Brunel International N.V.

Earnings Release • Apr 30, 2015

Appendix to the press release 30 April 2015 Q1 2015

Highlights for the period ended 31 March

Brunel International (unaudited)

P&L amounts in EUR million
	Q1 2015	Q1 2014	Change %
Revenue	333.7	340.7	-2%*
Gross Profit	59.3	62.1	-4%
Gross margin	17.8%	18.2%
Operating costs	45.0	41.0	10%**
EBIT	14.3	21.1	-32%
EBIT %	4.3%	6.2%
Average directs	11,400	12,358	-8%
Average indirects	1,683	1,584	6%
Ratio direct / Indirect	6.8	7.8

* -11 % at constant currencies

** 5 % at constant currencies

Brunel Oil & Gas (unaudited)

P&L amounts in EUR million
	Q1 2015	Q1 2014	Change %
Revenue	231.6	238.2	-3% *
Gross Profit	26.3	28.0	-6%
Gross margin	11.4%	11.7%
Operating costs	18.4	15.7	17% **
EBIT	7.9	12.3	-35%
EBIT %	3.4%	5.2%
Average directs	6,886	7,941	-13%
Average indirects	788	757	4%
Ratio direct / Indirect	8.7	10.5

* -14% at constant currencies

** 5% at constant currencies

Brunel Energy (unaudited)

P&L amounts in EUR million

	Q1 2015	Q1 2014	Change %
Revenue	198.4	193.3	3%*
Gross Profit	22.9	23.3	-2%
Gross margin	11.6%	12.0%
Operating costs	17.3	14.6	18% **
EBIT	5.6	8.7	-35%
EBIT %	2.8%	4.5%
Average directs	6,383	7,280	-12%
Average indirects	762	727	5%
Ratio direct / Indirect	8.4	10.0

*-11% at constant currencies

** 5% at constant currencies

Brunel Projects (unaudited)

P&L amounts in EUR million
	Q1 2015	Q1 2014	Change %
Revenue	33.2	44.9	-26%*
Gross Profit	3.4	4.7	-27%
Gross margin	10.3%	10.4%
Operating costs	1.1	1.1	3% **
EBIT	2.3	3.6	-36%
EBIT %	6.9%	8.0%
Average directs	503	661	-24%
Average indirects	26	30	-13%
Ratio direct / Indirect	19.3	22.0

* -31% at constant currencies

** -4% at constant currencies

Brunel Europe (unaudited)

P&L amounts in EUR million

	Q1 2015	Q1 2014	Change %
Revenue	102.1	102.5	0%
Gross Profit	33.0	34.1	-3%
Gross margin	32.3%	33.2%
Operating costs	24.4	23.2	5%
EBIT	8.6	10.9	-22%
EBIT %	8.4%	10.6%
Average directs	4,514	4,415	2%
Average indirects	895	827	8%
Ratio direct / Indirect	5.0	5.3

Brunel Germany (unaudited)

P&L amounts in EUR million

	Q1 2015	Q1 2014	Change %
Revenue	48.6	51.4	-5%
Gross Profit	16.9	18.9	-10%
Gross margin	34.8%	36.7%
Operating costs	12.5	11.9	5%
EBIT	4.4	7.0	-37%
EBIT %	9.1%	13.6%
Average directs	2,131	2,161	-1%
Average indirects	452	415	9%
Ratio direct / Indirect	4.7	5.2

Brunel The Netherlands (unaudited)

P&L amounts in EUR million
	Q1 2015	Q1 2014	Change %
Revenue	45.2	44.3	2%
Gross Profit	13.8	13.6	2%
Gross margin	30.5%	30.6%
Operating costs	9.8	9.5	3%
EBIT	4.0	4.1	-1%
EBIT %	8.9%	9.2%
Average directs	2,034	1,932	5%
Average indirects	358	333	8%
Ratio direct / Indirect	5.7	5.8