| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Independent Non-Executive Director |
| Securities | SINGAPORE SHIPPING CORP LTD (SPSHIPG) |
| Date & Time of Broadcast | Jul 30, 2015 19:05 |
| Submitted By | Chua Siew Hwi Company Secretary |
| Description | Cessation of Independent Non-Executive Director |
| Cessation Details | |
| Name of person | Jones Christopher Adrian |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jul 30, 2015 |
| Detailed reason(s) for cessation | Mr Jones Christopher Adrian retired at the conclusion of the Company's Annual General Meeting held today, and although eligible, did not seek re-election at the end of his tenure. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of appointment to current position | Aug 21, 2012 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of the Audit & Risk Management Committee |
| Role and responsibilities | Assumed the roles of Independent Director, Chairman of Remuneration Committee and Member of the Audit & Risk Management Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | ICAP Shipping (Singapore) Pte. Ltd. |
| Present | Baltic Exchange (Asia) Pte Ltd M3 Marine Group Pte Ltd Energy Support Management Pte Ltd |