March 2008

Press Release: ZNS Van Dam increases focus on its core business in the Oil & Gas and Infra & Defence

The clear and consistent growth of our worldwide activities in the oil and gas industry has made it clear to us that we need more focus in our strategic market choice in the future. This is the challenge we must meet. This strategic review has led us to decide to reduce our core activities; this will enable us to concentrate on a narrower range of activities.

Our activities in building / façade technology.

We are pleased to be able to announce that we have reached agreement with Oskomera Group B.V. in Deurne/The Netherlands with regard to the continuation of our activities in building / façade technology. The Oskomera Group is a versatile specialist in the field of façade technology and steel structures. You will find them to be a partner with an almost identical business philosophy to ZNS Van Dam’s; the realisation of worldwide projects with an emphasis on added value in the engineering phase, where complexity is seen as a challenge and where the customer has one focal point for the whole process (identical to ZNS Van Dam’s successful ‘single point of contact’ concept).

What does this mean for our business contacts in building / façade technology?

• The current projects will be completed by ZNS Van Dam and other commitments involving our building department will of course be honoured.

• Current contacts with architects, contractors, project developers and other parties in the building market will be taken over by Oskomera.

• We shall of course ensure that all activities are transferred properly and smoothly.

From today, our Oil & Gas and Infra & Defence activities will form the core of our business; past experience has shown that these activities are the closest to us.

Both sectors have a clear and now proven growth potential for the future; it is also apparent that these activities are closely related and that an increasingly strong synergy has evolved between them.

It is a clear strategic choice for us to focus all our energies on our customers in the Oil & Gas and Infra & Defence industries. These customers need partners who can empathise with THEIR problems, who know the market, who have the right products, who have years of experience and who can produce compelling references. ZNS Van Dam is that partner. Core Values: high quality expertise, innovation and flexibility coupled to worldwide operations; that is what we stand for.

What does this mean for our business contacts in Oil & Gas and Infra & Defence markets?

• Having a partner who, from today, will be concentrating exclusively on YOUR activities and who will therefore provide an even better service.

• Your well-known and trusted contacts in our company will not be changing. Because our level of activity will be increasing various colleagues will even be added.

• The overall responsibility for sales and marketing for the Oil & Gas and Infra & Defence Departments will be in the hands of Jim Suurland (who has been with ZNS Van Dam for some years and who was formerly the sales manager for our building activities), well known to many in the offshore oil and gas industry.

If you should have any questions, please contact us.

ZNS Van Dam B.V.