4Gas Hires Two Senior Executives - Haroun van Hövell Named as CFO and Harry van Rietschoten Named as General Counsel

Rotterdam/London – 4Gas, the global independent LNG terminal developer and operator, today announced the appointment of two senior executives to the 4Gas Executive Board to further strengthen its management team.

Haroun van Hövell has been appointed Chief Financial Officer and Harry van Rietschoten has been appointed General Counsel. Both appointments are effective immediately.

4Gas is dedicated to developing and operating LNG terminals on a global basis. 4Gas has four ongoing projects: the Dragon LNG project in Milford Haven, United Kingdom; the LionGas project in Rotterdam, the Netherlands; the Nova Scotia Project in Goldboro, Canada and one in southern Asia. 4Gas was established from a de-merger of the LNG business of Petroplus International N.V. (Petroplus).

Mr. van Hövell joins 4Gas from The Carlyle Group, where he was closely involved in the acquisition and subsequent development of Petroplus and the de-merger of 4Gas. At Carlyle he sourced and executed energy sector buyouts and other transactions across Europe including the Netherlands and the UK. Prior to joining Carlyle in September 2000, Mr. van Hövell was a Financial Analyst with the Investment Banking Division of Salomon Smith Barney in London. He holds a degree in Economics from the Erasmus Universiteit Rotterdam and received his M.B.A. from INSEAD in Fontainebleau. Furthermore, he remains active as Executive Director of RIVR Acquisition B.V. (RIVR), the majority shareholder of both Petroplus and 4Gas.

Mr. van Rietschoten joins 4Gas from Petroplus, where he was General Counsel. Mr. van Rietschoten has over thirteen years of experience as legal counsel in the transport and energy sector. At Petroplus he was responsible for the various acquisitions and divestments as well as its delisting. Furthermore, Harry van Rietschoten fulfilled an essential role in structuring the Dragon LNG partnership and was closely involved in the development of the LNG activities within Petroplus which are now part of the 4Gas portfolio. He holds a degree in Law from the Erasmus Universiteit in Rotterdam, received his M.B.A. from the Rotterdam School of Management and holds a M.Sc. in International Transport from the University of Wales in Cardiff.

Paul Q.J. van Poecke, CEO of 4Gas said, "I am delighted to welcome both Haroun and Harry to the Executive Board of 4Gas. Both executives know 4Gas and its sector extremely well through their involvement in the company as part of Petroplus and will bring strong and credible expertise to 4Gas as we continue to develop the business.

With the current pace of LNG terminal development and the demand we see in Europe, North America and in Asia, we believe that 4Gas is well placed to meet this demand to provide LNG terminals to service customer needs."

Other members of the Executive Board include Paul Q.J. van Poecke, CEO and Simon Bonini, Chief Operating Officer, who joined 4Gas in March 2006.

Editor’s Note:

For more information on the aforementioned announcement, please contact Katherine Elmore-Jones +44 207 894 1560.

About 4Gas

Following Petroplus’ successful development of the Dragon LNG project in Milford Haven, Wales, its shareholders de-merged all LNG activities to establish a new company exclusively dedicated to LNG under the name 4Gas.

4Gas focuses on developing and operating LNG terminals around the world. Current projects include the Dragon LNG project in Milford Haven, Wales, the LionGas project in Rotterdam, the Netherlands, and the Goldboro Project in Nova Scotia, Canada. 4Gas has also established its presence in the Asian market with an office in Hong Kong, in addition to existing offices in the UK and the Netherlands.