DISBURSEMENT OF SHAREHOLDER’S LOAN Capitalised terms used in this announcement, unless otherwise indicated, have the same meanings ascribed to them in the prospectus of Yangzijiang Shipbuilding (Holdings) Ltd. (the “Company”) dated 9 April 2007 in relation to the Offering (the “Prospectus”). The Board of Directors (the “Board”) of the Company wishes to announce that the Company had on 15 June 2007 disbursed S$45.0 million to Jiangsu New Yangzi Co., Ltd ("JNYS") out of the net proceeds raised from its initial public offering, of which S$180.0 million was earmarked as a shareholder’s loan to be provided to JNYS to partially finance the construction of the New Yard, and for working capital purposes (the "Shareholder's Loan"). Please refer to the Prospectus for further details of the Shareholder's Loan. The Company intends to disburse the Shareholder's Loan in several tranches but in any event, the aggregate amount of the Shareholder's Loan will not be more than S$180.0 million. The Company will continue to make periodic announcements as and when further disbursements of the Shareholder's Loan are made. UBS AG, acting through its business group, UBS Investment Bank, acted as the Global Coordinator and Sole Bookrunner for the initial public offering of the shares of the Company. By order of the Board Ren Yuanlin (任元林) Executive Chairman 18 June 2007
