13D Filing: Viex Capital Advisors, LLC and Babcock & Wilcox Enterprises Inc (BW)

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.

Item 6 is amended
to add the following:

Series One purchased
in the over-the-counter market, American-style call options referencing 300,000 Shares, which have an exercise price of $2.50 per
share and expire on February 16, 2018. Schedule A is incorporated herein by reference.