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AND ACCOUNTS BUILDING MOMENTUM FROM …

2017 ANNUAL REPORT. AND ACCOUNTS BUILDING . MOMENTUM FROM. NEW TECHNOLOGY. HUNTING IS A SUPPLIER TO THE UPSTREAM CONTENTS. OIL AND GAS INDUSTRY. STRATEGIC REPORT. 1 Summary of the year OUR STRATEGY IS TO MANUFACTURE 2 Hunting at a glance PRODUCTS AND DELIVER SERVICES TO OUR 4 Chairman's statement 6 Chief Executive's statement CUSTOMERS WHEREVER IN THE WORLD 8 Market review THEY ARE OPERATING. 10 Key performance indicators 12 Group review HUNTING'S PRODUCT OFFERING EXTENDS 16 Outlook 20 Segmental review ACROSS THE LIFE CYCLE OF AN OIL AND 30 Our business strategy GAS WELL, AND THIS FOCUS ALLOWS US 32 Our business model TO CREATE, DISTRIBUTE AND SUSTAIN 47 Risk management VALUE FOR OUR SHAREHOLDERS. CORPORATE GOVERNANCE. 56 Board of Directors HUNTING IS QUOTED ON THE LONDON 58 Corporate governance report STOCK EXCHANGE AND IS A CONSTITUENT 63 Directors' report 64 Nomination committee report OF THE FTSE 250 INDEX.

average global offshore rig count 201 2016: 220 underlying diluted earnings (loss) per share 7.6 cents 2016: (45.3) cents average wti crude oil price

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