SUBSEAFLEX HOLDING ApS

The Company carries on business within development, construction, sale and operation of plants relating to heat treatment, including, especially, distillation and high temperature incineration. Furthermore, the Company holds 99.99% stake in National Oilwell Varco Denmark I/S. National Oilwell Varco Denmark I/S engineers, manufactures and delivers flexible pipe systems for the purpose of recovering hydrocarbon oil and gas from offshore fields as well as solutions for the purpose of transporting chemicals and water to in-shore installations based on the use of flexible pipe products. The Company is ultimately owned by NOV Inc.