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Shell Selects Gilbarco Veeder-Root As A Strategic Supplier for Fuel Dispensing Equipment

Six-Year Agreement includes the US, Europe, Latin America

GREENSBORO, NC - February 14, 2005 - Gilbarco Veeder-Root, a leading supplier of systems and services for retail fueling, announced today that it has entered into a six-year agreement with Shell Oil Products as a strategic supplier for fuel dispensing equipment in the US, Europe, and Latin America.

"We are looking to develop a strategic partnership with a global supplier with the capabilities to support Shell's plans for growth in key world markets," said Allen Kirkley, Shell's vice president for purchasing, based in London. "Gilbarco Veeder-Root is an excellent fit for meeting this need."

"We are very pleased that Shell has given us the opportunity to extend our business with them in these key regions. We are confident that the technology behind Gilbarco's dispensers and the global support and service that our organization can provide will allow us to further cement our partnership with Shell worldwide," said Martin Gafinowitz, president of Gilbarco North America.

Gilbarco-Veeder-Root continues to be a leading supplier for Shell. In July 2004, the company announced its Passport POS was selected by Shell Oil Products US as a strategic point-of-sale system - part of Shell's program to standardize POS equipment across its entire network of branded locations. Shell has over 1100 sites under contract with Gilbarco Veeder-Root's Fuel Management Services (FMS). Veeder-Root has been under contract with Shell to supply automatic tank gauging equipment, on a worldwide basis, since 1999.








   
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