Notice to the Trade

Aegean – Spain (ASA) Service BAF Increase

Date: 28/02/2012

Dear Customer,

Kindly note that, ongoing increases in the bunker prices has forced Arkas Line to apply a BAF increase in certain trades.

As of 15th of April 2012, € 30/Teu BAF increase will be applied to all Spain– Aegean & B. Sea traffics , €10/Teu BAF increase to all Aegean –Spain traffics.

Increase is valid for :

Spanish ports (Valencia, Castellon, and Barcelona)

Aegean ports (Piraeus, Thessaloniki, Marport, Evyap, Gemlik, and Izmir)

And inbound traffics to Black Sea Ports (Novorossiysk, Constanta, Odessa, Varna, and Poti )

Updated BAF levels will be as follows:

Spain – Turkey : old BAF € 165 / teu - new BAF € 195/ teu

Spain – Greece : old BAF € 130/ teu – new BAF € 160/teu

Spain – Black Sea : old BAF € 115 / teu – new BAF € 145 /teu

Turkey – Spain : old BAF € 130/ teu – new BAF € 140/ teu

Greece – Spain : old BAF € 95 / teu – new BAF € 105 / teu

BAF increases will be valid as from M/v Roza ASA 16E Eta Valencia 16/04, Eta Castellon 17/04, Eta Barcelona 18/04. M/v Tomriz ASA 15W Eta Thessaloniki 17/04, Eta Marport 19/04, Eta Evyap 20/04, Eta Gemlik 21/04, Eta Izmir 22/04, Eta Piraeus 24/04

We are hoping that our valued customers will understand and be supportive on this increase which aims to cover increasing bunker costs and for sure has high importance to protect service quality.

Yours sincerely

Arkas Line