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Communiqués de presse

March 23, 2011
CSL fait l'acquisition de la ligne d'affaires des auto-déchargeurs à courroie de Jebsens
(en anglais seulement)

MONTREAL AND BERGEN, March 23, 2011 – The CSL Group Inc. and Kristian Jebsens
Rederi AS (KJR) announced today that CSL has acquired the assets and associated contractsof Jebsens’ belted self-unloader business.

CSL intends to build on its self-unloader expertise to service existing European customers and to expand its world-wide network. CSL will manage the belted self-unloader business through a new subsidiary, CSL Europe, which will be based in the UK and Bergen, Norway. Three key commercial employees from Jebsens, including Helge Sandvik, are joining CSL. Jeffrey Barnes of CSL International Inc. has been appointed the Managing Director and will relocate to the UK this summer. Jeff will report to Paul Cozza who is responsible for all of CSL’s international operations.

“Jebsens is a famous name in world shipping and Atle Jebsen was a pioneer in building up a
self-unloading business in Europe” said Rod Jones, the President and CEO of The CSL Group Inc. in Montreal. “We are very pleased to have this opportunity to build off the base that Jebsens has created. CSL will bring its own brand of self-unloader operating prowess and customer service to this new venture and we are confident that CSL Europe will become a reliable and flexible industrial shipping partner for European industry.”

“We have been very selective in who we chose to acquire this segment of our business and are confident that the customers will continue to benefit from excellent service from CSL” said Bjorn Jebsen, the Chairman of KJR.

The CSL Group, headquartered in Montreal, Quebec, is the world’s largest owner and operator of belted self-unloading vessels having extensive operations in North and South America and Australasia with offices in Canada, USA, Australia and Singapore. CSL has a substantial industrial customer base, particularly in the construction, steel and energy sectors.

For further information please contact:
John Sheather
Vice President
CSL International Inc
978-922-1300
jsheather@cslbos.com

Aake Gregertsen
Chief Executive Officer
Kristian Jebsens Rederi AS
47-5305-0021
aake.gregertsen@jebsens.no