CHEMOIL ANNOUNCES NEW MANAGEMENT TEAM

In Recognition Of Emerging Global Growth Opportunities Ahead

SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI) announced today that as part of its efforts to build upon the company’s strengths and expand its business reach, it has promoted various Chemoil veterans and brought in experienced top talent to help lead the company towards sustainable growth.

Tom Reilly, who was appointed Chemoil’s new CEO in January 2011, said “Chemoil is entering the next phase of growth and I am excited to be working with a new talented management team that comprises not only of dedicated employees whose commitment help make Chemoil one of the leading energy suppliers today, but also experienced industry veterans from outside of Chemoil with successful track records.  Together we aim to translate our efforts into expanded growth and sustainable profitability for Chemoil.

Source: CHEMOIL