PRESS RELEASE

11 July 2011

RAPID GROWTH PROMPTS OFFICE MOVE FOR OW BUNKER MIDDLE EAST

Move to larger office in Dubai driven by business growth and strong prospects

OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today announced that OW Bunker Middle East is relocated to a new, larger office in Dubai on the back of rapid growth in its trading business and strong prospects for the year ahead.

Since establishing a new trading office in Dubai, United Arab Emirates, OW Bunker has seen a tremendous growth in its business among customers who want to take
advantage of OW Bunker’s global strength and local business relationships in the

Middle East. With a growing team of eight people, including six traders, and very strong prospects for continued growth, OW Bunker Middle East has now moved to a new office that is twice as big as its previous location.

Jesper Jervild, OW Bunker’s Regional Manager for the Middle East and South Africa, commented on the reasons for the move:

“As the third largest bunker hub in the world, Fujairah is one of the focal areas for growth within the OW Bunker Group. We expect our rapid growth in the region to continue in the year ahead, along with our market share, and are focusing on developing our business with local customers in the Middle East on a worldwide basis.

“Thanks to our global purchasing power, our risk management tools and our strong local business relationships, we can offer competitive prices and solutions that most physical suppliers cannot match. We also take great pride in our fast response to enquiries, as well as the highly professional service that we give our customers, who can benefit from our trading team’s combined experience of sixty years in the bunker industry.”

The new address for OW Bunker Middle East is:

OW Bunker Middle East DMCC

Indigo Tower

Office #709-710 Jumeirah Lake Towers

P.O. Box 486052

Dubai

United Arab Emirates

About OW Bunker:

OW Bunker is one of the world’s largest suppliers of marine fuel oil and related services. The Group’s core activity is the global sale of bunkers both from its own physical inventories, where it operates 32 large and small tankers in its global leet, as well as an intermediary trader. OW Bunker also provides advanced risk management tools and services in an increasingly unpredictable oil market and volatile global economy, and also purchases and sells entire oil cargoes.

The Group is represented in 24 countries world wide, spanning Europe, Middle East, Asia, Africa and the Americas and commands more than 8% of the global bunker market.