Presentation of Tank Terminal Europoort West (TEW) Project in the Port of Rotterdam

SHTANDART TT BV

October 20, 2011 Moscow, Russia

What is TEW?
The Port of Rotterdam launched last year an open tender to build a terminal called Tank terminal Europoort West (TEW) at prime location in the port. Shtandart TT BV submitted proposal and was selected by the Port of Rotterdam to develop the proposed project. Some facts about TEW:
 Opportunity to develop a world scale liquid bulk terminal  Greenfield location strategically located in NorthWestern Europe  Prime location at the entrance of the port  Plot size: approximately 55 hectares  Deepwater access up to VLCC draft  Potential hinterland connections - pipeline connection, inland shipping.

Timeline - after the initial permitting and design process, the construction work for the new terminal will commence during 2013 resulting in an operational startup in 2015.

SHTANDART TT BV

Who is Shtandart TT BV?

SHTANDART TT BV
Company to realize TEW Project, registered in the Netherlands

75 %

25 %

Summa Group
Summa Group is a diversified private holding with significant investments in port logistics, engineering, construction, telecommunications, upstream. Third in Europe port operator

VTTI BV
Leading international Terminal operating company, registered in the Netherlands

50 %

50 %

Vitol
Principal oil trading company with worldwide presence

MISC Berhad
International shipping and terminal operating corporation. PETRONAS is the largest shareholder.

SHTANDART TT BV

Who is Summa Group?

Russias largest (and third in Europe) port operator in terms of cargo turnover International ports and logistics Infrastructure projects in the field of industrial and civil construction Design preparation and organization, construction and construction management Construction of oil and gas facilities

Ports and Logistics

Engineering and Construction

Oil and Gas

One of Russian's largest independent gas production companies and the main gas supplier of the Republic of Sakha (Yakutia) Engineering services related to the construction and operation of electric power facilities

Power Utilities

Metals and Mining

Zinc and lead deposits in Russia

Telecommunications

Integrated provider covering 11 Russian cities and holding licenses to provide telecommunication services in Kazakhstan and Ukraine

SHTANDART TT BV

Who is VTTI?
Background Joint venture storage and terminal business with current storage capacity of nearly 6 million cbm. 50/50 company between Vitol and MISC Berhad, a leading Malaysian-based company. Ambitions to grow to 8 million cbm by 2013. Focus on oil products. Highest standards of HSE management, as well as customer service. Terminals

Growth Strategy & Capability Grow the terminal network at the crossroads of major trading and shipping lanes. Directly manage projects from conception to completion, applying the VTTI standards throughout the design, construction and operations phases regardless of geography or size.

Future Projects Vassiliko, Cyprus ETT 3, Netherlands ETA, Netherlands ATB, Malaysia Mombasa, Kenya 340,000 cbm 465,000 cbm 75,000 cbm 841,000 cbm 111,000 cbm

Total Future Capacity

1,832,000 cbm

SHTANDART TT BV

Primorsk Port is an important link for TEW

Primorsk Port highlights
Primorsk Trade Port (PTP) handles today more then 40% of Russian crude oil export by sea. Primorsk Trade Port has significant growth potential for oil products and bulk cargo (port expansion is not geographically constrained). Experienced management and proven track record of operational excellence. Full compliance with international standards - ISO 9001 (QMS), ISO 14001 (Environment Management System), OHSAS 18001 (production health and security) as well as the member of OCIMF since 2008.

PTP Key clients

Tatnef t 2% KazTransOil 6% Others 7% Rosnef t 35%

Gazprom Nef t 9% Surgutneftegaz 12% TNK-BP 13% Lukoil 16%

Primorsk Berths Nos. 1 and 2

Key RF Crude Oil Outlets, 2009 (MMTA)

Collectively NCSP and PTP transship around 70 % of Russian crude

SHTANDART TT BV

Shtandarts vision at a glance

Strategic export chain for Baltic crude oil and products TEW Key Mile Stones Focus on developing TEW to an Open Urals Crude Oil Hub. Development of TEW as a new market pricing point supported by involvement of sellers and buyers. TEW volume will grow from reliability. Enhancing competitive advantages for Russian and eventually other crude oils as well as oil products. Technical and Environmental Features Around 3 mill. m3 storage capacity and Through operational and logistical efficiencies secure sufficient berth capacity allowing to work advantages for Baltic oil shipments to TEW and from there rewith any modern sizes of vessels. export to the broader markets, benefiting producers, sellers and as well as buyers. Highest HSE and Quality standards. TEWs strategic location and limited weather impacts ensure Minimized environmental footprint. reliable supply source for refineries and other customers. Dedicated marine infrastructure. Prestigious new Crude Oil market pricing point concept Full electronic documentation processes. beneficial for everybody. SHTANDART TT BV 7

Artists impression of the TEW

SHTANDART TT BV

Why Shtandart TT BV?

Develop TEW as an open crude hub for Urals crude oil in Northwest Europe, supported by the following elements:  The terminal will be open to ANY supplier and lifter of Urals crude oil and oil products.  Dedicated, sustainable, low cost and highly efficient link from the Baltic to customers.  Throughput rather than storage based revenue model.  State of the art infrastructure built to the highest environmental standards. With development of forwards and futures market, Urals FOB Rotterdam may become one of the worlds main crude oil price benchmarks. Partnership and long-term relationships with the Port of Rotterdam in working together to develop TEW as a major success story!

Thank you for your attention!

SHTANDART TT BV