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Stock Exchange Announcements and Reports

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

BackSep 17, 2009

Part I
1. Date of notice to issuer 17/09/2009
2. Name of Substantial Shareholder FSL Holdings Pte. Ltd. (formerly known as First Ship Lease Pte. Ltd.)
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 17/09/2009
2. The change in the percentage level From 30.43 % To 26.37 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Issue of 80,000,000 new units pursuant to the placement announced on 4 September 2009
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 154,430,600 3,422,100
As a percentage of issued share capital 29.77 % 0.66 %
No. of shares held after the change 154,430,600 3,422,100
As a percentage of issued share capital 25.80 % 0.57 %
Footnotes This deemed interest arises through FSL Holdings Pte. Ltd. shareholding interests in the trustee-manager, FSL Trust Management Pte. Ltd.