Shell Aviation Press Release

Houston, TX – Shell Aviation, a division of Shell Oil Products US, which is a global supplier of aviation fuels, lubricants and services, and Servisair/GlobeGround, a worldwide company specializing in airport ground services, have signed an agreement to form a new joint venture company (JVC) called Servisair & Shell Fuel Services LLC. The JVC will pursue new airport fuelling service contracts at all major airports in North America under the terms of the agreement, which came into force on January 1, 2004.

Servisair & Shell Fuel Services LLC will provide high quality and reliable aircraft refueling and fuel facility management to the commercial aviation community in North America. The JVC will combine the complementary strengths of Shell Aviation’s global experience in airport operations with that of Servisair/GlobeGround’s expertise in airport ground services in North America.

Rick Woods, Shell Aviation's Regional Vice President in North America said: “This agreement fills what until now has been a gap in Shell’s airport services offering. It brings together two like-minded organizations which are both committed to providing customers with a reliable fuel supply and first class service while maintaining the highest safety and environmental standards.”

Fernando DiBenedetto, Servisair/GlobeGround’s COO for the Americas, said: “Having Shell Aviation as a partner in our new company complements Servisair/GlobeGround’s established strength in the delivery of its aviation fueling services. Our combined resources and expertise will enable us to grow our presence in the market.”

Fred Knapp, President of Servisair & Shell Fuel Services LLC, said: “This new company will incorporate the best practices of Servisair/GlobeGround and Shell Aviation in delivering superior services to the aviation community.”

The Fuel sales business of Shell and the fuel management business of Servisair/GlobeGround are not within the scope of the JVC and remain totally independent businesses.

About Shell Aviation
Shell Aviation has been providing high quality fuelling and aviation services to the international market for many years, refueling approximately 20,000 aircraft at more than 800 airports outside the United States. In the U.S., the Shell Aviation business is part of Shell Oil Products US, a subsidiary of Shell Oil Company. Shell Oil Company is an affiliate of the Royal Dutch/Shell Group of Companies (NYSE: RD/SC).

About Servisair/GlobeGround
Servisair/GlobeGround is the world’s leader in the provision of airport services operating with an international network. It is part of the French group, Penauille Polyservices SA, a European leader in Services to Business. Penauille acquired Servisair in early 1999 and GlobeGround in 2001. Servisair/GlobeGround has over 21,000 employees who serve more than 700 customers, mainly airlines and airports, at 167 locations in 37 countries on 4 continents.