Re-designation of a Non-Executive Director to an Independent Director

The Board of Directors of Union Steel Holdings Limited Limited (the Company) is pleased to announce that Mr Chan Kok Poh, a Non-Executive Director, is considered by the Board to be an Independent Director with immediate effect. Prior to the Company's listing in 2005 on the Singapore Exchange Securities Trading Limited, Mr Chan Kok Poh was the auditor for some of the subsidiaries of the Group but he has since ceased to act as the Company's auditor. The Board has accepted the Nominating Committee recommendation that Mr Chan Kok Poh be considered henceforth as a Non Executive Independent Director

The composition of the Board is now as follows:

Mr Ang Yu Seng (Executive Chairman/CEO)
Mr Ang Yew Lai (Executive Director)
Mr Ang Yew Chye (Executive Director)
Mr Chan Kok Poh (Independent Director)
Mr Chang Yeh Hong (Independent Director)
Mr Siau Kai Bing (Independent Director)

By Order of the Board

Ang Yu Seng

CEO/Chairman