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Announcement Of Cessation As Independent Director

Resignation Details

Name Of PersonK N Venkatasubramanian
Age70
Is Effective Date Of Cessation Known?Yes
Effective Date Of Cessation26/05/2009
Detailed Reason(s) for CessationHe has attained the age of retirement
Is there any difference of opinion on material matters between the person and the Board of directors?No
If yes, please elaborateNA
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?No
If yes, please elaborateNA
Any other relevant information to be provided to shareholders of the listed issuer?No
If yes, please elaborateNA
Date of Appointment to current position11/08/2006
Job TitleIndependent Director
Role and ResponsibilitiesIndependent Director
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)1
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months1
Shareholding in the listed issuer and its subsidiariesNil
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil

Other Directorship

Past Directorship (for the last five years)Nil
Present DirectorshipTime Technoplast Limited
Imperial Corporate Finance & Services Pvt. Limited
Gulf Oil Corporation Limited
Mundra Port & SEZ Limited
Essar Oil Limited
Gulf Carrosserie India Limited

Other Notes

FootnotesOn 26 March 2008, the Company has obtained waiver from SGX to comply with Rule 221 of the Listing Manual. Thus, the Company is allowed to maintain at least one independent director resident in Singapore.