Presentation of Tank Terminal Europoort West (TEW) Project in the Port of Rotterdam

1. Presentation of Tank Terminal Europoort West (TEW) Project in the Port of Rotterdam October 20, 2011 Moscow, Russia SHTANDART TT BV

2. What is TEW? The Port of Rotterdam launched last year an open tender to build a terminal called Tank terminal Europoort West (TEW)at prime location in the port. Shtandart TT BV submitted proposal and was selected by the Port of Rotterdam to develop the proposed project. Some facts about TEW: Opportunity to develop a world scale liquid bulk terminal Greenfield location strategically located in North-Western Europe Prime location at the entrance of the port Plot size: approximately 55 hectares Deepwater access up to VLCC draft Potential hinterland connections - pipeline connection, inland shipping. Timeline - after the initial permitting and design process, the construction work for the new terminal will commence during 2013 resulting in an operational start-up in 2015. North Sea

3. Who is Shtandart TT BV? 75 % 25 % 50 % 50 %

4. Who is Summa Group? • Russia’s largest (and third in Europe) port • operator in terms of cargo turnover Ports and Logistics • International ports and logistics • Infrastructure projects in the field of industrial • and civil construction • Design preparation and organization, • construction and construction management • Construction of oil and gas facilities Engineering and Construction • One of Russian's largest independent gas production companies and the main gas supplier of the Republic of Sakha (Yakutia) Oil and Gas • Engineering services related to the construction and operation of electric power facilities Power Utilities • Zinc and lead deposits in Russia Metals and Mining • Integrated provider covering 11 Russian cities and holding licenses to provide telecommunication services in Kazakhstan and Ukraine Telecommunications

5. Who is VTTI? Background Terminals • Joint venture storage and terminal business with current storage capacity of nearly 6 million cbm. • 50/50 company between Vitol and MISC Berhad, a leading Malaysian-based company. • Ambitions to grow to 8 million cbm by 2013. • Focus on oil products. • Highest standards of HSE management, as well as customer service. Growth Strategy & Capability Future Projects • Grow the terminal network at the crossroads of major trading and shipping lanes. • Directly manage projects from conception to completion, applying the VTTI standards throughout the design, construction and operations phases – regardless of geography or size. • Vassiliko, Cyprus 340,000 cbm • ETT 3, Netherlands 465,000 cbm • ETA, Netherlands 75,000 cbm • ATB, Malaysia 841,000 cbm • Mombasa, Kenya 111,000 cbm Total Future Capacity 1,832,000 cbm

6. Primorsk Port is an important link for TEW Primorsk Port highlights PTP Key clients • Primorsk Trade Port (PTP) handles today more then 40% of Russian crude oil export by sea. • Primorsk Trade Port has significant growth potential for oil products and bulk cargo (port expansion is not geographically constrained). • Experienced management and proven track record of operational excellence. • Full compliance with international standards - ISO 9001 (QMS), ISO 14001 (Environment Management System), OHSAS 18001 (production health and security) as well as the member of OCIMF since 2008. Primorsk Berths Nos. 1 and 2 Key RF Crude Oil Outlets, 2009 (MMTA) Collectively NCSP and PTP transship around 70 % of Russian crude

7. Shtandart’s vision at a glance Strategic export chain for Baltic crude oil and products TEW Key Mile Stones • Focus on developing TEW to an “Open” Urals Crude Oil Hub. • Development of TEW as a new market pricing point supported by involvement of sellers and buyers. • TEW volume will grow from reliability. • Enhancing competitive advantages for Russian and eventually other crude oils as well as oil products. Technical and Environmental Features • Through operational and logistical efficiencies secure advantages for Baltic oil shipments to TEW and from there re-export to the broader markets, benefiting producers, sellers and as well as buyers. • TEW’s strategic location and limited weather impacts ensure reliable supply source for refineries and other customers. • Prestigious new Crude Oil market pricing point concept beneficial for everybody. • Around 3 mill. m3 storage capacity and sufficient berth capacity allowing to work with any modern sizes of vessels. • Highest HSE and Quality standards. • Minimized environmental footprint. • Dedicated marine infrastructure. • Full electronic documentation processes.

8. Artist’s impression of the TEW

9. Why Shtandart TT BV? • Develop TEW as an “open” crude hub for Urals crude oil in Northwest Europe, supported by the following elements: • The terminal will be open to ANY supplier and lifter of Urals crude oil and oil products. • Dedicated, sustainable, low cost and highly efficient link from the Baltic to customers. • Throughput rather than storage based revenue model. • State of the art infrastructure built to the highest environmental standards. • With development of forwards and futures market, Urals FOB Rotterdam may become one of the world’s main crude oil price benchmarks. • Partnership and long-term relationships with the Port of Rotterdam in working together to develop TEW as a major success story! Thank you for your attention!