WBL Corporation Ltd : Announcement Of Cessation As Group Chief Executive Officer And Executive Director

Resignation Details
Name Of Person	Tan Choon Seng
Age	60
Is Effective Date Of Cessation Known?	Yes
Effective Date Of Cessation	15/11/2012
Detailed Reason(s) for Cessation	Cessation by mutual agreement.
Is there any difference of opinion on material matters between the person and the Board of directors?	No
If yes, please elaborate	NA
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?	No
If yes, please elaborate	NA
Any other relevant information to be provided to shareholders of the listed issuer?	No
If yes, please elaborate	NA
Date of Appointment to current position	01/12/2004
Job Title	Group Chief Executive Officer and Executive Director
Role and Responsibilities	Mr Tan is responsible for the running of WBL Corporation Limited Group's businesses.
Does the AC have a minimum of 3 members (taking into account this resignation)?	Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)	2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months	7
Interest in the listed issuer and its subsidiaries	WBL Corporation Limited - 470,564 stock units
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	None
Other Directorship
Past Directorship (for the last five years)	Multi-Fineline Electronix, Inc. Permata Alasan (M) Sdn Bhd Renown Heritage Sdn Bhd Summer Palace Development Pte. Ltd.
Present Directorship	Global Investment Holdings Co., Ltd Pacific Silica Pty Ltd Shenyang Huaxin International Realty Co Ltd Shenyang Summer Palace Property Development Co., Ltd Shenyang Summer Palace Pte. Ltd. SM Motors Private Limited Suzhou Future Agriworld Co Ltd Wearne Brothers Services (Private) Limited Wearnes Development (Private) Limited Wearnes International (1994) Limited Wearnes Technology (Private) Limited Note: The list reflects the present directorships up till 14 November 2012.