.

Welcome to Hempel14

No matter how innovative our products are, we know that the right coating is only part of the equation.

That’s why Hempel employs a force of more than 400 highly qualified Coating Advisers worldwide – many of whom are

NACE or FROSIO certified – ready to tailor service solutions for our customers, wherever they may be.

With our extensive industry-specific knowledge, we “speak the same language” as our customers, ensuring that all the elements of their coating projects are in place: the surface is prepared correctly, the right quality and quantity of coatings are used, inspections are carried out and all necessary documentation is in place.

Technical Services: our onsite experts

15

Who We are

Health, Safety and the Environment At Hempel, we understand that the bigger you are, the greater your impact on the world around you. That’s why as we grow, we work even harder to ensure a workplace that is not only safe and healthy, but also one that protects and respects the environments in which we operate.

When it comes to Health, Safety and Environment (HSE) initiatives, we have always taken proactive measures to ensure that our products and

processes meet demanding compliance requirements all around the world. But complying with legislation is the bare minimum of our HSE objectives.

From integrating sustainable product safety into R&D, to constructing state-of-the-art, energy-efficient factories in Europe and China, Our One Hempel – One Ambition strategy is about more than business growth. Every new evolution of our strategy is aligned with our HSE commitment, while never forgetting our most valuable resource – our people.

Welcome to hempel

Over the years, we’ve expanded our original product portfolio and services into many other coatings

markets around the world, eventually evolving into the Hempel Group of Companies. To secure a sound future for the Hempel Group and its subsidiaries, J.C. Hempel transferred all his shares to the Hempel Foundation in 1948. Today, the Hempel Foundation remains the sole shareholder of the Hempel Group.

All of the operational companies within the Hempel Group are owned wholly or in part by the Hempel Foundation. Daily management is handled through Hempel A/S, headquartered near Copenhagen, Denmark. Employees are represented on the Foundation board as well as on the board of the holding company. This independence gives the Group full freedom to pursue its commitment towards our employees, customers and product innovation.

Our history In July 1915, 21-year-old Jørgen Christian Hempel became Denmark’s youngest licensed wholesaler when he established J.C. Hempel Marine Paints A/S. With the motto of ‘Quality and Service’, his mission was to create consistent quality coatings for a dynamic and growing industry.

Viggo Kragh-Hansen’s portrait of J.C. Hempel,

currently on display in the foyer of Hempel’s head office, Denmark.

17

Who We are

The Hempel Foundation J.C. Hempel was more than a talented businessman; he was also a visionary thinker and one of the first business owners in Denmark to provide his employees with benefits. He believed strongly that companies had a responsibility to their employees and their communities.

I t is this spirit of caring that is at the core of the Hempel Foundation. Though J.C. Hempel died in 1986, the Hempel Foundation is still guided by his philosophies.

While the main purpose of the Hempel Foundation is to provide a sound economic basis for the Hempel Group, it also supports charitable projects around the world. Many of these initiatives aim to give children the opportunity to build a brighter future for themselves and their society through comprehensive education programmes. The Hempel Foundation supports schools in Cambodia, China, Argentina and Africa, amongst other projects.

Through these and other initiatives, the Hempel Foundation strives to do what it can to carry on J.C. Hempel’s legacy and to help make the world a better place.

Find out more Read more about the Hempel Foundation at www.hempelfoundation.com

Welcome to Hempel18

Our Code of Conduct At Hempel, we know that the success, future growth and reputation of our company depend on high business standards. These are outlined in our Code of Conduct, which is available in eight languages on our website.

I t is the responsibility of every employee and every position to ensure that our team leads by example.

And at Hempel, we have good reason to be proud of our people and how they do business.

Find out more Read more about our Code of Conduct at www.hempel.com

19

Who We are

Did you know…? There’s a lot to know about the Hempel world, but here are a few facts that might surprise you.

Hempel has been protecting offshore wind turbines since the very beginning of the industry when the first wind turbine park was erected offshore near Vindeby, Denmark in 1991.

The new Hempel factory in Poland has the ability to supply up to 60 million litres of paint per year. That’s enough to coat three-quarters of a million 20-foot cargo containers.

Coatings supplied by Hempel UK for the Tower Bridge are guaranteed to last up to 25 years.

If all container manufactures switched to using waterborne coatings like Hempel’s Ecoboxcoat, the annual output of volatile organic compounds VOCs could be reduced by nearly 90 per cent.

If applied to the entire world fleet, the fouling control coating Hempasil X3 could save the world from 90 million tonnes of CO2 a year, equal to the amount of CO2 emitted by Greece.

Welcome to Hempel20

Executive Group Management Team (EGMT)

Pierre-Yves Jullien Group President and CEO

Kim Junge Andersen Group Executive Vice President and CFO

Jacob Gulmann Group Vice President, Europe

Peter Kirkegaard Group Vice President HR,

Communication and Compliance

Group Management Team (GMT)

Lars Johansen Group Vice President, Americas

Mark Rees Group Vice President, Middle East East

Karsten Pedersen Group Vice President, Middle East West

Jesper Bødtkjer Group Vice President, IT

Klaus Møller Group Vice President,

Marketing & Business Development

Plus the members of the EGMT

Functional Management Team (FMT)

Jannik Allentoft Group Marketing Director,

Marine and Protective

Gruska F. Musaeus Group Director,

Compliance Management

Tom Froberg Group General Counsel

Arne Bachmann Olesen Group Procurement Director

Malte V. Eggers Group Communication

Director

Lillian B. Stephensen

Group Director, Tax

Alain Gunther

Group Treasury Director

Josep Palasi Group Director,

Technology & Innovation

Martin Engelmand Olsen Director, Group Reporting

Bente Mølgaard

Group CSR Director

Umesh Chandra Singh Regional Director, South Asia

Michael Steen PetersenGroup Director,

Production & Engineering

Lars Østerby Group Decorative Director

Plus the members of the

EGMT and GMT

Hempel’s board and management

Richard Sand Chairman

Lars Aaen Vice Chairman

Anders Pettersson

Leif Jensen

Peder Holk Nielsen

Ulf Lennart Holm

Louise Krüger Kofoed Employee Representative

Mads Juhl Employee Representative

Henrik Bach Falkenberg Employee Representative

Board of Directors of Hempel A/S

The company has three main management teams: the Executive Group Management Team (EGMT), the Group Management Team (GMT) and the Functional Management Team (FMT).

21

Who We are

heMPeL a/S Lundtoftevej 150 DK - 2800 Kgs. Lyngby Denmark

Tel: +45 4593 3800 Fax: +45 4588 5518 www.hempel.com