Update re RS Platou ASA discussions

29 February 2012

Further to the announcement on 20 February 2012 that the Company was examining options to work closely with RS Platou ASA's London operation, RS Platou LLP, the Board of ACM has considered a number of options, but has concluded that none were in the best interests of ACM. As a result, the Company is no longer in discussions with RS Platou LLP.

ACM will continue its strategy of expanding its teams of brokers to penetrate new regional markets.

ACM is one of the world's principal shipbrokers, providing a full range of integrated ship broking services for the global market. It is widely recognised as a market leader in oil transportation. The Company's key activities are spot freight brokerage, time charter and project brokerage, sale and purchase, new buildings, demolition and derivatives brokerage. In June 2010, the group expanded its offering into dry cargo through the acquisition of the business of Endeavour Shipbrokers Pty Limited and has also recently set up a new dry cargo venture in London. This is in line with ACM's stated strategy to become an integrated global ship broking services provider.

Established in London in 1982, the Company has since expanded its international operations with offices based in London, Singapore, India, Australia, UAE and China. ACM employs over 150 brokers and support staff who provide clients with global experience and intimate local knowledge of the world's shipping centres. The group has a strong network of clients which include major oil producers, independent oil traders, ship-owners and operators.

ACM was admitted to AIM on 6 December 2006. For more information on the Company and its group please visitwww.acmshippinggroup.com.

ACM Shipping Group plc