Options for a futher 4 Newcastle Max valued
at approximately US$212 million signed

6 March 2014

The Board of Directors of JES International Holdings Limited (the “Company” together with its subsidiaries, the “Group”), further to our announcement dated 28 February 2014 with regards to the new contracts worth approximately US$240 million secured, is pleased to announce that, through its wholly owned subsidiaries, Jiangsu New East Marine Engineering Co., Ltd, the Group has signed an option for the construction of further 4 Newcastle Max bulk carriers.

The value of the vessels signed under the option is approximately US$212 million. The option is signed with the same European customer granted the 4 Newcastle Max bulk carriers as announced on 28 February 2014. The delivery of the vessels under the option, if exercised, are expected to take place after 2016.

None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contract. The option is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2014.

The Company will release further announcement(s) of any material information relating to these shipbuilding contracts as and when it arises.

By Order of the Board Jin Xin
Chairman and Chief Executive Officer
6 March 2014

JES International Holdings Limited