Siem Shipping Inc.

Siem Shipping Inc. (OSE Symbol: SSI), operating under the STAR Reefers brand, is one of the world’s leading global reefer owners and operators with a controlled fleet of 30 reefer vessels with a total capacity of 17 million cbft. The STAR Reefers fleet is the most modern fleet available to charterers and shippers of fruit and other perishable food in the world and all ships are classed by Det norske Veritas or Lloyd’s Register of Shipping. In the first half of 2015, the Company entered the car carrier market as a tonnage provider by entering into a contract to build two 7,000 CEU pure car and truck carriers (“PCTCs”; CEU means car equivalent units) for delivery in the second half of 2017 at Uljanik d.d.; a shipbuilder based in Croatia. At the end of 2015, the Company owned a beneficial interest of 7,409,498 shares of Siem Shipping, or approximately 81.3% of its issued and outstanding shares. For more information regarding Siem Shipping, please see www.star-reefers.com