Interbulk Group Plc : Directorate Change

28 August 2013

InterBulk Group plc

("InterBulk" or the "Company")

Directorate changes

InterBulk,the global intermodal logistics solution provider to the chemical, polymer, food and minerals industries, announces that Koert Van Wissen has decided to retire and step down from hisroleas Chief Executive Officer of the Company with effect from 30 September 2013 when he will be appointed as a Non-Executive Director of the Company. Mr Louis ("Loek") Frans Jacob Kullberg will replace Koert as the new Chief Executive Officer of the Company with effect from 1 October 2013.

Koert has spent more than 33 years as a leading figure in the tankcontainer and intermodal operating business, including most recently more than seven years as the founding CEO of InterBulk.  Following the acquisition of United Transport Tankcontainers in 2006, the formation of InterBulk Group and the subsequent acquisition of UBC in 2007, Koert integrated the businesses and built the company successfully and profitably to become a global leading provider of Intermodal logistics solutions.

Mr Kullberg will join the Company on 1 September 2013 as Chief Executive designate, and subject to an amendment to the Company's Articles of Association to be approved by shareholders in general meeting (further details of which are set out below), will join the Board and be appointed as Chief Executive Officer with effect from 1 October 2013.

Loek Kullberg, a Dutch national, has extensive experience in the international maritime and transport industry and in the development and expansion of businesses. Most recently he was Divisional Director of Towage at Royal Boskalis and Managing Director of Harbour Towage and Terminals at SMIT International, where over the last nine years he expanded the business and doubled turnover in existing and new organisations within the group. Prior to joining SMIT International in 2004, Mr Kullberg held various positions at DHL and Royal Nedlloyd where he was Managing Director of Danzas Chemicals and its predecessor Nedlloyd Road Cargo from 1996 until 2004. During that period he was accountable for all international chemical transport and distribution services. Prior to 1996 he was Managing Director Europe and Africa and a member of the Executive Committee of Nedlloyd Lines, for which he also worked and lived abroad for ten years in the Middle East, West Africa and the Far East.

David Rolph, Non-Executive Chairman of InterBulk, commented:

"Koert has been the CEO of the InterBulk Group since its formation in 2006. During that time he has managed the group with great energy and leadership through some challenging economic times and has been instrumental in the creation of a market leading global intermodal logistics business.  While Koert is stepping back from the day to day management, we are delighted that we will continue to be able to draw on Koert's experience and network to support the further development and expansion of the InterBulk Group, as he remains on the Board as a Non-Executive Director.

"After an extensive search programme, we are delighted that Loek is joining us to lead the InterBulk Group in its next phase of development.  Loek brings significant experience in the logistics field and organisational development which will support the delivery of our strategy in the future."

Mr Kullberg (aged 58) is a director of Outloek NV and has been a director of the following within the past five years, from which he resigned as a director on 31 March 2013:

Loek Kullberg does not have any beneficial interest in the Company.

Mr Kullberg has confirmed that there is no further information required to be disclosed in relation to Rule 17 and Schedule Two (g) of the AIM Rules for Companies.

The Company's Articles of Association ("Articles") currently provide that the maximum number of directors is 10 unless otherwise determined by ordinary resolution of the Company.  The appointment of Loek Kullberg would increase the number of directors on the Board to 11 and therefore the Board has determined that in order to allow both Loek Kullberg and Koert Van Wissen to be directors and provide some future flexibility, an ordinary resolution should be proposed to the Company's shareholders to amend the Articles and increase the maximum number of directors to 12.

The Company proposes to convene a general meeting of the Company in due course but in any event by mid-September 2013 to amend the Company's Articles. A letter to shareholders and notice of general meeting will be sent to shareholders shortly and will be available on the Company's website,www.interbulkgroup.com.

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About InterBulk

InterBulk is a leading supplier of global intermodal logistics solutions for the movement of liquid and dry bulk materials. It provides environmentally friendly and cost effective door-to-door supply chain solutions that include intermodal transportation, temporary storage and material handling services. InterBulk is one of the world's largest operators of Tankcontainers for the movement of liquids and Europe's leading provider of intermodal 'bag-in-box' containers for the movement of dry bulk products.