29. January 2009

After a construction period of only 1 year, Vopak E.O.S. has commissioned 200 000 cubic meters (cbm) of new storage capacity and a new firefighting station at its Termoil terminal facility in Tallinn.

The commissioning of the last tank has taken place during the past week and brings the total storage capacity of the Vopak E.O.S. terminal facilities to 951.000 cbm. "We are very pleased with the tremendous work delivered by all the contractors and our terminal management and staff in delivering these new tanks within such a short time frame" said Arnout Lugtmeijer, chairman of the board of Vopak E.O.S.."There is a strong demand for storage of oil products and we were able to satisfy our customers’ requirements with ideal timing. Through this expansion we can provide our customers with the most optimal and efficient service solutions for terminaling their oil products".

The new capacity has been built to create more flexibility for Vopak E.O.S.' customers in loading vessels. The additional capacity also allows its customers to deliver specific grades into the terminal facilities by ship, which can than be reloaded onto larger tankers on later occasions. ‘We have been able to diversify the services in Muuga Port as we are also receiving cargo by vessel nowadays’ explains Lugtmeijer. ‘Accumulation of product at our terminals takes place mainly through railway deliveries from refineries, but we see a growing contribution in ship deliveries from adjacent ports with fewer marketing opportunities’

Vopak E.O.S. handled 15.7 million metric tons of oil products in 2008, an increase of approximately 2.0 million metric tons compared to last year.

Company profile:

Vopak E.O.S. Ltd. is the largest independent tank terminal operator in the Baltic states providing its customers with a very wide range of services in the area of handling, terminaling, throughput and storage of oil products.

Vopak E.O.S. Ltd. operates three modern terminals with a total storage capacity of 951.000 cbm. The terminals are situated in a geographically favorable location, easily accessible, in the ice-free Port of Muuga within the Port of Tallinn on the southern shore of the Gulf of Finland. The proximity of Russia and the infrastructure of the Port of Muuga enables Vopak E.O.S. to offer excellent opportunities for sea transportation of liquid fuels from Eastern Europe to Western Europe, America and Southeast Asia. The terminals have a direct connection to the Estonian Railways and Russian Railways. Additionally, railway operations and logistics are managed by Railway company E.R.S. Ltd., a wholly owned subsidiary of Vopak E.O.S. Ltd..

Vopak E.O.S. is a joint venture established by Koninklijke Vopak from the Netherlands and

N-Trans from Russia.

Contact: AS Vopak E.O.S.

Communications Manager Olga van Kampen

tel: +372 6266 100