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Further to the announcements made by Poh Tiong Choon Logistics Limited (the "Company") on 6 March 2006 and 4 July 2006, the Board of Directors of the Company wishes to announce that it has on 1 November 2006 increased its contributed capital in Poh Tiong Choon Logistics (ShangHai) Limited from US$1,200,000 to US$2,000,000.

This further investment was funded by internal funds and is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the current financial year.

By Order of the Board
Poh Khim Hong (Ms)
Financial Director
2 November 2006