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Stock Exchange Announcements and Reports

Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackJun 02, 2009

Part I
1. Date of notice to issuer 02/06/2009
2. Name of Substantial Shareholder Deutsche Bank AG
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 29/05/2009
2. The change in the percentage level From 8.04 % To 7.80 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Share capital increase due to new units distribution.
The Distribution Reinvestment Scheme ("DRS") provides eligible unitholders the option to receive part or all of their entitled distributions in the form of new units, in lieu of cash. 15,554,077 new units were credited into participating unitholders' Securities Accounts on 29 May 2009, thus increasing the number of outstanding units that First Ship Lease Trust has on the Singapore Stock Exchange and decreasing the percentage shareholding that Deutsche Bank AG has for this security.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of the Distribution Reinvestment Scheme.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 40,444,000
As a percentage of issued share capital 0 % 8.04 %
No. of shares held after the change 0 40,444,000
As a percentage of issued share capital 0 % 7.80 %