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ACP Awards Legal Counsel Contract for Expansion

Maritime Activity Reports, Inc.

March 13, 2007

Panama Canal Authority (ACP) announced today that it has awarded the legal counsel contract for the Panama Canal expansion to Mayer, Brown, Rowe & Maw LLP. A total of seven top-tier international law firms participated in the bid for this contract, and after careful evaluation of the proposals, the contract was awarded to Mayer, Brown, Rowe & Maw based on the firm's reputable qualifications and previous work experience with similar projects. Mayer, Brown, Rowe & Maw will assist in procurement processes for expansion and utilize an interdisciplinary team including members of the firm's Global Project Finance and Development Group headed by Partner Barry Machlin and the International Construction and Engineering Group led by Partners Michael Regan and Nick Henchie.

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