Page 27 - ar2007

In accordance with Section 86 of the Singapore Business Trusts Act, I certify that I am not aware of any violation of duties of
the Trustee-Manager which would have a materially adverse effect on the business of the Trust or on the interests of all the
unitholders of the Trust as a whole.
Philip Clausius
Chief Executive Officer
29 February 2008
Statement by the Chief Executive Officer
FIRST SHIP LEASE TRUST | ANNUAL REPORT 2007
.25