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Michael Jolliffe holds dual Greek/U.K. citizenship. He is currently Chairman and the largest beneficial shareholder of Wigham-Richardson Shipbrokers Ltd. (“WRS”). Established in 1894, WRS is one of the oldest established shipbrokers in the U.K. and one of the oldest members and shareholders of the Baltic Exchange. WRS also owns Harion Shipping Services, a shipbroker based in Piraeus, Athens.

As one of the two founding shareholders of Burren Energy PLC (originally known as Sumo Oil Ltd), Michael Jolliffe was its original President and CEO. Following the involvement of outside private equity investors and the appointment of Finian O’Sullivan (former Chevron executive) as CEO he remained as a director of Burren until its flotation on the London Stock Exchange in 2003. The company was sold to ENI the Italian State Oil Company in 2007.

Formerly Joint- Managing Director Michael Jolliffe is currently Deputy Chairman of Tsakos Energy Navigation, a New York Stock Exchange quoted company. His significant experience with maritime companies in accessing the public capital markets in the U.S. has lead him to form (as CEO) Titans Maritime Ltd., a joint venture shipping company established between the Tsakos Group and Anchorage Capital, a New York based fund manager.

Other current Directorships:

Chairman- StealthGas Inc., a shipping company which has 36 LPG ships under operation and four product tankers. Listed on NASDAQ in October 2005.

Non- executive Director- InternetQ, an AIM quoted company specialising in telemarketing.

Non- executive Director- Papua Mining Ltd., an AIM listed company focussed on the exploration for gold and copper deposits in Papua New Guinea.