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Exmar NV

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Provisional Results 2007

Hightlights: The Executive Committee of Exmar reported today its preliminary results for the fourth quarter and full year 2007.

Atwerp, Belgium, February 03, 2008 --( - Weak operating results for the fourth quarter and for the year 2007 due essentially to decrease in VLGC rates;

- Contribution from LNG and Offshore divisions in line with expectations;

- Financial results significantly affected by non-cash unrealised loss on interest rate derivatives and unrealised exchange differences;

- Positive outlook for the Midsize LPG fleet in 2008, although present weak VLGC rates might negatively influence 2008 results;

- Long-term employment for the 3 LNGRV’s under construction (Exquisite, Expedient & Exemplar) has been agreed on subjects;

- Discussions on long-term employment for the OPTI-EX™ are progressing well.

For full press release please go to Exmar corporate website:

Contact Information
Exmar NV
Ian Matheson
++44 (0)1689 860660

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