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COMPANY

CITY OF INCORPORATION

COUNTRY OF INCORPORATION

2016

2015

Boskalis Offshore Marine Services N.V.

Antwerp

Belgium

100%

100%

Boskalis Offshore Transport Services N.V.

Antwerp

Belgium

100%

100%

Dredging & Contracting Belgium N.V.

Overijse

Belgium

100%

100%

Unie van Redding- en Sleepdienst België N.V.

Antwerp

Belgium

-

100%

Unie van Redding- en Sleepdienst N.V.

Antwerp

Belgium

100%

100%

Boskalis Offshore GmbH

Hamburg

Germany

100%

100%

Boskalis Offshore International GmbH

Wilhelmshaven

Germany

100%

-

VBMS GmbH

Wilhelmshaven

Germany

100%

-

Boskalis Offshore Limited

Hoddesdon

United Kingdom

100%

-

Boskalis Offshore CI Limited

Hoddesdon

United Kingdom

100%

-

VBMS (UK) Limited

Hoddesdon

United Kingdom

100%

-

VBMS ApS

Copenhagen

Denmark

100%

-

Boskalis Offshore AS

Randaberg

Norway

100%

100%

Boskalis Offshore Subsea Contracting Azerbaijan LLC

Baku

Azerbaijan

100%

100%

Smit Marine South Africa (Pty) Ltd.

Cape Town

South Africa

100%

100%

Boskalis Offshore Subsea Services (Middle East) L.L.C.*

Dubai

United Arab Emirates

49%

49%

Boskalis Offshore Subsea Services (Australia) Pty Ltd

Chatswood

Australia

100%

100%

Smit Holding Singapore Pte. Ltd.

Singapore

Singapore

100%

100%

Smit Shipping Singapore Pte. Ltd.

Singapore

Singapore

100%

100%

Smit Singapore Pte. Ltd.

Singapore

Singapore

100%

100%

Smit Tak Heavy Lift (S) Pte. Ltd.

Singapore

Singapore

100%

100%

TOWAGE & SALVAGE

Rotterdam Tug B.V.

Rotterdam

The Netherlands

100%

100%

SMIT Harbour Towage Rotterdam B.V.

Rotterdam

The Netherlands

-

100%

SMIT Salvage B.V.

Papendrecht

The Netherlands

100%

100%

Smit Towage Brasil B.V.

Papendrecht

The Netherlands

100%

100%

Smit Towage Europe B.V.

Papendrecht

The Netherlands

100%

100%

Smit Towage Holding B.V.

Papendrecht

The Netherlands

100%

100%

Smit Towage Mexico B.V.

Papendrecht

The Netherlands

100%

100%

Smit Towage Terminals B.V.

Papendrecht

The Netherlands

100%

-

SMIT Harbour Towage Belgium NV

Antwerp

Belgium

-

100%

Smit Harbour Towage (UK) Limited

Fareham

United Kingdom

-

100%

HOLDING & ELIMINATIONS

Baggermaatschappij Boskalis B.V.

Papendrecht

The Netherlands

100%

100%

Boskalis Finance B.V.

Papendrecht

The Netherlands

100%

100%

Boskalis Holding B.V.

Papendrecht

The Netherlands

100%

100%

Boskalis Marine Infrastructure Investments B.V.

Papendrecht

The Netherlands

100%

100%

Boskalis Westminster Dredging B.V.

Papendrecht

The Netherlands

100%

100%

Smit Internationale Beheer B.V.

Rotterdam

The Netherlands

100%

100%

Smit Internationale N.V.

Papendrecht

The Netherlands

100%

100%

Smit Internationale Overseas B.V.

Rotterdam

The Netherlands

100%

100%

Smit Nederland B.V.

Rotterdam

The Netherlands

100%

100%

Smit Vessel Management Services B.V.

Rotterdam

The Netherlands

100%

100%

Boskalis Germany Holding GmbH

Hamburg

Germany

100%

100%

UAB "Boskalis Baltic"

Klaipeda

Lithuania

100%

100%

B.K.W. Dredging & Contracting Limited

Nicosia

Cyprus

100%

100%

Boskalis Westminster Dredging Limited

Nicosia

Cyprus

100%

100%

* The Group holds a legal interest of 50% or less in these entities, but has the majority of voting power. As a consequence, the Group consolidates

these subsidiaries in accordance with the principles of financial reporting set out in paragraph 3.

122

ANNUAL REPORT 2016 – BOSKALIS

FINANCIAL STATEMENTS 2016