TGE's Management is happy to announce that 60% of TGE's mother company (TGE Gasinvestments SA) have been purchased with effect from September 19, 2008 to China International Marine Containers Ltd. (CIMC) (www.cimc.com)

Background

The deal was initially announced in June 2008, remaining to China and EU approvals. These approvals have now been successfully obtained.

Deal terms are undisclosed. However the terms of the deal provide TGE with the financial and commercial resources to develop its business more aggressively internationally and for the TGE employees to share in the growth of the Business through share incentives.

Rationale for the Partnership

Together, CIMC and TGE intend to achieve the following strategic objectives through the deal:

• Provide their combined customer base with a one-stop solution for energy logistics on a truly international basis
• Improved access for TGE to new project opportunities in China and the Far East region through CIMC’s contacts
• Enhanced bonding capacity for TGE, ensuring that it can undertake larger projects where necessary

Contact details

For further details, please contact Henry Sun of CIMC on (+86 755 26802332 ) or Vladimir Puklavec of TGE on +49 228 60448 0.