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3. BERNEKON Iraq • Iraq Background • Capabilities & Experience in Iraq • Customs Clearance Information & Process • Contact Information Kuwaitand Jordan as Gateways to Iraq Overview

4. Iraq – General Information • Economy dominated by the oil sector • Efforts to rebuilt have started but depend on security, social and regulatory stability • Security situation still concerning • Political situation impacts governmental decision making • Dubai, 23 May 2010 • BERNEKON to enter Iraq • Logistics expert BERNEKON announced today it has commenced operations in Iraq. …

5. Iraqi Oil Fields Iraq may be one of the few places left where vast oil reserves have barely been exploited. Source: EIA The majority of the known oil and gas reserves in Iraq form a belt that runs along the eastern edge of the country. Iraq has 9 fields that are considered “super giants” (over 5 billion bbls) as well as 22 known “giant” fields (over 1 billion bbls). According to independent consultants, the cluster of super-giant fields of southeastern Iraq forms the largest known concentration of such fields in the world and accounts for 70 to 80 percent of the country’s proven oil reserves. An estimated 20 percent of oil reserves are in the north of Iraq, near Kirkuk, Mosul and Khanaqin. Source: EIA

6. Iraq Oil Field Operators Source: BP • Investment of over 100 billion USD expected over the next 10 years • Iraq has raised oil reserve estimations by about 25% to 143 billion barrels • Major oil companies started Field Development projects • Business environment still challenging

7. BERNEKON Iraq • Iraq Background • Capabilities & Experience in Iraq • Customs Clearance Information & Process • Contact Information Kuwaitand Jordan as Gateways to Iraq Overview

8. South Bridge General Trading & Services (BERNEKON Iraq) Legal Entity Name Baghdad, Republic of IRAQ Registered Office 70 % BERNEKON Dubai - 30% SBG Shareholding First staff started in 2008 Date of Startup Esam Asker Country Manager Logistics, Clearance, and Distribution Core Business 3.5 Million Dollars 2012 Financials 18 FTE Employees Umm Qasr, Safwan (4 FTE) Brach Offices Bernekon Entity in Iraq

9. HSE & Compliance Commitment to HSE • HSE Organization with Senior Management Leadership • Corporate Policy and clearly stated goals of excellence • HSE Training of Managers / Supervisors / Staff • Defined requirements – Observed and Verified • Risk Management – Identified and Assessed • Security Management • Working Environment: • Hazardous Material • PPE • Waste Management • Workspace Safety • Planning and Procedures – Emergency Preparedness • Implementation & Performance Monitoring: • Scorecards/Reporting • Auditing Commitment to Compliance • All BERNEKON Iraq offices are FCPA compliant with BERNEKON‘s Corporate Compliance Program which includes the following additions to the Logistics Code of Conduct to compliment the existing policy covering U.S. anti-bribery laws: • ”… as a matter of policy prohibit its officers, directors, employees, and agents from corruptly directly or indirectly offering and/or providing anything of value to a foreign government official, foreign political party or candidate for foreign office to influence an official act or secure an improper advantage in order to obtain or retain business either for itself or on behalf of their customers.” • Goals of the Compliance Guidance Program: • Articulate corporate policy to employees, agents and customers • Provide FCPA compliance training to employees and agents • Establish a reporting system • Establish policy for dealing with violations, if uncovered • FCPA Anti-Bribery Training is completed by all Bernekon associates via www.mylearningworld.net.

10. Organization Structure

11. Organization Structure

12. BERNEKON Iraq • Iraq Background • Capabilities & Experience in Iraq • Customs Clearance Information & Process • Contact Information Kuwaitand Jordan as Gateways to Iraq Overview

13. Capabilities in Southern Iraq • Offices in Basra city and in Umm Qasr port • Bernekon Head of Operations on-site to oversee critical operations and serve as first point of escalation • Both local and expatriate logistics experts • Both open and closed storage space available in the port • In house customs clearance brokers and coordinators in Basra and in Umm Qasr • Trucking network through contracted local service providers • Tailor made security service available such as route surveys, private convoys, personal security • Special relationship with SOC, local customs and port authorities • Fully aware of and compliant with HSE, FCPA BERNEKON business ethics policies

14. Ocean Gateway - Umm Qasr Port • Umm Qasr is the biggest and most reliable of the 3 ports of Basra and Iraq. The other ports are Khour Al Zubair and Maqhal. • Umm Qasr port is close to the Kuwait border and about 100km from the city of Basra. • Umm Qasr Port operates 24/7 and is managed Iraqi Port Authority. • 21 berths with max draught of 10 meters and water density of 1.020. • Port cranes not available. Vessels to be self-sustained with cranes for unloading. • Free storage at the port approx 5 days but depending on the stevedoring company. • Major SSLs calling Umm Qasser port are: • MSC, UASC, CMA, OOCL, APL, YML, Emirates Line, P&O and other feeder companies

15. Land Transportation Domestic FTL services are available throughout Iraq. Lead times from Umm Qasr: 1-2 days to South Region including Basra, Rumaila, Safwan, Ramadi 2-3days to Central Region including Nasriya, Baghdad, Najaf, Karbala 2-3 days to North Region including Kurdistan, Erbil, Kirkuk Offloading and handling equipment such as forklifts and cranes available on lease or hire basis. Cargo Movement in almost all areas is safe and reliable. Inland transport charges have been stable for the last five months. Movement through Zakho (Turkey entry point) is generally smooth and increasing. No transfer to Iraqi trucks required at Turkish border points. Movement through Safwan (Kuwait entry point) is normal. All cargo has to be transferred from Kuwaiti to Iraqi trucks.

