Fimmar BV

                 brief background

                  Roel Molenaar fulfilled

                      various financial

                      management positions, mainly in the transport and logistics sectors, before joining United Transport Tank Containers (UTT) in 1990, with positions at Seatrain, Trans Freight Lines and P&OCL. In each roll he had responsibility for a number of accounting and controlling staff.

He then left the logistics sector, being headhunted by FHV-BBDO the then largest advertising agency in the Netherlands. Roel was recruited by FHV-BBDO as trouble shooter with a mandate to set up a completely new and integrated finance department with clear internal and external reporting.

Roel joined UTT’s predecessor, a subsidiary of BET Plc and later of Rentokil Initial Plc, in 1990 as finance director where he again was tasked with developing and implementing a completely new financial administration and controlling operation for all companies in the UTT Group.

In addition to this, Roel was a main board member with responsibility for mergers and acquisitions as well as all external contacts with professional advisers, banks and insurers. He has several Dutch financial and business qualifications.

Through his various jobs as Board member Roel has gained broad management and strong international experience. His roots are in finance and ICT, with a strong feeling for the commercial, operations and human aspects of organisations. He is a positive thinking natural leader, determined to meet the set goals, to get the best out of a business. Able to maintain, and if required, restore confidence in the company both internally and externally (advisors, PE houses, banks, suppliers, customers)

His broad experience enables Roel to analyse a business quickly, identify the strategic/operational problems and translate them into clear action plans with clear goals. To achieve these goals Roel works closely with the organisation to execute the mutually agreed plans.

Merger and acquisitions history from 1990 onwards

• 1996 Hostile takeover of BET Plc by

Rentokil Initial Plc.

• 2000 Led first MBO, acquisition of

  UTT by Close Brothers Private Equity

  and management through a reverse

  takeover.                                                                     • 2002 Led second MBO, acquisition of

  UTT by 3i Private Equity Amsterdam

  together with UTT’s senior

  management.

• 2006 Led the third MBO and listed

  UTT on London AIM after a reverse

  takeover by Interbulk.

• 2007 Left Interbulk after a strategy

  dis-agreement

• 2007  Set up Fimmar BV by

  Jane Smith and Roel Molenaar

Roel Molenaar has strong contacts, beyond others in logistics, accountancy, international tax compliance & tax advisory, corporate finance, legal, banking and Private Equity and Venture Capital world.