Acquisition of Two New Container Vessels

6 January 2023

The Board of Directors ("Board") of Samudera Shipping Line Ltd. (the "Company" together with its subsidiaries, the "Group") wishes to announce that the Company had on 23 December 2022 entered into agreements for the acquisition of two (2) new-build container vessels from an unrelated third party ("New Vessels"). The aggregate acquisition price is approximately US$66,000,000.

The New Vessels, each with a capacity of 1,900 TEUs, are expected to be delivered in 4th Quarter of 2024 and early 2025.

As the acquisition of the New Vessels is in the ordinary course of business of the Company and is part of the Company's existing principal business, this acquisition will not constitute as a "transaction" for the purpose of Chapter 10 of the SGX-ST Listing Manual.

The acquisition of the New Vessels is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the financial year ended 31 December 2022.

None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in acquisition of the New Vessels.

By order of the Board,

Bani Maulana Mulia
Executive Director, Group CEO

Samudera Shipping Line Ltd press release