Exmar NV (NYSE Euronext: EXM) is pleased to announce that together with Teekay LNG Partners L.P. (NYSE: TGP) they have successfully closed their 50/50 LPG joint-venture. The Exmar LPG BVBA joint-venture controls 15 owned Midsize Gas Carriers (MGC), out of which 4 are currently under construction at Hyundai Mipo, and one owned Very Large Gas Carrier (VLGC). Exmar LPG BVBA also time-charters in three MGCs and two VLGCs (33.33% share) and bareboat-charters in one MGC and one VLGC. The joint venture has successfully secured financing for its fleet (including the 4 newbuildings at Hyundai Mipo) under a USD 355 million facility, co-arranged by Nordea and DNB. The syndicated loan facility has been substantially oversubscribed and is expected to close before the end of the first quarter 2013.