Pretty, Chic and Rich

COSCO CORPORATION (SINGAPORE) LIMITED
(Company Registration No. 196100159G)
CLARIFICATION OF ARTICLE IN THE BUSINESS TIMES
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) refers to the
article which appeared in The Business Times on 20 January 2011 entitled “Talk of asset injection boosts Cosco Corp”. Citing recent research reports, the article refers to the possibility of a restructuring effort by parent company Cosco Group that would see it inject its 19 per cent interest in Cosco Shipyard Group and its 100 per cent stake in Cosco Shipbuilding Industry Company, which owns two shipbuilding yards in Nantong and Dalian, into the Company. With respect to these recent reports, the Company wishes to state that it has not received any proposal nor is it currently in any discussions with any party in relation to the recently reported proposed asset injection. The Company will make further announcements of relevant developments (if any) at the appropriate junctures. Shareholders of the Company and investors are advised to exercise caution in dealing in the shares of the Company.
By Order of the Board
Jiang Li Jun
Vice Chairman and President
20 January 2011