The Board of Directors of Sinwa KS Limited ("SINWA") wishes to announce that effective 23 September 2003, its wholly-owned subsidiary, Sinwa Ship Supply Private Limited has changed its name to Sinwa SS Pte. Ltd.


ABOUT SINWA KS LIMITED

With a history that dates back to the 1960s, Sinwa KS, winner of SIAS Investors Choice Awards 2003 for the Most Transparent Company (New Issues since August 2002), is today an established marine supply and logistics company servicing the oil and gas industry and sea-going vessels in Singapore, UAE, the PRC and Timor Leste.

Certified ISO 9001:2000 Sinwa KS core business involves supplying a wide range of ships' stores, provisions and equipment to ships and oil rigs, as well as providing their operators and owners with shipping agency and related services.

Since 1999, the Group has also expanded its capabilities to include the supply, fabrication and installation of thermal insulation materials on gas and chemical vessels. This, together with its marine supply management, consultancy and contract labour supply to oil rigs, has helped the Group to further diversify its business and geographical reach.