Business Lines / Ship Owning Signal mast of »Eilhard Schulte« calling Singapore »Caroline Schulte« at Eurogate Containererminal Hamburg Ship owning has the longest tradition in the Schulte family and still remains the core business. Expansion was accelerated at the end of the nineties, and including the newbuildings on order, the number of vessels presently amounts to 90. THE PRESENT FLEET CONSISTS OF THE FOLLOWING VESSELS: - 13 gastankers of various types between 3,500 cbm and 20,600 cbm - 40 container vessels ranging from 1,000 to 6,500 TEU - 2 crude oil tankers of 105,000 resp. 106,000 tdw - 3 product carriers of 35,000 to 75,000 tdw - 14 product / chemical carriers of 12,800 to 25,000 tdw - 1 self-unloader bulk carrier of 47,250 tdw - 5 Handymax bulk carriers of 45,000 to 50,000 tdw - 2 Con / Ro vessels with stern ramp and 1,500 lane meters (OPDR) - 5 gearless, fully cellularized container feeder vessels of 700 TEU (OPDR) The majority of the fleet is fully owned. As far as the remainder is concerned, Bernhard Schulte retains a substantive shareholding. In the medium term the policy will be to not only carefully enlarge the existing sectors of shipowning, but also to look at other shipping areas that could fit into the existing system. BS INVEST GESELLSCHAFT FÜR BETEILIGUNGSVERMITTLUNG The continuous demand for high quality shipping funds was the motivation for the family business to set up BS INVEST as their own project and KG financing house in 2003, whose objective is to provide attractive investment opportunities to third party investors. The international network of the Schulte Group ensures access to good projects that can be developed into equity participations. The hallmarks of the company's business approach are its conservative and transparent calculations for projects to be realized with reputable partners. The company's careful, yet innovative philosophy manifests itself in the design of modern investment products based on well estab- lished business principles. BS TREUHAND- UND VERWALTUNGSGESELLSCHAFT BS Treuhand looks after the interests of our investors in the individual ship owning companies from subscription to sale. As trustee it will be the point of contact for all questions relating to the individual investment. They assure a high degree of transparency for the benefit of the investors.