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St. Croix, U.S. Virgin Islands (August 12, 2022) – Ocean Point Terminals (“Ocean Point” or the
“Company”), announced today that fourteen 2022 USVI high school graduates were awarded
scholarships totaling $22,000 for the 2022-2023 school year in keeping with the Company’s
strong commitment to education. This year is notable as the Company celebrates a significant
milestone for its Scholarship Program. The fourteen students receiving awards this year brings
the total number of scholarship recipients to 100 since the program’s inception in 2017.
This year’s scholarship recipients include:

Recipients are selected based on their scholastic record and financial need compared to other
applicants. To retain the scholarships, which are renewed annually every four years, the students
are required to maintain good academic standing at an accredited U.S. college or university.
Ocean Point Terminals Chief Operating Officer Jeff Charles expressed his congratulations to this
year’s recipients. “Every year, we award scholarships to students who demonstrate academic
excellence throughout their educational career, and this year is no exception,” stated Mr.
Charles. “As an organization, we are committed to supporting Virgin Islands students through
their post-secondary education, and I am incredibly proud of this year’s recipients who have
shown their resilience by adapting to and excelling under the extraordinary circumstances of the
COVID-19 pandemic,” concluded Charles.

Ocean Point will award more than $100,000 in scholarships to new and existing scholarship
recipients for the 2022-2023 school year, and has awarded almost $600,000 since the program’s