NOL Announces Departure of APL Logistics President

Singapore, 11 March 2009: Global container shipping and logistics group Neptune Orient Lines (NOL) today announced that Mr Brian Lutt, President of its APL Logistics business, is leaving the company to pursue an opportunity outside the Group.

Mr Lutt has been in charge of APL Logistics since October 2005 and has served the NOL Group in various senior managerial roles in the US and Asia for 26 years.

NOL Group President and CEO, Mr Ron Widdows, said: “Brian has made a major contribution to our Group over the course of his career. The APL Logistics business is now well positioned to increase its contribution to NOL’s performance. He leaves with our very best wishes for the future.”

Mr Widdows will assume responsibility for the activities of APL Logistics, pending the appointment of a new President to lead the business. Mr Widdows said he expected an appointment to be announced in the near future.

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

Investor Enquiries:
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.