NEW DIRECTOR FOR THE NOL GROUP
Singapore, 1 October, 2003:

Neptune Orient Lines (NOL) announced today the appointment of finance accounting professional Mr Gan Chee Yen to the company’s Board of Directors.


NOL Group Chairman Mr Cheng Wai Keung said Mr Gan would bring significant financial skills and experience from both the public and private sectors to the Board.


Mr Gan is Managing Director (Finance) at Temasek Holdings (Private) Limited. Prior to joining Temasek Holdings, he was Director, Finance at Singapore Technologies. Mr Gan has also served on the boards of several prominent Singapore-based companies, including ST Assembly Test Services Ltd and Vickers Ballas Holdings Ltd.


“Mr Gan’s extensive experience in the financial arena will be valuable as we look to build on a positive set of first half results for 2003,” said Mr Cheng.




Sarah Lockie, tel. +65-6371-5022
sarah_lockie@nol.com.sg

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