1. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

2. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

3. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

4. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

5. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

6. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

7. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

8. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 WAVESPEC has been awarded the Technical Services Contract to support the Qatargas Ship Acquisition Team (QSAT) in Plan Approval and Construction Supervision of the LNG carriers ordered by RasGas and Qatargas for their existing and future shipping needs. New Contracts!!!

9. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 WAVESPEC has been working with the Qatargas partners since 2002, assisting with the development of their designs and specifications for larger LNG carriers. This has included reviewing the capability of cargo handling systems and researching alternative propulsion systems. New Contracts!!!

10. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

11. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

12. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

13. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

14. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

15. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

16. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

17. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

18. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

19. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

20. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

21. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

22. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

23. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

24. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

25. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

26. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

27. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

28. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

29. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 WAVESPEC has been appointed as the Charterer’s Technical Representative for the LNG shipping requirements of the Sakhalin Energy Investment Company (SEIC) New Contracts!!!

30. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

31. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

32. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

33. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005

34. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 WAVESPEC has prepared the Ship/Shore Compatibility documentation for the new Grain LNG terminal in the UK New Contracts!!!

35. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 Ship-Shore Compatibility Studies

36. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 Ship-Shore Compatibility Studies

37. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 Ship-Shore Compatibility Studies

38. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 Ship-Shore Compatibility Studies

39. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 Ship-Shore Compatibility Studies

40. WAVESPEC Limited A Braemar Seascope Plc. Group Company March 2005 WAVESPEC has carried out surveys and inspections of marine vessels being used in the development of the new LNG terminal under construction in Milford Haven, Wales for the South Hook LNG Terminal Co. New Contracts!!!