Stabilisation Notice

To the market

8th November 2017

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

TI Fluids

Goldman Sachs International (contact: John Bentick; telephone: 44207-7743408) hereby gives notice that stabilisation was undertaken in relation to the offer of TI Fluids as set out below.

For each of the dates during which stabilisation transactions were carried out, the price range was as follows:

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.