Exmar Final Results 2009

During its meeting of 31st March 2010, the board of directors of EXMAR approved the results for the year ending 31st December 2009. They are in line with the results announced on 28th January 2010. Key-figures are:

Antwerp, Belgium, April 03, 2010 --(PR.com)-- Prospects 2010:

− Spot LPG-market remains unfavorable, but EXMAR’s LPG-fleet keeps enjoying the support of a solid contract portfolio with creditworthy counterparties.

− EXMAR and Excelerate Energy have agreed to restructure their interest in LNGRV EXPEDIENT and LNGRV EXEMPLAR, whereby EXMAR has transferred its stake in both vessels to Excelerate Energy L.P. EXMAR will remain responsible for the operations and maintenance of both vessels. The transfer of shares is part of a broader commercial agreement between EXMAR and Excelerate Energy L.P. pertaining to their LNG-related activities.
The results for book year 2010 will be in line with the results over 2009.

− The discussions are progressing with several counterparties for employment of the OPTI-EX™ in West Africa, Brazil and Gulf of Mexico.
The contribution of the offshore division to the results 2010 will depend mainly on the employment of the OPTIEX ™.

Dividend : The board of directors will propose to the general meeting of shareholders of 18 May 2010 a gross dividend of EUR 0,10 (EUR 0.10 in 2009). If approved, the dividend will be payable from 26th May 2010. (ex-date 21st May – record date 25th May).

For Full Press Release Please Go to EXMAR Corporate WebsiteE: exmar.com

Exmar NV
Ian Matheson
+44 (0)1689 860660