The Board of Directors of Del Monte Pacific Limited announced that with immediate effect, Mr. Rolando C. Gapud will be re-designated, from Non-Executive Chairman to Executive Chairman of the Board. The above re-designation was upon the recommendation of the Nominating Committee to the Board of Directors. Mr. Gapud's duties as Executive Chairman would include, amongst other things, providing leadership to the Board and ensuring the effectiveness of the Board in all aspects, leading the Company in its relationships with stakeholders and leading the Company to greater heights.

With immediate effect, Mr. Rolando C. Gapud (Executive Chairman) and Mr. Edgardo M. Cruz, Jr (Executive Director) will cease to be members of the Company's Audit Committee and Remuneration & Share Option Committee.