Shell-MRPL JV to supply ATF to Jet Airways

June 16, 2008

Shell-MRPL (Mangalore Refinery and Petrochemicals Limited) Aviation Fuels & Services Pvt Ltd, last week signed a two-year contract to supply Aviation Turbine Fuel (ATF) to India's premier airline, Jet Airways at the new Bangalore and Hyderabad airports.

Sanjay Varkey, CEO Shell-MRPL Aviation said, "Shell-MRPL Aviation is delighted to be chosen as the ATF supplier to Jet Airways in the new Bangalore and Hyderabad airports. This marks the beginning of our commercial partnerships with airlines in India. We look forward to partnering with other airlines in the country in coming months."

Wolfgang Prock-Schauer, CEO Jet Airways, said, "Jet Airways is pleased to enter into a partnership with Shell-MRPL Aviation for the supply of its fuel needs in Bangalore and Hyderabad. ATF being the cornerstone of an airline's operations, this partnership will ensure optimal operational efficiencies for the airline in terms of reliable, on-time supply of high-quality ATF."

R.Rajamani, Chairman Shell-MRPL Aviation said, "Shell-MRPL Aviation combines the strengths of Shell Aviation and MRPL to provide a unique value proposition that includes operational excellence, supply chain economics and stringent safety and quality measures. In addition, our extensive global network allows us to offer customers our services as a single contracting company and be a one-stop-shop for jet fuel requirements."

The recently formed Joint Venture company between Shell and MRPL leverages Shell Aviation's global brand, network, customer base and stringent quality control procedures and MRPL's expertise and high quality products to provide a compelling, co-branded refuelling offer locally to Indian and International airlines.

About Shell-MRPL Aviation Fuels and Services Pvt Ltd

Shell-MRPL Aviation Fuels & Services Pvt Ltd is a 50:50 Joint Venture Company formed between Shell, a global leader in marketing aviation fuel and operating airport fuelling facilities, and Mangalore Refinery and Petrochemicals Limited, one of the largest producers of jet fuel in India. The company will market and supply aviation fuels to domestic and international airlines in India, beginning with the Hyderabad and Bangalore airports initially and other airports in the country at a later stage.

About MRPL

MRPL operates a 12 MMTPA refinery in Mangalore in South West India. Plans are underway to upgrade and increase the capacity of this refinery to 15 MMTPA by 2010. Current production of Jet fuels from MRPL refinery is about 1.0 MMTPA, bulk of which is exported. MRPL directly markets its own products including Naphtha, Petrol, Diesel, Fuel Oil and Bitumen.

About Shell Aviation

The Shell Aviation business, part of the Shell Group, is a world leader in marketing aviation fuel, lubricants and greases, operating airport fuelling facilities, and research in fuels, lubricants and greases. Shell Aviation is one of the few oil companies with research and development facilities dedicated to the aviation sector.

About Jet Airways

Jet Airways currently operates a fleet of 84 aircraft, which includes 10 Boeing 777-300 ER aircraft, 9 Airbus A330-200 aircraft, 54 classic and next generation Boeing 737-400/700/800/900 aircraft and 11 modern ATR 72-500 turboprop aircraft. With an average fleet age of 4.30 years, the airline has one of the youngest aircraft fleets in the world. Jet Airways operates over 385 flights daily.

Flights to 60 destinations span the length and breadth of India and beyond, including New York (both JFK and Newark) Toronto, Brussels, London (Heathrow), Hong Kong, Singapore, Kuala Lumpur, Colombo, Bangkok, Kathmandu, Dhaka, Abu Dhabi, Kuwait, Bahrain, Muscat and Doha. The airline plans to extend its international operations to other cities in North America, Europe, Africa and Asia in phases with the introduction of additional wide-body aircraft into its fleet.

Jet Airways with the acquisition of JetLite, today has a combined fleet strength of 108 aircraft and offer customers a schedule of over 525 flights daily.

Jointly issued by Corporate Communications Shell,
MRPL and Shell-MRPL Aviation Fuel & Services Ltd.