NOL Confirms Binding Bid Made for Hapag-Lloyd

Singapore, 29 September, 2008 - Neptune Orient Lines Limited (NOL) today confirmed it has submitted a binding bid to acquire the Hapag-Lloyd container shipping business.

NOL submitted its bid to acquire Hapag-Lloyd to the company's owner TUI AG on 26 September 2008.

Any agreement would be subject to the acceptance of the bid by TUI, regulatory approvals and shareholders’ approval.

NOL remains bound by strict confidentiality undertakings, which legally restrict the company's ability to share information, and the details of the NOL bid remain confidential.

Further announcements will be made in the event of material developments in this matter.

Media Enquiries:
Mr Paul Barrett
Telephone: (65) 6371 7959
paul_barrett@nol.com.sg

Investor Enquiries:
Mr Bernie Yu
Telephone: (65) 6371 5028
bernie_yu@nol.com.sg

About NOL
Neptune Orient Lines (NOL) is a Singapore-based global container shipping, terminals and logistics company. Its container shipping arm, APL, provides world-class container shipping services and intermodal operations supported by leading-edge IT and e-commerce. Its terminals unit has one of the world's leading container terminal networks, with key gateway facilities in Asia and North America. Its logistics business, APL Logistics, provides international, end-to-end logistics services and solutions, employing the latest IT and data connectivity for maximum supply chain visibility and control. NOL Web site: www.nol.com.sg