Singapore - The Board of Directors (the “Board”) of Samudera Shipping Line Ltd. (the “Company” together with its subsidiaries, the “Group”) wishes to announce that PT Samudera Shipping Indonesia, a subsidiary of the Company, has entered into memorandums of agreement for the acquisition of 2 ethylene gas carriers from unrelated parties (collectively, the “Vessels”). The acquisition of the Vessels is a discloseable transaction pursuant to Chapter 10 of the SGX- ST Listing Manual (the “Listing Manual”). THE VESSELS

The Vessels are both Bahama flagged ethylene gas vessels that were built in 2010 and 2009 respectively. The Company will determine the flag of these vessels closer to deliveries.
The Vessels will be renamed as Sinar Ternate and Sinar Tidore when the deliveries are completed.