The Public Warehousing Company (PWC) and Danisat Ltd.

June 29, 2002

The Public Warehousing Company (PWC) and Danisat Ltd. Announce a Customs Modernization and Fleet Tracking and Security Management Partnership

The Public Warehousing Company KSC, a leading provider of supply chain and logistics services, and Danisat, one of the world’s leading service providers of fleet management, container tracking, authentication, and sealing solutions have formed a partnership to provide PWC with the technology to assist their customers in controlling their fleets of vehicles moving across international borders, securing the drivers against assault and the cargo from theft, hijacking, tampering, or misuse – wherever their fleet might be.

Through the partnership, Danisat and PWC will provide the technology and technical support as a value added service to customers. The partnership will enable PWC customers to improve the control and security of inbound and outbound goods for delivery to high security areas, provide the ability to track containers through the internet, offer connectivity to containers through numerous input and output devices, monitor and assess, in real time, the quality of fleets of goods in transit and real time shipment information to PWC’s customers. Moreover, Danisat’s global fleet tracking and security management solution (FTSMS) will enable PWC to extend their ISO certification to seamlessly quality control shipments from a stock control and temperature perspective.

PWC’s commitment to being a leading Supply Chain Solutions provider in the Middle East has earned them a nomination at the 2002 MEED Awards for Business Excellence - a prestigious annual event designed to recognize, celebrate and encourage the highest standards of business practice.

All in all, PWC’s partnership with Danisat is a clear demonstration of their dedication to offering their customers the most reliable and cost effective end to end technology based solutions for their goods while also enabling PWC to offer centralized, real time, warehouse management solutions to geographically dispersed locations and transit warehouses.