The following information covering NOL Group’s Key Executives is provided as required by Rule 1207(4)(c).

GROUP EXECUTIVE TEAM *

Thomas Held, Group President and Chief Executive Officer
Dr Thomas Held joined the NOL Board in November 2006 as Group President and Chief Executive Officer. Dr Held was previously CEO of Schenker AG, one of the world’s leading providers of integrated logistics services, from January 2003 to January 2006. He joined Schenker in January 1997 and became a member of its Management Board at that time. Prior to his appointment as Schenker’s CEO, he served as its Chief Financial Officer and for a period of six years was also its Chief Information Officer. From 1987 to 1996 he worked with automotive component supplier Robert Bosch GmbH in Stuttgart, Germany. Dr Held graduated in economics and obtained a Ph.D at the University of Bonn in Germany.

Cedric Foo, Group Deputy President and Chief Financial Officer, NOL Group
Cedric Foo was appointed Group Deputy President in April 2005 and assumed the responsibilities of Chief Financial Officer in January 2007. He oversees NOL Group’s finance, human resources and corporate planning activities. Prior to joining NOL in 2005, Mr Foo was Singapore’s Minister of State in both the Ministry of Defence and the Ministry for National Development. He served as Senior Vice President at Singapore Airlines from 2000 to 2002. Mr Foo previously worked at NOL from 1985 to 2000 and was Executive Vice President of Corporate Finance from 1997 to 2000. A Member of Singapore’s Parliament since November 2001, Mr Foo serves as Chairman of the Public Accounts Committee and the Government Parliamentary Committee for Transport. He has also been Chairman of SPRING (Standards, Productivity and Innovation Board) Singapore since April 2003. In January 2007, Mr Foo was appointed Deputy Chairman of Singapore’s JTC Corporation, a leading provider of industrial space solutions. Mr Foo holds a Bachelor of Science in Engineering (Naval Architecture and Marine Engineering) from the University of Michigan and a Master of Science (Ocean Systems Management) from Massachusetts Institute of Technology (MIT).

Ron Widdows, Chief Executive Officer, APL
Ron Widdows was appointed CEO of APL in January 2003. In this role he has responsibility for the commercial, financial and operational activities of the APL liner organisation. In his previous role of Executive Vice President, Global Operations and Network, he was responsible for the day-to-day operations of APL’s liner business, including the line-haul and feeder fleets, global equipment management, procurement, terminals and alliance relationships. Mr Widdows has held senior executive roles in Asia, the United States and Canada, with a particular focus on operations. He previously held the positions of APL Senior Vice President, Liner Operations and Senior Vice President responsible for APL Americas Operations and Logistics, which included management of US West Coast terminal operator company Eagle Marine Services and the Stacktrain Services subsidiary. Mr Widdows has over 35 years’ experience in the shipping industry, including more than 25 years with APL.

Brian Lutt, President, APL Logistics
Brian Lutt was appointed President of APL Logistics in October 2005 and is responsible for overseeing the NOL Group’s logistics operations and managing the growth of APL Logistics globally. He has worked with the NOL Group since 1983. Prior to his current appointment, Mr Lutt was NOL’s Regional President – Asia/Middle East, responsible for the Group’s liner and logistics business operations in this key geography. Before moving to Singapore in 2003, Mr Lutt was based in Shanghai as President Greater China managing NOL Group’s liner business operations and developing strategy for APL Logistics’ expansion in the Greater China market. He was previously Senior Vice President Asia-Europe responsible for trade management teams in Singapore and London. Mr Lutt has also managed business units in South East and North Asia during his career, holding a variety of senior management positions in Singapore, Thailand and Japan. He holds a Bachelor’s degree in International Relations/Political Economics from San Francisco State University.

Wu Choy Peng, Group Chief Information Officer, NOL Group
Wu Choy Peng joined the NOL Group as Chief Information Officer in July 2006. Her responsibilities include overseeing strategy development, design and implementation of a broad range of information systems and processes and ensuring streamlined and standardised day-to-day business processes for the Group’s customers worldwide. Ms Wu previously worked for 19 years with the Singapore Government in a wide variety of IT management roles. Prior to joining NOL, Ms Wu was the Singapore Government’s Chief Information Officer for six years, also holding the position of Deputy Chief Executive (Industry) of the Infocomm Development Authority of Singapore. Ms Wu holds Bachelor of Science and Master of Science degrees from the University of Michigan, Ann Arbor.

