The Jotatemp range. The way ahead for the Jotatemp product range

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1 The way ahead for the Jotatemp product range

2 Continuing the path of success Today we are launching a new Jotun developed product to replace Jotatemp 650 in our assortment

3 Two component titanium catalyzed inorganic ceramic copolymer Conforms to the Inert Multipolymeric Matrix coating definition as per NACE Standard Practice SP0198 Table 2 typical recommendations for use on carbon steel equipment under thermal insulation. It is temperature resistant from -196 C, up to 1000 C, where substrates allow. For long term service between 0 C and 250 C other product solutions are recommended On carbon steel and stainless steel substrates it can be used up to 650 C continuously and 750 C intermittent It can be applied on hot substrates up to 150 C Closest market competitor Interbond 1202 UPC

4 Product positioning HPI Energy Temperature 650 C 540 C 400 C 250 C 0 C -45 C -60 C Offshore HPI Mining Energy Jotatemp 250 Carbon and stainless steel HPI Energy Resist 86 (Not for use under insulation) Only for carbon steel HPI Energy Jotatemp Jotatem 650 p 650 Carbon and stainless steel Jotatemp 650 Inert substrates Jotatemp 1000 Ceramic Carbon and stainless steel Jotatemp 1000 Ceramic Offshore HPI Energy TSA (Not for use under insulation) Only for carbon steel 80% of market -196 C

5 Price Draft coating system positioning Jotatemp 1000 Ceramic 2x Jotatemp 1000 Ceramic (+ Solvalitt**) IOZ + Jotatemp 1000 Ceramic 2x Jotatemp 250 (+ Solvalitt Midtherm*) 2x Epoxy Cryogenic -20 C C 251 C C 421 C C -20 C C * Up to 230 C ** Up to 600 C

6 Jotatemp 1000 Ceramic vs. Jotatemp 650 Improved heat resistance Two component product: Improved ambient cure improved abrasion resistance, more suitable to new construction projects and transportation Improved anticorrosive protection before structure is heated Improved universitality

7 THIRD PARTY TEST RESULTS

8 Third party test results from COT ISO Jotatemp AC testing 1440 hrs salt spray 720 hrs continuous condensation

9 Third party test results from COT ISO Jotatemp 1000 Ceramic - AC testing 1440 hrs salt spray 720 hrs continuous condensation

10 Third party test results from COT ISO Resist 86 + Jotatemp 1000 Ceramic - AC testing 1440 hrs salt spray 720 hrs continuous condensation

11 Third party test results from COT ISO Jotatemp 650 Chemical immersion

12 Third party test results from COT ISO Jotatemp 1000 Ceramic Chemical immersion

13 Third party test results from COT ISO Resist 86 + Jotatemp 1000 Ceramic Chemical immersion

14 TRIAL APPLICATIONS

15 Gimle: Overall results & conclusions from trial application Location : Binder Factory Gimle, Sandefjord Date: Surface: Rusted and fairly dirty pipeline, cleaned briefly w/thinner Application: Brush, roller, airless spray under shut-down Temperature: Steel/ Air 10 C Operation : Pipes operate at cyclic temperatures from ambient and 310 C. Inspection: After 204 days coating looks intact, some rust seen Jotatemp 1000 Ceramic Jotatemp 650

16 Indonesia: trial application at customer Location : PT south Pasific Viscose Date: Corrosivity : C5-I ( ISO 12944) Surface prep: Bristel blast cleaning Substrate coated: Temp: Temperature range of structure/cycle: Carbon steel exhaust pipe C 35 C 400 C Coating: 2 x 100 µm Jotatemp 1000 Ceramic Application: Brush Conclusion : inspection after 58 days - no rust on the surface

17 Indonesia days Report from Indonesia after 185 indicate that there are no coating failures Some yellowing is seen, probably due to rust stain from uncoated areas.

18 Abu Dhabi: Overall results & conclusions from trial application Location : NPC, Abu Dhabi Date: Surface: Carbon steel, Sa 2 1/2 Temperature: Steel C Air C Application: Airless, brush, roller Conclusion: Applied on surfaces at C nice finish, no popping Applied on heated steel good on steel up to 150 C Results after 7 months intact film, some rust seen in areas where water have been accumulated.

19 Unique selling points The only heat resistant product that is temperature resistant up to 1000 C, where substrate allows Has third party approval for C5M in accordance with ISO 12944, cryogenic service and passes both Houston pipe test and square pipe test Two component titanium catalyzed inorganic ceramic copolymer

20 FAQ S

21 FAQ s Q: Does the product fully cure at ambient temperatures, or does it require exposure to heat? A: Yes, the catalyst cures the product at ambient conditions. There are organic components in the product that will disappear when the product is heated above 200 C, meaning that the hardness of the product will increase once it has been exposed to high temperatures. Q: Is the C5M approval with or without zinc underneath? A: Both Q: What lifetime can we expect from Jotatemp 1000 Ceramic at ambient C5M conditions? A: Other coating solutions should be explored if the structure will spend most of its time below 250 C. However, for construction phase, a three year period before heating is considered acceptable.

22 State of the art protection in all stages of your asset s lifecycle

23 State of the art ceramic corrosion protection Operational flexibility Continuous lifecycle protection

24 CUI protection Exposed pipe protection

25 State of the art ceramic corrosion protection CUI Insulated pipes = hidden corrosion

26 State of the art ceramic corrosion protection exposed pipes Fully compatible with Jotun s entire heat resistant product range Weather resistance included

27 Easy maintenance Heat resistance

28 Operational flexibility easy maintenance No need for costly shut downs due to hot substrate application/st 2

29 Operational flexibility easy maintenance Hot application in real life

30 Operational flexibility heat resistance Can handle all processing temperatures up to 1000 C

31 Operational flexibility heat resistance

32 Reduced on-site touch up needed

33 Protection in all phases reduced on-site touch up Minimal damage during construction due to ambient curing technology

34 Protection in all phases abrasion resistance Lower is better 31% improvement 46% improvement

35 State of the art ceramic corrosion protection Operational flexibility Continuous lifecycle protection

36

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