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CORPORATE PRESENTATION A WORLD OF LOCAL EXPERTISE www.isspalumbo.com V. 1.0, August 2015

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CORPORATE PRESENTATION A WORLD OF LOCAL EXPERTISE

www.iss–palumbo.com V. 1.0, August 2015

ISS PALUMBO

1874 1920'S 1970/ 1980'S 1993

1974 1995 2000 2010 2011

Iss traces

its roots back

Iss grows into

a network of regional

offices Iss embarks on an

ambitious acquisition programme

The name off ISS

adapted across

the broadening

network

Palumbo starts

trading Expanded into

Russia

Cumulative Freight handled

exceeds 1m Freight Tons

Further Expansion in Egypt

Palumbo UK

2012 2013 2014

ISS Palumbo UK ISS Palumbo USA

ISS Palumbo SOUTH AFRICA ISS Palumbo TURKEY

ISS Palumbo

UAE

A WORLD OF LOCAL EXPERTISE

2

The company has more

than doubled

its EBITDA

in the last three years alone.

WHO WE ARE

3

We employ over

3.800 people

and we 're still growing.

In the past we have:

managed over 70,209 port calls;

handled over 664,000 TEUs.

GLOBAL AND GROWING

Today, ISS

has some 302 offices

In 66 countries around

the world.

Our revenue in the past year exceeds US $ 2.5 billion

and despite the tough global economic climate

continues to climb.

4

A MESSAGE FROM OUR PRESIDENT

“Inchcape Shipping Services and Palumbo joined forces on October 2012 and now bring a dynamic

and globally compliant offering to the Oil, Gas and Energy industry.

The new partnership combines ISS' worldwide network with Palumbo's core capabilities in providing Project

and General Freight Forwarding.

Toghether ISS Palumbo offers a unique Global combination of Agency and Project Freight Forwarding enabling

us to provide our customers an unrivalled Global product.

This is an exciting new partnership with an industry leader that will not only expand our Project and Freight

Forwarding capatibilies but enable us to deliver a unique, broad and integrated service to the expanding Oil,

Gas and Energy sectors.”

Cav Lav Andrea Palumbo

EXECUTIVE ENDORSEMENT

DOING BUSINESS

THE RIGHT WAY:

Global Health, Safety, Security and Environmental Programme

Quality ISO 9001 – 2008, OHSAS 18001, ISO 14001 : 2004 certifications across the Network

A robust Corporate Social Responsibility

UK Bribery act and USA FCPA Compliant

FIATA and IATA Certifications

FPAL – Supplier management community

supporting the European oil & gas industry

BIFA certifications

5

GLOBAL PROJECT SUPPORT NETWORK

Global Team offering world wide expertise, delivered locally to the same high quality,

wherever we do business

6

ISS PALUMBO <WAY>

Two different and synergic Divisions “naturally” completing our customers' core business

