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Sale Of Property

BackAug 22, 2006

The Board of Directors ("Board") of Samudera Shipping Line Ltd ("the Company") refers to its announcement on 8 August 2006 in relation to the option agreement for the sale of property owned by Foremost Maritime Pte Ltd, a wholly-owned subsidiary of the Company. The Board wishes to announce that the option has been exercised by the acceptance of 9% of the consideration from the purchaser.

By order of the Board

Anwarsyah
22 August 2006