WSP Holdings Appoints New Independent Director

Since 2001 Mr. Michael Muhan Liu has been a managing director of East China Capital Investments Ltd., which is mainly involved in the investment and financing of projects in mineral resources. Since 2009, he has also served as a director of China Growth Minerals Ltd. ("CGM"), a Hong Kong company mainly involved in the investment in uranium. From 2004 to 2009, he served as a director of International Barytax Resources Ltd., a Toronto listed company involved in the investment of copper exploration projects in Africa. From 2005 to 2008, he served as a director of Pacific Imperial Mines Ltd., a Toronto listed company involved in gold exploration project in China, and was the Executive Vice President and Chief Financial Officer of the company for two years during such period. Prior to that, he served as the president of CNT Corp.'s operations in Asia Pacific region, primarily responsible for the general management of joint venture operations in the region from 2001 to 2003. CNT Corp. is an agriculture company and one of the world's largest North American ginseng suppliers. Mr. Liu received his Master of Arts in Economics from University of New Brunswick, Canada and his Master of Business Administration from University of British Columbia, Canada.

"We are pleased to welcome Mr. Liu to our board. We would also like to extend our thanks to Mr. Walton for his valuable contributions to the company during his tenure as a board director," said Mr. Longhua Piao, chairman and CEO of the Company. "Given Mr. Liu's rich background in senior corporate management positions at multinational companies and his in-depth knowledge in metal and mining commodities, I believe he will bring new perspective and insight to our board. I look forward to the contributions he will make to the Company."  

About WSP Holdings Limited

WSP Holdings develops and manufactures seamless Oil Country Tubular Goods (OCTG), including seamless casing, tubing and drill pipes used for on-shore and off-shore oil and gas exploration, drilling and extraction, and other pipes and connectors. Founded as WSP China in 1999, the Company offers a wide range of API and non-API seamless OCTG products, including products that are used in extreme drilling and extraction conditions. The Company's products are used in China's major oilfields and are exported to oil producing regions throughout the world. For further information, please visit WSP Holdings' website at http://www.wsphl.com/.

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