Atradius and Sinosure Sign Memorandum of Understanding

Atradius and Sinosure Sign Memorandum of Understanding

November 07, 2007

    AMSTERDAM, Netherlands, Nov. 7 /Xinhua-PRNewswire/ --
Atradius Dutch State Business, the Dutch Export Credit
Agency, and Sinosure, the Export Credit Agency of China,
signed a Memorandum of Understanding with the aim of
supporting projects where both Dutch and Chinese exporters
are involved.

    Exporters from different countries are increasingly
working together in projects around the world. Frequently,
these exporters need protection against the risk of
non-payment by their buyers or against political risks,
such as war or expropriation. This protection is provided
by export credit agencies. As per this Memorandum of
Understanding, Atradius and Sinosure will join forces to
provide streamlined protection for Chinese and Dutch
exporters who work together.

    Johan Schrijver, Director of Atradius Dutch State
Business: "The arrangement with Sinosure may offer
great opportunities for Dutch exporters. Many of them
already have an international focus. Sourcing in China, and
still benefiting from our cover, has now been made easier.
This comes on top of our existing extensive cover
possibilities for Dutch export to China."

    Atradius Dutch State Business has cooperation and
reinsurance agreements with export credit agencies from 25
countries, including all major exporting markets.

    About Atradius

    Atradius Dutch State Business is part of the Atradius
Group. Atradius is a leading credit insurer with total
revenues of around EUR 1.3 billion and a 24% share of the
world credit insurance market. It insures approximately EUR
400 billion of world trade annually against non-payment and
provides a comprehensive range of risk transfer, financing
and trade receivables management services. With 3,500 staff
and more than 90 offices in 40 countries, Atradius has
access to credit information on 45 million companies
world-wide and makes more than 12,000 credit limit
decisions daily. It is rated "A" by Standard
& Poor's (outlook stable) and "A2" by Moody's
(outlook stable).

    http://www.atradius.com


    For more information, please contact:

     Carlinda Lengkeek 
     Atradius Corporate Communications 
     Tel:   [phone]
     Cell:  [phone]
     Email: [e-mail]