GIURGIULESTI INTERNATIONAL FREE PORT 2011-2012

Location and Regional Profile

Giurgiulesti International Free Port (GIFP), Moldova's only port accessible to sea-going cargo vessels, is situated 133.8 km / 72.2 nautical miles from the Black Sea on the maritime section of the river Danube. GIFP, which has a status of a free economic zone until 2030, benefits from its strategic location in close proximity to Moldovas borders with Romania and Ukraine. Due to its easy access to the Black Sea with maritime vessels, to countries located along the Danube with river barges as well as inland rail connections to both the CIS and EU countries, GIFP is developing into a major logistics hub not only for Moldova, but for the entire region.

Location

Location

Facilities
Oil Product Terminal Vegetable Oil Terminal Grain Terminal Dry Bulk Cargo Terminal Container & General Cargo Terminal Mixed-gauge Rail Terminal (under construction) Ro-Ro Terminal (under construction) Business Park G-FEZ Total Investment to Date: > USD 70m

Masterplan

Total surface: The business park of Giurgiulesti International Free Port currently consists of a territory of about 45 ha and will be expanded by another 65 ha in the coming years.

Oil Products Terminal

The Oil Product Terminal is owned and operated by Danube Logistics. The terminal consists of one jetty on the river Danube, a tank farm consisting of eight tanks, truckloading facilities and, from mid 2012 mixed-gauge rail loading/unloading facilities. The water depth at the oil terminal jetty is at least 7m and therefore can be accessed by both maritime vessels and river barges. Up to three different types of oil products can be simultaneously loaded or discharged from vessels. The total storage capacity of 63,600 cubic meters is divided between 8 tanks with capacities ranging from 4,200 to 12,600 cubic meters. The mixed gauge rail terminal for oil products that is currently under construction will enable companies to transship oil products directly to/from the CIS and European Union markets by railway. The annual transshipment capacity of the oil terminal exceeds 1 million tons.

Vegetable Oil Terminal

The vegetable oil terminal of Giurgiulesti International Free Port started its operations in November 2011. SC Trans Bulk Logistics SRL, a subsidiary company of Trans Oil Group of Companies, constructed and operates the grain vegetable oil terminal in collaboration with Danube Logistics. The terminal has a storage capacity of 6,000 mt and can load vessels of a size of up to 10,000 dwt. Draft: minimum 7m (=> up to 12,000 DWT vessels) Storage: 6,000 metric tons in 2 tanks Truck unloading facility Rail unloading facility (under construction)

Grain Terminal
The grain terminal of Giurgiulesti International Free Port started its operations in July 2009. SC Trans Cargo Terminal SRL, a subsidiary company of Trans Oil Group of Companies, constructed and operates the grain terminal in collaboration with Danube Logistics. The terminal has a storage capacity of 50,000 mt and can receive up to 3,000 metric tons of grain per day by railway or road transportation. At the same time vessels with a size of up to 7,000 mt can be loaded with a loading speed of up to 300 metric tons per hour.

Dry Bulk Cargo Terminal

The Bulk Cargo Terminal owned and operated by Danube Logistics is located on the river Prut on a territory of about 4 ha. In 2012 the terminal will mostly transship aggregates, pet-coke and slag from river barges to railway wagons and trucks. Barges are either discharged by floating crane or a mobile harbor crane. Cargo: Aggregates, Slag, Pet-coke Start of operation: 2010 Draft: minimum 5m Storage Area: 4 ha Equipment: 1 floating crane, wheel-loader, excavator Rail Connection: under construction

General Cargo and Container Terminal

On January 11th 2012, Danube Logistics started the operation of its new Container and General Cargo Terminal (GCCT). The terminals open storage area of about 2 ha is directly connected to the railway and has a total of 48 plug-in points for reefer containers. The equipment of the terminal consists of a 70 ton Sennebogen mobile harbor crane, a Kalmar reachstacker and two fork lifts. The minimum water depth at the terminal is 5m. Draft: minimum 5m Storage Area: 2 ha Equipment: 1 x mobile harbour crane, 1 x reach stacker, 2 x fork-lifts Rail Connection: under construction Major client: MSC

Mixed Gauge Rail Terminal

In 2011 Danube Logistics started the construction of a mixed-gauge rail terminal combining both, the broad- and narrow-gauge railway standards. Being Moldovas first privately held mixed-gauge rail terminal, the facility will allow transport of goods by railway directly from/to Moldova, CIS and EU countries. The new rail terminal is planned to be completed in the third quarter of 2012 and will be able to transship liquid as well as dry cargo, including containerized cargo. Cargo: Containers, General Cargo, Oil Products, Grain, other Start of operation: September 2012 Open Storage Area: 1.6 ha Equipment: 1 x mobile crane, 1 x reach stacker, 1 x fork-lift, grain-container stuffing facility.

