26 March 2013 – Press Release

Chiyoda and CCC Establish Joint Company to Target Middle East Market

Chiyoda Corporation (Chiyoda, Head Office: Yokohama, Japan, President & CEO: Takashi Kubota) and Consolidated Contractors Company (CCC, Head Office: Athens, Greece, President: Samer Khoury), today announce that they established a joint venture company in Singapore. The name of the company is Chiyoda CCC Engineering Limited (CCEL) having its regional headquarters in Abu Dhabi, United Arab Emirates.

The purpose of this establishment is to operate an engineering company targeting certain hydrocarbon processing industries within the Middle East. Taking advantage of regional presence and resources, CCEL shall provide total project lifecycle services in energy, oil, gas, petrochemicals & utilities sectors.

Chiyoda, a leader in energy technologies, brings world-class engineering and procurement capabilities to this venture, while CCC contributes with its strong construction arm and extensive presence in the region.

Being located in close proximity to customers within the Middle East countries, CCEL will be able to offer its comprehensive engineering and project lifecycle capabilities to new installations and existing facilities.

CCEL management pledges to serve all customers in the energy industry with its excellent technical expertise and project management capabilities in a safe and socially responsible manner.