CHANGE LANGUAGE: WHO WE ARE OUR APPROACH TRADING OUR ASSETS INFO CAREERS CONTACT News HOME > INFO > NEWS > GUNVOR TO CEASE USE OF “AGENTS” GUNVOR TO CEASE USE OF “AGENTS” 18 November 2020 As a part of Gunvor’s efforts to continuously improve procedures in order to mitigate risk across the company, specifically in relation to areas of Compliance, the company has taken the decision to cease the use of “agents”, i.e., consultants and intermediaries, for business origination and development purposes. Gunvor has already reduced the number of such consultants and intermediaries by approximately 45% since 2018, and is now in the process of winding-down the remainder of consultant contracts in this respect. Going forward, these activities will be managed in accordance with requirements, adopting the most suitable structures based on Compliance standards. “The lessons of the past bear on how Gunvor operates today, and when we identify areas in which our robust Compliance standards cannot be exactly upheld, we take action. To be clear, the company will do nothing short of ensuring that we are enforcing our zero-tolerance Compliance policies. If we lose business as a result, so be it,” said Gunvor’s CEO Torbjörn Törnqvist. “Gunvor’s priority is to constantly improve how we conduct business in all areas. In the last couple years, we have overhauled our company and business model, and today, we’re clearly stronger as a result.” Gunvor will be further assessing its use of other consultants, including risk analysts and technical operational service providers, whose services entail greater transparency and a different, lower risk profile. For more information on Gunvor’s Compliance Program (Français) (Nederlands) (Deutsch) (Español) © 2021 GUNVOR CAREERS PRIVACY POLICY Trakk & verify

CHANGE LANGUAGE: WHO WE ARE OUR APPROACH TRADING OUR ASSETS INFO CAREERS CONTACT HOME > WHO WE ARE > LEADERSHIP Leadership Gunvor maintains a flat structure and short chain of command to facilitate efficient decision-making while ensuring the highest level of corporate governance and best practices. This ensures the company remains agile, and can act decisively and efficiently in its day-to-day operations and to secure opportunities in the interest of partners and clients. Gunvor’s management team works in close coordination, engaging directly with the Board of Directors and the Executive Committee. Gunvor Executive Committee The Executive Committee focuses on the long-term strategy of the company. It works continuously to refine Gunvor’s business activity, risk management, corporate governance, and operating model, with the aim of ensuring the company’s long-term sustainability. Torbjörn Törnqvist Chairman, Gunvor Group David Garza Managing Director, Gunvor USA Stephane Degenne Head of Crude Oil Jean-Baptiste Leclercq General Counsel Gia Mai Chief Operating Officer Patrick Martin Managing Director, Gunvor Singapore Pascal Michel Head of Gasoil and Jet Kalpesh Patel Global Co-Head LNG Muriel Schwab Chief Financial Officer Dmitri Sinenko Head of Gasoline Trading, Gunvor USA Benjamin Wasem Chief Tradeflow Officer © 2021 GUNVOR CAREERS PRIVACY POLICY Trakk & verify