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TTA Confirms New Chairman of the Board of Directors

Back Dec 07, 2010

Bangkok, 7 December 2010 - Thoresen Thai Agencies PLC ("TTA"), one of Thailand's leading listed companies with a diversified portfolio of transport, energy, and infrastructure investments, recently welcomed Mr. Aswin Kongsiri as its new Chairman of the Board of Directors.

"It is an honor to be given the opportunity to build upon the foundation that M.R Chandram S. Chandratat has established for TTA. The change that he has overseen as this company moved from a private company to a listed corporation with a high level of corporate governance and transparency has been remarkable," said Mr. Kongsiri. "I look forward to continue TTA's growth in line with our approved business strategies and work closely with the Board and senior management to deliver results. Ultimately, we aim to not only increase long-term shareholder value but also to safeguard our shareholders' best interests and TTA's reputation."

Mr. Aswin Kongsiri joined TTA as an independent director and a member of the Audit Committee in January 2009 and was previously the President of The Industrial Finance Corporation of Thailand. He was recently appointed as a Governor of the Stock Exchange of Thailand. He serves on other Boards of Directors, acting as Chairman of Ch. Karnchang Plc., Chairman of Risk Management Committee and Nominating Committee of Bangkok Aviation Fuel Services Plc., Chairman of Ton Poh Thailand Fund, Vice Chairman and Nomination and Remuneration Committee of Electricity Generating Plc., Chairman of the Audit Committee of OHTL Plc. (Mandarin Oriental Hotel), Audit Committee, and Nomination and Remuneration Committee Member of Thai Reinsurance, and Audit Committee and Nomination and Remuneration Committee Member of Padaeng Industry Plc.

About TTA
Thoresen Thai Agencies Public Company Limited ("TTA") is a strategic investment holding company listed on the Stock Exchange of Thailand. Its investment strategy is to grow through a balanced and diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. Previously, TTA has primarily invested in the dry bulk shipping and related shipping services businesses. The company has since expanded its investments into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited, petroleum tankers through Petrolift, Inc, and ports through Baria Joint Stock Company of Service for Import Export of Agro Forestry Products and Fertilizers.

For further information, please contact:
Corporate Communications Department, Thoresen Thai Agencies PLC.
Ravisada Angkeeros or Ornsutee Kanchanomai
Tel: 02 254 8437 ext. 393 or 290
Email: ravisada_a@thoresen.com OR
ornsutee_k@thoresen.com