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Interested Person Transactions
The transactions entered into with interested persons during the period from 19 March 2007 to 31 December 2007 which fall
under the Listing Manual of the Singapore Exchange Securities Trading Limited and the Business Trusts Act, Chapter 31A of
Singapore are:
Name of Interested Person Aggregate value of all interested person transactions
during the financial period under review [excluding
transactions less than S$100,000 (equivalent to
approximately US$69,444(1)) ]
WongPartnership(²)- Professional fees at initial public offering of units in FSL Trust US$183,381.05
Columbia Shipmanagement(³) - Services rendered US$126,180.84
First Ship Lease Pte. Ltd. – Purchase of special purpose companies holding the vessels
at initial public offering of units in FSL Trust
US$471,400,000
Notes:
(1) Based on prevailing exchange rate as at 31 December 2007.
(2) Mr Wong Meng Meng is a director of FSLTM and a founding partner of WongPartnership (now known as WongPartnership LLP).
(3) Columbia Shipmanagement is an associate of Schoeller Holdings Ltd, who is deemed interested in the units held by the controlling unitholder of First
Ship Lease Trust, namely First Ship Lease Pte. Ltd.
The above does not include the following on-going interested person transactions:
(a) the fees and charges payable by FSL Trust to FSLTM under the trust deed dated 19 March 2007; and
(b) the lease rentals, fees and charges receivable by FSL Trust under the lease agreements dated 5 July 2005 with Schoeller
Holdings Ltd in respect of containerships YM Subic and Cape Falcon,
which are deemed to be specifically approved by the unitholders upon subscription for the units at the initial public offering and
which are not subject to Rules 905 and 906 of the Listing Manual to the extent that there is no subsequent change to the rates
and/or bases of the fees charged thereunder which will adversely affect FSL Trust. However, the renewal of the said trust deed
and lease agreements will be subject to Rules 905 and 906 of the Listing Manual including any amendments to be made thereto.
Except as disclosed above and in the financial statements, there were no additional interested person transactions (excluding
transactions less than S$100,000 (US$69,444) equivalent) entered into up to and including 31 December 2007.
FSL Trust does not have any unitholders’ mandate for interested person transactions.
ADDITIONAL INFORMATION
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THE GROWING MARITIME ANNUITY