ANNOUNCEMENT OF APPOINTMENT OF A MANAGER OF THE ISSUER OR ANY OF ITS PRINCIPAL SUBSIDIARIES, WHO IS A RELATIVE OF A DIRECTOR OR CEO OR SUBSTANTIAL SHAREHOLDER OF THE ISSUER *

* Asterisks denote mandatory information

"DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

Name of Announcer *	HERSING CORPORATION LTD
Company Registration No.	199706986E
Announcement submitted on behalf of	HERSING CORPORATION LTD
Announcement is submitted with respect to *	HERSING CORPORATION LTD
Announcement is submitted by *	Chua Khee Hak
Designation *	Director
Date & Time of Broadcast	12-Jan-2010 17:45:55
Announcement No.	00096

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Date of Appointment *	11-01-2010
Name of Person*	Brian Chua Kok Tong
Age *	28
Country of principal residence *	Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *	Brian Chua holds a degree in Commerce, majoring in marketing and finance from the University of Sydney. In addition, he holds a master degree in Applied Finance from the Singapore Management University. He has acquired the appropriate financial exposure and business skills over his previous employments within the financial sectors. He has been selected for the position by the Management of Hersing Corporation Ltd to help with the Group's plan to expand the self storage business into the Asia Pacific Region.
Whether appointment is executive, and if so, the area of responsibility *	Executive. Corporate Developments.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Assistant Vice President
Working experience and occupation(s) during the past 10 years *	Personal financial consultant at OCBC (January 2007 to December 2007) Business Manager at Phillip Securities Pte Ltd (December 2007 to December 2009)

Interest * in the listed issuer and its subsidiaries *

Nil

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *

Son of Mr Chua Wah Eng Harry, a substantial shareholder and Executive Director, Chairman & Chief Executive Officer of the Group.

Conflict of interests (including any competing business) *

Nil

>> OTHER DIRECTORSHIP#

# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9)

Past (for the last 5 years)

Present

>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

(a)*

Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?

· No  

(b)*

Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?

· No  

(c)*

Whether there is any unsatisfied judgment against him?

· No  

(d)*

Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?

· No  

(e)*

Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?

· No  

(f)*

Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?

· No  

(g)*

Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?

· No  

(h)*

Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?

· No  

(i)*

Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?

· No  

(j)

Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-

(i)*

any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or

· No  

(ii)*

any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or

· No  

(iii)*

any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or

· No  

(iv)*

any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere,

· No  

in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?

(k)*

Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?

· No  

>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(I)

Disclosure applicable to the appointment of Director only.

Any prior experience as a director of a listed company?

·

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