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Mar 1, 2007

Excel Marco has appointed Mr. John O’Leary as the Non-Executive Chairman. John O’Leary brings with him comprehensive knowledge as well as vast industry experience in the field of chemical, oil and gas, and marine industry. He served as a Director of the International Association of Drilling Contractors (IADC) and as IADC Regional Vice President-International. He is a member of Supervisory Board of Huisman Itrec, a Dutch company specializing in design and production of heavy lifting transport equipment for the offshore industry and of Jumbo Shipping, a company specializing in heavy lift transport. Mr. O’Leary provides consultancy advice in the energy business on business development and growth strategies. He is in the advisory team of First Reserve Corporation, a US based private equity in the energy sector. His appointment will be a great asset to Excel Marco and further enhance the company’s capability to meet future challenges.

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