Cosco's CFO resigns

Reason for resigning not stated.

Cosco Corp. announced today the resignation of Mr Ye Bin Lin as Chief Financial Officer of the Company with effect from 2 October 2012.

Subsequent to his resignation, he will also cease to be the alternate director to Mr Ma Zhi Hong and a member of the Enterprise Risk Management Committee with effect from the date of his resignation.

Mr Ma Hong Han, the new Chief Financial Officer of the Company, has been appointed as alternate director to Mr Ma Zhi Hong and a member of the Enterprise Risk Management Committee with effect from 2 October 2012.

The particulars of Mr Ye Bin Lin and Mr Ma Hong Han pursuant to the requirements of Rule 704(7) of the Listing Manual of Singapore Exchange Securities Trading Limited will be furnished in separate announcements.