Robert Allan Ltd. Restructures

Robert Allan Ltd. announced that a long-planned re-structuring of the company has just been completed. This re-structuring will ensure long term continuity f the high quality design and independent engineering service to the marine industry

Effective July 2008, Robert G. Allan has been appointed as Executive Chairman of the Board and remains at the helm. A core group of senior employees have become shareholders of Robert Allan Ltd., and will become increasingly involved in the company business. This important first step will ensure that the company continues in its tradition of offering completely independent consulting services to its Clients, and recognizes the key role that the employees have played in the recent significant expansion and successes of

Robert Allan Ltd. The new organization will establish the culture of employee ownership and facilitate the succession from generation to generation.

Assuming the position of President will be Ken Harford, P. Eng., who has been a key figure in the company for the past twenty years, most recently as Vice-President of Marine Engineering. Hans Muhlert, a 37-year veteran at Robert Allan Ltd., remains in his position as Vice-President of Naval Architecture.

The other new shareholders in the company have been acting as Project Managers and have become increasingly well known to our Clients and the industry as the company has expanded into a world-wide

business: Todd Barber, P. Eng.; Grant Brandlmayr; Mike Fitzpatrick; Darren Hass, P. Eng.; Brig Henry, P. Eng.; Xuhui (Bill) Hu; Jim Hyslop; Dr. Oscar Lisagor, P. Eng.; James McCarthy, P. Eng.; and Derek Noon.

The new roles and responsibilities of these key personnel will be defined and announced in the coming months.