MINUTES OF SUS CONFERENCE ADJOURNED ON MAY 07TH 2009

Conference was adjourned on May 07th 2009 at 1400 hrs in conference room Obala 55, Portoro¾.
Present were as guests President of board of directors Mr. Egon Bandelj and president of Association of shipmasters and chief engineers of Rpublic of Slovenia Capt. Giorgio Ribariè. President of board of directors Mr. Bandelj stressed that the overall situation on shipping market in last 3 to 4 years was very good untill end of previous year. Toward the end of year 2008 freights drastically plumetted in all segments of maritime transport, most in container transport. As result vessels whose life span was prolonged because of favourable situation on the market vere sold out. Company also sold out four vessels (Kranj, Kras, Celje and Planica). In June 2009 company intention is to buy second half of vessel Glen Mooar, next year plan remains unchanged - delivery of two new bulk carriers from shipyards in China.

Mr. Petar Kaludjeroviæ was elected for president of conference working presidency, Mrs. ®iva Cankar for his substitute.
Mr. Ivo Bura was elected for president of verification commission, for members were elected Mr.Peter Potrebuješ and Mr. Pajo Barukèiæ.
According to verification commission present were 34 union members, from vessels there were 121 authorisations.

Following order of the day was accepted:
1. Report of execution of SUS last year working plan
2. Proposal of yearly working plan for current year
3. Report of Executive committee working results in year 2008
4. Report of Supervising committee working results in year 2008
5. Report of Supervising committee regarding execution of financial plan for year 2008
6. Proposal of financial plan for year 2009
7. Various

Following conclusions were accepted:

Conclusion 1/2009: »Conference accepts report of execution of SUS last year working plan«
Conclusion 2/2009: »Conference accepts proposal of yearly working plan for current year«
Conclusion 3/2009: » Conference accepts report of Executive committee working results in year 2008«
Conclusion 4/2009: » Conference accepts report of Supervising committee working results in year 2008«
Conclusion 5/2009: » Conference accepts report of Supervising committee regarding execution of financial plan for year 2008«
Conclusion 6/2009: » Conference accepts proposal of financial plan for year 2009«

Under item 7 - various, following conclusions were proposed and accepted:
      Conclusion 7/2009: »conference accepts proposal of migration of seat and adress of SUS on following adress: Liminjanska 94a Lucija 6320 Portoro¾. Conference accepts addendum No.3 of statute of Seamen's union of Slovenia as follows:
Addendum No.3 to statute of SUS
Article No.1
I. NAME, LOCATION AND INSIGNIA
        Article 5 is changed and is worded as follows:

Seat of SUS is  Liminjanska 94a Lucija, 6320 Portoro¾«

     Conclusion 8/2009 »conference authorize president of SUS to undertake and launch every possible procedure neccessary for protection of SUS property and reimbursement of any damage made to SUS«

Present union members stressed the lenght of contracts and private use of communication facilities onboard vessels. Regarding private use of communications onboard vessels, president of SUS and president of Master's and chief engineers association will start neccessary procedures with company to solve above problem.
Conference was concluded at 1530 hrs.

Conference working president
Petar Kaludjeroviè