13D Filing: VIEX Capital Advisors and Babcock & Wilcox Enterprises Inc (BW)

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The filing of this
Schedule 13D shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities
Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each Reporting Person disclaims beneficial
ownership of such Shares except to the extent of his or its pecuniary interest therein.

(d) No person other than the Reporting Persons is known to have the right to receive, or the power
to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
(e) As of March 14, 2018, the Reporting Persons ceased to be beneficial owners of more than 5% of
the Shares of the Issuer.
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