ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

* Asterisks denote mandatory information

Name of Announcer *: UMS HOLDINGS LIMITED
Company Registration No.: 200100340R
Announcement submitted on behalf of: UMS HOLDINGS LIMITED
Announcement is submitted with respect to *: UMS HOLDINGS LIMITED
Announcement is submitted by *: LUONG ANDY
Designation *: DIRECTOR
Date & Time of Broadcast: 28-Jun-2013 18:11:48
Announcement No.: 00158

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Name of person *: Chay Yiowmin
Age *: 39
Country of principal residence *: Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *: The Nominating Committee has recommended the appointment of Mr Chay Yiowmin as a Non-Executive, Independent Director and the Board of Directors is of the opinion that Mr Chay's experience with a number of large multinational accounting and audit firms will be able to contribute effectively to the Company.

Whether appointment is executive, and if so, the area of responsibility *

Independent Director

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

RC Chairman, AC member and NC member.

Working experience and occupation(s) during the past 10 years *

Mr Chay Yiowmin has more than 14 years of public accounting experience in Singapore and the United Kingdom. Mr Chay is currently an advisory partner of BDO LLP, heading the Corporate Finance, and the Financial Risk and Governance Practice. Prior to joining BDO LLP, Mr Chay gained his professional experience with a number of large multinational accounting and audit firms, including PricewaterhouseCoopers LLP, Deloitte & Touche LLP and Moore Stephens LLP, the latter of which Mr Chay was admitted as a partner in January 2010.

Mr Chay has accumulated considerable experience auditing large multinational corporations and financial institutions, and providing business advisory services in the areas of regulatory and compliance, corporate restructuring, and mergers and acquisitions. Mr Chay is also considered a specialist in the field of Financial Risk Management.

Mr Chay holds a Bachelor of Accountancy (BAcc (Hons)) and a Master of Business (MBus) from Nanyang Technological University, and a Master of Business Administration (MBA) from the University of Birmingham.

Mr Chay is also a practising member of the Institute of Certified Public Accountants (CPA) of Singapore (ICPAS), Certified Finance and Treasury Professional (CFTP) of the Finance and Treasury Association (FTA), and an Honorary Professor and Fellow Member of the American Academy of Financial Management (AAFM).

Mr Chay currently sits on the Singapore Shipping Association (SSA) Young Executive Group (YEG) committee, and the Corporate Finance committee of the ICPAS.

Interest * in the listed issuer and its subsidiaries *

N.A.

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *

N.A.

Conflict of interests (including any competing business) *

Mr Chay Yiowmin was a member of the Moore Stephens LLP's audit team since January 2009 and subsequently the audit engagement partner for UMS Holdings Limited for the financial year ended 31 December 2011 prior to leaving the firm in May 2012. In addition, Moore Stephens LLP had confirmed that they are not aware of any independent issue which would preclude Mr Chay from being nominated as a Director of the Company and a member of Audit and Remuneration Committees.

Considering the date of appointment as an independent director and AC member, Mr Chay fulfills the recommended twelve months window period as prescribed by the Code of Corporate Governance.

OTHER DIRECTORSHIPS

Past (for the last 5 years) *: Moore Stephens Consultants Pte Ltd
Dry Bulk Singapore Pte. Ltd.
Oak Tree Capital Pte. Ltd.
MJHR Maritime Pte. Ltd.
Noele Pte. Ltd.
QW Gourmet Pte. Ltd.
Present: Ksenja Pte. Ltd.
Millennium Offshore Services Management Pte. Ltd.
Millennium Offshore Services Pte. Ltd.
Chaspark Maritime Holdings Pte. Ltd.
Chaspark Maritime Pte. Ltd.
Xemaco Group Pte. Ltd.

INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.
(a)* Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?: No
(b)* Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?: No
(c)* Whether there is any unsatisfied judgment against him?: No
(d)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?: No
(e)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?: No
(f)* Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?: No
(g)* Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?: No
(h)* Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?: No
(i)* Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?: No
(j)* Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i)* any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or: No
(ii)* any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or: No
(iii)* any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or: No
(iv)* any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?: No
(k)* Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?: No

INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(I)

Disclosure applicable to the appointment of Director only.

Any prior experience as a director of a listed company?

If no, please provide details of any training undertaken in the roles and responsibilities of a director of a listed company.

Training courses on corporate governance, comprising the roles and responsibilities of a director of a listed company as required under ICPAS' structured continued professional education requirement for all practising CPAs.

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