In the High Court of Justice (Chancery Division)

Companies Court No 9042 of 2012

Name of Debtor: RIZZO-BOTTIGLIERI DE CARLINI ARMATORI SPA

Nature of business: Shipowning Company

Address of debtor: VIALE OLIVELLA 10, 80059 TORRE DEL GRECO (NA), ITALY

The following order has been made in relation to the above debtor under the Cross-Border Insolvency Regulations 2006: (1) The concordato preventivo proceeding in respect of the Company in the Republic of Italy pursuant to section 160 of RD 267/1942 Italian Insolvency Law, as amended, is hereby recognised as the foreign main proceeding in respect of the Company, in accordance with Article 17 of Schedule 1 to the Cross-Border Insolvency Regulations 2006 (S.I. 2006 No 1030) (“ the Model Law ”); (2) Pursuant to Articles 20(6) and 21(1)(g) of the Model Law, the stay and suspension in Article 20(1) of the Model Law is modified and additional relief is granted in the terms of paragraph 43 to Schedule B1 of the Insolvency Act 1986.

Order made on 27 November 2012

Name and address of foreign representatives: Board of Directors of Rizzo Bottiglieri De Carlini Armatori SpA, address as above

A copy of the Order is available upon request