New President for Automobile Association of Singapore
as Gerard Ee Steps Down

Mr. Gerard Ee has stepped down as President of Automobile Association of Singapore (AA) at the end of his term, 31 May 2006. Mr. Ee has made the announcement in his address to members at the Association's Annual General Meeting held on 31 May.

A new President, Mr Bernard Tay has been elected into office at this AGM and takes over from 1 June 2006.

Mr. Gerard Ee has spent 20 years with AA, having been elected into the General Committee in April 1986. He was elected to be Vice President in May 1988 and took over as President in 1996. Mr Ee has been at the helm of the Association for the last 10 years. During his strong leadership, Mr Ee was instrumental in leading the Association to new market and product opportunities, establishing AA as the leading service provider for roadside assistance and guiding the Association to leverage on modern technology, and thus strengthening the Association over the years.

"I am indeed grafeful that we have been able to achieve so much together in the last 20 years. This has been possible with the strong support from the General Committee and the AA members. Under the new leadership of Mr Bernard Tay, I am confident AA will forge on to establish milestones and continue its vital motoring role." commented Mr. Ee.

Mr. Bernard Tay, 57, is presently the Chairman of a corporate advisory company. He is a Fellow of the Association of Chartered Certified Accountants (U.K.), the Institute of Certified Public Accountants of Singapore and Taxation Institute of Australia. He served as a member of AA's Staff Sub-Committee since 1988 and has been the Vice-President of AA since 2004. Mr. Tay is currently actively involved in voluntary community work and is an Independent Director to various public listed companies. He is also the Vice-President of the Singapore Productivity Association.

Mr. Tay said, "I am truly honoured to be given the opportunity to serve as the next President. I shall strive to do my best to continue and consolidate the work we have carried out these past years."