EXMAR and BW Gas to terminate Pool co-operation.

EXMAR and BW Gas have jointly agreed to terminate their participation in their respective Pools. EXMAR will withdraw from the BW Gas-operated VLGC pool and BW Gas will withdraw from the EXMAR-operated Midsize Pool.

With effect from 1st September 2008 EXMAR and BW Gas will independently operate and market their own vessels.

Joint operations agreement with Prime Marine.

Prime Marine from Greece and EXMAR have in place an agreement in principle whereby they will jointly operate and market five existing midsize vessels from EXMAR and four midsize newbuildings (35.000m³) ordered by Prime at HHI, that will be delivered within 2009 and early 2010. EXMAR will be the commercial manager for the joint venture.

EXMAR’s fleet list, as of 1st September 2008, is hereby attached.

Antwerpen, 13 August 2008
The Executive Committee

For details please visit www.exmar.be

EXMAR