1. 7 th Annual Marine Money Gulf Ship Finance Conference Jonathan Hill Tufton Oceanic (Middle East) Ltd Wed 9 th March 2011

2. Page 2 Middle East Stock Markets Falling Source: Bloomberg

3. Page 3 Credit Default Swap Premium Increasing Again Source: Bloomberg

4. Page 4 Commodity Prices on the Increase Source: Bloomberg GOLD BRENT CRUDE

5. Page 5 Tufton Oceanic – Contact Details Tufton Oceanic - London 1 Albemarle Street London W1S 4HA, England Phone: +44 20 7518 6700 Fax: +44 20 7518 6701 Erik Lind Email:erik.lind@tuftonoceanic.com Tel:+44 20 7518 6751 Andrew Hampson Email:ah@tuftonoceanic.com Tel: +44 20 7518 6718 Tufton Oceanic (Middle East) - Dubai Level 1, Gate Village 6, DIFC Dubai Phone: +971 4 702 6500 Fax: +971 4 702 6501 Jonathan Hill Email: jonathan.hill@tuftonoceanic.com Tel:+971 4 702 6504 Marcus Machin Email:marcus.machin@tuftonoceanic.com Tel:+971 4 702 6503 Tufton Oceanic - Singapore Mario Lusian Email:mario.lusian@tuftonoceanic.com Tel:+65 6438 6105 Web: www.tuftonoceanic.com