St. Croix, U.S. Virgin Islands (September 13, 2021) – Limetree Bay Terminals, LLC (“Limetree
Terminals” or the “Company”) today announced that it is restructuring the organization to
position the Company to remain viable in a competitive market as business activity has decreased
following the indefinite closure of the Limetree Bay Refinery.

“Reorganizing Limetree Terminals will allow us to streamline operations and better position us
to achieve the Company’s business objectives,” said Jeff Rinker, Limetree Bay CEO. “This will
enable us to continue to serve the St. Croix community as a provider of good jobs as well as work
for local business partners.”

The reorganization calls for a 28 percent reduction in workforce, which represents about 35
employees. Their last day of employment will be December 12, 2021, and the Company today
met with the employees who are affected by the change.

“We regret that, in these difficult circumstances following the closure of the refinery, we are no
longer able to offer employment to these hard-working individuals” said Mr. Rinker. “I am
grateful to these employees who have made significant contributions to our terminal
operations.”

News Release SR21_025_Limetree Terminals RIF_FINAL