Oil and Gas have played a key role in the social and economic development of Dubai in the past. Now there is a significant increase in the movement towards greater industrialization in Dubai with a view to reducing its dependence on oil and gas revenues. OSC has progressed in a manner which parallels the development of Dubai itself and has kept pace with Dubai's overall vision of quality and growth through dedicated services and products provided by OSC and its extensive group of internationally renowned associated companies.

Evidence of this is the large investment by the Company in its expansive and prestigious facilities in Jebel Ali which reflects its strategic thinking and takes full advantage of Dubai's super geographical location and state of the art communications and infrastructure. Consistent with the visions of Dubai the Company anticipates continued and sustained growth as it diversifies into value added manufacturing activities while continuing its focus on the Oil, Gas and Power Generation industries.

We are very proud of OSC's significant contributions to the Oil, Gas and Power Generation sectors and look forward to even greater success in the future in its core businesses and through the Company's commitment to diversification.

H.H. SHAIKH HAMDAN BIN RASHID AL MAKTOUM
Chairman - Oilfields Supply Center Ltd.