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(2) Financial Highlights For the three months ended December 31, 2020, KNOT Offshore Partners LP ( KNOT Offshore Partners or the Partnership ): Generated total revenues of $69.9 million, operating income of $30.4 million and net income of $24.6 million. Generated Adjusted EBITDA of $52.9 million (1) Generated distributable cash flow of $28.6 million (1) Reported a distribution coverage ratio of 1.58 (2) Other Partnership Highlights and Events Fleet operated with 98.6% utilization for scheduled operations. The Partnership s operations remained materially unaffected by the COVID-19 outbreak to date. On November 20, 2020, the Partnership entered into a new and additional $25 million unsecured revolving credit facility to further increase its available liquidity. The Partnership secured new three-year fixed time charter contracts for the vessels,

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