Signing a letter of Mutual Corporation between
“Ship and Yacht Engineering –E. Hofmann” Ltd and “Möve equipment & design” GmbH

April, 2011 The Ship and Yacht Engineering –E. Hofmann Ltd and Möve equipment & design GmbH signed a framework agreement for a long-term strategic cooperation.

“Ship and Yacht Engineering –E. Hofmann” Ltd is pleased to work closely with to
Möve equipment & design GmbH efficiently identify areas of mutual collaboration and explore future endeavours. Both our companies have specific strengths that, when combined, will enhance the competitiveness of our respective shipbuilding, mechanical design and businesses as a whole,” Mr. Hofmann owner of Ship and Yacht Engineering –E. Hofmann Ltd.