<p>26 October 2006 IAT06-035</p><p>ANNOUNCEMENT</p><p>TO OUR VALUED CUSTOMERS:</p><p>Further to a firm decision by this company’s management, please note that it is the intention to apply the referenced rate increase of US$50/20’ and US$100/40’ from all Far East origins other than Japan with effect from 1 November 2006.</p><p>This rate increase will apply for all equipment types (including dry and reefer) and will be assessed for all exports to destinations in the Middle East. The rate increase will be applied on top of existing applicable moving ocean freight rates to all our customers alike.</p><p>At the same time, please note that our company will assess all ancillary charges at time of shipment separately from the ocean freight rates.</p><p>For further inquiries, please contact our customer service and sales representatives at telephone numbers 536-7138.</p><p>Please be guided accordingly. </p><p>Thank you.</p>