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Stock Exchange Announcements and Reports

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

BackSep 18, 2009

Part I
1. Date of notice to issuer 18/09/2009
2. Name of Substantial Shareholder DWS Holding & Service GmbH
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 16/09/2009
2. The change in the percentage level From 7.71 % To 6.68 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Share capital increase due to 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 80,000,000 New Units have been allotted and issued on 17 September 2009 in connection with the Placement announcements on 4th, 7th and 10th September 2009. The New Units are listed and quoted on the Main Board of Singapore Exchange Securities Trading Limited on 18 September 2009, thus increasing the number of outstanding units of First Ship Lease Trust and decreasing the percentage shareholding that Deutsche Bank AG holds.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 40,000,000
As a percentage of issued share capital 0 % 7.71 %
No. of shares held after the change 0 40,000,000
As a percentage of issued share capital 0 % 6.68 %