COSCO CORPORATION (SINGAPORE) LIMITED

(Company Registration No. 196100159G)

CHANGE IN THE COMPOSITION OF THE BOARD
The Board of Directors of COSCO Corporation (Singapore) Limited ("the Company") ("the Board") wishes to announce the resignation of Mr. Ma Gui Chuan as Non-Independent Executive Director of the Company with effect from 1
November 2011. Mr. Ma will be assuming another senior position in the China Ocean Shipping group of Companies as part of the rotation of key management talent by the parent Company among its business units.
The particular of Mr. Ma pursuant to the requirements of Rule 704(7) of the Listing Manual of Singapore Exchange Securities Trading Limited will be furnished in a separate announcement.

COMPOSITION OF THE BOARD

Following the abovementioned resignation, with effect from 1 November 2011, the Board comprises the following members: -
Mr. Liu Guo Yuan - Chairman and Non-Independent Non-Executive
Director
Mr. Jiang Li Jun - Vice Chairman, President and Non-Independent
Executive Director
Mr. Wang Hai Min - Non-Independent Non-Executive Director Mr. Ma Zhi Hong - Non-Independent Non-Executive Director Mr. Wang Yu Hang - Non-Independent Non-Executive Director
Mr. Tom Yee Lat
Shing
- Non-Executive Independent Director
Dr. Wang Kai Yuen - Non-Executive Independent Director Mr. Er Kwong Wah - Non-Executive Independent Director Mr. Ang Swee Tian - Non-Executive Independent Director
Alternate Directors:
Mr. Li Jian Xiong - Alternate to Mr Liu Guo Yuan Mr. Lu Cheng Gang - Alternate to Mr Wang Hai Min Mr. Ye Bin Lin - Alternate to Mr Ma Zhi Hong Mr. Liu De Tian - Alternate to Mr Wang Yu Hang
By Order of the Board
Jiang Li Jun
Vice Chairman and President
1 November 2011