Press release – May 22nd 2006

In response to continued expansion of its services, particularly in project cargo shipping and airfreight forwarding, Famous Pacific Shipping's Sri Lankan partner has moved to larger headquarters in Colombo.

Email addresses remain unchanged, but FPS Lanka's new address details are: Famous Pacific Shipping Lanka (Pvt.) Ltd. No. 7, Cambridge Terrace, Colombo – 07, Sri Lanka. Tel: +(94) 11 2663700 – 9.

The new office in the Colombo 7 area is home to more than 80 employees, the majority of whom are involved in sales, customer service and project management.

Comments Alvin Tan, FPS Group Chairman: “ FPS Sri Lanka offers customers a total logistics solution, providing oceanfreight, airfreight, LCL consolidations, customs brokering and warehousing services, as well as project cargo operations.

“We have seen strong growth of our business in this market. Our airfreight activities are growing. We recently reached agreement with Ceylinco SembCorp Integrated Logistics (Pvt) Ltd to seek synergies between our respective services in order to offer a total logistics package to customers involved in the movement of project cargoes and capital equipment into Sri Lanka.

“Hence, it was necessary to relocate to larger premises. We look forward to further expansion as our various services in Sri Lanka develop.”