Dubai, 4 April 2006, Vopak Horizon Fujairah Ltd. is to expand the oil terminal’s capacity by
360,000 cbm of new tankage and two new berths. Following this expansion the oil
terminal will have a total capacity of 1.5 million cbm, six berths, and a single-point mooring system capable of handling vessels up to 175,000 d.w.t.
This expansion in the berths and tankage will enable Vopak Horizon Fujairah to further
improve its hub-function in the Middle East for black and clean mineral-oil products.

Hussain M. Sultan, Group Executive and Board Member of the Enoc Group,
explained: ‘The economy of the United Arab Emirates is growing at a tremendous rate
and many investments are being made in facilities such as refineries. Fujairah’s location,
just outside the Gulf, is ideal. This new expansion of Vopak Horizon Fujairah is the 5th
phase. We have grown ever since we began operations in 1998, and I expect our growth
to continue; in fact, we are already planning the 6thphase of our expansion.’

Rob Nijst, Division President Vopak Oil Europe, Middle East & Africa, stated:’ We are very pleased that we and our valued joint venture partners are able to further expand our services to our clients in the Middle East. Fujairah has grown into one of the world’s main bunker markets. Following this expansion Vopak Horizon Fujairah will be able to offer even more safe and reliable onshore storage facilities to our clients - not only for the fuel oil market, but also for clean products such as gasoline.’

Technical details of the expansion
- 8 new tanks with a total capacity of 360,000 cbm
- capacity of tanks ranging from 30,000 to 60,000 cbm
- 1 new berth for vessels up to 110,000 dwt
- 1 new berth for vessels up to 60,000 dwt
- 2 loading arms, 12’, for white products.
- 2 loading arms, 16’, for black products.
The expansion is planned to become operational in Q3 2007.

More information is available from
Aernout Boot
Managing Director Vopak Horizon Fujairah
Tel. +971 9 228 1800
Aernout.Boot@vopak.com