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Press Release
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July 25, 2006
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Orient Overseas (International) Ltd. ("OOIL") announces that, following a strategic review of its terminal assets, it has engaged UBS Investment Bank to advise it in relation to the potential disposal of its Terminals Division, a move being considered in order to realize the true potential value of these assets. OOIL's Terminals Division comprises TSI Terminal Systems Inc., which operates two container terminals, Deltaport and Vanterm, in the Port of Vancouver, New York Container Terminal on Staten Island in New York City and Global Terminal in New Jersey each of which operates a container terminal in the Port of New York and New Jersey. OOIL's Terminals Division recorded a total throughput of 2,379,006 TEU for 2005 and overall has experienced strong growth during the first half of 2006. Major expansion schemes are planned for both Deltaport in the Port of Vancouver and New York Container Terminal in the Port of New York and New Jersey. The Terminals Division operates as a stand alone profit centre and a disposal would not affect the efficient operations of OOCL, OOIL's core container liner business. OOIL wishes to make clear that, at this stage, there is no certainty that a potential disposal of the Terminals Division will take place. Further announcements will be made in relation to the progress of any potential disposal as and when appropriate Information on OOIL Headquartered in Hong Kong, the core business of OOIL is Orient Overseas Container Line (OOCL), a wholly owned subsidiary. OOCL is one of the world's leading container transport and logistics services providers with more than 230 offices in 58 countries. Linking Asia, Europe, North America, the Mediterranean, the Indian sub-continent, the Middle East and Australia/New Zealand, the company offers transportation services to all major east/west trading economies of the world. OOCL is one of the leading international carriers serving China, providing a full range of logistics and transportation services throughout the country. It is also an industry leader in the use of information technology and e-commerce to manage the entire cargo process. In addition, OOIL is involved in other terminal operations and investments, as well as property investment and development. Hong Kong 25th. July 2006 Company Contacts: Orient Overseas (International) Limited Nicholas Sims
Director and Chief Financial Officer Tel : (852) 2833 3518
e-mail: nicholas.sims@oocl.com Stanley Shen
Investor Relations
Cell : (852) 9309 5871
Tel: (852) 2833 3167
e-mail: stanley.shen@oocl.com Media Contacts: Weber Shandwick Peter Duda
Executive Vice President
Weber Shandwick
New York Tel : 1 212 445 8213
email : pduda@webershandwick.com
Dorothy Sitek
Vice Presient
Weber Shandwick Worldwide
Vancouver Tel : +1 604 601 8570
Cell : 1778 873 3149
emial : dsitek@webershandwick.com Annette Chiu
Weber Shandwick
Hong Kong Tel : 852 2533 9907
Cell : 852 9668 7611
e-mail : achiu@webershandwick.com Carol Lau
Weber Shandwick
Hong Kong Tel : 852 2533 9981
Cell : 852 9028 7152
e-mail : clau@webershandwick.com
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