Press release – July 6th 2006

Famous Pacific Shipping, the fast expanding Asia-based NVOCC and freight services supplier, has opened a new branch office in Christchurch, the group's first presence on New Zealand's South Island.

Mr Peter Oberg-Rooks has been appointed to manage the new branch, which is already operational. Peter previously held a similar role for Owens, the international transport and freight-forwarding group. Specifically, he is tasked with enhancing FPS' share of the freight forwarding market within the South Island region.

Contact details for the new office are as follows:

Famous Pacific Shipping (S.I.) Limited, P.O. Box 80-175, Unit 3/7 Burdale Street, Riccarton, Christchurch, New Zealand.

Tel: (64) 3-962-7888; Fax: (64) 3-962-7889

Email: peter@famous.co.nz

Commenting on Peter's appointment, Marcus Goldsworthy, Managing Director of FPS New Zealand said: “In the last two years, we have launched new services, expanded our coverage of the Pacific Islands and relocated our headquarters to a new, purpose built office and warehouse facility at Auckland International airport.

“ We have been looking at ways to further strengthen and develop our presence on the South Island for some time. Opening a new branch office in Christchurch and appointing Peter is a clear sign of our intentions to enhance our presence in the New Zealand marketplace.”

The Famous Pacific Shipping Group is an international freight network, comprising over 43 individual companies, from 22 different nations worldwide, operating under the FPS banner. The FPS Group specialises in ocean and airfreight forwarding, supported by overland operations, warehousing and supply chain management services.

FPS New Zealand's head office remains in Auckland, on the North Island.