TO ALL VALUED SOFRANA CUSTOMERS:

The overall change in fuel prices over the past quarter has been dramatic. Please be advised that if this trend continues unabated, we will move to reviewing fuel costs on a more frequent basis (presently quarterly). This is likely to be monthly.

In the meantime, we have now completed a review of our BAF over the past quarter from Australia to Papua New Guinea, Solomon Islands and Vanuatu and wish to advise that effective from mid August 2008, the BAF will be increasing to:

AUD1165.00 per 20â?? AUD2330.00 per 40â?? AUD55.50 per r/t for break bulk

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

Sofrana Surville V144 departing Brisbane 16 August 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