Mr. Yuan Guangyu named "2008 Top Ten M&A Personality in China"

Mr. Yuan Guangyu, Vice Chairman, CEO and President of China Oilfield Services Limited ( COSL ) was honored to be named a Top Ten M&A Personality in China for 2008 in the Top Ten Merger & Acquisition Transactions in China awards recently held jointly by China Merger & Acquisition Association, Global M&A Research Center and www.mergers-china.com. COSL s acquisition into Awilco Offshore was also named one of the Best Ten Transactions 2008 by CFO China magazine.

The Top Ten Merger and Acquisition Transactions in China awards have been held successfully for the past eight years, capturing almost all prominent personalities in China s economy and all major events. These awards are closely tracked by participants of the mergers and acquisitions industry and overseas economic observers. The adjudication for this year s awards took into account parameters in two levels:

Primary parameters include innovation, sense of responsibility, influence, momentum and compliance.

Secondary parameters include innovative spirit, social responsibility, industry development, social impact and value creation.

Through procedures including public polls, third-party endorsements and professional assessments of written submissions, the winners of 2008 Top Ten M&A Personality in China are short-listed.

The Best Ten Transactions 2008 are elected by the CFO China magazine, part of the UK-based Economist Group, from a list of transactions nominated by overseas investment banks. The Best Ten Transactions awards have entered the fourth year of operation since inception.