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.