PROVISIONAL RESULTS 2007

HIGHLIGHTS

The Executive Committee of EXMAR reported today its preliminary results for the fourth quarter and full year 2007.

- Weak operating results for the fourth quarter and for the year 2007 due essentially to decrease in VLGC rates;

- Contribution from LNG and Offshore divisions in line with expectations; Financial results significantly affected by non-cash unrealised loss on interest rate derivatives and unrealised exchange differences;

- Positive outlook for the Midsize LPG fleet in 2008, although present weak VLGC rates might negatively influence 2008 results;

- Long-term employment for the 3 LNGRV’s under construction (EXQUISITE, EXPEDIENT & EXEMPLAR) has been agreed on subjects;

- Discussions on long-term employment for the OPTI-EX™ are progressing well.