PROJECT DIVISION Sea, Land or Air Carriage

LOGISTICS DIVISION The best logistic services

7

8

PROJECT DIVISION INTEGRATED SERVICES

FULL SCOPE OF SERVICES

AGENCY 3rd PARTY PROCUREMENT

SURVEY PROJECTS FACILITY MANAGEMENT

SOFTWARE

Full Agent

OPA / CPA

Husbandry

Canal Transit

Liner

Hub

Travel

Shore Ex

Inspection / Expediting

Procurement

Pre – Shipment inspection

Packing Specs approval

P&I

Lifeboat

Lloyds

CESI

Freight Management

Track and Trace

Land/ Sea / Air Freight

Chartering

Abnormal Loads

Barging

Warehousing

Distribution

Packing

Security Vessel

Pipe handling

and transportation

Cleaning

Storage

Container repair

Security

Laundry Service

Waste management

Stevedoring

Camp Mng

Your ISS

ShipNet

9

PROJECT DIVISION WITH A STRONG, WORLDWIDE TRACK RECORD

QAFCO V WESTBOUND - QATAR

J.S.C. TOGLIATTIAZOT - RUSSIA

BAYU DARWIN PIPELINE PROJECT - AUSTRALIA

ROSA LIRIO SURF PROJECT- ANGOLA

IDESA - GREECE

PCS NITROGEN –TRINIDAD & TOBAGO

10

PROJECT DIVISION EXPERIENCE

PROJECT ORIGIN DESTINATION Freight Units Heavy lift Max Weight

Tons or notes

Various Equipments Italy Singapore 2.400 7 407

KOCHI Project Worldwide India 10.000 3 80

Drilling Rig Italy KSA 13.000 35 60

Irons Pipes Hartlepool Mexico 44.000 - -

Marine Agency services for S12000 stay in Las Palmas

Spain - - - -

Crawled various equipment Italy Mexico 7.500 6 70

Crawled various equipment UAE Georgia 2.250 14 48

Crawled machinery UAE Azerbaijan 2.300 12 48

Complete Crawled crane UAE Bulgaria 2.500 1 200

Drilling Rig Italy USA 12.000 6 83

Air shipment from Houston to Dammam USA KSA 22.000 2 11.000

Air shipment Italy Singapore 93.000 6 10

Drilling Rig Tunisia KSA 12.500 10 55

Marine Agency services, freight forwarding & logistics services for

Scarabeo 7 Revamping in Cape Town South Africa - - - -

Rabigh II project Worldwide KSA 167.000 423 431

Lube oil on w. Plts from Livorno/Tripoli and Benghazi

Italy Lybia 10.000 - -

Drilling Rig Italy KSA 12.000 - -

SHAH GAS Development Project Worldwide UAE 200.000 - 85

Rig 5917 Colombia KSA 6.057 8 60

Accomodation Modules UAE Kazakhstan 11.150 2 550

YANBU Project Worldwide Yanbu 35.000 50 150

KJO HOUT Upgrading Worldwide KSA 35.000 50 380

Khor Al-Zubair Fertilizer Plant Rehab. Project Worldwide Iraq

6.700 22 214

Drilling Plants Italy Turkey 12.000 40 55

All project cargo traffic Worldwide Egypt 200.000 TBD TBD

Togliatti Azot Plant Italy Russia 1250 2 300

J.S.C. Togliattiazot Italy RUSSIA 1.200 2 300

Crude Distillation Unit Train 4 Worldwide Morocco 35.000 19 240

OLT Pipeline Italy Livorno 60.000 - -

FPSO Aquila2 Worldwide Dubai 110.000 35 120

OLT-FRSU Livorno Worldwide Dubai 140.000 42 180

Elfsis Refinery Upgrading Project, Erup Europe/Korea Greece 82.000 216 400

11

PROJECT DIVISION EXPERIENCE

PROJECT ORIGIN DESTINATION Freight Units Heavy lift Max Weight

Tons or notes

Libyan Universities Europe Lybia 100.000 - -

QAFCO V Westbound Far East Qatar 150.000 453 365

SCARABEO 8 Usa/Italy/N.Eur Italy 60.000 55 270

TAD 1 Worldwide Cameron 25.000 3 55

FPSO Gimboa Worldwide Dubai 40.000 25 180

Transportation of Drilling Plant 5827 Georgia Kazakhstan 7.810 15 44

Hand Steel Plant Canada UAE 36.000 60 115

Samir Rafinery Upgrading Project Worldwide Morocco 150.000 43 1.100

FPSO Vitoria Worldwide Dubai 40.000 20 160

Dolphin Project - Qatar India Qatar 140.000 - -

Kenmare's Mineral-sands project at Moma (Mozambique)

Australia Mozambique 40.000 40 150

Bayu-Darwin Pipeline Project (Australia) Australia/Malaysia Australia 330.000 - # 40.863 pipes

In Amenas Project Italy Algeria 21.400 3 80

Rio Polimeros Project Italy Brazil 30.000 20 150

Mellitah Project Worldwide Lybia 200.000 135 2 x 435

Aramco OC BV Qatif Gosp-1 Dammam Worldwide KSA 139.000 88 173

Ras Laffan Italy Qatar 180.000 61 325

Tram Sirio Atene Italy Greece 8.956 35 40

Container cranes Italy South Africa 186.000 3 975

Brega Petroleum Marketing Italy Lybia 51.000 - -

Guanta Project Italy Venezuela 30.000 15 200

Blue Stream - Djeno Project - Okpoho Project

Usa/Mexico/Italy/Congo Turkey/Congo/Italy 32.000 2 130

QP Dukhan Field Gas Worldwide Qatar 82.000 14 50

Aramco Khuff Project Worldwide KSA 26.000 19 164

Aramco Haradh Project Worldwide KSA 27.000 16 200

Kuwait project Worldwide Kuwait 70.000 30 120

Qatar project Worldwide Qatar 80.000 30 120

ADCO - OGD 2 Gas Gathering System Worldwide Abu Dhabi - UAE 45.000 1 110

Midor Project - Middle East Oil Refinery Worldwide Egypt 250.000 112 850

Adnoc - ASAB gas plant Worldwide Abu Dhabi - UAE 170.000 180 300

Adnoc - Ruwais expansion Worldwide Abu Dhabi - UAE 180.000 160 390

SECURITY VESSELS

12

ISS Palumbo is specifically skilled in the field of marine security, especially in high risk areas

including the Gulf of Aden, Gulf of Oman and the Red Sea.

