Health Safety and Environment Policy Statement of Intent

PETROQUIP Industrial Company Limited is committed to preventing the accidental loss of any of its resources, including employees and physical assets. In fulfilling this commitment to protect both people and property, management will provide and maintain a safe and healthy work environment, in accordance with industry standards.

The company recognizes that the responsibility for health safety and environmental management is a shared task and as such all employees will be equally responsible for minimizing accidents within the various facilities and work sites. As part of our corporate and social responsibility the company will, under this policy, produce a Health, safety and environmental management manual which will be read and adhered to by all members of PETROQUIP Industrial Company Limited.

All persons employed at the company will ensure their own personal safety when conducting their duties. At all times employees will also aid as far as reasonably practical any worker who has succumbed to injury or illness. The company will at all time commit fully to all legal requirements as they relate to environmental, health and safety. Under this policy the company will operate in a manner that promotes the best health, safety and environmental practices to ensure the health and safety of employees, contractors, visitors and members of the public.

All management activities will comply with the company’s environmental, safety and health requirements as they relate to planning, operation and maintenance of facilities and equipment. All employees are expected to report all accidents and incidents and perform their jobs properly and in accordance with established procedures and safe work practices.

PETROQUIP Industrial Company Limited will positively inculcate a culture of quality, health, safety and environmental management into all employees involved in the development and implementation processes of the company.