Muscat, 3rd May 2005

At a recently concluded Board meeting Oman Oil Marketing Company SAOG (OOMCO) appointed Mr. Mulham Al Jarf as Deputy Chairman to the Board of Directors.

Mr Mulham Al Jarf is, at present, Deputy CEO of Oman Oil Company SAOG and replaces Mr. Ahmed bin Salim Al Wahaibi, who opted to not seek re-election to the OOMCO Board this term.

The Board had earlier approved the appointment of 2 new members to the audit committee, increasing the size from 3 to 4. The new audit committee members are Sayyidah Rawan Ahmed Al-Said and Abdul Kader Darwish Dosambeh Al Balushi.

Sayyidah Rawan Ahmed Al-Said is Director Research at the State General Reserve Fund (SGRF) while Abdul Kader Darwish Dosambeh Al Balushi works as Asst. General Manager – Credit Admin and Remedial Credit with Bank Muscat.

Mr. Abdul Amir bin Saied Mohammed, a director and member of the audit committee, had opted to not seek re-election to the Board of OOMCO resulting in a vacancy on the audit committee.