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JBF RAK - Belgium

Dear All,

It is with great honor that we present you with a brief update of our JBF Global Europe SPRL project co-located on the BP Aromatics site in Geel Belgium.

JBF had officially inaugurated the project on 21 October 2011 once all the principal contracts with BP for co-location were finalized. We received official construction permits in February 2013 after which the above ground constructions started and still ongoing.

Based on the current planning we're on schedule to start-up commercial operations in April 2014!

The current staff strength of JBF Belgium is 25 employees which will be increased to 65 by the end of 2013. After start-up in April 2014 JBF GE SPRL will employ approx. 100 people directly and additional 40 people may be working under contracts for various services on site.

Currently we're entering the most busy and critical part of the project & we have approx. 400 workers on-site working on various activities of the plant.

It has been a pleasure updating you and we will remain to do so via our website. In case you have any questions and/or queries please do not hesitate to contact us at any time.

Last but not least - we would like to thank all our customers who have shown much interest in our project, we look forward doing business with you and supplying you from our plant in Belgium as of April 2014 and onwards.

With kind regards,

Cheerag. B. Arya
Chief Executive Officer
JBF RAK LLC.