Sical Logistics LimitedRicha TilokaniManager - Communications91

Sical Logistics LimitedRicha TilokaniManager - Communications91.44.22350724 /91.9940164870Fax: Copyright Business Wire 2009. * Offshore logistics-platform supply vessel; cutter suction dredger.Sical's delivery network includes an exclusive walk-in berth at Chennai forships carrying bulk cargo; a container terminal at Tuticorin; 225,000 squarefeet of storage across 17 warehouses; owned and regularly contracted fleet ofmore than 1000 transport vehicles; container freight stations at 3 locationsacross India; Sical Torino, a deepwater-capable platform supply vessel, andSical Portofino, a cutting section dredger. About Sical Handler of more than 26 million tonnes of bulk cargo and 500,000 TEUs ofcontainerized cargo annually, Sical Logistics Ltd is India`s leading provider ofintegrated solutions for offshore logistics and multimodal bulk andcontainerized logistics. Sical provides end-to-end solutions in:* Bulk logistics-stevedoring; port terminals; customs house and shipping agency;trucking; railroad; warehousing * Container logistics-container terminals; ICD; CFS.

Sridhar's inspirational and motivational leadership to helprealize our vision of being India's dominant solutions provider of integratedmulti-modal logistics solutions for bulk and containerized cargo," AshwinMuthiah said. "LR Sridhar has a track record of consistent delivery that inspires confidence.In less than three years of joining us, he transformed the container logisticsbusiness (Sical Distriparks) from an underachieving division into one of Sical'smost significant and profitable businesses. He was given charge of the bulklogistics business - Sical's mainstay - barely 6 months ago, and, as a result ofhis focused approach to operations and business development, profitabilitymargins have begun to rise appreciably in that segment as well "We expect Mr. Menon in the role of a facilitator toenhance shareholder value," Ashwin Muthiah said. "Karthik Menon, who joins the board in a non-executive and honorary capacity,has been, without doubt, the strategist and driving force behind Sical'ssuccessful business and organizational structuring, set in motion in 2005-06.Given his stellar record not only on Sical, but with the promoter group'svarious companies, the board sees Mr. "We are confident that this team, working intandem, will bring in a renewed vigor and dynamism to Sical," he said.

Comment from Ashwin Muthiah, Chairman, Sical Logistics "The appointment of Karthik Menon and LR Sridhar signals the board's commitmentto bring in, at the ownership and management levels, strong performers with atrack record of strategic, management, and operational success," said AshwinMuthiah, Chairman, Sical Logistics. Karthik Menon is currently a non-executive director on Sical's board, while LRSridhar is currently CEO - Bulk Logistics and Director & CEO - Sical DistriparksLtd. The board also approved the appointment of Vinod Giri as IDFC PE's nomineedirector. * Karthik Menon appointed Vice-Chairman * LR Sridhar appointed Managing Director * Vinod Giri appointed IDFC-PE's nominee directorCHENNAI, India--(Business Wire)--Sical Logistics Ltd:BSENSE Reuters Bloomberg 520086 SICAL SICA.BO SIC IN Sical Logistics Ltd, India`s leading provider of multi-modal integratedlogistics solutions for bulk and containerized cargo, today announced that itsboard of directors, at a meeting held on 5 May, 2009, have approved two majorappointments to Sical's board: Karthik Menon as Vice-Chairman and LR Sridhar asManaging Director. HELIX ENERGY SOLUTIONS GROUP INC (HLX.N) The company reported first-quarter earnings that beatanalyst estimates.