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Change Of Registered Address

BackJan 17, 2008

FSL Trust Management Pte. Ltd. ("FSLTM"), Trustee-Manager of First Ship Lease Trust wishes to announce that the registered office of FSLTM has changed to the following address, with effect from 16 January 2008:

9 Temasek Boulevard #19-03
Suntec Tower Two
Singapore 038989.

By Order of the Board
FSL Trust Management Pte. Ltd.
as Trustee-Manager of First Ship Lease Trust

Cheng Pei Jiuan Rebecca
Company Secretary
17 January 2008