Cosco Corporation Secures Contracts Valued Over Usd70 Million For Two Bulk Carriers

The Board of Directors of COSCO Corporation (Singapore) Limited (the Company) wishes to announce that COSCO (Dalian) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured contracts valued over USD70 million to build two (2) bulk carriers of 92,500 dwt each.
The contracts are effective following receipt of the initial deposits from the Hong Kong
ship owner.
The bulk carriers which will be built at COSCO (Dalian) shipyards are scheduled for
deliveries in November 2011 and January 2012 respectively.
None of the directors or controlling shareholders of the Company has any interest, direct
or indirect in the contracts.
The contracts are not expected to have a material impact on the net tangible assets and
earnings per share of the Company for the year ending 31st December 2010.