Business Park/www.g-fez.md
A business park called Giurgiulesti Free Economic Zone (GFEZ) developed and operated by Danube Logistics forms an integral part of Giurgiulesti International Free Port. Investors have the opportunity to lease land, warehouse space, openstorage areas as well as offices within GFEZ. Due to the location and access to tri-modal transport infrastructure residents of GFEZ have easy access to the markets of Moldova, Romania and Ukraine. GFEZ residents benefit not only from the exemption from excise taxes, VAT and import duties but also from reduced corporate income tax rates, newly constructed infrastructure, relatively low payroll expenses as well as favourable utility charges. Territory: 24 ha + 65 ha expansion area Services: Lease Services Advisory Services Lease Services Land Open Storage Warehouse Offices

Maritime Transport Connection

Weekly Service Moldova - Turkey: Container & General Cargo Operator: ICS Danube Logistics SRL Other Shipments Grain Vegetable Oil Oil Products General Cargo Main Destinations: Black Sea, Mediterranean

DanubeTransport Connection
Main Destinations: Constanta (RO), Turcoaia (RO), Ruse (BG) Cargo: Aggregates, Pet-coke, Oil Products, General Cargo
Distance GIFP Black Sea

0 km 134 km 228 km 357 km 1,506 km 1,731 km 1,786 km 1,993 km 2,094 km

Turcoaia, RO 50 km Constanta, RO Ruse, BG

Belgrade, RS 1,034 km Budapest, HU Bratislava, SK Vienna, AT Linz-VA, AT Passau, D

CIS Rail Connection

EU Rail Connection

Road Connection
Distance Chisinau, MD 226 km Balti, MD Bucharest, RO Ploesti, RO Buzau, RO Focsani, RO Barlad, RO Bacau, RO Iasi, RO Galati, RO Reni, UKR

336 km 242 km 209 km 140 km 104 km 114 km 202 km 239 km 17 km 8 km

Road Connection
Distance Chisinau, MD Bucharest, RO Kiev, UKR Lviv, UKR Minsk, BY Moscow, RU Krakow, PL Budapest, HU Vienna, AT Belgrade, RS Ruse, BG Istanbul, TR

226 km 242 km 686 km 776 km 1,238 km 1,532 km 1,106 km 999 km 1,283 km 854 km 316 km 749 km

Transshipment Volumes
2007 Oil Products Vegetable Oil Grain Aggregates Pet-coke Slag General Cargo Other Total Container TEU 3,727 1,480 5,207 2008 14,895 1,150 16,045 2009 38,455 40,975 79,430 2010 60,769 219,057 86,329 5,056 371,211 2011 92,997 15,221 155,269 52,861 4,693 321,041 2012e 100,000 80,000 200,000 150,000 40,000 25,000 15,000 5,000 615,000 10,000

Objective

The objective of Danube Logistics international management team is to establish Giurgiulesti International Free Port as the premier business park and logistic center in the Republic of Moldova.

Conclusion:
GIFP transforms into regional logistics center Unique set of sea, river, rail and road infrastructure Complementary development of GIFP and G-FEZ / Business Park

THE GATEWAY TO MOLDOVA AND SOUTH-EASTERN EUROPE

Contacts
Head Office Danube Logistics SRL Skytower, 10th Floor, Office F 63 Vlaicu Pircalab Str. Chisinau MD-2012 Republic of Moldova Telephone: +373 22 999 225 Fax: +373 22 999 226 E-mail: info@danlog.md www.gifp.md GIFP Giurgiulesti International Free Port Giurgiulesti, Cahul raion MD-5318 Republic of Moldova Telephone: +373 (293); 71 599; 71 345; 71 645 Fax: +373 29371237 E-mail: info@danlog.md Port Director - Aydov Ala