Company Profile For Compagnie Maritime Belge S.A.

Compagnie Maritime Belge SA (Belgische Scheepvaartmaatschappij NV), also known as CMB, is a Belgium-based maritime group. Through its wholly owned subsidiary, Bocimar, the Company is engaged in the sea transportation of dry bulk goods, such as coal, iron ores and grains. Its fleet consists of approximately 23 wholly or partially owned vessels and a number of vessels under construction. Through ASL Aviation, CMB has a presence in both the cargo and passenger markets in Europe, focusing on aviation operations, services and leasing activities. As of December 31, 2008, ASL owns 29 aircrafts. The Company’s other activities include amongst others the following Group companies: Reslea (real estate) and Hessenatie Logistics (logistics sector). Further more, the CMB group also has participating interests in the ship manager Angloeastern Management Group (AEMG). CMB currently partially owns one Panamax tanker and has three Aframax tankers on order.

BRIEF: For the nine months ended 30 September 2009, Compagnie Maritime Belge SA's turnover decreased 18% to EUR311.5M. Net income for the period decreased 66% to EUR76.6M. Turnover reflects decreased demand for the Company's products and services in Bocimar and ASL Aviation business segments. Net income for the period suffered from decreased operating margins. Compagnie Maritime Belge SA is a Belgium-based maritime group.