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KPMI Appoints Yeo as Chairman of Board

Maritime Activity Reports, Inc.

February 13, 2007

Keppel Philippines Marine Inc (KPMI), a company listed on the Philippine Stock Exchange and a subsidiary of Keppel Corporation Limited, has appointed Nelson Yeo as Chairman with effect from. He has also been appointed Chairman of Subic Shipyard & Engineering Inc (SSEI), an associate of Keppel Corporation Limited.

Yeo takes over the chairmanship of KPMI and SSEI from Charles Foo, Managing Director (Special Projects) of Keppel Offshore & Marine (Keppel O&M), who has also resigned as Director of both companies. Foo, who is currently Chairman of Keppel Singmarine Pte Ltd of Singapore and Keppel Nantong Shipyard, China, was appointed Chairman of KPMI and SSEI in November 1999.

The Keppel Philippine yards have in recent years been enhanced with added facilities to support offshore activities, particularly, in the construction of semisubmersibles. Amongst his many contributions, Mr Foo has been credited for raising the safety standard of the yards, encouraging the upgrading and development of safety personnel including sending them to Singapore for further training.

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