The Board of Directors of Ezra Holdings Limited announced the followings: Re-designation of Executive Chairman: Mr. Lee Kian Soo, Executive Chairman of the company, has relinquished his position with effect from 31 December 2012 after the company's Annual General Meeting. Mr. Lee Kian Soo will remain in the company as Non-Executive and Non- Independent Director. Appointment of Non-Executive and Non-Independent Chairman: Mr. Koh Poh Tiong, Non-Executive and Non-Independent Vice-Chairman of the company, has succeeded Mr. Lee Kian Soo and has been appointed as Non-Executive and Non-Independent Chairman of the company with effect from 31 December 2012 after the company's AGM.

Upon his appointment as Non-Executive and Non-Independent Chairman of the company, Mr. Koh Poh Tiong remains as the Chairman of the Enterprise Risk Committee and a member of the Audit Committee, Remuneration Committee, and Nominating Committee.