Petredec / Triple Point

Petredec selected Triple Point Technology® earlier this year to provide the software solutions to the management of commodity trading, enterprise risk and vessel operations across our global LPG trading and shipping business.

The system is being implemented and will be operating live within the company from 1st September 2011.

"Triple Point alone has the functional breadth and depth to measure, manage, and report on both sides of our business - trading and shipping - across all commodity markets," said Giles Fearn, CEO, Petredec Group.

"With Triple Point's established presence in the Asia-Pacific region and

world-wide infrastructure, Petredec is confident that it has the best partner in place to support its diverse worldwide business requirements."

Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions.

Triple Point's Commodity XL integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, emissions, base and precious metals, agricultural products, chemicals, biofuels and freight.

Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from eleven development and support centres

located around the globe.

"The need for sophisticated enterprise risk management, trading, procurement, and logistical solutions has never been greater in the Asian markets; in the first quarter alone five major companies have adopted Triple Point solutions in the region," said Simon Woods, chief customer officer and managing director, Asia Pacific, Triple Point.

"We're pleased to add a customer of Petredec's stature to our growing client base in the region." Petredec licensed Commodity XL for Oil™, Commodity XL PhysOps 'Visual Cockpit'™, Softmar Chartering and Vessel Ops™, and Commodity XL Management Dashboard™.

Visit www.tpt.com for more information.

Mauritius LPG Terminal

Petredec is pleased to announce that it has reached an agreement on the provision of an EPIC (Engineering, Procurement, Installation and Commissioning) contract with Lloyd Jones Construction for the building of a 15,000 MT LPG import and re-export terminal in Mauritius.

Work will begin shortly at the site and the terminal is expected to be completed by third quarter 2012.

The facility will provide the island with access to a wider range of supply sources, economies of scale and supply security.

It will also place Mauritius as the central hub for supplies within the region.

"This is an exceptional opportunity for all concerned to build a modern facility that can add significant value to the economy of Mauritius and provide a secure and reliable supply source for the future requirements of the region." said Simon Hill, CEO, Petredec Group.

The company is joining forces with local entrepreneurs for part of the

development and is now looking forward to the work beginning and enhancing its position in the region.

Petredec has held the supply contract into Mauritius for five out of the last six years as a result of winning the annual tenders and, together with similar contracts to other receivers in the region, is keen to continue its long commitment to the region.

Petredec also purchased Chevron’s LPG distribution business on the neighbouring island of Reunion back in 2008 and currently distributes as Petregaz.