· k%51% 5515- %5=,/%

Sharaf Shipping Company W.L.LKuwait

OVERVIEW OF THE COUNTRY

2

Total Area 17,818 sq km

Population 2,646,314 (July 2012 est.)

Location Middle East, Bordering The Persian Gulf, Between Iraq and Saudi Arabia

Capital Kuwait

Official language Arabic

Currency Kuwaiti Dinar

GDP USD 153.5 billion

GDP Per Capita USD 41,700

Real GDP growth 8.2%

Total Exports USD 104.3 billion

Total Imports USD 21.96 billion

Rate of Inflation 4.7%

GDP Composition By Sector

Agriculture 0.3%

Industry 42.3%

Services 57.4%

Import Duty 5%

Export Duty Nil

Exchange Rate KWD 0.286 = USD 1.00

KUWAIT ECONOMIC INDICATORS

OIL RESERVE CHART

KUWAIT OIL RESERVES

YEARS OF OIL RESERVE REMAINING

3

Oil & Gas Infrastructure – Housing, Tourism, Air & Sea port, Railways & Road

Despite its wealth, state has yet to get going. Signs are now that it is finally preparing to develop its potential with new 5-year, $100bn investment programme.

Major projects include: Subiya Causeway - $3bn Expansion of airport - $2bn New Kuwait University Campus - $3bn Development of Failaka island - $3bn New Bubiyan Port - $3bn• New Al Zour refinery - $12bn

Electricity & WaterKuwait's power sector is set to offer some major contract opportunities in 2013, with $23.4bn-worth of power & water projects at various stages of design & bidding

KUWAIT POTENTIAL

4

Crude production averaged between 2.75 and 2.85 mbpd during 2012 with price of $105-106 pb in FY12/13; oil export revenues stood at KD 7.8 billion in 3Q12;

Kuwait Oil Company (KOC) plans to invest USD 46 billion over the next five years to boost oil production & increase efficiency

Sharaf Shipping Co. W.L.LWell established, dynamic shipping agency house offering personalized services to suit individual needs of the principals in Kuwait

COMPANY PROFILE

5

COMPANY NAME : SHARAF SHIPPING CO.WLL, KUWAIT.REGISTERED IN : KUWAIT.

OFFICE ADDRESS

OFFICE : LAILA TOWER, 10TH FL., SALEM AL-MUBARAK STREET.

SALMIYA P.O.BOX : 4270, KUWAIT.

CONTACT DETAILS

TELEPHONE :+965 2574 9620FAX :+965 2574 9625 EMAIL : sharafsc@sharafkuwait.com

OFFICE DETAILS

7

OUR MISSION

BUILDING THE COMMERCIAL PROFILE OF OUR PRINCIPALS.

PROVIDING COST EFFECTIVE SERVICES.

FULL TRANSPARENCY & FINANCIAL INTEGRATION WITH THE PRINCIPALS.

CONVERTING OPPORTUNITIES INTO BUSINESS FOR THE PRINCIPALS.

7

OUR SERVICES IN KUWAIT• CAPABILITY TO HANDLE ALL TYPES OF BREAK BULK CARGO IN KUWAIT• EXPERIENCED AND SPECIALISED PERSONNEL FOR BREAK BULK HANDLING AND HAS ACCESS TO THE FULL RANGE OF MATERIAL HANDLING EQUIPMENT SUCH AS CRANES, LIGHTERS, HEAVY LIFT TRAILERS FOR SEA AND OVERLAND OPERATIONS

Break Bulk/Bulk VesselsTanker VesselsProject Cargoes

Road Haulage 8

Services Provided:

• Vessel agency services and husbandry services• Crew Change• Cargo Inspection services• Bunker supplies• Provision Supply• CTM delivery• Vessel Inspection and certificate renewals• Providing Market information

DOCUMENTATION• EXPERIENCED DOCUMENTATION STAFF FOR SMOOTH & ERROR FREE DOCUMENTATION• EASY INWARD / OUTWARD CLEARANCE• CUSTOMER SATISFACTION ACHIEVED THROUGH EASE IN DOCUMENTATION• DAILY ACTIVITY REPORT PROVIDED IN OUR FORMAT OR AS REQUIRED

CARGO OPERATION (DISCHARGE / LOAD / TRANSPORT)• QUALIFIED AND EXPERIENCED OPERATIONS STAFF• CONTINUOUS PRESENCE DURING VESSEL OPERATIONS• DAILY VISIT FROM THE OPERATIONS MANAGER• EXCELLENT WORKING RELATIONSHIP WITH ALL PORT AUTHORITIES & VENDORS • CARGO OPERATIONS PLANNED IN ADVANCE TO MINIMIZE COST • ELIMINATE CARGO / VESSEL DAMAGE AND CLAIM• QUICK TURNAROUND OF VESSEL

SHARAF SHIPPING CO. W.L.L ADVANTAGE

9

STRUCTURE OF ACCOUNTING SYSTEM

ESTABLISH NEEDS OF THE CARRIER IN TERMS OF DISBURSEMENT ACCOUNTING STATEMENT OF ACCOUNT REMITTANCE SYSTEM

DOCUMENT THE NEEDS OF THE CARRIER

SET UP INTERNAL PROCEDURE TO FULFILL NEEDS OF THE

CARRIER

ALLOCATE RESOURCE

UPDATE GIVEN REGULARLY FOR CARRIER’S ACCOUNTING

SYSTEM.

ZERO ERROR SERVICE

SMOOTH COORDINATION AMONGST THE VARIOUS PARTIES INVOLVED IN

ORGANIZING A PORT CALL.

WE PUT OUR EXPERIENCE AND TRAINING INTO OFFERING THE BEST TO OUR

VALUED CUSTOMERS.

SERVICE PROVIDED WITH A COMMITMENT TO VALUE, QUALITY AND CUSTOMER

SATISFACTION.

SUSTAINED INVESTMENT IN HUMAN RESOURCES, TRAINING AND INFORMATION

TECHNOLOGY.

THE ABOVE HAS ASSISTED US TO ACHIEVE OUR GOAL OF BEING ONE OF THE

LEADERS IN THIS FIELD.

OUR GOAL IS TO PROVIDE ZERO ERROR SERVICES

KUWAIT MARKET UPDATE

Kuwait Import market increased by 1% in 2013 compared to 2012 and expects to increase by 5 % in 2014.

Kuwait Export market increased by 3.5% in 2012 compared to 2011 however with the ban on HMS scrap exports in 2013 volumes are expected to drop.

Cargoes for housing projects / Oil related expansion projects is likely to pick up in 2015

12

IMPORT CARGOES -SHUWAIK PORT

13

IMPORT CARGOES - SHUAIBA PORT

14

EXPORT CARGOES KUWAIT PORTS

15

PROJECTS HANDLED

16

ABB PROJECT HANDLED

17

ABB PROJECT HANDLED

18

SOME OTHER PROJECT ACCOMPLISHMENTS

19

20

SOME OTHER PROJECT ACCOMPLISHMENTS

OUR STRENGTH & CAPABILITIES

Strong REGIONAL COMPANY with detailed knowledge of culture, tradition and business values. To Focus on reducing costs.

A strong multilingual sales and experienced operations team with focus on customer service.

Utilizing State of The Art Information Technology to provide comprehensive MIS Reports & Connectivity To Principals and Customers.

Excellent Relationships with Port & Customs Authorities, Government Departments as well as Key Suppliers and Vendors.

To Increase market share and revenue.

Value added service with a team of experienced Master Mariners to supervise discharging and logistics of project cargo.

21

Thank You

22