On January 25, 2019, General Average was formally declared by the owners of the vessel
Yantian Express v108E in the EC5 service string. The declaration of General Average is the
result of the fire on deck of the Yantian Express and the subsequent firefighting efforts on the
vessel.

As of January 25th, the responsible salvage master from the company Smit has decided to
sail the “Yantian Express” to the Port of Freeport (Bahamas). Once there, the recovery and
assessment efforts of the cargo can proceed in a safer environment.

Due to expansion of regulation scope requiring ships to use less than 0.5% sulphur fuel in the China
ECA designated areas, Ocean Network Express wishes to advise of the following pricing
adjustment.

There is currently nil further update on the development of the situation on the Yantian
Express.

The fire has been primarily contained. Three salvage tugs are currently providing assistance
to Yantian Express. Another ocean-going tug is also on its way to further assist the operations.

Rescue efforts are ongoing. Currently, there are three tugs on scene to provide assistance
to Yantian Express.

There is currently nil further update on the development of the situation on the Yantian
Express. Nonetheless, Ocean Network Express continue to closely monitor and update you
as the situation progresses.

Developments of the situation on the Yantian Express are being closely monitored.
Firefighting efforts remain ongoing, and the fire has been largely contained and brought under
control.

Efforts to extinguish the fire have made continuous progress and have allowed the fire to be
largely contained and brought under control.

Based on current available information, we have to assume that all cargo in bay 12 on deck
and forward is directly affected by the fire, as well as all cargo in Hold 1 (Bay 1 to 9).
Furthermore, we have to expect that all cargo in Hold 2 (Bay 11 to 17) is affected by fire,
smoke and / or damage caused by firefighting water. Damage caused by smoke, heat and /
or firefighting water in adjacent areas is also possible.