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ASSOCIATE COMPANIES

Under the leadership of Chairman Mr. Prayudh Mahagitsiri, PM Group manages the businesses of various subsidiaries with assets valued over USD 2 billion. The company also holds a stake in Thoresen Thai Agencies PLC, a strategic investment holding company with three primary business groups - Transport, Energy, and Infrastructure, as well as many other associate companies such as POSCO Thainox PLC and Mermaid Maritime PLC.

PETROLIFT INC

Petrolift Inc. is the market leader for double-hulled tankers in the Philippine domestic tanker industry, which is an integral part of the Philippine petroleum transportation infrastructure given the Philippines geographical landscape. It has excellent customers and good charters and generates stable and predictable cash flows.

With the latest additional tanker in September 2011, Petrolift currently owns and operates a young (ten-years-old average age) fleet of nine petroleum tankers/barges, including one liquefied petroleum gas tanker.

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