Singapore, 2 June 2009: Neptune Orient Lines (NOL) has today announced an underwritten renounceable rights issue.

Go to http://www.nol.com.sg/investor/2009_share_rights_issue_declaration.html for details of the proposed rights issue.

Media Enquiries:
Mr Paul Barrett
Telephone: (65) 6371 7959
paul_barrett@nol.com.sg

Investor:
Mr Bernie Yu
Telephone: (65) 6371 5028
bernie_yu@nol.com.sg

About NOL
Neptune Orient Lines (NOL) is a Singapore-based global container shipping, terminals and logistics company. Its container shipping arm, APL, provides world-class container shipping services and intermodal operations supported by leading-edge IT and e-commerce. Its Terminals unit has one of the world's leading container terminal networks, with key gateway facilities in Asia and North America. Its logistics business, APL Logistics, provides international, end-to-end logistics services and solutions, employing the latest IT and data connectivity for maximum supply chain visibility and control. NOL Web site: www.nol.com.sg