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Stock Exchange Announcements and Reports

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

BackFeb 11, 2008

>> PART I

1. Date of notice to issuer * 07-02-2008

2. Name of Substantial Shareholder * Deutsche Bank AG

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1. Date of change of [Select Option]

2. Name of Registered Holder

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

4. Information relating to shares held in the name of the Registered Holder

No. of [Select Option] held before the change
As a percentage of issued share capital	%

No. of N.A. which are subject of this notice
As a percentage of issued share capital	%

Amount of consideration (excluding brokerage and stamp duties) per share paid or received

No. of N.A. held after the change
As a percentage of issued share capital	%

>> PART III

1. Date of change of Interest 05-02-2008

2. The change in the percentage level From 9.01 % To 8.98 %

3. Circumstance(s) giving rise to the interest or change in interest Sales in Open Market at Own Discretion

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change in the percentage level is the result of a series of transactions, details of which are as follows: -

SECURITY NAME BUY/SELL QUANTITY PRICE TRADE DATE
First Ship Lease Trust Sell -67000 1.024 05-Feb-08
First Ship Lease Turst Sell -78000 1.029 05-Feb-08

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	45,028,000
As a percentage of issued share capital	0.00 %	9.01 %
No. of shares held after the change	0	44,883,000
As a percentage of issued share capital	0.00 %	8.98 %