Re Directorate

Seascope Shipping Holdings PLC
8 March 2001

Stock Exchange announcement



SEASCOPE SHIPPING HOLDINGS PLC ('Seascope' or 'the Company')

Board Changes

Directors' Shareholdings


1.     Board Changes


Following completion yesterday of the merger with Braemar Shipbrokers Limited,
Messrs. John Hunter Bodkin, Christopher Robert Buckley and Andrew Michael
Glyndwr Williams have, with immediate effect, resigned from the board.


Also with immediate effect, Alan Robert William Marsh, Chairman of Braemar
Tankers has been appointed to the Board in the capacity of Chief Executive.
Mr. Marsh's shareholding in Seascope is as follows:


Alan Robert William Marsh

Holding                        Nil

Acquired via Acquisition       862,106

New Holding                    862,106     (6.39%)




Mr. Marsh's directorships are as follows:


Current

Braemar Shipbrokers Limited

Braemar Developments Limited

Braemar Chartering Limited

Braemar Valuations Limited

The London Ship Valuation Panel Limited


Past 5 years

Braemar Tankers Limited


No disclosures under Paragraphs 6.F.2(b) to (g) of the UK Listing Rules



2.     Directors Shareholdings


Seascope have today been notified of the following purchases by directors of
Seascope. The undernoted all dealt at 181.5p on 7 March 2001.


Derek Edmund Piers Walter


Previous holding               Nil

Purchased                      5,000

New holding                    5,000           (0.037%)


Sir Graham James Hearne


Previous holding               Nil

Purchased                      2,500

New holding                    2,500           (0.019%)


Sir Peter Grenville Cazalet


Previous holding               Nil

Purchased                      2,500

New holding                    2,500           (0.019%)