Royal P&O Nedlloyd Proposes New Non-Executive Directors

Royal P&O Nedlloyd announces the appointment of Ad Scheepbouwer and Christine Morin-Postel as new Non-Executive Directors, subject to this year’s Annual General Meeting on 12 May 2005. At the same time, in order to achieve the balance of independent directors on the Board, Haddo Meijer will be standing down.