Re Directorate

Seascope Shipping Holdings PLC 8 March 2001 Stock Exchange announcement SEASCOPE SHIPPING HOLDINGS PLC ('Seascope' or 'the Company') Board Changes Directors' Shareholdings 1. Board Changes Following completion yesterday of the merger with Braemar Shipbrokers Limited, Messrs. John Hunter Bodkin, Christopher Robert Buckley and Andrew Michael Glyndwr Williams have, with immediate effect, resigned from the board. Also with immediate effect, Alan Robert William Marsh, Chairman of Braemar Tankers has been appointed to the Board in the capacity of Chief Executive. Mr. Marsh's shareholding in Seascope is as follows: Alan Robert William Marsh Holding Nil Acquired via Acquisition 862,106 New Holding 862,106 (6.39%) Mr. Marsh's directorships are as follows: Current Braemar Shipbrokers Limited Braemar Developments Limited Braemar Chartering Limited Braemar Valuations Limited The London Ship Valuation Panel Limited Past 5 years Braemar Tankers Limited No disclosures under Paragraphs 6.F.2(b) to (g) of the UK Listing Rules 2. Directors Shareholdings Seascope have today been notified of the following purchases by directors of Seascope. The undernoted all dealt at 181.5p on 7 March 2001. Derek Edmund Piers Walter Previous holding Nil Purchased 5,000 New holding 5,000 (0.037%) Sir Graham James Hearne Previous holding Nil Purchased 2,500 New holding 2,500 (0.019%) Sir Peter Grenville Cazalet Previous holding Nil Purchased 2,500 New holding 2,500 (0.019%)