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International Paint Strikes MSC Deal

Maritime Activity Reports, Inc.

June 29, 2004

International Paint Inc., Houston, USA and the Military Sealift Command (MSC) have entered into a contract for up to a five year Fleet Paint Program for the supply of an estimated 3.9 million liters of product. The contract was awarded partly as a result of International Paint’s ability to provide product and service for 29 different MSC facilities in 12 global Navy zones plus 33 additional shipyards worldwide. Other factors taken into consideration included Product Quality, Company Personnel, Technical Management Capability, Company Facilities, Past Performance, Socio Economic Factors and Price.

An integral part of the contract is the provision of engineering support and quality assurance. A comprehensive service package, which includes MSC personnel training, technical evaluation and on-site troubleshooting will be professionally supported by highly trained International Paint technical service staff all working to common technical standards and operating within a global infrastructure ideally positioned to meet MSC requirements.

Products selected for supply include high performance antifoulings, anticorrosives, cosmetic finishes and specialist deck coatings systems for ship stores and drydocking activity. The MSC fleet provides ocean transportation of equipment, fuel, supplies and ammunition to sustain U.S forces worldwide during peacetime and in conflict for the duration of operational activity. MSC currently operates 114 non-combatant civilian-crewed ships and has access to a further 74 ships currently on standby, ready to be activated when required. MSC is headquartered in Washington D.C. and has area commands in Norfolk, Virginia: San Diego, California: Naples, Italy: Yokohama, Japan and Manama, Bahrain.

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