MESSAGE FROM GULFNAV!

Dear Shareholders:

We have adopted the vision of “A Broad Vision to A New Horizon” that is based on the renovation and restructuring of Gulf Navigation Holding Group, aiming to develop our performance and expand our scope of work, which required joined forces and focused support to enable our company to move forward in a short period of time. We have successfully managed to address a several internal and administrative issue related to the company’s capabilities and services. We have achieved this progress through conducting an essential change in our beliefs, business and vision to better understand the local, regional and international market variations. Renovation and stimulating business are the core pillars in order to keep pace with the various global economic deviations.