1. Page | 1 Oiltanking Grindrod Calulo (OTGC) 12 November | 2013 To: SAPIA Security of Supply Seminar By: William Kieser – Calulo Investments (Pty) Ltd

2. Page | 2 Combining Strengths  Oiltanking Grindrod Calulo (Pty) Ltd (OTGC) is an independent bulk liquid storage provider in South Africa which combines world class expertise in the field of bulk liquids handling of Oiltanking GmbH with the local expertise and the full Black Economic Empowerment credentials of Grindrod South Africa (Pty) Ltd and Calulo Terminals (Pty) Ltd.  The joint venture is a fully empowered entity with a level 2 empowerment classification.  Shareholdings: Oiltanking 46%, Grindrod 30.5%, Calulo 20.5% and Adopt-a-School 3%.  OT, Calulo and Grindrod share the common vision and objectives of jointly; refurbishing existing unused terminals within South Africa; building greenfield facilities; entering into outsourcing arrangements with -but not limited to- oil majors, chemical manufacturers, distributors, traders and/or existing terminal operators; Expanding the partnership with additional potential shareholders.

3. Page | 3  An independent logistic service provider in the business of: –storing and handling bulk liquids –building and operating multi- and single user tank terminals –managing logistic infrastructure  Own and operate 75 independent tank terminals and marine facilities in 23 countries on 4 continents, employing 4,694 employees with over 47 different nationalities.  First class HSSE mentality shared by everyone, everywhere, every time… ALWAYS! Oiltanking

4. Page | 4 Port of Ngqura Terminal Project (Coega Terminal)  Rationale  Scope  Programme  Status

5. Page | 5 Coega Terminal - Rationale  Closure of storage facilities located at Port Elizabeth and relocation to the Port of Ngqura  Establishment of a regional product trading hub and strategic stock storage location  Final provision for a proposed refinery build.

6. Page | 6 Coega Terminal - Scope  Zone 8 of the Coega Industrial Development Zone (Coega IDZ), Port of Ngqura, located approximately 15 km north-east of Port Elizabeth, Nelson Mandela Bay Municipality (NMBM), Eastern Cape Province.  Land size 20Ha - maximum capacity +/- 740 000 m3  Terminal will cater for both clean and dirty products with licensed capacity 322 000 m3 (CPP 164, BioD 60, LPG 50, HFO 48)  Phase 1 - Capacity 250 000 m3, existing Port Elizabeth Users (Chevron, Shell, BP, Engen, Total)  Phase 2 - Capacity 322 000 m3, International traders  Draft (natural) is +/-18 meters  2 berths of 100,000 DWT

7. Page | 7 Coega Terminal - Programme  ROD Q4-2013  FEED Q4-2014  Tendering Q1-2015  ConstructionQ2-2015  Testing & CommissioningQ1-2017  Phase 1 handoverQ2-2017

8. Page | 8 Coega Terminal - Status  BOOT with TNPA close to finalization  EIA complete, ROD December 2013  NERSA Construction and Operating Licenses received  NERSA tariff application submitted, ROD expected in November 2013  Engineering process on hold until receipt of NERSA ROD in respect of indicative tariff application, thereafter OTGC shall proceed by the detailed engineering studies, budget cost estimate (+/-10%), pre-qualification of contractors and tendering services.  Completion Q1-2017

9. Page | 9 Market in general Existing Berth B100 Future Berth A100

10. Page | 10 Thank You

11. Page | 11 Thank You

12. Page | 12 Calulo is a South African investment house with interests in Petroleum and related Logistics, Services and Technologies Calulo Investments (Pty) Ltd

13. Page | 13 Marquard & Bahls Group Quality Management Marquard & Bahls AG Tank Storage Bunker Service Retail ServicesAviation ServiceOil Trading Biogas Solutions Shareholdings Marquard & Bahls is a leading partner for oil trading and independent tank storage. It is a German privately held joint stock company which was founded in 1947