Appointment

Seascope Shipping Holdings PLC
7 November 2001



                        SEASCOPE SHIPPING HOLDINGS PLC




For immediate release                                          7 November 2001



        New Non-Executive Director for Seascope Shipping Holdings PLC

The Board of Seascope Shipping Holdings PLC, providers of specialised broking
and consultancy services to the international shipowning, shipbuilding and oil
/ offshore industries, is pleased to announce the appointment of Richard
Agutter as a non-executive director and Chairman of the Audit Committee.


Richard Agutter, aged 60, spent 35 years with KPMG, becoming a partner in
1977. In 1985 he formed a new division specialising in Corporate Finance. He
retired as a partner from KPMG in 1998 but remains a senior advisor there.


Sir Peter Cazalet, Chairman, commented:


'I am delighted to welcome Richard Agutter to our Board. Richard brings with
him a wealth of experience gained from establishing successful Corporate
Finance departments at KPMG, both in the UK and internationally. I am sure
that his reputation and contacts within the City of London combined with his
international experience will prove invaluable to the Group'.

                                   - ends -


For further information, contact:

Seascope Shipping Holdings PLC
Alan Marsh, Chief Executive                                  Tel: [phone]
Derek Walter, Finance Director                               Tel: [phone]

Grandfield
Clare Abbot / Kirsty Black                                   Tel: [phone]