Exercise of Purchase Options for two reefer vessels

16 June 2008

Star Reefers has exercised its option to purchase the two reefer vessels Cape Town Star (1993 built) and Durban Star (1993 built) from their current owner.

The vessels have been bareboat chartered to Star Reefers for several years. The aggregate purchase option price for the vessels is USD 13.9 million. The vessels will be delivered to Star Reefers in December 2008.

Source: Star Reefers