Delivery of vessel

15 April 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 bulk carrier of 57000DWT, "GUOTOU 108", to its Asian buyer.

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

The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.

Cosco Corporation (Singapore) Limited