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| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation as Senior Vice President |
| Securities | STAMFORD TYRES CORPORATIONLTD (ST TYRE) |
| Date & Time of Broadcast | May 10, 2016 18:01 |
| Submitted By | Lo Swee Oi Company Secretary |
| Description | Cessation as Senior Vice President |
| Cessation Details | |
| Name of person | Patrick James Berriman |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | May 9, 2016 |
| Detailed reason(s) for cessation | Mr Berriman has relinquished his position as a Senior Vice-President. He will continue as a Management Consultant to the Group, in particular to oversee and supervise its operations in Australia, as well as to undertake assigned Group-related projects. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of appointment to current position | Sep 9, 2005 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 4 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Senior Vice President |
| Role and responsibilities | Responsible for the development of sales and distribution of the Group's new joint venture in India with Sumitomo Rubber Industries. He was also responsible for all divisions under Stamford Tyres International Pte. Ltd. in Singapore, and supervises the Group's operations in Australia. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | Nil |