Gunvor Appoints Matt Brock as Head of Coal Trading

LONDON, December 7 - Gunvor International B.V. ("Gunvor"), one of the world's major
independent energy companies announces the appointment of Matt Brock as Head
of Coal Trading effective 1 February 2010.

Mr. Brock will join Gunvor from Vitol SA where he was trading manager for
coal. He brings more than 14 years experience in the global commodity markets
and managing coal portfolios in both Atlantic and Pacific Basins. Prior to
joining Vitol, Brock was the Coal & Freight Manager at Nuon BV in The
Netherlands. Prior to Nuon, Brock was at Nidera BV trading grains, soybeans
and dry freight in a number of positions worldwide including The Netherlands,
UK, USA, South Africa, Argentina and Singapore. He will be based in Geneva.

Commenting on the announcement, Paymon Aliabadi, Managing Director of
Gunvor's Global Energy Group said, "Matt is another great addition to the
Gunvor energy trading team. Matt's arrival is another key component of
Gunvor's plans to develop a world class trading team as Gunvor diversifies
from purely oil trading into being a fully integrated energy trading
company."

About Gunvor

Gunvor International B.V., registered in Amsterdam, with main trading
operations in Geneva and Singapore, is one of the world's major independent
energy trading companies. It is a market leader in the trade, transport,
storage and optimization of global oil and petroleum products. Leveraging
Gunvor's trading infrastructure and market presence, it is developing a
Global Energy Portfolio to become a leading market player in the global
energy markets.

    For more information:

    M: Communications
    Stuart Leasor: +44-20-7920-2317
    leasor@mcomgroup.com

For more information: M: Communications, Stuart Leasor: +44-20-7920-2317, leasor at mcomgroup.com