ORIENT OVERSEAS (INTERNATIONAL) LIMITED

UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE THIRD QUARTER ENDED 30TH SEPTEMBER 2008

Hong Kong, 17th October 2008

The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the third quarter of 2008 (ended 30th September 2008). The comparative figures for the third quarter of 2007 (ended 30th September 2007) are also disclosed in this announcement.

For the third quarter of 2008 (ended 30th September 2008), total volumes were 5.9% ahead of the same period last year. Total revenues increased by 15.6% to US Dollars 1,644.6 million. With only a 1.9% increase in loadable capacity, the overall load factor was 3.0% higher than the same period of 2007. Overall average revenue per teu increased by 9.2% compared with the third quarter of last year.

For the first nine months of 2008 (ended 30th September 2008), total volumes increased by 8.2% over the same period last year and total revenues recorded a 21.3% increase. Despite an increase of 8.8% in loadable capacity, the overall load factor was maintained at similar level to the corresponding period in 2007. Overall average revenue per teu increased by 12.1% compared with the same period last year.



Orient Overseas Container Line (OOCL)