Delivery of Vessel

24 October 2014

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a 80,000 DWT bulk carrier, "CIC EPOS", to its European Buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer recently.

The vessel measures 229 meters in LOA (length of all), 32.26 meters in breadth and 20.25 meters in depth.