Please be advised that, for health reasons, Sten Claesson has tendered his resignation as Managing Director of Stena Oil. We would like to take this opportunity to thank Sten for his valuable work for Stena during his 23 years with us and wish him the best of luck in his future life. Sten will still be around for a few months and the date of the employment award ceremony will be announced at a later stage.

I am pleased to announce that, effective today, I have been appointed to succeed Sten as Managing Director of Stena Oil. Patrik Pettersson will join me as Executive Vice President.

We are confident that our good business relationship will continue and hopefully strengthen even further.

BEST REGARDS

STENA OIL AB
LARS MALMBRATT
BUNKER DEPT.
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PHONE:  +46 31 775 22 34
MOBILE: +46 706 65 22 34
FAX:        +46 31 12 93 68
E-MAIL:    bunkers@stenaoil.com
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