SECURITY POLICY

It is UTM Dredging Limited policy to take all appropriate measures to prevent and/or deter
unlawful acts against UTM Dredging Limited ships, which threaten the security of personnel or
property onboard and to contribute in the security of the visited ports.

To successfully achieve the security objectives, a Ship Security Plan (SSP) has been
developed for each Company ship based on individual Ship Security Assessments (SSAs).
The Plan defines duties and responsibilities of all security related onboard personnel, security
measures during various shipboard operations and activities depending on security level in
force, emergency response actions and respective drills and exercises as well as procedures
for audits, reviews and certification of the ship.

The Plan is implemented and maintained onboard as defined in relevant procedures within
the Plan. The development, implementation and maintenance of the Plan are in compliance
with the provisions of SOLAS Chapter XI-2 and ISPS Code.

Furthermore, UTM Dredging Limited has established Security department and has assigned
Company Security Officers (CSOs) who have the overall responsibility for the security
onboard Company’s ships as provided for by the ISPS Code and is responsible for the co-
ordination of necessary security related activities.

In case that during any ship operation, a conflict arises between safety and security measures,
safety prevails. The Master must exercise his overriding authority and take all appropriate
measures to ensure that the safety of the crew, the ship, her cargo and the environment are not
compromised and/or endangered.

Improvement of security skills and awareness through appropriate training of all involved
office and shipboard personnel is a permanent Company’s objective. In addition, the
Company provides to the Company Security Officer(s), to the Master/SSO all necessary
support to fulfil their duties and responsibilities.

UTM Dredging Limited personnel both ashore and onboard are expected to comply with the
above stated policy and security declaration.

JULIUS RONE
MD/ CEO DATE