SGX Announcement

YANGZIJIANG SHIPBLDG HLDGS LTD
Monday, 1st December 2008

Name of Overseas Exchange where Company has Dual Listing (if applicable)

(A) Share Buy-Back Authority

I. Maximum number of shares authorised for purchase* 330,089,700

(B) Details of Purchases Made

I. Purchases made by way of market acquisition Yes

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases	01-12-2008
2a	Total number of shares purchased	698,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	698,000
3a	Price paid per share# or	Currency : S$ Amount : 0.41	Currency : [Select Currency] Amount :
3b	Highest price per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
	Lowest price per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$ Amount : 286,555.11	Currency : [Select Currency] Amount :

# Specify currency

II. Purchases made by way of off-market acquisition on equal access scheme? No

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases
2a	Total number of shares purchased
2b	Number of shares cancelled
2c	Number of shares held as treasury shares
3	Price paid or payable per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :

# Specify currency

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% ¹	No.	%	No.	%
Cumulative no. of shares purchased to-date ²	222,397,000	6.087			222,397,000	6.087

¹ Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
² From the date on which the share buy-back mandate is obtained

(D)	Number of issued shares excluding treasury shares after purchase *	3,431,125,000
	Number of treasury shares held after purchase*	222,397,000

Footnotes

As at 25 April 2008, the date on which the share buyback resolution was passed, the issued share capital consists of 3,300,897,000 ordinary shares.

Note: UBS AG, acting through its business group, UBS Investment Bank, acted as the Global Co-ordinator and Sole Bookrunner for the initial public offering of the shares of the Company.

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