We meet our offshore customer's requirements by employing trained staff in our organisation, providing armed

security on board to perform surveys with expert consultants in the sector and supplying marine service vessels.

We have also been supplying long term charter security vessels in Mozambique since 2011.

13

MARINE AGENCY

ISS Palumbo has been providing marine agency solutions for more than 30 years.

Following our partnership with Inchcape Shipping Services (ISS), the world's leading marine, cargo and

supply chain solutions provider in 2012, we are able to supply technical, commercial and administrative

assistance for all types of transit vessels through the use of ISS' extensive network of direct port offices and

well- established network of trusted sub- agents. In doing so, we offer our customers the added value of

interfacing with a sole partner for a variety of operations.

A selection of our wide variety of marine services available include; certificates, crew changes, surveys on

board of vessels, welding, visa arrangements, medical assistance, cash to master (CTM), bunkers, customs

formalities and other ancillary operations such as the loading/ unloading of all types of cargo including break

bulk and petrochemical products.

PIPE HANDLING

ISS Palumbo has extensive experience in the port logistics sector, with particular expertise

in assisting the oil and gas industry.

Our work includes transporting pipes for pipelines on vessels and offshore transhipments in particularly difficult conditions,

delivering insulated pipes to special pipe laying vessels and built a pipeline to shift all the structures for the offshore

installation of the anchoring and gas transmission turret of the FRSU (Floating Storage Regasification Unit).

14

15

LOGISTICS DIVISION SYNERGIES

SUPPLIERS CUSTOMERS

MATERIAL MANAGMT

INBOUND OUTBOUND

FINAL STEPS

16

LOGISTICS DIVISION MISSION

An “ integrated solution” thanks to the achieved synergies, ensures

the efficiency and the effectiveness of processes and thus

ISS Palumbo Customer's competitiveness

..A SOLE INTERFACE

INBOUND SERVICE

MATERIAL MANAGMT

CORE FINAL STEPS

OUTBOUND SERVICE

PLANNING & FLOW CONTROL

IT << CROSS CONTROL>>

LOGISTICS DIVISION OUR EXPERIENCE AT YOUR SERVICE

17

INBOUND SERVICE

MATERIAL MANAGMT

CORE FINAL STEPS

OUTBOUND SERVICE

Technologically advanced rolling stock

Military and Defence

Houseware products

Energy, Oil & Gas

Steel pipe products

SECTOR

18

EXPERIENCE

19

CONTACT US

ISS PALUMBO – ITALY Via Quaglierini, 6

57123 LIVORNO (Italy)

Ph. +39 0586 222222

Fax +39 0586 222160

[email protected]

ISS PALUMBO HOUSTON 3340B Greens Rd. Suite 900

Houston TX 77032

Ph. +1 2813728795

Fax. +1 2813728795

[email protected]

ISS PALUMBO UK Unit 4 St Michaels Workshops

Albion Row

Newcastle Upon Tyne

NE6 1LR

Ph: +44 0191 276 6692

Fax: +44 0191 276 7649

[email protected]

ISS PALUMBO EGYPT Ltd. 22 – 315 St. cross of 270 St.

Maadi, Cairo (Egypt)

Ph. +20 2 27021481

Fax +20 2 27021485

[email protected]

ISS PALUMBO - UAE 5th floor, office court Building,

Oud Mehta Road, PO 33166

Bur Dubai-UAE

Ph. +9714 3038500

Fax. +9714 3038500

[email protected]

ISS PALUMBO SOUTH AFRICA Suite 211, 2nd Floor Office, Sovereign Quay

34 Somerset Road, Green Point

Cape Town, 8005, South Africa

Ph: +27 87 470 0307

Fax: +27 21 418 0095

[email protected]

ISS PALUMBO TURKEY Rihtim Cad. Tophane

Yuva Sok. No. 1 K.4

Karakoy/ Beyoglu -

34425 Istanbul, Turkey

Ph: +90 2122491708

Fax: +90 2122491708

[email protected]

THANK YOU A WORLD OF LOCAL EXPERTISE

www.iss–palumbo.com