Gulf Marine Maintenance & Offshore Company (GMMOS) Supports the Al Noor Training Centre for Children With Special Needs for the 12th Year

DUBAI, UAE, February 7, 2011 - Gulf Marine Maintenance & Offshore Company (GMMOS), a premium
service provider for the oil & gas industry in the GCC (and parent company of
Stanford Marine), has announced the continuation for the 12th consecutive
year of its support for the Al Noor Training Centre for Children with Special
Needs. GMMOS' support will be in the form of sponsoring tuition for one of
the children of the Al Noor Training Centre, thus helping the child develop
capabilities that can help with integration as a valuable member in the wider
community.

"We take great pride in helping our community by providing
opportunities for children with special needs to receive professional
training as we have done for twelve years now, and we look forward to
continuing our support for the Al Noor Training Centre," said Elias Nassif,
CEO of GMMOS. He added "We all need support for achieving our potential,
regardless of background."

About the Al Noor Training Centre for Children with Special Needs:

Al Noor Training Centre for Children with Special Needs opened
its doors in Dubai on November 21, 1981, starting with only eight children.
The Centre serves children with special needs from different nationalities.
Its new purpose-built facility opened its doors in April 2007 and was
officially inaugurated on November 04, 2007 by HRH Princess Haya Bint Al
Hussein, Wife of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice
President and Prime Minister of the U.A.E. and Ruler of Dubai. The Centre has
been generously donated by His Highness Shaikh Mohammad Bin Rashid Al
Maktoum, Vice President and Prime Minister of the U.A.E. and Ruler of Dubai
and was made possible through the benefaction of HRH Princess Haya Bint Al
Hussein. The Centre runs under the auspices of the Ministry of Social
Affairs. An appointed Board of Governors formulates the governing policies,
which are then implemented by the Director of the Centre. For additional
information, please visit www.alnoorspneeds.ae

About Gulf Marine Maintenance & Offshore Company (GMMOS):

GMMOS Group is comprised of four well-established business
divisions centered on two main activities: Marine and Engineering. In Marine,
GMMOS activities include Stanford Marine, a prominent Offshore Supply Vessel
(OSV) charter operator in the Gulf currently expanding in South East Asia and
India, and Grandweld, the leader in shipbuilding and ship repair in the Gulf
focusing on the OSV segment. The company's Engineering activities include
GMMOS Fabrication, an oil and gas specialized steel fabricator of pressure
vessels and skid modules with operations in the UAE and Kazakhstan; and
Gallagher, one of the largest mobile fleet operators in the UAE with a
presence in the Dubai and Abu Dhabi markets. GMMOS is 51 per cent owned by a
Fund managed by Dubai-based Abraaj Capital and the remainder by Abu
Dhabi-listed Waha Capital. For additional information, please visit
www.gmmosgroup.com

About Abraaj Capital:

Abraaj Capital is the biggest private equity group in the
Middle East, North Africa and South Asia (MENASA). Since inception in 2002,
it has raised close to US$ 7 billion and distributed almost US$ 3 billion to
its investors. Headquartered in Dubai, Abraaj Capital operates eight offices
in the region including in Istanbul, Cairo and Riyadh. Funds managed by
Abraaj Capital and its predecessor entities have made 42 investments in 12
countries and achieved more than 20 exits. More than 75 world-class
investment professionals work for Abraaj Capital, which manages seven Funds
including; four buyout Funds; Riyada Enterprise Development Fund (a Fund
dedicated to small and medium enterprises); and ASAS, (an income-generating
real estate Fund). Funds under management at the end of 2009 were US$ 6.1
billion. Funds managed by Abraaj Capital have holdings in around two dozen
companies in the region including Air Arabia, (the region's biggest low-cost
carrier); Acibadem Healthcare Group, (Turkey's largest privately owned
hospital operator); and Al Borg Laboratories, (the Middle East's biggest
privately owned medical-testing laboratory company). Abraaj Capital has won
many regional and international awards, including five consecutive years as
'Middle Eastern Private Equity Firm of the Year' from London-based Private
Equity International. Abraaj Capital Limited, a member of the Abraaj Capital
group, is licensed by the Dubai Financial Services Authority. Abraaj Capital
is also an associate member of the European Venture Capital Association.

For additional information, please visit www.abraaj.com

For further information, please contact: Neil Corbasson, Group Vice President-Business Development, GMMOS Group, Email: neil at gmmos.com , Tel: +971-4-880-3637