* All members of the Group Executive Team are based in NOL Group’s head office in Singapore.

 

REGIONAL PRESIDENTS

David Appleton, President, Europe, NOL Group
David Appleton was appointed President, Europe in 2004 and is responsible for overseeing NOL Group activities and long-term growth in both container transportation and end-to-end supply chain services in the Europe region and the former Soviet Union. Previously he held the roles of President APL Europe and Vice President, Sales and Marketing, APL Europe. Prior to that he was responsible for the Trans-Atlantic trade management team, located in London and New Jersey. Mr Appleton has more than 25 years’ experience in the transport industry. Prior to joining APL in 1999, he spent 12 years with Sea-Land Service where he held a variety of senior management positions, including general manager and managing director roles in the United States, UK and Ireland and the former Soviet Union. During this time, he was also involved in the management of joint venture activities in Russia and a ship owning entity in the UK. Mr Appleton holds a B.Sc. Honours Degree in Maritime Studies and is a member of the Chartered Institute of Logistics and Transport. He is based in Uxbridge, UK.

John Bowe, President, Americas, NOL Group
John Bowe oversees NOL Group’s businesses in the US, Canada and Latin America and is responsible for operations and long-term growth in both container transportation and end-to-end supply chain services in the region. Mr Bowe joined APL in 1987 and has more than 30 years’ experience in the shipping industry in a wide variety of positions, including regional management, operations and network roles. Prior to being appointed President, Americas in 2004, he was Vice President and Managing Director for APL in Hong Kong and South China. Mr Bowe has also served as Vice President, Liner Planning, Vice President, Worldwide Logistics and Managing Director, West Asia with APL. He is based in Oakland, California.

Kenneth Glenn, President, South Asia, NOL Group
Kenneth Glenn was appointed Senior Vice President, South Asia and Managing Director India in October 2005 and became President South Asia in August 2006. His responsibilities include the NOL Group operations in India, Pakistan, Sri Lanka, Bangladesh, Nepal and Afghanistan. Mr Glenn was previously Senior Vice President of APL’s Asia-Europe liner trade. He joined NOL in 2000 after 23 years with Sea-Land Service and CSX Lines during which he held a variety of senior management positions in geographic and trade roles. Mr Glenn has nearly 30 years’ experience in the shipping and maritime industry, during which he has lived in the United States, Hong Kong, United Kingdom, Russia and Singapore. He is now based in Mumbai, India.

Jim McAdam, President, Asia/Middle East, NOL Group
Jim McAdam was appointed President, Asia/Middle East in September 2006 and is responsible for NOL Group’s liner shipping and logistics operations across Japan, Korea, Australasia, the ASEAN countries and the Middle East. Previously he was Senior Vice President Business Solutions, with responsibility for developing and implementing global supply-chain capabilities for the NOL Group. He joined NOL in 1999 as Vice President and Managing Director North Asia, based in Tokyo. Prior to that, he was Director International Operations with Menlo Logistics in the US. Earlier in his career, Mr McAdam worked with APL from 1984 to 1996, holding senior management positions in Japan, Thailand and the US. He has more than 20 years’ experience in the transportation and logistics industry, including more than 13 years of Asia-based assignments. He holds a Bachelor’s Degree in Finance from Michigan State University and a Masters Degree in Asian Political Economics from the University of San Francisco. He is based in NOL Group’s head office in Singapore.

Daniel Ryan, President, Greater China, NOL Group
Daniel Ryan was appointed President, Greater China in August 2006. He leads NOL Group businesses in China, Hong Kong, Chinese Taiwan and Macau, and is responsible for APL and APL Logistics operations across the region. Previously, from 2004, he held the role of Vice President and Managing Director Hong Kong and South China. Mr Ryan began his career with the company in 1987 as a financial analyst and has served in a range of senior roles including President, APL Logistics Europe, President, APL Middle East/Africa and Managing Director, Indonesia. He has a broad-ranging background in sales and marketing and liner trade management, as well as business development and logistics planning, and has lived and worked in Hong Kong, the US, Europe, Indonesia and Dubai as well as China. Mr Ryan holds a Bachelor’s degree from California State University, Sacramento and an MBA from the University of Notre Dame in Indiana. He is based in Shanghai, China.