16. Land Transportation – Heavy Lift Heavy lift equipment has limited availability in Iraq For heavy lift moves that require multi-axel trailers BERNEKON offers two options: Option 1: To move the shipment to Kuwait port and move it by land from Kuwait crossing Safwan border to final destination in Iraq. Option 2: To send empty multi-axel trucks from Kuwait to Umm Qasr and move the cargo from there to final destination in Iraq and after the move to return the trucks back to Kuwait. For both options a refundable duty deposit in Safwan customs to be paid to enter the trucks on temporary basis in Iraq.

17. Warehousing Services • Basic warehouse space (no A/C) and open yard available in Basra • Bernekon able to provide basic warehouse services including • Inventory management • Material handling equipment • Loading & unloading • Security • Staffing • Packaging & labeling • Warehouse space is customer specific and requires min commitment of 1 year • Temporary storage at Umm Qasr port

18. Mobilization Project • Project Name: Rumailah Oilfield Development Project, Iraq (Shell) – for Schlumberger Middle East SA • For: Southern Oil Company • EPC: Schlumberger Middle East SA • Contractor: Shell Oil Company • Location: Rumailah Oilfield, Basra Iraq • Time Frame: 24 Months • Scope of Work • Preparation of customs documentation for Dubai customs and Umm Qasr Customs. • Loading / Offloading survey organization for vessel operations. • Authorization follow up from Southern Oil Company for Temporary / Permanent import shipments. • Customs clearance management in Umm Qasr and delivery to final consignee location.

19. Experience - Oil & Energy SOC direct BB shipment to Umm Qasr port: Bernekon handled the local freight, clearance and delivery to SOC facility in Basra Customs clearance with customs exemption from Ministry Of Oil in Iraq Loading from port yard to the truck using 2 cranes Oil & Gas customer: Clearance with customs exemption for government sectors and Re-Build Iraq Temporary import for equipment Re-export from Iraq and outbound customs process

20. BERNEKON Iraq • Iraq Background • Capabilities & Experience in Iraq • Customs Clearance Information & Process • Contact Information Kuwaitand Jordan as Gateways to Iraq Overview

21. Customs Clearance

22. Project References

23. Customs Formalities Iraqi Levy Exemption To avoid any delay/detention of the trucks at any of the entry borders of Iraq, whether in the south, north, west or/and east the original document of Iraqi levy exemption approved by the related Iraqi Ministries should be available at Iraqi entry border customs office before the arrival of the trucks to any of the borders. Truckers are not involved in such process and it is the consignee's agents responsibility to follow up with the Ministries and Customs Authorities. Iraqi Import Tax on Contracts Since few months ago the Tax Authorities have their own representatives at the borders to collect the income tax deposit. This Import Tax authorizes the Tax Department to collect an income tax deposit on all contracts. If the cargoes are exempted from taxation they require a separate emption letter from the Tax Authorities confirming that the cargoes are exempted from income tax deposit.

24. BERNEKON Iraq • Iraq Background • Capabilities & Experience in Iraq • Customs Clearance Information & Process • Contact Information Kuwaitand Jordan as Gateways to Iraq Overview

25. Kuwait – Southern Gateway • Customs clearance at Safwan border • Capabilities to move heavy lift shipments to Iraq via Kuwait • Heavy lift equipment available to load shipments from Kuwait port crossing Safwan border to final destination in Iraq using multi-axel trailers or special flatbeds which aren’t currently available in Iraq Title of the presentation, Event location, Date, Arial 10

26. Jordan – South / West Gateway • Customs clearance at Trebil border • Capabilities to move heavy lift shipments to Iraq via Jordan • Heavy lift equipment available to load shipments from Jordan port crossing Trebilborder to final destination in Iraq using multi-axel trailers or special flatbeds which aren’t currently available in Iraq Title of the presentation, Event location, Date, Arial 10

27. Airfreight Capabilities for Iraq from Dubai • Air Freight Options from Dubai to Basra • Passenger Aircrafts (Size Restrictions Applicable) • Emirates Airlines • Etihad Airlines (Via Abu Dhabi) • Qatar Air (Via Doha) • Iraqi Airways • Cargo Aircrafts (High Min Chargeable Approx. 3000-5000 KG) • Coyne Airlines – IL76 – Tuesday Only • Russ Aviation – IL76 – Weekly Twice

28. BERNEKON Iraq • Iraq Background • Capabilities & Experience in Iraq • Customs Clearance Information & Process Kuwaitand Jordan as Gateways to Iraq • Contact Information Overview

29. Contact Information Osman Tari Business Director – Iraq Osman.tari@BERNEKON.com Mobile: +971 50 554 8858 Esam Asker Managing Director – Iraq Esam.asker@BERNEKON.com Mobile: +964 781 124 8000 Key Account S. Korean Customers Dong-jun.kim@BERNEKON.com Mobile: +971 55 271 6068 Key Account Chinese Customers Siyao.li@BERNEKON.com Mobile: +971 55 948 4602