Lomar Announces Order for Up to Six New Design, Fuel-efficient Wenchong 2,200 TEU Container Ships

LONDON, March 26, 2012 /PRNewswire/ –

– Lomar, the shipping subsidiary of the Libra Group, signs new order with GWS China
for latest generation container vessels

Lomar has signed an order with the Guangzhou Wenchong Shipyard in South China, for up
to six new container ships. Scheduled for delivery starting from early 2014, the 2190
nominal TEU capacity vessels (14mt/TEU homogenous load of 1570 TEU) have been designed by
leading Chinese design institute SDARI (Shanghai Merchant Ship Design and Research
Institute) and meet the highest standards for fuel efficiency and environmental
compliance. The investment restates Lomar’s dedication to container shipping with renewals
and additions to the fleet which benefit from the latest fuel-efficient designs, and
follows the company’s order earlier this year for up to six new bulk carriers from China’s
COSCO Group.

The order takes Lomar’s current fleet close to 50 vessels. The new hull-optimised
ships offer improved performance compared with existing container vessels of the same size
by providing significant savings on fuel consumption, and at a wide range of speeds in
comparison to those presently in the market.

“We are re-investing in our fleet with these new vessels,” said Achim Boehme, CEO of
Lomar. “Wenchong has a very strong reputation for delivering excellent quality container
vessels and being among the best shipyards in the ‘feeder’ size sector. We look forward to
taking delivery of these newbuildings which will enhance our existing portfolio and allow
us to stay competitive, continuing to offer a comprehensive service across the whole of
Lomar with a modern, fuel-efficient fleet.”

Lomar is the shipping subsidiary of the Libra Group, a diversified international
business group. The company has a mixed fleet of vessels including bulk carriers,
container ships, LPG and chemical tankers as well as offshore vessels. Libra’s other
transportation interests include its aviation leasing subsidiary, LCI, which is also
involved in the offshore sector and has recently placed an order for a fleet of new
generation AgustaWestland helicopters.

About Lomar

Lomar is a global ship-owning and operating company that is owned by the Libra Group.
Lomar has successfully bought and sold mixed classes of vessel over a period of 35 years.
This was epitomised by the sale of almost its entire fleet between 2004 and 2007. In late
2009, Lomar re-invested in shipping at scale with the US$325m acquisition of the Allocean
fleet of 26 vessels. Today, with recent orders, the Lomar fleet is close to 50 vessels.

Commercial and technical management of Lomar’s fleet is handled through its offices in
London, Bremen and Singapore.

About Libra Group

The Libra Group is a privately owned conglomerate undertaking strategic investment
around the globe. The group was created in 2003 as a holding company for the diversified
business interests of the Logothetis family that for nearly 30 years had been focused
almost exclusively on international shipping. Operating from 20 offices across four
continents, Libra Group’s 30 operating subsidiaries are primarily focused on aviation,
shipping, real estate, hospitality, and renewable energy.

SOURCE Libra Group