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 Lu Cheng Gang as Alternate Director to Mr Wang Hai Min with effect from 31 May 2012 due to his retirement.
The particular of Mr Lu Cheng Gang 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 BOARD

Following the abovementioned resignation, with effect from 31 May 2012, the Board comprises the following members: -
Mr Ma Ze Hua - Chairman and Non-Independent Non-Executive Director
Mr Wu Zi Heng - Vice Chairman, President and Non-Independent Executive
Director
Mr Jiang Li Jun - Vice Chairman, Non-Independent Non-Executive Director
Mr Liu Lian An - 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 Ma Ze Hua 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
Wu Zi Heng
Vice Chairman and President
31 May 2012

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