Ex Australia to Papua New Guinea, Solomon Islands and Vanuatu

Because of the sustained strength of the Australian dollar against the US dollar, we have conducted a review of our present CAF of +3.40%.

The results of this review will see the CAF reduce from Australia to Papua New Guinea, Solomon Islands and Vanuatu. This reduction will take effect from early February 2008 and will be:

CAF: 0%

The new caf will come into effect from the following vessel/voyage: -

Sofrana Magellan V117 loading Brisbane 10 February 2008

Should you have any queries or require additional information, please contact your nearest Sofrana representative throughout the service network.

Yours faithfully

Sofrana Unilines NZ Ltd