SSG: Notice of share repurchase for treasury stock

Seagull Shipping Company (HNX: SSG) announces to repurchase share for treasury stock as follows:

1. Name of issuer: Seagull Shipping Company

2. Head Office: No.12, Doan Nhu Hai Street, Ward 12, District 4, Ho Chi Minh City

3. Charter capital: VND 50,000,000,000

4. Stock code: SSG

5. Securities type: Common stock

6. Number of current treasury shares: 15,810 shares

7. Number of shares to be repurchase: 3,000 shares

8. Purpose: For Treasury Stock

9. Reasons: Recovery of shares that were going to be sold to Mr. Nguyen Hong Viet

10. Resource for repurchase: Retained earnings 2010

11. Tender price: Par value

12. Expected date for repurchase: From 28/03/2011 to 15/04/2011

13. Trading method: Acquisition through negotiation

14. Authorized securities company: Bao Viet Securities Company.

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