SHANGHAI, 7th of Dec, 2015 JHW ENGINEERING & CONTRACTING and EVERGAS agree for the construction of four option two INEOS MAX 32,000M3 liquefied ethane/ethylene carriers. We are pleased to announce that Evergas and JHW Engineering & Contracting have entered into an agreement for the construction of four option two INEOS MAX 32,000M3 liquefied ethane/ethylene carriers. Kevin Zhu, CEO of JHW, and Philippe Rochet, Executive VP of JACCAR Holding, on behalf of EVERGAS The INEOS MAX 32,000M3 liquefied ethane/ethylene carriers are expected to carry a range of innovative features specifically tailored for safe, environmentally friendly and efficient operations. The cargo capacity has been increased more than 10% by optimizing the design of cargo tanks as well as layout of ship, without changing the main dimensions compared to the latest designs of 27,500 M3 class gas carriers. The dual fuel propulsion flexibility including LNG and ethane and the optimized ECO hull design will significantly reduce emissions, and the ballast water treatment system will protect the sea water environment. To document the green vessel profile the vessels will receive Clean ship notation, Green Passport, EEDI phase III compliance, etc. The INEOS MAX 32,000M3 carriers will be delivered to Evergas from first quarter of 2018 onwards Room 1002, Urban Development International Tower, 355 Hongqiao Road, Shanghai, 200030 上海虹桥路 355 号城开国际大厦 10 楼 02 室,200030 www.jhwshanghai.com and will be built at a selected shipyard in China. The four option two INEOS MAX 32,000M3 liquefied ethane/ethylene carriers will release the LNG transportation capacity of the existing Dragon series of 27,500M3 LNG carriers. Till today, three of total eight 27,500M3 LNG carriers have been delivered to Evergas for bringing US ethane from shale gas to INEOS’ manufacturing sites in Europe, with five vessels remaining. With delivery of the INEOS MAX, the 27,500M3 LNG carriers will be available for trade on the growing mid-size LNG transportation market. Room 1002, Urban Development International Tower, 355 Hongqiao Road, Shanghai, 200030 上海虹桥路 355 号城开国际大厦 10 楼 02 室,200030 www.jhwshanghai.com About JHW Engineering & Contracting JHW Engineering & Contracting (JHW E&C) is a new EPC (engineering, procurement & contracting) company registered in Hong Kong offering detailed EPC management solutions tailored to suit the customers' needs for the international shipping and offshore oil and gas industries. With the support from its parent company JACCAR Holdings, JHW E&C can provide the EPC service for the high-tech LPG/LEG/Ethane/LNG carriers from 5000cbm to 86000cbm with innovative Ctype tank solutions. JHW E&C can also design and deliver floating liquefaction or regasification storage units, gas fuel supply system and other offshore modules, through its subsidiaries in Mainland China including JHW (Shanghai) Trading Co Ltd, ECONOVO Marine Engineering Co., Ltd , CRYLOBE Gas Technology Co., Ltd, and a manufacturing platform in Qidong, Jiangsu: Jiangsu Watts Offshore & Engineering Co., Ltd. Visit our company at www.jhwshanghai.com About Evergas Evergas is one of the world’s leading seaborne transporters of petrochemical gases and natural gas liquids. The company headquartered in Copenhagen employs more than 400 people around the world dedicated to delivering quality transport solutions of liquefied gas. Its current modern and growing fleet of 28 vessels with an average age of 3 years, and services customers across the globe within the transportation of petrochemical gases, ethane, LPG and LNG. Visit our company at www.evergas.net Room 1002, Urban Development International Tower, 355 Hongqiao Road, Shanghai, 200030 上海虹桥路 355 号城开国际大厦 10 楼 02 室,200030 www.jhwshanghai.com