Important Announcement

We are pleased to announce that with effect from 1 May 2011 the operations of TPM’s existing FSOs and FPSO Raroa will be transferred out of
Tanker Pacific Management (Singapore) Pte Ltd to Tanker Pacific Offshore Terminals Operations (TPOTO) which
will operate from the offices of Tanker Pacific Offshore Terminals (TPOT).

Tanker Pacific Management (Singapore) Pte Ltd (TPMS) will continue operating the sailing tanker fleet.

The offshore operations personnel will be transferred across to Tanker Pacific Offshore Terminals Operations (TPOTO) to operate the offshore assets and
Tanker Pacific Offshore Terminals (TPOT) will continue with its offshore business development and project execution activities.

This restructuring is being undertaken to ensure that Tanker Pacific leverages its experience and expertise and gains synergies across the organization.

For our clients this means that they are dealing with two separate organizations focused solely on either shipping or offshore giving them the advantage of
Tanker Pacific’s breadth and depth of experience as well as a highly focused and cohesive approach.

Mr Steve Kunzer will continue as the Managing Director of TPMS. Mr Kunzer has been guiding TPMS for the past three years and TPMS will continue to benefit from
his leadership, experience and knowledge of the shipping business.

Mr Rashim Berry has been appointed as the Managing Director of both TPOT and TPOTO. Mr Berry has been with Tanker Pacific for 20 years and his leadership and
knowledge of the offshore business and his project management skill will guide this organisation into the future.

TPMS will continue to be located at:-
Millenia Tower, 1 Temasek Avenue
#38-01, Singapore 039192

Any queries for TPMS should be directed to Mr Steve Kunzer, Managing Director, on +65 6433 5888.

TPOT and TPOTO will be located at:-
1A International Business Park
#07-02, Singapore 609933

Any queries for TPOT or TPOTO should be directed to Mr Rashim Berry, Managing Director, on +65 6631 0900.