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RELEASE DATE: RELEASE TIME: STARTS 9th December 2010 Immediate

Houlder Insurance Services Limited receives capital injection from its parent and strengthens its position in the aviation insurance broking business.

China Merchants Group, the ultimate parent company of Houlder Insurance Services Limited (Houlder) has underlined its continuing support and confidence in the company with a £1.2m capital injection. At the same time Houlder, a London based Lloyd's insurance broking company, is pleased to announce that it has further strengthened its aviation insurance division with the arrival of Simon Howell and Coran Barford from Marsh. Commenting on the capital injection Eric Zhu, Company Chairman said: "This investment underlines China Merchants Group's ongoing support and confidence in the company and its prospects. Houlder has plans for growth and, with existing synergies amongst our operations in London, Hong Kong and mainland China where specialist expertise can be shared, it is well placed to serve all our clients across a wide geographic area." Houlder is also pleased to announce that Simon Howell A.C.I.I. and Coran Barford have joined its aviation division from Marsh as Divisional Director (Aviation) and Associate Director (Aviation) respectively. Simon Howell has 29 years experience trading within the global insurance and reinsurance markets. He specialises in the design, marketing and implementation of sophisticated reinsurance programmes for Underwriters participating in direct aviation business. A Chartered Insurance Broker, Simon is also a qualified pilot. Coran Barford has 24 years experience in the insurance industry and is a specialist in the broking, administration and servicing of a wide range of aviation business

Houlder Insurance Services Limited is a Broker at Lloyd's and is authorised and regulated by the Financial Services Authority, Firm Reference No: 309374. Principal office: Michael's House, 10-12 Alie Street, London E1 8DE United Kingdom. Telephone + 44 (0)20 7980 3800. Registered No. 132862 England. www.houlder.co.uk

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ranging from general aviation, vintage aircraft, aircrew personal accident and aircrew loss of licence to specific reinsurance products. Bob Utton, Managing Director of Houlder's Aviation Division said: "We are delighted to welcome Simon Howell and Coran Barford to our team. In addition to strengthening our position in the aviation broking sector, both bring a range of skills and insight which will enable us to exploit new, additional business opportunities." ENDS Further information: Nicola Burdett ­ Company Secretary ­ 020 7980 3809

Notes to Editors

1. China Merchants Group (CMG) is one of the most respected conglomerates owned by the State owned Assets Supervision and Administration Commission of the State Council (SASAC) in China. At the end of 2009, CMG reported a net profit of RMB 9.8 billion (US$ 1.47 billion) and had RMB 2,683 billion (US$ 402 billion) of assets under management, ranking the Group as seventh largest among 122 state owned enterprises under SASAC's supervision. CMG has been named as the "ATier State Owned Enterprise" for six consecutive years and was awarded the accolade of being "The Best Performed State Owned Enterprise" in 2007. CMG focuses its businesses in three major industrial sectors: Transportation (ports and related services, toll roads, energy shipping and logistics), Financial Services (banking, securities, fund management and insurance) and Property Development. CMG has 30 years experience in the insurance broking business and has developed an international network with operations in the UK, Hong Kong and mainland China. 2. As a subsidiary of CMG, Houlder Insurance Services Limited in London has close ties with its sister company Houlder Insurance Brokers (Far East) Ltd, based in Hong Kong. Houlder Insurance Services Limited is an established niche Lloyd's broking operation and delivers its services through four divisions, Aviation, Marine, Non Marine and Special Risks. Digital images of Simon Howell and Coran Barford are available. Please email [email protected] if you would like to receive them.

3.

Houlder Insurance Services Limited is a Broker at Lloyd's and is authorised and regulated by the Financial Services Authority, Firm Reference No: 309374. Principal office: Michael's House, 10-12 Alie Street, London E1 8DE United Kingdom. Telephone + 44 (0)20 7980 3800. Registered No. 132862 England. www.houlder.co.uk

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11. Houlder Insurance Services Limited _091210_2__.doc