www.devbulk.com 0 Background: One of the oldest shipping Company in - PowerPoint PPT Presentation

www.devbulk.com 0

Background: One of the oldest shipping Company in Turkey, found in 1895 • Owns & manages 10 (ten) modern handy-size bulk carriers • All double-hull vessels built in Japanese yards • Largest handy-size owners and managers in Turkey • Carries out full in-house Management by Devbulk Ship Management • Charters in period tonnage in order to ship own cargo bookings • Strong balance sheet with 100.mil TL paid capital • Close to 250 employees - 30 office staff and 220 seafarers on board • Carries 2.mil tones of dry bulk commodities per annum world-wide • Main cargoes; fertilizers, grains, steels, wood pulp, feldspar, soda ash • 1

Present Owned and Managed Fleet: 1. Mv Lady Alara 30,500 dwt 2011 Tsuji HI 2. Mv Lady Begum 30,500 dwt 2012 Tsuji HI 3. Mv Lady Demet 30,500 dwt 2012 Tsuji HI 4. Mv Lady Saliha 30,500 dwt 2011 Tsuji HI 5. Mv Lady Serra 30,500 dwt 2011 Tsuji HI 6. Mv Lady Damla 28,750 dwt 2008 Imabari 7. Mv Lady Cansen 28,750 dwt 2009 Imabari 8. Mv Lady Deniz 28,750 dwt 2009 Imabari 9. Mv Lady Mickey 29,500 dwt 1997 Dalian 10. Mv Lady Moon 27,500 dwt 1997 Hanjin 2

Ship Management: Devbulk Shipmanagement SA Carries out the Shipmanagement activities of Deval Fleet • Technical and Commercial management • Run by a total of 30 loyal and experienced staff • With average age of 44 years and 15 years of average working span • 3

Partners: 4

Other investments: Deval Group is one of the main shareholders in following companies; One of the oldest national (later privatized) shipping company of • Turkey, Turkish Cargo Lines (www.tcl.com.tr) The largest private real estate complex in Istanbul City, DATI Holding • A.S. (www.dati.com.tr) 5

Historical fleet: NO VESSEL'S NAME DWT BLT PURCH SOLD AGE USAGE AGE NO VESSEL'S NAME DWT BLT PURCH SOLD AGE USAGE AGE Steam Wooden Ships Existing Fleet 1 MORINA SS 500 1800s 1800s sunk in WWI 25 ASKABAT MPP 18850 2002 2005 3 2 CEYLANI SS 500 1800s 1800s sunk in WWI 26 LADY SALIHA BC 30125 2011 2011 0 3 BAHRI SS 500 1800s 1800s sunk in WWI 27 LADY SERRA BC 30125 2011 2011 0 4 HILAL SS 500 1800s 1800s sunk in WWI 28 LADY DEMET BC 30125 2012 2012 0 5 PLEVNE SS 500 1800s 1800s 1930 29 LADY BEGUM BC 30125 2012 2012 0 6 FEYYAZ SS 750 1800s 1930 1952 22 30 LADY ALARA BC 30125 2011 2013 2 7 DOGUTEPE SS 750 1800s 1930 1952 22 31 LADY DAMLA BC 28750 2008 2015 7 Diesel Engine Steel Ships 32 LADY CANSEN BC 28750 2009 2016 7 8 BEYHAN GC 850 1919 1953 1986 34 33 67 33 LADY DENIZ BC 28750 2009 2018 9 9 KAPTAN ISMAIL HAKKI GC 1100 1969 1969 1979 0 10 10 10 DEVAL GC 2100 1977 1977 1989 0 12 12 11 LEVENT DEVAL GC 1700 1978 1979 1983 1 4 5 12 HACI HAKKI DEVAL GC 1600 1984 1984 1995 0 11 11 13 CAN DEVAL GC 3100 1978 1986 2006 8 20 28 14 LEYLA DEVAL GC 5600 1987 1988 2008 1 20 21 15 ESRA GC 5600 1967 1989 2008 22 19 41 16 SERVET DEVAL GC 4400 1989 1990 2005 1 15 16 17 SERRA DEVAL BC 15750 1980 1992 2010 12 18 30 18 SIBEL DEVAL BC 16950 1974 1993 2011 19 18 37 19 ORHAN DEVAL BC 27550 1984 1996 2012 12 16 28 20 HAKKI DEVAL BC 15750 1979 1998 2010 19 12 31 21 MORINA CT 7100 2004 2004 2014 0 10 10 22 PLEVNE CT 7100 2005 2005 2010 0 5 5 23 BAKU MPP 18850 2001 2005 2011 4 6 10 24 SERVET ANA BC 30125 2011 2011 2011 0 0 0 6

Contact: Address: 111 Pasa Limani Cad, 34674, Kuzguncuk, Istanbul, Turkey Tel :+90.216.651.16666 Fax: +90.216.651.1677 E-mails General : fleet@deval.com Chartering : dry@deval.com S+P : snp@deval.com 7

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