Clarification of ZEAMARINE’s Business Status

Dear customers and business partners,

following-up on the recent media coverage about the ZEAMARINE organization, we would like to provide clarity on our current position.

Contrary to the sentiment of the articles written, we can provide assurance that our company is performing and our shareholders are committed to their support for the continuation of our business.

ZEAMARINE remains an active organization performing all of its contractual commitments with our usual market-leading customer service.

There will be a continued period of re-establishment and strategic alignment within the senior management team, to which we have already welcomed Mr. Sven Lundehn as our Managing Director. The great experience of Mr. Lundehn along with the support of our shareholders will solidify our establishment for future development.

We would like to thank our clients, vendors and business partners for their continuous support and wish you and your families and friends a happy holiday season.