Cosco Corporation secures contract valued over USD1 80 million for one jackup drilling rig

The Board of Directors of COSCO Corporation (Singapore) Limited announces that COSCO (Dalian) Shipyard Co ., Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Grou p Co., Ltd, has secured a contract valued over USD180 million from an Asian c ompany to build one (1) Jackup drilling rig. The rig is scheduled for delivery in the 3rd quarte r of 2015. None of the directors or controlling shareholders o f the Company has any interest, direct or indirect in the contract. Barring any unforeseen circumstances, the contract 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 2013, the company said in its press release.