IN THE MATTER OF THE COMPANIES ACT, 1981

AND IN THE MATTER OF PHILIPPINES

LONG TERM EQUITY FUND LIMITED

– IN LIQUIDATION

IN MEMBERS’ VOLUNTARY LIQUIDATION

TAKE NOTICE THAT the Members of the above-named Company, on 29th December, 2005, passed the following resolutions:-

a) That the Company be wound up voluntarily pursuant to the provisions of the Companies Act 1981; and

b) That Mr. Peter C.B. Mitchell and Mr. Nigel J.S. Chatterjee of PricewaterhouseCoopers be appointed as Joint Liquidators, both jointly and severally, for the purposes of such winding-up, such appointment to be effective forthwith.

Ms. Dawna Ferguson

Secretary

Philippines Long Term Equity Fund Limited

29th December, 2005

IN THE MATTER OF THE COMPANIES ACT, 1981

AND IN THE MATTER OF PHILIPPINES

LONG TERM EQUITY FUND LIMITED

– IN LIQUIDATION

IN MEMBERS’ VOLUNTARY LIQUIDATION

NOTICE OF

APPOINTMENT OF JOINT LIQUIDATORS

I, Nigel Chatterjee, of PricewaterhouseCoopers, Dorchester House, 7 Church Street, Hamilton, in the Islands of Bermuda HEREBY GIVE YOU NOTICE that Mr. Peter Mitchell and I have been appointed as Joint Liquidators of the above Company by a resolution adopted by the Members of the Company dated 29th December, 2005.

Nigel Chatterjee

Joint Liquidator

29th December, 2005

IN THE MATTER OF THE COMPANIES ACT, 1981

AND IN THE MATTER OF PHILIPPINES

LONG TERM EQUITY FUND LIMITED

– IN LIQUIDATION

IN MEMBERS’ VOLUNTARY LIQUIDATION

NOTICE IS HEREBY GIVEN that the creditors of the above named Company, which is being voluntarily wound up, are required on or before 17th February, 2006, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the undersigned, at PricewaterhouseCoopers, P.O. Box HM 1171, Hamilton, HM EX, Bermuda, being the Joint Liquidator of the said Company, and if so required by notice in writing from the said Liquidators are personally, or by their solicitors, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Nigel Chatterjee

Joint Liquidator

29th December, 2005

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: ADVANCED

THERAPEUTIC

SYSTEMS, LIMITED

The Members of the above-named Company, acting by written consent without a meeting on 28 December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

T.W. Tucker Hall

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBERS' VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

ADVANCED

THERAPEUTIC

SYSTEMS, LIMITED

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of ADVANCED THERAPEUTIC SYSTEMS, LIMITED (the “Company”) by a resolution of the Company dated 28 December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: ADVANCED

THERAPEUTIC

SYSTEMS, LIMITED

(In Members’ Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13 January 2006 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30 December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: ADVANCED

THERAPEUTIC

SYSTEMS, LIMITED

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Members of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 2 February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30 December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: AGORA CAPITAL MANAGEMENT LTD.

The Members of the above-named Company, acting by written consent without a meeting on 22nd December, 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Beverly Mathias be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Susan Williams

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBERS' VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

AGORA CAPITAL MANAGEMENT LTD.

TO:

The Registrar of Companies:

I, Beverly Mathias of c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM O9, Bermuda, in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of AGORA CAPITAL MANAGEMENT LTD. (the “Company”) by a resolution of the Company dated 22nd December, 2005.

Beverly Mathias

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: AGORA CAPITAL MANAGEMENT LTD.

(In Members’ Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13th January, 2006 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Beverly Mathias, the undersigned, at c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM O9, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Beverly Mathias

Liquidator

IN THE MATTER OF: The Companies Act 1981

and

IN THE MATTER OF: AGORA CAPITAL MANAGEMENT LTD.

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Members of the above named Company will be held at the offices of Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM O9, Bermuda, on 3rd February, 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Beverly Mathias

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: Alexandria Limited

The Sole Member of the above-named Company, acting by written consent without a meeting on 28th December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Peter Borland

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBER’S VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

Alexandria Limited

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of Alexandria Limited (the “Company”) by a resolution of the Company dated 28th December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: Alexandria Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13th January 2006, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: Alexandria Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Sole Member of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 3rd February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF:

CM Congress

Shipping Ltd.

The Sole Member of the above-named Company, acting by written consent without a meeting on 28th December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Catherine Lymbery

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBER’S VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

CM Congress

Shipping Ltd.

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of CM Congress Shipping Ltd. (the “Company”) by a resolution of the Company dated 28th December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF:

CM Congress

Shipping Ltd.

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13th January 2006, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF:

CM Congress

Shipping Ltd.

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Sole Member of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 3rd February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: CM Constellation

Shipping Limited

The Sole Member of the above-named Company, acting by written consent without a meeting on 28th December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Catherine Lymbery

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBER’S VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

CM Constellation

Shipping Limited

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of CM Constellation Shipping Limited (the “Company”) by a resolution of the Company dated 28th December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: CM Constellation

Shipping Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13th January 2006, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: CM Constellation

Shipping Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Sole Member of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 3rd February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: CM V – Max III Limited

The Sole Member of the above-named Company, acting by written consent without a meeting on 28th December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Catherine Lymbery

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBER’S VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

CM V – Max III Limited

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of CM V – Max III Limited (the “Company”) by a resolution of the Company dated 28th December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: CM V – Max III Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13th January 2006, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: CM V – Max III Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Sole Member of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 3rd February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: CRONOS FUNDING (BERMUDA) LIMITED

The Members of the above-named Company, acting by written consent without a meeting on 23 December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Andre J. Dill

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBERS' VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

CRONOS FUNDING (BERMUDA) LIMITED

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of CRONOS FUNDING (BERMUDA) LIMITED (the “Company”) by a resolution of the Company dated 23 December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: CRONOS FUNDING (BERMUDA) LIMITED

(In Members’ Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13 January, 2006 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30 December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: CRONOS FUNDING (BERMUDA) LIMITED

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Members of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 2 February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30 December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: Hampshire Limited

The Sole Member of the above-named Company, acting by written consent without a meeting on 28th December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Peter Borland

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBER’S VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

Hampshire Limited

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of Hampshire Limited (the “Company”) by a resolution of the Company dated 28th December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: Hampshire Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13th January 2006, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: Hampshire Limited

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Sole Member of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 3rd February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: Jebsen Beltships

Pool Ltd.

The Sole Member of the above-named Company, acting by written consent without a meeting on 23rd December 2005 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Catherine Lymbery

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBER’S VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

Jebsen Beltships

Pool Ltd.

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of Jebsen Beltships Pool Ltd. (the “Company”) by a resolution of the Company dated 23rd December 2005.

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

IN THE MATTER OF: Jebsen Beltships

Pool Ltd.

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 13th January 2006, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, HM DX, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 30th December 2005

Robin J Mayor

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: Jebsen Beltships

Pool Ltd.

(In Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Sole Member of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on 3rd February 2006 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated: 30th December 2005

Robin J Mayor

Liquidator