Reference is made to the notice from SinOceanic Shipping ASA dated 26 June 2013 regarding the general meeting resolutions to reduce the nominal value of the shares of the Company from NOK 6 to NOK 3 and the issuance of 65,009,497 new shares at a par value of NOK 3 in a private placement directed at Sinindo Holdings Limited.

The capital reduction and subsequent share capital increase were registered in the Norwegian Register of Business Enterprises today and the shares have been issued.

Following these registrations the share capital of SinOceanic Shipping ASA amounts to NOK 235,292,328 divided on 78,430,776 shares at a par value of NOK 3 per share.

As previously communicated by SinOceanic Shipping ASA, Sinindo Holdings Limited has undertaken to complete a compulsory acquisition of all shares in SinOceanic Shipping ASA following the registration of the share capital increase. After such mandatory acquisition, the board will propose to the general meeting of SinOceanic Sihpping ASA that the shares of the company be delisted.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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