X0306 4 2019-08-13 0 0001630805 Babcock & Wilcox Enterprises, Inc. BW 0001455976 KAHN BRIAN RANDALL 4705 S. APOPKA VINELAND ROAD SUITE 206 ORLANDO FL 32819 1 0 1 0 Common Stock 2019-08-13 4 A 0 25606 3.71 A 25606 D Common Stock 15704744 I See footnote On July 24, 2019, the Issuer completed a one-for-ten reverse stock split of the Issuer's common stock. This amount has been adjusted to give effect to this reverse stock split. Represents shares of the Issuer's common stock held directly by Vintage Capital Management, LLC ("Vintage Capital"). Kahn Capital Management, LLC ("Kahn Capital"), is a member and the majority owner of Vintage Capital. Brian Kahn, is the manager of each of Vintage Capital and Kahn Capital. Consequently, Kahn Capital and Mr. Kahn may be deemed to beneficially own the shares of the Issuer's commons stock held directly by Vintage Capital. Mr. Kahn disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. /s/ Brian R. Kahn 2019-08-15