Announcement of Cessation as Executive Director

Name Of Person
ANG YEW LAI

Age
46

Is effective date of cessation known?
Yes

If yes, please provide the date
13/06/2011

Detailed Reason (s) for cessation
Early retirement.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No

If yes, please elaborate *
NA

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 elaborate *
NA

Any other relevant information to be provided to shareholders of the listed issuer?
No

If yes, please elaborate *
NA

Date of Appointment to current position
12/08/2004

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
EXECUTIVE DIRECTOR

Role and responsibilities
Mr Ang Yew Lai oversees the day-to-day operations of the group's non-ferrous metal businesses.

Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes

Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2

Interest * in the listed issuer and its subsidiaries
Mr Ang holds 47,171,050 ordinary shares in Union Steel Holdings Limited.

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ang is the youngest brother of Mr Ang Yew Chye, an Executive Director of the Company and Mr Ang Yu Seng, the Chairman and Chief Executive Officer of the Group.

OTHER DIRECTORSHIPS
Past (for the last 5 years)
Great World Management Pte Ltd

Present
Cape View Pte Ltd Green World China (Singapore) Pte Ltd

Footnotes
Current duties and responsibilities carried out by Mr Ang Yew Lai henceforth will be carried out by the Management and will be overseen by the Chief Executive Officer.