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Stock Exchange Announcements and Reports

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

BackJan 04, 2010

Part I
1. Date of notice to issuer 04/01/2010
2. Name of Substantial Shareholder FSL Holdings 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 01/01/2010
2. The change in the percentage level From 89.29 % To 89.29 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Change from direct interests to deemed interests in the issued share capital of FSL Trust Management Pte. Ltd., the trustee-manager of First Ship Lease Trust, as a result of a restructuring exercise undertaken by FSL Holdings Pte. Ltd.
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 100,000 0
As a percentage of issued share capital 89.29 % 0 %
No. of shares held after the change 0 100,000
As a percentage of issued share capital 0 % 89.29 %
Footnotes This notification does not relate to unitholding interests in First Ship Lease Trust. Rather, this notification is in respect of changes in shareholding interests in FSL Trust Management Pte. Ltd., the trustee-manager of First Ship Lease Trust, and is made pursuant to Section 39 of the Business Trusts Act, Chapter 31A.