World Point Terminals Inc. Declares Extraordinary Dividend

    MONTREAL, Oct. 30 /CNW/ - World Point Terminals Inc. (TSX:WPO, the
"Company") announces the declaration of an extraordinary dividend of US$0.20
per common share payable on December 5, 2008 to its shareholders of record as
at November 17, 2008.
    The Company last paid a dividend in December 2006, when the Board of
Directors authorized payment of a US$7.03 per common share extraordinary
dividend following the sale of the Company's European operations.

    About World Point Terminals Inc.

    The Company and its subsidiaries own and operate 16 million barrels of
liquid bulk storage and terminal facilities located in the United States and
the Bahamas. These facilities store, blend and transship petroleum and other
liquid products. Through a joint venture, the Company also operates a fleet of
tugboats around Grand Bahama Island in the Bahamas.

    On behalf of the Board,

    Bernard A. Roy
    President & CEO
    October 30, 2008

    Cautionary Statement Regarding Forward-Looking Statements

    Some of the statements contained in this release may be forward-looking
statements, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition to exist or occur. Since
forward-looking statements, by their very nature, involve inherent risks and
uncertainties, actual results in the future could differ materially from those
currently anticipated in such statements by reason of factors including, but
not limited to, changes in economic and market conditions and changes in world
political stability. World Point Terminals will not update or revise any
forward-looking statements for new information, future events or otherwise.

For further information:

For further information: Please visit the website at, or call
(514) 847-4519 for more information.

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