The Board of Directors of FSL Trust Management Pte. Ltd., as Trustee-Manager of First Ship Lease Trust, announce that Mr. Esben Poulsson has resigned as a Director of the company with effect from September 27, 2016. Mr. Michael Oliver has been elected as the Chairman of the Remuneration Committee in place of Mr. Simon Davidson with effect from 29 September 2016.

Mr. Alan Mitchell has been appointed as the Chief Financial Officer of the company with effect from 26 September 2016.