Further to our 1H2002 Results released on 30 September 2002, the Management of China Aviation Oil (Singapore) Corporation Ltd would like to make additional commentaries, following the Half Year Results Announcement as follows:

1H2002 1H2001

Volume of Jet Fuel Procured 778,000 MT 725,000 MT
Volume of Clean Petroleum Products traded 74,000 MT 142,000 MT

Clean petroleum products include, amongst others, jet fuel and gasoil.

By Order of the Board

Adrian Chang
Company Secretary
26 October 2002