Directorate

SEASCOPE SHIPPING HOLDINGS PLC 7 October 1999 Sir Graham Hearne appointed Non-Executive Director of Seascope Seascope Shipping Holdings PLC, which provides specialised broking and consultancy services to the international shipowning, shipbuilding and oil industries, is pleased to announce the appointment of Sir Graham Hearne CBE to the Board as a non-executive director from October 7. A qualified solicitor, Sir Graham Hearne is currently Chairman of Enterprise Oil, one of the world's leading independent oil exploration and production companies. He is a non-executive Chairman of Caradon plc, a non- executive director of N M Rothschild & Sons Ltd and Invensys plc and non-executive Deputy Chairman of the Gallaher Group PLC. Before joining Enterprise in 1984, he was Group Managing Director of Carless, Capel and Leonard plc, having been previously Finance Director of Courtaulds, Chief Executive of Tricentrol plc. Sir Graham held the post of High Sheriff of Greater London in 1995. Sir Graham Hearne said: 'I am impressed by the innovation and entrepreneurial spirit Seascope has brought to the shipping markets. I am delighted to be joining the Board.' Tom Young, Chairman of Seascope said: 'We are very pleased that Sir Graham has decided to join our Board. His business acumen and oil industry experience can only add strength to Seascope. We look forward to working with him.' For further information contact: Seascope Shipping Holdings PLC 0171 235 2022 Tom Young, Chairman Duncan Hill, Chief Executive Grandfield 0171 417 4170 Michael Henman Clare Abbot NOTES TO EDITORS Sir Graham J. Hearne CBE, 61, has an extensive background in both the legal and business professions. He is Chairman of Enterprise Oil, one of the world's leading independent oil exploration and production companies, a firm with listings on both the New York and London Stock Exchanges, and a non-executive Deputy Chairman of Gallaher Group Plc. He also holds a non-executive directorship of N M Rothschild & Sons Ltd. Before assuming this post, Hearne was Group Managing Director of Carless, Capel and Leonard (1983-1984), Chief Executive of Tricentrol (1981-1983), and Finance Director of Courtaulds (1977-1981). After qualifying as a solicitor in 1959, Hearne has worked for law firms both in the UK and in New York. As well as these appointments, Hearne has held non-executive director positions at various companies. These include BPB Industries plc, Reckitt & Coleman plc, Wellcome plc and Northern Foods Ltd. He was educated at the George Dixon Grammar School, Birmingham, and at the College of Law. A member of the Law society, he held the post of High Sheriff of Greater London in 1995.

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