Brunel International N.V.

Earnings Release • May 1, 2014

Appendix to the press release 1 May 2014 Q1 2014

Highlights for the period ended 31 March

Brunel International (unaudited)

P&L amounts in EUR million	Q1 2014	Q1 2013	Change %
Revenue	340.7	296.2	15% *
Gross profit	62.1	52.4	18%
Gross margin	18.2%	17.7%
EBIT	21.1	13.5	57%
EBIT %	6.2%	4.5%
Average directs Average indirects Ratio direct / indirect	12,358 1,584 7.8	10,512 1,469 7.2	18% 8%

* 23% at constant currencies

Brunel Oil & Gas (unaudited)

P&L amounts in EUR million
	Q1 2014	Q1 2013	Change %
Revenue	238.2	200.7	19%
Gross profit	28.0	20.9	34%
Gross margin	11.7%	10.4%
EBIT	12.3	6.9	77%
EBIT %	5.2%	3.5%
Average directs Average indirects Ratio direct / indirect	7,941 757 10.5	6,238 649 9.6	27% 17%

Brunel Energy (unaudited)

	Q1 2014	Q1 2013	Change %
Revenue	193.3	165.0	17%
Gross profit	23.3	18.0	29%
Gross margin	12.0%	10.9%
EBIT	8.7	5.5	58%
EBIT %	4.5%	3.3%
Average directs Average indirects Ratio direct / indirect	7,280 727 10.0	5,815 616 9.4	25% 18%

Brunel Projects (unaudited)

	Q1 2014	Q1 2013	Change %
Revenue	44.9	35.7	26%
Gross Profit	4.7	2.9	64%
Gross margin	10.4%	8.0%
EBIT	3.6	1.5	144%
EBIT %	8.0%	4.1%
Average directs	661	423	56%
Average indirects Ratio direct / Indirect	30 22.0	33 12.8	-9%

Brunel Europe (unaudited)

P&L amounts in EUR million
	Q1 2014	Q1 2013	Change %
Revenue	102.5	95.5	7%
Gross profit	34.1	31.5	8%
Gross margin	33.2%	33.0%
EBIT	10.9	10.3	6%
EBIT %	10.6%	10.8%
Average directs Average indirects Ratio direct / indirect	4,416 812 5.4	4,274 791 5.4	3% 3%

Brunel Germany (unaudited)

	Q1 2014	Q1 2013	Change %
Revenue	51.4	49.4	4%
Gross profit	18.9	17.9	6%
Gross margin	36.7%	36.2%
EBIT	7.0	6.8	3%
EBIT %	13.6%	13.8%
Average directs	2,161	2,145	1%
Average indirects	415	413	0%
Ratio direct / indirect	5.2	5.2

Brunel Netherlands (unaudited)

	Q1 2014	Q1 2013	Change %
Revenue	44.3	38.6	15%
Gross profit	13.6	11.8	15%
Gross margin	30.6%	30.7%
EBIT	4.1	3.5	17%
EBIT %	9.2%	9.0%
Average directs Average indirects Ratio direct / indirect	1,932 333 5.8	1,776 318 5.6	9% 5%