Premier Appoints Non-Executive Director to Board

Premier announced that Jane Hinkley will join the Company's Board as a non-executive director with effect from September 1, 2010.

Jane is a qualified accountant with executive experience primarily in international shipping. She has held managing directorships at Navion Shipping AS and Gotaas-Larsen Shipping Corporation and also served on the Executive Committee of Gard Assuranceforeningen, and as a director at Bergen Assuranceforeningen and Bona Shipholding AS.

Jane has been an Independent Director on the Board of Teekay GP since 2005 and also previously held the position of non-executive director of Revus Energy ASA, a Norwegian Exploration and Production Company.

Mike Welton, Chairman, commented, "I am delighted to welcome Jane as a non-executive director. Her extensive experience both at management and board level and her financial skill set make her a very worthy addition to the Premier Board."