These prices are include all brokers commission (2.00 USD/MT)

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1 Bulk Bitumen: While we have limited possibilities to provide Bulk Vessels, we have no limitation to provide Bulk Bitumen on FOB basis if you/your customer s are capable to arrange the Bulk Vessel. Please do not ask for CIF /CFR Bulk Bitumen in future. Specification of the port of Loading: Port of Loading : Bandar Abbas Iran (Persian Gulf) The draft restriction for the Vessel at the port is Seven Meter ( 7 M) Loading rate in Bandar Abbas is 150 MT/Hour Maximum Length of vessel 115 M Maximum capacity of Vessel should be 5,000 MT Quantity available depend on your Vessel, maximum 5,000 in each shipment Table No.1 Bulk Bitumen price in FOB Basis, American Dollars /Metric Tone Bulk Bitumen Grade 40/50 Grade 60/70 Grade 80/100 Grade 85/100 FOB Bandar Abbas Iran These prices are include all brokers commission (2.00 ) Table No.2: Price List Iranian Bitumen in New Steel Drum, US Dollars/ Metric Ton Basis Grade 40/50 Grade 60/70 Grade 80/100 Grade 85/100 Grade VG 30 FOB Bandar Abbas Iran CFR Algeria Algiers port CFR Bangladesh Chittagong CFR Bulgaria Buras CFR Cameroon Douala CFR China Dalian CFR China Fengcheng CFR China Lianyungang CFR China Nanjing CFR China Qingdao CFR China Rizhao CFR China Shanghai CFR China Shenzhen CFR China Tianjin CFR China Xiamen CFR China Xian gang

2 CFR Conakry Guinea CFR Congo Matadi CFR Cote D lvoire Abidjan CFR Djibouti CFR Egypt Alexandra CFR Ghana Tame Sea port CFR Greece Thessalonica CFR India Calcutta CFR India Candela CFR India Chennai CFR India Cochin CFR India Haldia CFR India Mundrai CFR India Nhavasheva CFR India Visak CFR Indonesia Belawan CFR Indonesia Jakarta CFR Indonesia Surabaya CFR Hong kong CFR Japan Kobe Port CFR Japan Osaka Port CFR Kenya Mombasa CFR Korea Inchon * * * * * * * * * * * * * * * Table No.3 Price List Iranian Bitumen in New Steel Drum US Dollars/ Metric Ton Basis CFR Korea Pusan CFR Kuwait CFR Liberia Monrovia CFR Libya Tripoli CFR Madagascar Thomasine CFR Malaysia Port Kelang CFR Myanmar Yangon CFR Nigeria Lagos CFR Oman Muscat CFR Pakistan Karachi CFR Philippine Manila CFR Saudi Arabia Damam CFR Singapore port CFR Somalia Beriberi CFR South Africa Durban CFR Sudan Sudan port CFR Tanzania Dar A Salam Grade 40/ Grade 60/70 * Grade 80/100 * Grade 85/100 * Grade VG

3 CFR Thailand Bangkok CFR Togo Lome CFR Turkey Istanbul * * * * * * Bitumen 40/50 Specification Test method Specific C D 70 C 40/50 D 5 Softening point C 52/60 D 36 CFR Turkey Izmir CFR U.A.E Dubai CFR Vietnam Haiphong CFR Zanzibar CFR Senegal Dakar CFR Barcelona Spain Important Note : These prices are valid for Minimum order 1000 MT and for order less than 1000 Mt should be add 5.00 USD to all prices and for more than 10,000 MT these prices will be decreased These prices are include brokers commission (3.00 ) Table No.4 : Specification

4 Loss on heating (wt)% 0.2 max D 6 Flash point C 250min D 92 Bitumen 60/70 Specification Test method Specific C D 70 C 60/70 D 5 Softening point C 49/56 D 36 Loss on heating (wt)% 0.2 max D 6 Flash point C 250min D 92 Bitumen 80/100 Specification Test method Specific C D 70 C 80/100 D 5 Softening point C 45/52 D 36 Loss on heating (wt)% 0.5 max D 6 Flash point C 225min D 92 Organic matter insoluble in CS2 (wt)% 0.2 max D 4 Bitumen 85/100 Specification Test method Specific C D 70 C 85/100 D 5

5 Softening point C 45/52 D 36 Loss on heating (wt)% 0.5 max D 6 Flash point C 225min D 92 Organic matter insoluble in CS2 (wt)% 0.2 max D 4 Validity: this offer is valid till 21.Aug.2011 We are waiting for receipt your LOI with bank details, Look forward to a fruitful business relation.

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