Appointment of Independent Non-Executive Director

March 21, 2014

The Company is pleased to announce the appointment of Mr. Peter John Murray to the Holdings Board of the TCC Shipping Group.  Mr. Murray, a practising maritime lawyer of 35 years, brings to the Board  a wealth of valuable and extensive experience and expertise in maritime laws, at a time when the Group is moving into a new phase of its development.  He is a Fellow of The Chartered Institute of Arbitrators.

Mr Kenneth Koo, Chairman of the Board, said: “ It is important to the Group that we continue to run our business by the core values of Accountability, Credibility, Reliability and Trust, and in accordance with very high standards of corporate governance - Mr. Murray's appointment further reinforces our strength in these areas as we transition into the  2nd Century of the TCC Group’s founding and beyond. On behalf of the Board, I extend our warmest welcome to Mr. Murray and look forward to his valuable contribution and wise counsel. ”