In order to improve efficiency and segregation of duties within

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In order to improve efficiency and segregation of duties within
International Global Products, a new Coordination team is being created in
London to take on the Control functions currently performed within the
Logistics team.

This will allow the Commercial Logistics team to concentrate on improving the
bottom line results by negotiations and arrangements with outside parties.
The Commercial Logistics team (Europe) headed by Graham Cane will now report
to Chris Mahoney.

The Coordination function has been set up by Cindy Horn, who will be handing
over the leadership to Becky Millerchip on following the implementation of
SAP for Global Products. This team will handle all paperwork and
reconciliations with regard to product movements of Global Products generated
by the London and Helsinki offices, and the further processing of this
information to the systems and users downstream.

The Coordination function for Houston and Panama City will be headed by
Michelle Bruce, with the Logistics team headed by John Harrison now reporting
directly to John Nowlan. Michelle will build her team during the third
quarter.

A similar rationalisation of roles in the Far Eastern offices will be
announced in due course.

Please join us in congratulating Graham and Becky, Michelle and John on
their new responsibilities, and in thanking Cindy for her hard work in making
this happen.

Tani Nath & John Nowlan