| Announcement Title | Financial Statements and Related Announcement |
| Announcement Subtitle | First Quarter Results |
| Securities | FIRST SHIP LEASE TRUST (FSTRUST) |
| Date & Time of Broadcast | May 15, 2014 21:28 |
| Submitted By | Alan Hatton Chief Executive Officer |
| Description | Please see attached. |
| For Financial Period Ended | Mar 31, 2014 |