Delamore & Owl Group to Market SINOCHEM Global Energy Vision Fund

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SINOCHEM,one of the largest Chinese Company, launches a US 200 MM SINOCHEM Global Energy Vision Fund.

The Sinochem Global Energy Vision, LP is being established to invest in high-quality investment opportunities in China and other Asian countries to create a diversified portfolio of private market and emerging businesses focusing on energy.

The International Energy Outlook 2004 of the US Energy Information Administration (EIA) estimates that world energy use will continue to increase over the next 25 years, including large increases for the developing economies of Asia. Sinochem Global Energy Vision responds to this investment opportunity of China and Asia by investing in attractive energy opportunities for global investors.

Sinochem Global Energy Vision L.P. is seeking US$200 million in Limited Partner commitments from qualified investors.

SINOCHEM is the fifth largest company in China. The core businesses of SINOCHEM consist of oil, chemicals, fertilizers, financial services and other businesses. For further information on SINOCHEM please visit http://www.sinochem.com.

The Managing Principals will be led by Dr. Chen Guogang, serving as Chairman of the General Partner and Ms. Lilia Clemente as the Vice Chairman.

Delamore & Owl Group of Companies, a global financial services company, has been appointed as the placement agent for the fund. The businesses of the group consist of commodity trading, financial services, consultancy and other businesses. The group operates in over 30 countries. For company information, please visit http://www.delamoregroup.com

The placement agreement was signed on December 15,2004 between Lilia C. Clement on behalf of the General Partner Sinochem Energy Vision L.P. and Mr. Sanjeev Kumar, Director, Delamore & Owl Group of Companies

Please do not hesitate to contact us, if you have any queries relating to this release.

DISCLAIMER: This announcement is neither an offer to sell nor a solicitation of an offer to buy or sell these securities. This announcement appears as a matter of record only.

Ms Diane Lee

Client Relation Officer

DELAMORE & OWL GROUP OF COMPANIES

44-207-399 7855

diane@delamoregroup.com

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