Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHANGE IN DIRECTOR'S INFORMATION

Further to the announcement of SJM Holdings Limited (the "Company") dated 31 August 2012 in respect of the petition served on Titan Petrochemicals Group Limited ("Titan") at the Supreme Court of Bermuda, the board of directors of the Company (the "Board") has been made aware of the announcement published by Titan dated 22 October 2013 (the "Titan Announcement"). According to the Titan Announcement, the Bermuda Court ordered the appointment of Mr. Garth Calow and Ms. Allison Tomb, both of PricewaterhouseCoopers, as the joint provisional liquidators of Titan on 18 October 2013 (Bermuda time). The Titan Announcement also disclosed other particulars of that appointment including powers of the joint provisional liquidators. Mr. Shek Lai Him, Abraham ("Mr. Shek"), an independent non-executive director of the Company, has been an independent non-executive director of Titan since 27 February 2006.
Mr. Shek has confirmed his understanding to the Company that the appointment of the joint provisional liquidators is in relation to an application made by KTL Camden Inc. ("Camden") to the Bermuda Court on 6 August 2013 (Bermuda time) in connection with its claim that Titan Storage Limited, a subsidiary of Titan, failed to pay certain hiring charges to Camden pursuant to a bareboat charter party contract and that Titan is liable to Camden for such hiring charges plus interest thereon in the sum of approximately US$6,853,032 (up to 16 April 2013) pursuant to a deed of guarantee issued by Titan in favour of Camden. The Board has no information on the abovementioned matter other than the information set out in the Titan Announcement and other relevant announcements, circulars and public documents published by Titan.
This announcement is made pursuant to Rule 13.51B(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The Company will make further announcement(s) as and when appropriate pursuant to the requirements under the Listing Rules.
Hong Kong, 12 November 2013
By order of the Board SJM Holdings Limited So Shu Fai

Executive Director and Chief Executive Officer

As at the date of this announcement, the executive directors of the Company are Dr. Ho Hung Sun, Stanley, Dr. So Shu Fai, Mr. Ng Chi Sing, Mr. Rui José da Cunha, Ms. Leong On Kei, Angela, Mr. Shum Hong Kuen, David and Mr. Fok Tsun Ting, Timothy, the non-executive director of the Company is Dr. Cheng Kar Shun and the independent non-executive directors of the Company are Mr. Chau Tak Hay, Dr. Lan Hong Tsung, David, Mr. Shek Lai Him, Abraham and Mr. Tse Hau Yin.

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