Further to the announcement on 2 January 2008, Litwin SA (“Litwin”) is pleased to confirm that Horizon Tangier Terminal (“HTTSA”) will exercise its option for Litwin to supply an additional storage terminal as part of the new storage facility being built in Tangiers, Morocco. The value of the option is US$30 million and the entire contract has a value of US$128 million, which is to be undertaken on an engineering, procurement and construction (“EPC”) basis. The option covers a supplementary storage capacity of 144,000 m3 increasing the total storage capacity of the terminal to 490,000 m3. The entire scope of the contract will include the supply of 17 tanks, flow lines, unloading/loading facilities, electrification and instrumentation works as well as civil works. The overall project duration is expected to be 22 months. The project is part of the development program of the new port of Tangier, Morocco, strategically located at the entrance of the Mediterranean basin. The terminal will store and distribute bunker fuel and white products such as fuel oil, diesel, mogas (motor gasoline), gas oil and marine diesel.

Max ABITBOL, Chief Executive Officer of Litwin SA said:

“This project is a key element of the visionary program for the development of the new port of Tangier set out by the Moroccan Government, and as such, we are very proud to be selected as a participant. The exercising of the option follows the successful implementation of more than ten projects by Litwin in Morocco since 1969 for the refinery, chemical and energy industries.”

Notes to Editors: 

About Horizon Tangier Terminal SA (HTL)

HTTSA is a special purpose vehicle created to construct and develop a hydrocarbon storage and distribution terminal at the new port of Rangier in Morocco. The shareholders are Horizon Terminal Ltd, subsidiary of ENOC (Dubaï), Akwa Group (Morocco) and Independent Petroleum Gp (Kuwait). The Tangier Mediterranean Special Agency awarded the concession to HTTSA to build and then operate the terminal for 25 years.

About Horizon Terminal Ltd (HTL)

Horizon Terminal Limited (HTL) was incorporated in 2003 as a limited liability company in Bahamas. The current authorized share capital is US$200 million. HTL is wholly owned by ENOC Group, a company owned by The Government of Dubai. With and increase in demand in the bulk liquid terminalling business, Emirates National Oil Co. LL (ENOC) created HTL in order to consolidate its existing terminalling investments, and expand the business globally. HTL was able to expand from its terminal in UAE and Saudi in 2003 to its current locations which include the Far East and Africa. The current locations comprise: IAE, Saudi, Singapore, Korea, Djibouti.

To find out more about HTL please visit: WWW.horizon-terminal.com

About Akwa Group

Akwa Group is the first Moroccan Energy Group, Market leader in the distribution of fuel and gas, it also operates in other areas such as print media or telecommunications. With a portfolio of about forty companies and twenty flagship brands that revolve around four major operational hubs: Fuels & Lubricants, Gas, Fluids, Technology, Media & Telecoms. To find out more about Akwa Group, please visit: www.akwagroup.com.

About Independent Petroleum Group (IPG)

Independent Petroleum Group (IPG) was established in 1976 and became a public limited company in 1995. The firm headquartered in Kuwait initially relied solely on oil trading activities: however, in 1979 it diversified its now worldwide operations into trading and marketing of crude oil, petroleum products, LPG, petrochemicals and fertilizers.

To find out more about IPG, please visit: www.ipg.com.kw.

About Litwin EMEA

Litwin focuses on mid-sized energy and chemical contracts, principally executed on a lump-sum turnkey (LSTK) basis. Litwin also provides technology solutions to the phosphate sector. Litwin is a subsidiary of the Bateman Litwin NV Group.

To find out more, visit Litwin at: www.litwin.fr

About Bateman Litwin N.V.

Bateman Litwin N.V. is a mid-sized Oil, Gas, Power and Renewable Energy EPC (engineering procurement and construction) contractor and a proprietary technology provider in the Renewable Energy and the Phosphate and Solvent Extraction dependent industries. It is developing its reputation by combining its world class EPC skills with its leading technology expertise.

To find out more, visit Bateman Litwin at: www.bateman-litwin.com

Media Contacts

Litwin Communication Director:

Corinne Collain

13/15, Rue Edouard Manet – 92500 RUEIL MALMAISON

Tél : +33 (0) 1 72 25 50 94