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For Immediate Release

Deputy CEO Appointments in IMC Corp Group

Singapore, 1 April 2008
– IMC Corp Group is pleased to announce the joint promotion of both Kim Kyung Soo and Eng Aik Meng as Deputy CEOs of IMC Corp Group, with effect from 1 April 2008.

Mr Kim, as Deputy CEO, will have primary responsibility for all shipyard, drybulk shipping, and ship management businesses within the IMC Corp Group. He will also continue in his current role as Managing Director, Unithai Group (Thai arm of the IMC Group). Mr Kim first joined IMC in Busan, South Korea in 1982, and in the last 26 years, has taken on a number of senior leadership positions within the IMC Group in Hong Kong, Singapore and Thailand.

Mr Eng, in his new role as Deputy CEO, will have primary responsibility for IMC Corp Group’s industrial logistics, ports and consumer logistics businesses. He will also spearhead developments in new markets and new growth platforms for the Group. Mr Eng joined IMC Corp Group as Chief Operating Officer (COO) in July 2007 and has led various strategic developments for the Group across the region. Prior to IMC, Mr Eng had a fourteen-year stint with Neptune Orient Lines (NOL)/American President Lines (APL), managing its Asia/Middle East and Australia markets, among other positions of responsibility.

 
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