May 25, 2010

Announcement Of Cessation As Executive Chairman
Resignation Details
Name Of Person Randy Effendi
Age 58
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 01/06/2010
Detailed Reason(s) for Cessation To pursue another interest.
Is there any difference of opinion on material matters between the person and the Board of directors? No
If yes, please elaborate NA
Any other relevant information to be provided to shareholders of the listed issuer? No
If yes, please elaborate NA
Date of Appointment to current position 27/04/2005
Job Title Executive Chairman, Executive Director and a member of the Nominating Committee
Role and Responsibilities Responsible for day-to-day operation of the Group's business and steering the strategic direction and growth of the Group's business.
Does the AC have a minimum of 3 members (taking into account this resignation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 4
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months 1
Shareholding in the listed issuer and its subsidiaries Mr Randy has a direct interest of 1,200,000 ordinary shares in Samudera Shipping Line Ltd.
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Other Directorship
Past Directorship (for the last five years) PT. Samudera Indonesia Tbk.
Samudera Shipping Line Ltd
Samudera Indonesia Singapore Pte Ltd
PT. Samudera Shipping Services
PT. Samudera Indonesia Ship Management
PT. Gabion Harapan Perkasa
Ocean Shipping Pte Ltd
Present Directorship None