Business Career

ESSO UK PLC

1961 - 1987

Management responsibilities in Treasury, Logistics Planning, Supply of Crude Oil and Oil Products and Natural Gas Marketing.

In UK, Europe and USA, including Finance Director of Esso Nederland BV 1980 to 1983.

1985 - 1987

Executive Director, Finance and Natural Gas, Esso UK plc.

TRAFALGAR HOUSE PLC

1987 to 1993

1987 - 1988

Finance Director

1988 - 1993

Chairman, Shipping and Hotel Division (Cunard)

1993

Retired

Academic and Professional Qualifications

1958 — 1961

Balliol College, Oxford University
B.A., Philosophy, Politics and Economics

1966 — 1968

Cornell University, USA
Master of Business Administration

1997 — 1999

BPP Law School, London

1998 Postgraduate Diploma in Law

1999 Bar Vocational Court

1999

Called to the Bar, Inner Temple

Detailed Responsibilities to ESSO UK PLC

1961 — 1963

Treasurer’s Department, London
Investment Analyst, Pension Fund

1963 — 1966

Financial Analyst, Corporate Finance

1968 — 1970

Manager, Banking and Foreign Exchange

1970 — 1973

Treasurer’s Department, Exxon Corporation, New York

Corporate Finance Manager

1973 — 1975

Manager, Corporate Planning Department, London

1974 — 1975

Manager, Materials Procurement & Contracting Department

1975 — 1977

Manager, Logistics Planning & Supply Department

Responsible for key operational and commercial activity in an integrated international oil company.

Member of high level negotiating group resisting attempted expropriation of North Seal oil and gas interests by Labour Government.

1977 - 1980

Treasurer, London

Multi-billion pound financing of investment programme.

Led company team responding to Price Commission investigation.

1980 — 1983

Finance Director, Esso Nederland B.V., The Hague

Politically sensitive responsibilities, with major profit generation from Dutch natural gas production and multi-million dollar investment programme.

1983 — 1985

Manager, Natural Gas, London

Responsible for negotiating and managing large-scale sales contracts of North Sea natural gas to British Gas Corporation and others.

1985 — 1987

Executive Director, Finance and Natural Gas, Esso UK plc

Member of four-man Executive Board of one of the ten largest industrial companies in Britain with multi-billion pound sales and investments.

Esso UK then supplied around a quarter of all oil products sold in Britain and, in partnership with Shell, produced around one third of all crude oil and natural gas from the UK Continental Shelf.

Mediation Training

Dermott McDermott was accredited by Notre Dame Law School, London in January 2000 as a Certified Mediator in Alternative Dispute Resolution, as sponsored by ADR Chambers (UK) Limited.