Tankship Re-delivered to FSL Trust

FSL Trust has taken redelivery of 'MV Aqua', one of the two crude oil tankers previously leased to the subsidiary of Geden Holdings Ltd.

The crude oil tankship will be renamed FSL Hong Kong.

FSL Trust Management has appointed Thome Ship Management Pte. Ltd. Singapore, as technical manager and Teekay Chartering Limited as commercial manager for FSL Hong Kong and the vessel will commence voyage employment in the spot market shortly.

The Trust expects the redelivery of its second crude oil tanker, Action, to take place within July 2013. Further announcements will be made as and when there are material developments in this matter.

First Ship Lease Trust ("FSL Trust") is a Singapore business trust that provides lease financing solutions to the maritime industry. FSL Trust is focused on generating predictable cash flow from its portfolio of vessels on long-term bareboat leases that support regular distribution payouts to its unitholders.

FSL Trust is listed on the SGX-ST and its ADRs are quoted on International OTCQX. FSL Trust is managed by FSL Trust Management Pte. Ltd., the Trustee-Manager.