Oss Acquisition f Aqs

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Boots & Coots Acquisition ofOld School Services, LLC

Questions and Answers:General and Employment

August 8, 2012

General

What are the main drivers of the acquisition?The combination of Old School Services, LLC (OSS) and the Boots & Coots product service line will fill agap in Halliburtons offeringsand give all of us the opportunity to take a winning formula and expand itglobally. Boots & Cootsservices will provide the global footprint and depth, while OSSs Thru-Tubing Tools(TTT) business will provide the equipment, skilled personnel and business knowledge to accomplish aunified business objective to be the premier TTT company worldwide. We will do this by providing the

industry with the best tools, combined with highly skilled personnel and the best tools technology in theindustry.

Who will be leading OSS?OSSs current management team will continue to lead this organization, which will report up through KellyHebert to Mike Marshall, Boots & Coots global operations manager for Coiled Tubing.

How will OSS be integrated into Halliburton?OSS will be part of Halliburtons Boots & Coots product service line within the Coiled Tubing group, and willcontinue to operate as normal as we begin the integration process.

Over the next month, the management teams of both companies will develop a detailed integration andmarketing plan. But, for now, business will continue as usual and we will remain focused on the executionof our current strategic plan. Both companies are committed to ensuring that, through this transition period,our customers see the same level of service quality they have always received from us. We count on yourhelp in this respect.

Will this acquisition have any impact on my job?As noted above, the objective of the acquisition is to grow the TTT business globally. It is expected thatmost employees will continue in similar roles, but there may be some adjustments due to the normal courseof integration. There may also be new opportunities for some employees as a result of the acquisition.

Customers are asking me what this deal means for them. What should I say? This is great news for our customers. Halliburton is a global company with more than 70,000 employeesand a reach into approximately 80 countries worldwide. Please assure our customers that this merger willprovide OSS clients with:

o The same great service and skilled employees from OSSo The engineering capabilities and innovation of Boots & Cootso The extensive network of resources that Halliburton offers.


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Will we need to order new business cards, coveralls, signs and equipment decals?Although none of these will need to change immediately, there will be new graphics to identify OSS sitesand equipment as part of Boots & Coots. The new branding guidelines will be communicated to you in thenext month. In addition, there will be interim processes to follow to order items that you need before theintegration is complete.

Will OSS offices move?There are no plans to move any location at the moment. As the business grows, there may be opportunityfor consolidation of some field locations into nearby Halliburton sites. Those plans will be communicated toyou as they are finalized.

Will my email address change?Your OSS email account will continue to be your primary account for now. You will be issued another emailaccount with a boots-coots.com address (Sample: [email protected]). Within the next two months,your OSS email account will be merged with your new account.

How will I get information from Halliburton?

You will continue to receive various updates and announcements regarding the transaction through yourOSS email account and face-to-face communications such as town hall meetings or webcasts.

What kind of orientation will I receive and when?Orientation will be an ongoing process beginning in the next several weeks. You will be invited toworkshops, webcasts and other activities to learn about Halliburtons mission, vision, values, benefits,country-specific policies and practices, and other information. As activities are scheduled, information willbe sent to your supervisor or posted at your facility.

How do OSS employees benefit from being part of Halliburton?Halliburton offers a full suite of products and services for the global upstream oil and gas industry.

This opens up many opportunities for personal and professional development and career advancement.

When will I be notified of any changes in my reporting lines or responsibilities?You will remain in your same job, reporting to your current manager. If there are any organizationalchanges, the Boots & Coots leadership will communicate them to affected employees in advance.

Does Halliburton have corporate credit card and gas card programs? If so, when will the transitionfrom the OSS programs to the Halliburton programs occur?Yes, Halliburton has corporate credit card and gas card programs available for eligible employees.More information regarding these programs and eligibility will be distributed at the appropriate time,but, for now, please continue using the process that OSS has in place.

Who do I contact if I have questions?Kelly Hebert, from Boots & Coots, has been named the primary integration lead. You can also send anemail to the Halliburton Integration team [email protected].

Health and Group BenefitsWhat impact will this transaction have on our payroll and benefits?Current OSS payroll and benefits will remain unchanged in the near term. You will remain covered underthe OSS health and group benefits until you go live and are being paid on Halliburtons payroll system.
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Will my data on my current computer get transferred to my new one?Yes, IT will coordinate with you on the best time to deliver your new computer and facilitate a data transferto the new machine.

What is my network ID and how do I get it?Each Halliburton employee is issued a unique user account that includes a network ID known as U ser IDand a SAP employee number. The network ID allows employees access to various Halliburton Webresources and applications, while the SAP employee ID provides access to time and expense entry.

You will be issued a network ID that will be emailed to your current OSS email address in about threeweeks. If you do not receive the email, or if you have questions about your user ID or employee number,please email theintegration mailbox.

Email

How do I access messages in my new email account?Additional instructions for accessing the network and your email account will be sent with your new accountinformation.

Cell/Smart Phones

Will I receive a new cell phone/Blackberry?If you currently possess an OSS-issued phone, the account will be transitioned to Halliburton. If you areusing a personal phone for business purposes, you will need to obtain a Halliburton-issued phone.Additional details on obtaining a Company-issued phone will be sent separately.

Procurement

How do we procure IT equipment, software and support?Work with your manager to order any additional required equipment or software.

Legal

What is Halliburtons policy on Anti-Corruption and International Compliance?Halliburton is a U.S. company subject to U.S. anti-bribery laws, such as the Foreign Corrupt Practices Act(FCPA). Halliburton's policy is to comply with the FCPA and anti-bribery laws of the countries in which weare based or in which we do business. We do not pay bribes not to obtain new business, to retainexisting business, or to secure any improper advantage. For Halliburton, even an allegation of bribery canbe harmful. Damage to our reputation can diminish our standing in the industry, negatively affect ourshareholders' and customers' perceptions of us, and generally impair our ability to succeed. As anemployee of a subsidiary of Halliburton, you provide important services in support of our business.However, in doing so, your actions reflect on our business reputation. You are expected to conduct all

transactions on behalf of Halliburton in a fair manner. That means acting with honesty and integrity,observing high standards of personal and business ethics, and complying with all applicable laws andregulations.
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Oss Acquisition f Aqs

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