COSCO secures offshore and shipbuilding contracts totaling over USD380 million

The Board of Directors of COSCO Corporation (Singap ore) Limited announces that shipyards, which are subsi diaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Ltd, have secured c ontracts totaling over USD380 million to build two jackup drilling rigs and one bulk carrier as follow: 1. COSCO (Dalian) Shipyard Co. Ltd Contracts from a Bermuda company for two (2) LeTour neau Super 116E jackup drilling rigs, scheduled for delivery in 1H2016 and 2H2016 r espectively. The buyer has also secured options for two (2) additional jackup drill ing rigs. 2. COSCO (Zhoushan) Shipyard Co. Ltd The contract under the first option, cited in our a nnouncement dated 12 Sept 2013, to build one (1) dry bulk carrier of 64,000dwt for a Europea n buyer has been rendered effective. The bulk carrier is scheduled for delivery in 2H201 4. Save for their respective shareholdings in the Comp any, none of the directors or controlling shareholders of the Company has any interest, direc t or indirect in the contracts. Barring any unforeseen circumstances, the above con tracts are not expected to have a material impact on the net tangible assets and earn ings per share of the Company for the year ending 31 December 2013.