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

SHTANDART TT BV October 20, 2011Moscow, Russia

2SHTANDART TT BV

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 North-

Western 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

start-up in 2015.

No

rth

Sea

3SHTANDART TT BV

Who is Shtandart TT BV?

SHTANDART TT BVCompany to realize TEW Project, registered in the Netherlands

Summa GroupSumma Group is a diversified private holding with significant

investments in port logistics, engineering, construction,

telecommunications, upstream. Third in Europe port operator

VTTI BVLeading international Terminal

operating company, registered in the Netherlands

VitolPrincipal oil trading

company with worldwide presence

MISC Berhad

International shipping and

terminal operating

corporation. PETRONAS is

the largest shareholder.

75 % 25 %

50 % 50 %

4SHTANDART TT BV

Who is Summa Group?

Ports and Logistics

Engineering andConstruction

Oil and Gas

Power Utilities

Metals and Mining

Telecommunications

• Russia’s largest (and third in Europe) port operator in terms of cargo turnover

• Infrastructure projects in the field of industrial and civil construction• Design preparation and organization, construction and construction management• Construction of oil and gas facilities

• 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

• Zinc and lead deposits in Russia

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

• International ports and logistics

5SHTANDART TT BV

Who is VTTI?

• 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.

Background

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.

Terminals

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

Total Future Capacity 1,832,000 cbm

Future Projects

6SHTANDART TT BV

Primorsk Port is an important link for TEW

PTP Key clientsPrimorsk Port highlights

Key RF Crude Oil Outlets, 2009 (MMTA)

Rosnef t35%

Lukoil16%

TNK-BP13%

Surgutnef tegaz12%

Gazprom Nef t9%

KazTransOil6%

Tatnef t2%

Others7%

Primorsk Berths Nos. 1 and 2

• 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.

Collectively NCSP and PTP transship around 70 % of Russian crude

7SHTANDART TT BV

Shtandart’s 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.

• Through operational and logistical efficiencies secure advantages for Baltic oil shipments to TEW and from there re-export to the broader markets, benefiting producers, sellers and as well as buyers.

• TEW’s strategic location and limited weather impacts ensure reliable supply source for refineries and other customers.

• Prestigious new Crude Oil market pricing point concept beneficial for everybody.

Technical and Environmental Features

• Around 3 mill. m3 storage capacity and sufficient berth capacity allowing to work with any modern sizes of vessels.

• Highest HSE and Quality standards.

• Minimized environmental footprint.

• Dedicated marine infrastructure.

• Full electronic documentation processes.

8SHTANDART TT BV

Artist’s impression of the TEW

9SHTANDART 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 world’s 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!