Delivery Of Floating Production Storage And Offloading ("FPSO")

Oct 21, 2011

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Dalian) Shipyard Co., Ltd. (“COSCO Dalian”) (being a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd), has delivered its converted FPSO, “Radiant Jewel”, to a Japanese ship-owner.

The delivery documents were signed by and between COSCO Dalian and the ship-owner on 19 October 2011.The FPSO, classified by ABS, is 28.1 meters in depth, 58 meters in breadth, and 332 meters in LOA (length of all).

The conversion from VLCC to FPSO involved steel fabrication, module installation and integration and the installation of cables, pipe and equipment.

Cosco Corporation (Singapore) Limited, press release