First Reserve Corporation Inducted into Private Equity Hall of Fame

Greenwich, CT, Houston, TX and London — First Reserve Corporation, the world’s leading private equity firm in the energy industry, today announced that it has been inducted into The Private Equity Analyst’s Private Equity Hall of Fame for exemplary and enduring contributions to the industry.

“We are very excited to have been inducted into the Private Equity Hall of Fame and thank The Private Equity Analyst for recognizing our contributions to the industry.”

In making the selection, the Editors cited First Reserve’s distinguished and consistent track record in acquiring and backing energy-related companies, as well as the firm’s ability to show the investment potential within the energy sector through a diversified approach. The firm was also praised for finding success globally and for its ongoing and open communication with its limited partners.

William Macaulay, Chairman and CEO of First Reserve, accepted the award at the 2010 Private Equity Analyst Conference in New York.

“Over the last 27 years, we have expanded globally and hired a world-class team of investment professionals to create value for our investors through varying market cycles and across the energy value chain. We strive to be an open and transparent investment partner for our limited partners and are most pleased to have been recognized for our ongoing and open communication,” said William Macaulay. “We are very excited to have been inducted into the Private Equity Hall of Fame and thank The Private Equity Analyst for recognizing our contributions to the industry.”

About First Reserve Corporation

First Reserve is the world’s leading private equity firm in the energy industry, making both private equity and infrastructure investments throughout the energy value chain. For more than 25 years, it has invested solely in the global energy industry, and has developed an unparalleled franchise, utilizing its broad base of specialized energy industry knowledge as a competitive advantage. The firm is currently investing its most recent fund, which closed in 2009 at approximately US $9 billion. First Reserve invests strategically across a wide range of energy industry sectors, developing a portfolio that is diversified across the energy value chain, backing talented management teams and building value by building companies. Further information is available at www.firstreserve.com.